Document:

Exhibit 10.2

 Exhibit 10.2 
 FOIA CONFIDENTIAL 
 TREATMENT REQUESTED 

 
 November 15, 2011 
 Mr. Frankie Lo Executive Vice President & COO 
 SAE Magnetics (H.K.) Ltd. 

Re: Minimum Volumes of Sliders & HGAs 
 This letter, once mutually executed, will form our agreement on those terms set forth below regarding a purchase and supply commitment, under which SAE Magnetics (H.K.) Ltd. and its affiliates
(“SAE”) will manufacture and sell sliders and head gimbal assemblies (“HGAs”) to Western Digital Technologies, Inc. (“WD”). 
 1. Supply of Sliders and HGAs. WD agrees to purchase from SAE, and SAE agrees to manufacture and sell to WD, the minimum volumes of sliders and HGAs shown in the rows entitled TPC [***], and TPC
[***], and SAE Turnkey HGA, as set forth in Attachment A, for a [***] term beginning CQ1’12 [***] (“Term”). The parties also agree that WD may revisit at a later date the volumes set forth in the row entitled [***] in Attachment A.

 2. Additional Terms. By the end of the [***] of the Term, the parties shall jointly discuss any future purchase and sale
volumes for periods occurring after the Term. The parties shall also review volume/mix at each quarter for tactical adjustments to best fit other component availability conditions for maximum utilization of quarterly capacity in SAE, including the
facility located in the Philippines (“TPC”).  
 3. Payment Terms. Pricing [***], and shall be negotiable
quarterly, [***] supply relationship between WD and SAE regarding sliders and HGAs. 
 4. Prepayment. WD shall prepay SAE a total of
[***] upfront, prior to the start of the Term, as a deposit for the minimum purchase volumes during CQ1’12 [***] that are identified in Attachment A. On a quarterly basis, until the end of [***], or until the prepayment is paid off, whichever
comes first, SAE will pay WD [***] per each slider and [***] per each HGA that WD purchases in excess of a baseline TPC purchase volume of [***] and a Turnkey HGA purchase volume of [***] in each respective calendar quarter. For example, if WD
purchased [***] sliders and HGAs from TPC and [***] Turnkey HGAs from SAE in CQ1’12, SAE would pay WD [***] at the beginning of CQ2’12, [***]. Any remaining deposit at the end of [***]. In addition, any [***] volume will be excluded from
the prepayment payback. 
  

	*	Indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

 Exhibit 10.2 
 FOIA CONFIDENTIAL 
 TREATMENT REQUESTED 

 
 5. Additional Costs. WD shall pay SAE upfront a total of [***] for
tooling/fixture costs, regarding the volumes set forth in the rows entitled TPC [***] in Attachment A, as well as an additional upfront payment of [***] for shipping and assembly cost. 
 6. [***] Sliders. SAE agrees to manufacture up to [***] sliders per month out of SAE China, for WD’s development purposes, using WD wafers. WD agrees to pay an upfront tooling fee of [***] for
the manufacture of these [***] sliders. 
 If those terms set forth above are acceptable to SAE, please execute and return a copy of this letter
to me. 
 Sincerely yours, 
  

			
	WESTERN DIGITAL TECHNOLOGIES, INC.
		
	By:	 	/s/ Rubik Babakanian        
		 	 Rubik Babakanian
 Senior
Vice President
 Chief Procurement Officer

  

			
	 AGREED:
  

SAE MAGNETICS (H.K.) LTD.

		
	By:	 	/s/ Frankie Lo        
		 	 Frankie Lo
 Executive Vice
President & COO

  

	*	Indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

 Exhibit 10.2 
 FOIA CONFIDENTIAL 
 TREATMENT REQUESTED 

 
 Attachment A 

Minimum Volumes 
  

				September 30,				September 30,				September 30,				September 30,				September 30,				September 30,				September 30,				September 30,				September 30,				September 30,	
	[***]	 				 				 				 				 				 				 				 				 				 			
											
		 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
											
	 Consign Wafer:
	 				 				 				 				 				 				 				 				 				 			
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
											
	 TPC    [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
	 [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
											
	 Turnkey HGA:
	 				 				 				 				 				 				 				 				 				 			
	 SAE    [***]
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
											
	 Grand Total Slider + HGA:
	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 	 	 	[***	] 
										
		 				 				 				 	 	[***]	  	 				 				 				 				 			

  

	*	Indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.EX-10.24

 Exhibit 10.24 

 
 [Recipient’s Name] 

 
 RESTRICTED STOCK AGREEMENT 

 
 OMNOVA SOLUTIONS INC. 

