Mindspeed Technologies, Inc. Employment Agreements with Executive Officers

Summary

Mindspeed Technologies, Inc. has entered into employment agreements with several executives, including Simon Biddiscombe, David W. Carroll, Mojy C. Chian, Raouf Y. Halim, Thomas J. Medrek, Wayne K. Nesbit, Daryush Shamlou, Thomas A. Stites, and Bradley W. Yates. These agreements outline the terms of employment and severance, with Mr. Halim receiving a severance multiple of three and the others a multiple of two, as specified in Section 6(i)(B) of the agreement. The agreements are otherwise substantially identical to a previously filed form agreement.

EX-10.3 4 a11166exv10w3.htm EXHIBIT 10.3 exv10w3  

EXHIBIT 10.3
Mindspeed Technologies, Inc. (the “Company”) has entered into an agreement with each of the following persons, which is substantially identical, except as set forth below, to the Form of Employment Agreement filed as Exhibit 10.8.1 to the Company’s Registration Statement on Form 10 (File No. 1-31650):
Simon Biddiscombe
David W. Carroll
Mojy C. Chian
Raouf Y. Halim
Thomas J. Medrek
Wayne K. Nesbit
Daryush Shamlou
Thomas A. Stites
Bradley W. Yates
The multiple set forth in Section 6(i)(B) of the Employment Agreement for Mr. Halim is three and the multiple set forth in Section 6(i)(B) of the Employment Agreement for the other persons is two.