FY11 Executive Annual Incentive Plan – Symantec
FY11 Executive Annual Incentive PlanChief Executive
Officer
This Annual Incentive Plan (“Plan”) of Symantec Corporation (“Symantec”) is
effective as of April 3, 2010. The Board of Directors reserves the right to
alter or cancel all or any portion of the Plan for any reason at any time.
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FY11 Executive Annual Incentive Compensation Plan
| Job Category: | Chief Executive Officer | |
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Purpose: |
Provide critical focus on specific, measurable corporate goals and provide |
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Bonus Target: |
The target incentive bonus for this position is 150% of the annual base |
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Bonus Payments: |
The annual incentive bonus will be paid once annually. Payment will be made |
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Components: |
Two performance metrics will be used to determine the annual incentive bonus |
| Metric | Weighting | |||
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Corporate Revenue |
50 |
% |
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Corporate Earnings per Share |
50 |
% |
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The Company153s reported numbers are based on GAAP Corporate Revenue & |
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Achievement Schedule: |
The established threshold must be exceeded for the applicable performance |
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Pro-ration: |
The calculation of the annual incentive bonus will be based on eligible base |
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Eligibility: |
Participants must be regular status employees on the day bonus checks are |
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To be eligible for the plan in the given fiscal year, participants must be in |
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Exchange Rates: |
The performance metrics targets will not be adjusted for any fluctuating |
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