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Silicon Image,
Inc. (the “ Company ”) is pleased to confirm our
employment offer to you as specified herein with a start date of
August 22, 2005. The terms of our offer and the
benefits currently provided by the Company are as
follows:
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1.
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As
you are aware the Company’s current Chief Financial Officer
is on a leave of absence and you are being hired to be the
Company’s Interim Chief Financial Officer during his absence.
As Interim Chief Financial Officer you will report to Steve Tirado,
the Company’s Chief Executive Officer, and will be
responsible for exercising the duties and responsibilities
typically associated with a public company Chief Financial Officer,
including participating in the Company’s internal management
certification process, and the preparation and certification of the
Company’s SEC financial reports.
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2.
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Your total cash compensation will be
$30,000.00 per month . In addition, you will be eligible to
participate in regular health insurance and other employee benefit
plans established by the Company for its employees from time to
time.
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3.
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As
an employee of the Company you will have access to certain Company
confidential information and you may, during the course of your
employment, develop certain information or inventions which will be
the property of the Company. During the period that you render
services to the Company, you agree to not engage in any employment,
business or activity that is in any way competitive with the
business or proposed business of the Company. You will disclose to
the Company in writing any other gainful employment, business or
activity that you are currently associated with or participate in
that competes with the Company. To protect the interest of the
Company, you will need to sign the Company’s standard
“Employee Inventions and Confidentiality Agreement” as
a condition of your employment. We wish to impress upon you that
we do not wish you to bring any confidential or proprietary
material of any former employer or to violate any other obligations
you may have to your former employer. You represent that your
signing of this offer letter, agreement(s) concerning stock options
granted to you under the Plan (as defined below) and the
Company’s Employee Invention Assignment and Confidentiality
Agreement and your commencement of employment with the Company will
not violate any agreement currently in place between yourself and
current or past employers.
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4.
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This offer of employment is made to
you in confidence, and we ask that you not disclose its
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