Document:

EX-10.20

 Exhibit 10.20 

 
 SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 

AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN 
  

	1.	 PURPOSE 

The purpose of this Plan is to provide an opportunity for Employees of Seagate Technology Holdings plc, an Irish company and its Designated
Subsidiaries to purchase Ordinary Shares and thereby to have an additional incentive to contribute to the prosperity of the Corporation. It is the intention of the Corporation that the Plan qualify as an “Employee Stock Purchase Plan”
under Section 423 of the Code and the Plan shall be administered in accordance with this intent (the “423 Plan”). In addition, the Plan authorizes the grant of options pursuant to
sub-plans or special rules adopted by the Committee designed to achieve desired tax or other objectives in particular locations outside of the United States (together such
sub-plans and special rules are referred to herein as “Non-423 Sub-Plans”), which
Non-423 Sub-plans shall not be required to comply with the requirements of Section 423 of the Code or all of the specific provisions of the Plan, including but not
limited to terms relating to eligibility, Offering Periods, Purchase Periods or Purchase Price. 
  

	2.	 DEFINITIONS 

  

	 	2.1	 “Applicable Law” shall mean the legal requirements relating to the administration of an
employee stock purchase plan under applicable Irish corporate laws, U.S. federal and applicable state laws (including the Code) and any stock exchange rules or regulations and the applicable laws governing the grant of options and the issuance of
shares under an employee stock purchase plan in any country or jurisdiction where the Plan will be offered, as such laws, rules, regulations and requirements shall be in place from time to time. 

 

	 	2.2	 “Beneficial Owner” means the definition given in Rule
13d-3 promulgated under the Exchange Act. 

  

	 	2.3	 “Board” shall mean the Board of Directors of the Corporation. 

 

	 	2.4	 “Change of Control” shall mean the consummation or effectiveness of any of the following
events: 

  

	 	(i)	 The sale, exchange, lease or other disposition of all or substantially all of the assets of the Corporation to
a person or group of related persons, as such terms are defined or described in Sections 3(a)(9) and 13(d)(3) of the Exchange Act; 

  
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	 	(ii)	 A merger, reorganization, recapitalization, consolidation or other similar transaction involving the
Corporation in which the voting securities of the Corporation owned by the shareholders of the Corporation immediately prior to such transaction do not represent more than fifty percent (50%) of the total voting power of the surviving controlling
entity outstanding immediately after such transaction; 

  

	 	(iii)	 Any person or group of related persons, as such terms are defined or described in Sections 3(a)(9) and 13(d)(3)
of the Exchange Act, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the voting securities of the Corporation (including by way of merger, takeover (including an acquisition by means of a
scheme of arrangement), consolidation or otherwise); or 

  

	 	(iv)	 During any period of two (2) consecutive years, individuals who at the beginning of such period
constituted the Board (together with any new directors whose election by such Board or whose nomination for election by the shareholders of the Corporation was approved by a vote of a majority of the directors of the Corporation then still in
office, who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board then in office. 

Notwithstanding the foregoing, a restructuring of the Corporation for the purpose of changing the domicile of the Corporation (including, but
not limited to, any change in the structure of the Corporation resulting from the process of moving its domicile between jurisdictions), reincorporation of the Corporation or other similar transaction involving the Corporation (a
“Restructuring Transaction”) will not constitute a Change of Control if, immediately after the Restructuring Transaction, the shareholders of the Corporation immediately prior to such Restructuring Transaction represent, directly or
indirectly, more than fifty percent (50%) of the total voting power of the surviving entity. 
  

	 	2.5	 “Code” shall mean the U.S. Internal Revenue Code of 1986, as amended. Any
reference herein to a section of the Code or United States Treasury Regulation thereunder shall include a reference to any successor or amended section of the Code or Treasury Regulations. 

 

	 	2.6	 “Committee” shall mean the committee appointed by the Board in accordance with Section 15
of the Plan. 

  

	 	2.7	 “Companies Act” shall mean the Companies Act 2014 of Ireland. 

  
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	 	2.8	 “Compensation” shall mean an Employee’s base cash compensation and commissions, but shall
exclude such items as allowances, differentials, bonuses or premiums such as those for working shifts or overtime, payments for incentive compensation, incentive payments, bonuses, income from the exercise, vesting and/or the sale, exchange or other
disposition of a compensatory share award granted to the Employee by the Corporation or a Designated Subsidiary, and other forms of extraordinary compensation. The Committee shall have the authority to determine and approve all forms of pay to be
included in the definition of Compensation and may change the definition on a prospective basis. 

  

	 	2.9	 “Corporation” shall mean Seagate Technology Holdings plc, a public company incorporated under
the laws of the Republic of Ireland with limited liability under registered number 606203, or any successor thereto. 

  

	 	2.10	 “Designated Subsidiary” shall mean a Subsidiary that has been designated by the Committee in
its sole discretion as eligible to participate in the Plan with respect to its Employees. 

  

	 	2.11	 “Effective Date” shall mean the date on which the registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission pursuant to Rule 424 under the Securities Act for the initial public offering of Seagate Technology common stock (the “Registration
Statement”) became effective. 

  

	 	2.12	 “Employee” shall mean an individual classified as an employee (within the meaning of Code
Section 3401(c) and the regulations thereunder) by the Corporation or a Designated Subsidiary on the Corporation’s or such Designated Subsidiary’s payroll records. Individuals classified as independent contractors, consultants,
advisers, or members of the Board or the board of directors of a Designated Subsidiary are not considered “Employees” by virtue of such station. 

  

	 	2.13	 “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended.

  

	 	2.14	 “Fair Market Value” shall mean, as of any date of determination (i.e., an Offering Date or
Purchase Date, as appropriate), the value of a Share determined as follows: (i) if the Ordinary Shares are listed on any established stock exchange (including the New York Stock Exchange) or traded on the NASDAQ Global Select Market, the Fair
Market Value of a Share shall be the closing per-share sales price of such Shares as reported on such date on the Composite Tape of the principal national securities exchange on which such Shares are listed or
admitted to trading or, if no Composite Tape exists for such national securities exchange on such date, then on the principal national securities exchange on which such Shares are listed or admitted to trading; or (ii) if the Shares are not
listed or admitted to trading on a national securities exchange, then the Fair Market Value of a Share shall be determined in good faith by the Board, and, to the extent appropriate, based on the application of a reasonable valuation method.

  
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	 	2.15	 “Offering Date” shall mean the first Trading Day of an Offering Period under the Plan.

  

	 	2.16	 “Offering Period” shall mean a period during which options to purchase Ordinary Shares may be
granted pursuant to the Plan and may be purchased on one or more Purchase Dates. The duration and timing of Offering Periods may be changed or modified by the Committee from time to time in accordance with Section 4.3. 

 

	 	2.17	 “Offering Price” shall mean the Fair Market Value of a Share on the Offering Date of an
Offering Period. 

  

	 	2.18	 “Officer” shall mean a person who is an officer of the Corporation within the meaning of
Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 

  

	 	2.19	 “Ordinary Share” or “Share” means an ordinary share of the Corporation,
nominal value US$0.00001. 

  

	 	2.20	 “Participant” shall mean a participant in the Plan as described in Section 5 of the Plan.

  

	 	2.21	 “Plan” shall mean this Employee Stock Purchase Plan, as amended and restated.

  

	 	2.22	 “Purchase Date” shall mean the last Trading Day of each Purchase Period.

  

	 	2.23	 “Purchase Period” shall mean one or more periods within an Offering Period as
may be specified by the Committee in accordance with Section 4.3. 

  

	 	2.24	 “Purchase Price” shall have the meaning set out in Section 8.2. 

 

	 	2.25	 “Securities Act” shall mean the U.S. Securities Act of 1933, as amended.

  

	 	2.26	 “Shareowner” shall mean a record holder of Ordinary Shares entitled to vote such Shares under
the Corporation’s by-laws. 

  

	 	2.27	 “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, which is also a
subsidiary within the meaning of Section 155 of the Companies Act. 

  
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	 	2.28	 “Trading Day” shall mean a day on which U.S. national stock exchanges and the national market
system are open for trading and the Ordinary Shares are being publicly traded on one or more of such exchanges or markets. 

  

	3.	 ELIGIBILITY 

3.1 Any individual who is an Employee on an Offering Date shall be eligible to participate in the Plan with respect to the Offering Period
commencing on such Offering Date. The Committee may establish administrative rules requiring that an individual be an Employee for 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. 
 3.2 The Committee may 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). 

3.3 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)) Ordinary Shares, including Shares 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 securities of the Corporation or of any of its Subsidiaries. 
 3.4 Employees who are
citizens or residents of a non-U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens within the meaning of Section 7701(b)(1)(A) of the
Code) may be excluded from participation in the Plan if the participation of such Employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan to violate Code
Section 423 (or to the extent permitted under Code Section 423). In the case of any Non-423 Sub-Plan adopted pursuant to Section 16, Employees may be
excluded from participation in the Plan if the Committee has determined that participation of such Employees is not advisable or practicable. 

3.5 All Employees who participate in the Plan or in any separate offering thereunder shall have the same rights and privileges under the Plan
or offering, except for differences that may be mandated by Applicable Law and that are consistent with Code Section 423(b)(5); provided that individuals participating in a Non-423 Sub-Plan adopted pursuant to Section 16 need not have the same rights and privileges as Employees participating in the 423 Plan. 

  
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 3.6 Employees may not participate in more than one Offering Period at a time. 

 

	4.	 OFFERING PERIODS AND PURCHASE PERIODS 

4.1 Offering Periods. 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) in accordance with Section 4.3. 

4.2 Purchase Periods. With respect to Offering Periods commencing on or after February 1, 2006, each Offering Period shall
generally consist of one 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. 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 in accordance with Section 4.3. 

4.3 Changes to Offering Periods and Purchase Periods. The Committee will have the authority to establish additional or alternative
sequential or overlapping Offering Periods than specified under Section 4.1, a different number of Purchase Periods within an Offering Period than specified under Section 4.2, a different duration for one or more Offering Periods or
Purchase Periods or different commencement or ending dates for such Offering Periods with respect to future offerings without shareholder approval if such change is announced at least five (5) days prior to the scheduled beginning of the first
Offering Period to be affected thereafter, provided, however, that no Offering Period may have a duration exceeding twenty-seven (27) months. In addition, to the extent that the Committee establishes overlapping Offering Periods with more than
one Purchase Period in each Offering Period, the Committee will have discretion to structure an Offering Period so that if the Fair Market Value of the Ordinary Shares on any Purchase Date within an Offering Period is less than or equal to the Fair
Market Value of the Ordinary Shares on the first Trading Day of that Offering Period, then (i) that Offering Period will terminate immediately as of that first Trading Day, and (ii) the Participants in such terminated Offering Period will
be automatically enrolled in a new Offering Period beginning on the first Trading Day of such new Purchase Period. 

  
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 4.4 Separate Offerings. Unless otherwise specified by the Committee, each offering of
the Plan to Employees of the Corporation or a Designated Subsidiary shall be deemed a separate offering for purposes of Section 423 of the Code, even if the dates and other terms of the applicable Offering Periods of each such offering are
identical, and the provisions of the Plan will separately apply to each such separate offering. With respect to the 423 Plan, the terms of separate offerings need not be identical provided that the terms of the Plan and each separate offering
together satisfy Section 423 of the Code. 
  

	5.	 PARTICIPATION 

5.1 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 during the Offering Period. All payroll deductions will be held in a
general corporate account or a trust account, unless otherwise required by Applicable Law. No interest shall be paid or credited to the Participant with respect to such payroll deductions, unless otherwise required by Applicable Law. The Corporation
shall maintain a separate bookkeeping account for each Participant under the Plan and the amount of each Participant’s payroll deductions shall be credited to such account. A Participant may not make any additional payments into such account,
unless payroll deductions are prohibited under Applicable Law, in which case the provisions of Section 5.3 of the Plan shall apply. 

5.2 Once an Employee becomes a Participant in an Offering Period, then such Participant will automatically participate in each subsequent
Offering Period commencing immediately following the last day of such prior Offering Period at the same contribution level unless the Participant withdraws from the Offering Period as set forth in Section 5.4 below or otherwise changes his or
her rate of contribution as set forth in Section 5.5 below. A Participant that is automatically enrolled in a subsequent Offering Period pursuant to this Section 5.2 is (i) not required to file any additional enrollment form in order
to continue participation in the Plan and (ii) will be deemed to have accepted the terms and conditions of the Plan, any Non-423 Sub-Plan and enrollment form in
effect at the time each subsequent Offering Period begins, subject to Participant’s right to withdraw from the Plan in accordance with the withdrawal procedures in effect at the time. 

