Document:

Relocation Agreement - John Walker

 Exhibit 10.15 
 TESLA MOTORS, INC. 
 RELOCATION AGREEMENT

 This Relocation Agreement (“Agreement”) is entered into effective as of August 17, 2009 (the
“Effective Date”), by and between John Walker (“Executive”) and Tesla Motors, Inc. (“Tesla Motors” or the “Company”) (jointly referred to as the
“Parties” or individually referred to as a “Party”). 
 RECITALS

 WHEREAS, on August 17, 2009 (the “Employment Commencement Date”), Executive entered
into at-will employment with the Company pursuant to an offer letter dated August 17, 2009 (the “Offer Letter”); 
 WHEREAS, the Company requires Executive to relocate from his current residence to be closer to the Company headquarters offices in San Carlos, California (“Primary Work
Location”), to perform the duties customarily associated with his position as Vice President, U.S. Sales and Service; 
 WHEREAS, Executive’s Primary Work Location will be a location that is at least fifty (50) miles from his current residence; and 
 WHEREAS, the Parties agree to enter into this Agreement to supersede the terms of the Offer Letter with respect to the relocation benefits provided under the Offer Letter to be consistent with the
oral agreement between the Parties effective as of the Employment commencement Date. 
 NOW, THEREFORE, in consideration
of the mutual promises made herein, the Parties hereby agree as follows: 
 COVENANTS 
 1. Rental Payments. The Company will arrange for an apartment in San Francisco, California metropolitan area for the use of Executive
and Executive’s family, and pay, on Executive’s behalf, the rental payments for such apartment (the “Rental Payments”), up to a maximum of $2,900 per month, for a period not to exceed six (6) months from the
Employment Commencement Date (the “Temporary Living Period”). 
 2. Living Expenses. The Company
will reimburse Executive for the actual reasonable costs of travel, food and incidental expenses (“Living Expenses”) incurred by Executive and Executive’s family, up to a maximum of $1,100 per month during the Temporary
Living Period, for an aggregate maximum total of $6,600. The Company advanced Executive $3,300 for Living Expenses on August 17, 2009 at the beginning of the Temporary Living Period. The remaining $3,300 will be paid to Executive within a
reasonable time following the anticipated conclusion of the

 
Temporary Living Period on February 17, 2010, subject to a written reimbursement request from Executive with supporting invoices and documentation of the actual Living Expenses incurred by
Executive during the Temporary Living Period. 
 3. Gross-Up Payment. Following the payment of Executive’s taxes for
tax years 2009 and 2010, the Parties shall work together to determine the amount of additional tax liability that Executive incurred as a result of the inclusion of the Rental Payments and the reimbursement for any Living Expenses into
Executive’s income for such tax years (with respect to each tax year, the “Additional Tax Liability”). As soon as practicable after such determination, but in no event later than December 31, 2010 for tax year 2009
and December 31, 2011 for tax year 2010, the Company shall provide Executive with an additional payment to “gross up” Executive for the Additional Tax Liability so that on an after-tax basis Executive receives an amount equal to the
Additional Tax Liability for the applicable tax year (with respect to each tax year, the “Gross-Up Payment”). For purposes of calculating the Gross-Up Payment, the Company shall use the highest federal marginal rate,
supplemental California withholding rate and Medicare withholding rate, in each case applicable to Executive for the tax year for which the Gross-Up Payment is being calculated. For example, if the total income inclusion pursuant to this Agreement
in tax year 2009 is $16,350, which results in an Additional Tax Liability of $7,480 for tax year 2009, the Company would make a Gross-Up Payment for tax year 2009 of $13,788, based on using 35% for the highest federal marginal rate, 9.3% for the
California supplemental withholding rate and 1.45% for the Medicare withholding rate. 
 4. Code Section 409A. It is
intended that the reimbursements under this Agreement comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the final regulations and other guidance promulgated thereunder (collectively
“Section 409A”) such that no payment hereunder will result in the imposition of additional tax or penalties to Executive under Section 409A. Any ambiguities hereunder will be construed to comply with Section 409A.
In no event will the Company reimburse Executive for any taxes that may be imposed on him as a result of Section 409A. 
 5. Entire Agreement. This Agreement constitutes the entire agreement of the Parties and supersedes in its entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed
or implied) of the Parties with respect to the subject matter hereof, including, without limitation, the Offer Letter. The invalidity or unenforceability of any provision or provisions of this Agreement will not affect the validity or enforceability
of any other provision hereof, which will remain in full force and effect. 
 6. Waiver. No provision of this Agreement
will 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 (other than Executive). 
 7. Choice of Law. This Agreement will be governed by the laws of the State of California (with the exception of its conflict of laws
provisions). 
 8. Withholding. The Company will withhold applicable income and employment taxes on any payment made
pursuant to this Agreement to the extent the Company has an obligation to withhold on such payment. 
  

