Seagate 2007 Annual Report Download - page 178

EXHIBIT 10.11
S EAGATE T ECHNOLOGY
2004 S
TOCK C OMPENSATION P LAN
N
OTICE OF R ESTRICTED S TOCK B ONUS G RANT
Seagate Technology , a limited company domiciled in the Cayman Islands (the “Company”),
pursuant to its 2004 Stock Compensation Plan (the
“Plan”), hereby grants to Participant the number of restricted shares of the Company’s Common Stock set forth below (the “Award”). This
Award is subject to all of the terms and conditions as set forth herein and in the Restricted Stock Bonus Agreement, the Plan, the form of
Assignment Separate from Certificate and the form of Joint Escrow Instructions, all of which are provided with this Notice of Restricted Stock
Bonus Grant (the “Grant Notice”) and incorporated herein in their entirety. Capitalized terms not otherwise defined in this Grant Notice or the
Restricted Stock Bonus Agreement shall have the same meanings as in the Plan.
Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and understands and agrees to the terms of, this
Grant Notice, the Restricted Stock Bonus Agreement and the Plan (including any exhibits to each document). Participant further acknowledges
that this Grant Notice, the Restricted Stock Bonus Agreement and the Plan (including any exhibits to each document) set forth the entire
understanding between Participant and the Company regarding the acquisition of the shares of the Company’
s capital stock subject to this Award
and supersede all prior oral and written agreements with respect thereto, including, but not limited to, any other agreement or understanding
between Participant and the Company or an Affiliate relating to Participant’
s Continuous Service with the Company and any termination thereof,
compensation, or rights, claims or interests in or to shares of the capital stock of the Company.
Participant also acknowledges that, unless Participant specifically requests (or has in the past specifically requested) to receive communications
regarding the Plan and this Award in paper form, Participant agrees to receive all communications regarding the Plan and this Award (including
but not limited to the Prospectus) by electronic delivery through access on the Company’s internal website and/or Internet website at
http://eq.seagate.com, which Participant may easily access and understands how to access, review and print the communications posted thereon.
In addition, Participant agrees that it is Participant’s responsibility to notify the Company of any changes to Participant’s mailing address so that
Participant may receive any shareholder information to be delivered by regular mail.
Participant:
Global ID Number:
Date of Grant:
October 24, 2005
Grant Number:
Vesting Commencement Date:
October 24, 2005
Number of Restricted Shares:
Vesting Schedule:
1/4th of the Restricted Shares vest each year on the first four anniversaries of the Vesting Commencement Date, subject
to the Participant’s Continuous Service with the Company. Notwithstanding the foregoing, in the event of the
Participant’s termination of Continuous Service on account of the Participant’s death, the Participant shall be deemed to
have completed an additional year of service as of the termination date.
S
EAGATE
T
ECHNOLOGY
P
ARTICIPANT
By:
/s/ William D. Watkins
Title:
Chief Executive Officer
Date:
October 24, 2005
Date:
A
TTACHMENTS
:
Restricted Stock Bonus Agreement, 2004 Stock Compensation Plan, form of Assignment Separate from Certificate and
form of Joint Escrow Instructions.