Seagate 2013 Annual Report Download - page 180

shall end on the last Trading Day on or before January 31, 2004. With respect to Offering Periods commencing on or after February 1,
2006, the Plan shall generally be implemented by a series of six (6) month Offering Periods with new Offering Periods commencing on
the first Trading Day on or after February 1 and August 1 and ending on the last Trading Day in the six-month periods ending on the
next July 31 and January 31, respectively, or on such other date as the Committee shall determine, and continuing thereafter until the
Plan is terminated pursuant to Section 14 hereof. The Committee shall have the authority to change the frequency and/or duration of
Offering Periods (including the commencement dates thereof) with respect to future offerings if such change is announced at least five
(5) days prior to the scheduled beginning of the first Offering Period to be affected thereafter.
4.2
Purchase Periods . With respect to Offering Periods commencing prior to February 1, 2006, each Offering Period shall
generally consist of two (2) consecutive Purchase Periods of six (6) months’ duration, with new Purchase Periods commencing on the
first Trading Day on or after February 1 and August 1 of each year and ending on the last Trading Day in the six-month period ending
on the next July 31 and January 31, respectively. With respect to Offering Periods commencing on or after February 1, 2006, each
Offering Period shall generally consist of one (1) Purchase Period that runs concurrently with the Offering Period. The last Trading Day
of each Purchase Period shall be the “Purchase Date” for such Purchase Period; provided that the first Purchase Period shall commence
on the Effective Date and shall end at the completion of the seventh complete calendar month following the Effective Date unless
otherwise determined by the Committee. The second Purchase Period of the first Offering Period shall begin on the first Trading Day
following the end of the first Purchase Period and shall end on the last Trading Day on or before January 31, 2004. Subsequent
Purchase Periods, if any, shall run consecutively after the termination of the preceding Purchase Period. The Committee shall have the
power to change the duration and/or frequency of Purchase Periods with respect to future purchases if such change is announced at least
five (5) days prior to the scheduled beginning of the first Purchase Period to be affected.
5. PARTICIPATION
5.1
An Employee who is eligible to participate in the Plan in accordance with its terms at the beginning of an Offering Period
shall automatically receive an option in accordance with Section 8.1 and may become a Participant by completing and submitting, on or
before the date prescribed by the Committee with respect to a given Offering Period, a completed payroll deduction authorization and
Plan enrollment form provided by the Corporation or by following an electronic or other enrollment process as prescribed by the
Committee. An eligible Employee may authorize payroll deductions at the rate of any whole percentage of the Employee’s
Compensation, not to exceed ten percent (10%) (or such other percentage as the Committee may establish from time to time before an
Offering Date) of such Employee’s Compensation on each payday
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