Document:

<PAGE>
                                                                    EXHIBIT 10.2

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(WESTERN DIGITAL LOGO)                              WESTERN DIGITAL CORPORATION
                                                    ID:  95-2657125
                                                    P.O. Box 19665
                                                    Lake Forest, CA 92630-7741
                                                    (949) 672-7000 x 27985/27986

NOTICE OF GRANT OF STOCK UNITS
AND STOCK UNIT AWARD AGREEMENT

((FN))((MN))((LN))                           AWARD NUMBER:       ((NBR))
((AD1))                                      PLAN:               ((PLN))
((AD2))                                      ID:                 ((ID))
((CTY)), ((ST)) ((Z))

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Congratulations! Effective((optdt)), you have been granted stock units of
Western Digital Corporation. These stock units were granted under the 2004
Performance Incentive Plan (the "Plan").(1)

VESTING(2):

<Table>
<Caption>
                      Units                 Vest Type             Full Vest
                      -----                 ---------             ---------
                     <S>                    <C>                   <C>
                     ((sp1))                ((vtpr1))              ((vdp1))
                     ((sp2))                ((vtp2))               ((vdp2))
                     ((sp3))                ((vtp3))               ((vdp3))
                     ((sp4))                ((vtp4))               ((vdp4))
</Table>

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Your stock unit award is subject to the terms and conditions of this Notice, the
attached Standard Terms and Conditions for Stock Unit Awards (the "Standard
Terms") and the Plan. By accepting the award, you are agreeing to the terms of
the award as set forth in those documents. You should read the Plan, the
Prospectus for the Plan, and the Standard Terms. The Standard Terms and the Plan
are each incorporated into (made a part of) this Notice by this reference. You
do not have to accept your award. If you do not agree to the terms of your
award, you should promptly return this Notice to the Western Digital Corporation
Stock Plans Administrator.

A copy of the Plan, the Prospectus for the Plan, and the Standard Terms have
been provided to you. If you need another copy of these documents, or if you
would like to confirm that you have the most recent version, please contact the
Company's Stock Plans Administrator.
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--------

1    The number of stock units subject to the award is subject to adjustment
     under Section 7.1 of the Plan (for example, and without limitation, in
     connection with stock splits).

2    The stock units covered by the award are subject to forfeiture under
     Section 7 of the attached Standard Terms and Conditions for Stock Unit
     Awards.

<PAGE>
                                                                    EXHIBIT 10.2

(WESTERN DIGITAL LOGO)

     Western Digital Corporation 20511 Lake Forest Drive
     Lake Forest, California 92630 Telephone 949 672-7000

                        STANDARD TERMS AND CONDITIONS FOR
                                STOCK UNIT AWARDS
                         2004 Performance Incentive Plan

1.   STOCK UNITS SUBJECT TO 2004 PERFORMANCE INCENTIVE PLAN

The Stock Unit Award (the "Award") referred to in the attached Notice of Grant
of Stock Units and Stock Unit Award Agreement (the "Notice") was awarded under
Western Digital Corporation's (the "Corporation's") Amended and Restated 2004
Performance Incentive Plan (the "Plan"). Each stock unit covered by the Award
("Stock Unit") is a non-voting unit of measurement that is deemed for
bookkeeping purposes to be equivalent to one outstanding share of Common Stock
(subject to adjustment as provided in Section 7.1 of the Plan). The holder of
the Stock Units is referred to herein as the "Participant." Stock Units shall be
used solely as a device for the determination of the number of shares of Common
Stock to eventually be delivered to the Participant if Stock Units held by such
Participant vest pursuant to Section 4, Section 7 or Section 8 and shall not be
treated as property or as a trust fund of any kind. Stock Units granted to the
Participant shall be credited to an unfunded bookkeeping account maintained by
the Corporation on behalf of the Participant (a "Stock Unit Account").

The Stock Units are subject to the terms and provisions of the Notice, these
Standard Terms and Conditions for Stock Unit Awards (these "Standard Terms"),
and the Plan. To the extent any information in the Notice, the prospectus for
the Plan, or other information provided by the Corporation conflicts with the
Plan and/or these Standard Terms, the Plan or these Standard Terms, as
applicable, shall control. To the extent any terms and provisions in these
Standard Terms conflict with the terms and provisions of the Plan, the Plan
shall control. Capitalized terms not defined herein have the meanings set forth
in the Plan.

2.   AWARD AGREEMENT

The Notice and these Standard Terms, together, constitute the Award Agreement
with respect to the Award pursuant to Section 5.3 of the Plan.

