Seagate 2008 Annual Report Download - page 173

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. Notwithstanding anything herein to the contrary, effective for
Offering Periods that commence on or after February 1, 2006, “Purchase Period” shall have the same meaning as the term “Offering
Period.”
2.21 “Purchase Price” shall have the meaning set out in Section 8.2.
2.22 “Securities Act” shall mean the U.S. Securities Act of 1933, as amended.
2.23 “Shareowner” shall mean a record holder of shares entitled to vote such shares of Common Stock under the Corporation’s
by-laws.
2.24 “Subsidiary” shall mean any entity treated as a corporation (other than the Corporation) in an unbroken chain of
corporations beginning with the Corporation, within the meaning of Code Section 424(f), whether or not such corporation now exists or
is hereafter organized or acquired by the Corporation or a Subsidiary.
2.25 “Trading Day” shall mean a day on which U.S. national stock exchanges and the National Market System are open for
trading and the Common Stock is being publicly traded on one or more of such markets.
3. ELIGIBILITY
3.1 Any Employee employed by the Corporation or by any Designated Subsidiary on an Offering Date shall be eligible to
participate in the Plan with respect to the Offering Period commencing on such Offering Date. Committee may establish administrative
rules requiring that employment commence some minimum period (not to exceed 30 days) prior to an Offering Date to be eligible to
participate with respect to the Offering Period beginning on that Offering Date. The Committee may also determine that a designated
group of highly compensated Employees is ineligible to participate in the Plan so long as the excluded category fits within the definition
of “highly compensated employee” in Code Section 414(q).
3.2 No Employee may participate in the Plan if immediately after an option is granted the Employee owns or is considered to own
(within the meaning of Code Section 424(d)) shares of Common Stock, including Common Stock which the Employee may purchase
by conversion of convertible securities or under outstanding options granted by the Corporation, possessing five percent (5%) or more
of the total combined voting power or value of all classes of stock of the Corporation or of any of its Subsidiaries. All Employees who
participate in the
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