Document:

exv10w1

 

	 	 	 	 	 

Exhibit 10.1

AMENDMENT

TO

HOME BANCSHARES, INC.

2006 STOCK OPTION AND PERFORMANCE INCENTIVE PLAN

     The first sentence of Article 2.2 of the Home BancShares, Inc. 2006 Stock Option and
Performance Incentive Plan is hereby amended to read in its entirety as follows:

The maximum aggregate number of shares of the Company’s Common
Stock, par value $.01 per share (the “Common Stock”), available
for award as Options, Restricted Shares, Performance Shares,
Performance Units and Unrestricted Shares under the Plan,
including shares of Common Stock awarded as Tax Offset Payments,
is 1,500,000, all of which are subject to adjustment pursuant to
Article 16.

     APPROVED by the shareholders of Home BancShares, Inc. at the annual meeting of shareholders
duly called and held this 9th day of May, 2007.

	 	 	 	 	 
	 	 	 
	 	      /s/ C. Randall Sims
 	 
	 	C. Randall Sims, Secretaryexv10w01

 

EXHIBIT 10.1

April 19, 2007

Mr. Sal Cobar

1070 E. Arques Avenue

Sunnyvale, CA 94085

Dear Sal;

Silicon Image, Inc. (the “Company”) is pleased to confirm our offer to you your new position of
Vice President, Worldwide Sales reporting to Steve Tirado starting April 23, 2007. The terms of
our offer and the benefits currently provided by the Company are as follows:

	1.	 	Your compensation will be $350,000 at target earnings and will be subject to annual review.
Your base salary will be $210,000, and your sales bonus will be $140,000 at 100% of target.
In addition for 2007 only, we will guarantee payment of your sales bonus for the second
quarter (ending June 30) and third quarter (ending September 30) at 100% of target.
Additionally, you will be eligible to participate in the regular health insurance and other
employee benefit plans established by the Company for its employees from time to time.
	 
	2.	 	As an employee of the Company you will have access to certain Company confidential
information and you may, during the course of your employment, develop certain information or
inventions which will be the property of the Company. During the period that you render
services to the Company, you agree to not engage in any employment, business or activity that
is in any way competitive with the business or proposed business of the Company. You will
disclose to the Company in writing any other gainful employment, business or activity that you
are currently associated with or participate in that competes with the Company. The “Employee
Inventions and Confidentiality Agreement” which you previously signed shall remain in full
force during the course of your employment with the Company.
	 
	3.	 	We will recommend that the Board approve a grant to you, contingent on you accepting your new
role as Vice President, Worldwide Sales, of stock options in the amount of 100,000 shares of
the Company’s Common Stock. The grant date for such grant of stock options shall be the first
15th day of the calendar month after you commence work at the Company in your new
role as Vice President, Worldwide Sales, and the exercise price for such grant shall be the closing
price on such grant date. Provided you continue to provide services to the Company, the stock
options will become vested and exercisable with respect to 25% of the total shares granted on the 12
month anniversary date of the grant date, and thereafter on the 15th day of each
succeeding month
an additional 2.083% of the total shares granted under the stock option will become vested and
exercisable. However, the grant of such stock options by the Company is subject to the
Board’s approval and this promise to recommend such approval is not a promise of compensation, and is
not intended to create any obligation on the part of the Company. Further details on the
Company’s stock option plan and on any specific stock option grant to you will be provided upon
approval of such stock option grant by the Board.

1060 E. Arques Avenue, Sunnyvale CA 94085 408 616 4000 www.siliconimage.com

 

 

	4.	 	While we look forward to a long and profitable relationship, should you decide to accept our
offer, you will remain an at-will employee of the Company, which means the employment
relationship can be terminated by either of us for any reason or no reason, at any time and
without cause or prior notice. Any statements or representations to the contrary (and, indeed,
any statements contradicting any provision in this letter) should be regarded by you as
ineffective. Further, your participation in any stock option or benefit program is not to be
regarded as assuring you of continuing employment for any particular period of time. The at-will
nature of your employment with the Company may only be changed in a written agreement
signed by the Company’s CEO.
	 
	5.	 	You and the Company agree to submit to mandatory and exclusive binding arbitration any
controversy or claim arising out of, or relating to, this Agreement or any breach hereof,
provided,
however, that the parties retain their right to, and shall not be prohibited, limited or in any
other
way restricted from, seeking or obtaining injunctive relief from a court having jurisdiction
over
the parties for any alleged violation of the Employee Invention Assignment and Confidentiality
Agreement. Such arbitration shall be conducted through JAMS in the State of California, Santa
Clara County, before a single arbitrator, in accordance with the JAMS Employment Arbitration
Rules and Procedures in effect at that time. The arbitrator must decide all disputes in
accordance
with California law and shall have power to decide all matters, including arbitrability. You
will
bear only those costs of arbitration you would otherwise bear had you brought a covered claim in
court. When the arbitrator has issued a decision, judgment on that decision may be entered in
any court having jurisdiction thereof. We each understand and agree that we are waiving a trial
by jury. However, this arbitration provision shall not affect your right to file an
administrative
claim before any government agency where, as a matter of law, the parties may not restrict the
Employee’s ability to file an administrative claim with said agency (by way of example, claims
before the Equal Employment Opportunity Commission and the National Labor Relations
Board). Otherwise, the parties agree that arbitration shall be the exclusive remedy for
administrative claims.
	 