3.   DEFERRAL OF STOCK UNITS

Notwithstanding anything to the contrary contained herein, the Administrator may
determine that the Participant is eligible to defer the Stock Units subject to
the Award (such determination to be made by delivery to the Participant of a
deferral election form). In the event that the Administrator makes such a
determination, the Participant may elect, on a form and in a manner provided by
the Corporation, to defer the Stock Units subject to the Award under the
Corporation's Deferred Compensation Plan (the "Deferred Compensation Plan"), in
which case the Stock Units will be paid (to the extent vested) in accordance
with the payment provisions of the Deferred Compensation Plan (including without
limitation the provisions requiring a six-month payment delay in the event that
the Participant is a "specified employee" for purposes of Section 409A of the
Code), which are incorporated herein by this reference, and any applicable
deferral election made by the Participant under and in accordance with the rules
of the Deferred Compensation Plan. If the Participant is not permitted to defer
the Stock Units, the Stock Units will be paid in accordance with this Award
Agreement without regard to this Section 3.

                                       2

<PAGE>
4.   VESTING

Except as otherwise provided in this Award Agreement, the Award shall vest and
become nonforfeitable in percentage installments of the aggregate number of
Stock Units as set forth in the Notice.

An Award may vest and become payable in connection with the occurrence of
certain events involving the Corporation as provided for in Section 7 of the
Plan; provided, however, that, notwithstanding anything to the contrary in this
Award Agreement or the Plan, if the event giving rise to any accelerated vesting
pursuant to Section 7 of the Plan is not also a "change in control event" of the
Corporation for purposes of Section 409A of the Code, then payment with respect
to the Award shall not be made until such Stock Units would have become vested
and payable without regard to Section 7 of the Plan.

The vesting schedule requires continued employment or service through each
applicable vesting date as a condition to the vesting of the applicable
installment of the Award and the rights and benefits under this Award Agreement.
Employment or service for only a portion of the vesting period, even if a
substantial portion, will not entitle the Participant to any proportionate
vesting or avoid or mitigate a termination of rights and benefits upon or
following a termination of employment or services as provided in Section 7 below
or under the Plan.

5.   DIVIDEND EQUIVALENT RIGHTS DISTRIBUTIONS

As of any date that the Corporation pays an ordinary cash dividend on its Common
Stock, the Corporation shall credit the Participant's Stock Unit Account with an
additional number of Stock Units equal to (i) the per share cash dividend paid
by the Corporation on its Common Stock on such date, multiplied by (ii) the
number of Stock Units remaining subject to the Award as of the related dividend
payment record date, divided by (iii) the Fair Market Value of a share of Common
Stock on the date of payment of such dividend. The Stock Units credited pursuant
to the foregoing provisions of this Section 5 shall be subject to the same
vesting, payment and other terms, conditions and restrictions as the original
Stock Units to which they relate. Notwithstanding the preceding sentence, if the
Participant is permitted to make, and has made, a deferral election with respect
to the Stock Units, then the Stock Units credited pursuant to the foregoing
provisions of this Section 5 shall be credited under, and paid in an equivalent
number of shares of Common Stock in accordance with the payment provisions of,
the Deferred Compensation Plan and any applicable deferral election made by the
Participant under and in accordance with the rules of the Deferred Compensation
Plan.

6.   TIMING AND MANNER OF PAYMENT OF STOCK UNITS

Except as provided in Section 3 or 4 above, on or within fifteen (15) business
days following the vesting of any Stock Units granted (or credited pursuant to
Section 5) to the Participant (whether pursuant to Section 4 or Section 7 hereof
or Section 7 of the Plan), the Corporation shall deliver to the Participant a
number of shares of Common Stock (either by delivering one or more certificates
for such shares or by entering such shares in book entry form, as determined by
the Corporation in its sole discretion) equal to the number of Stock Units that
vest on the applicable vesting date (including any Stock Units credited as
dividend equivalents pursuant to Section 5 with respect to the Stock Units that
vest), subject to adjustment as provided in Section 7 of the Plan. The
Corporation's obligation to deliver shares of Common Stock with respect to
vested Stock Units is subject to the condition precedent that the Participant
(or other person entitled under the Plan to receive any shares with respect to
the vested Stock Units) delivers to the Corporation any representations or other
documents or assurances required pursuant to Section 8.1 of the Plan. The
Participant shall have no further rights with respect to any Stock Units that
are paid pursuant to this Section 6 or that are terminated pursuant to Section 7
hereof or Section 7 of the Plan, and such Stock Units shall be removed from the
Participant's Stock Unit Account upon the date of such payment or termination.
The Corporation may, in its sole discretion, settle any Stock Units credited as
dividend equivalents by a cash payment equal to the Fair Market Value of a share
of Common Stock on the date of payment (as opposed to payment in the form of
shares of Common Stock).

