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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/10/21 Neonode Inc. 10-K 12/31/20 89:5.6M EdgarAgents LLC/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 508K
2: EX-10.4 Employment Agreement of Urban Forssell, Dated HTML 50K
October 20, 2019
3: EX-21 Subsidiaries of the Registrant HTML 24K
4: EX-23.1 Consent of Independent Registered Public HTML 24K
Accounting Firm
5: EX-31.1 Certification -- §302 - SOA'02 HTML 27K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 27K
7: EX-32 Certification -- §906 - SOA'02 HTML 26K
14: R1 Document And Entity Information HTML 63K
15: R2 Consolidated Balance Sheets HTML 115K
16: R3 Consolidated Balance Sheets (Parentheticals) HTML 33K
17: R4 Consolidated Statements of Operations HTML 104K
18: R5 Consolidated Statements of Comprehensive Loss HTML 49K
19: R6 Consolidated Statements of Stockholders? Equity HTML 85K
20: R7 Consolidated Statements of Cash Flows HTML 110K
21: R8 Nature of the Business and Operations HTML 36K
22: R9 Summary of Significant Accounting Policies HTML 94K
23: R10 Prepaid Expenses and Other Current Assets HTML 30K
24: R11 Property and Equipment HTML 31K
25: R12 Accrued Expenses HTML 30K
26: R13 Short-Term Borrowings HTML 30K
27: R14 Fair Value Measurements HTML 30K
28: R15 Stockholders' Equity HTML 69K
29: R16 Stock-Based Compensation HTML 51K
30: R17 Commitments and Contingencies HTML 35K
31: R18 Leases HTML 87K
32: R19 Segment Information HTML 39K
33: R20 Income Taxes HTML 52K
34: R21 Employee Benefit Plans HTML 29K
35: R22 Net Loss Per Share HTML 34K
36: R23 Accounting Policies, by Policy (Policies) HTML 164K
37: R24 Summary of Significant Accounting Policies HTML 63K
(Tables)
38: R25 Prepaid Expenses and Other Current Assets (Tables) HTML 30K
39: R26 Property and Equipment (Tables) HTML 30K
40: R27 Accrued Expenses (Tables) HTML 29K
41: R28 Stockholders' Equity (Tables) HTML 68K
42: R29 Stock-Based Compensation (Tables) HTML 48K
43: R30 Leases (Tables) HTML 92K
44: R31 Segment Information (Tables) HTML 35K
45: R32 Income Taxes (Tables) HTML 53K
46: R33 Net Loss Per Share (Tables) HTML 32K
47: R34 Nature of the Business and Operations (Details) HTML 83K
48: R35 Summary of Significant Accounting Policies HTML 67K
(Details)
49: R36 Summary of Significant Accounting Policies HTML 33K
(Details) - Schedule of inventory
50: R37 Summary of Significant Accounting Policies HTML 33K
(Details) - Schedule of estimated useful lives of
property and equipment
51: R38 Summary of Significant Accounting Policies HTML 46K
(Details) - Schedule of disaggregated revenues
52: R39 Summary of Significant Accounting Policies HTML 30K
(Details) - Schedule of prepayments or upfront
payments for goods or services from our customers
53: R40 Summary of Significant Accounting Policies HTML 29K
(Details) - Schedule of activity related to the
product warranty liability
54: R41 Summary of Significant Accounting Policies HTML 36K
(Details) - Schedule of deferred revenues
55: R42 Summary of Significant Accounting Policies HTML 36K
(Details) - Schedule of weighted average exchange
rate for the condensed consolidated statements of
operations
56: R43 Summary of Significant Accounting Policies HTML 35K
(Details) - Schedule of exchange rate for the
consolidated balance sheets
57: R44 Prepaid Expenses and Other Current Assets HTML 43K
(Details) - Schedule of prepaid expense and other
current assets
58: R45 Property and Equipment (Details) HTML 27K
59: R46 Property and Equipment (Details) - Schedule of HTML 38K
property and equipment
60: R47 Accrued Expenses (Details) - Schedule of accrued HTML 31K
expenses
61: R48 Short-Term Borrowings (Details) HTML 43K
62: R49 Stockholders' Equity (Details) HTML 49K
63: R50 Stockholders' Equity (Details) - Schedule of HTML 54K
