Opciones De Compra De Un Contrato Ejecutivo De Empleo

EL BANCO DE NUEVA YORK MELLON CORPORATION El Banco de Nueva York Mellon Corporation Plan de Incentivo a Largo Plazo FORMA DE ACUERDO DE OPCION DE ACUERDO SIN STATUTORY El Banco de Nueva York Mellon Corporation (el 147Corporation148) y. Un empleado clave (el 147Optionee148) de la Corporación, en consideración de los pactos y acuerdos aquí contenidos y con la intención de estar legalmente obligados por el presente, acuerdan lo siguiente: SECCIÓN 1: Subvención 1.1 Concesión de la Opción. Sujeto a los términos y condiciones establecidos en este Contrato de Opción de Compra de Acciones No Tituladas (este Acuerdo 147) ya los términos del Plan de Incentivo a Largo Plazo del Banco de Nueva York Mellon Corporation (el Plan 147), la Corporación otorga al Opcionista una opción de compra de acciones (El 147Option148) para comprar acciones de las acciones ordinarias de la Corporación146, valor nominal 0.01, (la 147Common Stock148) de la Corporación a un precio por acción (el 147Option Price148), que es el Valor de Mercado Justo de las acciones de Common Stock Cubiertos por la Opción en (la Fecha de Giro148). Los términos en mayúsculas no definidos en el presente documento tendrán el significado establecido en el Plan. 1.2 Aceptación. El Titular de la Opción acepta la concesión de la Opción confirmada por el presente y acepta estar obligado por los términos y disposiciones de este Acuerdo y el Plan, ya que el Acuerdo y el Plan pueden ser enmendados de tiempo en tiempo siempre que ninguna alteración, enmienda , La revocación o la terminación del Contrato o el Plan, sin el consentimiento por escrito del Titular de la Opción, afectará adversamente los derechos del Opcionable con respecto a la Opción. SECCIÓN 2: Vesting, Exercise and Expiration 2.1 Vesting. Sujeto a las Secciones 3 y 4.8 de este Contrato, la Opción se otorgará y se podrá ejercitar en cuotas anuales a lo largo de un período de consolidación de cuatro años de acuerdo con el siguiente esquema de consolidación: 1/4 de la Opción se devengará al primer aniversario de la Subvención Fecha en que un 1/4 adicional de la Opción se otorgará a partir del segundo aniversario de la Fecha de la Subvención, un 1/4 adicional de la Opción será otorgado al tercer aniversario de la Fecha de la Subvención y un 1/4 adicional de la Opción Siempre que el Titular de Opción sea empleado por la Corporación en dicho aniversario, con todas las fracciones de acciones, en su caso, redondeadas y adquiridas como acciones enteras en la fecha de adquisición anterior. 147Corporación, 148 cuando se usa aquí con referencia al empleo del Titular de Opciones, incluirá cualquier Afiliado de la Corporación. En la medida en que sea adquirida, la Opción podrá ejercitarse total o parcialmente desde la fecha de adquisición hasta la Fecha de Vencimiento de la Opción, según se define en la Sección 2.3 de esta Ley, sujeto a los límites establecidos en la Sección 3. 2.2 Ejercicio. Esta opción será ejercida por el partícipado entregando a la División de Compensación Corporativa del Departamento de Recursos Humanos de la Corporación (i) este Contrato firmado por el Titular de Opción, (ii) una notificación escrita (incluyendo electrónica) especificando el número de acciones que el (Iii) un cheque pagadero a la orden de la Corporación, que puede incluir el efectivo enviado a través del corredor u otro programa patrocinado por el patrocinador o programa de financiamiento aprobado por la Corporación y / o acciones, o certificación de propiedad de acciones , De Acciones Comunes iguales en valor al Precio de Opción agregado de dichas acciones y / o una instrucción del Titular de Opciones que ordene a la Corporación retener acciones de Acciones Comunes que de otra manera se recibirían al ejercitar esta Opción (sujeto a cualquier restricción sobre la propiedad anterior de dichas acciones O un número equivalente de acciones impuesto por la Corporación), y (iv) una potencia accionaria ejecutada en blanco para cualquier acción ordinaria entregada o retenida de acuerdo con la cláusula (iii) de este documento. Las acciones ordinarias entregadas, certificadas o retenidas en el ejercicio de esta Opción estarán sujetas a los términos y condiciones impuestas por el Comité y serán valuadas a la fecha y por los medios prescritos por los procedimientos de la Corporación vigentes en el momento de Tal ejercicio y de acuerdo con los términos del Plan. Tan pronto como sea posible después de cada ejercicio de esta Opción y el cumplimiento por el Titular de Opción con todas las condiciones aplicables, la Corporación acreditará el número de acciones ordinarias, si las hubiere, que el Titular de la Opción tiene derecho a recibir en dicho ejercicio bajo las disposiciones de este Acuerdo a una cuenta de registro en cuenta en el nombre de Optionee146s. 2.3 Expiración. La Opción expirará y dejará de poder ejercitarse en la primera de las fechas siguientes: (i) el último día de negociación inmediatamente anterior al diez aniversario de la Fecha de la Subvención o, si es anterior, (ii) la fecha de cancelación prevista en la Sección (El primero de los incisos i) y ii) se refiere como la Fecha de Vencimiento de la Expiración148) o (b) la fecha de vencimiento prevista en la Sección 3. SECCIÓN 3: Terminación del Empleo y Discapacidad 3.1 Terminación del Empleo. (un general . Si el empleo de Optionee146s con la Corporación es terminado, esta Opción expirará en la Fecha de Terminación, excepto como se establece en las Secciones 3.2 o 3.3 de este documento. (B) Significado de los términos. Tal como se utiliza en el presente Acuerdo, (i) se entenderá la fecha en que el Titular de la Opción deja de prestar servicios como empleado de la Corporación, sin consideración de vacaciones acumuladas, indemnizaciones u otros beneficios o su caracterización en los registros de nómina de la Corporación Y (ii) 147 Fecha de Separación de la Pérdida148 significa el último día para el cual el Beneficiario de Opción recibe la retribución de salario o pago de separación / transición de la Corporación, si la hubiere, sin consideración de cualquier período durante el cual se retrasará la recepción de pagos para evitar la imposición de impuestos adicionales Bajo la Sección 409A del Código de Rentas Internas de 1986, según enmendado (el 147Code148). Si el Titular de Opción no recibe la continuidad del salario o la paga de separación / transición de la Corporación, la Fecha de Separación de la Nómina será la misma fecha que la Fecha de Terminación. 3.2 Terminación de Empleo Especificada. (A) Terminación sin Causa. Si el empleo de Optionee146 es terminado por la Corporación 147 sin causa148, tal como se define en la Sección 3.5 (e) del Plan, la porción no adquirida de la Opción expirará en la Fecha de Terminación y el Titular de la Opción tendrá 30 días (I) si el titular de la opción tiene derecho a beneficios bajo el Plan de Separación de la Corporación Financiera Mellon / El Banco de Nueva York, Inc. Plan de Separación / El Banco de Nueva York El Plan de Separación de Mellon Corporation, entonces en vigor (y dicho plan no estipula de otro modo los períodos de ejercicio de derechos de cobro y de ejercicio para las opciones de compra de acciones) o tiene derecho a pago de separación / transición, la parte no adquirida de la Opción expirará en la Fecha de Separación de Nómina y (Ii) si el titular de la Opción tiene derecho a beneficios bajo el Plan de Separación de la Compañía del Banco de Nueva York, Inc. y dicho plan prevé los períodos de ejercicio y de ejercicio de derechos adquiridos Las opciones de compra de acciones y los períodos de ejercicio descritos en dicho plan se aplicarán siempre que, además, la Opción no pueda extenderse más allá de la Fecha de Expiración de la Opción. Terminación sin Causa / Descarga Constructiva. Si el empleo de Optionee146 es terminado (i) por la Corporación sin 147Cause148, según lo definido en o (ii) por el Optionee para 147 descarga constructiva, 148 como se definió en. Esta Opción se convertirá automáticamente en totalmente ejercible y el Titular de la Opción tendrá derecho a ejercer esta Opción hasta la Fecha de Vencimiento de la Opción. (B) Terminación después de la satisfacción de la edad y criterios de servicioRetirement: (i) 55 150 60 años. Si la Fecha de Separación de la Nómina ocurre en o después de la obtención de la edad de 55 años antes de los 60 años de edad, la Opción continuará adquiriendo como se establece en la Sección 2.1 de este documento hasta la Fecha de Separación de la Nómina y el Opcionario tendrá tres años Fecha para ejercer la parte de la Opción que fue adquirida a dicha fecha (o, si antes, hasta la Fecha de Expiración de la Opción). Si el empleo de Optionee146 con la Corporación se termina por motivo de jubilación con el consentimiento de la Corporación, esta Opción se convertirá automáticamente en totalmente ejercible en la Fecha de Terminación y el Titular de la Opción tendrá derecho a ejercer esta Opción hasta la Fecha de Expiración de Opción. (Ii) En la medida en que no se aplique el inciso (b) (i) de la Subsección 3.2, si el empleo del Titular de Opciones con la Corporación es terminado y 60 150 65 años. Si la Fecha de Separación