Document:

<PAGE>
                                                                    Exhibit 10.7

                                                                       [5/13/03]

--------------------------------------------------------------------------------

                                     FORM OF

                            TAX ALLOCATION AGREEMENT

                                 by and between

                             CONEXANT SYSTEMS, INC.

                                       and

                          MINDSPEED TECHNOLOGIES, INC.

                          ----------------------------

                                    [ ], 2003

                          ----------------------------

--------------------------------------------------------------------------------
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                             Page
                                                                             ----
<S>             <C>                                                          <C>

ARTICLE I        DEFINITIONS...............................................    1
  Section 1.01   General...................................................    1
  Section 1.02   Schedules, etc............................................    8

ARTICLE II       FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS..........    8
  Section 2.01   Preparation of Tax Returns................................    8
  Section 2.02   Payment of Taxes..........................................   10
  Section 2.03   Tax Refunds and Carrybacks................................   13
  Section 2.04   Allocation of Straddle Period Taxes.......................   14

ARTICLE III      TAX INDEMNIFICATION; TAX CONTESTS.........................   15
  Section 3.01   Indemnification...........................................   15
  Section 3.02   Mindspeed Tax Acts........................................   17
  Section 3.03   Notice of Indemnity.......................................   18
  Section 3.04   Payments..................................................   18
  Section 3.05   Tax Contests..............................................   20

ARTICLE IV       OPTIONS; COMPENSATION PAYMENTS;  INTEREST CHARGE FOR LATE
                 PAYMENTS; CURRENCY CALCULATIONS; EFFECTIVE TIME OF
                 TRANSACTIONS..............................................   21
  Section 4.01   Stock Options; Restricted Shares..........................   21
  Section 4.02   Compensation Payments.....................................   23
  Section 4.03   Change in Law.............................................   24
  Section 4.04   Interest Charge for Late Payments.........................   24
  Section 4.05   Currency Calculations.....................................   24
  Section 4.06   Effective Time of Transaction.............................   24

ARTICLE V        COOPERATION AND EXCHANGE OF INFORMATION...................   25
  Section 5.01   Inconsistent Actions......................................   25
  Section 5.02   [Intentionally Omitted]...................................   25
  Section 5.03   [Intentionally Omitted]...................................   25
  Section 5.04   Cooperation and Exchange of Information...................   25
  Section 5.05   Tax Records...............................................   26
</TABLE>

                                        i
<PAGE>
<TABLE>
<S>             <C>                                                          <C>
ARTICLE VI       MISCELLANEOUS.............................................   27
  Section 6.01   Entire Agreement; Construction............................   27
  Section 6.02   Effectiveness.............................................   27
  Section 6.03   Survival of Agreements....................................   27
  Section 6.04   Governing Law.............................................   27
  Section 6.05   Notices...................................................   27
  Section 6.06   Amendments................................................   28
  Section 6.07   Successors and Assigns....................................   28
  Section 6.08   Captions; Currency........................................   28
  Section 6.09   Severability..............................................   28
  Section 6.10   Parties in Interest.......................................   28
  Section 6.11   Schedules.................................................   29
  Section 6.12   Termination...............................................   29
  Section 6.13   Waivers; Remedies.........................................   29
  Section 6.14   Counterparts..............................................   29
  Section 6.15   Performance...............................................   29
  Section 6.16   Interpretation............................................   29
  Section 6.17   Dispute Resolution........................................   30
</TABLE>

                                       ii
<PAGE>
                              TAX ALLOCATION AGREEMENT

            TAX ALLOCATION AGREEMENT (this "AGREEMENT") dated as of [ ], 2003 by
and between CONEXANT SYSTEMS, INC., a Delaware corporation ("CONEXANT"), and
MINDSPEED TECHNOLOGIES, INC., a Delaware corporation and, as of the date hereof,
a wholly-owned subsidiary of Conexant ("MINDSPEED").

            WHEREAS, the Conexant Board (as defined herein) has determined that
it is appropriate and desirable, subject to the terms and conditions contained
in the Distribution Agreement by and between Conexant and Mindspeed dated as of
the date hereof ("DISTRIBUTION AGREEMENT") for Conexant to distribute on a pro
rata basis to holders of shares of Conexant Common Stock (as defined herein) the
outstanding shares of Mindspeed Common Stock owned by Conexant; and

            WHEREAS, Conexant and Mindspeed wish to provide for and agree upon
the allocation between the Conexant Tax Group (as defined herein) and the
Mindspeed Tax Group (as defined herein) of all responsibilities, liabilities and
benefits relating to or affecting Taxes (as defined herein) paid or payable by
either of them for all taxable periods, whether beginning before, on or after
the Distribution Date (as defined herein).

            NOW, THEREFORE, in consideration of the premises and of the
respective agreements contained in this Agreement, the parties hereto hereby
agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

            SECTION 1.01 GENERAL. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to
both the singular and plural forms of the terms defined). Any capitalized term
not otherwise defined in this Agreement shall have the meaning ascribed to it in
the Distribution Agreement.

            "ACTUALLY REALIZED" shall mean, for purposes of determining the
timing of any Taxes (or related Tax cost or benefit) relating to any payment,
transaction, occurrence or event, the time at which the amount of Taxes
(including estimated Taxes) payable by any person is increased above or reduced
below, as the
<PAGE>
case may be, the amount of Taxes that such person would be required to pay but
for the payment, transaction, occurrence or event.

            "BOEING" shall mean The Boeing Company, a Delaware corporation.

            "BOEING TAX GROUP" shall mean Boeing and its affiliates.

            "CODE" shall mean the Internal Revenue Code of 1986, as amended, or
any successor legislation.

            "COMPENSATION PAYMENTS" shall mean all non-qualified employee
benefit plan and welfare benefit plan payments made under the Employee Matters
Agreement dated the date hereof by and between Conexant and Mindspeed.

            "CONEXANT" shall have the meaning ascribed thereto in the preamble.

            "CONEXANT BOARD" shall mean the Board of Directors of Conexant or a
duly authorized committee thereof.

            "CONEXANT COMMON STOCK" shall mean the Common Stock, par value of $1
per share, of Conexant and the associated preferred share purchase rights.

            "CONEXANT COMMON STOCK OPTIONS" shall mean options to acquire
Conexant Common Stock.

            "CONEXANT GROUP EMPLOYEES AND FORMER EMPLOYEES" shall mean
individuals (i) who are employees of any member of the Conexant Tax Group on the
date of the event giving rise to a deduction in respect of any Compensation
Payments made to such individuals or Stock Options or Restricted Stock held by
such individuals, or (ii) whose most recent employment with any member of the
Conexant Tax Group or the Mindspeed Tax Group prior to such date was more
closely associated with the Broadband Business or some other business rather
than the Mindspeed Business.

            "CONEXANT/MINDSPEED TAX GROUP" shall mean any corporation or other
legal entity which is a member of the Conexant Tax Group or the Mindspeed Tax
Group but only with respect to taxable periods (or portions thereof) ending on
or before or including the Distribution Date.

            "CONEXANT RESTRICTED STOCK" shall mean shares of Conexant Common
Stock subject to restrictions on transferability and subject to a substantial
risk of forfeiture.

                                       2
<PAGE>
            "CONEXANT TAX GROUP" shall mean (i) Conexant, (ii) any corporation
or other legal entity which Conexant directly or indirectly owns immediately
following the Distribution Date other than a member of the Mindspeed Tax Group,
(iii) any other corporation or other legal entity which Conexant directly or
indirectly owned at any time prior to the Distribution Date (but only with
respect to the period such corporation or other entity was so owned by Conexant)
other than a member of the Mindspeed Tax Group, and (iv) solely for purposes of
this Agreement and not for purposes of any other Separation Agreement, for any
taxable period up to or including (A) December 6, 1996, Old Rockwell and any
other corporation or legal entity owned by Old Rockwell other than a member of
the Mindspeed Tax Group and (B) December 30, 1998, Rockwell and any other
corporation or legal entity owned by Rockwell other than a member of the
Mindspeed Tax Group.

            "DISTRIBUTION" shall mean the distribution of the Mindspeed Common
Stock on a pro rata basis to holders of Conexant Common Stock on the
Distribution Date pursuant to the Distribution Agreement.

            "DISTRIBUTION AGREEMENT" shall have the meaning ascribed thereto in
the preamble.

            "DISTRIBUTION TRANSACTION" shall mean any transaction undertaken in
connection with the Distribution except for those transactions specified on
Schedule 1.01(A) that are being carried out for business reasons unrelated to
the Distribution.

            "DISTRIBUTION DATE" shall mean the date on which the Distribution
occurs (or, if different, the date on which the Distribution is deemed to occur
for U.S. federal Income Tax purposes). For purposes of this Agreement, the
Distribution shall be deemed effective as of the end of the day on the
Distribution Date.

            "FOREIGN INCOME TAX" shall mean any Income Tax other than a U.S.
federal, state or local Income Tax.

            "FOREIGN INCOME TAX RETURNS" shall mean any Income Tax Return which
is not a U.S. federal, state or local Income Tax Return.

            "INCOME TAX" shall mean (a) any Tax based upon, measured by, or
calculated with respect to (i) net income or profits (including, but not limited
to, any capital gains, minimum Tax and any Tax on items of Tax preference, but
not including sales, use, real or personal property, gross or net receipts,
transfer or similar Taxes) or (ii) multiple bases (including, but not limited
to, corporate franchise, doing business or occupation Taxes) if one or more of
the bases upon which such Tax may

                                       3
<PAGE>
be based, measured by, or calculated with respect to, is described in clause (i)
above, or (b) any U.S. state or local franchise Tax; including in the case of
each of (a) and (b) any related interest and any penalties, additions to such
Tax or additional amounts imposed with respect thereto by any Tax Authority.

            "INCOME TAX BENEFIT" shall mean for any taxable period the excess of
(i) the hypothetical Income Tax liability of the taxpayer for the taxable period
calculated as if the Timing Difference or Reverse Timing Difference, as the case
may be, had not occurred but with all other facts unchanged, over (ii) the
actual Income Tax liability of the taxpayer for the taxable period, calculated
taking into account the Timing Difference or Reverse Timing Difference, as the
case may be (treating an Income Tax refund or credit as a negative Income Tax
liability for purposes of such calculation).

            "INCOME TAX DETRIMENT" shall mean for any taxable period the excess
of (i) the actual Income Tax liability of the taxpayer for the taxable period,
calculated taking into account the Timing Difference or Reverse Timing
Difference, as the case may be, over (ii) the hypothetical Income Tax liability
of the taxpayer for the taxable period, calculated as if the Timing Difference
or Reverse Timing Difference, as the case may be, had not occurred but with all
other facts unchanged (treating an Income Tax refund or credit as a negative
Income Tax liability for purposes of such calculation).

            "INCOME TAX RETURN" shall mean any Tax Return that relates to Income
Taxes.

            "INDEMNITEE" shall have the meaning set forth in Section 3.03.

            "INDEMNITOR" shall have the meaning set forth in Section 3.03.

            "INDEMNITY ISSUE" shall have the meaning set forth in Section 3.03.

            "IRS" shall mean the Internal Revenue Service.

            "MINDSPEED" shall have the meaning ascribed thereto in the preamble.

            "MINDSPEED COMMON STOCK" shall mean the Common Stock par value $1.00
per share of Mindspeed, and the related Rights.

            "MINDSPEED COMMON STOCK OPTIONS" shall mean options to acquire
Mindspeed Common Stock.

                                       4
<PAGE>
            "MINDSPEED GROUP EMPLOYEES AND FORMER EMPLOYEES" shall mean
individuals (i) who are employees of any member of the Mindspeed Tax Group on
the date of the event giving rise to a deduction in respect of any Compensation
Payments made to such individuals or Stock Options held by such individuals or
(ii) whose most recent employment with any member of the Conexant Tax Group or
the Mindspeed Tax Group prior to such date was more closely associated with the
Mindspeed Business rather than the Broadband business or some other business.

            "MINDSPEED TAX ACT" shall have the meaning set forth in Section
3.02(a).

            "MINDSPEED TAX GROUP" shall mean (i) Mindspeed and (ii) any
corporation or other legal entity set forth on Schedule 1.01(B).

            "MINDSPEED TAX REPRESENTATION LETTER" shall mean the letter
delivered by Mindspeed to Conexant on the Distribution Date, substantially in
the form set forth in Schedule 3.02(b) attached hereto.

            "NON-INCOME TAX" shall mean any Tax other than an Income Tax.

            "OLD ROCKWELL" shall mean the corporation, formerly named Rockwell
International Corporation, which owned all of the Rockwell Common Stock prior to
the distribution of the Rockwell Common Stock to the shareholders of such
corporation on December 6, 1996.

            "PERSON" shall mean any individual, partnership, joint venture,
corporation, limited liability entity, trust, unincorporated organization or
other entity (including a governmental entity).

            "POST-DISTRIBUTION TAXABLE PERIOD" shall mean a taxable period
beginning after the Distribution Date.

            "POST-DISTRIBUTION TAX ACT" shall have the meaning set forth in
Section 3.01(a).

