Document:

Form of Amended Change of Control Severance Agreement

 Exhibit 10.3 
 POLYCOM, INC. 
 AMENDED CHANGE OF CONTROL SEVERANCE AGREEMENT 
 This Amended Change of Control Severance Agreement (the “Agreement”) is made and entered into by and between
                     (the “Employee”) and Polycom, Inc., a Delaware Corporation (the “Company”), effective as of
                     (the “Effective Date”) and amends and restates the Change of Control Severance Agreement entered into as of
                     by the Employee and the Company. 
 RECITALS 
 1. It is expected that the Company from time to time will consider the
possibility of an acquisition by another company or other change of control. The Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to the Employee and can cause the Employee to
consider alternative employment opportunities. The Board has determined that it is in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication and objectivity of the Employee,
notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the Company. 
 2. The Board
believes that it is in the best interests of the Company and its stockholders to provide the Employee with an incentive to continue his or her employment and to motivate the Employee to maximize the value of the Company upon a Change of Control for
the benefit of its stockholders. 
 3. The Board believes that it is imperative to provide the Employee with certain severance benefits
upon the Employee’s termination of employment following a Change of Control. These benefits will provide the Employee with enhanced financial security and incentive and encouragement to remain with the Company notwithstanding the
possibility of a Change of Control. 
 4. Certain capitalized terms used in the Agreement are defined in Section 6 below.

 AGREEMENT 
 NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows: 
 1. Term of
Agreement. This Agreement shall terminate upon the date that all of the obligations of the parties hereto with respect to this Agreement have been satisfied. 
 2. At-Will Employment. The Company and the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law, except as may otherwise be
specifically provided under the terms of any written formal employment agreement between the Company and the Employee (an “Employment Agreement”). If the Employee’s employment terminates for any reason, including (without
limitation) any termination prior to a Change of Control, the Employee shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement or under his or her Employment Agreement. 

 3. Agreement to Remain with the Company for 6 Months Following a Change of
Control. Executive agrees to remain employed with the Company (or its successor corporation) for a period of six (6) months following a “Change of Control” (as defined herein) unless his or her employment terminates due to
Executive’s death, becoming “Disabled” (as defined herein), for “Good Reason” (as defined herein), or is terminated involuntarily by the Company during such six (6) month period. 
 4. Severance Benefits. 
 (a) Involuntary Termination Other than for Cause or Voluntary Termination for Good Reason Following a Change of Control. If within twelve (12) months following a Change of Control (i) the Employee terminates his
or her employment with the Company (or any parent or subsidiary of the Company) for “Good Reason” (as defined herein) or (ii) the Company (or any parent or subsidiary of the Company) terminates the Employee’s employment for other
than “Cause” (as defined herein), or (iii) the Employee dies or terminates employment due to becoming Disabled (as defined herein) and the Employee, except in the case of death, signs and does not revoke a standard release of claims
with the Company in a form acceptable to the Company, then the Employee shall receive the following severance from the Company: 
 (i) Severance Payment. The Employee shall be entitled to receive a lump-sum severance payment (less applicable withholding taxes) equal to 100% of the Employee’s annual base salary (as in effect immediately prior to
(A) the Change of Control, or (B) the Employee’s termination, whichever is greater) plus 100% of the Employee’s target bonus for the fiscal year in which the Change of Control or the Employee’s termination occurs, whichever
is greater. 
 (ii) Options; Restricted Stock. All of the Employee’s then outstanding options to purchase shares of
the Company’s Common Stock (the “Options”) shall immediately vest and became exercisable. Additionally, all of the shares of the Company’s Common Stock then held by the Employee subject to a Company repurchase right (the
“Restricted Stock”) shall immediately vest and the Company’s right of repurchase with respect to such shares of Restricted Stock shall lapse. The Options shall remain exercisable following the termination for the period
prescribed in the respective option agreements. 
 (iii) Performance Shares. The Employee will vest in one hundred percent
(100%) of performance shares subject to his performance share awards, if any, and the payment of such vested performance shares shall be made as soon as practicable following the date of termination in accordance with the provisions of the
applicable performance share award, except as otherwise provided herein. For this purpose, if the Change of Control occurs during the performance period applicable to a performance share award, the “performance shares subject to his performance
share awards” shall be deemed to be one hundred percent (100%) of the Target Number of Performance Shares (as set forth in the applicable performance share award). With respect to performance share awards granted prior to the Effective
Date, notwithstanding any provision in this Agreement or the applicable performance share award to the contrary and to the extent required to avoid imposition of any additional tax or income recognition under Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”), prior to actual payment to the Employee, the performance shares for which the vesting would not have otherwise been accelerated under the terms of the applicable performance share award shall
be paid at the same time or times as if such performance shares had vested in accordance with the vesting schedule and provisions set forth in the applicable performance share award. 
  

