Document:

Exhibit 10.3

 

FOURTH AMENDMENT TO SHIELDS

CONSULTING AGREEMENT

 

This is a fourth amendment
(“Fourth Amendment”) to the Consulting Agreement by and between Navigation
Technologies Corporation (“NavTech”) and T. Russell Shields (“Shields”) dated
October 15, 2000, the First Amendment thereto dated September 15, 2001
(collectively the “Agreement”), the Second Amendment thereto dated October 15,
2002, and the Third Amendment thereto dated October 15, 2002, and is effective
April 15, 2003, subject to approval from the NavTech Board of Directors.

 

1.             Term.  The
Term of Section 2 of the Agreement is hereby extended to April 15, 2004.

 

2.             Compensation. 
Section 4
of the Agreement is amended and restated in its entirety as follows:

 

“4.
Compensation.  NavTech will pay
Shields (a) a flat fee of $3000 month for the
General Support under Section 6 below, plus (b) $300 per hour for any
additional consulting services that Shields performs for NavTech under Section
3 above, which compensation is payable by NavTech to Shields no later than 30
days after receipt by NavTech of an invoice from Shields.”

 

3.             General Support. 
Section 6 of the Agreement is amended and restated in its entirety as
follows:

 

“In addition
to the consulting services under Section 3 above, Shields will: (a) assist the
NavTech President in general reviews and advice to him and NavTech executives;
(b) support NavTech in general industry and customer relations; and (c)
promptly inform the NavTech President of all scheduled meetings he has with actual
and potential customers and suppliers of NavTech which are on a list supplied to Shields by the NavTech President from time
to time, but not the subject matter thereof unless there is substantive discussion about NavTech.  The services under subparts (a)-(c) are referred
to as “General Support”.  The
General Support services under subparts (a) and (b) will be undertaken under
the direction of the NavTech President, and is expected to take an average of about 5 to 10 hours per month of Shields’ time.”

 

4.             Communications and Travel.  Sections 7 and 8 of the Agreement are
deleted in their entirety.

 

5.             Notices. 
The NavTech address and fax information under Section 20 is amended to
read as follows:

 

	
  “If to
  NavTech, at:

  	
   

  	
  Navigation
  Technologies Corporation

  
	
   

  	
   

  	
  Attn: General
  Counsel

  
	
   

  	
   

  	
  The
  Merchandise Mart, Suite 900

  
	
   

  	
   

  	
  Chicago,
  IL  60654

  

 

 

	
   

  	
   

  	
  Fax: (312)
  894-7212”

  

 

In witness whereof, each of the parties has executed this Fourth
Amendment as of the date first written above.

 

	
   

  	
   

  	
  T. Russell
  Shields

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ T. Russell
  Shields

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Navigation
  Technologies Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Judson
  C. Green

  	
   

  
	
   

  	
   

  	
   

  

 

2EXHIBIT 10.43

 

AMENDMENT

TO THE SPLIT DOLLAR AGREEMENT

AND POLICY ENDORSEMENT WITH

 

 

CENTRAL VALLEY COMMUNITY BANK

 

This Amendment, made and

entered into this

             day

of 

                   

by and between Central Valley Community Bank f/k/a  as Clovis Community Bank, a

Bank organized and existing under the laws of the State of California,

hereinafter referred to as the, “Bank”, and

                        ,

a Director of the Bank, hereinafter referred to as the, “Director”, shall

effectively amend the Split Dollar Agreement and Policy Endorsement with

Central Valley Community Bank as specifically set forth herein.

 

1.)            The following life insurance policy

shall be deleted from said agreement:

Jefferson

Pilot Life Insurance Company policy number                         ,

and replaced with the following “Insurer” and “Policy Number”:

 

Insurer:  Jefferson Pilot Life Policy Number:

                        

 

2.)                                   To

replace Clovis Community Bank as set forth in said Split Dollar Agreement and

Policy Endorsement with Central Valley Community Bank. Any references to Clovis

Community Bank in said agreement shall be references to Central Valley

Community Bank throughout said agreement as the one shall mean the other and

shall have the same force and effect.

 

This Amendment

shall be effective the

            day of 

                        ,

2003.

 

To the extent

that any paragraph, term, or provision of the aforestated Agreement is not

specifically amended herein, or in any other amendment thereto, said paragraph,

term, or provision shall remain in full force and effect as set forth in said

agreement.