                                       3

<PAGE>
7.   TERMINATION OF EMPLOYMENT

Subject to earlier vesting as provided in Section 4 and Section 8 hereof, if the
Participant ceases to be employed by or to provide services to the Corporation
or its Subsidiaries (regardless of the reason for such termination, whether with
or without cause, voluntarily or involuntarily, or due to disability), the
Participant's Stock Units shall be forfeited to the Corporation to the extent
such Stock Units have not become vested upon the date the Participant's
employment or services terminate; provided, however, that in the event of the
Participant's death at a time when the Participant is employed by or providing
services to the Corporation or any of its Subsidiaries, a portion of the
otherwise unvested Stock Units shall automatically become fully vested as of
such date of death as set forth in the next sentence, and shall be paid to the
Participant's legal representative as provided in Section 6 above. In the event
the date of the Participant's death is at a time when the Participant is
employed by or providing services to the Corporation or any of its Subsidiaries,
the number of Stock Units that shall become vested on the date of the
Participant's death equals: (a) the number of Stock Units that would have vested
on the next scheduled vesting date applicable to the Award (as set forth in the
Notice) (the "Next Scheduled Vesting Date") had the Participant continued to be
employed through such date, multiplied by (b) a fraction (not greater than one),
the numerator of which is the number of calendar days following the last
scheduled vesting date applicable to the Award as set forth in the Notice (or,
if there was no such prior vesting date applicable to the Award, the date of
grant of the Stock Units (the "Measurement Date") through and including the date
of the Participant's death, and the denominator of which is the total number of
calendar days in the period beginning with the day after the Measurement Date
and ending with the Next Scheduled Vesting Date.

8.   ADJUSTMENTS

The Administrator may accelerate payment and vesting of the Stock Units in such
circumstances as it, in its sole discretion, may determine. In addition, upon
the occurrence of certain events relating to the Corporation's stock
contemplated by Section 7.1 of the Plan, the Administrator will make adjustments
if appropriate in the number of Stock Units then outstanding and the number and
kind of securities that may be issued in respect of the Award. No such
adjustment shall be made with respect to any ordinary cash dividend for which
dividend equivalents are paid pursuant to Section 5.

9.   WITHHOLDING TAXES

Upon or in connection with the vesting of the Stock Units, the payment of
dividend equivalents and/or the distribution of shares of Common Stock in
respect of the Stock Units, the Corporation (or the Subsidiary last employing
the Participant) shall have the right at its option to (a) require the
Participant to pay or provide for payment in cash of the amount of any taxes
that the Corporation or the Subsidiary may be required to withhold with respect
to such vesting, payment and/or distribution, or (b) deduct from any amount
payable to the Participant the amount of any taxes which the Corporation or the
Subsidiary may be required to withhold with respect to such vesting, payment
and/or distribution. In any case where a tax is required to be withheld in
connection with the delivery of shares of Common Stock under this Award
Agreement, the Administrator may, in its sole discretion, direct the Corporation
or the Subsidiary to reduce the number of shares to be delivered by (or
otherwise reacquire) the appropriate number of whole shares, valued at their
then fair market value (with the "fair market value" of such shares determined
in accordance with the applicable provisions of the Plan), to satisfy such
withholding obligation at the minimum applicable withholding rates.

10.  NONTRANSFERABILITY

Neither the Award, nor any interest therein or amount or shares payable in
respect thereof may be sold, assigned, transferred, pledged or otherwise
disposed of, alienated, encumbered, either voluntarily or involuntarily. The
transfer restrictions in the preceding sentence shall not apply to (a) transfers
to the Corporation, or (b) transfers by will or the laws of descent and
distribution.

11.  NO RIGHT TO EMPLOYMENT

Nothing contained in this Award Agreement or the Plan constitutes an employment
or service commitment by the Corporation or any of its Subsidiaries, affects the
Participant's status, if he or she is an employee, as an employee at

                                       4

<PAGE>
will who is subject to termination without cause, confers upon the Participant
any right to remain employed by or in service to the Corporation or any
Subsidiary, interferes in any way with the right of the Corporation or any
Subsidiary at any time to terminate such employment or service, or affects the
right of the Corporation or any Subsidiary to increase or decrease the
Participant's other compensation.

