Seagate 2009 Annual Report Download - page 222

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at the time of the assignment to purchase all, but not less than all, of the unvested Performance Shares held by you at the then current Fair
Market Value of the Company’s Ordinary Shares (or the security into which such Ordinary Shares has been converted), and the Repurchase
Right shall thereupon immediately lapse as to all such shares.
3.
NUMBER OF SHARES . The number of Performance Shares subject to your Award may be adjusted from time to time for
changes in capitalization, as provided in Article XIII of the Plan.
4.
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY COMPENSATION RECOVERY FOR FRAUD OR
MISCONDUCT POLICY. The Participant hereby acknowledges and agrees that the Participant and the award evidenced by this Agreement
are subject to the Seagate Technology Public Limited Company Compensation Recovery for Fraud and Misconduct Policy as in effect from time
to time, a current copy of which is attached hereto as Exhibit A. To the extent the Participant is subject to the policy, the terms and conditions of
the policy are hereby incorporated by reference into this Agreement.
5.
SECURITIES LAW COMPLIANCE . You will not be issued any shares under your Award unless the shares are either
(a) then registered under the Securities Act or (b) the Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act. Your Award must also comply with other applicable laws and regulations governing the Award, and you will
not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations.
6.
RESTRICTIVE LEGENDS . The shares issued under your Award shall be endorsed with appropriate legends determined
by the Company.
7.
TRANSFERABILITY. The Performance Shares that remain subject to the Company’s Repurchase Right may not be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant without the prior written consent of the
Company and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable
against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge,
attachment, sale, transfer or encumbrance.
8.
AWARD NOT A SERVICE CONTRACT . Your Award is not an employment or service contract, and nothing in your
Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or
on the part of the Company or an Affiliate to continue your employment. In addition, nothing in your Award shall obligate the Company or an
Affiliate, their respective shareholders, boards of directors, Officers or Employees to continue any relationship that you might have as an
Employee, Director or Consultant for the Company or an Affiliate.
3