Silicon Valley Bank (“Bank”) agrees to pay a $15,750.00 bonus to Marc Verissimo (“Verissimo”) each April 15
th starting April 15, 2001 and ending April 15, 2006 to cover taxes on imputed interest in connection with an
If Verissimo resigns or is involuntarily terminated from his employment with Bank before March 1, 2006 for any
reason except death, or an Involuntary Termination or Constructive Termination following a Change in Control
(all as defined and further described in the Change and Control Severance Benefit Policy) than the Bank shall not
make any further bonus payments under this Agreement. If (a) Verissimo’s employment terminates by his death
prior to March 1, 2006, or (b) Verissimo’s employment terminates by an Involuntary Termination or
Constructive Termination following a Change in Control, then all bonus payments under this agreement will
continue through April 15, 2006.
This Agreement is an agreement by the Bank to pay a bonus; it is not an employment agreement or contract.
Silicon Valley Bank
/s/ Chris Lutes
CFO Chris Lutes
Name and Title
/s/ Marc Verissimo