Document:

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                                                                   Exhibit 10.10

                               TELXON CORPORATION
                             1990 STOCK OPTION PLAN
                           FOR NON-EMPLOYEE DIRECTORS
                        (As Amended Through and Effective
                             as of January 18, 2000)

     1. PURPOSE OF THE PLAN. The purpose of this Plan is to promote the best
interests of the Company and its stockholders by enabling the Company to attract
and retain the services of experienced and knowledgeable independent directors
by providing such directors the opportunity, pursuant to Options granted under
the Plan, to acquire a proprietary interest in the Company and thereby encourage
them to put forth their maximum efforts for the continued success and growth of
the Company.

     2. DEFINITIONS. In addition to such other capitalized terms as are defined
elsewhere in this Plan, the following terms shall when used in this Plan have
the respective meanings set forth below:

         (a)   "Act" means the Securities Exchange Act of 1934, as amended from
               time to time.

         (b)   "Authorized Shares" means the maximum aggregate number of shares
               of Common Stock specified in Section 4(a) as being authorized for
               issuance and sale under Options granted pursuant to the Plan,
               subject to adjustment thereof in accordance with Section 12.

         (c)   "Board" means the Board of Directors of the Company.

         (d)   "Code" means the Internal Revenue Code of 1986, as amended from
               time to time.

         (e)   "Commission" means the United States Securities and Exchange
               Commission.

         (f)   "Committee" means the Committee appointed by the Board in
               accordance with Section 5(a), if a Committee is appointed. The
               members of such Committee shall be members of the Board. If no
               Committee has been appointed, any reference to the "Committee"
               shall be deemed a reference to the "Board".

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         (g)   "Common Stock" means the Common Stock, par value $.01 per share,
               of the Company.

         (h)   "Company" means Telxon Corporation, a Delaware corporation.

         (i)   "Director" means any person elected or duly appointed in
               accordance with the certificate of incorporation or by-laws of
               the Company, or applicable law, to serve on the Board.

         (j)   "Employee" means any person, including officers and Directors who
               are also officers, employed by the Company or any Subsidiary. The
               payment of director's fees by the Company shall not be sufficient
               to constitute a person as an "Employee" of the Company.

         (k)   "Family Member" means (i) the Optionee to whom an Option is
               granted under the Plan, the spouse or any sibling of the Optionee
               or any ancester or lineal descendant (including, but not limited
               to, adopted and step-children) of the Optionee or his or her
               spouse or sibling(s), (ii) a trust for the exclusive benefit of
               the Optionee and/or person(s) described in clause (i) of this
               Section 2(k), or the trustee of such a trust in his, her or its
               capacity as such, (iii) a partnership, corporation, limited
               liability company or similar entity the partners, stock holders,
               or other owners of which include only the Optionee and/or
               person(s) described in clause (i) of this Section 2(k).

         (l)   "Non-Profit Organization" means any organization which is exempt
               from United States income taxes under Section 501(c)(3), (4),
               (5), (6), (7), (8) or (10) of the Code.

         (m)   "Option" means a right granted to a non- Employee Director
               pursuant to the Plan to purchase a specified number of shares of
               Common Stock at a specified price during a specified period and
               on such other terms and conditions as may be specified pursuant
               to the Plan. Options may be granted as Tax

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               Qualified Options or as Options which do not qualify as Tax
               Qualified Options.

         (n)   "Option Agreement" means the written agreement evidencing an
               Option by and between the Company and the Optionee as required by
               Section 14.

         (o)   "Optioned Stock" means the Common Stock subject to an Option.

         (p)   "Optinee" means a non-Employee Director who receives an Option.

         (q)   "Rule 16b-3" means Rule 16b-3 promulgated by the Commission under
               the Act or any similar successor regulation exempting certain
               transactions involving stock-based compensation arrangements from
               the liability provisions of Section 16 of the Act, as adopted and
               amended from time to time and as interpreted by formal or
               informal opinions of, and releases published or other
               interpretive advice provided by the Staff of the Commission.

         (r)   "Securities Law Requirements" means the Securities Act of 1933,
               as amended from time to time, and the Act and the rules and
               regulations promulgated by the Commission under such laws, as
               such rules and regulations are adopted and amended from time to
               time, including but not limited to Rule 16b-3, and as all such
               laws, rules and regulations are interpreted by formal or informal
               opinions of, and releases published or other interpretive advice
               provided by the Staff of the Commission, and the requirements of
               any stock exchange, automated inter-dealer quotation system or
               other recognized securities market on which the Common Stock is
               listed or traded or in which the Common Stock is included, as
               adopted and amended from time to time and as interpreted by
               formal or informal opinions of, and other interpretive advice
               provided by the representatives of such stock exchange,

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               quotation system or other securities market.

         (s)   "Shares" means the Common Stock as adjusted in accordance with
               Section 12.

         (t)   "Subsidiary" means a corporation of which not less than fifty
               percent (50%) of the voting shares are owned by the Company or a
               Subsidiary, whether or not such corporation now exists or is
               hereafter organized or acquired by the Company or a Subsidiary.

         (u)   "Successor" means the estate of an Optionee or a person who
               succeeds by will or the laws of descent and distribution, or by a
               transfer made pursuant to Section 11(a)(1)(B) or 11(a)(1)(C), to
               an Optionee's right to exercise an Option.

         (v)   "Tax Qualified Option" means an Option which is intended at the
               time of grant to qualify for special tax treatment under Section
               422A or other particular provisions of the Code and the
               regulations, rulings and procedures promulgated, published or
               otherwise provided thereunder, as adopted and amended from time
               to time.

     3.  QUALIFICATION OF PLAN. The Plan is intended to qualify for an exemption
         from the operation of Section 16(b) of the Act, pursuant to Rule 16b-3.
         Further, with respect to Options granted hereunder prior to November 1,
         1996, the Plan is structured to comply with the requirements of Rule
         16b- 3(c)(2)(ii) as then in effect regarding disinterested
         administration and formula awards to ensure that Directors then
         receiving grants under the Plan continue to be "disinterested persons"
         as that term is defined in Rule 16b-3(c)(2)(i) as in effect prior to
         November 1, 1996, for the purpose of administering the Company's
         employee stock option plans under such Rule. Insofar as transactions
         under this Plan are thus intended to comply with all applicable
         conditions of Rule 16b- 3, to the extent that any provision of the Plan
         or action by the Board or the Committee fails to so comply, such
         provision or action shall be deemed

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         null and void to the extent permitted by law and deemed advisable by
         the Board or, but only with respect to actions taken by it, the
         Committee.

     4. STOCK SUBJECT TO THE PLAN.

         (a) NUMBER OF SHARES ISSUABLE. Subject to adjustment in accordance with
the provisions of Section 12, the maximum aggregate number of Authorized Shares
which may be issued and sold under Options granted pursuant to the Plan is
400,000 shares of Common Stock. The Shares issued and sold upon the exercise of
Options may be treasury Shares, Shares of original issue or a combination
thereof.

         (b) COMPUTATION OF SHARES AVAILABLE FOR GRANT. For purposes of
computing the number of Authorized Shares available from time to time under the
Plan for the grant of Options, the number of Shares subject to each Option
granted pursuant to the Plan shall be provisionally counted against the
Authorized Shares from and after the grant of such Option but only for so long
as and to the extent that such Option but only for so long as and to the extent
that such Option shall remain outstanding and unexercised. Upon the exercise, in
whole or in part, of an Option, the number of Shares issued upon such exercise
shall be permanently deducted from the Authorized Shares, provided that no such
permanent deduction shall be made, and the provisional deduction against the
Authorized Shares shall be reversed, to the extent that the exercise price
and/or the withholding taxes with respect to such exercise are paid through the
delivery to the Company by the person exercising the option of Shares already
owned by such person and/or through the withholding by the Company of Shares
from the total number of Shares with respect to which the Option is exercised.
The provisional deduction against the Authorized Shares shall likewise be
reversed to the extent of the unexercised portion of an Option upon the
expiration, lapse, cancellation, surrender, forfeiture or other termination of
such Option. The Shares covered by any such reversal of a provisional deduction
against the Authorized Shares shall immediately become available for the
granting of new Options under the Plan with respect thereto.

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     5.  ADMINISTRATION OF THE PLAN.

         (a) PROCEDURE. The Plan shall be administered by the Board or the Board
may, in its discretion, appoint a Committee to administer the Plan, subject to
such terms and conditions as the Board may prescribe, which Committee, once
appointed, shall continue to serve until otherwise directed by the Board;
provided that the granting of Option under Section 6(c) and any action under the
Plan affecting the number of Shares covered thereby, the exercise price payable
thereunder or the times at which the same may be exercised (including, but not
limited to, the acceleration of the vesting thereof or any extension of the
period (subject to the maximum terms fixed by the Section 7(a)) during which
such an Option may be exercised) shall not be taken by the Committee but shall
lie solely within the authority of the full Board, subject to the abstention of
the Optionee from any decision regarding any Option held by him or her. Subject
to the provisions of the Plan, the Committee has authority to manage and control
the operation of the Plan, interpret the provisions of the Plan, and prescribe,
amend and rescind rules and regulations relating to the Plan. From time to time
the Board may increase the size of the Committee and may appoint additional
members thereof, remove members (with or without cause), fill vacancies however
caused and remove all member of the Committee and thereafter directly administer
the Plan.

