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Exhibit 10(v)

REVISED SUMMARY SHEET

OF

2008 COMPENSATION

Director Compensation

Employee Directors

Directors who are employees of the Company receive no separate compensation for Board service. Mr.
Vea and Mr. Stevens are the only directors who are also employees of the Company, and they do not
receive any additional compensation for such service.

Non-Employee Directors

Non-employee directors currently receive the following compensation:

Annual Retainer:

	 	•	 	$12,000 restricted stock retainer, which vests over a three year period, issued under
the Company’s 2007 Equity Incentive Plan. A copy of the 2007 Equity Incentive Plan is
filed as an exhibit to the Company’s Form 8-K filed on April 20, 2007.
	 
	 	•	 	$12,000 cash retainer payable in four quarterly payments.

Meeting Fees:

	 	•	 	$900 cash fee for each Board of Directors meeting of the Company attended.
	 
	 	•	 	$600 cash fee for each committee meeting attended.

Presiding Independent Director/Committee Chair Fees:

	 	•	 	$2,000 fee payable in four quarterly payments to Presiding Independent Director.
	 
	 	•	 	$2,000 fee payable in four quarterly payments to Committee Chairs.

Other:

	 	•	 	$900 additional fee for each full day spent in training at seminars or other training
sessions approved in advance by the Chairman of the Board.
	 
	 	•	 	Reimbursement for travel and other expenses incurred for attending seminars or other
training sessions.
	 
	 	•	 	Reimbursement for accommodations, travel or meals in connection with attending
corporate, board or other authorized functions, which includes Board of Directors meetings,
committee meetings, and Board retreats.

Under the Corporate Governance Principles, non-employee directors are expected to own shares with
an aggregate value equal to $100,000 within five years of being elected a director.

Compensation of Named Executive Officers

     The executive officers of the Company serve at the discretion of the Board of Directors. The
following are the current base salaries effective April 20, 2007, for the Company’s Chief Executive
Officer, Chief Financial Officer and its other most highly compensated current executive officers
who will be identified in the Company’s proxy statement for the 2008 annual meeting (the “Named
Executive Officers”):

 

 

	 	 	 
	Michael T. Vea, Chairman,

	 	$468,180
	President and Chief Executive

Officer
	 	 
	 
	 	 
	Martin M. Zorn, Executive

	 	$271,500
	Vice-President, Chief Risk

Officer and Secretary
	 	 
	 
	 	 
	Archie M. Brown, Executive

	 	$271,500
	Vice-President, Commercial

and Consumer Banking
	 	 
	 
	 	 
	Raymond D. Beck, Executive

	 	$205,000
	Vice-President, Chief Credit

Officer
	 	 
	 
	 	 
	Roger M. Watson, Executive 

	 	$210,000
	Vice-President, Division

Manager, Commercial Real

Estate
	 	 

     The Compensation Committee of the Board of Directors determines and approves the compensation
payable to the executive officers. Mr. Vea, Mr. Zorn and Mr. Brown are parties to employment
agreements with the Company. A copy of Mr. Vea’s employment agreement is filed as an exhibit to
the 2006 10-K. On May 22, 2007, the Compensation Committee approved employment agreements for Mr.
Zorn and Mr. Brown. Copies of Mr. Zorn and Mr. Brown’s employment agreements are filed as exhibits
to the 10-Q for the quarterly period ended June 30, 2007. Their current salaries are currently
based on the terms of their employment agreement and may be increased by action of the Compensation
Committee. On May 22, 2007, Mr. Beck and Mr. Watson entered into a Change in Control Benefits
Agreement. A copy of Mr. Beck and Mr. Watson’s Change in Control Benefits Agreements are filed as
exhibits to the 10-Q for the quarterly period ended June 30, 2007.

Cash Incentives.

     During 2007, the Named Executive Officers participated in the 2007 Annual Cash Incentive Plan,
or the 2007 Cash Plan. The 2007 Cash Plan created opportunities for additional cash compensation
based on the achievement of short-term (one year) performance goals. The amount of the
opportunities was set at “minimum”, “target”, and “maximum” levels. The amount of the cash
incentives paid to those officers for 2007 is shown in the Summary Compensation Table.

Equity-Based Incentives.

