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This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007. Annual salary. The Company
pays an annual salary to its employees and executive officers, excluding the
CEO, as consideration for fulfillment of certain roles and responsibilities. The
Committee annually reviews base salaries for executive officers with an
independent compensation consultant. Base salaries for executive officers are
generally targeted at market median, and are increased if determined
appropriate based on market data and performance.
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