         (b) POWERS OF THE COMMITTEE. Subject to the provisions of this Plan,
the Committee shall have the authority, in its sole discretion:

               (i) To determine, upon review of relevant information in
         accordance with Section 8(b) of the Plan, the "Fair Market Value" (as
         defined in said Section 8(b)) of the Shares;

               (ii) To determine the terms and provisions of each Option;

               (iii) To amend any outstanding Option;

               (iv) To authorize any person to prepare and execute on behalf of
         the Company any instrument deemed by the Committee to be necessary or
         advisable to evidence or effectuate the Plan, any Option granted
         thereunder or any amendment to

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         the Plan or any Option;

               (v) To interpret the Plan;

               (vi) To prescribe, amend and rescind, if deemed necessary or
         appropriate, rules and regulations relating to the Plan, to the extent
         not inconsistent with the Plan;

               (vii) To make all other determinations the Committee may deem
         necessary or advisable in connection with the administration of the
         Plan; and

               (viii) To accelerate the time as of which any Option shall vest
         and may be exercised by the Optionee; provided, however, that the
         Optionee shall not participate in any decision regarding acceleration
         of vesting of any Option held by him or her.

         (c) EFFECT OF BAORD AND COMMITTEE DECISIONS. All decisions,
determinations and actions of the Board and te Committee in connection with the
construction, interpretation, administration, application, operation and
implementation of the Plan shall be final, conclusive and binding on the
respective legal representatives, heirs, successors and assigns of all of the
foregoing and all other persons claiming under or through any of them.

         (d) EXCULPATION AND INDEMNIFICATION. No member of the Board or the
Committee, and no Employee or other agent acting on behalf of the Board or the
Committee, shall be personally liable for any decision, determination or action
made or taken, or failed to be made or taken, with respect to this Plan or any
Option granted hereunder, and the Company shall fully protect each such person
in respect of any such decision, determination or action and shall indemnify
each such person against any and all claims, losses, damages, expenses and
liabilities arising from or in connection with any such decision, determination
or action.

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6. ELIGIBILITY: FORMULA GRANTS.

     (a) ELIGIBILITY. Each Director who is not an Employee shall be eligible to
receive grants of Options under the Plan.

     (b) FORMULA GRANTS.

         (i) INITIAL GRANTS. Each non-Employee Director who is newly elected or
     appointed to the Board after May 19, 1992 shall automatically be granted an
     Option (the "Initial Grant") to purchase 25,000 Shares of Common Stock
     (subject to adjustment as provided in Section 12) on the day he or she
     joins the Board.

         (ii) CONTINUING GRANTS. Each non-Employee Director shall automatically
     be granted an Option (the "Continuing Grant") to purchase 10,000 Shares of
     Common Stock (subject to adjustment as provided in Section 12) on each
     anniversary of his or her election or least re-election to the Board so
     long as such Director is serving on the Board on the date of such
     anniversary.

     (c) DISCRETIONARY GRANTS. In its sole discretion, the Board may at any time
and from time to time while the Plan is in effect, grant to any one or more of
the non-Employee Directors Options to purchase Shares on such terms and subject
to such provisions as the Board may, and the Board is hereby authorized to,
determine (which terms and provisions need not be identical), including but not
limited to, (i) the number of Shares subject to the Option, (ii) the exercise
price per Share (subject to the provisions of Section 8), and (iii) whether the
Option shall become exercisable over a period of time and when it shall be fully
exercisable. Any Options granted under this Section 6(c) shall be in addition to
those automatically granted to eligible Directors under Section 6(b) above, and
there shall be no limit on the number of Options which may be granted to any one
eligible Director or on the aggregate number of Shares subject to purchase
thereunder.

7.  TERM OF OPTIONS:  VESTING.

     (a) TERM OF OPTIONS. The term of each Option shall be seven (7) years from
the date of grant thereof provided that the Committee, if it intends that a
particular Option

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qualify as a Tax-Qualified Option, shall observe such restrictions on the term
of such Option as may be imposed by applicable tax laws in order for such Option
so to qualify. In the exercise of its authority under Section 5(b)(iii), the
Committee may extend the terms of any Option outstanding under the Plan,
provided that the term of the Option, as so extended, shall expire no later than
ten (10) years after the date as of which the Option was originally granted.
Each Option shall continue in effect in accordance with its terms
notwithstanding that the Plan may be terminated prior to the expiration of the
term of such Option.

     (B)  VESTING.

         (i) INITIAL GRANTS. Each Option constituting an Initial Grant shall be
     exercisable as to one-third of the Shares subject to the Option after the
     first anniversary of the grant date, exercisable as to two- thirds of the
     Shares subject to the Option after the second anniversary of the grant
     date, and exercisable as to all or any part of the Shares subject to the
     Option after the third anniversary of the grant date.

         (ii) CONTINUING GRANTS. Each Option constituting a Continuing Grant
     shall be exercisable as to all or any part of the Shares subject to the
     Option after the third anniversary of the grant date.

         (iii) DISCRETIONARY GRANTS. Each Option granted pursuant to Section
     6(c) shall be exercisable at such times and as to all or any part of the
     Shares subject to the Option as determined by the Board at the time of
     grant and reflected in the Option Agreement evidencing the same.

8. EXERCISE PRICE.

     (A) MINIMUM PRICE REQUIRED. The per Share exercise price for the Shares
subject to an Option shall be (i) with respect to the Options granted under
Section 6(b), the Fair Market Value per Share as of the day prior to the date of
grant of such Option, and (ii) with respect to Options granted under Section
6(c), such price per Share as the Board may determine at the time of grant and
reflected in the Option Agreement evidencing the same, but in no event

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less than the Fair Market Value per Share as of the day prior to the date of
grant.

     (B) DEFINITION OF "FAIR MARKET VALUE". For all purposes under the Plan,
"Fair Market Value" per Share shall be determined by the Committee in its sole
discretion; provided that if the Shares are included in the NASDAQ National
Market or listed on a stock exchange on the date as of which the same is to be
determined, the Fair Market Value per Share shall be the closing price on such
quotation system or exchange which is the principal trading market for the
Shares on the date of determination or, if no sale price was reported for the
Shares on the date of determination, the closing price on such principal trading
market for the last trading day prior to the date of determination for which a
sale price was reported; provided further, however, that if the foregoing method
of determining Fair Market Value is inconsistent with the then existing tax law
requirements with respect to any Option which the Committee intends to qualify
as a Tax Qualified Option, then the Fair Market Value per Share shall be
determined by the Committee in such manner as is required for such Tax Qualified
Option to qualify as such.

9.  FORM OF PAYMENT.

     (A) ACCEPTABLE FORMS OF CONSIDERATION. Except as may otherwise be specified
by the Committee in its sole discretion at the time of grant thereof and
reflected in the Option Agreement evidencing such Option, the following forms of
consideration will be accepted in payment of the exercise price for the Shares
to be issued upon exercise of an Option: (i) cash, (ii) personal check, (iii)
bank cashier's check, (iv) already owned Shares (duly endorsed for transfer with
signature guaranteed), (v) Shares withheld from the Shares to be issued upon
such exercise; (vi) subject to compliance with applicable law, a commitment for
the delivery to the Company of proceeds from the sale, pursuant to a brokerage
or similar arrangement, of Shares to be issued upon exercise of the Option, or
(vii) any combination of the foregoing. The person or persons entitled to
exercise the Option shall be entitled to elect from the foregoing forms of
consideration the form(s) to be used in effecting payment with respect to a
particular exercise; provided that any election by an Optionee to use already
owned Shares or have Shares withheld from those issuable upon such exercise
shall be

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effective only if made in accordance with the applicable requirements of Rule
16b-3; and provided further that a commitment fo rhte delivery to the Company of
proceeds from the sale, pursuant to a brokerage or similar arrangement, of
Shares to be issued upon exercise of an Option will not be accepted from an
Optionee if under Securities Law Requirements such a sale would be matched with
such exercise to result in "short-swing" profit liability under Section 16(b) of
the Act on the part of such Optionee with respect to such transaction.

     (B) VALUATION OF SHARES DELIVERED OR WITHHELD. Where already owned Shares,
or Shares withheld from those issuable upon such exercise, are used in payment
of the exercise price, such Shares shall be valued at Fair Market Value as of
the day immediately preceding the date of exercise.

     (C) DELIVERY OF ALREADY OWNED SHARES. The Company shall not be obligated to
accept from an Optionee Shares he or she already owns as full or partial payment
of the exercise price of an Option unless such tender is accompanied by a
written statement of the Optionee certifying that either (i) the Shares tendered
in payment were acquired other than through the exercise of a stock option
granted by the Company, or (ii) the Shares tendered in payment were acquired
through the exercise, on such date(s) as shall be recited in such statement (any
such Shares acquired through such an exercise occurring less than six (6) months
prior to the date of exercise of the Option in respect of which such already
owned Shares are tendered are ineligible for use as a payment toward such Option
exercise), of stock option(s) granted by the Company. The Committee may, in its
sole discretion, accept, in lieu of physical delivery of the stock certificates
evidencing such Shares, such constructive delivery of such Shares as may be
satisfactory to the Committee.