Summary of all warrant activity
64: R51 Stockholders' Equity (Details) - Schedule of HTML 34K
Summary of all stock option plans / warrant
activity
65: R52 Stockholders' Equity (Details) - Schedule of HTML 69K
preferred stock activities
66: R53 Stock-Based Compensation (Details) HTML 49K
67: R54 Stock-Based Compensation (Details) - Schedule of HTML 56K
Summary of options outstanding by exercise price
range
68: R55 Stock-Based Compensation (Details) - Schedule of HTML 55K
Summary of all stock option plans / warrant
activity
69: R56 Stock-Based Compensation (Details) - Schedule of HTML 31K
Summary of stock-based compensation expense
70: R57 Commitments and Contingencies (Details) HTML 30K
71: R58 Leases (Details) HTML 37K
72: R59 Leases (Details) - Schedule of components of lease HTML 35K
expense
73: R60 Leases (Details) - Schedule of supplemental cash HTML 35K
flow information related to leases
74: R61 Leases (Details) - Schedule of supplemental HTML 60K
balance sheet information
75: R62 Leases (Details) - Schedule of future minimum HTML 40K
payments under non-cancellable operating lease
commitments
76: R63 Leases (Details) - Schedule of future minimum HTML 42K
payments under non-cancellable finance leases
77: R64 Segment Information (Details) HTML 27K
78: R65 Segment Information (Details) - Schedule of net HTML 51K
revenues by geographic region
79: R66 Income Taxes (Details) HTML 35K
80: R67 Income Taxes (Details) - Schedule of loss before HTML 33K
income taxes by geographically
81: R68 Income Taxes (Details) - Schedule of provision for HTML 50K
income taxes
82: R69 Income Taxes (Details) - Schedule of effective HTML 41K
income tax rate and the U.S. federal statutory
federal income tax rate
83: R70 Income Taxes (Details) - Schedule of significant HTML 38K
components of the deferred tax asset
84: R71 Employee Benefit Plans (Details) HTML 39K
85: R72 Net Loss Per Share (Details) HTML 33K
86: R73 Net Loss Per Share (Details) - Schedule of basic HTML 32K
and diluted for net loss per share
88: XML IDEA XML File -- Filing Summary XML 165K
87: EXCEL IDEA Workbook of Financial Reports XLSX 110K
8: EX-101.INS XBRL Instance -- neond-20201231 XML 1.28M
10: EX-101.CAL XBRL Calculations -- neond-20201231_cal XML 123K
11: EX-101.DEF XBRL Definitions -- neond-20201231_def XML 812K
12: EX-101.LAB XBRL Labels -- neond-20201231_lab XML 1.61M
13: EX-101.PRE XBRL Presentations -- neond-20201231_pre XML 818K
9: EX-101.SCH XBRL Schema -- neond-20201231 XSD 261K
89: ZIP XBRL Zipped Folder -- 0001213900-21-014481-xbrl Zip 183K
Exhibit 10.4
 |
Storgatan 23 C 114 55 Stockholm Sweden |
info@neonode.com www.neonode.com www.linkedin.com/company/neon ode |  |
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 Urban Forssell, personal identity no. XXXXXX-XXXX, address XXX. (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 January 1, 2020 (“Commencement Date”). The employment shall last until further notice. |
| 1.3 | As from the Commencement Date, the Employee’s employment is governeq by the terms and conditions of this Employment Agreement between the parties. This Employment Agreement overrules and supersedes all previous agreements between the parties. |
| 1.4 | 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 Board and Management guidelines (attachment A) issued from time to time by Neonode’s Board of Directors. |
| 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. |
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| 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 SEK 175,000 per month. The salary is paid in accordance with Neonode’s prevalent payment routines. The gross monthly salary will 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. friskvardsbidrag) in accordance with Neonode’s from time to time applicable health care allowance policy. |
