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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Employee
Stock Purchase Plan
During 2006, the Company adopted the Western Digital Corporation
2005 Employee Stock Purchase Plan (“ESPP”) whereby
eligible employees may authorize payroll deductions of up to 10%
of their eligible compensation to purchase shares of the
Company’s common stock at 95% of the fair market value of
common stock on either the date of grant or on the exercise
date, whichever is less. The date of grant of each offering
period is June 1st or December 1st, except for
the initial offering period, which began on December 15,
2005. Each offering period is 24 months and consists of
four exercise dates. If the fair market value of the common
stock is less on a given exercise date than on the date of
grant, employee participation in that offering period is
terminated and re-enrollment in the new offering period occurs
automatically. The Company’s ESPP operates in accordance
with Section 423 of the Internal Revenue Code.
Employee Stock Purchase Plan During 2006, the Company adopted the Western Digital Corporation 2005 Employee Stock Purchase Plan (“ESPP”) whereby eligible employees may authorize payroll deductions of up to 10% of their eligible compensation to purchase shares of the Company’s common stock at 95% of the fair market value of common stock on either the date of grant or on the exercise date, whichever is less. The date of grant of each offering period is June 1st or December 1st, except for the initial offering period, which began on December 15, 2005. Each offering period is 24 months and consists of four exercise dates. If the fair market value of the common stock is less on a given exercise date than on the date of grant, employee participation in that offering period is terminated and re-enrollment in the new offering period occurs automatically. The Company’s ESPP operates in accordance with Section 423 of the Internal Revenue Code. This excerpt taken from the WDC 10-K filed Aug 28, 2007. Employee
Stock Purchase Plan
During 2006, the Company adopted the Western Digital Corporation
2005 Employee Stock Purchase Plan (“ESPP”) whereby
eligible employees may authorize payroll deductions of up to 10%
of their eligible compensation to purchase shares of the
Company’s common stock at 95% of the fair market value of
common stock on either the date of grant or on the exercise
date, whichever is less. The date of grant of each offering
period is June 1st or December 1st, except for
the initial offering period, which began on December 15,
2005. Each offering period is 24 months and consists of
four exercise dates. If the fair market value of the common
stock is less on a given exercise date than on the date of
grant, employee participation in that offering period is
terminated and re-enrollment in the new offering period occurs
automatically. The Company’s ESPP operates in accordance
with Section 423 of the Internal Revenue Code. The 1993
Employee Stock Purchase Plan, which was previously suspended by
the Board of Directors, terminated upon stockholder approval of
the 2005 ESPP.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Employee
Stock Purchase Plan
During the second quarter of 2006, the Company adopted the
Western Digital Corporation 2005 Employee Stock Purchase Plan
(“ESPP”) whereby eligible employees may authorize
payroll deductions of up to 10% of their eligible compensation
to purchase shares of the Company’s common stock at 95% of
the fair market value of common stock on either the date of
grant or on the exercise date, whichever is less. The date of
grant of each offering period is June 1st or
December 1st, except for the initial offering period, which
began on December 15, 2005. Each offering period is
24 months and consists of four exercise dates. If the fair
market value of the common stock is less on a given exercise
date
Table of Contents
WESTERN
DIGITAL CORPORATION
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
than on the date of grant, employee participation in that
offering period is terminated and re-enrollment in the new
offering period occurs automatically. The Company’s ESPP
operates in accordance with Section 423 of the Internal
Revenue Code. The 1993 Employee Stock Purchase Plan, which was
previously suspended by the Board of Directors, terminated upon
stockholder approval of the 2005 ESPP.
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