Seagate Benefits

At Seagate we are committed to providing opportunities for the enrichment, advancement and security of our employees and their families. It is this commitment that molds our comprehensive benefits program.
This overview provides highlights of the Seagate US benefits program, which reflects the many facets that make up our employees’ work and personal lives — and the many paths there are to individual health, security and well-being.

You are eligible for all the benefits described in this overview if you are a regular employee on US payroll who is scheduled to work 30 or more hours per week, unless otherwise noted. Interns scheduled to work 30 or more hours per week are eligible for medical, dental, and vision coverage, the Employee Assistance Program, paid holidays, the Employee Stock Purchase Plan and voluntary benefits through the EmployeeAdvantages program.

Please contact Seagate Human Resources if you have any questions about the benefits program.

The information on this page is valid for calendar year 2009.

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Your Well-Being

Health Care Overview
Seagate allows you to tailor your health care benefits to fit your unique needs. You can make separate elections for medical, dental, and/or vision coverage, or waive coverage in any of these plans. And, for each plan you enroll in, you choose the coverage level that works best for you -- including coverage for your spouse or domestic partner and children.

Health Care Enrollment
You can enroll in medical, dental, and vision coverage within the first 31 days of employment or during the annual benefits Open Enrollment period, held every fall. You may add dependents within 31 days of an IRS-qualified life event, such as marriage, birth or adoption.

Health Care Costs
You and Seagate share the cost of health care, with separate costs for medical, dental, and vision coverage. Costs vary depending on the plans you select and which dependents you are covering.

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Medical Plans

Seagate offers four choices of comprehensive medical plans in most areas. Coverage is effective from your first day of employment. Your choices are:

High Deductible Health Plan (HDHP)

• Available throughout the US
• Administered by CIGNA
• Nationwide network of health care providers
• 90% in-network coverage, 70% out-ofnetwork coverage
• Least expensive medical plan in terms of paycheck contribution cost
• Calendar-year deductible of $1,150 for employee only coverage or $2,300 for employee with dependent coverage
• Calendar-year out-of-pocket maximum of $3,100 for employee only coverage or $6,200 for employee with dependent coverage
• Option to enroll in a Health Savings Account (HSA) — Seagate funds the HSA and you may make additional contributions of your own. For 2009, Seagate will contribute $300 for employee only coverage or $600 for employee with dependent coverage to your HSA — if your hire date is July 1, 2009, or later, Seagate’s contribution to the HSA for 2009 will be $150 for employee only coverage and $300 for employee with dependent coverage. In addition, you can make pre-tax contributions of your own money. HSA funds are available for qualified medical, dental, and vision expenses you pay for yourself and your IRS-qualified dependents.

Preferred Provider Organization (PPO) Plan

• Available throughout the US
• Administered by CIGNA
• Nationwide network of health care providers
• Most in-network services are covered 100% after a copayment
• For other services: 90% in-network coverage, 70% out-of-network coverage
• Calendar-year deductible of $300 for employee only coverage or $900 for employee with dependent coverage
• Calendar-year out-of-pocket maximum of $2,000 for employee only coverage or $4,000 for employee with dependent coverage

 Exclusive Provider Organization

• Available throughout the US
• Administered by CIGNA
• Nationwide network of health care providers
• 100% in-network coverage after a copayment, must use network providers for medical services
• No deductible

 Health Maintenance Organization (HMO) Plans

• The following HMOs are available:
• California: Kaiser
• Colorado: Kaiser
• Massachusetts: Tufts
• Minnesota: HealthPartners
• Network of local health care providers
• 100% in-network coverage after a copayment, must use network providers for medical services
• No deductible

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Prescription Drug Coverage
When you enroll in a Seagate medical plan, you and your covered dependents are also automatically enrolled in prescription drug coverage.

Dental Plan
Administered by MetLife, the plan provides in-network and out-of-network coverage for preventive care, minor and major restorative services, and orthodontia.

Vision Plan
The Seagate vision plan, administered by VSP, offers in-network and out-of-network coverage for a comprehensive eye exam, lenses, frames, and contacts. In addition, coverage for corrective laser eye surgery is available.

Flexible Spending Accounts
Seagate offers you the opportunity to participate in the flexible spending accounts, special tax-advantaged contributory accounts created to help you pay for unreimbursed health care and dependent care expenses. The flexible spending accounts allow you to set aside money from your paychecks each pay period on a pre-tax basis to pay for eligible IRS-approved expenses.

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Basic Life Insurance
Effective your employment date, you are automatically enrolled in basic life insurance coverage of 2 times your annual salary, up to $1,000,000.

This coverage is provided at no cost to you and changes automatically whenever your salary changes.

Supplemental Life Insurance
You may purchase supplemental life insurance coverage for yourself, your spouse or qualified domestic partner, and/or your dependent children. You can enroll in this coverage within the first 31 days of employment or during the annual benefits Open Enrollment period, held every fall. You may also enroll in this coverage within 31 days of an IRS-qualified life event, such as marriage, birth or adoption.

Coverage amounts available are:

• For yourself: $25,000, 1 times, 2 times, 3 times, 4 times, or 5 times your annual salary to a maximum of $500,000 -- if you elect coverage that is a multiple of your salary, the coverage amount changes automatically whenever your salary changes
• For your spouse or domestic partner: $25,000, $50,000, $75,000, $100,000, $150,000, $200,000, $300,000, $400,000, or $500,000 to a maximum of 100% of the employee's combined basic and supplemental life insurance coverage amounts
• For your dependent child(ren): $10,000.

