Apple 1999 Annual Report Download - page 112

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"DIRECTOR" means a member of the Board.
"EMPLOYEE" means any person, employed by and on the payroll of the Company, any Subsidiary or any Affiliated Company.
"EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.
"FAIR MARKET VALUE" means the value of Common Stock determined as follows:
(i) If the Common Stock is listed on any established stock exchange or a national market system (including without limitation the National
Market System of the National Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ") System), its Fair Market Value shall
be the closing sales price for such stock or the closing bid if no sales were reported, as quoted on such system or exchange (or the exchange
with the greatest volume of trading in the Common Stock) for the date of determination or, if the date of determination is not a trading day, the
immediately preceding trading day, as reported in THE WALL STREET JOURNAL or such other source as the Administrator deems reliable.
(ii) If the Common Stock is regularly quoted on the NASDAQ System (but not on the National Market System) or quoted by a recognized
securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high and low asked prices for the
Common Stock on the date of determination or, if there are no quoted prices on the date of determination, on the last day on which there are
quoted prices prior to the date of determination.
(iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the
Administrator.
"NONSTATUTORY STOCK OPTION" means an Option that is not intended to be an incentive stock option within the meaning of Section
422 of the Code.
"OFFICER" means any individual designated by the Board as an elected officer of the Company.
"OPTION" means an option granted pursuant to the Plan.
"OPTIONED STOCK" means the Common Stock subject to an Option or
SAR.
"OPTIONEE" means an Employee who receives an Option or SAR.
"PARENT" corporation shall have the meaning defined in Section 424(e) of the Code.
"PLAN" means this Apple Computer, Inc. 1997 Employee Stock Option Plan.
"SAR" means a stock appreciation right granted pursuant to Section 9 below.
"SECTION 3 LIMIT" shall have the meaning set forth in Section 3 of the Plan.
"SHARE" means a share of the Common Stock, as adjusted in accordance with Section 12 of the Plan.