5488 Marvell Lane
Marvell Technology, Inc.
Marvell Semiconductor, Inc.
5488 Marvell Lane
Santa Clara, California 95054 United States of America
Daniel Durn
[email]
June 8, 2026
Dear Dan,
It is our pleasure to offer you the position of Executive Vice President and Chief Financial Officerwith Marvell Semiconductor, Inc. ("the Company"), a subsidiary of Marvell Technology, Inc. (“Marvell”), at a salary of $850,000.00USD per year, subject to Marvell’s Board of Directors approving your appointment on June 10, 2026.
Your manager will be Matt Murphy, Chairman & CEO. Your work location will be at our Santa Clara, California office.
You will be eligible to participate in the Company’s Annual Incentive Plan (AIP)with a target bonus of 120%of your current base salary. The amount of your actual AIP bonus payment will be determined by the Company at its sole discretion based on the company’s performance against defined financial metrics. However, if your start date is after the last day of the third fiscal quarter, you will not be eligible to participate in the AIP for that fiscal year. You will be eligible to participate in the AIP for the following fiscal year. You must be an active Company employee at the time of the bonus payout to be eligible for payment. It is clarified that the Company retains the right to modify, amend or terminate its plans and policies, including the AIP, from time to time, at its sole discretion. Any such modification or amendment will be communicated to you. It is also clarified that any payment of bonus or other compensation in one financial year, under any of the Company’s plans and/or
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