Basic Accidental Death and Dismemberment (AD&D) Insurance
Effective your employment date, you are automatically enrolled in basic accidental death and dismemberment (AD&D) coverage of 1 times your annual salary, up to $1,000,000.

This coverage is provided at no cost to you and changes automatically whenever your salary changes.

Supplemental Accidental Death and Dismemberment (AD&D) Insurance
You may purchase supplemental AD&D coverage of up to 10 times annual salary, to a maximum of $1,000,000. You can enroll in this coverage within the first 31 days of employment or during the annual benefits Open Enrollment period, held every fall. You may also enroll in this coverage within 31 days of an IRS-qualified life event, such as marriage, birth or adoption. All supplemental AD&D coverage is guaranteed issue - no proof of good health is required to enroll. Your supplemental AD&D coverage amount automatically changes automatically whenever your salary changes.

You pay for the cost of supplemental AD&D coverage.

Basic Short Term Disability Coverage
Effective your date of employment, you are automatically enrolled in the basic short term disability plan for your state. In the event that you are unable to work due to a certified medical disability, the basic short term disability plan pays you a wage-replacement benefit of 60 percent of your eligible salary up to a maximum of $346 per week ($959 per week in California) for up to 180 calendar days of disability. This coverage is provided at no cost to you (except in California, where employees pay for the coverage).

If you work in Hawaii, New Jersey, New York, or Rhode Island, your short term disability coverage and any associated cost comply with your state's temporary disability insurance laws.

Supplemental Short Term Disability Coverage
If your eligible annual salary exceeds $30,000 ($83,113 for California employees), you can enroll in the supplemental short term disability plan to maximize your disability coverage. If you enroll, the supplemental plan coordinates with the basic short term disability plan to provide you a full 60 percent wage-replacement benefit for up to 180 calendar days of medical disability, with no weekly maximum benefit. You can enroll in this coverage within the first 31 days of employment or during the annual benefits Open Enrollment period, held every fall. You may also enroll in this coverage within 31 days of a salary change that makes you newly eligible for coverage.

If you work in Hawaii, New Jersey, New York, or Rhode Island, your eligibility for supplemental short term disability varies based on your state's temporary disability insurance laws.

You pay for the cost of supplemental short term disability coverage.

Long Term Disability Coverage
Effective your date of employment, you are automatically enrolled in the long term disability plan, which pays a wage-replacement benefit of 60 percent of your eligible salary up to a maximum benefit of $25,000 per month. Long term disability benefits become available to you after 180 calendar days of certified disability. You choose who pays your long term disability premium: if you pay, your long term disability benefits are not taxed, if Seagate pays, benefits are taxed.

Long Term Care Coverage
The optional long term care plan helps you cover the cost, up to specified limits, of professional care for assistance with the activities of daily living. Some examples of care covered by the plan are assisted living facilities, nursing home care, professional home care services, and respite care. You can enroll in long term care coverage for yourself, your spouse, parents, parents-in-law, grandparents, and/or grandparents-in-law. In addition, if your domestic partnership is registered with the state of California, you may enroll your domestic partner. You and your eligible family members can apply for this coverage at any time, with coverage subject to approval by the insurance company based on proof of the applicant's good health. However, if you apply within 31 calendar days of your employment date, you can enroll in coverage for yourself without proof of good health.

You pay for the cost of long term care coverage.

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401(k) Plan

• You are eligible to enroll in the 401(k) plan effective your date of employment
• You may defer from 2% to 50% of your income to your account on a pre-tax basis, up to the annual IRS maximum contribution limit and/or the IRS maximum compensation limit
• You may elect to contribute 1% to 20% of your eligible base pay to the plan on an after-tax basis
• Employees age 50 and over are eligible for “catch-up” contributions in addition to regular contributions
• Seagate matches 50 cents for each dollar you contribute, up to 6% per pay period, to a maximum of $3,500 per year — you are 100% immediately vested in the Seagate match
• You may choose from a variety of investment options
• You can roll over savings from other qualified plans or qualified IRAs at any time
• You can make changes to your salary deferral percentage or investment mix at any time online or by phone.

Employee Stock Purchase Plan

• You may enroll in the plan prior to the start of each 6-month Offering Period
• You can set aside from 1% to 10% of each paycheck
• At the end of the Offering Period, your accumulated ESPP dollars are used to purchase shares of Seagate stock discounted 15% off the lower of the fair market value on the first or last day of the Offering Period

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Paid Time Off
Paid time off is available to all regular employees on US payroll working 20 or more hours per week.

• 12 paid vacation days per year to start (Officers of the Company have different time off options and do not accrue vacation)
• 11 paid holidays per year
• Paid sick time
• Leaves of absence (may be subject to state and federal eligibility requirements)

Employee Assistance Program
The Employee Assistance Program is a free professional counseling service available by phone any time of day, seven days a week for confidential assistance with issues such as marital difficulties, financial problems, or parenting. The Get a Handle on Life! Work/Life balance website offers online help with a wide variety of issues. You can also find referrals to child and elder care providers in your area.

Adoption Assistance
Employees who adopt a child can apply for reimbursement of up to $2,500 for each adoption.

EmployeeAdvantages
This optional program offers savings on great products and services — you can even pay through payroll deductions. Some of the benefits include pet insurance, homeowner’s and renter’s insurance, pre-paid legal services, and auto insurance. The availability of services may vary depending on your state.

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In the event of a discrepancy between this Overview and the legal plan documents, the legal plan documents will rule in all cases.