Document:

Offer Letter from the registrant to Andrew J. Brown

 Exhibit 10.31 
  
 November 29, 2004 
  
 Andrew J. Brown 
  
 Dear Andy: 
  
 It is my pleasure to extend you an
offer of employment with palmOne, Inc. (“palmOne”) to be located in Milpitas as Senior Vice President and Chief Financial Officer reporting directly to me. 
  
 Remuneration 
  
 Your annual salary will be $350,000 less standard deductions and will be paid semi-monthly. In addition, you will also be eligible to participate in the palmOne
discretionary cash bonus plan. Currently, the bonus plan offers you the opportunity to earn a target bonus amount of 70% of base salary; actual payouts are based on various factors, including company and individual performance, and are paid
semi-annually. 
  
 Stock Options 
  
 You will be eligible to receive a stock option grant of 225,000 palmOne shares subject to
the terms and conditions of the 1999 palmOne Stock Plan. The option shares are priced at the closing stock price on Friday of the week of your effective hire date or, if the stock market is closed on this date, the closing stock price on the last
trading day prior to Friday. The option plan provides four year vesting: 25% of the stock subject to the grant shall vest on the one-year anniversary date of your effective date of hire and the remaining stock subject to the grant shall vest on a
monthly basis thereafter. 
  
 In addition you will be eligible to receive a grant
of 25,000 shares of restricted stock priced at par value ($.001 per share). These shares will vest at a rate of 25% of the initial grant on each one-year anniversary from your date of hire. 

 Benefits 
  
 palmOne offers a competitive complement of benefits, which currently includes 28 days of combined time off and holidays, an Employee Stock Purchase Program (ESPP) and a
one-month sabbatical program after each four years of continuous employment. 
  
 This offer of employment and your continued employment with palmOne are expressly contingent upon palmOne receiving the following: 
  

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

  

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

  

	 	•	 	Satisfactory references. 

  
 If your position requires exposure or access to export controlled or classified data, this offer is also contingent upon successful acquisition of any necessary licenses or security clearances. If a license is
granted, then you must agree to abide by all conditions of any restrictions or riders to the license approval. 
  
 This offer of employment is open for a period of 10 working days from the date of this letter. Please confirm your acceptance within this time period by signing below and returning the signed offer letter along with
signed agreements to me. 

 Let me close by reaffirming our belief that the skills and background you bring to palmOne will be instrumental to the
future success of the Company. palmOne believes that the single most important factor in our success has been our people. I look forward to working with you very soon. 
  
 Sincerely, 
  

	
	 /s/ R. Todd Bradley

	Todd Bradley
	Chief Executive Officer
	palmOne, Inc.

  
 I accept the offer of employment at
palmOne, Inc. based on the terms described in this offer letter. 
  

			
	 /s/ Andrew J. Brown

	 	 December 13, 2004

	Andrew J. Brown	 	DateAmended Employment Agreement.

 EXHIBIT 10.13 
  
 AMENDMENT NO. 1 
 TO EMPLOYMENT AGREEMENT BETWEEN 
 CHECKERS DRIVE-IN RESTAURANTS, INC., A DELAWARE CORPORATION, AND 
 KEITH E. SIROIS 
  
 THE HEREIN AMENDMENT hereby modifies that certain Employment Agreement by and between Checkers Drive-In Restaurants, Inc., (“Checkers”) and
Keith E. Sirois (the “Executive”) dated September 26, 2003, as follows: 
  
 1.  The initial term of the Employment Agreement under Paragraph 2 is extended until September 25, 2006. 
  
 2.  Effective September 26, 2004, the Annual Salary under Paragraph 3.1 of the Employment Agreement is increased to THREE HUNDRED FIFTY THOUSAND
DOLLARS ($350,000.00) annually. 
  
 3.  Effective at the
close of business on November 8, 2004, Executive shall be grant 30,000 options under Checkers’ 2001 Employee Stock Option Plan. 
  
 4.  Except for the specific modifications hereto, the parties hereto mutual affirm that all other terms of the Employment Agreement dated
September 26, 2003 remains in full force and effect. 
  
 IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of this 8th day of November, 2004. 
  
