Document:

EX-10.2

CONEXANT SYSTEMS, INC.

2001 PERFORMANCE SHARE PLAN

TERMS AND CONDITIONS FOR FEBRUARY 22, 2006 AWARD

TO DWIGHT W. DECKER

Pursuant to your Grant Letter and these Performance Share Award Terms and Conditions (the
“Terms and Conditions”), Conexant Systems, Inc. (the “Company”) has awarded you a Performance Share
Award under its 2001 Performance Share Plan (the “Plan”) as a form of incentive compensation. The
Grant Date for the Performance Share Award is as provided in the Grant Letter.

The details of your Performance Share Award are governed by the Plan and Grant Letter, the
terms of which are incorporated herein by reference, and these Terms and Conditions. Capitalized
terms not explicitly defined in these Terms and Conditions but defined in the Plan shall have the
same definitions as in the Plan.

1. Number of Shares. The number of Shares subject to this Performance Share
Award is as set forth in the Grant Letter, subject to adjustment from time to time for
capitalization adjustments as provided in subsection 8(a) of the Plan.

2. Vesting.

(a) Provided you are an Employee on each Date of Determination (as defined below), then,
subject to the limitations contained herein, your Performance Share Award shall vest if and to the
extent determined by the Compensation Committee of the Board of Directors (the “Committee”) in its
sole discretion based upon its assessment of your performance. The Committee will consider a
number of factors in its assessment of your performance, including, but not limited to, achievement
and progress in the areas of Conexant’s Phase III recovery strategy, strategic planning, financial
results, succession planning, leadership and investor relations.

(b) A “Date of Determination” shall be the date or dates on which the Committee evaluates your
performance under this Performance Share Award and makes a determination with respect to the
vesting of your Performance Share Award. For purposes of these Terms and Conditions, a Vesting
Date with respect to any Shares that vest under your Performance Share Award shall be no earlier
than at least one business day following a Date of Determination. Notwithstanding the foregoing,
the Committee may, in its sole discretion, determine on a Date of Determination that all, some or
none of the Shares shall vest under the Performance Share Award and that all, some or none of the
Shares covered by this Performance Share Award shall terminate as of such Date of Determination and
will not vest in the future.

3. Term. Subject to the provisions of Section 4 herein, the term of your
Performance Share Award commences on the Grant Date and expires upon the earlier of (i) the date
you cease to provide services as an Employee for any reason, or (ii) with respect to that portion
of the Shares subject to your Award that the Committee shall determine has not vested on the Date
of Determination, then on such date.

4. Payment /Form of Payment.

(a) Payment. To the extent that your Performance Share Award (or any portion thereof) vests
in accordance with Section 2 herein, then you shall automatically receive on (or as soon as
reasonably practicable following) the Vesting Date, with respect to the vested portion of your
Performance Share Award, a Payment, in the form described below, in an amount equal to the Fair
Market Value Per Share on the Vesting Date multiplied by the number of Shares as to which the
Performance Share Award is vested as of such Vesting Date, subject to the withholding requirements
set forth in Section 6 herein. Notwithstanding the foregoing, if the Vesting Date occurs during a
time when you are prevented from selling securities to the public because such sale would violate
federal or state securities laws or because such sale would violate the Company’s insider trading
policy, then you shall automatically receive a Payment as soon as reasonably practicable following
the date on which you would not be so prohibited from selling such shares.

(b) Form of Payment. The Payment made pursuant to subsection 4(a) herein shall be made in the
form of either (a) shares of Common Stock of the Company, (b) cash, or (c) a combination of the
foregoing, in either case in the Company’s sole discretion, based upon the Fair Market Value Per
Share on the Vesting Date, subject to the withholding requirements set forth in Section 6 herein.

5. No Rights as a Stockholder. The receipt of this Performance Share Award shall
not entitle you to any shares of Common Stock (other than those shares that you may receive, at the
election of the Board or the Committee, as Payment with respect to the vested portion of your
vested Performance Share Award), and you will not be treated as a stockholder of the Company solely
as a result of having received this Performance Share Award.

