Document:

Amended Form of Restricted Stock Unit Award

 Exhibit 10.7 
 DISCOVER FINANCIAL SERVICES 
 DIRECTORS’ COMPENSATION PLAN 
 2007 FOUNDERS GRANT 
 AWARD CERTIFICATE FOR 
 RESTRICTED
STOCK UNITS 

 TABLE OF CONTENTS FOR AWARD
CERTIFICATE 
  

					
	 1.
	  	Stock units generally	  	2
			
	 2.
	  	Vesting schedule and conversion	  	3
			
	 3.
	  	Dividend equivalent payments	  	3
			
	 4.
	  	Death and Disability	  	4
			
	 5.
	  	Change in Control	  	4
			
	 6.
	  	Termination of Service and cancellation of awards	  	4
			
	 7.
	  	Satisfaction of obligations	  	4
			
	 8.
	  	Nontransferability	  	5
			
	 9.
	  	Designation of a beneficiary	  	5
			
	 10.
	  	Ownership and possession	  	5
			
	 11.
	  	Securities law compliance matters	  	6
			
	 12.
	  	Compliance with laws and regulations	  	6
			
	 13.
	  	No entitlements	  	6
			
	 14.
	  	Consents under local law	  	7
			
	 15.
	  	Award modification	  	7
			
	 16.
	  	Severability	  	7
			
	 17.
	  	Governing law	  	7
			
	 18.
	  	Defined terms	  	8

  

 1 

 DISCOVER FINANCIAL SERVICES 
 DIRECTORS’ COMPENSATION PLAN 
 2007 FOUNDERS GRANT 
 AWARD
CERTIFICATE FOR RESTRICTED STOCK UNITS 
 Discover has awarded
to you restricted stock units as an incentive for you to continue to provide services as a Director of the Company from the Date of the Award through the Scheduled Vesting Dates, as provided in this Award Certificate. This Award Certificate sets
forth the general terms and conditions of your 2007 Founders Grant restricted stock unit award. 
 The number of restricted stock units in
your award has been communicated to you separately in writing delivered to you. 
 Your restricted stock unit award is made pursuant to the
Plan. References to “restricted stock units” in this Award Certificate mean only those restricted stock units included in your 2007 Founders Grant restricted stock unit award, and the terms and conditions herein apply only to such award.
If you receive any other award under the Plan or another equity compensation plan, it will be governed by the terms and conditions of the applicable award documentation, which may be different from those herein. 
 The purpose of the restricted stock unit award is, among other things, to align your interests with the interests of Discover and to reward you for your
continued service as a Director of Discover in the future. In view of these purposes, you will earn each portion of your 2007 Founders Grant restricted stock unit award only if you remain in continuous service as a Director of Discover through the
applicable Scheduled Vesting Date. 
 Section 409A of the Internal Revenue Code imposes rules relating to the taxation of deferred
compensation, including your 2007 Founders Grant restricted stock unit award. Discover reserves the right to modify the terms of your 2007 Founders Grant restricted stock unit award, including, without limitation, the payment provisions applicable
to your restricted stock units, to the extent necessary or advisable to comply with Section 409A of the Internal Revenue Code. 
 Capitalized terms used in this Award Certificate that are not defined in the text have the meanings set forth in Section 18 below. Capitalized terms used in this Award Certificate that are not defined in the text or in Section 18
below have the meanings set forth in the Plan. 
  

	1.	Stock units generally. 

 Each of your
restricted stock units corresponds to one share of Discover common stock. A restricted stock unit constitutes an unsecured promise by Discover to 

  

 2 

 
pay you one share of Discover common stock on the conversion date for the restricted stock unit. As the holder of restricted stock units, you have only the
rights of a general unsecured creditor of Discover. You will not be a stockholder with respect to the shares of Discover common stock underlying your restricted stock units unless and until your restricted stock units convert to shares. 

 

	2.	Vesting schedule and conversion. 

 (a) Vesting schedule. Your restricted stock units will vest according to the following schedule: (i) 50% of your restricted stock units will vest on the First Scheduled Vesting Date, and (ii) the remaining 50%
of your restricted stock units will vest on the Second Scheduled Vesting Date. Any fractional restricted stock units resulting from the application of the vesting schedule will be aggregated and will vest on the First Scheduled Vesting Date. Except
as otherwise provided in this Award Certificate, each portion of your restricted stock units will vest only if you continue to provide future services to Discover by remaining in continuous service as a Director of Discover through the applicable
Scheduled Vesting Date. The special vesting terms set forth in Sections 4 and 5 of this Award Certificate apply (i) if your service as a Director of Discover terminates by reason of your death or Disability or (ii) upon a Change in
Control. 
 (b) Conversion. Except as otherwise provided in this Award Certificate, each of your vested restricted stock
units will convert to one share of Discover common stock on the applicable Scheduled Vesting Date. 
 The shares received upon conversion of
restricted stock units will be delivered as soon as administratively practicable thereafter and will not be subject to any transfer restrictions, other than those that may arise under the securities laws or Discover’s policies. 
  

