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FY12 Long Term Incentive Plan – Symantec

FY12 Long Term Incentive Plan
(LTIP)

This Long Term Incentive Plan (“LTIP”) of Symantec Corporation (“Symantec” or
the “Company”) is effective as of April 2, 2011. The Board of Directors reserves
the right to alter or cancel all or any portion of the LTIP for any reason at
any time.

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FY12 Long Term Incentive Plan

Purpose:

Provide critical focus on specific, measurable corporate goals and provide
performance-based compensation based upon the level of attainment of such goals
and ensure retention of key executives of the Company.

Amount:

LTIP target cash payments (“LTIP Payments”) will be determined and approved
by the Compensation Committee of the Company153s Board of Directors (the
“Committee”), with input from the CEO and Chairman of the Board. LTIP Payments
will be determined and paid based on the actual achievement of the performance
metric set forth below against the target performance metric under the LTIP for
the Company153s fiscal year ending March 30, 2012 in which Target LTIP Awards are
granted under this LTIP (the “(Performance Period”). All LTIP Payments will be
subject to the Company153s collection of applicable payroll taxes and
withholdings, and the Participant will only receive the net amount remaining
after such taxes and withholdings have been collected.

Eligibility:

Participants shall be at levels of senior vice president or above, and shall
be recommended for eligibility by the CEO and the Chairman of the Board and
approved by the Committee prior to the end of the Performance Period
(individually, a “Participant” and, collectively, the “Participants”).
Participants must be in an eligible position for at least 60 days before the end
of the Performance Period. Employees hired or promoted into an eligible position
with less than 60 days remaining in the Performance Period will not be eligible
for an LTIP Payment. The calculation of the LTIP Payment for a Participant that
becomes eligible during the Performance Period will be pro-rated based on the
number of days the Participant is in an eligible position during the Performance
Period.

Service Requirement:

The long-term incentive will be measured at the end of the Performance
Period. However, no Participant shall earn or accrue any right to the long-term
incentive based on the level of performance metric attained for the Performance
Period unless that individual remains in the continuous active employ of the
Company (or any majority or greater owned subsidiary) through the last day of
the second (2nd) fiscal year following the end of the Performance
Period (the Requisite Service Period”). Upon the completion of the Requisite
Service Period, the incentive bonus earned on the basis of both the attained
performance metric and the completed service period will be paid (the “Payment
Date”). However, any payment due under this LTIP is at the sole discretion of
the Committee. A Participant (or any majority or greater owned subsidiary)
terminates for any reason before his or her completion of the Requisite Service
Period will not be eligible to receive the LTIP Payment or any prorated portion
thereof, except to the limited extent set forth below.

Performance Metric:

The Company153s Operating Cash Flow achievement for the Performance Period
against target Operating Cash Flow for the Performance Period will be used to
determine the eligibility for an LTIP Payment. “Operating Cash Flow” is
determined based on the Company153s budgeted cash flow and is equal to the
operating cash flow that is communicated to public investors via filings with
the Securities and Exchange Commission[.], but Operating Cash Flow metric for
the Performance Period shall in all events be established within the first
ninety (90) days of the Performance Period.

Achievement Schedule:

A 100% LTIP Payment will be paid to the Participant who completes the
Requisite Service Period if 100% of budgeted Operating Cash Flow is attained
with respect to the Performance Period (the “Target LTIP Award”). The Target
LTIP Awards shall be set forth on a schedule approved by the Committee within 90
days of the beginning of the

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Performance Period. A Participant who completes the Requisite Service Period
is eligible for 25% of the Target LTIP Award if at least 85% of budgeted
Operating Cash Flow is attained with respect to the Performance Period and for
200% of the Target LTIP Award if at least 120% of budgeted Operating Cash Flow
is attained with respect to the Performance Period. Achievement of budgeted
Operating Cash Flow between 85% and 200% will be prorated. Achievement of
budgeted Operating Cash Flow shall be certified by the Committee
(“Certification”) following the end of the Performance Period and prior to the
Payment Date or any alternative date of payment.

Death Disability
Involuntary
Termination:

If a Participant153s employment with the Company (or any majority or greater
owned subsidiary) terminates by reason of death, total and permanent disability
or an involuntary termination other than for cause (as defined below) after the
last day of the Performance Period but prior to the completion of the Requisite
Service Period, then that Participant shall be entitled to payment of a prorated
portion of the LTIP Payment that would have otherwise been payable to the
Participant based on the actual level at which the Operating Cash Flow
performance metric is attained, had he or she completed the Requisite Service
Period (the “Base Amount”). The prorated portion shall be calculated by
multiplying the Base Amount by a fraction, the numerator of which is the number
of calendar months rounded up to the next whole month) the Participant was in
the employ of the Company (or any majority or greater owned subsidiary) during
the period commencing with the start of the Performance Period and ending with
his or her termination date, and the denominator of which is thirty-six (36)
months. Such prorated amount shall be paid to the Participant on his or her
termination date or as soon as administratively practicable thereafter, but in
no event later than the fifteenth (15th) day of the third (3rd) calendar month
following such termination date. In no event, however, will any prorated LTIP
Payment be made to the Participant if the applicable Operating Cash Flow
performance metric is not attained at a level at or above the 85% threshold
level or if the Participant voluntarily leaves the employ of the Company (or any
majority or greater owned subsidiary) prior to the completion of the Requisite
Service Period.

