Apple 2014 Annual Report Download - page 107

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PERFORMANCE AWARD
EXHIBIT A
PERFORMANCE VESTING REQUIREMENTS
The Stock Units (and related Dividend Equivalent Ri
g
hts) subject to the Award that will vest on the Vestin
g
Date will be determined
based on the Company’s relative total shareholder return (“TSR”) Percentile for the Performance Period.
The percenta
g
e of the Stock Units (and related Dividend Equivalent Ri
g
hts) that vest on the Vestin
g
Date will be determined as
follows:
For TSR Percentile performance for the Performance Period between the levels indicated above, the portion of the Stock Units that
will vest on the Vestin
g
Date will be determined on a strai
g
ht-line basis (i.e., linearly interpolated) between the two nearest vestin
g
percentages indicated above.
Notwithstanding the foregoing, if the Company’s TSR for the Performance Period is ne
g
ative, in no event shall more than one
hundred percent (100%) of the target Stock Units vest.
The number of Stock Units that vest on the Vestin
g
Date will be rounded to the nearest whole unit, and the balance of the Stock
Units will not vest and will terminate on that Vesting Date.
For purposes of the Award, the following definitions will apply:
A-1
• If the Company’s TSR Percentile for the Performance Period is at the [ ] ([ ]) percentile or
g
reater, [ ]
([ ]%) of the target Stock Units will vest on the Vesting Date.
• If the Company’s TSR Percentile for the Performance Period is at the [ ] ([ ]) percentile, [ ]
([ ]%) of the target Stock Units will vest on the Vesting Date.
• If the Company’s TSR Percentile for the Performance Period is at the [ ] ([ ]) percentile, [ ]
([ ]%) of the target Stock Units will vest on the Vesting Date.
• If the Company’s TSR Percentile for the Performance Period is below the [ ] ([ ]) percentile, [ ]
([ ]%) of the Stock Units will vest on the Vesting Date.
• “TSR Percentile” means the percentile ranking of the Company’s TSR amon
g
the TSRs for the Comparison Group
members for the Performance Period. In determining the Company’s TSR Percentile for the Performance Period, in the
event that the Company’s TSR for the Performance Period is equal to the TSR(s) of one or more other Comparison
Group members for that same period, the Company’s TSR Percentile rankin
g
will be determined by rankin
g
the
Company’s TSR for that period as being greater than such other Comparison Group members.