50 of the Top 250 law firms use our Products every day
SYMANTEC CORPORATION
2000 DIRECTOR EQUITY INCENTIVE PLAN, AS AMENDED
1. Purpose. The purpose of this Symantec
Corporation 2000 Directors Equity Incentive Plan (the
“Plan”) is to provide members of the Board of Directors
(the “Board”) of Symantec Corporation (the
“Company”) with an opportunity to receive Common Stock
of the Company for all or a portion of the retainer payable to each
Director of the Company (the “Retainer”).
2. Stock
Issuance. Subject to the approval of this Plan by the Stockholders
of the Company, any or all of the Retainer payable to each Director
of the Company, currently set at $50,000 per year, may be payable
in the form of an award of unrestricted, fully-vested shares of
Common Stock of the Company (the “Stock”).
3. Election by Directors. Each Director
shall, at the first meeting of the Board held after Stockholder
approval of this Plan and thereafter at the first meeting of the
Board held in each fiscal year beginning with fiscal year 2002,
elect to receive up to all of the Retainer payable to such Director
in the form of Stock. Each Director shall specify what portion,
from 0% to 100%, of the Retainer shall be paid to such Director in
Stock; provided, that if no election is made by a Director at such
meeting, such Director shall be deemed to have elected to receive
50% of the Retainer in Stock.
4. Amount
of Stock. The number of shares of Stock to
|
