Document:

Offer Letter Agreement - David L. Anton

 Exhibit 10.15 
  

			
	

	 	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063
 Tel:
650.980.5600
 Fax: 650.298.5449
 www.codexis.com

 February 12, 2008 
 David Anton, Ph. D. 
 [Address] 
 Dear Dave: 
 On behalf of Codexis, I’m delighted to confirm our verbal offer of full-time
employment as Vice President, Bioindustrial Research and Development, reporting to Alan Shaw, President & CEO. 
 This offer is contingent
on our receiving positive employment references. 
 Your employment is subject to proof of your legal right to work in the United States, and to
your completing the United States Citizenship and Immigration Service Employment Eligibility Verification Form I-9. 
 Compensation

 If you accept this offer and begin employment with Codexis, you will receive an initial salary of $19,583 per month (equivalent to
$235,000 per year), payable in periodic installments on our regular paydays. You will also be a participant in the Codexis Executive Incentive Compensation Plan (prorated to your actual start date). For 2008, your target will be 25% of your
annualized base salary, which will be awarded 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 paid in order to be eligible for the bonus. 
 Signing Bonus 
 Codexis will pay you a signing bonus of $10,000 (less applicable withholding). This bonus is contingent upon your starting work with Codexis on or before March 24, 2008. 
 Stock Options 
 Subject to approval by the
Codexis Board of Directors, you will be granted an option to purchase 100,000 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. 
 Bringing Life to Chemistry 

			
	

	    	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063
 Tel:
650.980.5600
 Fax: 650.298.5449
 www.codexis.com

 Relocation 
 Codexis will offer relocation assistance per the attached Summary. 
 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, or any affiliate or subsidiary of Codexis is not permitted. If you want to take an outside job, paid or unpaid, 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, 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 will 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 include, but are not 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 will 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 
 Bringing Life to Chemistry 

			
	

	    	 Codexis, Inc.
 200 Penobscot
Drive
 Redwood City, CA 94063
 Tel:
650.980.5600
 Fax: 650.298.5449
 www.codexis.com

 jurisdiction of the matter. Any controversy or claim subject to arbitration will 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. 
 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. 
 Dave, we’re pleased to extend this offer of employment to you, and hope that your association with Codexis will be mutually successful and rewarding.
Please indicate your acceptance of this offer by signing this letter below and faxing it to me (at 650-421-8145) by February 15, 2008. We look forward to welcoming you aboard! 
  

			
	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/    David L. Anton, Ph. D.
	David L. Anton, Ph. D.

  

													
	2/15/2008	 	March 24, 2008	  		  		  		  		  	
	Date                /	 	Start Date	  		  		  		  		  	

 Attachment 
 Bringing Life to ChemistryEmployment Contract - Peter Seufer-Wasserthal

 Exhibit 10.16 
  
 CONTRACT OF EMPLOYMENT 
  

			
	 

  
 1.      Employment
  
 This
Contract of Employment is concluded between
	    	 Codexis, Inc.
 200 Penobscot Drive
 Redwood City, CA 94063
 Tel: 650.980.5600
 Fax: 650.298.5449
 www.codexis.com

	    

 Codexis, Inc 
 200 Penobscot Drive, Redwood City 
 CA 94063 
 in the following referred to as “Employer” or the “Company” 
 and 
 Dr. Peter Seufer-Wasserthal 
 [Address] 
 Austria 
 Austrian Citizenship 
 in the following referred to
as “Employee” 
 The Employee joins the Company on February 27th, 2006. The first month is classified as probationary
month according to Sec 19 (2) AngG. 
  

	2.	Assignment and classification 

  

	(1)	The Employee is engaged as VP, General Manager, Codexis Enzymes and Intermediates of the Company and principally has to carry out the following tasks:

  

	 	•	 	 Prepare a business plan to grow the Julich business and establish it as a stand alone profitable business unit with the potential to be spun off as a
stand alone company when Codexis IPOs. 