     During 2007, the Named Executive Officers participated in the 2007 Equity Incentive Plan, or
the 2007 Equity Plan. The 2007 Equity Plan created opportunities for additional compensation that
is tied to the performance of our stock and aligned with the interests of our shareholders. In
making its award decisions, the Compensation Committee gave consideration to (1) the executive’s
total compensation both for 2006 and the amount of the award necessary to place the executive’s
total compensation at the 50th percentile of the peer group; (2) the committee’s
qualitative assessment of our overall performance in 2006; and (3) with respect to the named
executives other than the Chief Executive Officer, the recommendation of the Chief Executive
Officer. In addition, the Compensation Committee considered

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comparative total compensation
information for the peer group, tally sheets for the preceding two years, our overall financial
performance during the period that an executive officer has held his position, the difficulty of
replacing an executive officer with another of comparable experience and skill, and how
compensation decisions could assist us in achieving the goals set out in our strategic plan.

     The stock option and restricted stock awards granted to the named executive officers for 2007
are shown in the Grants of Plan-Based Awards Table in the 2008 proxy statement.

2008 Executive Compensation Decisions.

     The Compensation Committee continuously evaluates the design of our executive compensation
program and approved some design changes intended to reflect our revised strategic plan for 2008.
For annual cash incentives, the Compensation Committee expects to set goals for performance
measures intended to achieve median performance of the peer group and reduce payout opportunities
at the “target” and “maximum” levels.

     The value of the award opportunities for equity-based incentives will be increased so that
more of the executive’s total compensation is tied to the performance of our common stock and
aligned with the interests of shareholders. The equity awards will be allocated between SARs (50%)
and restricted stock (50%) using their grant date fair value, with each award vesting equally over
three years.

     In addition, the Compensation Committee is considering making a “stretch” equity award tied to
improvement in total shareholder return/stock performance over a multi-year period.

Other Compensation of Named Executive Officers

     The Summary Compensation Table in the Company’s 2008 proxy statement identified the aggregate
perquisites and other personal benefits received by each of the Named Executive Officers which
equal or exceed $10,000. The primary perquisites for Messrs. Vea, Brown and Zorn include an
automobile allowance and social club membership dues.

     The Company also provides matching contributions to the accounts of the Named Executive
Officers under its Employees 401(k) Plan and pays for term life insurance for each of the Named
Executive Officers.

Agreements with Other Executive Officers

     Mr. Bradley M. Stevens, Executive Vice President of the Company and President and CEO –
Chicago Region of Integra Bank entered into an Employment Agreement with an effective date of April
9, 2007, the date the Prairie Financial Corporation acquisition was completed. On May 22, 2007, the
Compensation Committee approved Change in Control Benefits Agreements with Mr. Roger M. Duncan,
Executive Vice President, Evansville and Community Banking Division President, and Mr. Michael B.
Carroll, Senior Vice President and Controller. Mr. Stevens’ agreement is filed as an exhibit to
the 10-Q for the quarterly period ended March 31, 2007. Mr. Duncan and Mr. Carroll’s agreements
are filed as exhibits to the 10-Q for the quarterly period ended June 30, 2007.

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Exhibit 10.19

FOXHOLLOW TECHNOLOGIES, INC.

CHANGE OF CONTROL AND SEVERANCE AGREEMENT

     This Change of Control and Severance Agreement (the “Agreement”) is made and entered into
effective as of April 9, 2007 (the ‘‘Effective Date”), by and between John B. Simpson, Ph.D., M.D.
(the “Employee”) and FoxHollow Technologies, Inc., a Delaware corporation (the “Company”). Certain
capitalized terms used in this Agreement are defined in Section 1 below.

RECITALS

     A. It is expected that the Company from time to time will consider the possibility of a Change
of Control. The Board of Directors of the Company (the “Board”) recognizes that such consideration
can be a distraction to Employee and can cause Employee to consider alternative employment
opportunities.

     B. The Board believes that it is in the best interests of the Company and its stockholders to
provide Employee with an incentive to continue Employee’s employment and to maximize the value of
the Company upon a Change of Control for the benefit of its stockholders.

     C. In order to provide Employee with enhanced financial security and sufficient encouragement
to remain with the Company notwithstanding the possibility of a Change of Control, the Board
believes that it is imperative to provide Employee with certain severance benefits upon Employee’s
termination of employment following a Change of Control.

