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2011 Enhanced Early Retirement Program U.S. & Canada

2011 Enhanced Early Retirement Program U.S. & Canada. Program Overview for Eligible Employees. April 2011. Contents. Business Objectives Program Overview Program Benefits Program Timeline Support Resources. Key Drivers of the Enhanced Early Retirement Offering.

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2011 Enhanced Early Retirement Program U.S. & Canada

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  1. 2011 Enhanced Early Retirement ProgramU.S. & Canada Program Overview for Eligible Employees April 2011

  2. Contents • Business Objectives • Program Overview • Program Benefits • Program Timeline • Support Resources

  3. Key Drivers of the Enhanced Early Retirement Offering • Part of key, targeted moves across the company as we align operations in support of Cisco's network-centric platform strategy • These moves will include business decisions as we assess our portfolio strategy, simplify operations, and pursue expense management efforts. • 2009 program was very well-received by employees, and requests have been made to consider offering a similar opportunity. • The program is completely voluntary, and designed to provide a level of security to those who choose to take advantage of it.

  4. EER Program Eligibility • U.S.- & Canada-based employees • Director-level and below • Excluded positions: VP and above (grade 900 and above), Distinguished Engineers, Fellows, and Sales’ Chairman’s Club winners from FY07 through FY10 • Minimum age of 50 with the combination of age and service totaling at least 60 as of July 8, 2011 • There are no exceptions to eligibility criteria • No benefits are payable unless the eligible employee timely executes and delivers the General Release and it becomes irrevocable

  5. EER Program Benefits

  6. EER Program Benefits

  7. EER Program Benefits

  8. Other Key Program Details • Decision Window: One-time consideration period to participate in the program; the decision period: May 10 to June 24, 2011 • Future Offering: The company does not foresee using this EER program or voluntary programs of a similar nature, or providing the same benefits provided in this EER program in the future, although the company reserves the right to do so should business conditions require • Two-Year Rehire Restriction: A condition of receiving the EER benefits is that employees will be ineligible to return to Cisco as a regular employee, contractor, or consultant for a minimum time period of two years after termination; payments under the EER program will be subject to forfeiture if an employees accepts a position in any capacity before the two-year period

  9. Program Timeline

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