	6.	 	This offer will remain valid until Friday, April 20, 2007. If you decide to accept our
offer
please sign the enclosed copy of this letter in the space indicated and return it to the Human
Resource department. Your signature will acknowledge that you have read and understood and
agreed to the terms and conditions of this offer. Should you have anything else that you wish to
discuss, please do not hesitate to call.

     Sal, we look forward to our continued working relationship with you at Silicon Image, Inc. in
your new role.

	 	 	 	 	 
	Sincerely,

Silicon Image, Inc

 	 
	
 	 
	 	 
	Doug Haslam

Vice President Human Resources 	 

 

 

	 	 	 	 	 

My signature below indicates acceptance of the terms and conditions of this offer and
acknowledgement that I have read and understood the terms and conditions of this offer. I further
acknowledge that no other commitments or representations were made to me as part of my employment
offer except as specifically set forth herein.

	 	 	 
		 	4/20/07 
	 
	 	 
	Sal Cobar
	 	Dateexv10w02

 

 EXHIBIT 10.2

SALES COMPENSATION PLAN

SALES COMPENSATION PLAN FOR VICE PRESIDENT OF WORLDWIDE SALES

FOR FISCAL YEAR 2007

     The current Vice President of Worldwide Sales
 (the “VP of Worldwide Sales”) of Silicon
Image, Inc. (the “Company”) will receive a cash payment based on the percentage of achievement of
the quota goal for the fiscal year ending December 31, 2007, as set forth in the table below.

	 	 	 	 	 	 	 	 	 
	Percent	 	 	 	 
	Achievement of	 	Amount of Cash	 	Percent of Incentive
	Planned Revenue	 	Incentive Payment	 	Target Amount
	70%
	 	$	98,000	 	 	 	70.00	%
	75%
	 	$	105,000	 	 	 	75.00	%
	80%
	 	$	112,000	 	 	 	80.00	%
	85%
	 	$	119,000	 	 	 	85.00	%
	90%
	 	$	126,000	 	 	 	90.00	%
	95%
	 	$	133,000	 	 	 	95.00	%
	100%
	 	$	140,000	 	 	 	100.00	%
	105%
	 	$	176,250	 	 	 	125.89	%
	110%
	 	$	234,250	 	 	 	167.32	%
	115%
	 	$	306,750	 	 	 	219.11	%
	120%
	 	$	379,250	 	 	 	270.89	%
	125%
	 	$	451,750	 	 	 	322.68	%
	130%
	 	$	524,250	 	 	 	374.46	%
	135%
	 	$	596,750	 	 	 	426.25	%
	140%
	 	$	669,250	 	 	 	478.04	%
	145%
	 	$	741,750	 	 	 	529.82	%
	150%
	 	$	814,250	 	 	 	581.61	%

No amounts are payable if the VP of Worldwide Sales  achieves less than seventy percent (70%)
of his quota goal. A cash incentive payment in the amount of $98,000 is payable to the VP of
Worldwide Sales upon achievement of seventy percent (70%) of his quota goal. An incremental cash
incentive payment is payable to the VP of Worldwide Sales in the amount of $1,400 for each
incremental percentage point of his quota goal achieved between seventy one percent (71%) and one
hundred percent (100%). Thereafter, an incremental cash incentive payment is payable in the amount
of $7,250 for each incremental percentage point of his quota goal achieved between one hundred one
percent (101%) and one hundred seven percent (107%). An incremental cash incentive payment is
payable in the amount of $14,500 for each incremental percentage point of his quota goal achieved
over one hundred seven percent (107%). The amount of cash incentive payment payable under this Plan
is not capped. Actual amounts between the percentage point shown in the table above will be
calculated on pro-rata basis.

For 2007 only, the company is guaranteeing minimum cash payments to the VP of Worldwide Sales for
the second quarter (three month period ending June 30) and third quarter (three month period ending
September 30) assuming achievement of one hundred percent (100%) of the quota goals for such
periods; provided, however, that the cash payment for the second quarter will be prorated beginning
April 23, 2007 (the date that the VP of Worldwide Sales assumed the position) thru the end of the
second quarter. The fourth quarter (period ending December 31) will be paid based on actual
results.

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