Exhibit 10.05
SYMANTEC EXECUTIVE RETENTION PLAN
This Executive Retention Plan (the “Plan”) applies to two groups of beneficiaries: (i) the Chief Executive Officer
(“CEO”), President, and other executive officers of Symantec Corporation (the “Company”) who are designated
as Section 16(b) officers or are otherwise designated as “Group 1” beneficiaries by the Company’s
Compensation Committee; and (ii) any other employees who are designated as “Group 2” beneficiaries by the
Company’s Compensation Committee, based on recommendations made by the CEO (the Group 1 and Group
2 beneficiaries are collectively defined as the “Designated Beneficiaries”).
1. Acceleration of Equity Compensation Awards.
If the employment of a Group 1 beneficiary is terminated other than for Cause, or if the Group 1 beneficiary
resigns following a Constructive Termination, in either case within 12 months after a Change in Control, all Equity
Compensation Awards granted by the Company to such Group 1 beneficiary shall become fully vested and, if
applicable, exercisable. Acceleration of vesting will not occur if there is no Change in Control within 12 months
prior to such termination or Constructive Termination.
If the employment of a Group 2 beneficiary is terminated other than for Cause within 12 months after a Change in
Control, all Equity Compensation Awards granted by the Company to such Group 2 beneficiary shall become
fully vested and, if applicable, exercisable. Acceleration of vesting will not occur if there is no Change in Control
within 12 months prior to such termination.
2. Definitions.
Unless defined elsewhere herein, for purposes of the Plan, the following shall have the meaning as set forth below:
“Cause” means (i) gross negligence or willful misconduct in the performance of duties to the Company (other than
as a result of a disability) that has resulted or is likely to result in substantial and material damage to the Company,
after a demand for substantial performance is delivered by the Company wh