Document:

First Amendment to Employment Agreement for George M. Lee

 Exhibit 10.1 
 FIRST AMENDMENT TO 
 EMPLOYMENT AGREEMENT 
 W I T N E S S E T H: 
 WHEREAS, MetroCorp Bancshares, Inc., a Texas corporation
(“Employer”), and George M. Lee, an individual resident in Houston, Harris County, Texas (“Executive”), entered into an Employment Agreement dated January 26, 2007 (the “Agreement”); and 
 WHEREAS, Section 8.8 of the Agreement provides that the Agreement may be amended by an agreement in writing signed by the parties to the Agreement;
and 
 WHEREAS, Employer and Executive desire to amend the Agreement by this First Amendment to Employment Agreement (“First
Amendment”) to make certain changes relating to Section 409A of the Internal Revenue Code of 1986 and to acknowledge the possible payment limitations of the Agreement to the extent required pursuant to the Employer’s participation in
the Troubled Asset Relief Program Capital Purchase Program of the United States Department of the Treasury (the “Treasury”); 
 NOW, THEREFORE, in consideration of the mutual covenants set forth herein and the Executive’s continued employment, the parties hereto agree that the Agreement is hereby amended as follows: 
 1. Effective as of January 1, 2009, Section 4.3 is hereby added to the Agreement as follows: 
 4.3 REIMBURSEMENTS AND IN-KIND BENEFITS 
 To the extent required by Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year will not affect the
expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year. The rights to reimbursement or in-kind benefits provided under this Agreement are not subject to liquidation or exchange for another benefit.

 2. Effective as of January 1, 2009, Section 6.5(a) is amended by adding the following at the end thereof: 
 Any reimbursements under this paragraph shall be made no later than the last day of the calendar year following the calendar year in which the expense
was incurred. To the extent required by Section 409A of the Code, the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year will not affect the expenses eligible for reimbursement, or in-kind
benefits to be provided, in any other calendar year. The rights to reimbursement or in-kind benefits provided under this Agreement are not subject to liquidation or exchange for another benefit. 

 3. Effective as of January 1, 2009, the first sentence of Section 6.5(c) is amended in its entirety as follows:

 If this Agreement is terminated by either party as a result of the Executive’s disability, as determined under Section 6.2, the
Employer will pay the Executive his Salary through the remainder of the calendar month during which such termination is effective and for the lesser of (i) three (3) consecutive months thereafter, or (ii) the period until disability
insurance benefits commence under the disability insurance coverage furnished by the Employer to the Executive, at the same time and in the same manner as the Employer’s customary payroll practices. 
 4. Effective as of January 1, 2009, Section 6.5(f) is amended in its entirety to read as follows: 
 (f) Code Section 409A. Notwithstanding any provision of this Agreement to the contrary, if at the time of the Executive’s
“separation from service” (as defined under Section 409A of the Code (“Section 409A”)) the Executive is a “specified employee” (as defined under Section 409A), then to the extent that any amount to which the
Executive is entitled in connection with his separation from service is subject to Section 409A, payments of such amounts to which the Executive would otherwise be entitled during the six (6) month period following the separation from
service will be accumulated and paid in a lump sum on the earlier of (i) the first day of the seventh month after the date of the separation from service, or (ii) the date of the Executive’s death. The first sentence of this paragraph
shall apply only to the extent required to avoid the Executive’s incurrence of any additional tax or interest under Section 409A or any regulations or Treasury guidance promulgated thereunder. Notwithstanding any provision of this
Agreement to the contrary, to the extent that any payment under the terms of this Agreement would constitute an impermissible acceleration of payments under Section 409A or any regulations or Treasury guidance promulgated thereunder, such
payments shall be made no earlier than at such times allowed under Section 409A. If any provision of this Agreement (or of any award of compensation) would cause the Executive to incur any additional tax or interest under Section 409A or
any regulations or Treasury guidance promulgated thereunder, the Employer may reform such provision; provided that the Employer shall (i) maintain, to the maximum extent practicable, the original intent of the applicable provision without
violating the provisions of Section 409A and (ii) notify and consult with the Executive regarding such amendments or modifications prior to the effective date of any such change. 
 5. Effective as of January 1, 2009, Section 9 is hereby added to the Agreement as follows: 
 9. UNITED STATES TREASURY CAPITAL PURCHASE PROGRAM PAYMENT LIMITATIONS. 
 Notwithstanding anything in this Agreement to the contrary, in the event the Company elects to participate in the Troubled Asset Relief Program Capital Purchase Program (“CPP”) of Treasury, any payments to
the Executive shall be limited to the extent required under Section 111(b) of the Emergency Economic Stabilization Act of 2008 