 Checkers Drive-In Restaurants, Inc., 
 a Delaware Corporation 
  

	
	
	 /s/    Peter C. O’Hara

	 Peter C. O’Hara
 Chairman of the Board of Directors

	
	EXECUTIVE
	
	 /s/    Keith E. Sirois

	 Keith E. SiroisAmended Employment Agreement

 EXHIBIT 10.14 
  
 AMENDMENT NO. 1 
 TO EMPLOYMENT AGREEMENT BETWEEN 
 CHECKERS DRIVE-IN RESTAURANTS, INC., A DELAWARE CORPORATION, AND 
 ADAM NOYES 
  
 THE HEREIN AMENDMENT hereby modifies that certain Employment Agreement by and between Checkers Drive-In Restaurants, Inc., (“Checkers”) and Adam
Noyes (the “Executive”) dated September 19, 2003, as follows: 
  
 1.  Effective November 2, 2004, the Annual Salary under Paragraph 3.1 of the Employment Agreement is increased to ONE HUNDRED NINETY THOUSAND DOLLARS ($190,000.00) annually. 
  
 2.  Except for the specific modifications hereto, the parties
hereto mutual affirm that all other terms of the Employment Agreement dated September 19, 2003 remains in full force and effect. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of this 8th day of November, 2004. 
  
 Checkers Drive-In Restaurants, Inc., 
 a Delaware Corporation 
  

	
	
	 /s/    Peter C. O’Hara

	 Peter C. O’Hara
 Chairman of the Board of Directors

	
	EXECUTIVE
	
	 By: /s/    Adam Noyes

	 Adam NoyesForm of Stock Option Agreement

 Exhibit 4.2 
  

Option No.         
  
 PACIFIC MERCANTILE BANCORP 
  
 FORM OF STOCK OPTION AGREEMENT 
  
 Type of Option (check one):     ̈  Incentive             ̈  Nonqualified 
  
 This Stock
Option Agreement (the “Agreement”) is entered into as of                     , 200  , by and between Pacific
Mercantile Bancorp, a California corporation (the “Company”), and
                                        
             (the “Optionee”) pursuant to and subject to the terms of the Company’s 2004 Stock Incentive Plan (the “Plan”). Any capitalized term not defined
herein shall have the same meaning ascribed to it in the Plan. 
  
 1. Grant of Option. The Company hereby grants to Optionee an option (the “Option”) to purchase all or any portion of a total of
                                        
                 (            ) shares (the “Shares”) of the Common Stock of the Company
at a purchase price of                              Dollars
($                ) per share (the “Exercise Price”), subject to the terms and conditions set forth herein and the provisions of the Plan. If the box
marked “Incentive” above is checked, then this Option is intended to qualify as an “incentive stock option” as defined in Section 422 of the Internal Revenue Code of l986, as amended (the “Code”). If this Option fails
in whole or in part to qualify as an incentive stock option, or if the box marked “Nonqualified” is checked, then this Option shall to that extent constitute a nonqualified stock option. 
  
 2. Vesting of Option. The right to exercise this Option shall vest in
installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment, as follows: 
  

			
	 On or After

	  	 This Option shall be Exercisable as to:

	                          , 20    
	  	                     
                     Shares
	                          , 20    
	  	an additional                      Shares
	                          , 20    
	  	an additional                      Shares
	                          , 20    
	  	an additional                      Shares
	                          , 20    
	  	an additional                      Shares

  
 No additional Shares
shall vest after the date of termination of Optionee’s “Continuous Service” (as defined below), but this Option shall continue to be exercisable in accordance with Section 3 hereof with respect to that number of shares that have
vested as of the date of termination of Optionee’s Continuous Service. 
  
 As used herein, the term “Continuous Service” means (i) employment by either the Company or any parent or subsidiary corporation of the Company, or by a corporation or a parent or subsidiary of a corporation
issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, which is uninterrupted except for vacations, illness (other than permanent disability, as defined in Section 22(e)(3) of the Code), or leaves of absence
which are approved in writing by the Company or any of such other employer corporations, if applicable, or (ii) service as a member of the Board of Directors of the Company until Optionee resigns, is removed from office, or Optionee’s term of
office expires and he or she is not reelected. Notwithstanding the foregoing, if the Optionee’s position with the Company or any Subsidiary terminates or ceases, by the Optionee obtains another position with the Company or any Subsidiary,
whether as an employee or a director, within the succeeding fifteen (15) days, the Optionee Continuous Service shall not be deemed to have terminated or ceased and the Option granted hereunder shall not be affected by, and shall remain unchanged and
in full force and effect notwithstanding, such change in position. 