  

	 	•	 	 Implement the business plan; set, gain approval for and achieve the business growth, sales & profit targets. 

  

	 	•	 	 Establish the enhanced Julich portfolio on the European and USA markets 

  

	 	•	 	 Ensure the product portfolio is continually enhanced in line with client and business growth requirements. 

  

	 	•	 	 When appropriate, identify and evaluate technology or business acquisition options that can enhance the product portfolio to open up new markets,
enhance the offering to existing clients or present opportunity for new client acquisition. 

  

	 	•	 	 Identify, and where appropriate, establish new as well as enhancing the existing sales channels to market globally. 

  

	 	•	 	 Enhance the marketing activities to support the evolving company portfolio. 

  

	 	•	 	 Identify and cultivate relationships with the key pharmaceutical, biotechnology and chemical companies. 

  

	 	•	 	 Recruit, train, develop and monitor staff. 

  

	 	•	 	 Establish effective systems that ensures efficient order processing and product delivery to clients. 

	 	•	 	 Ensure that there is an appropriate route for client enquiries and that client problems are handled promptly and effectively, to ensure maximum
customer satisfaction. 

  

	(2)	The Employee has to perform all services connected with the assignment. The Employer is in the position to allocate the Employee to another assignment.

  

	3.	Remuneration 

  

	a.	The Employee’s basic salary is EUR 165.642 gross plus 50% of the Employee’s part of the social security contributions according to the Austrian Social
Security Act per annum, and will be split in 14 equal payments, 12 of them to be paid monthly in arrears on not later than the last working day of each calendar month to the announced bank account. 

  

	b.	 Holiday pay is due on 30th June and Christmas remuneration is due on 31st December as supplementary grants (13th and 14th monthly pay). 

  

	4.	Executive Bonus Plan 

 For
2006 the Employee will be eligible for the Codexis Executive Bonus Plan. The bonus will be paid out in the form of stock options or cash, or a combination of cash and stock options, at the discretion of the compensation Committee of the Board of
Directors. Payout is based on achievement of both corporate and individual objectives as defined by the CEO and the Board of Directors and subject to the final approval of the Compensation Committee. The dollar value of the bonus payout for the Vice
President level will be approximately up to 20% of annual salary, consistent with Codexis’ compensation policy established for other senior executives and subject to confirmation by the Compensation Committee in 2006. 
  

	5.	Stock Options 

 Subject to
approval by the Codexis Board of Directors, the Employee will be granted an option to purchase 80,000 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 shall vest one fourth or 25% on the first anniversary of the Employee’s employment start date and thereafter shall 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.
The Employee’s stock options will be subject to the terms of the Codexis 2002 Equity Incentive Plan and will be conditioned on the Employee’s acceptance of an appropriate stock option agreement. 
  

	6.	Car allowance 

 The
Employee will be eligible for a car allowance amounting to EUR 600 per month for the use of his private car for occupational purposes. 

	7.	Travel and Expenses 

 If
the Employee is required to travel or incur expenses on the business of the Employer or any group company, these will be reimbursed to him on production of satisfactory vouchers and receipts and completion of the Employer’s expense claims
forms. All such expenditure claims must be approved by the Employee’s Manager. 
  

	8.	Hours of work 

 As agreed
the regular weekly working time are 40 hours. Saturdays, Sundays, as well as public holidays are non working days; however the Employee is expected to work such additional hours as are required to carry out his duties to the satisfaction of the
Employer. 
  

	9.	Excess work and overtime 

  

	a.	In addition to Clause 8. the Employee is obliged to perform excess work and overtime if envisaged by the Employer in due time. 

  

	b.	The remuneration (see Clause 3) covers the overtime done. 

  

	10.	Place of work 

  

	a.	The Employee’s normal place of work will be at home: 

 [Address] 
 Austria 
  

	b.	In the course of his duties he may also be required to undertake business trips of a temporary nature throughout the world. 

