Document:

Form of Stock Appreciation Right Agreement

 EXHIBIT 10.32 
  

			
	Notice of Grant of Stock Appreciation Rights and Award Agreement	 	 SVB FINANCIAL GROUP
 ID: 94-2875288
 3003 Tasman Drive
 Santa Clara, CA 95054
  

	 Name
 Address
 City, State, Zip
	 	 Grant Number:
 Plan: 2006 Equity Incentive Plan
 ID:
  

  

					
	Grant Agreement:
	Participant Name:	  	 
	Employee ID:	  	 
	Grant Number:	  	 
	Number of Shares Granted:	  	 
	Date of Grant:	  	 
	Exercise Price per Share:	  	 
	Total Exercise Price:	  	 
	Expiration Date:	  	 
	Vesting Schedule:	  	 
	 	  	Vesting Date	  	Shares
	 	  	    	  	 
	 	  	    	  	 
	 	  	    	  	 

 Effective on the Date of Grant listed above, you have been granted a Stock Appreciation Right covering Shares of
SVB Financial Group (the “Company”) at the Total Exercise Price listed in the Grant Agreement above (the “SAR”). Shares in each period will become fully vested on the dates shown in the Vesting Schedule, subject to the
Participant continuing to be a Service Provider through each such date. 
 This Stock Appreciation Right will be exercisable for [three (3) months]
after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Stock Appreciation Right will be exercisable for [one (1) year] after Participant ceases to be
Service Provider. Notwithstanding the foregoing, in no event may this Stock Appreciation Right be exercised after the Expiration Date as provided above. 
  
  
 By your acceptance and the Company’s signature below, you
and the Company agree that this Stock Appreciation Right is granted under and governed by the terms and conditions of the Company’s 2006 Equity Incentive Plan and the Award Agreement, all of which are attached and made a part of this document.

  
  
  

			
		
	  
	    	  

	SVB Financial Group	    	Date
		
	  
	    	  

	Participant Name	    	Date

 STOCK APPRECIATION RIGHT AWARD AGREEMENT 
 SVB Financial Group (the “Company”), pursuant to its 2006 Equity Incentive Plan (the “Plan”), has granted to Participant a Stock
Appreciation Right (“SAR”) covering shares of the Common Stock of the Company (“Shares”).
 The grant hereunder is in
connection with and in furtherance of the Company’s compensatory benefit plan for participation of the Company’s Service Providers. Defined terms not explicitly defined in this Award Agreement shall have the same definitions as in the
Plan or in the Notice of Grant of Stock Appreciation Rights (“Notice of Grant”), to which this Award Agreement is attached. 
 The
details of Participant’s SAR are as follows: 
 1. TOTAL NUMBER OF SHARES
SUBJECT TO THIS SAR. The number of Shares subject to this SAR is set forth in the Notice of Grant. 
 2. VESTING. Subject to the limitations contained herein, the SAR will vest as set forth in the Notice of Grant until either (i) Participant ceases to be a Service Provider for any
reason, or (ii) this SAR becomes fully vested. 
 3. SAR PRICE AND METHOD
OF EXERCISE. 
 (a) Right to Exercise. This SAR is exercisable during its term in accordance with the
Vesting Schedule set out in the Notice of Grant and the applicable provisions of the Plan and this Award Agreement. 
 (b) Method of
Exercise. This SAR is exercisable by (i) delivery of an exercise notice, in the form and manner determined by the Administrator, or (ii) following an electronic or other exercise procedure prescribed by the Administrator, which in
either case shall state the election to exercise the SAR, the number of Shares in respect of which the SAR is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company
pursuant to the provisions of the Plan. Participant shall provide payment of any applicable tax withholding arising in connection with such exercise. This SAR shall be deemed to be exercised upon receipt by the Company of a fully executed exercise
notice or completion of such exercise procedure, as the Administrator may determine in its sole discretion, accompanied by any applicable tax withholding. 
 (c) Payment upon Exercise. Upon exercise of all or a specified portion of the SAR, Participant shall be entitled to receive from the Company an amount in cash in one lump sum payment determined by multiplying
(a) the difference (if any) obtained by subtracting (i) the Exercise Price Per Share as set forth in the Notice of Grant from (ii) the Fair Market Value of a Share on the date of exercise of the SAR, by (b) the number of Shares
with respect to which the SAR is exercised, reduced by any applicable tax withholding and subject to any limitations the Administrator may impose. Such cash payment shall be made as soon as practicable, but in no event later than thirty
(30) days following the date of exercise. 

