Document:

EX-10.4

 Exhibit 10.4 

 
 

 
 MINDSPEED TECHNOLOGIES, INC. 

INDUCEMENT INCENTIVE PLAN 
 STOCK OPTION TERMS AND CONDITIONS 
 FOR INTERNATIONAL EMPLOYEES

  

	1.	Definitions 

 Capitalized
terms used and not defined herein shall have the respective meanings assigned to such terms in the Plan (as defined below). As used in these Stock Option Terms and Conditions, the following words and phrases shall have the respective meanings
ascribed to them below unless the context in which any of them is used clearly indicates a contrary meaning: 
  

	 	(a)	Award Agreement: These Stock Option Terms and Conditions and any appendix to these Stock Option Terms and Conditions for your country of residence
together with the Grant Letter. 

  

	 	(b)	Cause: (i) A felony conviction of a Participant; (ii) the commission by a Participant of an act of fraud or embezzlement against Mindspeed
and/or a Subsidiary; (iii) willful misconduct or gross negligence materially detrimental to Mindspeed and/or a Subsidiary; (iv) the Participant’s continued failure to implement reasonable requests or directions received in the course
of his or her employment; (v) the Participant’s wrongful dissemination or use of confidential or proprietary information; or (vi) the intentional and habitual neglect by the Participant of his or her duties to Mindspeed and/or a
Subsidiary. 

  

	 	(c)	Disability: Permanent and total disability within the meaning of Mindspeed’s long-term disability plan, as it may be amended from time to time, or,
if there is no such plan, as determined by the Committee. 

  

	 	(d)	Employer: Has the meaning given to it in Section 5. 

  

	 	(e)	Fidelity: Fidelity Stock Plan Services, the stock option administrator whom Mindspeed has engaged to administer and process all stock option exercises.
Mindspeed may, in its sole discretion, change stock option administrators at any time, in which case, the provisions of this Award Agreement will apply to any other stock option administrator selected by Mindspeed. 

 

	 	(f)	Grant Letter: The letter from Mindspeed granting the Option or Options to the Employee or Non-Employee. 

  
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	 	(g)	Mindspeed: Mindspeed Technologies, Inc., a Delaware corporation. 

 

	 	(h)	Options: The non-qualified stock options granted pursuant to the terms and conditions of the Plan and this Award Agreement. 

 

	 	(i)	Option Shares: The shares of Mindspeed Common Stock issuable or transferable on exercise of the Options. 

 

	 	(j)	Plan: Mindspeed’s Inducement Incentive Plan (including any sub-plan to Mindspeed’s Inducement Incentive Plan), as such Plan may be amended and
in effect at the relevant time. 

  

	 	(k)	Retirement: Retirement at or after age sixty two (62) or, with the advance consent of the Committee, before age sixty two (62) but at or after
age fifty five (55). 

  

	 	(l)	Tax-Related Items: Has the meaning given to it in Section 7. 

 

	 	(m)	Web: Fidelity’s website that is used to facilitate stock option transactions and is accessible through Mindspeed MyNet. 

 

	2.	When Options May be Exercised 

 The Options are vested and may be exercised in accordance with the schedule included in the Grant Letter, provided that: 
  

	 	(a)	if you die while an employee of Mindspeed, your estate, or any person who acquires the Options by bequest or inheritance, may exercise all the Options not theretofore
exercised, within (and only within) the period beginning on your date of death (even if you die before you have become entitled to exercise all or any part of the Options) and ending three (3) years thereafter; 

 

	 	(b)	if your employment by Mindspeed terminates other than by death, then: 

  

	 	(i)	if your employment by Mindspeed is terminated for Cause, the Options shall expire forthwith upon your termination and may not be exercised thereafter; and

  

	 	(ii)	 if your employment by Mindspeed terminates for any reason (including Retirement or Disability) not specified in subparagraph (a) or in
clause (i) of this subparagraph (b), you (or if you die after your termination date, your estate or any person who acquires the Options by bequest or inheritance) may thereafter exercise the Options within (and only within)

