Document:

Form of Regulation S Global Note relating to the 5.125% Senior Notes, Series C

 Exhibit 4.6 
  

REGULATION S GLOBAL NOTE 
  
 TRANSFERS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”), NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH HEREIN AND IN THE INDENTURE REFERRED
TO HEREIN. 
  
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC AND ANY
PAYMENT HEREON IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN. 
  
 THIS NOTE IS NOT A SAVINGS
ACCOUNT, DEPOSIT OR OTHER OBLIGATION OF ANY BANK OR NONBANK SUBSIDIARY OF GREATER BAY BANCORP AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. 
  
 THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE AGREED TO
BE BOUND BY THE PROVISIONS OF A REGISTRATION RIGHTS AGREEMENT BETWEEN GREATER BAY BANCORP AND THE INITIAL PURCHASER NAMED THEREIN, DATED APRIL 12, 2005 (THE “REGISTRATION RIGHTS AGREEMENT”). GREATER BAY BANCORP WILL PROVIDE A COPY OF THE
REGISTRATION RIGHTS AGREEMENT TO A HOLDER WITHOUT CHARGE UPON WRITTEN REQUEST TO GREATER BAY BANCORP AT ITS PRINCIPAL PLACE OF BUSINESS. 
  
 PRIOR TO THE EXPIRATION OF THE 40-DAY “DISTRIBUTION COMPLIANCE PERIOD” (AS DEFINED IN REGULATION S), THIS NOTE MAY NOT BE OFFERED, SOLD, PLEDGED
OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, A U.S. PERSON WITHIN THE MEANING OF REGULATION S, EXCEPT TO A PERSON REASONABLY BELIEVED TO BE A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A AND THE INDENTURE OR OTHERWISE IN ACCORDANCE WITH REGULATION S. 
  
 AS USED HEREIN, THE TERM “UNITED STATES” HAS THE MEANING GIVEN IT BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE INDENTURE

 GOVERNING THIS NOTE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN
VIOLATION OF THE FOREGOING. 
  

			
	REGISTERED	 	PRINCIPAL AMOUNT
	NO. R-1	 	$0.00
	CUSIP NO.: U39020 AB 5	 	 

  
 GREATER BAY BANCORP

  
 5.125% SENIOR NOTES, SERIES C, DUE 2010 
  
 GREATER BAY BANCORP, a California corporation (hereinafter called the
“Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of ZERO DOLLARS ($0) (or such
greater amount up to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) as shall be the outstanding principal amount of this Note listed on Schedule A hereto) on April 15, 2010, and to pay interest thereon from April 15, 2005, or from the most recent
Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semiannually in arrears on April 15 and October 15 in each year, commencing October 15, 2005 (each an “Interest Payment Date”), at the rate of
5.125% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose
name this Note (or one or more Predecessor Notes) is registered at the close of business on the 15th calendar day
immediately preceding the relevant Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name
this Note (or one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes of this series not
less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture. Interest for any full semiannual period will be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any partial
semiannual period will be computed on the basis of the actual number of days elapsed during that period. 
  
 Payment of the principal of and any such interest on this Note will be made at the offices or agencies of the Company maintained for that purpose in
Wilmington, Delaware, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by
check drawn upon any Paying Agent and mailed on or prior to an Interest Payment Date to the address of the Person entitled thereto as such address shall appear in the Security Register. Notwithstanding the foregoing, payments of interest to DTC or
its nominee shall be made by wire transfer in immediately available funds. 
  

 2 

 This Note is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued under an Indenture, dated as of March 24, 2003, as amended and supplemented (the “Indenture”), between the Company and Wilmington Trust Company, a Delaware corporation (herein called the
“Trustee”, which term includes any successor Trustee under the Indenture), to which Indenture and all Indentures supplemental thereto and all Officers’ Certificates pursuant to Section 3.01 of the Indenture relating to the Notes,
reference is hereby made for a statement of the respective rights of the Company, the Trustee and the Holders of the Securities, and the terms upon which the Securities are, and are to be, authenticated and delivered. This Note is one of a series of
Securities of the Company designated as its 5.125% Senior Notes, Series C, due April 15, 2010 (herein called the “Notes”), initially limited in aggregate principal amount to $150,000,000. The Company may, without notice to, or the consent
of, the Holders of the Notes, create and issue further Notes, equal in rank to the Notes in all respects (or in all respects except for the payment of interest accruing prior to the issue date of the new Securities or except for the first payment of
interest following the issue date of the new Securities) so that the new Notes may be consolidated and form a single series with the Notes and have the same terms as the Notes. 
  