5.3 Notwithstanding any other provisions of the Plan to the contrary, in locations where Applicable Law prohibits payroll deductions, an
eligible Employee may elect to participate through contributions to his or her account under the Plan in a form acceptable to the Committee. In such event, any such Employees shall be deemed to be participating in a
Non-423 Sub-Plan, unless the Committee otherwise expressly provides that such Employees shall be treated as participating in the Plan or a separate offering thereunder.

  
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 5.4 Under procedures and at times established by the Committee, a Participant may withdraw
from the Plan during a Purchase Period, by completing and filing a new payroll deduction authorization and Plan enrollment form with the Corporation or by following electronic or other procedures prescribed by the Committee. If a Participant
withdraws from the Plan during a Purchase Period, his or her accumulated payroll deductions will be refunded to the Participant without interest (unless payment of interest is required by Applicable Law), his or her right to participate in the
current Offering Period will be automatically terminated and no further payroll deductions for the purchase of Ordinary Shares will be made during the Offering Period. The Committee may establish rules pertaining to the timing of withdrawals,
limiting the frequency with which Participants may withdraw and re-enroll in the Plan and may impose a waiting period on Participants wishing to re-enroll following
withdrawal.  
 5.5 A Participant may change his or her rate of contribution through payroll deductions only during an open enrollment
period or such other times specified by the Committee by filing a new payroll deduction authorization and Plan enrollment form or by following electronic or other procedures prescribed by the Committee. If a Participant has not followed such
procedures to change the rate of contribution, the rate of contribution shall continue at the originally elected rate throughout the Purchase Period and future Purchase Periods (including Purchase Periods of subsequent Offering Periods).
Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code, the Committee may reduce a Participant’s payroll deductions to zero percent (0%) at any time during a Purchase Period scheduled to end
during the current calendar year. Payroll deductions shall re-commence at the rate provided in such Participant’s enrollment form at the beginning of the first Purchase Period which is scheduled to end in
the following calendar year, unless terminated by the Participant as provided in Section 5.4. 
  

	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. Notwithstanding the foregoing, 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 or a Designated Subsidiary. 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 Applicable Law). 

  
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 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-Plan, subject to the Participant’s right to withdraw from the Plan in accordance with the withdrawal procedures in effect at such time. 

If a Participant transfers employment from a Designated Subsidiary participating in a Non-423 Sub-Plan to the Corporation or a Designated Subsidiary participating in the 423 Plan, any accumulated payroll deductions taken while the Participant was employed by a Designated Subsidiary participating in a Non-423 Sub-Plan shall be used to purchase Shares under the applicable Non-423 Sub-Plan on the
next Purchase Date following such transfer; however, no new payroll deductions shall be taken for the remainder of the Purchase Period in which the transfer occurs, and as of the next Offering Date following such transfer, the Participant shall
participate in the 423 Plan and payroll deductions shall automatically resume and be used to purchase Shares under the 423 Plan, subject to the Participant’s right to withdraw from the Plan in accordance with the withdrawal procedures in effect
at such time. 
 Notwithstanding the foregoing provisions of this Section 6.3, the Committee may establish additional and/or different
rules to govern transfers of employment among the Corporation and any Designated Subsidiary, consistent with any applicable requirements of Code Section 423 and the terms of the Plan. 

  
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	7.	 SHARES 

Subject to adjustment as set forth in Section 11, the maximum number of Ordinary Shares, which may be issued pursuant to the Plan shall be
sixty million (60,000,000) Shares. Subject to adjustment as set forth in Section 11, the maximum number of Shares that may be granted collectively to all Participants within any given Purchase Period is one and
one-half million (1,500,000) Shares, unless and until the Board determines otherwise with respect to a Purchase Period. If, on a given Purchase Date, the number of Shares with respect to which options are to
be exercised exceeds either maximum, the Corporation shall make pro rata allocation of the Shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable. The Shares subject to the
Plan may be unissued Shares or reacquired Shares, bought on the market or otherwise. For avoidance of doubt, up to the maximum number of Ordinary Shares reserved under this Section 7 may be used to satisfy purchases of Ordinary Shares
under the 423 Plan and any remaining portion of such maximum number of Ordinary Shares may be used to satisfy purchases of Ordinary Shares under any Non-423 Sub-Plans.

  

	8.	 OFFERING 

8.1 On the Offering Date of each Offering Period, each eligible Employee participating in the Plan shall be granted an option to purchase that
number of whole Shares, not to exceed one thousand (1,000) Shares (or such other number of Shares as determined by the Committee and subject to adjustment as set forth in Section 11), which may be purchased with the payroll deductions
accumulated on behalf of such Employee during each Purchase Period at the purchase price specified in Section 8.2 below, subject to the additional limitation that no Employee participating in the Section 423 Plan shall be granted an option
to purchase Shares under the Plan if such option would permit his or her rights to purchase Shares under all employee stock purchase plans (described in Section 423 of the Code) of the Corporation and its Subsidiaries to accrue at a rate which
exceeds U.S. twenty-five thousand dollars (U.S. $25,000) of the Fair Market Value of such Shares (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time. For purposes of the Plan, an
option is “granted” on a Participant’s Offering Date. An option will expire upon the earlier to occur of (i) the termination of a Participant’s participation in the Plan or such Offering Period, (ii) the grant of an
option to such Participant on a subsequent Offering Date, or (iii) the termination of the Offering Period. This Section 8.1 shall be interpreted so as to comply with Code Section 423(b)(8). 

8.2 The Purchase Price under each option shall be with respect to a Purchase Period the lower of (i) a percentage (not less than
eighty-five percent (85%)) established by the Committee (“Designated Percentage”) of the Offering Price, or (ii) the Designated Percentage of the Fair Market Value of a Share on the 

  
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Purchase Date on which the Shares are purchased; provided that the Purchase Price may be adjusted by the Committee pursuant to Sections 11 or 12 in accordance with Section 424(a) of the
Code. The Committee may change the Designated Percentage with respect to any future Offering Period, but not to below eighty-five percent (85%), and the Committee may determine with respect to any prospective Offering Period that the purchase price
shall be the Designated Percentage of the Fair Market Value of a Share on the Purchase Date. 
  

	9.	 PURCHASE OF SHARES 

Unless a Participant withdraws from the Plan as provided in Section 5.4 or except as provided in Sections 12 or 14 hereof, on the last
Trading Day of each Purchase Period, a Participant’s option shall be exercised automatically for the purchase of that number of whole Shares which the accumulated payroll deductions credited to the Participant’s account at that time shall
purchase at the applicable price specified in Section 8.2. 
 At the time the Shares are purchased or at the time some or all of the
Shares issued under the Plan are disposed of (or at any other time that a taxable event related to the Plan occurs), the Participant must make adequate provision for any withholding obligation of the Corporation or a Designated Subsidiary with
respect to federal, state, local and foreign income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to participation in the Plan and legally
applicable to the Participant (including any amount deemed by the Committee, in its sole discretion, to be an appropriate charge to Participant even if legally applicable to the Corporation or the Participant’s employer). At any time, the
Corporation or the Participant’s employer may withhold from the Participant’s wages or other cash compensation the amount necessary for the Corporation or the Participant’s employer to meet applicable withholding obligations,
including any withholding required to make available to the Corporation or the Participant’s employer any tax deductions or benefits attributable to the sale or early disposition of the Shares by the Participant. In addition or in the
alternative, the Corporation or the Participant’s employer may withhold from the proceeds of the sale of Shares or by any other method of withholding the Corporation or the Participant’s employer deems appropriate. 

 

	10.	 PAYMENT AND DELIVERY 

As soon as practicable after the exercise of an option, the Corporation shall deliver to the Participant a record of the Ordinary Shares
purchased and the balance of any amount of payroll deductions credited to the Participant’s account not used for the purchase, except as specified below. The Committee may permit or require that Shares be deposited directly with a broker
designated by the Committee or to a designated agent of the Corporation, and the Committee may utilize electronic or automated methods of share transfer. The Committee may require that Shares be retained with such broker or agent for a designated
period of time and/or may establish other procedures to permit tracking of the disposition 

  
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of such Shares. The Corporation shall retain the amount of payroll deductions used to purchase Shares as full payment for the Shares and the Shares shall then be fully paid and non-assessable. No Participant shall have any voting, dividend or other Shareowner rights with respect to Shares subject to any option granted under the Plan until the Shares subject to the option have been
purchased and delivered to the Participant as provided in this Section 10. The Committee may in its discretion direct the Corporation to retain in a Participant’s account for the subsequent Purchase Period or Offering Period any payroll
deductions which are not sufficient to purchase a whole Share or return such amount to the Participant. Any other amounts that may be left over in a Participant’s account after a Purchase Date shall be returned to the Participant. 

 

	11.	 RECAPITALIZATION 

Subject to any required action by the Shareowners of the Corporation, if there is any change in the outstanding Ordinary Shares because of a
merger, consolidation, spin-off, reincorporation, reorganization, recapitalization, dividend in property other than cash, share split, reverse share split, share dividend, liquidating dividend, extraordinary
dividend or distribution, combination, exchange or reclassification of the Ordinary Shares (including any such change in the number of Shares effected in connection with a change in domicile of the Corporation), change in corporate structure or any
other increase or decrease in the number of Ordinary Shares, or other transaction effected without receipt of consideration by the Corporation, provided that conversion of any convertible securities of the Corporation shall not be deemed to have
been “effected without consideration,” the number of securities covered by each option under the Plan which has not yet been exercised and the number of securities which have been authorized and remain available for issuance under the
Plan, as well as the maximum number of securities which may be purchased by a single Participant and by all Participants in the aggregate in a given Purchase Period, and the price per share covered by each option under the Plan which has not yet
been exercised, may be appropriately adjusted by the Board, and the Board shall take any further actions which, in the exercise of its discretion, may be necessary or appropriate under the circumstances. The Board’s determinations under this
Section 11 shall be conclusive and binding on all parties. 
  

	12.	 LIQUIDATION AND CHANGE OF CONTROL 

12.1 In the event of the proposed liquidation or dissolution of the Corporation, the Offering Period will terminate immediately prior to the
consummation of such proposed transaction, unless otherwise provided by the Board in its sole discretion, and all outstanding options shall automatically terminate and the amounts of all payroll deductions will be refunded without interest (unless
payment of interest is required by Applicable Law) to the Participants. 

  
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 12.2 In the event of a Change of Control, then in the sole discretion of the Board,
(1) each option shall be assumed or an equivalent option shall be substituted by the successor corporation or parent or subsidiary of such successor entity, (2) a date established by the Board on or before the date of consummation of such
Change of Control shall be treated as a Purchase Date, and all outstanding options shall be exercised on such date, (3) all outstanding options shall terminate and the accumulated payroll deductions will be refunded without interest (unless
payment of interest is required by Applicable Law) to the Participants, or (4) outstanding options shall continue unchanged. 
  

	13.	 TRANSFERABILITY 

Neither payroll deductions credited to a Participant’s bookkeeping account nor any rights to exercise an option or to receive Shares under
the Plan may be voluntarily or involuntarily assigned, transferred, pledged, or otherwise disposed of in any way, and any attempted assignment, transfer, pledge, or other disposition shall be null and void and without effect. If a Participant in any
manner attempts to transfer, assign or otherwise encumber his or her rights or interests under the Plan, other than as permitted by the Code, such act shall be treated as an election by the Participant to discontinue participation in the Plan
pursuant to Section 5.4. 
  

	14.	 AMENDMENT OR TERMINATION OF THE PLAN 

14.1 The Plan shall continue until terminated in accordance with Section 14.2. 

14.2 The Board may, in its sole discretion, insofar as permitted by Applicable Law, terminate or suspend the Plan, or revise or amend it in any
respect whatsoever, except that, without approval of the Shareowners, no such revision or amendment shall increase the number of Shares subject to the Plan, other than an adjustment under Section 11 of the Plan, or make other changes for which
Shareowner approval is required under Applicable Law. Upon a termination or suspension of the Plan, the Board may in its discretion (i) return, without interest (unless payment of interest is required by Applicable Law), the payroll deductions
credited to Participants’ accounts to such Participants, or (ii) set an earlier Purchase Date with respect to an Offering Period and Purchase Period then in progress. 

