VeriSign (VRSN) 10-K2002 FY Annual report

Filed: 31 Mar 03, 12:00am

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EXHIBIT 10.21

Description of Severance Arrangement with William P. Fasig

VeriSign has agreed to the following severance agreement should Mr. Fasig be involuntarily terminated from VeriSign without cause:

For up to 1 month of employment—receive 12 months salary

After 1 month of employment—receive 11 months salary

After 2 months of employment—receive 10 months salary

After 3 months of employment—receive 9 months salary

After 4 months of employment—receive 8 months salary

After 5 months of employment—receive 7 months salary

After 6 months of employment—receive 6 months salary

No severance payment is made in the event Mr. Fasig resigns voluntarily

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