  
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the period ending three (3) months after your termination date, but only to the extent they were exercisable on your termination date, it being understood that neither (i) your transfer
from Mindspeed to a Subsidiary or affiliate of Mindspeed, whether or not incorporated, or vice versa, or from one Subsidiary or affiliate of Mindspeed to another, nor (ii) a leave of absence duly authorized in writing by Mindspeed, shall be
deemed a termination of employment; and 

  

	 	(c)	the beginning exercise date of any unexercisable Options will be delayed for the length of time during which you are on an unpaid leave of absence duly authorized in
writing by Mindspeed that exceeds six (6) months. 

 The Committee may, in its discretion, extend the period
during which Options may be exercised beyond the period set forth in subparagraphs (a) and (b)(ii) above, but in no event shall the provisions of the foregoing subparagraphs (a) or (b)(ii) extend to a date more than eight (8) years
after the date of the grant. 
  

	3.	Exercise Procedure 

  

	 	(a)	To exercise all or any part of the vested Options, you (or after your death, your estate or any person who has acquired the Options by bequest or inheritance) must
contact the administrator, Fidelity, by using the Web system or by speaking to a Fidelity customer service representative, or comply with such other procedures as Mindspeed may establish for notifying it, either directly or through an on-line
internet transaction with a brokerage firm authorized by Mindspeed to effect such Option exercises, of the exercise of the Option. If Fidelity is used to effect the exercise, you (or after your death, your estate or any person who has acquired the
Options by bequest or inheritance), must: 

  

	 	(i)	contact Fidelity and follow the instructions provided (or contact Fidelity by phone and speak to a customer service representative); and 

 

	 	(ii)	confirm the Option transaction through the Web system or by speaking to a Fidelity customer service representative by receiving a confirmation number.

  

	 	(b)	Unless otherwise stated in an appendix to this Award Agreement (if any), full payment of the exercise price for the Option Shares to be purchased on exercise of the
Options may be made by means of: 

  

	 	(i)	cash or check; or 

  
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	 	(ii)	a “cashless exercise” pursuant to which you (or any other person or persons exercising the Option) shall provide irrevocable instructions to Fidelity (or any
other stock plan administrator designated by Mindspeed) to effect the immediate sale of some or all of the Option Shares purchased at exercise of the Options and to remit to Mindspeed sufficient funds out of the resulting sale proceeds to cover the
aggregate exercise price payable for all the Option Shares purchased plus all applicable Tax-Related Items. The balance of the sale proceeds (in the event of a cashless sell-all exercise) or Option Shares (in the event of a cashless sell-to-cover
exercise), if any, shall be remitted to you. 

  

	 	(c)	In the case of any person other than you seeking to exercise the Options, Fidelity or the Secretary of Mindspeed may refuse to honor the exercise of the Options until
they have received all documents required by them to establish to their satisfaction that the person seeking to exercise the Options is entitled to do so. 

  

	 	(d)	An exercise of the whole or any part of the Options shall be effective (1) upon confirmation of your transaction by Mindspeed or by using the Web system or by
speaking to a Fidelity customer service representative, and full payment of the exercise price and Tax-Related Items (if applicable) being received by Fidelity or Mindspeed within three (3) business days following the confirmation; and
(2) receipt of any documents required pursuant to Section 3(c). 

  

	 	(e)	 An exercise conducted and confirmed through the Web system or by speaking to a Fidelity customer service representative, whether or not full payment of
the exercise price for the Option Shares is received by Fidelity, shall constitute a binding contractual obligation by you (or the other person entitled to exercise the Options) to proceed with and complete that exercise of the Options (but only so
long as you continue, or the other person entitled to exercise the Options continues, to be entitled to exercise the Options on that date). By your acceptance of this Award Agreement, you agree (for yourself and on behalf of any other person who
becomes entitled to exercise the Options) to deliver or cause to be delivered to Fidelity any balance of the exercise price and any Tax-Related Items for the Option Shares to be purchased upon the exercise pursuant to the transaction conducted
through the Web system or by speaking to a Fidelity customer service representative required to pay in full the exercise price for those Option Shares and any Tax-Related Items (as defined in Section 7) on or before the third (3rd) business day after the date on which you confirm the
transaction through the Web system or by speaking to a Fidelity customer service representative. If such payment is not made, you (for yourself and on behalf of any other person who becomes entitled to exercise the Options) authorize Mindspeed,
in its discretion, to set off against salary payments or other 

  
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amounts due or which may become due you (or the other person entitled to exercise the Options) any balance of the exercise price for those Option Shares remaining unpaid thereafter.