 

	15.	 ADMINISTRATION 

15.1 The Board or the Compensation Committee shall appoint a committee of one or more individuals to administer the Plan (the
“Committee”), which, unless otherwise specified by the Board, shall consist of the members of the Corporation’s Benefits Administrative Committee, as constituted from time to time in accordance with its charter, and generally
made up of senior members of management from the Corporation’s Finance and Human Resources functions. The Committee will serve for such period of time as the Board or the Compensation Committee of the Board may specify and whom the Board or the
Compensation Committee of the Board may remove at any time. The Committee 

  
 13 

 
will have the authority and responsibility for the day-to-day administration of the Plan, the authority and
responsibility specifically provided in this Plan and any additional duty, responsibility and authority delegated to the Committee by the Board or the Compensation Committee of the Board. The Committee shall have full power and authority to adopt,
amend and rescind any rules and regulations which it deems desirable and appropriate for the proper administration of the Plan, to construe and interpret the provisions and supervise the administration of the Plan, to designate separate offerings
under the Plan, to make factual determinations relevant to Plan entitlements and to take all action in connection with administration of the Plan as it deems necessary or advisable, consistent with the delegation from the Board or the Compensation
Committee of the Board. The Committee may delegate to one or more individuals the day-to-day administration of the Plan, to the extent permitted by Applicable Law. The
Board, the Compensation Committee of the Board and the Committee reserve the right to administer the Plan, to the extent such right otherwise exists, regardless of any delegation of authority such body may have previously made. Decisions of the
Board, the Compensation Committee of the Board and the Committee, as applicable, shall be final and binding upon all participants. The Corporation shall pay all expenses incurred in the administration of the Plan. 

15.2 In addition to such other rights of indemnification as they may have as members of the Board or officers or employees of the Corporation
and subject to section 200 of the Companies Act, members of the Board and of the Committee shall be indemnified by the Corporation against all reasonable expenses, including attorneys’ fees, actually and necessarily incurred in connection with
the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan, or any right granted under the
Plan, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the Corporation) or paid by them in satisfaction of a judgment in any such action, suit or proceeding,
except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days
after the institution of such action, suit or proceeding, such person shall offer to the Corporation, in writing, the opportunity at its own expense to handle and defend the same. 

 

	16.	 COMMITTEE RULES FOR FOREIGN JURISDICTIONS 

The Committee may adopt rules or procedures relating to the operation and administration of the Plan to accommodate the specific requirements
of Applicable Laws and procedures. Without limiting the generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding handling of payroll deductions or other contributions by Participants,
establishment of bank or trust accounts to hold payroll deductions or other contributions, payment of interest, conversion of local currency, payroll tax, 

  
 14 

 
withholding procedures and handling of share certificates which vary with local requirements; however, if such varying provisions are not in accordance with the provisions of Section 423(b)
of the Code, including but not limited to the requirement of Section 423(b)(5) of the Code that all options granted under the Plan shall have the same rights and privileges unless otherwise provided under the Code, then the individuals affected
by such varying provisions shall be deemed to be participating under a Non-423 Sub-Plan and not the 423 Plan. The Committee may adopt
Non-423 Sub-Plans applicable to particular Subsidiaries or locations, the rules of which may take precedence over other provisions of this Plan, with the exception of
Section 7, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such Non-423 Sub-Plan. 
  

	17.	 SECURITIES LAWS REQUIREMENTS 

17.1 No option granted under the Plan may be exercised to any extent unless the Shares to be issued upon such exercise under the Plan are
covered by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act, the Exchange Act, the
rules and regulations promulgated thereunder, applicable state and foreign securities laws and the requirements of any stock exchange upon which the Shares may then be listed, subject to the approval of counsel for the Corporation with respect to
such compliance. If on a Purchase Date in any Offering Period hereunder, the Plan is not so registered or in such compliance, options granted under the Plan which are not in compliance shall not be exercised on such Purchase Date, and the Purchase
Date shall be delayed until the Plan is subject to such an effective registration statement and such compliance, except that the Purchase Date shall not be delayed more than twelve (12) months and the Purchase Date shall in no event be more
than twenty-seven (27) months from the Offering Date. If, on the Purchase Date of any offering hereunder, as delayed to the maximum extent permissible, the Plan is not registered and in such compliance, options granted under the Plan which are
not in compliance shall not be exercised and all payroll deductions accumulated during the Offering Period (reduced to the extent, if any, that such deductions have been used to acquire Shares) shall be returned to the Participants, without interest
(unless payment of interest is required by Applicable Law). The provisions of this Section 17 shall comply with the requirements of Section 423(b)(5) of the Code to the extent applicable. 

17.2 As a condition to the exercise of an option, the Corporation may require the person exercising such option to represent and warrant at the
time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Corporation, such a representation is required by any of the
aforementioned provisions of Applicable Law. 

  
 15 

	18.	 GOVERNMENTAL REGULATIONS 

This Plan and the Corporation’s obligation to sell and deliver Ordinary Shares under the Plan shall be subject to the approval of any
governmental authority required in connection with the Plan or the authorization, issuance, sale, or delivery of Shares hereunder. 
  

	19.	 NO ENLARGEMENT OF EMPLOYEE RIGHTS 

Nothing contained in this Plan shall be deemed to give any Employee or other individual the right to be retained in the employ or service of
the Corporation or any Designated Subsidiary or to interfere with the right of the Corporation or Designated Subsidiary to discharge any Employee or other individual at any time, for any reason or no reason, with or without notice. 

 

	20.	 GOVERNING LAW 

This Plan shall be governed by applicable laws of the State of California, without regard to such state’s conflict of laws rules. 

 

	21.	 EFFECTIVE DATE 

This Plan became effective on the Effective Date, subject to approval of the Shareowners of the Corporation within twelve (12) months
before or after its date of adoption by the Board, which approval was obtained on December 3, 2002. The previous amendment and restatement of the Plan was adopted by the Board on July 25, 2017 and was approved by the Shareowners of the
Corporation on October 18, 2017. The Plan was further amended to reflect the Corporation becoming the parent company of the Seagate group of companies and assuming sponsorship of the Plan as of May 18, 2021, which was approved by the
Shareowners of the Corporation effective as of May 18, 2021. 
  

	22.	 REPORTS 

Individual accounts shall be maintained for each Participant in the Plan. Statements of account shall be given or made available to
Participants at least annually. 
  

	23.	 DESIGNATION OF BENEFICIARY FOR OWNED SHARES 

With respect to Ordinary Shares purchased by the Participant pursuant to the Plan and held in an account maintained by the Corporation or its
assignee on the Participant’s behalf, the Participant may be permitted to file a written designation of beneficiary, who is to receive any Shares and cash, if any, from the Participant’s account under the Plan in the event of such
Participant’s death subsequent to the end of a Purchase Period but prior to delivery to him or her of such Shares and cash. In addition, a Participant may be permitted to file a written 

  
 16 

 
designation of a beneficiary who is to receive any cash from the Participant’s account under the Plan in the event of such Participant’s death prior to the Purchase Date of an Offering
Period. If a Participant is married and the designated beneficiary is not the spouse, spousal consent shall be required for such designation to be effective, to the extent required by Applicable Law. The Participant (and if required under the
preceding sentence, his or her spouse) may change such designation of beneficiary at any time by written notice. Subject to Applicable Law (as determined by the Committee in its sole discretion), in the event of a Participant’s death, the
Corporation or its assignee shall deliver any Shares and/or cash to the designated beneficiary. Subject to Applicable Law (as determined by the Committee in its sole discretion), in the event of the death of a Participant and in the absence of a
beneficiary validly designated who is living at the time of such Participant’s death, the Corporation shall deliver such Shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or
administrator has been appointed (to the knowledge of the Corporation), the Corporation in its sole discretion, may deliver (or cause its assignee to deliver) such Shares and/or cash to the spouse, or to any one or more dependents or relatives of
the Participant, or if no spouse, dependent or relative is known to the Corporation, then to such other person as the Corporation may determine. The provisions of this Section 23 shall in no event require the Corporation to violate Applicable
Law, and the Corporation shall be entitled to take whatever action it reasonably concludes is desirable or appropriate in order to transfer the assets allocated to a deceased Participant’s account in compliance with Applicable Law. 

 

	24.	 ADDITIONAL RESTRICTIONS OF RULE 16b-3

 The terms and conditions of options granted hereunder to, and the purchase of Ordinary Shares by, persons subject to
Section 16 of the Exchange Act shall comply with the applicable provisions of Rule 16b-3. This Plan shall be deemed to contain, and such options shall contain, and the Shares issued upon exercise thereof
shall be subject to, such additional conditions and restrictions, if any, as may be required by Rule 16b-3 to qualify for the maximum exemption from Section 16 of the Exchange Act with respect to Plan
transactions. 
  

	25.	 NOTICES 

All notices or other communications by a Participant to the Corporation under or in connection with the Plan shall be deemed to have been duly
given when received in the form specified by the Corporation at the location, or by the person, designated by the Corporation for the receipt thereof. 

  
 17 

	26.	 CODE SECTION 409A AND 457A; TAX QUALIFICATION 

26.1 Code Sections 409A and 457A. Options granted under the 423 Plan are exempt from the application of Section 409A and Section 457A
of the Code. In furtherance of the foregoing and notwithstanding any provision in the Plan to the contrary, if the Committee determines that an option granted under the Plan may be subject to Section 409A or Section 457A of the Code or
that any provision in the Plan would cause an option under the Plan to be subject to Section 409A or Section 457A of the Code, the Committee may amend the terms of the Plan and/or of an outstanding option granted under the Plan, or take
such other action the Committee determines is necessary or appropriate, in each case, without the Participant’s consent, to exempt any outstanding option or future option that may be granted under the Plan from or to allow any such options to
comply with Section 409A or Section 457A of the Code, but only to the extent any such amendments or action by the Committee would not violate Section 409A or Section 457A of the Code. Notwithstanding the foregoing, the
Corporation shall not have any obligation to indemnify or otherwise protect the Participant from any obligation to pay any taxes, interest or penalties pursuant to Section 409A or 457A of the Code. The Corporation makes no representation that
any option to purchase Ordinary Shares under the Plan is compliant with Section 409A or Section 457A of the Code. 
 26.2 Tax
Qualification. Although the Corporation may endeavor to (i) qualify an option for favorable tax treatment under the laws of the United States or jurisdictions outside of the United States or (ii) avoid adverse tax treatment (e.g., under
Section 409A of the Code), the Corporation makes no representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment, notwithstanding anything to the contrary in this Plan, including
Section 27.1 hereof. The Corporation shall be unconstrained in its corporate activities without regard to the potential negative tax impact on Participants under the Plan. 

  
 18 

 APPENDIX A 

SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 

EMPLOYEE STOCK PURCHASE PLAN 

PARTICIPATING EMPLOYERS 
 423 Plan

 Seagate Technology (US) Holdings, Inc. 

Seagate US LLC 
 Seagate Cloud
Systems, Inc. 
 Seagate Federal, Inc. 

Seagate Systems (US) Inc. (US employees) 

Countries Covered by Non-423 Sub-Plan for Contractors (See Appendix B)

 None 

Non-423 Sub-Plan (See Appendix C) 

Seagate Technology Australia Pty. Limited 

Seagate Technology Canada Inc. 

Seagate Technology HDD (India) Private Limited 

Seagate Technology Manufacturing (Hong Kong) Limited 

Seagate Technology (Ireland) 

Nippon Seagate Inc. 
 Seagate
Technology (Netherlands) B.V. 
 Seagate Technology (Netherlands) B.V. – Belgium Branch 

Seagate Technology (Netherlands) B.V. – French Branch 

Seagate Technology (Netherlands) B.V. – Sweden Branch 

Seagate Technology (Netherlands) B.V. – Germany Branch 

Seagate Technology (Netherlands) B.V. – Switzerland PE 

Seagate Technology (Netherlands) B.V. – UK Branch 

Seagate Technology Taiwan Ltd. 

Seagate Technology (Suzhou) Co., Ltd. 

Seagate Technology International (Wuxi) Co., Ltd. 

Seagate Technology Israel Ltd. 

Seagate Technology MEA DMCC (Dubai) 

Penang Seagate Industries (M) Sdn. Bhd. 

