THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Symbol Technologies, Inc. (SBL)

3/28/2006 Proxy Information

In March 2004 we entered into an employment agreement with Mr. Nuti, our former President and Chief Executive Officer, who at the time also served as a director. On July 28, 2005, the Company entered into a separation and release agreement with Mr. Nuti in connection with his resignation as President and Chief Executive Officer of the Company and as a member of the Board, effective as of August 1, 2005. Pursuant to the separation and release agreement, Mr. Nuti agreed to release all claims against the Company in exchange for the waiver by the Company of the sixty (60) day notice requirement in Section 6(a)(vi) of Mr. Nuti’s employment agreement with the Company and the consent by the Company to Mr. Nuti’s employment by NCR Corporation, as required under Section 9(a) of Mr. Nuti’s employment agreement. See “Executive Compensation — Agreements with Former Executives — William R. Nuti.”

In addition, effective as of April 7, 2005, Mr. Iannuzzi resigned as Symbol’s non-executive Chairman of the Board. On April 11, 2005, Mr. Iannuzzi joined Symbol as its Senior Vice President, Chief Administrative and Control Officer. From April 2005 through August 2005, Mr. Iannuzzi received a base salary of $450,000 and a signing bonus of $500,000, paid in equal quarterly installments. Mr. Iannuzzi was also eligible for participation in the Senior Executive Bonus Plan. Additionally, the Compensation Committee awarded Mr. Iannuzzi options to purchase 500,000 shares of the Company’s Common Stock at an exercise price of $11.075, equal to the fair market value of the Company’s Common Stock on the NYSE on the date the options were granted (as determined by the 2004 Equity Plan), and 100,000 shares of restricted stock. In August 2005, in recognition of his additional responsibilities in connection with his service as Interim Chief Executive Officer of the Company, the Company entered into a retention agreement with Mr. Iannuzzi that provided for an increase in annual base pay to $650,000, an additional payment of $62,500 per month while serving as Interim CEO, an award of 50,000 shares of restricted stock with 25% vesting on October 1, 2005 plus a $300,000 credit on his behalf under the DCP. As previously disclosed, on January 12, 2006, Mr. Iannuzzi became President and Chief Executive Officer of the Company and entered into an employment agreement (which was amended on March 20, 2006) with the Company, the initial term of which expires in January 2009. See “Executive Compensation — Employment Agreements — Salvatore Iannuzzi.”

Mr. Iannuzzi is a nominee for election to the Board and will not serve on any Board committees in accordance with our Corporate Governance Guidelines and NYSE rules. Mr. Iannuzzi will not receive compensation for his Board service except for reimbursement of reasonable expenses incurred in connection with his attendance at Board meetings.

On February 27, 2006, the Board appointed Timothy T. Yates Senior Vice President and Chief Financial Officer of the Company and as a member of the Board, effective immediately. From August 2005 until his employment with the Company in February 2006, Mr. Yates served as an independent consultant to the Company. For his consulting services to the Company, Mr. Yates received fees in the amount of $180,000.

In 2006, Mr. Yates will receive an annual base salary of $500,000 and is eligible for participation in the Senior Executive Bonus Plan. Additionally, the Compensation Committee awarded Mr. Yates options to purchase 400,000 shares of the Company’s Common Stock at an exercise price of $11.435, equal to the fair market value of the Company’s Common Stock on the NYSE on the date the options were granted (as determined by the 2004 Equity Plan), and 100,000 shares of restricted stock. Additionally, Mr. Yates received a one-time signing bonus of $200,000.

Mr. Yates is a nominee for election to the Board and will not serve on any Board committees in accordance with our Corporate Governance Guidelines and NYSE rules. Mr. Yates will not receive compensation for his Board service except for reimbursement of reasonable expenses incurred in connection with his attendance at Board meetings.

4/11/2005 Proxy Information

In 2000, we entered into a new employment agreement with Raymond Martino, a then-current member of our Board of Directors and a former President, that terminated on February 15, 2005. He was employed as a part-time consultant, assisting the non-executive chairman of the Board of Directors and the CEO and President. In 2004, Mr. Martino received $100,000 pursuant to his agreement.

