EX-10.18





 Exhibit 10.18 

CHARGEPOINT HOLDINGS, INC. 

CHANGE IN CONTROL VESTING ACCELERATION AGREEMENT 

This Change in Control Vesting Acceleration Agreement (the “Agreement”) is made and entered into by and between
__________________ (the “Executive”) and ChargePoint Holdings, Inc., a Delaware corporation (the “Company”), effective as of the date specified in Section 1 below. 

This Agreement provides acceleration benefits in connection with certain qualifying terminations of Executive’s employment with the
Company. Upon its effectiveness, this Agreement shall supersede the acceleration provisions set forth in Executive’s employment agreement with the ChargePoint Europe Holdings B.V. (the “Employer”) dated as of
______________(the “Employment Agreement”), including those set forth in [Section 8.4] of the Employment Agreement and in any equity award agreement with the Company. 

Certain capitalized terms are defined in Section 6. 

The Company and Executive agree as follows: 

1. Term. This Agreement shall become effective on the closing date of the merger, as contemplated by that business combination
agreement and plan of reorganization, dated as of September 23, 2020, by and among Switchback Energy Acquisition Corporation, Lightening Merger Sub Inc. and ChargePoint, Inc. (the “Effective Date”). Unless terminated
sooner, this Agreement will terminate automatically on the three year anniversary of the Effective Date. 
 2. Change In Control
Benefits. 
 (a) Involuntary Termination Involving a Change in Control. If Executive is subject to an Involuntary Termination
which occurs within three months prior to, or twelve months following, a Change in Control and Executive satisfies the conditions described in Section 2(b) below and unless the Company provides otherwise when an equity award is granted, one
hundred percent of the unvested portion of each outstanding equity award that Executive holds as of the Involuntary Termination will vest and, if applicable, become exercisable. In the case of equity awards subject to performance conditions, the
unvested portion of the award will be determined at the greater of actual performance or based on “target” levels of achievement. For avoidance of doubt, if Executive is subject to an Involuntary Termination that occurs within three months
prior to a Change in Control, the portion of Executive’s then-outstanding and unvested equity awards that is eligible to vest and become exercisable pursuant to this Subsection (a) will remain outstanding for three months or the occurrence
of a Change in Control, whichever is sooner, so that any additional benefits due pursuant to this Subsection (a) may be provided if a Change in Control occurs within three months after Executive’s Involuntary Termination, provided that in
no event will any of Executive’s stock options remain outstanding beyond the option’s maximum term to expiration. If a Change in Control does not occur within three months after an Involuntary Termination, any unvested portion of
Executive’s equity awards that remained outstanding following Executive’s Involuntary Termination will immediately and automatically be forfeited. 