  

	4.	Transferability 

 No
Options or portion thereof shall be transferable by you otherwise than: (i) by will or by laws of descent and distribution; (ii) by gift to members of your immediate family; (iii) to a trust established for the benefit of one or more
members of your immediate family; or (iv) as otherwise determined by the Committee. For purposes of the Plan, “immediate family” shall mean your spouse and natural, adopted or step-children and grandchildren. Notwithstanding any
transfer of an Option or portion thereof, the transferred Option shall continue to be subject to the Plan and Award Agreement as were applicable to you immediately prior to the transfer, as if the Option had not been transferred. 

 

	5.	Data Privacy 

You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal
data as described in this document by and among, as applicable, your employer (“Employer”), Mindspeed, its Subsidiaries or affiliates and Fidelity for the exclusive purpose of implementing, administering and managing your participation in
the Plan. 
 You understand that Mindspeed, its Subsidiaries or affiliates and your Employer may hold certain
personal information about you, including, but not limited to, your 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 Mindspeed or its Subsidiaries or affiliates, details of all Options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and
managing the Plan (“Data”). You understand that Data will be transferred to Fidelity, or such other stock plan service provider as may be selected by Mindspeed in the future, or to any other third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country, or elsewhere (e.g., the United States), and that the recipient’s country may have different data privacy laws and protections
than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize Mindspeed, Fidelity and any other possible
recipients which may assist Mindspeed (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes

  
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of implementing, administering and managing your participation in the Plan. You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or withdraw the consents herein, in any case without
cost, by contacting in writing your local human resources representative. You understand that refusing to consent or withdrawal of consent may affect your ability to exercise or realize benefits from the Options. For more information on the
consequences of your refusal to consent or withdrawal of consent, please contact your local human resources representative. 
  

	6.	Nature of Grant 

 In
accepting the grant, you acknowledge that: (i) the Plan is established voluntarily by Mindspeed, is discretionary in nature and may be modified, amended, suspended or terminated by Mindspeed at any time, unless otherwise provided in the Plan or
these Stock Option Terms and Conditions; (ii) the grant of the Options is voluntary and occasional and does not create any contractual or other right to receive future grants of Options, or benefits in lieu of Options even if Options have been
granted repeatedly in the past; (iii) all decisions with respect to any such future grants will be at the sole discretion of Mindspeed; (iv) your participation in the Plan shall not create a right to further employment with your Employer
and shall not interfere with the ability of your Employer to terminate your employment relationship at any time with or without cause; (v) your participation in the Plan is voluntary; (vi) the value of the Options is an extraordinary item
which does not constitute compensation of any kind rendered to Mindspeed or the Employer, and which is outside the scope of your employment contract, if any; (vii) the Options are 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 and in no event should be considered as
compensation for, or relating in any way to, past services for Mindspeed or the Employer; (viii) in the event of termination of your employment (whether or not in breach of local labor laws), your right to receive the Options and vest in the
Options 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 (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), your right to exercise the Options after termination of employment, if any,
will be measured by the date of termination of your active employment and will not be extended by any reasonable notice period mandated under local law; Mindspeed shall have the exclusive discretion to determine when you are no