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 (iv) Other Awards. With respect to outstanding awards issued under the Company’s stock plans
other than award types addressed in Sections 4(a)(ii) and (iii) above, the Employee will immediately vest in and have the right to exercise such awards, all restrictions will lapse, and all performance goals or other vesting criteria will be
deemed achieved at target levels and all other terms and conditions met. Such awards will be paid or otherwise settled as soon as administratively practicable following the date of termination or, if later, the date of exercise. Notwithstanding the
foregoing, to the extent required to avoid imposition of any additional tax or income recognition under Section 409A of the Code, such awards shall be paid or settled at the same time or times that the awards otherwise would have been paid or
settled in the absence of this Section 4(a)(iv). 
 (v) Continued Employee Benefits. Company-paid health, dental, vision,
long-term disability and life insurance coverage at the same level of coverage as was provided to such Employee immediately prior to the Change of Control and at the same ratio of Company premium payment to Employee premium payment as was in effect
immediately prior to the Change of Control (the “Company-Paid Coverage”). If such coverage included the Employee’s dependents immediately prior to the Change of Control, such dependents shall also be covered at Company
expense. Company-Paid Coverage shall continue until the earlier of (i) twelve (12) months from the date of termination, or (ii) the date upon which the Employee and his dependents become covered under another employer’s
group health, dental, vision, long-term disability or life insurance plans that provide Employee and his dependents with comparable benefits and levels of coverage. For purposes of Title X of the Consolidated Budget Reconciliation Act of 1985
(“COBRA”), the date of the “qualifying event” for Employee and his or her dependents shall be the date upon which the Company-Paid Coverage terminates. 
 (b) Timing of Severance Payments. Subject to Section 4(f) below, the severance payment to which Employee is entitled shall be paid
by the Company to Employee in cash and in full, not later than ten (10) calendar days after the date of the termination of Employee’s employment as provided in Section 4(a). If the Employee should die before all amounts have been
paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee’s designated beneficiary, if living, or otherwise to the personal representative of the Employee’s estate. 
 (c) Voluntary Resignation; Termination for Cause. If the Employee’s employment with the Company terminates (i) voluntarily by
the Employee other than for Good Reason or Disability or (ii) for Cause by the Company, then the Employee shall not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s
then existing severance and benefits plans and practices or pursuant to other written agreements with the Company. 
 (d) Termination
Apart from Change of Control. In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12)–month period following a Change of Control, then the
Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s existing written severance and benefits plans and practices or pursuant to other written agreements with the Company.

  

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 (e) Exclusive Remedy. In the event of a termination of Employee’s employment within
twelve (12) months following a Change of Control, the provisions of this Section 4 are intended to be and are exclusive and in lieu of any other rights or remedies to which the Employee or the Company may otherwise be entitled, whether at
law, tort or contract, in equity, or under this Agreement. The Employee shall be entitled to no benefits, compensation or other payments or rights upon termination of employment following a Change in Control other than those benefits expressly
set forth in this Section 4. 
 (f) Section 409A. 
 (i) Six-Month Delay. Notwithstanding anything to the contrary in this Agreement, if the Company determines, in its good faith judgment, that
Section 409A of the Code will result in the imposition of additional tax to an earlier payment of any severance payment otherwise due to the Employee on or within the six (6) month period following the Employee’s termination, the
severance payment will accrue during such six (6) month period and will become payable in a lump sum payment on the date six (6) months and one (1) day following the date of the Employee’s termination. All subsequent payments, if
any, will be payable as provided in this Agreement. 
 (ii) Amendments to this Agreement to Comply with Section 409A. The
Employee agrees to work in good faith with the Company to consider amendments to this Agreement which are necessary or appropriate to avoid imposition of any additional tax or income recognition under Section 409A of the Code prior to the
actual payment to the Employee of payments or benefits under this Agreement. 
 5. Limitation on Payments. In the event that
the severance and other benefits provided for in this Agreement or otherwise payable to the Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”) and (ii) but for this Section 5, would be subject to the excise tax imposed by Section 4999 of the Code, then the Employee’s severance benefits under Section 4(a) shall be either: 
  

	 	(a)	delivered in full, or 

  

	 	(b)	delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code, whichever of the
foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by the Employee on an after-tax basis, of the greatest amount of severance benefits,
notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the Company and the Employee otherwise agree in writing, any determination required under this Section 5 shall
be made in writing by the Company’s independent public accountants immediately prior to Change of Control (the “Accountants”), whose determination shall be conclusive and binding upon the Employee and the 

  