 
 [Date] 

 
 AGREEMENT, made in Fairlawn, Ohio as of
                    ,              between OMNOVA Solutions Inc., an Ohio corporation
(“Company”) and the undersigned employee of the Company (“Employee”). 
  
 WHEREAS, the Company desires to increase Employee’s identification with the interests of its shareholders and to provide a further retention incentive for Employee’s continued service to the
Company by granting to Employee                      (            ) shares of OMNOVA
Solutions Inc. Common Stock, $0.10 par value per share (“Shares”), subject to the conditions and restrictions set forth in this Restricted Stock Agreement (“Agreement”). 
  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth in this Agreement and for
other good and valuable consideration, the parties hereto agree as follows: 
  
 1. Grant of Shares. As consideration for services to be rendered, the Company will issue in the name of Employee
                     (            ) Shares which shall be subject to restrictions
described below and shall be legended as Restricted Stock subject to the terms of the Restricted Stock Agreement. 
  

2. Escrow of Shares During Restriction Period. In aid of the restrictions to which the Shares shall be subject pursuant to this
Agreement, the Shares shall be deposited in the name of the Employee with the Shareholder Services Department of the Company and shall be so held by the Company, subject to the provisions of Sections 6, 10 and 11, until the vesting provisions set
forth in Section 6 of this Agreement shall have been satisfied (“Restriction Period”). 
  

3. Shareholder Rights. Employee shall, during the Restriction Period, have the right to vote all Shares deposited hereunder and to
receive all dividends and other distributions paid with respect to such Shares. 
  
 4. Automatic Dividend Reinvestment. As to the Shares deposited hereunder, Employee shall be automatically enrolled in OMNOVA’s dividend reinvestment program, pursuant to the standard terms and
conditions of participation. Additional shares of OMNOVA common stock accumulated pursuant to the dividend reinvestment feature shall be subject to the Restriction Period and will vest pursuant and subject to the same terms and conditions as the
Shares granted hereunder. 

 5. Adjustments. Shares issued pursuant to this Agreement and held by the Company
during the Restriction Period will be subject to the same adjustment, if any, accorded to all other outstanding shares in the event of (i) any change in the total number of shares of common stock of the Company outstanding or the number or kind
of securities into which shares have been changed, (ii) any reorganization or change in the Company’s capital structure, or (iii) any other transaction or event having an effect similar to the foregoing. 

 
 6. Vesting. Unless vesting is accelerated pursuant to
paragraphs 7 or 10 hereof, ownership of the Shares deposited hereunder shall vest irrevocably in the Employee on                     ,
                . 
  
 7. Change in Control. 
  
 (a) Notwithstanding paragraph 6 above, the ownership of the Shares granted hereby shall automatically vest, the Restriction Period shall terminate, all restrictions shall lapse and delivery to Employee of
certificate(s) representing such Shares shall occur immediately, if at any time during the Restriction Period a Change in Control (as defined herein) shall occur. 

 
 (b) For purposes of this Agreement, “Change in
Control” shall mean the occurrence during the term of this Agreement of any of the following events: 
  

(i) a change in the ownership of the Company, such that any one person, or more than one person acting as a group (as determined under
Section 409A of the Code and the related regulations), acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of
the stock of the Company; or 
  
 (ii) a change in
the effective control of the Company, such that either: 
  
 (x) any one person, or more than one person acting as a group (as determined under Section 409A of the Code and the related regulations), acquires (or has acquired during the 12-month period ending
on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of the Company; or 
  
 (y) a majority of members of the Board is replaced during any 12-month period by Directors
whose appointment or election is not endorsed by a majority of the members of the Board before the date of the appointment or election in accordance with the provisions of Treasury Regulation Section 1.409A-3(i)(5); or 

 (iii) a change in the ownership of a substantial portion of the Company’s assets, such
that any one person, or more than one person acting as a group (as determined under Section 409A of the Code and the related regulations), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by
such person or persons) assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions.