  
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longer actively employed for purposes of the Option grant; (ix) the Options have been granted to you in your status as an employee of your Employer, and, in the event that your Employer is
not Mindspeed, the Option grant can in no event be understood or interpreted to mean that Mindspeed is your employer or that you have an employment relationship with Mindspeed or any of its Subsidiaries or affiliates; (x) the future value of
the underlying Option Shares is unknown and cannot be predicted with certainty; (xi) if the underlying Option Shares do not increase in value, the Options will have no value; (xii) if you exercise your Options and acquire Option Shares,
the value of those Option Shares acquired may increase or decrease in value, even below the exercise price; (xiii) in consideration of the grant of the Option, no claim or entitlement to compensation or damages arises from termination of the
Options or diminution in value of the Options or Option Shares and you irrevocably release Mindspeed, its Subsidiaries or affiliates and your 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 accepting the Options, you shall be deemed to have waived your entitlement to pursue such claim; (xiv) Mindspeed is not providing any tax, legal or financial advice, nor is Mindspeed
making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Option Shares; and (xv) you are hereby advised to consult with your own personal tax, legal and financial advisors regarding your
participation in the Plan before taking any action related to the Plan. 
  

	7.	Responsibility for Taxes 

Regardless of any action Mindspeed or 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”), you hereby acknowledge and agree that the ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and liability and that Mindspeed
and/or your Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option grant, including, but not limited to, the grant, vesting or exercise of the Options,
the subsequent sale of Option Shares and the receipt of any dividends; and (b) do not commit to structure the terms of the grant or any aspect of the Options to reduce or eliminate your liability for Tax-Related Items. 

You hereby authorize Mindspeed and/or the Employer, at their discretion, to satisfy the obligations with regard to all Tax-Related Items
legally payable by you by deducting from the proceeds of the sale of Option Shares acquired upon exercise of the Options an amount equal to the Tax Related Items with respect to such Options or to require you (or any other person entitled to
exercise the Options) to pay to it an amount sufficient to provide for any such Tax Related Items due in connection with the Options. Alternatively, or in addition, Mindspeed and/or the Employer, may, at their discretion, satisfy the obligations
with regard to all Tax-Related Items legally payable by you by (i)

  
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withholding from your wages or other cash compensation paid to you by Mindspeed and/or the Employer; or (ii) arranging for the sale of a certain number of Option Shares acquired upon
exercise of the Option (on your behalf and at your direction pursuant to this authorization) and withholding from the sale proceeds any sums required to satisfy all Tax-Related Items; or (iii) withholding in Option Shares, provided that
Mindspeed only withholds the amount of Option Shares necessary to satisfy the minimum withholding amount. If the obligation for Tax-Related Items is satisfied by withholding in Option Shares, you will be deemed to have been issued the full number of
Option Shares subject to the exercise Option, notwithstanding that a number of the Option Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Option. 

By your acceptance of this Award Agreement, you agree (for yourself and on behalf of any other person who becomes entitled to exercise the
Options) that if Mindspeed and/or the Employer elects to require you (or such other person) to remit an amount sufficient to pay such Tax Related Items, you (or such other person) must remit that amount within three (3) business days after the
confirmation of the Option exercise (Section 3(a)(ii)). If such payment is not made, Mindspeed, in its discretion, shall have the same right of set-off with respect to payment of the Tax Related Items in connection with the exercise of the Option as
provided under Section 3(d) with respect to payment of the exercise price. 
 Finally, you agree to pay Mindspeed and/or the
Employer any amount of Tax-Related Items that Mindspeed and/or the Employer may be required to withhold as a result of your participation in the Plan or your purchase of Option Shares that cannot be satisfied by any of the means previously
described. Mindspeed may refuse to honor the exercise and refuse to deliver the Option Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in this section. 

 

	8.	Rights as Shareholder 

You will not have any rights as a shareholder with respect to any Option Shares. No dividends or dividend equivalents will be paid by
Mindspeed with respect to any Stock underlying the Option Shares. 
  

	9.	Headings 

 The section
headings contained in these Stock Option Terms and Conditions are solely for the purpose of reference, are not part of the agreement of the parties and shall in no way affect the meaning or interpretation of this Award Agreement. 

