Document:

exv10w01

 

Exhibit 10.01

Amendment to Amended and Restated Agreement Respecting Certain Rights of Publicity

     This Amendment (the “Amendment”) to that certain Amended and Restated Agreement Respecting
Certain Rights of Publicity dated as of August 31, 1990 (the “Agreement”) is made June 20, 2007
effective as of January 1, 2007 (the “Effective Date”), by and between Peter Norton (“Mr.
Norton”), a resident of the state of California, and Symantec Corporation (“Symantec”), a Delaware
corporation and the successor to the rights of PNCI under the Agreement (Mr. Norton and Symantec
are collectively, “the Parties”) based on the following recitals:

RECITALS

     A. The Agreement requires that Symantec pay royalties in exchange for the right to use Mr.
Norton’s Publicity Rights. Since the date of the Agreement, Symantec has made payments to Mr.
Norton, which each party acknowledges have all been pursuant to the Agreement and solely and
exclusively payment for Symantec’s right to use Mr. Norton’s Publicity Rights, although the parties
acknowledge that there is an issue as to whether the amount of past royalties was calculated
correctly.

     B. The parties wish to substitute the fixed amount set forth herein as payment for the future
right of Symantec to use Mr. Norton’s Publicity Rights (regardless of the extent of Symantec’s use
thereof) and to make conforming changes as set forth herein.

AGREEMENTS

     In consideration of the promises herein and other good and valuable consideration, the receipt
and sufficiency of which the Parties hereby acknowledge, the Parties hereby agree to amend the
Agreement as follows:

1. COMPENSATION. The Parties hereby replace Section 3 of the Agreement in its entirety with the
following provisions:

“3. COMPENSATION. In addition to the royalties previously paid through December 31, 2006,
Symantec will pay Norton a total of $32.6 million, payable monthly by wire transfer on the
15th day of the month from January 2007 through December 2016 according to the following
schedule (for the avoidance of doubt, regardless of the frequency of use of any Publicity
Rights or net sales related to products bearing any Publicity Rights):

	 	 	 	 	 
	Year	 	Monthly Payment
	2007
	 	$	888,888.89	 
	2008
	 	$	711,111.11	 
	2009
	 	$	533,333.33	 
	2010
	 	$	355,555.56	 
	2011
	 	$	177,777.78	 
	2012-16
	 	$	10,000.00	 

     No additional amounts will be due for the Publicity Rights after 2016.”

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2. CONFORMING AMENDMENTS. Since the payments for Mr. Norton’s Publicity Rights are now fixed, (i)
the Audit Rights of Section 4.5 of the Agreement are no longer applicable; (ii) the termination
rights under Section 6 of the Agreement are hereby deleted and Symantec’s Publicity Rights
license shall continue as a perpetual, irrevocable, non-cancelable, license that is exclusive
(both as against Mr. Norton and all other parties) for the duration of Mr. Norton’s life and
post-mortem; (iii) notwithstanding Section 7.2 or any other provision of the Agreement, Symantec
shall have the rights freely to assign or sublicense without further approval or consent of Mr.
Norton or his successors; and (iv) the approval obligations in Sections 2.4 and 2.5 of the
Agreement are hereby deleted, Mr. Norton hereby confirms his approval and consent in perpetuity to
Symantec’s worldwide registration of any “NORTON” marks or names (for example and without
limitation, Norton, Norton AntiVirus, Norton Internet Security and Norton 360) in connection with
the packaging, advertising, marketing, sales and promotion of computer software Products and
directly related documentation, and Symantec shall have no obligation to obtain Mr. Norton’s
approval with respect to any permitted uses of the Publicity Rights, although to the extent that
Symantec uses the Publicity Rights it shall at all times maintain the favorable image of Mr. Norton
and not use any Publicity Right in a manner that would be objectively demeaning.

3. TRANSITION PROVISIONS. Upon execution of this Agreement, Symantec shall pay Mr. Norton a lump
sum equal to (i) any amounts due prior to such execution date under the terms of the amended
Section 3 plus (ii) $2,049,242.23, which was calculated by Symantec as the amount which would be
due for December 2006 employing the methodology used in prior statements and which Symantec has
agreed to pay in settlement of any and all royalties due under the Agreement through December 2006.

4. FURTHER ASSURANCES. The parties mutually agree to execute and deliver all further documents,
consents, and actions necessary or appropriate to accomplish the terms hereof or enforce the rights
provided herein, the remaining terms of and rights provided in the Agreement, and the terms of and
rights provided in the Assignment of Copyright and Other Intellectual Property Rights, which Mr.
Norton also executed on August 31, 1990, including executing and delivering any documents and
taking all actions which Symantec, its successors and/or assigns may reasonably request (without
any cost to Mr. Norton) to effect recordations or registrations in relevant state and national
trademark offices of any “NORTON” marks.

5. AGREEMENT OTHERWISE CONTINUES. Except as specifically set forth herein, the terms of the
Agreement will continue in full force and effect. All terms used in this Amendment shall have the
definitions given to them in the Agreement.

IN WITNESS WHEREOF, the Parties have executed this Amendment as evidenced by the duly authorized
signatures below.

	 	 	 	 	 
	Peter Norton

	 Symantec
	 	Corporation
	 
	 	 	 	 
	/s/ Peter Norton

	 By:	 	 	/s/ Enrique Salem
	 

	 	 
	 	 Name:_Enrique Salem
	 	 Title: Group President

2exv10w03

 

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

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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

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	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

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