POLYCOM INC
EXHIBIT 10.19
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<h1 style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exhibit 10.19</font></b></h1>

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<h2 style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED SUMMARY AND RESCISSION OF ARRANGEMENT BETWEEN
THE COMPANY <br>
AND ROBERT C. HAGERTY</font></b></h2>

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<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In fiscal 2001, the Compensation Committee of the
Board of Directors of Polycom, Inc. (the &#147;Company&#148;) approved a loan of
$2,000,000 to Robert&nbsp;C. Hagerty, the Chief Executive Officer of the
Company, and a retention bonus agreement with Mr.&nbsp;Hagerty.&#160; This compensation arrangement was
subsequently ratified by a unanimous vote of the Company&#146;s Board of Directors,
except for Mr.&nbsp;Hagerty, who abstained from voting.&#160; This arrangement was rescinded by the Board
in August 2002, without ever having gone into effect.</font></p>

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