Seagate 2008 Annual Report Download - page 174

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Plan shall have the same rights and privileges under the Plan, except for differences that may be mandated by local law and that are
consistent with Code Section 423(b)(5); provided that individuals participating in a sub-plan adopted pursuant to Section 16 which is
not designed to qualify under Code section 423 need not have the same rights and privileges as Employees participating in the Code
section 423 Plan. Eligible Employees may not participate in more than one Offering Period at a time.
4. OFFERING PERIODS AND PURCHASE PERIODS
4.1 Offering Periods . With respect to Offering Periods commencing prior to February 1, 2006, the Plan shall generally be
implemented by a series of twelve (12) month Offering Periods with new Offering Periods commencing on the first Trading Day on or
after February 1 and August 1 and ending on the last Trading Day in the twelve month periods ending on January 31 and July 31 of the
next calendar year, respectively, or on such other date as the Committee shall determine. The first Offering Period shall commence on
the Effective Date and shall end on the last Trading Day on or before January 31, 2004. With respect to Offering Periods commencing
on or after February 1, 2006, the Plan shall generally be implemented by a series of six (6) month Offering Periods with new Offering
Periods commencing on the first Trading Day on or after February 1 and August 1 and ending on the last Trading Day in the six-month
periods ending on the next July 31 and January 31, respectively, or on such other date as the Committee shall determine, and continuing
thereafter until the Plan is terminated pursuant to Section 14 hereof. The Committee shall have the authority to change the frequency
and/or duration of Offering Periods (including the commencement dates thereof) with respect to future offerings if such change is
announced at least five (5) days prior to the scheduled beginning of the first Offering Period to be affected thereafter.
4.2 Purchase Periods . With respect to Offering Periods commencing prior to February 1, 2006, each Offering Period shall
generally consist of two (2) consecutive Purchase Periods of six (6) months’ duration, with new Purchase Periods commencing on the
first Trading Day on or after February 1 and August 1 of each year and ending on the last Trading Day in the six-month period ending
on the next July 31 and January 31, respectively. With respect to Offering Periods commencing on or after February 1, 2006, each
Offering Period shall generally consist of one (1) Purchase Period that runs concurrently with the Offering Period. The last Trading Day
of each Purchase Period shall be the “Purchase Date” for such Purchase Period; provided that the first Purchase Period shall commence
on the Effective Date and shall end at the completion of the seventh complete calendar month following the Effective Date unless
otherwise determined by the Committee. The second Purchase Period of the first Offering Period shall begin on the first Trading Day
following the end of the first Purchase Period and shall end on the last Trading Day on or before January 31, 2004. Subsequent
Purchase Periods, if any, shall run consecutively after the termination of the preceding Purchase Period. The Committee shall have the
power to change
5