Exhibit 10.19
April 7, 2006
Satish Rishi
[ Intentionally
Omitted ]
[ Intentionally
Omitted ]
We are pleased to offer you a
position with Rambus as Vice President of Finance and Chief
Financial Officer.
Your starting base salary will be
$25,000.00/month, which over a full year would equal $300,000.00.
You will also have a target bonus of $200,000.00 annually. You will
be eligible for Rambus’ standard benefits package including
insurance and 3 weeks annual vacation.
Rambus agrees to reimburse you for
up to $250,000.00 for relocation expenses. If you should terminate
employment with Rambus for any reason within one year of your
relocation, you will be required to repay a pro-rated portion of
the amount received.
You will also receive a signing
bonus of $120,000.00. This will be payable within 2 weeks of your
start date. If you should terminate employment with Rambus for any
reason within one year of your date of hire, you will be required
to repay a pro-rated portion of the amount received.
Rambus will grant an option to you
to purchase 220,000 shares of Rambus stock. The option grant will
be made after formal approval by the Compensation Committee on your
first day of employment at Rambus. Options vest as follows: no
options will vest