            "POST-TAX INDEMNIFICATION PERIOD" shall mean any Post-Distribution
Taxable Period and that portion of any Straddle Period that begins on the day
after the Distribution Date.

            "PRE-DISTRIBUTION TAXABLE PERIOD" shall mean a taxable period ending
on or before the Distribution Date.

                                       5
<PAGE>
            "RESTRICTED STOCK" shall mean Conexant Restricted Stock or Mindspeed
Restricted Stock.

            "REVERSE TIMING DIFFERENCE" shall mean an increase in income, gain
or recapture, or a decrease in deduction, loss or credit, as calculated for
Income Tax purposes, of the taxpayer for the Tax Indemnification Period coupled
with an increase in deduction, loss or credit, or a decrease in income, gain or
recapture, of the taxpayer for any Post-Tax Indemnification Period.

            "RIGHTS" shall have the meaning ascribed thereto in the Distribution
Agreement.

            "ROCKWELL" shall mean Rockwell Automation, Inc., formerly named
Rockwell International Corporation, a Delaware corporation.

            "ROCKWELL COMMON STOCK" shall mean the Common Stock, par value of $1
per share, of Rockwell.

            "ROCKWELL TAX GROUP" shall mean Rockwell and its affiliates.

            "SEPARATION AGREEMENTS" shall have the meaning ascribed thereto in
the Distribution Agreement.

            "STOCK OPTIONS" shall mean Mindspeed Common Stock Options or
Conexant Common Stock Options.

            "STRADDLE PERIOD" shall mean a taxable period that includes but does
not end on the Distribution Date.

            "TAX" and "TAXES" shall mean all forms of taxation, whenever created
or imposed, and whether of the United States or elsewhere, and whether imposed
by a federal, state, municipal, governmental, territorial, local, foreign or
other body, and without limiting the generality of the foregoing, shall include
net income, gross income, gross receipts, sales, use, value added, ad valorem,
transfer, recording, franchise, profits, license, lease, service, service use,
payroll, wage, withholding, employment, unemployment insurance, workers
compensation, social security, excise, severance, stamp, business license,
business organization, occupation, premium, property, environmental, windfall
profits, customs, duties, alternative minimum, estimated or other taxes, fees,
premiums, assessments or charges of any kind whatever imposed or collected by
any governmental entity or political subdivision thereof, together with any
related interest and any penalties, additions to such tax or additional amounts
imposed with respect thereto by any Tax Authority.

            "TAX AUTHORITY" shall mean, with respect to any Tax, any
governmental entity, quasi-governmental body or political subdivision thereof
that

                                       6
<PAGE>
imposes such Tax and the agency (if any) charged with the determination or
collection of such Tax for such entity, body or subdivision.

            "TAX GROUP" shall mean the Conexant Tax Group or the Mindspeed Tax
Group, as the case may be.

            "TAX INDEMNIFICATION PERIOD" shall mean any Pre-Distribution Taxable
Period and that portion of any Straddle Period that ends on the Distribution
Date.

            "TAX RETURN" shall mean any return, filing, questionnaire,
information return, election or other document required or permitted to be
filed, including requests for extensions of time, filings made with respect to
estimated tax payments, claims for refund and amended returns that may be filed,
for any period with any Tax Authority (whether domestic or foreign) in
connection with any Tax (whether or not a payment is required to be made with
respect to such filing).

            "TIMING DIFFERENCE" means an increase in income, gain or recapture,
or a decrease in deduction, loss or credit, as calculated for Income Tax
purposes, of the taxpayer for any Post-Tax Indemnification Period coupled with
an increase in deduction, loss or credit, or a decrease in income, gain or
recapture, of the taxpayer for the Tax Indemnification Period.

            "WIRELESS DISTRIBUTION" shall mean the distribution of the
Washington common stock on a pro rata basis to holders of Conexant Common Stock
on June 25, 2002 pursuant to the Contributions and Distribution Agreement by and
between Conexant and Washington Sub, Inc. dated December 16, 2001, as amended as
of June 25, 2002.

            "WIRELESS RULING REQUEST" shall mean the private letter ruling
request dated January 10, 2002 filed by Conexant with the IRS (as modified or
supplemented by any materials submitted to the IRS), seeking rulings that, inter
alia, the Wireless Distribution qualified for U.S. federal Income Tax purposes
as a tax-free reorganization under Section 368(a)(1)(D) of the Code.

            "WIRELESS TRANSACTION AGREEMENTS" shall have the meaning ascribed to
the phrase "Transaction Agreements" in the Contribution and Distribution
Agreement by and between Conexant and Washington Sub, Inc. dated December 16,
2001, as amended as of June 25, 2002.

                                       7
<PAGE>
            SECTION 1.02 SCHEDULES, ETC. References to a "Schedule" are, unless
otherwise specified, to a Schedule attached to this Agreement; references to
"Section" or "Article" are, unless otherwise specified, to one of the Sections
or Articles of this Agreement; references to "sub-section" are, unless the
context otherwise requires, references to the section in which the reference
appears; and references to this Agreement include the Schedules.

                                   ARTICLE II

                FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS

            SECTION 2.01 PREPARATION OF TAX RETURNS.

            (a) UNITED STATES FEDERAL INCOME TAX RETURNS.

            (i) Conexant shall prepare and file or cause to be prepared and
filed all U.S. federal Income Tax Returns (including amendments thereto) which
are required to be filed in respect of (A) a member of the Conexant Tax Group
for any Pre-Distribution Taxable Period or Straddle Period or (B) a member of
the Conexant Tax Group for any Post-Distribution Taxable Period. Mindspeed
hereby irrevocably designates, and agrees to cause each of its affiliates to so
designate, Conexant as its agent to take any and all actions necessary or
incidental to the preparation and filing of such U.S. federal Income Tax Returns
of Conexant's affiliated group.

            (ii) All U.S. federal Income Tax Returns (including amendments
thereto) required to be filed in respect of a member of the Mindspeed Tax Group
which are not the responsibility of the Conexant Tax Group are the
responsibility of the Mindspeed Tax Group.

            (b) UNITED STATES STATE AND LOCAL INCOME TAX RETURNS.

            (i) Conexant shall prepare and file or cause to be prepared and
filed all U.S. state and local Income Tax Returns (including amendments thereto)
which are required to be filed in respect of (A) a member of the
Conexant/Mindspeed Tax Group for any Pre-Distribution Taxable Period or Straddle
Period including consolidated, combined and unitary Tax Returns including a
member of the Mindspeed Tax Group, (B) any member of the Mindspeed Tax Group for
any Pre-Distribution Period or Straddle Period in which it conducts or has
conducted both a Conexant business and a Mindspeed business or (C) a member of
the Conexant Tax

                                       8
<PAGE>
Group for any Post-Distribution Taxable Period. Mindspeed hereby irrevocably
designates, and agrees to cause each of its affiliates to so designate, Conexant
as its agent to take any and all actions necessary or incidental to the
preparation and filing of such U.S. state and local Income Tax Returns of
members of the Conexant Tax Group.

            (ii) All U.S. state and local Income Tax Returns (including
amendments thereto) required to be filed in respect of a member of the Mindspeed
Tax Group which are not the responsibility of the Conexant Tax Group shall be
the responsibility of the Mindspeed Tax Group.

            (c) FOREIGN INCOME TAX RETURNS.

            (i) Conexant shall prepare and file or cause to be prepared and
filed all Foreign Income Tax Returns (including amendments thereto) which are
required to be filed in respect of (A) a member of the Conexant Tax Group for
any Pre-Distribution Taxable Period or Straddle Period, (B) a member of the
Mindspeed Tax Group for any Pre-Distribution Period or Straddle Period in which
it conducts, or has conducted, both a Conexant business and a Mindspeed
business, or (C) a member of the Conexant Tax Group for any Post-Distribution
Taxable Period. Mindspeed hereby irrevocably designates, and agrees to cause
each of its affiliates to so designate, Conexant as its agent to take any and
all actions necessary or incidental to the preparation and filing of such
Foreign Income Tax Returns of members of the Conexant Tax Group.

            (ii) All Foreign Income Tax Returns (including amendments thereto)
required to be filed in respect of a member of the Mindspeed Tax Group which are
not the responsibility of the Conexant Tax Group shall be the responsibility of
the Mindspeed Tax Group.

            (d) NON-INCOME TAX RETURNS.

            (i) Conexant shall prepare and file or cause to be prepared and
filed all Tax Returns (including amendments thereto) which are Non-Income Tax
Returns which are required to be filed in respect of (A) a member of the
Conexant Tax Group for any Pre-Distribution Taxable Period or Straddle Period),
(B) any member of the Mindspeed Tax Group for any Pre-Distribution Period or
Straddle Period in which it conducts or has conducted both a Conexant business
and a Mindspeed business or (C) a member of the Conexant Tax Group for any
Post-Distribution Taxable Period. Mindspeed hereby irrevocably designates, and
agrees to cause each of its affiliates to so designate, Conexant as its agent to
take any

                                       9
<PAGE>
and all actions necessary or incidental to the preparation and filing of such
non-U.S. federal Income Tax Returns.

            (ii) All Non-Income Tax Returns (including amendments thereto)
required to be filed in respect of a member of the Mindspeed Tax Group which are
not the responsibility of the Conexant Tax Group shall be the responsibility of
the Mindspeed Tax Group.

            (e) CONSISTENT WITH PAST PRACTICE; REVIEW BY NON-RESPONSIBLE PARTY.
Unless Conexant and Mindspeed otherwise agree in writing, all Tax Returns
(including amendments thereto) described in this Section 2.01 filed after the
date of this Agreement for Pre-Distribution Taxable Periods or Straddle Periods,
in the absence of a controlling change in law or circumstances, shall be
prepared on a basis consistent with the elections, accounting methods,
conventions and principles of taxation used for the most recent taxable periods
for which Tax Returns involving similar matters have been filed. Upon the
request of the non-responsible party, the party responsible under this Section
2.01 for preparation of a particular Tax Return for Pre-Distribution Taxable
Periods or Straddle Periods shall make available a draft of such Tax Return (or
relevant portions thereof) for review and comment by such non-responsible party.
Subject to the provisions of this Agreement, all decisions relating to the
preparation of Tax Returns shall be made in the sole discretion of the party
responsible under this Agreement for such preparation.

            (f) RESPONSIBILITY FOR FILING. Although, pursuant to this Agreement,
Conexant or Mindspeed may be responsible for filing a particular Tax Return,
Conexant and Mindspeed have agreed that the actual preparation and filing of
certain Tax Returns will be done by the non-responsible party. Schedule 2.01(f)
attached hereto sets forth a schedule specifying such Tax Returns. Conexant and
Mindspeed may agree from time to time to additions to or deletions from Schedule
2.01(f).

            SECTION 2.02 PAYMENT OF TAXES.

            (a) UNITED STATES FEDERAL INCOME TAXES. Except as otherwise provided
in this Agreement:

            (i) Conexant shall pay or cause to be paid, on a timely basis, all
Taxes due with respect to the consolidated U.S. federal Income Tax liability for
(A) all members of the Conexant Tax Group for any Pre-Distribution Taxable
Period or Straddle Period, including consolidated Tax Returns also including a
member of the Mindspeed Tax Group, and (B) any member of the Conexant Tax Group
for any Post-Distribution Taxable Period, provided, however, that Mindspeed, on
behalf of

                                       10
<PAGE>
the Mindspeed Tax Group hereby assumes and agrees to pay directly to or at the
direction of Conexant, at least five days prior to the date payment (including
estimated payment) thereof is due, the share of such U.S. federal Income Tax
liability of any member of the Mindspeed Tax Group attributable to the Mindspeed
business, assets or activities allocated between the Conexant Tax Group, on the
one hand, and the Mindspeed Tax Group, on the other hand, determined in a manner
analogous to that set forth in Treasury Regulation Section 1.1552-1(a)(2).

            (ii) Mindspeed shall pay or cause to be paid, on a timely basis, all
U.S. federal Income Taxes of the Mindspeed Tax Group which are not the
responsibility of the Conexant Tax Group.

            (b) UNITED STATES STATE AND LOCAL INCOME TAXES. Except as otherwise
provided in this Agreement:

            (i) Conexant shall pay or cause to be paid, on a timely basis, all
Taxes due with respect to the state and local Income Tax liability for (A) all
members of the Conexant Tax Group for any Pre-Distribution Taxable Period or
Straddle Period, including consolidated, combined and unitary Tax Returns also
including a member of the Mindspeed Tax Group, (B) any member of the Mindspeed
Tax Group for any Pre-Distribution Period or Straddle Period in which it
conducts or has conducted both a Conexant business and a Mindspeed business, and
(C) any member of the Conexant Tax Group for any Post-Distribution Taxable
Period, provided, however, that Mindspeed, on behalf of the Mindspeed Tax Group
hereby assumes and agrees to pay directly to or at the direction of Conexant, at
least five days prior to the date payment (including estimated payment) thereof
is due, the share of such U.S. state and local Tax liability of any member of
the Mindspeed Tax Group attributable to the Mindspeed business, assets or
activities allocated between the Conexant Tax Group, on the one hand, and the
Mindspeed Tax Group, on the other hand, determined in a manner analogous to that
set forth in Treasury Regulation Section 1.1552-1(a)(2).

