Apple 2003 Annual Report Download - page 121

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Ex. 2: Term Sheet for Designees
Term Sheet for Designees
This Term Sheet for Designees sets forth the terms and conditions under which a Designee may purchase certain microelectronic products on
behalf of Apple Computer, Inc. under the Custom Sales Agreement between Apple Computer, Inc. (“Apple”) and International Business
Machines Corporation (“IBM”), Agreement No. 000451 (the “Agreement”).
1.0 DEFINITIONS
Capitalized terms in this Term Sheet have the following meanings. References in this Term Sheet to a gender include references to all genders,
and references to the singular include references to the plural, and vice versa. Unless the context otherwise requires, the term “party” means a
party to the Agreement, and not the Designee. The words “include”, “includes” and “including”, when used in this Term Sheet shall be
deemed to be followed by the phrase “without limitation.” Unless the context otherwise requires, references in this Term Sheet to sections,
exhibits, schedules, appendices and attachments shall be deemed references to sections of, and exhibits, schedules, appendices and attachments
to this Term Sheet. Unless the context otherwise requires, the word “or” shall be disjunctive and the words “hereof”, “hereby” and “herein”
and words of similar meaning when used in this Term Sheet shall refer to the Term Sheet in its entirety and not to any particular article, section
or provision of such Term Sheet. Unless the context otherwise requires, references to “IBM, and its Plant” shall be read to include “as the case
may be.”
1.1 “ASIC Products” means a custom Product that is an application specific integrated circuit.
1.2 “Attachment” means an exhibit, statement of work or other attachment to this Term Sheet or to the Agreement, as the case may be.
1.3 “Business Days” means a regularly scheduled day of work in the United States for both Apple and IBM.
1.4 “Designee” means an original equipment manufacturer, contract manufacturer or other third party engaged by Apple or an Apple-
Related Company to manufacture Apple-branded products or subassemblies for Apple-branded products and authorized by Apple, pursuant to
Section 2.4, below, to purchase Products and perform other tasks on Apple’s behalf.
1.5 “Exhibit 4 Products” means those Products identified as such in the Agreement or an Attachment thereto. Apple or IBM will advise
Designee whether a Product Designee is
[**] = information redacted pursuant to a confidential treatment request. Such omitted information has been filed
separately with the Securities and Exchange Commission.