Seagate 2007 Annual Report Download - page 177
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15.3. Contemplated Amendments . It is expressly contemplated that the Board may amend the Plan in any respect the Board deems
necessary or advisable to provide eligible Employees with the maximum benefits provided or to be provided under the provisions of the Code
and the regulations promulgated thereunder relating to Incentive Stock Options and/or to bring the Plan and/or Incentive Stock Options granted
under it into compliance therewith.
15.4. No Material Impairment of Rights . Rights under any Stock Award granted before amendment of the Plan shall not be materially
impaired by any amendment of the Plan unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in
writing.
15.5. Amendment of Stock Awards . The Board at any time, and from time to time, may amend the terms of any one or more Stock
Awards; provided, however, that the rights under any Stock Award shall not be materially impaired by any such amendment unless (i) the
Company requests the consent of the Participant and (ii) the Participant consents in writing.
XVI. TERMINATION OR SUSPENSION OF THE PLAN.
16.1. Plan Term . The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day
before the tenth (10
th
) anniversary of the date the Plan is approved by the shareholders of the Company. No Stock Awards may be granted under
the Plan while the Plan is suspended or after it is terminated.
16.2. No Material Impairment of Rights
. Suspension or termination of the Plan shall not materially impair rights and obligations under any
Stock Award granted while the Plan is in effect except with the written consent of the Participant.
XVII. EFFECTIVE DATE OF PLAN.
The Plan shall become effective on the date that it is approved by the shareholders of the Company, which approval shall be within twelve
(12) months before or after the date the Plan is adopted by the Board. No Stock Awards may be granted under the Plan prior to the time that the
shareholders have approved the Plan. The approval or disapproval of the Plan by the shareholders of the Company shall have no effect on any
other equity compensation plan, program or arrangement sponsored by the Company or any of its Affiliates.
XVIII. CHOICE OF LAW.
The law of the State of California shall govern all questions concerning the construction, validity and interpretation of this Plan, without
regard to such state’s conflict of laws rules.
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