 -2- 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates
set forth below. 
  

									
	TESLA MOTORS, INC.	    		  	John Walker
				
	By:	  	 /s/ Craig W. Harding
	    		  	 /s/ John Walker

					
	Title:	  	 Legal Counsel
	    		  		  	
					
	Date:	  	 1/26/10
	    		  	Date:	  	 1/26/2010

  

 -3-Offer Letter - Jon Sobel

 Exhibit 10.16 
 August 30, 2009 
 Jon Sobel 
 Re: Offer of Employment with Tesla Motors 
 Dear Jon: 
 Tesla Motors, Inc. is pleased to offer you the position of General Counsel and Secretary on the terms set
forth below. 
 As General Counsel and Secretary, you will perform the duties customarily associated with these positions,
including (a) primary responsibility for the selection of Tesla’s outside legal advisors and (b) attendance at all board of directors meetings (other than Executive Sessions) and documentation and support of corporate governance
matters. You will report to Elon Musk, Chief Executive Officer. Your duties, responsibilities, job title, and work location may be changed at any time by Tesla. 
 Your salary will be $300,000 per year, subject to standard payroll deductions and withholdings. As an exempt employee, you will not be entitled to overtime. You will be eligible for vacation and sick
leave according to Tesla’s standard policy. You will also be eligible to receive all other benefits Tesla may provide to its employees (e.g., health and dental insurance coverage) after your enrollment on a date to be determined. Tesla may
consider you for bonuses, although the amount of such bonuses, if any, and the criteria for determining the award of such bonuses, if any, shall be in the sole discretion of Tesla. Of course, Tesla reserves the right to modify your compensation and
benefits from time to time, as it deems necessary. 
 Subject to the approval of Tesla’s Board of Directors, you will be
granted a stock option to purchase an aggregate of 400,000 shares of Tesla’s Common Stock pursuant to Tesla’s Equity Incentive Plan then in effect. Your stock options will vest commencing upon your first day of employment (1/4th of the
shares vest one year after the Vesting Commencement Date, and 1/48th of the shares vest monthly thereafter over the next three years). 
 You will also have change in control protections substantially similar to Deepak Ahuja’s. 
 By accepting this
offer, you represent and warrant that your employment with Tesla will not violate any agreements, obligations or understandings that you may have with any third party or prior employer. We want to emphasize that we do not wish you to bring any
confidential or proprietary materials of any former employer which would violate any obligations you may have to your former employer. You further represent and warrant that you have read, understand, and accept the terms of your Stock Option
Agreement, in particular, the vesting schedule of the shares of Tesla’s Common Stock thereof. You agree not to make any unauthorized disclosure to Tesla or use on

 
behalf of Tesla any confidential information belonging to any of your former employers (except in accordance with agreements between Tesla and any such former employer). You also warrant that you
do not possess any property containing a third party’s confidential and proprietary information. Of course, during your employment with Tesla, you may make use of information generally known and used by persons with training and experience
comparable to your own, and information which is common knowledge in the industry or is otherwise legally available in the public domain. 
 As a Tesla employee, you will be expected to abide by all Tesla policies and procedures, and, as a condition of your employment, you will sign and comply with Tesla’s standard confidentiality
agreement which prohibits unauthorized use or disclosure of Tesla confidential information or the confidential information of Tesla’s clients. 
 You may terminate your employment with Tesla at any time and for any reason whatsoever simply by notifying Tesla. Likewise, Tesla may terminate your employment at any time and for any reason whatsoever,
with or without cause or advance notice. This at-will employment relationship cannot be changed except by a writing authorized on behalf of an officer of Tesla. 
 To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with Tesla, you and Tesla agree that any and all disputes, claims, or causes of action, in law
or equity, arising from or relating to your employment, or the termination of your employment, will be resolved, to the fullest extent permitted by law per Attachment A. 
 This letter agreement constitutes the complete, final and exclusive embodiment of the entire agreement between you and Tesla with respect to
the terms and conditions of your employment, and it supersedes any other agreements or promises made to you by anyone, whether oral or written. This Agreement cannot be changed, amended, or modified except in a written agreement signed by an officer
of Tesla. This letter agreement shall be construed and interpreted in accordance with the laws of the State of California. 
 This offer of employment is contingent upon the following: 
  

	 	•	 	 Your ability to provide and maintain the proper and necessary documentation required for you and Tesla to comply with all applicable United States
immigration laws and regulations. Please be prepared on your first day of employment to show specific documentation to certify your legal right to work in the United States. 

