Tesla 2016 Annual Report Download - page 97

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the anniversary dates. This grant shall be subject to the terms and conditions of Tesla’s 2010 Equity Incentive Plan
and your Award Agreement, including vesting requirements.
Please be aware that Tesla makes no representation about the future value of the equity award granted herein, and
you should be aware that the value of this award will fluctuate in the future. Finally, the receipt of this award is subject
to your signing the appropriate grant agreements.
401K Program: You will be eligible to participate in Tesla’s 401K program after your first pay check. Our 401K
program is administered by Fidelity Investments.
VacationProgram:Regular full-time employees and part-time employees who work 20 hours per week are eligible for
PTO immediately and accrue PTO at 1.25 days per month (for a total of 15 days per calendar year).
The Company is excited about your joining and looks forward to a beneficial and fruitful relationship. Nevertheless, you should
be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you
are free to resign at any time, for any reason or for no reason, with or without notice. Similarly, the Company is free to conclude
its employment relationship with you at any time, with or without cause, and with or without notice.
We ask that, if you have not already done so, you disclose to Tesla any and all agreements relating to your prior employment
that may affect your eligibility to be employed by Tesla or limit the manner in which you may be employed. It is Tesla’s
understanding that any such agreements will not prevent you from performing the duties of your position and you represent that
such is the case. 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 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. Moreover, you
agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation,
consulting or other business activity directly related to the business in which Tesla is now involved or becomes involved during
the term of your employment, nor will you engage in any other activities that conflict with your obligations to Tesla.
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.
In addition, 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 your city and state of employment conducted by the
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