Seagate 2009 Annual Report Download - page 186

Download and view the complete annual report

Please find page 186 of the 2009 Seagate annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 252

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252

(ii) Termination of Participant’s Continuous Service . In the event a Participant’s Continuous Service terminates, the
Company shall reacquire any or all of the Shares held by the Participant that have not vested as of the date of termination under the terms of the
Restricted Share Bonus agreement.
(iii) Transferability . Rights to acquire Shares under the Restricted Share Bonus agreement shall be transferable by the
Participant only upon such terms and conditions as are set forth in the Restricted Share Bonus agreement, as the Board shall determine in its
discretion, so long as Ordinary Shares awarded under the Restricted Share Bonus agreement remain subject to the terms of the Restricted Share
Bonus agreement.
8.2 Restricted Share Purchase Awards . Each Restricted Share Purchase agreement shall be in such form and shall contain such
terms and conditions as the Board shall deem appropriate. The terms and conditions of the Restricted Share Purchase agreements may change
from time to time, and the terms and conditions of separate Restricted Share Purchase agreements need not be identical, but each Restricted
Share Purchase agreement shall include (through incorporation of provisions hereof by reference in the agreement or otherwise) the substance of
each of the following provisions:
(i) Purchase Price . The purchase price under each Restricted Share Purchase agreement shall be such amount as the
Board shall determine and designate in such Restricted Share Purchase agreement. The purchase price shall not be less than eighty-five percent
(85%) of the Fair Market Value of the Shares on the date such award is made or at the time the purchase is consummated.
(ii) Consideration . The purchase price of the Shares acquired pursuant to the Restricted Share Purchase agreement shall
be paid either: (A) in cash or by check at the time of purchase; (B) at the discretion of the Board, according to a deferred payment or other
similar arrangement with the Participant, including use of a promissory note; or (C) in any other form of legal consideration that may be
acceptable to the Board in its discretion.
(iii) Vesting . The Board shall determine the criteria under which Shares under the Restricted Share Purchase agreement
may vest; the criteria may or may not include performance criteria or Continuous Service. Shares acquired under the Restricted Share Purchase
agreement may, but need not, be subject to a share repurchase option in favor of the Company in accordance with a vesting schedule to be
determined by the Board.
(iv) Termination of Participant’s Continuous Service . In the event a Participant’s Continuous Service terminates, the
Company may repurchase any or all of the Shares held by the Participant that have not vested as of the date of termination under the terms of the
Restricted Share Purchase agreement.
(v) Transferability . Rights to acquire Shares under the Restricted Share Purchase agreement shall be transferable by the
Participant only upon such terms and conditions as are set forth in the Restricted Share Purchase agreement, as the Board shall determine in its
discretion, so