10.  METHOD OF EXERCISE.

     (a) PROCEDURE FOR EXERCISE: RIGHTS AS A STOCKHOLDER. Any Option granted
hereunder shall be exercisable at such times and under such conditions as
determined by the Committee and as permitted under the Plan. An Option may not
be exercised for a fraction of a Share. In order to exercise an Option, the
person or persons entitled to

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exercise it shall deliver to the Company written notice of the number of Shares
with respect to which the Option is being exercised, accompanied by payment in
full of the aggregate price for the Shares so to be acquired. To constitute an
effective exercise of an Option, such notice and payment shall be addressed to
the attention of the Treasurer of the Company and must be received at the
principal executive office of the Company by 5:00 p.m., local time, on the date
of expiration or termination of the Option. Until the issuance (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company) of the stock certificate evidencing such Shares,
no right to vote or receive dividends nor any other rights as a stockholder
shall exist with respect to the Optioned Stock notwithstanding the exercise of
the Option. No adjustment will be made for a dividend or other right for which
the record date is prior to the date the stock certificate is issued, except as
provided in Section 12.

     Exercise of an Option shall result in a decrease in the number of Shares
which thereafter shall be available for sale under such Option by the number of
Shares as to which the Option is exercised, including any Shares withheld from
the Shares to be issued pursuant to such exercise to cover the exercise price.

     (b) TERMINATION OF SERVICE. Except as may otherwise be specified by the
Committee in its sole discretion, in the event that an Optionee shall cease to
be a Director (whether by reason of the Optionee's death or disability or
otherwise), the Optionee or his Successor may exercise the Option (to the extent
that the Option was entitled to be exercised at the time the Optionee ceased to
be a Director) until the earlier of (i) the date three (3) years after the date
Optionee ceased to be a Director (or, if the Committee intends that a particular
Option qualify as a Tax Qualified Option, such lesser period of time within
which the applicable tax laws may require that the Option be exercised in order
for such Option so to qualify) or (ii) the expiration date of such Option, and
the Option shall terminate on the earlier of such dates.

11.  LIMITED TRANSFERABILITY OF OPTIONS.

     (a) Options granted under the Plan and any rights and privileges
appertaining thereto (1) may not be sold,

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pledged, assigned, hypothecated, transferred or disposed of in any manner by the
Optionee other than (A) by will or the laws of descent and distribution, (B)
pursuant to a "qualified domestic relations order" as defined in Code Section
414(p)(1)(A), or (C) with the consent of the Committee in the exercise of its
discretion, to (x) a Family Member, (y) A Non-Profit Organization, or (z) a
charitable trust, and (2) shall not be subject to execution, attachment or
similar process. Transfers pursuant to clauses (1)(C)(x) may be approved by the
Committee is made by gift or other transfer without the payment of any cash or
other economic consideration by the transferee to the transferor or by sale or
other transfer for cash or other economic consideration or otherwise, whereas
transfers pursuant to clauses (1)(C)(y) and (1) (C)(z) may be approved by the
Committee only if made without the payment of any cash or other economic
consideration by the transferee. A transfer of an Option pursuant to one of the
foregoing clauses (1)(A)-(C) may relate to all or any part of the Shares (but
must be for whole Shares) which then continue to be subject to such Option.

         (i) Written evidence of a transfer made pursuant to clauses (1)(A) or
     (1)(B), accompanied by the transferring Optionee's original copy of the
     Grant Agreement evidencing the transferred Option, shall be promptly
     provided to the Company upon the entry of the court order effecting, or
     other judicial authorization or direction of, such transfer. Upon the
     Committee's receipt of the foregoing, the Company shall cancel the original
     Option Agreement and re-issue a replacement Option Agreement to the
     transferee for the Option or portion thereof so transferred and to the
     transferring Optionee for any balance of the Option he or she retains
     without transfer.

         (ii) Where an Optionee desires to make a transfer pursuant to clause
     (1)(C), the Optionee shall, prior to making of such transfer, provide
     written notice to the Committee of the proposed transfer, which notice
     shall identify the proposed transferee by name, demonstrate that the
     proposed transferee is within one of the classes of transferees permitted
     by such clause, describe in reasonable detail the terms of the proposed
     transfer and demonstrate that the transfer will comply with the applicable
     requirements of

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     Section 15. Any transfer pursuant to clause (1)(C) shall otherwise be in
     form and substance reasonably acceptable to Committee; without limited the
     generality of the foregoing, the Committee may condition its approval of
     such a transfer upon the transferor paying, or making other arrangements
     satisfactory to the Committee for the payment of all withholding taxes, if
     any, which may required to be withheld in connection with the transfer.
     Upon the Committee's receipt and approval of the foregoing with respect to
     a proposed clause(1)(C) transfer, the Committee shall notify the Optionee
     proposing such transfer in writing of its approval of the transfer.
     Following receipt of such Committee approval, the Optionee shall be
     entitled to proceed with the transfer and shall provide the Company written
     notice of the consummation thereof. Upon the receipt of such consummation
     notice, the Company shall cancel the original Option Agreement and re-issue
     a replacement Option Agreement to the transferee for the Option or portion
     thereof so transferred and to the transferring Optionee for any balance of
     the Option he or she retains without transfer.

     (b) Upon the transfer of an Option or portion thereof in accordance with
Section 11(a), the transferee shall succeed to,a nd be entitled to exercise, all
of the rights and privileges of the transferring Optionee with respect to the
Option or portion thereof so transferred, provided that the transferred Option
in the hands of the transferee shall continue to be subject to all of the terms,
conditions and restrictions under the Plan and the Option Agreement with respect
to such Option which would be applicable to the Option were it still held by the
Optionee to whom it was originally granted, including, without limitation, any
requirement for the continued exercisability or other effectiveness of the
Option based upon the life, employment or other status of the orginal Optionee
and the payment of, or the making of arrangements acceptable to the Company for
the payment of, any and all withholding taxes required to be withheld in
connection with the exercise of the Option, whether such taxes are ultimately to
be paid by the original Optionee (or in the event of his or her death prior to
exercise by the transferee, his or her estate) or the transferee. Any transferee
succeeding to an Option, whether by direct transfer from the original Optionee
or, as permitted by Section 11(c), through further intervening

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transfers, shall also be subject to such restrictions on the exercise thereof as
may be applicable to such transferee as a matter of law which would have applied
to the Option were it still held by the original Optionee, such as, by way of
example and not of limitation, restrictions on the exercise of an Option
following a hardship withdrawal by the original Optionee from the Company's
401(k) plan.

     (c) A Family Member succeeding to an Option pursuant to Section 11(a)(1)(A)
or Section 11(a)(1)(C)(x) may make further transfers of the Option or any
portion thereof pursuant to Section 11(a)(1)(A) or, provided that the
eligibility of the further transferee to received the transfer shall continue to
be determined with reference to the original Optionee, pursuant to Section
11(a)(1)(A), 11(a)(1)(B), 11(a)(1)(C)(y) or 11(a)(1)(C)(z) shall not be entitled
to make any further transfer of the Option, except that the rights of a
transferee pursuant to Section 11(a)(1)(A) or 11(a)(1)(B) may be transferred, by
will or the laws of descent and distribution. The rights of any further
transferee permitted by this Section 11(c) shall, as in the case of each prior
transferee as provided in Section 11(b), be subject to all of the terms,
conditions and restrictions under the Plan and the Option Agreement with respect
to such Option which would be applicable to the Option were it still held by the
original Optionee.

     (d) The restrictions on transferability set forth in Section 11(a) shall
not be construed to limit the ability of an Optionee or Successor to elect to
pay all or any portion of the exercise price using the form of consideration
described in clause (vi) of Section 9(a).

     (e) Notwithstanding anything in the foregoing provisions of this Section 11
to contrary effect, no transferee succeeding to an Option shall be entitled to
exercise the transferred option unless there shall be in effect a registration
statement on an appropriate form or other filing covering the shares to be
acquired through such exercise as required from time to time under applicable
Securities Law Requirements and any other applicable provisions of law,
including without limitation, state "blue sky" laws and foreign (national and
provincial) securities laws and the rules and regulations promulgated under any
of such laws, or such transferee established, to the satisfaction of counsel for
the Company, that there is

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an applicable exemption from such Securities Law Requirements and other
applicable laws.

12.  ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER.

     (C) ADJUSTMENTS, IN GENERAL. Subject to the provisions of Paragraph (b) of
this Section 12 and to any required action by the stockholders of the Company,
the number of Shares covered by each outstanding Option, and the number of
Shares which have been authorized for issuance under the Plan but as to which no
Options have yet been granted or which due to the expiration, lapse,
cancellation, surrender, forfeiture or other termination of an Option under this
Plan are again available for grant, as well as the price per Share covered by
each such outstanding Option, shall be proportionately adjusted for any increase
or decrease in the number of issued and outstanding Shares resulting from a
stock split, reverse stock split, stock dividend, combination or
reclassification of Shares or any other increase or decrease in the aggregate
number of issued and outstanding Shares effected without receipt of
consideration by the Company; provided, however, that the issuance of Shares
pursuant to the conversion or exchange of any securities of the Company
convertible into or exchangeable for Shares shall not be deemed to have been
"effected without receipt of consideration". Any fractional Shares which would
otherwise result from any such adjustments shall be eliminated either by
deleting all fractional Shares or by appropriate rounding to the next higher
(fractions of one-half or more) or lower (fractions of less than one-half) whole
Share. All such adjustments shall be made by the Board in its sole discretion.
Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into or exchangeable for shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be
made to, the number of or exercise price for Shares subject to an Option.

