Offer Letter Agreement



 Exhibit 10.2A 

 

			
	



	 	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063            

Tel: 650.980.5600
 Fax: 650.298.5449

www.codexis.com


 May 4, 2007 
 Brian P. Dowd 
 [Address] 
 Dear Brian: 
 On behalf of Codexis, I am pleased to extend to you this offer of employment as
Controller, reporting to Robert Breuil, Chief Financial Offer. 
 Your employment is subject to proof of your legal right to work in the
United States, and to your completing the Unites States Citizenship and Immigration Service Employment Eligibility Verification Form I-9. Your employment is also subject to successful verification of your professional and character references.

 Compensation 
 If you accept
this offer and you begin employment with Codexis, you will receive an initial salary of $14,583.33 per month (equivalent to $175,000.00 per year), payable in periodic installments on our regular paydays. You are also eligible to
receive a performance-based discretionary Codexis cash bonus (prorated to your actual start date). Your target bonus is 5% of your annualized base salary, which will be awarded from a bonus pool at the discretion of the Codexis Board of Directors
based on the Company’s performance relative to its corporate objectives for the year. You must be employed by Codexis on the date that the bonus is to be paid in order to be eligible for the bonus. 

If you start June 4, 2007 or sooner, you will also receive a signing bonus of $15,000.00, less mandatory withholding, which will be paid out
in your first pay check. 
 Stock Options 
 Subject to approval by the Codexis Board of Directors, you will be granted an option to purchase 40,000 shares of stock at an exercise price equal to the fair market value of the shares on the date
the option is granted. The shares subject to the Option will vest one fourth or 25% on the first anniversary of your employment start date and thereafter will vest as to 1/48 of the shares subject to the Option per month for the following 36 months
until the option is 100% vested. Your stock options will be subject to the terms of the Codexis Inc. 2002 Stock Plan and will be conditioned on your acceptance of an appropriate stock option agreement. 

Employee Benefits 
 As a fulltime
employee, you will be eligible for the Codexis employee benefit plans, including medical, dental, vision, long and short-term disability plans, life insurance, a 401(k) savings plan, and our flexible time off plan that allows fulltime employees to
accrue 20 days of flexible time off each year of employment. 
  
 



         









			
	



	 	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063            

Tel: 650.980.5600
 Fax: 650.298.5449

www.codexis.com


  

 Other Terms and Conditions of Employment 

All employment with Codexis is at will. “Employment at will” means that you are free to resign from your employment at any time, for any reason
or no reason at all, with or without cause and with or without notice. Similarly, Codexis may terminate your employment at any time for any legal reason, with or without cause and with or without notice. By accepting this offer of employment, you
agree that your employment is at will, and acknowledge that no one, other than the President of Codexis or the Chairman of the Board of Directors of Codexis, has the authority to promise you, either orally or in writing, anything to the contrary.
Any such agreement must be in writing and signed by both you and such individual to be effective. 
 Employment with any other entity, or for
yourself in competition with Codexis, Maxygen or any affiliate or subsidiary of Maxygen is not permitted. If you want to take an outside job, you should discuss the outside opportunity with your manager and the Human Resources Department in advance
so that we can determine if any actual or potential conflict of interest exists. 
 During the course of your employment, you may create,
develop or have access to confidential information belonging to Codexis and/or Maxygen, including trade secrets and proprietary information, such as technical and scientific research and/or protocols, customer and supplier information, business
plans, marketing plans, unpublished financial information, designs, drawings, innovations, inventions, discoveries, specifications, software, source codes, and personnel information. You agree that as a condition of your employment with Codexis, you
will sign and comply with the Codexis Confidential Information, Secrecy and Invention Agreement. 
 Arbitration of Disputes 

You agree that, except as described below, any dispute relating to your employment or the termination of your employment with Codexis shall be finally
settled by binding arbitration in Palo Alto, California before a neutral arbitrator of the American Arbitration Association (“AAA”) under its National Rules for the Resolution of Employment Disputes. Claims subject to arbitration shall
include, but shall not be limited to, claims under Title VII of the Civil Rights Act of 1964 (as amended) and other civil rights statutes of the United States, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the
Family and Medical Leave Act, the Employee Retirement Income Security Act of 1974, the California Fair Employment and Housing Act, the California Labor Code, and any other federal, state or local statute or regulation, and the common law of contract
and tort. However, this agreement to arbitrate shall not apply to claims (a) for workers’ compensation, (b) for unemployment compensation or (c) injunctive relief arising out of or related to misappropriation of trade secrets or
misuse or improper disclosure of confidential information, unfair competition or breach of any non-competition or non-solicitation agreement between you and Codexis. 
 You understand that by this agreement, you and Codexis are waiving your respective rights to trial by jury, and that judgment upon any arbitration award may be entered in any court having jurisdiction of
the matter. Any controversy or claim subject to arbitration shall be waived and forever barred if arbitration is not initiated within one year after the date the controversy or claim first arose, or if statutory rights are involved, within the time
limit established by the applicable statute of limitations. 

  
 



         










			
	



	 	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063            

Tel: 650.980.5600
 Fax: 650.298.5449

www.codexis.com


  

 With regard to statutory claims, you and Codexis will have the same remedies available in arbitration as
those available had the claim been filed in a court of law, including, where authorized by statute, compensatory and punitive damages, injunctive relief and attorneys’ fees. Although Codexis will pay all costs of the AAA and the arbitrator, you
agree to pay all costs you would otherwise be required to pay were your claims litigated in a court of law, such as costs of your attorney, deposition transcripts and expert witness fees and expenses. 

The terms described in this letter replace all prior agreements, understandings, and promises between Codexis and you concerning the terms and conditions
of your employment with Codexis. 
 Brian, we hope that your association with Codexis will be successful and rewarding, and look forward to
welcoming you aboard. Please indicate your acceptance of this offer by signing this letter below and returning the letter to Alyssa Terrizzano by May 8, 2007. A copy of this letter is enclosed for your records. 

 

			
	Sincerely,
	
	 Codexis, Inc.

		
	 By:
	 	 /s/ Andy Danforth

		 	Andy Danforth
		 	VP, Human Resources
		 	Codexis, Inc.


 I understand and agree to the foregoing terms and conditions of employment with Codexis. 

 

					
	 /s/ Brian P. Dowd

	 Brian P. Dowd


  

			
		
	May 9, 2007	 	June 4, 2007
	Date	 	/
            Start Date