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EXHIBIT 10.19

SOVEREIGN BANCORP, INC.
SENIOR OFFICERS BONUS AWARD PROGRAM
(As Amended Effective February 18, 2004)

         1.     Definitions.

                  (a)      "Bank" means Sovereign Bank.

                  (b)      "Board" means the board of directors of the
                  Corporation.

                  (c)      "Change in Control" has the same meaning as is
                  ascribed to such term, as of the Effective Date, in the
                  Sovereign Bancorp, Inc. 2001 Stock Incentive Plan.

                  (d)      "Committee" means the Compensation Committee of the
                  Board or such other committee as may be appointed by the Board
                  to administer this Program. Such term also includes the whole
                  Board to the extent it takes action with respect to
                  administrative or operational matters relating to the Program.

                  (e)      "Common Stock" means the common stock (no par value)
                  of the Corporation.

                  (f)      "Corporation" means Sovereign Bancorp, Inc.

                  (g)      "Effective Date" means September 18, 2002.

                  (h)      "Fair Market Value" of a share of Common Stock on any
                  given date means the closing sale price for such shares on
                  that date as listed on the New York Stock Exchange (or any
                  national securities exchange or quotation system on which the
                  Common Stock is then listed or reported). If a closing sale
                  price for the Common Stock for the given date is not listed or
                  reported, or if there is none, the Fair Market Value shall be
                  equal to the closing sale price on the nearest trading day
                  preceding such date. Notwithstanding the foregoing, if, in the
                  Committee's judgment, there are unusual circumstances or
                  occurrences under which the otherwise determined Fair Market
                  Value of the Common Stock does not represent the actual fair
                  value thereof, then the Fair Market Value of such Common Stock
                  shall be determined by the Committee on the basis of such
                  prices or market quotations as it shall deem appropriate and
                  fairly reflective of the then fair value of such Common Stock.

                  (i)      "Participant" means a Senior Officer who is entitled
                  to participate in the Program in accordance with the
                  provisions of Sections 2 and 4 and who has not terminated as a
                  Senior Officer. Notwithstanding the preceding sentence, a
                  Participant who terminates as a Senior Officer after having
                  earned an award, but before its payment, shall remain a
                  Participant until payment is made.

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                  (j)      "Program" means the Sovereign Bancorp, Inc. Senior
                  Officers Bonus Award Program.

                  (k)      "Senior Officer" means a member of the Office of the
                  Chairman of Sovereign Bank.

         2.       Participation. Each individual who is a Senior Officer on the
                  Effective Date shall become a Participant in the Program on
                  such date. Any individual who becomes a Senior Officer after
                  December 31, 2003, may become a Participant subject to the
                  provisions of Section 4.

         3.     Operative Terms of the Program.

                  (a)      In the event the Corporation's cash earnings,
                  determined on a consolidated and fully-diluted basis, for 2004
                  equal or exceed $1.70 per share, each Participant, who remains
                  as a Senior Officer as of December 31, 2004, shall receive a
                  cash award equal to the Fair Market Value of 10,000 shares of
                  Common Stock.

                  (b)      In the event the Corporation's cash earnings,
                  determined on a consolidated and fully-diluted basis, for 2005
                  equal or exceed $1.95 per share, each Participant, who remains
                  as a Senior Officer as of December 31, 2005, shall receive a
                  cash award equal to the Fair Market Value of 15,000 shares of
                  Common Stock.

                  (c)      In the event the Corporation's cash earnings,
                  determined on a consolidated and fully-diluted basis, for 2006
                  equal or exceed a per share amount established by the
                  Committee prior to January 1, 2006, each Participant, who
                  remains as a Senior Officer as of December 31, 2006, shall
                  receive a cash award equal to the Fair Market Value of 15,000
                  shares of Common Stock.

                  (d)      In the event the Corporation's cash earnings,
                  determined on a consolidated and fully-diluted basis, for 2007
                  equal or exceed a per share amount established by the
                  Committee prior to January 1, 2007, each Participant, who
                  remains as a Senior Officer as of December 31, 2007, shall
                  receive a cash award equal to the Fair Market Value of 15,000
                  shares of Common Stock.

                  (e)      In the event the Corporation's cash earnings,
                  determined on a consolidated and fully-diluted basis, for 2008
                  equal or exceed a per share amount established by the
                  Committee prior to January 1, 2008, each Participant, who
                  remains as a Senior Officer as of December 31, 2008, shall
                  receive a cash award equal to the Fair Market Value of 15,000
                  shares of Common Stock.

                  (f)      In addition to the target earnings per share
                  objectives described above, an award shall not be considered
                  earned with respect to a relevant year, nor shall it be paid,
                  in the event the Corporation's "Tier 1 capital" is less than
                  5.5% as of the close of such year or the Bank's asset quality
                  is worse than the average of the top 25 banks in the United
                  States (by asset size), which banks have commercial loans
                  making up at least 25% of their total loan portfolios.
                  Notwithstanding the foregoing, if one or more of the financial
                  objectives described in this section 3 are

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                  not achieved for a relevant year, the Committee, after review
                  of all relevant facts and circumstances, may determine that an
                  award (or any portion thereof) with respect to a relevant year
                  is considered earned if such determination, in the judgment of
                  the Committee, is reasonably consistent with the goals of the
                  Program.