12.  RIGHTS AS A STOCKHOLDER

Subject to the provisions of the Plan, the Notice and these Standard Terms, the
Participant shall have no rights as a stockholder of the Corporation, no
dividend rights (except as expressly provided in Section 5 with respect to
dividend equivalent rights) and no voting rights with respect to Stock Units
awarded to the Participant and any shares of Common Stock underlying or issuable
in respect of such Stock Units until such shares of Common Stock are actually
issued to and held of record by the Participant. No adjustments will be made for
dividends or other rights of a holder for which the record date is prior to the
date of issuance of the stock certificate.

13.  NOTICES

Any notice to be given under the terms of this Award Agreement shall be in
writing and addressed to the Corporation at its principal office to the
attention of the Secretary, and to the Participant at the address last reflected
on the Corporation's payroll records, or at such other address as either party
may hereafter designate in writing to the other. Any such notice shall be
delivered in person or shall be enclosed in a properly sealed envelope addressed
as aforesaid, registered or certified, and deposited (postage and registry or
certification fee prepaid) in a post office or branch post office regularly
maintained by the United States Government. Any such notice shall be given only
when received, but if the Participant is no longer employed by the Corporation
or a Subsidiary, shall be deemed to have been duly given five business days
after the date mailed in accordance with the foregoing provisions of this
Section 13.

14.  ARBITRATION

Any controversy arising out of or relating to this Award Agreement (including
these Standard Terms) and/or the Plan, their enforcement or interpretation, or
because of an alleged breach, default, or misrepresentation in connection with
any of their provisions, or any other controversy arising out of or related to
the Award, including, but not limited to, any state or federal statutory claims,
shall be submitted to arbitration in Orange County, California, before a sole
arbitrator selected from Judicial Arbitration and Mediation Services, Inc.,
Orange, California, or its successor ("JAMS"), or if JAMS is no longer able to
supply the arbitrator, such arbitrator shall be selected from the American
Arbitration Association, and shall be conducted in accordance with the
provisions of California Code of Civil Procedure Sections 1280 et seq. as the
exclusive forum for the resolution of such dispute; provided, however, that
provisional injunctive relief may, but need not, be sought by either party to
this Award Agreement in a court of law while arbitration proceedings are
pending, and any provisional injunctive relief granted by such court shall
remain effective until the matter is finally determined by the arbitrator. Final
resolution of any dispute through arbitration may include any remedy or relief
which the arbitrator deems just and equitable, including any and all remedies
provided by applicable state or federal statutes. At the conclusion of the
arbitration, the arbitrator shall issue a written decision that sets forth the
essential findings and conclusions upon which the arbitrator's award or decision
is based. Any award or relief granted by the arbitrator hereunder shall be final
and binding on the parties hereto and may be enforced by any court of competent
jurisdiction. The parties acknowledge and agree that they are hereby waiving any
rights to trial by jury in any action, proceeding or counterclaim brought by
either of the parties against the other in connection with any matter whatsoever
arising out of or in any way connected with any of the matters referenced in the
first sentence above. The parties agree that Corporation shall be responsible
for payment of the forum costs of any arbitration hereunder, including the
arbitrator's fee. The parties further agree that in any proceeding with respect
to such matters, each party shall bear its own attorney's fees and costs (other
than forum costs associated with the arbitration) incurred by it or him or her
in connection with the resolution of the dispute. By accepting the Award, the
Participant consents to all of the terms and conditions of this Award Agreement
(including, without limitation, this Section 14).

                                       5

<PAGE>
15.  GOVERNING LAW

This Award Agreement, including these Standard Terms, shall be interpreted and
construed in accordance with the laws of the State of Delaware (without regard
to conflict of law principles thereunder) and applicable federal law.

16.  SEVERABILITY

If the arbitrator selected in accordance with Section 14 or a court of competent
jurisdiction determines that any portion of this Award Agreement (including
these Standard Terms) or the Plan is in violation of any statute or public
policy, then only the portions of this Award Agreement or the Plan, as
applicable, which are found to violate such statute or public policy shall be
stricken, and all portions of this Award Agreement and the Plan which are not
found to violate any statute or public policy shall continue in full force and
effect. Furthermore, it is the parties' intent that any order striking any
portion of this Award Agreement and/or the Plan should modify the stricken terms
as narrowly as possible to give as much effect as possible to the intentions of
the parties hereunder.

17.  ENTIRE AGREEMENT

This Award Agreement (including these Standard Terms) and the Plan together
constitute the entire agreement and supersede all prior understandings and
agreements, written or oral, of the parties hereto with respect to the subject
matter hereof. The Plan and this Award Agreement may be amended pursuant to
Section 8.6 of the Plan. Such amendment must be in writing and signed by the
Corporation. The Corporation may, however, unilaterally waive any provision
hereof in writing to the extent such waiver does not adversely affect the
interests of the Participant hereunder, but no such waiver shall operate as or
be construed to be a subsequent waiver of the same provision or a waiver of any
other provision hereof.

