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This excerpt taken from the AAPL 10-Q filed May 4, 2005. Offering Dates. The Plan shall be implemented by one offering
during each six-month period of the Plan, commencing on or about
January 1, 1981 and continuing thereafter until terminated in accordance
with Section 19 hereof. The Board of Directors of the Company shall have
the power to change the duration of offering periods with respect to future
offerings without shareholder approval if such change is announced at least
fifteen (15) days prior to the scheduled beginning of the first offering
period to be affected.
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