EXHIBIT 10.11

 

Summary of Cash Bonus Arrangement

 

The following is a summary of the terms of the cash bonus arrangement between
Mindspeed Technologies, Inc. (the “Company”) and Gerald J. Hamilton, Senior Vice
President, Worldwide Sales.  Mr. Hamilton is eligible to receive a cash bonus
based on his level of achievement of the following goals:

 

·                  fiscal year revenue target (weighted at 40%);

·                  design win execution against fiscal year plan (weighted at
40%); and

·                  operating expense target (weighted at 20%).

 

The Compensation and Management Development Committee of the Company’s Board of
Directors (the “Compensation Committee”) approves the amount of the cash bonus
for Mr. Hamilton on a semi-annual basis.

 

If Mr. Hamilton achieves 100% of his overall goals in a given fiscal year, he is
eligible to receive a cash bonus in an amount equal to 55% of his base salary
for such fiscal year.  The Compensation Committee may award Mr. Hamilton a cash
bonus in excess of such amount in the event that he achieves greater than 100%
of his overall goals.

 

 

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