To: Tony Fadell From: Dan Cooperman Date: November 3, 2008 Re: Transition AgreementSettlement Agreement and Release • January 23rd, 2009 • Apple Inc • Electronic computers
Apple has agreed to extend your employment through at least March 24, 2010 pursuant to the conditions of this Transition Agreement and attached Settlement Agreement and Release (the “Term”). This will allow you to continue to receive a salary and benefits as well as to vest in certain Restricted Stock Units as described below. We have agreed that you will immediately resign from your position as Senior Vice President, iPod, and as a member of the Apple Executive Team. In your new role as Special Advisor to Apple’s Chief Executive Officer, you shall provide such advice and other services concerning the business of Apple as may be reasonably requested by the Chief Executive Officer from time to time on a part time, but not a full time basis. During the Term, you will not be employed by or perform consulting services for any other entity absent Apple’s prior written consent.
APPLE INC. RESTRICTED STOCK UNIT AWARD AGREEMENT NOTICE OF GRANTRestricted Stock Unit Award Agreement • January 23rd, 2009 • Apple Inc • Electronic computers • California
This restricted stock unit award (the “Award”) is granted under and governed by the terms and conditions of the Apple Inc. 2003 Employee Stock Plan and the Terms and Conditions of Restricted Stock Unit Award, which are attached hereto and incorporated herein by reference.
