Common use of Veritas Options Clause in Contracts

Veritas Options. On the Closing Date your outstanding Veritas stock options with an exercise price of $49.00 or less (the “Company Options”) and your Veritas restricted stock units (the “Veritas Restricted Stock Units”) will be assumed by Symantec and adjusted to reflect the terms of the Merger Agreement. Accordingly, following the Acquisition, your Veritas Options and Veritas Restricted Stock Units will be exchanged for options and units to acquire Symantec Common Stock, and you will continue to vest in your Veritas Options and Veritas Restricted Stock Units, over your period of service with the Symantec Employer following the Acquisition, in accordance with the same vesting schedule in effect for each Veritas Option and Veritas Restricted Stock Unit grant immediately prior to the Closing Date; provided, however, that for purposes of each such vesting schedule the Veritas Options and Veritas Restricted Stock Units which vest on an accelerated basis on the Closing Date shall be deemed to constitute a ratable portion (i.e. the percentage accelerated) of the shares subject to each installment under such schedule which was unvested immediately prior to such acceleration, unless specifically provided otherwise in the agreement evidencing the grant. You will receive a Stock Option and Restricted Stock Unit Assumption Agreement (to be entered into by you) informing you of the specific adjustments to the number of shares, the exercise price (if applicable) and the number of shares subject to each vesting installment that have been made to your Veritas Options and the Veritas Restricted Stock Units to reflect the exchange ratio in effect for the Acquisition.

Veritas Options. On the Closing Date your outstanding Veritas stock options with an exercise price of $49.00 or less (the “Company Options”) and your Veritas restricted stock units (the “Veritas Restricted Stock Units”) will be assumed by Symantec and adjusted to reflect the terms of the Merger Agreement. Accordingly, following the Acquisition, your Veritas Options and Veritas Restricted Stock Units will be exchanged for options and units to acquire Symantec Common Stock, and you will continue to vest in your Veritas Options and Veritas Restricted Stock Units, over your period of service with the Symantec Employer following the Acquisition, in accordance with the same vesting schedule in effect for each Veritas Option and Veritas Restricted Stock Unit grant immediately prior to the Closing Date; provided, however, that for purposes of each such vesting schedule the Veritas Options and Veritas Restricted Stock Units which vest on an accelerated basis on the Closing Date shall be deemed to constitute a ratable portion (i.e. the percentage accelerated) of the shares subject to each installment under such schedule which was unvested immediately prior to such acceleration, unless specifically provided otherwise in the agreement evidencing the grant. You will receive a Stock Option and Restricted Stock Unit Assumption Agreement (to be entered into by you) informing you of the specific adjustments to the number of shares, the exercise price (if applicable) and the number of shares subject to each vesting installment that have been made to your Veritas Options and the Veritas Restricted Stock Units to reflect the exchange ratio in effect for the Acquisition.

Veritas Options. On the Closing Date your outstanding Veritas stock options with an exercise price of $49.00 or less (the “Company Options”) and your Veritas restricted stock units (the “Veritas Restricted Stock Units”) will be assumed by Symantec and adjusted to reflect the terms of the Merger Agreement. Accordingly, following the Acquisition, your Veritas Options and Veritas Restricted Stock Units will be exchanged for options and units to acquire Symantec Common Stock, and you will continue to vest in your Veritas Options and Veritas Restricted Stock Units, over your period of service with the Symantec Employer following the Acquisition, in accordance with the same vesting schedule in effect for each Veritas Option and Veritas Restricted Stock Unit grant immediately prior to the Closing Date; provided, however, that for purposes of each such vesting schedule the Veritas Options and Veritas Restricted Stock Units which vest on an accelerated basis on the Closing Date shall be deemed to constitute a ratable portion (i.e. the percentage accelerated) of the shares subject to each installment under such schedule which was unvested immediately prior to such acceleration, unless specifically provided otherwise in the agreement evidencing the grant. You will receive a Stock Option and Restricted Stock Unit Assumption Agreement (to be entered into by you) informing you of the specific adjustments to the number of shares, the exercise price (if applicable) and the number of shares subject to each vesting installment that have been made to your Veritas Options options and the Veritas Restricted Stock Units to reflect the exchange ratio in effect for the Acquisition.