Document:

<PAGE>

                                                                    Exhibit 10.7

                               APOLLO GROUP, INC.

                              AMENDED AND RESTATED

                            2000 STOCK INCENTIVE PLAN

                                    ARTICLE 1

                                     PURPOSE

      1.1 GENERAL. The Apollo Group, Inc. 2000 Stock Incentive Plan (the "Plan")
was previously approved by the Board and the Company's shareholders. The Plan is
amended and restated to delete references to University of Phoenix Online common
stock and to make other corresponding changes to reflect the Company's decisions
to convert shares of University of Phoenix Online common stock to shares of
Apollo Education Group Class A Common Stock. The Plan's purpose is to promote
the success and enhance the value of Apollo Group, Inc. (the "Company") by
linking the personal interests of its directors, employees, officers, and
executives of, and consultants and advisors to, the Company to those of Company
shareholders and by providing such individuals with an incentive for outstanding
performance in order to generate superior returns to shareholders of the
Company. The Plan is further intended to provide flexibility to the Company in
its ability to motivate, attract, and retain the services of directors,
employees, officers, and executives of, and consultants and advisors to, the
Company upon whose judgment, interest, and special effort the successful conduct
of the Company's operation is largely dependent.

                                    ARTICLE 2

                                 EFFECTIVE DATE

      2.1 EFFECTIVE DATE. The Plan was originally effective as of August 29,
2000 (the "Effective Date"). The effective date of the amended and restated Plan
is August 28, 2004.

                                    ARTICLE 3

                          DEFINITIONS AND CONSTRUCTION

      3.1 DEFINITIONS. When a word or phrase appears in this Plan with the
initial letter capitalized, and the word or phrase does not commence a sentence,
the word or phrase shall generally be given the meaning ascribed to it in this
Section or in Sections 1.1 or 2.1 unless a clearly different meaning is required
by the context. The following words and phrases shall have the following
meanings:

            (a) "Award" means any Option, Stock Appreciation Right, Restricted
Stock Award, Performance Share Award, or Performance-Based Award granted to a
Participant under the Plan.

<PAGE>

            (b) "Award Agreement" means any written agreement, contract, or
other instrument or document evidencing an Award.

            (c) "Board" means the Board of Directors of the Company.

            (d) "Cause" means (except as otherwise provided in an Award
Agreement) if the Committee, in its reasonable and good faith discretion,
determines that the employee, consultant, or advisor (i) fails to substantially
perform his duties (other than as a result of Disability), after the Board or
the executive to which the Participant reports delivers to the Participant a
written demand for substantial performance that specifically identifies the
manner in which the Participant has not substantially performed his duties; (ii)
engages in willful misconduct or gross negligence that is materially injurious
to the Company or a Subsidiary; (iii) breaches his duty of loyalty to the
Company or a Subsidiary; (iv) unauthorized removal from the premises of the
Company or a Subsidiary of a document (of any media or form) relating to the
Company or a Subsidiary or the customers of the Company or a Subsidiary; or (v)
has committed a felony or a serious crime involving moral turpitude.

            (e) "Change of Control" means and includes each of the following
(except as otherwise provided in an Award Agreement):

                  (1) there shall be consummated any consolidation or merger of
the Company in which the Company is not the continuing or surviving entity, or
pursuant to which Stock would be converted into cash, securities or other
property, other than a merger of the Company in which the holders of the
Company's Stock immediately prior to the merger have the same proportionate
ownership of beneficial interest of common stock or interests of the surviving
entity immediately after the merger;

                  (2) there shall be consummated any sale, lease, exchange or
other transfer (in one transaction or a series of related transactions) of
assets aggregating more than 80% of the assets of the Company;

                  (3) the shareholders of the Company shall approve any plan or
proposal for liquidation or dissolution of the Company;

                  (4) any person (as such term is used in Section 13(d) and
14(d)(2) of the Exchange Act), other than (A) an employee benefit plan of the
Company or any Subsidiary or any entity holding shares of capital stock of the
Company for or pursuant to the terms of any such employee benefit plan in its
role as an agent or trustee for such plan, or (B) any affiliate of the Company
as of the Effective Date becomes the beneficial owner (within the meaning of
Rule 13d-3 under the Exchange Act) of 50% or more of the Stock; or

                  (5) during any two-year period, individuals who at the
beginning of the period do not constitute a majority of the Board at the end of
such period, unless the appointment or the nomination for election by the
Company's shareholders of each new director was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the
beginning of the period.

            (f) "Code" means the Internal Revenue Code of 1986, as amended.

                                       2
<PAGE>

            (g) "Committee" means the committee of the Board described in
Article 4.

            (h) "Covered Employee" means an Employee who is a "covered employee"
within the meaning of Section 162(m) of the Code.

            (i) "Disability" shall mean any illness or other physical or mental
condition of a Participant which renders the Participant incapable of performing
his customary and usual duties for the Company, or any medically determinable
illness or other physical or mental condition resulting from a bodily injury,
disease, or mental disorder that in the judgment of the Committee is permanent
and continuous in nature. The Committee may require such medical or other
evidence as it deems necessary to judge the nature and permanency of the
Participant's condition.

            (j) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

            (k) "Fair Market Value" means, as of any given date, the fair market
value of Stock on a particular date determined by such methods or procedures as
may be established from time to time by the Committee. Unless otherwise
determined by the Committee, the Fair Market Value of Stock as of any date shall
be the closing price for the Stock as reported on The Nasdaq National Market
System (or on any national securities exchange on which the Stock is then
listed) for that date or, if no closing price is reported for that date, the
closing price on the next preceding date for which a closing price was reported.

            (l) "Incentive Stock Option" means an Option that is intended to
meet the requirements of Section 422 of the Code or any successor provision
thereto.

            (m) "Non-Employee Director" means a member of the Board who
qualifies as a "NonEmployee Director" as defined in Rule 16b-3 (b)(3) of the
Exchange Act, or any successor definition adopted by the Board.