            (ii) Mindspeed shall pay or cause to be paid, on a timely basis, all
U.S. state and local Income Taxes of the Mindspeed Tax Group which are not the
responsibility of the Conexant Tax Group.

            (c) FOREIGN INCOME TAXES. Except as otherwise provided in this
Agreement:

            (i) Conexant shall pay or cause to be paid, on a timely basis, all
Taxes due with respect to the Foreign Income Tax liability for (A) all members
of the Conexant Tax Group for any Pre-Distribution Taxable Period or Straddle
Period,

                                       11
<PAGE>
(B) any member of the Mindspeed Tax Group for any Pre-Distribution Period or
Straddle Period in which it conducts, or has conducted, both a Conexant business
and a Mindspeed business, or (C) any member of the Conexant Tax Group for any
Post-Distribution Taxable Period, provided, however, that Mindspeed, on behalf
of the Mindspeed Tax Group hereby assumes and agrees to pay directly to or at
the direction of Conexant, at least five days prior to the date payment
(including estimated payment) thereof is due, the share of such Foreign Income
Tax liability of any member of the Mindspeed Tax Group attributable to the
Mindspeed business, assets or activities allocated between the Conexant Tax
Group, on the one hand, and the Mindspeed Tax Group, on the other hand,
determined in a manner analogous to that set forth in Treasury Regulation
Section 1.1552-1(a)(2).

            (ii) Mindspeed shall pay or cause to be paid, on a timely basis, all
Foreign Income Taxes which are not the responsibility of the Conexant Tax Group.

            (d) NON-INCOME TAXES. Except as otherwise provided in this
Agreement:

            (i) Conexant shall pay or cause to be paid, on a timely basis, all
Taxes which are Non-Income Taxes due with respect to the Tax liability for (A)
all members of the Conexant Tax Group for any Pre-Distribution Taxable Period,
Straddle Period or Post-Distribution Taxable Period, (B) any member of the
Mindspeed Tax Group for any Pre-Distribution Period or Straddle Period in which
it conducts or has conducted both a Conexant business and a Mindspeed business.
and (C) a member of the Conexant Tax Group for any Post-Distribution Taxable
Period, provided, however, that Mindspeed, on behalf of the Mindspeed Tax Group
hereby assumes and agrees to pay directly to or at the direction of Conexant, at
least five days prior to the date payment (including estimated payment) thereof
is due, the share of such Non-Income Tax liability of any member of the
Mindspeed Tax Group, attributable to the Mindspeed business, assets or
activities.

            (ii) Mindspeed shall pay or cause to be paid, on a timely basis, all
Taxes which are Non-Income Taxes which are not the responsibility of the
Conexant Tax Group.

            (e) POST-DISTRIBUTION DATE TAXES. Except as otherwise provided in
this Agreement, all Taxes for all Post-Distribution Taxable Periods shall be
paid or caused to be paid by the party responsible under this Agreement for
filing the Tax Returns pursuant to which such Taxes are due or, if no such Tax
Returns are due, by the party liable for such Taxes.

                                       12
<PAGE>
            (f) CREDIT FOR PRIOR TAX PAYMENTS. To the extent any member of a Tax
Group has made a payment of Taxes (including estimated Taxes) on or before the
Distribution Date, the party liable for paying such Taxes under this Agreement
shall be entitled to treat the payment as having been paid or caused to have
been paid by such party, and such party shall not be required to reimburse the
party which actually paid such Taxes.

            (g) RESPONSIBILITY FOR PAYMENT; NOTICE OF PAYMENT DUE. Although
Conexant or Mindspeed may be responsible for paying a particular Tax liability,
Conexant and Mindspeed may agree that the actual payment to a Taxing Authority
of certain Tax liabilities will be made by the non-responsible party. Conexant
and Mindspeed may agree to prepare a schedule setting forth such Tax liabilities
and may agree from time to time to additions to or deletions from such schedule.
In each case where Conexant or Mindspeed, as the case may be, is required to
make payment of Taxes to the other party, Conexant or Mindspeed, as the case may
be shall notify the other party as to the amount of Taxes due from the other
party at least five days prior to the date payment (including estimated payment)
is due.

            SECTION 2.03 TAX REFUNDS AND CARRYBACKS.

            (a) RETENTION AND PAYMENT OF TAX REFUNDS. Except as otherwise
provided in this Agreement, Conexant shall be entitled to retain, and to receive
within ten days after Actually Realized by the Mindspeed Tax Group, the portion
of all refunds or credits of Taxes for which the Conexant Tax Group is liable
pursuant to Section 2.02 or Section 3.01(a) or is treated as having paid or
caused to have been paid pursuant to Section 2.02(d), and Mindspeed shall be
entitled to retain, and to receive within ten days after Actually Realized by
the Conexant Tax Group, the portion of all refunds or credits of Taxes for which
the Mindspeed Tax Group is liable pursuant to Section 2.02 or Section 3.01(b) or
is treated as having paid or caused to have been paid pursuant to Section
2.02(d). The amount of any refund or credit of Taxes to which Conexant or
Mindspeed is entitled to retain or receive pursuant to the foregoing sentence
shall be reduced to take account of any Taxes incurred by the Mindspeed Tax
Group, in the case of a refund or credit to which Conexant is entitled, or the
Conexant Tax Group, in the case of a refund or credit to which Mindspeed is
entitled, upon the receipt of such refund or credit.

            (b) CARRYBACKS. Unless the parties otherwise agree in writing,
Mindspeed shall elect and shall cause each member of the Mindspeed Tax Group to
elect, where permitted by law, to carry forward any net operating loss, net
capital loss, charitable contribution or other item arising after the
Distribution Date that could, in the absence of such election, be carried back
to a Pre-Distribution Taxable Period. Except as otherwise provided in this
Agreement, notwithstanding the

                                       13
<PAGE>
provisions of Section 2.03(a), (i) any refund or credit of Taxes resulting from
the carryback of any item of Taxes attributable to the Mindspeed Tax Group
arising in a Post-Tax Indemnification Period to a Tax Indemnification Period
shall be for the account and benefit of the Mindspeed Tax Group, (ii) any refund
or credit of Taxes resulting from the carryback of any item of Taxes
attributable to the Conexant Tax Group arising in a Post-Tax Indemnification
Period to a Tax Indemnification Period shall be for the account and benefit of
the Conexant Tax Group, and (iii) any refund or credit of Taxes resulting from a
carryback of any item of federal Taxes attributable to the Conexant/Mindspeed
Tax Group (including derivative state and local refunds or credits) shall be for
the account and benefit of the Conexant Tax Group.

            (c) REFUND CLAIMS. Conexant shall be permitted to file at Conexant's
sole expense, and Mindspeed shall reasonably cooperate with Conexant in
connection with, any claims for refund of Taxes to which Conexant is entitled
pursuant to this Section 2.03 or any other provision of this Agreement. Conexant
shall reimburse Mindspeed for any reasonable out-of-pocket costs and expenses
incurred by any member of the Mindspeed Tax Group in connection with such
cooperation. Mindspeed shall be permitted to file at Mindspeed's sole expense,
and Conexant shall reasonably cooperate with Mindspeed in connection with, any
claims for refunds of Taxes to which Mindspeed is entitled pursuant to this
Section 2.03 or any other provision of this Agreement. Mindspeed shall reimburse
Conexant for any reasonable out-of-pocket costs and expenses incurred by any
member of the Conexant Tax Group in connection with such cooperation.

            SECTION 2.04 ALLOCATION OF STRADDLE PERIOD TAXES. In the case of any
Straddle Period:

            (a) PERIODIC TAXES. (i) The periodic Taxes of a member of the
Conexant Tax Group or the Mindspeed Tax Group or its business, assets or
activities that are not based on income or receipts (e.g., property Taxes) for
the portion of any Straddle Period ending on the Distribution Date shall be
computed based on the ratio of the number of days in such portion of the
Straddle Period and the number of days in the entire taxable period; and (ii)
the periodic taxes of a member of the Conexant Tax Group or the Mindspeed Tax
Group or its business, assets or activities that are not based on income or
receipts for the portion of any Straddle Period beginning on the day after the
Distribution Date shall be computed based on the ratio of the number of days in
such portion of the Straddle Period and the number of days in the entire taxable
period.

            (b) NON-PERIODIC TAXES. (i) The Taxes of a member of the Conexant
Tax Group or the Mindspeed Tax Group or its business, assets or activities for
that portion of any Straddle Period ending on the Distribution Date (other than

                                       14
<PAGE>
Taxes described in Section 2.04(a) above), shall be computed on a
"closing-of-the-books" basis as if such taxable period ended as of the close of
business on the Distribution Date, and, in the case of any Taxes of a member of
the Conexant Tax Group or the Mindspeed Tax Group or its business, assets or
activities with respect to any equity interest in any partnership or other
"flowthrough" entity, as if the taxable period of such partnership or other
"flowthrough" entity ended on the Distribution Date; and (ii) the Taxes of a
member of the Conexant Tax Group or the Mindspeed Tax Group or its business,
assets or activities for that portion of any Straddle Period beginning after the
Distribution Date (other than Taxes described in Section 2.04(a) above), shall
be computed on a "closing-of-the-books" basis as if such taxable period began on
the day after the Distribution Date, and, in the case of any Taxes of a member
of the Conexant Tax Group or the Mindspeed Tax Group or its business, assets or
activities with respect to any equity interest in any partnership or other
"flowthrough" entity, as if the taxable period of such partnership or other
"flowthrough" entity began as of the day after the Distribution Date.

            (c) The Taxes of the Conexant Tax Group and the Mindspeed Tax Group
with respect to any Tax Return for a Straddle Period which includes a member of
each of the Conexant Tax Group and the Mindspeed Tax Group or their respective
businesses, assets or activities shall be allocated between the Conexant Tax
Group, on the one hand, and the Mindspeed Tax Group, on the other hand,
determined in a manner analogous to that set forth in Treasury Regulation
Section 1.1552-1(a)(2).

                                   ARTICLE III

                        TAX INDEMNIFICATION; TAX CONTESTS

            SECTION 3.01 INDEMNIFICATION.

            (a) CONEXANT INDEMNIFICATION. Subject to Section 3.01(b) and Section
3.02, Conexant shall indemnify, defend and hold harmless each member of the
Mindspeed Tax Group and each of their respective shareowners, directors,
officers, employees and agents and each of the heirs, executors, successors and
assigns of any of the foregoing from and against:

            (i) all Taxes of the Conexant Tax Group;

            (ii) all Taxes of the Mindspeed Tax Group for all Pre-Distribution
Taxable Periods and all Straddle Periods for which Conexant is liable pursuant
to Section 2.02 or 3.02 other than (A) any Taxes specified on Schedule 2.02(g)
and (B) any employment Taxes attributable to (I) any employee of the Mindspeed
Tax Group

                                       15
<PAGE>
on the day following the Distribution Date or (II) any individual who was
neither an employee of the Mindspeed Tax Group or the Conexant Tax Group on the
day following the Distribution Date but whose most recent employment prior to
the Distribution Date with any member of the Mindspeed Tax Group or the Conexant
Tax Group was more closely associated with the Mindspeed Business rather than
the Broadband Business or some other business;

            (iii) all liability as a result of Treasury Regulation Section
1.1502-6(a) (which imposes several liability on members of an affiliated group
that file a U.S. federal consolidated Income Tax return) or comparable U.S.
state or local provision for Income Taxes of any person which is or has ever
been affiliated with any member of the Conexant/Mindspeed Tax Group or with
which any member of the Conexant/Mindspeed Tax Group joins or has ever joined
(or is or has ever been required to join) in filing any consolidated, combined
or unitary Income Tax Return for any Tax period ending on or before or including
the Distribution Date except to the extent the Mindspeed Tax Group is liable for
such Taxes pursuant to Section 2.02 or 3.02;

            (iv) all Taxes for any Tax period (whether beginning before, on or
after the Distribution Date) that would not have been payable but for the breach
by any member of the Conexant Tax Group of any representation, warranty,
covenant or obligation under this Agreement;

            (v) all liability for a breach by any member of the Conexant Tax
Group of any representation, warranty, covenant or obligation under this
Agreement;

            (vi) all Taxes imposed in connection with the transactions
contemplated by the Separation Agreements or any other agreement entered into
for the purpose of implementing the Distribution other than any transaction
specified on Schedule 1.01(A);

            (vii) all Taxes for which Conexant is liable pursuant to Section
3.02; and

            (viii) all liability for any reasonable legal, accounting,
appraisal, consulting or similar fees and expenses relating to the foregoing.

Notwithstanding the foregoing and subject to Section 3.01(b) and Section 3.02,
Conexant shall not indemnify, defend or hold harmless any member of the
Mindspeed Tax Group from any liability for Taxes attributable to any action
(including the making of an election under Section 338 of the Code) taken by any
member of the Mindspeed Tax Group after the Distribution (other than any such
action expressly

                                       16
<PAGE>
required or otherwise expressly contemplated by the Separation Agreements or any
other agreement entered into for the purpose of implementing the Distribution or
taken in the ordinary course of business) (a "POST-DISTRIBUTION TAX ACT").

