Symantec 2009 Annual Report Download - page 153

Note 13. Employee Benefits and Stock-Based Compensation
401(k) plan
We maintain a salary deferral 401(k) plan for all of our domestic employees. This plan allows employees to
contribute up to 50% of their pretax salary up to the maximum dollar limitation prescribed by the Internal Revenue
Code. We match 50% of the employee’s contribution. The maximum match in any given plan year is 3% of the
employees’ eligible compensation, up to $6,000. Our contributions under the plan were $20 million, $24 million,
and $24 million, in fiscal 2009, 2008, and 2007, respectively.
Stock purchase plans
1998 Employee Stock Purchase Plan
In September 1998, our stockholders approved the 1998 Employee Stock Purchase Plan (“1998 ESPP”), and
reserved shares of common stock for issuance thereunder. Under the 1998 ESPP, 4 million, 5 million, and 4 million
shares were issued during fiscal 2009, 2008, and 2007, respectively, representing $63 million, $69 million, and
$65 million in contributions, respectively. The 1998 ESPP expired in fiscal 2009. As of April 3, 2009 a total of
33 million shares had been issued and no shares remain available for issuance under this plan.
2008 Employee Stock Purchase Plan
In September 2008, our stockholders approved the 2008 Employee Stock Purchase Plan (“2008 ESPP”) and
reserved 20 million shares of common stock for issuance thereunder. As of April 3, 2009, 20 million shares remain
available for issuance under the 2008 ESPP.
Subject to certain limitations, our employees may elect to have 2% to 10% of their compensation withheld
through payroll deductions to purchase shares of common stock under the 2008 ESPP. Employees purchase shares
of common stock at a price per share equal to 85% of the fair market value on the purchase date at the end of each
six-month purchase period.
2002 Executive Officers’ Stock Purchase Plan
In September 2002, our stockholders approved the 2002 Executive Officers’ Stock Purchase Plan and reserved
250,000 shares of common stock for issuance thereunder, which was amended by our Board of Directors in January
2008. The purpose of the plan is to provide executive officers with a means to acquire an equity interest in Symantec
at fair market value by applying a portion or all of their respective bonus payments towards the purchase price. As of
April 3, 2009, 40,401 shares have been issued under the plan and 209,599 shares remain available for future
issuance. Shares reserved for issuance under this plan have not been adjusted for the stock dividends.
Stock award plans
2000 Director Equity Incentive Plan
In September 2000, our stockholders approved the 2000 Director Equity Incentive Plan and reserved
50,000 shares of common stock for issuance thereunder. Stockholders increased the number of shares of stock
that may be issued by 50,000 in both September 2004 and September 2007. The purpose of this plan is to provide the
members of the Board of Directors with an opportunity to receive common stock for all or a portion of the retainer
payable to each director for serving as a member. Each director may elect any portion up to 100% of the retainer to
be paid in the form of stock. As of April 3, 2009, a total of 40,119 shares had been issued under this plan and
109,881 shares remained available for future issuance.
93
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)