Document:

EX-10.1

 Exhibit 10.1 
  

 
 PERSONAL AND CONFIDENTIAL 

August 22, 2018 
 Geraldine Hottier-Fayon 

[Employee ID removed] 
 Dear Geraldine: 

It is my pleasure to extend to you an offer for the role of VP & Interim Principal Accounting Officer at Seagate US LLC (“Seagate”). This letter
supersedes any prior discussions between us concerning the following terms and conditions and is pending based on the final approval of the Compensation Committee of the Board of Directors of Seagate Technology. 

Your new job title will be VP & Interim Principal Accounting Officer. This position will be located in our Cupertino facility and you will report directly to
me. If you accept our offer, the effective date of these actions will be August 4, 2018. 
 We have put together a total compensation package that we believe you will
find very attractive. The key elements of this offer are as follows: 
  

	 	•	 	 Your annualized base salary will be increased to $300,000, payable biweekly and subject to applicable withholdings.

  

	 	•	 	 Your bonus target will remain 50% of your base salary in the Seagate Executive Performance Bonus plan. Your bonus award may
vary based on company earnings and an evaluation of your performance at the end of the fiscal year. 

  

	 	•	 	 Seagate will grant you a special cash award in the amount of $100,000 less applicable taxes. The $100,000 special cash
award would be payable in February 2019. 

  

	 	•	 	 You remain eligible to receive annual equity awards in the form of Performance Share Units (“PSUs”) and
Restricted Share Units (“RSUs”). 

  

	 	•	 	 Additionally, Seagate will grant you a special equity grant in the amount of $250,000 on September 10, 2018 in the form of
Restricted Share Units (“RSUs”). One fourth of the shares subject to the RSU will vest each year on the first four anniversaries of the date of grant. 

Vesting of the awards assumes your continued employment with the Company (or an affiliate of the Company) on each vesting date. The actual value of the
Seagate shares you receive upon grant and/or vesting of the RSUs may be less than, or more than, the estimated value stated above. The future value of the Seagate shares underlying the Awards is unknown, and cannot be predicted with certainty. 

 

	 	•	 	 Seagate policy provides executives with time off for vacation and leave purposes, subject to management approval and
business need, and in accordance with applicable legal requirements. Executives do not accrue vacation or annual leave time and will not receive any payout of vacation or leave time at the end of employment. 

 

	 	•	 	 You will remain eligible to participate in Seagate’s Deferred Compensation Plan that will allow you to set aside a
percentage of your base pay and bonus on a pre-tax basis. This program is in addition to any 401(k) contributions you may make during the year. 

  
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 Your acceptance of this offer represents the sole agreement between you and Seagate regarding enhanced compensation as
offered in connection with this role. No prior promises, representations or understanding relative to any terms or conditions of this role’s related compensation are to be considered as part of this agreement unless expressed in writing in this
letter. Your employment in the new position will remain “at-will” and terminable at any time by yourself or Seagate, with or without cause or notice. However, subject to the terms set forth in the accompanying Fifth Amended and Restated
Seagate Technology Executive Severance and Change in Control (CIC) Plan (the “Plan”), you may be eligible for receipt of severance benefits allowance if your employment is terminated involuntarily by Seagate without Cause, as defined in
the Plan. A copy of the Plan accompanies this letter for your reference. 
 Congratulations on your new opportunity, Geraldine! I look forward to working with you to
align our organization and deliver exciting first to market storage solutions to our customers. Please contact me should you have any questions. 
 Sincerely, 

Kate Scolnick, Interim Chief Financial Officer 
  

	cc:	 David Mosley, Chief Executive Officer 

John Cleveland, SVP, CHRO Communications & Community Engagement 

  
 2EX-10.2

 Exhibit 10.2 
  

 
 PERSONAL AND CONFIDENTIAL 

September 6, 2018 
 Kathryn R. Scolnick 

[Employee ID removed] 
 Dear Kate: 

It is my pleasure to extend to you an offer for the role of SVP & Interim Chief Financial Officer at Seagate US LLC (“Seagate”). This letter
supersedes any prior discussions between us concerning the following terms and conditions and is pending based on the final approval of the Compensation Committee of the Board of Directors of Seagate Technology. 