18.  SECTION HEADINGS

The section headings of this Award Agreement are for convenience of reference
only and shall not be deemed to alter or affect any provision hereof.

                                       6<PAGE>
                                                                    EXHIBIT 10.3

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WESTERN(R)                                          WESTERN DIGITAL CORPORATION
DIGITAL                                             ID:  95-2657125
                                                    P.O. Box 19665
                                                    Lake Forest, CA 92630-7741
                                                    (949) 672-7000 x 27985/27986

NOTICE OF GRANT OF LONG-TERM CASH AWARD
AND LONG-TERM CASH AWARD AGREEMENT - EXECUTIVES

((FN))((MN))((LN))                AWARD NUMBER:  ((NBR))
((AD1))                           PLAN:          2004 Performance Incentive Plan
((AD2))                           ID:            ((ID))
((CTY)), ((ST)) ((Z))

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Congratulations! Effective _________, 20__, you have been granted a Long-Term
Cash Award (a "CASH AWARD") of Western Digital Corporation. This Cash Award was
granted under the 2004 Performance Incentive Plan (the "PLAN").

TARGET CASH AWARD: $___________.

MEASUREMENT PERIOD COVERED BY GRANT: ______________ to ______________
("Measurement Period").

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Your Cash Award is subject to the terms and conditions of this Notice, the
attached Standard Terms and Conditions for Long-Term Cash Award - Executives
(the "STANDARD TERMS") and the Plan. By accepting the award, you are agreeing to
the terms and provisions set forth in those documents. You should read the Plan
and the Standard Terms. The Standard Terms and the Plan are each incorporated
into (made a part of) this Notice by this reference. You do not have to accept
your award. If you do not agree to the terms of your award, you should promptly
return this Notice to the Western Digital Corporation Stock Plans Administrator.

A copy of the Plan and the Standard Terms have been provided to you. If you need
another copy of these documents, or if you would like to confirm that you have
the most recent version, please contact the Law Department.
--------------------------------------------------------------------------------

<PAGE>
                                                                    EXHIBIT 10.3

WESTERN(R)
DIGITAL

     Western Digital Corporation 20511 Lake Forest Drive
     Lake Forest, California 92630 Telephone 949 672-7000

                        STANDARD TERMS AND CONDITIONS FOR
                        LONG-TERM CASH AWARD - EXECUTIVES

1.      LONG-TERM CASH AWARD SUBJECT TO 2004 PERFORMANCE INCENTIVE PLAN

        The Long-Term Cash Award (the "CASH AWARD") referred to in the attached
Notice of Grant of Long-Term Cash Award and Long-Term Cash Award Agreement -
Executives (the "NOTICE") is awarded under the Western Digital Corporation (the
"CORPORATION") Amended and Restated 2004 Performance Incentive Plan (the
"PLAN"). The Cash Award is subject to the terms and provisions of the Notice,
these Standard Terms and Conditions for Long-Term Cash Award - Executives (these
"STANDARD TERMS"), and the Plan. To the extent any information in the Notice or
other information provided by the Corporation conflicts with the Plan and/or
these Standard Terms, then the Plan or these Standard Terms, as applicable,
shall control. To the extent any terms and provisions in these Standard Terms
conflict with the terms and provisions of the Plan, the Plan shall control. The
Notice and these Standard Terms, together, constitute the "AGREEMENT" with
respect to the Cash Award pursuant to Section 5.3 of the Plan. The holder of the
Cash Award is referred to herein as the "PARTICIPANT." Capitalized terms not
defined herein have the meanings set forth in the Plan.

2.      PERFORMANCE GOALS

        The Compensation Committee of the Board of Directors of the Corporation
(the "COMMITTEE") shall set one or more objective performance goals for
Participant for the Measurement Period, in accordance with Section 5.2 of the
Plan ("PERFORMANCE GOALS"). Upon determination by the Committee of the
Performance Goals, the Performance Goals for the Measurement Period shall be
attached as Exhibit A hereto.

