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This excerpt taken from the AAPL 10-Q filed May 4, 2005. Applicable Laws means the requirements
relating to the administration of stock plans under U.S. state corporate laws,
U.S. federal and state securities laws, the Code, any stock exchange or
quotation system on which the Common Stock is listed or quoted and the
applicable laws of any foreign country or jurisdiction where Awards are, or
will be, granted under the Plan.
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