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EXHIBIT 10.1
  
    Your Commitment
   Mindspeeds Financial Commitments
 1.
    
    Mindspeed will pay you a cash retention bonus of $50,000 on or about February 16, 2007
(contingent upon your being an employee on that date). In the event you terminate employment
voluntarily before January 31, 2009 you agree to promptly repay to Mindspeed a portion of the
retention bonus equal to the dollar amount resulting from multiplying $50,000 by x/ywhere x
equals the number of days then remaining until January 31, 2009 and yequals the number of
days in the period from the date of the bonus until January 31, 2009. In addition, should you
continue to be employed by Mindspeed on January 31, 2009, you will receive an additional bonus
equal to your then current annual base salary payable bi-weekly over the ensuing twelve months
in substantially equal installments per Mindspeeds normal pay practices.
 2.
    
    We will recommend to the Mindspeed Compensation Committee that it grant you a stock option
award under the Mindspeed Long Term Incentive Plan of 175,000 shares on or about February 2,
2007 (contingent upon your continuing to be an employee as of the grant date). These options
will vest on a time-based schedule starting in the second year following the grant date, with
eight equal vesting traunches over the ensuing eight quarters with the first traunch vesting
on or about April 30, 2008. Additionally, the option vesting schedule will include an
acceleration provision that stipulates that, if and when Mindspeeds stock price reaches or
exceeds $3.00 for a period of ten consecutive trading days, 100% of the options will
immediately vest in full on the first business day of the month following the last day of such
ten-day period; provided that, in the event you elect to leave Mindspeed on or prior to
January 31, 2009, you agree to promptly pay to Mindspeed the amount of any economic benefit
realized by you as a result of the exercise of any portion of those options that would not
have vested as a result of your termination of employment but for such acceleration.
 3.
    
    We will recommend to the Compensation Committee that it grant you a restricted stock award
under the Mindspeed Long Term Incentive Plan of 100,000 shares on or about February 2, 2007
(contingent on your




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continuing to be an employee of the Company on the grant date). These shares will vest on a
time-based schedule over two years, one-third a year from the grant date, and one-sixth per
quarter over the succeeding four quarters. Additionally, the share vesting schedule will
include an acceleration provision that stipulates that, if and when Mindspeeds stock price
reaches or exceeds $3.00 for period of ten consecutive trading days, 100% of the shares will
immediately vest in full on the first business day of the month following the last day of such
ten-day period; provided that, in the event you elect to leave Mindspeed on or prior to January
31, 2009, you agree to promptly pay to Mindspeed the amount of any economic benefit realized by
from any disposition of restricted shares that would not have vested as a result of your
termination of employment but for such acceleration.4.
    
    If you elect to leave Mindspeed after January 31, 2009, you will be entitled to receive
benefit continuation at no cost to you for a period of twelve months from your last day of
work at Mindspeed. This period of benefit continuation will also include continued vesting of
your stock options. Mindspeed shall have the authority to delay the payment of amounts
related to such benefit continuation for six months following your last day of work and take
such other actions to the extent it deems necessary to comply with Section 409A of the
Internal Revenue Code. In such event, any amounts which you would otherwise be entitled
during the six month period following your last day of work will be paid to you on the first
business day following the expiration of such six month period.
 Career Development Commitments
 1.
    
    Mindspeed agrees to move as quickly as reasonable to expand your scope of job
responsibilities to include an active role in strategy and business development.
 2.
    
    We agree to make known to each of Mindspeeds outside Directors your desire for public
company Board service and to encourage each of those Directors to consider recommending you as
a potential candidate for director vacancies of which they become aware at other companies
(particularly those seeking qualified candidates for their compensation committee or
nominating/governance committee).
 Sincerely,/s/ Raouf Y. Halim
    
    /s/ Dwight W. DeckerRaouf Halim
    
    Dwight W. DeckerChief Executive Officer
    
    Chairman of the BoardMindspeed Technologies, Inc.
    
    Mindspeed Technologies, Inc.
 Accepted:
    
    /s/ Bradley W. Yates
    
    January 31, 2007Bradley W. Yates
    
    Date