Document:

Offer Letter, Dated September 8, 2006

 Exhibit 10.2 
 September 8th, 2006 
 Nick Shamlou 
 47669 Fremont
Blvd. 
 Fremont, CA 94538, USA 
 Dear Nick: 
 I am very pleased to offer you a position with Ikanos Communications (the “Company”) as Vice President, World-Wide Sales reporting to me, in my capacity as
Chief Executive Officer. We would like your start date to be as soon reasonable, but no later than Monday, September 18, 2006. Reference checks have been satisfactorily met. 
 We are pleased to offer you an annual salary of $200,000.00, which will be paid to you bi-weekly. Also, we are pleased to offer you a comprehensive package of employee benefits including health, dental, vision, income
protection and a 401 (k) savings plan. We will cover you and your family through our world-wide health coverage during the interim period prior to your relocation back to the US. You will be eligible to accrue fifteen days of paid time-off per
year. This time may be used for vacation, personal time off or sick time. In addition, Ikanos observes eight scheduled holidays and two floating holidays per year. For this calendar year, if your hire date is on or before June 30, you will
receive two floating holidays. You will receive one floating holiday this calendar year if your hire date is after June 30. You should note that the Company may modify salaries and benefits from time to time, as it deems necessary. 

An important component of our compensation package includes the opportunity for ownership in our Company. After
your date of employment and upon approval of the Board of Directors as appropriate, the Company will grant you an option to purchase 100,000 shares of the Company’s common stock under the Company’s Stock Option Plan. The price of the
shares will be determined by the closing market price of the company stock on the day prescribed by the Company. These options will be subject to the terms and conditions of the Company’s Stock Option Plan and Stock Option Agreement. The
vesting schedule will commence on your date of hire and be vested at 25% after 12 months of start of vesting and  1/48th per month thereafter. You will also receive a grant of 35,000 Restricted Stock Units upon
approval by the Equity Awards Committee of the Company’s Board of Directors or the Board of Directors as appropriate. Vesting will commence on your date of hire, and vest annually over four (4) years. In addition, you will be eligible to
participate in the Ikanos Employee Equity Program which typically occurs in the June timeframe, whereby employees are eligible for additional Company equity. 
 As a key member of our team, you will be eligible to participate in the 2007 Key Employee Plan that provides opportunity (subject to certain provisions) for additional equity in the 1st quarter of 2007. A letter will
be provided to you outlining this plan. 
 You will be eligible to participate in the Sales Incentive Program at a target annual cash bonus potential of
$150,000.00 for 2006. Sales goals for the fiscal year will be established between you and me after you join us based on our current plan in place. You will receive a car allowance set at the level of the VP WW Sales. 
 To assist in the geographic housing transition while in Singapore and up your return to California, we will provide you with a one-time cash payment of $36,000.00 upon
your commencement of employment with us. This will be payable to you within two pay cycles of the company. We will cover your relocation cost of your standard household goods from Singapore back to California using a carrier that is satisfactory to
both you and Ikanos up to a maximum of $25,000.00. 
 In the event of severance of employment within twelve (12) months of your start date the Company
(or any parent or subsidiary of the Company) terminates your employment without Cause then you will receive compensation, prorated bonus (as if 100% earned) and other employee benefits for six (6) months following your termination. Treatment of
Options or RSUs Following a Change of Control: If within twelve (12) months following a Change of Control: (i) you resign from your employment with the Company (or any parent or subsidiary of the Company) for Good Reason or (ii) the
Company (or any parent or subsidiary of the Company) terminates your employment without Cause, and you sign and do not revoke a release of claims with the Company in a form acceptable to the Company, then: Twenty-five percent (25%) of all
unvested shares subject to your then outstanding options to purchase shares of the Company’s common stock, granted pursuant to the Company’s 1999 Stock Plan or other employee stock incentive arrangements approved by the Company’s
Board of Directors, will become fully vested and exercisable as of the date of your termination. These vested options will remain exercisable following such termination for the period prescribed in the respective option agreements. 
 Notwithstanding the foregoing, you will only be entitled to this compensation if you enter into (and do not revoke) a release of any and all claims against the Company,
in a form reasonably acceptable to the Company. Definitions: “Cause” means: (i) your failure to perform your assigned duties or responsibilities after notice from the Company describing your failure to perform such duties or
responsibilities; (ii) engaging in any act of dishonesty, fraud or misrepresentation; (iii) violation of any federal or state law or regulation applicable to the Company’s business; (iv) breach of any confidentiality agreement or
invention assignment agreement between you and the Company; or (v) you being convicted of, or entering a plea of nolo contendere to, any crime or committing any act of moral turpitude. 

