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AAPL » Topics » Form of Payment

This excerpt taken from the AAPL 10-Q filed May 4, 2005.
   Form of Payment. The Company’s obligation arising upon the exercise of a SAR may be paid in Common Stock or in cash, or in any combination of Common Stock and cash, as the Administrator, in its sole discretion, may determine. Shares issued upon the exercise of a SAR shall be valued at their Fair Market Value as of the date of exercise.

 

(d)

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