     In the event of the proposed dissolution or liquidation of the Company, all
outstanding Options will terminate immediately prior to the consummation of such
proposed action, unless otherwise provided by the Board. The Board may, in the
exercise of its sole discretion in such instances, declare that any Option shall
terminate as of a date fixed by the Board and give each Optionee the right to
exercise his Option as to all or any part of the

<PAGE>

Optioned Stock, including Shares as to which the Optioin would not otherwise
then be exercisable.

     Subject to the provisions of Paragraph (b) of this Section 12, in the event
of a sale of all or substantially all of the assets of the Company, or the
merger or consolidation of the Company with or into another corporation, each
outstanding Option shall be assumed or an equivalent option shall be substituted
by such successor corporation or a parent or subsidiary of such successor
corporation, unless the Board, in the exercise of its sole discretion,
determines that, in lieu of such assumption or substitution, the Optionee shall
have the right to exercise the Option as to all or any part of the Optioned
Stock, including Shares as to which the Option would not otherwise then be
exercisable. If in the event of a merger, consolidation or sale of assets the
Board makes an Option fully exercisable in lieu of assumption or substitution,
the Company shall notify the Optionee that the Option shall be fully exercisable
for a period of thirty (30) days from the date of such notice, and the Option
will terminate upon the expiration of such period.

     (d) SPECIAL ADJUSTMENTS UPON CHANGE IN CONTROL. In the event of a "Change
in Control" of the Company (as defined in Paragraph (c) of this Section 12),
unless otherwise determined by the Board in its sole discretion prior to the
occurrence of such Change in Control, the following acceleration and valuation
provisions shall apply:

         (i) Any Options outstanding as of the date of such Change in Control
     that are not yet fully vested on such date shall become fully vested; and

         (ii) The value of all outstanding Options measured by the excess of the
     "Change in Control Price" (as defined in Paragraph (d) of this Section 12)
     over the exercise price, shall be cashed out. The cash out proceeds shall
     be paid to the Optionee or, in the event of death of an Optionee prior to
     payment, to his Successor.

     (E) DEFINITION OF "CHANGE IN CONTROL". For purposes of this Section 12, a
"Change in Control" means the happening of any of the following:

<PAGE>

         (i) When any "person", as such term is used in Sections 13(d) and 14(d)
     of the Act (other than the Company, a Subsidiary or a Company or Subsidiary
     employee benefit plan, including any trustee of such a plan acting as a
     trustee) becomes the "beneficial owner" (as defined in Rule 13d-3
     promulgated by the Commission under the Act, as adopted and amended from
     time to time and as interpreted by formal or informal opinions of, and
     releases published or other interpretive advice provided by the Staff of
     the Commission), directly or indirectly, of securities of the Company
     representing fifty percent (50%) or more of the combined voting power of
     the Company's then outstanding securities; or

         (ii) The consummation of a transaction requiring stockholder approval
     and involving the sale of all or substantially all of the assets of the
     Company or the merger or consolidation of the Company with or into another
     corporation.

     (F) DEFINITION OF "CHANGE IN CONTROL PRICE". For purposes of this Section
12, "Change in Control Price" shall be, as determined by the Board, (i) the
highest closing sale price of a Share, as reported by the NASDAQ National
Market, any stock exchange on which the Shares are listed or any other
recognized securities market on which the Shares are traded, at any time within
the sixty (60) day period immediately preceding the date of the Change in
Control (the "Sixty-Day Period"), or (ii) the highest price paid or offered, as
determined by members of the Board other than the Optionees, in any bona fide
transaction or bona fide offer related to the Change in Control, at any time
within the Sixty-Day Period.

     13. TIME OF GRANTING OPTIONS. The date of grant of an Option shall, for all
purposes, be (i) with respect to Options granted under Section 6(b), the dates
for the automatic granting thereof as specified in said Section 6(b), and (ii)
with respect to Options granted under Section 6(c), the date on which the Board
makes the determination to grant such Options.

     14. OPTION AGREEMENTS. As a condition to the effectiveness of each grant of
an Option under this Plan, the Optionee shall enter into a written Option
Agreement in such form as may be authorized by the Committee from time

<PAGE>

to time. Subject to the provisions of Section 19(a), each such Option Agreement
shall contain such provisions as are required by the terms of this Plan and may
contain such additional provisions not inconsistent with the terms of this Plan
as the Committee in its sole discretion may from time to time authorize. Each
Option Agreement shall also provide for such minimum waiting period from the
date of grant before the Option may be exercised, and such minimum holding
period from the date of the acquisition of Shares upon exercise of an Option for
which such Shares must be held before making any disposition of such Shares, as
may be required by Rule 16b-3.

     15. CONDITIONS UPON ISSUANCE OF SHARES AND TRANSFERS OF OPTIONS.
Notwithstanding anything express or implied to the contrary in the Plan or any
Option Agreement made hereunder:

         (a) No Shares shall be issued with respect to an Option unless the
exercise of such Option and the issuance and delivery of such Shares pursuant
thereto, nor shall the transfer of an Option be effective under Section 11
unless the same, shall comply with all applicable Securities Law Requirements
and all other applicable provisions of law, including without limitation, any
applicable state "blue sky" laws and foreign (national and provincial)
securities laws and the rules and regulations promulgated under any of such
laws, and shall be further subject to the approval of counsel for the Company
with respect to such compliance. As a condition to the exercise of an Option or
the issuance of Shares upon exercise of an Option, or to the transfer of an
Option under Section 11, the Company may require the person exercising such
Option to make such representations and warranties to the Company as may be
required, in the opinion of counsel for the Company, by any of the
aforementioned Securities Law Requirements and other laws, which may include,
without limitation, representations and warranties that the Shares which are
being or may be purchased thereunder are being or will be acquired only for
investment and without any present intention to sell or distribute such Shares.

         (b) The Company shall not have any liability to any Optionee in respect
of any delay in the sale or issuance fo Shares, or the transfer of an Option,
hereudner until the Company is able to effect any registration or other
qualification or obtain such other approval or

<PAGE>

authority from any governmental authority (domestic or foreign) or
self-regulatory organization having jurisdiction thereover, which registration,
qualification, approval or authority is deemed by the Company's counsel to be
necessary to the lawful sale, issuance or transfer of such Shares or Option, as
the case may be, or in respect of any failure to sell or issue such Shares, or
to effect any such Option transfer, as to which the Company is unable to obtain
such requisite registration, qualification, approval or authority.

         (c) The Company may, in its discretion, but shall be under no
obligation to, effect or obtain any registration or other qualification or
approval of any Option granted or transferred hereunder, or of any Shares
issuable upon the exercise thereof, under any applicable Securities Law
Requirements or any other applicable provisions of law, including without
limitation, any applicable state "blue sky" laws and foreign (national and
provincial) securities laws and the rules and regulations promulgated under any
of such laws, and in the event any such registration, qualification or approval
is not effected or obtained, such Option or Shares, as the case may be, shall be
subject to such transfer and/or other restrictions (including, if so provided by
such laws, rules and regulations, the prohibition of a particular transaction)
as may be imposed by such laws, rules and regulations under such circumstances.
By way of illustrating, but without limited the generality of, the foregoing
provisions of this Section 15(c), as of the time of the January 18, 2000
amendments to the Plan, the Share issuable upon the exercise of an Option by an
Employee were covered by an effective registration statement which the Company
had prior to that date elected to file (consistent with the discretion
recognized in this Section 15(c)) with the Commission on Form S-8 and would be
freely tradable (subject to the filing of a Form 144 and other applicable
requirement of rule 144 as then promulgated by the Commission to the extent
applicable to the Employee at the time of any trade) by the Employee, but until
the company were to file (as of the date of such amendments, the Company has not
yet filed and may be delayed in doing so until it is eligible to file) with the
Commission a registration statement with respect thereto pursuant recent
amendments to Form S-8, or were to elect to register under another available
Form, the Shares issuable to the transferee of an Option under Section 11 would
not upon his

<PAGE>

or her exercise thereof be able to dispose of such Shares on the public
securities markets for such period as may be required by Rule 144 in the absence
of an applicable Form S-8 or other registration statement. In the absence of
such an effective registration, the Company may condition the transfer of an
Option upon its receipt of a written acknowledgment from the transferee that the
Option and the Shares issuable thereunder are subject to such transfer and/or
other restrictions and require the Option Agreement evidencing such Option and
the Shares so issued, as the case may be, shall bear such legends or include
other appropriate provisions referencing such restrictions as the Company may
reasonably require.