 3. Term of Option. The right of the Optionee to exercise this Option shall terminate upon the
first to occur of the following: 
  
 (a) the expiration of ten
(10) years from the date of this Agreement; 
  
 (b) the expiration
of three (3) months from the date of termination of Optionee’s Continuous Service if such termination occurs for any reason other than permanent disability, death or voluntary resignation; provided, however, that if Optionee dies during such
three-month period the provisions of Section 3(e) below shall apply; 
  
 (c) the expiration of one (1) month from the date of termination of Optionee’s Continuous Service if such termination occurs due to voluntary resignation and, in such event, Section 3(e) below shall not apply in the event Optionee dies
during such one month period; 
  
 (d) the termination of
Optionee’s Continuous Service due to his or her Misconduct, as defined in Section 2.18 of the Plan. 
  
 (e) the expiration of one (1) year from the date of termination of Optionee’s Continuous Service if such termination is due to permanent disability
of the Optionee (as defined in Section 22(e)(3) of the Code); 
  
 (f) the expiration of one (1) year from the date of termination of Optionee’s Continuous Service if such termination is due to Optionee’s death or if death occurs during either the three-month following termination of
Optionee’s Continuous Service pursuant to Section 3(b) above; or 
  
 (g) upon the consummation of a “Change in Control” (as defined in Section 2.5 of the Plan), unless such Option is otherwise assumed or replaced with a new option of comparable value or other New Incentives as provided in Section 8
below. 
  
 4. Exercise of Option. On or after the vesting
of any portion of this Option, in accordance with Sections 2 or 8 hereof, and continuing until termination of the right to exercise this Option in accordance with Section 3 above, the portion of this Option which has vested may be exercised in whole
or in part by the Optionee (or, after his or her death, by the person designated in Section 5 below) upon delivery of the following to the Company at its principal executive offices: 
  
 (a) a written notice of exercise which identifies this Agreement and states the number of Shares then being purchased (but
no fractional Shares may be purchased); 
  
 (b) a check or cash in
the amount of the Exercise Price (or payment of the Exercise Price in such other form of lawful consideration as the Administrator may approve from time to time under the provisions of Section 5.3 of the Plan); 
  
 (c) a check or cash in the amount reasonably requested by the Company to
satisfy the Company’s withholding obligations under federal, state or other applicable tax laws with respect to the taxable income, if any, recognized by the Optionee in connection with the exercise of this Option (unless the Company and
Optionee shall have made other arrangements for deductions or withholding from Optionee’s wages, bonus or other compensation payable to Optionee, or by the withholding of Shares issuable upon exercise of this Option or the delivery of Shares
owned by the Optionee in accordance with Section 10.1 of the Plan, provided such arrangements satisfy the requirements of applicable tax laws); and 
  
 (d) a letter, if requested by the Company, in such form and substance as the Company may require, setting forth the investment intent of the Optionee, or
person designated in Section 5 below, as the case may be. 
  
 5.
Death of Optionee; No Assignment. The rights of the Optionee under this Agreement may not be assigned or transferred except by will or by the laws of descent and distribution, and may be exercised during the 

  

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lifetime of the Optionee only by such Optionee. Any attempt to sell, pledge, assign, hypothecate, transfer or dispose of this Option in contravention of this
Agreement or the Plan shall be void and shall have no effect. If the Optionee’s Continuous Service terminates as a result of his or her death and Optionee’s right to exercise this Option has vested pursuant to Section 2 or Section 8 hereof
prior to his or her death, Optionee’s legal representative, his or her legatee, or the person who acquired the right to exercise the vested portion of this Option by reason of the death of the Optionee (individually, a “Successor”)
shall succeed to the Optionee’s rights and obligations under this Agreement. After the death of the Optionee, only a Successor may exercise this Option and, then, only as to the portion thereof that vested prior to the death of the Optionee.

  
 6. Representation of Optionee. Optionee acknowledges
receipt of a copy of the Plan and understands that all rights and obligations connected with this Option are set forth in this Agreement and the Plan. 
  
 7. Adjustments Upon Changes in Capital Structure. In the event that the outstanding shares of Common Stock of the Company are hereafter increased
or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a recapitalization, stock split, reverse stock split, reclassification, stock dividend or other similar change in the
capital structure of the Company, then appropriate adjustment shall be made by the Administrator to the number of Shares subject to the unexercised portion of this Option and to the Exercise Price per share, in order to preserve, as nearly as
practical, but not to increase, the benefits of the Optionee under this Option, in accordance with the provisions of Section 4.2 of the Plan. 
  