            (b) MINDSPEED INDEMNIFICATION. Mindspeed shall be liable for, and
shall indemnify, defend and hold harmless each member of the Conexant Tax Group
and each of the respective shareowners, directors, officers, employees and
agents and each of the heirs, executors, successors and assigns of any of the
foregoing from and against:

            (i) all Taxes of any member of the Mindspeed Tax Group (other than
Taxes for which Conexant provides indemnification pursuant to Section 3.01(a));

            (ii) all Taxes for any Tax period (whether beginning before, on or
after the Distribution Date) that would not have been payable but for the breach
by any member of the Mindspeed Tax Group of any representation, warranty,
covenant or obligation under this Agreement or that arise in connection with a
transaction specified in Schedule 1.01(A);

            (iii) all liability for a breach by any member of the Mindspeed Tax
Group of any representation, warranty, covenant or obligation under this
Agreement;

            (iv) all Taxes for which Mindspeed is liable pursuant to Section
3.02;

            (v) all Taxes attributable to a Post-Distribution Tax Act; and

            (vi) all liability for any reasonable legal, accounting, appraisal,
consulting or similar fees and expenses relating to the foregoing.

            SECTION 3.02 MINDSPEED TAX ACTS

            (a) Notwithstanding Section 3.01, Mindspeed agrees to indemnify,
defend and hold harmless each member of the Conexant Tax Group and each of the
respective shareowners, directors, officers, employees and agents and each of
the heirs, executors, successors and assigns of any of the foregoing from and
against any Taxes resulting from any Mindspeed Tax Act. A Mindspeed Tax Act
shall mean any action specified on Schedule 3.02(a) attached hereto.

            (b) Mindspeed shall, and shall cause each member of the Mindspeed
Tax Group to, comply with and take no action inconsistent with the Mindspeed Tax
Representation Letter, unless, pursuant to a favorable ruling letter

                                       17
<PAGE>
obtained from the IRS which is satisfactory to Conexant or the advice of
Chadbourne & Parke LLP or other nationally recognized tax counsel to Conexant,
which advice shall be satisfactory to Conexant, such act or omission would not
adversely affect the U.S. federal Income Tax consequences of the Distribution to
Conexant or the shareowners of Conexant. Notwithstanding Sections 3.01(b)(iii),
3.01(b)(iv), 3.01(b)(vi) and 3.01(b)(vii), the parties intend that the sole
remedy for breach of the covenants contained in this Section 3.02(b) shall be as
set forth in Section 3.02(a).

            (c) Notwithstanding the foregoing, a Mindspeed Tax Act shall not
include any transaction or action specifically disclosed or specifically
described in any of the Separation Agreements or, except as specifically set
forth in Schedule 3.01 occurring on or prior to the Distribution Date, any
action taken on or prior to the Distribution Date. A Mindspeed Tax Act shall not
include any action on the part of any member of the Conexant Tax Group.

            (d) Conexant agrees to indemnify, defend and hold harmless each
member of the Mindspeed Tax Group and each of the respective shareowners,
directors, officers, employees and agents and each of the heirs, executors,
successors and assigns of any of the foregoing from and against any Taxes
resulting from any transaction undertaken in connection with the formation of
Mindspeed and the contribution of assets to Mindspeed.

            SECTION 3.03 NOTICE OF INDEMNITY. Whenever a party hereto
(hereinafter an "INDEMNITEE") becomes aware of the existence of an issue raised
by any Tax Authority which could reasonably be expected to result in a
determination that would increase the liability for any Tax of the other party
hereto or any member of its Tax Group for any Tax period or require a payment
hereunder by the other party (hereinafter an "INDEMNITY ISSUE"), the Indemnitee
shall in good faith promptly give notice to such other party (hereinafter the
"INDEMNITOR") of such Indemnity Issue. The failure of the Indemnitee to give
such notice shall not relieve the Indemnitor of its obligations under this
Agreement, except to the extent such Indemnitor or a member of its Tax Group is
actually prejudiced by such failure to give notice.

            SECTION 3.04 PAYMENTS.

            (a) TIMING ADJUSTMENTS.

            (i) TIMING DIFFERENCES. If a Tax audit proceeding or an amendment of
a Tax Return results in a Timing Difference, and such Timing Difference results
in a decrease in an indemnity obligation Conexant has or would otherwise have
under Section 3.01(a) and/or an increase in the amount of a Tax

                                       18
<PAGE>
refund or credit to which Conexant is entitled under Section 2.03, then in each
Post-Tax Indemnification Period in which the Mindspeed Tax Group Actually
Realizes an Income Tax Detriment, Conexant shall pay to Mindspeed an amount
equal to such Income Tax Detriment; provided, however, that the aggregate
payments which Conexant shall be required to make under this Section 3.04(a)(i)
with respect to any Timing Difference shall not exceed the aggregate amount of
the Income Tax Benefits realized by the Conexant Tax Group for all taxable
periods and the Mindspeed Tax Group for all Tax Indemnification Periods as a
result of such Timing Difference. Conexant shall make all such payments within
ten days after Mindspeed notifies Conexant that the relevant Income Tax
Detriment has been Actually Realized.

            (ii) REVERSE TIMING DIFFERENCES. If a Tax audit proceeding or an
amendment to a Tax Return results in a Reverse Timing Difference, and such
Reverse Timing Difference results in an increase in an indemnity payment
obligation of Conexant under Section 3.01(a) and/or a decrease in the amount of
a Tax refund or credit to which Conexant is or would otherwise be entitled under
Section 2.03, then in each Post-Tax Indemnification Period in which the
Mindspeed Tax Group Actually Realizes an Income Tax Benefit, Mindspeed shall pay
to Conexant within ten days after Mindspeed has Actually Realized such Income
Tax Benefit an amount equal to such Income Tax Benefit, provided, however, that
the aggregate payments which Mindspeed shall be required to make under this
Section 3.04(a)(ii) with respect to Reverse Timing Differences shall not exceed
the aggregate amount of the Income Tax Detriments realized by the Mindspeed Tax
Group and the Conexant Tax Group for all Tax Indemnification Periods as a result
of such Reverse Timing Difference.

            (b) TIME FOR PAYMENT. Except as otherwise provided in this Section
3.04(b), any indemnity payment required to be made pursuant to this Agreement
shall be paid within thirty days after the indemnified party makes written
demand upon the indemnifying party, provided that in no event shall such payment
be required to be made earlier than five (5) Business Days prior to the date on
which the relevant Taxes (including estimated Taxes) are required to be paid (or
would be required to be paid if no such Taxes are due) to the relevant Tax
Authority. Notwithstanding any other provision in this Agreement, to simplify
the administration of this Agreement, the payment of any amount less than
$100,000 required to be made pursuant to this Agreement by one party hereto to
another party hereto need not be made to such other party prior to thirty days
following the later of (i) the close of the calendar quarter during which such
payment obligation arose and (ii) the day during such calendar quarter when the
aggregate amount of all such less than $100,000 payment obligations arising
during such calendar quarter exceeds $250,000.

                                       19
<PAGE>
            (c) PAYMENTS NET OF TAXES AND TAX BENEFITS. The amount of any
payment under this Agreement shall be (i) reduced to take into account any net
Tax benefit realized by the recipient's Tax Group arising from the incurrence or
payment by such recipient's Tax Group of any amount in respect of which such
payment is made and (ii) increased to take into account any net Tax cost
incurred by the recipient's Tax Group as a result of the receipt or accrual of
payments hereunder (grossed-up for such increase), in each case determined by
treating the recipient as recognizing all other items of income, gain, loss,
deduction or credit before recognizing any item arising from the receipt of
accrual of any payment hereunder. Except as otherwise provided in this Agreement
or unless the parties otherwise agree to an alternative method for determining
the present value of any such anticipated Tax benefit or Tax cost, any payment
hereunder shall initially be made without regard to this section and shall be
increased or reduced to reflect any such net Tax cost (including gross-up) or
net Tax benefit only after the recipient's Tax Group has Actually Realized such
Tax cost or Tax benefit.

            (d) RIGHT TO OFFSET. Any party making a payment under this Agreement
shall have the right to reduce any such payment by any undisputed amounts owed
to it by the other party to this Agreement.

            (e) CHARACTERIZATION OF PAYMENTS. It is the intention of the parties
to this Agreement that payments made pursuant to this Agreement are to be
treated as relating back to the Distribution as an adjustment to capital (i.e.,
capital contribution or distribution), and the parties shall not take any
position inconsistent with such intention before any Tax Authority, except to
the extent that a final determination (as defined in Section 1313 of the Code)
with respect to the recipient party causes any such payment not to be so
treated.

            SECTION 3.05 TAX CONTESTS. The Indemnitor and its representatives,
at the Indemnitor's expense, shall be entitled to participate (a) in all
conferences, meetings and proceedings with any Tax Authority, the subject matter
of which is or includes an Indemnity Issue and (b) in all appearances before any
court, the subject matter of which is or includes an Indemnity Issue. The party
who has responsibility for filing the Tax Return under this Agreement (the
"RESPONSIBLE PARTY") with respect to which there could be an increase in
liability for any Tax or with respect to which a payment could be required
hereunder shall have the right to decide as between the parties hereto how such
matter is to be dealt with and finally resolved with the appropriate Tax
Authority and shall control all audits and similar

                                       20
<PAGE>
proceedings. If no Tax Return is or was required to be filed in respect of an
Indemnity Issue, the Indemnitor shall be treated as the Responsible Party with
respect thereto. The Responsible Party agrees to cooperate in the settlement of
any Indemnity Issue with the other party and to take such other party's
interests into account.

                                   ARTICLE IV

                         OPTIONS; COMPENSATION PAYMENTS;
                       INTEREST CHARGE FOR LATE PAYMENTS;
              CURRENCY CALCULATIONS; EFFECTIVE TIME OF TRANSACTIONS

            SECTION 4.01 STOCK OPTIONS; RESTRICTED SHARES.

            (a) STOCK OPTION ADJUSTMENTS. Conexant Common Stock Options
outstanding at the time of the Distribution will be adjusted in accordance with
the terms of the Employee Matters Agreement. Conexant Restricted Shares
outstanding at the time of the Distribution will be adjusted in accordance with
the terms of the underlying plan and award for such Conexant Restricted Shares
and the Distribution Agreement.

            (b) TAX DEDUCTIONS. Notwithstanding anything to the contrary in this
Agreement, unless the IRS issues a contrary private letter ruling to Conexant or
Mindspeed, or Conexant and Mindspeed otherwise agree in writing, (i) the
Conexant Tax Group (and not the Mindspeed Tax Group) shall claim any
Post-Distribution Date Tax deductions in respect of Conexant Common Stock
Options exercised by, or Conexant Restricted Shares held by, Conexant Group
Employees and Former Employees, (ii) the Conexant Tax Group (and not the
Mindspeed Tax Group) shall claim any Post-Distribution Date Tax deductions in
respect of Mindspeed Common Stock Options exercised by, or Mindspeed Restricted
Shares held by, Conexant Group Employees and Former Employees and Conexant shall
pay to Mindspeed the amount received as a result of any Tax benefit realized in
respect of such Tax deductions within ten days after such amount is received by
Conexant, (iii) the Mindspeed Tax Group (and not the Conexant Tax Group) shall
claim any Post-Distribution Date Tax deductions in respect of Conexant Common
Stock Options exercised by, or Conexant Restricted Shares held by, Mindspeed
Group Employees and Former Employees and Mindspeed shall pay to Conexant the
amount received as a result of any Tax benefit realized in respect of such Tax
deductions within ten days after such amount is received by Mindspeed, and (iv)
the Mindspeed Tax Group (and not the Conexant Tax Group) shall claim the
Post-Distribution Date Tax deductions in respect of the Mindspeed Common Stock
Options exercised by, or

                                       21
<PAGE>
Mindspeed Restricted Shares held by, Mindspeed Group Employees and Former
Employees. In the case of Skyworks stock options and Skyworks restricted stock
held by Mindspeed Group Employees and Former Employees, to the extent the
allocation agreement between Conexant and Skyworks dated as of June 25, 2002
allocates the Tax deduction to the employer corporation, Mindspeed shall,
within ten days after any Tax refund or credit arising in respect of the Tax
deduction with respect to such stock options and restricted stock is Actually
Realized by Mindspeed, pay such amount to Skyworks.

            (c) NOTICES, WITHHOLDING, REPORTING.

            (i) Conexant shall promptly notify Mindspeed of any
post-Distribution Date event giving rise to income to any Mindspeed Group
Employees and Former Employees in connection with the Conexant Common Stock
Options and Conexant Restricted Shares and, if required by law, Mindspeed shall
withhold applicable Taxes and satisfy applicable Tax reporting obligations in
connection therewith. Conexant shall within ten days of demand thereof reimburse
Mindspeed for all reasonable out-of-pocket expenses incurred in connection with
the Conexant Common Stock Options and Conexant Restricted Shares, including with
respect to incremental Tax reporting obligations and any incremental employment
Tax obligations; provided that Mindspeed shall use reasonable efforts to collect
any such amounts required to be paid by Mindspeed Group Employees and Former
Employees from such Mindspeed Group Employees and Former Employees.