de la Nómina ocurre en o después de la obtención de los 60 años de edad, pero antes de la edad de 65 años, la Opción continuará adquiriendo como se establece en la Sección 2.1 de este documento durante el período de cinco años después de la Fecha de Separación de la Nómina, Años siguientes a la Fecha de Separación de la Nómina para ejercer la Opción en la medida en que sea o sea adquirida durante dicho período (o, si antes, hasta la Fecha de Expiración de la Opción). (Iii) En la medida en que no se aplique el inciso (b) (i) de la Subsección 3.2, si el empleo del Titular de Opciones con la Corporación es terminado y 65 años o más. Si la Fecha de Separación de la Nómina ocurre en o después de la obtención de la edad de 65 años, esta Opción se convertirá automáticamente en totalmente ejercible en la Fecha de Terminación (o, si el Titular de Opción no ha cumplido 65 años en la Fecha de Terminación, Cumpla los 65 años de edad) y el titular de la opción tendrá siete años después de la fecha de separación de la nómina para ejercer la opción adquirida con opción de opción (o si antes, hasta la fecha de vencimiento de la opción). (C) Venta de Unidad de Negocio o Subsidiaria. Si el empleo de Optionee146s con la Corporación es terminado por la Corporación debido a la venta de una unidad de negocios o subsidiaria de la Corporación por la cual se emplea el Optionee, y el Optionee no es desplazado / separado de acuerdo con el Programa de Desplazamiento de Mellon Financial Corporation Plan de Separación del Banco de Nueva York, Inc. o el Plan de Separación del Banco de Nueva York Mellon, entonces vigente, o de otra manera con derecho a pago de transición / separación, en la Fecha de Terminación cualquier Opción no adquirida será adquirida pro-rata Igual a (i) el número de meses completos y fraccionarios a partir de la Fecha de la Donación hasta la Fecha de Terminación (sin consideración de cualquier retraso en la adquisición bajo la Sección 3.4), dividido por (ii) 48 meses, multiplicado por (iii) El número total de acciones sujetas a la Opción, con dicho resultado reducido por (iv) el número de acciones sujetas a la Opción que ya fueron adquiridas a la Fecha de Terminación y el resto de la Opción expirará inmediatamente. En tal caso, el Titular de la Opción tendrá dos años después de la Fecha de Terminación para ejercer la Opción que fue o llegó a ser adquirida a la Fecha de Terminación (o si antes, hasta la Fecha de Expiración de la Opción). D) Muerte. Si el Titular de la Opción muere mientras sea empleado por la Corporación, o dentro de un período posterior a la terminación del empleo durante el cual esta Opción permanezca ejercible, la parte restante no adquirida de esta Opción será automáticamente ejercitable y el ejecutor o administrador de la La persona o las personas a quienes el Titular de la Opción haya transferido tal derecho por testamento o por las leyes de ascendencia y distribución tendrán dos años después de la fecha de la muerte para ejercer la Opción adquirida (o si antes, hasta la Fecha de Expiración de la Opción) Para ejercer esta Opción hasta la Fecha de Vencimiento de la Opción. (E) Cambio en el control. Si el empleo de Optionee146 es terminado por la Corporación 147 sin causa, 148 como se define en la Sección 3.5 (e) del Plan, dentro de los dos años después de un Cambio de Control que ocurra después de la Fecha de la Subvención, Tienen un año después de la Fecha de Separación de la Nómina para ejercer la Opción de Opción de Opción (o si antes, hasta la Fecha de Vencimiento de la Opción) o dicho período más largo según lo dispuesto en la Sección 3.2 (a) de este. F) Derecho especial de terminación. Si el empleo de Optionee146 es terminado de acuerdo con los términos y condiciones del Derecho de Terminación Especial, tal como se define en. La parte no adquirida de la Opción se adquirirá completamente y será inmediatamente ejercible en la Fecha de Terminación y continuará pendiente y vigente durante (i) cinco años después de la Fecha de Terminación si dicha terminación ocurre en o después de la obtención de la edad de 55 años (Ii) tres años después de la Fecha de Terminación, si dicha terminación ocurre antes de que el Accionista obtenga la edad de 55 años (o, en ambos casos, si es anterior, hasta la Fecha de Vencimiento de la Opción). 3.3 Incapacidad. Esta Opción se adquirirá automáticamente y se convertirá en plenamente ejercible en el primer día para el cual el Beneficiario recibirá beneficios de incapacidad de largo plazo bajo el plan de incapacidad a largo plazo de la Corporación y el Opcionista tendrá dos años después de dicha fecha para ejercer la Opción Si antes, hasta la Fecha de Vencimiento de la Opción) el derecho de ejercer esta Opción hasta la Fecha de Vencimiento de la Opción. 3.4 Retraso en la Adquisición. Sin perjuicio de las disposiciones anteriores de esta Sección, cualquier adquisición bajo este Acuerdo que de otra manera ocurriría dentro de un año a partir de la Fecha de la Subvención se retrasará hasta el primer aniversario de la Fecha de la Subvención excepto en el caso de Obligación contractual anterior. SECCIÓN 4: Varios 4.1 No Derecho al Empleo. Ni la concesión de la Opción ni ninguna otra cosa contenida en este Acuerdo o en el Plan se considerará que limita o restringe el derecho de la Corporación a terminar el empleo de la Opción en cualquier momento, por cualquier razón, con o sin causa. 4.2 No transferible. Esta Opción no podrá ser transferida excepto por el Titular de la Opción al momento de su muerte. No se permitirá ninguna otra asignación o transferencia de esta Opción, ni de los derechos representados por ella, sea voluntaria o involuntaria, por ley o de otro modo, pero inmediatamente después de cualquier cesión o cesión esta Opción terminará y no tendrá más efecto. Durante la vida de la Opción, esta Opción sólo podrá ser ejercitada por el Titular de la Opción y, después de la muerte del Opcionista, la Opción permanecerá sujeta a cualquier restricción en el ejercicio y de otra manera como si estuviera en posesión del Titular de la Opción. Siempre que la palabra 147Optionee148 se use en cualquier disposición de esta Opción en circunstancias en que la disposición logicamente debe ser interpretada como aplicable a los ejecutores, los administradores u otras personas a quienes esta Opción puede ser transferida, se considerará que la palabra 147Optionee148 incluye a dicha persona O personas. 4.3 Ajuste. Esta Opción está sujeta a ajuste según lo dispuesto en el Artículo IX del Plan. 4.4 Cumplimiento de las Leyes. Sin perjuicio de cualquier otra disposición del presente Contrato, el Titular de Opciones conviene en que no ejercerá la Opción y que la Corporación no estará obligada a emitir acciones al Titular de Opciones en virtud del presente, si el ejercicio de las mismas o la emisión de dichas acciones constituyen un Violación por el Titular de Opciones o la Corporación de cualquier provisión de ley o regulación de cualquier autoridad gubernamental. Cualquier determinación a este respecto por parte del Comité será final, vinculante y concluyente. La Corporación en ningún caso estará obligada a registrar ningún valor en virtud de la Ley de Valores de 1933 (como la misma estará vigente de tiempo en tiempo) o tomar cualquier otra acción afirmativa para causar el ejercicio de la Opción o la Emisión de acciones conforme a las mismas para cumplir con cualquier ley o regulación de cualquier autoridad gubernamental. El Optionee entiende y acepta que, durante el período restringido del Tesoro de los Estados Unidos (147TARP148), los premios a cualquier persona que sea uno de los altos ejecutivos de la Corporación o uno de los empleados más altamente compensados ​​de la Corporación en virtud de la Ley de Recuperación y Reinversión de los Estados Unidos De 2009 (147ARRA148) pueden verse afectados por ARRA y las regulaciones que se puedan adoptar de acuerdo con ARRA. Como resultado, la Corporación puede reducir, retrasar la adquisición, revocar, cancelar, recuperar o imponer términos y condiciones diferentes, y / o pagar en una forma alternativa para cualquier individuo si la Corporación considera necesario o conveniente hacerlo en su A discreción exclusiva para cumplir con la Ley de Estabilización Económica de Emergencia de 2008, enmendada por ARRA u otra ley o regulación aplicable. Para evitar dudas, el Comprador entiende y acepta que si cualquier pago u otra obligación en virtud del presente Acuerdo o del Plan está en conflicto con o está restringido por cualquier ley federal, estatal o local u otra ley aplicable (incluyendo sin limitación , Cualquier reglamento e interpretación de los mismos), la Corporación podrá reducir, revocar, cancelar, recuperar o imponer términos y condiciones diferentes en la medida que considere necesaria o apropiada, a su entera discreción, para efectuar dicho cumplimiento. 