	3.	Dividend equivalent payments. 

 Until your
restricted stock units convert to shares, if Discover pays a regular or ordinary cash dividend on its common stock, you will be paid a dividend equivalent for your vested and unvested restricted stock units. No dividend equivalents will be paid to
you with respect to any canceled restricted stock units. 
 Discover will decide on the form of payment and may pay dividend equivalents in
shares of Discover common stock, in cash or in a combination thereof. Discover will pay the dividend equivalent as soon as administratively practicable after Discover pays the corresponding dividend on its common stock. 
  

 3 

	4.	Death and Disability. 

 The following special
vesting and payment terms apply to your restricted stock units: 
 (a) Death. If your service as a Director of Discover
terminates due to death, all of your unvested restricted stock units will vest on the date your service terminates. Your restricted stock units will convert to shares of Discover common stock and be delivered to the beneficiary you have designated
pursuant to Section 9 or the legal representative of your estate, as applicable, as soon as administratively practicable after Discover receives appropriate notice of your death. 
 (b) Disability. If your service as a Director of Discover terminates due to Disability, all your unvested restricted stock units
will vest on the date your service terminates. On that date, your restricted stock units will convert to shares of Discover common stock and be delivered to you as soon as administratively practicable thereafter. 
  

	5.	Change in Control. 

 If there is a Change in
Control, all of your restricted stock units will immediately vest. On the date of a Change in Control, your restricted stock units will convert to shares of Discover common stock and be delivered as soon as administratively practicable thereafter.

  

	6.	Termination of Service and cancellation of awards. 

 Your unvested restricted stock units will be canceled if your service as a Director of Discover terminates for any reason other than under the circumstances set forth in this Award Certificate for death or Disability. 
  

	7.	Satisfaction of obligations. 

 Notwithstanding any other provision of this Award Certificate, Discover may, in its sole discretion, take various actions affecting your restricted stock units in order to collect amounts sufficient to satisfy any obligation that you owe to
Discover and any tax or other withholding obligations. These actions include the following: 
 (a) Upon conversion of restricted stock
units, including any accelerated conversion pursuant to Sections 4 or 5 above, or, if later, upon delivery of the shares of Discover common stock, Discover may withhold a number of shares sufficient to satisfy any obligation that you owe to the
Company and any tax or other withholding obligations. Discover shall determine the number of shares to be withheld by dividing the dollar value of your obligation to Discover and any tax or other withholding obligations by the fair market value of
Discover common stock on the date of conversion, or, if later, on the date the shares of Discover common stock are delivered. 
  

 4 

 (b) Discover may withhold the payment of dividend equivalents on your restricted stock units to
ensure satisfaction of any obligation that you owe Discover or any tax or other withholding obligations. 
 Discover’s determination of
the amount that you owe to it shall be conclusive. The fair market value of Discover common stock for purposes of the foregoing provisions shall be determined using a valuation methodology established by Discover. 
  

	8.	Nontransferability. 

 You may not sell,
pledge, hypothecate, assign or otherwise transfer your restricted stock units, other than as provided in Section 9 (which allows you to designate a beneficiary or beneficiaries in the event of your death) or by will or the laws of descent and
distribution. This prohibition includes any assignment or other transfer that purports to occur by operation of law or otherwise. During your lifetime, payments relating to the restricted stock units will be made only to you. 
 Your personal representatives, heirs, legatees, beneficiaries, successors and assigns, and those of Discover, shall all be bound by, and shall benefit
from, the terms and conditions of your award. 
  

	9.	Designation of a beneficiary. 

 You may make
a written designation of beneficiary or beneficiaries to receive all or part of the shares to be paid under this Award Certificate in the event of your death. To make a beneficiary designation, you must complete and file the form attached hereto as
Appendix A with the Human Resources Department. 
 Any shares that become payable upon your death, and as to which a designation of
beneficiary is not in effect, will be distributed to your estate. 
 You may replace or revoke your beneficiary designation at any time. If
there is any question as to the legal right of any beneficiary to receive shares under this award, Discover may determine in its sole discretion to deliver the shares in question to your estate. Discover’s determination shall be binding and
conclusive on all persons and it will have no further liability to anyone with respect to such shares. 
  

