Document:

Exhibit 10.4.1

IKANOS COMMUNICATIONS, INC.

AMENDED AND RESTATED

2004 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT FOR EMPLOYEES IN FRANCE

Unless otherwise defined herein, the terms defined in
the amended and restated 2004 Equity Incentive Plan (the “US Plan”) and the Rules of
the Ikanos Communications, Inc. Amended and Restated 2004 Equity Incentive
Plan for the Grant of Stock Options to Employees in France (the “French Plan”and,
in conjunction with the US Plan, the “Plan”) will have the same defined meanings
in this Stock Option Agreement for Employees in France (the “Agreement”).

I.                    AGREEMENT

A.   Grant of Option.

The Administrator hereby grants to individual named in
the Notice of Grant attached as Part I of this Agreement (the “Participant”)
an option (the “Option”) to purchase the number of Shares, as set forth in the
Notice of Grant, at the exercise price per share set forth in the Notice of Grant
(the “Exercise Price”), determined in accordance with the conditions set forth
under Section 4 of the French Plan, subject to the terms and conditions of
the Plan, which is incorporated herein by reference. Subject to Section 20(c) of
the US Plan, in the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Agreement, the terms and conditions
of the Plan will prevail.

B.   Exercise of Option.

1.   Right to Exercise.   This Option
is exercisable during its term in accordance with the Vesting Schedule set out
in the Notice of Grant and the applicable provisions of the Plan and this
Agreement. However, no vesting shall occur prior to the first anniversary of
the Effective Grant Date. Also, in the event of death of a Participant, the
option shall become immediately fully vested and the heirs of the Participant
shall have six months after the Participant’s death to exercise the Option
regardless of the option termination date.

2.   Method of Exercise.   This Option
is exercisable by delivery of an exercise notice, in the form attached as Exhibit A
(the “Exercise Notice”) or in such other form and manner as determined by the
Administrator, which will state the election to exercise the Option, the number
of Shares in respect of which the Option is being exercised (the “Exercised
Shares”), and such other representations and agreements as may be required by
the Company pursuant to the provisions of the Plan. The Exercise Notice will be
completed by Participant and delivered to the Company. The Exercise Notice will
be accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares together with any applicable withholding taxes. This Option will be deemed
to be exercised upon receipt by the Company of such fully executed Exercise
Notice accompanied by such aggregate Exercise Price.

No Shares will be issued pursuant to the exercise of
this Option unless such issuance and exercise comply with Applicable Laws.

 

C.   Method of Payment.

Payment of the aggregate Exercise Price will be by any
of the following, or a combination thereof, at the election of Participant:

1.      cash;

2.      check; or

3.      consideration
received by the Company under a formal cashless exercise program adopted by the
Company in connection with the Plan.

D.   Restriction on Transfer of Shares.

Notwithstanding any provision in the US Plan to the
contrary, the Participant may not sell or transfer any Shares acquired under
this Option until the fourth anniversary of the Effective Grant Date, or if
shorter, the time period specified under Sections L.225-177 to L.225-186
of the French Commercial Code to qualify for favorable French tax and social
security treatment. If Participant sells any Shares acquired under this Option
before the fourth anniversary of the Effective Grant Date, the Option may lose
the favorable tax and social security treatment in France applicable to options
granted under Sections L.225-177 to L.225-186 of the French
Commercial Code, as amended, to eligible employees in France who are French tax
resident and/or subject to the French social security contribution regime.

This restriction does not apply in the event of
Participant’s death, Disability, forced retirement or dismissal as defined by Section 91-ter
of Exhibit II to the French Tax Code and as set forth in the French Tax
Circulars and subject to the fulfillment of selected conditions for French qualified
options. The Company may require Participant to hold Shares acquired pursuant
to exercise of the Option with a stockbroker designated by the Company and/or
the Company may place a restrictive legend on the shares indicating that the
conditions in this paragraph must be satisfied prior to the transfer of Shares.

In specific situations defined under the French Plan,
the Administrator may at its sole discretion decide that such restriction on
the sale of the Shares will no longer apply.

E.   Non-Transferability of Option.

This Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be
exercised during the lifetime of Participant only by Participant.

