AAPL » Topics » Performance-Based Cash Bonus Awards

This excerpt taken from the AAPL DEF 14A filed Jan 12, 2010.

Performance-Based Cash Bonus Awards

The Company’s 2009 performance exceeded the maximum goals for adjusted sales and adjusted operating income established by the Compensation Committee for the bonus program. As a result, the named executive officers earned payouts equal to 100% of their base salaries, pursuant to the table entitled “Percentage of Base Salary Payable as Performance-Based Cash Bonus Award” above. As noted above, Mr. Jobs does not participate in the bonus program. The table below shows each named executive officer’s performance-based cash bonus award for 2009.

 

Executive

   2009 Bonus Award

Timothy D. Cook

   $ 800,000

Peter Oppenheimer

   $ 700,000

Robert Mansfield

   $ 600,000

Scott Forstall

   $ 600,000

 

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