 No payment shall be made pursuant to the exercise of this SAR unless such payment complies with
Applicable Laws. Assuming such compliance, for income tax purposes, the payment shall be considered made to Participant on the date the SAR is exercised with respect to such Exercised Shares. 
 4. TERM. This SAR may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term
only in accordance with the Plan and the terms of this Award Agreement. 
 5. TRANSFERABILITY. This SAR may not be
transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. The terms of the Plan and this Award Agreement shall be binding upon the
executors, administrators, heirs, successors and assigns of Participant. 
 6. SAR NOT A
SERVICE CONTRACT. This SAR is not a guarantee of continued service and nothing in this SAR shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Service
Provider, or of the Company to continue Participant’s service as a Service Provider. In addition, nothing in this SAR shall obligate the Company or any Affiliate, or their respective stockholders, Board of Directors, officers or employees to
continue any relationship which Participant might have as a Service Provider. 
 7. TAX AND
WITHHOLDING. Participant agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Participant) for the satisfaction of all Federal, state, local and foreign income and employment
tax withholding requirements as well as social security charges applicable to the vesting of the SAR, the exercise of the SAR or the payment of any amounts with respect to the SAR. In this regard, Participant authorizes the Company (and/or the
Parent or Subsidiary employing or retaining Participant) to withhold all applicable taxes legally payable by Participant from Participant’s cash payment required under this Award Agreement, wages or other cash compensation paid to Participant
by the Company (and/or the Parent or Subsidiary employing or retaining Participant) in an amount sufficient to cover such tax obligations. Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to make the
payment required under this Award Agreement if such withholding amounts are not delivered at the time of exercise. 
 Participant understands
that he or she may suffer adverse tax consequences as a result of Participant’s grant, vesting or exercise of this SAR. Participant represents that he or she will consult with any tax advisors Participant deems appropriate in connection with
the grant, vesting or exercise of this SAR and that Participant is not relying on the Company for any tax advice. 
 Under Section 409A
of the Internal Revenue Code of 1986, as amended, a SAR that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004), that was granted with a per Share exercise price
that is determined by the Internal Revenue Service (the “IRS”) to be less than the Fair Market Value of a Share on the date of grant (a “discount SAR”) may be considered “deferred compensation.” A SAR that is a
“discount SAR” may result in (i) income recognition by the Participant prior to the exercise of the SAR, (ii) an additional 20% federal tax, and (iii) potential penalty and interest charges. The “discount SAR” may
also result in additional state income, penalty and interest tax to the Participant. Participant 

  

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acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this SAR equals or exceeds the Fair
Market Value of a Share on the date of grant in a later examination. Participant agrees that if the IRS determines that this SAR was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant,
Participant will be solely responsible for Participant’s costs related to such a determination. 
 8. GOVERNING
PLAN DOCUMENT. This SAR is subject to all the provisions of the Plan, a copy of which is attached hereto and its provisions are hereby made a part of this SAR, and is further subject to all interpretations,
amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this SAR and those of the Plan, the provisions of the Plan shall control.

 9. ELECTRONIC DELIVERY. The Company may, in its sole discretion, decide to deliver any
documents related to this SAR Award under the Plan or future SARs that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive
such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. Electronic execution of this Award
Agreement and/or other documents shall have the same binding effect as a written or hard copy signature and accordingly, shall bind the Participant and the Company to all of the terms and conditions set forth in the Plan, this Award Agreement and/or
such other documents. 
 10. AUTHORIZATION TO RELEASE AND
TRANSFER NECESSARY PERSONAL INFORMATION. The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or
her personal data by and among, as applicable, the Company and the Subsidiaries for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that the Company and
the Subsidiaries may hold certain personal information about the Participant including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social security number (or any other social or national
identification number), salary, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, vested, unvested or outstanding for the purpose of implementing, administering and
managing the Participant’s participation in the Plan (the “Data”). The Participant understands that the Data may be transferred to the Company or any of the Subsidiaries, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in the Participant’s country or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and
protections than the Participant’s country. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or
her participation in the Plan, including any requisite transfer of such Data to a broker or other third party assisting with the administration of Awards under the Plan or with whom Shares acquired pursuant to the vesting of the Awards. Furthermore,
the Participant acknowledges and understands that the transfer of the Data to the Company or the Subsidiaries, or to any third parties is necessary for his or her participation in the Plan. The Participant understands that Data will be held only as
long as is necessary to implement, administer and manage his or her 

  

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participation in the Plan. The Participant understands that he or she may, at any time, view the Data, request additional information about the storage and
processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein by contacting his or her local human resources representative in writing. The Participant further acknowledges that withdrawal of consent
may affect his or her ability to vest in or realize benefits from the Awards, and his or her ability to participate in the Plan. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant understands
that he or she may contact his or her local human resources representative. 
 11. NOTICES. Any notices provided for in
this Award Agreement or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to Participant, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at the address specified below or at such other address as Participant hereafter designates by written notice to the Company. 
  

