Document:

Exhibit 10.5.1

IKANOS COMMUNICATIONS, INC.

AMENDED AND RESTATED

2004 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT FOR EMPLOYEES IN INDIA

NOTICE OF GRANT OF RESTRICTED STOCK UNITS

The terms defined in the amended and restated 2004
Equity Incentive Plan (the “US Plan”) and the Rules for Employees in India
(the “India Plan”and, in conjunction with the US Plan, the “Plan”) will have
the same defined meanings in this Notice of Grant. Where no definition exists
in the Plan, new definitions will be noted in this document.

	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  

 

You have been granted the right to receive Restricted
Stock Units, subject to the terms and conditions of the Plan and this
Restricted Stock Unit Agreement as follows:

	
  Grant Number

  	
   

  	
   

  
	
  Date of Grant

  	
   

  	
   

  
	
  Vesting Commencement Date

  	
   

  	
   

  
	
  Total Number of Restricted Stock Units

  	
   

  	
   

  

 

Vesting Schedule:

[Fifty percent (50%) of the Restricted Stock Units
will vest and be issued to Participant on each of the first two anniversaries
of the Vesting Commencement Date, provided that the Participant continues to be
a Service Provider through such dates. In the event Participant ceases to be a
Service Provider for any or no reason (including death or Disability) before
Participant vests in the right to acquire the Shares to be issued pursuant to
the Restricted Stock Unit, the Restricted Stock Unit and the Participant’s
right to acquire any Shares hereunder will immediately terminate.]

By your signature and the signature of the Company’s
representative below, you and the Company agree that this Award is granted
under and governed by the terms and conditions of the Plan and the Terms and
Conditions of International Restricted Stock Units (the “Agreement”), attached
hereto as Appendix A, both of which are made a part of this document.

You acknowledge receipt of a copy of the 2004 Equity
Incentive Plan prospectus. The Agreement and prospectus are available on the
Company’s website at http://iweb/Finance/Forms/2004StockPlan.pdf or by request
from the Company’s Stock Administration Department. You hereby agree that these
documents are deemed to be delivered to you.

	
  PARTICIPANT:

  	
   

  	
  IKANOS COMMUNICATIONS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  By

  
	
   

  	
   

  	
   

  
	
  Print Name

  	
   

  	
  Title

  

 

 

APPENDIX
A

TERMS AND CONDITIONS OF INTERNATIONAL RESTRICTED STOCK
UNITS

1.   Grant.   The Company
hereby grants to the Participant under the Plan (which includes the terms of
the US Plan and the India Plan) an Award of Restricted Stock Units, subject to
all of the terms and conditions in this Agreement and the Plan.

2.   India Plan.   Pursuant to
the terms of the India Plan, it is intended that Restricted Stock Units granted
under the Plan shall qualify for favorable tax treatment under the Guidelines set
forth by the Government of India (the “Guidelines”) and this Agreement and the
Plan shall be construed accordingly. Notwithstanding the foregoing, certain
events may affect the status of the India Plan and it may be disqualified in
the future. Neither the Company nor Employer makes any undertakings nor
representations to maintain the qualified status of the India Plan, and Participant
will not be entitled to any damages if the India Plan, and thus the Restricted
Stock Units, no longer qualify for favorable tax treatment under the
Guidelines.

3.   Company’s Obligation to Pay.   Each
Restricted Stock Unit represents the right to receive a Share on the date it
becomes vested. Unless and until the Restricted Stock Units will have vested in
the manner set forth in Section 4, the Participant will have no right to
payment of any such Restricted Stock Units. Prior to actual payment of any
vested Restricted Stock Units, such Restricted Stock Unit will represent an
unsecured obligation of the Company, payable (if at all) only from the general
assets of the Company.

4.   Vesting Schedule.   Subject to Section 5,
the Restricted Stock Units awarded by this Agreement will vest in the
Participant according to the vesting schedule set forth on the attached Notice
of Grant of Restricted Stock Units, subject to the Participant continuing to be
a Service Provider through each applicable vesting date.

