Mindspeed Technologies, Inc. Employment Agreements with Named Executives
Mindspeed Technologies, Inc. has entered into employment agreements with several executives, including Najabat H. Bajwa, Simon Biddiscombe, Kurt F. Busch, and others. These agreements outline the terms of employment and are substantially identical to a previously filed form, except for specific provisions regarding severance multiples. For Mr. Halim, the severance multiple is three, while for the other executives it is two. The agreements set forth the rights and obligations of both the company and the executives regarding employment and termination.
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EXHIBIT 10.12
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):
| Najabat H. Bajwa |
Simon Biddiscombe |
Kurt F. Busch |
Ron Cates |
Raouf Y. Halim |
Gerald J. Hamilton |
Thomas J. Medrek |
Wayne K. Nesbit |
Thomas A. Stites |
Preetinder S. Virk |
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.
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- EXHIBIT 10.12