            (n) "Non-Qualified Stock Option" means an Option that is not
intended to be an Incentive Stock Option.

            (o) "Option" means a right granted to a Participant under Article 7
of the Plan to purchase Stock at a specified price during specified time
periods. An Option may be either an Incentive Stock Option or a Non-Qualified
Stock Option.

            (p) "Participant" means a person who, as a director, employee,
officer, or executive of, or consultant or advisor providing services to, the
Company or any Subsidiary, has been granted an Award under the Plan.

            (q) "Performance-Based Awards" means the Performance Share Awards
and Restricted Stock Awards granted to selected Covered Employees pursuant to
Articles 9 and 10, but which are subject to the terms and conditions set forth
in Article 11. All Performance-Based Awards are intended to qualify as
"performance-based compensation" under Section 162(m) of the Code.

                                       3
<PAGE>

            (r) "Performance Criteria" means the criteria that the Committee
selects for purposes of establishing the Performance Goals for a Participant for
a Performance Period. The Performance Criteria that will be used to establish
Performance Goals are limited to the following: pre- or after-tax net earnings,
sales growth, operating earnings, operating cash flows, return on net assets,
return on stockholders' equity, return on assets, return on capital, Stock price
growth, stockholder returns, gross or net profit margin, earnings per share,
price per share of Stock, and market share, any of which may be measured either
in absolute terms or as compared to any incremental increase or as compared to
results of a peer group. The Committee shall, within the time prescribed by
Section 162(m) of the Code, define in an objective fashion the manner of
calculating the Performance Criteria it selects to use for such Performance
Period for such Participant.

            (s) "Performance Goals" means, for a Performance Period, the goals
established in writing by the Committee for the Performance Period based upon
the Performance Criteria. Depending on the Performance Criteria used to
establish such Performance Goals the Performance Goals may be expressed in terms
of overall Company performance or the performance of a division, business unit,
or an individual. The Committee, in its discretion, may, within the time
prescribed by Section 162(m) of the Code, adjust or modify the calculation of
Performance Goals for such Performance Period in order to prevent the dilution
or enlargement of the rights of Participants (i) in the event of, or in
anticipation of, any unusual or extraordinary corporate item, transaction,
event, or development, or (ii) in recognition of, or in anticipation of, any
other unusual or nonrecurring events affecting the Company, or the financial
statements of the Company, or in response to, or in anticipation of, changes in
applicable laws, regulations, accounting principles, or business conditions.

            (t) "Performance Period" means the one or more periods of time,
which may be of varying and overlapping durations, as the Committee may select,
over which the attainment of one or more Performance Goals will be measured for
the purpose of determining a Participant's right to, and the payment of, a
Performance-Based Award.

            (u) "Performance Share" means a right granted to a Participant under
Article 9, to receive cash, Stock, or other Awards, the payment of which is
contingent upon achieving certain Performance Goals established by the
Committee.

            (v) "Plan" means the Apollo Group, Inc. 2000 Stock Incentive Plan,
as amended.

            (w) "Restricted Stock Award" means Stock granted to a Participant
under Article 10 that is subject to certain restrictions and to risk of
forfeiture.

            (x) "Stock" means Apollo Education Group Class A common stock and
such other securities of the Company that may be substituted for such stock,
pursuant to Article 13.

            (y) "Stock Appreciation Right" or "SAR" means a right granted to a
Participant under Article 8 to receive a payment equal to the difference between
the Fair Market Value of a share of Stock as of the date of exercise of the SAR
over the grant price of the SAR, all as determined pursuant to Article 8.

                                       4
<PAGE>

            (z) "Subsidiary" means any corporation or other entity of which a
majority of the outstanding voting stock or voting power is beneficially owned
directly or indirectly by the Company.

                                    ARTICLE 4

                                 ADMINISTRATION

      4.1 COMMITTEE. The Plan shall be administered by the Board or a Committee
appointed by, and which serves at the discretion of, the Board. If the Board
appoints a Committee, the Committee shall consist of at least two individuals,
each of whom qualifies as (i) a Non-Employee Director, and (ii) an "outside
director" under Code Section 162(m) and the regulations issued thereunder.
Reference to the Committee shall refer to the Board if the Board does not
appoint a Committee. In addition to the foregoing, however, the President and
the Chief Executive Officer (acting jointly if such offices are held by two
persons) of the Company shall have the authority (i) to grant Awards to
individuals who are not subject to Section 16 of the Exchange Act and (ii) to
grant Awards to employees of the Company or a Subsidiary other than themselves
who are subject to Section 16 of the Exchange Act on the condition that such
Awards be held for a period of six months following the date of grant. When the
President and Chief Executive Officer act to grant Awards under this Plan,
solely for purposes of this Plan, the President and Chief Executive Officer
shall be deemed to be acting as the Committee.

      4.2 ACTION BY THE COMMITTEE. A majority of the Committee shall constitute
a quorum. The acts of a majority of the members present at any meeting at which
a quorum is present, and acts approved in writing by a majority of the Committee
in lieu of a meeting, shall be deemed the acts of the Committee. Each member of
the Committee is entitled to, in good faith, rely or act upon any report or
other information furnished to that member by any officer or other employee of
the Company or any Subsidiary, the Company's independent certified public
accountants, or any executive compensation consultant or other professional
retained by the Company to assist in the administration of the Plan.

      4.3 AUTHORITY OF COMMITTEE. Subject to any specific designation in the
Plan, the Committee has the exclusive power, authority and discretion to:

            (a) Designate Participants to receive Awards;

            (b) Determine the type or types of Awards to be granted to each
Participant;

            (c) Determine the number of Awards to be granted and the number of
shares of Stock to which an Award will relate;

            (d) Determine the terms and conditions of any Award granted under
the Plan including but not limited to, the exercise price, grant price, or
purchase price, any restrictions or limitations on the Award, any schedule for
lapse of forfeiture restrictions or restrictions on the exercisability of an
Award, and accelerations or waivers thereof, based in each case on such
considerations as the Committee in its sole discretion determines; provided,
however, that the Committee shall not have the authority to accelerate the
vesting or waive the forfeiture of any Performance-Based Awards;

                                       5
<PAGE>

            (e) Amend, modify, or terminate any outstanding Award, with the
Participant's consent unless the Committee has the authority to amend, modify,
or terminate an Award without the Participant's consent under any other
provision of the Plan.