	10.	Ownership and possession. 

 (a)
Generally. Generally, you will not have any rights as a stockholder in the shares of Discover common stock corresponding to your restricted stock units prior to conversion of your restricted stock units. Prior to conversion of your
restricted stock units, however, you will receive dividend equivalent payments, as set forth in Section 3 of this Award Certificate. 
 To the extent necessary or advisable to comply with Section 409A of the Internal Revenue Code, with respect to any provision of this Award Certificate that 

  

 5 

 
provides for vested restricted stock units to convert to shares of Discover common stock on or as soon as administratively practicable after a specified
event or date, such conversion will be made by the later of the end of the calendar year in which the specified event or date occurs or the 15th day of the third calendar month following the specified event or date. 
 (b)
Following conversion. Following conversion of your restricted stock units you will be the beneficial owner of the net shares issued to you, and you will be entitled to all rights of ownership, including voting rights and the right to receive
cash or stock dividends or other distributions paid on the shares. 
  

	11.	Securities law matters. 

 Shares of Discover
common stock issued upon conversion of your restricted stock units may be subject to restrictions on transfer by virtue of the Securities Act of 1933, as amended. Discover may advise the transfer agent to place a stop order against such shares if it
determines that such an order is necessary or advisable. Because Discover common stock will only be maintained in book-entry form, you will not receive a stock certificate representing your interest in such shares. 
  

	12.	Compliance with laws and regulations. 

 Any
sale, assignment, transfer, pledge, mortgage, encumbrance or other disposition of shares issued upon conversion of your restricted stock units (whether directly or indirectly, whether or not for value, and whether or not voluntary) must be made in
compliance with any applicable constitution, rule, regulation, or policy of any of the exchanges or associations or other institutions with which Discover has membership or other privileges, and any applicable law, or applicable rule or regulation
of any governmental agency, self-regulatory organization or state or federal regulatory body. 
  

	13.	No entitlements. 

 (a) No
right to continued service. Nothing in this Award Certificate or the Plan shall confer the right to continue as a Director of Discover or any right to continue in the service of Discover during any period (including without limitation the period
between the Date of the Award and the First Scheduled Vesting Date and the Second Scheduled Vesting Date, or any portion of any of these periods). 
 (b) No right to future awards. This award does not confer on you any right or entitlement to receive another award of restricted stock units or any other equity-based award at any time in the future or in respect of any
future period. 
 (c) No effect on future compensation. This award does not confer on you any right or entitlement to
receive compensation in any specific amount for any future fiscal year. 
  

 6 

	14.	Consents under local law. 

 Your award is
conditioned upon the making of all filings and the receipt of all consents or authorizations required to comply with, or required to be obtained under, applicable local law. 
  

	15.	Award modification. 

 Discover reserves the
right to modify or amend unilaterally the terms and conditions of your restricted stock units, without first asking your consent, or to waive any terms and conditions that operate in favor of Discover. These amendments may include (but are not
limited to) changes that Discover considers necessary or advisable as a result of changes in any, or the adoption of any new, Legal Requirement. Discover may not modify your restricted stock units in a manner that would materially impair your rights
in your restricted stock units without your consent; provided, however, that Discover may, without your consent, amend or modify your restricted stock units in any manner that Discover considers necessary or advisable to comply with
any Legal Requirement or to ensure that your restricted stock units are not subject to United States federal, state or local income tax or any equivalent taxes in territories outside the United States prior to payment. Discover will notify you of
any amendment of your restricted stock units that affects your rights. Any amendment or waiver of a provision of this Award Certificate (other than any amendment or waiver applicable to all recipients generally), which amendment or waiver operates
in your favor or confers a benefit on you, must be in writing and signed by Discover’s Head of Human Resources (or if such positions no longer exist, by the holder of an equivalent position) to be effective. 
  

	16.	Severability. 

 In the event Discover
determines that any provision of this Award Certificate would cause you to be in constructive receipt for United States federal or state income tax purposes of any portion of your award, then such provision will be considered null and void and this
Award Certificate will be construed and enforced as if the provision had not been included in this Award Certificate as of the date such provision was determined to cause you to be in constructive receipt of any portion of your award. 
  

