For those who are interested here is my config in ntp.conf. Everything except the server commandwas added by me per suggestion from Symantec on dealing with the vulnerability.
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[root@airwave3 ~]# more /etc/ntp.conf
server <your ntp server IP>
#disable monitoring
disable monitor
# by default act only as a basic NTP client
restrict -4 default nomodify nopeer noquery notrap
restrict -6 default nomodify nopeer noquery notrap
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