 “Change of Control” means either (i) the acquisition of the Company by another entity by means of any
transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation or stock transfer, but excluding any such transaction effected primarily for the purpose of changing the domicile of the
Company), unless the Company’s stockholders of record immediately prior to such transaction or series of related transactions hold, immediately after such transaction or series of related transactions, at least 50% of the voting power of the
surviving or acquiring entity (provided that the sale by the Company of its securities for the purposes of raising additional funds will not constitute a Change of Control hereunder); or (ii) a sale of all or substantially all of the assets of
the Company. “Good Reason” will mean in connection with a Change of Control and without your express written consent (i) a reduction of your duties, position or responsibilities; (ii) a reduction by the Company in your base
salary, as may be applicable, is in effect immediately prior to such reduction; (iii) a material reduction by the Company in the kind or level of employee benefits to which you are entitled immediately prior to such reduction with the result
that your overall benefits package is significantly reduced; or (iv) your relocation to a facility or a location more than 50 miles from your then present location. 
 You should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the
Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. Your continued employment with the Company is contingent upon the successful completion of a background check. Upon
completion of this, Human Resources will confirm your employment status with the Company. 
 You will be eligible for a performance and salary review as part
of Ikanos’ annual performance review process typically occurring in the first quarter of each year. 
 For purposes of federal immigration law, you will
be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment
relationship with you may be terminated. 
 As a Company employee, you will be expected to abide by company rules and regulations. You will be expected to
sign and comply with an Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company and
non-disclosure of proprietary information. You will also be expected to sign and comply with our Company Code of Conduct Policy and our Insider Trading Policy. 
 You agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or
becomes involved during the, terni of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. 
 To
indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records. This letter, along with the agreement relating to proprietary
rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement,
signed by the Chief Executive Officer of the Company and by you. 
 Nick, Ikanos is an exciting endeavor. We are delivering on a strategy in the market that
will cement our competitive position; and you, and your contributions will be an important component of our success. We look forward to working with you at Ikanos Communications. 
 Please call me with any questions that you may have about this offer. 
 Sincerely, 
 Rajesh Vashist 
 Chairman and Chief Executive Officer 
 Accepted and agreed to: 
 Date: 09/08/06 
  

	
	 /s/ Nick Shamlou

	Employee Signature

 Cc: Chris Smith, Vice President, Human Resources 
 Enclosures: 
 Employment, Confidential Information, Invention Assignment and Arbitration Agreement Company
Code of Ethics 
 Insider Trading Policy 
 Duplicate Original Offer LetterLetter Agreement regarding Offer Letter, dated November 28, 2006