	17.	Governing law. 

 This Award Certificate and
the related legal relations between you and Discover will be governed by and construed in accordance with the laws of the State of Delaware, without regard to any conflicts or choice of law, rule or principle that might otherwise refer the
interpretation of the award to the substantive law of another jurisdiction. 
  

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	18.	Defined terms. 

 For purposes of this Award
Certificate, the following terms shall have the meanings set forth below: 
 (a) “Board” means
the Board of Directors of Discover. 
 (b) A “Change in Control” means, except as provided
otherwise below, any of the following events: 
 (1) any person (as defined in Section 3(a)(9) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), as such term is modified in Sections 13(d) and 14(d) of the Exchange Act), other than (i) any employee plan established by Discover or any of its subsidiaries,
(ii) any group of employees holding shares subject to agreements relating to the voting of such shares, (iii) Discover or any of its affiliates (as defined in Rule 12b-2 promulgated under the Exchange Act), (iv) an underwriter
temporarily holding securities pursuant to an offering of such securities, or (v) a corporation owned, directly or indirectly, by stockholders of Discover in substantially the same proportions as their ownership of Discover, is or becomes the
beneficial owner, directly or indirectly, of securities of Discover (not including in the securities beneficially owned by such person any securities acquired directly from Discover or its affiliates other than in connection with the acquisition by
Discover or its affiliates of a business) representing 30% or more of either the total fair market value or total voting power of the stock of Discover; 
 (2) a change in the composition of the Board such that individuals who, as of the Date of the Award, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board; provided, however, that any individual becoming a member of the Board subsequent to the Date of the Award whose election, or nomination for election by Discover’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board; 
 (3) the consummation of a merger or consolidation of Discover with any other corporation or other entity, or the issuance of voting
securities in connection with a merger or consolidation of Discover (or any direct or indirect subsidiary of Discover) pursuant to applicable stock exchange requirements, other than (A) a merger or consolidation which results in the voting
securities of Discover outstanding immediately prior thereto 

  

 8 

 
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof), in
combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of Discover or any of its subsidiaries, at least 50% of the combined voting power of the voting securities of Discover or such
surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (B) a merger or consolidation effected to implement a recapitalization of Discover (or similar transaction) in which no person (determined
pursuant to clause 18(b)(1) above) is or becomes the beneficial owner, directly or indirectly, of securities of Discover (not including in the securities beneficially owned by such person any securities acquired directly from Discover or its
affiliates other than in connection with the acquisition by Discover or its affiliates of a business) representing 30% or more of either the then outstanding shares of Discover’s common stock or the combined voting power of Discover’s then
outstanding voting securities; or 
 (4) the stockholders of Discover approve a plan of complete liquidation of
Discover or an agreement for the sale or disposition by Discover of all or substantially all of Discover’s assets, other than a sale or disposition by Discover of all or substantially all of Discover’s assets to an entity, at least 50% of
the combined voting power of the voting securities of which are owned by persons in substantially the same proportions as their ownership of Discover immediately prior to such sale. 
 Notwithstanding the foregoing, no Change in Control shall be deemed to have occurred if there is consummated any transaction or series of integrated
transactions immediately following which the beneficial holders of Discover’s common stock immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in an entity which owns
substantially all of the assets of Discover immediately prior to such transaction or series of transactions. 
 (c)
“Date of the Award” means July 2, 2007. 
 (d)
“Disability” means a “permanent and total disability,” as defined in Section 22(e)(3) of the Internal Revenue Code. 
 (e) “First Scheduled Vesting Date” means July 2, 2008. 
 (f)
“Discover” means Discover Financial Services, a Delaware corporation. 
  

 9 

 (g) “Internal Revenue Code” means the United States Internal
Revenue Code of 1986, as amended, and the rules, regulations and guidance thereunder. 
 (h) “Legal Requirement”
means any law, regulation, ruling, judicial decision, accounting standard, regulatory guidance or other legal requirement. 
 (i) “Plan” means the Discover Financial Services Directors’ Compensation Plan, as in effect from time to time. 
 (j) “Scheduled Vesting Date” means the First Scheduled Vesting Date and/or the Second Scheduled Vesting Date, as the context requires. 
 (k) “Second Scheduled Vesting Date” means July 2, 2009. 
 IN WITNESS WHEREOF, Discover has duly executed and delivered this Award Certificate as of the Date of the Award. 
  

