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AAPL » Topics » 1. Three Components

This excerpt taken from the AAPL DEF 14A filed Jan 7, 2009.

1. Three Components

The compensation program for the named executive officers, other than Mr. Jobs, consists of the following three components, in order of their importance:

 

  •  

long-term equity awards in the form of RSUs under the shareholder-approved 2003 Employee Stock Plan;

 

  •  

annual performance-based cash incentives under the shareholder-approved Performance Bonus Plan; and

 

  •  

base salary.

The named executive officers are also eligible to participate in the Company’s health and welfare programs, Employee Stock Purchase Plan, 401(k) Plan, patent bonus program and other employee recognition programs on the same basis as other employees.

This excerpt taken from the AAPL DEF 14A filed Jan 23, 2008.

1. Three Components

The compensation program for the named executive officers consists of the following three components, in order of their importance:

 

  •  

long-term equity awards in the form of RSUs under the shareholder-approved Employee Stock Plan;

 

  •  

annual performance-based cash incentives under the shareholder-approved Performance Bonus Plan (the CEO, however, does not participate in this plan and is not eligible for performance-based cash incentives); and

 

  •  

base salary.

The named executive officers are also eligible to participate in the Company’s health and welfare programs, Employee Stock Purchase Plan, 401(k) Plan, patent bonus program and other minor employee recognition programs on the same basis as other employees.

EXCERPTS ON THIS PAGE:

DEF 14A
Jan 7, 2009
DEF 14A
Jan 23, 2008

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