F.   Term of Option.

This Option may be exercised only within the term set
out in the Notice of Grant, except in the event of death, and may be exercised
during such term only in accordance with the Plan and the terms of this
Agreement.

G.   Withholding Taxes.   Regardless of
any action Company or Participant’s employer (the “Employer”) takes with
respect to any or all income tax, social insurance, payroll tax, payment on account
or other tax-related withholding (“Tax-Related Items”), Participant
acknowledges that the 

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ultimate liability for all Tax-Related Items legally
due by him or her is and remains Participant’s responsibility and that Company
and/or the Employer (1) make no representations or undertakings regarding
the treatment of any Tax-Related Items in connection with any aspect of the
Option grant, including the grant, vesting or exercise of the Option, the
subsequent sale of Shares acquired pursuant to such exercise and the receipt of
any dividends; and (2) do not commit to structure the terms of the grant
or any aspect of the Option to reduce or eliminate Participant’s liability for
Tax- Related Items.

Prior to exercise of the Option, Participant will pay
or make adequate arrangements satisfactory to Company and/or the Employer to
satisfy all withholding and payment on account obligations of Company and/or
the Employer. In this regard, Participant authorizes Company and/or the
Employer to withhold all applicable Tax-Related Items legally payable by
Participant from his or her wages or other cash compensation paid to
Participant by Company and/or the Employer or from proceeds of the sale of
Shares. Alternatively, or in addition, if permissible under local law, Company
may (1) sell or arrange for the sale of Shares that Participant acquires
to meet the withholding obligation for Tax-Related Items, and/or (2) withhold
in Shares, provided that Company only withholds the amount of Shares necessary
to satisfy the minimum withholding amount. Finally, Participant will pay to
Company or the Employer any amount of Tax-Related Items that Company or the
Employer may be required to withhold as a result of Participant’s participation
in the Plan or Participant’s purchase of Shares that cannot be satisfied by the
means previously described. Company may refuse to honor the exercise and refuse
to deliver the Shares if Participant fails to comply with his or her
obligations in connection with the Tax-Related Items as described in this section.

H.   Entire Agreement; Governing Law.

The Plan is incorporated herein by reference. The Plan
and this Agreement constitute the entire agreement of the parties with respect
to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Participant with respect to the subject
matter hereof, and may not be modified adversely to Participant’s interest
except by means of a writing signed by the Company and Participant. This
Agreement is governed by the internal substantive laws, but not the choice of
law rules, of California.

I.   NO GUARANTEE OF CONTINUED SERVICE.

PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING
OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING
AS A SERVICE PROVIDER AT THE WILL OF THE EMPLOYER (AND NOT THROUGH THE ACT OF
BEING HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER).
PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL
NOT INTERFERE WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE EMPLOYER TO
TERMINATE PARTICIPANT’S RELATIONSHIP A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT
CAUSE IN ACCORDANCE WITH APPLICABLE LAW.

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J.   Nature of Grant.   In accepting
the grant, Participant acknowledges that:

1.      the Plan
is established voluntarily by Company, it is discretionary in nature and it may
be modified, amended, suspended or terminated by Company at any time, unless otherwise
provided in the Plan and this Agreement;

2.      the grant
of the Option is voluntary and occasional and does not create any contractual
or other right to receive future grants of options, or benefits in lieu of options,
even if options have been granted repeatedly in the past;

3.      all
decisions with respect to future option grants, if any, will be at the sole discretion
of Company;

4.      the
Participant’s participation in the Plan will not create a right to further employment
with the Employer and shall not interfere with the ability of the Employer to
terminate Participant’s employment relationship at any time with or without
cause;

5.      the
Participant is voluntarily participating in the Plan;

6.      the
Option is an extraordinary item that does not constitute compensation of any
kind for services of any kind rendered to Company or the Employer, and which is
outside the scope of Participant’s employment contract, if any;

7.      the
Option is not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating any severance, resignation,
termination, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments and in no event should be
considered as compensation for, or relating in any way to, past services for
Company or the Employer;

8.      in the
event that Participant is not an employee of Company, the Option grant will not
be interpreted to form an employment contract or relationship with Company; and
furthermore, the Option grant will not be interpreted to form an employment
contract with the Employer or any Subsidiary or affiliate of Company;