Raymond Martino’s son, Raymond Martino, Jr., is employed by us as Vice President — Technical Strategy. Mr. Martino, Jr.’s base compensation for fiscal year 2004 was $231,338. His compensation is not subject to approval by the Board of Directors. On February 9, 2004, Mr. Martino, Jr. was awarded options under our 2001 Plan to purchase 10,000 shares of our Common Stock at an exercise price of $16.89 per share, which was the closing price of our Common Stock on the NYSE on the date the options were granted. Twenty percent of these options vest on February 9, 2005 and 10% vest on August 9, 2005 and each of the seven next consecutive six-month anniversary dates of that date.

In January 2003, we loaned $500,000, interest free, to John Bruno, our current Senior Vice President — Corporate Development, who, at such time, was not an “executive officer” as such term is used in the Sarbanes-Oxley Act of 2002 or an “officer” as such term is defined in Rule 16a-1(f) of the Exchange Act and for purposes of Section 16(a) of the Exchange Act. As of March 1, 2004, this loan was repaid in full by Mr. Bruno. On March 10, 2004, the Board of Directors appointed Mr. Bruno an executive officer of Symbol.

We loaned $1 million to Mr. Bravman in February 2002 and $500,000 in October 1999. These loans to Mr. Bravman were made prior to the adoption of the Sarbanes-Oxley Act and thus were “grandfathered” and not subject to the prohibition against loans to an “executive officer” as such term is used in the Sarbanes-Oxley Act. Mr. Bravman repaid these loans in full in July 2004, as required by the letter agreement Mr. Bravman entered into with us in connection with his termination of employment. See “Executive Compensation — Agreements with Former Executives — Richard Bravman.”

As disclosed previously, we have entered into an employment agreement with Mr. Nuti, who also serves as a Director. See “Executive Compensation — Employment Agreements — William R. Nuti.”

In addition, effective as of April 7, 2005, Salvatore Iannuzzi resigned as Symbol’s non-executive Chairman of the Board of Directors. On April 11, 2005, Mr. Iannuzzi joined Symbol as its Senior Vice President, Chief Administrative and Control Officer. For 2005, Mr. Iannuzzi will receive a base salary of $450,000 and a signing bonus of $500,000, payable in equal quarterly installments. Mr. Iannuzzi will also be eligible to participate in the Senior Executive Bonus Plan. Additionally, the Compensation Committee, at its next regularly scheduled meeting, will award Mr. Iannuzzi options to purchase 500,000 shares of our Common Stock at an exercise price equal to the fair market value of our Common Stock on the NYSE on the date the options are granted (as determined by the 2004 Equity Plan) and 100,000 shares of restricted stock.

Both Messrs. Nuti and Iannuzzi are nominees for election to the Board and do not serve on any Board committees in accordance with our Corporate Governance Guidelines and NYSE rules. Messrs. Nuti and Iannuzzi will not receive compensation for their Board service except for reimbursement of reasonable expenses incurred in connection with their attendance at Board meetings.

4/1/2004 Proxy Information

In 2000, the Company entered into a new employment agreement with Raymond Martino, a current member of our Board of Directors and a former President of the Company, that terminates on February 15, 2005. He is employed as a part-time consultant, assisting the non-executive chairman of the Board of Directors and the CEO and President. In 2004, Mr. Martino will receive $100,000 pursuant to his agreement.

Raymond Martino's son, Raymond Martino, Jr., is employed by Symbol as Vice President, Technology Strategy. Mr. Martino, Jr.'s aggregate compensation for fiscal year 2003 was $294,353. His compensation is not subject to approval by the Board of Directors. On June 9, 2003, Mr. Martino, Jr. was awarded options under our 2001 Plan to purchase 10,000 shares of our Common Stock at an exercise price of $14.02 per share, which was the closing price of our Common Stock on the NYSE on the date the option was granted. Twenty percent of these options will vest on June 9, 2004 and 10 percent will vest on December 9, 2004, and each of the seven next consecutive six-month anniversary dates of that date.

In February 2002, the Company loaned $1,000,000 to Mr. Bravman. This loan bears interest at an annual rate of LIBOR plus 100 basis points, which approximated 3.0 percent and 2.4 percent at December 31, 2003 and 2002, respectively. This loan is payable upon the earlier of: (1) the date he ceases to be an employee of the Company, (2) the date of sale of his California residence, or (3) February 19, 2007. In addition, if he or his wife sell any shares of the Common Stock now owned by either of them or hereafter acquired (other than shares sold to pay the exercise price and taxes resulting from the exercise of any options originally granted to Mr. Bravman by us), 100 percent of the net proceeds of such sales shall be applied immediately to reduce any outstanding indebtedness under this loan.

