Document:

Exhibit 10.15

 

COMPENSATION AND BENEFITS SUMMARY

FOR NON-EMPLOYEE DIRECTORS

 

	
COMPENSATION
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Retainers
    	
 
    	
An annual retainer of $260,000 is paid in quarterly   installments at the end of each full quarter. Payments are prorated for   partial calendar quarters served. At least $135,000 of the annual Board   retainer must be deferred into the Directors’ Deferred Income Plan stock unit   account. Committee chairpersons are paid an additional annual retainer, as   follows: Audit, $15,000; Nominating and Corporate Governance, $15,000; and   Organization and Compensation, $20,000. The Lead Director is paid an   additional $30,000 annual retainer. Audit Committee members (including the   Audit Committee chairperson) are paid an additional $15,000 annual retainer.   The additional retainers are paid in quarterly installments at the end of   each full quarter, and payments are prorated for partial calendar quarters   served.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(See full text of the Deferred Income Plan for   Non-Employee Directors.)
    
	
 
    	
 
    	
 
    
	
Meeting Fees
    	
 
    	
There are no fees payable for attendance at any   Board or committee meetings.
    
	
 
    	
 
    	
 
    
	
One-Time Restricted Stock Grant
    	
 
    	
A grant of 2,000 restricted shares of Common Stock   under the Textron Inc. 2015 Long-Term Incentive Plan is made to non-employee   Directors upon joining the Board.
    
	
 
    	
 
    	
 
    
	
DEFERRED   INCOME PLAN
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
In addition to the required deferral into the stock   unit account of $135,000 of the annual Board retainer, any percentage of the   balance of the Board retainer or any percentage of the additional retainers   may be deferred into either the stock unit account or an interest bearing   account.
    
	
 
    	
 
    	
 
    
	
OTHER
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Expenses
    	
 
    	
Reasonable travel, lodging and incidental expenses   in connection with meetings are reimbursed.
    
	
 
    	
 
    	
 
    
	
Matching

Gift Program
    	
 
    	
The Textron Charitable Trust will match Director   contributions from a minimum gift of $25 to an aggregate maximum of $7,500   annually to any mix of cultural, educational, environmental or hospital   institutions on a $1 for $1 basis.
    
	
 
    	
 
    	
 
    
	
Directors’ Charitable Award Program
    	
 
    	
[Closed to New Participants as of January 1,   2004]Exhibit 10.1

 

	 	
        Storgatan 23 C

        114 55 Stockholm

        Sweden

         
	
        info@neonode.com

        www.neonode.com

        www.linkedin.com/company/neonode

         
	 

 

employment
agreement

 

This employment agreement (the “Employment Agreement”)
is entered into on this day between

 

Neonode Inc. a Delaware Corporation, Storgatan 23
C, 114 55 Stockholm (“Neonode”); and Håkan Persson personal identity no. Södra Lillvägen
19, 23631 Höllviken, Sweden (Employee)

 

		1	employment, Term and position

 

		1.1	The Employee is hereby employed as CEO (“Position”) at Neonode.

 

		1.2	The employment shall commence latest on 2018-04-01 (“Commencement Date”). The employment shall last until further
notice.

 

		1.3	The Company and Håkan Persson, (jointly the “Parties”) agree that the Swedish Employment Protection Act (Sw.
lagen om anställningsskydd (1982:80)) shall not apply to this Agreement.

 

		1.4	As from the Commencement Date, the Employee’s employment is governed by the terms and conditions of this Employment Agreement
between the parties. This Employment Agreement overrules and supersedes all previous agreements between the parties.

 

		1.5	The Employee’s place of work is the Stockholm office or at such other locations in Sweden or abroad where Neonode conducts
business from time to time. In order to safeguard Neonode’s interests in the best way, the Employee is expected to travel
within as well as outside Sweden as an important part of the employee duties. No further reimbursement is paid for the performance
of the duties in addition to what is set out in this Employment Agreement.

 

		2	duties and responsibilities

 

		2.1	The Employee shall during the employment diligently and faithfully perform such duties and responsibilities and exercise such
powers as may from time to time be assigned to the Employee. The Employee is obligated to perform the Employee’s obligations
in accordance with the instructions in the Corporate Governances issued by , from time to time, issued by the Board of Neonode.

 

     

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		2.2	For the purpose of this Employment Agreement, a company is considered to be an “affiliated company” if it
is a legal entity that either directly or indirectly controls, or is controlled by, Neonode.

