Seagate 2009 Annual Report Download - page 217

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Schedule A
Vesting Schedule
Subject to the Participant’s Continuous Service with the Company through each applicable vesting date and the achievement of the
corresponding performance objective set forth in the table below, the Award shall become vested on each vesting date with respect to a number
of Performance Shares such that the cumulative number of Performance Shares subject to the Award that have vested on or prior to the vesting
date equals the corresponding percentage set forth in the table below (rounded to the nearest whole share). For purposes of the Award, the
performance objective for each vesting date shall be the achievement by the Company of Adjusted non-GAAP EPS for the fiscal year preceding
the fiscal year in which vesting date occurs of at least $1.00.
Any Performance Shares that remain unvested following the 7th anniversary of the Vesting Commencement Date shall be forfeited and
cancelled as of that date. The achievement of the performance objective for any fiscal year (or lack thereof) shall be evidenced by the
Committee’s written certification. No Performance Shares shall vest until such certification has been made. Notwithstanding the foregoing, in
the event of the Participant’s termination of Continuous Service on account of the Participant’s death prior to the seventh anniversary of the
Vesting Commencement Date and prior to the Award becoming 100% vested, an additional 25% of the number of Performance Shares subject to
the Award shall be deemed to have vested immediately prior to such termination of Continuous Service.
Vesting Date
Minimum Adjusted
non-GAAP EPS
Cumulative Vesting
Percentage
1
Anniversary of Vesting Commencement Date
$
1.00
25
%
2nd Anniversary of Vesting Commencement Date
$
1.00
50
%
3rd Anniversary of Vesting Commencement Date
$
1.00
75
%
4th Anniversary of Vesting Commencement Date
$
1.00
100
%
5th Anniversary of Vesting Commencement Date
$
1.00
100
%
6th Anniversary of Vesting Commencement Date
$
1.00
100
%
7th Anniversary of Vesting Commencement Date
$
1.00
100
%
st