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 Company for all purposes. For purposes of making the calculations required by this Section 5,
the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Employee
shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection
with any calculations contemplated by this Section 5. 
 6. Definition of Terms. The following terms referred to in
this Agreement shall have the following meanings: 
 (a) Cause. “Cause” shall mean (i) an act of personal
dishonesty taken by the Employee in connection with his responsibilities as an employee and intended to result in substantial personal enrichment of the Employee, (ii) Employee being convicted of a felony, (iii) a willful act by the
Employee which constitutes gross misconduct and which is injurious to the Company, (iv) following delivery to the Employee of a written demand for performance from the Company which describes the basis for the Company’s reasonable
belief that the Employee has not substantially performed his duties, continued violations by the Employee of the Employee’s obligations to the Company which are demonstrably willful and deliberate on the Employee’s part. 
 (b) Change of Control. “Change of Control” means the occurrence of any of the following: 
 (i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the
“beneficial owner” (as defined in Rule 13d–3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then
outstanding voting securities; or 
 (ii) Any action or event occurring within a two–year period, as a result of which fewer than a
majority of the directors are Incumbent Directors. “Incumbent Directors” shall mean directors who either (A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board
with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest
relating to the election of directors to the Company); or 
 (iii) The consummation of a merger or consolidation of the Company with any
other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or 

 

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 (iv) The consummation of the sale, lease or other disposition by the Company of all or substantially
all the Company’s assets. 
 (c) Disability. “Disability” shall mean that the Employee has been unable to
perform his or her Company duties as the result of his incapacity due to physical or mental illness, and such inability, at least twenty-six (26) weeks after its commencement, is determined to be total and permanent by a physician selected by
the Company or its insurers and acceptable to the Employee or the Employee’s legal representative (such Agreement as to acceptability not to be unreasonably withheld). Termination resulting from Disability may only be effected after at
least thirty (30) days’ written notice by the Company of its intention to terminate the Employee’s employment. In the event that the Employee resumes the performance of substantially all of his or her duties hereunder before the
termination of his or her employment becomes effective, the notice of intent to terminate shall automatically be deemed to have been revoked. 
 (d) Good Reason. “Good Reason” means without the Employee’s express written consent (i) a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the
Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a
reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a
Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason”; (ii) a substantial reduction of the facilities and perquisites (including office space and location) available to the Employee
immediately prior to such reduction; (iii) a reduction by the Company in the base compensation of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the kind or level of benefits to
which the Employee was entitled immediately prior to such reduction with the result that such Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or a location more than
thirty-five (35) miles from such Employee ‘s then present location. 
 7. Successors. 
 (a) The Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger,
consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same
manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s
business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation of law. 
 (b) The Employee’s Successors. The terms of this Agreement and all rights of the Employee hereunder shall inure to the benefit of,
and be enforceable by, the Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
  

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 8. Notice. 
 (a) General. All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given upon receipt or, if
earlier, (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business day
after the business day of deposit with Federal Express or similar overnight courier, freight prepaid or (d) one (1) business day after the business day of facsimile transmission, if delivered by facsimile transmission with copy by first
class mail, postage prepaid, and shall be addressed (i) if to Employee, at his or her last known residential address and (ii) if to the Company, at the address of its principal corporate offices (attention: Secretary), or in any
such case at such other address as a party may designate by ten (10) days’ advance written notice to the other party pursuant to the provisions above. 
 (b) Notice of Termination. Any termination by the Company for Cause or by the Employee for Good Reason or Disability or as a result of a voluntary resignation shall be communicated by a notice of
termination to the other party hereto given in accordance with Section 8(b) of this Agreement. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which shall be not more than thirty (30) days after the giving of such notice). The failure by the Employee
to include in the notice any fact or circumstance which contributes to a showing of Good Reason or Disability shall not waive any right of the Employee hereunder or preclude the Employee from asserting such fact or circumstance in enforcing his or
her rights hereunder. 
 9. Miscellaneous Provisions. 
 (a) No Duty to Mitigate. The Employee shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor
shall any such payment be reduced by any earnings that the Employee may receive from any other source. 
 (b) Waiver. No
provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). No waiver
by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.

 (c) Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form
a part of this Agreement. 
 (d) Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto and
supersedes in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter hereof. 
 (e) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the
State of California. The Superior Court of Santa Clara County and/or the United States District Court for the Northern District of California shall have exclusive jurisdiction and venue over all controversies in connection herewith. 
  

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 (f) Severability. The invalidity or unenforceability of any provision or provisions of
this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
 (g) Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes. 
 (h) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year
set forth below. 
  

					
	COMPANY	 	POLYCOM, INC.
			
