AAPL » Topics » Compensation of the Chief Executive Officer

This excerpt taken from the AAPL DEF 14A filed Mar 13, 2006.

Compensation of the Chief Executive Officer

Mr. Jobs receives a salary of $1 per year for the services he performs as the Company’s Chief Executive Officer. He received no other compensation during 2005. Mr. Jobs has 10 million shares of restricted stock that were granted to him in 2003 which generally vest in full on the third anniversary of the grant date, subject to his continued employment with the Company, and 120,000 fully vested options that he received in 1997 under the 1997 Director Stock Option Plan. Since accepting the position of CEO, Mr. Jobs is no longer eligible for grants under the 1997 Director Stock Option Plan and receives no additional compensation for attending Board meetings.

This excerpt taken from the AAPL DEF 14A filed Mar 15, 2005.

Compensation of the Chief Executive Officer

        Mr. Jobs receives a salary of $1 per year for the services he performs as the Company's Chief Executive Officer. He received no other compensation during 2004. Mr. Jobs has ten million shares of restricted stock that were granted to him in 2003 which generally vest in full on the third anniversary of the grant date, subject to his continued employment with the Company and 120,000 fully vested options that he received in 1997 under the 1997 Director Stock Option Plan. Since accepting the position of CEO, Mr. Jobs is no longer eligible for grants under the 1997 Director Stock Option Plan and receives no additional compensation for attending Board meetings.

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