			
	DISCOVER FINANCIAL SERVICES
		
	By:	 	   
		 	Marcelo Modica
		 	Vice President, Human Resources

  

 10 

 APPENDIX A 
 Designation of Beneficiary(ies) Under 
 Discover Equity Compensation Plans 
 This Designation of Beneficiary shall remain in effect with respect to all awards issued to me under any Discover equity compensation plan, including any awards that may
be issued to me after the date hereof, unless and until I modify or revoke it by submitting a later dated beneficiary designation. This Designation of Beneficiary supersedes all my prior beneficiary designations with respect to all my equity awards.

 I hereby designate the following beneficiary(ies) to receive any survivor benefits with respect to all my equity awards: 
  

							
	  	 	 Beneficiary(ies) Name
	  	 Relationship
	  	 Percentage

	 (1)
	 	 __________________
	  	__________________	  	__________________
	 (2)
	 	 __________________
	  	__________________	  	__________________
	 (3)
	 	 __________________
	  	__________________	  	__________________
	 (4)
	 	 __________________
	  	__________________	  	__________________

 Address(es) of Beneficiary(ies): 

	(1)	

	(2)	

	(3)	

	(4)	

  

					
	  	  	  	  	
	Name: (please print)	  	Date	  	

  

	
	   
	Signature

 Please sign and return this form to the Human Resources Department, Discover Financial Services, 2500 Lake Cook
Road, Riverwoods, IL 60015. 
  

 11Transition Services and General Release Agreement

 EXHIBIT 10.01 
 

 
 May 18, 2006 
  

	Re:	Transition Services & General Release Agreement (the “Agreement”) 

 Dear Jim: 
 This will confirm that, provided you sign and return this Agreement to me, your employment with
VeriSign, Inc. (“VeriSign”) will terminate effective March 3, 2007, unless terminated sooner in accordance with the terms and conditions of this Agreement (the “Termination Date”). In light of what VeriSign anticipates will
be a continuing need for your expertise during a transition period, in an effort to ensure an amicable and smooth separation, and in consideration for your execution of this Agreement, VeriSign is prepared to offer you a severance package under the
following terms and conditions: 
 1. Transition Services 
 A. You agree to continue in your role as General Counsel on a full-time basis until September 3, 2006, unless your employment is terminated for cause before that time pursuant to Section 3 below. 

B. Until September 3, 2006, you agree to assist VeriSign, as may be reasonably requested, with (1) its search for a successor General
Counsel and (2) the transition of your duties to a successor General Counsel. In the event that a successor General Counsel is fully transitioned into his/her role before September 3, 2006, you will remain employed on a full-time basis
until September 3, 2006, with responsibilities to be mutually agreed upon. 
 C. From September 4, 2006 through March 3, 2007,
you will remain employed on a part-time basis as an employee consultant. During this time, you agree to provide legal services for the company on matters on an as-needed as-available basis for up to forty (40) hours per month. 
 D. Upon the termination of your employment, you agree to sign a General Release Agreement in the form attached as Exhibit A to this Agreement.

 2. Consideration from VeriSign. 
 A.
Salary. From the Effective Date of this Agreement through September 3, 2006, VeriSign agrees to pay you a salary in the same amount as the salary it paid to you immediately before the Effective Date of this Agreement, less standard
withholdings and deductions. Such payments shall be made according to VeriSign’s standard salary payments schedule. 
 B. Monthly
Retainer. From September 2006 through February 2007, VeriSign will pay you a monthly retainer of Ten Thousand Dollars ($10,000), less standard withholdings and deductions (the “Monthly Retainer”), provided you remain employed by
VeriSign during that time and provide legal services for the company on an as-needed as-available basis for up to forty (40) hours per month if requested by VeriSign. 
 C. Hourly Fee. From September 4, 2006 through March 3, 2007, VeriSign also will pay you at an hourly rate of $250 per hour (the
“Hourly Fee”) for your legal services. In order for VeriSign to have the necessary information to pay you the appropriate Hourly Fee for your services, you agree to submit to VeriSign a written summary of your hours worked for the month
within thirty (30) days of the end of the month in which the hours were worked. 
 D. Benefits. From the Effective Date of this
Agreement until the Termination Date, you will be provided health insurance, dental insurance and life insurance benefits for yourself and your family all at the same level and rates as you received immediately before the Effective Date of this
Agreement. After September 3, 2006, you will no longer accrue paid time off (“PTO”). 