6. Responsibility for Taxes and Withholding Obligations. 

(a) You hereby acknowledge and agree that the ultimate liability for any and all tax, social
insurance and payroll tax withholding (“Tax-Related Items”) is and remains your responsibility and
liability, and that the Company or its Subsidiaries: (a) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance
Share Award, including the grant or vesting of the Performance Share Award and the subsequent sale
of Shares subject to the Performance Share Award; and (b) do not commit to structure the terms of
the Performance Share Award to reduce or eliminate your liability for Tax-Related Items.

(b) As a condition to receiving Payment (in whole or in part) with respect to the vested
portion of your vested Performance Share Award, you authorize withholding from the amount of such
Payment or from your payroll any sums required to satisfy the federal, state, local and foreign tax
withholding obligations of the Company or its Subsidiaries, if any, which arise in connection with
your receipt of (and Payment pursuant to) your Performance Share Award.

(c) Upon your request and subject to approval by either the Board or the Committee, in its
sole and exclusive discretion, and any applicable conditions or restrictions of law, prior to any
Payment to you as described in subsection 4(a) hereof, the Company may (but shall not be obligated
to) permit you to enter into an alternative arrangement with the Company providing for the payment
by you to the Company of any Tax-Related Items arising by reason of your receipt of such Payment.
To the extent that the Board or the Committee approves such an alternative withholding arrangement
with respect to you, upon receipt by the Company from you of amounts necessary to satisfy the
Tax-Related Items in connection with your receipt of (and Payment pursuant to) your Award, then you
shall receive the Payment with respect to the vested portion of your Performance Share Award.

7. Notices. Any notices provided for in your Performance Share Award or the Plan
shall be given by you in writing (or through electronic means approved in advance by the Company)
and shall be deemed effectively given only upon receipt by the Company or, in the case of notices
delivered by the Company to you, may be given either in writing or by electronic means (which may
include, but shall not be limited to, email) and shall be deemed effectively given as of the date
of such notice.

8. Acknowledgement and Waiver. You may reject your Performance Share Award by
providing notice of such rejection to the Company prior to the Vesting Date, as provided herein. If
you do not reject a Performance Share Award, then you will be deemed to have accepted the
Performance Share Award. In accepting the Performance Share Award, you acknowledge that: (i) the
Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (ii)
the Performance Share Award is voluntary and occasional and does not create any contractual or
other right to receive future Performance Share Awards, or benefits in lieu of Performance Share
Awards even if Performance Share Awards have been made repeatedly in the past; (iii) all decisions
with respect to any such future Performance Share Awards will be at the sole discretion of the
Company; (iv) your participation in the Plan shall not create a right to further employment with
the Company, its Subsidiaries or your Employer and shall not interfere with the ability of the
Company or your Employer to terminate your employment relationship at any time with or without
cause; (v) your participation in the Plan is voluntary; (vi) the Performance Share Award is not
part of normal or expected compensation or salary for any purposes, including, but not limited to,
calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service
awards, pension or retirement benefits or similar payments; (vii) in the event of involuntary
termination of your employment, your right to receive Performance Share Awards and vest under the
Plan, if any, will terminate effective as of the date that you are no longer actively employed
regardless of any reasonable notice period mandated under local law; (viii) if you are an Employee
providing services outside the United States, the Performance Share Award has been granted to you
in your status as an Employee of your Employer, and, in the event that your Employer is not the
Company, the Performance Share Award can in no event be understood or interpreted to mean that the
Company is your employer or that you have an employment relationship with the Company; (ix) the
future value of the Shares subject to the Performance Share Award is unknown and cannot be
predicted with certainty; and (x) no claim or entitlement to compensation or damages arises from
termination of the Performance Share Award or diminution in value of the Shares subject to the
Performance Share Award and you irrevocably release the Company, its Subsidiaries and your Employer
from any such claim that may arise.

9. Miscellaneous.

(a) All rights and liabilities with respect to your Performance Share Award are set forth in
the Plan, these Terms and Conditions and the Grant Letter.