     16. RESERVATION OF SHARES. The Company, during the term of this Plan, shall
at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

     17. EFFECTIVENESS OF PLAN. This Plan was adopted by the Board on, and
effective as of, October 18, 1990; subject to the approval hereof by the vote of
the Company's stockholders required therefore by the Delaware General
Corporation Law and applicable Securities Law Requirements within one(1) year of
such adoption by the Board, which approval was obtained at the Annual Meeting of
such stockholders held September 5, 1991. Amendments to this Plan changing the
frequency and amount of automatic grants and as to certain other matters were
adopted by the Board subject to the, and which received such, required approval
of the Company's stockholders at the Annual Meeting thereof held August 19,
1992. The Board also approved an increase in the number of Authorized Shares and
certain other amendments to this Plan subject to and which received such
required approval of the Company's stockholders at the Annual Meeting thereof
held August 31, 1995. On September 10, 1997, September 14, 1998, September 22,
1999 and January 18, 2000, the Plan was further amended by the Board as to
matters not requiring any stockholder action with respect thereto. The Plan
shall continue in full force and effect until (i) terminated by resolution of
the Board or (ii) both (A) all Options granted under the Plan have been
exercised in full and (B) no Authorized Shares remain available for the granting
of additional Options. The termination of the Plan shall not affect Options
already granted, which Options shall remain in full force and

<PAGE>

effect in accordance with their respective terms as if this Plan had not been
terminated.

     18. AMENDMENT OF PLAN AND OUTSTANDING OPTIONS. The Board may, in its sole
discretion, amend the Plan from time to time, provided that any amendment which
Rule 16b-3 or any other Securities Law Requirement requires be approved by the
stockholders of the Company shall be made only with the approval of such
stockholders. Amendments to the Plan shall apply prospectively to all Options
then outstanding under the Plan, except in the case of any amendment which is
adverse to an Optionee, in which case the amendment shall apply with respect to
the outstanding Options held by the adversely affected Optionee only upon the
consent of such Optionee to such amendment. In exercising its authority under
Section 5(b)(vii) to amend outstanding Options, the Committee likewise may make
an amendment which adversely affects the Optionee only upon the consent of such
Optionee to such amendment. Notwithstanding the provisions of this Section 18,
the consent of the Optionee shall not be required with respect to an amendment
to the Plan or to any outstanding Option which is made in order to comply with
Securities Law Requirements or which causes a Tax Qualified Option no longer to
qualify as such.

     19.  GENERAL PROVISIONS.

         (g) GRANTS TO FOREIGN DIRECTORS. Notwithstanding any other provision of
     this Plan to the contrary but subject to applicable Securities Law
     Requirements and tax laws, to the extent deemed necessary or appropriate by
     the Committee in its sole discretion in order to further the purpose of the
     Plan with respect to Directors who are foreign nations and/or employed
     outside the United States of America, an Option granted to any such
     Director may be on terms and conditions different from those specified in
     this Plan in recognition of the differences in the laws, tax policies and
     customs applicable to such a Director, without the necessity of the Plan
     being amended to provide for such different terms and conditions.

         (h) DETERMINATION OF DEADLINES. If any day on or before which action
     under this Plan or any Option granted hereunder must be taken falls on a
     Saturday, Sunday or Company-recognized holiday, such action may

<PAGE>

     be taken on the next succeeding day which is not a Saturday, Sunday or
     Company-recognized holiday.

         (i) GOVERNING LAW. To the extent that federal laws such as the Act or
     the Code) or the Delaware General Corporation Law do not otherwise control,
     this Plan and all determinations made and actions taken pursuant hereto
     shall be governed by the laws of the State of Ohio and construed
     accordingly.

         (j) GENDER AND NUMBER. Whenever the context may require, any pronouns
     used herein shall include the corresponding masculine, feminine or neuter
     forms, and the singular form of nouns and pronouns shall include the plural
     and vice versa.

         (k) CAPTIONS. The captions contained in this Plan are for convenience
     of reference only and do not affect the meaning of any term or provision
     hereof.<PAGE>

                                                                   Exhibit 10.13
                  SEPARATION, RELEASE AND EMPLOYMENT AGREEMENT

         SEPARATION, RELEASE AND EMPLOYMENT AGREEMENT (the "Agreement") made as
of the 7th day of July, 2003 by and between SYMBOL TECHNOLOGIES, INC., a
Delaware corporation (the "Corporation"), and JEROME SWARTZ (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive and the Corporation are parties to an Employment
Agreement, dated as of July 1, 2000 (the "Prior Employment Agreement") setting
forth the terms and conditions of the Executive's employment by the Corporation;
and

         WHEREAS, the Executive and the Corporation desire that the Executive
continue to be employed by the Corporation in the manner and on the terms and
conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the promises and of the mutual and
dependent agreements and covenants set forth, the parties hereto agree as
follows:

         1. Prior Employment Agreement

         The Executive and the Corporation agree that the Prior Employment
Agreement will terminate upon the execution of this Agreement and that this
Agreement supersedes the Prior Employment Agreement in all respects. Pursuant to
paragraph 12(a)(iii) of the Prior Employment Agreement, Executive hereby resigns
his position with the Corporation as a director, Chief Scientist and as
executive Chairman of the Board effective July 1, 2003, and hereby resigns
effective July 1, 2003 all other director, executive or other positions he
currently holds with the Corporation, and any affiliate or subsidiary of the
Corporation, and accepts the position of Chief Scientist Emeritus as set forth
below.

         2. Employment

         The Corporation hereby agrees to employ the Executive as set forth
below, reporting to the Chief Executive Officer, and the Executive hereby agrees
to render services to the Corporation and its subsidiaries, divisions and
affiliates for the period and on the terms and conditions set forth in this
Agreement. The Executive shall render such services as, from time-to-time, may
be required of the Executive by the Chief Executive Officer as set forth in
Section 4 of this Agreement.

         3. Term

         The Executive's employment under the Agreement shall be as follows
unless this Agreement is terminated earlier pursuant to the provisions of
Section 13 hereof; from the date of the execution of this Agreement, through and
including July 1, 2004, the Executive shall remain as a part-time employee of
the Corporation as its Chief Scientist Emeritus. The Executive shall be
compensated for his services pursuant to Section 5 of this Agreement.

<PAGE>

         4. Duties

         (a) So long as the Executive's employment under this Agreement shall
continue, the Executive shall be available, upon reasonable notice, from time to
time to advise and consult with the senior executive officers of the Corporation
and to devote such business time, attention, and energies to the affairs of the
Corporation and its subsidiaries, divisions and affiliates as is sought by the
Corporation, use his best efforts to promote its and their best interests and
perform such duties relating solely to certain technology and related
intellectual property projects as may be assigned to him by the Chief Executive
Officer of the Corporation. Executive shall have no direct reports except for an
administrator. Executive shall vacate his current office as soon as is
reasonably practicable and be relocated to an office in the engineering
department of the Corporation. Such relocation shall occur no later than August
1, 2003, provided the Corporation makes such office available by that date.

         (b) Executive agrees to cooperate with the Corporation in connection
with any threatened, actual or future litigation involving the Corporation,
whether administrative, civil or criminal in nature, in which and to the extent
his cooperation is deemed necessary by the Corporation in its reasonable
discretion. Subject to the then current travel policies of the Corporation, the
Corporation will reimburse Executive for his reasonable travel, meals, and
lodging expenses incurred in connection with this paragraph. Corporation also
agrees to make reasonable efforts to schedule any meetings with Executive for
this purpose as far in advance of such meetings as practicable. Executive
further agrees to cooperate fully with the Corporation and to testify truthfully
in connection with any existing or future investigations or litigations
involving the Corporation, which the Corporation is currently conducting,
conducts in the future, or in which it is currently or may become involved. This
obligation includes truthfully cooperating with any outside counsel or other
professionals employed by the Corporation for such purposes, and with all
regulatory authorities. For purposes of this paragraph, refusing to testify will
constitute a failure to cooperate and therefore a material breach of this
Agreement. After the expiration of this Agreement, the Corporation agrees as to
commercial and intellectual property matters only and apart from testimony on
such matters, that it will agree to pay Executive a reasonable consulting fee
for any substantial consultation on such matters should such consultation be
requested by the Corporation.

         (c) Executive and the Corporation hereby agree to issue the press
release annexed hereto as Exhibit A.

         5. Compensation; Options

         (a) The Corporation hereby agrees to pay to the Executive, and the
Executive hereby agrees to accept, as his sole and entire compensation for all
services rendered under this Agreement, a salary at the rate of $1 from the date
hereof through and including July 1, 2004.

         (b) The Executive will not be eligible to participate in the
Corporation's Executive Retirement Plan, and was not participating in this plan
immediately prior to the execution of this Agreement. The Executive shall not be
eligible to receive any bonus or any grant of stock options from the
Corporation. No stock options of the Corporation held by the Executive, or the
Jerome Swartz Irrevocable Family Trust (the "Trust"), shall vest after June 30,

                                       2
<PAGE>

2003, and all options of the Executive and the Trust that were scheduled to vest
after June 30, 2003 are hereby cancelled. However, during the term of this
Agreement, Executive and the Trust may exercise any vested options owned by
either of them as is permitted under the applicable terms of those options and
relevant option plans.

