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AAPL » Topics » Plan Amendment; Plan Termination.

This excerpt taken from the AAPL 8-K filed May 16, 2007.
   Plan Amendment; Plan Termination.   The Board may from time to time amend or terminate the Plan in any manner it deems necessary or advisable; provided, however, that no such action shall adversely affect any then outstanding and vested Options under the Plan unless such action is required to comply with Applicable Laws; and provided, further, that no such action of the Board shall be effective without the approval of the Company’s shareholders if such approval is required by Applicable Laws. Upon the termination of the Plan, any balance in a Participant’s Account shall be refunded to him or her as soon as practicable thereafter.

22.

This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007.
   Plan Amendment; Plan Termination.   The Board may from time to time amend or terminate the Plan in any manner it deems necessary or advisable; provided, however, that no such action shall adversely affect any then outstanding and vested Options under the Plan unless such action is required to comply with Applicable Laws; and provided, further, that no such action of the Board shall be effective without the approval of the Company’s shareholders if such approval is required by Applicable Laws. Upon the termination of the Plan, any balance in a Participant’s Account shall be refunded to him or her as soon as practicable thereafter.

22.

EXCERPTS ON THIS PAGE:

8-K
May 16, 2007
DEF 14A
Apr 16, 2007

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"Plan Amendment; Plan Termination." elsewhere:

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