 The Holder of this Note is entitled to the benefits of the Registration Rights Agreement, dated as of April 12, 2005,
between the Company and the Initial Purchaser named therein (as the same may be amended from time to time, the “Registration Rights Agreement”). Capitalized terms used in this paragraph and not defined herein shall have the meanings
assigned to them in the Registration Rights Agreement. In the event that (i) the Exchange Offer Registration Statement is not filed with the Securities Exchange Commission (the “Commission”) on or prior to the 120th day following April 15,
2005 (the “Closing Time”), (ii) the Exchange Offer Registration Statement is not declared effective by the Commission on or prior to the 180th day following the Closing Time, (iii) the Exchange Offer is not consummated on or prior to the
45th day following the effective date of the Exchange Offer Registration Statement, (iv) if required, a Shelf Registration Statement is not filed with the Commission on or prior to (A) the 180th day following the Closing Time or (B) the 75th day
after the filing obligation arises, whichever is later, (v) if required, a Shelf Registration Statement is not declared effective on or prior to the 240th day following the Closing Time (or, if a Shelf Registration Statement is required to be filed
upon the request of the Initial Purchaser, within 120 days after such request), (vi) a Shelf Registration Statement is declared effective by the Commission but such Shelf Registration Statement ceases to be effective or such Shelf Registration
Statement or the Prospectus included therein ceases to be usable in connection with resales of Registrable Securities for any reason and (A) the aggregate number of days in any consecutive 365-day period for which the Shelf Registration Statement or
such Prospectus shall not be effective or usable exceeds 90 days, (B) the Shelf Registration Statement or such Prospectus shall not be effective or usable for more than two periods (regardless of duration) in any consecutive 365-day period or (C)
the Shelf Registration Statement or such Prospectus shall not be effective or usable for a period of more than 45 consecutive days, or (vii) the Exchange Offer Registration Statement is declared effective by the Commission but, if the Exchange Offer
Registration Statement is being used in connection with the resale of Exchange Securities as contemplated by Section 3(f)(B) of the Registration Rights Agreement, the Exchange Offer Registration Statement ceases to be effective or the Exchange Offer
Registration Statement or the Prospectus included therein ceases to be usable in connection with resales of Exchange Securities for any reason during the 90-day period referred to in Section 3(f)(B) of the Registration Rights Agreement (as such
period may be extended pursuant to the last paragraph of Section 3 of the Registration Rights Agreement) and (A) the aggregate 
  

 3 

 number of days in any consecutive 365-day period for which the Exchange Offer Registration Statement or such Prospectus
shall not be effective or usable exceeds 90 days, (B) the Exchange Offer Registration Statement or such Prospectus shall not be effective or usable for more than two periods (regardless of duration) in any consecutive 365-day period or (C) the
Exchange Offer Registration Statement or the Prospectus shall not be effective or usable for a period of more than 45 consecutive days (each of the events referred to in clauses (i) through (vii) above being hereinafter called a “Registration
Default”), the per annum interest rate borne by the Registrable Securities shall be increased (“Additional Interest”) by one-quarter of one percent (0.25%) per annum immediately following such 120-day period in the case of clause (i)
above, immediately following such 180-day period in the case of clause (ii) above, immediately following such 45-day period in the case of clause (iii) above, immediately following any such 180-day period or 75-day period, whichever ends later, in
the case of clause (iv) above, immediately following any such 240-day period or 120-day period, whichever ends first, in the case of clause (v) above, immediately following the 90th day in any consecutive 365-day period, as of the first day of the
third period in any consecutive 365-day period or immediately following the 45th consecutive day, whichever occurs first, that a Shelf Registration Statement shall not be effective or a Shelf Registration Statement or the Prospectus included therein
shall not be usable as contemplated by clause (vi) above, or immediately following the 90th day in any consecutive 365-day period, as of the first day of the third period in any consecutive 365-day period or immediately following the 45th
consecutive day, whichever occurs first, that the Exchange Offer Registration Statement shall not be effective or the Exchange Offer Registration Statement or the Prospectus included therein shall not be usable as contemplated by clause (vii) above;
provided that the aggregate increase in such annual interest rate under this paragraph may in no event exceed one-quarter of one percent (0.25%) per annum; further provided that the aggregate increase in such annual interest rate may in no event be
in excess of the rate permissible under applicable law. Upon the filing of the Exchange Offer Registration Statement after the 120-day period described in clause (i) above, the effectiveness of the Exchange Offer Registration Statement after the
180-day period described in clause (ii) above, the consummation of the Exchange Offer after the 45-day period described in clause (iii) above, the filing of the Shelf Registration Statement after the 180-day period or 75-day period, as the case may
be, described in clause (iv) above, the effectiveness of a Shelf Registration Statement after the 240-day period or 120-day period, as the case may be, described in clause (v) above, the Shelf Registration Statement once again being effective or the
Shelf Registration Statement and the Prospectus included therein becoming usable in connection with resales of Registrable Securities, as the case may be, in the case of clause (vi) above, or the Exchange Offer Registration Statement once again
becoming effective or the Exchange Offer Registration Statement and the Prospectus included therein becoming usable in connection with resales of Exchange Securities, as the case may be, in the case of clause (vii) thereof, the interest rate borne
by the Securities from the date of such filing, effectiveness, consummation or resumption of effectiveness or usability, as the case may be, shall be reduced to the original interest rate so long as no other Registration Default shall have occurred
and shall be continuing at such time and the Company is otherwise in compliance with this paragraph; provided, however, that, if after any such reduction in interest rate, one or more Registration Defaults shall again occur, the interest rate shall
again be increased pursuant to the foregoing provisions. The Company shall promptly provide the Trustee with notice of any change in the interest rate borne by this Note. Anything herein to the contrary notwithstanding, any Holder who was, at the
time the Exchange Offer was pending and consummated, eligible to exchange, and did not validly tender, its Notes for Exchange Securities in the Exchange Offer will not be entitled to receive any Additional Interest. 
  

