RELEASE AND WAIVER OF AGE DISCRIMINATION CLAIMS

EXHIBIT 10.03

RELEASE AND WAIVER OF AGE DISCRIMINATION CLAIMS

June 30, 2008

William A. Roper, Jr.

Personally Delivered

Dear Mr. Roper:

Various federal, state and local laws prohibit age discrimination. These laws are enforced through the U.S. Equal Employment Opportunity Commission and the California Department of Fair Employment and Housing. If you believe your treatment by the VeriSign, Inc. (“Company”), violated any of these laws, you have the right to consult with these agencies and to file a charge with them, and/or to file suit.

You may, instead, voluntarily execute this Release and Waiver of any age discrimination claims, which would release the claims and waive the right to recover any amounts to which you may have been entitled under such laws, including but not limited to, any claims you may have based on age or under the Age Discrimination in Employment Act of 1967 (ADEA), the Older Workers Benefit Protection Act (OWBPA) and the California Fair Employment and Housing Act (FEHA). You are hereby notified that you may take up to and including twenty one (21) days to review this Release and Waiver and to seek the advice of counsel concerning its affect on your legal rights (the “Consideration Period”). Should you sign this agreement before expiration of the Consideration Period, your signature shall mean that you have executed the agreement voluntarily and with a full understanding of your rights.

Following your execution of the this Release and Waiver of any age discrimination claims, you may revoke your signature for up to and including seven (7) days from the date thereof. To be effective, the revocation must be in writing and delivered to Rick Goshorn, Senior Vice President and General Counsel, and Secretary to VeriSign’s Board of Directors, by close of business (5:00 p.m. PST) on the seventh (7 ^th ) day following your execution of this Release and Waiver. Your revocation of your signature on this Release and Waiver shall have no effect upon any Settlement and General Release Agreement that you may have already signed.

Provided that you sign Settlement and General Release Agreement, and this Release and Waiver (and tender both to Mr. Goshorn), and further provided that you do not revoke your signature on the Release and Waiver, VeriSign will provide consideration for your release as follows:

In connection with the commencement of Roper’s employment, the Compensation Committee of VeriSign’s Board of Directors granted to him a non-qualified stock option to acquir