Document:

exv10w04

 

Exhibit 10.04

February 14, 2006

Noland Granberry

Dear Noland:

Silicon Image, Inc. (the “Company”) is pleased to confirm our offer to you in the position of
Corporate Controller reporting to Robert Freeman starting March 15, 2006. The terms of our offer
and the benefits currently provided by the Company are as follows:

	1.	 	Your starting base salary will be $190,000.00 per year and will be subject to annual review.
You will receive a sign on bonus in the amount of $10,000.00 gross (before withholding for
taxes and other deductions). The bonus is payable within 30 days of start date. In addition,
you will be eligible to participate in the Silicon Image company-wide bonus program with an
incentive target of 20% of base salary (pro-rated for completed service), as well as regular
health insurance and other employee benefit plans established by the Company for its employees
from time to time. This offer is contingent on successful completion of a Background Check.
	 
	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. To protect the
interest of the Company, you will need to sign the Company’s standard “Employee Inventions and
Confidentiality Agreement” as a condition of your employment. We wish to impress upon you that
we do not wish you to bring any confidential or proprietary material of any former employer or
to violate any other obligations you may have to your former employer. You represent that
your signing of this offer letter, agreement(s) concerning stock options granted to you under
the Plan (as defined below) and the Company’s Employee Invention Assignment and
Confidentiality Agreement and your commencement of employment with the Company will not
violate any agreement currently in place between yourself and current or past employers.
	 
	3.	 	Management will recommend that the Board of Directors approve a grant to you of stock options
for 18,000 shares of the Company’s Common Stock. Subject to satisfactory performance during
the first six (6) months of employment you will be granted an
additional 7,000  shares of the
Company’s Common Stock. The vesting schedule for all options will be at a rate of 25% after
the first 12 months of employment, and thereafter, at 2.083% after each full succeeding month
you are employed by the Company. However, the grant of such 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 Option Plan and any specific grant to you will be provided upon
approval of such grant by the Board.

	4.	 	This offer of employment is made to you in confidence, and we ask that you not disclose its
terms to anyone outside your immediate family. If you do disclose any of its terms to such a
family member, please caution him or her that such information is confidential and must not be
disclosed to anyone.

	5.	 	While we look forward to a long and profitable relationship, should you decide to accept our
offer, you will be 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 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.

	6.	 	Please note that because of employer regulations adopted in the Immigration Reform and
Control Act of 1986, within three business days of starting your new position you will need to
present documentation demonstrating that you have authorization to work in the United States,
If you have questions about this requirement, which applies to U.S. citizens and non-U.S.
citizens alike, you may contact our Human Resource department.

	7.	 	Please also note that due to United States export control laws, the Company may need to make
inquiries into your citizenship if you will have probable or actual contact with certain
technology and/or source code. Should the Company determine that you will have probable or
actual contact with certain technology and/or source code, and should you be a citizen of an
embargoed country under United States export control laws, this may have a material effect on
the terms and conditions of your employment with the Company.

	8.	 	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 equitable relief from a
court having jurisdiction over the parties. Such arbitration shall be conducted through the
American Arbitration Association in the State of California, Santa Clara County, before a
single arbitrator, in accordance with the National Rules for the Resolution of Employment
Disputes of the American Arbitration Association 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.

	Silicon Image, Inc.	 	 
	1060 E. Arques Avenue	 	 
	Sunnyvale, CA 94085	 	 
	 	 	T  408.616.4000
	 	 	F  408.830.9530
	 	 	www.siliconimage.com

 

 

	9.	 	This offer will remain valid until Friday, February 17, 2006. 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 and the attached documents. Should you
have anything else that you wish to discuss, please do not hesitate to call.
	 
	 	 	We look forward to the opportunity to welcome you to Silicon Image, Inc.

Sincerely,

Robert Freeman

Chief Financial Officer

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.

	 	 	 	 	 	 
	 	/s/ Noland Granberry

	 	2/15/06
	 	3/1/06 
	 	 

	 	 
	 	 
	 	
Noland Granberry

	 	Date
	 	Start Date 

	Silicon Image, Inc.	 	 
	1060 E. Arques Avenue	 	 
	Sunnyvale, CA 94085	 	 
	 	 	T  408.616.4000
	 	 	F  408.830.9530
	 	 	www.siliconimage.comexv10w01

 

Exhibit 10.01

This Annual Incentive Plan (“Plan”) of Symantec Corporation (“Symantec”) is effective as of
April 1, 2007. The Board of Directors reserves the right to alter or cancel all or any portion of
the Plan for any reason at any time.