 

IN WITNESS WHEREOF, the parties hereto acknowledge

that each has carefully read this Amendment and executed the original thereof

on the first day set forth hereinabove, and that, upon execution, each has

received a conforming copy.

 

 

	

   

  	

  CENTRAL VALLEY COMMUNITY

  BANK F/K/A AS CLOVIS

  COMMUNITY BANK

  	 

	

   

  	

  Clovis,

  California

  	 

	

   

  	

   

  	

  By: 

  	

   

  	

   

  	 

	

  Witness

  	

   

  	

   Title

  
	

   

  	

   

  	 

	

   

  	

   

  	

   

  	

   

  	 

	

  Witness

  	

  DirectorEXHIBIT 10.44

 

Schedule C

Amendment to the

Split Dollar Agreement and Policy Endorsement with Central Valley Community

Bank

 

 

Participants and life insurance

policies in Central Valley Community Bank Amendment to the Split Dollar

Agreement and Policy Endorsement

 

	

  Participant

  	

   

  	

  Dates of

  signature

  	

   

  	

  Old Policy

  

  Jefferson Pilot Life

  	

   

  	

  New Policy

  Jefferson Pilot Life

  	

   

  
	

  Daniel N. Cunningham

  	

   

  	

  January 3, 2003

  	

   

  	

  0008672841

  	

   

  	

  JP5234733

  	

   

  
	

  Steven McDonald

  	

   

  	

  January 3, 2003

  	

   

  	

  0008672854

  	

   

  	

  JP5234736

  	

   

  
	

  Louis McMurray

  	

   

  	

  January 3, 2003

  	

   

  	

  N/A

  	

   

  	

  N/A

  	

   

  
	

  Wanda Lee Rogers

  	

   

  	

  January 3, 2003

  	

   

  	

  N/A

  	

   

  	

  N/A

  	

   

  
	

  William S. Smittcamp

  	

   

  	

  January 3, 2003

  	

   

  	

  N/A

  	

   

  	

  N/AExhibit
10.50

 

April 9, 2003

 

Badar Baqai

70 Lima Terrace

Fremont, CA 94539

 

Re:                             Terms
of Separation

 

Dear Badar:

 

This letter sets forth the agreement between you and
Silicon Image, Inc (the “Company”) concerning the terms of your separation and
the separation compensation we discussed.

 

1.                                       Separation
Date:  Your employment terminates
effective April 30, 2003 (the “Separation Date”).

 

2.                                       Severance
Pay:  Although the Company is under
no obligation to provide you with any form of severance pay, the Company will
give you a severance package consisting of a) six (6) months base annual
earnings cash severance, subject to applicable withholdings 2003, b) twelve
(12) months of vesting acceleration for options for 180,000 shares with an
exercise price of $1.14 (with all other options to cease vesting on the
Separation Date), and c) a period of twelve (12) months following the
Separation Date to exercise all vested options.  In addition, your present medical, dental and vision benefits
will remain in effect until October 31, 2003.

 

By signing below, you acknowledge that you are receiving the
compensation outlined in this paragraph in consideration for the release of
claims and other terms contained in this agreement, and that you would not
otherwise be entitled to payment in the manner outlined herein.

 

3.                                       Return
of Company Property:  You hereby
warrant to the Company that you have returned to the Company all property or
data of the Company of any type whatsoever that has been in your possession or
control.

 

4.                                       Confidential
Information:  You hereby acknowledge
that you are bound by the Employee Invention Assignment and Confidentiality
Agreement you signed upon joining the Company and that as a result of your
employment with The Company you have had access to The Company’s Proprietary
Information (as defined in that agreement), that you will hold all Proprietary
Information in strictest confidence and that you will not make use of such
Proprietary Information on behalf of anyone. You further confirm that you have
delivered to The Company all documents and data of any nature containing or
pertaining to such Proprietary Information and that you have not taken with you
any such documents or data or any reproduction thereof.

