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Exhibit 10.7    
    

[IKANOS
COMMUNICATIONS LETTERHEAD] 

August 29,
2003 

Mr. Dan
Atler

Los Altos, CA 

Dear
Dan, 

        I
am pleased to offer you a position with Ikanos Communications, Inc. (The "Company") as Vice-President and Chief Financial Officer, reporting to me, and as soon as
practical but expected to be around October 1st. You will receive an annual salary of $175,000, which will be paid semi-monthly in accordance with the Company's normal payroll
procedures. In addition, you will be eligible for a quarterly bonus that is l5% of your annual salary. The first two quarters of the bonus will be guaranteed; the remaining will be based on
performance as defined in the bonus plan. As a Company employee and executive, you are also eligible to receive benefits generally offered to employees and executives including health benefits. You
should note that the Company might modify salaries and benefits from time to time, as it deems necessary. This offer will expire on September 3, 2003. 

        We
will recommend to the Board of Directors of the Company that, at the next Board meeting, you be granted an incentive stock option entitling you to purchase up to 2,448,000 (1.2% of
the total outstanding shares on a fully diluted basis), shares of Common Stock of the Company at the then current fair market value as determined by the Board at that meeting. As of the last Board
meeting the fair market value of one share of Common Stock was ($0.04) per share. Such options shall be subject to the terms and conditions of the Company's Stock Option Plan and Stock Option
Agreement, including vesting requirements, and will vest over four years with 25% vested one year after your start date and 1/48 per month thereafter. The options will be immediately
exercisable in full, subject to the
Company's right to repurchase shares pursuant to the terms of the option agreement and this agreement. The options shall expire at the maximum period allowed by the plan. 

        In
the event of a change of control (as defined in the Appendix to this letter) of the Company in which, during the 3 month period prior and 12 month period following the
change of control, your employment is either actually terminated, or constructively terminated (see Appendix), then all of your unvested shares from all option grants and restricted stock grants shall
vest immediately and you will receive 15 months of compensation and benefits, which compensation, at your election, will be paid in a lump sum or over a reasonable period of time as requested
by you. Such severance benefits will be available to you immediately. However, in the event that these benefits constitute "parachute payments" then (1) the Company will use reasonable good
faith efforts to obtain the requisite shareholder approval of the benefits to avoid these benefits from being subject to any excise tax or (2) such severance benefits will be paid in full, over
time or as a lesser amount, whichever of the foregoing methods, taking into account the applicable taxes, results on an after-tax basis, in a greater amount of benefits to you. 

        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. However, if the Company elects to
terminate its employment relationship with you for any reason other than for cause (see Appendix) or you terminate your relationship because of a constructive termination in the firsts twelve months
of your employment, 

you
and the Company agree that you will sign a standard form of settlement and release agreement, and that in consideration therefore the Company will provide you a settlement of three months base
salary and benefits, which salary, at your election, shall be paid in a lump sum or over a reasonable period of time as requested by you. At your request, the Company will use its reasonable best
efforts to structure any severance arrangements to allow your options to remain exercisable following termination for at least that number of months for which you will be paid severance. 

        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 State. Such
documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

        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. 

        As
a Company employee, you will be expected to abide by company rules and regulations. You will be specifically required to sign an acknowledgment that you have read and understand the
company rules of conduct, which will be included in a handbook, which the company will soon complete and distribute. You will be expected to sign and comply with an Employment, Confidential
Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and
non-disclosure of proprietary information 

        To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records.
This letter, along with the agreement relating to proprietary rights between you and the Company, sets forth the terms of your employment with the Company and supersede any prior representations or
agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you. 

        I
look forward to working with you at Ikanos Communications and making a massively successful company as part of the Ikanos team. 

	Sincerely,	 	 
	 	 	 
	 	 	 
	/s/  RAJESH VASHIST      
 Rajesh Vashist
 President and
CEO	 	 
	 	 	 
	ACCEPTED AND AGREED TO this

2 day of Sept 2003	 	 
	 	 	 
	 	 	 
	/s/  DAN ATLER      
 Dan Atler	 	 

Enclosures:

	1.
	Duplicate
Original Letter 
	2.
	Employment,
Confidential Information, Invention Assignment and Arbitration Agreement 
	3.
	Appendix

APPENDIX TO DAN ATLER OFFER LETTER  

Definitions: 

        (a)    Cause.    "Cause" shall mean: (i) your failure, in the reasonable judgment of the Board of Directors, to
substantially perform your assigned duties or responsibilities as Vice-President and Chief Financial Officer (other than a failure resulting from your disability (as defined in
Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) after written notice thereof from the Company describing in reasonable detail your failure to perform such duties or
responsibilities; (ii) your knowingly engaging in any act of dishonesty, fraud, or the misrepresentation of property belonging to the Company or its affiliates that was or is materially
injurious to the Company; (iii) your violation of any federal or state law or regulation applicable to the Company's business which violation was or is reasonably likely to be injurious to the
Company; (iv) your material breach of the terms of any confidentiality agreement or invention assignment agreement between you and the Company; or (v) ! your being convicted of, or
entering a plea of nolo contendere to, a felony or committing any act of moral turpitude, dishonesty or fraud. 