 E. Vesting of Stock Options. For the purpose of clarification, from the Effective Date of this
Agreement until the Termination Date your unvested VeriSign, Inc. stock options will continue to vest in accordance with the terms and conditions of the applicable stock option plan. 
 F. Option Acceleration. In the event that VeriSign is acquired before the Termination Date, you will receive the acceleration of vesting of fifty
percent (50%) of your then unvested options just as you would have received if you were a Senior Vice President at the time of such an acquisition. 
 G. Accrued PTO. On or about the Termination Date, you will receive a paycheck for any PTO that you have accrued but not used as of the Termination Date. 
 H. Travel & Related Expenses. For the purpose of clarification, during the time you are providing services as an employee consultant you
will be eligible to receive reimbursement of any VeriSign work related travel costs and related expenses in accordance with the terms and conditions of the VeriSign Travel and Expense Reimbursement Policy. 
 I. Except as expressly provided for above, you shall not be entitled to any other or further compensation, remuneration, reimbursement, payments,
bonuses, options, stock, or other equity issue of or from VeriSign. 
 3. Termination. VeriSign may only terminate your employment before
March 3, 2007 for cause (“Cause”). For the purposes of this Agreement, “Cause” shall include, but is not limited to: willful misconduct, gross negligence, theft, fraud or other illegal conduct, refusal to perform your job
duties, unlawful harassment, and breach of any term of this Agreement. In the event that VeriSign becomes aware of information that would justify terminating your employment for Cause then VeriSign may terminate your employment for Cause at any time
effective immediately. In the event that VeriSign terminates your employment for Cause then VeriSign shall pay you the amount due to you as of your Termination Date but thereafter shall have no further payment obligations to you. 
 You may terminate your employment before March 3, 2007 for any reason upon thirty (30) days prior notice. In the event you terminate your
employment, VeriSign shall have no further payment obligations to you. 
 4. Nonsolicitation. During the term of your employment with VeriSign and for
one year after the Termination Date, you agree that you will not solicit, encourage or induce any VeriSign employee to terminate his/her employment with VeriSign for the purpose of either working for you or any other entity. Notwithstanding the
foregoing, nothing in this Agreement shall prohibit any entity from hiring any VeriSign employee who seeks employment on his/her own initiative with such entity. 
 5. Severability. Should any provision of this Agreement be declared or determined by a court of competent jurisdiction to be invalid or otherwise unenforceable, the remaining parts, terms and provisions shall continue to be valid,
legal and enforceable, and will be performed and enforced to the fullest extent permitted by law. 
 6. Employee Acknowledgements. You acknowledge
that the amounts to be paid by VeriSign under this Agreement are adequate consideration for your execution of this Agreement. Your signing this Agreement will acknowledge that you are advised to consult with legal counsel, if you so desire. This
Agreement will be binding on your heirs, administrators, representatives, executors, successors and assigns and will inure to the benefit of VeriSign and its successors and assigns. Your signature below will indicate that you are entering into this
Agreement freely and with a full understanding of its terms. 
 7. Counterparts. This Agreement may be executed in counterparts, and each counterpart
shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned. This Agreement may be signed via facsimile. 
 8. Entire Agreement. This Agreement contains the entire agreement between you and VeriSign and supersedes all prior agreements or understandings between you and
VeriSign, or any entity that has been acquired 

 
by VeriSign, concerning your employment with VeriSign and the other subject matters of this Agreement, with the exception of any confidentiality agreement
you may have entered into that protects VeriSign’s confidential information or any agreement you may have entered into that assigns ownership of intellectual property to VeriSign. No changes to this Agreement will be valid unless in writing and
signed by both you and an authorized representative of VeriSign. 
 Please indicate your acceptance of the foregoing by signing below and
returning the signed agreement to me. 
  

	
	Yours very truly,
	
	 /s/ R. George Haddad

	George Haddad
	SVP, Human Resources

 I, JAMES ULAM, HAVE READ AND UNDERSTAND THIS AGREEMENT, AND I ENTER INTO IT VOLUNTARILY,
WITH FULL KNOWLEDGE OF ITS EFFECT. 
  