4.5 El plan gobierna. Este es el Acuerdo de Adjudicación a que se hace referencia en la Sección 2.3 (b) del Plan. En la medida en que cualquier carta de oferta escrita y efectiva o contrato de empleo con el Titular de Opción contenga términos con respecto a los períodos de ejercicio de las opciones de compra de acciones que sean más favorables que las contenidas aquí, dichos términos se aplicarán como parte de este Contrato, El Titular de la Opción ha cumplido con los términos de dicha carta de oferta y / o acuerdo laboral. En el caso de cualquier inconsistencia entre las disposiciones de este Acuerdo y el Plan, el Plan regirá. Se puede obtener una copia del Plan de la División de Compensación Corporativa del Departamento de Recursos Humanos de la Corporación146. Ningún monto de los ingresos recibidos por un Titular de Opciones de acuerdo con este Acuerdo se considerará compensación para propósitos de cualquier plan de pensiones o jubilación, plan de seguro o cualquier otro plan de beneficios para empleados de la Corporación. 4.6 Opción de compra no-estatutaria. Las partes en el presente acuerdan que la Opción otorgada por este medio no es, y no debe ser interpretada como una opción de compra de acciones de incentivo bajo la Sección 422 del Código. 4.7 Retención de impuestos. En cada caso en que el Partícipe ejerza esta Opción en su totalidad o en parte, la Corporación notificará al Titular de la Opción el monto del impuesto de retención, si lo hubiere, requerido por las leyes federales y, en su caso, estatales y locales. A la recepción de dicha notificación, remitir la cantidad requerida a la Corporación o, de acuerdo con los reglamentos que el Comité pueda prescribir, elegir que la obligación de retención sea satisfecha en todo o en parte por la Corporación reteniendo la totalidad de las acciones ordinarias y el crédito Contra la obligación de retención. La obligación de la Corporación de emitir o conceder participaciones de crédito al Titular de Opción está supeditada a la satisfacción de la Opción por un monto suficiente para satisfacer cualquier requisito de impuestos federales, estatales, locales o de otro tipo. 4.8 Confiscación y Reembolso. Si: (a) durante el curso del empleo de la Opción con la Corporación o, si es más largo, el período durante el cual esta Opción está pendiente, el Comprador se involucra en una conducta o se descubre que el Comprador se involucró en una conducta que es materialmente adversa a la Intereses de la Corporación, incluyendo incumplimientos de las reglas o regulaciones de la Corporación, fraude o conducta que contribuyan a cualquier reajuste o irregularidad financiera (b) durante el curso del empleo de la Opción con la Corporación y, a menos que el Opcionable tenga obligaciones posteriores a la terminación O los derechos adeudados a la Corporación oa sus Afiliados de conformidad con un acuerdo individual establecido en la subsección (c) / (d) a continuación, durante un año a partir de entonces, el Titular de Opción se involucra en la solicitación y / o desviación de clientes o empleados y / ) Durante el curso del empleo de la Cooperativa con la Corporación, el Titular de Opciones se enfrenta a la Compañía o sus Afiliados o (c) / (d) después de la terminación del empleo de la Titular de Opción con la Corporación por cualquier motivo, con o sin causa, Optionee viola cualquier obligación o obligaciones posteriores a la terminación de servicio a la Corporación oa sus Afiliadas o cualquier acuerdo con la Corporación o sus Afiliadas, incluyendo, sin limitación, cualquier acuerdo laboral, acuerdo de confidencialidad u otro acuerdo que restrinja la conducta posterior a la contratación. Cualquier porción de esta Opción con respecto a las acciones aún no ejercidas y / o requerir el reembolso de cualquier acción (o su valor) o importes que hayan sido adquiridos por el ejercicio de la Opción. La Corporación tendrá la discreción exclusiva para determinar qué constituye tal conducta. El Comprador de Opciones acepta y reconoce además que el premio también está sujeto a la recuperación oa la devolución148 por parte de la Corporación bajo y de acuerdo con los términos de. 4.9 Ley aplicable. Este Contrato será interpretado y ejecutado de acuerdo con las leyes del Estado de Nueva York, con excepción de cualquier elección de las reglas de ley que piden la aplicación de leyes de otra jurisdicción. EN TESTIMONIO DE LO CUAL, las partes contratantes han firmado este Acuerdo a partir de la Fecha de Donación.50 de las 250 firmas de abogados usan nuestros Productos cada día b - Opción de Compra de Acciones. En la consideración adicional de los Servicios que serán rendidos bajo este Acuerdo, la Compañía otorgará al Ejecutivo una opción de compra de acciones no-estatutarias para comprar 100,000 acciones ordinarias de la Compañía que se renuevan anualmente durante un período de tres (3) años a partir de la fecha de concesión de dicha opción (Opción de compra). Los ejecutivos que tienen derecho a la opción de compra de acciones están condicionados a que los ejecutivos firmen el contrato de opción de compra de acciones de la Compañía, adjunto como Anexo B, y están sujetos a sus términos ya los términos del Plan de Incentivos de Acciones de 2004 Modificado y Reformulado. (El Plan de Acciones), y documentos relacionados adoptados por el Consejo, salvo que se disponga expresamente en el presente. El número de acciones sujetas a la Opción de compra de acciones se ajustará proporcionalmente a cualquier desdoblamiento de acciones ordinarias de la Compañía que ocurra antes de que se otorgue la Opción de compra de acciones. RealDealDocstrade ha categorizado estos documentos y los ha convertido en buscables utilizando la misma tecnología de RealPractice propietaria que se despliega en algunos de los bufetes de abogados más grandes del país, por lo que dispone de las mejores herramientas en cualquier lugar para aprovechar este producto de trabajo. Copia de Copyright 2016 RPCD Holdings LLC. Todos los derechos reservados. (Este 147Agreement148), fechado el 21 de agosto de 2012, (la 147Effective Date148) es hecho e incorporado por y entre Symantec Corporation, una corporación de Delaware (147Company148), y Steve Bennett (el 147Executive148) ). CONSIDERANDO que el Ejecutivo está actualmente empleado como Presidente y Director Ejecutivo de la Compañía y se espera que haga importantes contribuciones a la rentabilidad, crecimiento y solidez financiera a corto y largo plazo de la Compañía CONSIDERANDO QUE la Compañía ha determinado que los arreglos apropiados deben ser CONSIDERANDO QUE, en consideración al empleo del Ejecutivo con la Compañía, la Compañía desea brindar al Ejecutivo cierta compensación y beneficios como se establece en este Contrato para que Para mejorar el impacto financiero y profesional en el Ejecutivo en caso de que el empleo del Ejecutivo con la Compañía sea terminado por un motivo relacionado o no relacionado con un Cambio de Control (como se define más adelante) de la Compañía. CONSIDERANDO POR LO TANTO, en consideración de lo anterior y de los convenios y acuerdos mutuos que a continuación se establecen y con la intención de estar legalmente vinculados por este medio, la Compañía y el Ejecutivo acuerdan lo siguiente: 1. Ciertos Términos Definidos. Además de los términos definidos en otra parte del presente documento, los siguientes términos tienen los siguientes significados cuando se usan en este Acuerdo con letras mayúsculas iniciales: (a) 147Salario Base Anual148 significa la tasa anual de sueldos base del Ejecutivo, excluyendo bonos, comisiones y otros incentivos, En vigor inmediatamente anterior a la Fecha de Terminación del Ejecutivo. A partir de la Fecha Efectiva, el salario base anual del Ejecutivo es de 1.000.000. (B) 147Board148 significa el Consejo de Administración de la Sociedad. (C) 147Cobre148 significa: (i) un agravio intencional (excluyendo cualquier agravio relacionado con un vehículo de motor) que cause pérdidas, daños o perjuicios sustanciales a la propiedad oa la reputación de la Compañía o de sus subsidiarias; (ii) (Iii) la comisión de un delito grave que resulte en otro daño que no sea inmaterial para el negocio de la Compañía o para la reputación de la Compañía o Ejecutivo (iv) negligencia habitual de los deberes razonables del Ejecutivo (por una razón (V) el incumplimiento de las políticas escritas y materiales de la Compañía o de sus subsidiarias que causen una pérdida que no sea inmaterial, daños y perjuicios O daño a la propiedad o reputación de la Compañía o sus subsidiarias que no sea curado dentro de los diez (10) días después de la notificación por escrito de la Junta al Ejecutivo o (vi) cualquier incumplimiento sustancial de la obligación continua del Ejecutivo de no revelar información confidencial Y no para asignar la propiedad intelectual desarrollada durante el empleo que, si es capaz de ser curado, no se cura dentro de los diez (10) días después de la notificación por escrito de la misma al Consejo Ejecutivo. (D) 147Cambio en Control148 significa: (i) cualquier persona o entidad que se convierta en el beneficiario efectivo, directa o indirectamente, de valores de la Compañía que representen el 40 por ciento del total del poder de voto de todos sus valores en circulación vigentes en ese momento; Una fusión o consolidación de la Sociedad en la que sus valores con derecho a voto inmediatamente anteriores a la fusión o consolidación no representen o no se conviertan en valores que representen la mayoría del poder de voto de todos los valores con derecho a voto de la entidad superviviente inmediatamente