Symantec 2011 Annual Report Download - page 36
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Please find page 36 of the 2011 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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•Method of Exercise: The option exercise price is typically payable in cash or by check, but may also be
payable, at the discretion of the Compensation Committee, in other forms of consideration.
•Termination of Employment: Options cease vesting on the date of termination of service or death of the
participant. Options granted under the plan generally expire three months after the termination of the
optionee’s service to Symantec or a parent or subsidiary of Symantec, except in the case of death or
disability, in which case the options generally may be exercised up to 12 months following the date of death
or termination of service. However, if the optionee is terminated for cause, the optionee’s options expire
upon termination of employment.
Corporate Transactions. In the event of a change of control of Symantec (as defined in the plan), the buyer
may either assume the outstanding awards or substitute equivalent awards. In the event the buyer fails to assume or
substitute awards issued under the plan, all awards will expire upon the closing of the transaction.
Term and Amendment of the Plan. The plan was terminated in September 2004, except that outstanding
options granted thereunder will remain in place for the term of such options.
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