Seagate’s executive compensation program objectives are: To provide a competitive level of total compensation •	 (base salary, variable pay, and long-term equity incentive opportunities) to attract and retain selected executives; To motivate and reward executives to achieve Seagate’s •	 business objectives as approved by the Board; To align the interests of the executives and shareholders; •	 and To manage the cost of total compensation and its im-•	 pact on shareholder return.