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AAPL » Topics » Effect of Amendment or Termination

These excerpts taken from the AAPL 10-Q filed May 4, 2005.
   Effect of Amendment or Termination.  Any such amendment or termination of the Plan shall not affect options already granted hereunder and such options shall remain in full force and effect as if this Plan had not been amended or terminated.

 

20.

   Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

 

20.        

EXCERPTS ON THIS PAGE:

10-Q (2 sections)
May 4, 2005

RELATED TOPICS for AAPL:

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