  

 2 

 
(“EESA”), as implemented by guidance or regulation thereunder that has been issued and is in effect as of the closing date of the Company’s
participation in the CPP (the “CPP Guidance”). The Executive agrees and consents to such amendments or waivers to this Agreement that may be necessary to comply with Section 111(b) of EESA and the CPP Guidance. This Section 9
shall be in effect only from the closing date of the Company’s participation in the CPP until such time as Treasury no longer owns any debt or equity securities of the Company acquired pursuant to the CPP, expect to the extent required by
Section 111 of EESA. 
 6. Agreement to Remain in Full Force. All of the terms of the Agreement, as amended hereby, shall remain and continue in
full force and effect and are hereby confirmed, as so amended, in all respects. 
 7. Counterparts. This First Amendment may be executed in multiple
counterparts, each of which shall be deemed an original and all of which shall be deemed to constitute one and the same instrument. 
 [Signature Page Follows] 
  

 3 

 IN WITNESS WHEREOF, Employer and Executive have executed this First Amendment to the Agreement on this
31st day of December, 2008. 
  

			
	 EMPLOYER:
 METROCORP BANCSHARES,
INC.

		
	By:	 	/s/ Don J. Wang
	 Name:
 Title:
	 	 Don J. Wang
 Chairman of the
Board

  
  

			
	EXECUTIVE
		
	By:	 	/s/ George M. Lee
		 	George M. Lee

  

 4Amendment No. 1 to Option Agreements - C. John Hartnett

 Exhibit 10.40 
 AMENDMENT NO. 1 TO OPTION AGREEMENTS 
 October 30, 2008 
 This Amendment No. 1 to Option Agreements (this “Amendment”) is hereby entered into by and between Palm, Inc. (the “Company”) and C. John
Hartnett (“Mr. Hartnett”). 
 WHEREAS, Mr. Hartnett has been granted options by the Company and by Handspring Corporation (a
corporation acquired by the Company and whose option plans were assumed by the Company) as set forth on Schedule A attached hereto (the “Options”); and 
 WHEREAS, it is contemplated that Mr. Hartnett’s employment with the Company will terminate on or about November 28, 2008. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 1. Exercisability of Options. Upon the
termination of Mr. Hartnett’s employment with the Company, the Options, to the extent vested as of the date of Mr. Hartnett’s termination of employment with the Company (including any options that vest pursuant to the terms of
Mr. Hartnett’s Severance Agreement with the Company to the extent that Mr. Hartnett is eligible for severance benefits under his Severance Agreement with the Company) will remain exercisable for a period of one (1) year following
the date of Mr. Hartnett’s termination, but in no event will any Option be exercisable later than the expiration of the term of the relevant Option as set forth in the applicable option agreement and/or notice of grant); provided that
(1) Mr. Hartnett complies with all of the terms of his Severance Agreement with the Company (including, without limitation, signing and delivering to the Company a Release of Claims (as defined in the Severance Agreement) satisfactory to
the Company) and (2) Mr. Hartnett complies with all of the terms of his Employee Agreement with the Company. Nothing contained in this Amendment is intended to accelerate, increase or otherwise change the vesting of the Options.

 2. Remaining Terms. Except as expressly set forth in Section 1 above regarding the period of exercisability of the Options,
the terms and conditions of the Options shall remain in full force and effect and shall not be amended hereby. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first set forth above. 
  