  

	 	•	 	 Your execution (signature) of the Tesla Employee Agreement which protects the intellectual property and confidential information of Tesla, and
prohibits the unauthorized use of the intellectual property and confidential information of any other company. 

  

	 	•	 	 The satisfactory review and/or verification of background information, including, but not limited to, prior employment, reference checks, education,
Department of Motor Vehicles, Social Security, and criminal records. 

 The effective date of your employment
is to be September 28, 2009. 
  

 -2- 

 We look forward to your favorable reply and to a productive and enjoyable work relationship.

  

	
	 Very truly yours,

	
	 Tesla Motors, Inc.

	
	/s/ Elon Musk
	
	 Elon Musk

	 Chairman of the Board and CEO

  

			
	Accepted by:	 	 /s/Jon Sobel

 Date: 8/30/09 
  

 -3- 

 ARBITRATION AGREEMENT 
 To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with Tesla, you and Tesla agree
that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to your employment, or the termination of your employment, will be resolved, to the fullest extent permitted by law by final, binding and confidential
arbitration in San Francisco, California conducted by the Judicial Arbitration and Mediation Services/Endispute, Inc. (“JAMS”), or its successors, under the then current rules of JAMS for employment disputes; provided that: 
  

	 	a.	The arbitrator shall have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law;
and 

  

	 	b.	The arbitrator shall issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement of the award; and

  

	 	c.	Both you and Tesla shall be entitled to all rights and remedies that you or Tesla would be entitled to pursue in a court of law; and 

  

	 	d.	Tesla shall pay all fees in excess of those which would be required if the dispute was decided in a court of law. 

 Nothing in this Agreement is intended to prevent either you or Tesla from obtaining injunctive relief in court to prevent irreparable harm
pending the conclusion of any such arbitration. Notwithstanding the foregoing, you and Tesla each have the right to resolve any issue or dispute arising under the Proprietary Information and Inventions Agreement by Court action instead of
arbitration. 
 Arbitrable claims do not include, and this Agreement does not apply to or otherwise restrict, administrative
claims you may bring before any government agency where, as a matter of law, the parties may not restrict your ability to file such claims (including the Equal Employment Opportunity Commission and the National Labor Relations Board). Otherwise, it
is agreed that arbitration shall be the exclusive remedy for administrative claims. 
 Tesla Motors Relocation Program 

 Tesla offers a competitive relocation package which can be utilized over a 24 month period. The benefit highlights are
described below: 
 *Temporary Housing Expenses 
 Temporary housing is covered up to $10,000. We strongly recommend that candidates compare local rates with hotels and temporary housing such
as furnished apartments and suites. Good judgment should be exercised when selecting temporary housing, and the associated costs associated with the property and services. This benefit only applies when you are physically relocating to the new job
location. 

 *Relocation Fees (physical household move) 
 Benefits for transporting furnishings and personal belongings within your current household is covered up to $15,000. The benefit may also be
utilized to move automobiles and sports utility vehicles, up to the maximum allocation stated above. Please obtain 3 quotes if possible; a minimum of 2 is required. Tesla can issue a purchase order for the moving service. 
 *Closing Cost Support 
 Tesla will cover up to a maximum of $10,000 for invoiced expenses of fees incurred in selling your primary residence. Covered fees are limited to items that are contained within your closing costs, but
may included commissions, realtor expenses, and legal costs incurred with the sale of your primary residence. 
 *Area
Overview & Visits to Family 
 Tesla understands that relocations can be stressful. The company provides up to
$5,000 for you and your family to visit the new area to become familiar with the local housing market, available schooling, and to get a better feel for the area you will be residing in. The monies are meant to provide you an opportunity to get an
area overview, generally before the physical move takes place. In addition, during the Temporary Housing period outlined above, these funds may also be utilized to visit family members from your original State of Origin (such as Michigan). This time
off is subject to your available vacation time, and requires management approval. 
 *Spousal Job Support Assistance 

 A benefit of up to $5,000 will be paid to provide your spouse assistance with a local career counseling and job assistance
office. This benefit may be used to obtain resume services, personal coaching, job networking seminars, and other general career services. 
 Please consult with Human Resources on the administration of these programs. Above items may be expensed, as in accordance with local laws and rules pertaining to acceptable expensable items. Lump sum
payments may be issued also; subject to required withholding amounts set by state and federal law. Conflicts or disagreements in the administration of the program will be reviewed by Tesla’s HR and legal groups. Employees who depart the company
prior to one year of service after receiving relocation benefits are subject to a pro-rated repayment schedule.

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