(b) Except as otherwise provided, the Plan, these Terms and Conditions, the Grant Letter and
any agreement between you and the Company governing your employment with the Company set forth the
entire understanding between you and the Company and its Subsidiaries regarding this Performance
Share Award and the subject matter hereof, and supersede all prior and contemporaneous agreements
and understandings, inducements or conditions, express or implied, oral or written.

10. Governing Plan Document. Your Performance Share Award is subject to all the
provisions of the Plan, the provisions of which are hereby made a part of your Performance Share
Award, and is further subject to all interpretations, amendments, rules and regulations which may
from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your Performance Share Award and those of the Plan, the provisions of the
Plan shall control.

11. Applicable Laws and Regulations. These Terms and Conditions are governed by
the laws of the State of Delaware, without regard to its conflicts of laws principles, and the
federal law of the United States. If you have received these Terms and Conditions 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.

12. Severability. If one or more of the provisions of these Terms and Conditions
shall be held invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby and
the invalid, illegal or unenforceable provision shall be deemed null and void; however, to the
extent permissible by law, any provisions which could be deemed null and void shall first be
construed, interpreted or revised retroactively to permit the Terms and Conditions to be construed
so as to foster the intent of the Terms and Conditions and the Plan.

13. Nonassignability of Performance Share Awards. No Performance Share Award
granted under the Plan (or the right to receive Payment pursuant thereto) shall be assignable or
transferable in any manner by you other than by (a) will, or (b) the laws of descent and
distribution. During your lifetime, vested Shares subject to Performance Share Awards held by you
shall be payable only to you or your guardian or legal representative.EX-10.3

Conexant Systems Inc.

Board of Directors Annual Remuneration

As of 2/22/06

Cash Compensation

Effective February 22, 2006, the cash compensation of the non-employee Directors was set as follows

	 	 	 	 	 
	Type	 	Amount
	 
	 	 	 	 
	Annual
	 	(in dollars)

	 
	 	 	 	 
	Board membership
	 	 	30,000	 
	 
	 	 	 	 
	Committee membership
	 	 	7,500	 
	 
	 	 	 	 
	Committee Chair – Audit Committee
	 	 	20,000	 
	 
	 	 	 	 
	Committee Chair – all other committees
	 	 	15,000	 
	 
	 	 	 	 
	Meeting Attendance
	 	 	 	 
	 
	 	 	 	 
	Board meeting
	 	 	1,500	 
	 
	 	 	 	 
	Committee meeting
	 	 	1,000	 
	 
	 	 	 	 

The retainers and fees are payable as follows:

	 	(i)	 	Base and Committee chairmanship and membership annual retainers – in cash
quarterly in advance; unless a director elects to take payment in Shares under the
provisions of Section 7 of the Directors Plan, in which case the director may elect,
not later than December 31 of the year preceding the year as to which the election is
applicable; a director electing to take payment in Shares will be issued his shares on
the same date as the cash retainer and applicable meeting fees are paid to non-electing
directors; and

	 	(ii)	 	Meeting fees – quarterly in arrears.

Directors are also reimbursed for transportation and other expenses actually incurred in attending
Board and Committee meetings.

Equity Compensation

Under the Directors Stock Plan, upon initial election to the Board, each non-employee Director
shall be granted an option to purchase 40,000 shares of the Corporation’s Common Stock at the
closing price per share (the Fair Market Value) on the date of grant as reported in the Nasdaq
reporting system (or on the next preceding day such stock was traded if it was not traded on the
date of grant). Thereafter, each non-employee director who has served as a non-employee director
for at least one (1) month and is elected a director at, or who was previously elected and
continues as a director after, that Annual Meeting shall be granted:

	 	•	 	an option to purchase 10,000 shares on the day of the Annual Meeting of Shareholders
(“First Annual Grant”); and

	 	•	 	an option to purchase 10,000 shares six (6) months after the First Annual Grant
(“Second Annual Grant”) ;

provided that the Board may, by action taken on or before the day following the date of any
such Annual Meeting, defer the First Annual Grant for up to forty five (45) days following
such Annual Meeting and may defer the Second Annual Grant up to forty five (45) days before
or after the six (6) month anniversary of the First Annual Grant.

