Document:

EX-10.1

EXHIBIT 10.1

RETENTION AGREEMENT

THIS RETENTION AGREEMENT (the “Agreement”), entered into on August 26, 2005 and
effective as of August 26, 2005 (the “Effective Date”), is made by and between Symbol
Technologies, Inc., a Delaware corporation (the “Company”), and Salvatore Iannuzzi (the
“Executive”). Capitalized terms not otherwise defined herein shall have the meanings set
forth in Section 16.

RECITALS:

A. The Executive is a senior executive officer of the Company.

B. The Company and the Executive desire to enter into this agreement with respect to the
Executive’s continued services with the Company.

NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements set forth below, the parties hereto agree as follows:

1. Base Salary. Effective as of August 1, 2005, the Executive’s base salary shall be
payable at the rate of $650,000 per year and shall be payable pursuant to the Company’s customary
payroll practices and procedures.

2. Retention Payment. As of January 31, 2006, the Company shall pay to the Executive
a lump-sum retention payment (the “Retention Payment”) in an amount equal to the
Executive’s annual base salary as in effect as of the Effective Date; provided,
however, that, subject to Section 6, no such Retention Payment shall be payable to the
Executive unless the Executive remains continuously employed by the Company during the period
beginning on the Effective Date and ending on January 31, 2006.

3. Additional Payments. In consideration for the Executive’s agreement to serve as
the Company’s interim Chief Executive Officer, to use his best efforts to advance the interests of
the Company and to facilitate the successful transition of the Subsequent Chief Executive Officer,
the Company shall pay the Executive $62,500 per month for each month beginning August, 2005 and
ending March, 2006, such payments to be made pursuant to the Company’s customary payroll practices
and procedures; provided, however, that if the Executive’s employment with the
Company is terminated by the Executive without Good Reason prior to the date that all payments are
made pursuant to this Section 3, then no further payments shall be made by the Company following
the Date of Termination; and, provided, further, that if the Executive’s employment
with the Company is terminated by the Company without Cause or by the Executive for Good Reason
prior to the date that all payments are made pursuant to this Section 3, then as soon as reasonably
practicable following the Date of Termination all payments described in this Section 3 that have
not been made on or prior to the Date of Termination shall be made to the Executive in the form of
a single lump sum payment.

4. Restricted Stock

(a) As of the Effective Date, the Company shall award to the Executive 50,000 shares of
restricted stock upon substantially similar terms and conditions as set forth in the May LTIP
Restricted Stock Agreement. The restricted stock award described in this Section 4(a) shall be
evidenced by a written restricted stock award agreement by and between the Company and the
executive which agreement shall be substantially identical to the May LTIP Restricted Stock
Agreement (such agreement, together with the May LTIP Restricted Stock Agreement, shall be
collectively referred to herein as the “LTIP Restricted Stock Agreements”).

(b) Notwithstanding anything contained in the LTIP Restricted Stock Agreements to the
contrary, any Tranche A Awards (as defined in the LTIP Restricted Stock Agreements) set forth in
the LTIP Restricted Stock Agreements shall vest and all restrictions with respect to such Tranche A
Awards shall lapse on October 1, 2005; provided, however, that, subject to Section
6, the Tranche A Awards shall not vest unless the Executive remains continuously employed by the
Company during the period beginning on the Effective Date and ending on October 1, 2005.

5. Deferred Compensation Plan. As of the initial effective date of the Deferred
Compensation Plan, the Company shall credit $300,000 to the Executive’s bookkeeping account under
the Deferred Compensation Plan, which amount shall be fully vested as of the initial effective date
of the Deferred Compensation Plan. For the avoidance of doubt, the Company and the Executive
acknowledge and agree the amount credited to the Executive’s Deferred Compensation Plan account
pursuant to this Section 5 shall be in addition to any amounts credited to the Executive’s Deferred
Compensation Plan account in connection with the “sign-on bonus” credits approved by the Company in
April 2005.

6. Certain Terminations of Employment. If the Executive’s employment is terminated by
the Company without Cause or by the Executive for Good Reason at any time during the Termination
Period, then (subject to the Executive’s entering into a separation and release agreement in the
Company’s customary form) as of the Date of Termination (a) the Company shall pay to the Executive
(i) the Retention Payment set forth in Section 2 (to the extent not previously paid) and (ii) a
lump-sum amount equal to the sum of (A) the Executive’s annual base salary as in effect as of the
Effective Date and (B) the Executive’s target-level annual bonus for the fiscal year in which the
Effective Date occurs and (b) notwithstanding anything to the contrary in the LTIP Restricted Stock
Agreements, any and all unvested shares of LTIP Restricted Stock then held by the Executive shall
become fully vested and all restrictions with respect to such shares of LTIP Restricted Stock shall
lapse.

