|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the AAPL 10-K filed Dec 1, 2005. Annual Options”). Annual Options
are fully vested and immediately exercisable on their date of grant. As of the
end of the fiscal year, there were options for 740,000 shares outstanding under
the Director Plan. Since accepting the position of CEO, Mr. Jobs is no
longer eligible for grants under the Director Plan. Non-employee directors also
receive a $50,000 annual retainer paid in quarterly increments. In addition,
directors receive up to two free computer systems per year and are eligible to
purchase additional equipment at a discount. Directors do not receive any
additional consideration for serving on committees or as committee chairperson.
Annual Options”). Annual Options are fully vested and immediately exercisable on their date of grant. As of the end of the fiscal year, there were options for 740,000 shares outstanding under the Director Plan. Since accepting the position of CEO, Mr. Jobs is no longer eligible for grants under the Director Plan. Non-employee directors also receive a $50,000 annual retainer paid in quarterly increments. In addition, directors receive up to two free computer systems per year and are eligible to purchase additional equipment at a discount. Directors do not receive any additional consideration for serving on committees or as committee chairperson. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for AAPL: |
| |||||||