Your new job title will be SVP & Interim Chief Financial Officer. This position will be located in our Cupertino facility and you will report directly to me.
If you accept our offer, the effective date of these actions will be August 4, 2018. 
 We have put together a total compensation package that we believe you
will find very attractive. The key elements of this offer are as follows: 
  

	 	•	 	 Your annualized base salary will be increased to $400,000, payable biweekly and subject to applicable withholdings.

  

	 	•	 	 Your bonus target will remain 75% of your base salary in the Seagate Executive Performance Bonus plan. Your bonus award may
vary based on company earnings and an evaluation of your performance at the end of the fiscal year. 

  

	 	•	 	 Seagate will grant you a special cash award in the amount of $1,050,000 less applicable taxes. The special cash award would
be payable in two tranches, i) $700,000 as soon as administratively feasible with a six month clawback, and ii) $350,000 in February 2020. 

As mentioned above, the special cash award has a six-month clawback, whereas, should your employment with Seagate
terminate within six months under any circumstances in which you would not be eligible for receipt of severance benefits in accordance with the terms of the Fifth Amended and Restated Seagate Technology Executive Severance and Change in Control
(CIC) Plan, then you will be required to repay the full amount of the first tranche of the special cash award. 
  

	 	•	 	 You remain eligible to receive annual equity awards in the form of Performance Share Units (“PSUs”) and
Restricted Share Units (“RSUs”). 

  

	 	•	 	 Additionally, Seagate will grant you a special equity grant in the amount of $1,000,000 on September 10, 2018 in the
form of Restricted Share Units (“RSUs”). One fourth of the shares subject to the RSU will vest each year on the first four anniversaries of the date of grant. 

Vesting of the awards assumes your continued employment with the Company (or an affiliate of the Company) on each vesting date. The actual value of the
Seagate shares you receive upon grant and/or vesting of the RSUs may be less than, or more than, the estimated value stated above. The future value of the Seagate shares underlying the Awards is unknown, and cannot be predicted with certainty. 

 

	 	•	 	 Seagate policy provides executives with time off for vacation and leave purposes, subject to management approval and
business need, and in accordance with applicable legal requirements. Executives do not accrue vacation or annual leave time and will not receive any payout of vacation or leave time at the end of employment. 

  
 1 

	 	•	 	 You will remain eligible to participate in Seagate’s Deferred Compensation Plan that will allow you to set aside a
percentage of your base pay and bonus on a pre-tax basis. This program is in addition to any 401(k) contributions you may make during the year. 

Your acceptance of this offer represents the sole agreement between you and Seagate regarding enhanced compensation as offered in connection with this role. No prior
promises, representations or understanding relative to any terms or conditions of this role’s related compensation are to be considered as part of this agreement unless expressed in writing in this letter. Your employment in the new position
will remain “at-will” and terminable at any time by yourself or Seagate, with or without cause or notice. However, subject to the terms set forth in the accompanying Fifth Amended and Restated
Seagate Technology Executive Severance and Change in Control (CIC) Plan (the “Plan”), you may be eligible for receipt of severance benefits allowance if your employment is terminated involuntarily by Seagate without Cause, as defined in
the Plan. A copy of the Plan accompanies this letter for your reference. 
 Congratulations on your new opportunity, Kate. I look forward to working with you to align
our organization and deliver exciting first to market storage solutions to our customers. Please contact me should you have any questions. 
 Sincerely, 

 