9.      the
future value of the underlying Shares is unknown and cannot be predicted with
certainty;

10.    if the
underlying Shares do not increase in value, the Option will have no value;

11.    if
Participant exercises his or her Option and obtain Shares, the value of those Shares
acquired upon exercise may increase or decrease in value, even below the
exercise price;

12.    in
consideration of the grant of the Option, no claim or entitlement to compensation
or damages shall arise from termination of the Option or diminution in value of
the Option or Shares purchased through exercise of the Option resulting from
termination of Participant’s employment by Company or the Employer (for any
reason whatsoever) and Participant irrevocably releases Company and the
Employer from any such claim that may arise; if, notwithstanding the foregoing,
any such claim is found by a court of competent jurisdiction to have

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arisen, then, by signing this Agreement, Participant
will be deemed irrevocably to have waived his or her entitlement to pursue such
claim; and

13.    in the
event of termination of Participant’s employment, Participant’s right to receive
the Option and vest in the Option under the Plan, if any, will terminate
effective as of the date that Participant is no longer actively employed;
furthermore, in the event of termination of employment, Participant’s right to exercise
the Option after termination of employment, if any, will be measured by the
date of termination of Participant’s active employment and will not be extended
by any notice period mandated under local law; the Administrator shall have the
exclusive discretion to determine when Participant is no longer actively
employed for purposes of his or her Option grant.

K.   Data Privacy.   Participant hereby explicitly and
unambiguously consents to the collection, use and transfer, in electronic or
other form, of his or her personal data as described in this document by and
among, as applicable, the Employer, and Company and its subsidiaries and affiliates
for the exclusive purpose of implementing, administering and managing
Participant’s participation in the Plan.

Participant understands that Company and the Employer
may hold certain personal information about Participant, including, but not
limited to, Participant’s name, home address and telephone number, date of
birth, social insurance number or other identification number, salary,
nationality, job title, any shares of stock or directorships held in Company,
details of all options or any other entitlement to shares of stock awarded,
canceled, exercised, vested, unvested or outstanding in Participant’s favor,
for the purpose of implementing, administering and managing the Plan (“Data”).
Participant understands that Data may be transferred to any third parties
assisting in the implementation, administration and management of the Plan,
that these recipients may be located in Participant’s country or elsewhere, and
that the recipients’country (e.g., the United States) may have different data
privacy laws and protections than Participant’s country. Participant
understands that he or she may request a list with the names and addresses of
any potential recipients of the Data by contacting Participant’s local human
resources representative. Participant authorizes the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for
the sole purpose of implementing, administering and managing Participant’s
participation in the Plan, including any requisite transfer of such Data as may
be required to a broker or other third party with whom Participant may elect to
deposit any shares of stock acquired upon exercise of the Option. Participant
understands that Data will be held only as long as is necessary to implement,
administer and manage Participant’s participation in the Plan. Participant
understands that he or she may, at any time, view Data, request additional
information about the storage and processing of Data, require any necessary amendments
to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing Participant’s local human resources representative.
Participant understands, however, that refusing or withdrawing his or her
consent may affect Participant’s ability to participate in the Plan. For more
information on the consequences of Participant’s refusal to consent or
withdrawal of consent, Participant understands that he or she may contact his
or her local human resources representative.

L.   Electronic Delivery.   Company may,
in its sole discretion, decide to deliver any documents related to the Option
granted under and participation in the Plan or future options that may be
granted under the Plan by electronic means or to request Participant’s consent
to participate in the Plan by electronic means. Participant hereby consents to
receive such documents by 

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electronic delivery and, if requested, to agree to
participate in the Plan through an on-line or electronic system established and
maintained by Company or another third party designated by Company.

M.   Language.   If
Participant has received this Agreement or any other document related to the
Plan translated into a language other than English and if the translated
version is different than the English version, the English version will
control.

N.   Severability.   The
provisions of this Agreement are severable and if any one or more provisions
are determined to be illegal or otherwise unenforceable, in whole or in part,
the remaining provisions shall nevertheless be binding and enforceable.

