Apple has awarded former US vice president Al Gore with 30,000 stock options for joining its board, the company revealed yesterday.
The options carry an exercise price of $14.95. The company's stock stood at $14.14 yesterday. Gore was elected to the company's board on March 19.
Discussing the terms of the deal, Reuters says: "Gore, who celebrated his 55th birthday on Monday, could exercise options for 10,000 common shares in March 2004, another 10,000 in 2005 and the final 10,000 in 2006. The package expires in 2014."
The report also states: "While Apple said that Gore is now a Mac user, he was filmed repeatedly on the 2000 campaign trail tapping away on a Thinkpad notebook PC, made by IBM."