 (b) Preconditions to Change in Control Benefits / Timing of Benefits. As a condition
to Executive’s receipt of any benefits described in Section 2, Executive shall execute and allow to become effective a general release of claims in the form to be provided by the Company (the “Release”), complying with
Executive’s continuing obligations (including, the return of Company property) to the Company, and, if requested by the Company, immediately Managing Director. Executive must execute and return the release on or before the date specified by the
Company, which will in no event be later than 50 days after Executive’s employment terminates. If Executive fails to return the release by the deadline or if Executive revokes the release, then Executive will not be entitled to the benefits
described in this section 2. All such benefits will be provided within 60 days after Executive’s Involuntary Termination or if later on the date a Change in Control occurs. If such 60 day period spans two calendar years, then the benefit will
in any event be provided in the second calendar year. 
 3. Section 409A. The Company intends that all payments and benefits provided
under this Agreement or otherwise are exempt from, or comply with, with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) so that none of the payments or benefits will be
subject to the additional tax imposed under Code Section 409A, and any ambiguities herein will be interpreted in accordance with such intent. For purposes of Code Section 409A, each payment, installment or benefit payable under this
Agreement is hereby designated as a separate payment. In addition, if the Company determines that Executive is a “specified employee” under Code Section 409A(a)(2)(B)(i) at the time of Executive’s Separation, then (i) any
payments or benefits, to the extent that they are subject to Code Section 409A, will not be paid or otherwise provided until the first business day following (A) expiration of the six-month period
measured from Executive’s Separation or (B) the date of Executive’s death and (ii) any installments that otherwise would have been paid or provided prior to such date will be paid or provided in a lump sum when the payments or
benefits commence. 
 4. Section 280G. Notwithstanding anything contained in this Agreement to the contrary, in the event that the
payments and benefits provided pursuant to this Agreement, together with all other payments and benefits received or to be received by Executive (“Payments”), constitute “parachute payments” within the meaning of
Code Section 280G, and, but for this Section 4, would be subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”), then the Payments shall be made to Executive either (i) in full or
(ii) as to such lesser amount as would result in no portion of the Payments being subject to the Excise Tax (a “Reduced Payment”), whichever of the foregoing amounts, taking into account applicable federal, state and
local income taxes and the Excise Tax, results in Executive’s receipt on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of the Payments may be subject to
the Excise Tax. If a Reduced Payment is to be made under this section, reduction of Payments will occur in the following order: reduction of cash payments, then cancellation of equity-based payments and accelerated vesting of equity awards, and then
reduction of employee benefits. If accelerated vesting of equity awards is to be reduced, such acceleration of vesting will be cancelled in the reverse order of the date of grant. In the event that cash payments or other benefits are reduced, such
reduction shall occur in reverse order 

  
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beginning with the payments and benefits which are to be paid furthest away in time. All determinations required to be made under this Section 4 (including whether any of the Payments are
parachute payments and whether to make a Reduced Payment) will be made by an independent accounting firm selected by the Company. For purposes of making the calculations required by this section, the accounting firm may make reasonable assumptions
and approximations concerning applicable taxes and may rely on reasonably, good faith interpretations concerning the application of Code Sections 280G and 4999. The Company will bear the costs that the accounting firm may reasonably incur in
connection with the calculations contemplated by this Section 4. The accounting firm’s determination will be binding on both Executive and the Company absent manifest error. 

5. Company’s Successors. Any successor to the Company to all or substantially all of the Company’s business and/or assets
shall assume the Company’s obligations under this Agreement and agree expressly to perform the Company’s obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such
obligations in the absence of a succession. 
 6. Miscellaneous Provisions. 

(a) Modification or Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company. No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be
considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (b) Integration.
This Agreement represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements, whether written or oral, with respect to the subject matter of this
Agreement. 
 (c) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by
the internal substantive laws, but not the conflicts of law rules, of the State of Delaware. 
 (d) Consent to Jurisdiction. The
parties hereby consent to the jurisdiction of the Superior Court of the County of Santa Clara, State of California or the United States District Court for the Northern District of California, San Jose Division, with respect to all matters arising
under this Agreement. Accordingly, with respect to any such court action, Executive (a) submits to the personal jurisdiction of such courts; (b) consents to service of process; and (c) waives any other requirement (whether imposed by
statute, rule of court, or otherwise) with respect to personal jurisdiction or service of process. 
 (e) Notices. Any notice
required by the terms of this Agreement shall be given in writing. It shall be deemed effective upon (i) personal delivery, (ii) deposit with a nationally recognized postal service, by registered or certified mail, with postage and fees
prepaid or (iii) deposit with Federal Express Corporation, with shipping charges prepaid. Notice shall be addressed to the Company at its principal executive office (attention General Counsel) and to Executive at the address that Executive most
recently provided to the Company in accordance with this Subsection (e). 