In addition, the Company also loaned Mr. Bravman $500,000 in October 1999. This loan bears interest at an annual rate of 7 percent through October 2004, and 2.75 percent above the One Year Treasury Rate through maturity. The loan is payable upon the earlier of: (1) the date he ceases to be an employee of the Company, (2) the date of sale of his California residence, or (3) October 5, 2006. This loan is secured by a second mortgage on his California residence. In addition, if he or his wife sell any shares of the Common Stock now owned by either of them or hereafter acquired (other than shares sold to pay the exercise price and taxes resulting from the exercise of any options originally granted to Mr. Bravman by us), 100 percent of the net proceeds of such sales shall be applied immediately to reduce any outstanding indebtedness under this loan. These loans to Mr. Bravman were made prior to the adoption of the Sarbanes-Oxley Act and thus were "grandfathered" and not subject to the prohibition against loans to an "officer" as such term is defined in Rule 16a-1(f) of the Exchange Act and for purposes of Section 16(a) of the Exchange Act.

In January 2003, the Company loaned $500,000, interest free, to John Bruno, our current Senior Vice President--Business Development and Chief Information Officer, who, at such time, was not an "officer" as such term is defined in Rule 16a-1(f) of the Exchange Act and for purposes of Section 16(a) of the Exchange Act. As of March 1, 2004, this loan had been repaid in full by Mr. Bruno. On March 10, 2004, the Board appointed Mr. Bruno an executive officer of Symbol.

12/23/2003 Proxy Information

Jerome Swartz' daughter, Nikola Swartz, was employed by Symbol as an account manager in the Northern Sales Division until December 2003. Ms. Swartz' aggregate compensation for the fiscal year ending 2002 was $72,710.

Raymond Martino's son, Raymond Martino, Jr., is employed by Symbol as vice president of Wireless Network Product Marketing. Mr. Martino's aggregate compensation for the fiscal year 2002 was $228,276. His compensation is not subject to approval by the Board of Directors. On February 19, 2002, Mr. Martino was awarded options under our 2001 Plan to purchase 15,000 shares of our common stock at an exercise price of $8.09 per share, which was the closing price of our common stock on the date the option was granted. Twenty percent of these options vested on January 1, 2003, 10 percent vested on July 1, 2003 and 10 percent will vest on January 1, 2004 and each of the six next consecutive six-month anniversary dates of that date. On August 12, 2002, Mr. Martino was awarded options under our 2001 Plan to purchase 55,500 shares of Symbol's common stock at an exercise price of $9.05 per share, which was the closing price of our common stock on the date the option was granted. Twenty percent of these options vested on August 12, 2003, and 10 percent will vest on February 12, 2004, and each of the seven next consecutive six-month anniversary dates of that date.

Raymond Martino's daughter, Denise Martino, was employed by Symbol as a marketing manager in the Business Operations and Planning Division until August 2003. Ms. Martino's aggregate compensation for the fiscal year 2002 was $87,759. On February 19, 2002, Ms. Martino was awarded options under our 2001 Plan to purchase 500 shares of our common stock at an exercise price of $8.09 per share, which was the closing price of our common stock on the date the option was granted. Twenty percent of these options vested on January 1, 2003 and 10 percent vested on July 1, 2003. The remaining option were canceled in August of 2003. On August 12, 2002, Ms. Martino was awarded options under our 2001 Plan to purchase 500 shares of our common stock at an exercise price of $9.05 per share, which was the closing price of our common stock on the date the option was granted. Twenty percent of these options vested on August 12, 2003 and the remaining options were canceled as of August 22, 2003.

In October 1999 and February 2002, we loaned Richard Bravman, our former Vice Chairman of the Board of Director, Chief Executive Officer and Director, $500,000 and $1,000,000, respectively, for relocation expenses and the purchase of new residences in connection with his employment by Symbol. See Note 9 to the Consolidated Financial Statements included elsewhere herein.

In January 2003, we loaned $500,000 to our current Senior Vice President and Chief Information Officer, who is not considered an "officer" as such term is defined in Rule 16a-1(f) of the Exchange Act and for purposes of Section 16(a) of the Exchange Act. See Note 22 to the Consolidated Financial Statements included elsewhere herein.