Document:

exv10w7

 

Exhibit 10.7

2880 Zanker Road, Suit #102

San Jose, CA 95134

22nd January, 2001

Anil K. Jain

Re:      Offer of Employment

Dear Anil:

     We are pleased to offer you the position of Vice President, Design Engineering reporting to
Syed Ali, President & CEO, of Caveo Networks at an annual salary of $175,000, less all applicable
deductions and withholdings, paid on a bi-weekly basis in accordance with the company’s payroll
cycle. As a regular employee of Caveo Networks, you will be eligible to participate in a number of
benefits available to company employees, including medical, dental, disability and life insurance.
We also offer a 401(k) Plan. You will begin accruing, upon your start date, vacation at a rate of
two weeks per year and sick leave at a rate of 1 week per year.

     Upon approval by the Board of Directors, you will be granted an option to purchase 500,000
shares of Caveo Networks Common Stock. Any such options would (i) be subject to vesting over four
years according to the conditions and restrictions of Caveo Networks 2001 Stock Option Plan (the
“Plan”) and your individual Stock Option Agreement, (ii) have a per share exercise price equal to
the per-share fair market value of the common stock on the date of grant, as determined by the
Board of Directors and (iii) be subject to your completing a Stock Option Agreement which, along
with the Plan, would set out additional details of the grant.

     If Caveo Networks decides to terminate your employment for any reason, you will be paid three
months salary with full benefits from the last date of termination.

     Your employment pursuant to this offer is contingent on you executing the Company’s
Proprietary Information and Inventions Agreement. You also must establish your identity and
authorization to work as required by the Immigration Reform and Control Act of 1986 “IRCA”).
Enclosed is a copy of the Employment Verification Form (I-9), with instructions required by IRCA.
Please review this document and bring the appropriate original documentation on your first day of
work.

     Caveo Networks is an “at-will” employer. That means that both employees and the company have
the right to terminate employment at any time, with or without advance notice, and with or without
cause. No one other than an officer of the company has the authority to alter this arrangement, to
enter into an agreement for employment for a specified period of time, or to make any agreement
contrary to this policy, and any such agreement must be in writing and must be signed by an officer
of the company and by the affected employee. This letter constitutes the complete agreement
concerning your employment with Caveo Networks and supersedes all prior and contemporaneous
agreements and representations.

1.

 

22nd January,2001

Page 2

     If you accept this offer of employment, please return a signed copy of this letter to me.
This offer, if not accepted, will expire on January 26, 2001.

     We very much look forward to your joining Caveo Networks. We are confident that your
contributions will be significant and will in turn be greatly appreciated. Please feel free to
call me at (408) 205-7669.

Sincerely,

/s/ Syed Ali

Syed Ali

President & CEO

Caveo Networks

I accept this offer.

	 	 	 	 	 	 	 
	/s/ Anil Jain
 

	 	I will start on 
	 	01/29/2001
 

	 	 

2.exv10w8

 

Exhibit 10.8

2610 Augustine Drive

Santa Clara, CA 95054

May 6, 2003

Rajiv Khemani

Re: Offer of Employment

Dear Rajiv:

     We are pleased to offer you the position of Vice President, Marketing reporting to Syed Ali,
President & CEO, Cavium Networks (“Company”). You will receive an annual base salary of $180,000,
less all applicable deductions and withholdings, paid on a bi-weekly basis in accordance with the
company’s payroll cycle. As a regular employee of Cavium Networks, you will be eligible to
participate in a number of benefits available to company employees, including medical, dental,
disability and life insurance. We also offer a 401(k) Plan. You will begin accruing, upon your
start date, vacation at a rate of two weeks per year and sick leave at a rate of 1 week per year.

     We will recommend to the Board of Directors that you be granted an option to purchase 475,000
shares of Cavium Common Stock as soon as practicable subject to vesting over 4 years. Such an
option would vest according to the conditions and restrictions of Cavium Networks 2001 Stock Option
Plan (the “Plan”) and your individual Stock Option Agreement. In this case, the option (i) is
subject to approval by the Board of Directors, (ii) would have a per share exercise price equal to
the per-share fair market value of the common stock on the date of such grant, as determined by the
Board of Directors, (iv) would permit you to pay the exercise price by delivering a full recourse
promissory note bearing a market rate of interest that obligates you to pay the Company the
aggregate exercise price for such options exercised, and (iv) would, be subject to your completing
a Stock Option Agreement which, along with the Plan, would set out additional details of the grant.

     Notwithstanding the contents of rest of this offer letter and the Cavium Stock Option Plan, if
either you or the Company choose to terminate employment, with or without cause, during the first 6
months of your employment, the Company will provide you severance pay equal to 2 months salary and
will vest 1/8th (one-eighth) of the total options granted to you. If either you or the
Company choose to terminate employment, with or without cause, during months 7 through 12 of your
employment, the Company will provide you severance pay equal to 1 month’s salary.

     Your employment pursuant to this offer is contingent on you executing the Company’s
Proprietary Information and Inventions Agreement. You also must establish your identity and
authorization to work as required by the Immigration Reform and Control Act of 1986 (“IRCA”).
Enclosed is a copy of the Employment Verification Form (I-9), with instructions required by IRCA.
Please review this document and bring the appropriate original documentation on your first day of
work.

     Cavium Networks is an “at-will” employer. That means that both employees and the Company have
the right to terminate employment at any time, with or without advance notice,

1.

 

May 6,2003

Page 2

and with or without cause. No one other than an officer of the company has the authority to
alter this arrangement, to enter into an agreement for employment for a specified period of time,
or to make any agreement contrary to this policy, and any such agreement must be in writing and
must be signed by an officer of the company and by the affected employee. This letter constitutes
the complete agreement concerning your employment with Cavium Networks and supersedes all prior and
contemporaneous agreements and representations.

     If you accept this offer of employment, please return a signed copy of this letter to me.
This offer, if not accepted, will expire on May 15th, 2003.

     We very much look forward to your joining Cavium Networks. We are confident that your
contributions will be significant and will in turn be greatly appreciated. Please feel free to
call me at (408) 205-7869

Sincerely,

/s/ Syed Ali

Syed Ali

President & CEO

Cavium Networks

I accept this offer.

	 	 	 	 	 	 	 
	/s/ Rajiv Khemani

	 	I will start on
	 	June 9, 2003	 	 
	 

	 	 
	 	 

	 	 

2.exv10w9

 

Exhibit 10.9

November 4, 2005

Kris Chellam

Re: Position on the Board of Directors of Cavium Networks

Dear Kris:

     It is my sincere pleasure to offer you the position of Director on the Cavium
Networks (“Cavium”) Board of Directors (the “Board”). We anticipate many exciting
opportunities at the company and believe that your experience and background will greatly assist us
in meeting those opportunities. Upon your acceptance of the terms provided herein, I will
recommend to the Board that you be nominated as a Director, to be appointed at our next Board
meeting.

     Upon your appointment as a Director, I will recommend to the Board that you be granted an
option to purchase up to 50,000 shares of Cavium common stock, at the fair market value on the date
of grant, under Cavium’s 2001 Stock Incentive Plan (the “Plan”). Your options will vest monthly in
equal increments over a 48-month period, for so long as you continue to serve as a Director, until
the entire grant is vested. In the event there is a Change in Control of Cavium, 100% of all your
unvested stock options and/or stock will vest immediately upon such a Change in Control. All terms
and conditions of the option will be set forth in the Plan and Cavium’s form of stock option
agreement, grant notice, exercise notice and other documents relating to the Plan.

     As we discussed, you will be appointed to serve as Chairman of the. Audit Committee. In
addition, we will reimburse reasonable out-of-pocket expenses incurred in connection with your
service as a Director in accordance with Cavium’s established reimbursement policies, including
reasonable travel expenses associated with attending Cavium Board meetings. As you know, as a
Director, you will not be entitled to any of the other benefits that Cavium Networks makes
available to its employees.

     In your capacity as a Director of Cavium, you will be expected not to use or disclose any
confidential information, including, but not limited to, trade secrets of any former employer or
other person or entity to whom you have an obligation of confidentiality. Rather, you will be
expected to use only information that is generally known and used by persons with training and
experience comparable to your own, that is common knowledge in the industry or otherwise legally in
the public domain, or that is otherwise provided or developed by Cavium.

     In addition, during the term of your services as a Director and after termination of such
services, you will not disclose any of Cavium confidential proprietary information, or any
information of a third party provided to you by Cavium, which includes but is not limited to, all
non-public tangible and intangible manifestations regarding patents, copyrights, trademarks, trade
secrets, technology, inventions, works of authorship, business plans, data or any other
confidential knowledge without the prior written consent of Cavium.

1.

 

     This letter and the stock option documentation referred to herein, constitutes the entire
agreement between you and Cavium. This agreement supersedes any other agreements or promises made
to you by anyone, whether oral or written, and it may only be modified in writing signed by a duly
authorized officer of Cavium.

     If the terms of this letter are acceptable to you, and to indicate your willingness to serve
on Cavium’s Board, please sign and date this letter below. We look forward to your favorable reply
and to a productive and enjoyable future relationship.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Syed Ali
 

Syed Ali
	 	 
	 

	 	 	 	Cavium Networks	 	 
	 

	 	 	 	President and Chief Executive Officer	 	 

Accepted:

	 	 	 	 	 	 	 
	/s/ Kris Chellam
 

Kris Chellam

	 	 
	 	11/7/05
 

Date
	 	 

2.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]