            (f) Determine whether, to what extent, and under what circumstances
an Award may be settled in, or the exercise price of an Award may be paid in,
cash, Stock, other Awards, or other property, or an Award may be canceled,
forfeited, or surrendered;

            (g) Prescribe the form of each Award Agreement, which need not be
identical for each Participant;

            (h) Decide all other matters that must be determined in connection
with an Award;

            (i) Establish, adopt, or revise any rules and regulations as it may
deem necessary or advisable to administer the Plan; and

            (j) Make all other decisions and determinations that may be required
under the Plan or as the Committee deems necessary or advisable to administer
the Plan.

      4.4 DECISIONS BINDING. The Committee's interpretation of the Plan, any
Awards granted under the Plan, any Award Agreement and all decisions and
determinations by the Committee with respect to the Plan are final, binding, and
conclusive on all parties.

                                    ARTICLE 5

                           SHARES SUBJECT TO THE PLAN

      5.1 NUMBER OF SHARES. Subject to adjustment as provided in Section 13.1,
the aggregate number of shares of Stock reserved and available for grant under
the Plan shall be 14,079,228 (which number takes into account all stock splits
from the Effective Date through August 28, 2004 and after the conversion of the
University of Phoenix Online common stock into the Stock).

      5.2 LAPSED AWARDS. To the extent that an Award terminates, expires, or
lapses for any reason, any shares of Stock subject to the Award will again be
available for the grant of an Award under the Plan.

      5.3 STOCK DISTRIBUTED. Any Stock distributed pursuant to an Award may
consist, in whole or in part, of authorized and unissued Stock, treasury Stock
or Stock purchased on the open market.

      5.4 LIMITATION ON NUMBER OF SHARES SUBJECT TO AWARDS. Notwithstanding any
provision in the Plan to the contrary, and subject to the adjustment in Section
13.1, the maximum aggregate number of shares of Stock with respect to one or
more Awards that may be granted to any one Participant during the Company's
fiscal year shall be one million (1,000,000).

                                       6
<PAGE>

                                    ARTICLE 6

                          ELIGIBILITY AND PARTICIPATION

      6.1 ELIGIBILITY.

            (a) GENERAL. Persons eligible to participate in this Plan include
all directors, employees, officers, and executives of, and consultants and
advisors to, the Company or a Subsidiary, as determined by the Committee.

            (b) FOREIGN PARTICIPANTS. In order to assure the viability of Awards
granted to Participants employed in foreign countries, the Committee may provide
for such special terms as it may consider necessary or appropriate to
accommodate differences in local law, tax policy, or custom. Moreover, the
Committee may approve such supplements to, or amendments, restatements, or
alternative versions of the Plan as it may consider necessary or appropriate for
such purposes without thereby affecting the terms of the Plan as in effect for
any other purpose; provided, however, that no such supplements, amendments,
restatements, or alternative versions shall increase the share limitations
contained in Section 5.1 of the Plan.

      6.2 ACTUAL PARTICIPATION. Subject to the provisions of the Plan, the
Committee may, from time to time, select from among all eligible individuals,
those to whom Awards shall be granted and shall determine the nature and amount
of each Award. No individual shall have any right to be granted an Award under
this Plan.

                                    ARTICLE 7

                                  STOCK OPTIONS

      7.1 GENERAL. The Committee is authorized to grant Options to Participants
on the following terms and conditions:

            (a) EXERCISE PRICE. The exercise price per share of Stock under an
Option shall be determined by the Committee and set forth in the Award
Agreement. It is the intention under the Plan that the exercise price for any
Option shall not be less than the Fair Market Value as of the date of grant;
provided, however that the Committee may, in its discretion, grant Options
(other than Options that are intended to be Incentive Stock Options or Options
that are intended to qualify as performance-based compensation under Code
Section 162(m)) with an exercise price of less than Fair Market Value on the
date of grant.

            (b) TIME AND CONDITIONS OF EXERCISE. The Committee shall determine
the time or times at which an Option may be exercised in whole or in part. The
Committee shall also determine the performance or other conditions, if any, that
must be satisfied before all or part of an Option may be exercised. Unless
otherwise provided in an Award Agreement, an Option will lapse immediately if a
Participant's employment or services are terminated for Cause.

            (c) PAYMENT. The Committee shall determine the methods by which the
exercise price of an Option may be paid, the form of payment, including, without
limitation,

                                       7
<PAGE>

cash, promissory note, shares of Stock (through actual tender or by
attestation), or other property (including broker-assisted "cashless exercise"
arrangements), and the methods by which shares of Stock shall be delivered or
deemed to be delivered to Participants.

            (d) EVIDENCE OF GRANT. All Options shall be evidenced by a written
Award Agreement between the Company and the Participant. The Award Agreement
shall include such additional provisions as may be specified by the Committee.

      7.2 INCENTIVE STOCK OPTIONS. Incentive Stock Options shall be granted only
to employees and the terms of any Incentive Stock Options granted under the Plan
must comply with the following additional rules:

            (a) EXERCISE PRICE. The exercise price per share of Stock shall be
set by the Committee, provided that the exercise price for any Incentive Stock
Option may not be less than the Fair Market Value as of the date of the grant.

            (b) EXERCISE. In no event may any Incentive Stock Option be
exercisable for more than ten years from the date of its grant.

            (c) LAPSE OF OPTION. An Incentive Stock Option shall lapse under the
following circumstances.

