Apple 2003 Annual Report Download - page 122

Download and view the complete annual report

Please find page 122 of the 2003 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

authorized to purchase is an Exhibit 4 Product either in an Attachment to this Term Sheet or in a written notice.
1.6 “Plant” means the IBM-Related Company described in Section 2.5.
1.7 “PowerPC Product” means a stand-alone microprocessor Product based on the PowerPC Architecture.
1.8 “Product” means production units to be sold or purchased under the Agreement, including the Exhibit 4 Products. Products may be
“standard” (available for purchase by one or more customers other than Apple) or “custom” (resulting from IBM performing Services for
Apple under this Agreement and not available for IBM’s own use (other than ordinary manufacturing activities) or for purchase by any other
customer). Standard Products may include, but not necessarily be limited to, PowerPC Products and SRAM Products. Custom Products may
include, but not necessarily be limited to, PowerPC Products and ASIC Products. Product shall be designated as “standard” or “custom” in the
Attachment to the Agreement applicable to such Product. Apple or IBM will advise Designee if a Product Designee is authorized to purchase
is a “custom” Product either in an Attachment to this Term Sheet or in a written notice. Products shall not include Prototypes.
1.9 “Purchase Order” means a written order containing the terms set forth in Section 3.2, below, issued by a Designee pursuant to the
Agreement.
1.10 “Purchase Order Lead Time” means the required minimum amount of time between IBM’s receipt of the Purchase Order and the
Scheduled Shipment Date. Purchase Order Lead Times will be established for each Product sold hereunder and shall be set forth in an
Attachment to the Agreement applicable to such Product. Apple or IBM will advise Designee of the Purchase Order Lead Time applicable to
the Product Designee is authorized to purchase either in an Attachment to this Term Sheet or in a written notice.
1.11 “Sales Acknowledgment” means a written sales acknowledgment or other acceptance document issued by IBM or its Plant in
response to a Purchase Order.
1.12 “Scheduled Shipment Date” means the scheduled date of shipment as specified on the Sales Acknowledgment and, if later
rescheduled by the Designee pursuant to Section 5.3, below, the rescheduled date.
1.13 “Service” means any design or engineering work that IBM performs pursuant to the Agreement.
1.14 “Term Sheet” means this document, including any Attachments attached to or referencing this Term Sheet.
[**] = information redacted pursuant to a confidential treatment request. Such omitted information has been filed
separately with the Securities and Exchange Commission.