  

	11.	Justifiably absence 

  

	a.	Justifiable absence as a result of disease or accident has to be announced to the Employer or his representative immediately, meaning the same day of the occurrence of
the hindrance (via telephone or in written form). Otherwise the Employee loses the claim on salary for the time of the delay. 

  

	b.	In case of justifiable absence of more than 3 days the Employee has to present a confirmation of the responsible health fund or doctor regarding the cause and the
duration of the delay without request. The confirmation has to reach the Employer within 4 days after the occurrence of the hindrance. 

  

	c.	It is up to the Employer to demand such confirmation also for shorter diseases according to Sec 8 (8) AngG. 

	12.	Dismissal by the Employer 

 The employment can be terminated by the Employer by the end of each month under consideration of a three months notice period. 
  

	13.	Notice of termination by the Employee 

 The Employee is in the position to terminate the employment by the end of each month with a notice period of three months. 
  

	14.	Paid vacation 

 The
Employee has a right to paid vacation of 25 working days. The time of consumption has to be agreed upon by the Employer in good time. 
  

	15.	Employee Benefits 

  

	a.	The Company will pay for the benefits programs as required by the local employment law. In addition to that the Employer will pay 50% of the Employee’s part of the
social security contributions according to the Austrian Social Security Act (see Clause 3.). 

  

	b.	The Company will contribute 5% of base salary to a personal pension plan. The Employee will be required to set-up his own scheme. 

  

	c.	Details of the benefits programs will be defined and agreed on between the Employee and the Company. 

  

	16.	Life Insurance 

  

	a.	The Company will pay for life insurance equating 3 times of the Employee’s annual base salary. 

  

	b.	Details of the life insurance will be defined and agreed on between the Employee and the Company. 

  

	17.	Other Terms and Conditions of Employment: 

  

	a.	Employment with any other entity or for the Employee himself in competition with Codexis, Maxygen or any affiliate or subsidiary of Maxygen is not permitted. If the
Employee wants to take an outside job, he should discuss the outside opportunity with his manager and the Human Resources Department in advance so that the Company can determine of any actual or potential conflict of interest exists.

  

	b.	During the course of the employment, the Employee 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. The Employee agrees that as a condition of his employment with the Company he will sign and comply with the Codexis Confidential Information, Secrecy and Invention Agreement.

  

	18.	Arbitration of Disputes 

 All disputes arising out of or in connection with the present Contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by three arbitrators. Each party will appoint one arbitrator and both
arbitrators will appoint their chairman. Place of Arbitration shall be Vienna, Austria. The language of the case will be English. Austrian Law shall be applicable. 
  

	19.	Mitarbeitervorsorgekasse - Severance Payments Funds 

 As Mitarbeitervorsorgekasse (Severance Payments Funds) where according to § 6 Abs 1 BMVG the Severance Payments premiums have to be paid to, the Mitarbeitervorsorgekasse (Severance Payment Funds)
VBV Mitarbeitervorsorgekasse AG, 1020 Wien, Donaustraße 49-53 has been chosen. 
  

	20.	Miscellaneous 

  

	a.	The Employee has to observe the Austrian Law, in particular the regulations concerning order, security as well as the Data Protection Act. 

  

	b.	Adjustments or amendments to this contract as well as the clause of written form itself must be in written form in order to be effective. 

  

	c.	In the event a provision of this Employment Contract is not valid or becomes invalid or unenforceable, this does not affect the validity of the remaining provisions.
The parties to this contract undertake to agree upon such provisions without delay which come closest to the economic aim of the invalid provisions and to the intentions of the parties when replacing the invalid provisions. 

 

	d.	The terms described in this letter replace all prior agreements, understandings, and promises between the Company and the Employee concerning the terms and conditions
of the Employee’s employment with the Company. 

  

					
	REDWOOD CITY,             06.03.2006	 		 	
	[Place and Date]	 		 	
			
	 /s/    Peter Seufer-Wasserthal
	 		 	 /s/    DAVID CAO

	Employee	 		 	Employer

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