3.      DETERMINATION AND PAYMENT OF CASH AWARD PAYMENT AMOUNT

        Within a reasonable period of time following the end of the Measurement
Period, the Committee shall determine, in accordance with the Performance Goals
and related criteria and methodology established by the Committee described on
Exhibit A hereto, the extent to which the Performance Goals have been achieved
and authorize the cash payment of an award, if any, to Participant (the "CASH
AWARD PAYMENT AMOUNT"). The Cash Award Payment Amount shall equal the dollar
amount of the Cash Award set forth on the Notice of Grant of Cash Performance
Award ("TARGET CASH AWARD") multiplied by a percentage that shall be determined
by the Committee in accordance with the Performance Goals and related criteria
and methodology described on Exhibit A hereto (the "CASH AWARD PERFORMANCE
PERCENTAGE"), subject to adjustment as described in this Agreement. Subject to
Sections 5 and 6 below, payment of the Cash Award Payment Amount shall be made
to Participant or, in the event of Participant's death, to Participant's legal
representative, as soon as practicable after the certification of awards by the
Committee (but no later than seventy-five days following completion of the
Measurement Period), net of amounts withheld in satisfaction of the requirements
of Section 8(b) below. THE CASH AWARD PERFORMANCE PERCENTAGE AND THE CASH AWARD
PAYMENT AMOUNT ARE SUBJECT TO ADJUSTMENT (WHICH MAY REDUCTION) AS PROVIDED IN
THIS AGREEMENT.

4.      TERMINATION AT PAYMENT OF CASH AWARD

        Unless terminated earlier under Section 5 below, a Participant's rights
under this Agreement with respect to the Cash Award awarded under this Agreement
shall terminate at the time any Cash Award Payment Amount is paid to Participant
or at such time that the Cash Award is no longer eligible to become paid, as
determined by the Administrator or the Committee.

                                       2

<PAGE>
5.      TERMINATION OF EMPLOYMENT; CHANGE IN CONTROL EVENTS

        (a) Termination of Employment. Subject to Section 7.2 or 7.3 of the Plan
and subject to adjustment as provided in Section 6 hereof, if the Participant
ceases to be employed by or to provide services to the Corporation and its
Subsidiaries (regardless of the reason for such termination, whether with or
without cause, voluntarily or involuntarily, or due to disability), the
Participant's Cash Award and any right to receive a Cash Award Payment Amount
shall terminate to the extent a Cash Award Payment Amount has not yet been
determined by the Committee as described in Section 3, as of the date the
Participant's employment or services terminate; provided, however, that in the
event of the Participant's death at a time when the Participant is employed by
or providing services to the Corporation or any of its Subsidiaries, a pro-rata
portion of the Cash Award Payment Amount shall be paid (equal to the Cash Award
Payment Amount that the Participant would have been entitled to had he or she
continued to be employed through the applicable payment date, multiplied by a
fraction the numerator of which is the number of days in the Measurement Period
that the Participant was employed by the Corporation or one of its Subsidiaries
prior to the Participant's death and the denominator of which is the total
number of days in the Measurement Period) to the Participant's legal
representative at the same time as Cash Award Payment Amounts are paid generally
with respect to the Measurement Period. The Administrator shall be the sole
judge, for purposes of the Cash Award, as to whether the Participant continues
to render services the Corporation or its Subsidiaries and the date, if any,
upon which such services shall be deemed to have terminated.

        (b) Change in Control Events. Notwithstanding Section 5(a), upon the
occurrence of a Change in Control Event (as defined in Section 7.3 of the Plan),
subject to Section 6 below and Participant then being an Eligible Person, the
Cash Award Payment Amount, based on a Cash Award Performance Percentage of 100%
(or such greater percentage as the Committee, in its sole discretion, may deem
appropriate in the circumstances), multiplied by the Target Cash Award shall
become payable hereunder to Participant. Such Cash Award Payment Amount (after
giving effect to the foregoing sentence) shall be paid, net of amounts withheld
in satisfaction of the requirements of Section 8(b) below, to Participant or, in
the event of Participant's death, to Participant's legal representative, as soon
as practicable following the Change in Control Event. Notwithstanding the
foregoing provisions, if the Change in Control Event giving rise to payment of
the Cash Award Payment Amount is not also a "change in control event" as such
term is defined under Section 409A of the Code ("Section 409A") and regulations
or other guidance promulgated thereunder, then payment with respect to the Cash
Award shall not be made until the end of the Measurement Period as originally
scheduled.

6.      ADJUSTMENTS; PERFORMANCE-BASED COMPENSATION

        (a) Adjustments. In determining the Cash Award Performance Percentage
and the Cash Award Payment Amount with respect to the Measurement Period, the
Committee may adjust the Performance Goals previously determined by the
Committee to the extent permitted pursuant to Section 5.2.2 of the Plan.