5.   Forfeiture upon Termination as Service Provider.   Notwithstanding
any contrary provision of this Agreement, if the Participant ceases to be a
Service Provider for any or no reason, the then-unvested Restricted Stock Units
awarded by this Agreement will thereupon be forfeited at no cost to the Company
and the Participant will have no further rights thereunder.

6.   Payment after Vesting.   Any
Restricted Stock Units that vest in accordance with Section 4 will be paid
to the Participant (or in the event of the Participant’s death, to his or her estate)
in whole Shares, subject to Section 7.

7.   Withholding of Taxes.   Notwithstanding
any contrary provision of this Agreement, no certificate representing the
Shares will be issued to the Participant, unless and until satisfactory
arrangements (as determined by the Administrator) will have been made by the Participant
with respect to the payment of income (including federal, state, foreign and
local taxes), employment, social insurance, payroll tax, payment on account and
other taxes which the Company determines must be withheld with respect to such
Shares so issuable (the “Withholding Taxes”). Participant acknowledges that the
ultimate liability for all Withholding Taxes legally due by Participant is and
remains Participant’s responsibility and that the Company and/or the Participant’s
actual employer (the “Employer”) (i) make no representations or
undertakings regarding the treatment of any Withholding Taxes in connection
with any aspect of the Restricted Stock Units, including the grant of the
Restricted Stock Units, the vesting of

 

Restricted Stock Units, the settlement of the
Restricted Stock Units in Shares or the receipt of an equivalent cash payment,
the subsequent sale of any Shares acquired at vesting and the receipt of any
dividends; and (ii) do not commit to structure the terms of the grant or
any aspect of the Restricted Stock Units to reduce or eliminate the Participant’s
liability for Withholding Taxes.

To satisfy the Withholding Taxes, the Company may
withhold otherwise deliverable Shares upon vesting of Restricted Stock Units,
according to the vesting schedule, having a Fair Market Value equal to the
minimum amount required to be withheld for the payment of the Withholding Taxes
pursuant to such procedures as the Administrator may specify from time to time.
The Company will not retain fractional Shares to satisfy any portion of the
Withholding Taxes. If the Administrator determines that the withholding of
whole Shares results in an overwithholding to meet the minimum tax withholding
requirements, a reimbursement will be made to the Participant as soon as
administratively possible.

If the Company does not withhold in Shares as
described above, prior to the issuance of Shares upon vesting of Restricted
Stock Units or the receipt of an equivalent cash payment, Participant shall
pay, or make adequate arrangements satisfactory to the Company or to the Employer
(in their sole discretion) to satisfy all withholding and payment on account
obligations of the Company and/or the Employer. In this regard, Participant
authorizes the Company or the Employer to withhold all applicable Withholding
Taxes legally payable by Participant from Participant’s wages or other cash
compensation payable to Participant by the Company or the Employer or from any
equivalent cash payment received upon vesting of the Restricted Stock Units.
Alternatively, or in addition, if permissible under local law, the Participant
may instruct and authorizes the Administrator to pay Withholding Taxes, in
whole or in part, by one of the additional following alternatives:

(a)    Participant
providing irrevocable instructions to a Company-designated broker to deliver
cash to the Company (or the Employer) from the Participant’s previously established
account with such broker equal to the Withholding Taxes; or

(b)    Participant
providing irrevocable instructions to a Company-designated broker to sell a
sufficient number of Shares otherwise deliverable to Participant having a Fair Market
Value equal to the Withholding Taxes, provided that such sale does not violate
Company policy or Applicable Laws.

If the Participant fails to make satisfactory
arrangements for the payment of the Withholding Taxes hereunder at the time any
applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Section 4,
the Participant will permanently forfeit such Restricted Stock Units and any
Shares otherwise deliverable with respect thereto, and the Restricted Stock Units
will be returned to the Company at no cost to the Company.