después de la fusión O la consolidación (iii) la venta de la mayoría de los activos de la Compañía o la liquidación o disolución de la Compañía o (iv) las personas físicas que, a la fecha de la firma del presente Contrato, constituyan el Consejo de Administración Junta148) cesar por cualquier razón para constituir por lo menos una mayoría de dicho Directorio siempre que cualquier persona que se convierta en un director de la Compañía después de la fecha de la firma de este Acuerdo, cuya elección o designación para la elección por los accionistas de la Compañía, Aprobado por el voto de por lo menos una mayoría de los directores entonces en el cargo se considerará un miembro de la Junta titular. (E) 147COBRA148 significa la Ley General Consolidada de Reconciliación Presupuestaria de 1986, según enmendada. (F) 147Disabilidad148 significa (i) que el Ejecutivo ha sido incapacitado por lesiones corporales, enfermedades o enfermedades para evitar así el desempeño de las funciones del Ejecutivo (siempre que, sin embargo, la Compañía reconozca sus obligaciones de proporcionar un alojamiento razonable (Ii) dicha incapacidad total habrá continuado por un período de seis (6) meses consecutivos y (iii) dicha incapacidad será, en opinión de un médico cualificado, permanente y continua durante el resto De la vida del Ejecutivo. (G) 147Good Razón Terminación148 significa: (i) una disminución sustancial de la remuneración base o de la prima base del Ejecutivo inferior al monto a la fecha del presente Contrato o aumentada durante su empleo en la Compañía, excluyendo una o más reducciones (Total de no más de 20 en el agregado) generalmente aplicable a todos los altos ejecutivos, sin embargo, dicha exclusión no se aplicará si la disminución significativa en la compensación de base del Ejecutivo se produce dentro de (A) 60 días antes de la consumación de un Cambio en (B) doce (12) meses después de la fecha en la cual ocurre dicho Cambio de Control (ii) una disminución significativa en la autoridad, deberes o responsabilidades del Director Ejecutivo (Iii) el requisito de que el Ejecutivo informe a un funcionario o empleado corporativo de la Compañía en lugar de reportar directamente al Directorio (o si la Compañía tiene una sociedad matriz, un requisito de que el Ejecutivo informe a cualquier individuo o entidad que no sea el (Iv) una disminución significativa en el presupuesto sobre el cual el Ejecutivo retiene la autoridad (v) un cambio sustancial en la ubicación geográfica en la cual el Ejecutivo debe realizar los servicios o (vi) cualquier acción o inacción Que constituya un incumplimiento material por parte de la Compañía de este Contrato siempre que, para que el Poder Ejecutivo pueda terminar su empleo con la Compañía por razón de Buena Razón, deberá notificar la ocurrencia del suceso que constituye la Buena Razón y su deseo Para terminar su empleo con la Compañía a causa de tal dentro de los noventa (90) días siguientes a la existencia inicial de la condición que constituye la Buena Razón, y la Compañía debe tener un período de treinta (30) días después de recibir dicha notificación para curar la condición . Si la Sociedad no sanara el suceso que constituye la Buena Razón dentro de dicho período de treinta (30) días, la Fecha de Terminación del Ejecutivo será el día inmediatamente posterior al término de dicho período de treinta (30) días, a menos que la Sociedad disponga una Fecha de Terminación anterior . (B) 147 Bonificación por objetivo148 significa el pago objetivo (es decir, al 100% de cada una de las métricas aplicables en vigor de vez en cuando) bajo el Plan de Incentivo Ejecutivo Ejecutivo de la Compañía vigente para el Ejecutivo a la Fecha de Terminación. A partir de la Fecha Efectiva, el porcentaje de bono objetivo del Ejecutivo 146 bajo el Plan de Incentivo Anual Ejecutivo es 150 del salario base anual. (I) 147Terminación Fecha148 significa el último día de empleo del Ejecutivo con la Compañía. (J) 147Terminación de empleo148 significa la terminación de la relación laboral activa del ejecutivo con la Compañía. 2. Terminación no relacionada con un cambio de control. (A) Terminación involuntaria no relacionada con un cambio en el control. En caso de: (i) la terminación involuntaria del empleo por la Sociedad por cualquier motivo que no sea Causa, muerte o Incapacidad, o (ii) Renuncia del Ejecutivo por Buena Razón, y si la Sección 3 no se aplica, to the benefits provided in subsection (b) of this Section 2. (b) Compensation Upon Termination Unrelated to a Change in Control . Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 2 occurs, the Company shall provide Executive with the following, provided that Executive executes and does not revoke the Release (as defined in Section 5): (i) 1.5 times the sum of Annual Base Salary and Target Bonus , paid in a single lump sum cash payment on the sixtieth (60th) day following Executive146s Termination Date. (For purposes of this subsection (i), Annual Base Salary will mean the largest among the following: Executive146s annual base salary immediately prior to (A) Executive146s Termination Date, or (B) any reduction of Executive146s base salary described in the first clause of subsection (i) in the definition of Good Reason. For purposes of this subsection (i), Target Bonus will mean the largest among the following: Executive146s target bonus immediately prior to (A) Executive146s Termination Date, or (B) any reduction of Executive146s target bonus described in the first clause of subsection (i) in the definition of Good Reason.) (ii) For a period of up to eighteen (18) months following Executive146s Termination Date, Executive and where applicable, Executive146s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company146s medical plans in accordance with the terms of the applicable plan documents provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within 60 days following the date such monthly premium payment is due, an amount equal to the monthly COBRA premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this eighteen (18) month period that entitles him and his spouse and eligible dependents to comprehensive medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA premium for a particular month at any time during the eighteen (18) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). (iii) With respect to any outstanding Company stock options held by the Executive as of his Termination Date that are not vested and exercisable as of such date, the Company shall accelerate the vesting of that portion of the Executive146s stock options, if any, which would have vested and become exercisable within the eighteen (18) month period after the Executive146s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until the earlier of (A) a period of one year after the Executive146s Termination Date, or (B) the original term of the option. Except as provided in this Section 2(b)(iii) and in Section 3(b)(iii) below, any portion of Executive146s outstanding stock options that are not vested and exercisable as of Executive146s Termination Date shall terminate. (iv) With respect to any restricted stock units representing shares of Company common stock (147Restricted Stock Units148) held by the Executive that are unvested at the time of his Termination Date, the number of unvested Restricted Stock Units that would have vested within the eighteen (18) month period after the Executive146s Termination Date shall vest, and settle not later than sixty (60) days following the Termination Date. Except as provided in this Section 2(b)(iv) and in Section 3(b)(iv) below, any Restricted Stock Units that are not vested as of Executive146s Termination Date shall terminate. (v) Any amounts that have been accrued for the account of the Executive under the Company146s Long Term Incentive Plan (147LTIP148) that have not been released to the Executive as of the Termination Date shall be released to the executive, as applicable, in accordance with the terms of any applicable LTIP then in effect under the circumstances described therein as an involuntary termination other than for cause. (vi) With respect to any Performance-based Restricted Stock Units (147PRUs148) held by the Executive that have not been released to the Executive pursuant to the terms of the applicable Performance Based Restricted Share Unit Award Agreement (the 147PRU Agreement148) as of the Termination Date shall be treated in accordance with the terms of the applicable PRU Agreement as an involuntary termination other than for cause. (vii) With respect to any Performance Contingent Stock Units (147PCSUs148) held by the Executive that have not been released to the Executive pursuant to the terms of the applicable Performance Contingent Stock Unit Agreement (the 147PCSU Agreement148) as of the Termination Date shall be treated in accordance with the terms of the applicable PCSU Agreement as an involuntary termination other than for cause. (viii) Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 3. Termination Related to a Change in Control . (a) Involuntary Termination Relating to a Change in Control . In the event Executive146s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive146s Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 3. (b) Compensation Upon Involuntary Termination Relating to a Change in Control . Subject to the provisions of Section 5 hereof, in the event a termination described in subsection (a) of this Section 3 occurs, the Company shall provide that the following be paid to the Executive after his Termination Date, provided that Executive executes and does not revoke the Release: (i) 2.0 times the sum of Annual Base Salary and Target Bonus, paid in a single lump sum cash payment on the sixtieth (60th) day following Executive146s Termination Date. Notwithstanding the foregoing, to the extent Executive is entitled to receive the severance benefit payable pursuant to Section 2(b)(i) as a result of a qualifying termination prior to a Change in Control and then becomes entitled to receive the severance benefit payable pursuant to this Section 3 as a result of the Change in Control that was considered at the time of Executive146s Termination Date becoming consummated within sixty (60) days following Executive146s Termination Date, Executive shall not receive the severance benefit payable pursuant to Section 2(b)(i) of this Agreement, but instead shall receive the severance benefit payable pursuant to this Section 3(b)(i) on the sixtieth (60th) day following Executive146s Termination Date. (For purposes of this subsection (i), Annual Base Salary will mean the largest among the following: Executive146s annual base salary immediately prior to (A) Executive146s Termination Date, (B) any reduction of Executive146s base salary described in the first clause of subsection (i) in the definition of Good Reason, or (C) immediately prior to the Change in Control. For purposes of this subsection (i), Target Bonus will mean the largest among the following: Executive146s target bonus (A) immediately prior to Executive146s Termination Date, (B) immediately prior to any reduction of Executive146s target bonus described in the first clause of subsection (i) in the definition of Good Reason, (C) immediately prior to the Change in Control, or (d) for the fiscal year preceding the year in which the Change in Control.) (ii) For a period of up to twenty-four (24) months following Executive146s Termination Date, Executive and where applicable, Executive146s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company146s medical plans in accordance with the terms of the applicable plan documents provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within sixty (60) days following the date such monthly premium payment is due, an amount equal to the monthly COBRA (or, as applicable, other) premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this twenty-four (24) month period that entitles him and his spouse and eligible dependents to comprehensive medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA (or other) premium for a particular month at any time during the twenty-four (24) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the foregoing, to the extent Executive is entitled to receive the severance benefit provided pursuant to Section 2(b)(ii) of the Agreement as a result of a qualifying termination prior to a Change in Control, if Executive becomes entitled to receive the severance benefits payable pursuant to this Section 3 as a result of the Change in Control that was considered at the time of Executive146s Termination Date becoming consummated within sixty (60) days following Executive146s Termination Date, Executive shall be entitled to receive the severance benefit provided pursuant to this clause (ii) and not the benefit provided pursuant to Section 2(b)(ii). Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). (iii) With respect to any outstanding Company stock options held by the Executive as of his Termination Date, the Company shall fully accelerate the vesting and exercisability of such stock options, so that all such stock options shall be fully vested and exercisable as of Executive146s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until the earlier of (A) a period of one year after the Executive146s Termination Date, or (B) the original term of the option. Notwithstanding the foregoing, to the extent Executive is entitled to receive the vesting and exercisability acceleration provided pursuant to Section 2(b)(iii) of the Agreement as a result of a qualifying termination prior to a Change in Control, if Executive becomes entitled to receive the severance benefits payable pursuant to this Section 3 as a result of the Change in Control that was considered at the time of Executive146s Termination Date becoming consummated within sixty (60) days following Executive146s Termination Date, any outstanding stock options that did not become vested and exercisable pursuant to Section 2(b)(iii) shall become vested and exercisable as of the date of the Change in Control provided, however, if a Change in Control does not occur within sixty (60) days following Executive146s Termination Date, any stock options held by Executive that are not vested and exercisable shall terminate as of the sixtieth (60th) day following Executive146s Termination Date or the end of the term, if earlier. (iv) With respect to any Restricted Stock Units held by the Executive that are unvested at the time of his Termination Date, all such unvested Restricted Stock Units shall vest and settle not later than sixty (60) days following the Termination Date. Notwithstanding the foregoing, to the extent Executive is entitled to receive the vesting acceleration provided pursuant to Section 2(b)(iv) of the Agreement as a result of a qualifying termination prior to a Change in Control, if Executive becomes entitled to receive the severance benefits payable pursuant to this Section 3 as a result of the Change in Control that was considered at the time of Executive146s Termination Date becoming consummated within sixty (60) days following Executive146s Termination Date, any outstanding Restricted Stock Units that did not become vested pursuant to Section 2(b)(iv) shall become vested as of the date of the Change in Control provided, however, if a Change in Control does not occur within sixty (60) days following Executive146s Termination Date, any Restricted Stock Units held by Executive that are not vested shall terminate as of the sixtieth (60th) day following Executive146s Termination Date. (v) Any amounts that have been accrued for the account of the Executive under the LTIP that have not been released to the Executive as of the Termination Date shall be released to the executive, as applicable, in accordance with the terms of any applicable LTIP then in effect under the circumstances described therein as a 147Change of Control of the Company148 (as defined therein).With respect to any PRUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PRU Agreement as of the Termination Date shall be treated in accordance with the terms of the applicable PRU Agreement as a 147Change of Control of the Company148 (as defined therein). (vi) With respect to any PCSUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PCSU Agreement as of the Termination Date shall be treated in accordance with the terms of the applicable PCSU Agreement as a 147Change of Control of the Company148 (as defined therein). (vii) Executive shall receive any amounts earned, accrued or owing but not yet paid to Executive as of his Termination Date, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. (c) Consequence of a Change in Control . Notwithstanding the terms of the Symantec 2004 Executive Incentive Plan (the 1472004 Plan148), if, as of the date of a Change in Control, Executive holds stock options issued under the 2004 Plan that are not vested and exercisable, such stock options shall become fully vested and exercisable as of the date of the Change in Control if the acquirer does not agree to assume or substitute for equivalent stock options such outstanding stock options. 4. Termination of Employment on Account of Disability, Death, Cause or Voluntarily Without Good Reason . (a) Termination on Account of Disability . Notwithstanding anything in this Agreement to the contrary, if Executive146s employment terminates on account of Disability, Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers Executive, and Executive shall not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive executes and does not revoke the Release: (i) For a period of up to eighteen (18) months following Executive146s Termination Date, Executive and where applicable, Executive146s spouse and eligible dependents, will continue to be eligible to receive medical coverage under the Company146s medical plans in accordance with the terms of the applicable plan documents provided, that in order to receive such continued coverage at such rates, Executive will be required to pay the applicable premiums to the plan provider, and the Company will reimburse the Executive, within 60 days following the date such monthly premium payment is due, an amount equal to the monthly COBRA premium payment, less applicable tax withholdings. Notwithstanding the foregoing, if Executive obtains full-time employment during this eighteen (18) month period that entitles him and his spouse and eligible dependents to comprehensive medical coverage, Executive must notify the Company and no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. In addition, if Executive does not pay the applicable monthly COBRA premium for a particular month at any time during the eighteen (18) month period and coverage is lost as a result, no further reimbursements will be paid by the Company to the Executive pursuant to this subsection. Notwithstanding the above, if the Company determines in its sole discretion that it cannot provide the foregoing COBRA benefits without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable lump-sum payment in an amount equal to the monthly (or then remaining) COBRA premium that Executive would be required to pay to continue his group health coverage in effect on the Termination Date (which amount shall be based on the premium for the first month of COBRA coverage). (ii) With respect to any outstanding Company stock options held by the Executive as of his Termination Date that are not vested and exercisable as of such date, the Company shall fully accelerate the vesting and exercisability of such stock options, so that all such stock options shall be fully vested and exercisable as of the Executive146s Termination Date, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until the earlier of (A) a period of one year after the Executive146s Termination Date, or (B) the original term of the option. (iii) With respect to any Restricted Stock Units held by the Executive that are unvested at the time of his Termination Date, all such unvested Restricted Stock Units shall vest and settle not later than sixty (60) days following his Termination Date. (iv) Any amounts that have been accrued for the account of the Executive under the LTIP that have not been released to the Executive as of the Termination Date shall be released to the executive, as applicable, in accordance with the terms of any applicable LTIP then in effect under the circumstances described therein as a termination by reason of total and permanent disability. (v) With respect to any PRUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PRU Agreement as of the Termination Date shall be treated in accordance with the terms of the applicable PRU Agreement as a termination of employment by reason of total and permanent disability. (vi) With respect to any PCSUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PCSU Agreement as of the Termination Date shall be treated in accordance with the terms of the applicable PCSU Agreement as a termination of employment by reason of total and permanent disability. (b) Termination on Account of Death . Notwithstanding anything in this Agreement to the contrary, if Executive146s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive146s estate executes and does not revoke the Release: (i) With respect to any outstanding Company stock options held by the Executive as of his death that are not vested and exercisable as of such date, the Company shall fully accelerate the vesting and exercisability of such stock options, so that all such stock options shall be fully vested and exercisable as of the Executive146s death, such options (as well as any outstanding stock options that previously became vested and exercisable) to remain exercisable, notwithstanding anything in any other agreement governing such options, until the earlier of (A) a period of one year after the Executive146s death or (B) the original term of the option. (ii) With respect to any Restricted Stock Units held by the Executive that are unvested at the time of his death, all such unvested Restricted Stock Units shall vest and settle not later than sixty (60) days following his death. (iii) Any amounts that have been accrued for the account of the Executive under the LTIP that have not been released to the Executive as of his death shall be released to the executive, as applicable, in accordance with the terms of any applicable LTIP then in effect under the circumstances described therein as a termination by reason of death. (iv) With respect to any PRUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PRU Agreement as of his death shall be treated in accordance with the terms of the applicable PRU Agreement as a termination of employment by reason of death. (v) With respect to any PCSUs held by the Executive that have not been released to the Executive pursuant to the terms of the applicable PCSU Agreement as of his death shall be treated in accordance with the terms of the applicable PCSU Agreement as a termination of employment by reason of death. (c) Termination on Account of Cause . Notwithstanding anything in this Agreement to the contrary, if Executive146s employment terminates by the Company on account of Cause, Executive shall not receive benefits pursuant to Sections 2 and 3 hereof. (d) Termination on Account of Voluntary Resignation Without Good Reason . Notwithstanding anything in this Agreement to the contrary, if Executive146s employment terminates on account of a resignation by Executive for no reason or any reason other than on account of Good Reason, Executive shall not receive benefits pursuant to Sections 2 and 3 hereof. 5. Release . Notwithstanding the foregoing, no payments or other benefits under this Agreement shall be made unless Executive executes, and does not revoke, the Company146s standard written release , substantially in the form as attached hereto as Annex A, (the 147Release148), of any and all claims against the Company and all related parties with respect to all matters arising out of Executive146s employment by the Company (other than entitlements under the terms of this Agreement or under any other plans or programs of the Company in which Executive participated and under which Executive has accrued or become entitled to a benefit) or a termination thereof, with such release being effective not later than sixty (60) days following Executive146s Termination Date. 6. No Mitigation Obligation . Executive shall not be required to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for herein be reduced by any compensation earned by other employment or otherwise. 7. Employment Rights . Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company or any subsidiary prior to or following any Change in Control. 8. PRU Agreement . Notwithstanding the provisions of the PRU Agreement, Executive146s Conditional PRU Award for the Performance Period beginning in fiscal year 2012 and ending at the end of fiscal year 2014 shall be not less than 80,000 PRUs (capitalized terms used in this Section 8 but not defined herein shall have the meanings ascribed to them in the PRU Agreement). (a) Withholding of Taxes . The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling. (b) Parachute Excise Tax. In the event that any amounts payable under this Agreement or otherwise to Executive would (i) constitute 147parachute payments148 within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the 147Code148), or any comparable successor provisions and (ii) but for this Subsection (b) would be subject to the excise tax imposed by section 4999 of the Code or any comparable successor provisions (the 147Excise Tax148), then such amounts payable to Executive hereunder shall be either: (i) Provided to Executive in full or (ii) Provided to Executive to the maximum extent that would result in no portion of such benefits being subject to the Excise Tax whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax and any other applicable taxes, results in the receipt by Executive, on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Unless the Company and Executive otherwise agree in writing, any determination required under this Subsection (b) shall be made in writing in good faith by a nationally recognized accounting firm (the 147Accountants148). In the event of a reduction in benefits hereunder, the reduction of the total payments shall apply as follows, unless otherwise agreed in writing and such agreement is in compliance with section 409A of the Code: (i) any cash severance payments subject to Section 409A of the Code due under this Agreement shall be reduced, with the last such payment due first forfeited and reduced, and sequentially thereafter working from the next last payment, (ii) any cash severance payments not subject to Section 409A of the Code due under this Agreement shall be reduced, with the last such payment due first forfeited and reduced, and sequentially thereafter working from the next last payment (iii) any acceleration of vesting of any equity subject to Section 409A of the Code shall remain as originally scheduled to vest, with the tranche that would vest last (without any such acceleration) first remaining as originally scheduled to vest and (iv) any acceleration of vesting of any equity not subject to Section 409A of the Code shall remain as originally scheduled to vest, with the tranche that would vest last (without any such acceleration) first remaining as originally scheduled to vest. For purposes of making the calculations required by this Subsection (b), the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good-faith interpretations concerning the application of the Code and other applicable legal authority. The Company and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Subsection (b). The Company shall bear all costs that the Accountants may reasonably incur in connection with any calculations contemplated by this Subsection (b). If, notwithstanding any reduction described in this Subsection (b), the Internal Revenue Service (147IRS148) determines that Executive is liable for the Excise Tax as a result of the receipt of amounts payable under this Agreement or otherwise as described above, then Executive shall be obligated to pay back to the Company, within thirty (30) days after a final IRS determination or, in the event that Executive challenges the final IRS determination, a final judicial determination, a portion of such amounts equal to the Repayment Amount. The 147Repayment Amount148 with respect to the payment of benefits shall be the smallest such amount, if any, that is required to be paid to the Company so that Executive146s net after-tax proceeds with respect to any payment of benefits (after taking into account the payment of the Excise Tax and all other applicable taxes imposed on such payment) are maximized. The Repayment Amount with respect to the payment of benefits shall be zero if a Repayment Amount of more than zero would not result in Executive146s net after-tax proceeds with respect to the payment of such benefits being maximized. If the Excise Tax is not eliminated pursuant to this paragraph, Executive shall pay the Excise Tax. Notwithstanding any other provision of this Subsection (b), if (i) there is a reduction in the payment of benefits as described in this Subsection (b), (ii) the IRS later determines that Executive is liable for the Excise Tax, the payment of which would result in the maximization of Executive146s net after-tax proceeds (calculated as if Executive146s benefits had not previously been reduced), and (iii) Executive pays the Excise Tax, then the Company shall pay to Executive those benefits which were reduced pursuant to this Subsection (b) as soon as administratively possible after Executive pays the Excise Tax, so that Executive146s net after-tax proceeds with respect to the payment of benefits are maximized. 10. Term of Agreement . This Agreement shall continue in full force and effect until the third anniversary of the Effective Date (the 147Initial Term148), and shall automatically renew for additional one (1) year renewal periods (a 147Renewal Term148) if Executive is employed by the Company on the last day of the Initial Term and on each Renewal Term provided, however, that within the sixty (60) to ninety (90) day period prior to the expiration of the Initial Term or any Renewal Term, at its discretion, the Board may propose for consideration by Executive, such amendments to the Agreement as it deems appropriate. If Executive146s employment with the Company terminates during the Initial Term or a Renewal Term, this Agreement shall remain in effect until all of the obligations of the parties hereunder are satisfied or have expired. 11. Successors and Binding Agreement . (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the 147Company148 for the purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company. (b) This Agreement will inure to the benefit of and be enforceable by the Executive146s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees. This Agreement will supersede the provisions of any employment, severance or other agreement between the Executive and the Company that relate to any matter that is also the subject of this Agreement, and such provisions in such other agreements will be null and void. (c) This Agreement is personal in nature and neither of the parties hereto will, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 10(a) and 10(b). Without limiting the generality or effect of the foregoing, the Executive146s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the Executive146s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 10(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred or delegated. 12. Notices . For all purposes of this Agreement, all communications, including without limitation notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof orally confirmed), or five (5) business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as FedEx or UPS, addressed to the Company (to the attention of the Secretary of the Company) at its principal executive office and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address will be effective only upon receipt. 13. Section 409A of the Code . (a) Interpretation . Notwithstanding the other provisions hereof, this Agreement is intended to comply with the requirements of section 409A of the Code, to the extent applicable, and this Agreement shall be interpreted to avoid any penalty sanctions under section 409A of the Code. Accordingly, all provisions herein, or incorporated by reference, shall be construed and interpreted to comply with section 409A of the Code and, if necessary, any such provision shall be deemed amended to comply with section 409A of the Code and regulations thereunder. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under section 409A of the Code, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. Any amount payable under this Agreement that constitutes deferred compensation subject to section 409A of the Code shall be paid at the time provided under this Agreement or such other time as permitted under section 409A of the Code. No interest will be payable with respect to any amount paid within a time period permitted by, or delayed because of, section 409A of the Code. All payments to be made upon a termination of employment under this Agreement that are deferred compensation may only be made upon a 147separation from service148 under section 409A of the Code. For purposes of section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment. In no event may Executive, directly or indirectly, designate the calendar year of payment. (b) Payment Delay . To the maximum extent permitted under section 409A of the Code, the severance benefits payable under this Agreement are intended to comply with the 147short-term deferral exception148 under Treas. Reg. 1671.409A-1(b)(4), and any remaining amount is intended to comply with the 147separation pay exception148 under Treas. Reg. 1671.409A-1(b)(9)(iii) provided, however, any amount payable to Executive during the six (6) month period following Executive146s Termination Date that does not qualify within either of the foregoing exceptions and constitutes deferred compensation subject to the requirements of section 409A of the Code, then such amount shall hereinafter be referred to as the 147Excess Amount.148 If at the time of Executive146s separation from service, the Company146s (or any entity required to be aggregated with the Company under section 409A of the Code) stock is publicly-traded on an established securities market or otherwise and Executive is a 147specified employee148 (as defined in section 409A of the Code and determined in the sole discretion of the Company (or any successor thereto) in accordance with the Company146s (or any successor thereto) 147specified employee148 determination policy), then the Company shall postpone the commencement of the payment of the portion of the Excess Amount that is payable within the six (6) month period following Executive146s Termination Date with the Company (or any successor thereto) for six (6) months following Executive146s Termination Date with the Company (or any successor thereto). The delayed Excess Amount shall be paid in a lump sum to Executive within ten (10) days following the date that is six (6) months following Executive146s Termination Date with the Company (or any successor thereto). If Executive dies during such six (6) month period and prior to the payment of the portion of the Excess Amount that is required to be delayed on account of section 409A of the Code, such Excess Amount shall be paid to the personal representative of Executive146s estate within sixty (60) days after Executive146s death. (c) Reimbursements . All reimbursements provided under this Agreement shall be made or provided in accordance with the requirements of section 409A of the Code, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during Executive146s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the taxable year following the year in which the expense is incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for another benefit. Any tax gross up payments to be made hereunder shall be made not later than the end of Executive146s taxable year next following Executive146s taxable year in which the related taxes are remitted to the taxing authority. 14. Governing Law . The validity, interpretation, construction and performance of this Agreement will be governed by and construed in accordance with the substantive laws of the State of California, without giving effect to the principles of conflict of laws of such State. 15. Validity . If any provision of this Agreement or the application of any provision hereof to any person or circumstances is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstances will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. 16. Miscellaneous . No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made by either party that are not set forth expressly in this Agreement. References to Sections are to references to Sections of this Agreement. Any reference in this Agreement to a provision of a statute, rule or regulation will also include any successor provision thereto. 17. Board Membership . At each annual meeting of the Company146s stockholders prior to the Termination Date, the Company will nominate Executive to serve as a member of the Board. Executive146s service as a member of the Board will be subject to any required stockholder approval. Upon the termination of Executive146s employment for any reason, unless otherwise requested by the Board, Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and Executive, at the Board146s request, will execute any documents necessary to reflect his resignation. 18. Indemnification and DampO Insurance . Executive will be provided indemnification to the maximum extent permitted by the Company146s and its subsidiaries146 and affiliates146 Articles of Incorporation or Bylaws, including, if applicable, any directors and officers insurance policies, with such indemnification to be on terms determined by the Board or any of its committees, but on terms no less favorable than provided to any other Company executive officer or director and subject to the terms of any separate written indemnification agreement. 19. Employee Benefits . Executive will be eligible to participate in the Company employee benefit plans, policies and arrangements that are applicable to other executive officers of the Company, as such plans, policies and arrangements may exist from time to time and on terms at least as favorable as provided to any other executive officer of the Company. 20. No Duplication of Benefits . The benefits provided to Executive in this Agreement shall offset substantially similar benefits provided to Executive pursuant to another Company policy, plan or agreement (including without limitation the Symantec Corporation Executive Severance Plan and the Symantec Corporation Executive Retention Plan). 21. Survival . Notwithstanding any provision of this Agreement to the contrary, the parties146 respective rights and obligations under Sections 2 and 3, will survive any termination or expiration of this Agreement or the termination of the Executive146s employment for any reason whatsoever. 22. Counterparts . This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same agreement. IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the date first above written. RELEASE OF CLAIMS This Release of Claims (147Agreement148) is made by and between Symantec Corporation (147Symantec148) and Steve Bennett. WHEREAS, you have agreed to enter into a release of claims in favor of Symantec upon certain events specified in the Executive Employment Agreement by and between Symantec and you NOW, THEREFORE, in consideration of the mutual promises made herein, Symantec and you agree as follows: 1. Termination Date. This means the last day of your employment with Symantec. 2. Acknowledgement of Payment of Wages. You acknowledge that Symantec has paid you all accrued wages, salary, bonuses, accrued but unused vacation pay and any similar payment due and owing, with the exception of the payments and benefits owed to you under the Executive Employment Agreement and/or under any equity-based compensation awards. 3. Confidential Information. You hereby acknowledge that you are bound by all confidentiality agreements that you entered into with Symantec and/or any and all past and current parent, subsidiary, related, acquired and affiliated companies, predecessors and successors thereto (which agreements are incorporated herein by this reference), that as a result of your employment you have had access to the Confidential Information (as defined in such agreement(s)), that you will hold all such Confidential Information in strictest confidence and that you may not make any use of such Confidential Information on behalf of any third party. You further confirm that within five business days following the Termination Date you will deliver to Symantec all documents and data of any nature containing or pertaining to such Confidential Information and that you will not take with you any such documents or data or any reproduction thereof. 4. Release and Waiver of All Claims. You waive any limitation on this release under California Civil Code Section 1542 which provides that a general release does not extend to claims which a person does not know or suspect to exist in his favor at the time of executing the release which, if known, must have materially affected his/her decision to grant the release. In consideration of the benefits provided in this Agreement, you release Symantec, and any and all past, current and future parent, subsidiary, related and affiliated companies, predecessors and successors thereto, as well as their officers, directors, shareholders, agents, employees, affiliates, representatives, attorneys, insurers, successors and assigns, from any and all claims, liability, damages or causes of action whatsoever, whether known or unknown, which exist or may in the future exist arising from or relating to events, acts or omissions on or before the Effective Date of this Agreement, other than those rights which as a matter of law cannot be waived. You understand and acknowledge that this release includes, but is not limited to any claim for reinstatement, re-employment, damages, attorney fees, stock options, bonuses or additional compensation in any form, and any claim, including but not limited to those arising under tort, contract and local, state or federal statute, including but not limited to Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Post Civil War Civil Rights Act (42 U. S.C. 1981-88), the Equal Pay Act, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Vietnam Era Veterans Readjustment Assistance Act, the Fair Labor Standards Act, the Family Medical Leave Act of 1993, the Uniformed Services Employment and Re-employment Rights Act, the Employee Retirement Income Security Act of 1974, and the civil rights, employment, and labor laws of any state and any regulation under such authorities relating to your employment or association with Symantec or the termination of that relationship. You also acknowledge that you are waiving and releasing any rights you may have under the Age Discrimination in Employment Act (ADEA) and that this waiver and release is knowing and voluntary. You acknowledge that (1) you have been, and hereby are, advised in writing to consult with an attorney prior to executing this Agreement (2) as consideration for executing this Agreement, you have received additional benefits and compensation of value to which you would otherwise not be entitled, and (3) by signing this Agreement, you will not waive rights or claims under the Act which may arise after the execution of this Agreement and (4) you have twenty-one (21) calendar days within which to consider this Agreement and in the event you sign the Agreement prior to 21days, you do so voluntarily. Once you have accepted the terms of this Agreement, you will have an additional seven (7) calendar days in which to revoke such acceptance. To revoke, you must send a written statement of revocation to the Vice President of Human Resources. If you revoke within seven (7) days, you will receive no benefits under this Agreement. In the event you do not exercise your right to revoke this Agreement, the Agreement shall become effective on the date immediately following the seven-day (7) waiting period described above. This release does not waive any rights you may have under any directors and officers insurance or indemnity provision, agreement or policy in effect as of the Termination Date, nor does it affect vested rights you may have under any equity-based compensation plan, retirement plan, 401(k) plan or other benefits plan. 5. No Pending or Future Lawsuits. You represent that you have no lawsuits, claims, or actions pending in your name or on behalf of any other person or entity, against Symantec or any other person or entity referred to herein. You also represent that you do not intend to bring any claims on your own behalf or on behalf of any other person or entity against Symantec or any other person or entity referred to herein. 6. Resignation from Board. You agree that you will offer your resignation from the Board of Directors effective upon your Termination Date. The Board may accept or reject your offer of resignation within its sole and absolute discretion. 7. Non disparagement. You agree that you will not, whether orally or in writing, make any disparaging statements or comments, either as fact or as opinion, about Symantec or its products and services, business, technologies, market position, agents, representatives, directors, officers, shareholders, attorneys, employees, vendors, affiliates, successors or assigns, or any person acting by, through, under or in concert with any of them. 8. Additional Terms