 Exhibit 10.2.1 
 November 28, 2006 
 Nick Shamlou 
 47669 Fremont
Blvd. 
 Fremont, CA 94538, USA 
 Re: Letter Agreement
Regarding Offer Letter 
 Dear Nick: 
 Reference is made to
the offer letter, dated as of September 8, 2006 (the “Offer Letter”), by and among you and Ikanos Communications, Inc. (the “Company”). Capitalized terms used in this letter have the same meaning they have in the Offer
Letter unless otherwise defined herein. 
 As we have recently discussed in connection Rajesh Vashist stepping down as the Company’s Chief Executive
Officer and Dan Atler being appointed as his interim replacement, the Company expects to conduct a search to find a permanent replacement for Mr. Vashist. The purpose of this letter (“Letter Agreement”) is to provide you with
additional protection in the event your employment with the Company is terminated without Cause within the thirty-month period following the hiring of Mr. Vashist’s permanent replacement as Chief Executive Officer of the Company. This
Letter Agreement confirms our mutual agreement that, notwithstanding anything contained in the Offer Letter to the contrary, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by both parties hereto,
the parties have agreed as follows: 
 1. Termination Without Cause Within Eighteen Months Following the Hiring of the Company’s
Permanent Chief Executive Officer. 
 If the Company terminates your employment with the Company without Cause within the
eighteen-month period following the date the Company hires Mr. Vashist’s permanent replacement as Chief Executive Officer of the Company (it being understood that the appointment of Mr. Atler as the interim Chief Executive Officer is
not the hiring of a permanent replacement for Mr. Vashist, but in the event the Company and Mr. Atler were to agree that his status as Chief Executive Officer of the Company were to change from an interim position to a permanent one, then
the date the Company and Mr. Atler enter into such agreement would be the date from which such eighteen-month period would be measured), then, subject to your signing and not revoking the separation agreement and release of claims attached
hereto as Exhibit A, you will be entitled to the following severance benefits in lieu of any severance benefits to which you would otherwise be entitled under the Offer Letter (whether prior to or following a Change of Control): 

(a) Continued Base Salary. You will receive continuing payments of severance pay at a rate equal to your base salary rate, as then in effect,
for twelve (12) months from the date of such termination in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of the continuing payments have not been paid as of the last payroll date
prior to March 15 of the year following the year during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 1(a) will be made
after March 15 of the year following the year during which the termination occurs. 
 (b) Commission. You will be entitled to
receive an amount equal to 100% of your target commission for the year in which the termination occurs (as if earned at 100% of target) to be paid in equal installments over the twelve (12)-month period from the date of such termination in
accordance with the Company’s normal payroll policies; provided, however, that in the event that all of such payments have not been paid as of the last payroll date prior to March 15 of the year following the year during which the
termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 1(b) will be made after March 15 of the year following the year during which the
termination occurs. 
  

