Symantec 2008 Annual Report Download - page 13

TABLE OF CONTENTS
Page
GENERAL PROXY INFORMATION........................................................... 1
Information About Solicitation and Voting ..................................................... 1
About the Annual Meeting ................................................................. 1
CORPORATE GOVERNANCE STANDARDS AND DIRECTOR INDEPENDENCE ....................... 5
Corporate Governance Standards............................................................. 5
Board Independence ...................................................................... 5
Board Structure and Meetings ............................................................... 5
Code of Conduct and Code of Ethics ......................................................... 6
BOARD COMMITTEES AND THEIR FUNCTIONS ............................................... 7
Audit Committee ........................................................................ 7
Compensation Committee . ................................................................. 7
Nominating and Governance Committee ....................................................... 8
DIRECTOR NOMINATIONS AND COMMUNICATION WITH DIRECTORS ............................ 9
Criteria for Nomination to the Board.......................................................... 9
Process for Identifying and Evaluating Nominees ................................................ 9
Stockholder Proposals for Nominees .......................................................... 9
Contacting the Board of Directors ............................................................ 10
Attendance of Board Members at Annual Meetings ............................................... 10
PROPOSAL NO. 1 ELECTION OF DIRECTORS ................................................. 11
Nominees for Director . . . ................................................................. 11
Director Compensation . . . ................................................................. 13
EQUITY COMPENSATION PLAN INFORMATION ............................................... 16
Material Features of Equity Compensation Plans Not Approved by Stockholders ......................... 16
PROPOSAL NO. 2 AMENDMENT AND RESTATEMENT OF 2004 EQUITY INCENTIVE PLAN ............ 18
Proposed Increase in Reserved Shares ......................................................... 18
Summary of Material Terms of 2004 Equity Incentive Plan (as amended and restated) ..................... 19
Summary Description of 2004 Equity Incentive Plan (as amended and restated) .......................... 19
Summary of Federal Income Tax Consequences of Awards Granted under the 2004 Equity Incentive Plan ...... 23
Accounting Treatment . . . ................................................................. 24
New Plan Benefits ....................................................................... 24
PROPOSAL NO. 3 ADOPTION OF 2008 EMPLOYEE STOCK PURCHASE PLAN ....................... 26
Summary of our 2008 Employee Stock Purchase Plan ............................................. 26
New Plan Benefits ....................................................................... 29
U.S. Federal Income Tax Consequences ....................................................... 29
Accounting Treatment . . . ................................................................. 30
PROPOSAL NO. 4 APPROVAL OF THE MATERIAL TERMS OF THE AMENDED AND RESTATED
SYMANTEC SENIOR EXECUTIVE INCENTIVE PLAN ......................................... 31
Background ............................................................................ 31
General Information on, and Material Terms of, the SEIP .......................................... 32
New Plan Benefits ....................................................................... 34
Federal Income Tax Information ............................................................. 34
PROPOSAL NO. 5 RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM . . . ................................................................. 36
Principal Accountant Fees and Services ....................................................... 36
Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent
Registered Public Accounting Firm ......................................................... 37
OUR EXECUTIVE OFFICERS ............................................................... 38
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT . . . ............... 40
Section 16(a) Beneficial Ownership Reporting Compliance ......................................... 41
EXECUTIVE COMPENSATION AND RELATED INFORMATION .................................... 42