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                                                                   Exhibit 10.22

                            SYMBOL TECHNOLOGIES, INC.
              2002 EXECUTIVE STOCK OWNERSHIP AND RETENTION PROGRAM
                            (AS OF DECEMBER 16, 2002)

1. PURPOSE. The purpose of the Symbol Technologies, Inc. (the "Company") 2002
Executive Stock Ownership and Retention Program (the "Program") is to foster the
long-term interests of the Company's shareholders by requiring its Executive
Officers (as that term is defined under SEC regulations) to maintain an equity
interest in the Company. For purposes of this Program, the holdings of any
Executive Officer shall include any options originally issued to the Executive
Officer and subsequently transferred by him/her to any permitted transferee,
provided however, that such transferee agrees to also be bound by the provisions
of this Program as if it were an Executive Officer and that any shares of common
stock acquired by such transferee upon the exercise of any such options shall
also be treated as Restricted Stock (as hereinafter defined) if required under
the provisions of this Program.

2. PARTICIPATION. Participation in the Program shall be limited to Executive
Officers of the Company only so long as the participant is deemed to be an
Executive Officer. The General Counsel of the Company shall, in good faith,
determine which individuals constitute Executive Officers for the purpose of
complying with the Program. His determination shall be binding on all
participants. At any time, a participant may request a formal determination from
the General Counsel that his position with the Company has changed so that he is
no longer an Executive Officer. Executive Officers must agree to participate in
the Program to be eligible to receive option awards after May 6, 2002.

3. OVERSIGHT. The Compensation/Stock Option Committee of the Board of Directors
(the "Committee") shall have oversight of the Program. The Committee has
established target levels of equity for each Executive Officer of the Company.
The Committee retains the authority to waive any of the requirements of the
Program for any individual participant in compliance with the hardship waiver
guidelines set forth herein. Without prior permission of the Committee, unless
and until an Executive Officer has attained specific minimum requirements there
will exist significant limitations on the Executive Officer's freedom to reduce
his equity position.

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4.  EQUITY INTEREST AND STOCK OWNERSHIP REQUIREMENTS

     (A) EQUITY INTEREST REQUIREMENT. An Executive Officer may not exercise
         vested options unless the Executive Officer either (i) retains all
         shares acquired upon the exercise of the option (net of shares used to
         pay for the exercise price and taxes resulting from any exercise), or
         (ii) meets and will continue to meet the Equity Interest Requirement
         described below after the exercise and sale of shares acquired upon
         exercise.

         The Equity Interest Requirement - The combined value of the Company's
         Common Stock and vested options held by the Executive Officer, each
         valued at the then market price of the Company's Common Stock, must be
         equal to or greater than a designated multiple of target cash
         compensation (annual base salary plus target bonus) ("TCC") as
         indicated in the chart below.

     (B) STOCK OWNERSHIP REQUIREMENT. If the Equity Interest Requirement is
         satisfied, then an Executive Officer may exercise vested options within
         strict limits. At least 50% of the net after tax proceeds obtainable
         upon the exercise of any option must be retained in the form of
         Restricted Stock (as hereinafter defined) of the Company's Common Stock
         unless and until the Executive Officer then owns Restricted Stock of
         the Company having a market value equal to a specified multiple of his
         base salary as indicated in the chart below. If the Executive meets the
         Stock Ownership Requirement, but due to a change in his compensation
         (or position) and/or the market price of the Company's Common Stock, he
         does not continue to meet the requirement, then he will be required to
         retain, as Restricted Stock, additional shares of Common Stock acquired
         upon a subsequent exercise of an option. Common Stock acquired from a
         subsequent option exercise shall become Restricted Stock to the extent
         then necessary for the Executive Officer to then satisfy the Stock
         Ownership Requirement.




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<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                           Equity Interest             Stock Ownership
              Position                       Requirement                 Requirement
--------------------------------------------------------------------------------------------------
<S>                                       <C>                       <C>
       Chairman of the Board                 7 times TCC             5 times Base Salary
--------------------------------------------------------------------------------------------------
            CEO and COO                      5 times TCC             3 times Base Salary
--------------------------------------------------------------------------------------------------
Executive and Senior Vice President          3 times TCC             2 times Base Salary
--------------------------------------------------------------------------------------------------
           Vice President                    2 times TCC             1 times Base Salary
--------------------------------------------------------------------------------------------------
</TABLE>

5. RESTRICTED STOCK. Effective on May 6, 2002, the date of adoption of the
Program (the "Implementation Date"), shares of the Common Stock of the Company
which are acquired in an option exercise, and which an Executive Officer must
retain to satisfy the Stock Ownership Requirement, shall be designated as
Restricted Stock. In addition, all shares of Common Stock of the Company
designated as Restricted Stock under the 1995 Stock Ownership and Option
Retention Program as of May 5, 2002 must be delivered by the Executive Officer
to the Company and become Restricted Stock under the Program. The certificates
for the Restricted Stock will bear a restrictive legend stating that the shares
cannot be transferred while the holder is an Executive Officer of the Company
and without the opinion of the Company's General Counsel. Regardless of changes
in the market price of the Company's Common Stock, the Restricted Stock shall
continue to be held in escrow by the Company until such time as the Executive
Officer is no longer an Executive Officer of the Company (unless the Committee
grants a Hardship Waiver to the Executive Officer).

6. ELECTION TO DISCONTINUE PARTICIPATION; FORFEITURE. An Executive Officer may
elect to discontinue participation in the Program. "Opting out" of the Program
shall result in the immediate forfeiture of the Executive Officer's rights to 1)
all Restricted Stock held in escrow by the Company for the Executive Officer;
and 2) all options awarded to the Executive Officer after the date on which the
individual became an Executive Officer.

7. HARDSHIP WAIVER. In the event an Executive Officer suffers a serious
financial hardship (a "Hardship"), the Committee may waive such portion of the
Equity Interest Requirement and/or the Stock Ownership Requirement it feels
appropriate to meet such need if the Hardship is a result of one of the
following conditions:

     (a) Substantial expenses caused by an accident or illness involving the
         Executive Officer, a member of the



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         Executive Officer's immediate family or household, or another
         dependent;

     (b) The need to prevent an eviction or mortgage foreclosure on the
         principal residence of the Executive Officer; or

     (c) Any other immediate and substantial financial need that the Committee
         may designate.

8.  EXEMPT STOCK.  Shares of Common Stock which are:

     (a) not acquired in an option exercise, or

     (b) acquired prior to the Implementation Date, except those shares
         previously designated as Restricted Stock acquired for the purpose of
         complying with the previous program, or

     (c) acquired after the Implementation Date but not designated as Restricted
         Stock because the Executive Officer fully satisfied the Stock Ownership
         Requirement on the exercise date, or

     (d) acquired upon the exercise of an option granted in connection with an
         Executive Officer's initial hiring, or

     (e) acquired upon the exercise of an option and/or options awarded in
         connection with the promotion of an individual to the position of
         Executive Officer as well as any options awarded to such person prior
         to such promotion shall not be Restricted Stock and shall not be
         subject to the restrictions on transferability imposed hereunder.

9. NON-COMPETE. Each Executive Officer must execute the agreement in the form of
Exhibit A. Violation of the non-compete provisions of the agreement shall result
in a forfeiture of all of the Executive Officer's interest in any Restricted
Stock held by the Company.