 (c) Car Allowance. You will be entitled to receive an amount equal to the car allowance you were
receiving at the time of your termination for a period of twelve (12) months from the date of such termination to be paid on the same schedule you would have otherwise received such allowance had you remained employed with the Company through
the twelve-month period following your termination and in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of the such payments have not been paid as of the last payroll date prior to
March 15 of the year following the year during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 1(c) will be made after
March 15 of the year following the year during which the termination occurs. 
 (d) Benefits. The Company will reimburse your
premiums under Title X of the Consolidated Budget Reconciliation Act of 1985, as amended (“COBRA”) after you have properly elected continuation coverage under COBRA (for which you will be solely responsible for electing such coverage
for you and your eligible dependents) through the earlier of (i) the twelve (12)-month period following such termination, or (ii) the date you and your eligible dependents become covered under similar plans. 
 (e) Accelerated Vesting of Equity Awards. Your restricted stock unit awards will immediately vest and become payable as to an aggregate number of
units equal to fifty percent (50%) of the aggregate number of your then unvested restricted stock units plus the number of shares subject to your then unvested options to purchase shares of Company common stock (the “Number of Aggregate
Unvested Equity Awards”). In the event the number of restricted stock units which vest pursuant to the previous sentence is less than fifty percent (50%) of the Number of Aggregate Unvested Equity Awards, your outstanding options to
purchase Common Stock will immediately vest and become exercisable as to an aggregate number of shares equal to fifty percent (50%) of the Number of Aggregate Unvested Equity Awards, less the number of restricted stock units that vest pursuant
to the foregoing provisions of this paragraph. The vesting acceleration provided for in this Section 1(d) will be applied as provided for in Section 3. 
 2. Termination Without Cause On or After Eighteen Months Following the Hiring of the Company’s Permanent Chief Executive Officer Up to and Through Thirty Months Following the Hiring of the Company’s
Permanent Chief Executive Officer. 
 If the Company terminates your employment with the Company without Cause on or after the
eighteen-month period following the date the Company hires Mr. Vashist’s permanent replacement as Chief Executive Officer of the Company (it being understood that the appointment of Mr. Atler as the interim Chief Executive Officer is
not the hiring of a permanent replacement for Mr. Vashist, but in the event the Company and Mr. Atler were to agree that his status as Chief Executive Officer of the Company were to change from an interim position to a permanent one, then
the date the Company and Mr. Atler enter into such agreement would be the date from which such eighteen and thirty-month periods would be measured) up to and through thirty (30) months following hiring of such replacement, then, subject to
your signing and not revoking the separation agreement and release of claims attached hereto as Exhibit A, you will be entitled to the following severance benefits in lieu of any severance benefits to which you would otherwise be entitled
under the Offer Letter (whether prior to or following a Change of Control): 
 (a) Continued Base Salary. You will receive continuing
payments of severance pay at a rate equal to your base salary rate, as then in effect, for six (6) months from the date of such termination in accordance with the Company’s normal payroll policies; provided, however, that in the event that
all of the continuing payments have not been paid as of the last payroll date prior to March 15 of the year following the year during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date
such that no payments to be made pursuant to this Section 2(a) will be made after March 15 of the year following the year during which the termination occurs. 
 (b) Commission. You will be entitled to receive an amount equal to fifty percent (50%) of your target commission for the year in which the termination occurs (as if earned at 100% of target) to be paid in
equal installments over the six (6)-month period from the date of such termination in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of 

 
such payments have not been paid as of the last payroll date prior to March 15 of the year following the year during which the termination occurs, the
Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 2(b) will be made after March 15 of the year following the year during which the termination occurs.

 (c) Car Allowance. You will be entitled to receive an amount equal to the car allowance you were receiving at the time of your
termination for a period of six (6) months from the date of such termination to be paid on the same schedule you would have otherwise received such allowance had you remained employed with the Company through the six-month period following your
termination and in accordance with the Company’s normal payroll policies; provided, however, that in the event that all of the such payments have not been paid as of the last payroll date prior to March 15 of the year following the year
during which the termination occurs, the Company will pay all remaining amounts in a lump sum on such payroll date such that no payments to be made pursuant to this Section 2(c) will be made after March 15 of the year following the year
during which the termination occurs. 
 (d) Benefits. The Company will reimburse your premiums under Title X of the Consolidated
Budget Reconciliation Act of 1985, as amended (“COBRA”) after you have properly elected continuation coverage under COBRA (for which you will be solely responsible for electing such coverage for you and your eligible dependents) through
the earlier of (i) the six (6)-month period following such termination, or (ii) the date you and your eligible dependents become covered under similar plans. 
 (e) Accelerated Vesting of Equity Awards. Your restricted stock unit awards will immediately vest and become payable as to an aggregate number of units equal to twenty-five percent (25%) of the Number of
Aggregate Unvested Equity Awards. In the event the number of restricted stock units which vest pursuant to the previous sentence is less than twenty-five percent (25%) of the Number of Aggregate Unvested Equity Awards, your outstanding options
to purchase Common Stock will immediately vest and become exercisable as to an aggregate number of shares equal to twenty-five percent (25%) of the Number of Aggregate Unvested Equity Awards, less the number of restricted stock units that vest
pursuant to the foregoing provisions of this paragraph. The vesting acceleration provided for in this Section 2(d) will be applied as provided for in Section 3. 
 3. Application of Accelerated Vesting. In the event you become entitled to accelerated vesting of your restricted stock unit and/or stock option awards pursuant to Sections 1(d) or 2(d), respectively, and there
are multiple types of awards, such acceleration will be applied on a pro-rata basis based on the number of units and/or shares subject to an award versus the total number of units and/or shares subject to the same types of awards you hold.