 4 

 This Note shall be subject to the Events of Default specified in paragraphs (1), (2), (5), (6), (7) and
(8) of the Indenture. 
  
 This Note may not be redeemed prior to
maturity. 
  
 As provided in the Indenture and subject to certain
limitations set forth therein, the transfer of this Note may be registered in the Security Register of the Company upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of
and interest on this Note are payable, duly endorsed by, or accompanied by, a written instrument of transfer in form satisfactory to the Company, duly executed by the registered Holder hereof or his attorney duly authorized in writing, and thereupon
one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 This Note is issuable as a registered Note without coupons in denominations of $1,000 and integral multiples of $1,000. As provided in the Indenture, and
subject to certain limitations set forth therein, this Note is exchangeable for a like aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same. 
  
 No service charge will be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment for registration of transfer of this Note, the Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
  
 If an Event of Default
with respect to the Notes shall occur and be continuing, the principal and all unpaid interest hereof may be declared due and payable in the manner and with the effect provided in the Indenture and the Officers’ Certificate pursuant to Section
3.01 of the Indenture relating to the Notes. 
  
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any
time by the Company and the trustee under each series to be affected with the consent of the Holders of a majority in principal amount of the Outstanding Securities of each series to be affected. The Indenture also contains provisions permitting the
Holders of specified percentages in aggregate principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Notes issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
  

 5 

 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest, if any, on this Note at the times, place and rate, and in the coin and currency, herein prescribed. 
  
 This Note is governed by and construed in accordance with the internal laws
of the State of New York without regard to its conflicts of law rules. 
  
 All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
  
 Unless the certificate of authentication hereon has been executed by the Trustee, directly or through an authenticating agent, by the manual signature of
an authorized officer, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 6 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  
 Dated: April     , 2005 
  

			
	GREATER BAY BANCORP
		
	By:	 	  

	 	 	James S. Westfall
	 	 	Executive Vice President
	 	 	and Chief Financial Officer

  
 This is one of
the Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

			
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	  

	 	 	Authorized Officer

 ASSIGNMENT 
  
 FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto 
  
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  

 Name and address of assignee, including zip code, must be printed or typewritten)

  

  

 the within Note, and all rights thereunder, hereby irrevocably constituting and appointing 
  

 Attorney to transfer said Note on the books
of the within Company, with full power of substitution in the premises. 
  

					
	Dated:                    	 	 	 	  

	 	 	NOTICE:	 	The signature to this assignment must correspond with the name as it appears upon the face of the within or attached Note in every particular, without alteration or enlargement or any change
whatever.