8.   Rights as Stockholder.   Neither the
Participant nor any person claiming under or through the Participant will have
any of the rights or privileges of a stockholder of the Company in respect of
any Shares deliverable hereunder unless and until certificates representing
such Shares will have been issued, recorded on the records of the Company or
its transfer agents or registrars, and delivered to the Participant.

9.   No Effect on Service.   Participant
acknowledges and agrees that the vesting of the Restricted Stock Units pursuant
to Section 4 hereof is earned only by Participant continuing to be

 

a Service Provider through the applicable vesting
dates (and not through the act of being hired or acquiring 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 Participant’s continuation
as a Service Provider for the vesting period, for any period, or at all, and
will not interfere with the Participant’s right or the right of the Employer to
terminate Participant’s status as a Service Provider at any time, with or
without cause in accordance with applicable law.

10.   Acknowledgment of Nature of Plan and Restricted Stock
Units.   In
accepting the Award, Participant acknowledges that:

(a)    the Plan
is established voluntarily by the Company, it is discretionary in nature and
may be modified, amended, suspended or terminated by the Company at any time,
as provided in the Plan;

(b)    the Award
of Restricted Stock Units is voluntary and occasional and does not create any
contractual or other right to receive future awards of Restricted Stock Units,
or benefits in lieu of Restricted Stock Units even if Restricted Stock Units
have been awarded repeatedly in the past;

(c)    all
decisions with respect to future awards, if any, will be at the sole discretion
of the Company;

(d)    Participant’s
participation in the Plan is voluntary;

(e)    Restricted
Stock Units are an extraordinary item that does not constitute compensation of
any kind for services of any kind rendered to the Company or to the Employer, and
Restricted Stock Units are outside the scope of Participant’s employment
contract, if any;

(f)     Restricted
Stock Units are not part of normal or expected compensation or salary for any
purposes, including, but not limited to, calculation of any severance,
resignation, termination, redundancy, end of service payments, bonuses,
long-service awards, pension or retirement benefits or similar payments;

(g)    neither
the Award of Restricted Stock Units nor any provision of this Agreement, the
Plan or the policies adopted pursuant to the Plan confer upon Participant any
right with respect to employment or continuation of current employment, and in
the event that Participant is not an employee of the Company or any Subsidiary
of the Company, Restricted Stock Units shall not be interpreted to form an
employment contract or relationship with the Company or any Subsidiary of the
Company;

(h)    the future
value of the underlying Shares is unknown and cannot be predicted with
certainty;

(i)     if
Participant receives Shares, the value of such Shares acquired on vesting of Restricted
Stock Units may increase or decrease in value;

(j)     no claim
or entitlement to compensation or damages arises from termination of Restricted
Stock Units, and no claim or entitlement to compensation or damages shall arise
from any diminution in value of the Restricted Stock Units or Shares received
upon vesting of

 

Restricted Stock Units resulting from termination of
the Participant’s employment by the Company or the Employer (for any reason
whatsoever and whether or not in breach of local labor laws) and Participant
irrevocably releases the 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 arisen, then, by signing this Agreement,
Participant shall be deemed irrevocably to have waived his or her entitlement
to pursue such claim; and

(k)    in the
event of involuntary termination of Participant’s employment (whether or not in
breach of local labor laws), Participant’s right to receive Restricted Stock
Units and vest under the Plan, if any, will terminate effective as of the date
that Participant is no longer actively employed and will not be extended by any
notice period mandated under local law (e.g., active employment would not
include a period of “garden leave”or similar period pursuant to local law);
furthermore, in the event of involuntary termination of employment (whether or
not in breach of local labor laws), Participant’s right to receive Shares
pursuant to the Restricted Stock Units 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 the
Participant is no longer actively employed for purposes of the Award of Restricted
Stock Units.

11.   Address for Notices.   Any notice to
be given to the Company under the terms of this Agreement will be addressed to
the Company, in care of its [TITLE] at Ikanos Communications, Inc.,
[ADDRESS], or at such other address as the Company may hereafter designate in
writing.

