Apple 1999 Annual Report Download - page 107

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10. WITHDRAWAL; TERMINATION OF EMPLOYMENT.
(a) A participant may withdraw all but not less than all the payroll deductions credited to his or her account under the Plan at any time prior to
the end of the offering period by giving written notice to the Company. All of the participant's payroll deductions credited to his or her account
will be paid to him or her promptly after receipt of his or her notice of withdrawal and his or her option for the current period will be
automatically terminated, and no further payroll deductions for the purchase of shares will be made during the offering period.
(b) Upon termination of the participant's employment prior to the end of the offering period for any reason, including retirement or death, the
payroll deductions credited to his or her account will be returned to him or her or, in the case of his or her death, to the person or persons
entitled thereto under Section 14, and his or her option will be automatically terminated.
(c) In the event an Employee fails to remain in the continuous employ of the Company or one of its Designated Subsidiaries for at least twenty
(20) hours per week during the offering period in which the employee is a participant, he or she will be deemed to have elected to withdraw
from the Plan and the payroll deductions credited to his or her account will be returned to him or her and his or her option terminated.
(d) Except as provided in Section 3(a) with respect to Section 16 Persons, a participant's withdrawal from an offering will not have any effect
upon his or her eligibility to participate in a succeeding offering or in any similar plan which may hereafter be adopted by the Company.
However, a new subscription agreement will have to be filed in such case.
11. NO INTEREST. No interest shall accrue on the payroll deductions of a participant in the Plan.
12. STOCK.
(a) The maximum number of shares of the Company's Common Stock which shall be made available for sale under the Plan shall be fifteen
million (15,000,000) shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18. The shares to be
sold to participants under the Plan may, at the election of the Company, be either treasury shares or shares authorized but unissued. If at the
termination of any offering period the total number of shares which would otherwise be subject to options granted pursuant to Section 7(a)
hereof exceeds the number of shares then available under the Plan (after deduction of all shares for which options have been exercised or are
then outstanding), the Company shall promptly notify the participants, and shall, in its sole discretion (i) make a pro rata allocation of the
shares remaining available for option grant in as uniform a manner as shall be practicable and as it shall determine to be equitable, (ii)
terminate the offering period without issuance of any shares or (iii) obtain shareholder approval of an increase in the number of shares
authorized under the Plan such that all options could be
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