Seagate 2013 Annual Report Download - page 182

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6.
TERMINATION OF EMPLOYMENT; CHANGES IN EMPLOYMENT
6.1
Termination . In the event any Participant terminates employment with the Corporation and its Designated Subsidiaries for
any reason (including death) prior to the expiration of a Purchase Period, the Participant’s participation in the Plan shall terminate and
all amounts credited to the Participant’s account shall be paid to the Participant or, in the case of death, to the Participant’s heirs or
estate, without interest. Whether a termination of employment has occurred shall be determined by the Committee. If a Participant’s
termination of employment occurs within a certain period of time as specified by the Committee (not to exceed 30 days) prior to the
Purchase Date of the Purchase Period then in progress, his or her option for the purchase of Ordinary Shares will be exercised on such
Purchase Date in accordance with Section 9 as if such Participant were still employed by the Corporation. Following the purchase of
Shares on such Purchase Date, the Participant’s participation in the Plan shall terminate and all remaining amounts credited to the
Participant’s account shall be paid to the Participant or, in the case of death, to the Participant’s heirs or estate, without interest (unless
payment of interest is required by local law).
6.2
Leaves of Absence . The Committee may also establish rules regarding when leaves of absence or changes of employment
status will be considered to be a termination of employment, and the Committee may establish termination of employment procedures
for this Plan that are independent of similar rules established under other benefit plans of the Corporation and its Subsidiaries, provided,
however, that such procedures are not in conflict with the requirements of Section 423 of the Code.
6.3
Transfers . If a Participant transfers employment between the Corporation and a Designated Subsidiary participating in the
423 Plan (as set forth in Appendix A to the Plan) or between Designated Subsidiaries participating in the 423 Plan, his or her
participation in the Plan shall continue unless and until otherwise terminated in accordance with the Plan. Similarly, if a Participant
transfers employment between Designated Subsidiaries participating in a Non-423 Sub-Plan (as set forth in Appendix A to the Plan),
his or her participation in the Plan shall continue unless and until otherwise terminated in accordance with the Plan.
If a Participant transfers employment from the Corporation or a Designated Subsidiary participating in the 423 Plan to a Designated
Subsidiary participating in a Non-423 Sub-Plan, his or her participation in the Plan shall continue, provided, however, that such
participation will be under the applicable Non-423 Sub-Plan as of the date of such transfer and all of the Participant’s accumulated
payroll deductions (whether taken while the Participant was employed by the Corporation or a Designated Subsidiary participating in
the 423 Plan or while the Participant is employed by a Designated Subsidiary participating in a Non-423 Sub-Plan) shall be used to
purchase Shares under the applicable Non-423 Sub-
9