[Remainder of Page Intentionally Left Blank]

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By Participant’s signature and the signature of the
Company’s representative below, Participant and the Company agree that this
Option is granted under and governed by the terms and conditions of the Plan
and this Agreement. Participant has reviewed the Plan and this Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Agreement and fully understands all provisions of the Plan and
Agreement. Participant hereby agrees to accept as binding, conclusive and final
all decisions or interpretations of the Administrator upon any questions
relating to the Plan and Agreement. Participant further agrees to notify the Company
upon any change in the residence address indicated below.

	
  PARTICIPANT:

  	
   

  	
  IKANOS COMMUNICATIONS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  By

  
	
   

  	
   

  	
   

  
	
  Print Name

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
  Residence
  Address

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

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EXHIBIT A

IKANOS
COMMUNICATIONS, INC.

AMENDED AND
RESTATED

2004 EQUITY
INCENTIVE PLAN

EXERCISE NOTICE

Ikanos Communications, Inc.

[ADDRESS]

Attention:

1.   Exercise of Option.   Effective as
of today,
                                ,
          , the undersigned (“Participant”)
hereby elects to purchase
                            
shares (the “Shares”) of the Common Stock of Ikanos Communications, Inc.
(the “Company”) under and pursuant to the amended and restated 2004 Equity
Incentive Plan (the “US Plan”), the Rules of the Ikanos Communications, Inc.
Amended and Restated 2004 Equity Incentive Plan for the Grant of Stock Options
to Employees in France (the “French Plan”and, in conjunction with the US Plan,
the “Plan”) and the Agreement dated                 
(the “Agreement”). The purchase price for the Shares will be
$                          ,
as required by the Agreement.

2.   Delivery of Payment.   Participant
herewith delivers to the Company the full purchase price for the Shares and any
required withholding taxes to be paid in connection with the exercise of the
Option.

3.   Representations of Participant.   Participant
acknowledges that Participant has received, read and understood the Plan and
the Agreement and agrees to abide by and be bound by their terms and conditions.

4.   Rights as Stockholder.   Until the
issuance (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company) of the Shares, no right to
vote or receive dividends or any other rights as a stockholder will exist with
respect to the Optioned Stock, notwithstanding the exercise of the Option. The
Shares so acquired will be issued to Participant as soon as practicable after
exercise of the Option. No adjustment will be made for a dividend or other
right for which the record date is prior to the date of issuance, except as
provided in Section 15 of the US Plan.

5.   Tax Consultation.   Participant
understands that Participant may suffer adverse tax consequences as a result of
Participant’s purchase or disposition of the Shares. Participant represents that
Participant has consulted with any tax consultants Participant deems advisable
in connection with the purchase or disposition of the Shares and that
Participant is not relying on the Company for any tax advice.

 

6.   Entire Agreement; Governing Law.   The Plan,
French Plan and Agreement are incorporated herein by reference. This Agreement,
the Plan and the Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Participant with respect to the
subject matter hereof, and may not be modified adversely to the Participant’s
interest except by means of a writing signed by the Company and Participant.
This agreement is governed by the internal substantive laws, but not the choice
of law rules, of California.

	
  Submitted by:

  	
   

  	
  Accepted by:

  
	
   

  	
   

  	
   

  
	
  PURCHASER:

  	
   

  	
  IKANOS COMMUNICATIONS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  By

  
	
   

  	
   

  	
   

  
	
  Print Name

  	
   

  	
  Its

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date Received

  

 

 2Exhibit 10.5

Ikanos
Communications, Inc.

Amended and Restated 2004 Stock Incentive Plan

Rules For Employees in India

(As adopted by the Board of Directors July 5, 2006)

1.   Introduction.   The Board of Directors (the “Board”)
of Ikanos Communications, Inc. (the “Company”) has established the Amended
and Restated 2004 Stock Incentive Plan (the “U.S. Plan”) to attract and retain
the best available personnel for positions of substantial responsibility, to
provide additional incentive to Employees, Directors and Consultants and to promote
the success of the Company’s business. The U.S. Plan seeks to achieve this
purpose by providing for the grant of discretionary long-term incentive awards,
including stock options (“Options”) and restricted stock units (“RSUs”). Pursuant
to the U.S. Plan, the Committee (the “Committee”) appointed by the Company’s
Board of Directors, or the Board itself, administers the U.S. Plan (the “Administrator”)
and establishes this sub-plan to the U.S. Plan for employees in India (the “India
Plan”) which will apply to all grants of Options and RSUs made to employees in
India. The India Plan consists of the terms set forth below and supplemented by
the terms in the U.S. Plan. Capitalized terms not defined herein shall have the
same meaning as defined in the U.S. Plan.