AGREEMENT

     In consideration of the mutual covenants herein contained and the continued employment of
Employee by the Company, the parties agree as follows:

     1. Definition of Terms. The following terms referred to in this Agreement will have
the following meanings:

          (a) “Cause” means (i) any act of personal dishonesty taken by Employee in connection with
Employee’s employment of the Company, which is intended to result in personal enrichment of
Employee, (ii) Employee’s conviction of, or plea of nolo contendere to, a felony which the Company
reasonably believes had or will have a material detrimental effect on the Company’s reputation or
business, (iii) any willful act by Employee that constitutes material misconduct and is injurious
to the Company, and (iv) continued violations by Employee of Employee’s obligations to the Company,
which are demonstrably willful and deliberate on Employee’s part after there has been delivered to
Employee a written demand for performance from the Company which describes the basis for the
Company’s belief that Employee has not substantially performed such obligations and Employee’s
failure to cure such violations to the reasonable satisfaction of the Company within ten (10)
business days of Employee’s receipt of such demand. For purposes of this definition, an act or
failure to act will be deemed “willful” if

 

 

effected not in good faith or without reasonable belief that such actions or failure to act
was in the best interest of the Company or its successor.

          (b) “Change of Control” will mean the occurrence of any of the following events:

               (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, referred to herein as the Exchange Act) becomes the “beneficial owner” (as defined in
Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing
fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding
voting securities, except that any change in the beneficial ownership of the securities of the
Company as a result of a private financing or initial public offering of the Company that is
approved by the Board, will not be deemed to be a Change of Control; or

               (ii) the consummation of the sale or disposition by the Company of all or substantially all of
the Company’s assets; or

               (iii) the consummation of a merger or consolidation of the Company with any other entity,
other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or
by being converted into voting securities of the surviving entity or its parent) at least fifty
percent (50%) of the total voting power represented by the voting securities of the Company or such
surviving entity or its parent outstanding immediately after such merger or consolidation.

          (c) “Involuntary Termination” means (i) without Employee’s express written consent, a
significant reduction of Employee’s duties, position or responsibilities relative to Employee’s
duties, position or responsibilities in effect immediately prior to such reduction, or the removal
of Employee from such position, duties and responsibilities, unless Employee is provided with
comparable duties, position and responsibilities; provided, however, that a reduction in duties,
position or responsibilities solely by virtue of the Company being acquired and made part of a
larger entity (as, for example, when the Chief Financial Officer of the Company remains as such
following a Change of Control but is not made the Chief Financial Officer of the acquiring
corporation) will not constitute an “Involuntary Termination”; (ii) without Employee’s express
written consent, a substantial reduction, without good business reasons, of the facilities and
perquisites (including office space and location) available to Employee immediately prior to such
reduction (other than a similar reduction applicable to similarly situated employees of the
Company’s successor); (iii) without Employee’s express written consent, a material reduction by the
Company of Employee’s base salary as in effect immediately prior to such reduction (other than a
reduction applicable to other similarly situated employees of the Company’s successor); (iv)
without Employee’s express written consent, a material reduction by the Company in the kind or
level of employee benefits to which Employee is entitled immediately prior to such reduction with
the result that Employee’s overall benefits package is significantly reduced (other than a
reduction applicable to other similarly situated employees of the Company’s successor); (v) without
Employee’s express written consent, the relocation of Employee to a facility or a location more
than fifty (50) miles from Employee’s

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current location; (vi) any purported termination of Employee other than for “Cause”; or
(vii) without Employee’s express written consent, the failure of the Company to obtain the
assumption of this Agreement by any successors contemplated in Section 7 below.

          (d) “Termination Date” means the effective date of any notice of termination delivered by one
party to the other hereunder.

     2. Term of Agreement. This Agreement will terminate upon the date that all
obligations of the parties hereto under this Agreement have been satisfied or, if earlier, on the
date, prior to a Change of Control, Employee is no longer employed by the Company.

     3. At-Will Employment. The Company and Employee acknowledge that Employee’s
employment is and will continue to be at-will, as defined under applicable law. If Employee’s
employment terminates for any reason, Employee will not be entitled to any payments, benefits,
damages, awards or compensation other than as provided by this Agreement, or as may otherwise be
established under the Company’s then existing employee benefit plans or policies at the time of
termination.

     4. Acceleration Upon a Change of Control. Upon a Change of Control that occurs while
Employee is an employee of the Company (or any parent or subsidiary of the Company), the vesting of
all stock options granted by the Company to Employee (“Options”) prior to the Change of Control
will partially accelerate such that 50% of the unvested shares subject to the Options will become
immediately vested and exercisable as of the date of the Change of Control (to the extent such
Options are outstanding and unexercisable at the time of such Change of Control), and 50% of any
common stock purchased prior to the Change of Control that is subject to a right of repurchase by
the Company that arises in the event Employee’s service to the Company (or its parent or subsidiary
companies) is terminated (“Restricted Stock”), will have such right of repurchase lapse with
respect to those shares. Each month thereafter, 1/12th of the remaining unvested shares
subject the Options will vest and become exercisable, and any Company repurchase rights with
respect to 1/12th of any remaining Restricted Stock will lapse, in each case subject to
Employee’s continued service with the Company (or its parent or subsidiary companies) through each
such date.