  
 8. Restrictions on Transfer. During the
Restriction Period, the Shares may not be sold, transferred, pledged, assigned, alienated or hypothecated, or otherwise transferred to another person whether by operation of law or otherwise, except by will, the laws of descent and distribution or a
qualified domestic relations order. 
  
 9.
Beneficiary Designation. Employee may designate any beneficiary or beneficiaries (contingently or successively) to whom Shares are to be paid if Employee dies during the Restriction Period, and may at any time revoke or change any such
designation. Absent such designation, any Shares which are due to Employee under this Agreement upon Employee’s death will be payable to Employee’s estate. The designation of a Beneficiary will be effective only when Employee has delivered
a completed Designation of Beneficiary form to the Company’s Secretary. A successive designation of Beneficiary will revoke a prior designation. 
  

10. Termination Due to Death, Disability, or Retirement. If Employee’s employment by the Company terminates by reason of his
or her death, disability or retirement, Shares not already vested, if any, shall automatically vest, the Restriction Period shall terminate and all restrictions shall lapse. The term “retire” or “retirement” shall mean a
Separation from Service from the Company at a time when the employee meets the age and/or years of service criteria which would make the employee eligible to commence immediately receiving retirement benefits from the OMNOVA Solutions Inc.
Consolidated Pension Plan (the “Pension Plan”), whether or not a Participant in the Pension Plan. 
  

11. Termination Due to Other Reasons. If Employee’s employment by the Company terminates for any reason other than a reason
set forth in paragraph 10 above, Shares which have not vested prior to such date of termination will be forfeited and cancelled as of such date. Notwithstanding the foregoing, by a majority vote of the directors then in office, the Board shall have
the right, in its sole discretion, to waive the forfeiture of all or any portion of such Shares subject to such terms as it deems appropriate. 
  

12. Withholding of Taxes. Any taxes which the Company determines are required to be withheld upon vesting of the Restricted Stock
will be satisfied by the Company withholding from the shares of Restricted Stock otherwise deliverable to Employee such number of shares as has a fair market value equal to the minimum amount required to be withheld to satisfy Employee’s tax
withholding obligation. The fair market value of each share of Restricted Stock shall be equal to (i) the closing price of Common Shares as reported in the New York Stock Exchange Composite Transactions in the Wall Street Journal or
similar publication selected by the Board for the relevant date if Common Shares were traded on such day or, if none were 

 
then traded, the last prior day on which Common Shares were so traded, or (ii) if clause (i) does not apply, the fair market value of the Common Shares as determined by the Board.

  
 13. Disputes. The Board shall have full
and exclusive authority to determine all disputes and controversies concerning the interpretation of this Agreement by a majority vote of the directors then in office. 

 
 14. Notices. All written notices and communications
directed to the Company pursuant to this Agreement must be addressed to OMNOVA Solutions Inc., 175 Ghent Road, Fairlawn, Ohio 44333-3300; Attention: Secretary. All communications directed to Employee pursuant to this Agreement will be mailed to the
Employee’s current address as recorded on the payroll records of the Company. 
  
 15. Governing Law. To the extent not preempted by federal law, this Agreement will be governed by and interpreted in accordance with the laws of the State of Ohio. 

 
 IN WITNESS WHEREOF, this Agreement has been executed by a
duly authorized officer of the Company and by the Employee as of the          day of                     .

  

			
	 OMNOVA Solutions Inc.

		
	 By:
	 	  

		 	 Kevin M. McMullen

		 	 Chairman and Chief Executive Officer

  
 Agreed to and accepted: 

 

	
	
	  
	Employee*

  
  
 Sign and return one copy by                     ,
                 to OMNOVA Solutions Inc., 175 Ghent Road, Fairlawn, Ohio 44333-3300; Attention: Secretary.

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