        (b)    Change of Control.    "Change of Control" shall mean the occurrence of any of the following events: 

          (i)  Any
"person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the "beneficial owner" (as defined in
Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company's then outstanding
voting securities, other than in a private financing where securities are acquired directly from the Company; 

         (ii)  A
change in the composition of the Board of Directors of the Company occurring within a two-year period, as a result of which fewer than a majority of the
directors are Incumbent Directors. "Incumbent Directors" shall mean directors who either (A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for
election, to the Board of Directors of the Company with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an
individual not otherwise an Incumbent Director whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or 

        (iii)  The
approval by shareholders of the Company of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being convened into voting securities of the
surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or
consolidation, or the approval by the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or
substantially all the Company's assets. 

        (c)    Constructive Termination.    "Constructive Termination" shall mean (i) without your express written
consent, a reduction of your Duties, Position or Responsibilities, or your removal from such Duties, Position and Responsibilities; (ii) without your express written consent, a substantial
reduction of the facilities and perquisites (including office space and location) available to you immediately prior to such reduction: (iii) a significant reduction by the Company in your base
salary as in effect immediately prior to such reduction; (iv) a significant reduction by the Company of the bonus available to you as was available immediately prior to such reduction;
(v) a material reduction by the Company in the kind or level of employee benefits to which you are entitled immediately prior to such reduction with the result that your overall benefits
package is significantly reduced; (vi) without your express written consent, a requirement that you relocate to a facility or a location more than 15 miles from 

your
then present facility or location; or (vii) the failure of the Company to obtain the assumption of the obligations of the Company under your offer letter by any successors entity." 

        (d)    Duties, Position and Responsibilities.    "Duties, Position and Responsibilities, shall mean all of the duties,
positions and responsibilities actually assigned to you during your employment plus all of the duties, positions and responsibilities that are typical for the Chief Financial Officer of a corporation. 

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Exhibit 10.8    
    

[IKANOS
COMMUNICATIONS LETTERHEAD] 

November 29,
2001 

Lionel
Bonnot

1473 Morton Ave.

Los Altos, CA 94024 

Dear
Lionel: 

        I
am pleased to offer you a position with Ikanos Communications (the "Company") as its Senior Director of Worldwide Sales commencing on December 3, 2001, reporting to the Vice
President of Worldwide Sales. However, until the company hires a VP of Worldwide Sales, you will report to me. In this position you will have responsibility for the management and leadership of all
sales efforts, design wins and revenue generation at Ikanos. In addition, as an active member of the senior team we will expect you to demonstrate significant responsibility in guiding and developing
the company for success. 

        Your
initial base salary will be $140,000 per year, which will be paid semi-monthly in accordance with the Company's normal payroll procedures. The company will offer you a
sign-on bonus of $6,700, payable on December 15. In addition, the company will pay you an annual bonus of $80,000 which will be payable on a quarterly basis. The first quarter's
bonus of $20,000 is guaranteed; the remaining 3 quarters are contingent on achieving certain goals and objectives. These objectives will be defined jointly between yourself and me shortly after you
start at Ikanos Communications. As a Company employee you are also eligible to receive medical insurance and other employee benefits generally available to employees of the Company. 

        We
will recommend to the Board of Directors of the Company that, at the next Board meeting, you be granted an incentive stock option entitling you to purchase 210,000 shares of Common
Stock of the
Company at the then current fair market value as determined by the Board at that meeting. Such options shall be subject to the terms and conditions of the Company's Stock Option Plan and Stock Option
Agreement, including vesting requirements. In the event of a change of control of the Company in which your responsibilities are significantly changed or diminished, one-fourth of your
options shall vest immediately. 

        You
should be aware, and acknowledge and agree, that your employment with the Company is for no specified period of time 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, for any reason, or for no reason. However, if the
Company elects to terminate its employment relationship with you for any reason other than for cause in the first year of your employment, you and the Company agree that you will sign a standard form
of settlement and release agreement, and that in consideration therefore the Company will provide you a settlement of 3 months' base salary ($35,000). 

        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 your date of hire, or our employment relationship with you may be terminated. 

        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. 

        As
a Company employee, you will be expected to abide by company rules and regulations. You will be specifically required to sign an acknowledgment that you have read and understand the
company rules of conduct, which will be included in a handbook that the company will soon complete and distribute. You will be expected to sign and comply with an Employment, Confidential Information,
Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and
non-disclosure of proprietary information 

        To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records.
This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or
agreements, whether written or oral. This letter may not he modified or amended except by a written agreement, signed by myself and by you. 

        I
very much look forward to working with you at Ikanos Communication and with your contribution building a highly successful company together. 

	 	 	 
	Sincerely,	 	 
	 	 	 
	 	 	 
	/s/  RAJESH VASHIST      
 Rajesh Vashist
 President and
CEO	 	 
	 	 	 
	ACCEPTED AND AGREED TO this 30 day of November, 2001	 	 
	 	 	 
	 	 	 
	/s/  LIONEL BONNOT      
 Lionel Bonnot	 	 

	 	 	 	 	 
	Enclosures:	 	1.	 	Duplicate Original Letter
	 	 	2.	 	Employment, Confidential Information, Invention Assignment and Arbitration Agreement

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Exhibit 10.8

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