									
	PALM, INC.	 		 	C. JOHN HARTNETT
				
	By:	 	/s/ Edward T. Colligan	 		 	/s/ C. John Hartnett
		 	Edward T. Colligan	 		 	C. John Hartnett
		 	President and CEO	 		 		 	
					
	Dated:	 	10/30/08	 		 	Dated:	 	10/30/08Offer Letter to Douglas C. Jeffries

 

 
 Exhibit 10.41 
 December 10, 2008 
 Dear Doug: 
 It is my pleasure
to extend you an offer of employment with Palm, Inc. (“Palm”) to be located in Sunnyvale, California as Senior Vice President and Chief Financial Officer reporting directly to me. 
 Remuneration 
 Your annual salary will be $400,000.00 less
standard deductions and will be paid semi-monthly. In addition, you will also be eligible to participate in the Palm discretionary cash bonus plan. Currently, the bonus plan offers you the opportunity to earn a target bonus amount of 50% of base
salary; actual payouts are based on various factors, including company and individual performance, and are paid semi-annually. 
 Stock Options

 Subject to approval by Palm’s board of directors or its designee, you will be eligible to receive a stock option grant of 350,000 Palm shares
subject to the terms and conditions of the 1999 Palm Stock Plan. The option shares are priced at the closing stock price on the 6th day of the month (the “grant date”, regardless of whether a trading day) following the month (extending
from the 2nd day of a calendar month through the 1st day of the next calendar month) that includes your effective hire date, or if the stock market is closed on that date, the closing stock price on the last trading day prior to that date. For
example, if your effective hire date is between October 2nd and November 1st, your grant date will be November 6 and the option shares will be priced as of the close of trading on November 6; if November 6 is a Saturday,
Sunday or holiday, then the option shares will be priced as of the close of trading on the last trading day prior to November 6, but your grant date will remain November 6. The option will vest over four years: 25% of the stock
subject to the grant will vest on the one-year anniversary date of your grant date and the remaining stock subject to the grant will vest on a monthly basis thereafter. 
 Benefits 
 Palm offers a competitive complement of benefits, which currently includes 15 days of vacation
beginning in your first year of service and 11 holidays, and an Employee Stock Purchase Program (ESPP). 

 This offer of employment and your continued employment with Palm are expressly contingent upon Palm receiving the
following: 
  

	•	 	 Acceptable results from a background investigation. Any falsification of employment history or educational background will result in withdrawal of the offer and/or
termination of employment. 

  

	•	 	 Signed copies of the Palm (i) Employee Agreement, (ii) Confidentiality Guidelines, and (iii) Code of Conduct, stating, among other things, that you
will keep confidential company information throughout and beyond your employment with Palm. 

  

	•	 	 Satisfactory proof of identification and work authorization as required by the Immigration Reform and Control Act of 1990. 

  

	•	 	 Satisfactory references. 

 If your position requires
exposure or access to export controlled or classified data, this offer is also contingent upon successful acquisition of any necessary licenses or security clearances. If a license is granted, then you must agree to abide by all conditions of any
restrictions or riders to the license approval. 
 The terms and conditions of your proposed employment with Palm as stated in this letter supersede any
previous representations concerning conditions of employment. While we are confident that we will have a mutually beneficial employment relationship, employment with Palm is voluntary and at-will. This means you are free to resign at any time.
Similarly, Palm is free to terminate your employment, with or without cause or notice, at any time. Exceptions to this employment-at-will policy may be made only by a written agreement signed by a Palm officer. 
 This offer of employment is open for a period of 5 working days from the date of this letter. Please confirm your acceptance within this time period by signing below,
proposing a start date and returning the signed offer letter along with signed agreements to Palm’s HR Staffing department. 
 Let me close by
reaffirming our belief that the skills and background you bring to Palm will be instrumental to the future success of the Company. Palm believes that the single most important factor in our success has been our people. I look forward to working with
you very soon. 
 Sincerely, 
 /s/ Edward T. Colligan

 Edward T. Colligan 
 President & CEO 
 Palm, Inc. 
  
  
 I accept the offer of employment at Palm, Inc. based on the terms
described in this offer letter. 
  

									
	/s/ Douglas Jefferies	 		 	December 10, 2008
	Douglas Jeffries	 		 	Date

 I propose a start date of Monday, December 29, 2008.

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