Apple Inc – ‘10-Q’ for 6/28/96 – EX-10

As of:  Monday, 8/12/96   ·   For:  6/28/96   ·   Accession #:  320193-96-18   ·   File #:  0-10030

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      24    131K 
 2: EX-10       Material Contract                                      6     27K 
 3: EX-10       Material Contract                                      5     22K 
 4: EX-10       Material Contract                                     13     72K 
 5: EX-10       Material Contract                                     16     73K 
 6: EX-10       Material Contract                                      5     22K 
 7: EX-10       Material Contract                                      2     11K 
 8: EX-10       Material Contract                                     11     40K 
 9: EX-10       Material Contract                                      2     10K 
10: EX-10       Material Contract                                     32    111K 
11: EX-11       Statement re: Computation of Earnings Per Share        2      8K 
12: EX-27       Art. 5 FDS for the Third Quarter of Fy96 Form 10-Q     2      8K 

EX-10   —   Material Contract

EX-10
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Exhibit 10.A.37                                                                 

May 1, 1996                                                                     

Jeanne Seeley                                                                   
27501 Black Mountain Road                                                       
Los Altos Hills, CA 94022                                                       

Re:     Employment                                                              

Dear Jeanne:                                                                    

           The following sets forth our agreement ("Letter Agreement")
regarding the terms and conditions of your employment, participation in Apple's 
Executive Severance Plan ("Plan") and special bonus upon the termination of     
your employment in accordance with this Letter Agreement.  This Letter          
Agreement supersedes the previous Letter Agreement in its entirety dated on or  
about January 12, 1996 between you and Apple.                                   

               Subject to the conditions of this Letter Agreement, Apple shall
designate you for participation in the Apple Computer, Inc. Executive Severance 
Plan on or about August 25, 1996 provided that Apple's Q3  books are closed and 
provided further that (1) you have not obtained or been offered another         
comparable position with the Apple or its affiliates, and (2) the termination   
of your employment was not the result of your voluntary resignation, except for 
a resignation for 'good cause" under the terms of the Plan, and (3) the         
decision to terminate your employment was not for "Business Reasons".           
"Business Reasons" shall mean that you are terminated for any of the following  
reasons: (i) engaging in unfair or unlawful competition with Apple; or (ii)     
inducing any customer of Apple to breach any contract with Apple; or (iii)      
making any unauthorized disclosure of or otherwise misusing any of the secrets  
or confidential information of Apple; or (iv) committing any act of             
embezzlement, fraud or material theft with respect to any Apple property; or    
(v) violating any Apple policy or guideline or the terms of this Letter         
Agreement; or (vi) causing material loss, damage or injury to or otherwise      
endangered the property, reputation or employees of Apple; or (vii)             
engaging in malfeasance, negligence or misconduct, or failing to perform        
reasonable duties and responsibilities consistent with your duties and          
responsibilities to Apple; or (viii) failure to act in accordance with          
specific, reasonable and lawful instructions from Apple's Chief Financial       
Officer.  To the extent practical, you agree to use accrued vacation time       
during the month of August.  Separate and apart from any benefits to which you  

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EX-10
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may be entitled under Apple's Executive Severance Plan, and subject to the      
employment termination conditions of this paragraph, Apple shall pay you a      
special bonus in the amount of one-hundred fifty thousand dollars ($150,000),   
ninety thousand dollars ($90,000) of which shall be paid to you on or before    
May 10, 1996, and the balance of sixty thousand dollars ($60,000) to be paid    
to you at the end of your employment with Apple.                                

      The terms and conditions of Apple's Executive Severance Plan in effect
at the time you are designated for participation in the Plan shall govern with  
respect to your eligibility for and level of benefits under the Plan.           

     If this letter sets forth our agreement on the subject matter hereof,
kindly sign and return to me the enclosed copy of this letter which will then   
constitute our agreement on this subject.                                       

Sincerely,                      

APPLE COMPUTER, INC.            

By /s/ Fred Anderson            
Fred Anderson   
        Executive Vice President
       Chief Financial Officer

By /s/ Kevin Sullivan           
Kevin Sullivan  
     Senior Vice President
Human Resources 

Agreed to as of this 2nd day of May, 1996                                       

/s/ Jeanne Seeley                                               
Jeanne Seeley                                             

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Dates Referenced Herein

				Referenced-On Page
This ‘10-Q’ Filing		Date		First		Last			Other Filings
		8/25/96		1					None on these Dates
Filed on:		8/12/96
For Period End:		6/28/96
		5/10/96		2
		5/1/96		1
		1/12/96		1
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