Seagate International (Johor) Sdn. Bhd. 

Seagate Singapore International Headquarters Pte. Ltd. 

Seagate Technology International, Singapore Branch 

Seagate Technology (Thailand) Limited 

Seagate Technology Services (Shanghai) Co., Ltd. 

Seagate Global Business Services (Malaysia) Sdn. Bhd. 

Dot Hill Singapore Pte. Ltd. 

Seagate Cloud Systems Japan Ltd. 

  
 A-1 

 Dot Hill Systems Deutschland GmbH 

Seagate Systems (Mexico) S.A. de C.V. 

Seagate Systems (UK) Limited 

Seagate Systems Ireland Limited 

Seagate Systems (Malaysia) Sdn Bhd. 

Seagate (Hangzhou) Data Recovery Services Co., Ltd. 

  
 A-2 

 APPENDIX B 

SUBPLAN UNDER THE SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 

EMPLOYEE STOCK PURCHASE PLAN 
  

	1.	 Purpose. The purpose of this subplan under the Seagate Technology Holdings Public Limited Company
Employee Stock Purchase Plan (the “Subplan”) is to permit eligible contract workers who perform work for the Corporation (any one such individual a “Contractor,” and collectively, “Contractors”) in the countries
designated from time to time by the Committee in its sole discretion and listed on Appendix A to the Seagate Technology Holdings Public Limited Company Employee Stock Purchase Plan (the “Plan”) to participate in the Plan.

  

	2.	 Terms of the Subplan. The terms and conditions of the Subplan shall in all respects be identical to
those set forth in the Plan except as set forth in this Subplan; provided, however, that the Subplan shall not be subject to the requirements of Section 423(b)(5) of the Code. Capitalized terms not otherwise defined in this Subplan shall have
the same meaning as set forth in the Plan. 

  

	3.	 Definition of Employee. For purposes of the Subplan, references to Employees in the Plan shall include
Contractors. 

  

	4.	 Subplan Countries. The Committee shall have the authority in its sole discretion to amend the list of
countries designated by the Committee and listed on Appendix A to the Plan as necessary and desirable and for such amendments to take effect as shall be determined by the Committee in its sole and absolute discretion. 

 

	5.	 Terms of the Plan. Except as set forth above, Contractors who participate under the Plan shall be
subject to the terms and conditions set forth in the Plan. 

  
 B-1 

 APPENDIX C 

SUBPLAN UNDER THE SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY EMPLOYEE STOCK PURCHASE PLAN FOR CERTAIN EMPLOYEES OUTSIDE OF THE
UNITED STATES 
  

	1.	 Purpose. The purpose of this subplan under the Seagate Technology Holdings Public Limited Company
Employee Stock Purchase Plan (the “Subplan”) is to set forth requirements with respect to the participation by eligible Employees employed outside of the United States at Seagate Technology Australia Pty. Limited, Seagate Technology Canada
Inc., Seagate Technology HDD (India) Private Limited, Seagate Technology Manufacturing (Hong Kong) Limited, Seagate Technology (Ireland), Nippon Seagate Inc., Seagate Technology (Netherlands) B.V. (including its branches: Belgium, French, Sweden,
German and UK Branches, and Switzerland PE), Seagate Technology Taiwan Ltd., Seagate Technology (Suzhou) Co. Ltd., Seagate Technology International (Wuxi) Co., Ltd., Seagate Technology Israel Ltd., Seagate Technology MEA DMCC (Dubai), Penang Seagate
Industries (M) Sdn. Bhd., Seagate International (Johor) Sdn. Bhd., Seagate Singapore International Headquarters Pte. Ltd., Seagate Technology International, Singapore Branch, Seagate Technology (Thailand) Limited, Seagate Technology Services
(Shanghai) Co. Ltd., Seagate Global Business Services (Malaysia) Sdn. Bhd., Dot Hill Singapore Pte. Ltd., Seagate Cloud Systems Japan Ltd., Dot Hill Systems Deutschland GmbH, Seagate Systems (Mexico) S.A. de C.V., Seagate Systems (UK) Limited,
Seagate Systems Ireland Limited, Seagate Systems (Malaysia) Sdn Bhd. and Seagate (Hangzhou) Data Recovery Services Co., Ltd. in the Seagate Technology Holdings Public Limited Company Employee Stock Purchase Plan (the “Plan”).

  

	2.	 Terms of the Subplan. Except as set forth in this Subplan, the terms and conditions of the Subplan shall
in all respects be identical to those set forth in the Plan; provided, however, that the Subplan shall not be subject to the requirements of Section 423(b)(5) of the Code. Capitalized terms not otherwise defined in this Subplan shall have the
same meaning as set forth in the Plan. 

  

	3.	 Eligibility. Employees of Seagate Technology UK Ltd. (“Seagate UK”) or any branch office of
Seagate UK who are located in Russia shall not be eligible to participate in the Plan. 

  
 C-1EX-10.21

 Exhibit 10.21 

SIXTH AMENDED AND RESTATED 

SEAGATE TECHNOLOGY HOLDINGS EXECUTIVE SEVERANCE AND CHANGE IN CONTROL 

(CIC) PLAN 
 SECTION 1. INTRODUCTION.

 THE SIXTH AMENDED AND RESTATED SEAGATE TECHNOLOGY EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN (the
“Plan” or “Severance and CIC Plan”) was originally approved by the Board of Directors of SEAGATE TECHNOLOGY, a Cayman Islands company, (the “Company”) on August 21, 2008 as the Seagate
Technology Executive Officer Severance and Change in Control (CIC) Plan, and became effective on September 1, 2008. The Plan was previously amended and restated on each of April 29, 2009, July 29, 2009, January 15, 2010 and
October 25, 2011 and is now further amended and restated in the form set forth herein on May 18, 2021. The purpose of the Plan is to provide for the payment of severance benefits to Potential Eligible Executives in the event their
employment with the Company or any Applicable Subsidiary is terminated involuntarily, as provided herein, and to encourage such executives to continue as employees in the event of a Change in Control. Except as otherwise stated herein, this Plan
shall supersede any severance benefit plan, policy or practice previously maintained by the Company or any Applicable Subsidiary (including, without limitation, the provisions of any employment agreement between any Eligible Executive and the
Company or any Applicable Subsidiary). This Plan document also serves as the Summary Plan Description for the Plan. All capitalized terms shall have the meanings ascribed to them in the Plan. 

SECTION 2. DEFINITIONS AND ELIGIBILITY FOR BENEFITS. 

(a) General Rules. Subject to the requirements set forth in this Section 2(a), the Company will grant severance benefits
under the Plan to each Eligible Executive. 
 (i) “Potential Eligible Executive” refers to all executives employed by the
Company or any Applicable Subsidiary with the Level of vice president or above selected to participate in this Plan as indicated in the Benefits Schedules attached hereto. An “Eligible Executive” is any Potential Eligible Executive,
other than those excluded under this Section 2, whose employment with the Company or any Applicable Subsidiary is either (A) terminated by such executive for Good Reason or (B) terminated by the Company or an Applicable Subsidiary
without Cause (either of (A) or (B), hereafter a “Termination Event”). An Eligible Executive shall be eligible for additional benefits under this Plan if the Termination Event occurs during a Change in Control Period. The Plan
shall have no applicability whatsoever for executives employed by neither the Company nor an Applicable Subsidiary, and severance benefits available to such executives, if any, shall not be determined by reference to the Plan, but, rather, solely in
accordance with applicable law or such other contractual rights as may apply. 
 (ii) In order to be eligible to receive benefits under the
Plan, in addition to meeting the requirements of an “Eligible Executive” set forth in Section 2(a)(i) above, an Eligible Executive must execute within 60 days of the Eligible Employee’s receipt thereof (such 60-day period, the “Release Period”) (A) a general waiver and release on the form provided by the Company and (B) an 

 
agreement containing certain covenants on the form provided by the Company and covering the matters set forth in Section 6 of this Plan, the scope and applicability of which covenants shall
be determined by the Plan Administrator in its sole discretion (collectively, the “Release and Covenant Documents”), which Release and Covenant Documents shall be provided by the Company to the Participant within five
(5) business days of the Termination Date. 
 (iii) Any Termination Event that triggers the payment of benefits under this Plan must
occur during the term of this Plan as specified in Section 9(b). 
 (b) Exceptions. A Potential Eligible Executive who
otherwise is an Eligible Executive will not receive benefits under the Plan in any of the following circumstances: 
 (i) The Potential
Eligible Executive is terminated for Cause. 
 (ii) The Potential Eligible Executive voluntarily terminates employment with the Company or
an Applicable Subsidiary without Good Reason. Voluntary terminations include, but are not limited to, resignation or failure to return from a leave of absence on the scheduled date. 

(iii) The Potential Eligible Executive’s employment terminates by reason of death, Disability, or retirement. 

SECTION 3. ADDITIONAL DEFINITIONS. 

Capitalized terms used in this Plan, unless defined elsewhere in this Plan, shall have the following meanings: 

(a) Accrued Bonus Funding means the funding of the Bonus Plan as a percent of target funding as accrued and approved by the Plan
Administrator quarterly based on actual financial performance of the Parent for the most recently completed fiscal quarter preceding the Eligible Executive’s Termination Date; provided, further, for the purposes of this Plan, the Accrued Bonus
Funding for a given fiscal year or any portion thereof may not exceed 100% of target funding, even if the Plan Administrator has determined that the funding of the Bonus Plan shall accrue at a higher percentage. 

(b) Applicable Subsidiary means any subsidiary of the Company included on Schedule A attached hereto. 

(c) Beneficial Owner means the definition given in Rule 13d-3 promulgated under the
Exchange Act. 
 (d) Benefit means, in the case of a Termination Event occurring outside of a Change in Control Period, an
amount equal to the aggregate number of months of Pay specified in the Benefits Schedule applicable to an Eligible Executive and, in the case of a Termination Event occurring during a Change in Control Period, an amount equal to the aggregate number
of months of Pay and Target Bonus specified in the Benefits Schedule applicable to an Eligible Executive. 
 (e) Board means
the Board of Directors of the Parent. 

  
 2 

 (f) Bonus Plan means the Parent’s Executive Officer Performance Bonus
Plan, the Executive Performance Bonus Plan or similar cash incentive bonus plan in which an Eligible Executive participates adopted by the Parent as a successor to one or more of the previously listed bonus plans from time to time. For the avoidance
of doubt, one-time bonuses paid by the Parent or an Applicable Subsidiary to a Potential Eligible Executive that are not paid under one of the bonus plans described in the preceding sentence shall not be
treated as cash incentive bonuses and therefore shall be excluded from the definition of “Accrued Bonus Funding,” “Pro Rata Bonus” and “Target Bonus” for purposes of this Plan. Examples of such one-time bonuses are sign-on bonuses, special recognition bonuses and guaranteed bonuses. For purposes of this Plan, no Eligible Executive shall be treated as participating in
more than one Bonus Plan on the date of a Termination Event. In the event that an Eligible Executive is participating in more than one cash incentive bonus plan that would otherwise qualify as a Bonus Plan but for the preceding sentence, the cash
incentive bonus plan that would produce the largest payment under the terms of this Plan shall be treated as the Bonus Plan for such Eligible Executive. 

(g) Cause means (i) a Potential Eligible Executive’s continued failure to substantially perform the material duties of
his or her office (other than as a result of total or partial incapacity due to physical or mental illness), (ii) fraud, embezzlement or theft by a Potential Eligible Executive of the property of the Parent or any of its subsidiaries,
(iii) the conviction of such Potential Eligible Executive of, or plea of nolo contendere by the Potential Eligible Executive to, a felony under the laws of the United States or any state or foreign jurisdiction, (iv) a Potential Eligible
Executive’s willful malfeasance or willful misconduct in connection with such Potential Eligible Executive’s duties to the Parent or any of its subsidiaries or any other act or omission which is materially injurious to the financial
condition or business reputation of the Parent or any of its subsidiaries, or (v) a material breach by a Potential Eligible Executive of any of the provisions of (A) this Plan, (B) any
non-compete, non-solicitation or confidentiality provisions to which such Potential Eligible Executive is subject or (C) any policy of the Parent or any of its
subsidiaries or other agreement to which such Potential Eligible Executive is subject. However, no termination shall be deemed for Cause under clause (i), (iv) or (v) unless the Potential Eligible Executive is first given written notice by
the Parent of the specific acts or omissions which the Parent or a subsidiary deems constitute grounds for a termination for Cause, is provided with at least 30 days after such notice to cure the specified deficiency and fails to substantially cure
such deficiency within such time frame to the reasonable satisfaction of the Plan Administrator; provided, in each case, that the violation is curable. 