 4Form of Restricted Stock Unit Agreement for Cash Settlement for Employee

 EXHIBIT 10.33 
  
  

			
	 Notice of Grant of Restricted Stock Unit Award
 and Award Agreement
 (Employees)
	  	 SVB FINANCIAL GROUP
 ID: 94-2875288
 3003 Tasman Drive
 Santa Clara, CA 95054
  

	 Name
 Address
 City, State, Zip
	  	 Award Number:
 Plan: 2006 Equity Incentive
Plan
 ID:

  
  
  

					
	Grant Agreement:
	 Participant Name:
	  	 
	 Employee
ID:
	  	 
	 Grant
Number:
	  	 
	 Number of
Restricted Stock Units:
	  	 
	 Date of
Grant:
	  	 
	 Vesting
Schedule:
	  	 
	 	 	Vesting Date	  	Shares
	 
    
	 	 	  	 
	 
    
	 	 	  	 
	 
    
	 	 	  	 

 Effective on the Date of Grant listed above, you have been granted an Award of Restricted Stock
Units (“RSUs”) under the SVB Financial Group 2006 Equity Incentive Plan (the “Plan”). 
 RSUs in each period will vest in
increments on the dates shown in the Vesting Schedule (“Vesting Dates”), subject to the Participant continuing to be a Service Provider through each such date. 
 Unless otherwise defined herein or in the Award Agreement, capitalized terms herein or in the Award Agreement will have the defined meanings ascribed to them in the Plan. 
  
  

	
	 By your acceptance and the Company’s signature below, you and the Company agree that these RSUs are granted
under and governed by the terms and conditions of the Company’s 2006 Equity Incentive Plan and the this Award Agreement, all of which are attached and made a part of this document.

  

			
	  
	 	  

	SVB Financial Group	 	Date
		
	  
	 	  

	Participant Name	 	Date

 SVB FINANCIAL GROUP 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 1. Grant. The Company hereby grants to the Participant
under the Plan an Award of the number of RSUs set forth on the first page, subject to all of the terms and conditions in this Award Agreement and the Plan. 
 2. Company’s Obligation to Pay. Each RSU represents the right to receive a cash payment equivalent to the value of a share of Common Stock (“Share”) on the date it becomes vested. Unless and
until the RSUs will have vested in the manner set forth in Sections 3 and 4, the Participant will have no right to payment in connection with any RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation
of the Company, payable (if at all) only from the general assets of the Company. 
 3. Vesting Schedule. Subject to Section 4,
the RSUs awarded by this Agreement will vest in the Participant according to the vesting schedule set forth on the attached Restricted Stock Unit Agreement, subject to the Participant continuing to be a Service Provider through each such date.

 4. Forfeiture upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Agreement, and
subject to all Applicable Laws, if the Participant ceases to be a Service Provider for any or no reason, the then-unvested RSUs awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and the Participant will have no
further rights thereunder. 
 5. Payment after Vesting. 
 (a) Any RSUs that vest in accordance with Section 3 will be paid in cash to the Participant (or in the event of the Participant’s death, to his or her estate) based on the value equivalent to the number of
applicable whole Shares, provided that to the extent determined appropriate by the Company, any Tax Liability (as defined in Section 7) with respect to such RSUs will be paid by reducing the amount otherwise payable to the Participant. Subject
to the provisions of Section 5(b), any payment to be made pursuant to the settlement of the vested RSUs shall be paid in cash as soon as practicable after vesting, but in each such case no later than the date that is two-and-one-half months
from the later of (i) the end of the Company’s tax year that includes the vesting date, or (ii) the end of the Participant’s tax year that includes the vesting date. 
 (b) Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance,
of the RSUs is accelerated in connection with the Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company),
other than due to death, and if (x) the Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the payment of the value of such accelerated RSUs
will result in the imposition of additional tax under Section 409A if paid to the Participant on or within the six-month period 

