Employment Offer Letter between VeriSign, Inc. and Anne-Marie Law (May 2, 2007)
VeriSign, Inc. offers Anne-Marie Law a full-time position as Vice President, Human Resources Business Partner, Product Management & Marketing, with an annual salary of $230,000, a $30,000 hiring bonus, eligibility for stock options and restricted stock units, and participation in the company's bonus and benefits plans. The offer is contingent on signing confidentiality agreements, passing a background check, and providing proof of legal work status. Employment is at-will and can be terminated by either party at any time. The offer expires on May 7, 2007.
EXHIBIT 10.36
![]() |
May 2, 2007
Anne Marie Law
[Address]
Dear Anne Marie:
On behalf of VeriSign, Inc. I am pleased to offer you a regular full-time position of Vice President Human Resources Business Partner, Product Management & Marketing (926.VICE PRESIDENT) reporting to Rod McCowan. The details of the offer are as follows:
Annual Salary: $230,000 (Paid Bi-Weekly)
Hiring Bonus: $30,000 (To be paid in two allotments. First payment of $15,000 payable six months after your start date, second payment of $15,000 payable one year after your start date). Should you voluntarily terminate from VeriSign for any reason within one year of your hire date, you will be required to repay VeriSign $30,000 on a pro-rated basis.
Stock Options and Restricted Stock Units: I will recommend to the Board of Directors that you be granted stock options to purchase 36,820 shares of Common Stock of VeriSign, Inc., such grant to be subject to terms and conditions of the VeriSign, Inc. 2007 Equity Incentive Plan. The exercise price of the options will be based on the fair market value on the date of grant. You will be eligible to exercise up to twenty-five percent (25%) of your total shares one year from the date of grant, provided that you are employed by VeriSign, Inc. or one of its direct or indirect subsidiaries at that time. Each subsequent quarter (3 months) an additional 6.25% of your total shares will become eligible to exercise provided that you are employed by VeriSign. Additionally, I will recommend to the Board of Directors that you be granted 5,140 restricted stock units of VeriSign, Inc., such grant to be subject to the terms and conditions of the VeriSign, Inc. 2007 Equity Incentive Plan. This award will fully vest over a period of four years from the date of the award with 25% vesting after on each annual anniversary of the grant date provided that you are employed by VeriSign, Inc. or one of its direct or indirect subsidiaries at that time. We recommend that you consult with your tax advisor regarding tax treatment of restricted stock units and stock options.
Annual Bonus: You are eligible to participate in the 2007 VeriSign Bonus Plan. Your targeted bonus percentage for the 2007 Bonus plan is 35% of your base salary. Eligibility for payment under this plan is governed by the terms and conditions of the VeriSign Bonus Plan Document.
Benefits: Your medical and insurance benefits will be commensurate with those of other employees. The full package of benefits is attached. New employees receive 18 days of paid time off per year. VeriSign also observes 11 paid holidays per year. Please Note: Your benefits information for 2007 will be mailed to your home shortly after your date of hire.
This offer is contingent upon your signing the Companys Confidentiality Agreements included with this offer and upon successful clearance of your background check. To the extent permitted by applicable law, such background checks may include, among other things, an investigation of your educational background, previous employment, previous addresses, department of motor vehicle records, a criminal records check, a credit check, a social security check, drug testing, finger printing, and an investigation to determine whether you have been statutorily disqualified, as such term is defined in Section 3(a)(39) of the Securities Exchange Act of 1934 (as amended). It is also contingent upon providing evidence of your legal right to work in the United States as required by the Immigration and Naturalization Service. This offer is for employment on an at will basis, which means that this relationship can be terminated at any time by either party.
1
![]() |
To accept this offer, please sign below and return the original offer letter plus the additional enclosed documents in the return envelope and keep a copy of the offer letter for your records. This offer will expire on Monday, May 7, 2007. Please contact Laurie Miller at (650)  ###-###-#### if you have any questions.
Our New Hire Orientation Meetings are conducted every Monday at 675 East Middlefield Road in Mountain View. The meeting time is approximately two hours and begins at 8:30A.M. Please check with your recruiter to see when your New Hire Orientation will be conducted. When you arrive, please let the VeriSign receptionist know that you are there for orientation.
Our goal is to continue to transform communication and commerce by driving simplicity, innovation, and confidence into all electronic interactions worldwide. We are confident we will achieve this goal thanks to our committed group of industry partners throughout the world and most importantly to our employees - our most valued and respected asset. We hope you will join our team and help to contribute to our goal!
Sincerely, | Accepted: | /s/ ANNE-MARIE LAW | Date: | 3 May 2007 | ||||||
(Signature) | ||||||||||
/s/ ROD MCCOWAN Rod McCowan | ||||||||||
Senior Vice President, Human Resources | Start Date: | 28 May 2007 |
2