2.   Available
Shares.   The
total number of Shares that may be issued under the India Plan shall not exceed
the number of Shares authorized under the U.S. Plan. The number of Shares currently
authorized under the U.S. Plan is 1,272,250 Shares. These Shares are not
specifically reserved for Employees in India and may be allocated to Employees
in other countries, if the Company decides to do so in keeping with the terms
of the U.S. Plan.

3.   Eligibility.   Options and RSUs may be granted to Employees,
irrespective of the country in which services are performed.

4.   Purchase
Price.

(a)   Options:   Options
granted to Participants will be free of charge and will provide that Participants
may purchase Shares upon exercise of Options, subject to vesting requirements, at
a certain price (the “Exercise Price”) established by the Administrator. The
Exercise Price shall be no less than 100% of the Fair Market Value of the
underlying Shares on the day that the grant is made. The Exercise Price will be
set forth in the Award Agreement or other grant documentation. The Fair Market
Value shall be determined in accordance with the U.S. Plan.

(b)   RSUs:   RSUs will be
granted to Participants without requiring cash consideration.

5.   Shares
or Other Payment to be Issued to Employees.

(a)   Options:   Employees
granted Options under the India Plan may exercise Options over Shares, provided
the vesting requirements are met.

 

(b)   RSUs:   Vested RSUs
may be settled in the form of cash, Shares or any combination of both, as
determined by the Administrator. If RSUs are subject to vesting, Shares (or
other form of payment) will not be issued to Participants until the vesting
date. This means that Participants holding RSUs payable in Shares will have no
voting or dividend rights prior to the vesting date.

6.   Shareholder
Approval.   Shareholder
approval of the U.S. Plan was received on August 26, 2005.

7.   Vesting
Period.   Unless
otherwise provided in the applicable Award Agreement, Options and RSUs granted
under the India Plan will be subject to vesting requirements. Once the Options
are vested, Shares may be purchased through exercise of the Options. If the
vesting requirements are not met, Options and RSUs will be forfeited unless
provided otherwise in the Award Agreement.

If Shares are issued, all sales of Shares must take
place in compliance with U.S. securities laws, which may impose certain periods
during which certain persons (e.g.,
officers, directors, etc. of the Company) may not sell Shares. Such
restrictions are not unique to Shares issued under the India Plan; they are
imposed under U.S. securities laws on all Shares.

8.   Market
Price of Shares.   Shares
are currently listed on the NASDAQ National Market in the U.S. For the purposes
of setting the Exercise Price of Options, the Fair Market Value will be
determined in accordance with the U.S. Plan.

9.   Transferability.   Except as otherwise provided in the
applicable Award Agreement, and then only to the extent permitted by Applicable
Law, Options and RSUs granted under the India Plan will not be transferable
other than by will or by local laws governing descent and distribution. No
Option, RSUs or any interest therein may be assigned, pledged or hypothecated
by a Participant during his or her lifetime, whether by operation of law or otherwise,
or be made subject to execution, attachment or similar process. In addition, an
Option may be exercised during the lifetime of the Participant only by the
Participant or by the guardian or legal representative of the Participant. If
Shares are acquired at exercise of an Option or upon vesting of RSUs, they will
not be subject to any transferability restrictions, other than those noted in Section 7
(U.S. securities law compliance) above.

10.   Interpretation.   It is intended that Options and RSUs
granted under the India Plan shall qualify for the favorable tax treatment
under the Guidelines set forth by the Government of India. The terms of the
India Plan shall be interpreted accordingly and in accordance with the relevant
provisions set forth by the Government of India.

11.   Amendments.   No amendments will be made to the
India Plan after it comes into effect.

12.   Termination.   The Administrator may at any time
terminate the India Plan.

13.   Adoption.   The India
Plan shall be effective as of July 5, 2006.

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