  
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	10.	References 

 All
references in these Stock Option Terms and Conditions to sections, paragraphs, subparagraphs or clauses shall be deemed to be references to sections, paragraphs, subparagraphs and clauses of these Stock Option Terms and Conditions unless otherwise
specifically provided. 
  

	11.	Appendix 

 Notwithstanding
any provision in these Stock Options Terms and Conditions or the Plan, the Options shall be subject to any special terms and conditions as set forth in the appendix to these Stock Options Terms and Conditions for your country of residence, if any.
The appendix, if any, constitutes part of these Stock Options Terms and Conditions. 
  

	12.	Entire Agreement 

 This
Award Agreement and the Plan embody the entire agreement and understanding between Mindspeed and you with respect to the Options, and there are no representations, promises, covenants, agreements or understandings with respect to the Options other
than those expressly set forth in this Award Agreement and the Plan. 
  

	13.	Applicable Laws and Regulations 

 The Option grant and the provisions of this Award Agreement are governed by, and subject to, the laws of the State of Delaware, without regard to its conflicts of laws principles, as provided in the Plan.
For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and
agree that such litigation shall be conducted only in the courts of Orange County, California, or the federal courts for the United States for the Central District of California, and no other courts, where this grant is to be made and/or to be
performed. If you have received this Award Agreement or any other documents 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.

  

	14.	Severability 

 If one or
more of the provisions of this Award Agreement 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
Award Agreement to be construed so as to foster the intent of the Award Agreement and the Plan. 

  
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	15.	Electronic Delivery 

Mindspeed 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, and/or to request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, agree to
participate in the Plan through an on-line or electronic system established and maintained by Mindspeed or a third party designated by Mindspeed. 
  

	16.	Language 

 If you received
these Stock Option 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. 

  
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 10EX-10.5

 Exhibit 10.5 
 [Date] 
 [First Name, Last Name] 
 [Address] 
 City, State, Zip 
 Global ID Number: XXX-XX-[Last 4 digits] 
 Dear [First Name]: 

We are pleased to notify you that the Board of Directors of Mindspeed Technologies, Inc. (the “Company”) has granted you the following Stock
Option Award. 
  

									
	 Grant Date
	  	Granted from Mindspeed Plan	  	Option Type	  	Option Price	 	Number of Options
	 [Date]
	  	Inducement Incentive Plan	  	Non-Qualified	  	$[Price]	 	[# of options]

 This Stock Option Award (this “Award”) has been granted pursuant to, and is controlled by: (i) the
Mindspeed Technologies, Inc. Inducement Incentive Plan (the “Plan”); (ii) the Stock Option Terms and Conditions (the “Plan Terms”); and (iii) this Award. This Award may be exercised only upon the terms and conditions of
the Plan and the Plan Terms. The Plan and the Plan Terms are incorporated into this Award as if fully set forth herein. 
 The options may be
exercised, in whole or in part (but only for a whole number of shares) and at one time or from time to time per the vesting schedule below. All exercises must take place at least one day prior to the expiration of the Option. The number of shares
you may purchase as of any date cannot exceed the total number of shares vested by that date, less any shares you have previously acquired by exercising this Option. 
  

			
		 	Vesting Schedule:
		 	[Vesting Schedule]

 All documents relating to this Award are available for viewing and printing on the Human Resources Department Website. To
access this information, please go to Mindspeed MyNet, select Directory, Site Directory, Human Resources, Stock Administration. The documents available for viewing and printing at this website location are the Plan, the Plan Terms, the most recent
Plan Prospectus, the Company’s most recent Annual Report on Form 10-K and the Company’s Insider Trading Policy. If you choose not to download these documents, if you do not have access to Mindspeed MyNet or if you encounter problems
accessing this site, please contact Stock Administration at (949) 579-4525 or stock.admin@mindspeed.com to receive paper copies of these documents at no cost. Please read all documents carefully. 

If you have any questions regarding this grant, please contact Stock Administration at (949) 579-4525 or via email at stock.admin@mindspeed.com.

  

	
	MINDSPEED TECHNOLOGIES, INC.

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