 

		3	Loyalty

 

This Employment Agreement is based
on the mutual loyalty and trust between the parties. The Employee shall in all situations safeguard and promote Neonode’s
and its affiliated companies’ interests as well as devote the entire Employee’s working hours to Neonode. Without the
prior written approval of the management, the Employee may not engage, either directly or indirectly, in any other professional
or commercial business, regardless of whether said business activity competes with Neonode’s business or not. The foregoing
shall not, however, prevent the Employee from owning or investing in financial instruments listed on a Swedish or foreign stock
exchange.

 

		4	REmuneration and other benefits

 

		4.1	The Employee is entitled to a gross monthly salary amounting to 166,000 SEK per month. The salary is paid in
accordance with Neonode’s prevalent payment routines. The gross monthly salary will be reviewed in February 2019 and will
thereafter be reviewed on an annual basis. Neonode is under no obligation to award an increased salary following a salary review.
There shall be no review of the salary after notice has been given by either party to terminate the employment.

 

		4.2	The parties acknowledge that the Position may require overtime work in relation to which no additional compensation will be
paid. Overtime work has been taken into consideration, inter alia, when determining the salary level and other benefits
according to this Employment Agreement.

 

		4.3	In addition to the payments set out in Clauses 4.1 above, the Employee is entitled to receive a yearly bonus during 2019 and
in each subsequent year up to a maximum of 50% of his total yearly salary based on his performance as CEO and the financial performance
of Neonode.

 

		4.4	The Employee is entitled to preventive health care allowance (Sw. friskvårdsbidrag) in accordance with Neonode’s
from time to time applicable health care allowance policy. Such allowance may, however, not exceed SEK 2,000 per annum.

 

		4.5	The Employee is not, in addition to what is stipulated in this Employment Agreement, entitled to any additional remuneration
for the Employee’s duties.

 

		5	Pension and Insurance

 

		5.1	The Employee is entitled to pension and insurance benefits in accordance with Neonode ́s policy as applicable from time
to time. The Company will make a pension provision for the CEO of 25% of the monthly base salary.

 

		5.2	In addition to Clause 5.1 above, Neonode undertakes to supply occupational group life insurance
(Sw. Tjänstegrupplivförsäkring), industrial (occupational) injury insurance (Sw. Trygghetsförsäkring
vid arbetsskada), disability pension insurance (Sw. Sjukpensionsförsäkring) according to ITP and work travel
insurance.

 

     

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		6	holiday

 

The Employee is entitled to thirty
(30) days of paid holiday per annum. Holiday shall be taken after agreement with Neonode ́s management and in accordance with
Neonode’s policies applicable from time to time. The calculation of holiday pay is made in accordance with the provisions
under the Swedish Annual Leave Act (Sw. Semesterlagen (1977:480)). The Employee is entitled to holiday in advance (Sw.
förskottssemster). Neonode is entitled to offset holiday pay made in advance against salary and accrued holiday pay at
the termination of employment in accordance with the Swedish Annual Leave Act.

 

		7	sick pay

 

In the event of sickness, the
Employee shall be entitled to sick pay in accordance with Swedish statutory requirements, with the exception that the Company will
compensate the employee for the difference between the compensation from the Swedish insurance system (“Försäkringskassan”)
and 75% of the salary from day 15 up to day 90 after the sick leave occurred.

 

		8	Expenses

 

The Employee shall, upon submission
of appropriate receipts, receive reimbursement for reasonable and pre-approved out-of-pocket business expenses properly incurred
by the Employee in connection with the Employee’s duties. Neonode will also reimburse the Employee for any reasonable business
travel expenses which the Employee incurs in connection with the Employee’s duties, subject to and in accordance with the
from time to time applicable business travel policy (or equivalent), or, where applicable, in accordance with a specific agreement
to be agreed upon by Neonode and the Employee. Reimbursement is subject to the Employee providing Neonode with appropriate receipts
and/or invoices.

 

		9	Personal Data and IT Security

 

		9.1	The Employee confirms that Neonode has informed the Employee of the principles governing Neonode’s processing employees'
personal data in accordance with the Personal Data Act (1998:204) ( Sw. Persondatalagen, PUL) and that the Employee has
given consent thereto.

 

		9.2	The Employee undertakes to comply with Neonode’s, and its affiliated companies’, from time to time applicable policies
regarding the use of Neonode’s (and its affiliated companies’) computers, e-mail system, Internet services and software
programs. The Employee is aware that Neonode has full access to all files, e-mail correspondence and document handling systems
as well as full access to all Internet usage which is stored in Neonode’s IT system.