| 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. |
In addition to Clause 5.1 above, Neonode undertakes to supply occupational group life insurance (Sw. Tjanstegrupplivforsakring), industrial (occupational) injury insurance (Sw. Trygghetsforsakring vid arbetsskada), disability pension insurance (Sw. Sjukpensionsforsakring) 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 Chairman of the Board of Directors 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 (S w. Semesterlagen ( 1977:480)). The Employee is entitled to holiday in advance (Sw. f6rskottssemstet). 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 (“Forsakringskassan”) 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 six (6) months’ notice from the Employee’s side and with a twelve (12) months’ notice from Neonode’s side, during which time the employee are entitled to receive his monthly salary. The board have however the right to exempt the employee from his position during the termination period. Upon termination for cause, the employee shall not receive any severance. |
| 11.2 | The Employee acknowledges that the Employee’s obligations according to Clause 10 (Intellectual Property Rights) and 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 (12) 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; nor | |
| (c) | actively solicit employees of Neonode or any of its affiated companies at any time during the twelve month period immediately preceding the date on which the Employee’s employment with Neonode terminated. |
| 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. |
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| 15 | AMENDMENTS AND MODIFICATIONS |
This Employment Agreement may not be amended nor modified unless agreed upon in writing and signed by the parties.
This Agreement constitutes the entire agreement of the parties relating to the subject matter addressed in this Agreement. This Agreement supersedes all prior communications, contracts, or agreements between the parties with respect to the subject matter addressed in this Agreement, whether oral or written.
This Employment Agreement has been executed in duplicate and the parties have received one copy each.
| Date: October 20, 2019 | Date: October 20, 2019 |
| /s/ Ulf Rosberg | ||
| Ulf Rosberg | Urban Forssell | |
| Chairman of the Board of Directors | ||
| Neonode Inc |
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| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/10/21 | 8-K | ||
| For Period end: | 12/31/20 | |||
| 1/1/20 | 3 | |||
| 10/20/19 | 8-K | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/28/24 Neonode Inc. 10-K 12/31/23 89:5.8M EdgarAgents LLC/FA 3/09/23 Neonode Inc. 10-K 12/31/22 88:5.9M EdgarAgents LLC/FA 3/11/22 Neonode Inc. 10-K/A 12/31/21 14:261K EdgarAgents LLC/FA 3/10/22 Neonode Inc. 10-K 12/31/21 88:6.4M EdgarAgents LLC/FA 10/21/21 Neonode Inc. 424B5 1:310K EdgarAgents LLC/FA 5/10/21 Neonode Inc. S-3 7:1.4M EdgarAgents LLC/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/11/20 Neonode Inc. 8-K:5,9 12/07/20 6:102K EdgarAgents LLC/FA 11/02/20 Neonode Inc. S-8 11/02/20 4:209K EdgarAgents LLC/FA 8/10/20 Neonode Inc. 8-K:1,3,5,8 8/05/20 6:730K EdgarAgents LLC/FA 6/22/20 Neonode Inc. 8-K:1,2,9 6/17/20 3:131K EdgarAgents LLC/FA 5/31/19 Neonode Inc. 8-K:5,9 5/28/19 3:108K EdgarAgents LLC/FA 5/08/19 Neonode Inc. 8-K:1,9 5/06/19 2:110K EdgarAgents LLC/FA 11/08/18 Neonode Inc. 10-Q 9/30/18 61:4M EdgarAgents LLC/FA 2/15/18 Neonode Inc. 8-K:5,9 2/12/18 4:112K EdgarAgents LLC/FA 8/08/17 Neonode Inc. 8-K:1,3,8,9 8/02/17 4:435K EdgarAgents LLC/FA 8/16/16 Neonode Inc. 8-K:1,3,8,9 8/11/16 6:642K EdgarAgents LLC/FA 3/11/16 Neonode Inc. 10-K 12/31/15 90:6.8M EdgarAgents LLC/FA |