Seagate 2012 Annual Report Download - page 175
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Exhibit 10.38
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
2012 EQUITY INCENTIVE PLAN
RESTRICTED SHARE UNIT AGREEMENT
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:
(a) Participant .
(b) Global ID Number .
(c) Date of Grant .
(d) Grant Number .
(e) Vesting Commencement Date .
(f) Number of Restricted Share Units .
(g) Vesting Schedule . Subject to your Continuous Service with the Company or one of its Affiliates, 25% of the Restricted
Share Units shall vest each year on the first four anniversaries of the Vesting Commencement Date, subject to the vesting conditions described in
Section 3 below. If, on any vesting date, this Vesting Schedule would result in the vesting of a fraction of a Share, such fraction shall be
rounded down to the nearest whole Share.
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, you shall be deemed to have
completed an additional year of service as of the date of such termination.
(c) Subject to the terms of the Seagate Technology Executive Severance and Change in Control Plan, as amended from
time to time, or other similar plan (the “Severance Plan”),
in the event of your termination of Continuous Service for any reason, you shall forfeit
any and all Restricted Share Units that have not vested as of the date of such termination, as further described in Section 8(l) below.
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