         (c) In addition to the foregoing, it is hereby agreed that during the
term of this Agreement, the Corporation shall provide and Executive shall be
entitled to receive employee life, disability and health benefits provided by
the Corporation no less favorable to the Executive than the benefits provided to
him by the Corporation as of the date of this Agreement relating to life and
disability and health insurance. In addition, the Executive shall continue to be
eligible to participate in the Corporation's 401(k) plan.

         (d) Notwithstanding paragraph 5(c) above, the Corporation shall not
provide any payments with respect to split dollar life insurance policies
currently in effect with respect to the Executive. Pursuant to a certain
agreement, dated March 31, 1999, entered into between the Corporation and the
Jerome Swartz Irrevocable Family Trust No. 2 U/A/D 10/5/98, it is an obligation
of this Trust to reimburse the Corporation for all insurance premiums it paid in
connection with any policies owned by the Trust. However, if the Corporation's
interest in any such policy is purchased through a promissory note issued by the
Trust, then the Executive personally guarantees full payment of such debt. The
Corporation further acknowledges and agrees that its entitlement to the
repayment of premiums on all split-dollar agreements (less any amounts
previously paid by the Trust or the Executive under the "crawl-out" provisions
governing such split-dollar arrangements) shall be paid only out of either the
death proceeds under any and all of the policies or, if one or more policies are
terminated prior to the Executive's death (other than in connection with the
restructuring described in the following sentence), out of the cash value of the
policies, with any Aggregate Shortfall being forgiven by the Corporation.
Aggregate Shortfall shall mean the amount, if any, by which the total amount of
premiums to which the Corporation is entitled exceeds the total amount of (a)
all death proceeds from all such split dollar policies, plus (b) all returned
cash value of all such terminated policies, it being understood that the
Corporation is entitled to payment of all such premiums from any of (a) and (b)
above. The Corporation further agrees that it will not unreasonably withhold its
consent, if such consent is requested by the Executive or the Trust, to enable
the Executive and/or the Trust to restructure one or more of the split-dollar
policies, which restructuring may include reducing the face amount of one or
more policies and/or terminating one or more policies and transferring the cash
value of such policies to other policies, provided that the Corporation's
collateral position in the aggregate in all of the policies is not adversely
affected by such restructuring.

         (e) All of the above payments and benefits made or provided by the
Corporation to Executive shall be subject to all deductions required by
applicable federal, state and local laws of the United States or any other
applicable jurisdiction.

         6. Expenses

         (a) During the term of this Agreement, subject to the then current
travel policies of the Corporation, the Corporation shall pay or reimburse the
Executive for all reasonable travel and other expenses incurred or paid by him
in connection with the performance

                                       3
<PAGE>

of his employment duties under this Agreement, upon presentation to the
Corporation of expense statements or vouchers and such other supporting
documentation as it may, from time to time, reasonably require; provided however
that the maximum amount available for such expenses, as any time from time to
time, be fixed in advance by the Board of Directors of the Corporation. The
Corporation also shall continue the Executive's current car allowance during the
term of this Agreement.

         (b) The Executive shall be entitled at all times to the benefit of the
maximum indemnification and advancement of expenses available from time to time
under any applicable agreements with the Corporation, the By-Laws of the
Corporation, the laws of the state of Delaware and any director's and officer's
liability insurance maintained by the Corporation.

         7. Inventions

         (a) The Executive agrees to and hereby does assign to the Corporation
or any subsidiary, affiliate or division of the Corporation designated by the
Corporation, all his right, title and interest throughout the World in and to
all ideas, methods, developments, products, inventions, processes, improvements,
modifications, techniques, designs and/or concepts relating directly or
indirectly to the business of the Corporation, its subsidiaries, affiliates or
divisions, whether patentable or unpatentable, which the Executive may conceive
and/or develop during a period of twenty-four (24) months following the
termination of his employment (whether pursuant to this Agreement or otherwise)
if such conception and/or development during such twenty-four (24) month period
is a direct result of the Executive's activities while employed by the
Corporation, whether or not conceived and/or developed at the request of the
Corporation or any subsidiary, affiliate or division (the "Inventions");
provided, however, that if the Corporation or such subsidiary, affiliate or
division determines that it will not use any such Invention or that it will
license or transfer any such Invention to an unaffiliated third party, then it
will negotiate in good faith with the Executive, if the Executive so requests,
with respect to a transfer or license of such Invention to the Executive.

         (b) The Executive further agrees promptly to communicate and disclose
to the Corporation any and all such Inventions as well as any other knowledge or
information which he may possess or obtain relating to any such Inventions.

         (c) In furtherance of the foregoing, the Executive agrees that at the
request of the Corporation, and at its expense, he will make or cooperate in the
making of applications for letters patent of the United States or elsewhere and
will execute such other agreements, documents or instruments which the
Corporation may reasonably consider necessary to transfer to and vest in the
Corporation or any subsidiary, affiliate or division, all right, title and
interest in such Inventions, and all applications for any letters patent issued
in respect of any of the foregoing. After the expiration of this Agreement, the
Corporation agrees that if the cooperation required by this paragraph 7(c) is
substantial, the Corporation shall pay Executive a reasonable consulting fee for
such cooperation.

         (d) The Executive shall assist, upon request, in locating writings and
other physical evident of the making of the Inventions and provide unrecorded
information relating to them and give testimony in any proceeding in which any
of the Inventions or any application or

                                       4
<PAGE>

patent directed thereto may be involved, provided that the Executive shall be
reimbursed for any out of pocket expenses incurred by him in connection
therewith, except that during such period of time as the Executive is no longer
employed by the Corporation, the Corporation shall not be obligated to
compensate the Executive at a higher rate for the giving of testimony than the
rate established by law for the compensation of witnesses in the court or
tribunal where the testimony is given or in the district where the testimony was
taken. The Corporation shall give the Executive reasonable notice should it
require such services, and, to the extent reasonably feasible, the Corporation
shall use its best efforts to request such assistance at times and places as
will least interfere with any other employment of the Executive.

         (e) At the expense of the Corporation, the Executive shall assign to
the Corporation all his interest in copyrightable material which he produces,
composes, or writes, individually or in collaboration with others, which arises
out of work performed by him on behalf of the Corporation, and shall sign all
papers and do all other acts necessary to assist the Corporation to obtain
copyrights on such material in any and all jurisdictions.

         8. Confidential Information

         The Executive hereby acknowledges that, in the course of his employment
by the Corporation he has had and will have access to secret and confidential
information, which related to or affects all aspects of the business and affairs
of the Corporation and its subsidiaries, affiliates and divisions, and which are
not available to the general public ("Confidential Information"). Without
limiting the generality of the foregoing, Confidential Information shall include
information relating to inventions, developments, specifications, technical and
engineering data, information concerning the filing or pendency of patent
applications, business ideas, trade secrets, products under development,
production methods and processes, sources of supply, marketing plans, and the
names of customers or prospective customers or of persons who have or shall have
traded or dealt with the Corporation. Accordingly, the Executive agrees that he
will not, at any time, without the express written consent of the Corporation,
directly or indirectly, disclose or furnish, or negligently permit to be
disclosed or furnished, any Confidential Information to any person, firm,
corporation or other entity except in performance of his duties hereunder;
provided, however, that the Executive may, after giving the Corporation at least
five business days advance notice, disclose any Confidential Information without
the express written consent of the Corporation to the extent required by law or
applicable court order, or to the extent such Confidential Information has
already become publicly available other than in violation of this Agreement.

         9. Confidential Materials

         The Executive hereby acknowledges and agrees that any and all models,
prototypes, notes, memoranda, notebooks, drawings, records, plans, documents or
other material in physical form which contain or embody Confidential Information
and/or information relating to Inventions and/or information relating to the
business and affairs of the Corporation, its subsidiaries, affiliates and
divisions and/or the substance thereof, whether created or prepared by the
Executive or by others ("Confidential Materials"), which are in the Executive's
possession or under his control, are the sole property of the Corporation.
Accordingly, the Executive hereby agrees that, upon the termination of his
employment with the Corporation, whether pursuant to

                                       5
<PAGE>

this Agreement or otherwise, or at the Corporation's earlier request, the
Executive shall return to the Corporation all Confidential Materials and all
copies thereof in his possession or under his control and shall not retain any
copies of Confidential Materials.

         10. Non-Competition

         (a) The Executive agrees that he shall not, so long as he shall be
employed by the Corporation in any capacity (whether pursuant to this Agreement
or otherwise), without the express written consent of the Corporation, directly
or indirectly, own, manage, operate, control or participate in the ownership,
management, operation or control or be employed by or connected in any manner
including as a consultant, with any business which is or may be in competition,
directly or indirectly with the business of the Corporation or any subsidiary,
affiliate or division of the Corporation.

         (b) The Executive agrees that for a period of thirty-six (36) months,
commencing on the effective date of the termination of his employment, whether
such termination is pursuant to the terms of this Agreement or otherwise
(collectively the "Period"), he shall not, without the express written consent
of the Corporation directly or indirectly, own, manage, operate, control, or
participate in the ownership, management, operation or control, or be employed
by or connected in any manner including as a consultant, with any business, firm
or corporation which is engaged in any business activity competitive with the
business of the Corporation and its subsidiaries, affiliates and divisions as
such business is conducted during the period of his employment by the
Corporation (whether pursuant to this Agreement or otherwise and at the
termination thereof). Moreover, during the Period, Executive shall not directly
or indirectly solicit, divert or take away in whole or in part any clients or
prospects of the Corporation who were solicited or serviced directly or
indirectly by Executive or by anyone directly or indirectly under Executive's
supervision or with whom Executive had any business relationship within the two
(2) year period prior to the termination of Executive's Prior Employment
Agreement. Executive also agrees that during the Period Executive will not
directly or indirectly attempt to recruit or solicit or aid in the recruitment
or solicitation of any employee, independent contractor or consultant of the
Corporation for the purpose of working for Executive or any competitor of the
Corporation or any other entity.

         (c) Anything to the contrary herein notwithstanding, the provisions of
this section shall not be deemed violated by the purchase and/or ownership by
the Executive of shares of any class of equity securities (or options, warrants
or rights to acquire such securities, or any securities convertible into such
securities) representing (together with any securities which would be acquired
upon the exercise of any such options, warrants or rights or upon the conversion
of any other convertible into such securities) 1% or less of the outstanding
shares of any such class of equity securities of any issuer whose securities are
listed on a national securities exchange or traded on NASDAQ, the National
Quotations Bureau Incorporated or any similar organization or (ii) securities
having a market value of less than $100,000; provided, however, that the
Executive shall not be otherwise connected with or active in the business of the
issuers described in this subsection 10(c).

                                       6
<PAGE>

         11. Remedy for Breach

         The Executive hereby acknowledges that in the event of any breach or
threatened breach by him of any of the provisions of sections 7, 8, 9 or 10 of
this Agreement, the Corporation would have no adequate remedy at law and could
suffer substantial and irreparable damage. Accordingly, the Executive hereby
agrees that, in such event, the Corporation shall be entitled, without necessity
of proving damages, and notwithstanding any election by the Corporation to claim
damages, to obtain a temporary and/or permanent injunction to restrain any such
breach or threatened breach or to obtain specific performance of any of such
provisions, all without prejudice to any and all other remedies which the
Corporation may have at law or in equity.

         12. Termination

         This Agreement and the employment of the Executive by the Corporation
shall terminate upon the earliest of the dates specified below:

         (a) the close of business on the date as of which the term of the
Executive's employment hereunder has terminated as provided in Section 3 hereto;
provided, however, that such term is not extended by any other agreement between
the Executive and the Corporation; or

         (b) the close of business on the date of the death of the Executive; or

         (c) the close of business on the effective date of the voluntary
termination by the Executive of his employment with the Corporation; or

         (d) the close of business on the one hundred and eightieth (180th) day
following the date on which the Corporation shall have given written notice to
the Executive that the Board of Directors of the Corporation has resolved to
terminate his employment without cause; or

         (e) the close of business on the twenty-first (21st) day following the
date on which the Corporation shall have given written notice to the Executive
terminating his employment for "Cause." "Cause" shall include without
limitation: (i) the intentional refusal by the Executive to perform such
services as may legally and reasonably be delegated or assigned to him,
consistent with his position, by the Chief Executive Officer of the Corporation,
or (ii) willful misconduct or gross negligence on his part in connection with
the performance of such duties, or (iii) a breach of this Agreement, or (iv) the
filing of any civil or criminal charges against the Executive by any
governmental agency, or Executive entering into any settlement with any
governmental agency, including without limitation any administrative settlement,
or (v) the discovery after the date of the Agreement of past willful misconduct
or gross negligence on the part of the Executive prior to the date of this
Agreement. A termination for "Cause" shall not be deemed to occur until there
shall have been delivered to the Executive a copy of a resolution duly adopted
by an affirmative vote of not less than a majority of the entire membership of
the Board finding the existence of cause.

                                       7
<PAGE>

         13. No Conflicting Agreements

         In order to induce the Corporation to enter into this Agreement and to
employ the Executive on the terms and conditions set forth herein, the Executive
hereby represents and warrants that he is not a party to or bound by any
agreement, arrangement or understanding, written or otherwise, which prohibits
or in any manner restricts his ability to enter into and fulfill his obligations
under this Agreement, to be employed by and serve as an executive of the
Corporation.

         14. Release

         In exchange for the consideration described in this Agreement,
including without limitation the consideration set forth in Section 5 of this
Agreement, and in exchange for payment by the Corporation of ten dollars
($10.00), receipt of which is hereby acknowledged, Executive hereby releases the
Corporation, and its subsidiaries, divisions, affiliates, successors, assigns,
representatives, and the current and former officers, directors, agents and
employees of each of them from any and all liability arising from any and all
acts including, but not limited to, those arising out of his employment
relationship with the Corporation, the Prior Employment Agreement or under any
contract, tort, federal, state, or local fair employment practices or civil
rights law including, but not limited to, Title VII of the Civil Rights Act of
1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of
1967, the Older Worker Benefits Protection Act of 1990, the Civil Rights Act of
1866, the Americans With Disabilities Act of 1990, the Employee Retirement
Income Security Act of 1974, the New York State & New York City Human Rights
Laws, or any claim for physical or emotional distress or injuries, or any other
duty or obligation of any kind or description including costs, expenses and
attorneys' fees, except that this release shall not apply to: (1) the rights of
the Executive to receive all amounts to which he is or may be entitled to under
this Agreement; (2) the rights of the Executive as a stockholder of the
Corporation; (3) the right of the Executive to receive COBRA continuation of
coverage under applicable law; (4) claims for benefits under any health,
disability, retirement, life insurance or other employee benefit plan (within
the meaning of Section 3(3) of ERISA) of the Corporation or any of its
affiliates; and (5) claims for the reimbursement of unreimbursed reasonable
business expenses incurred prior to the date hereof.

         This release shall apply to all known, unknown, unsuspected and
unanticipated claims, liens, injuries and damages including, but not limited to,
claims of employment discrimination, indemnity for discharge, or claims sounding
in tort or in contract, express or implied, as of the date of the execution of
this Agreement.

         15. Covenant not to Sue

         Except for the purpose of seeking enforcement of the terms of this
Agreement, or with respect to any rights Executive may have under any employee
benefit plan in which he is a participant, Executive stipulates and agrees that
he will not file or institute or cause to have filed or instituted any civil
action, complaint, charge, or other proceedings of any nature or description
against the Corporation before any judicial, administrative, arbitral or other
forum based upon or arising out of any claims, whether asserted or unasserted,
that Executive may have against the Corporation as of the date of this
Agreement.

                                       8
<PAGE>

         16. No Admission

         The Corporation expressly denies that it has violated any law, statute,
ordinance, contract, duty or obligation whatsoever, or that it committed any
tort or engaged in any wrongful conduct with respect to Executive. Executive
acknowledges that the consideration described in this Agreement is adequate and
sufficient consideration, and is in some part a benefit to which he would not
otherwise be entitled. The terms of this Agreement, the claims that have been or
could have been raised against the Corporation as of the date of this Agreement,
and the facts and circumstances underlying any such claim shall not be
admissible by Executive in any litigation or proceeding in any forum, except as
required by law, for any purpose other than to secure enforcement of the terms
and conditions of this Agreement.

         17. Ownership of Records

         It is understood and agreed that all files, papers, memoranda, letters,
handbooks and manuals, facsimile or other communications that were written,
authorized, signed, received or transmitted during or prior to Executive's
employment are and remain the property of the Corporation. Accordingly, such
records are not to be removed from the Corporation's offices, except in
furtherance of the Executive's duties under this Agreement. In addition, any
such records that Executive possesses, but which are not in the Corporation's
offices, are to be returned immediately upon the termination of this Agreement,
other than copies of any documents Executive may possess relating to his
compensation and benefits.

         18. Conditional Obligations

         Notwithstanding any other provision contained herein, the obligations
assumed by the Corporation under this Agreement shall be conditioned upon its
receipt of an executed duplicate original of this Agreement and complete
adherence to its terms by Executive.

         19. Response to Subpoena

         Executive agrees that, except if issued a subpoena therefore or as
otherwise required by law, he will not publish, publicize, or disseminate or
cause to be published, publicized or disseminated or permit to be published,
publicized or disseminated, directly or indirectly, and will keep entirely
confidential any information, data or documents (1) relating to his employment
with the corporation, and his resignation from his positions as executive
Chairman of the Board of Directors, Chief Scientist and as a director, (2) the
terms of this Agreement, except for the purpose of enforcing this Agreement,
should that ever become necessary, or as otherwise required by law, or to obtain
legal, accounting or tax advice. Executive agrees in this connection not to
grant any interviews with the press, news media or any other individuals or
entities regarding his employment with the Corporation or transition from
executive Chairman of the Board to part-time consultant. Executive may discuss
with third parties other than his spouse, attorneys, and tax advisors only the
fact that he was employed by the Corporation, his title, salary,
responsibilities and that he resigned his positions, and agrees not to provide
any other information regarding his employment with the Corporation. Executive
may disclose the terms of this Agreement only to his spouse, accountants,
attorneys or tax preparers. Executive agrees that, except if he is issued a
subpoena therefore, he will not publish,

                                       9
<PAGE>

publicize or disseminate, or cause to be published, publicized or disseminated
or permit to be published, publicized or disseminated, directly or indirectly,
and will keep entirely confidential any information, data or documents relating
to the operations of the Corporation, including any trade secrets or other
proprietary information. The Corporation reserves the right to seek appropriate
damages, including attorneys' fees and injunctive relief, should Executive
violate this Agreement. Nothing herein shall limit the Executive from talking
about the technology of the Corporation in furtherance of the Executive's duties
as Chief Scientist or Chief Scientist Emeritus, provided that such disclosure is
consistent with then existing policies of the Corporation, or has been expressly
authorized by the Chief Executive Officer.

         20. Waiver and Revocation

         (a) Executive acknowledges that he has had up to twenty-one (21) days
from the date he received this Agreement to consider the terms of this Agreement
and further, acknowledges that he is fully aware of its contents and of its
legal effects. Executive is hereby advised by the Corporation to consult with an
attorney regarding this Agreement prior to executing the same.

         (b) This Agreement has been executed freely, knowingly and voluntarily
by Executive without duress, coercion, or undue influence, with a full and free
understanding of its terms. This agreement is revocable by the Executive for
seven (7) days following its execution, after which time it shall become
effective and enforceable. Notice of revocation must be sent in writing to the
other party prior to the eighth day after this Agreement is signed by the party
seeking revocation. If Executive wishes to revoke his agreement, his written
notice of revocation must be postmarked within the seven (7) day revocation
period to the Corporation at the following address: Symbol Technologies, Inc.,
c/o General Counsel, One symbol Plaza, Holtsville, New York 11742.

         21. Miscellaneous

         (a) This Agreement shall become effective as set forth in Section 20(b)
and, from and after that time, shall extend to and be binding upon the
Executive, his personal representative or representatives and testate or
intestate distributees, and upon the Corporation, its successors and assigns;
and the term "Corporation", as used herein, shall include successors and
assigns.

         (b) Nothing contained in this Agreement shall be deemed to involve the
creation by the Corporation of a trust for the benefit of, or the establishment
by the Corporation of any other form of fiduciary relationship with the
Executive, his beneficiaries or any of their respective legal representatives or
distributes. To the extent that any person shall acquire the right to receive
any payments from the Corporation hereunder, such right shall be no greater than
the right of any unsecured general creditor of the Corporation.

         (c) Any notice required or permitted by this Agreement shall be given
by registered or certified mail, return receipt requested, addressed to the
Corporation at its then principal office or to the Executive at his residence
address, or to either party at such other

                                       10
<PAGE>

address or addresses as it or he may from time to time specify for the purpose
in a notice similarly given to the other party.

         (d) This Agreement shall be construed and enforced in accordance with
the laws of the State of New York, without regard to its conflicts of laws
principles. In this connection, Executive hereby consents to the exclusive
jurisdiction of the federal courts sitting in New York or the courts of the
State of New York to resolve any disputes arising out of interpretation or
administration of this Agreement.

         (e) This instrument contains the entire agreement of the parties
relating to the subject matter hereof, and there are no agreements,
representations or warranties not herein set forth. No modification or waiver of
this Agreement shall be valid unless in writing and signed by the Corporation
and the Executive. A waiver of the breach of any term or condition of this
Agreement shall not be deemed to constitute a waiver of any subsequent breach of
the same or any other term or condition. The failure of either party to insist
upon strict adherence to any term of this Agreement on any occasion shall not be
considered a waiver thereof or deprive either party of the right thereafter to
insist upon strict adherence to that term or any other term of the Agreement.

         (f) If any provision of this Agreement shall be held invalid, such
invalidity shall not affect any other provision of this Agreement not held so
invalid, and all other such provisions shall remain in full force and effect to
the full extent consistent with the law.

         (g) Nothing contained in this Agreement shall be deemed a waiver or
release by the Corporation of any actual or potential, accrued or unaccrued
claim or cause of motion against Executive, including without limitation any
claims or causes of action under Section 304 of the Sarbanes Oxley Act. All
rights of the Corporation against Executive are expressly reserved.

         (h) In entering into this agreement, the parties represent that they
have each been represented by counsel of their choice in the negotiation and
drafting of this Agreement. Accordingly, this Agreement shall not be strictly
construed against any party on the ground that the rules for the construction of
contracts require resolution of any ambiguity against the party drafting the
document. The parties further represent that the terms and conditions of this
Agreement have been read and explained to them by their attorneys, and that
those terms are fully understood and voluntarily accepted by them.

         (i) The section headings in this Agreement are for identification
purposes only, and shall not be considered in interpreting, construing or
determining the meaning of any section of this Agreement.

         (j) The following sections shall survive the termination on expiration
of this Agreement: 4(b), 5(d), 6(b), 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, 18 and
21.

                                       11
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the day and year first above written.

SYMBOL TECHNOLOGIES, INC.

By: /s/ (illegible)
    ---------------------------

Its:
    ---------------------------

/s/ Jerome Swartz
-------------------------------
Jerome Swartz

                                       12
<PAGE>

                                    EXHIBIT A

                    SYMBOL TECHNOLOGIES ANNOUNCES RESIGNATION
                               OF CHAIRMAN SWARTZ

                 CEO BRAVMAN TO SERVE AS INTERIM BOARD CHAIRMAN;
                       GOLDNER RESIGNS AS GENERAL COUNSEL

         HOLTSVILLE, N.Y., July 7, 2003 - Symbol Technologies, Inc. (NYSE:SBL)
today announced that its board of directors has accepted the resignation of Dr.
Jerome Swartz as chairman of the board, a director of the corporation and chief
scientist, effective immediately.

         Chief Executive Officer Richard Bravman, who is vice chairman of the
board, has taken on the duties of chairman until the next annual meeting of
shareholders, scheduled for Oct. 20, 2003. A new chairman will be elected at the
board meeting following the annual meeting.

         Through July 1, 2004, Swartz, who co founded Symbol in 1975, will be a
part-time employee as chief scientist emeritus, reporting to Bravman and
focusing on technology and intellectual property matters. Swartz is an inventor
named on approximately 150 of Symbol's patents, about 20 percent of the
Company's total portfolio, and his many product innovations have been recognized
as contributing to the growth of a global industry.

         Symbol also announced the resignation of Leonard H. Goldner, executive
vice president, general counsel and secretary, effective as of June 30, 2003.
The Company may retain Goldner for a period following June 30 to provide legal
services related to the completion of certain outstanding intellectual property
and commercial litigation matters. Walter Siegel, deputy general counsel and
vice president of law and business development, is serving as interim general
counsel. Symbol has initiated a search for a new general counsel.

         Swartz said, "It is clear that Improper finance and accounting
activities occurred at Symbol Technologies during my tenure. With the Company's
internal investigation now essentially complete, and corrective actions under
way, I have decided to step down. Over the next year, I will be available to
Symbol to conclude work aimed at securing its technology and intellectual
property foundations. I also plan to focus an increasing portion of my
professional energies on my long-standing interest in brain research through the
work of the Swartz Foundation for computational Neuroscience. I have confidence
that Rich Bravman, along with Bill Nuti and the new executive leadership team,
will carry Symbol forward. I am proud of Symbol's exceptional people whose hard
work over the years turned vision into business reality and created a company
whose technology and applications have benefited customers worldwide. I believe
the best years are still to come for Symbol."

         Bravman said, "The Company is working diligently to resolve as soon as
possible those issues emerging from our internal investigation of past
accounting practices. The new executive leadership team is committed to ensuring
the utmost integrity in its financial reporting and the management of its
business. Symbol is fortunate to have a strong strategic position with a
world-class customer base, superb technology assets, solid balance sheet and
intelligent and

<PAGE>

motivated staff at every level. We are moving beyond historical operational
issues and view the opportunities of today and tomorrow with confidence in our
prospects and abilities."

         STATUS OF INVESTIGATIONS, RESTATEMENTS

         As announced last month, Symbol expects to file the Company's 2002
Annual Report on form 10-K with the Securities and Exchange Commission in the
second half of July and to file both the first-quarter and second-quarter 2003
10-Qs filed by Aug. 14, 2003, at which time Symbol will be current with its
periodic SEC filings. While the Company believes that it can adhere to this
timetable, there is no guarantee that it can complete the filings as described.

         The previously reported Investigations by the Securities and Exchange
Commission and the U.S. Attorney's office are continuing, and the Company's
Internal investigation, undertaken with the assistance of independent legal
counsel and independent auditing firms, is nearing completion. The Company has
shared appropriate documentation and discussed relevant issues with its
auditors, who are reviewing them in connection with the audit of 2002 results
and the restatement of previously issued financial statements.

         The status of the investigations and the timing and estimated scope of
the restatement remain unchanged from the company's June 25, 2003, announcement
on those matters.

ABOUT SYMBOL TECHNOLOGIES

         Symbol Technologies, Inc. delivers enterprise mobility solutions that
enable anywhere, anytime data and voice communication designed to increase
productivity, reduce costs and realize competitive advantage. Symbol systems and
services integrate rugged mobile computing, advanced data capture and wireless
networking for the world's leading retailers, transportation and logistics
companies and manufacturers as well as government agencies and providers of
healthcare, hospitality and security. More information is available at
www.symbol.com.

                                       2

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