April 30, 2010Ikanos Communications • August 11th, 2010 • Telephone & telegraph apparatus • California
This letter is to confirm our agreement with respect to the termination of your employment as President and CEO, and service on the board of directors, of Ikanos Communications, Inc. (“Ikanos” or the “Company”). To ensure that there are no ambiguities, this letter first explains in detail both your rights and obligations and those of Ikanos upon termination of your employment. If, in exchange for a release, you wish to accept additional benefits to which you would otherwise not be entitled, indicate your agreement by signing, dating and returning the enclosed Release Agreement to the Company by May 21, 2010.
PERSONAL & CONFIDENTIALIkanos Communications • August 11th, 2010 • Telephone & telegraph apparatus • California
This letter (hereinafter referred to as the “Release Agreement”) sets forth the terms of with respect to your termination. To ensure that there are no ambiguities, this Release Agreement first explains in detail both your rights and obligations and those of Ikanos upon termination of your employment. You should discuss this offer with an attorney before you sign it. If you decide to accept the severance offered by Ikanos, you must sign, date and return this Release Agreement to the undersigned by Thursday, August 5, 2010.