					
	 /s/ James M. Ulam
	 		 	05/18/06
	Signature	 		 	Date
			
	 /s/ Frances Jennings
	 		 	05/18/06
	Witness	 		 	Date

 EXHIBIT A – GENERAL RELEASE AGREEMENT 
 

 
 Dear Jim: 
 This
will confirm that your employment with VeriSign, Inc., (“VRSN”), will terminate effective
                                 (the “Termination Date”). The benefits
package being offered to you in an effort to ensure an amicable and smooth separation is detailed in this Agreement between you and VRSN. 
 1. In consideration for the covenants and promises herein, and provided you sign this Agreement, you will be provided with the following benefits: 
 1.1 VRSN will make payment to you in an amount equivalent to two months’ COBRA premium (consistent with your current coverage levels), less standard withholding and deductions, assuming you are eligible for COBRA
through the VRSN Medical, Dental and/or Vision Plans. 
 1.2 After the Termination Date, any remaining continuation and/or conversion rights
to health insurance benefits will be as provided by applicable law and will follow under separate letter. 
 1.3 Except as provided for
above, you shall not be entitled to any other or further compensation, remuneration, reimbursement payments, options, stock, or other equity issue of or from VRSN. 
 2. In consideration for the above benefits and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, your signature below indicates your agreement as follows: 
 2.1 In keeping with our intent to allow for an amicable separation, and as part of our accord, and deeming this Agreement to be fair, reasonable, and
equitable, and intending to be legally bound hereby, you agree to and hereby do, for yourself and for each of your heirs, executors, administrators and assigns, forever and irrevocably fully release and discharge VRSN (including any subsidiary or
affiliated entities, and all of their respective officers, directors, employees, agents, attorneys, representatives, shareholders, predecessors, successors, purchasers, assigns, and representatives) (collectively the “VRSN Parties”) from
any and all grievances, liens, suits, judgments, claims, demands, debts, defenses, actions or causes of action, obligations, damages, and liabilities whatsoever which you now have, have had, or may have, whether the same be known or unknown, at law,
in equity, or mixed, in any way arising out of or relating in any way to any matter, act, occurrence, or transaction that occurred before or as of the Effective Date of this Agreement, including but not limited to your employment with VRSN and your
separation from VRSN. This is a General Release. You expressly acknowledge that this General Release includes, but is not limited to, your release of any tort and contract claims, arbitration claims, claims under any local, state or federal
law, wage and hour law, wage collection law or labor relations law, and any claims of discrimination on the basis of age, race, sex, sexual orientation, religion, disability, national origin, ancestry, citizenship, retaliation or any other claim of
employment discrimination or retaliation, and any claims under the Civil Rights Acts of 1964 and 1991 as amended (42 U.S.C. §§ 2000e et seq.), the Age Discrimination In Employment Act (29 U.S.C. §§ 621 et seq.), the
Americans With Disabilities Act (42 U.S.C. §§ 12101 et seq.), the Rehabilitation Act of 1973 (29 U.S.C. §§ 701 et seq.), the Family and Medical Leave Act (29 U.S.C. §§ 2601 et seq.), the Fair Labor
Standards Act (29 U.S.C. §§ 201 et seq.), and any other claim under any law prohibiting employment discrimination or relating to employment. You acknowledge that you are waiving and releasing any rights you may have under the Age
Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. You further acknowledge that you have been advised by this writing that: (i) You are advised that you may consult with an
attorney prior to executing this Agreement; (ii) You have up to twenty-one (21) days within which to consider this Agreement; (iii) You have seven (7) days following the execution of this Agreement to revoke the Agreement; and
(iv) this Agreement shall not be effective until the revocation period has expired. You acknowledge that the consideration given for this waiver and release Agreement is in addition to anything of value to which you were already entitled and is
not an employment benefit. You acknowledge that the amounts to be paid by VRSN under this Agreement are adequate consideration for your execution of this Agreement and for any and all outstanding obligations that may be owed to you by VRSN.

 You hereby knowingly waive any and all rights you have or may have under Section 1542 of the California Civil Code. Section 1542
provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 

