Symantec 2011 Annual Report Download - page 164

negotiated agreements with its subsidiaries, each of which cover different countries or regions. Each of these
agreements is separately negotiated and is independent of any other contract (such as a master distribution
agreement), and these agreements are not based on the same form of contract. In fiscal 2009 one reseller, Digital
River, accounted for 10% of our total net revenue.
Note 11. Employee Benefits and Stock-Based Compensation
401(k) plan
We maintain a salary deferral 401(k) plan for all of our domestic employees. This plan allows employees to
contribute up to 50% of their pretax salary up to the maximum dollar limitation prescribed by the Internal Revenue
Code. We match 50% of the employee’s contribution. The maximum match in any given plan year is 3% of the
employees’ eligible compensation, up to $6,000. Our contributions under the plan were $22 million, $22 million,
and $20 million in fiscal 2011, 2010, and 2009, respectively.
Stock purchase plans
2008 Employee Stock Purchase Plan
In September 2008, our stockholders approved the 2008 Employee Stock Purchase Plan (“2008 ESPP”) and
reserved 20 million shares of common stock for issuance thereunder. In September 2010, the 2008 ESPP was
amended by our stockholders to increase the shares available for issuance thereunder by 20 million. As of April 1,
2011, 9 million shares have been issued under this plan and 31 million shares remained available for issuance under
the 2008 ESPP.
Subject to certain limitations, our employees may elect to have 2% to 10% of their compensation withheld
through payroll deductions to purchase shares of common stock under the 2008 ESPP. Employees purchase shares
of common stock at a price per share equal to 85% of the fair market value on the purchase date at the end of each
six-month purchase period.
2002 Executive Officers’ Stock Purchase Plan
In September 2002, our stockholders approved the 2002 Executive Officers’ Stock Purchase Plan and reserved
250,000 shares of common stock for issuance thereunder. The purpose of the plan is to provide executive officers
with a means to acquire an equity interest in Symantec at fair market value by applying a portion or all of their
respective bonus payments towards the purchase price. As of April 1, 2011, 40,401 shares have been issued under
the plan and 209,599 shares remained available for future issuance. Shares reserved for issuance under this plan
have not been adjusted for stock dividends.
Stock award plans
2000 Director Equity Incentive Plan
In September 2000, our stockholders approved the 2000 Director Equity Incentive Plan and reserved
50,000 shares of common stock for issuance thereunder. Stockholders increased the number of shares of stock
that may be issued by 50,000 in both September 2004 and September 2007. The purpose of this plan is to provide the
members of the Board of Directors with an opportunity to receive common stock for all or a portion of the retainer
payable to each director for serving as a member. Each director may elect any portion up to 100% of the retainer to
be paid in the form of stock. As of April 1, 2011, a total of 116,049 shares have been issued under this plan and
33,951 shares remained available for future issuance.
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)