     5. Severance Benefits.

          (a) Termination Within Twelve (12) Months Following A Change of Control. If within
twelve (12) months following a Change of Control, Employee’s employment with the Company terminates
as a result of an Involuntary Termination, and Employee signs and does not revoke the release of
claims described in Section 8 hereto, Employee will be entitled to the following severance
benefits:

               (i) all Options granted by the Company to Employee prior to the Change of Control will become
fully vested and exercisable as of the date of the termination to the extent such Options are
outstanding and unexercisable at the time of such termination, and all Restricted Stock that was
purchased prior to the Change of Control will have any Company repurchase rights lapse with respect
to all of such shares;

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               (ii) continuing payments of severance pay for twelve (12) months following the date of such
termination at a rate equal to Employee’s base salary rate (as in effect immediately prior to (1)
the Change of Control, or (2) Employee’s termination, whichever is greater), less applicable
withholding, payable in accordance with the Company’s normal payroll practices; and

               (iii) reimbursement for the same level of Company-paid health (i.e., medical, vision and
dental) coverage and benefits as in effect for Employee and Employee’s eligible dependents on the
day immediately preceding Employee’s Termination Date; provided, however, that (i) Employee
constitutes a qualified beneficiary, as defined in Section 4980B(g)(l) of the Internal Revenue Code
of 1986, as amended (the “Code”), and (ii) Employee timely and properly elects continuation
coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), within the time period prescribed pursuant to COBRA. The Company will continue to
reimburse Employee for such health coverage until the earlier of (i) the date Employee
(and/or Employee’s eligible dependents) is no longer eligible to receive continuation coverage
pursuant to COBRA, or (ii) six (6) months from the Termination Date.

          (b) Voluntary Resignation or Termination for Cause within Twelve (12) Months Following a
Change of Control. ·If within twelve (12) months following a Change of Control, Employee’s
employment with the Company terminates either (i) voluntarily by Employee (other than as a result
of an Involuntary Termination), or (ii) for Cause by the Company, then Employee will not be
entitled to receive severance or other benefits except for those, if any, as may then be
established under the Company’s then existing severance and benefits plans and practices or
pursuant to other written agreements with the Company.

          (c) Termination Prior to a Change of Control or After Twelve (12) Months Following a
Change of Control. In the event Employee’s employment is terminated for any reason, either
prior to the occurrence of a Change of Control or after the twelve (l2)-month period following a
Change of Control, then Employee will be entitled to receive severance and any other benefits, if
any, as may then be established under the Company’s existing written severance and benefits plans
and practices, if any, or pursuant to any other written agreements with the Company.

          (d) Accrued Wages and Vacation; Expenses. Without regard to the reason for, or the
timing of, Employee’s termination of employment: (i) the Company will pay Employee any unpaid base
salary due for periods prior to the Termination Date; (ii) the Company will pay Employee all of
Employee’s accrued and unused vacation through the Termination Date; and (iii) following submission
of proper expense reports by Employee, the Company will reimburse Employee for all expenses
reasonably and necessarily incurred by Employee in connection with the business of the Company
prior to the Termination Date. These payments will be made promptly upon termination and within the
period of time mandated by law.

     6. Limitation on Payments. In the event that the severance and other benefits provided
for in this Agreement or otherwise payable to Employee (i) constitute “parachute payments” within
the meaning of Section 280G of the Code or any similar successor provision of Section 280G, and
(ii) but for this Section would be subject to the excise tax imposed by Section

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4999 of the Code or any similar successor provision of Section 4999 (the “Excise Tax”), then
Employee’s benefits under this Agreement will be either:

          (a) delivered in full, or

          (b) delivered as to such lesser extent which would result in no portion of such benefits being
subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable
federal, state and local income taxes and the Excise Tax, results in the receipt by Employee on an
after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of
such benefits may be taxable under Section 4999 of the Code.