        (b) Reduction of Cash Award Payment Amount. Notwithstanding Section 3 or
any other term of this Agreement, the Committee may in its sole and absolute
discretion reduce the Cash Award Payment Amount, if the Committee determines
that such reduction is necessary or advisable due to current business conditions
or for any other reason, including the Committee's judgment that the Performance
Goals have become an inappropriate measure of achievement, a change in the
employment status, position or duties of the Participant, unsatisfactory
performance of the Participant, or the Participant's service for less than the
Measurement Period.

        (c) Performance-Based Compensation. Cash Awards are intended to be
Performance-Based Awards based on Business Criteria, as described in Section 5.2
of the Plan. Compensation attributable to the Agreement is intended to
constitute qualified performance-based compensation under Section 162(m) of the
Code and the regulations thereunder. This Agreement shall be construed and
administered by the Committee in a manner consistent with this intent.

7.      ACKNOWLEDGMENT OF NATURE OF PLAN AND CASH AWARDS

In accepting the Cash Award, Participant acknowledges that:

        (a) the Plan is established voluntarily by the Corporation, it is
discretionary in nature and may be modified, amended, suspended or terminated by
the Corporation at any time, as provided in the Plan;

                                       3

<PAGE>
        (b) the Award of this Cash Award is voluntary and occasional and does
not create any contractual or other right to receive future awards of Cash
Awards, or benefits in lieu of Cash Awards even if Cash Awards have been awarded
repeatedly in the past;

        (c) all decisions with respect to future awards, if any, will be at the
sole discretion of the Corporation; and

        (d) Participant's participation in the Plan is voluntary.

8.      TAXES

        (a) Responsibility for Tax-Related Items. Regardless of any action the
Corporation or Participant's actual employer takes with respect to any or all
income tax (including federal, state and local taxes), social insurance, payroll
tax or other tax-related withholding ("TAX RELATED ITEMS"), Participant
acknowledges that the ultimate liability for all Tax Related Items legally due
by Participant is and remains Participant's responsibility and that the
Corporation and/or the Participant's actual employer (i) make no representations
or undertakings regarding the treatment of any Tax Related Items in connection
with any aspect of the Cash Award, including the grant of the Cash Award, the
determination of the Cash Award Payment Amount or the payment of the Cash Award
Payment Amount; and (ii) do not commit to structure the terms of the grant or
any aspect of the Cash Award to reduce or eliminate the Participant's liability
for Tax Related Items.

        (b) Withholding Taxes. The Corporation (or any of its Subsidiaries last
employing the Participant) shall be entitled to withhold from any Cash Award
Payment Amount an amount necessary to satisfy any withholding obligations of the
Corporation or any Subsidiary with respect to such payment.

9.      NONTRANSFERABILITY

        Prior to the time that a Cash Award Payment Amount is paid to
Participant, no Cash Award or right to receive a Cash Award Payment Amount, any
interest therein, nor any amount payable in respect thereof, may be sold,
assigned, transferred, pledged or otherwise disposed of, alienated or
encumbered, either voluntarily or involuntarily. The transfer restrictions in
the preceding sentence shall not apply to (a) transfers to the Corporation, or
(b) subject to Section 5(a), transfers by will or the laws of descent and
distribution.

10.     NO RIGHT TO EMPLOYMENT

        Nothing contained in this Agreement or the Plan constitutes an
employment or service commitment by the Corporation or any of its Subsidiaries,
affects the Participant's status, if he or she is an employee, as an employee at
will who is subject to termination without cause, confers upon the Participant
any right to remain employed by or in service to the Corporation or any
Subsidiary, interferes in any way with the right of the Corporation or any
Subsidiary at any time to terminate such employment or service, or affects the
right of the Corporation or any Subsidiary to increase or decrease the
Participant's other compensation.

11.     ARBITRATION

        Any controversy arising out of or relating to this Agreement (including
these Standard Terms) and/or the Plan, their enforcement or interpretation, or
because of an alleged breach, default, or misrepresentation in connection with
any of their provisions, or any other controversy arising out of or related to
the Cash Award, including, but not limited to, any state or federal statutory
claims, shall be submitted to arbitration in Orange County, California, before a
sole arbitrator selected from Judicial Arbitration and Mediation Services, Inc.,
Orange, California, or its successor ("JAMS"), or if JAMS is no longer able to
supply the arbitrator, such arbitrator shall be selected from the American
Arbitration Association, and shall be conducted in accordance with the
provisions of California Code of Civil Procedure Sections 1280 et seq. as the
exclusive forum for the resolution of such dispute; provided, however, that
provisional injunctive relief may, but need not, be sought by either party to
this Agreement in a court of law while arbitration proceedings are pending, and
any provisional injunctive relief granted by such court shall remain effective
until the matter is finally determined by the arbitrator. Final resolution of
any dispute through arbitration may include any remedy or relief which the
arbitrator deems just and equitable, including any and all remedies provided by
applicable state or federal statutes. At the conclusion of the arbitration, the
arbitrator shall issue a

