Seagate amends executive severance plan to add pro-rata bonus for non-U.S. executives

Seagate Technology Holdings plc

Adopted Ninth Amended and Restated Severance Plan on April 20, 2024, adding pro-rata bonus for non-U.S. executives upon non-CIC termination.
Plan applies to executives at vice president level or above selected for participation; replaces prior severance policies.
Non-U.S. executives now eligible for Pro Rata Bonus based on Accrued Bonus Funding through last completed fiscal quarter.
Benefits include months of pay, prior year bonus, and pro-rata bonus; double recovery is prevented.

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