Seagate 2008 Annual Report Download - page 180

13. TRANSFERABILITY
Neither payroll deductions credited to a Participant’s bookkeeping account nor any rights to exercise an option or to receive shares of
Common Stock under the Plan may be voluntarily or involuntarily assigned, transferred, pledged, or otherwise disposed of in any way,
and any attempted assignment, transfer, pledge, or other disposition shall be null and void and without effect. If a Participant in any
manner attempts to transfer, assign or otherwise encumber his or her rights or interests under the Plan, other than as permitted by the
Code, such act shall be treated as an election by the Participant to discontinue participation in the Plan pursuant to Section 5.3.
14. AMENDMENT OR TERMINATION OF THE PLAN
14.1
The Plan shall continue until terminated in accordance with Section 14.2.
14.2 The Board may, in its sole discretion, insofar as permitted by law, terminate or suspend the Plan, or revise or amend it in any
respect whatsoever, except that, without approval of the Shareowners, no such revision or amendment shall increase the number of
shares subject to the Plan, other than an adjustment under Section 7 and Section 11 of the Plan, or make other changes for which
Shareowner approval is required under Applicable Law. Upon a termination or suspension of the Plan, the Board may in its discretion
(i) return without interest, the payroll deductions credited to Participants’ accounts to such Participants or (ii) set an earlier Purchase
Date with respect to an Offering Period and Purchase Period then in progress.
15. ADMINISTRATION
15.1 The Board shall appoint a committee of one or more individuals to administer the Plan (the “Committee”), which, unless
otherwise specified by the Board, shall consist of the members of the Corporation’
s Administrative Committee, as constituted from time
to time in accordance with its charter, and generally made up of senior members of management from the Corporation’s Legal, Finance
and Human Resources functions. The Committee will serve for such period of time as the Board or the Compensation Committee of
the Board may specify and whom the Board or the Compensation Committee of the Board may remove at any time. The Committee
will have the authority and responsibility for the day-to-day administration of the Plan, the authority and responsibility specifically
provided in this Plan and any additional duty, responsibility and authority delegated to the Committee by the Board or the
Compensation Committee of the Board, which may include any of the functions assigned to the Board in this Plan. The Committee may
delegate to one or more individuals the day-to-day administration of the Plan. The Committee shall have full power and authority to
adopt, amend and rescind any rules and regulations which it deems desirable and appropriate for the proper administration of the Plan,
to construe and interpret the provisions and supervise the administration of
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