	
	/s/David Mosley
	David Mosley, Chief Executive Officer

 I accept the offer and terms above. 
 My effective
date will be: August 4, 2018 
  

					
	/s/ Kathryn R. Scolnick	 		 	September 6, 2018
	Kathryn R. Scolnick	 		 	Date

  

	cc:	 John Cleveland, SVP, CHRO Communications & Community Engagement 

  
 2EX-10.3

 Exhibit 10.3 
  

 
 PERSONAL AND CONFIDENTIAL 

December 3, 2018 
 Gianluca Romano 

[address removed] 
 Dear Gianluca: 

Thank you for your continued interest in a career opportunity with Seagate US LLC (“Seagate” or the “Company”) an indirect wholly-owned subsidiary of
Seagate Technology plc (“Seagate Technology”). Those of us on the Seagate leadership team have enjoyed getting to know you during our recent interactions. We believe you will bring real strength to Seagate and make significant
contributions toward helping us achieve our overall goals as we position ourselves for continued growth and market leadership. 
 Therefore, I am pleased to confirm
our offer of employment to you for the position of Chief Financial Officer and Executive Vice President, Finance. This position will be located in our Cupertino facility and you will report directly to me. We are currently planning for you to start
on January 21, 2019 as long as you submit the needed documentation in a timely manner and all contingencies described below are satisfied. 
 We have put
together a total compensation package that we believe you will find very attractive. The key elements of this offer are as follows: 
  

	 	•	 	 Your annualized base salary will be $600,000.00, payable biweekly and subject to applicable withholdings.

  

	 	•	 	 Seagate will grant you a sign-on bonus of $200,000.00 less applicable taxes. Should
your employment with Seagate terminate within two years under any circumstances in which you would not be eligible for receipt of severance benefits in accordance with the terms of the Fifth Amended and Restated Seagate Technology Executive
Severance and Change in Control (CIC) Plan, then you will be required to repay the full amount of this bonus. 

  

	 	•	 	 Seagate Technology will grant you an equity award in the form of Options and Threshold Performance Share Units
(“TPSUs”) with a combined estimated value of $2,400,000.00, subject to your beginning active employment with Seagate on the agreed-upon start date. Your awards are generally granted on the
20th of the month following your hire date by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Seagate Technology (the “Board), or its duly
appointed representative. 

 Options: The number of Options to be awarded is equal to 50% of the equity
estimated value, divided by the option fair value on the date of grant, rounded up to the nearest share. 
 Vesting Schedule: One fourth of the shares
subject to the Option will vest on the first anniversary of the date of grant and 1/48th of the Options will vest each month thereafter over the next three years. 

Expiration Date: Generally, your Option will expire seven years from the date of grant or, if earlier, upon termination of your service with Seagate.
Your Option may not be exercised after it expires. 
 Exercise Price: The exercise price of your Option will be the closing share price on NASDAQ on
the date of grant. 
 Threshold Performance Share Units (TPSUs): The number of TPSUs to be awarded is equal to 50% of the equity
estimated value, divided by closing share price on the date of grant, rounded up to the nearest share. 
 Vesting Schedule: The attached
schedule explains how the TPSUs will vest, provided that the award will not vest sooner than at a rate of 25% per year. 

  
 1 

 Vesting of the awards assumes your continued employment with the Company (or an affiliate of the Company)
on each vesting date. The actual value of the Seagate shares you receive upon grant and/or vesting of the TPSUs or exercise of the Options may be less than, or more than, the estimated value stated above. The future value of the Seagate shares
underlying the Awards is unknown, and cannot be predicted with certainty. 
 An email will be sent to you shortly after the grant date confirming the
exercise price of your Option. You will receive your award agreements within a reasonable period of time thereafter. If there are any inconsistencies between this letter and your award agreements, the terms of the award agreements will govern and be
binding on both you and Seagate Technology. 
  

	 	•	 	 As a key leader, you will be eligible to participate in the Seagate Executive Performance Bonus plan, which has a target of
100% of your base salary. Your bonus award may vary based on company performance and an evaluation of your performance at the end of the fiscal year. The bonus payment is at the sole discretion of the Board and the Compensation Committee.

