Exhibit 10.37
BONUS AGREEMENT
Xxxxxxx X. Xxxxxx ("Xxxxxx") has accepted a promotion to Chief Banking
Officer. Silicon Valley Bank ("Bank") has agreed to pay a $50,000 bonus to
Xxxxxx each December 1st starting December 1, 1998 and ending December 1,
2002. If Xxxxxx leaves for any reason before December 1, 2002 then any
remaining $50,000 payments will immediately be paid to him.
This Agreement is an agreement by the Bank to pay a bonus; it is not an
employment agreement or contract.
Silicon Valley Bank
/s/ Xxxx X. Xxxx
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signature
Xxxx X. Xxxx, President and Chief Executive Officer
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name and title
December 18, 1997
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date
