Seagate 2003 Annual Report Download - page 116

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a. Executive shall serve as the Chairman of the Board of Directors of ST (“Chairman”) and shall continue to be actively
involved in setting the strategic direction of ST. In such position, Executive shall have duties and authority at a level consistent with such
position and such other duties and responsibilities as shall be determined from time to time by the Board of Directors of ST (the “Board”). If
requested, Executive shall continue to serve as a member of the Board and shall not receive any additional compensation.
b. Executive will devote his reasonable business time and best efforts to the performance of Executive’s duties hereunder
and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the
rendition of such services, either directly or indirectly, without the prior written consent of the Board; provided that Executive may continue to
serve as a member of the boards of directors and trustees listed on Exhibit A hereto; provided in each case, and in the aggregate, that such
activities do not conflict or interfere with the performance of Executive’s duties hereunder or conflict with Section 8.
3. No Termination of Employment . Executive acknowledges and agrees that for the purposes of the Collateral Documents (as
defined below) and Section 7 of the Original Employment Agreement, Executive will remain continuously employed by the Company as he
transitions from his position as the Company’s and ST’s Chief Executive Officer to Chairman. Executive further agrees that none of the
execution of this Agreement, the cessation of Executive’s service as Chief Executive Officer of the Company or ST, the cessation of any other
service with the Company, ST or any of their affiliates pursuant to this Agreement, or the performance of Executive’s services as Chairman on
and after the Commencement Time under the Agreement will constitute
“
Good