12.   Grant is Not Transferable.   Except to the
limited extent permitted in the event of the Participant’s death, this grant
and the rights and privileges conferred hereby will not be transferred,
assigned, pledged or hypothecated in any way (whether by operation of law or otherwise)
and will not be subject to sale under execution, attachment or similar process.
Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose
of this grant, or any right or privilege conferred hereby, or upon any
attempted sale under any execution, attachment or similar process, this grant
and the rights and privileges conferred hereby immediately will become null and
void.

13.   Binding Agreement.   Subject to
the limitation on the transferability of this grant contained herein, this
Agreement will be binding upon and inure to the benefit of the heirs, legatees,
legal representatives, successors and assigns of the parties hereto.

14.   Additional Conditions to Issuance of Stock.   If at any
time the Company will determine, in its discretion, that the listing,
registration or qualification of the Shares upon any securities exchange or
under any foreign, state or federal law, or the consent or approval of any governmental
regulatory authority is necessary or desirable as a condition to the issuance
of Shares to the Participant (or his or her estate), such issuance will not
occur unless and until such listing, registration, qualification, consent or
approval will have been effected or obtained free of any conditions not
acceptable to the Company. Where the Company determines that the delivery of
the payment of any Shares will violate federal securities laws or other
Applicable Laws, the Company will defer delivery until the earliest date at
which the Company reasonably anticipates that the delivery of Shares will no
longer cause such violation. The Company will make all reasonable efforts to
meet the requirements of any such foreign, state or federal law or securities exchange
and to obtain any such consent or approval of any such governmental authority.

 

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

Participant understands that the 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 the
Company, details of all Restricted Stock Units or any other entitlement to
shares awarded, canceled, 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 recipient’s country may have different data privacy laws and protections
than Participant’s country. Participant understands that Participant 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 purposes 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, escrow agent or other third party with whom the Shares received upon
vesting of the Restricted Stock Units may be deposited. 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 Participant 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 that refusal or withdrawal of 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 Participant may contact Participant’s local human resources representative.

16.   Electronic Delivery.   The Company
may, in its sole discretion, decide to deliver any documents related to
Restricted Stock Units awarded under the Plan or future Restricted Stock Units
that may be awarded under the Plan by electronic means or request Participant’s
consent to participate in the Plan by electronic means. Participant hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company.

17.   Plan Governs.   This
Agreement is subject to all terms and provisions of the Plan. In the event of a
conflict between one or more provisions of this Agreement and one or more provisions
of the Plan, the provisions of the Plan will govern.

18.   Administrator Authority.   The
Administrator will have the power to interpret the Plan and this Agreement and
to adopt such rules for the administration, interpretation and application
of the Plan as are consistent therewith and to interpret or revoke any such
rules

 

(including, but not limited to, the determination of
whether or not any Restricted Stock Units have vested). All actions taken and
all interpretations and determinations made by the Administrator in good faith
will be final and binding upon Participant, the Company and all other interested
persons. No member of the Administrator will be personally liable for any
action, determination or interpretation made in good faith with respect to the
Plan or this Agreement.

19.   Captions.   Captions
provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Agreement.

20.   Agreement Severable.   In the event
that any provision in this Agreement will be held invalid or unenforceable,
such provision will be severable from, and such invalidity or unenforceability
will not be construed to have any effect on, the remaining provisions of this Agreement.

21.   Modifications to the Agreement.   This
Agreement constitutes the entire understanding of the parties on the subjects
covered. Participant expressly warrants that he or she is not accepting this
Agreement in reliance on any promises, representations, or inducements other
than those contained herein. Modifications to this Agreement or the Plan can be
made only in an express written contract executed by a duly authorized officer
of the Company. Notwithstanding anything to the contrary in the Plan or this
Agreement, the Company reserves the right to revise this Agreement as it deems
necessary or advisable, in its sole discretion and without the consent of
Participant, to comply with Section 409A of the Code or to otherwise avoid
imposition of any additional tax or income recognition under Section 409A
of the Code in connection to this Award of Restricted Stock Units.