 
following the Participant’s termination as a Service Provider, then the payment of the value of such accelerated RSUs will not be made until the date
six months and one-day following the date of the Participant’s termination as a Service Provider, unless the Participant dies following his or her termination as a Service Provider, in which case, the payment of the value of the vested RSUs
will be paid to the Participant’s estate as soon as practicable following his or her death. It is the intent of this Award Agreement to comply with the requirements of Section 409A so that none of the RSUs provided under this Award
Agreement or the payment issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Award Agreement, “Section 409A” means
Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 
 6. Payments after Death. Any payment to be made to the Participant under this Award Agreement will, if the Participant is then deceased, be made
to the Participant’s designated beneficiary, or if no beneficiary survives the Participant, administrator or executor of the Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her
status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 
 7. Withholding of Taxes. Notwithstanding any contrary provision of this Award Agreement, the Company will have no obligation to make any payment
in connection with the vested RSUs, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by the Participant with respect to the payment of income, employment and other taxes which the Company determines
must be withheld with respect to such payment (the “Tax Liability”). 
 The Participant acknowledges that the Company’s
obligation to make payment in connection with the RSUs shall be subject to satisfaction of the Tax Liability. Unless otherwise determined by the Company, withholding obligations shall be satisfied by having the Company or one if its Subsidiaries
withhold the cash otherwise payable to the Participant upon settlement of the vested RSUs; provided that amounts withheld shall not exceed the amount necessary to satisfy the Company’s tax withholding obligations. The Company or one of its
Subsidiaries may also satisfy the Tax Liability by deduction from the Participant’s wages or other cash compensation paid to the Participant by the Company or the Subsidiary. Furthermore, the Participant agrees to pay the Company or the
Subsidiary any Tax Liability that cannot be satisfied by deduction from the Participant’s wages or other cash compensation paid to the Participant by the Company or the Subsidiary. If the Participant fails to make satisfactory arrangements for
the payment of any Tax Liability at the time any applicable RSUs otherwise are scheduled to vest, the Participant will permanently forfeit such RSUs and any right to receive payment thereunder and the RSUs will be returned to the Company at no cost
to the Company. 
 8. Rights as Stockholder. Neither the Participant nor any person claiming under or through the Participant will
have any of the rights or privileges of a stockholder of the Company in respect of any Shares. 
 9. No Effect on Service. The
Participant’s service with the Company and its Affiliates is on an at-will basis only. Accordingly, the terms of the Participant’s service with the 

 
Company and its Affiliates will be determined from time to time by the Company or the Affiliate employing or retaining the Participant (as the case may be),
and the Company or the Subsidiary will have the right, which is hereby expressly reserved, to terminate or change the terms of the service of the Participant at any time for any reason whatsoever, with or without Cause. 
 10. Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company at 3003
Tasman Drive, Mail Sort HA 200, Santa Clara, CA 95054, Attn: Lisa Bertolet, or at such other address as the Company may hereafter designate in writing. 
 11. Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in
any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or
privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 12. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be binding upon
and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 13. Plan
Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern.

 14. Administrator Authority. The Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such
rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any RSUs have vested). All actions
taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will be personally liable for any
action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 
 15. Captions. Captions
provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement. 
 16.
Agreement Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on,
the remaining provisions of this Award Agreement. 
 17. Electronic Delivery. The Company may, in its sole discretion, decide to
deliver any documents related to RSUs awarded under the Plan or future RSUs that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to
receive such documents by electronic delivery 

 
and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by
the Company. Electronic execution of this Award Agreement and/or other documents shall have the same binding effect as a written or hard copy signature and accordingly, shall bind the Participant and the Company to all of the terms and conditions
set forth in the Plan, this Award Agreement and/or such other documents. 
 18. Authorization to Release and Transfer Necessary Personal
Information. The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data by and among, as applicable, the Company and the Subsidiaries for
the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that the Company and the Subsidiaries may hold certain personal information about the Participant
including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title, number of Shares held and
the details of all Awards or any other entitlement to Shares awarded, cancelled, vested, unvested or outstanding for the purpose of implementing, administering and managing the Participant’s participation in the Plan (the “Data”). The
Participant understands that the Data may be transferred to the Company or any of the Subsidiaries, or to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the
Participant’s country or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the Participant’s country. The Participant authorizes the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or her participation in the Plan, including any requisite transfer of such Data to a broker or
other third party assisting with the administration of RSUs under the Plan or cash pursuant to the vesting of the RSUs may be deposited. Furthermore, the Participant acknowledges and understands that the transfer of the Data to the Company or the
Subsidiaries, or to any third parties is necessary for his or her participation in the Plan. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the Plan.
The Participant understands that he or she may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein by
contacting his or her local human resources representative in writing. The Participant further acknowledges that withdrawal of consent may affect his or her ability to vest in or realize benefits from the RSUs, and his or her ability to participate
in the Plan. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that he or she may contact his or her local human resources representative. 
 19. Compliance with Applicable Laws. The issuance, vesting, and settlement of the RSUs under the Plan shall be subject to compliance by the
Company (or any Subsidiary) and the Participant with all Applicable Laws.

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