7. Change in Control. In addition to any payments or benefits that the Executive may
be entitled to under the Change in Control Policy (and notwithstanding anything to the contrary in
the Change in Control Policy or the LTIP Restricted Stock Agreements), (a) if the Executive’s
employment is terminated by the Company without Cause or by the Executive for Good Reason on the
date of the consummation of the Change in Control or during the three month period following the
date of such Change in Control, then as of the date of such termination (i) any and all unvested
shares of LTIP Restricted Stock then held by the Executive shall become fully vested and all
restrictions with respect to such shares of LTIP Restricted Stock shall lapse and (ii) the Company
shall pay to the Executive the Retention Payment set forth in Section 2 (to the extent not
previously paid); and (b) if the Executive’s employment is terminated by the Company without Cause
or by the Executive for Good Reason during the three month period prior to the date of the
consummation of the Change in Control, then immediately prior to such Change in Control (i) any and
all unvested shares of LTIP Restricted Stock then held by the Executive shall become fully vested
and all restrictions with respect to such shares of LTIP Restricted Stock shall lapse and (ii) the
Company shall pay to the Executive the Retention Payment set forth in Section 2 (to the extent not
previously paid).

8. Offsets. The Company and the Executive acknowledge and agree that any payments
made by the Company to the Executive pursuant to Section 6(a)(ii) shall offset, on a
dollar-for-dollar basis, any payments that the Executive may otherwise later become entitled to
receive pursuant to (a) the Change in Control Policy or (b) any other severance plan, policy,
program or arrangement maintained by the Company. Conversely, any payments made by the Company to
the Executive pursuant to (x) the Change in Control Policy or (y) any other severance plan, policy,
program or arrangement maintained by the Company shall offset, on a dollar-for-dollar basis, any
payments that the Executive may otherwise later become entitled to receive pursuant to Section
6(a)(ii). For the avoidance of doubt, the parties acknowledge and agree that each share of LTIP
Restricted Stock may become vested pursuant to Section 4, Section 6(b) or Section 7, but not
pursuant to more than any one Section, and that the Retention Payment may be paid pursuant to
Section 2 or Section 7, but not both.

9. Certain Restrictive Covenants

(a) The Executive shall not, at any time during his employment with the Company or during the
six-month period immediately following the Date of Termination (the “Restricted Period”)
directly or indirectly engage in, have any equity interest in, or manage or operate (whether as a
director, officer, employee, agent, representative, security holder, consultant or otherwise) any
Competitive Business; provided, however, that, notwithstanding the foregoing, the
restrictions set forth in this Section 9(a) shall not apply following a Change in Control; and,
provided, further, that the Executive shall be permitted to acquire a passive stock
or equity interest in such a Competitive Business provided the stock or other equity interest
acquired is not more than five percent (5%) of the outstanding interest in such a Competitive
Business.

(b) The Executive shall not, at any time during the Restricted Period, directly or indirectly
hire any employee of the Company or otherwise recruit, solicit or induce any employee, director,
consultant, wholesale customer, vendor, supplier, lessor or lessee of the Company to terminate his
or its employment or arrangement with the Company or otherwise change its relationship with the
Company, or establish any relationship with the Executive (or any entity employing the Executive or
to whom the Executive provides consulting or similar services) for any business purpose.

(c) The Executive shall not disparage the Company, any of its products or practices, or any of
its directors, officers, or employees, whether orally, in writing or otherwise, at any time.
Notwithstanding the foregoing, nothing in this Section 9(c) shall limit the ability of the
Executive to provide truthful testimony as required by law or any judicial or administrative
process.

(d) The Executive expressly acknowledges and agrees that the agreements and covenants
contained in this Section 9 are reasonable. In the event, however, that any agreement or covenant
contained in this Section 9 shall be determined by any court of competent jurisdiction to be
unenforceable by reason of its extending for too great a period of time or over too great a
geographical area or by reason of its being too extensive in any other respect, it will be
interpreted to extend only over the maximum period of time for which it may be enforceable, and/or
over the maximum geographical area as to which it may be enforceable and/or to the maximum extent
in all other respects as to which it may be enforceable, all as determined by such court in such
action.

(e) As used in this Section 9, the term “Company” shall include the Company and any of
its Affiliates or direct or indirect subsidiaries.

10. Specific Performance. It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Section 9 will cause irreparable damage to the Company and its
goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the
remedies at law for any such breach will be inadequate. Accordingly, the parties agree that in the
event a party breaches any covenant contained in Section 9 the other party will be entitled to
specific performance and injunctive relief.