            (ii) Mindspeed shall promptly notify Conexant of any
post-Distribution Date event giving rise to income to any non-Mindspeed Group
Employees and Former Employees in connection with the Mindspeed Common Stock
Options and Mindspeed Restricted Shares and, if required by law, Conexant shall
withhold applicable Taxes and satisfy applicable Tax reporting obligations in
connection therewith. Mindspeed shall within ten days of demand thereof
reimburse Conexant for all reasonable out-of-pocket expenses incurred in
connection with the Mindspeed Common Stock Options and Mindspeed Restricted
Shares, including with respect to incremental Tax reporting obligations and any
incremental employment Tax obligations; provided that Conexant shall use
reasonable efforts to collect any such amounts required to be paid by
non-Mindspeed Group Employees and Former Employees from such non-Mindspeed Group
Employees and Former Employees.

            (d) TAX AUDIT ADJUSTMENTS. Notwithstanding the provisions of Section
4.01(b), in the event a Tax audit proceeding shall determine (by settlement or
otherwise), or the parties otherwise determine pursuant to Section 4.03, that
all or a portion of the Tax deductions in respect of Conexant Common Stock
Options and Conexant Restricted Shares or Mindspeed Common Stock Options and
Mindspeed Restricted Shares should have been claimed by the Mindspeed Tax Group
or the Conexant Tax Group, respectively, the Mindspeed Tax Group or the Conexant
Tax Group, respectively, shall claim such Tax deductions (by an amended Tax
Return or otherwise) and shall pay to Conexant or Mindspeed, as the case may be,
the amount of any Tax refund or credit arising in respect of such Tax deduction
within ten days

                                       22
<PAGE>
after such Tax refund or credit is Actually Realized by the Mindspeed Tax Group
or the Conexant Tax Group, as the case may be.

            (e) STATUS OF DIRECTORS. For purposes of this Section 4.01 (except
as it relates to employment and withholding Taxes), (i) Conexant or Mindspeed
Common Stock Options and Restricted Shares held by present or former
non-employee members of the Conexant Board of Directors shall be treated as held
by present or former employees of Conexant, (ii) Conexant or Mindspeed Common
Stock Options and Restricted Shares held by present or former non-employee
members of the Mindspeed Board of Directors shall be treated as held by present
or former employees of Mindspeed, and (iii) notwithstanding (i) or (ii) above,
Conexant or Mindspeed Common Stock Options and Restricted Shares held by
individuals who, as of the Distribution Date, were both non-employee members of
the Conexant Board of Directors and non-employee members of the Mindspeed Board
of Directors shall be treated as (A) employees of Conexant with respect to
Conexant Common Stock Options exercised by, or Conexant Restricted Shares held
by, such individuals and (B) employees of Mindspeed with respect to Mindspeed
Common Stock Options exercised by, or Mindspeed Restricted Shares held by, such
individuals.

            SECTION 4.02 COMPENSATION PAYMENTS.

            (a) TAX DEDUCTIONS. Notwithstanding anything to the contrary in this
Agreement, unless Conexant and Mindspeed otherwise agree in writing, (i) the
Boeing Tax Group (and not the Conexant Tax Group or the Mindspeed Tax Group)
shall claim the Post-Distribution Date Tax deductions in respect of Compensation
Payments paid to Mindspeed Group Employees and Former Employees who ceased
employment on or before December 6, 1996 and Conexant shall pay to Mindspeed the
amount received from Rockwell as a result of any Tax benefit realized in respect
of such Tax deductions within ten days after such amount is received by
Conexant, (ii) the Rockwell Tax Group (and not the Conexant Tax Group or the
Mindspeed Tax Group) shall claim the Post-Distribution Date Tax deductions in
respect of Compensation Payments paid by the Rockwell Tax Group to Mindspeed
Group Employees and Former Employers; (iii) the Mindspeed Tax Group (and not the
Conexant Tax Group) shall claim the Post-Distribution Date Tax deductions in
respect of Compensation Payments paid by the Mindspeed Tax Group to all other
Mindspeed Group Employees and Former Employees, and (iv) the Conexant Tax Group
(and not the Mindspeed Tax Group) shall claim the Post-Distribution Date Tax
deductions in respect of Compensation Payments paid by the Conexant Tax Group to
all other Mindspeed Group Employees and Former Employees.

            (b) NOTICES, WITHHOLDING, REPORTING. The party responsible for
making the Compensation Payments pursuant to the Employee Matters Agreement

                                       23
<PAGE>
shall withhold applicable Taxes and satisfy applicable Tax reporting obligations
in connection with the Compensation Payments made to all Mindspeed Group
Employees and Former Employees.

            (c) TAX AUDIT ADJUSTMENTS. Notwithstanding the provisions of Section
4.02(a), in the event a Tax audit proceeding shall determine (by settlement or
otherwise), or the parties otherwise determine pursuant to Section 4.03, that
all or a portion of the Tax deductions in respect of Compensation Payments paid
to Mindspeed Group Employees and Former Employees was not available to the party
claiming the Tax deduction, then the appropriate party shall claim such Tax
deductions (by an amended Tax Return or otherwise) and shall pay to the party
which had previously claimed such Tax deduction, within ten days after such Tax
deduction has been Actually Realized by the such appropriate party, the amount
of the resulting Tax benefit to such appropriate party.

            SECTION 4.03 CHANGE IN LAW. Notwithstanding the agreement with
respect to reporting of Tax items and the claiming of the deductions set forth
in Article 4 of this Agreement, neither the Mindspeed Tax Group nor the Conexant
Tax Group shall have any obligation to report any such Tax items or claim such
deductions as set forth in such Article in the event that either such party
determines, based on an opinion of nationally recognized tax counsel, which
opinion shall be satisfactory to the other party, that there is no substantial
authority to support reporting such Tax items or claiming such deductions on a
Tax Return filed by such party as a result of a change in or amendment to any
law or regulation, or any change in the official interpretation thereof,
effective or occurring after the date of this Agreement, and such Tax Group
provides prompt notice to the other Tax Group of any such determination.

            SECTION 4.04 INTEREST CHARGE FOR LATE PAYMENTS. Any amount due and
owing by one party to the other party pursuant to this Agreement that is not
paid when due shall bear interest from the due date thereof until paid at a rate
equal to the JPMorgan Chase Bank base rate in effect from time to time during
such period plus 1%.

            SECTION 4.05 CURRENCY CALCULATIONS. All currency calculations shall
be made in accordance with Section 7.09 of the Distribution Agreement.

            SECTION 4.06 EFFECTIVE TIME OF TRANSACTION. Conexant and Mindspeed
agree that any transaction that, pursuant to the Distribution Agreement, is
expressly effective immediately after the Time of Distribution shall be treated
for federal Income Tax purposes as occurring at the beginning of the day
following the Distribution Date.

                                       24
<PAGE>
                                    ARTICLE V

                     COOPERATION AND EXCHANGE OF INFORMATION

            SECTION 5.01 INCONSISTENT ACTIONS. Each party to this Agreement
agrees (i) to, and to cause each of the relevant members of its Tax Group to,
report the Distribution as a transaction described in Section 368(a)(1)(D) of
the Code on all Tax Returns and other filings, (ii) to use its best efforts to
ensure that the Distribution receives such treatment for U.S. federal Income Tax
purposes and (iii) that, unless it has obtained the prior written consent of the
other party, it (and the members of its Tax Group) shall not take any action
inconsistent with, or fail to take any action required by, the Separation
Agreements.

            SECTION 5.02 [INTENTIONALLY OMITTED].

            SECTION 5.03 [INTENTIONALLY OMITTED].

            SECTION 5.04 COOPERATION AND EXCHANGE OF INFORMATION. Each party
hereto agrees to provide, and to cause each member of its Tax Group to provide,
such cooperation and information as such other party shall request, on a timely
basis, in connection with the preparation or filing of any Tax Return or claim
for Tax refund not inconsistent with this Agreement or in conducting any Tax
audit, Tax dispute, or otherwise in respect of Taxes or to carry out the
provisions of this Agreement. To the extent necessary to carry out the purposes
of this Agreement and subject to the other provisions of this Agreement, such
cooperation and information shall include without limitation the non-exclusive
designation of an officer of Conexant as an officer of Mindspeed and each of its
affiliates (for the purpose of signing Tax Returns, cashing refund checks,
pursuing refund claims, dealing with Tax Authorities and defending audits);
promptly forwarding to the other party, where relevant, copies of appropriate
notices and forms or other communications received from or sent to any Tax
Authority which relate to the Tax Indemnification Period; providing copies of
all relevant Tax Returns for the Tax Indemnification Period, together with
accompanying schedules and related workpapers, documents relating to rulings or
other determinations by Tax Authorities, including without limitation, foreign
Tax Authorities, and records concerning the ownership and Tax basis of property,
which either party may possess; and making its employees involved in the
research and development process available to the other party and having such
employees provide such assistance as the other party may require for such
purposes, provided, however, that neither party shall be obligated to provide
the other party Tax Returns, documentation or other information of a proprietary
or confidential nature for purposes of verifying any calculation, and provided
further, that in any such case where one party does not provide the other party
with Tax Returns, documentation or

                                       25
<PAGE>
information because it is proprietary or confidential, both parties shall
cooperate in developing mutually acceptable procedures including retaining a
mutually agreeable accounting firm to review such Tax Returns, documentation or
information for purposes of verifying such calculation. Subject to the rights of
the Mindspeed Tax Group under the other provisions of this Agreement, such
officer shall have the authority to execute powers of attorney (including Form
2848) on behalf of each member of the Mindspeed Tax Group with respect to Tax
Returns for the Tax Indemnification Period. Each party to this Agreement shall
make, or shall cause its affiliates to make, its employees and facilities
available on a mutually convenient basis to provide an explanation of any
documents or information provided hereunder.

            SECTION 5.05 TAX RECORDS.

            (a) Conexant and Mindspeed agree to (and to cause each member of
their respective Tax Group to) (i) retain all Tax Returns, related schedules and
workpapers, and all material records and other documents as required under
Section 6001 of the Code and the regulations promulgated thereunder relating
thereto existing on the date hereof or created through the Distribution Date,
for a period of at least ten years following the Distribution Date and (ii)
allow the party to this Agreement, at times and dates reasonably acceptable to
the retaining party, to inspect, review and make copies of such records, as
Conexant and Mindspeed may reasonably deem necessary or appropriate from time to
time. In addition, after the expiration of such ten-year period, such Tax
Returns, related schedules and workpapers, and material records shall not be
destroyed or otherwise disposed of at any time, unless, prior to such
destruction or disposal, (A) the party proposing to destroy or otherwise dispose
of such records shall provide no less than 30 days' prior written notice to the
other party, specifying in reasonable detail the records proposed to be
destroyed or disposed of and (B) if a recipient of such notice shall request in
writing prior to the scheduled date for such destruction or disposal that any of
the records proposed to be destroyed or disposed of be delivered to such
requesting party, the party proposing the destruction or disposal shall promptly
arrange for the delivery of such requested records at the expense of the party
requesting such records.

            (b) Notwithstanding anything in this Agreement to the contrary, if
any party fails to comply with the requirements of Section 5.05(a) hereof, the
party failing so to comply shall be liable for, and shall hold the other party,
harmless from, any Taxes (including without limitation, penalties for failure to
comply with the record retention requirements of the Code) and other costs
resulting from such party's failure to comply.

                                       26
<PAGE>
                                   ARTICLE VI

                                  MISCELLANEOUS

            SECTION 6.01 ENTIRE AGREEMENT; CONSTRUCTION. This Agreement, the
Distribution Agreement, the other Separation Agreements and the Financing
Agreements, including any annexes, schedules and exhibits hereto or thereto, and
other agreements and documents referred to herein and therein, will together
constitute the entire agreement between the parties with respect to the subject
matter hereof and thereof and will supersede all prior negotiations, agreements
and understandings of the parties of any nature, whether oral or written, with
respect to such subject matter. Notwithstanding any other provisions in the
Separation Agreements to the contrary, in the event and to the extent that there
is a conflict relating to Taxes between the provisions of this Agreement and the
provisions of the Distribution Agreement or any other Separation Agreement, the
provisions of this Agreement will control.

            SECTION 6.02 EFFECTIVENESS. All covenants and agreements of the
parties contained in this Agreement shall be subject to and conditioned upon the
Distribution becoming effective.

            SECTION 6.03 SURVIVAL OF AGREEMENTS. Except as otherwise
contemplated by the Separation Agreements, all covenants and agreements of the
parties contained in this Agreement will remain in full force and effect and
survive the Time of Distribution.

            SECTION 6.04 GOVERNING LAW. This Agreement will be governed by and
construed in accordance with the internal laws of the State of Delaware
applicable to contracts made and to be performed entirely within such State,
without regard to the conflicts of law principles of such State.

