exv10w03



 





Exhibit 10.03









FY08 Executive Annual Incentive Plan




Group President



This Annual Incentive Plan (“Plan”) of Symantec Corporation (“Symantec”) is effective as of
April 1, 2007. The Board of Directors reserves the right to alter or cancel all or any portion of
the Plan for any reason at any time.




	 	 	 	 	 
	Symantec Corporation

	 	 	1	 






 









 





FY08 Executive Annual Incentive Compensation Plan




	 	 	 
	Job Category:

	 	Group President
	 
	 	 
	Purpose:

	 	Provide critical focus on specific, measurable corporate and business unit goals and
provide performance-based compensation based upon the level of attainment of such goals.
	 
	 	 
	Bonus Target:

	 	The target incentive bonus for this executive position is 80% of the annual base
salary. Annual base salary has been established at the beginning of the fiscal year. Bonuses
will be paid based on actual annual base salary earnings from time of eligibility under the
Plan through March 31, 2008. Payments will be subject to applicable payroll taxes and
withholdings.
	 
	 	 
	Bonus Payments:

	 	The annual incentive bonus will be paid once annually. Payment will be made
within six weeks of the financial close of the fiscal year. Any payment due under this Plan
is at the sole discretion of the Administrator of the Plan.
	 
	 	 
	Components:

	 	Three performance metrics will be used to determine the annual incentive bonus payment
as determined by the Administrator. The company’s reported numbers are based on non-GAAP
Corporate Revenue & EPS results, and the Business Unit Contribution margin performance is
determined by Internal Reporting fiscal year end figures.






	 	 	 	 	 
	Metric	 	Weighting
	Corporate Revenue
	 	 	35	%
	Corporate Earnings per Share
	 	 	35	%
	Business Unit Contribution Margin
	 	 	30	%






	 	 	 
	Achievement Schedule:

	 	The established threshold must be exceeded for the applicable performance
metric before the bonus applicable to such performance metric will be paid. Corporate Revenue
and Corporate EPS achievement is uncapped. Business Unit Contribution Margin achievement is
capped at 200%.
	 
	 	 
	Pro-ration:

	 	The calculation of the annual incentive bonus will be based on eligible base salary
earnings for the fiscal year and, subject to the eligibility requirements below, will be
pro-rated based on the number of days participant is employed as a regular status employee of
Symantec during the fiscal year.
	 
	 	 
	Eligibility:

	 	Participants must be regular status employees on the day bonus checks are distributed.
If the company grants an interim payment for any reason, the participant must be a regular
status employee at the end of that performance period in order to receive such payment. A
participant who leaves before the end of the fiscal year will not be eligible to receive the
annual incentive bonus or any pro-rated portion thereof. The Plan participant must be a
regular status employee of Symantec at the end of the fiscal year in order to be eligible to
receive the annual incentive bonus and at the time the bonus checks are distributed,
unless otherwise determined by the Administrator.
	 
	 	 
	 

	 	To be eligible for the plan in the given fiscal year, participants must be in an
eligible position for at least 60 days before the end of the plan year. Employees
hired or promoted into an eligible position with less than 60 days in the plan year
will join the annual bonus plan in the next fiscal year.
	 
	 	 
	Exchange Rates:

	 	The performance metrics will not be adjusted for any fluctuating currency exchange rates.






	 	 	 	 	 
	Symantec Corporation

	 	 	2	 






 









 






	 	 	 
	Target Changes:

	 	In the event of an accretive event, such as a stock buyback, or other events that
might have an effect on the revenue or EPS targets of the Company, such as acquisition or
purchase of products or technology, the Administrator may at its discretion adjust the Revenue
Growth, Earnings per Share, and Business Unit Contribution Margin Targets to reflect the
potential impact upon Symantec’s financial performance.
	 
	 	 
	Plan Provisions:

	 	This Plan is adopted under the Symantec Senior Executive Incentive Plan effective
as of April 3, 2004 and approved by Symantec’s stockholders on August 21, 2003.
	 
	 	 
	 

	 	This Plan supersedes the FY07 Executive Annual Incentive Plan dated April 1, 2006,
which is null and void as of the adoption of this Plan.
	 
	 	 
	 

	 	Participation in the Plan does not guarantee participation in other or future
incentive plans. Plan structures and participation will be determined on a
year-to-year basis.
	 
	 	 
	 

	 	The Board of Directors reserves the right to alter or cancel all or any portion of
the Plan for any reason at any time. The Plan shall be administered by the
Compensation Committee of the Board of Directors (the “Administrator”), and the
Administrator shall have all powers and discretion necessary or appropriate to
administer and interpret the Plan.
	 
	 	 
	 

	 	The Board of Directors reserves the right to exercise its own judgment with regard
to company performance in light of events outside the control of management and/or
participant.






	 	 	 	 	 
	Symantec Corporation

	 	 	3