  
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 (f) Severability. The invalidity or unenforceability of any provision or provisions
of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(g) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
will constitute one and the same instrument. 
 7. No Rights to Continued Employment. Nothing contained in this Agreement shall
(a) confer upon Executive any right to continue in the employ of the Employer or the Company, (b) constitute any contract or agreement of employment, or (c) interfere in any way with the Employer’s right to terminate
Executive’s employment. 
 8. Definitions. The following terms referred to in this Agreement shall have the following meanings:

 (a) “Cause” means (i) Executive’s unauthorized use or disclosure of the Company’s or the
Employer’s confidential information or trade secrets, which use or disclosure causes material harm to the Company or Employer, (ii) Executive’s material breach of any agreement with the Company or Employer, (iii) Executive’s
material failure to comply with the Company’s or the Employer’s written policies or rules, (iv) Executive’s conviction of, or plea of “guilty” or “no contest” to, a felony under the laws of any jurisdiction,
(v) Executive’s gross negligence or willful misconduct in the performance of Executive’s duties for the Company or Employer, (vi) Executive’s continuing failure to perform assigned duties after receiving written notification
of the failure from the Employer, (vii) Executive’s failure to cooperate in good faith with a governmental or internal investigation of the Employer or the Company or their directors, officers or employees, if the Employer or the Company
has requested such cooperation, , or (viii) any other acts and omissions that qualify as “urgent cause” within the meaning of article 7:677 and 7:678 of the Dutch Civil Code or as “reasonable ground” within the meaning of
7:669 sub 3 under (b) to (i) of the Dutch Civil Code. In the case of clauses (ii), (iii) and (vii), the termination will not be considered for Cause unless the Employer has first given Executive written notification of the acts or omissions
constituting Cause and a reasonable cure period of not less than 10 days following such notice to the extent such events are curable (as determined by the Employer). 

(b) “Change in Control” means: 

(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more than 50%
of the total voting power represented by the Company’s then-outstanding voting securities; 

  
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 (ii) The consummation of the sale or disposition by the Company of all or substantially all
of the Company’s assets; 
 (iii) The consummation of a merger or consolidation of the Company with or into any other entity, other
than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity or its parent) more than 50% of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; or 

(iv) Individuals who are members of the Company’s board of directors (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the members of the Company’s board of directors over a period of 12 months; provided, however, that if the appointment or election (or nomination for election) of any new board member was approved or
recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Agreement, be considered as a member of the Incumbent Board. 

A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding
company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. In addition, if a Change in Control constitutes a payment event with respect to any
amount which is subject to Code Section 409A, then the transaction must also constitute a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent
required by Code Section 409A. For avoidance of doubt the transactions contemplated by the business combination agreement described in Section 1 of this Agreement shall not constitute a “Change in Control.” 

(c) “Involuntary Termination” means either (i) a Termination without Cause or (ii) a Resignation for Good
Reason. 
 (d) “Resignation for Good Reason” means a Separation as a result of Executive’s resignation from
employment after one of the following conditions has come into existence without Executive’s consent: (i) a material diminution in the nature or scope of Executive’s responsibilities, authority, powers, functions or duties within or
to the Employer (other than a change in title), (ii) a material reduction in Executive’s annual base salary or benefits, or (iii) Executive’s required relocation to offices more than fifty (50) miles from Executive’s
principal place of business. In order to constitute a Resignation for Good Reason, Executive must give the Employer written notice of the condition within 90 days after it comes into existence, the Employer must fail to remedy the condition within
30 days after receiving Executive’s written notice and Executive must terminate Executive’s employment within 30 days after expiration of the cure period. 

(e) “Separation” means a “separation from service” as defined in the regulations under Code
Section 409A. 

  
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 (f) “Termination Without Cause” means a Separation as a result of
the termination of Executive’s employment by the Employer without Cause and not as a result of Executive’s death or disability. 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year indicated below. 
  

			
	COMPANY


 
			
		
	By:	 	 


 
			
		
	Name:	 	 


 
			
		
	Title:	 	 


 
			
		
	Date:	 	 


 
			
	
	EXECUTIVE


 
			
		
	By:	 	 


 
			
		
	Name:	 	 


 
			
		
	Title:	 	 


 
			
		
	Date:	 	 



  
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