                                       4

<PAGE>
written decision that sets forth the essential findings and conclusions upon
which the arbitrator's award or decision is based. Any award or relief granted
by the arbitrator hereunder shall be final and binding on the parties hereto and
may be enforced by any court of competent jurisdiction. The parties acknowledge
and agree that they are hereby waiving any rights to trial by jury in any
action, proceeding or counterclaim brought by either of the parties against the
other in connection with any matter whatsoever arising out of or in any way
connected with any of the matters referenced in the first sentence above. The
parties agree that Corporation shall be responsible for payment of the forum
costs of any arbitration hereunder, including the arbitrator's fee. The parties
further agree that in any proceeding with respect to such matters, each party
shall bear its own attorney's fees and costs (other than forum costs associated
with the arbitration) incurred by it or him or her in connection with the
resolution of the dispute. By accepting the Cash Award, the Participant consents
to all of the terms and conditions of this Agreement (including, without
limitation, this Section 11).

12.     GOVERNING LAW

        This Agreement, including these Standard Terms, shall be interpreted and
construed in accordance with the laws of the State of Delaware (without regard
to conflict of law principles thereunder) and applicable federal law.

13.     DEFERRALS; CONSTRUCTION

        (a) To the extent permitted under the Corporation's Amended and Restated
Deferred Compensation Plan, as amended from time to time, Participant may elect
to defer receipt of any or all Cash Award Payment Amounts due hereunder. Such
election shall be made, and any such deferral shall be effected and
administered, in accordance with the Deferred Compensation Plan.

        (b) This Agreement shall be construed and interpreted to comply with
Section 409A. The Corporation reserves the right to amend this Agreement to the
extent it reasonably determines is necessary in order to preserve the intended
tax consequences of the Cash Award in light of Section 409A and any regulations
or other guidance promulgated thereunder.

14.     SEVERABILITY

        If the arbitrator selected in accordance with Section 11 or a court of
competent jurisdiction determines that any portion of this Agreement (including
these Standard Terms) or the Plan is in violation of any statute or public
policy, then only the portions of this Agreement or the Plan, as applicable,
which are found to violate such statute or public policy shall be stricken, and
all portions of this Agreement and the Plan which are not found to violate any
statute or public policy shall continue in full force and effect. Furthermore,
it is the parties' intent that any order striking any portion of this Agreement
and/or the Plan should modify the stricken terms as narrowly as possible to give
as much effect as possible to the intentions of the parties hereunder.

15.     ENTIRE AGREEMENT

        This Agreement (including these Standard Terms) and the Plan together
constitute the entire agreement and supersede all prior understandings and
agreements, written or oral, of the parties hereto with respect to the subject
matter hereof. The Plan and this Agreement may be amended pursuant to Section
8.6 of the Plan. Such amendment must be in writing and signed by the
Corporation. The Corporation may, however, unilaterally waive any provision
hereof in writing to the extent such waiver does not adversely affect the
interests of the Participant hereunder, but no such waiver shall operate as or
be construed to be a subsequent waiver of the same provision or a waiver of any
other provision hereof.

16.     SECTION HEADINGS

        The section headings of this Agreement are for convenience of reference
only and shall not be deemed to alter or affect any provision hereof.

                                       5

<PAGE>
                                                                    EXHIBIT 10.3

                                    EXHIBIT A

                        LONG-TERM CASH AWARD - EXECUTIVES
                                PERFORMANCE GOALS

[Performance Goals shall be expressed in terms of one or more of the following
corporate measures (or such other measures that may be defined as "Business
Criteria" pursuant to the Plan): earnings per share, cash flow (which means cash
and cash equivalents derived from either net cash flow from operations or net
cash flow from operations, financing and investing activities), total
stockholder return, gross revenue, revenue growth, operating income (before or
after taxes), net earnings (before or after interest, taxes, depreciation and/or
amortization), return on equity or on assets or on net investment, cost
containment or reduction, or any combination thereof. Each such Performance Goal
may be expressed on an absolute and/or relative basis, may employ comparisons
with past performance of the Corporation (including one or more divisions)
and/or the current or past performance of other companies, and in the case of
earnings-based measures, may employ comparisons to capital, stockholders' equity
and shares outstanding.]

                                      A-1

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