Amendment to Employment Offer Letter for Thomas Seifert – Additional Sign-On Bonus Agreement with Symantec Corporation
Symantec Corporation and Thomas Seifert have amended Seifert's original employment offer letter to provide an additional $500,000 sign-on bonus, paid in a lump sum after acceptance of this amendment. If Seifert leaves the company voluntarily or is terminated for cause within three years of his employment start date, he must repay the full bonus amount. All other terms of the original offer letter remain unchanged.
Exhibit 10.01
April 30, 2014
Thomas Seifert
350 Ellis Street
Mountain View, CA 94043
Dear Thomas,
Reference is made to your employment offer letter dated January 15, 2014 (the “Offer Letter”). Captialized terms used but not defined herein shall have the meanings ascribed in them in the Offer Letter.
The Offer Letter is hereby amended to add a new paragraph as follows:
Additional Sign-On Bonus
In addition to your salary and your sign-on bonus, you will receive a second sign-on bonus in the amount of $500,000.00 (less applicable withholdings). This sign-on bonus will be paid in a single lump sum promptly after the date of your acceptance of this amendment to the Offer Letter (but in no event later than 15 days after such date), and will be subject to a repayment obligation. In the event you voluntarily leave the company or are terminated for Cause prior to three years from the date of the start of your employment with Symantec, you agree that you will repay the full amount of this second cash sign-on bonus.
Except as expressly modified hereby, all terms and conditions of the Offer Letter shall remain unchanged.
Please review this letter and confirm your acceptance by signing in the space indicated below, and either emailing (scanning) to ***@*** or faxing to (650) ###-###-####.
Sincerely,
James Grenier
Acting Chief Human Resources Officer
| Accepted and agreed: | ||||||
| /S/ THOMAS SEIFERT | 05/01/14 | |||||
| Signature | Date | |||||
Symantec Corporation World Headquarters • 350 Ellis Street Mountain View, CA 94043 United States • Phone: +1 ###-###-####
