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This excerpt taken from the AAPL 10-Q filed May 4, 2005. Legal Compliance. Shares shall not
be issued pursuant to the exercise or payout, as applicable, of an Award unless
the exercise or payout, as applicable, of such Award and the issuance
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and delivery of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance.
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