		 	By:	 	  

			
		 	Title:	 	  

			
	EMPLOYEE	 	By:	 	  

			
		 	Title:	 	  

  

 -8-Letter Agreement

 EXHIBIT 10.1 
 February 14, 2006 
 Personal and
Confidential 
 Christopher T. Young 
 53-17 Vernon Boulevard

 Long Island City, New York 11101 
 Dear Chris: 
 This letter will confirm the terms of your employment with Entravision Communications Corporation (“Entravision”) as the President of Entravision’s
Outdoor Division for calendar year 2006. Notwithstanding the date of this letter above, the terms of this letter will be retroactive to February 1, 2006. 
 As President of the Outdoor Division, you will be located in our Long Island City office reporting to Entravision’s Chief Executive Officer and its President and Chief Operating Officer. 
 2006 Compensation 
  

	 	1.	Your compensation will be comprised of an annual base salary of $244,110.00 payable semi-monthly in accordance with Entravision’s normal payroll practices, and subject to
standard withholding. 

  

	 	2.	You will receive a quarterly bonus of $10,000.00 for achieving 103% of the budgeted EBITDA goals for the Outdoor Division, after giving consideration to bad debt (as defined below)
in such quarter. 

  

	 	3.	You will receive an annual bonus of $15,000.00 for achieving 103% of the budgeted EBITDA goals for the Outdoor Division, after giving consideration to bad debt in such year.

 Definition of Bad Debt 
 All local
accounts sold in a given quarter that remain uncollected after ninety (90) days will be offset against the quarterly bonus calculation in that respective quarter. All national accounts sold in a given quarter that remain uncollected after one
hundred twenty (120) days will be offset against the quarterly bonus calculation in that respective quarter. If any accounts receivable are collected within thirty (30) days following the prior determination of uncollectibility, such
amount will be added back to the quarter from which it was deducted, less any direct expenses incurred by Entravision to collect such amount. 

 Right to Adjust Revenue Budget 
 During your employment for 2006, Entravision reserves the right in its sole and absolute discretion to add, change, delete and/or modify your Entravision-approved budget, even if such changes have the net effect of
reducing or eliminating any bonus to which you otherwise would have received hereunder. This includes, but is not limited to, the right to increase budgeted revenue equal to any unexpected incremental revenue gains from political, non-traditional
revenue (NTR), or any other business. 
 Trade 
 Within
your 2006 budget, an agreed upon trade amount has been recorded. If the total actual trade amount exceeds the budgeted amount, that amount will be counted against your broadcast cash flow. 
 Capital Expenditures 
 Within your 2006 budget, an agreed upon capital
expenditure amount has been recorded. All capital expenditures must be approved by corporate in writing prior to ordering. If the capital expenditure is ordered without prior authorization in writing, the amount purchased will be counted against
your broadcast cash flow. 
 Violation of Company Policy 
 If, in Entravision’s sole judgment, you violate any company policy, including, without limitation, any policy set forth in the employee handbook, that results in an operating expense to Entravision, any out-of-pocket expenses incurred
by Entravision in defending against and/or remedying such violation (including, without limitation, attorneys fees and the actual amount of any judgment or settlement) will be charged against your quarterly or annual defined sales goals. 

Employee Benefits 
 As an existing employee of Entravision, your
current employee benefits and time served with us will remain the same. 
 Employee Conditions 
 Employment with Entravision is “at-will” meaning that either Entravision or you may terminate your employment at any time for any reason whatsoever or for no
reason, with or without notice. This letter merely sets forth the terms of your employment with Entravision for such time during 2006 as you are so employed, and shall not be considered as entitlement to continued employment. 

 Termination of Employment 
 Except in the event of termination of your employment with Entravision for cause (as defined below), and subject to execution by you of a customary release waiving all claims against Entravision arising out of your employment with
Entravision and the termination of such employment, Entravision agrees to pay you as severance the sum of $244,110.00, payable in equal installments over a period of twelve (12) months in accordance with Entravision’s normal payroll
practices and subject to standard withholding. “Cause” shall include, but not be limited to, any breach by you of this letter agreement or any failure to adhere to any Entravision rule, regulation, policy or procedure, including, but not
limited to, the rules, regulations, policies or procedures set forth in Entravision’s employee handbook as then in effect. 
 This letter supersedes any
and all prior agreements with respect to the terms of your employment with Entravision, whether written and oral, and any such prior agreement is hereby acknowledged to be null and void and of no further force and effect. 
 Please acknowledge your agreement with the terms set forth in this letter by signing and dating in the designated spaces below and returning the original to me by return
mail. A copy of this letter is enclosed for your records. 
 We thank you for all your hard work and look forward to a prosperous year. If you have any
questions, please do not hesitate to contact me. 
 Sincerely, 
  

	
	
	 /s/ Alexander K. La Brie

	 Alexander K. La Brie

	Vice President, Human Resources and Risk Management

 ACCEPTED: 
  

					
			
	 /s/ Christopher T. Young
	 		 	February 14, 2006
	 Christopher T. Young
	 		 	 Date

  

	cc:	Walter F. Ulloa 

 Philip C. Wilkinson

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