(h) Change in Control means the consummation or effectiveness of any of the following events: 

(i) The sale, exchange, lease or other disposition of all or substantially all of the assets of the Parent to a person or group of related
persons, as such terms are defined or described in Sections 3(a)(9) and 13(d)(3) of the Exchange Act; 
 (ii) A merger, reorganization,
recapitalization, consolidation or other similar transaction involving the Parent in which the voting securities of the Parent owned by the shareholders of the Parent immediately prior to such transaction do not represent more than fifty percent
(50%) of the total voting power of the surviving controlling entity outstanding, immediately after such transaction; 

  
 3 

 (iii) Any person or group of related persons, as such terms are defined or described in
Sections 3(a)(9) and 13(d)(3) of the Exchange Act, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the voting securities of the Parent (including by way of merger, takeover (including an
acquisition by means of a scheme of arrangement), consolidation or otherwise); 
 (iv) During any period of two (2) consecutive years,
individuals who at the beginning of such period constituted the Board (together with any new directors whose election by such Board or whose nomination for election by the shareholders of the Parent was approved by a vote of a majority of the
directors of the Parent then still in office, who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board then in
office; or 
 (v) A dissolution or liquidation of the Parent. 

Notwithstanding the foregoing, a restructuring of the Company for the purpose of changing the domicile of the Parent (including, but not
limited to, any change in the structure of the Parent resulting from the process of moving its domicile between jurisdictions), reincorporation of the Parent or other similar transaction involving the Parent (a “Restructuring
Transaction”) will not constitute a Change in Control if, immediately after the Restructuring Transaction, the shareholders of the Parent immediately prior to such Restructuring Transaction represent, directly or indirectly, more than
fifty percent (50%) of the total voting power of the surviving entity. 
 (i) Change in Control Period means the period
beginning on the date that is six (6) months preceding the effective date of a Change in Control and ending on the date that is twenty-four (24) months following the effective date of the Change in Control. 

For the avoidance of doubt, no enhanced benefits payable to an Eligible Executive due to a Termination Event occurring within a Change in
Control Period (that is, benefits in excess of the benefits due upon a Termination Event outside a Change in Control Period) shall be paid prior to the effective date of a Change in Control. 

(j) Code means the Internal Revenue Code of 1986, as amended. Any specific reference to a section of the Code shall be deemed to
include any regulations and other Treasury Department guidance promulgated thereunder. 
 (k) Company means Seagate
Technology, an exempted limited liability company incorporated under the laws of the Cayman Islands, and any successor as provided in Section 9(c) hereof. 

(l) Disability means the physical or mental incapacitation such that for a period of six consecutive months or for an aggregate
of nine months in any 24-month consecutive period, a Potential Eligible Executive is unable to substantially perform his or her duties. Any question as to the existence of that Potential Eligible
Executive’s physical or mental incapacitation as to which the Potential Eligible Executive or the Potential Eligible Executive’s representative and the Company cannot agree shall be determined in writing by a qualified independent
physician mutually acceptable to the Potential Eligible Executive and the Company. If the Potential Eligible Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians
shall select a third who shall make such determination in writing. The determination of “Disability” made in writing to the Company and the Potential Eligible Executive shall be final and conclusive for all purposes of the benefits under
this Plan. 

  
 4 

 (m) Exchange Act means the Securities Exchange Act of 1934, as amended. 

(n) Good Reason means a Potential Eligible Executive’s resignation of his or her employment with the Parent or a subsidiary
as a result of the occurrence of one or more of the following actions without such Potential Eligible Executive’s express written consent, which action or actions remain uncured for at least 30 days following written notice from such Potential
Eligible Executive to the Parent describing the occurrence of such action or actions and asserting that such action or actions constitute grounds for a Good Reason resignation, which notice must be provided by the Potential Eligible Executive no
later than 90 days after the initial existence of such condition, provided that such resignation occurs no later than 60 days after the expiration of the cure period: (i) any material diminution in the level of such Potential Eligible
Executive’s Level, authority or duties; (ii) a reduction of 10% or more in the level of the base salary or target bonus opportunity to be provided to such Potential Eligible Executive, other than a reduction that is equivalent to the
reduction in base salaries and/or target bonus opportunities, as applicable, imposed on all other executives of the Parent at a similar level within the Parent; (iii) the relocation of such Potential Eligible Executive to a principal place of
employment that increases such Potential Eligible Executive’s one-way commute by more than 50 miles; or (iv) the failure of any successor to the business of the Parent or to substantially all of the
assets and/or business of the Parent to assume the Company’s obligations under this Plan as required by Section 9(c). 

(o) IRS means the Internal Revenue Service. 

(p) Level means a Potential Eligible Executive’s level or title as in effect on the Termination Date (or if greater, on the
date on which an event constituting Good Reason arose). 
 (q) Non-U.S. Eligible
Executive means any Eligible Executive not employed in the United States of America, including its territories and possessions, on the date of a Termination Event and who is not on assignment to a non-U.S.
jurisdiction. 
 (r) Non-U.S. Benefit means, in the case of a Termination Event
occurring during a Change in Control Period, an amount equal to the Thailand Severance Pay Amount, the Malaysia Severance Pay Amount, the Singapore Severance Pay Amount, the U.K. Severance Pay Amount and the Canada Severance Pay Amount, in each case
as specified in the applicable Benefits Schedule for a Non-U.S. Eligible Executive, plus the number of months of Target Bonus specified in such applicable Benefits Schedule. 

(s) Parent means Seagate Technology Holdings plc, an Irish public limited company. 

(t) Pay means a Potential Eligible Executive’s monthly base pay at the rate in effect on the Termination Date (or if
greater, on the date on which an event constituting Good Reason arose). 
 (u) Payment Confirmation Date means the date on
which the Release and Covenants Documents required by Section 2(a)(ii) of this Plan become irrevocable; provided, however, if the Release Period spans two calendar years, then the Payment Confirmation Date will be the first payroll date
that occurs in the calendar year following the calendar year in which the Release and Covenants Documents become irrevocable. 

  
 5 

 (v) Plan means this Sixth Amended and Restated Seagate Technology Executive
Severance and Change in Control Plan. 
 (w) Prior Year Bonus means, in the event an Eligible Executive is terminated
following the start of a fiscal year but prior to the payment date of the annual incentive bonus for the prior fiscal year, the annual incentive bonus for the prior fiscal year that would have been paid had the Eligible Executive been actively
employed with the Company or any Applicable Subsidiary on the annual incentive bonus payment date. If payable, the Prior Year Bonus shall be paid to the Eligible Executive at the same time that annual incentive bonuses are otherwise paid to the
Company’s executives. 
 (x) Pro Rata Bonus for an Eligible Executive who is not a
Non-U.S. Eligible Executive and whose Termination Event occurs outside of a Change in Control Period shall be calculated in relation to the fiscal year during which termination takes place, as set forth in
this Section 3(x): 
 (i) If the Eligible Executive either was a “covered employee” within the meaning of Section 162(m)
of the Code for the last fiscal year of the Parent completed prior to the Termination Event or, based on such Eligible Executive’s compensation paid through the date of the Termination Event, such Eligible Executive is projected, in the sole
and reasonable determination of the Plan Administrator, to be a “covered employee” within the meaning of Section 162(m) of the Code assuming he or she remained employed through the end of the then current fiscal year (and so for
purposes of this Plan shall be considered to be “subject to Section 162(m) of the Code”), the Pro Rata Bonus shall be the incentive bonus calculated for the year in which the Termination Date falls based on actual performance,
determined by multiplying the bonus that would have been earned by the Eligible Executive had the executive remained in service until the date required to earn a full bonus for that year by a fraction, the numerator of which is the number of days
the Eligible Executive was employed during the year in which the Termination Date occurs, through the Termination Date, and the denominator of which is 365. If payable in connection with a Termination Event, the Pro Rata Bonus calculated in
accordance with this Section 3(x)(i) shall be paid to the Eligible Executive at the same time that annual incentive bonuses are otherwise paid to the Parent’s executives. 

(ii) In all other cases, the amount of the Pro Rata Bonus shall be determined based on the Accrued Bonus Funding through the last completed
fiscal quarter preceding the Termination Date, multiplied by the Eligible Executive’s then current Target Bonus, prorated for the number of days employed during the fiscal year of the Termination Event, divided by 365. If payable in connection
with a Termination Event, the Pro Rata Bonus calculated in accordance with this Section 3(x)(ii) shall be paid to the Eligible Executive within 20 business days following the Payment Confirmation Date. 

(iii) Other than as described in Sections 3(x)(i)-(ii) above, no Pro Rata Bonus shall be payable to any Eligible Executive. 

(y) Restrictive Covenant Period means the longest period of months specified in the Eligible Executive’s Release and
Covenant Documents during which the Eligible Executive shall be required to abide by one or more of the Covenants set forth in Section 6. 

  
 6 

 (z)    Target Bonus means the Eligible Executive’s
most recently approved target bonus level (expressed as a percentage of base pay) with respect to the Bonus Plan, multiplied by the Eligible Executive’s Pay. 

(aa)    Termination Date means the last date on which the Eligible Executive is in active employment status
with the Company or any Applicable Subsidiary as determined by the Plan Administrator in its sole and reasonable discretion or, solely to the extent necessary to comply with Section 409A of the Code, such other date that constitutes a
“separation from service” within the meaning of Section 409A of the Code. 
 (bb)    U.S.
Executive means an Eligible Executive who is a U.S. citizen or U.S. resident alien. 
 (cc)    WARN
Act means the federal Worker Adjustment and Retraining Notification Act and any other comparable law applicable under the laws of any state or foreign jurisdiction. 

SECTION 4. AMOUNT OF BENEFIT. 
 Severance
benefits payable under the Plan are as follows: 
 (a)    Subject to Sections 2(a), 6(f) and 8, Eligible
Executives will receive the benefits described in Section 7 of the Plan and in the applicable Benefits Schedule attached hereto. The level of benefits applicable to an Eligible Executive shall be based in part upon his or her Level. 

(b)    Notwithstanding any other provision of the Plan to the contrary, any benefits payable to an Eligible
Executive under this Plan shall be in lieu of any severance benefits payable by the Parent or any subsidiary to such individual under any other arrangement covering the individual, unless expressly otherwise agreed to by the Parent or the subsidiary
in writing. Further, in the event that the Eligible Executive is entitled to receive severance benefits under any agreement or contract with the Parent or any subsidiary, any plan, policy, program or other arrangement adopted or established by the
Parent or any subsidiary under the WARN Act or other applicable law providing for payments from the Parent or a subsidiary on account of termination of employment, including pay in lieu of advance notice of termination, or as otherwise legally
required to be paid to any Non-U.S. Eligible Executive (“Other Benefits”), any severance benefits payable hereunder shall be reduced by the Other Benefits. 

SECTION 5. TIME OF PAYMENT AND FORM OF BENEFIT; INDEBTEDNESS. 

(a)    Benefits under this Plan shall be paid according to the payment schedule specified in the applicable
Benefits Schedule attached hereto, subject to Section 6(f) and the following provisions: 
 (i)    Any increase to
the cash severance benefits payable on account of the occurrence of a Termination Event during a Change in Control Period but preceding the effective date of the Change in Control shall be paid on the later of (A) five (5) business days
following the effective date of the Change in Control or (B) the first payroll date that occurs after the effective date of the Change in Control (provided such date occurs after the date on which the Release and Covenants Document become
irrevocable), and otherwise in accordance with the payout schedule set forth in the applicable Benefits Schedule. 

  
 7 

 (ii) In the event that an Eligible Executive would be entitled to an extension of the period
to exercise outstanding options following termination of employment without Cause under the terms of the applicable option award agreement(s), then such extension shall also be applicable in the event that the Eligible Executive terminates
employment for Good Reason, subject, however, to the same terms and limitations as set forth in the option award agreement applicable to a termination without Cause. 

(iii) Unless otherwise required by applicable law, in no event shall payment of any Plan benefit be due prior to the Eligible Executive’s
Payment Confirmation Date, and any payment shall be deemed to be timely made if paid within twenty (20) business days of such date. 

