Apple 1997 Annual Report Download - page 139

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1
APPLE COMPUTER, INC.
1 INFINITE LOOP
CUPERTINO, CA 95014
May 1, 1997
Avie Tevanian
1 Infinite Loop
Cupertino, CA 95014
RETENTION AGREEMENT
Dear Avie:
Apple Computer, Inc., a California corporation (the "COMPANY"), considers it essential to the best interests of its stockholders to take
reasonable steps to retain key management personnel. Further, the Board of Directors of the Company (the "BOARD") recognizes that the
uncertainty and questions which might arise among management in the context of a change in control of the Company could result in the
departure or distraction of management personnel to the detriment of the Company and its stockholders.
The Board has determined, therefore, that appropriate steps should be taken to reinforce and encourage the continued attention and dedication
of members of the management of the Company and its subsidiaries, including yourself, to their assigned duties without distraction in the face
of potentially disturbing circumstances arising from any possible change in control of the Company.
In order to induce you to remain in the employ of the Company, the Company has determined to enter into this letter agreement (this
"AGREEMENT") which addresses the terms and conditions of your employment in the event of a change in control of the Company.
Capitalized words which are not otherwise defined herein shall have the meanings assigned to such words in Section 8 of this Agreement.
1. TERM OF EMPLOYMENT UNDER THE AGREEMENT. The term of your employment under this Agreement shall commence on the
Change in Control Date and shall continue until the second anniversary of the Change in Control Date (the "TERM").
2. EMPLOYMENT DURING THE TERM. During the Term, the following terms and conditions shall apply to your employment with the
Company: