Common use of New Hire Option Grant Clause in Contracts

New Hire Option Grant. Within five (5) business days after the Closing, the Compensation Committee of the Board of Directors will grant you an option to purchase 87,500 shares of common stock of Symantec (the “Symantec Common Stock”) under the Symantec 2004 Equity Incentive Plan. The option exercise price will be the closing price of the Symantec’s Common Stock on the Nasdaq National Market on the last trading day prior to the option grant date, as reported in the Wall Street Journal. You will be provided with the standard Symantec form of stock option agreement at the time of grant of such option (the “Symantec Option”). The Symantec Option will vest over a four-year period starting from your first day of employment with Symantec, at the rate of 25% of the option at the end of your first year of employment, and the balance in a series of 36 successive equal monthly installments upon your completion of each additional month of employment thereafter and will not be subject to acceleration except in accordance with the provisions of the Executive Retention Plan. You will be eligible for future Symantec options in the sole discretion of the Symantec Compensation Committee.

New Hire Option Grant. Within five (5) business days after the Closing, the Compensation Committee of the Board of Directors will grant you an option to purchase 87,500 shares of common stock of Symantec (the “Symantec Common Stock”) under the Symantec 2004 Equity Incentive Plan. The option exercise price will be the closing price of the Symantec’s Symantec Common Stock on the Nasdaq National Market on the last trading day prior to the option grant date, as reported in the Wall Street Journal. You will be provided with the standard Symantec form of stock option agreement at the time of grant of such option (the “Symantec Option”). The Symantec Option will vest over a four-year period starting from your first day of employment with Symantec, at the rate of 25% of the option at the end of your first year of employment, and the balance in a series of 36 successive equal monthly installments upon your completion of each additional month of employment thereafter and will not be subject to acceleration except in accordance with the provisions of the Executive Retention Plan. You will be eligible for future Symantec options in the sole discretion of the Symantec Compensation Committee.

New Hire Option Grant. Within five (5) business days after the Closing, the Compensation Committee of the Board of Directors will grant you an option to purchase 87,500 250,000 shares of common stock of Symantec (the “Symantec Common Stock”) under the Symantec 2004 Equity Incentive Plan. The option exercise price will be the closing price of the Symantec’s Symantec Common Stock on the Nasdaq National Market on the last trading day prior to the option grant date, as reported in the Wall Street Journal. You will be provided with the standard Symantec form of stock option agreement at the time of grant of such option (the “Symantec Option”). The Symantec Option will vest over a four-year period starting from your first day of employment with Symantec, at the rate of 25% of the option at the end of your first year of employment, and the balance in a series of 36 successive equal monthly installments upon your completion of each additional month of employment thereafter and will not be subject to acceleration except in accordance with the provisions of the Executive Retention Plan. You will be eligible for future Symantec options Options in the sole discretion of the Symantec Compensation Committee.