 By way of example only, assume you have the following unvested restricted stock unit and stock option awards at the time of your
termination: 
  

			
	 Unvested Restricted Stock Units
	  	 Unvested Stock Options

	30,000	  	80,000
	20,000	  	60,000
	10,000	  	20,000

 In this example, the Number of Aggregate Unvested Equity Awards would equal 220,000. 
 In applying the vesting acceleration provisions of Section 1(d), the aggregate number of units and shares that could vest would equal 110,000 (i.e., 50% of
220,000). All of the unvested restricted stock units 

 
would vest in full (a total of 60,000 restricted stock units) and the option covering 80,000 unvested shares would vest as to an additional 25,000 shares,
the option covering 60,000 unvested shares would vest as to an additional 18,750 shares and the option covering 20,000 unvested shares would vest as to an additional 6,250 shares (with the result that an aggregate of 50,000 shares subject to the
options would vest). 
 In applying the vesting acceleration provisions of Section 2(d), the total number of units and shares that could vest pursuant
to Section 2(d) would equal 55,000 (i.e., 25% of 220,000). In applying the vesting acceleration pursuant to Section 2(d), the restricted stock unit award covering 30,000 unvested units would vest as to 27,500 units, the restricted stock
unit covering 20,000 unvested units would vest as to 18,333 units and the restricted stock unit covering 10,000 unvested units would vest as to 9,167 unvested units and no shares subject to any outstanding options would vest. 
 4. Section 409A. Notwithstanding anything to the contrary in this Letter Agreement or the Offer Letter, any cash severance payments otherwise
due to you pursuant to Sections 1 or 2 or otherwise on or within the six-month period following your termination will accrue during such six-month period and will become payable in a lump sum payment on the date six (6) months and one
(1) day following the date of your termination, provided, that such cash severance payments will be paid earlier, at the times and on the terms set forth in the applicable provisions of Sections 1 or 2, if the Company and you mutually agree
that the imposition of additional tax under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), will not apply to an earlier payment of such cash severance payments. In addition, this Letter Agreement will be
deemed amended to the extent necessary to avoid imposition of any additional tax or income recognition prior to actual payment to you under Code Section 409A and any temporary or final Treasury Regulations and guidance promulgated thereunder
and the parties agree to cooperate with each other and to take reasonably necessary steps in this regard. 
 This Letter Agreement will in no way effect the
“at-will” status of your employment with the Company (consistent with the Offer Letter) and the Company or you may terminate such employment at any time with or without cause or notice. 
 Both you and the Company acknowledge that the Letter Agreement has been entered into after the execution of the Offer Letter and accordingly agree that, to the extent
this Letter Agreement is inconsistent with any provisions in the Offer Letter, the Letter Agreement will supercede the Offer Letter. 
 This Letter
Agreement, together with the Offer Letter, to the extent not amended hereby, represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements whether written
or oral. No waiver, alteration, or modification of any of the provisions of this Letter Agreement will be binding unless in writing and signed by duly authorized representatives of the parties hereto. 
 This Letter Agreement may be signed in counterparts, each of which will be an original, with the same effect as if the signature thereto were upon the same Letter
Agreement. This Letter Agreement will be governed by the laws of the State of California (with the exception of its conflict of laws provisions). 
 Please
sign below to indicate your agreement to the terms of this Letter Agreement. 
 Sincerely, 
  

			
	IKANOS COMMUNICATIONS, INC.
		
	By:	 	 /s/ Daniel K. Atler

	Name:	 	Daniel K. Atler
	Its:	 	CEO

 AGREED TO AND ACCEPTED: 
  

	
	NICK SHAMLOU
	
	 /s/ Nick Shamlou

	Nick Shamlou

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