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AAPL » Topics » Change-in-Control Provisions.

This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007.
Change-in-Control Provisions.   Except with respect to the provisions of certain equity awards, as described in “Change of Control Arrangements—Stock Options and Restricted Stock Units,” executive officers do not have change of control agreements. Moreover, none of the executive officers have any agreements with the Company to be “grossed up” with respect to any golden parachute excise taxes.

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