                  (1) The Incentive Stock Option shall lapse ten years from the
date it is granted, unless an earlier time is set in the Award Agreement.

                  (2) The Incentive Stock Option shall lapse upon termination of
employment for Cause or for any other reason, other than the Participant's death
or Disability, unless otherwise provided in the Award Agreement.

                  (3) If the Participant terminates employment on account of
Disability or death before the Option lapses pursuant to paragraph (1) or (2)
above, the Incentive Stock Option shall lapse, unless it is previously
exercised, on the earlier of (i) the date on which the Option would have lapsed
had the Participant not become Disabled or lived and had his employment status
(i.e., whether the Participant was employed by the Company on the date of his
Disability or death or had previously terminated employment) remained unchanged;
or (ii) 12 months after the date of the Participant's termination of employment
on account of Disability or death. Upon the Participant's Disability or death,
any Incentive Stock Options exercisable at the Participant's Disability or death
may be exercised by the Participant's legal representative or representatives,
by the person or persons entitled to do so under the Participant's last will and
testament, or, if the Participant fails to make testamentary disposition of such
Incentive Stock Option or dies intestate, by the person or persons entitled to
receive the Incentive Stock Option under the applicable laws of descent and
distribution.

            (d) INDIVIDUAL DOLLAR LIMITATION. The aggregate Fair Market Value
(determined as of the time an Award is made) of all shares of Stock with respect
to which Incentive Stock Options are first exercisable by a Participant in any
calendar year may not exceed $100,000.00 or such other limitation as imposed by
Section 422(d) of the Code, or any successor provision. To the extent that
Incentive Stock Options are first exercisable by a

                                       8
<PAGE>

Participant in excess of such limitation, the excess shall be considered
Non-Qualified Stock Options.

            (e) TEN PERCENT OWNERS. An Incentive Stock Option shall be granted
to any individual who, at the date of grant, owns stock possessing more than ten
percent of the total combined voting power of all classes of Stock of the
Company only if such Option is granted at a price that is not less than 110% of
Fair Market Value on the date of grant and the Option is exercisable for no more
than five years from the date of grant.

            (f) EXPIRATION OF INCENTIVE STOCK OPTIONS. No Award of an Incentive
Stock Option may be made pursuant to this Plan after the tenth anniversary of
the Effective Date.

            (g) RIGHT TO EXERCISE. During a Participant's lifetime, an Incentive
Stock Option may be exercised only by the Participant.

                                    ARTICLE 8

                            STOCK APPRECIATION RIGHTS

      8.1 GRANT OF SARS. The Committee is authorized to grant SARs to
Participants on the following terms and conditions:

            (a) RIGHT TO PAYMENT. Upon the exercise of a Stock Appreciation
Right, the Participant to whom it is granted has the right to receive the
excess, if any, of:

                  (1) The Fair Market Value of a share of Stock on the date of
exercise; over

                  (2) The grant price of the Stock Appreciation Right as
determined by the Committee, which shall not be less than the Fair Market Value
of a share of Stock on the date of grant in the case of any SAR related to any
Incentive Stock Option.

            (b) OTHER TERMS. All awards of Stock Appreciation Rights shall be
evidenced by an Award Agreement. The terms, methods of exercise, methods of
settlement, form of consideration payable in settlement, and any other terms and
conditions of any Stock Appreciation Right shall be determined by the Committee
at the time of the grant of the Award and shall be reflected in the Award
Agreement.

                                    ARTICLE 9

                               PERFORMANCE SHARES

      9.1 GRANT OF PERFORMANCE SHARES. The Committee is authorized to grant
Performance Shares to Participants on such terms and conditions as may be
selected by the Committee. The Committee shall have the complete discretion to
determine the number of Performance Shares granted to each Participant. All
Awards of Performance Shares shall be evidenced by an Award Agreement.

                                       9
<PAGE>

      9.2 RIGHT TO PAYMENT. A grant of Performance Shares gives the Participant
rights, valued as determined by the Committee, and payable to, or exercisable
by, the Participant to whom the Performance Shares are granted, in whole or in
part, as the Committee shall establish at grant or thereafter. The Committee
shall set performance goals and other terms or conditions to payment of the
Performance Shares in its discretion which, depending on the extent to which
they are met, will determine the number and value of Performance Shares that
will be paid to the Participant.

      9.3 OTHER TERMS. Performance Shares may be payable in cash, Stock, or
other property, and have such other terms and conditions as determined by the
Committee and reflected in the Award Agreement.

                                   ARTICLE 10

                             RESTRICTED STOCK AWARDS

      10.1 GRANT OF RESTRICTED STOCK. The Committee is authorized to make Awards
of Restricted Stock to Participants in such amounts and subject to such terms
and conditions as determined by the Committee. All Awards of Restricted Stock
shall be evidenced by a Restricted Stock Award Agreement.

      10.2 ISSUANCE AND RESTRICTIONS. Restricted Stock shall be subject to such
restrictions on transferability and other restrictions as the Committee may
impose (including, without limitation, limitations on the right to vote
Restricted Stock or the right to receive dividends on the Restricted Stock).
These restrictions may lapse separately or in combination at such times, under
such circumstances, in such installments, or otherwise, as the Committee
determines at the time of the grant of the Award or thereafter.

      10.3 FORFEITURE. Except as otherwise determined by the Committee at the
time of the grant of the Award or thereafter, upon termination of employment
during the applicable restriction period, Restricted Stock that is at that time
subject to restrictions shall be forfeited, provided, however, that the
Committee may provide in any Restricted Stock Award Agreement that restrictions
or forfeiture conditions relating to Restricted Stock will be waived in whole or
in part in the event of terminations resulting from specified causes, and the
Committee may in other cases waive in whole or in part restrictions or
forfeiture conditions relating to Restricted Stock.

