Apple 2014 Annual Report Download - page 104

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(c) arranging for the sale of Shares otherwise deliverable to the Participant (on the Participant’s behalf and at the Participant’s
direction pursuant to this authorization), including selling shares as part of a block trade with other Participants in the Plan; or
(d) withholding from the proceeds of the sale of Shares acquired upon vesting/settlement of the Award.
To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considerin
g
applicable
minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by
withholdin
g
a number of Shares as described herein, for tax purposes, the Participant is deemed to have been issued the full numbe
r
of Shares subject to the Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-
Related Items due as a result of any aspect of the Participant’s participation in the Plan. The Participant shall pay to the Company
and/or the Employer any amount of Tax-Related Items that the Company and/or the Employer may be required to withhold or account
for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company
may refuse to deliver to the Participant any Shares pursuant to the Participant’s Award if the Participant fails to comply with the
Participant’s obligations in connection with the Tax-Related Items as described in this Section.
12. Electronic Delivery and Acceptance. The Company may, in its sole discretion, deliver any documents related to the Award
by electronic means or request the Participant’s consent to participate in the Plan by electronic means. The Participant hereby
consents to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice
activated) system established and maintained by the Company or a third party vendor designated by the Company.
13. Data Privacy. The Participant acknowled
g
es and consents to the collection, use, processin
g
and transfer of personal data as
described in this Section 13. The Company, its related entities, and the Participant’s employer hold certain personal information about
the Participant, including the Participant’s name, home address and telephone number, date of birth, social security number or othe
r
employee identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all options o
r
any other entitlement to Shares awarded, canceled, purchased, vested, unvested or outstanding in the Participant’s favor, for the
purpose of managing and administering the Plan (“Data”). The Company and its related entities may transfer Data amon
g
st
themselves as necessary for the purpose of implementation, administration and management of the Participant’s participation in the
Plan, and the Company and its related entities may each further transfer Data to any third parties assistin
g
the Company or any such
related entity in the implementation, administration and mana
g
ement of the Plan. The Participant acknowled
g
es that the transferors
and transferees of such Data may be located anywhere in the world and hereby authorizes each of them to receive, possess, use,
retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Participant’s
participation in the Plan, includin
g
any transfer of such Data as may be required for the administration of the Plan and/or the
subsequent holding of Shares on the Participant’s behalf to a broker or to other third party with whom the Participant may elect to
deposit any Shares acquired under the Plan (whether pursuant to the Award or otherwise).
5