 

5.                                       Waiver
of Claims:  The payments and
promises set forth in this agreement are in full satisfaction of all accrued
salary, vacation pay, bonus pay, profit-sharing, stock options,

 

 

termination benefits or other compensation to which you may be entitled
by virtue of your employment with The Company or your separation from The
Company. You hereby release and waive any and all claims you may have against
The Company and its owners, agents, officers, shareholders, employees,
directors, attorneys, subscribers, subsidiaries, affiliates, successors and
assigns (collectively “Releasees”), whether known or not known, including,
without limitation, claims under any employment laws, including, but not
limited to, claims of unlawful discharge, breach of contract, breach of the
covenant of good faith and fair dealing, fraud, violation of public policy,
defamation, physical injury, emotional distress, claims for additional
compensation or benefits arising out of your employment or your separation of
employment, claims under Title VII of the 1964 Civil Rights Act, as amended,
the California Fair Employment and Housing Act and any other laws and/or
regulations relating to employment or employment discrimination, including,
without limitation, claims based on age or under the Age Discrimination in
Employment Act or Older Workers Benefit Protection Act. By signing below, you
expressly waive any benefits of Section 1542 of the Civil Code of the State of
California, which provides as follows:

 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
SETTLEMENT WITH THE DEBTOR.”

 

6.                                       Nondisparagement:  You agree that you will not disparage the
Company or its products, services, agents, representatives, directors,
officers, shareholders, attorneys, employees, vendors, affiliates, successors
or assigns, or any person acting by, through, under or in concert with any of
them, with any written or oral statement.

 

7.                                       Legal
and Equitable Remedies:  You agree
that Releasees have the right to enforce this agreement and any of its
provisions by injunction, specific performance or other equitable relief
without prejudice to any other rights or remedies Releasees may have at law or
in equity for breach of this agreement.

 

8.                                       Attorneys’
Fees:  If any action is brought to
enforce the terms of this agreement, the prevailing party will be entitled to
recover its reasonable attorneys’ fees, costs and expenses from the other
party, in addition to any other relief to which the prevailing party may be
entitled.

 

9.                                       Confidentiality:  The contents, terms and conditions of this
agreement must be kept confidential by you and may not be disclosed except to
your accountant or attorneys or pursuant to subpoena or court order. You agree
that if you are asked for information concerning this settlement, you will
state only that you and The Company reached an amicable resolution of any
disputes concerning your separation from The Company. Any breach of this
confidentiality provision shall be deemed a material breach of this agreement.

 

10.                                 No
Admission of Liability:  This
agreement is not and shall not be construed or contended by you to be an
admission or evidence of any wrongdoing or liability on the part of Releasees,
their representatives, heirs, executors, attorneys, agents, partners, officers,
shareholders, directors, employees, subsidiaries, affiliates, divisions,
successors or assigns. This

 

2

 

agreement shall be afforded the maximum protection allowable under
California Evidence Code Section 1152 and/or any other state or federal
provisions of similar effect.

 

11.                                 Entire
Agreement:  This agreement
constitutes the entire agreement between you and Releasees with respect to the
subject matter hereof and supersedes all prior negotiations and agreements,
whether written or oral, relating to such subject matter other than the
confidentiality agreement referred to in paragraph 5, above. You acknowledge
that neither Releasees nor their agents or attorneys have made any promise,
representation or warranty whatsoever, either express or implied, written or
oral, which is not contained in this agreement for the purpose of inducing you
to execute the agreement, and you acknowledge that you have executed this
agreement in reliance only upon such promises, representations and warranties
as are contained herein.

 

12.                                 Modification:  It is expressly agreed that this agreement
may not be altered, amended, modified, or otherwise changed in any respect
except by another written agreement that specifically refers to this agreement,
executed by authorized representatives of each of the parties to this
agreement.

 

13.                                 Review
of Separation Agreement:  You
understand that you may take up to twenty-one (21) days to consider this
agreement and, by signing below, affirm that you were advised to consult with
an attorney prior to signing this agreement. 
You also understand you may revoke this agreement within seven (7) days
of signing this document and that the compensation to be paid to you pursuant
to Paragraph 2 will be paid only at the end of that seven (7) day revocation
period.

 

14.                                 Non-Solicitation:
 Beginning on the date of this letter
and continuing until one year after the Separation Date, you will not solicit
any employee of the Company or its subsidiaries to terminate his or her
employment with the Company or its subsidiaries.

 

If you agree to abide by the terms outlined in this
letter, please sign the attached copy and return it to me. I wish you the best
in your future endeavors.

 

Sincerely,

 

 

Steve Tirado

President

 

I have read and considered and agree to the foregoing.

 

	
   

  	
   

  
	
  [Employee]

  
	
   

  
	
   

  
	
  Date:

  	
   

  	
   

  
			

 

3

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