      10.4 CERTIFICATES FOR RESTRICTED STOCK. Restricted Stock granted under the
Plan may be evidenced in such manner as the Committee shall determine, if
certificates representing shares of Restricted Stock are registered in the name
of the Participant, certificates must bear an appropriate legend referring to
the terms, conditions, and restrictions applicable to such Restricted Stock, and
the Company may, at its discretion, retain physical possession of the
certificate until such time as all applicable restrictions lapse.

                                       10
<PAGE>

                                   ARTICLE 11

                            PERFORMANCE-BASED AWARDS

      11.1 PURPOSE. The purpose of this Article 11 is to provide the Committee
the ability to qualify the Performance Share Awards under Article 9 and the
Restricted Stock Awards under Article 10 as "performance-based compensation"
under Section 162(m) of the Code. If the Committee, in its discretion, decides
to grant a Performance-Based Award to a Covered Employee, the provisions of this
Article 11 shall control over any contrary provision contained in Articles 9 or
10.

      11.2 APPLICABILITY. This Article 11 shall apply only to those Covered
Employees selected by the Committee to receive Performance-Based Awards. The
Committee may, in its discretion, grant Restricted Stock Awards or Performance
Share Awards to Covered Employees that do not satisfy the requirements of this
Article 11. The designation of a Covered Employee as a Participant for a
Performance Period shall not in any manner entitle the Participant to receive an
Award for the period. Moreover, designation of a Covered Employee as a
Participant for a particular Performance Period shall not require designation of
such Covered Employee as a Participant in any subsequent Performance Period and
designation of one Covered Employee as a Participant shall not require
designation of any other Covered Employees as a Participant in such period or in
any other period.

      11.3 DISCRETION OF COMMITTEE WITH RESPECT TO PERFORMANCE AWARDS. With
regard to a particular Performance Period, the Committee shall have full
discretion to select the length of such Performance Period, the type of
Performance-Based Awards to be issued, the kind and/or level of the Performance
Goal, and whether the Performance Goal is to apply to the Company, a Subsidiary
or any division or business unit thereof.

      11.4 PAYMENT OF PERFORMANCE AWARDS. Unless otherwise provided in the
relevant Award Agreement, a Participant must be employed by the Company or a
Subsidiary on the last day of the Performance Period to be eligible for a
Performance Award for such Performance Period. Furthermore, a Participant shall
be eligible to receive payment under a Performance-Based Award for a Performance
Period only if the Performance Goals for such period are achieved. In
determining the actual size of an individual Performance-Based Award, the
Committee may reduce or eliminate the amount of the Performance-Based Award
earned for the Performance Period, if in its sole and absolute discretion, such
reduction or elimination is appropriate.

      11.5 MAXIMUM AWARD PAYABLE. The aggregate maximum Performance-Based Award
payable to any one Participant under the Plan for Performance Period is one
million (1,000,000) shares of Stock. In the event the Performance-Based Award is
paid in cash, such maximum Performance-Based Award shall be determined by
multiplying one million (1,000,000) by the Fair Market Value of one share of the
applicable Stock as of the date of grant of the Performance-Based Award.

                                       11
<PAGE>

                                   ARTICLE 12

                         PROVISIONS APPLICABLE TO AWARDS

      12.1 STAND-ALONE AND TANDEM AWARDS. Awards granted under the Plan may, in
the discretion of the Committee, be granted either alone, in addition to, or in
tandem with, any other Award granted under the Plan. Awards granted in addition
to or in tandem with other Awards may be granted either at the same time as or
at a different time from the grant of such other Awards.

      12.2 EXCHANGE PROVISIONS. The Committee may at any time offer to exchange
or buy out any previously granted Award for a payment in cash, Stock, or another
Award, based on the terms and conditions the Committee determines and
communicates to the Participant at the time the offer is made.

      12.3 TERM OF AWARD. The term of each Award shall be for the period as
determined by the Committee, provided that in no event shall the term of any
Incentive Stock Option or a Stock Appreciation Right granted in tandem with the
Incentive Stock Option exceed a period of ten years from the date of its grant.

      12.4 FORM OF PAYMENT FOR AWARDS. Subject to the terms of the Plan and any
applicable law or Award Agreement, payments or transfers to be made by the
Company or a Subsidiary on the grant or exercise of an Award may be made in such
forms as the Committee determines at or after the time of grant, including
without limitation, cash, promissory note, Stock, other Awards, or other
property, or any combination, and may be made in a single payment or transfer,
in installments, or on a deferred basis, in each case determined in accordance
with rules adopted by and at the discretion of, the Committee

      12.5 LIMITS ON TRANSFER. No right or interest of a Participant in any
Award may be pledged, encumbered, or hypothecated to or in favor of any party
other than the Company or a Subsidiary, or shall be subject to any lien,
obligation, or liability of such Participant to any other party other than the
Company or a Subsidiary. Except as otherwise provided by the Committee, no Award
shall be assignable or transferable by a Participant other than by will or the
laws of descent and distribution.

      12.6 BENEFICIARIES. Notwithstanding Section 12.5, a Participant may, in
the manner determined by the Committee, designate a beneficiary to exercise the
rights of the Participant and to receive any distribution with respect to any
Award upon the Participant's death. A beneficiary, legal guardian, legal
representative, or other person claiming any rights under the Plan is subject to
all terms and conditions of the Plan and any Award Agreement applicable to the
Participant, except to the extent the Plan and Award Agreement otherwise
provide, and to any additional restrictions deemed necessary or appropriate by
the Committee. If the Participant is married, a designation of a person other
than the Participant's spouse as his beneficiary with respect to more than 50%
of the Participant's interest in the Award shall not be effective without the
written consent of the Participant's spouse. If no beneficiary has been
designated or survives the Participant, payment shall be made to the person
entitled thereto under the Participant's will or the laws of descent and
distribution. Subject to the foregoing, a

                                       12
<PAGE>

beneficiary designation may be changed or revoked by a Participant at any time
provided the change or revocation is filed with the Committee.

