Document:

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                                                                   Exhibit 10.61

                             1999 PROXIM CORPORATION
                              STOCK INCENTIVE PLAN
                        (amended and restated June 2002)

         1.       Purpose of the Plan

                  The purpose of the Plan is to aid the Company and its
Affiliates in recruiting and retaining key employees, directors or consultants
of outstanding ability and to motivate such employees, directors or consultants
to exert their best efforts on behalf of the Company and its Affiliates by
providing incentives through the granting of Awards. The Company expects that it
will benefit from the added interest which such key employees, directors or
consultants will have in the welfare of the Company as a result of their
proprietary interest in the Company's success.

         2.       Definitions

                  The following capitalized terms used in the Plan have the
respective meanings set forth in this Section:

                  (a)      Act: The Securities Exchange Act of 1934, as amended,
or any successor thereto.

                  (b)      Affiliate: With respect to the Company, any entity
directly or indirectly controlling, controlled by, or under common control with,
the Company or any other entity designated by the Board in which the Company or
an Affiliate has an interest.

                  (c)      Award: An Option or Other Stock-Based Award granted
pursuant to the Plan.

                  (d)      Beneficial Owner: A "beneficial owner", as such term
is defined in Rule 13d-3 under the Act (or any successor rule thereto).

                  (e)      Board: The Board of Directors of the Company.

                  (f)      Code: The Internal Revenue Code of 1986, as amended,
or any successor thereto.

                  (g)      Committee: The Compensation Committee of the Board.

                  (h)      Change in Control: The occurrence of any of the
                           following events:

                           (i)      any Person (other than Ripplewood Holdings
L.L.C. ("Ripplewood Holdings"), an Affiliate of Ripplewood Holdings L.L.C., or
any Person holding securities representing 10% or more of the combined voting
power of the Company's outstanding securities as of the Effective Date, the
Company, any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, or any company owned, directly or indirectly, by
the stockholders of the Company in substantially the same proportions as their
ownership of stock of the

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Company), becomes the Beneficial Owner, directly or indirectly, of
securities of the Company, representing 50% or more of the combined voting power
of the Company's then-outstanding securities;

                           (ii)     during any period of twenty-four consecutive
months (not including any period prior to the Effective Date), individuals who
at the beginning of such period constitute the Board, and any new director
(other than (A) a director nominated by a Person who has entered into an
agreement with the Company to effect a transaction described in Sections
2(e)(i), (iii), (iv) or (v) of the Plan or (B) a director nominated by any
Person (including the Company) who publicly announces an intention to take or to
consider taking actions (including, but not limited to, an actual or threatened
proxy contest) which if consummated would constitute a Change in Control) whose
election by the Board or nomination for election by the Company's stockholders
was approved by a vote of at least two-thirds (2/3) of the directors then still
in office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved, cease for any
reason to constitute at least a majority thereof;

                           (iii)    the consummation of any transaction or
series of transactions under which the Company is merged or consolidated with
any other company, other than a merger or consolidation which would result in
the stockholders of the Company immediately prior thereto continuing to own
(either by remaining outstanding or by being converted into voting securities of
the surviving entity or its parent) more than 50% of the combined voting power
of the voting securities of the Company or such surviving entity (or its parent)
outstanding immediately after such merger or consolidation; or

                           (iv)     the complete liquidation of the Company or
the sale or disposition by the Company of all or substantially all of the
Company's assets, other than a liquidation of the Company into a wholly owned
subsidiary.

                  (i)      Company: Proxim Corporation, a Delaware corporation.

                  (j)      Effective Date: The date the Board approves the Plan
or the date the Plan is approved by the Company's stockholders, whichever is
earlier.

                  (k)      Fair Market Value: On a given date, the value per
Share determined as follows:

                           (i)      If the Shares are listed on any established
stock exchange or a national market system, including without limitation the
National Market System of the National Association of Securities Dealers, Inc.
Automated Quotation ("NASDAQ") System, the Fair Market Value of a Share shall be
the closing sales price for such Shares (or the closing bid, if no sales were
reported) as quoted on such system or exchange (or the exchange with the
greatest volume of trading in the Shares) on the last market trading day prior
to the day of determination, as reported in The Wall Street Journal or such
other source as the Committee deems reliable;

                           (ii)     If the Shares are quoted on the NASDAQ
System (but not on the National Market System thereof) or are regularly quoted
by a recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share shall be the mean between the high bid and

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low asked prices for a Share on the last market trading day prior to the day of
determination, as reported in The Wall Street Journal or such other source as
the Committee deems reliable; or

                           (iii)    In the absence of an established market for
the Shares, the Fair Market Value shall be determined in good faith by the
Committee.

                  (l)      ISO: An Option that is also an incentive stock option
granted pursuant to Section 6(d) of the Plan.

                  (m)      Other Stock-Based Awards: Awards granted pursuant to
Section 7 of the Plan.

                  (n)      Option: A stock option granted pursuant to Section 6
of the Plan.

                  (o)      Option Price: The purchase price per Share of an
Option, as determined pursuant to Section 6(a) of the Plan.

                  (p)      Participant: An employee, director or consultant of
the Company or any Affiliate who is selected by the Committee to participate in
the Plan.

                  (q)      Performance-Based Awards: Certain Other Stock-Based
Awards granted pursuant to Section 7(b) of the Plan.

                  (r)      Permanent Disability: Inability of a Participant to
perform in all material respects his duties and responsibilities to the Company,
or any Subsidiary of the Company, by reason of a physical or mental disability
or infirmity which inability is reasonably expected to be permanent and has
continued (i) for a period of six consecutive months or (ii) such shorter period
as the Committee may reasonably determine in good faith. The Permanent
Disability determination shall be in the sole discretion of the Committee and a
Participant (or his representative) shall furnish the Committee with medical
evidence documenting the Participant's disability or infirmity that is
satisfactory to the Committee.

                  (s)      Person: A "person", as such term is used for purposes
of Section 13(d) or 14(d) of the Act (or any successor section thereto).

                  (t)      Plan: The 1999 Proxim Corporation Stock Incentive
Plan.

                  (u)      Shares: Shares of Class A common stock of the
Company.

                  (v)      Subsidiary: A subsidiary corporation, as defined in
Section 424(f) of the Code (or any successor section thereto).

         3.       Shares Subject to the Plan

                  The total number of Shares that may be issued under the Plan,
the number of which includes prior stockholder approved share increases, is
13,500,000. The Shares may consist, in whole or in part, of unissued Shares or
treasury Shares. The issuance of Shares or the payment of

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cash upon the exercise of an Award shall reduce the total number of Shares
available under the Plan, as applicable. Shares that are subject to Awards that
terminate or lapse may be granted again under the Plan.

         4.       Administration

                  (a)      The Plan shall be administered by the Committee,
which may delegate its duties and powers in whole or in part to any subcommittee
thereof consisting solely of at least two individuals who are intended to
qualify as "non-employee directors" within the meaning of Rule 16b-3 under the
Act (or any successor rule thereto) and "outside directors" within the meaning
of Section 162(m) of the Code (or any successor section thereto). Awards may, in
the discretion of the Committee, be made under the Plan in assumption of, or in
substitution for, outstanding awards previously granted by the Company or its
affiliates or a company acquired by the Company or with which the Company
combines. The number of Shares underlying such substitute awards shall be
counted against the aggregate number of Shares available for Awards under the
Plan. The Committee is authorized to interpret the Plan, to establish, amend and
rescind any rules and regulations relating to the Plan, and to make any other
determinations that it deems necessary or desirable for the administration of
the Plan. The Committee may correct any defect or supply any omission or
reconcile any inconsistency in the Plan in the manner and to the extent the
Committee deems necessary or desirable. Any decision of the Committee in the
interpretation and administration of the Plan, as described herein, shall lie
within its sole and absolute discretion and shall be final, conclusive and
binding on all parties concerned (including, but not limited to, Participants
and their beneficiaries or successors). The Committee shall have the full power
and authority to establish the terms and conditions of any Award consistent with
the provisions of the Plan and to waive any such terms and conditions at any
time (including, without limitation, accelerating or waiving any vesting
conditions). The Committee shall require payment of any amount it may determine
to be necessary to withhold for federal, state, local or other taxes as a result
of the exercise of an Award. Unless the Committee specifies otherwise, the
Participant may elect to pay a portion or all of such withholding taxes by (a)
delivery in Shares or (b) having Shares withheld by the Company from any Shares
that would have otherwise been received by the Participant.

         5.       Limitations

                  No Award may be granted under the Plan after the tenth
anniversary of the Effective Date, but Awards theretofore granted may extend
beyond that date.

         6.       Terms and Conditions of Options

                  Options granted under the Plan shall be, as determined by the
Committee, non-qualified or incentive stock options for federal income tax
purposes, as evidenced by the related Award agreements, and shall be subject to
the foregoing and the following terms and conditions and to such other terms and
conditions, not inconsistent therewith, as the Committee shall determine:

                  (a)      Option Price. The Option Price per Share shall be
determined by the Committee, but shall not be less than 100% of the Fair Market
Value of the Shares on the date an

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Option is granted; provided, however, that the Option Price per Share for ISOs
shall be as provided for in Section 6(d).

                  (b)      Exercisability. Options granted under the Plan shall
be exercisable at such time and upon such terms and conditions as may be
determined by the Committee.

                  (c)      Exercise of Options. Except as otherwise provided in
the Plan or in an Award agreement, an Option may be exercised for all, or from
time to time any part, of the Shares for which it is then exercisable. For
purposes of Section 6 of the Plan, the exercise date of an Option shall be the
later of the date a notice of exercise is received by the Company and, if
applicable, the date payment is received by the Company pursuant to clauses (i),
(ii) or (iii) in the following sentence. The purchase price for the Shares as to
which an Option is exercised shall be paid to the Company in full at the time of
exercise at the election of the Participant (i) in cash or its equivalent (e.g.,
by check), (ii) in Shares having a Fair Market Value equal to the aggregate
Option Price for the Shares being purchased and satisfying such other
requirements as may be imposed by the Committee; provided, that such Shares have
been held by the Participant for no less than six months (or such other period
as established from time to time by the Committee or generally accepted
accounting principles), (iii) partly in cash and partly in such Shares or (iv)
through the delivery of irrevocable instruments to a broker to deliver promptly
to the Company an amount equal to the aggregate option price for the shares
being purchased. No Participant shall have any rights to dividends or other
rights of a stockholder with respect to Shares subject to an Option until the
Participant has given written notice of exercise of the Option, paid in full for
such Shares and, if applicable, has satisfied any other conditions imposed by
the Committee pursuant to the Plan.

                  (d)      ISOs. The Committee may grant Options under the Plan
that are intended to be ISOs. Such ISOs shall comply with the requirements of
Section 422 of the Code (or any successor section thereto). No ISO may be
granted to any Participant who at the time of such grant, owns more than ten
percent of the total combined voting power of all classes of stock of the
Company or of any Subsidiary, unless (i) the Option Price for such ISO is at
least 110% of the Fair Market Value of a Share on the date the ISO is granted
and (ii) the date on which such ISO terminates is a date not later than the day
preceding the fifth anniversary of the date on which the ISO is granted. Any
Participant who disposes of Shares acquired upon the exercise of an ISO either
(i) within two years after the date of grant of such ISO or (ii) within one year
after the transfer of such Shares to the Participant, shall notify the Company
of such disposition and of the amount realized upon such disposition.

                  (e)      Attestation. Wherever in this Plan or any agreement
evidencing an Award a Participant is permitted to pay the exercise price of an
Option or taxes relating to the exercise of an Option by delivering Shares, the
Participant may, subject to procedures satisfactory to the Committee, satisfy
such delivery requirement by presenting proof of beneficial ownership of such
Shares, in which case the Company shall treat the Option as exercised without
further payment and shall withhold such number of Shares from the Shares
acquired by the exercise of the Option.

         7.       Other Stock-Based Awards

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         (a)      Generally. The Committee, in its sole discretion, may grant
Awards of Shares or Awards of restricted Shares ("Other Stock-Based Awards").
Such Other Stock-Based Awards shall be in such form, and dependent on such
conditions, as the Committee shall determine, including, without limitation, the
right to receive one or more Shares (or the equivalent cash value of such
Shares) upon the completion of a specified period of service, the occurrence of
an event and/or the attainment of performance objectives. Other Stock-Based
Awards may be granted alone or in addition to any other Awards granted under the
Plan. Subject to the provisions of the Plan, the Committee shall determine to
whom and when Other Stock-Based Awards will be made, the number of Shares to be
awarded under (or otherwise related to) such Other Stock-Based Awards; whether
such Other Stock-Based Awards shall be settled in cash, Shares or a combination
of cash and Shares; and all other terms and conditions of such Awards
(including, without limitation, the vesting provisions thereof and provisions
ensuring that all Shares so awarded and issued shall be fully paid and
non-assessable).

         (b)      Performance-Based Awards. Notwithstanding anything to the
contrary herein, certain Other Stock-Based Awards granted under this Section 7
may be granted in a manner which is deductible by the Company under Section
162(m) of the Code (or any successor section thereto) ("Performance- Based
Awards"). A Participant's Performance-Based Award shall be determined based on
the attainment of written performance goals approved by the Committee for a
performance period established by the Committee (i) while the outcome for that
performance period is substantially uncertain and (ii) no more than 90 days
after the commencement of the performance period to which the performance goal
relates or, if less, the number of days which is equal to 25 percent of the
relevant performance period. The performance goals, which must be objective,
shall be based upon one or more of the following criteria: (i) consolidated
earnings before or after taxes (including earnings before interest, taxes,
depreciation and amortization); (ii) net income; (iii) operating income; (iv)
earnings per Share; (v) book value per Share; (vi) return on stockholders'
equity; (vii) expense management; (viii) return on investment; (ix) improvements
in capital structure; (x) profitability of an identifiable business unit or
product; (xi) maintenance or improvement of profit margins; (xii) stock price;
(xiii) market share; (xiv) revenues or sales; (xv) costs; (xvi) cash flow;
(xvii) working capital and (xviii) return on assets. The foregoing criteria may
relate to the Company, one or more of its Subsidiaries or one or more of its
divisions or units, or any combination of the foregoing, and may be applied on
an absolute basis and/or be relative to one or more peer group companies or
indices, or any combination thereof, all as the Committee shall determine. In
addition, to the degree consistent with Section 162(m) of the Code (or any
successor section thereto), the performance goals may be calculated without
regard to extraordinary items. The Committee shall determine whether, with
respect to a performance period, the applicable performance goals have been met
with respect to a given Participant and, if they have, to so certify and
ascertain the amount of the applicable Performance-Based Award. No
Performance-Based Awards will be paid for such performance period until such
certification is made by the Committee. The amount of the Performance-Based
Award actually paid to a given Participant may be less than the amount
determined by the applicable performance goal formula, at the discretion of the
Committee. A Performance- Based Award shall include a maximum performance level
above which no increased payment will be made. The amount of the
Performance-Based Award determined by the Committee for a performance period
shall be paid to the Participant at such time as determined by the Committee in
its sole discretion after the end of such performance period; provided, however,
that a Participant may, if and to the extent permitted by the Committee and
consistent with the

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provisions of Section 162(m) of the Code, elect to defer receipt of a
Performance-Based Award. In the case of an Option that is intended to constitute
a Performance-Based Award: (i) no Participant shall be granted, in any fiscal
year of the Company, an Option to purchase more than 1,500,000 Shares, provided,
however, that (ii) in connection with his or her initial service with the
Company, a Participant may be granted an Option to purchase up to an additional
1,500,000 Shares, which shall not count against the limit set forth in
subsection (i) above, (iii) the foregoing limitations shall be adjusted
proportionately in connection with any change in the Company's capitalization as
described in Section 8(a), and (iv) if an Option is cancelled in the same fiscal
year of the Company in which it was granted (other than in connection with a
transaction described in Section 8(a)), the cancelled Option will be counted
against the limits set forth in subsections (i) and (ii) above, and for this
purpose, if the Option Price of an Option is reduced, the transaction will be
treated as a cancellation of the Option and the grant of a new Option.

         8.       Adjustments Upon Certain Events

         Notwithstanding any other provisions in the Plan to the contrary, the
following provisions shall apply to all Awards granted under the Plan:

                  (a)      Generally. In the event of any change in the
outstanding Shares after the Effective Date by reason of any Share dividend or
split, reverse Share split reorganization, recapitalization, merger,
consolidation, spin-off, reclassification, combination or transaction or
exchange of Shares or other corporate exchange, or any distribution to
stockholders of Shares other than regular cash dividends or any transaction
similar to the foregoing, the Committee in its sole discretion and without
liability to any person may make such substitution or adjustment, if any, as it
deems to be equitable, as to (i) the number or kind of Shares or other
securities issued or reserved for issuance pursuant to the Plan or pursuant to
outstanding Awards, (ii) the Option Price and/or (iii) any other affected terms
of such Awards.

                  (b)      Change in Control. In the event of a Change of
Control after the Effective Date, (i) the Committee may, but shall not be
obligated to, provide that any outstanding Awards then held by Participants
which are unexercisable or otherwise unvested shall automatically be deemed
exercisable or otherwise vested, as the case may be, as of immediately prior to
such Change of Control and (ii) the Committee may, but shall not be obligated
to, make provision for a cash payment to the holder of an outstanding Award in
consideration for the cancellation of such Award which, in the case of Options
shall equal the excess, if any, of the Fair Market Value of the Shares subject
to such Options over the aggregate exercise price of such Options.

         9.       No Right to Employment or Awards

                  The granting of an Award under the Plan shall impose no
obligation on the Company or any Subsidiary to continue the employment or
service or consulting relationship of a Participant and shall not lessen or
affect the Company's or Subsidiary's right to terminate the employment or
service or consulting relationship of such Participant. No Participant or other
Person shall have any claim to be granted any Award, and there is no obligation
for uniformity of treatment of Participants, or holders or beneficiaries of
Awards. The terms and conditions of Awards and the Committee's

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determinations and interpretations with respect thereto need not be the same
with respect to each Participant (whether or not such Participants are similarly
situated).

         10.      Successors and Assigns

                  The Plan shall be binding on all successors and assigns of the
Company and a Participant, including without limitation, the estate of such
Participant and the executor, administrator or trustee of such estate, or any
receiver or trustee in bankruptcy or representative of the Participant's
creditors.

         11.      Nontransferability of Awards

                  Unless otherwise determined by the Committee, an Award shall
not be transferable or assignable by the Participant otherwise than by will or
by the laws of descent and distribution; provided, however, that in no event
shall an Option be transferable or assignable by the Participant otherwise than
by will or by the laws of descent and distribution or, under certain
circumstances pursuant to applicable law (including, without limitation, gifts
to "immediate family" members). An Award exercisable after the death of a
Participant may be exercised by the legatees, personal representatives or
distributees of the Participant.

         12.      Amendments or Termination

                  The Board may amend, alter or discontinue the Plan at any
time, but no amendment, alteration or discontinuation shall be made which, (a)
without the approval of the stockholders of the Company, would (except as is
provided in Section 8 of the Plan), increase the total number of Shares reserved
for the purposes of the Plan or change the maximum number of Shares for which
Awards may be granted to any Participant or (b) without the consent of a
Participant, would impair any of the rights or obligations under any Award
theretofore granted to such Participant under the Plan; provided, however, that
the Committee may amend the Plan in such manner as it deems necessary to permit
the granting of Awards meeting the requirements of the Code or other applicable
laws.

         13.      Choice of Law

                  The Plan shall be governed by and construed in accordance
with the laws of the State of Delaware without regard to conflicts of laws.

14.      Effectiveness of the Plan

                  The Plan shall be effective as of the Effective Date, subject
to the approval of the stockholders of the Company, which shall be obtained
within twelve months of the Effective Date.

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                                                                   Exhibit 10.62

                               PROXIM CORPORATION

                  1999 PROXIM CORPORATION STOCK INCENTIVE PLAN

                             STOCK OPTION AGREEMENT

         Unless otherwise defined herein, the terms defined in the 1999 Proxim
Corporation Stock Incentive Plan shall have the same defined meanings in the
Stock Option Agreement.

I.       NOTICE OF STOCK OPTION GRANT

         [OPTIONEE'S NAME AND ADDRESS]

         You have been granted an option to purchase the common stock of the
Company ("Common Stock"), subject to the terms and conditions of the Plan and
this option agreement (the "Option Agreement"), as follows:

         Grant Number                     ______________________________________

         Date of Grant                    ______________________________________

         Vesting Commencement Date        ______________________________________

         Exercise Price per Share         $_____________________________________

         Total Number of Shares Granted   ______________________________________

         Total Exercise Price             $_____________________________________

         Type of Option:                  ________ Incentive Stock Option
                                          ________ Nonstatutory Stock Option

         Term/Expiration Date:            ______________________________________

         Vesting Schedule:

         Subject to the Optionee's continued employment or consultancy by the
Company on such dates, this Option shall vest and become exercisable in
accordance with the following schedule:

         [ONE-THIRD OF THE SHARES SUBJECT TO THE OPTION SHALL VEST TWELVE MONTHS
AFTER THE VESTING COMMENCEMENT DATE, AND 1/36TH OF THE SHARES SUBJECT TO THE
OPTION SHALL VEST EACH MONTH THEREAFTER.]

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II.      AGREEMENT

         The Committee hereby designates the undersigned as a Participant and
grants to the undersigned (the "Optionee") an 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, subject to the terms and conditions of the Plan,
which is incorporated herein by reference, and this Option Agreement.

         If designated in the Notice of Grant as an Incentive Stock Option
("ISO"), this Option is intended to qualify as an Incentive Stock Option under
Section 422 of the Code. However, if this Option is intended to be an Incentive
Stock Option, to the extent that it exceeds the $100,000 rule of Code Section
422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

                                    ARTICLE I

                                   DEFINITIONS

         Whenever the following terms are used in this Option Agreement, they
shall have the meaning specified in the Plan or below unless the context clearly
indicates to the contrary.

         Section 1.1 Applicable Laws

         "Applicable Laws" shall mean the requirements relating to the
administration of stock option plans under U.S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Shares are listed or quoted and the applicable laws of any
foreign country or jurisdiction where Options are, or will be, granted under the
Plan.

         Section 1.2 Grant Date

         "Grant Date" shall mean the date the Option is granted, as set forth in
the Notice of Grant.

         Section 1.3 Option

         "Option" shall mean an option to purchase Shares granted under this
Option Agreement.

         Section 1.4 Permanent Disability

         "Permanent Disability" shall have the same meaning as such term is
defined in the Plan.

         Section 1.5 Plan

         "Plan" shall mean the 1999 Proxim Corporation Stock Incentive Plan.

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                                   ARTICLE II

                                GRANT OF OPTION

         Section 2.1 Grant of Option

         For good and valuable consideration, on and as of the date hereof, the
Company grants to the Optionee an Option to purchase any part or all of an
aggregate of the number of shares set forth with respect to such Option in the
Notice of Grant of its Shares upon the terms and conditions set forth in this
Option Agreement, subject to the terms and conditions of the Plan which is
incorporated herein by reference. In the event of a conflict between the terms
and conditions of the Plan and the terms and conditions of the Option Agreement,
the terms and conditions of the Plan shall prevail.

         Section 2.2 Exercise Price

         Subject to Section 2.4, the exercise price of the Shares covered by the
Option shall be determined at the time of grant and shall be such per share
exercise price as is set forth in the Notice of Grant, attached hereto.

         Section 2.3 Consideration to the Company

         In consideration of the granting of this Option by the Company, the
Optionee agrees to render faithful and efficient services to the Company, with
such duties and responsibilities as the Company shall from time to time
prescribe. Nothing in this Option Agreement or in the Plan shall confer upon the
Optionee any right to continue in the employ of the Company or shall interfere
with or restrict in any way the rights of the Company, which are hereby
expressly reserved, to terminate the employment of the Optionee at any time for
any reason whatsoever, with or without cause.

         Section 2.4 Adjustments to Option Pursuant to Merger, Consolidation,
etc.

         Subject to Section 8 of the Plan, in the event that the outstanding
shares of the stock subject to an Option are, from time to time, changed into or
exchanged for a different number or kind of shares of the Company or other
securities of the Company by reason of a merger, consolidation,
recapitalization, reclassification, stock split, stock dividend, combination of
shares, or otherwise, the Committee shall make an appropriate and equitable
adjustment in the number and kind of shares and/or the amount of consideration
as to which or for which, as the case may be, such Option, or portions thereof
then unexercised, shall be exercisable. Any such adjustment made by the
Committee shall be final and binding upon the Optionee, the Company and all
other interested persons.

                                  ARTICLE III

                            PERIOD OF EXERCISABILITY

         Section 3.1 Commencement of Exercisability

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                  (a)      The Option shall become vested and exercisable
pursuant to the vesting schedule set forth in the Notice of Grant.

                  (b)      Notwithstanding the foregoing, no Option shall become
exercisable as to any additional Shares following the termination of employment
of the Optionee for any reason and any Option (other than as provided in the
next succeeding sentence) which is not exercisable as of the Optionee's
termination of employment shall be immediately canceled.

         Section 3.2 Expiration of Option. The Option may not be exercised to
any extent by the Optionee after the first to occur of the following events:

                  (a)      The close of business on the tenth anniversary of the
Grant Date (as set forth in the Notice of Grant); or

                  (b)      The first anniversary of the date of the Optionee's
termination of employment by reason of death or Permanent Disability; or

                  (c)      Ninety (90) days after the date of the Optionee's
termination of employment for any reason other than death or Permanent
Disability; or

                  (d)      If the Committee so determines pursuant to Section 8
of the Plan, the effective date of either the merger or consolidation of the
Company into another Person, or the exchange or acquisition by another Person of
all or substantially all of the Company's assets or 80% or more of its then
outstanding voting stock, or the recapitalization, reclassification, liquidation
or dissolution of the Company. At least ten (10) days prior to the effective
date of such merger, consolidation, exchange, acquisition, recapitalization,
reclassification, liquidation or dissolution, the Committee shall give the
Optionee notice of such event if the Option has then neither been fully
exercised nor become unexercisable under this Section 3.2.

                                   ARTICLE IV

                               EXERCISE OF OPTION

         Section 4.1 Person Eligible to Exercise

         During the lifetime of the Optionee, only he or she may exercise an
Option or any portion thereof. After the death of the Optionee, any exercisable
portion of an Option may, prior to the time when an Option becomes unexercisable
under Section 3.2, be exercised by his personal representative or by any person
empowered to do so under the Optionee's will or under the then applicable laws
of descent and distribution.

         Section 4.2 Partial Exercise

         Any exercisable portion of an Option or the entire Option, if then
wholly exercisable, may be exercised in whole or in part at any time prior to
the time when the Option or portion thereof

                                                                             -4-

<PAGE>

becomes unexercisable under Section 3.2; provided, however, that any partial
exercise shall be for whole Shares only.

         Section 4.3 Manner of Exercise

         An Option, or any exercisable portion thereof, may be exercised solely
by delivering to the Company's Stock Plan Administration Department all of the
following prior to the time when the Option or such portion becomes
unexercisable under Section 3.2:

                  (a)      An exercise notice, in the form attached as Exhibit A
(the "Exercise Notice"), which shall 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 and Applicable
Laws.

                  (b)      Full payment (in cash, by check or by a combination
thereof) for the shares with respect to which such Option or portion thereof is
exercised;

                  (c)      Full payment to the Company of all amounts which,
under federal, state or local law, it is required to withhold upon exercise of
the Option; and

                  (d)      In the event the Option or portion thereof shall be
exercised pursuant to Section 4.1 by any person or persons other than the
Optionee, appropriate proof of the right of such person or persons to exercise
the option.

         No Shares shall be issued pursuant to the exercise of this Option
unless such issuance and exercise complies with Applicable Laws. Assuming such
compliance with Applicable Laws, for income tax purposes the Exercised Shares
shall be considered transferred to the Optionee on the date the Option is
exercised with respect to such Exercised Shares.

         Section 4.4 Conditions to Issuance of Stock Certificates

         The Shares deliverable upon the exercise of an Option, or any portion
thereof, may be either previously authorized but unissued shares or issued
shares which have then been reacquired by the Company. Such shares shall be
fully paid and nonassessable. The Company shall not be required to issue or
deliver any certificate or certificates for Shares purchased upon the exercise
of an Option or portion thereof prior to fulfillment of all of the following
conditions:

                  (a)      The obtaining of approval or other clearance from any
state or federal governmental agency which the Committee shall, in its absolute
discretion, determine to be necessary or desirable; and

                  (b)      The lapse of such reasonable period of time following
the exercise of the Option as the Committee may from time to time establish for
reasons of administrative convenience.

         Section 4.5 Rights as Stockholder

                                                                             -5-

<PAGE>

         The holder of an Option shall not be, nor have any of the rights or
privileges of, a stockholder of the Company in respect of any shares purchasable
upon the exercise of the Option or any portion thereof unless and until
certificates representing such shares shall have been issued by the Company to
such holder.

                                   ARTICLE V

                                 MISCELLANEOUS

         Section 5.1 Administration

         The Committee shall have the power to interpret the Plan and this
Option 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. All actions taken and all interpretations and
determinations made by the Committee shall be final and binding upon the
Optionee, the Company and all other interested persons. No member of the
Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or the Option. In its
absolute discretion, the Board of Directors may at any time and from time to
time exercise any and all rights and duties of the Committee under the Plan and
this Option Agreement.

         Section 5.2 Notice of Disqualifying Disposition of ISO Shares Option
Not Transferable

         If the Option granted to Optionee herein is an ISO, and if Optionee
sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on
or before the later of (1) the date two years after the Date of Grant, or (2)
the date one year after the date of exercise, the Optionee shall immediately
notify the Company in writing of such disposition. Optionee agrees that Optionee
may be subject to income tax withholding by the Company on the compensation
income recognized by the Optionee.

         Section 5.3 Option Not Transferable

         Unless otherwise determined by the Committee, this Option may not be
transferred or assigned by the Optionee in any manner other than by will or by
the laws of descent and distribution. The terms of the Plan and this Option
Agreement shall be binding upon the executors, administrators, heirs, successors
and assigns of the Optionee.

         Section 5.4 Shares to Be Reserved

         The Company shall at all times during the term of the Option reserve
and keep available such number of Shares as will be sufficient to satisfy the
requirements of this Option Agreement.

         Section 5.5 Notices

         Any notice to be given under the terms of this Option Agreement to the
Company shall be addressed to the Company in care of its Stock Plan
Administration Department, and any notice to be given to the Optionee shall be
addressed to him at the address given beneath his signature hereto.

                                                                             -6-

<PAGE>

By a notice given pursuant to this Section 5.5, either party may hereafter
designate a different address for notices to be given to him. Any notice which
is required to be given to the Optionee shall, if the Optionee is then deceased,
be given to the Optionee's personal representative if such representative has
previously informed the Company of his status and address by written notice
under this Section 5.5. Any notice shall have been deemed duly given when
enclosed in a properly sealed envelope or wrapper addressed as aforesaid,
deposited (with postage prepaid) in a post office or branch post office
regularly maintained by the United States Postal Service.

         Section 5.6 Titles

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

         Section 5.7 Amendment

         This Option Agreement may be amended only by a writing executed by the
parties hereto, which specifically states that it is amending this Option
Agreement.

         Section 5.8 Governing Law

         The laws of the State of Delaware (or if the Company reincorporates in
another state, the laws of that state) shall govern the interpretation, validity
and performance of the terms of this Option Agreement regardless of the law that
might be applied under principles of conflicts of laws.

         Section 5.9 Jurisdiction

         Any suit, action or proceeding against the Optionee with respect to
this Option Agreement, or any judgment entered by any court in respect of any
thereof, may be brought in any court of competent jurisdiction in the State of
Delaware (or if the Company reincorporates in another state, in that state) or
California, as the Company may elect in its sole discretion, and the Optionee
hereby submits to the non-exclusive jurisdiction of such courts for the purpose
of any such suit, action, proceeding or judgment. The Optionee hereby
irrevocably waives any objections which he may now or hereafter have to the
laying of the venue of any suit, action or proceeding arising out of or relating
to this Option Agreement brought in any court of competent jurisdiction in the
State of Delaware (or if the Company reincorporates in another state, in that
state) or California, and hereby further irrevocably waives any claim that any
such suit, action or proceeding brought in any such court has been brought in
any inconvenient forum. No suit, action or proceeding against the Company with
respect to this Option Agreement may be brought in any court, domestic or
foreign, or before any similar domestic or foreign authority other than in a
court of competent jurisdiction in the State of Delaware (or if the Company
reincorporates in another state, in that state) or California, and the Optionee
hereby irrevocably waives any right which he may otherwise have had to bring
such an action in any other court, domestic or foreign, or before any similar
domestic or foreign authority. The Company hereby submits to the jurisdiction of
such courts for the purpose of any such suit, action or proceeding.

         Section 5.10 Counterparts; Acceptance through Signature of Notice of
Grant

                                                                             -7-

<PAGE>

         This Option Agreement may be signed in two or more counterparts, each
of which will be deemed an original and together shall constitute one and the
same instrument. The Notice of Grant, when duly executed and delivered by each
of the Company and the Optionee, respectively, in accordance with the terms
hereof and thereof, shall supplement and form a part of this Option Agreement,
and references to this Option Agreement shall be construed accordingly. The due
execution of the Notice of Grant by each of the Company and the Optionee,
respectively, shall be deemed to constitute the execution by the Company and by
the Optionee of this Option Agreement.

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

OPTIONEE:                                 PROXIM CORPORATION

___________________________________       ______________________________________
Signature                                 By

___________________________________       ______________________________________
Print Name                                Title

___________________________________
Residence Address

                                                                             -8-

<PAGE>

                                    EXHIBIT A

                               PROXIM CORPORATION

                  1999 PROXIM CORPORATION STOCK INCENTIVE PLAN

                                 EXERCISE NOTICE

Proxim Corporation
935 Stewart Drive
Sunnyvale, CA 94085
Attention:  Stock Plan Administration

         1.       Exercise of Option. Effective as of today, ________________,
_____, the undersigned ("Purchaser") hereby elects to purchase ______________
shares (the "Shares") of the Common Stock of Proxim Corporation (the "Company")
under and pursuant to the 1999 Proxim Corporation Stock Incentive Plan (the
"Plan") and the Stock Option Agreement dated, _________, ___ (the "Option
Agreement"). The purchase price for the Shares shall be $________, as required
by the Option Agreement.

         2.       Delivery of Payment. Purchaser herewith delivers to the
Company the full purchase price for the Shares.

         3.       Representations of Purchaser. Purchaser acknowledges that
Purchaser has received, read and understood the Plan and the Option 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 shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Shares so acquired shall
be issued to the Optionee 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 8 of the
Plan.

         5.       Tax Consultation. Purchaser understands that Purchaser may
suffer adverse tax consequences as a result of Purchaser's purchase or
disposition of the Shares. Purchaser represents that Purchaser has consulted
with any tax consultants Purchaser deems advisable in connection with

                                                                             -9-

<PAGE>

the purchase or disposition of the Shares and that Purchaser is not relying on
the Company for any tax advice.

         6.       Entire Agreement; Governing Law. The Plan and Option Agreement
are incorporated herein by reference. This Agreement, the Plan and the Option
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 Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser's interest except by
means of a writing signed by the Company and Purchaser. This Exercise Notice,
the Option Agreement and the Plan are governed by Delaware law except for that
body of law pertaining to conflict of laws.

Submitted by:                             Accepted by:

PURCHASER                                 PROXIM CORPORATION

___________________________________       ______________________________________
Signature                                 By

___________________________________       ______________________________________
Print Name                                Title

                                          ______________________________________
                                          Date Received

Address: _________________________        Address: 935 Stewart Drive

         _________________________                 Sunnyvale, CA 94085

         _________________________

                                                                            -10-

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