                  (g)      All amounts payable pursuant to the preceding
                  provisions of this section shall be distributed within 30 days
                  following the filing by the Corporation of its Annual Report
                  on Form 10-K for the relevant year in which an award is
                  earned.

                  (h)      All financial calculations required in connection
                  with this Program shall be performed by, or under the
                  supervision of, the Committee; provided, however, that the
                  calculation of cash earnings shall, in any event, be
                  consistent with any year-end or other public financial
                  release, describing year-end cash earnings, made by the
                  Corporation with respect to the relevant year. The
                  determination of the value of an award hereunder shall be
                  based upon the Fair Market Value of Common Stock as of the
                  date determined by the Committee, provided, however, the
                  determination of the value of an award made pursuant to
                  Subsection (k) shall be based upon the Fair Market Value of
                  Common Stock as of the date of the Change in Control.

                  (i)      Except as otherwise provided herein, no award shall
                  be payable to any Participant for a relevant year if he or she
                  fails to remain as a Senior Officer, for any reason, through
                  the end of such year.

                  (j)      In the event of the occurrence of a stock split,
                  stock dividend, reverse stock split, or similar event with
                  respect to the Common Stock following the adoption of this
                  Program and prior to a payment of an award earned with respect
                  to any year, the amount payable with respect to any earned
                  award shall be appropriately adjusted to take into account
                  such occurrence.

                  (k)      Notwithstanding the provisions of this section, an
                  award earned hereunder with respect to a relevant year shall
                  not be paid unless an award with respect to the same year has
                  been earned under the terms of the Sovereign Bancorp, Inc.
                  Non-Employee Directors Bonus Award Program.

                  (l)      Notwithstanding the preceding provisions of this
                  section, in the event of the occurrence of a Change in
                  Control, all potential awards for any current or future fiscal
                  year shall be deemed earned as of the date of such Change in
                  Control and shall be payable to the Participants, who are
                  serving as Senior Officers immediately prior thereto, within
                  30 days after such Change in Control.

         4.       Future Participants. In the case of an individual who becomes
                  a Senior Officer following December 31, 2003, the Committee
                  may provide, in its sole discretion, for his or her
                  participation in the Program. In the event the Committee
                  provides for the participation of such an individual, it may
                  establish such additional or modified conditions on his or her
                  participation as it may deem equitable or appropriate under
                  the circumstances.

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         5.       Administration. Except as otherwise provided herein, this
                  Program shall be interpreted and administered by the
                  Committee. In furtherance of such authority, the Committee may
                  prescribe such rules, regulations, forms, and procedures as it
                  deems necessary or appropriate for the proper administration
                  of the Program.

         6.       Amendment. This Program may be amended at any time and from
                  time to time by the Board; provided, however, that no such
                  amendment may be made which adversely affects the then rights
                  of a Participant under the Program without his or her consent;
                  and provided further, that no amendment may be made solely by
                  the Board that requires the additional approval of the
                  Corporation's shareholders for tax, securities law, exchange
                  listing requirement, or other purposes.

         7.       Termination. This Program shall terminate upon the earliest to
                  occur of the following: (i) the distribution of earned awards
                  (if any) for the year 2008, (ii) the determination by the
                  Committee that the specified goals for the year 2008 were not
                  met, or (iii) the distribution of awards payable by reason of
                  a Change in Control.

         8.       Tax Withholding. Distribution of an award shall be subject to
                  satisfaction by the Participant of any tax withholding
                  requirements that may apply at the relevant time.

         9.       Number. Words used herein in the singular form shall include
                  the plural form, as the context requires, and vice versa.

         10.      Headings. The headings of the several sections of this Program
                  document have been inserted for convenience of reference only
                  and shall not be used in the construction of the same.

         11.      Applicable Law. Except to the extent pre-empted by federal
                  law, this Program document shall be administered, construed
                  and enforced in accordance with the domestic internal law of
                  the Commonwealth of Pennsylvania.

                                       4Employment Agreement 

        This
Agreement is made this 1st day of February,  2004,  between Coeur d' Alene Mines
 Corporation  ("Company")  and Donald J. Birak, ("Employee"). 

WITNESSETH: 

        In
consideration of the mutual promises and covenants herein contained to be kept and
performed by the parties hereto, the parties agree as follows: 

     1.    
          Employment. The Company hereby does employ Employee as Senior Vice
          President Exploration, and Employee accepts such employment, on the terms and
          conditions of this Agreement. 

     2.    
          Term Of Employment. The term of employment shall be from February 1,
          2004, through the 31st day of January, 2005, unless sooner terminated as herein
          provided. It is further agreed that this Agreement automatically renews from
          day-to-day so that Company and Employee are at all times bound to this Agreement
          for a period of one year, unless either party gives the other party written
          notice of intention to terminate this Agreement at the end of one year from the
          date of receipt of such notice. It is understood, however, that termination can
          occur in accordance with the provisions of paragraph 7 below, notwithstanding
          anything to the contrary in this paragraph 2. 