      12.7 STOCK CERTIFICATES. All Stock certificates delivered under the Plan
are subject to any stop-transfer orders and other restrictions as the Committee
deems necessary or advisable to comply with Federal or state securities laws,
rules and regulations and the rules of any national securities exchange or
automated quotation system on with the Stock is listed, quoted, or traded. The
Committee may place legends on any Stock certificate to reference restrictions
applicable to the Stock.

      12.8 ACCELERATION UPON A CHANGE OF CONTROL. If a Change of Control occurs,
all outstanding Options, Stock Appreciation Rights, and other Awards that relate
to the grant of Stock shall become fully exercisable and all restrictions on
such outstanding Awards shall lapse. To the extent that this provision causes
Incentive Stock Options to exceed the dollar limitation set forth in Section
7.2(d), the excess Options shall be deemed to be Non-Qualified Stock Options.
Upon, or in anticipation of, such an event, the Committee may cause every Award
outstanding hereunder to terminate at a specific time in the future and shall
give each Participant the right to exercise such Awards during a period of time
as the Committee, in its sole and absolute discretion, shall determine.

                                   ARTICLE 13

                          CHANGES IN CAPITAL STRUCTURE

      13.1 GENERAL. In the event a stock dividend is declared upon the Stock,
the shares of Stock then subject to each Award (and the number of shares subject
thereto) shall be increased proportionately without any change in the aggregate
purchase price therefore. In the event the Stock shall be changed into or
exchanged for a different number or class of shares of Stock or of another
corporation, whether through reorganization, recapitalization, stock split-up,
reverse stock split up, combination of shares, merger or consolidation, or any
other increase or decrease in the number of shares of Stock effected without
receipt of consideration by the Company, the Board, in its discretion, shall
have the authority to substitute for each such share of Stock then subject to
each Award the number and class of shares of Stock into which each outstanding
share of Stock shall be so exchanged, all without any change in the aggregate
purchase price for the shares then subject to each Award.

                                   ARTICLE 14

                    AMENDMENT, MODIFICATION, AND TERMINATION

      14.1 AMENDMENT, MODIFICATION, AND TERMINATION. With the approval of the
Board, at any time and from time to time, the Committee may terminate, amend or
modify the Plan; provided, however, that to the extent necessary and desirable
to comply with any applicable law, regulation, or stock exchange rule, the
Company shall obtain shareholder approval of any Plan amendment in such a manner
and to such a degree as required.

                                       13
<PAGE>

      14.2 AWARDS PREVIOUSLY GRANTED. No termination, amendment, or modification
of the Plan shall adversely affect in any material way any Award previously
granted under the Plan, without the written consent of the Participant.

                                   ARTICLE 15

                               GENERAL PROVISIONS

      15.1 NO RIGHTS TO AWARDS. No Participant, employee, or other person shall
have any claim to be granted any Award under the Plan, and neither the Company
nor the Committee is obligated to treat Participants, employees, and other
persons uniformly.

      15.2 NO SHAREHOLDER RIGHTS. No Award gives the Participant any of the
rights of a shareholder of the Company unless and until shares of Stock are in
fact issued to such person in connection with such Award.

      15.3 WITHHOLDING. The Company or any Subsidiary shall have the authority
and the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy Federal, state, and local taxes
(including the Participant's FICA obligation) required by law to be withheld
with respect to any taxable event arising as a result of this Plan. With the
Committee's consent, a Participant may elect to have the Company withhold from
the Stock that would otherwise be received upon the exercise of any Option, a
number of shares having a Fair Market Value equal to the minimum statutory
amount necessary to satisfy the Participant's applicable federal, state, local
and foreign income and employment tax withholding obligations.

      15.4 NO RIGHT TO EMPLOYMENT OR SERVICES. Nothing in the Plan or any Award
Agreement shall interfere with or limit in any way the right of the Company or
any Subsidiary to terminate any Participant's employment or services at any
time, nor confer upon any Participant any right to continue in the employ of the
Company or any Subsidiary.

      15.5 UNFUNDED STATUS OF AWARDS. The Plan is intended to be an "unfunded"
plan for incentive compensation. With respect to any payments not yet made to a
Participant pursuant to an Award, nothing contained in the Plan or any Award
Agreement shall give the Participant any rights that are greater than those of a
general creditor of the Company or any Subsidiary.

      15.6 INDEMNIFICATION. To the extent allowable under applicable law, each
member of the Committee or of the Board shall be indemnified and held harmless
by the Company from any loss, cost, liability, or expense that may be imposed
upon or reasonably incurred by such member in connection with or resulting from
any claim, action, suit, or proceeding to which he or she may be a party or in
which he or she may be involved by reason of any action or failure to act under
the Plan and against and from any and all amounts paid by him or her in
satisfaction of judgment in such action, suit, or proceeding against him or her
provided he or she gives the Company an opportunity, at its own expense, to
handle and defend the same before he or she undertakes to handle and defend it
on his or her own behalf. The foregoing right of indemnification shall not be
exclusive of any other rights of indemnification to which such

                                       14
<PAGE>

persons may be entitled under the Company's Articles of Incorporation or Bylaws,
as a matter of law, or otherwise, or any power that the Company may have to
indemnify them or hold them harmless.

      15.7 RELATIONSHIP TO OTHER BENEFITS. No payment under the Plan shall be
taken into account in determining any benefits under any pension, retirement,
savings, profit sharing, group insurance, welfare or other benefit plan of the
Company or any Subsidiary.

      15.8 EXPENSES. The expenses of administering the Plan shall be borne by
the Company and its Subsidiaries.

      15.9 TITLES AND HEADINGS. The titles and headings of the Sections in the
Plan are for convenience of reference only, and in the event of any conflict,
the text of the Plan, rather than such titles or headings, shall control.

      15.10 FRACTIONAL SHARES. No fractional shares of stock shall be issued and
the Committee shall determine, in its discretion, whether cash shall be given in
lieu of fractional shares or whether such fractional shares shall be eliminated
by rounding up or down as appropriate.

