Symantec 2008 Annual Report Download - page 48

New Plan Benefits
All awards to executive officers are based on actual performance during fiscal 2009 and are made at the
discretion of the Compensation Committee. Therefore, the benefits and amounts that will be received or allocated
under the SEIP are not determinable at this time. Cash incentive programs we currently operate under the SEIP
maintain the following performance goals: for the one-year performance period under our Annual Incentive Plan
that coincides with our fiscal year 2009, earnings per share, revenue and only with respect to certain persons a
measure related to business unit management; and for the one-year performance period covering our fiscal year
2009 under our Long-Term Incentive Plan, an operating cash flow metric.
Target amounts for our continuing named executive officers under the Annual Incentive Plan and the
Long-Term Incentive Plan for the respective performance periods beginning on the start of our fiscal year
2009 are as follows:
Name and Principal Position
Target Amount
for Fiscal Year 2009
Cash Awards under
Annual Incentive Plan
Target Amount
for Fiscal Year LTIP Period
Beginning on 3/29/08
for Cash Awards under LTIP
John W. Thompson, ............................... $1,200,000 $2,000,000
Chairman of the Board and CEO
Enrique T. Salem, ................................ $ 625,000 $1,000,000
Chief Operating Officer
James A. Beer, .................................. $ 528,000 $ 470,000
Executive Vice President, Chief Financial Officer
Gregory W. Hughes, .............................. $ 380,688 $ 330,000
Chief Strategy Officer
Janice Chaffin,................................... $ 360,000 $ 330,000
Group President, Consumer Business Unit
Thomas W. Kendra, ............................... $ — $ —
Former Group President, Security and Compliance
Segment
Gregory S. Butterfield, ............................. $ — $ —
Former Group President, Altiris Segment
Executive officer group (9 persons) ................... $4,176,688 $5,320,000
Non-executive director group (9 persons)* .............. $ — $ —
Non-executive officer employee group* ................ $ — $ —
* Although we operate a similar bonus plan for employees who are not executive officers, such bonus awards are
not granted under the SEIP.
Federal Income Tax Information
The following is only a summary of the effect of U.S. federal income taxation on participants and Symantec
with respect to the grant of awards under the SEIP. It does not purport to be complete and does not discuss the tax
consequences arising in the context of the participant’s death or the income tax laws of any municipality, state or
foreign country in which the participant’s income or gain may be taxable.
Cash awards granted under the SEIP will cause the participant to have taxable ordinary income, in the year of
receipt, equal to the cash received. Any cash received will be subject to tax withholding by Symantec.
The American Jobs Creation Act of 2004 added Section 409A to the tax code, generally effective January 1,
2005. The IRS has issued proposed and final regulations that, in part, give employers until the end of 2008 to effect
written Section 409A implementation in almost all circumstances. Section 409A covers most programs that defer
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