 Notwithstanding Section 1542 of the Civil Code of California, you expressly consent that this
Agreement shall be given full force and effect according to each and all of its expressed terms and provisions, including as well those relating to unknown claims, charges, demands, suits, actions, causes of action and debts, if any. You acknowledge
that you understand the significance and consequence of this specific waiver of Section 1542. You understand that this Agreement is not an admission of liability under any statute or otherwise by VRSN, and that VRSN does not admit but denies
any violation of your legal rights. 
 2.2 You represent that you have no lawsuits, claims, or actions pending in your name, or on behalf of
any other person or entity, against VRSN or any VRSN Party. You also represent that you do not intend to bring any claims on your own behalf or on behalf of any other person or entity against VRSN or any other VRSN Party. 
 2.3 You represent that you are not aware of any possible claims by you other than the claims that you have waived and released by this Agreement. You
acknowledge that you have been advised of your right to consult with legal counsel and expressly agree to waive any rights you may have to any claims, whether the facts or basis for any cause of action are known or unknown as of the Effective Date
of this Agreement, and acknowledge such waiver under any common law principle or statute which may govern waivers of such claims. 
 2.4 You
agree that you will not counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against VRSN and/or any VRSN Party, unless under
a subpoena or other court order to do so. You further agree both to immediately notify VRSN upon receipt of any court order, subpoena, or any legal discovery device that seeks or might require the disclosure or production of the existence or terms
of this Agreement, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or legal discovery device to VRSN. You agree to make yourself available upon reasonable notice from VRSN or its attorneys to provide
testimony through declarations, affidavits, depositions or at a hearing or trial, and to work with VeriSign in preparation for such event, and to cooperate with any other reasonable request by VRSN in connection with the defense or prosecution of
any lawsuit to which VRSN is a party currently pending or filed after the Termination Date. 
 2.5 You agree to keep confidential and not to
use any trade secret, confidential business or proprietary information which you acquired during your employment with VRSN, including, but not limited to, any VRSN marketing, finance, technology, or sales information, plans, or strategies. This is
intended to cover any information of a nature not normally disclosed by VRSN to the general public. You agree that every term of this Agreement, including, but not limited to, the fact that an agreement has been reached and the amount paid, shall be
treated by you as strictly confidential, and expressly covenant not to display, publish, disseminate, or disclose the terms of this Agreement to any person or entity. 
 2.6 You agree that from the date you receive this Agreement through the Termination Date you will cooperate in performing work related tasks that may be requested of you by VRSN and you acknowledge that, in its
discretion, VRSN may relieve you from performing all work related tasks even before the Termination Date. 
 2.7 You agree to return to VRSN
either on the Termination Date or on any earlier date specified by VRSN any and all property of VRSN, including any files and any documents prepared for or by VRSN, your computer, your ID badge and any other property or equipment issued to you by
VRSN. 
 2.8 You agree to refrain from making any derogatory or disparaging remarks, statements or communications about VRSN. 
 2.9 Should any provision of this Agreement be declared or determined by a court of competent jurisdiction to be invalid or otherwise unenforceable, the
remaining parts, terms and provisions shall continue to be valid, legal and enforceable, and will be performed and enforced to the fullest extent permitted by law. 
 2.10 You agree that this Agreement contains the entire agreement between you and VRSN and supersedes all prior or contemporaneous agreements or understandings between you and VRSN, or any entity that has been acquired
by VRSN, on the subject matters of this Agreement, except this Agreement does not supersede any portion of any agreements you may have entered into that (i) provides greater protection to VRSN’s confidential or proprietary information, or
(ii) assigns ownership to VRSN or any of its subsidiaries of inventions, developments, patents, trademarks, copyrights, trade secrets or any other intellectual property. 

 3. Please read this Agreement carefully. We will hold this offer open for twenty-one (21) days,
although we would hope to conclude this matter as quickly as possible. Your signing this Agreement will acknowledge that you are advised to consult with legal counsel, if you so desire. Your signature below also will indicate that you are entering
into this Agreement freely and with a full understanding of its terms. If the terms stated above are acceptable, please confirm your acceptance and agreement by signing your name below in front of a witness, and then return to me the original
Agreement signed by you. Please also have the witness sign where indicated. Of course, you can make a copy of the Agreement for yourself. You may revoke your acceptance of this Agreement at any time within seven (7) days after you have returned
this signed Agreement to me. Revocation shall be made by delivering written notice of revocation to Human Resources, 487 E. Middlefield Road, Mountain View, CA 94043, and must be received no later than the seventh day after you return the
signed Agreement. This Agreement shall not become effective or enforceable until the date on which the revocation period expires (the “Effective Date”) and only provided you have not exercised your right to revocation. No changes to this
Agreement will be valid unless in writing and signed by both you and an authorized member of VRSN’s Human Resources department. 
 I
thank you for your service to VRSN and wish you the best of luck in your future endeavors. If you have any questions, or if there is anything that I can do to help you, please feel free to contact me. 
  

	
	Very truly yours,
	
	  

	George Haddad
	SVP Human Resources

 I, JAMES ULAM, HAVE READ AND UNDERSTAND THIS AGREEMENT, AND I ENTER INTO IT VOLUNTARILY, WITH FULL
KNOWLEDGE OF ITS EFFECT. 
  

					
	  
	 		 	  

	 Signature
	 		 	Date
			
	  
	 		 	  

	 Witness
	 		 	Date

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