            SECTION 6.05 NOTICES. All notices, requests, claims, demands and
other communications required or permitted to be given hereunder will be in
writing and will be delivered by hand, telecopied, e-mailed or sent, postage
prepaid, by registered, certified or express mail or reputable overnight courier
service and will be deemed given when so delivered by hand or telecopied, when
e-mail confirmation is received if delivered by e-mail, or three (3) Business
Days after being so mailed (one (1) Business Day in the case of express mail or
overnight courier service). All such notices, requests, claims, demands and
other communications will be addressed as set forth in Section 7.04 of the
Distribution Agreement, or pursuant to such other instructions as may be
designated in writing by the party to receive such notice.

                                       27
<PAGE>
            SECTION 6.06 AMENDMENTS. This Agreement may not be amended, modified
or supplemented except by a written agreement executed by Conexant and
Mindspeed.

            SECTION 6.07 SUCCESSORS AND ASSIGNS. Neither party to this Agreement
will convey, assign or otherwise transfer any of its rights or obligations under
this Agreement without the prior written consent of the other party in its sole
and absolute discretion other than as expressly provided herein, any party may
(without obtaining any consent) assign any of its rights hereunder to a
successor to all or any part of its business. Any such conveyance, assignment or
transfer requiring the prior written consent of another party which is made
without such consent will be void ab initio. No assignment of this Agreement
will relieve the assigning party of its obligations hereunder.

            SECTION 6.08 CAPTIONS; CURRENCY. The article, section and paragraph
captions herein and the table of contents hereto are for convenience of
reference only, do not constitute part of this Agreement and will not be deemed
to limit or otherwise affect any of the provisions hereof. Unless otherwise
specified, all references herein to numbered articles or sections are to
articles and sections of this Agreement and all references herein to schedules
are to schedules to this Agreement. Unless otherwise specified, all references
contained in this Agreement or in any schedule referred to herein to dollars or
"$" shall mean U.S. dollars.

            SECTION 6.09 SEVERABILITY. If any provision of this Agreement or the
application thereof to any person or circumstance is determined by a court of
competent jurisdiction to be invalid, void or unenforceable, the remaining
provisions hereof, or the application of such provision to persons or
circumstances other than those as to which it has been held invalid or
unenforceable, will remain in full force and effect and will in no way be
affected, impaired or invalidated thereby. If the economic or legal substance of
the transactions contemplated hereby is affected in any manner adverse to any
party as a result thereof, the parties will negotiate in good faith in an effort
to agree upon a suitable and equitable substitute provision to effect the
original intent of the parties.

            SECTION 6.10 PARTIES IN INTEREST. Except for the provisions of
Article III relating to Tax Indemnification, this Agreement is solely for the
benefit of the parties hereto and the respective members of their Tax Group and
should not be deemed to confer upon third parties (including any employee of
Conexant or Mindspeed or of any Conexant or Mindspeed subsidiary) any remedy,
claim, reimbursement, claim of action or other right in excess of those existing
without reference to this Agreement.

                                       28
<PAGE>
            SECTION 6.11 SCHEDULES. All schedules attached hereto are hereby
incorporated in and made a part of this Agreement as if set forth in full
herein. Capitalized terms used in the schedules hereto but not otherwise defined
therein will have the respective meanings assigned to such terms in this
Agreement.

            SECTION 6.12 TERMINATION. This Agreement may be terminated and the
Distribution abandoned at any time prior to the Distribution Date by and in the
sole discretion of the Conexant Board without the approval of Mindspeed or
Conexant's shareowners. In the event of such termination, neither party will
have any liability of any kind to the other party on account of such
termination.

            SECTION 6.13 WAIVERS; REMEDIES. No failure or delay by any party
hereto in exercising any right, power or privilege hereunder will operate as a
waiver thereof, nor will any waiver on the part of any party hereto of any
right, power or privilege hereunder operate as a waiver of any other right,
power or privilege hereunder, nor will any single or partial exercise of any
right, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder.
Subject to Section 6.17, the rights and remedies herein provided are cumulative
and are not exclusive of any rights or remedies which the parties may otherwise
have at law or in equity.

            SECTION 6.14 COUNTERPARTS. This Agreement may be executed in
separate counterparts, each such counterpart being deemed to be an original
instrument, and all such counterparts will together constitute the same
agreement. This Agreement may be executed and delivered by telecopier with the
same force and effect as if it were a manually executed and delivered
counterpart.

            SECTION 6.15 PERFORMANCE. Each party hereto will cause to be
performed, and hereby guarantees the performance of all actions, agreements and
obligations set forth herein to be performed by any subsidiary or any member of
such party's Tax Group.

            SECTION 6.16 INTERPRETATION. Any reference to any federal, state,
local, or foreign law shall be deemed also to refer to all rules and regulations
promulgated thereunder, unless the context requires otherwise. For the purposes
of this Agreement, (i) words in the singular shall be held to include the plural
and vice versa and words of one gender shall be held to include the other gender
as the context requires, (ii) the terms "hereof ", "herein", and "herewith" and
words of similar import shall, unless otherwise stated, be construed to refer to
this Agreement as a whole and not to any particular provision of this Agreement
and (iii) the word "including" and words of similar import when used in this
Agreement shall mean "including, without limitation".

                                       29
<PAGE>
            SECTION 6.17 DISPUTE RESOLUTION. Any dispute, claim or controversy
arising out of or relating to any provision of this Agreement or the breach,
performance or validity thereof will be resolved in accordance with the
procedures set forth in Section 7.05 of the Distribution Agreement.

                                       30
<PAGE>
            IN WITNESS WHEREOF, this Agreement has been duly executed and
delivered by the duly authorized officers of the parties as of the date first
hereinabove written.

                                    CONEXANT SYSTEMS, INC.

                                    By:
                                        -----------------------------
                                        Name:
                                        Title:

                                    MINDSPEED TECHNOLOGIES, INC.

                                    By:
                                        -----------------------------
                                        Name:
                                        Title:

                                       31<PAGE>

                                                                  Exhibit 10.8.1

                                                                       [5/13/03]

                                    FORM OF
                              EMPLOYMENT AGREEMENT

            AGREEMENT by and between Mindspeed Technologies, Inc., a Delaware
corporation (the "Company") and [ ] (the "Executive"), dated as of the [ ] day
of [ ], 2003.

            The Board of Directors of the Company (the "Board") has determined
that it is in the best interests of the Company and its shareholders to assure
that the Company will have the continued dedication of the Executive,
notwithstanding the possibility, threat or occurrence of a Change of Control (as
defined below) of the Company. The Board believes it is imperative to diminish
the inevitable distraction of the Executive by virtue of the personal
uncertainties and risks created by a pending or threatened Change of Control and
to encourage the Executive's full attention and dedication to the Company
currently and in the event of any threatened or pending Change of Control, and
to provide the Executive with compensation and benefits arrangements upon a
Change of Control which ensure that the compensation and benefits expectations
of the Executive will be satisfied and which are competitive with those of other
corporations. Therefore, in order to accomplish these objectives, the Board has
caused the Company to enter into this Agreement.

            NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

            1. Certain Definitions. (a) The "Effective Date" shall mean the
first date during the Change of Control Period (as defined in Section 1(b)) on
which a Change of Control (as defined in Section 2) occurs. Anything in this
Agreement to the contrary notwithstanding, if a Change of Control occurs and if
the Executive's employment with the Company is terminated prior to the date on
which the Change of Control occurs, and if it is reasonably demonstrated by the
Executive that such termination of employment (i) was at the request of a third
party who has taken steps reasonably calculated to effect a Change of Control or
(ii) otherwise arose in connection with or anticipation of a Change of Control,
then for all purposes of this Agreement the "Effective Date" shall mean the date
immediately prior to the date of such termination of employment.

            (b) The "Change of Control Period" shall mean the period commencing
on the date hereof and ending on the third anniversary of the date hereof;
provided, however, that commencing on the date one year after the date hereof,
and on each annual anniversary of such date (such date and each annual
anniversary thereof shall be hereinafter referred to as the "Renewal Date"),
unless previously terminated, the Change of Control Period shall be
automatically extended so as to terminate three years from such Renewal Date,
unless at least 60 days prior to the Renewal Date the Company shall give notice
to the Executive that the Change of Control Period shall not be so extended.
<PAGE>
            2. Change of Control. For the purpose of this Agreement, a "Change
of Control" shall mean:

            (a) The acquisition by any individual, entity or group (within the
      meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
      1934, as amended (the "Exchange Act")) (a "Person") of beneficial
      ownership (within the meaning of Rule 13d-3 promulgated under the Exchange
      Act) of 20% or more of either (i) the then outstanding shares of common
      stock of the Company (the "Outstanding Company Common Stock") or (ii) the
      combined voting power of the then outstanding voting securities of the
      Company entitled to vote generally in the election of directors (the
      "Outstanding Company Voting Securities"); provided, however, that for
      purposes of this subsection (a), the following acquisitions shall not
      constitute a Change of Control: (i) any acquisition directly from the
      Company, (ii) any acquisition by the Company, (iii) any acquisition by
      Conexant Systems, Inc., (iv) any acquisition by any employee benefit plan
      (or related trust) sponsored or maintained by the Company, Conexant
      Systems, Inc. or any corporation controlled by the Company or Conexant
      Systems, Inc. or (iv) any acquisition pursuant to a transaction which
      complies with clauses (i), (ii) and (iii) of subsection (c) of this
      Section 2; or

            (b) Individuals who, as of the date of the distribution of the
      Outstanding Company Common Stock to the holders of capital stock of
      Conexant Systems, Inc., constitute the Board (the "Incumbent Board") cease
      for any reason to constitute at least a majority of the Board; provided,
      however, that any individual becoming a director subsequent to the date
      hereof whose election, or nomination for election by the Company's
      shareholders, was approved by a vote of at least a majority of the
      directors then comprising the Incumbent Board shall be considered as
      though such individual were a member of the Incumbent Board, but
      excluding, for this purpose, any such individual whose initial assumption
      of office occurs as a result of an actual or threatened election contest
      with respect to the election or removal of directors or other actual or
      threatened solicitation of proxies or consents by or on behalf of a Person
      other than the Board; or

            (c) Consummation of a reorganization, merger or consolidation or
      sale or other disposition of all or substantially all of the assets of the
      Company or the acquisition of assets of another entity (a "Business
      Combination"), in each case, unless, following such Business Combination,
      (i) all or substantially all of the individuals and entities who were the
      beneficial owners, respectively, of the Outstanding Company Common Stock
      and Outstanding Company Voting Securities immediately prior to such
      Business Combination beneficially own, directly or indirectly, more than
      60% of, respectively, the then outstanding shares of common stock and the
      combined voting power of the then outstanding voting securities

                                       2
<PAGE>
      entitled to vote generally in the election of directors, as the case may
      be, of the corporation resulting from such Business Combination
      (including, without limitation, a corporation which as a result of such
      transaction owns the Company or all or substantially all of the Company's
      assets either directly or through one or more subsidiaries) in
      substantially the same proportions as their ownership, immediately prior
      to such Business Combination, of the Outstanding Company Common Stock and
      Outstanding Company Voting Securities, as the case may be, (ii) no Person
      (excluding Conexant Systems, Inc., any employee benefit plan (or related
      trust) of the Company, of Conexant Systems, Inc. or of such corporation
      resulting from such Business Combination) beneficially owns, directly or
      indirectly, 20% or more of, respectively, the then outstanding shares of
      common stock of the corporation resulting from such Business Combination
      or the combined voting power of the then outstanding voting securities of
      such corporation except to the extent that such ownership existed prior to
      the Business Combination and (iii) at least a majority of the members of
      the board of directors of the corporation resulting from such Business
      Combination were members of the Incumbent Board at the time of the
      execution of the initial agreement, or of the action of the Board,
      providing for such Business Combination; or

            (d) Approval by the Company's shareholders of a complete liquidation
      or dissolution of the Company.

            3. Employment Period. The Company hereby agrees to continue the
Executive in its employ, and the Executive hereby agrees to remain in the employ
of the Company subject to the terms and conditions of this Agreement, for the
period commencing on the Effective Date and ending on the third anniversary of
such date (the "Employment Period").

            4. Terms of Employment. (a) Position and Duties. (i) During the
Employment Period, (A) the Executive's position (including status, offices,
titles and reporting requirements), authority, duties and responsibilities shall
be at least commensurate in all material respects with the most significant of
those held, exercised and assigned at any time during the 120-day period
immediately preceding the Effective Date and (B) the Executive's services shall
be performed at the location where the Executive was employed immediately
preceding the Effective Date or any office or location less than 35 miles from
such location.

                  (ii) During the Employment Period, and excluding any periods
of vacation and sick leave to which the Executive is entitled, the Executive
agrees to devote reasonable attention and time during normal business hours to
the business and affairs of the Company and, to the extent necessary to
discharge the responsibilities assigned to the Executive hereunder, to use the
Executive's reasonable best efforts to perform faithfully

                                       3
<PAGE>
and efficiently such responsibilities. During the Employment Period it shall not
be a violation of this Agreement for the Executive to (A) serve on corporate,
civic or charitable boards or committees, (B) deliver lectures, fulfill speaking
engagements or teach at educational institutions and (C) manage personal
investments, so long as such activities do not significantly interfere with the
performance of the Executive's responsibilities as an employee of the Company in
accordance with this Agreement. It is expressly understood and agreed that to
the extent that any such activities have been conducted by the Executive prior
to the Effective Date, the continued conduct of such activities (or the conduct
of activities similar in nature and scope thereto) subsequent to the Effective
Date shall not thereafter be deemed to interfere with the performance of the
Executive's responsibilities to the Company.

