Seagate 2009 Annual Report Download - page 161
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(c) 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.
(d) No Material Impairment of Rights . Rights under any Option 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 Optionholder and (ii) the Optionholder consents in
writing.
(e) Amendment of Options . The Board at any time, and from time to time, may amend the terms of any one or more Options;
provided, however, that the rights under any Option shall not be materially impaired by any such amendment unless (i) the Company requests
the consent of the Optionholder and (ii) the Optionholder consents in writing.
14.
TERMINATION OR SUSPENSION OF THE PLAN.
(a) 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 (10th) anniversary of the date that the Predecessor Plan was adopted by the Board or approved by the shareholders of the
Company, whichever occurred earlier. No Options may be granted under the Plan while the Plan is suspended or after it is terminated.
(b) No Material Impairment of Rights . Suspension or termination of the Plan shall not materially impair rights and obligations
under any Option granted while the Plan is in effect except with the written consent of the Optionholder.
15.
EFFECTIVE DATE OF PLAN.
The Plan shall become effective as determined by the Board, but no Option shall be exercised (with the exception of an Option granted
under the Predecessor Plan) unless and until the Plan has been 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.
16.
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.