      15.11 SECURITIES LAW COMPLIANCE. With respect to any person who is, on the
relevant date, obligated to file reports under Section 16 of the Exchange Act,
transactions under this Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent
any provision of the Plan or action by the Committee fails to so comply, it
shall be void to the extent permitted by law and voidable as deemed advisable by
the Committee.

      15.12 GOVERNMENT AND OTHER REGULATIONS. The obligation of the Company to
make payment of awards in Stock or otherwise shall be subject to all applicable
laws, rules, and regulations, and to such approvals by government agencies as
may be required. The Company shall be under no obligation to register under the
Securities Act of 1933, as amended, any of the shares of Stock paid under the
Plan. If the shares paid under the Plan may in certain circumstances be exempt
from registration under the Securities Act of 1933, as amended, the Company may
restrict the transfer of such shares in such manner as it deems advisable to
ensure the availability of any such exemption.

      15.13 GOVERNING LAW. The Plan and all Award Agreements shall be construed
in accordance with and governed by the laws of the State of Arizona.

                                       15exv10w13c

 

Exhibit 10.13c

Lobbyist Agreement

     This service agreement (“Agreement”) is entered into by and between Apollo
Group, Inc, (“Apollo”) an Arizona corporation and parent company of University
of Phoenix (“UOP”), with its principal place of business at 4615 E. Elwood,
Phoenix, AZ 85040, and Governmental Advocates, Inc. (“Firm”), with its
principal place of business at 1127 Eleventh Street, Suite #400, Sacramento,
California, 95814.

PURPOSE OF AGREEMENT. The purpose of this Agreement is to state the terms and
conditions under which Firm will provide the lobbyist services (“Services”)
included in this Agreement to Apollo, and as listed in the Scope of Services,
attached hereto, and incorporated as part of the Agreement.

	1.	 	SERVICES. Firm agrees to perform the Services and warrants
that each of its employees, agents or Firms assigned to provide
Services under this Agreement to Apollo shall have the proper skill,
training and background so as to be able to perform in a competent
and professional manner, that all Services will be so performed and
performed in a manner compatible with Apollo’s business operations,
and that Firm shall cause the Services to be performed in accordance
with the Scope of Services and generally accepted industry practices.
Firm agrees to comply with all laws, registration or any other
requirements of any governing body overseeing such Services as
performed in this Agreement, including but not limited to, the
compliance requirements and governmental entities outlined in the
Scope of Services.
	 
	2.	 	TERM OF AGREEMENT. The Term of this Agreement shall commence
on June 1, 2004, and shall continue in full force for one (1) year
unless otherwise terminated as provided herein. This Agreement may be
renewed for an additional period(s) upon written mutual agreement of
both parties.
	 
	3.	 	PAYMENT. Compensation for Services performed under this
Agreement will be as outlined in the Scope of Services. Payment
terms will be net thirty (30) days upon receipt of Firm invoice, with
all payments made in arrears. Upon termination of this Agreement,
payments under this paragraph shall cease; provided, however, that
Firm will be entitled to payments for periods or partials that
occurred prior to the date of termination and for which Firm has not
yet been paid.
	 
	4.	 	TERMINATION. This Agreement may be terminated without cause,
by either party with a 30 day written notice to the other party.
This Agreement may be terminated immediately by Apollo upon any
breach hereof or violation of the law by the Firm. Upon termination
of the Agreement, Firm shall return to Apollo all records, notes,
data, memoranda and materials of any nature that are in Firm’s
possession or under Firm’s control and that are Apollo’s property or
relate to Apollo’s business.
	 
	5.	 	RELATIONSHIP. The parties understand that Firm is an
independent contractor with respect to Apollo and not an employee of
Apollo. Apollo shall not provide fringe benefits, including health
insurance benefits, paid vacation, or any other employee benefit, for
the benefit of Firm or any agents, employees or contractors of Firm.
As an independent contractor, Firm shall pay all taxes imposed and
other liabilities incurred as an independent contractor. This
Agreement is neither intended to nor will it be construed as,
creating any other relationship, including one of employment, joint
venture or agency.

1

 

	6.	 	NON COMPETE. For the term of this Agreement the Firm shall
not represent any entity that would be in direct competition with
Apollo, nor shall the Firm represent any entity that would have an
interest in conflict with the best interest of Apollo without the
approval of Apollo. The Firm shall immediately disclose potential
conflicts of interest.
	 
	7.	 	OWNERSHIP OF PRODUCTS, REPORTS, ETC: Any and all products,
reports, etc. developed by the Firm in whole or in part which are
utilized, or accepted by Apollo because of the relationship between
the Firm and Apollo, and any and all intellectual, property rights,
including copyrights in the products, reports, etc., shall become the
exclusive property of Apollo.
	 
	8.	 	INSURANCE. Firm acknowledges Firm’s obligation to obtain
appropriate insurance coverage for the benefit of Firm (and Firm’s
employees, if any). Firm waives any rights to recovery from Apollo
for any injuries that Firm (and/or Firm’s employees) may sustain
while performing services under this Agreement and that are a result
of the negligence of Firm or Firm’s employees. Firm agrees to provide
Apollo with necessary documentation, including certificates of
insurance, evidencing the required coverage, if requested.
	 
	9.	 	CONFIDENTIAL INFORMATION. “Confidential Information” means any
information, whether or not owned by or developed by Apollo, which is
not generally known and which Firm may obtain through direct or
indirect contact with Apollo. Such Confidential Information
includes, but is not limited to: business records and plans,
marketing strategies, cost, discounts, product design information,
technical information, business affairs, financial reports, customer
lists, student information, and other proprietary information.

Confidential Information does not include information that Firm can
show, by clear and convincing evidence, to be:

	1)	 	In the public domain.
	 
	2)	 	Rightfully received from a third party without any
obligation of confidentiality.
	 
	3)	 	Rightfully known to Firm without any limitations on use
or disclosure prior to its receipt from Apollo.
	 
