FY12 Executive Annual Incentive Plan – Symantec
FY12 Executive Annual Incentive PlanChief Executive
Officer
This Annual Incentive Plan (“Plan”) of Symantec Corporation (“Symantec”) is
effective as of April 2, 2011. 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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FY12 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 job category 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 in the determination of the annual |
| Metric | Weighting | |||
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Corporate Revenue |
50 |
% |
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Corporate Earnings per Share |
50 |
% |
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Achievement Schedule: |
An established threshold must be exceeded for each of the applicable |
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Pro-ration: |
The calculation of the annual incentive bonus will be determined, in part, |
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Eligibility: |
Participants must be regular status employees on the day bonus checks are |
2
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To be eligible to participate in the Plan in the given fiscal year, |
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Exchange Rates: |
The performance metrics targets will not be adjusted for any fluctuating |
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Target Changes: |
In the event of an accretive event, such as a stock buyback, or other events |
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Restatement of Financial Results: |
If the Company153s financial statements are the subject of a restatement due to |
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Plan Provisions: |
This Plan is adopted under the Symantec Senior Executive Incentive Plan as |
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This Plan supersedes the FY11 Executive Annual Incentive Plan dated April 3, |
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Participation in the Plan does not guarantee participation in other or future |
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The Board of Directors reserves the right to alter or cancel all or any |
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The Board of Directors reserves the right to exercise its own judgment with |
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