These stock options become exercisable in four (4) approximately equal annual installments and are
exercisable during a Director’s Board service for up to ten (10) years after the grant date.

A Director who retires from the Board at or after age fifty-five (55) and with at least five (5)
years of Board service may exercise all remaining stock options granted (whether or not otherwise
exercisable) for up to five (5) years after his or her retirement date (or the expiration date
specified in the option). If a Director dies while serving on the Board, his or her estate, heirs
or legatees (or a permitted assignee) may exercise all remaining stock options (whether or not
otherwise exercisable) for up to three (3) years after the Director’s date of death (or the
expiration date specified in the option ). A Director who becomes disabled or resigns for reasons
of the antitrust laws, compliance with the Corporation’s conflict of interest policies or other
circumstances that the Compensation and Management Development Committee (the Committee) may
determine as serving the best interests of the Corporation may exercise his or her remaining stock
options to the extent exercisable at the date of termination of his or her Board service for such
period after that date as the Committee may determine (or the expiration date specified in the
option).

If a Change of Control occurs, as defined in the Bylaws, all stock options outstanding under the
Directors Stock Plan become fully exercisable (whether or not otherwise then exercisable) and each
such option shall expire at the earlier of five (5) years from the date of the Change of Control or
the expiration date specified in the option. In all other cases, a Director’s stock options expire
upon termination of his or her Board service.

Directors’ stock options are not transferable except by will or the laws governing intestate
succession or by gift to a Director’s spouse or natural, adopted or stepchildren or grandchildren.
In addition, any Director may transfer any stock options granted under the Plan to any entity
affiliated with the Director, to be designated in writing by the Director and approved by the
Board, all such transfers to be subject to the same terms and conditions as the original grant made
directly to the individual Director.

Deferred Cash Compensation

A Director may elect to defer receipt of all or a portion of his or her compensation for Board
service under the Corporation’s Deferred Compensation Plan, Directors Stock Plan or both.

Pursuant to the Deferred Compensation Plan, a Director may elect to defer receipt of all or a
portion of the cash compensation the Director will receive beginning January 1 of the year
following the year in which such an election is made.

All amounts so deferred will be payable to the Director at a specified future time and will be paid
either in a lump sum or through a series of periodic payments in accordance with the Director’s
instructions. Amounts deferred may be invested in a number of benchmark funds at the Director’s
discretion.

Deferred Equity Compensation

Under the Directors Stock Plan, a Director may elect each calendar year:

	 	•	 	to defer all or any part of his or her cash retainer fees payable during the following
calendar year through receipt of non-forfeitable or restricted shares of the Corporation’s
Common Stock (Restricted Shares), valued at the closing market price on the date when each
payment of retainer fees would otherwise be made in cash; or

Compensation deferred through receipt of Restricted Shares will not be subject to federal income
tax (under present laws and regulations) until the restrictions on those Shares lapse. The amount
of the taxable income a Director is deemed to receive when the restrictions lapse, however, will be
the value of the shares at that time.

Restricted Shares are subject to forfeiture if the Director ceases to be a Director prior to his or
her normal retirement date under the Board’s retirement policy (presently age fifty-five (55) and
with at least five (5) years of Board service for non-employee Directors) for reasons other than
compliance with antitrust laws or the Corporation’s conflict of interest policies, death or other
circumstances the Board determines not to be adverse to the Corporation’s best interests. This
“risk of forfeiture” is what makes the Restricted Shares eligible for deferred taxation.

An election form for making an election or elections under either or both of these Plans is
included in the Forms section.

Mileage Reimbursement For Use Of Personal Automobile

For use of your personal automobile in connection with attending meetings of the Board or Board
Committees or other activities incident to Board service, the Corporation will reimburse per mile
at the maximum per mile rate set by the Internal Revenue Service.

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