Seagate 2009 Annual Report Download - page 184

conditions necessary to avoid a charge to earnings for financial accounting purposes as a result of the use of such deferred payment arrangement.
6.5 Transferability of an Incentive Stock Option . An Incentive Stock Option shall not be transferable except by will or by the
laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the
foregoing, if provided in the Option Agreement, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option.
6.6 Transferability of a Nonstatutory Share Option . A Nonstatutory Share Option shall be transferable to the extent provided in
the Option Agreement. If the Nonstatutory Share Option does not provide for transferability, then the Nonstatutory Share Option shall not be
transferable except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the
Optionholder. Notwithstanding the foregoing, if provided in the Option Agreement, the Optionholder may, by delivering written notice to the
Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be
entitled to exercise the Option.
6.7 Vesting Generally . Options granted under the Plan shall be exercisable at such time and upon such terms and conditions as
may be determined by the Board. The vesting provisions of individual Options may vary. The provisions of this Section 6.7 are subject to any
Option provisions governing the minimum number of Shares as to which an Option may be exercised.
6.8 Termination of Continuous Service . In the event an Optionholder’s Continuous Service terminates (other than upon the
Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise
such Option as of the date of termination) but only within such period of time ending on the earlier of (i) the date three (3) months following the
termination of the Optionholder’s Continuous Service (or such longer or shorter period specified in the Option Agreement), or (ii) the expiration
of the term of the Option as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within
the time specified in the Option Agreement, the Option shall terminate.
6.9 Extension of Termination Date . An Optionholder’s Option Agreement may also provide that if the exercise of the Option
following the termination of the Optionholder’s Continuous Service (other than upon the Optionholder’
s death or Disability) would be prohibited
at any time solely because the issuance of Shares would violate the registration requirements under the Securities Act or other applicable
securities law, then the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in the Option Agreement or
(ii) the expiration of a period of three (3) months after the termination of the Optionholder’
s Continuous Service during which the exercise of the
Option would not be in violation of such registration requirements or other applicable securities law.
6.10 Disability of Optionholder . In the event that an Optionholder’s Continuous Service terminates as a result of the
Optionholder’s Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such
Option as of the date of