NEW YORK (AP) _ Steve Jobs is still being paid just $1 a year by Apple Computer, but he's getting a private jet for leading the turnaround of the company he founded.

Apple, based in Cupertino, Calif., announced Wednesday that its board of directors has voted to give Jobs a Gulfstream V airplane ``in recognition of his service to the company during the past two and a half years.''

Jobs, who was ousted from the computer maker in 1987 and returned 10 years later as it teetered on the brink of collapse, was also given stock options last week that entitle him to purchase 10 million shares of Apple common stock at recent market prices, the company said. His salary will remain $1 per year.

The announcement Wednesday came as Apple reported that profits jumped 20 percent in the final months of 1999, the company's ninth straight profitable quarter. Sales jumped 37 percent as strong holiday demand for Apple's curvy and colorful iMacs and iBooks helped the company surpass Wall Street forecasts.

``Apple's market (value) has risen from less than $2 billion to over $16 billion under Steve's leadership since his return to the company two and a half years ago,'' said Apple board member Ed Woolard. ``Steve has taken no compensation thus far, and we are therefore delighted to give him this airplane in appreciation of the great job he has done for our shareholders.''