 8. Change in Control. In the event of the consummation of a Change in Control (as defined in Section 2.5 of the Plan): 
  
 (a) Except as otherwise provided in Subsection (c) of this Section 8, the
right to exercise the Option shall accelerate automatically and vest in full (notwithstanding the provisions of Section 2 above), which acceleration shall be deemed to have become effective immediately prior to the consummation of the Change in
Control. 
  
 (b) If this Option is or becomes vested immediately
prior to the consummation of a Change in Control (whether such vesting occurred pursuant to Section 2 hereof or as a result of acceleration pursuant to Subsection (a) of this Section 8), the Administrator in its discretion may provide, as to the
vested portion of this Option, for the cancellation, purchase or exchange of the vested portion of this Option, effective on consummation of such Change in Control transaction, for an amount of cash or other property having a value equal to the
difference (or “spread”) between: (x) the value of the cash or other property that the Optionee would have received pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had this
Option been exercised with respect to the Shares subject to the vested portion of this Option immediately prior to the Change in Control, and (y) the aggregate Exercise Price for such Shares. 
  
 (c) If this Option is held by an employee of the Company or any Subsidiary
thereof, then, notwithstanding Subsection (a) of this Section 8, the vesting of this Option shall not accelerate if either: 
  
 (i) this Option (including the unvested portion thereof) is to be assumed by the successor entity or Acquiring Party (as defined in the Plan) or a
Substitute Option is to be issued in exchange for this Option by the successor entity or Acquiring Party pursuant to the terms of the Change in Control transaction, or 
  
 (ii) the consideration to be received by the stockholders of the Company in connection with the Change in Control does not
consist of securities, and this Option (including the unvested portion thereof) is to be replaced by the acquiring or successor entity (or parent thereof) with other incentives of comparable value under a new incentive program (“New
Incentives”) containing such terms and provisions as the Administrator in its discretion considers equitable. 
  
 (d) If this Option is assumed or a Substitute Option is issued in exchange therefor, or New Incentives are granted in place of this Option, then this
Option or the Substitute Option or New Incentives (as the case may be) shall be appropriately adjusted, concurrently with the Change in Control, to apply to the number and class of securities or other property that the Optionee would have received
pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had this Option been exercised 

  

 3 

 
immediately prior to the Change in Control, and appropriate adjustment also shall be made to the Exercise Price such that the aggregate Exercise Price of
this Option or the Substitute Option or New Incentives (as the case may be) shall remain the same as nearly as practicable. 
  
 (e) If the provisions of Subsection 8(c) above apply, then this Option, the Substitute Option or the New Incentives (as the case may be) shall continue to
vest in accordance with the provisions of Section 2 hereof and shall continue in effect for the remainder of the term of this Option in accordance with the provisions of Section 3 hereof. Notwithstanding the foregoing, however, in the event an
Involuntary Termination (as defined in the Plan) of Optionee’s Continuous Service occurs on, in connection with or within twelve (12) months following, such Change in Control, then vesting of this Option, the Substitute Option or the New
Incentives (as the case may be) shall vest automatically in full effective immediately prior to such Involuntary Termination. The provisions of this Section shall not limit the grounds for the dismissal or discharge of Optionee or any other
individual in the service of the Company, or the successor entity or Acquiring Party in any such Change in Control. 
  
 (f) If the Company enters into a definitive agreement providing for consummation of a Change of Control transaction, then, the Administrator shall cause
written notice of the Change in Control transaction to be given to the Optionee not less than fifteen (15) days prior to the anticipated effective date of the proposed transaction, provided, however, that any delay in giving or any
failure to give such notice shall not affect the validity of nor shall it entitle the Optionee to obtain a delay or postponement in the consummation of the Change in Control transaction. 
  
 (g) Notwithstanding any provision to the contrary that may be contained in this Agreement, this Option shall terminate and
cease to be exercisable upon consummation of a Change in Control except to the extent that the Option is assumed by the successor entity or Acquiring Party (as defined in the Plan) pursuant to the terms of the Change in Control transaction.