(iv) Notwithstanding anything to the contrary in this Section 5(a), except for a Termination Event occurring during a Change in Control
Period, the Plan Administrator may, in its sole discretion, determine an alternate payment schedule for any reason, provided that any such amendment does not give rise to additional taxation under Section 409A of the Code. 

(b) Subject to compliance with Section 409A of the Code and other applicable law, if an Eligible Executive is indebted to the
Parent or any subsidiary at his or her Termination Date, the Parent and its subsidiaries reserve the right to offset any severance payments under the Plan by the amount of such indebtedness. 

SECTION 6. ELIGIBLE EXECUTIVE COVENANTS 

Severance benefits payable under the Plan are subject to the following covenants made by each Eligible Executive (the
“Covenants”), the scope and applicability of which covenants shall be as set forth in the Release and Covenant Documents, but in any event shall not be substantially greater than as set forth in this Section 6: 

(a) Non-Competition. During the Restrictive Covenant Period, an Eligible Executive will
not directly or indirectly: 
 (i) engage in any business that competes with the business of the Parent or its subsidiaries (including,
without limitation, any businesses which the Parent or its subsidiaries have specific plans to conduct in the future and as to which such Eligible Executive is aware of such planning) in any geographical area in which the Parent or its subsidiaries
conduct such business (a “Competitive Business”); 
 (ii) enter the employ of, or render any services to, any person or
entity (or any division of any person or entity) who or which engages in a Competitive Business; 
 (iii) acquire a financial interest in,
or otherwise become actively involved with, any Competitive Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant; or 

(iv) interfere with, or attempt to interfere with, business relationships (whether formed before, on or after the date of this Plan) between
the Parent or any of its subsidiaries and customers, clients, suppliers, partners, members or investors of the Parent or its subsidiaries. 

  
 8 

 Notwithstanding anything to the contrary in this Plan, an Eligible Executive may, directly or indirectly
own, solely as a passive investment, securities of any person engaged in the business of the Parent or its subsidiaries which are actively traded on a public securities market (including the OTCBB and similar over-the-counter market) if such Eligible Executive (i) is not a controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own 5% or more
of any class of such actively traded securities of such person. 
 (b) Non-Solicitation of
Clients. During the Restrictive Covenant Period, an Eligible Executive will not, whether on such Eligible Executive’s own behalf or on behalf of or in conjunction with any person, company, business entity or other organization whatsoever,
directly or indirectly solicit or assist in soliciting in competition with the Parent or its subsidiaries, the business of any client or prospective client: 

(i) with whom such Eligible Executive had personal contact or dealings on behalf of the Parent during the one year period preceding such
Eligible Executive’s Termination Date; 
 (ii) with whom employees reporting to such Eligible Executive have had personal contact or
dealings on behalf of the Parent during the one year immediately preceding such Eligible Executive’s Termination Date; or 
 (iii) for
whom such Eligible Executive had direct or indirect responsibility during the one year immediately preceding such Eligible Executive’s Termination Date. 

(c) Non-Solicitation of Employees and Consultants. During the Restrictive Covenant
Period, an Eligible Executive will not, whether on such Eligible Executive’s own behalf or on behalf of or in conjunction with any person, company, business entity or other organization whatsoever, directly or indirectly: 

(i) solicit or encourage any employee of the Parent or its subsidiaries to leave the employment of the Parent or its subsidiaries; or 

(ii) encourage to cease to work with the Parent or its subsidiaries any consultant then under contract with the Parent or its subsidiaries.

 (d) During the term of an Eligible Executive’s employment with the Parent or its subsidiaries, such Eligible Executive will
have access to and become acquainted with the Parent’s and its subsidiaries’ confidential and proprietary information, including but not limited to, information or plans regarding the Parent’s and its subsidiaries’ customer
relationships, personnel or sales, marketing and financial operations and methods, trade secrets, formulas, devices, secret inventions, processes and other compilations of information, records and specifications (collectively, “Proprietary
Information”). An Eligible Executive shall not at any time disclose any of the Parent’s or its subsidiaries’ Proprietary Information, directly or indirectly, or use it in any way except in the course of performing services for the
Parent and its subsidiaries, as authorized in writing by the Parent or as required to be disclosed by applicable law. All files, records, documents, computer-recorded information, drawings, specifications, equipment and similar items relating to the
business of the Parent or its subsidiaries, whether prepared by an Eligible Executive or otherwise coming into such Eligible Executive’s possession, shall remain the exclusive property of the Parent or its subsidiaries, as the case may be.
Notwithstanding the foregoing, Proprietary Information shall not include information that is or becomes generally public knowledge other than as a result of a breach of this Section 6(d) or any obligation that the Eligible Executive has to
protect the confidentiality of the Proprietary Information of the Parent and its subsidiaries. 

  
 9 

 (e) It is expressly understood and agreed that although each Eligible Executive, the
Parent and its subsidiaries consider the restrictions contained in the Covenants to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in the
Covenants is an unenforceable restriction against an Eligible Executive, for which injunctive relief is unavailable, the provisions of the Covenants shall not be rendered void but shall be deemed amended to apply as to such maximum time and
territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Furthermore, such a determination shall not limit the Company’s or an Applicable Subsidiary’s ability to cease providing payments or
benefits due during the remainder of any Restrictive Covenant Period or to seek recovery of any prior payments or benefits made hereunder, if applicable, unless a court of competent jurisdiction has expressly declared that action to be unlawful.
Alternatively, if any court of competent jurisdiction finds that any restriction contained in the Covenants is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of
any of the other restrictions contained in the Covenants or other provisions of this Plan. 
 (f) All benefits payable to an Eligible
Executive are contingent upon his or her full compliance with the foregoing obligations during the Restrictive Covenant Period. Accordingly, if the Eligible Executive, at any time, violates any Covenants, any proprietary information or
confidentiality obligation to the Parent or any of its subsidiaries (including Section 6(d) above), including his or her obligations under the applicable At-Will Employment, Confidential Information and
Invention Assignment Agreement (or any such similar agreement), or any other obligations under this Plan, (i) any remaining payments or benefits due under this Plan will terminate immediately following written notice from the Company of such
violation and (ii) to the maximum extent permitted by applicable law, if the Eligible Executive has received any benefits under the Plan prior to the date of such written notice, the Eligible Executive shall deliver to the Parent or the
Applicable Subsidiary, within 30 days, an amount equal to the aggregate of all such benefits. 
 SECTION 7. CONTINUATION OF EMPLOYMENT BENEFITS. 

(a) Health Plan Benefits Continuation. 

(i) Each Eligible Executive who is enrolled in a health, vision or dental plan sponsored by the Parent or a subsidiary may be eligible to
continue coverage (the “Continued Coverage”) under such health, vision or dental plan (or to convert to an individual policy) under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). The Company
will notify the individual of any such right to continue health coverage at the time of termination. In the event that an Eligible Executive is not eligible to receive Continued Coverage (either because such Eligible Executive is not enrolled in any
plan sponsored by the Parent or its subsidiaries or because such Eligible Executive will be covered by a statutory scheme for continued health, vision or dental coverage that will not be an obligation of the Parent or its subsidiaries), it is
understood and agreed that this Section 7(a) shall not be applicable to such Eligible Executive and, with respect to a Termination Event occurring during a Change in Control Period, he or she shall not be eligible to receive the COBRA Premiums.
For greater certainty, no benefits shall be payable under this Section 7 to any Non-U.S. Eligible Executive. 

  
 10 

 (ii) Subject to Sections 2(a), 6(f) and 8 hereof, solely in connection with the
Continued Coverage triggered by a Termination Event during a Change in Control Period, the Company or the Applicable Subsidiary will pay to the Eligible Executive a lump sum cash payment in an amount equal to 2.0 times the before-tax annual cost of such Eligible Executive’s premiums to cover the Eligible Executive and his or her eligible dependents, if any, in effect as of the Termination Event (the “Continued Coverage
Payment”). The Continued Coverage Payment will include the coverage premium cost of an Eligible Executive’s dependents if, and only to the extent that, such dependents were enrolled in a health, vision or dental plan sponsored by the
Parent or a subsidiary prior to the Eligible Executive’s Termination Date. No provision of this Plan will affect the continuation coverage rules under COBRA or any other applicable law. Therefore, the period during which an Eligible Executive
must elect to continue the Parent’s or a subsidiary’s group medical, vision or dental coverage at his or her own expense under COBRA or other applicable law, the length of time during which Continued Coverage will be made available to the
Eligible Executive, and all other rights and obligations of the Eligible Executive under COBRA or any other applicable law (except the obligation to pay the Continued Coverage Payment) will be applied in the same manner that such rules would apply
in the absence of this Plan. It is expressly understood and agreed that the Eligible Executive will be solely responsible for the entire payment of premiums required under COBRA or other applicable law. 

(b) Other Employee Benefits. All non-health benefits (such as life insurance and
disability coverage) terminate as of the Eligible Executive’s Termination Date (except to the extent that any conversion privilege is available thereunder). 

SECTION 8. EXCISE TAXES 
 (a) In
the event that any benefits payable to an Eligible Executive pursuant to this Plan or pursuant to any other plan, agreement or arrangement (“Payments”) (i) constitute “parachute payments” within the meaning of
Section 280G of the Code, and (ii) but for this Section 8 would be subject to the excise tax imposed by Section 4999 of the Code, or any comparable successor provisions (the “Excise Tax”), then the Eligible
Executive’s payments hereunder shall be either (a) provided to the Eligible Executive in full, or (b) provided to the Eligible Executive as to such lesser extent which would result in no portion of such benefits being subject to the
Excise Tax, whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other applicable taxes, results in the receipt by the Eligible Executive, on
an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Unless the Company and the Eligible Executive otherwise
agree in writing, any determination required under this Section 8 shall be made in writing in good faith by a recognized accounting firm selected by the Company (the “Accountants”). Any reduction in payments or benefits
hereunder shall occur in the following order: (i) any cash severance, (ii) any other cash amount payable to the Eligible Executive, (iii) any benefit valued as a “parachute payment,” and (iv) the acceleration of vesting
of any equity-based awards. For purposes of making the calculations required by this Section 8, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith
interpretations concerning the application of the Code and other applicable legal authority. The Company and the 

  
 11 

 
applicable Eligible Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 8.
The Company (or the Applicable Subsidiary) shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 8. 

(b) If, notwithstanding any reduction described in Section 8(a), the IRS determines that an Eligible Executive is liable for the
Excise Tax as a result of the receipt of any Payments pursuant to this Plan, then the Eligible Executive shall be obligated to pay back to the Company or the Applicable Subsidiary, within thirty (30) days after a final IRS determination or in
the event that the Eligible Executive challenges the final IRS determination, a final judicial determination, a portion of the Payments equal to the “Repayment Amount.” The Repayment Amount shall be the smallest such amount, if any,
as shall be required to be paid to the Company or the Applicable Subsidiary so that the Eligible Executive’s net after-tax proceeds with respect to the Payments (after taking into account the payment of
the Excise Tax and all other applicable taxes imposed on such benefits) shall be maximized. The Repayment Amount shall be zero if a Repayment Amount of more than zero would not result in the Eligible Executive’s net after-tax proceeds with respect to the Payments being maximized. If the Excise Tax is not eliminated pursuant to this Section 8(b), the Eligible Executive shall pay the Excise Tax. 

(c) Notwithstanding any other provision of this Section 8, if (i) there is a reduction in the Payments to an Eligible
Executive as described in this Section 8, (ii) the IRS later determines that the Eligible Executive is liable for the Excise Tax, the payment of which would result in the maximization of the Eligible Executive’s net after-tax proceeds (calculated as if the Eligible Executive’s benefits had not previously been reduced), and (iii) the Eligible Executive pays the Excise Tax, then the Company or the Applicable Subsidiary
shall pay to the Eligible Executive those Payments which were reduced pursuant to this Section 8 as soon as administratively possible after the Eligible Executive pays the Excise Tax (but in any event within 30 days thereafter) so that the
Eligible Executive’s net after-tax proceeds with respect to the payment of the Payments are maximized. 

SECTION 9. RIGHT TO INTERPRET PLAN; AMEND AND TERMINATE; OTHER ARRANGEMENTS; BINDING NATURE OF PLAN. 

