Seagate 2012 Annual Report Download - page 164

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Exhibit 10.29
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
2012 EQUITY INCENTIVE PLAN
RESTRICTED SHARE UNIT AGREEMENT
(OUTSIDE DIRECTORS)
1.
Grant of Restricted Share Units . Seagate Technology Public Limited Company, a public company incorporated under the laws of
the Republic of Ireland with limited liability (the “Company”), hereby grants to you (the Participant named in Section 2 below) the number of
Restricted Share Units set forth in Section 2 below subject to the terms and conditions of the Seagate Technology Public Limited Company 2012
Equity Incentive Plan, as may be amended from time to time and including any exhibits thereto (the “Plan”) and this Restricted Share Unit
Agreement, including any exhibits hereto (the “Agreement”) (collectively, the “Award”).
In the event of a conflict between the terms of the Plan
and the terms of this Agreement, the terms of the Plan shall govern. Unless otherwise defined in this Agreement, any capitalized term used in
this Agreement shall have the meaning assigned to such term in the Plan.
2.
Award Terms . Subject to further detail included in this Agreement, the key terms related to the Award are as follows:
Vesting Schedule . Subject to the terms of the Agreement, including but not limited to Section 3 hereof, and your Continuous
Service on the Board, the Award shall vest in full on the earlier of: (i) the first anniversary of the Date of Grant and (ii)
one day
prior to the next election of Directors following the Date of Grant.
3.
Vesting and Settlement .
(a)
Subject to Sections 3(b), 3(c) and 3(d) below, the Restricted Share Units will vest as provided in Section 2 above.
(b)
In the event of your termination of Continuous Service on account of your death, a pro-rata portion of the Restricted
Share Units shall vest, based upon the number of days between the Date of Grant and the date of such termination.
(c)
In the event of a Change of Control, the Restricted Share Units shall vest immediately prior to the consummation of
the Change of Control, so long as your termination of Continuous Service has not previously occurred.
(d)
In the event of your termination of Continuous Service for any other reason, you shall forfeit any and all Restricted
Share Units that have not vested as of the date of such termination.
(e)
Upon the vesting of any Restricted Share Units, as promptly as is reasonably practicable (but in any event no later
than March 15 of the calendar year following
Participant:
Global ID Number:
Date of Grant:
Grant Number:
Number of Restricted Share Units: