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                                                                     Exhibit 4.3

                          CERTIFICATE OF DESIGNATIONS

                                       OF

                 SERIES A JUNIOR PARTICIPATING PREFERRED STOCK

                                       OF

                           SYMBOL TECHNOLOGIES, INC.

                        (Pursuant to Section 151 of the

               General Corporation Law of the State of Delaware)

                              --------------------

     Symbol Technologies, Inc., a corporation organized and existing under the
General Corporation Law of the State of Delaware (hereinafter called the
"Company"), hereby certifies that the following resolution was duly adopted by
the Board of Directors of the Company as required by Section 151 of the General
Corporation Law of the State of Delaware at a meeting duly called and held on
August 13, 2001:

     RESOLVED, that pursuant to the authority granted to and vested in the Board
of Directors of the Company (hereinafter called the "Board of Directors" or the
"Board") in accordance with the provisions of the Company's Certificate of
Incorporation, as amended to date (hereinafter called the "Certificate of
Incorporation"), the Board of Directors hereby creates a series of Preferred
Stock, par value $1 per share, of the Company, to be designated the "Series A
Junior Participating Preferred Stock", and hereby adopts the resolution
establishing the designation and number of shares, and fixing the relative
rights, powers and preferences and the restrictions and limitations thereof, of
the shares of such series as set forth below:

          (A)  Designation and Amount. The shares of such series shall be
     designated as "Series A Junior Participating Preferred Stock" (the "Series
     A Preferred Stock") and the number of shares constituting the Series A
     Preferred Stock shall be 500,000. Such number of shares may be increased or
     decreased by resolution of the Board of Directors; provided, that no
     decrease shall reduce the number of shares of Series A Preferred Stock to a
     number less than the number of shares then outstanding plus the number of
     shares reserved for issuance upon the exercise of outstanding options,
     rights or warrants or upon the conversion of any outstanding securities
     issued by the Company convertible into Series A Preferred Stock.
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      (B) Dividends and Distributions.

            (1) Subject to the rights of the holders of any shares of any stock
of the Company ranking prior and superior to the Series A Preferred Stock with
respect to dividends, the holders of shares of Series A Preferred Stock, in
preference to the holders of Common Stock, par value $.01 per share of the
Company (the "Common Stock") and of any other class or series of stock of the
Company ranking junior to the Series A Preferred Stock, shall be entitled to
receive, when, as and if declared by the Board of Directors out of funds legally
available for such purpose, quarterly dividends payable in cash on the last day
of March, June, September and December, in each year (each such date being
referred to herein as a "Dividend Payment Date"), commencing on the first
Dividend Payment Date after the first issuance of a share or fraction of a share
of Series A Preferred Stock, in an amount per share (rounded to the nearest
cent) equal to the greater of (a) $10.00 or (b) subject to the provision for
adjustment hereinafter set forth, 1000 times the aggregate per share amount of
all cash dividends, and 1000 times the aggregate per share amount (payable in
kind) of all non-cash dividends or other distributions other than a dividend
payable in shares of Common Stock or subdivision of the outstanding shares of
Common Stock (by reclassification or otherwise), declared on the Common Stock
since the immediately preceding Dividend Payment Date or, with respect to the
first Dividend Payment Date, since the first issuance of any share or fraction
of a share of Series A Preferred Stock. In the event the Company shall at any
time after August 13, 2001, declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or
consolidation of the outstanding shares of Common Stock (by reclassification or
otherwise than by payment of a dividend in shares of Common Stock) into a
greater or lesser number of shares of Common Stock, then in each such case the
amount to which holders of shares of Series A Preferred Stock were entitled
immediately prior to such event under clause (b) of the preceding sentence shall
be adjusted by multiplying such amount by a fraction, the numerator of which is
the number of shares of Common Stock outstanding immediately after such event
and the denominator of which is the number of shares of Common Stock that were
outstanding immediately prior to such event.

            (2) The Company shall declare a dividend or distribution on the
Series A Preferred Stock as provided in paragraph (A) of this Section
immediately after it declares a dividend or distribution on the Common Stock
(other than a dividend payable in shares of Common Stock); provided that, in
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            the event no dividend or distribution shall have been declared on
            the Common Stock during the period between any Dividend Payment Date
            and the next subsequent Dividend Payment Date, a dividend of $1 per
            share on the Series A Preferred Stock shall nevertheless be payable,
            when, as and if declared, on such subsequent Dividend Payment Date.

                 (3) Dividends shall begin to accrue and be cumulative, whether
            or not earned or declared, on outstanding shares of Series A
            Preferred Stock from the Dividend Payment Date next preceding the
            date of issue of such shares, unless the date of issue of such
            shares is prior to the record date for the first Dividend Payment
            Date, in which case dividends on such shares shall begin to accrue
            from the date of issue of such shares, or unless the date of issue
            is a Dividend Payment Date or is a date after the record date for
            the determination of holders of shares of Series A Preferred Stock
            entitled to receive a quarterly dividend and before such Dividend
            Payment Date, in either of which events such dividends shall begin
            to accrue and be cumulative from such Dividend Payment Date. Accrued
            but unpaid dividends shall not bear interest. Dividends paid on the
            shares of Series A Preferred Stock in an amount less than the total
            amount of such dividends at the time accrued and payable on such
            shares shall be allocated pro rata on a share-by-share basis among
            all such shares at the time outstanding. The Board of Directors may
            fix a record date for the determination of holders of shares of
            Series A Preferred Stock entitled to receive payment of a dividend
            or distribution declared thereon, which record date shall be not
            more than 60 days prior to the date fixed for the payment thereof.

               (C) Voting Rights. The holders of shares of Series A Preferred
      Stock shall have the following voting rights:

                 (1) Subject to the provision for adjustment hereinafter set
            forth and except as otherwise provided in the Certificate of
            Incorporation or required by law, each whole share of Series A
            Preferred Stock shall entitle the holder thereof to 1000 votes on
            all matters upon which the holders of the Common Stock of the
            Company are entitled to vote. In the event the Company shall at any
            time after August 13, 2001, declare or pay any dividend on the
            Common Stock payable in shares of Common Stock, or effect a
            subdivision or combination or consolidation of the outstanding
            shares of Common Stock (by reclassification or otherwise than by
            payment of a dividend in shares of Common Stock) into a greater or
            lesser number of shares of Common Stock, then in each such case the
            number of votes per share to which holders of shares of Series A
            Preferred Stock were entitled

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      immediately prior to such event shall be adjusted by multiplying such
      number by a fraction, the numerator of which is the number of shares of
      Common Stock outstanding immediately after such event and the denominator
      of which is the number of shares of Common Stock that were outstanding
      immediately prior to such event.

            (2)   Except as otherwise provided herein, in the Certificate of
      Incorporation or in any other Certificate of Designations creating a
      series of Preferred Stock or any similar stock, and except as otherwise
      required by law, the holders of shares of Series A Preferred Stock and the
      holders of shares of Common Stock and any other capital stock of the
      Company having general voting rights shall vote together as one class on
      all matters submitted to a vote of stockholders of the Company.

            (3)   Except as set forth herein, or as otherwise provided by law,
      holders of Series A Preferred Stock shall have no special voting rights
      and their consent shall not be required (except to the extent they are
      entitled to vote with holders of Common Stock as set forth herein) for
      taking any corporate action.

            (4)   If, at the time of any annual meeting of stockholders for the
      election of directors, the equivalent of six quarterly dividends (whether
      or not consecutive) payable on any share or shares of Series A Preferred
      Stock are in default, the number of directors constituting the Board of
      Directors of the Company shall be increased by two. In addition to voting
      together with the holders of Common Stock for the election of other
      directors of the Company, the holders of record of the Series A Preferred
      Stock, voting separately as a class to the exclusion of the holders of
      Common Stock, shall be entitled at said meeting of stockholders (and at
      each subsequent annual meeting of stockholders), unless all dividends in
      arrears on the Series A Preferred Stock have been paid or declared and
      set apart for payment prior thereto, to vote for the election of two
      directors of the Company, the holders of any Series A Preferred Stock
      being entitled to cast a number of votes per share of Series A Preferred
      Stock is specified in paragraph (1) of this Section C. Each such
      additional director shall serve until the next annual meeting of
      stockholders for the election of directors, or until their successor shall
      be elected and shall qualify, or until their right to hold such office
      terminates pursuant to the provisions of this Section C(4). Until the
      default in payments of all dividends which permitted the election of said
      directors shall cease to exist, any director who shall have been so
      elected pursuant to the provisions of this Section C(4) may be removed at
      any time, without cause, only by the
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affirmative vote of the holders of the shares of Series A Preferred Stock at
the time entitled to cast a majority of the votes entitled to be cast for the
election of any such director at a special meeting of such holders called for
that purpose, and any vacancy thereby created may be filled by the vote of such
holders. If and when such default shall cease to exist, the holders of the
Series A Preferred Stock shall be divested of the foregoing special voting
rights, subject to revesting in the event of each and every subsequent like
default in payments of dividends. Upon the termination of the foregoing special
voting rights, the terms of office of all persons who may have been elected
directors pursuant to said special voting rights shall forthwith terminate, and
the number of directors constituting the Board of Directors shall be reduced by
two. The voting rights granted by this Section C(4) shall be in addition to any
other voting rights granted to the holders of the Series A Preferred Stock in
this Section C.

     (D)  Certain Restrictions.

          (1)  Whenever quarterly dividends or other dividends or distributions
payable on the Series A Preferred Stock as provided in Section 2 are in
arrears, thereafter and until all accrued and unpaid dividends and
distributions, whether or not earned or declared, on shares of Series A
Preferred Stock outstanding shall have been paid in full, the Company shall not:

     (i)    declare or pay dividends, or make any other distributions, on any
          shares of stock ranking junior (either as to dividends or upon
          liquidation, dissolution or winding up) to the Series A Preferred
          Stock;

     (ii)   declare or pay dividends, or make any other distributions, on any
          shares of stock ranking on a parity (either as to dividends or upon
          liquidation, dissolution or winding up) with the Series A Preferred
          Stock, except dividends paid ratably on the Series A Preferred Stock
          and all such parity stock on which dividends are payable or in arrears
          in proportion to the total amounts to which the holders of all such
          shares are then entitled;

     (iii)  redeem or purchase or otherwise acquire for consideration shares of
          any stock ranking junior (either as to dividends or upon liquidation,
          dissolution or winding up) to the Series A Preferred Stock, provided
          that the Company may at any time redeem, purchase or otherwise acquire
          shares of any such junior stock in exchange for shares of any stock of
          the Company ranking junior (as to dividends

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               and upon dissolution, liquidation or winding up) to the Series A
               Preferred Stock or rights, warrants or options to acquire such
               junior stock; or

          (iv) redeem or purchase or otherwise acquire for consideration any
               shares of Series A Preferred Stock, or any shares of stock
               ranking on a parity (either as to dividends or upon liquidation,
               dissolution or winding up) with the Series A Preferred Stock,
               except in accordance with a purchase offer made in writing or by
               publication (as determined by the Board of Directors) to all
               holders of such shares upon such terms as the Board of Directors,
               after consideration of the respective annual dividend rates and
               other relative rights and preferences of the respective series
               and classes, shall determine in good faith will result in fair
               and equitable treatment among the respective series or classes.

                    (2)  The Company shall not permit any subsidiary of the
          Company to purchase or otherwise acquire for consideration any shares
          of stock of the Company unless the Company could, under paragraph (1)
          of this Section D, purchase or otherwise acquire such shares at such
          time and in such manner.

               (E)  Reacquired Shares. Any shares of Series A Preferred Stock
     purchased or otherwise acquired by the Company in any manner whatsoever
     shall be retired and cancelled promptly after the acquisition thereof. All
     such shares shall upon their retirement become authorized but unissued
     shares of Preferred Stock and may be reissued as part of a new series of
     Preferred Stock to be created by resolution or resolutions of the Board of
     Directors, subject to any conditions and restrictions on issuance set forth
     herein.

               (F)  Liquidation, Dissolution or Winding Up. Upon any
     liquidation, dissolution or winding up of the Company, voluntary or
     otherwise, no distribution shall be made (1) to the holders of the Common
     Stock or of shares of any other stock of the Company ranking junior, upon
     liquidation, dissolution or winding up, to the Series A Preferred Stock
     unless, prior thereto, the holders of shares of Series A Preferred Stock
     shall have received an amount equal to the greater of (i) $1,000 per share,
     plus an amount equal to accrued and unpaid dividends and distributions
     thereon, whether or not earned or declared, to the date of such payment and
     (ii) an aggregate amount per share, subject to the provision for adjustment
     hereinafter set forth, equal to 1,000 times the aggregate amount of all
     cash and other property to be distributed per share to holders of shares of
     Common Stock or (2) to the holders of shares of stock ranking on a parity
     upon liquidation, dissolution or winding up with the Series A Preferred
     Stock,

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          except distributions made ratably on the Series A Preferred Stock and
          all such parity stock in proportion to the total amounts to which the
          holders of all such shares are entitled upon such liquidation,
          dissolution or winding up. In the event, however, that there are not
          sufficient assets available to permit payment in full of the Series A
          Preferred Stock liquidation preference and the liquidation preferences
          of all other classes and series of stock of the Company, if any, that
          rank on a parity with the Series A Preferred Stock in respect thereof,
          then the assets available for such distribution shall be distributed
          ratably to the holders of the Series A Preferred Stock and the holders
          of such parity shares in proportion to their respective liquidation
          preferences. In the event the Company shall at any time after August
          13, 2001, declare or pay any dividend on the Common Stock payable in
          shares of Common Stock, or effect a subdivision or combination or
          consolidation of the outstanding shares of Common Stock (by
          reclassification or otherwise than by payment of a dividend in shares
          of Common Stock) into a greater or lesser number of shares of Common
          Stock, then in each such case the aggregate amount to which holders of
          shares of Series A Preferred Stock were entitled immediately prior to
          such event under the proviso in clause (1) of the preceding sentence
          shall be adjusted by multiplying such amount by a fraction the
          numerator of which is the number of shares of Common Stock outstanding
          immediately after such event and the denominator of which is the
          number of shares of Common Stock that were outstanding immediately
          prior to such event.

     Neither the merger or consolidation of the Company into or with another
entity nor the merger or consolidation of any other entity into or with the
Company (nor the sale of all or substantially all of the assets of the Company)
shall be deemed to be a liquidation, dissolution or winding up of the Company
within the meaning of this Section F.

               (G) Consolidation, Merger, etc. In case the Company shall enter
          into any consolidation, merger, combination or other transaction in
          which the shares of Common Stock are converted into, exchanged for or
          changed into other stock or securities, cash and/or any other
          property, then in any such case each share of Series A Preferred Stock
          shall at the same time be similarly converted into, exchanged for or
          changed into an amount per share (subject to the provision for
          adjustment hereinafter set forth) equal to 1000 times the aggregate
          amount of stock, securities, cash and/or any other property (payable
          in kind), as the case may be, into which or for which each share of
          Common Stock is converted, exchanged or converted. In the event the
          Company shall at any time after August 13, 2001, declare or pay any
          dividend on the Common Stock payable in shares of Common Stock, or
          effect a subdivision or combination or consolidation of the
          outstanding shares of Common Stock (by reclassification or otherwise
          than by payment of a dividend in shares of Common Stock) into a
          greater or lesser number of shares of Common Stock, then in each such
          case the amount set forth in the preceding sentence with respect to
          the conversion, exchange or change of shares of Series A Preferred
          Stock shall be adjusted by multiplying such amount by a fraction, the
          numerator of which is the number of shares of
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Common Stock outstanding immediately after such event and the denominator of
which is the number of shares of Common Stock that were outstanding immediately
prior to such event.

     (H)  No Redemption. The shares of Series A Preferred Stock shall not be
redeemable from any holder.

     (I)  Rank. The Series A Preferred Stock shall rank junior to all other
series of Preferred Stock, with respect to the payment of dividends and the
distribution of assets upon liquidation, dissolution or winding up of the
Company, unless the terms of any such series shall provide otherwise, and shall
rank senior to the Common Stock as to such matters.

     (J)  Amendment. If any proposed amendment to the Certificate of
Incorporation (including this Certificate of Designations) would alter, change
or repeal any of the preferences, powers or special rights given to the Series
A Preferred Stock so as to affect the Series A Preferred Stock adversely, then
the holders of the Series A Preferred Stock shall be entitled to vote separately
as a class upon such amendment, and the affirmative vote of two-thirds of the
outstanding shares of the Series A Preferred Stock, voting separately as a
class, shall be necessary for the adoption thereof, in addition to such other
vote as may be required by the General Corporation Law of the State of Delaware.

     (K)  Fractional Shares. Series A Preferred Stock may be issued in
fractions of a share that shall entitle the holder, in proportion to such
holder's fractional shares, to exercise voting rights, receive dividends,
participate in distributions and to have the benefit of all other rights of
holders of Series A Preferred Stock.
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          IN WITNESS WHEREOF, this Certificate of Designations is executed on
behalf of the Company by its Secretary this 28th day of August, 2001.

                                       /s/ Leonard Goldner
                                       ----------------------------------------
                                       Name:  Leonard Goldner
                                       Title: Executive Vice President, General
                                              Counsel and Secretary<PAGE>

                                                                   EXHIBIT 10.17

                              SETTLEMENT AGREEMENT

This Settlement Agreement is made and entered into this 1st day of June, 2004 by
and between Symbol Technologies, Inc. ("Symbol" or the "Company") and Jerome
Swartz ("Swartz").

WHEREAS, the Company and Swartz have been named as parties in various civil
actions brought by Symbol shareholders asserting claims regarding the period of
time when Swartz was serving as Chairman and/or Chief Executive Officer of the
Company;

WHEREAS, the Company indicates that it has been threatened with proceedings by
the United States Securities and Exchange Commission and the United States
Attorney's Office (collectively, the "Government") regarding that same period of
time;

WHEREAS, the Company has moved to dismiss a claim purportedly brought on behalf
of Symbol against Swartz and others in a proceeding commenced in the Court of
Chancery of the State of Delaware entitled Michael Gold v. Tomo Razmilovic, et
al., No. 122-N (the "Derivative Action");

WHEREAS, the Company has agreed in principle to resolve several of the purported
class action litigations in the United States District Court, Eastern District
of New York, entitled In re: Symbol Technologies Securities Litigation,
02-CIV-1383 (LDW); Edward Hoyle v. Symbol Technologies, Inc., et al., 03-CV-1394
(LDW); and Joseph Salerno v. Symbol Technologies, Inc. et al., 03-CV-2208 (LDW)
(collectively, the "Class Action"), and hopes to resolve the claims of the
Government;

WHEREAS, the Company and the plaintiffs in the Class Action have entered into a
Stipulation and Agreement of Settlement dated May 24, 2004 (the "Class
Settlement");

WHEREAS, the Class Settlement states that the Class will provide a release to
Swartz in return for a cash payment from him of $4 million and his signing of
the Class Settlement by June 1, 2004;

WHEREAS, the Company and Swartz believe that they have claims against one
another;

WHEREAS, the Company and Swartz deny liability for all such claims;

WHEREAS, by the Separation, Release and Employment Agreement dated July 7, 2003
between Swartz and the Company, Swartz forfeited substantial consideration in
the form of compensation, options and benefits;

WHEREAS, the Company and Swartz wish to resolve and settle all remaining issues
between them; and

WHEREAS, the Company's Board of Directors, being fully informed of the facts and
circumstances, has determined in the exercise of its reasonable business
judgment that this settlement is fair and reasonable and in the best interests
of the Company;

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NOW, THEREFORE, in consideration of the mutual undertakings set forth herein and
for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties stipulate and agree as follows:

1. STRUCTURE OF THIS AGREEMENT

This Agreement, other than Paragraphs 2(b), 3(c), and 4(a)(3)(i), is conditioned
upon the dismissal of the Derivative Action with respect to Swartz, as described
below in this paragraph, or the delivery of a release of Swartz and an agreement
in the Derivative Action, as described in paragraph 5(c) below, without payment
or consideration by Swartz in addition to that identified herein. Paragraphs
2(b), 3(c), and 4(a)(3)(i) are binding immediately upon execution of this
Agreement and are not in any way conditioned on any subsequent event. The
Effective Date of the paragraphs of this Agreement other than paragraphs 2(b),
3(c), and 4(a)(3)(i) shall be the earlier of the date of the (i) entry of a
final, non-appealable order or judgment dismissing the Derivative Action with
prejudice with respect to Swartz, or (ii) delivery of a release of Swartz and an
agreement, as described in paragraph 5(c) below (the "Effective Date"). The
Company shall exercise reasonable efforts (not including the payment of money)
to obtain such dismissal as soon as reasonably practicable.

2. PAYMENT

a. Swartz agrees to pay, in cash and surrendered Company stock options, a total
value of $14.1 million. The $14.1 million is comprised of the following:

b. Swartz shall pay $4 million in cash in settlement of the claims made against
him in the Class Action. As described in paragraph 7(a)(ii) of the Class
Settlement, such payment shall be made by wire transfer in accordance with
directions from Lead Counsel in the Class action, within five business days
after entry of the Preliminary Approval Order of the Class Settlement. Swartz's
obligation to pay the $4 million described in this paragraph is not conditioned
upon any subsequent event identified in this Settlement Agreement, and Swartz
will have no rights to reimbursement of the $4 million from the Company or its
insurance policies (including its directors and officers policies) regardless of
whether the remaining provisions of this Agreement become effective.

c. Swartz agrees to remit to the Company, care of its General Counsel, Peter
Lieb, Esq., the sum of $7.2 million in cash via wire transfer or certified check
payable to Symbol Technologies, Inc., within three (3) business days of the
Effective Date.

d. Subject to paragraph 2(e) below, within three (3) business days of the
Effective Date, Swartz agrees to forfeit and return to the Company, and to make
no objection to the Company's cancellation of, certain Company stock, options
(the "Forfeited Options"). The Forfeited Options shall be valued in the
aggregate at $2.9 million, calculated as of May 26, 2004. Such Forfeited Options
shall be valued by using Black-Scholes methodology and using the closing market
price of Symbol stock on May 26, 2004 ($14.94); volatility of 59 percent; and a
remaining term based on an expiration date of July 1, 2004. Swartz shall pick
the precise Forfeited Options to be so forfeited, so long as they are valued as
described in this paragraph, and shall deliver a list of such options to Symbol
through its counsel no later than June 8, 2004.

e. Swartz shall retain the right to exercise the Forfeited Options until July 1,
2004 (or the Effective Date, if earlier than July 1, 2004). The net shares
acquired by Swartz from any such

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exercise (the "Net Shares") shall be held in escrow. The Net Shares shall equal
the number of shares of the Company's stock that are purchased by the exercise
of the Forfeited Options reduced by the number of shares of the Company's stock
that are needed to pay for the exercise price, or, in the event that Swartz
elects to use cash to pay for the exercise price, the number of shares of the
Company's stock that would have been used to pay for the exercise price had
Swartz elected to use shares (e.g., if Swartz was exercising 200 options with a
strike price of $10, and the closing price for the Company's stock was $20 per
share, the Net Shares would be 100 shares). If the Effective Date has not
occurred by July 1, 2004, Swartz shall exercise the Forfeited Options
outstanding on that date that have an exercise price that is less than the
Company's closing price on that date. No other Forfeited Options shall be
exercised. In that event, within three (3) business days of the Effective Date,
Swartz shall, at his sole discretion, (i) transfer ownership of the Net Shares
held in escrow to the Company, or (ii) pay $2.9 million in cash to the Company.
The Company agrees to accept either the Net Shares or $2.9 million in cash in
lieu of the Forfeited Options. In the event that Swartz elects to pay $2.9
million in cash to the Company, the Net Shares held in escrow shall be returned
to Swartz.

3. RELEASES

a. Swartz, on behalf of himself as well as his heirs, executors, administrators,
predecessors, successors and assigns, in consideration of the matters described
in this Agreement, does hereby, as of the Effective Date, remise, release,
acquit and forever discharge the Company and its parents, subsidiaries,
affiliates and divisions, and their respective current and former owners,
partners, officers, directors, representatives, agents, employees, and
attorneys, as well as the heirs, executors, administrators, predecessors,
successors, and assigns of any of them (the "Company Releases"), of and from any
and all manner of claims, causes of action, suits, debts, dues, accounts, bonds,
covenants, contracts, agreements, judgments, and demands whatsoever in law or in
equity, whether such claims, causes or action, suits, debts, dues, accounts,
bonds, covenants, contracts, agreements, judgments and demands be presently
known or unknown, suspected or unsuspected, whether based in contract, tort, or
statute (collectively, "Claims"), whether they be directly, indirectly,
nominally or beneficially, possessed or claimed by any of them, which Swartz has
had, now has, or which he, his heirs, executors, administrators, successors or
assigns, or any of them, hereafter can, shall or may have against the Company
Releases, for or by reason of any cause, matter or thing whatsoever, from the
beginning of the world to this date, except for claims (i) arising out of a
breach of this Agreement, and (ii) for advancement and indemnity under the
Company's Charter, By-laws, and Delaware law, subject to the limitations set
forth in Section 4, below.

b. The Company, on behalf of itself and its parents, subsidiaries, affiliates
and divisions, and their respective current owners, partners, officers,
directors, representatives, agents, employees and attorneys, as well as the
heirs, executors, administrators, predecessors, successors, and assigns of any
of them, in consideration of the matters described in this Agreement, does
hereby, as of the later of the Effective Date or its receipt of the
consideration identified in paragraphs 2(c)-(e), remise, release, acquit and
forever discharge Swartz and his heirs, executors, administrators, agents,
employees, attorneys, representatives, predecessors, successors, and assigns of
any of them (the "Swartz Releasees"), of and from any and all Claims, whether
they be directly, indirectly, nominally or beneficially, possessed or claimed by
any of them, which the Company has had, now has, or which its successors or
assigns, or any of them, hereafter can, shall or may have against the Swartz
Releasees, for or by reason of any cause, matter or thing whatsoever, from the
beginning of the world to this date, except for (i) claims

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arising out of a breach of this Agreement and (ii) defenses to any right to
advancement or indemnification asserted by Swartz, and any obligations of Swartz
resulting from his assertion of any such right, including the signing of an
appropriate undertaking, whether under Symbol's Charter, By-laws or Delaware
law, or the undertaking signed by Swartz dated January 15, 2004. Nothing herein
shall be deemed to release any claim that Symbol may have against any person or
entity other than the Swartz Releasees, including other former or current
directors, officers or employees of the Company, or the Company's former
auditors.

c.  The Class Settlement, to which Swartz has agreed to contribute $4 million
pursuant to paragraph 2(b) of this Agreement, provides for a release of Swartz
by the Class Plaintiffs in connection with the matters entitled In re: Symbol
Technologies Securities Litigation, 02-CIV-1383 (LDW); Edward Hoyle v. Symbol
Technologies, Inc., et al., 03-CV. 1394 (LDW); and Joseph Salerno v. Symbol
Technologies, Inc. et al., 03-CV-2208 (LDW). Swartz agrees to enable his release
by making the payment described in paragraph 2(b) of this Agreement and by
timely signing the Class Settlement by June 1, 2004 as required by the terms of
the Class Settlement.

4.INDEMNITY AND ADVANCEMENT

a. Swartz agrees to the following limitations on any indemnity and advancement
right that he has against the Company. Other than the limitations described
below, Swartz shall be indemnified as provided by the Company's Charter,
By-laws, and Delaware law:

(1) Swartz shall not make any claim against any of the Company's insurance
policies (including its directors and officers policies) with respect to the
alleged financial fraud at the Company or the accounting matters related to the
Company's restatement.

(2) Symbol shall have no obligation whatsoever to Swartz of advancement or
indemnification of costs, expenses, fees, fines, judgments, penalties or
anything else, however described, with respect to any civil, administrative or
criminal proceeding or investigation of or against Swartz by any federal, state
or local government agency or entity, except to the extent that that such
federal, state or local government agency or entity is acting in its capacity as
a Company shareholder.

(3) Any indemnity to Swartz for attorneys' fees and expenses actually incurred
through the date of the signing of this Agreement in connection with the alleged
financial fraud at the Company or the accounting matters related to the
Company's restatement is limited to a maximum of $500,000. The Company agrees to
indemnify Swartz in that amount subject to proof of payment and the indemnity
shall be paid directly to Swartz as follows: (i) $100,000 cash within twenty
(20) days of the Company's receipt of said proof of payment, and (ii) $400,000
cash within three (3) business of the Effective Date, without further review by
the Company except to confirm that such fees and expenses relate to the alleged
financial fraud or the accounting matters related to the Company's restatement.

(4) Any indemnity right of Swartz for any matter in connection with the alleged
financial fraud at the Company or the accounting matters related to the
Company's restatement is capped in the aggregate (i.e. all such indemnity
matters added together) at and shall not exceed $2.5 million. The $500,000
indemnity payment referred to in paragraph 4(a)(3) above shall not count against
the $2.5 million cap.

b. The Company, through counsel of its selection, shall continue to defend
Swartz in connection with the litigation in the United States District Court,
Eastern District of New York, entitled Bernd Bildstein v. Symbol Technologies,
Inc., et al., 03-CV-2034, and such defense will

                                        4
<PAGE>

be at no cost to Swartz. Swartz agrees that it will not be a conflict of
interest for a single firm to represent him and the Company in this regard and
Swartz waives any claim that the law firm representing him and the Company may
be barred from representing the Company in any matter.

c. The Company agrees that any settlement it reaches with any former employee,
officer or director of the Company concerning in any way the alleged financial
fraud at the Company or the accounting matters related to the Company's
restatement shall include a release and bar for Swartz for any matter relating
to the alleged financial fraud at the Company or the accounting matters related
to the Company's restatement.

d. Swartz shall, in connection with any claim for advancement or indemnification
of fees or expenses pursuant to this Paragraph, submit such invoices to the
Company's General Counsel. Swartz acknowledges that the limitations identified
in paragraph 4(a) above on rights he may have to indemnity and advancement
constitute legal waivers of such rights to the extent of, and in accordance
with, the limitations set forth in paragraph 4(a).

5. MISCELLANEOUS

a. Swartz shall have the right to make a public statement concerning this
Settlement Agreement, and shall provide to the Company an advance copy of any
such public statement no later than twenty-four (24) hours prior to its
issuance. The Company shall provide to Swartz an advance copy of any public
statement (or portion thereof) concerning Swartz no later than twenty-four (24)
hours prior to its issuance.

b. The parties shall be free to waive any conditions to this Agreement and to
accelerate the Effective Date on such conditions as they mutually may agree to
in the form of a writing signed by representatives of both parties.

c. The Company can accelerate the Effective Date by rendering to Swartz a
release of Swartz in the Derivative Action and an agreement to waive any
limitation provided for herein on any right to advancement and indemnification
that Swartz would otherwise have with respect to the Derivative Action.

d. In the event that the Company is unsuccessful in obtaining a final,
non-appealable order or judgment dismissing the Derivative Action with prejudice
with respect to Swartz, by whatever means, and the Company does not elect to
accelerate the Effective Date pursuant to paragraph 5(c), the following shall
occur:

(1) The Net Shares described in paragraph 2(e) shall be returned to Swartz;

(2) All the releases and obligations described in this Agreement will not become
effective except for paragraphs 2(b), 3(c), and 4(a)(3)(i).

e. This Agreement sets forth the entire understanding of the parties with
respect to the subject matter hereof, and may be modified only by a written
instrument duly executed by each party, and supersedes all prior agreements or
understandings between the parties.

f. Each of the parties hereto agrees that any claim arising under this Agreement
in favor of, or against, any party may be asserted and filed only in any federal
or state court located in the State of New York; and each of the parties agrees
to submit to the jurisdiction of the federal or state courts located in the
State of New York in any action or proceedings arising out of or relating to
this Agreement.

                                        5
<PAGE>

g. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors, assigns,
transferees, heirs and executors.

h. Each of the parties hereto represents and warrants that it has full authority
to enter this Agreement and perform the duties assumed hereunder, and that the
persons signing this Agreement on behalf of each party have the authority to
bind that party.

i. This Agreement may be executed in counterparts, which, taken together, shall
constitute the Agreement.

j. This Agreement shall be governed by the laws of the State of New York,
without giving effect to conflicts of law principles.

k. The section headings contained in this Agreement are solely for the purpose
of reference, are not part of the Agreement of the parties and shall not in any
way affect the meaning or interpretation of this Agreement.

IN WITNESS WHEREOF, Symbol Technologies, Inc. and Jerome Swartz have signed and
acknowledged this Settlement Agreement as of the day and year written above.

                                          SYMBOL TECHNOLOGIES, INC.

                                          By: /s/ WILLIAM R. NUTI
                                            ------------------------------------
                                          Name: William R. Nuti
                                              ----------------------------------
                                          (Please Print)

                                          Title: Pres./CEO
                                             -----------------------------------

                                                    /s/ JEROME SWARTZ
                                          --------------------------------------
                                                      Jerome Swartz

                                        6

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