22.   Governing Law.   This
Agreement shall be governed by the laws of the State of California, without
giving effect to the conflict of law principles thereof. For purposes of litigating
any dispute that arises under this Award of Restricted Stock Units or this
Agreement, the parties hereby submit to and consent to the jurisdiction of the
State of California, and agree that
such litigation shall be conducted in the courts of Santa Clara County,
California, or the federal courts
for the United States for the Northern District of California, and no other
courts, where this Award of Restricted Stock Units is made and/or to be
performed.

23.   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.

24.   Exchange Control Notification.   Participant
hereby agrees to comply with the India Foreign Exchange Management Act and
conditions from the Reserve Bank of India (“RBI”), including:

(a)    Repatriating
the proceeds from any dividends or the sale of Shares to India within a
reasonable time of receipt; and

(b)    Providing
evidence of repatriation of funds (e.g.,
a certificate of foreign remittance) to the Company, the Employer or the RBI
upon request.Exhibit 10.5.2

IKANOS COMMUNICATIONS, INC.

AMENDED AND RESTATED

2004 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT FOR EMPLOYEES IN INDIA

Unless otherwise defined herein, the terms defined in
the amended and restated 2004 Equity Incentive Plan (the “US Plan”) and the Rules for
Employees in India (the “India Plan”and, in conjunction with the US Plan, the “Plan”)
will have the same defined meanings in this Stock Option Agreement for
Employees in India (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”), 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.   India Plan.

Pursuant to the terms of the India Plan, it is
intended that Options granted under the Plan shall qualify for favorable tax
treatment under the Guidelines set forth by the Government of India (the “Guidelines”)
and this Agreement and the Plan shall be construed accordingly. Notwithstanding
the foregoing, certain events may affect the status of the India Plan and it
may be disqualified in the future. Neither the Company nor Participant’s
employer make any undertakings or representations to maintain the qualified
status of the India Plan, and Participant will not be entitled to any damages
if the India Plan, and thus the Option, no longer qualifies for favorable tax treatment
under the Guidelines.

C.   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.

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.

D.   Method of Payment.

Due to local exchange control restrictions,
Participant will not be permitted to use the “cashless-sell to cover”exercise
method. Under a cashless-sell to cover method, the Participant issues
instructions to a brokerage firm to exercise the Option and to effect the
immediate sale of the number of Shares necessary to cover the aggregate
Exercise Price payable for the purchased Shares, plus applicable taxes and
brokerage fees, if any, and remit the remaining Shares to the Participant.

Subject to this restriction, 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 (with the exception of a “cashless-sell to
cover”exercise).

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, 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 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.

 2
 

 

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.

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 not a customary right or privilege
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
 

 

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 whether or not in breach of local labor laws) 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 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 (whether or not in breach of
local labor laws), 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 and will not be extended by any
notice period mandated under local law (e.g.,
active employment would not include a period of “garden leave”or similar period
pursuant to local law); furthermore, in the event of termination of employment
(whether or not in breach of local labor laws), Participant’s right to exercise
the Option after termination of employment, if any, will be measured by the
date of

 4
 

 

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 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.

 5
 

 

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.

O.   Exchange Control Notification.   Participant
hereby agrees to comply with the India Foreign Exchange Management Act and
conditions from the Reserve Bank of India (“RBI”), including:

1.      Repatriating
the proceeds from any dividends or the sale of Shares to India within a reasonable
time of receipt; and

2.      Providing
evidence of repatriation of funds (e.g.,
a certificate of foreign remittance) to the Company, the Employer or the RBI
upon request.

[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

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 7

 

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 for Employees in India (the “India
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

 

6.   Entire Agreement; Governing Law.   The Plan,
India 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

  

 

 2

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