For purposes of the foregoing, an individual will be deemed to have been
involuntarily terminated for cause, and thus ineligible for any prorated LTIP
Payment if such individual is discharged or dismissed from employment for one or
more of the following reasons or actions:

(i) gross negligence or willful misconduct in the performance of duties to
the Company (other than as a result of a disability) that has resulted or is
likely to result in substantial and material damage to the Company, after a
demand for substantial performance is delivered by the Company which
specifically identifies the manner in which it believes the individual has not
substantially performed his/her duties and provides the individual with a
reasonable opportunity to cure any alleged gross negligence or willful
misconduct; (ii) commission of any act of fraud with respect to the Company or
its affiliates; or (iii) conviction of a felony or a crime involving moral
turpitude causing material harm to the business and affairs of the Company.

Leave of Absence:

In the event a Participant takes a leave of absence from the Company after
the end of the Performance Period but prior to the completion of the Requisite
Service Period, the type of leave and time away from the Company may be taken
into consideration as the basis for a prorated LTIP Payment determined in the
sole discretion of the Committee, with any such prorated LTIP Payment to be
based on such Participant153s period of active employment during the period
commencing with the start of the Performance Period and ending with the last day
of the Requisite Service Period, but excluding the period of

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such leave of absence. Any such prorated amount shall be paid to the
Participant on the Payment Date or such earlier date as may be necessary to
avoid a deferred compensation arrangement under Section 409A of the Internal
Revenue Code. In no event, however, will any such prorated LTIP payment be made
to the Participant if the applicable Operating Cash Flow performance metric is
not attained at a level at or above the 85% threshold level.

Exchange Rates:

Neither LTIP Payments nor Operating Cash Flow will be adjusted for any
fluctuating currency exchange rates.

Adjustments:

In the event of an accretive event, such as a stock buyback, or other events
that might have an effect on the Operating Cash Flow, such as an acquisition or
purchase of products or technology, the Committee may at its discretion adjust
the Operating Cash Flow to reflect the potential impact upon the Company153s
financial performance consistent with generally accepted accounting principals
and Accounting Principles Board Opinion No. 30.

Change of Control:

In the event of a Change of Control of the Company (as defined in the
Company153s Executive Retention Plan) (i) all unpaid LTIP Payments for the
Performance Period (where the Performance Period has been completed and
Certification has occurred prior to the Change of Control) and (ii) all Target
LTIP Awards for the Performance Period (where the Performance Period has not
been completed and Certification has not occurred prior to the Change of
Control) whether or not 100% budgeted Operating Cash Flow has been attained for
such Performance Period, shall be paid in full on the Change of Control.

LTIP Provisions:

This LTIP is adopted under the Symantec Senior Executive Incentive Plan as
amended and restated as of September 22, 2008 and approved by Symantec153s
stockholders on September 22, 2008.

Participation in the LTIP does not guarantee participation in other or future
incentive plans. LTIP structures and participation will be determined on a
year-to-year basis.

The Company153s Board of Directors reserves the right to alter or cancel all or
any portion of the LTIP for any reason at any time. The LTIP shall be
administered by the Committee and the Committee shall have all powers and
discretion necessary or appropriate to administer and interpret the LTIP.

The Company153s Board of Directors reserves the right to modify or amend this
LTIP or a Target LTIP Award under this LTIP with regard to Company performance
in light of events outside the control of management and/or Participant.

Section 409A:

The payment provisions are designed to qualify for the short-term deferral
exception to Section 409A of the Internal Revenue Code. Accordingly, for
Participants who complete the Requisite Service Period requirement, the Payment
Date shall occur within two and one-half (21/2) months following the
completion of the Requisite Service Period. For Participants who become entitled
to a prorated LTIP Payment upon the termination of their employment by reason of
death, disability or involuntary termination other than for cause, the payment
will be made within two and one-half (21/2) months following their
termination date. LTIP Payments shall be payable solely from the general assets
of the Company.

Restatement of

If the Company153s financial statements are the subject of a restatement due to
error or

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Financial Results:

misconduct, to the extent permitted by governing law, in all appropriate
cases, the Company will seek reimbursement of excess incentive cash compensation
paid under the LTIP to Participants for the Performance Period covered by such
financial statements. For purposes of this LTIP, excess incentive cash
compensation means the positive difference, if any, between (i) the LTIP Payment
paid to each Participant and (ii) the LTIP Payment that would have been made to
that Participant had the Operating Cash Flow performance metric been calculated
based on the Company153s financial statements as restated. The Company will not be
required to award any Participant an additional LTIP Payment should the restated
financial statements result in a higher LTIP Payment.

No Employment Rights:

A Participant153s employment with the Company shall be as an “at will”
employee. Nothing in the LTIP shall either confer upon any Participant the right
to continue in the employ of the Company or interfere with or restrict in any
way the rights of the Company to discharge or change the terms of employment (or
of any employment agreement) of any Participant at any time for any reason
whatsoever, with or without cause.

Governing Law:

This LTIP shall be governed by the laws of the State of California.

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