     Unless the Company and Employee otherwise agree in writing, any determination as to whether a
reduction is required under this Agreement and the amount of such reduction will be made in writing
by the Company’s independent public accountants (the “Accountants”), whose determination will be
conclusive and binding upon Employee and the Company for all purposes. For purposes of making the
calculations required by this Section, the Accountants may make reasonable assumptions and
approximations concerning applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code. The Company and Employee will
furnish to the Accountants such information and documents as the Accountants may reasonably request
in order to make a determination under this Section. The Company will bear all costs the
Accountants may reasonably incur in connection with any calculations contemplated by this Section.

     7. Successors.

          (a) Company’s Successors. Any successor to the Company (whether direct or indirect and
whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or
substantially all of the Company’s business and/or assets will assume the Company’s obligations
under this Agreement and expressly agree to perform the Company’s obligations under this Agreement
in the same manner and to the same extent as the Company would be required to perform such
obligations in the absence of a succession. For all purposes under this Agreement, the term
“Company” will include any successor to the Company’s business and/or assets which executes and
delivers the assumption agreement described in this subsection (a) or which becomes bound by the
terms of this Agreement by operation of law.

          (b) Employee’s Successors. Without the written consent of the Company, Employee will
not assign or transfer this Agreement or any right or obligation under this Agreement to any other
person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of
Employee hereunder will inure to the benefit of, and be enforceable by, Employee’s personal or
legal representatives, executors, administrators, successors, heirs, distributees, devisees and
legatees.

     8. Execution of Release Agreement upon Termination. As a condition of entering into
this Agreement and receiving the benefits described under Section 5, Employee agrees to execute and
not revoke a general release of claims upon the termination of employment with the Company.

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     9. Notices.

          (a) General. Notices and all other communications contemplated by this Agreement will
be in writing and will be deemed to have been duly given when personally delivered or when mailed
by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of
Employee, mailed notices will be addressed to Employee at the home address which Employee most
recently communicated to the Company in writing. In the case of the Company, mailed notices will be
addressed to its corporate headquarters, and all notices will be directed to the attention of its
Secretary.

          (b) Notice of Termination. Any termination by the Company for Cause or by Employee as
a result of a voluntary resignation or Involuntary Termination will be communicated by a notice of
termination to the other party hereto given in accordance with this Section. Such notice will
indicate the specific termination provision in this Agreement relied upon, will set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination under the
provision so indicated, and will specify the Termination Date (which will be not more than thirty
(30) days after the giving of such notice).

     10. Miscellaneous Provisions.

          (a) No Duty to Mitigate. Employee will not be required to mitigate the amount of any
payment contemplated by this Agreement, nor will any earnings that Employee may receive from any
other source reduce any such payment.

          (b) Waiver. No provision of this Agreement may be modified, waived or discharged
unless the modification, waiver or discharge is agreed to in writing and signed by Employee and by
an authorized officer of the Company (other than Employee). No waiver by either party of any breach
of, or of compliance with, any condition or provision of this Agreement by the other party will be
considered a waiver of any other condition or provision or of the same condition or provision at
another time.

          (c) Integration. This Agreement and any outstanding stock option agreements and
restricted stock purchase agreements referenced herein (to the extent not amended hereby) represent
the entire agreement and understanding between the parties as to the subject matter herein and
supersede all prior or contemporaneous agreements, whether written or oral, with respect to this
Agreement and any stock option agreement or any restricted stock purchase agreement, provided,
that, for clarification purposes, this Agreement will not affect any agreements between the Company
and Employee regarding intellectual property matters or confidential information of the Company. No
future agreements between the Company and Employee relating to Options or Restricted Stock (whether
currently outstanding or granted after the date of this Agreement) may supersede this Agreement,
unless they are in writing and specifically mention this Section 10(c).

          (d) Choice of Law. The internal substantive laws, but not the conflicts of law rules,
of the State of California, will govern the validity, interpretation, construction and performance
of this Agreement.

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          (e) Severability. The invalidity or unenforceability of any provision or provisions of
this Agreement will not affect the validity or enforceability of any other provision hereof, which
will remain in full force and effect.

          (f) Withholding Taxes. All payments made pursuant to this Agreement will be subject to
withholding of applicable income, employment and other taxes.

          (g) Counterparts. This Agreement may be executed in counterparts, each of which will
be deemed an original, but all of which together will constitute one and the same instrument.

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     IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of
the Company by its duly authorized officer, as of the day and year first above written.

	 	 	 	 	 
	COMPANY:

	 	FOXHOLLOW TECHNOLOGIES, INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Mark Meltzer, VP, General Counsel
 

	 	 
	 
	 	 	 	 
	EMPLOYEE:

	 	/s/ John B. Simpson
 

John B. Simpson, Ph.D., M.D.

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