 

     

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		10	Intellectual Property RIghts

 

		10.1	Without any additional compensation, Neonode is the sole owner of all rights (and has the exclusive right of disposition to
all rights), including but not limited to all intellectual property rights, to any results and material made, designed or produced
by the Employee within the frame of the Employee’s employment. Accordingly, Neonode is entitled to modify and/or further
develop any results, material or intellectual property rights as well as to transfer or license the rights to such results, material
or intellectual property rights to third parties.

 

		10.2	The Employee is obliged to and agrees to support and procure that Neonode, at any time during the employment or after its expiration,
can fully profit from the rights relating to Clause 10.1 above. Accordingly, the Employee is, inter alia, obliged to prepare
any documentation which Neonode, at its sole discretion, deems necessary or desirable in order to protect, register and/or maintain
Neonode’s rights according to Clause 10.1 above, including but not limited, where necessary, to transfer (without the right
to any additional compensation) any such rights to Neonode.

 

		11	Termination

 

		11.1	The employment may be terminated with a 6 months’ notice from each party, during which time the employee is entitled
to receive his monthly salary and all other employment benefits applicable at the point of termination. The board have however
the right to exempt the employee from his position during the termination period. Upon termination for material breach (väsentligt
avtalsbrott), the employee shall not receive any severance.

 

		11.2	The Employee acknowledges that the Employee’s obligations according to Clause 12 (Confidentiality) will continue to remain
in force after the expiration of this Employment Agreement, regardless of the reasons for the expiration.

 

		11.3	Upon termination of the employment or at any earlier point in time when the Employee leaves the Employee’s position,
the Employee shall return any business material, reports, documents and other property (e.g. computer programs and software), including
copies thereof (stored electronically or otherwise), which have been entrusted to the Employee or which have come into the Employee’s
possession in connection with the employment. Such material is always Neonode’s property.

 

		12	Confidentiality

 

		12.1	The Employee may not make use of, transfer or otherwise disclose to a third party, neither during the employment nor after
its expiration, such information regarding Neonode or its affiliated companies or regarding Neonode’s or its affiliated companies’
businesses, that Neonode wishes to remain confidential.

 

		12.2	For the purpose of this Clause 12, “information” is considered to be all information, including but not
limited to information regarding products, materials, pricing, market and sales strategies, management and Neonode’s (or
its affiliated companies’) customers and clients, regardless of whether the information is of technical, of commercial or
of any other nature, and regardless of whether the information is documented in writing or otherwise.

 

     

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		12.3	The prohibition in Clause 12.1 shall not, however, apply where:

 

		(a)	it is required by this Employment Agreement, by law or mandatory regulations that the information is disclosed, or

 

		(b)	the parties have agreed in writing that the information could be disclosed to a third party, or

 

		(c)	the information is publicly known and has come to public knowledge in any way other than by breach of the confidentiality undertakings
in Clause 12.1 or any other breach of this Employment Agreement.

 

		13	Post-termination restrictions

 

		13.1	In order to protect the confidential information of Neonode or of any affiliated company referred to above under Clause 12
to which the Employee has access as a result of the employment, the Employee covenants that the Employee shall neither directly
or indirectly, without the prior written consent from the Chairman of the Board of Directors, for a period of twelve months following
the expiration of the employment:

 

		(a)	actively solicit the services of or entice away from Neonode or from any of its affiliated companies or engage, whether on
his own behalf or on behalf of others, any person who is or was an executive director or a senior manager of Neonode or of any
of its affiliated companies at any time during the twelve month period immediately preceding the date on which the Employee’s
employment with Neonode terminated; nor
	 	 	 
		(b)	actively to a competing business solicit the customer of or entice away from Neonode or from any of its affiliated companies
the customer or business of any person who is or was a customer of Neonode or of any of its affiliated companies at any time during
the twelve month period immediately preceding the date on which the Employee’s employment with Neonode terminated and with
whom the Employee or one of his subordinates dealt with during the said twelve month period.

 

		13.2	In the event of termination of the employment, the Employee undertakes not to copy or use information regarding Neonode’s
operations or otherwise utilise Neonode’s contacts and materials.

 

		14	APPLICABLE LAW AND DISPUTE RESOLUTIOn

 

		14.1	This Employment Agreement shall be governed by the substantive laws of Sweden.

 

		15	AMENDMENTS AND MODIFICATIONS

 

This Employment Agreement may
not be amended nor modified unless agreed upon in writing and signed by the parties.

 

___________________

 

     

    	 	 

    

 

This Employment Agreement has been executed in duplicate and
the parties have received one copy each.

 

	Date: 2018-02-12	 	Date: 2018-02-12
	 	 	 
	NEONODE INC	 	 
	 	 	 
			 
	Ulf Rosberg	 	Håkan Persson
	Chairman of the Board

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