Seagate 2008 Annual Report Download - page 185

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Exhibit 10.26
CONFIDENTIAL SEPARATION and RELEASE AGREEMENT
This Confidential Separation and Release Agreement (this “Agreement”) is made by and between Brian S. Dexheimer (“Executive”)
and Seagate
Technology (US) Holdings, Inc. and Seagate Technology (collectively, “Seagate”). Executive and Seagate are called the “Parties” in this
Agreement.
Recitals
A.
Executive has served as a Division President of Seagate Technology and an employee of Seagate Technology (US)
Holdings, Inc..
B.
Executive’s employment with Seagate terminated on July 3, 2009 as part of a reduction in force, and the Parties have agreed
to resolve all outstanding issues pertaining to Executive’s employment in accordance with the terms and conditions of this Agreement and the
Seagate Technology Executive Officer Severance and Change in Control (CIC) Plan (the “Plan”). This Agreement shall be deemed controlling
to the extent its terms vary from those of the Plan.
C.
Executive has had 60 days in which to consider and execute this Agreement, and is advised to consult an attorney about it.
Executive acknowledges that once he executes this Agreement, he will have an additional 7 days in which to revoke his execution. Executive’s
written notice of revocation shall be delivered to Kenneth M. Massaroni either in person or mailed by certified mail, return receipt requested, and
addressed to:
Kenneth M. Massaroni
Senior Vice President and General Counsel
Seagate Technology
920 Disc Drive
Scotts Valley, California 95066
If Executive does not timely revoke his execution of this Agreement, then the eighth day following the date of his execution will be the
“Effective Date” of this Agreement.
D.
By executing this Agreement, Executive represents that he understands the terms and effect of this Agreement and enters into
it knowingly and voluntarily.
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