Document:

exv10w12w2

 

EXHIBIT 10.12.2

SECOND AMENDMENT

TO THE

WESTERN DIGITAL CORPORATION

401(k) PLAN

PREAMBLE

     1. Adoption and Effective Date of Amendment. This Amendment to the Western Digital
Corporation 401(k) Plan (the “Plan”) is adopted to reflect certain provisions of the Economic
Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This Amendment is intended as good
faith compliance with the specific requirements of EGTRRA and guidance issued thereunder. In
accordance with the guidance, this Amendment shall be effective as of March 28, 2005.

     2. Supersession of Inconsistent Provisions. This Amendment shall supersede the
provisions of the Plan to the extent those provisions are inconsistent with the provisions of this
Amendment.

     3. Defined Terms. Wherever used in this Amendment, terms identified by initial
capitalization shall have the meanings indicated in the Plan unless a different meaning is plainly
required by the context. The singular shall include the plural, unless the context indicates
otherwise. Headings are used for convenience of reference only, and in case of conflict, the text
of this Amendment, rather than such headings, shall control.

 

     1. Effective as of March 28, 2005, Section 9.4.1.1 is hereby amended in its entirety to read
as follows:

“9.4.1.1 In the case of a Participant whose Distributable Benefit is $1,000
or less, distribution shall be made as soon as administratively practicable
following the Valuation Date coinciding with or immediately following such
Participant’s Severance, whether or not the Participant consents to such
distribution. The preceding provisions of this Subsection 9.4.1.1 shall not
be interpreted or applied to preclude the administrative practice of
effecting distribution as of the last day of a month, quarter or other
period not less frequent than annual, of all distributions to be made
pursuant to this Subsection 9.4.1.1 with respect to Severances occurring
during such period.”

 

 

     2. Effective as of March 28, 2005, Section 9.4.1.2 is hereby amended in its entirety
to read as follows:

“9.4.1.2 In the case of a Participant whose Distributable Benefit is $1,001
or more, distribution shall be made as soon as administratively practicable
following the Valuation Date coinciding with or next following the later of
(A) the Valuation Date determined in accordance with Section 10.2, or (B)
the receipt by the Retirement Committee of the consent of the Participant to
the distribution in accordance with 9.4.1.4 below.”

     IN WITNESS WHEREOF, in order to record the adoption of this Amendment. WESTERN DIGITAL
CORPORATION has caused this instrument to be executed by its duly authorized officer this
12th day of January, 2006.

	 	 	 	 	 	 	 
	 	 	WESTERN DIGITAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Raymond M. Bukaty	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:
	 	Raymond M. Bukaty	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:
	 	Sr. Vice President, Administration,	 	 
	 

	 	 	 	General Counsel and Secretaryexv10w12w3

 

EXHIBIT 10.12.3

AMENDMENT

TO THE WESTERN DIGITAL 401(k) PLAN

The Western Digital Corporation 401(k) Plan (hereinafter referred to as the “Plan”) is hereby
amended effective March 31, 2006.

WHEREAS, Western Digital Corporation believes that increased participation by employees in the Plan
is beneficial to those employees and desires to amend the Plan to facilitate greater participation
in the Plan through automatic enrollment;

NOW, THEREFORE, the Plan is hereby amended as follows:

 Amendment

Section 2.33, Pre-tax Contributions, of the Plan is hereby amended by the addition of the following
paragraphs:

Automatic Salary Reduction Contributions.

An Eligible Employee shall contribute on a pre-tax basis 3% of such Eligible Employee’s
Compensation that would otherwise be paid to such Eligible Employee for each payroll period
unless such Eligible Employee elects a different percentage, or elects 0% by submitting a
request in a manner prescribed by the Retirement Committee.

Effective the 1st day of April, 2006, the salary reduction contributions
described in this section shall be automatically withheld from an Eligible Employee’s
Compensation beginning 30 days following an Eligible Employee’s Employment Commencement
Date.

Notwithstanding any other provision of the Plan to the contrary, the salary reduction
contributions contributed pursuant to this section shall be credited to a separate account,
for each such Participant, established pursuant to the terms of the Plan. In the event
that a Participant does not make a written designation of the manner in which such
Participant’s salary reduction contributions contributed pursuant to this section are to be
invested, such contributions shall be invested as provided in Section 7.3.4 of the Plan.

Notwithstanding the foregoing, the Employer shall provide each Eligible Employee with a
written notice describing the effect of the automatic contributions provided for in this
section prior to the first period for which such automatic contributions are to be in
effect. The Employer shall provide each Eligible Employee with a reasonable period of time
to submit an election prior to the implementation of the first automatic contributions
described in this section. Any such election shall continue to be in effect until a
Participant submits a subsequent election. Annually, the Employer shall provide the
eligible Employees subject to such automatic contributions with a written notice of the
application of the automatic contributions.