 SCHEDULE A 
  
 SCHEDULE OF EXCHANGES 
  
 The following exchanges of Notes for Notes represented by this Note have been made: 
  

									
	 Principal
 amount of this
 Note

	 	 Date exchange
 made

	 	 Change in
 principal
 amount of this
 Note due to
 exchange

	 	 Principal
 amount of this
 Note following
 such exchange

	 	 Notation made
 by or on behalf
 of the Company

	 $0.00Equity Bonus Plan

 Exhibit 10.1 
  
 

 
 AMO BONUS PLAN 
 AMO® ADVANCED MEDICAL OPTICS 
 2005 PERFORMANCE OBJECTIVE 
 2005 PERFORMANCE OBJECTIVE 
 The 2005 performance objective for the Bonus Plan is 85% based on Operating Income and 15% based on Revenue for the full year of AMO performance. “Operating Income” is defined as sales less cost of goods sold and all basic
operating expenses of the business. “Revenue” is defined as the total dollar payment for goods and services that are credited to the income statement over the measurement period. 
 The bonus is funded when AMO achieves the threshold level of Operating Income and Revenue performance as indicated below. If the Operating
Income and Revenue funding trigger thresholds are not met, no bonuses will be paid out. 
 FUNDING TRIGGER ELEMENTS

 85% - OPERATING INCOME 
 PERFORMANCE LEVEL 
 2005 OP INCOME RANGE 
 BONUS AWARD AS A % OF TARGET 
 Below Threshold -25.6 mm 0% 
 Threshold -25.5 mm 40% 
 Target 100% 
 Maximum +25.5 mm 150% 
 If actual Operating Income results fall between the performance levels shown above,
the portion of bonus will be prorated accordingly. 
 15% - REVENUE 
 PERFORMANCE LEVEL 
 2005 REVENUE RANGE 
 BONUS AWARD AS A % OF TARGET 
 Below Threshold -46.6 mm 0% 
 Threshold -46.5 mm 50% 
 Target 100% 
 Maximum +140.0 mm 150% 
 If actual Revenue results fall between the performance levels shown above, the portion of bonus will be prorated accordingly. 

 BONUS POOL FUNDING 
  
 At the end of the year, the President and Chief Executive Officer of Advanced Medical Optics, Inc. may recommend adjustments to the bonus funding levels to the
Organization, Compensation and Corporate Governance Committee (the “Committee”) after consideration of key operating results. When calculating Operating Income and Revenue performance for purposes of this Plan, the Committee has the
discretion to include or exclude any or all of the following items: 
  

	•	 	Extraordinary, unusual or non-recurring items 

  

	•	 	Effects of accounting changes 

  

	•	 	Effects of financing activities 

  

	•	 	Expenses for restructuring or productivity initiatives 

  

	•	 	Other non-operating items 

  

	•	 	Spending for acquisitions 

  

	•	 	Effects of divestitures 

  
 BONUS POOL DIFFERENTIATION BY BUSINESS UNIT/FUNCTION 
  
 The target bonus pool is determined by performance against Operating Income (85%) and Revenue (15%). The factors below will be considered for allocation of region/function bonus pools: 
  
 CORPORATE 
  

	•	 	Corporate Operating Income (60%) 

  

	•	 	Corporate Revenue (40%) 

  
 REGIONS / BUSINESS UNITS& GLOBAL MARKETING 
  

	•	 	Region / Business Unit Operating Income (40%) 

  

	•	 	Region / Business Unit Revenue (60%) 

  
 RESEARCH & DEVELOPMENT 
  

	•	 	Corporate Operating Income (20%) 

  

	•	 	Corporate Revenue (20%) 

  

	•	 	Achievement of R & D and Business Development Milestones (60%) 

  
 WORLD WIDE MANUFACTURING 
  

	•	 	Corporate Operating Income (20%) 

  

	•	 	Corporate Revenue (20%) 

  

	•	 	Achievement of World Wide Manufacturing Milestones (60%) 

 INDIVIDUAL BONUS AWARD CALCULATION 
  
 Target bonus awards are expressed as a percentage of the participant’s year-end annualized base salary. The target percentages for
managers other than corporate officers vary by salary grade: 
  

				
	 SALARY GRADE

	  	TARGET BONUS

	 
	 6E *
	  	10	%
	 7E
	  	15	%
	 8E
	  	20	%
	 9E
	  	25	%
	 10E
	  	30	%
	 11E
	  	35	%

  
 Target percentages for
corporate officers are individually established by the Committee. 
  
 A
participant’s actual bonus award may vary above or below the targeted level based on the supervisor’s evaluation of his or her performance in relation to the predetermined MBOs. Each participant may receive from 0% to 150% of his or her
target bonus amount. However, the total of all bonus awards given within each region/function must total no more than 100% of the total bonus pool dollars allocated to that region/function. 
  

	*	U.S. and Puerto Rico employees only.

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