Apple 2007 Annual Report Download - page 156
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Please find page 156 of the 2007 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.-
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16. Limitation on Participant's Rights . Participation in the Plan confers no rights or interests other than as herein provided. This
Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust.
Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured
creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Stock Units, and rights no greater than
the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder.
17. Counterparts . This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed
an original but all of which together shall constitute one and the same instrument.
18. Section Headings .
The section headings of this Agreement are for convenience of reference only and shall not be deemed to alter
or affect any provision hereof.
19. Governing Law . This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
California without regard to conflict of law principles thereunder.
20. Construction . It is intended that the terms of the Award will not result in the imposition of any tax liability pursuant to
Section 409A of the Code. This Agreement shall be construed and interpreted consistent with that intent.
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