Notwithstanding any other provision of the Plan to the contrary, automatic salary reduction
contributions described in this section shall be treated as Pre-tax Contributions for all
purposes under this Plan, including, but not limited to, provisions relating to Employer
matching.

 

 

Section 7.3.4 of the Plan is hereby amended to add the following sentence:

In the event a Participant subject to the automatic salary reduction contribution
provisions of Section 2.33 fails to make an investment designation in accordance with this
Article 7, contributions by and on behalf of such Participant shall be invested in a mixed
retirement fund portfolio with a target date closest to the year the Participant will
become sixty-five years of age.

IN WITNESS WHEREOF, and as evidence of its adoption of this Amendment to the Plan, Western Digital
Corporation has caused this Amendment to be executed by its duly authorized officer.

Western Digital Corporation

	 	 	 	 	 
	By:

	 	/s/ Raymond M. Bukaty
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Print Name:

	 	Raymond M. Bukaty	 	 
	 
	 	 	 	 
	Title:

	 	Sr. Vice President, Administration	 	 
	 
	 	 	 	 
	Date:

	 	3/29/06	 	 

The Trustees under the Plan hereby acknowledge receipt of the foregoing Amendment to the Plan.

TRUSTEE: T. Rowe Price Trust Company

	 	 	 	 	 
	Receipt
	 	 	 	 
	Acknowledged
	 	 	 	 
	By:
	 	/s/ David M. Abbey	 	 
	 
	 	 	 
	 
	 	 	 	 
	Print Name:
	 	David M. Abbey	 	 
	 
	 	 	 	 
	Title:
	 	Vice President	 	 
	 
	 	 	 	 
	Date:
	 	4-5-06exv10w18w1

 

EXHIBIT
10.18.1

	 	 	 
	

	 	Western Digital Corporation 

20511 Lake Forest Drive 

Lake Forest, California 92630

Tel: 949.672.7000

February 16, 2006

Mr. Hossein Moghadam

20511 Lake Forest Drive

Lake Forest, CA 92630

Dear Hossein:

     When countersigned by you below, this letter shall constitute our agreement that the entire
Performance Share Award (grant number PS050005) granted by Western Digital Corporation (the
“Company”), to you on May 19, 2005, in accordance with that certain Notice of Grant of
Performance Share Awards and Performance Share Award Agreement, dated on or about May 19, 2005,
is hereby terminated and you have no further rights with respect to, or in respect of, such
Performance Share Award.

     This letter agreement, which is entered for good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, shall be interpreted and construed in
accordance with the laws of the State of Delaware (without regard to conflict of law principles)
and applicable federal law. This letter agreement constitutes the entire agreement and
supersedes all prior understandings and agreements, written or oral, of the parties hereto with
respect to the subject matter hereof.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Western Digital Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Raymond M. Bukaty	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Raymond M. Bukaty	 	 
	 

	 	 	 	Senior Vice President,
Administration, 
General Counsel
and Secretary
	 	 

Agreed to and Accepted by:

/s/
Hossein Moghadam 

Hossein
Moghadamexv10w21w1

 

EXHIBIT
10.21.1

	 	 	 
	

	 	Western Digital Corporation

20511 Lake Forest Drive

Lake Forest, California 92630 

Tel: 949.672.7000

February 16, 2006

Mr. Stephen D. Milligan

20511 Lake Forest Drive

Lake Forest, CA 92630

Dear Steve:

     When countersigned by you below, this letter shall constitute our agreement that the entire
Performance Share Award granted by Western Digital Corporation (the “Company”), to you on January
20, 2005, in accordance with that certain Notice of Grant of Performance Share Awards and
Performance Share Award Agreement, dated on or about January 20, 2005, is hereby terminated and
you have no further rights with respect to, or in respect of, such Performance Share Award.

     This letter agreement, which is entered for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, shall be interpreted and construed in accordance
with the laws of the State of Delaware (without regard to conflict of law principles) and
applicable federal law. This letter agreement constitutes the entire agreement and supersedes all
prior understandings and agreements, written or oral, of the parties hereto with respect to the
subject matter hereof.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Western Digital Corporation	 	 
	 
	 

	 	By:	 	/s/ Raymond M. Bukaty 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Raymond M. Bukaty
 Senior Vice
President, Administration, 
General
Counsel and Secretary
	 	 

Agreed to and Accepted by:

/s/
Stephen D.
Milligan                 

Stephen D. Milligan

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