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This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007. Participation
in an Offering. Shares are currently offered
under the Purchase Plan through consecutive offering periods of approximately
six months that generally begin with the first business day of the second and
fourth fiscal quarter of each year. To participate in the Purchase Plan,
eligible employees must authorize payroll deductions in whole percentages up to
ten percent (10%) of eligible earnings, including, base salary, overtime pay,
and commissions. Once an employee becomes a participant in the Purchase Plan,
the employee will automatically participate in each successive offering period
until such time as the employee withdraws from or is no longer eligible to
participate in the Purchase Plan.
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