  

	 	•	 	 You will be provided with relocation services and expenses per company policy, a copy of which accompanies this letter.

  

	 	•	 	 Seagate offers you a comprehensive benefits package including medical, dental, life insurance, vision, flexible spending
accounts, and much more. A detailed description of these benefits can be reviewed on the Seagate careers website, or press “Ctrl” and click here. 

 

	 	•	 	 Seagate policy provides executives with time off for vacation and leave purposes, subject to management approval and
business need, and in accordance with applicable legal requirements. Executives do not accrue vacation or annual leave time and will not receive any payout of vacation or leave time at the end of employment. 

 

	 	•	 	 You will be eligible to participate in Seagate’s Deferred Compensation Plan that will allow you to set aside a
percentage of your base pay and bonus on a pre-tax basis, beginning at the next enrollment period. This program is in addition to any 401(k) contributions you may make during the year. 

Contingencies: 
 This offer is contingent upon the following: 

 

	 	•	 	 Satisfactory completion of a background investigation, reference checks, and obtaining an export license, if required. U.S.
citizens and permanent residents are not subject to export control license requirements, but an export license application may be required in other certain circumstances. Please complete and return the attached forms immediately so that we may begin
the required checks. We will notify you when the background investigation has been successfully completed and we have confirmed that you are not subject to export control license requirements. 

 

	 	•	 	 If you currently serve on any Boards of Directors or Advisory Boards, please advise us of the nature of these
organizations. We will review your board service with you and consent to your continuing with these activities so long as they do not create any actual conflict of interest or potential appearance of a conflict of interest with your new Seagate
duties. 

  

	 	•	 	 Your review and signing of the enclosed Seagate “At-Will Employment,
Confidential Information and Invention Assignment Agreement”. Please bring the document along to sign and have witnessed on your first day of employment. 

Your confirmation and acceptance of this offer represents an agreement between you and Seagate regarding the terms and conditions of your employment at Seagate. No prior
promises, representations or understanding relative to any terms or conditions of this offer of employment are to be considered as part of this agreement unless expressed in writing in this letter. Your employment in this position at Seagate will be
“at-will” and terminable at any time by yourself or Seagate, with or without cause or notice. However, subject to the terms set forth in the accompanying Fifth Amended and Restated Seagate Technology
Executive Severance and Change in Control Plan (the “Plan”), you may be eligible for receipt of severance benefits allowance if your employment is terminated involuntarily by Seagate without Cause, as defined in the Plan. A copy of the
Plan accompanies this letter for your reference. 

  
 2 

 Dave Mosley and our management team is excited about the possibility of you joining our team as soon as possible. In the
event that you have not accepted this offer by 5 business days after offer date, or you are not able to begin full-time employment with Seagate by January 21, 2018, this offer will be null and void. 

I look forward to a successful conclusion to our discussions and a close working relationship. We are confident that you will enjoy working on the Seagate team as we
embark upon important and exciting change efforts aimed at connecting Seagate with a world of new partners, customers and opportunities. 
 Sincerely, 

SEAGATE US LLC 
 David Mosley, CEO 

I accept the offer above. 
  

					
	My start date will be: January 8, 2019	 		 	
			
	  /s/ Gianluca Romano	 		 	December 3, 2018
	Gianluca Romano	 		 	  
 Date

 cc: John Cleveland, CHRO 
 To expedite the
process, please complete the forms* below and email to [e-mail address removed] In addition, if you have not already done so, please email a copy of your resume. 

Attachments: 
 At-Will Employment,
Confidential Information and Invention Assignment Agreement (Read Only) 
 Copy of Offer Letter to be signed and returned* 

Employment/Work Assignment Questionnaire* 
 Global ID Activation Request* 

Fifth Amended and Restated Seagate Technology Executive Severance and Change in Control Plan 

TPSU Vesting Schedule 
 Relocation agreement* 

  
 3

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