	4)	 	Independently developed by Firm without use of or
reference to the Confidential Information by persons who had no
access to the Confidential Information.

	 	 	PROTECTION OF CONFIDENTIAL INFORMATION. Firm understands and
acknowledges that the Confidential Information has been developed or
obtained by Apollo through the investment of significant time, effort
and expense, and that the Confidential Information is a valuable,
special, and unique asset of Apollo which provides a significant market
advantage, and needs to be protected from improper disclosure. Firm
shall hold the Confidential Information of Apollo in strictest secrecy
and not disclose or make any use thereof except for the performance of
this Agreement. Firm shall not cause or permit the disclosure of
Confidential Information in any form to any person without the prior
written consent of Apollo. Firm shall cause all persons who obtain
access to such Confidential Information, directly or indirectly,
through Firm to abide by the confidentiality provisions of this
Agreement. The obligations of this paragraph will remain in effect
until which time all Confidential Information is no longer
confidential, as defined above, through no act, breach, or omission of
Firm.
	 
	10.	 	INDEMNIFICATION. Apollo shall not be liable for any negligent,
intentional or fraudulent acts of Firm or its agents. Firm hereby
agrees to indemnify and hold Apollo harmless from all claims, losses,
expenses, fees (including attorney fees), costs, and judgments that
may be asserted against Apollo that result, directly or indirectly,
from the acts or omissions of Firm, Firm’s employees and Firm’s
agents, including without limitation any infringement of third party
rights or violation or breach of confidentiality as stated herein.
The indemnification provisions shall survive termination of this
Agreement.

2

 

	11.	 	GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of Arizona and the
United States of America without reference to conflict of laws
principles. The Superior Court of Maricopa County and/or the United
States District Court for the District of Arizona shall have
exclusive jurisdiction and venue over all controversies in connection
with this Agreement, and each party irrevocably consents to such
exclusive and personal jurisdiction and venue.
	 
	12.	 	ENTIRE AGREEMENT. This Agreement constitutes the final,
complete, and exclusive statement of the terms of the agreement
between the parties regarding its subject matter and supersedes any
prior and contemporaneous offers, negotiations, and understandings,
whether oral or written, between the parties.
	 
	13.	 	SEVERABILITY. If any provision of this Agreement is held by
any court or other tribunal to be invalid or unenforceable for any
reason, the remaining provisions shall continue to be valid and
enforceable. If any court or other tribunal finds that any provision
of this Agreement is invalid or enforceable, but that by limiting
such provision it would become valid and enforceable, then such
provision shall be deemed to be written, construed, and enforced as
so limited.
	 
	14.	 	WAIVER OF CONTRACTUAL RIGHT. The failure of either party to
strictly enforce any provision of this Agreement shall not be
construed as a waiver or limitation of that party’s right to enforce
and compel strict compliance with every provision of this Agreement.
	 
	15.	 	AMENDMENT AND ASSIGNMENT. This Agreement may not be changed,
modified, altered, or amended in any respect without the mutual
written consent by authorized Firms of both parties. This Agreement
may not be assigned by Firm or otherwise transferred, in whole or in
part, by Firm without the prior written consent of Apollo.
	 
	16.	 	CORPORATE AUTHORITY. Each individual executing this Agreement
on behalf of a corporation represents and warrants that he/she is
duly authorized to execute and deliver this Agreement on behalf of
said corporation and that this Agreement is binding upon said
corporation in accordance with its terms.
	 
	17.	 	SURVIVAL OF OBLIGATIONS. The parties’ rights and obligations,
which by their nature would continue beyond the expiration or
termination of this Agreement, including but not limited to
Confidential Information, shall survive such expiration or
termination of this Agreement.
	 
	18.	 	TERMS/CONDITIONS. All terms and conditions of this Agreement
shall be binding upon and shall inure to the benefit of the parties
to this Agreement and their respective successors and permitted
assigns, as well as their respective subsidiaries, affiliates, parent
companies, and other entities controlling or controlled by the
respective parties.
	 
	19.	 	NOTICE. Any notice required or permitted under this Agreement
must be sent by registered or certified mail, return receipt
requested and shall be deemed given when received by the individuals
set forth below. Only the authorized Firms of the parties may amend
or waive processes of this Agreement.

	 	 	 	 	 
	

	 	IF for Apollo Group, Inc.:
	 	IF for Firm:
	

	 	Todd Nelson, President & CEO
	 	Hedy Govenar
	

	 	4615 E. Elwood St
	 	1127 – 11th Street, Suite #400
	

	 	Phoenix, AZ 85040
	 	Sacramento, California 95814

	 	 	Such address may be changed from time to time by either party by
providing written notice to the other in the manner set forth above.

3

 

IN WITNESS WHEREOF, The parties have executed this Agreement as of the
date first above written.

	 	 	 
	

	 	

	Apollo Signature

	 	Firm Signature
	 
	 	 
	

	 	

	Todd Nelson, President & CEO

	 	Firm Printed Name/Title
	 
	 	 
	

	 	

	Date

	 	Date
	 
	 	 
	

	 	

	

	 	Social Security or Federal Tax ID #

4

 

Attachment A

Scope of Services

Services

Firm shall provide strategic advice on matters concerning legislation,
regulations, public policy, electoral politics and any other topic of concern
to Apollo related to state government in the state of California. All Services
performed by the Firm for Apollo under this Agreement shall be timely done.

Compensation and Payment

For Services performed under this Agreement, Apollo shall pay the Firm the sum
of $10,000.00 per month. Agreement also includes reimbursement of fees/expenses
incurred on the behalf of Apollo if applicable.

Compliance – required for each contract but state of registration will vary

During the term of this Agreement, Firm agrees to formally register as a
legislative and executive branch lobbyist with the California Secretary of
State, and further agrees to at all times abide by the laws of the state of
California governing lobbyists and to inform Apollo of any legal obligations
Apollo may have under the laws of the state of California.

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]