FY08 Executive Annual Incentive Compensation Plan

	 	 	 
	Job Category:	 	Group President
	 
	 	 
	Purpose:

	 	Provide critical focus on specific, measurable corporate and business unit goals and
provide performance-based compensation based upon the level of attainment of such goals.
	 
	 	 
	Bonus Target:

	 	The target incentive bonus for this executive position is ___% of the annual base
salary. Annual base salary has been established at the beginning of the fiscal year. Bonuses
will be paid based on actual annual base salary earnings from time of eligibility under the
Plan through March 31, 2008. Payments will be subject to applicable payroll taxes and
withholdings.
	 
	 	 
	Bonus Payments:

	 	The annual incentive bonus will be paid once annually. Payment will be made
within six weeks of the financial close of the fiscal year. Any payment due under this Plan
is at the sole discretion of the Administrator of the Plan.
	 
	 	 
	Components:

	 	Three performance metrics will be used to determine the annual incentive bonus payment
as determined by the Administrator. The company’s reported numbers are based on non-GAAP
Corporate Revenue & EPS results, and the Business Unit Contribution margin performance is
determined by Internal Reporting fiscal year end figures.

	 	 	 
	Metric	 	Weighting
	Corporate Revenue
	 	25%
	Corporate Earnings per Share
	 	25%
	Business Unit Contribution Margin
	 	50%

	 	 	 
	 
	 	 
	Achievement Schedule:

	 	The established threshold must be exceeded for the applicable performance
metric before the bonus applicable to such performance metric will be paid. Corporate Revenue
and Corporate EPS achievement is uncapped. Business Unit Contribution Margin achievement is
capped at 200%.
	 
	 	 
	Pro-ration:

	 	The calculation of the annual incentive bonus will be based on eligible base salary
earnings for the fiscal year and, subject to the eligibility requirements below, will be
pro-rated based on the number of days participant is employed as a regular status employee of
Symantec during the fiscal year.
	 
	 	 
	Eligibility:

	 	Participants must be regular status employees on the day bonus checks are distributed.
If the company grants an interim payment for any reason, the participant must be a regular
status employee at the end of that performance period in order to receive such payment.

			
	Symantec Corporation
	 	1

 

 

	 	 	 
	Job Category:	 	Group President
	 
	 	 
	 

	 	A participant who leaves before the end of the fiscal year will not be eligible to
receive the annual incentive bonus or any pro-rated portion thereof. The Plan
participant must be a regular status employee of Symantec at the end of the fiscal
year in order to be eligible to receive the annual incentive bonus and at
the time the bonus checks are distributed, unless otherwise determined by the
Administrator.
	 
	 	 
	 

	 	To be eligible for the plan in the given fiscal year, participants must be in an
eligible position for at least 60 days before the end of the plan year. Employees
hired or promoted into an eligible position with less than 60 days in the plan year
will join the annual bonus plan in the next fiscal year.
	 
	 	 
	Exchange Rates:

	 	The performance metrics will not be adjusted for any fluctuating currency exchange
rates.
	 
	 	 
	Target Changes:

	 	In the event of an accretive event, such as a stock buyback, or other events that
might have an effect on the revenue or EPS targets of the Company, such as acquisition or
purchase of products or technology, the Administrator may at its discretion adjust the Revenue
Growth, Earnings per Share, and Business Unit Contribution Margin Targets to reflect the
potential impact upon Symantec’s financial performance.
	 
	 	 
	Plan Provisions:

	 	This Plan is adopted under the Symantec Senior Executive Incentive Plan effective
as of April 3, 2004 and approved by Symantec’s stockholders on August 21, 2003.
	 
	 	 
	 

	 	This Plan supersedes the FY07 Executive Annual Incentive Plan dated April 1, 2006,
which is null and void as of the adoption of this Plan.
	 
	 	 
	 

	 	Participation in the Plan does not guarantee participation in other or future
incentive plans. Plan structures and participation will be determined on a
year-to-year basis.
	 
	 	 
	 

	 	The Board of Directors reserves the right to alter or cancel all or any portion of
the Plan for any reason at any time. The Plan shall be administered by the
Compensation Committee of the Board of Directors (the “Administrator”), and the
Administrator shall have all powers and discretion necessary or appropriate to
administer and interpret the Plan.
	 
	 	 
	 

	 	The Board of Directors reserves the right to exercise its own judgment with regard
to company performance in light of events outside the control of management and/or
participant.

			
	Symantec Corporation
	 	2

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