Apple 1994 Annual Report Download - page 63

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(EXHIBIT 10.A.7)
FY94 SENIOR / EXECUTIVE BONUS PLAN
UNITED STATES
PURPOSE
The purpose of the Senior/Executive Bonus Plan "The Plan" is to focus the efforts of Senior Management toward predetermined, specific goals
and objectives which are of critical importance to the success of the organization.
The program specifically:
- --encourages participants to achieve outstanding results toward company objectives;
- --strengthens the ability of the organization to attract and retain high caliber, keymanagement personnel; and
- --provides a leveraged compensation program that is based on performance towards objectives, with superior performance resulting in
aggressive compensation levels.
ELIGIBILITY
- --Chief Executive Officer
- --Vice Presidents
- --Division Presidents
- --Senior Directors
- --General Managers
- --Directors
- --Senior Vice Presidents
Full year participants in the Senior/Executive Bonus Plan may not participate in other bonus plans without the approval of the Chief Executive
Officer. However, nominal gift certificates and awards are acceptable (less than $500).
BONUS GUIDELINES
Bonus targets for eligible participants in the Senior/Executive Bonus plan will be set individually and expressed as a percent of base salary as
of 10/1/93 according to salary grade. If an individual's salary grade changes during the year, the bonus target may be adjusted on a prorated
basis (see Administrative Procedures). Bonuses will be calculated after the end of FY'94 once the financial results have been finalized. No
payments will be made before the results are officially announced.
COMPANY PERFORMANCE MEASUREMENTS
The bonus payout amounts after the close of the fiscal year will be based on Company Performance Measurements which are:
- -- Corporate Performance Measurements and
- -- Division Performance Measurements.
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