Exhibit 10.26
AMENDMENT NO. 1 TO
AMENDED AND RESTATED SEVERANCE AGREEMENT
This Amendment No. 1, dated January 24, 2000, amends a certain Amended
and Restated Severance Agreement dated as of August 15, 1997 by and between
Silicon Image, Inc., a Delaware corporation (the "COMPANY"), and Xxxxx X. Xxx
("EXECUTIVE") (the "RESTATED AGREEMENT").
WHEREAS, the Restated Agreement aimed to enhance Executive's ability to
perform effectively by providing him with employment security; and
WHEREAS, with a view to that purpose, the Restated Agreement provided
certain benefits to Executive during the period that his equity compensation
continued to vest, that is, until December 31, 2000; and
WHEREAS, Executive has since been awarded additional equity
compensation by the Company that is subject to vesting until November 11, 2003;
NOW, THEREFORE, the parties hereto agree as follows:
1. The Restated Agreement is hereby amended to replace the date,
"December 31, 2000" with the date, "December 31, 2003", each place that it
appears (including, without limitation, Sections 3(i), 3(ii), and 7).
2. Except as amended by this Amendment No. 1, the terms of the Restated
Agreement remain in full force and effect.
IN WITNESS WHEREOF, the undersigned parties have executed this
Amendment No. 1 (or have caused this Amendment No. 1 to be executed by their
duly authorized representatives) as of January 24, 2000.
Silicon Image, Inc.
By: /s/ Xxxxx Xxxxxx /s/ Xxxxx X. Xxx
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Xxxxx Xxxxxx Xxxxx X. Xxx
Executive Vice President
