Apple 2002 Annual Report Download - page 83

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"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.
"Sixty-Day Period" shall have the meaning set forth in Section 12(f) of the Plan.
"Subsidiary" corporation has the meaning defined in Section 424(f) of the Code.
"Tax Date" shall have the meaning set forth in Section 9 of the Plan.
3. Stock Subject to the Plan.
(a) Limit. Subject to the provisions of Section 12 of the Plan, the maximum aggregate number of Shares which may be
optioned and sold under the Plan or for which SARs may be granted and exercised is 75,000,000 Shares (the " Section 3 Limit "). The
Shares may be authorized but unissued or reacquired Common Stock. In the discretion of the Administrator, any or all of the Shares
authorized under the Plan may be subject to SARs issued pursuant to the Plan.
12
(b)
Rules Applicable to the Calculation of the Section 3 Limit.
In calculating the number of Shares available for issuance