            (b) Compensation. (i) Base Salary. During the Employment Period, the
Executive shall receive an annual base salary ("Annual Base Salary"), which
shall be paid at a monthly rate, at least equal to twelve times the highest
monthly base salary paid or payable, including any base salary which has been
earned but deferred, to the Executive by the Company and its affiliated
companies in respect of the twelve-month period immediately preceding the month
in which the Effective Date occurs. During the Employment Period, the Annual
Base Salary shall be reviewed no more than 12 months after the last salary
increase awarded to the Executive prior to the Effective Date and thereafter at
least annually. Any increase in Annual Base Salary shall not serve to limit or
reduce any other obligation to the Executive under this Agreement. Annual Base
Salary shall not be reduced after any such increase and the term Annual Base
Salary as utilized in this Agreement shall refer to Annual Base Salary as so
increased. As used in this Agreement, the term "affiliated companies" shall
include any company controlled by, controlling or under common control with the
Company.

                  (ii) Annual Bonus. In addition to Annual Base Salary, the
Executive shall be awarded, for each fiscal year ending during the Employment
Period, an annual bonus (the "Annual Bonus") in cash at least equal to the
Executive's highest bonus under the Company's annual incentive plans for the
last three full fiscal years prior to the Effective Date (annualized in the
event that the Executive was not employed by the Company for the whole of such
fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid
no later than the end of the third month of the fiscal year next following the
fiscal year for which the Annual Bonus is awarded, unless the Executive shall
elect to defer the receipt of such Annual Bonus.

                  (iii) Incentive and Savings Plans. During the Employment
Period, the Executive shall be entitled to participate in all incentive and
savings plans, practices, policies and programs applicable generally to other
peer executives of the Company and its affiliated companies, but in no event
shall such plans, practices, policies and programs provide the Executive with
incentive opportunities (measured with respect to both regular

                                       4
<PAGE>
and special incentive opportunities, to the extent, if any, that such
distinction is applicable) and savings opportunities, in each case, less
favorable, in the aggregate, than the most favorable of those provided by the
Company and its affiliated companies for the Executive under such plans,
practices, policies and programs as in effect at any time during the 120-day
period immediately preceding the Effective Date or if more favorable to the
Executive, those provided generally at any time after the Effective Date to
other peer executives of the Company and its affiliated companies.

                  (iv) Welfare Benefit Plans. During the Employment Period, the
Executive and/or the Executive's family, as the case may be, shall be eligible
for participation in and shall receive all benefits under welfare benefit plans,
practices, policies and programs provided by the Company and its affiliated
companies (including, without limitation, medical, prescription, dental,
disability, employee life, group life, accidental death and travel accident
insurance plans and programs) to the extent applicable generally to other peer
executives of the Company and its affiliated companies, but in no event shall
such plans, practices, policies and programs provide the Executive with benefits
which are less favorable, in the aggregate, than the most favorable of such
plans, practices, policies and programs in effect for the Executive at any time
during the 120-day period immediately preceding the Effective Date or, if more
favorable to the Executive, those provided generally at any time after the
Effective Date to other peer executives of the Company and its affiliated
companies.

                  (v) Expenses. During the Employment Period, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in accordance with the most favorable policies,
practices and procedures of the Company and its affiliated companies in effect
for the Executive at any time during the 120-day period immediately preceding
the Effective Date or, if more favorable to the Executive, as in effect
generally at any time thereafter with respect to other peer executives of the
Company and its affiliated companies.

                  (vi) Fringe Benefits. During the Employment Period, the
Executive shall be entitled to fringe benefits, including, without limitation,
tax and financial planning services, payment of club dues, and, if applicable,
use of an automobile and payment of related expenses, in accordance with the
most favorable plans, practices, programs and policies of the Company and its
affiliated companies in effect for the Executive at any time during the 120-day
period immediately preceding the Effective Date or, if more favorable to the
Executive, as in effect generally at any time thereafter with respect to other
peer executives of the Company and its affiliated companies.

                  (vii) Office and Support Staff. During the Employment Period,
the Executive shall be entitled to an office or offices of a size and with
furnishings and other appointments, and to exclusive personal secretarial and
other assistance, at least equal to

                                       5
<PAGE>
the most favorable of the foregoing provided to the Executive by the Company and
its affiliated companies at any time during the 120-day period immediately
preceding the Effective Date or, if more favorable to the Executive, as provided
generally at any time thereafter with respect to other peer executives of the
Company and its affiliated companies.

                  (viii) Vacation. During the Employment Period, the Executive
shall be entitled to paid vacation in accordance with the most favorable plans,
policies, programs and practices of the Company and its affiliated companies as
in effect for the Executive at any time during the 120-day period immediately
preceding the Effective Date or, if more favorable to the Executive, as in
effect generally at any time thereafter with respect to other peer executives of
the Company and its affiliated companies.

            5. Termination of Employment. (a) Death or Disability. The
Executive's employment shall terminate automatically upon the Executive's death
during the Employment Period. If the Company determines in good faith that the
Disability of the Executive has occurred during the Employment Period (pursuant
to the definition of Disability set forth below), it may give to the Executive
written notice in accordance with Section 12(b) of this Agreement of its
intention to terminate the Executive's employment. In such event, the
Executive's employment with the Company shall terminate effective on the 30th
day after receipt of such notice by the Executive (the "Disability Effective
Date"), provided that, within the 30 days after such receipt, the Executive
shall not have returned to full-time performance of the Executive's duties. For
purposes of this Agreement, "Disability" shall mean the absence of the Executive
from the Executive's duties with the Company on a full-time basis for 180
consecutive business days as a result of incapacity due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Company or its insurers and acceptable to the Executive or the Executive's
legal representative.

            (b) Cause. The Company may terminate the Executive's employment
during the Employment Period for Cause. For purposes of this Agreement, "Cause"
shall mean:

                  (i) the willful and continued failure of the Executive to
     perform substantially the Executive's duties with the Company or one of its
     affiliates (other than any such failure resulting from incapacity due to
     physical or mental illness), after a written demand for substantial
     performance is delivered to the Executive by the Board or the Chief
     Executive Officer of the Company which specifically identifies the manner
     in which the Board or Chief Executive Officer believes that the Executive
     has not substantially performed the Executive's duties, or

                                       6
<PAGE>
                  (ii) the willful engaging by the Executive in illegal conduct
    or gross misconduct which is materially and demonstrably injurious to the
    Company.

            For purposes of this provision, no act or failure to act, on the
part of the Executive, shall be considered "willful" unless it is done, or
omitted to be done, by the Executive in bad faith or without reasonable belief
that the Executive's action or omission was in the best interests of the
Company. Any act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board or upon the instructions of the Chief
Executive Officer or a senior officer of the Company or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to
be done, by the Executive in good faith and in the best interests of the
Company. The cessation of employment of the Executive shall not be deemed to be
for Cause unless and until there shall have been delivered to the Executive a
copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board
called and held for such purpose (after reasonable notice is provided to the
Executive and the Executive is given an opportunity, together with counsel, to
be heard before the Board), finding that, in the good faith opinion of the
Board, the Executive is guilty of the conduct described in subparagraph (i) or
(ii) above, and specifying the particulars thereof in detail.

            (c) Good Reason. The Executive's employment may be terminated by the
Executive for Good Reason. For purposes of this Agreement, "Good Reason" shall
mean:

                  (i) the assignment to the Executive of any duties inconsistent
    in any respect with the Executive's position (including status, offices,
    titles and reporting requirements), authority, duties or responsibilities as
    contemplated by Section 4(a) of this Agreement, or any other action by the
    Company which results in a diminution in such position, authority, duties or
    responsibilities, excluding for this purpose an isolated, insubstantial and
    inadvertent action not taken in bad faith and which is remedied by the
    Company promptly after receipt of notice thereof given by the Executive;

                  (ii) any failure by the Company to comply with any of the
    provisions of Section 4(b) of this Agreement, other than an isolated,
    insubstantial and inadvertent failure not occurring in bad faith and which
    is remedied by the Company promptly after receipt of notice thereof given by
    the Executive;

                  (iii) the Company's requiring the Executive to be based at any
    office or location other than as provided in Section 4(a)(i)(B) hereof or
    the Company's requiring the Executive to travel on Company business to a
    substantially greater extent than required immediately prior to the
    Effective Date;

                                       7
<PAGE>
                  (iv) any purported termination by the Company of the
    Executive's employment otherwise than as expressly permitted by this
    Agreement; or

                  (v) any failure by the Company to comply with and satisfy
    Section 11(c) of this Agreement.

              For purposes of this Section 5(c), any good faith determination of
"Good Reason" made by the Executive shall be conclusive.

              (d) Notice of Termination. Any termination by the Company for
Cause, or by the Executive for Good Reason, shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 12(b) of
this Agreement. For purposes of this Agreement, a "Notice of Termination" means
a written notice which (i) indicates the specific termination provision in this
Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of
the Executive's employment under the provision so indicated and (iii) if the
Date of Termination (as defined below) is other than the date of receipt of such
notice, specifies the termination date (which date shall be not more than thirty
days after the giving of such notice). The failure by the Executive or the
Company to set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of Good Reason or Cause shall not waive any right of
the Executive or the Company, respectively, hereunder or preclude the Executive
or the Company, respectively, from asserting such fact or circumstance in
enforcing the Executive's or the Company's rights hereunder.

            (e) Date of Termination. "Date of Termination" means (i) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified therein, as the case may be, (ii) if the Executive's
employment is terminated by the Company other than for Cause or Disability, the
Date of Termination shall be the date on which the Company notifies the
Executive of such termination and (iii) if the Executive's employment is
terminated by reason of death or Disability, the Date of Termination shall be
the date of death of the Executive or the Disability Effective Date, as the case
may be.

            6. Obligations of the Company upon Termination. (a) Good Reason;
Other Than for Cause, Death or Disability. If, during the Employment Period, the
Company shall terminate the Executive's employment other than for Cause or
Disability or the Executive shall terminate employment for Good Reason:

                  (i) the Company shall pay to the Executive in a lump sum in
    cash within 30 days after the Date of Termination the aggregate of the
    following amounts:

                                       8
<PAGE>
                  A. the sum of (1) the Executive's Annual Base Salary through
            the Date of Termination to the extent not theretofore paid, (2) the
            product of (x) the higher of (I) the Recent Annual Bonus and (II)
            the Annual Bonus paid or payable, including any bonus or portion
            thereof which has been earned but deferred (and annualized for any
            fiscal year consisting of less than twelve full months or during
            which the Executive was employed for less than twelve full months),
            for the most recently completed fiscal year during the Employment
            Period, if any (such higher amount being referred to as the "Highest
            Annual Bonus") and (y) a fraction, the numerator of which is the
            number of days in the current fiscal year through the Date of
            Termination, and the denominator of which is 365 and (3) any
            compensation previously deferred by the Executive (together with any
            accrued interest or earnings thereon) and any accrued vacation pay,
            in each case to the extent not theretofore paid (the sum of the
            amounts described in clauses (1), (2), and (3) shall be hereinafter
            referred to as the "Accrued Obligations"); and

                  B. the amount equal to the product of (1) [two] [three] and
            (2) the sum of (x) the Executive's Annual Base Salary and (y) the
            Highest Annual Bonus.

                  (ii) for two years after the Executive's Date of Termination,
    or such longer period as may be provided by the terms of the appropriate
    plan, program, practice or policy, the Company shall continue benefits to
    the Executive and/or the Executive's family at least equal to those which
    would have been provided to them in accordance with the plans, programs,
    practices and policies described in Section 4(b)(iv) of this Agreement if
    the Executive's employment had not been terminated or, if more favorable to
    the Executive, as in effect generally at any time thereafter with respect to
    other peer executives of the Company and its affiliated companies and their
    families, provided, however, that if the Executive becomes reemployed with
    another employer and is eligible to receive medical or other welfare
    benefits under another employer provided plan, the medical and other welfare
    benefits described herein shall be secondary to those provided under such
    other plan during such applicable period of eligibility. For purposes of
    determining eligibility (but not the time of commencement of benefits) of
    the Executive for retiree benefits pursuant to such plans, practices,
    programs and policies, the Executive shall be considered to have remained
    employed until two years after the Date of Termination and to have retired
    on the last day of such period;

                  (iii) the Company shall, at its sole expense as incurred,
    provide the Executive with outplacement services the scope and provider of
    which shall be selected by the Executive in his sole discretion; and

                                       9
<PAGE>
                  (iv) to the extent not theretofore paid or provided, the
    Company shall timely pay or provide to the Executive any other amounts or
    benefits required to be paid or provided or which the Executive is eligible
    to receive under any plan, program, policy or practice or contract or
    agreement of the Company and its affiliated companies (such other amounts
    and benefits shall be hereinafter referred to as the "Other Benefits").

            (b) Death. If the Executive's employment is terminated by reason of
the Executive's death during the Employment Period, this Agreement shall
terminate without further obligations to the Executive's legal representatives
under this Agreement, other than for payment of Accrued Obligations and the
timely payment or provision of Other Benefits. Accrued Obligations shall be paid
to the Executive's estate or beneficiary, as applicable, in a lump sum in cash
within 30 days of the Date of Termination. With respect to the provision of
Other Benefits, the term Other Benefits as utilized in this Section 6(b) shall
include, without limitation, and the Executive's estate and/or beneficiaries
shall be entitled to receive, benefits at least equal to the most favorable
benefits provided by the Company and affiliated companies to the estates and
beneficiaries of peer executives of the Company and such affiliated companies
under such plans, programs, practices and policies relating to death benefits,
if any, as in effect with respect to other peer executives and their
beneficiaries at any time during the 120-day period immediately preceding the
Effective Date or, if more favorable to the Executive's estate and/or the
Executive's beneficiaries, as in effect on the date of the Executive's death
with respect to other peer executives of the Company and its affiliated
companies and their beneficiaries.

            (c) Disability. If the Executive's employment is terminated by
reason of the Executive's Disability during the Employment Period, this
Agreement shall terminate without further obligations to the Executive, other
than for payment of Accrued Obligations and the timely payment or provision of
Other Benefits. Accrued Obligations shall be paid to the Executive in a lump sum
in cash within 30 days of the Date of Termination. With respect to the provision
of Other Benefits, the term Other Benefits as utilized in this Section 6(c)
shall include, and the Executive shall be entitled after the Disability
Effective Date to receive, disability and other benefits at least equal to the
most favorable of those generally provided by the Company and its affiliated
companies to disabled executives and/or their families in accordance with such
plans, programs, practices and policies relating to disability, if any, as in
effect generally with respect to other peer executives and their families at any
time during the 120-day period immediately preceding the Effective Date or, if
more favorable to the Executive and/or the Executive's family, as in effect at
any time thereafter generally with respect to other peer executives of the
Company and its affiliated companies and their families.

                                       10
<PAGE>
            (d) Cause; Other than for Good Reason. If the Executive's employment
shall be terminated for Cause during the Employment Period, this Agreement shall
terminate without further obligations to the Executive other than the obligation
to pay to the Executive (x) his Annual Base Salary through the Date of
Termination, (y) the amount of any compensation previously deferred by the
Executive, and (z) Other Benefits, in each case to the extent theretofore
unpaid. If the Executive voluntarily terminates employment during the Employment
Period, excluding a termination for Good Reason, this Agreement shall terminate
without further obligations to the Executive, other than for Accrued Obligations
and the timely payment or provision of Other Benefits. In such case, all Accrued
Obligations shall be paid to the Executive in a lump sum in cash within 30 days
of the Date of Termination.

            7. Non-exclusivity of Rights. Nothing in this Agreement shall
prevent or limit the Executive's continuing or future participation in any plan,
program, policy or practice provided by the Company or any of its affiliated
companies and for which the Executive may qualify, nor, subject to Section
12(f), shall anything herein limit or otherwise affect such rights as the
Executive may have under any contract or agreement with the Company or any of
its affiliated companies. Amounts which are vested benefits or which the
Executive is otherwise entitled to receive under any plan, policy, practice or
program of or any contract or agreement with the Company or any of its
affiliated companies at or subsequent to the Date of Termination shall be
payable in accordance with such plan, policy, practice or program or contract or
agreement except as explicitly modified by this Agreement.

            8. Full Settlement. The Company's obligation to make the payments
provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be affected by any set-off, counterclaim, recoupment,
defense or other claim, right or action which the Company may have against the
Executive or others. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement and such amounts
shall not be reduced whether or not the Executive obtains other employment. The
Company agrees to pay as incurred, to the full extent permitted by law, all
legal fees and expenses which the Executive may reasonably incur as a result of
any contest (regardless of the outcome thereof) by the Company, the Executive or
others of the validity or enforceability of, or liability under, any provision
of this Agreement or any guarantee of performance thereof (including as a result
of any contest by the Executive about the amount of any payment pursuant to this
Agreement), plus in each case interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code
of 1986, as amended (the "Code").

                                       11
<PAGE>
            9. Certain Additional Payments by the Company.

            (a) Anything in this Agreement to the contrary notwithstanding and
except as set forth below, in the event it shall be determined that any payment
or distribution by the Company or its affiliates to or for the benefit of the
Executive (whether paid or payable or distributed or distributable pursuant to
the terms of this Agreement or otherwise, but determined without regard to any
additional payments required under this Section 9) (a "Payment") would be
subject to the excise tax imposed by Section 4999 of the Code or any interest or
penalties are incurred by the Executive with respect to such excise tax (such
excise tax, together with any such interest and penalties, are hereinafter
collectively referred to as the "Excise Tax"), then the Executive shall be
entitled to receive an additional payment (a "Gross-Up Payment") in an amount
such that after payment by the Executive of all taxes (including any interest or
penalties imposed with respect to such taxes), including, without limitation,
any income taxes (and any interest and penalties imposed with respect thereto)
and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an
amount of the Gross-Up Payment equal to the Excise Tax imposed upon the
Payments. Notwithstanding the foregoing provisions of this Section 9(a), if it
shall be determined that the Executive is entitled to a Gross-Up Payment, but
that the Payments do not exceed 110% of the greatest amount (the "Reduced
Amount") that could be paid to the Executive such that the receipt of Payments
would not give rise to any Excise Tax, then no Gross-Up Payment shall be made to
the Executive and the Payments, in the aggregate, shall be reduced to the
Reduced Amount.

            (b) Subject to the provisions of Section 9(c), all determinations
required to be made under this Section 9, including whether and when a Gross-Up
Payment is required and the amount of such Gross-Up Payment and the assumptions
to be utilized in arriving at such determination, shall be made by Deloitte &
Touche LLP or such other certified public accounting firm as may be designated
by the Executive (the "Accounting Firm") which shall provide detailed supporting
calculations both to the Company and the Executive within 15 business days of
the receipt of notice from the Executive that there has been a Payment, or such
earlier time as is requested by the Company. In the event that the Accounting
Firm is serving as accountant or auditor for the individual, entity or group
effecting the Change of Control, the Executive shall appoint another nationally
recognized accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All
fees and expenses of the Accounting Firm shall be borne solely by the Company.
Any Gross-Up Payment, as determined pursuant to this Section 9, shall be paid by
the Company to the Executive within five days of the receipt of the Accounting
Firm's determination. Any determination by the Accounting Firm shall be binding
upon the Company and the Executive. As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination
by the Accounting Firm hereunder, it is possible that Gross-Up Payments which
will not have been made by the Company should have been

                                       12
<PAGE>
made ("Underpayment"), consistent with the calculations required to be made
hereunder. In the event that the Company exhausts its remedies pursuant to
Section 9(c) and the Executive thereafter is required to make a payment of any
Excise Tax, the Accounting Firm shall determine the amount of the Underpayment
that has occurred and any such Underpayment shall be promptly paid by the
Company to or for the benefit of the Executive.

            (c) The Executive shall notify the Company in writing of any claim
by the Internal Revenue Service that, if successful, would require the payment
by the Company of the Gross-Up Payment. Such notification shall be given as soon
as practicable but no later than ten business days after the Executive is
informed in writing of such claim and shall apprise the Company of the nature of
such claim and the date on which such claim is requested to be paid. The
Executive shall not pay such claim prior to the expiration of the 30-day period
following the date on which it gives such notice to the Company (or such shorter
period ending on the date that any payment of taxes with respect to such claim
is due). If the Company notifies the Executive in writing prior to the
expiration of such period that it desires to contest such claim, the Executive
shall:

                  (i) give the Company any information reasonably requested by
      the Company relating to such claim,

                  (ii) take such action in connection with contesting such claim
      as the Company shall reasonably request in writing from time to time,
      including, without limitation, accepting legal representation with respect
      to such claim by an attorney reasonably selected by the Company,

                  (iii) cooperate with the Company in good faith in order
      effectively to contest such claim, and

                  (iv) permit the Company to participate in any proceedings
      relating to such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest and shall indemnify and hold the Executive harmless, on an
after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed as a result of such representation and
payment of costs and expenses. Without limitation on the foregoing provisions of
this Section 9(c), the Company shall control all proceedings taken in connection
with such contest and, at its sole option, may pursue or forgo any and all
administrative appeals, proceedings, hearings and conferences with the taxing
authority in respect of such claim and may, at its sole option, either direct
the Executive to pay the tax claimed and sue for a refund or contest the claim
in any permissible

                                       13

<PAGE>
manner, and the Executive agrees to prosecute such contest to a determination
before any administrative tribunal, in a court of initial jurisdiction and in
one or more appellate courts, as the Company shall determine; provided, however,
that if the Company directs the Executive to pay such claim and sue for a
refund, the Company shall advance the amount of such payment to the Executive,
on an interest-free basis and shall indemnify and hold the Executive harmless,
on an after-tax basis, from any Excise Tax or income tax (including interest or
penalties with respect thereto) imposed with respect to such advance or with
respect to any imputed income with respect to such advance; and further provided
that any extension of the statute of limitations relating to payment of taxes
for the taxable year of the Executive with respect to which such contested
amount is claimed to be due is limited solely to such contested amount.
Furthermore, the Company's control of the contest shall be limited to issues
with respect to which a Gross-Up Payment would be payable hereunder and the
Executive shall be entitled to settle or contest, as the case may be, any other
issue raised by the Internal Revenue Service or any other taxing authority.

            (d) If, after the receipt by the Executive of an amount advanced by
the Company pursuant to Section 9(c), the Executive becomes entitled to receive
any refund with respect to such claim, the Executive shall (subject to the
Company's complying with the requirements of Section 9(c)) promptly pay to the
Company the amount of such refund (together with any interest paid or credited
thereon after taxes applicable thereto). If, after the receipt by the Executive
of an amount advanced by the Company pursuant to Section 9(c), a determination
is made that the Executive shall not be entitled to any refund with respect to
such claim and the Company does not notify the Executive in writing of its
intent to contest such denial of refund prior to the expiration of 30 days after
such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid.

            10. Confidential Information. The Executive shall hold in a
fiduciary capacity for the benefit of the Company all secret or confidential
information, knowledge or data relating to the Company or any of its affiliated
companies, and their respective businesses, which shall have been obtained by
the Executive during the Executive's employment by the Company or any of its
affiliated companies and which shall not be or become public knowledge (other
than by acts by the Executive or representatives of the Executive in violation
of this Agreement). After termination of the Executive's employment with the
Company, the Executive shall not, without the prior written consent of the
Company or as may otherwise be required by law or legal process, communicate or
divulge any such information, knowledge or data to anyone other than the Company
and those designated by it. In no event shall an asserted violation of the
provisions of this Section 10 constitute a basis for deferring or withholding
any amounts otherwise payable to the Executive under this Agreement.

                                       14
<PAGE>
            11. Successors. (a) This Agreement is personal to the Executive and
without the prior written consent of the Company shall not be assignable by the
Executive otherwise than by will or the laws of descent and distribution. This
Agreement shall inure to the benefit of and be enforceable by the Executive's
legal representatives.

            (b) This Agreement shall inure to the benefit of and be binding upon
the Company and its successors and assigns.

            (c) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

            12. Miscellaneous. (a) This Agreement shall be governed by and
construed in accordance with the laws of the State of California, without
reference to principles of conflict of laws. The captions of this Agreement are
not part of the provisions hereof and shall have no force or effect. This
Agreement may not be amended or modified otherwise than by a written agreement
executed by the parties hereto or their respective successors and legal
representatives.

            (b) All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party or by registered
or certified mail, return receipt requested, postage prepaid, addressed as
follows:

      If to the Executive:

      [Name]
      [Address]

      If to the Company:

      Mindspeed Technologies, Inc.
      4000 MacArthur Boulevard
      Newport Beach, CA  92660-3095

      Attention:  General Counsel

                                       15
<PAGE>
or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

            (c) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement.

            (d) The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be
withheld pursuant to any applicable law or regulation.

            (e) The Executive's or the Company's failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Section 5(c)(i)-(v) of this Agreement, shall not be deemed to be a
waiver of such provision or right or any other provision or right of this
Agreement.

            (f) The Executive and the Company acknowledge that, except as may
otherwise be provided under any other written agreement between the Executive
and the Company, the employment of the Executive by the Company is "at will"
and, subject to Section 1(a) hereof, prior to the Effective Date, the
Executive's employment may be terminated by either the Executive or the Company
at any time prior to the Effective Date, in which case the Executive shall have
no further rights under this Agreement. From and after the Effective Date this
Agreement shall supersede any other agreement between the parties with respect
to the subject matter hereof.

                                       16
<PAGE>
            IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and, pursuant to the authorization from its Board of Directors, the Company
has caused these presents to be executed in its name on its behalf, all as of
the day and year first above written.

                                             ----------------------------------
                                             [                 ]

                                             MINDSPEED TECHNOLOGIES, INC.

                                             By:
                                                -------------------------------
                                             Name:
                                             Title:

                                       17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]