Symantec 2008 Annual Report Download - page 49

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the receipt of compensation to a year following the year in which the recipient first had a vested right to the
compensation. It provides rules for elections to defer (if any) and for timing of payouts. There are significant
penalties placed on the individual employee for failure to comply with Section 409A. While Section 409A may
affect the timing of our withholding obligations, it does not affect our ability to deduct deferred compensation. We
operate the SEIP in a manner that exempts it from application of Section 409A, although the SEIP allows us to offer
deferral programs to participants with respect to their plan awards. To the extent we adopt such deferral programs
from time to time, we would intend to operate them so that the additional taxes and other penalties provided for
under Section 409A would not apply to amounts paid under the SEIP.
As discussed above, our purpose in seeking stockholder approval with respect to the SEIP under this
Proposal No. 4 is to qualify future SEIP awards as performance-based compensation under Section 162(m) so
that we may fully deduct amounts paid under these awards.
THE BOARD RECOMMENDS A VOTE “FOR” APPROVAL OF PROPOSAL NO. 4
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