Symantec 2015 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2015 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.

Page out of 174

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

Scott C. Taylor
The following table summarizes the value of the payouts to Mr. Taylor pursuant to the Symantec Executive
Retention Plan and the Symantec Executive Severance Plan, assuming a qualifying termination as of April 3,
2015:
Severance
Pay
COBRA
Premiums
Option
Vesting RSU Vesting
PRU
Vesting
Involuntary Termination Because of Market
Conditions or Division Performance ........ $871,541 $ 619,239
Termination Without Cause or Constructive
Termination Within 12 Months of a Change of
Control ............................... $977,500 $2,547,733 $1,857,765
Termination Without Cause ................. $871,541 $ 619,239
Termination Due to Death or Disability ....... $ 619,239
Francis C. Rosch
The following table summarizes the value of the payouts to Mr. Rosch pursuant to the Symantec Executive
Retention Plan and the Symantec Executive Severance Plan, assuming a qualifying termination as of April 3, 2015:
Severance
Pay
COBRA
Premiums
Option
Vesting RSU Vesting
PRU
Vesting
Involuntary Termination Because of Market
Conditions or Division Performance ....... $717,423 — — — $ 587,769
Termination Without Cause or Constructive
Termination Within 12 Months of a Change
of Control ........................... $792,000 $12,625 $3,165,567 $1,763,353
Termination Without Cause ............... $717,423 — — — $ 587,769
Termination Due to Death or Disability ...... — — — $ 587,769
Former officer:
Stephen E. Gillett
The following table summarizes the value of payouts to Mr. Gillett in accordance with the Symantec Execu-
tive Retention Plan and the Symantec Executive Severance Plan in connection with his involuntary termination.
He received a cash severance payment equal to one year’s annual base salary, 75% of his target FY15 Executive
Annual Incentive Plan bonus, reimbursement of COBRA premiums for 12 months, and six months of outplace-
ment services.
Severance
Pay
COBRA
Premiums
Option
Vesting
RSU
Vesting PRU Vesting
Involuntary Termination ...................... $1,435,682 $22,901 $1,079,767
60