(a) Exclusive Discretion. The “Plan Administrator” shall be the Compensation Committee of the Board. The Plan
Administrator shall have the exclusive discretion and authority to establish rules, forms, and procedures for the administration of the Plan, and to construe and interpret the Plan and to decide any and all questions of fact, interpretation,
definition, computation or administration arising in connection with the operation of the Plan, including, but not limited to, the eligibility to participate in the Plan, the designation of the Level relating to each applicable tier of benefits
under the Plan as set forth in the Benefits Schedules, the amount of benefits paid under the Plan, the timing of payments under the Plan and the scope and applicability of the covenants contained in the Release and Covenant Documents. Benefits under
this Plan will be paid only if the Plan Administrator decides in its sole discretion that the Eligible Executive is entitled to receive them. The rules, interpretations, computations and other actions of the Plan Administrator shall be binding and
conclusive on all persons. The Plan Administrator’s decisions shall not be subject to review unless they are found to be unreasonable or not to have been made in good faith. The Plan Administrator may appoint one or more individuals and
delegate such of its powers and duties as it deems desirable to any such individual(s), in which case every reference herein made to the Plan Administrator shall be deemed to mean or include the appointed individual(s) as to matters within their
jurisdiction. All reasonable expenses incurred by the Plan Administrator in connection with the administration of the Plan shall be paid by the Company or its subsidiaries. 

  
 12 

 (b) Term Of Plan; Termination or Suspension; Amendment; Binding Nature Of Plan. 

(i) This Plan shall be effective until July 31, 2010 and shall be extended thereafter for successive
one-year periods unless the Board or the Compensation Committee, in its sole discretion, elects not to renew the Plan prior to the date that the Plan is then scheduled to expire. The Board or the Compensation
Committee may also terminate or suspend the Plan at any time and for any reason or no reason, which termination or suspension, as applicable, shall become effective at the end of the term described in this Section 9(b)(i), provided,
however, that no such termination or suspension shall affect the Company’s or any Applicable Subsidiary’s obligation to complete the delivery of benefits hereunder to any Potential Eligible Executive who becomes an Eligible Executive
prior to the effective time of such termination or suspension; and further provided, that during a Change in Control Period, the Plan shall not be terminated or suspended. 

(ii) The Board and the Compensation Committee reserve the right to amend this Plan or the benefits provided hereunder at any time and in any
manner; provided, however, that no such amendment shall materially adversely affect the interests or rights of any Eligible Executive whose Termination Date has occurred prior to amendment of the Plan; and further provided, that during
a Change in Control Period, the Plan shall not be amended in a manner adverse to a Potential Eligible Executive without his or her written consent. 

(iii) Any action amending, suspending or terminating the Plan shall be in writing and approved by the Board or the Compensation Committee.

 (c) Binding Effect On Successor To Company. This Plan shall be binding upon any successor or assignee, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Parent, or upon any successor to the Parent as the result of a Change in Control, and any such successor or assignee shall be
required to perform the Company’s obligations under the Plan, in the same manner and to the same extent that the Company would be required to perform if no such succession or assignment or Change in Control had taken place. In such event, the
term “Company,” as used in the Plan, shall mean the Company as hereinafter defined and any successor or assignee as described above which by reason hereof becomes bound by the terms and provisions of this Plan. 

SECTION 10. NO IMPLIED EMPLOYMENT CONTRACT. 

The Plan shall not be deemed (i) to give any employee or other person any right to be retained in the employ of the Parent or any
subsidiary or (ii) to interfere with the right of the Parent or any subsidiary to discharge any employee or other person at any time and for any reason, which right is hereby reserved. 

  
 13 

 SECTION 11. LEGAL CONSTRUCTION. 

This Plan is intended to be governed by and shall be construed in accordance with the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”) and, to the extent not preempted by ERISA, the laws of the State of California, except that the Covenants as set forth in the Release and Covenant Documents shall in all cases be governed by the laws of the State
or other jurisdiction specified therein. This Plan is intended to be (a) an employee welfare plan as defined in Section 3(1) of ERISA and (b) a “top-hat” plan maintained for the
benefit of a select group of management or highly compensated employees of the Parent or its subsidiaries. This Plan is intended to meet requirements of Section 162(m) of the Code to provide for any payments under the Bonus Plan to qualify as
performance-based compensation. Any feature of this Plan which is found to void the qualification of all payments under the Bonus Plan as performance-based compensation shall be modified to the extent necessary to comply with the requirements of
Section 162(m) of the Code. 
 SECTION 12. CLAIMS, INQUIRIES AND APPEALS. 

(a) Applications For Benefits And Inquiries. Any application for benefits, inquiries about the Plan or inquiries about present
or future rights under the Plan must be submitted to the Plan Administrator in writing. The Plan Administrator is: 
 The Compensation
Committee 
 of the Board of Directors of 

Seagate Technology Holdings plc 

ATTN: Vice President of Compensation and Benefits 

47488 Kato Road 
 Fremont,
California 94538 
 (b) Denial Of Claims. In the event that any application for benefits is denied in whole or in part, the
Plan Administrator must notify the applicant, in writing, of the denial of the application, and of the applicant’s right to review the denial. The written notice of denial will be set forth in a manner designed to be understood by the employee,
and will include specific reasons for the denial, specific references to the Plan provision upon which the denial is based, a description of any information or material that the Plan Administrator needs to complete the review and an explanation of
the Plan’s review procedure. 
 This written notice will be given to the employee within 90 days after the Plan Administrator receives
the application, unless special circumstances require an extension of time, in which case, the Plan Administrator has up to an additional 90 days for processing the application. If an extension of time for processing is required, written notice of
the extension will be furnished to the applicant before the end of the initial 90-day period. 

This notice of extension will describe the special circumstances necessitating the additional time and the date by which the Plan
Administrator is to render its decision on the application. If written notice of denial of the application for benefits is not furnished within the specified time, the application shall be deemed to be denied. The applicant will then be permitted to
appeal the denial in accordance with the Review Procedure described below. 

  
 14 

 (c) Request For A Review. Any person (or that person’s authorized
representative) for whom an application for benefits is denied (or deemed denied), in whole or in part, may appeal the denial by submitting a request for a review to the Plan Administrator within 60 days after the application is denied (or deemed
denied). The Plan Administrator will give the applicant (or his or her representative) an opportunity to review pertinent documents in preparing a request for a review. A request for a review shall be in writing and shall be addressed to: 

Seagate Technology Holdings plc Compensation Committee 

Plan Administrator for the Executive Severance and CIC Plan 

ATTN: Vice President of Compensation and Benefits 

47488 Kato Road 
 Fremont,
California 94538 
 A request for review must set forth all of the grounds on which it is based, all facts in support of the request and any other matters
that the applicant feels are pertinent. The Plan Administrator may require the applicant to submit additional facts, documents or other material as it may find necessary or appropriate in making its review. 

(d) Decision On Review. The Plan Administrator will act on each request for review within 60 days after receipt of the request,
unless special circumstances require an extension of time (not to exceed an additional 60 days) for processing the request for a review. If an extension for review is required, written notice of the extension will be furnished to the applicant
within the initial 60-day period. The Plan Administrator will give prompt, written notice of its decision to the applicant. In the event that the Plan Administrator confirms the denial of the application for
benefits in whole or in part, the notice will outline, in a manner calculated to be understood by the applicant, the specific Plan provisions upon which the decision is based. If written notice of the Plan Administrator’s decision is not given
to the applicant within the time prescribed in this Subsection (d), the application will be deemed denied on review. 
 (e)
Rules And Procedures. The Plan Administrator will establish rules and procedures, consistent with the Plan and with ERISA, as necessary and appropriate in carrying out its responsibilities in reviewing benefit claims. The Plan Administrator
may require an applicant who wishes to submit additional information in connection with an appeal from the denial (or deemed denial) of benefits to do so at the applicant’s own expense. 

(f) Exhaustion Of Remedies. No legal action for benefits under the Plan may be brought until the claimant (i) has submitted
a written application for benefits in accordance with the procedures described by Section 12(a) above, (ii) has been notified by the Plan Administrator that the application is denied (or the application is deemed denied due to the Plan
Administrator’s failure to act on it within the established time period), (iii) has filed a written request for a review of the application in accordance with the appeal procedure described in Section 12(c) above and (iv) has
been notified in writing that the Plan Administrator has denied the appeal (or the appeal is deemed to be denied due to the Plan Administrator’s failure to take any action on the claim within the time prescribed by Section 12(d) above).

 SECTION 13. BASIS OF PAYMENTS TO AND FROM PLAN. 

All benefits under the Plan shall be paid by the Company or the Applicable Subsidiary. The Plan shall be unfunded, and benefits hereunder
shall be paid only from the general assets of the Company or the Applicable Subsidiary. 

  
 15 

 SECTION 14. OTHER PLAN INFORMATION. 

(a) Employer And Plan Identification Numbers. The Employer Identification Number assigned to the Company (which is the
“Plan Sponsor” as that term is used in ERISA) by the Internal Revenue Service is 77-0545987. The Plan Number assigned to the Plan by the Plan Sponsor pursuant to the instructions of the Internal
Revenue Service is 003. 
 (b) Ending Date For Plan’s Fiscal Year. The date of the end of the fiscal year for the purpose
of maintaining the Plan’s records is the Friday which falls closest to, and including, June 30. 
 (c) Agent For The
Service Of Legal Process. The agent for the service of legal process with respect to the Plan is the General Counsel, Seagate Technology, 47488 Kato Road, Fremont, California 94538. The service of legal process may also be made on the Plan by
serving the Plan Administrator. 
 (d) Plan Sponsor And Administrator. The “Plan Sponsor” of the Plan is Seagate
Technology, and the “Plan Administrator” of the Plan is the Compensation Committee of the Board. Each of the Plan Sponsor and the Plan Administrator can be reached by contacting the Vice President of Compensation and Benefits in writing
at47488 Kato Road, Fremont, California 94538, and by telephone at (510) 661-1000. The Plan Administrator is the named fiduciary charged with the responsibility for administering the Plan. 

SECTION 15. STATEMENT OF ERISA RIGHTS. 

Participants in this Plan (which is a welfare benefit plan sponsored by Seagate Technology) are entitled to certain rights and protections
under ERISA if the participant is employed in the United States. If you are an Eligible Executive employed in the United States, you are considered a participant in the Plan and, under ERISA, you are entitled to: 

(a) Examine, without charge, at the Plan Administrator’s office and at other specified locations, such as work sites, all Plan
documents and copies of all documents filed by the Plan with the U.S. Department of Labor; 
 (b) Obtain copies of all Plan documents
and Plan information upon written request to the Plan Administrator. The Administrator may make a reasonable charge for the copies; and 

(c) Receive a summary of the Plan’s annual financial report, in the case of a plan which is required to file an annual financial
report with the Department of Labor. (Generally, all pension plans and welfare plans with 100 or more participants must file these annual reports.) 

In addition to creating rights for Plan participants, ERISA imposes duties upon the people responsible for the operation of the employee
benefit plan. The people who operate the Plan, called “fiduciaries” of the Plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. 

No one, including your employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from
obtaining a Plan benefit or exercising your rights under ERISA. If your claim for a Plan benefit is denied in whole or in part, you must receive a written explanation of the reason for the denial. You have the right to have the Plan Administrator
review and reconsider your claim. 

