Common use of Company’s Interest Clause in Contracts

Company’s Interest. If the Company determines, in its sole and absolute discretion, that: (i) you have violated any of the requirements set forth in Section 27(a) above or (ii) you have engaged in any Activities Against the Company’s Interest (the date on which such violation or activity first occurred being referred to as the “Trigger Date”), then the Company will, in its sole and absolute discretion, impose a Termination, Rescission and/or Recapture of any or all of the PRSUs or the proceeds you received therefrom, provided, that such Termination, Rescission and/or Recapture shall not apply to the PRSUs to the extent that such PRSUs vested earlier than one year prior to the Trigger Date. Within ten days after receiving notice from the Company that Rescission or Recapture is being imposed on any PRSU, you shall deliver to the Company the Shares acquired pursuant to the PRSUs, or, if you have sold such Shares, the gain realized, or payment received as a result of the rescinded payment or delivery. Any payment by you to the Company pursuant to this Section 27(c) shall be made either in cash or by returning to the Company the number of Shares that you received in connection with the rescinded payment or delivery. It shall not be a basis for Termination, Rescission or Recapture if after your termination of employment, you purchase, as an investment or otherwise, stock or other securities of a Competitive Organization or Business, so long as (i) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (ii) such investment does not represent more than a five percent equity interest in the organization or business.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc), Performance Based Restricted Stock Unit Agreement (Advanced Micro Devices Inc)

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Company’s Interest. If the Company determines, in its sole and absolute discretion, that: (i) you have violated any of the requirements set forth in Section 27(a) above or (ii) you have engaged in any Activities Against the Company’s Interest (the date on which such violation or activity first occurred being referred to as the “Trigger Date”), then the Company will, in its sole and absolute discretion, impose a Termination, Rescission and/or Recapture of any or all of the PRSUs RSUs, Shares issued or issuable pursuant to the RSUs, or the proceeds you received therefrom, provided, that such Termination, Rescission and/or Recapture shall not apply to the PRSUs RSUs to the extent that such PRSUs RSUs vested earlier than one year prior to the Trigger Date. Within ten days after receiving notice from the Company that Rescission or Recapture is being imposed on any PRSURSU, you shall deliver to the Company the Shares acquired pursuant to the PRSUsRSUs, or, if you have sold such Shares, the gain realized, or payment received as a result of the rescinded payment or delivery. Any payment by you to the Company pursuant to this Section 27(c) shall be made either in cash or by returning to the Company the number of Shares that you received in connection with the rescinded payment or delivery. It shall not be a basis for Termination, Rescission or Recapture if after your termination of employment, you purchase, as an investment or otherwise, stock or other securities of a Competitive Organization or Business, so long as (ix) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (iiy) such investment does not represent more than a five one percent equity interest in the organization or business.. 2018 Global RSU Agreement (SVP and Above) – Approved February 2018

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Advanced Micro Devices Inc)

Company’s Interest. If the Company determines, in its sole and absolute discretion, that: (i) you have violated any of the requirements set forth in Section 27(a30(a) above or (ii) you have engaged in any Activities Against the Company’s Interest (the date on which such violation or activity first occurred being referred to as the “Trigger Date”), then the Company will, in its sole and absolute discretion, impose a Termination, Rescission and/or Recapture of any or all of the PRSUs Options, the Shares issued to you upon exercise of the Options or the proceeds you received therefrom, provided, that such Termination, Rescission and/or Recapture shall not apply to the PRSUs Options, the Shares issued to you upon exercise of Options, to the extent that such PRSUs vested Options was exercised earlier than one (1) year prior to the Trigger Date. Within ten days after receiving notice from the Company that Rescission or Recapture is being imposed on any PRSUOption, you shall deliver to the Company the Shares acquired pursuant to the PRSUsOption, or, if you have sold such SharesCommon Stock, the gain realized, or payment received as a result of the rescinded payment exercise, payment, or delivery; provided, that if you return Common Stock that you purchased pursuant to the exercise of the Option (or the gains realized from the sale of such Common Stock), the Company shall promptly refund the exercise price, without earnings, that you paid for the Common Stock. Any payment by you to the Company pursuant to this Section 27(c30(c) shall be made either in cash or by returning to the Company the number of Shares shares of Common Stock that you received in connection with the rescinded payment exercise, payment, or delivery. It shall not be a basis for Termination, Rescission or Recapture if after your termination of employment, you purchase, as an investment or otherwise, stock or other securities of a Competitive Organization an organization or Businessbusiness in competition with the Business of the Company, so long as (i) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (ii) such investment does not represent more than a five one percent equity interest in the organization or business.

Appears in 1 contract

Samples: Stock Option Agreement (Advanced Micro Devices Inc)

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Company’s Interest. If the Company determines, in its sole and absolute discretion, that: (i) you have violated any of the requirements set forth in Section 27(a30(a) or (b) above or (ii) you have engaged in any Activities Against the Company’s Interest (the date on which such violation or activity first occurred being referred to as the “Trigger Date”), then the Company will, in its sole and absolute discretion, impose a Termination, Rescission and/or Recapture of any or all of the PRSUs Options, the Shares issued to you upon exercise of the Options or the proceeds you received therefrom, provided, that such Termination, Rescission and/or Recapture shall not apply to the PRSUs Options, the Shares issued to you upon exercise of Options, to the extent that such PRSUs vested Options was exercised earlier than one (1) year prior to the Trigger Date. Within ten days after receiving notice from the Company that Rescission or Recapture is being imposed on any PRSUOption, you shall deliver to the Company the Shares acquired pursuant to the PRSUsOption, or, if you have sold such SharesCommon Stock, the gain realized, or payment received as a result of the rescinded payment exercise, payment, or delivery; provided, that if you return Common Stock that you purchased pursuant to the exercise of the Option (or the gains realized from the sale of such Common Stock), the Company shall promptly refund the exercise price, without earnings, that you paid for the Common Stock. Any payment by you to the Company pursuant to this Section 27(c30(d) shall be made either in cash or by returning to the Company the number of Shares shares of Common Stock that you received in connection with the rescinded payment exercise, payment, or delivery. It shall not be a basis for Termination, Rescission or Recapture if after your termination of employment, you purchase, as an investment or otherwise, stock or other securities of a Competitive Organization an organization or Businessbusiness in competition with the Business of the Company, so long as (i) such stock or other securities are listed upon a recognized securities exchange or traded over-the-counter, and (ii) such investment does not represent more than a five one percent equity interest in the organization or business.

Appears in 1 contract

Samples: Stock Option Agreement (Advanced Micro Devices Inc)

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