Seagate 2009 Annual Report Download - page 203

Exhibit 10.13
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
2004 SHARE COMPENSATION PLAN
NOTICE OF STOCK OPTION GRANT
(SUBJECT TO COMPENSATION RECOVERY POLICY)
Seagate Technology plc , a public limited company incorporated under the laws of the Republic of Ireland with limited liability (the
“Company”), pursuant to its 2004 Share Compensation Plan (the “Plan”), hereby grants to Participant an option to purchase the number of
Shares set forth below. This option (the “Option”) is subject to all of the terms and conditions as set forth herein and in the Option Agreement
and the Plan, all of which are provided with this Notice of Stock Option Grant (the “Grant Notice”) and incorporated herein in their entirety.
Capitalized terms not otherwise defined in this Grant Notice or the Option Agreement shall have the same meanings as in the Plan.
Additional Terms/Acknowledgements
: By returning my response to the Company as indicated in the instructions hereto, I am acknowledging
that I have received, and understand and agree to the terms of, this Grant Notice, the Option Agreement and the Plan (including any exhibits to
each document). I am further acknowledging that this Grant Notice, the Option Agreement and the Plan (including any exhibits to each
document) set forth the entire understanding between myself and the Company regarding the rights to acquire the Shares subject to this Option
and supersede all prior oral and written agreements with respect thereto, including, but not limited to, any other agreement or understanding
between myself and the Company or an Affiliate relating to my Continuous Service and any termination thereof, my compensation, or my rights,
claims or interests in or to the Shares. I further acknowledge that by returning my response to the Company as indicated in the instructions
hereto, I accept the Option as set forth in this Grant Notice, the Option Agreement and the Plan (including any exhibits to each document).
By returning my response to the Company as indicated in the instructions hereto, I am also acknowledging that, unless I specifically request (or
have in the past specifically requested) to receive communications regarding the Plan and this Option in paper form, I agree to receive all
communications regarding the Plan and this Option (including but not limited to the Plan Prospectus) by electronic delivery through an online or
electronic system established and maintained by the Company or a third party designated by the Company (currently through the Morgan
Stanley Smith Barney Corporate Benefits Website at www.benefitaccess.com, , which I may easily access and understand how to access, review
and print the communications posted thereon). Further, if requested, I agree to participate in the Plan through such an online or electronic
system. In addition, by returning my response to the Company as indicated in the instructions hereto, I agree it is my responsibility to notify the
Company of any changes to my mailing address so that I may receive any shareholder information to be delivered by regular mail.
2004 Plan Option Notice (Recovery Policy –
July 2010)
Participant:
Global ID Number:
Date of Grant:
Grant Number:
Vesting Commencement Date:
Exercise Price (Per Share):
$
Number of Shares Subject to Option:
Total Exercise Price:
$
Expiration Date:
Type of Grant:
Nonstatutory Stock Option
Payment
: By cash or check or other form of payment permitted under the Option Agreement (as described in greater detail in the
Option Agreement).
Exercise Schedule
:
Same as Vesting Schedule.
Vesting Schedule
: 25% of the Shares vest on the first anniversary of the Vesting Commencement Date, and an additional 1/48th of the
Shares vest at the end of each full month thereafter, until the fourth anniversary of the Vesting Commencement Date,
subject to accelerated vesting under varying circumstances described in the Option Agreement (as described in greater
detail in the Option Agreement). If, on any vesting date, this Vesting Schedule would result in the vesting of a fraction
of a Share, such fraction shall be rounded to the nearest whole Share.