  
 16 

 Under ERISA, there are steps you can take to enforce the above rights. For instance, if you
request materials from the Plan and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to $110 a day until you receive the
materials, unless the materials were not sent because of reasons beyond the control of the Plan Administrator. If you have a claim for benefits that is denied or ignored, in whole or in part, you may file suit in a state or federal court. If it
should happen that the Plan fiduciaries misuse the Plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a federal court. The court will
decide who should pay court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim
is frivolous. 
 If you have any questions about the Plan, you should contact the Plan Administrator. If you have any questions, about your
rights under ERISA, you should contact the nearest area office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquires, Employee Benefits
Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee
Benefits Security Administration. 
 SECTION 16. EFFECT OF SECTION 409A OF THE CODE 

This Plan is intended to comply with all applicable law, including Section 409A of the Code. If the Eligible Executive is a U.S.
Executive, a termination of employment shall not be deemed to have occurred for purposes of any provision of this Plan providing for the payment of any amount or benefit that is considered deferred compensation under Section 409A of the Code
upon or following a termination of employment unless such termination of employment is also a “separation from service” within the meaning of Section 409A of the Code. If an Eligible Executive is deemed on the Termination Date to be a
“specified employee” (as such term is defined under Section 409A of the Code), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Section 409A of the Code payable on
account of a “separation from service,” to the extent required to avoid any taxes imposed under Section 409A(a)(1) of the Code, such payment or benefit shall be made or provided, without interest, at the date which is no more than 15
days following the expiration of the six month period measured from the Termination Date. 
 No payment shall be made, no benefit shall be provided and no
acceleration or modification may be made under this Plan that would result in the imposition of an additional tax under Section 409A of the Code upon a U.S. Executive. In the event that it is reasonably determined by the Plan Administrator
that, as a result of Section 409A of the Code, payments under the Plan may not be made or benefits provided at the time or in the manner contemplated by the terms of the Plan without causing the U.S. Executive to be subject to taxation under
Section 409A of the Code, the Company or the Applicable Subsidiary will make such payment or provide such benefit on the first day that would not result in the U.S. Executive incurring any tax liability under Section 409A of the Code
and/or shall modify such payment or benefit to avoid incurring such tax liability. Notwithstanding the foregoing, neither the Parent nor any subsidiary, nor any of their employees or representatives, shall have any liability to the U.S. Executive
with respect to the imposition of any early or additional tax under Section 409A of the Code. 

  
 17 

 For purposes of Section 409A of the Code, each payment made under this Plan shall be designated as a
“separate payment” within the meaning of Section 409A of the Code. In addition, all benefits provided under this Plan to U.S. Executives shall be made or provided in accordance with the requirements of Section 409A of the Code
including, where applicable, the requirement that (i) the amount of benefits provided during a calendar year may not affect the benefits to be provided in any other calendar year and (ii) the right to benefits may not be subject to
liquidation or exchange for another benefit. 

  
 18 

 SCHEDULE A 

Potential Eligible Executives employed in the United States 

Seagate Technology (US) Holdings, Inc. 

Seagate US LLC 
 Seagate
Technology LLC 
 Seagate Systems (US) Inc. 

Seagate Cloud Systems, Inc. 

Seagate Federal, Inc. 
 Potential Eligible
Executives employed in Malaysia 
 Seagate International (Johor) Sdn. Bhd. 

Penang Seagate Industries (M) Sdn. Bhd. 

Seagate Systems (Malaysia) Sdn. Bhd. 

Seagate Global Business Services (Malaysia) Sdn. Bhd. 

Potential Eligible Executives employed in Thailand 

Seagate Technology (Thailand) Limited 

Seagate Systems (UK) Limited (Thailand employees) 

Potential Eligible Executives employed in United Kingdom 

Seagate Technology UK Ltd. 

Seagate Technology (Ireland) 

LaCie Ltd. 
 Seagate Systems (UK)
Limited 
 Potential Eligible Executives employed in Singapore 

Seagate Singapore International Headquarters Pte. Ltd. 

Seagate Technology International (Singapore branch) 

Seagate Systems (UK) Limited (Singapore employees) 

Dot Hill Singapore Pte. Ltd. 
 Potential Eligible
Executives employed in Canada 
 Seagate Technology Canada Inc. 

Seagate Systems (Canada) Limited 

 Seagate Technology Confidential 

BENEFIT SCHEDULES 
 FOR
THE SEAGATE TECHNOLOGY 
 EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 

The following benefits schedules set forth the benefits payable to Eligible Executives. The benefits schedules disclosed in public filings are for those for
Eligible Executives who currently are, or are foreseeable to become, “named executive officers,” as defined in Item 402 of Regulation S-K and the other applicable rules and regulations promulgated by
the Securities and Exchange Commission. The amount of benefits payable is dependent upon the Level in which the Eligible Executive falls and whether the Termination Event occurs during a Change in Control period, as more particularly described in
the Plan. 
 The Plan Administrator shall determine in which Level an Eligible Executive shall be placed for purposes of receiving severance benefits under
this Plan. The Plan Administrator’s determination shall be final and shall be binding and conclusive on all persons. The Plan Administrator retains the right to reclassify a Potential Eligible Executive prior to the date of the Termination
Event and/or the occurrence of a Change in Control, except as expressly restricted by this Plan in connection with the occurrence of a Change in Control. 

All payout schedules set forth in the Benefits Schedules shall be subject to the provisions of this Plan, including, without limitation, Sections 5 and 16.

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               1	  	Salary Grade:         188
		
	Location:       U.S.	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	24 months of Pay
		
	Bonus	  	Prior Year Bonus, if applicable, and Pro Rata Bonus
		
	Other	  	Outplacement services for two years following Termination Date
		
	Payout Schedule	  	The lesser of (i) 50% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder
payable 12 months following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	36 months of Pay
		
	Bonus	  	36 months of Target Bonus (less any Pro Rata Bonus already paid, if applicable)
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for two years following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               2	  	Salary Grade:        184 through 187
		
	Location:       U.S.	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	20 months of Pay
		
	Bonus	  	Prior Year Bonus, if applicable, and Pro Rata Bonus
		
	Other	  	Outplacement services for two years following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 50% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder
payable 12 months following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	24 months of Pay
		
	Bonus	  	24 months of Target Bonus (less any Pro Rata Bonus already paid, if applicable)
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting
of all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan
governing such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event;
provided, however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for two years following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               3	  	Salary Grade:        182 and 183
		
	Location:       U.S.	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	16 months of Pay
		
	Bonus	  	Prior Year Bonus, if applicable, and Pro Rata Bonus
		
	Other	  	Outplacement services for 18 months following Termination Date
		
	Payout Schedule	  	The lesser of (i) 50% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder
payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	18 months of Pay
		
	Bonus	  	18 months of Target Bonus (less any Pro Rata Bonus already paid, if applicable)
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for 18 months following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               4	  	Salary Grade:        180
		
	Location:       U.S.	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	12 months of Pay
		
	Bonus	  	Prior Year Bonus, if applicable, and Pro Rata Bonus
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	12 months of Pay
		
	Bonus	  	12 months of Target Bonus (less any Pro Rata Bonus already paid, if applicable)
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for one year following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        182 and 183
		
	Location:       Canada	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 12
months (“Canada Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for 18 months following Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Canada Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date,
with the remainder of the Canada Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	Canada Severance Pay Amount (as defined above)
		
	Bonus	  	18 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for 18 months following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        180
		
	Location:       Canada	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 12
months (“Canada Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Canada Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date,
with the remainder of the Canada Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	Canada Severance Pay Amount (as defined above)
		
	Bonus	  	12 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	 Continued Coverage Payment, and
 Outplacement
services for one year following the Termination Date

		
	Payout Schedule	  	The lesser of (i) 100% of the Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date, with the remainder,
if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        182 and 183
		
	Location:       Thailand	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) either (A) six months, for those Non-U.S. Eligible Executives with less than six years of service with the Parent or any of its
subsidiaries prior to the Termination Event or (B) eight months for those Non-U.S. Eligible Executives with six or more years of service with the Parent or any of its subsidiaries prior to the Termination
Event, plus, (ii) one additional month for each year of service over eight years, with the total of (i) and (ii) subject to an aggregate maximum of 24 months (“Thailand Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Thailand Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Thailand Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	Thailand Severance Pay Amount (as defined above)
		
	Bonus	  	18 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        180
		
	Location:       Thailand	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) either (A) six months, for those Non-U.S. Eligible Executives with less than six years of service with the Parent or any of its
subsidiaries prior to the Termination Event or (B) eight months for those Non-U.S. Eligible Executives with six or more years of service with the Parent or any of its subsidiaries prior to the Termination
Event, plus, (ii) one additional month for each year of service over eight years, with the total of (i) and (ii) subject to an aggregate maximum of 24 months (“Thailand Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Thailand Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Thailand Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	Thailand Severance Pay Amount (as defined above)
		
	Bonus	  	12 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        182 and 183
		
	Location:       Malaysia	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 24
months (“Malaysia Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Malaysia Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Malaysia Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.

  

			
	DURING A CHANGE IN CONTROL PERIOD
 Note: No enhanced benefits due to a Termination
Event occurring within a Change in
Control Period shall be paid prior to the effective date of a Change in Control.

		
	Base	  	Malaysia Severance Pay Amount (as defined above)
		
	Bonus	  	18 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        180
		
	Location:       Malaysia	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 24
months (“Malaysia Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Malaysia Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Malaysia Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.
	
	 DURING A CHANGE IN CONTROL PERIOD

Note: No enhanced benefits due to a Termination Event occurring within a Change in
Control Period shall be paid prior to the effective date
of a Change in Control.

		
	Base	  	Malaysia Severance Pay Amount (as defined above)
		
	Bonus	  	12 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        182 and 183
		
	Location:       Singapore	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 24
months (“Singapore Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Singapore Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Singapore Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.
	
	 DURING A CHANGE IN CONTROL PERIOD

Note: No enhanced benefits due to a Termination Event occurring within a Change in
Control Period shall be paid prior to the effective date
of a Change in Control.

		
	Base	  	Singapore Severance Pay Amount (as defined above)
		
	Bonus	  	18 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        180
		
	Location:       Singapore	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 24
months (“Singapore Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Singapore Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation
Date, with the remainder of the Singapore Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.
	
	 DURING A CHANGE IN CONTROL PERIOD

Note: No enhanced benefits due to a Termination Event occurring within a Change in
Control Period shall be paid prior to the effective date
of a Change in Control.

		
	Base	  	Singapore Severance Pay Amount (as defined above)
		
	Bonus	  	12 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        182 and 183
		
	Location:       United Kingdom	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 18
months (“U.K. Severance Pay Amount”).
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the U.K. Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date,
with the remainder of the U.K. Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.
	
	 DURING A CHANGE IN CONTROL PERIOD

Note: No enhanced benefits due to a Termination Event occurring within a Change in
Control Period shall be paid prior to the effective date
of a Change in Control.

		
	Base	  	U.K. Severance Pay Amount (as defined above)
		
	Bonus	  	18 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for 18 months following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

  

 Seagate Technology Confidential 
  

 BENEFITS SCHEDULES 

FOR THE SEAGATE TECHNOLOGY 

EXECUTIVE SEVERANCE AND CHANGE IN CONTROL (CIC) PLAN 
  

			
	Tier:               Non-US	  	Salary Grade:        180
		
	Location:       United Kingdom	  	

 Benefits Payable in the Event of a Termination Event (involuntary termination): 

 

			
	WITHOUT A CHANGE IN CONTROL
		
	Base	  	The number of months of Pay equal to the sum of (i) six months plus, (ii) one additional month for each year of service over six years, with the total of (i) and (ii) subject to an aggregate maximum of 18
months (“U.K. Severance Pay Amount”)
		
	Bonus	  	Prior Year Bonus, if applicable
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the U.K. Severance Pay Amount and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following the Payment Confirmation Date,
with the remainder of the U.K. Severance Pay Amount, if any, payable 6 months and 1 day following the Termination Date.
	
	 DURING A CHANGE IN CONTROL PERIOD

Note: No enhanced benefits due to a Termination Event occurring within a Change in
Control Period shall be paid prior to the effective date
of a Change in Control.

		
	Base	  	U.K. Severance Pay Amount (as defined above)
		
	Bonus	  	12 months of Target Bonus
		
	Equity	  	Upon the later of (i) a Termination Event occurring during a Change in Control Period and (ii) immediately prior to the effective date of a Change in Control, other than as provided herein, there shall be full vesting of
all unvested equity-based awards (whether or not granted prior to or following the adoption of this Plan). Notwithstanding the applicable provisions of the Eligible Executive’s award agreements or the relevant stock compensation plan governing
such equity-based awards, if a Termination Event occurs during a Change in Control Period but prior to the effective date of the Change in Control, no unvested awards shall lapse or be forfeited solely on account of such Termination Event; provided,
however, if the Change in Control has not occurred within the 6-month period following the Termination Event, all such unvested awards shall automatically lapse at the end of such 6-month period. In addition, if an award agreement specifies the manner and extent to which such award shall become accelerated in connection with a Change in Control, the terms of such award agreement will govern
for purposes of determining the number of shares that will become vested in connection with a Termination Event during a Change in Control Period.
		
	Other	  	Outplacement services for one year following the Termination Date
		
	Payout Schedule	  	The lesser of (i) 100% of the Non-U.S. Benefit and (ii) twice the compensation limit then in effect under Section 401(a)(17) of the Code, payable within 20 business days following
the Payment Confirmation Date, with the remainder, if any, payable 6 months and 1 day following the Termination Date.

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