11. Claw-Back. In the event that the Executive’s employment is terminated by the
Company without Cause or by the Executive for Good Reason at any time during the Termination Period
and subsequently the Executive violates any of the covenants set forth in Section 9, the Executive
shall, in addition to any other remedy which may be available pursuant to Section 10, be required
to immediately repay to the Company any amounts previously paid to the Executive by the Company
pursuant to Section 6(a)(ii) (and the Company shall not be required to make any payment to the
Executive pursuant to Section 6(a)(ii) if it has not done so prior to the date of such violation).
Notwithstanding the foregoing, in the event of any such termination of employment this Section 11
shall not require the Executive to repay any amounts previously paid to the Executive by the
Company pursuant to Section 6(a)(i) (Retention Payment) or with respect to Section 6(b) (Restricted
Stock).

12. Entire Agreement; Amendment. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter described in this Agreement and supersedes
all prior agreements, understandings and arrangements, both oral and written, between the parties
with respect to such subject matter. This is not an agreement to employ the Executive for any
period of time. This Agreement may not be modified, amended, altered or rescinded in any manner,
except by written instrument signed by both of the parties hereto; provided,
however, that the waiver by either party of a breach or compliance with any provision of
this Agreement shall not operate nor be construed as a waiver of any subsequent breach or
compliance. The Company and the Executive acknowledge and agree that in the event of any conflict
between this Agreement and the LTIP Restricted Stock Agreements, the provisions of this Agreement
will supersede any conflicting provisions in the LTIP Restricted Stock Agreements.

13. Severability. In case any one or more of the provisions of this Agreement shall
be held by any court of competent jurisdiction or any arbitrator selected in accordance with the
terms hereof to be illegal, invalid or unenforceable in any respect, such provision shall have no
force and effect, but such holding shall not affect the legality, validity or enforceability of any
other provision of this Agreement.

14. Dispute Resolution and Arbitration. In the event that any dispute arises between
the Company and the Executive regarding or relating to this Agreement and/or any aspect of the
Executive’s employment relationship with the Company, AND IN LIEU OF LITIGATION AND A TRIAL BY
JURY, the parties consent to resolve such dispute through mandatory arbitration in Suffolk County,
New York under the then prevailing rules of the Judicial Arbitration and Mediation Services
(“JAMS”), before a single arbitrator mutually agreed to by the parties, or, if an
arbitrator has not been agreed upon by the 60th day of the demand for arbitration by
either party, appointed by JAMS. The parties hereby consent to the entry of judgment upon award
rendered by the arbitrator in any court of competent jurisdiction. Notwithstanding the foregoing,
however, should adequate grounds exist for seeking immediate injunctive or immediate equitable
relief, any party may seek and obtain such relief. The parties hereby consent to the exclusive
jurisdiction in the state and Federal courts of or in the State of New York for purposes of seeking
such injunctive or equitable relief as set forth above. The parties acknowledge and agree that in
connection with any such arbitration and regardless of outcome (a) each party shall pay all its own
costs and expenses, including without limitation its own legal fees and expenses, and (b) joint
expenses shall be borne equally among the parties. Notwithstanding the foregoing, the arbitrator
may cause the losing party to pay to the winning party (each as determined by the arbitrator
consistent with its decision on the merits of the arbitration) an amount equal to any reasonable
out-of-pocket costs and expenses incurred by the winning party with respect to such arbitration (as
may be equitably determined by the arbitrator).

15. Choice of Law. The Executive and the Company intend and hereby acknowledge that
jurisdiction over disputes with regard to this Agreement, and over all aspects of the relationship
between the parties hereto, shall be governed by the laws of the State of New York without giving
effect to its rules governing conflicts of laws.

16. Certain Definitions

(a) “Affiliate” shall mean with respect to any person or entity, any other person or
entity directly or indirectly, through one or more intermediaries, controlling, controlled by, or
under common control with, such person or entity. For purposes of this Section 16(a), “control”
shall have the meaning given such term under Rule 405 of the Securities Act of 1933, as amended.

(b) “Board” shall mean the Board of Directors of the Company.

