Employment Offer Letter



 Exhibit 10.22 

 
 



 
 MAXLINEAR, INC. 
 2051 Palomar Airport Road, Suite 100 
 Carlsbad, CA 92011 

April 22, 2011 
 Mike
Lachance
 Subject: Offer of Employment 
 Dear Mike: 
 I would like to offer you our heartfelt congratulations on your selection as a final
candidate for a position at MaxLinear, Inc. You have met the exacting meritocracy standards of personal and professional achievement to which we hold all our employees. We are truly excited to extend you an offer of employment at MaxLinear as
specified below. Your acceptance of our offer will represent an important milestone in our rapid growth as a fabless, communications IC company. 
 First and foremost, we immensely value your superior qualities of proven technical competence, and passion for excellence. Your personal attributes are congruent with our cherished EPIC
values – “Excellence, People, Integrity, and Compassion”. Together, with your able partnership, we aim to build a world class IC Company. 

Most importantly, we believe that MaxLinear represents what is best about Engineering. In our workplace, we foster an environment of
risk-taking & reward, along with a relentless focus on customer-driven products. By being true to this principle, we are determined to create a company with a business model and an organization that will set altogether new and lofty
standards in work culture. In addition, MaxLinear will constantly endeavor to uphold its commitment to making “Every working day a lot of fun for all of its employees”. We thank you for your interest in MaxLinear, Inc. and
look forward to unparalleled success together as partners in the same adventure. 
 Employment Offer 

I am very pleased to offer you a position with MaxLinear, Inc. (the “Company”), as a Senior Director of Operations reporting to Kimi
Imura. We are offering you an annual salary of $175,000, in addition to you being eligible for a target bonus of 25% of your base salary, and a recommendation to our Board of Directors to approve an equity grant of 30,000 RSU’s and 60,000 stock
options, subject to their approval. 
 If you decide to join us, you will receive semi-monthly payments of salary, in accordance with the
Company’s normal payroll procedures and you will also be eligible to receive certain employee benefits, such as paid time off, participation in our 401K plan, employer contribution towards health insurance premiums, etc. The details of these
employee benefits will be explained in greater detail in a subsequent correspondence. You should note that the Company may modify job titles, salaries, and benefits from time to time as it deems necessary. 









			
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 Performance Evaluation Period 

After the initial three (3) months of employment at MaxLinear, your performance against your job responsibilities will be evaluated by your direct
supervisors. After your job performance has been deemed to be satisfactory, there will be regular follow-up performance evaluations annually or as in accordance with the MaxLinear Employee Handbook. 

Equity Incentive 
 The
Company will recommend that its Board of Directors approve equity related compensation of a number of shares of the Company’s Common Stock, as specified in the compensation proposal above. This equity related compensation will be subject
to the terms and conditions of the 2010 Equity Incentive Plan and the form of an agreement approved by the Board. 
 Other Employment
Terms 
 The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you
should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its
employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice. 
 For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must
be provided to us within three (3) business days of the effective date of your employment, or our employment relationship with you may be terminated. If you anticipate you may have immigration issues, please advise us now so that we may start
to investigate those issues prior to your effective date. 
 We also ask that, if you have not already done so, you disclose to the Company any
agreements relating to your prior employment that may affect your eligibility to be employed by the Company or that may limit the manner in which you may be employed. It is our understanding that any such agreements will not prevent you from
performing the duties of your position, and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business
activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you
agree not to bring any third party confidential information to the Company, including that of any former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential Information, Invention Assignment
and Arbitration Agreement which requires, among other provisions, the assignment of patent and other intellectual property rights to any invention made during your employment at the Company, non-disclosure of the Company’s proprietary
information, and arbitration of disputes between you and the Company. Please note that we must receive this signed agreement on or before your effective date. 









			
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 To accept the Company’s employment proposal, please sign and date the Acceptance Form
attached to this letter; and, to maintain the confidentiality of compensation information, return a copy of ONLY the Acceptance Form page to me by fax at 760-444-8598. A duplicate original of this letter is enclosed for your
records. This letter, along with any agreements relating to proprietary rights between you and the Company, sets forth the terms of your employment with the Company and supersedes any prior representations or agreements including, but not limited
to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter may not be modified or amended except by a written agreement signed by the President of the Company and you.

 This offer of employment will terminate if it is not accepted, signed and returned by April 28, 2011. We look forward to your
favorable reply and to working with you at MaxLinear, Inc. 
  

	
	Sincerely,
	FOR MAXLINEAR, INC.
	
	Daisy Castro
	Human Resources Business Partner











			
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 OFFER ACCEPTANCE FORM 

The terms of the letter dated March 2, 2012 are agreed to and accepted: 

 

							
	Printed Name:	  	  

		
	Signature:	  	  

		
	Date:	  	  

		
	Anticipated Start Date:	  	  


 Enclosures: 

	 	1.	MaxLinear Mission Statement