Symantec 2008 Annual Report Download - page 77

• Full payment of premiums for COBRA continuation healthcare coverage for Mr. Butterfield and his eligible
dependents under Symantec’s group health plan for the first 18 months of continuation coverage following
termination of employment, or until the earlier date on which (i) Mr. Butterfield is no longer eligible to
receive continuation coverage under COBRA, or (ii) Mr. Butterfield obtains substantially similar coverage
under another employer’s group insurance plan.
In the event that Mr. Butterfield resigns for good reason (i.e. material reduction in position or salary, relocation,
material breach of the employment letter agreement by Symantec) or if the employment of Mr. Butterfield is
terminated other than for cause (as defined in the employment letter agreement) or is terminated due to death or
disability before April 6, 2009, then Mr. Butterfield is entitled to the following:
• Twenty-five percent of the Symantec common stock subject to Mr. Butterfield’s initial option grant to
purchase 115,000 shares and initial grant of 50,000 restricted stock units will vest at the time of termination
of employment.
• The one-time payment of $900,000 shall be paid within 30 days of termination of employment.
The payment of the foregoing severance benefits is subject to Mr. Butterfield’s returning a release of claims
against Symantec. The following table summarizes the value of the payouts to Mr. Butterfield pursuant to
Mr. Butterfield’s employment letter agreement, assuming a qualifying termination as of March 28, 2008 (intrinsic
values of equity awards are based upon the closing price for a share of our common stock of $16.82 on March 28,
2008 minus the exercise price):
Severance Pay Option Vesting RSU Vesting COBRA Premiums Severance Pay Option Vesting RSU Vesting
Termination Other Than for Cause
(as defined in Altiris Agreement), or
Resignation for Good Reason, or
Termination Due to Death or Disability
Termination Other Than for Cause
(as defined in Symantec Agreement), or
Resignation for Good Reason, or
Termination Due to Death or Disability
$1,120,000 $139,189 $240,627 $28,908 $900,000 $0 $210,250
Thomas W. Kendra
The following table summarizes the value of the payouts to Mr. Kendra pursuant to the Symantec Executive
Retention Plan and the Symantec Corporation Severance Plan, assuming a qualifying termination as of March 28,
2008 (intrinsic values of equity awards are based upon the closing price for a share of our common stock of $16.82
on March 28, 2008 minus the exercise price):
Severance Pay COBRA Premiums Option Vesting RSU Vesting
Involuntary Termination Because of
Market Conditions or Division
Performance
Termination Without Cause or
Constructive Termination Within 12
Months of a Change of Control
$145,254 $6,261 $0 $2,523,000
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