  
 (h) Notwithstanding anything to the contrary that may be
contained in this Section 8 or elsewhere in this Agreement, if an acceleration of the vesting of this Option occurs immediately prior to the consummation of a Change in Control, pursuant to Subsection 8(a) above, but the Change in Control
transaction is terminated or abandoned, for any reason whatsoever, before consummation thereof, then such acceleration of vesting shall be deemed to have not occurred and the vesting schedule for this Option, as in effect prior to such acceleration,
shall be reinstated. 
  
 9. No Employment Contract Created.
Neither the granting of this Option nor the exercise hereof shall be construed as granting to the Optionee any right with respect to continuance of employment by the Company or any of its subsidiaries. The right of the Company or any of its
subsidiaries to terminate at will the Optionee’s employment at any time (whether by dismissal, discharge or otherwise), with or without cause, is specifically reserved. 
  
 10. Rights as Stockholder. The Optionee (or transferee of this option by will or by the laws of descent and
distribution) shall have no rights as a stockholder with respect to any Shares covered by this Option until such person has duly exercised this Option, paid the Exercise Price and become a holder of record of the Shares purchased. 
  
 11. “Market Stand-Off” Agreement. Optionee agrees that, if
requested by the Company or the managing underwriter of any proposed public offering of the Company’s securities, Optionee will not sell or otherwise transfer or dispose of any Shares held by Optionee without the prior written consent of the
Company or such underwriter, as the case may be, during such period of time, not to exceed 180 days following the effective date of the registration statement filed by the Company with respect to such offering, as the Company or the underwriter may
specify. 
  
 12. Notice of Disqualifying Disposition. To
obtain certain tax benefits afforded to Incentive Options, an Optionee must hold the shares issued upon the exercise of an Incentive Option for two years after the date of grant of the Option and one year from the date of exercise. By executing this
Agreement, Optionee hereby agrees to promptly notify the Company’s Chief Financial Officer of any disposition of Shares within one year from the date this Option is exercised or within two years of the date of grant of this Option. 

 

 4 

 13. Interpretation. This Option is granted pursuant to the terms of the Plan, and shall in all
respects be interpreted in accordance therewith. The Administrator shall interpret and construe this Option and the Plan, and any action, decision, interpretation or determination made in good faith by the Administrator shall be final and binding on
the Company and the Optionee. As used in this Agreement, the term “Administrator” shall refer to the committee of the Board of Directors of the Company appointed to administer the Plan, and if no such committee has been appointed, the term
Administrator shall mean the Board of Directors. 
  
 14.
Limitation of Liability for Nonissuance. During the term of the Plan, the Company agrees at all times to reserve and keep available, and to use its reasonable best efforts to obtain from any regulatory body having jurisdiction any requisite
authority in order to issue and sell, such number of shares of its Common Stock as shall be sufficient to satisfy its obligations hereunder and the requirements of the Plan. Inability of the Company to obtain, from any regulatory body having
jurisdiction, authority deemed by the Company’s counsel to be necessary for the lawful issuance and sale of any shares of its Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or
sale of such shares as to which such requisite authority shall not have been obtained. 
  
 15. Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed given when delivered personally or three (3) days after being
deposited in the United States mail, as certified or registered mail, with postage prepaid, (or by such other method as the Administrator may from time to time deem appropriate), and addressed, if to the Company, at its principal place of business,
Attention: the Chief Financial Officer, and if to the Optionee, at his or her most recent address as shown in the employment or stock records of the Company. 
  
 16. Governing Law. The validity, construction, interpretation, and effect of this Option shall be governed by and
determined in accordance with the laws of the State of California except for matters related to corporate law, in which case the provisions of the Delaware General Corporation Law shall govern. 
  
 17. Severability. Should any provision or portion of this Agreement be
held to be unenforceable or invalid for any reason, the remaining provisions and portions of this Agreement shall be unaffected by such holding. 
  
 18. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together
shall be deemed one instrument. 
  
 [Signature Page Follows]

  

 5 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

							
	PACIFIC MERCANTILE BANCORP	 	 	 	OPTIONEE
	a California corporation	 	 	 	 
				
	By:	 	  

	 	 	 	  

	 	 	 	 	 	 	(Signature)
	Name:	 	  

	 	 	 	  

	 	 	 	 	 	 	(Type or print name)
				
	Its:	 	  

	 	 	 	Address:
	 	 	(Title)	 	 	 	  
  

	 	 	 	 	 	 	  

	 	 	 	 	 	 	  

  

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