(c) “Cause”: The Company may terminate the Executive’s employment for Cause upon (i)
the Executive’s failure to perform his duties as Senior Vice President, Chief Administrative and
Financial Officer (other than any such failure resulting from the Executive’s physical or mental
incapacity) which is not remedied within 30 days after receipt of written notice from the Company
specifying such failure; (ii) the Executive’s failure to carry out, or comply with, in any material
respect any lawful and reasonable written directive of the Board or the Subsequent Chief Executive
Officer or the Executive’s willful violation of the Company’s Statement of Corporate Policy and
Code of Conduct, in either case which is not remedied within 30 days after receipt of written
notice from the Company specifying such failure or violation; (iii) the Executive’s indictment for,
conviction of, or plea of no contest to, or imposition of unadjudicated probation for any felony
(or any other crime involving fraud, embezzlement, misappropriation or moral turpitude), other than
as a result of vicarious liability or as a result of a traffic violation; (iv) the Executive’s
unlawful use (including being under the influence) or possession of illegal drugs on the Company’s
premises or while performing the Executive’s duties and responsibilities; (v) the Executive’s
intentional commission at any time of any act of fraud, embezzlement, misappropriation, or breach
of fiduciary duty against the Company; or (vi) the Executive’s violation of any restrictive
covenant set forth in Section 9.

(d) “Change in Control” shall have the meaning set forth in the Change in Control
Policy.

(e) “Change in Control Policy” shall mean the Company’s Senior Executive Change in
Control Policy, effective as of May 9, 2005, as it may be amended from time to time.

(f) “Company” shall, except as otherwise provided in Section 9, have the meaning set
forth in the preamble hereto.

(g) “Competitive Business” shall mean (i) NCR Corporation and all subsidiaries or
other Affiliates thereof and (ii) any entity (which term “entity” shall for purposes of this
Section 16(g) include any subsidiaries, parent entities or other Affiliates thereof) that, as of
the Date of Termination, competes with any of the businesses of the Company. Notwithstanding the
foregoing, at any time during the Restricted Period, the Executive may request in writing to the
Board that the Board consent to the Executive’s direct or indirect engagement in, ownership of
equity interest in, or management or operation of (whether as a director, officer, employee, agent,
representative, security holder, consultant or otherwise) any Competitive Business, which request
the Board shall consider in good faith based upon the Board’s reasonable determination of the
potential impact of the Executive’s involvement in such Competitive Business on the Company and its
stockholders. If the Executive believes that the Board would benefit from any additional
information or if the Executive has any issues or questions regarding any action taken or to be
taken by the Board in connection with Section 9, then the Board and the Executive (along with any
respective representatives) shall meet and discuss any such issues or questions and the Executive
shall be permitted to present the Board with any relevant information that the Executive deems
appropriate and the Board and the Executive shall act in good faith to address all outstanding
issues and questions while protecting the interests of the Company and its stockholders.

(h) Date of Termination” shall mean the effective date of the Executive’s termination
of employment with the Company.

(i) “Deferred Compensation Plan” shall mean a deferred compensation plan to be adopted
by the Company with terms and conditions to be determined by the Board in its sole discretion.

(j) “Executive” shall have the meaning set forth in the preamble hereto.

(k) “Good Reason”: The Executive may terminate his employment with the Company for
Good Reason upon the occurrence of any of the following without the Executive’s prior written
consent (i) failure of the Company during the Termination Period to enter into an employment
agreement with the Executive providing for the Executive’s continued employment with the Company in
a position not less senior than Vice Chairman of the Company; (ii) a material diminution in the
nature or scope of the Executive’s employment responsibilities, duties or authority or the
assignment to the Executive of duties or responsibilities that are materially and adversely
inconsistent with his then position; (iii) failure of the Company to timely make any material
payment or provide any material benefit to which the Executive is legally entitled; (iv) a material
reduction by the Company of the Executive’s compensation and benefits as in effect as of the
Effective Date; (v) relocation of the Company’s executive offices more than 60 miles west, or 20
miles in any other direction of its current location; (vi) the Company’s material breach of this
Agreement; or (vii) failure of the Executive to report directly to the Board and/or the Subsequent
Chief Executive Officer; provided, however, that notwithstanding the foregoing the
Executive shall not have Good Reason to resign his employment unless: (x) the Executive provides
the Company with at least 30 days prior written notice of his intent to resign for Good Reason
(which notice is provided not later than the 90th day following the occurrence of the event
constituting Good Reason) and (y) the Company does not remedy the alleged violation(s) within such
30-day period.

(l) “LTIP Restricted Stock” shall mean the restricted shares of the Company’s common
stock, par value $0.01 per share, evidenced by the LTIP Restricted Stock Agreements.

(m) “LTIP Restricted Stock Agreements” shall have the meaning set forth in Section
4(a).

(n) “May LTIP Restricted Stock Agreement” shall mean that certain Restricted Stock
Agreement entered into by and between the Company and the Executive as of May 9, 2005 and attached
hereto as Exhibit A, as it may be amended from time to time.

(o) “Restricted Period” shall have the meaning set forth in Section 9(a).

(p) “Retention Payment” shall have the meaning set forth in Section 2.

(q) “Subsequent Chief Executive Officer” means the first Chief Executive Officer
(other than William R. Nuti or the Executive) to commence employment with the Company following the
Effective Date.

(r) “Termination Period” shall mean the 90-day period immediately following the date
that the Subsequent Chief Executive Officer commences his or her employment with the Company.

17. Construction. The section headings contained in this Agreement are for reference
purposes only and shall not affect in any manner the meaning or interpretation of this Agreement.
Any references to sections, subsections, paragraphs or subparagraphs are to those parts of this
Agreement, unless the context clearly indicates otherwise.

18. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute one and the
same instrument.

19. Withholding. The Company shall be entitled to withhold from any amounts payable
under this Agreement any federal, state, local or foreign withholding or other taxes or charges
which the Company is required to withhold. The Company shall be entitled to rely on an opinion of
counsel if any questions as to the amount or requirement of withholding shall arise.

[signature page follows]

1

IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written.

SYMBOL TECHNOLOGIES, INC.

	 	 	 
	By:

Its:

	 	/s/ Robert J. Chrenc

Chairman of the Board
	
 
	 	 

	 	 	 	EXECUTIVE

/s/ Salvatore Iannuzzi

	 	 	 	Salvatore Iannuzzi

2EX-10.2

EXHIBIT 10.2

RETENTION AGREEMENT

THIS RETENTION AGREEMENT (the “Agreement”), entered into on August      , 2005 and
effective as of August 26, 2005 (the “Effective Date”), is made by and between Symbol
Technologies, Inc., a Delaware corporation (the “Company”), and      (the
“Executive”). Capitalized terms not otherwise defined herein shall have the meanings set
forth in Section 13.

RECITALS:

A. The Executive is a senior executive officer of the Company.

B. The Company and the Executive desire to enter into this agreement with respect to the
Executive’s continued services with the Company.

NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements set forth below, the parties hereto agree as follows:

1. Retention Payment. As of January 31, 2006, the Company shall pay to the Executive
a lump-sum retention payment (the “Retention Payment”) in an amount equal to the
Executive’s annual base salary as in effect as of the Effective Date; provided,
however, that, subject to Section 3, no such Retention Payment shall be payable to the
Executive unless the Executive remains continuously employed by the Company during the period
beginning on the Effective Date and ending on January 31, 2006.

2. LTIP Restricted Stock. Notwithstanding anything contained in the LTIP Restricted
Stock Agreement to the contrary, the Tranche A Award (as defined in the LTIP Restricted Stock
Agreement) set forth in the LTIP Restricted Stock Agreement shall vest and all restrictions with
respect to the Tranche A Award shall lapse on October 1, 2005; provided, however,
that, subject to Section 3, the Tranche A Award shall not vest unless the Executive remains
continuously employed by the Company during the period beginning on the Effective Date and ending
on October 1, 2005.

3. Certain Terminations of Employment. If the Executive’s employment is terminated by
the Company without Cause or by the Executive for Good Reason at any time during the Termination
Period, then (subject to the Executive’s entering into a separation and release agreement in the
Company’s customary form) as of the Date of Termination (a) the Company shall pay to the Executive
(i) the Retention Payment set forth in Section 1 (to the extent not previously paid) and (ii) a
lump-sum amount equal to the sum of (A) the Executive’s annual base salary as in effect as of the
Effective Date and (B) the Executive’s target-level annual bonus for the fiscal year in which the
Effective Date occurs and (b) notwithstanding anything to the contrary in the LTIP Restricted Stock
Agreement, any and all unvested shares of LTIP Restricted Stock then held by the Executive shall
become fully vested and all restrictions with respect to such shares of LTIP Restricted Stock shall
lapse.

4. Change in Control. In addition to any payments or benefits that the Executive may
be entitled to under the Change in Control Policy (and notwithstanding anything to the contrary in
the Change in Control Policy or the LTIP Restricted Stock Agreement), (a) if the Executive’s
employment is terminated by the Company without Cause or by the Executive for Good Reason on the
date of the consummation of the Change in Control or during the three month period following the
date of such Change in Control, then as of the date of such termination (i) any and all unvested
shares of LTIP Restricted Stock then held by the Executive shall become fully vested and all
restrictions with respect to such shares of LTIP Restricted Stock shall lapse and (ii) the Company
shall pay to the Executive the Retention Payment set forth in Section 1 (to the extent not
previously paid); and (b) if the Executive’s employment is terminated by the Company without Cause
or by the Executive for Good Reason during the three month period prior to the date of the
consummation of the Change in Control, then immediately prior to such Change in Control (i) any and
all unvested shares of LTIP Restricted Stock then held by the Executive shall become fully vested
and all restrictions with respect to such shares of LTIP Restricted Stock shall lapse and (ii) the
Company shall pay to the Executive the Retention Payment set forth in Section 1 (to the extent not
previously paid).

5. Offsets. The Company and the Executive acknowledge and agree that any payments
made by the Company to the Executive pursuant to Section 3(a)(ii) shall offset, on a
dollar-for-dollar basis, any payments that the Executive may otherwise later become entitled to
receive pursuant to (a) the Change in Control Policy or (b) any other severance plan, policy,
program or arrangement maintained by the Company. Conversely, any payments made by the Company to
the Executive pursuant to (x) the Change in Control Policy or (y) any other severance plan, policy,
program or arrangement maintained by the Company shall offset, on a dollar-for-dollar basis, any
payments that the Executive may otherwise later become entitled to receive pursuant to Section
3(a)(ii). For the avoidance of doubt, the parties acknowledge and agree that each share of LTIP
Restricted Stock may become vested pursuant to Section 2, Section 3(b) or Section 4, but not
pursuant to more than any one Section, and that the Retention Payment may be paid pursuant to
Section 1 or Section 4, but not both.

6. Certain Restrictive Covenants

(a) The Executive shall not, at any time during his employment with the Company or during the
six-month period immediately following the Date of Termination (the “Restricted Period”)
directly or indirectly engage in, have any equity interest in, or manage or operate (whether as a
director, officer, employee, agent, representative, security holder, consultant or otherwise) any
Competitive Business; provided, however, that, notwithstanding the foregoing, the
restrictions set forth in this Section 6(a) shall not apply following a Change in Control; and,
provided, further, that the Executive shall be permitted to acquire a passive stock
or equity interest in such a Competitive Business provided the stock or other equity interest
acquired is not more than five percent (5%) of the outstanding interest in such a Competitive
Business.

(b) The Executive shall not, at any time during the Restricted Period, directly or indirectly
hire any employee of the Company or otherwise recruit, solicit or induce any employee, director,
consultant, wholesale customer, vendor, supplier, lessor or lessee of the Company to terminate his
or its employment or arrangement with the Company or otherwise change its relationship with the
Company, or establish any relationship with the Executive (or any entity employing the Executive or
to whom the Executive provides consulting or similar services) for any business purpose.

(c) The Executive shall not disparage the Company, any of its products or practices, or any of
its directors, officers, or employees, whether orally, in writing or otherwise, at any time.
Notwithstanding the foregoing, nothing in this Section 6(c) shall limit the ability of the
Executive to provide truthful testimony as required by law or any judicial or administrative
process.

(d) The Executive expressly acknowledges and agrees that the agreements and covenants
contained in this Section 6 are reasonable. In the event, however, that any agreement or covenant
contained in this Section 6 shall be determined by any court of competent jurisdiction to be
unenforceable by reason of its extending for too great a period of time or over too great a
geographical area or by reason of its being too extensive in any other respect, it will be
interpreted to extend only over the maximum period of time for which it may be enforceable, and/or
over the maximum geographical area as to which it may be enforceable and/or to the maximum extent
in all other respects as to which it may be enforceable, all as determined by such court in such
action.

(e) As used in this Section 6, the term “Company” shall include the Company and any of
its Affiliates or direct or indirect subsidiaries.

7. Specific Performance. It is recognized and acknowledged by the Executive that a
breach of the covenants contained in Section 6 will cause irreparable damage to the Company and its
goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the
remedies at law for any such breach will be inadequate. Accordingly, the parties agree that in the
event a party breaches any covenant contained in Section 6 the other party will be entitled to
specific performance and injunctive relief.

8. Claw-Back. In the event that the Executive’s employment is terminated by the
Company without Cause or by the Executive for Good Reason at any time during the Termination Period
and subsequently the Executive violates any of the covenants set forth in Section 6, the Executive
shall, in addition to any other remedy which may be available pursuant to Section 7, be required to
immediately repay to the Company any amounts previously paid to the Executive by the Company
pursuant to Section 3(a)(ii) (and the Company shall not be required to make any payment to the
Executive pursuant to Section 3(a)(ii) if it has not done so prior to the date of such violation).
Notwithstanding the foregoing, in the event of any such termination of employment this Section 8
shall not require the Executive to repay any amounts previously paid to the Executive by the
Company pursuant to Section 3(a)(i) (Retention Payment) or with respect to Section 3(b) (LTIP
Restricted Stock).

9. Entire Agreement; Amendment. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter described in this Agreement and supersedes
all prior agreements, understandings and arrangements, both oral and written, between the parties
with respect to such subject matter. This is not an agreement to employ the Executive for any
period of time. This Agreement may not be modified, amended, altered or rescinded in any manner,
except by written instrument signed by both of the parties hereto; provided,
however, that the waiver by either party of a breach or compliance with any provision of
this Agreement shall not operate nor be construed as a waiver of any subsequent breach or
compliance. The Company and the Executive acknowledge and agree that in the event of any conflict
between this Agreement and the LTIP Restricted Stock Agreement, the provisions of this Agreement
will supersede any conflicting provisions in the LTIP Restricted Stock Agreement.

10. Severability. In case any one or more of the provisions of this Agreement shall
be held by any court of competent jurisdiction or any arbitrator selected in accordance with the
terms hereof to be illegal, invalid or unenforceable in any respect, such provision shall have no
force and effect, but such holding shall not affect the legality, validity or enforceability of any
other provision of this Agreement.

11. Dispute Resolution and Arbitration. In the event that any dispute arises between
the Company and the Executive regarding or relating to this Agreement and/or any aspect of the
Executive’s employment relationship with the Company, AND IN LIEU OF LITIGATION AND A TRIAL BY
JURY, the parties consent to resolve such dispute through mandatory arbitration in Suffolk County,
New York under the then prevailing rules of the Judicial Arbitration and Mediation Services
(“JAMS”), before a single arbitrator mutually agreed to by the parties, or, if an
arbitrator has not been agreed upon by the 60th day of the demand for arbitration by
either party, appointed by JAMS. The parties hereby consent to the entry of judgment upon award
rendered by the arbitrator in any court of competent jurisdiction. Notwithstanding the foregoing,
however, should adequate grounds exist for seeking immediate injunctive or immediate equitable
relief, any party may seek and obtain such relief. The parties hereby consent to the exclusive
jurisdiction in the state and Federal courts of or in the State of New York for purposes of seeking
such injunctive or equitable relief as set forth above. The parties acknowledge and agree that in
connection with any such arbitration and regardless of outcome (a) each party shall pay all its own
costs and expenses, including without limitation its own legal fees and expenses, and (b) joint
expenses shall be borne equally among the parties. Notwithstanding the foregoing, the arbitrator
may cause the losing party to pay to the winning party (each as determined by the arbitrator
consistent with its decision on the merits of the arbitration) an amount equal to any reasonable
out-of-pocket costs and expenses incurred by the winning party with respect to such arbitration (as
may be equitably determined by the arbitrator).

12. Choice of Law. The Executive and the Company intend and hereby acknowledge that
jurisdiction over disputes with regard to this Agreement, and over all aspects of the relationship
between the parties hereto, shall be governed by the laws of the State of New York without giving
effect to its rules governing conflicts of laws.

13. Certain Definitions

(a) “Affiliate” shall mean with respect to any person or entity, any other person or
entity directly or indirectly, through one or more intermediaries, controlling, controlled by, or
under common control with, such person or entity. For purposes of this Section 13(a), “control”
shall have the meaning given such term under Rule 405 of the Securities Act of 1933, as amended.

(b) “Board” shall mean the Board of Directors of the Company.

(c) “Cause”: The Company may terminate the Executive’s employment for Cause upon (i)
the Executive’s failure to perform his duties as      (other
than any such failure resulting from the Executive’s physical or mental incapacity) which is not
remedied within 30 days after receipt of written notice from the Company specifying such failure;
(ii) the Executive’s failure to carry out, or comply with, in any material respect any lawful and
reasonable written directive of the Board or the Company’s Chief Executive Officer (or interim
Chief Executive Officer) or the Executive’s willful violation of the Company’s Statement of
Corporate Policy and Code of Conduct, in either case which is not remedied within 30 days after
receipt of written notice from the Company specifying such failure or violation; (iii) the
Executive’s indictment for, conviction of, or plea of no contest to, or imposition of unadjudicated
probation for any felony (or any other crime involving fraud, embezzlement, misappropriation or
moral turpitude), other than as a result of vicarious liability or as a result of a traffic
violation; (iv) the Executive’s unlawful use (including being under the influence) or possession of
illegal drugs on the Company’s premises or while performing the Executive’s duties and
responsibilities; (v) the Executive’s intentional commission at any time of any act of fraud,
embezzlement, misappropriation, or breach of fiduciary duty against the Company; or (vi) the
Executive’s violation of any restrictive covenant set forth in Section 6.

(d) “Change in Control” shall have the meaning set forth in the Change in Control
Policy.

(e) “Change in Control Policy” shall mean the Company’s Senior Executive Change in
Control Policy, effective as of May 9, 2005, as it may be amended from time to time.

(f) “Company” shall, except as otherwise provided in Section 6, have the meaning set
forth in the preamble hereto.

(g) “Competitive Business” shall mean (i) NCR Corporation and all subsidiaries or
other Affiliates thereof and (ii) any entity (which term “entity” shall for purposes of this
Section 13(g) include any subsidiaries, parent entities or other Affiliates thereof) that, as of
the Date of Termination, competes with any of the businesses of the Company. Notwithstanding the
foregoing, at any time during the Restricted Period, the Executive may request in writing to the
Board that the Board consent to the Executive’s direct or indirect engagement in, ownership of
equity interest in, or management or operation of (whether as a director, officer, employee, agent,
representative, security holder, consultant or otherwise) any Competitive Business, which request
the Board shall consider in good faith based upon the Board’s reasonable determination of the
potential impact of the Executive’s involvement in such Competitive Business on the Company and its
stockholders. If the Executive believes that the Board would benefit from any additional
information or if the Executive has any issues or questions regarding any action taken or to be
taken by the Board in connection with Section 6, then the Board and the Executive (along with any
respective representatives) shall meet and discuss any such issues or questions and the Executive
shall be permitted to present the Board with any relevant information that the Executive deems
appropriate and the Board and the Executive shall act in good faith to address all outstanding
issues and questions while protecting the interests of the Company and its stockholders.

(h) Date of Termination” shall mean the effective date of the Executive’s termination
of employment with the Company.

(i) “Executive” shall have the meaning set forth in the preamble hereto.

(j) “Good Reason”: The Executive may terminate his employment with the Company for
Good Reason upon the occurrence of any of the following without the Executive’s prior written
consent (i) failure of the Company to continue the Executive in the position of, and with the title
of,      ; (ii) a material diminution in the nature or
scope of the Executive’s employment responsibilities, duties or authority or the assignment to the
Executive of duties or responsibilities that are materially and adversely inconsistent with his
then position; (iii) failure of the Company to timely make any material payment or provide any
material benefit to which the Executive is legally entitled; (iv) a material reduction by the
Company of the Executive’s compensation and benefits as in effect as of the Effective Date; (v)
relocation of the Company’s executive offices more than 60 miles west, or 20 miles in any other
direction of its current location; (vi) the Company’s material breach of this Agreement; or (vii)
failure of the Executive to continue to report directly to the Company’s Chief Executive Officer;
provided, however, that notwithstanding the foregoing the Executive shall not have
Good Reason to resign his employment unless: (x) the Executive provides the Company with at least
30 days prior written notice of his intent to resign for Good Reason (which notice is provided not
later than the 90th day following the occurrence of the event constituting Good Reason) and (y) the
Company does not remedy the alleged violation(s) within such 30-day period.

(k) “LTIP Restricted Stock” shall mean the restricted shares of the Company’s common
stock, par value $0.01 per share, evidenced by the LTIP Restricted Stock Agreement.

(l) “LTIP Restricted Stock Agreement” shall mean that certain Restricted Stock
Agreement entered into by and between the Company and the Executive as of      , 20     and attached
hereto as Exhibit A, as it may be amended from time to time.

(m) “Restricted Period” shall have the meaning set forth in Section 6(a).

(n) “Retention Payment” shall have the meaning set forth in Section 1.

(o) “Subsequent Chief Executive Officer” means the first Chief Executive Officer
(other than William R. Nuti or any interim Chief Executive Officer) to commence employment with the
Company following the Effective Date.

(p) “Termination Period” shall mean the 90-day period immediately following the date
that the Subsequent Chief Executive Officer commences his or her employment with the Company. 

14. Construction. The section headings contained in this Agreement are for reference
purposes only and shall not affect in any manner the meaning or interpretation of this Agreement.
Any references to sections, subsections, paragraphs or subparagraphs are to those parts of this
Agreement, unless the context clearly indicates otherwise.

15. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute one and the
same instrument.

16. Withholding. The Company shall be entitled to withhold from any amounts payable
under this Agreement any federal, state, local or foreign withholding or other taxes or charges
which the Company is required to withhold. The Company shall be entitled to rely on an opinion of
counsel if any questions as to the amount or requirement of withholding shall arise.

1

IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written.

SYMBOL TECHNOLOGIES, INC.

By:

Its:

EXECUTIVE

[Name]

2

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