     3.    
          Compensation. The Company shall pay to Employee during the duration of
          the term of this Agreement as follows: 

         (a)       
          A base salary of $205,000 annually, payable in equal monthly installments, which
          may be reviewed annually during any Agreement year, and any higher salary to
          become the base salary for the purposes of this provision, it being understood,
          however, that failure to increase the salary shall not be grounds for
          termination of this Agreement; and 

         (b)       
          Such other compensation and benefits that may be made available by the Company
          in the discretion of the Board of Directors, consisting of bonuses, short-term
          and long-term incentive plans, pension plan, retirement plan, profit sharing
          plan, stock purchase plan and any other kind or type of incentive programs
          approved by the Board. It is understood that Employee shall be a participant in
          all compensation and benefit programs, including welfare benefit plans, which
          exist for the executive staff of the Company. 

     4.    
          Duties. Employee, during the term of this Agreement, shall perform the
          duties usually and customarily associated with the office specified in paragraph
          (1) above and as assigned to him from time-to-time by the Chief Executive
          Officer of Company. 

        Employee
shall devote his best efforts and substantially all of his time during business hours to
advance the interests of the Company. He shall not engage in business activity in
competition with the Company. 

     5.    
          Vacations. Employee shall be entitled to four weeks vacation during each
          year of this Agreement, during which the compensation provided in this Agreement
          shall be paid in full. 

     6.    
          Disability. In the event Employee becomes disabled (inability or
          incapacity due to physical or mental illness or injury to perform his duties)
          during the term of this Agreement, which enables him unable to perform his
          duties, he shall be entitled to participate in the Company’s disability
          payment plan in effect at the time of the disability. 

     7.    
          Termination Of Employment. This Agreement shall be terminated as follows: 

         (a)       
          At the expiration of the term set forth above. 

         (b)       
          Upon the death of Employee. 

         (c)       
          By mutual agreement of the parties. 

         (d)       
          Upon disability of Employee, when such disability renders Employee unable to
          perform his duties for more than 90 continuous days. 

         (e)       
          By the Company without giving any reason for termination, but with the
          understanding that the compensation provided herein shall be paid or provided in
          full to Employee in accordance with this Agreement, for the period of the
          duration of this Agreement as provided in paragraph 2 above. 

         (f)       
          By the Company for cause, which means that Employee has failed to perform his
          duties after having received from the Company a written notice that his duties
          are not being performed, which written notice shall specify how performance is
          deficient, and Employee then fails to resume performance promptly after receipt
          of notice and failure of performance is not rectified. For cause also means
          conviction of a felony or engagement in illegal conduct or conduct which is
          injurious to the Company, in any such case Company need not allow Employee to
          rectify nonperformance. 

         (g)       
          Upon change in control of Company, as “change in control” is defined
          in the so-called change in control agreement between Company and Employee made
          concurrently with this Agreement.. In the event of termination for this reason,
          Employee’s and Company’s rights with respect to compensation and all
          other matters related to employment shall be as specified in the change in
          control agreement, and not this Agreement. 

     8.    
          Confidentiality. Employee agrees to keep all information acquired in
          connection with his employment confidential, in accordance with the
          confidentiality agreement executed by him which is attached to this Agreement,
          marked Attachment 1. 

     9.    
          Specific Performance. Employee understands that the obligations
          undertaken by him as set forth in this Agreement are unique, and that Company
          will likely have no adequate remedy at law in the event such obligations are
          breached. Employee therefore confirms that Company has the right to seek
          specific performance if Company feels such remedy is essential to protect the
          rights of Company. Accordingly, in addition to any other remedies which Company
          might have in law or equity, it shall have the right to have all obligations
          specifically performed, and to obtain injunctive relief, preliminary or
          otherwise, to secure performance. Employee agrees that the arbitration provision
          below will not be used to assert dismissal of an action in court for injunctive
          relief, and agrees that the availability of arbitration is not intended by the
          parties to prevent Company from seeking specific performance and injunctive
          relief. 

     10.    
          Arbitration. The Company and Employee will attempt to resolve any
          disputes under this Agreement by negotiation. If any matter is not thereby
          resolved, within 30 days after written notice by either party to the other, any
          dispute or disagreement arising out of or relating to this Agreement, or the
          breach of it, will be subject to exclusive, final and binding arbitration to be
          conducted in Coeur d’ Alene, Idaho in accordance with the Labor Arbitration
          Rules of Procedure of the American Arbitration Association and the laws of the
          State of Idaho governing arbitration of disputes. 

     11.    
          Other Items. This Agreement shall not be amended or modified in any way
          unless the amendment or modification is in writing, signed by the parties. There
          shall be no oral modification of this Agreement. No provision of this Agreement
          shall be waived by conduct of the parties or in any other way. This Agreement
          and its validity, interpretation, construction and performance shall be governed
          by the laws of the State of Idaho. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
written above. 

Coeur d’ Alene Mines
Corporation 

by_____________________________ 

_____________________________
Donald J. Birak

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