Common use of Reduction in FTEs Clause in Contracts

Reduction in FTEs. (i) During the period beginning on August 1, 2008 and ending on the third (3rd) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program by up to [*] FTEs upon sixty (60) days advance notice. (ii) After the third (3rd) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program upon advance notice; provided, however, that the number of FTEs that may be reduced will not be greater than as set forth in, and implemented after written notice thereof in accordance with, the table in this Section 2.6(c)(ii), below; provided, further, however, that no reductions may be noticed during the applicable standstill period set forth in this Section 2.6(c)(ii), below, immediately after an FTE reduction already noticed (each such period during which no subsequent notice may be given, a “Standstill Period”). By way of example, if Shell elects to reduce the number of FTEs by [*] FTEs or less, no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of advance written notice of such reduction election. Similarly, if Shell elects to reduce the number of FTEs by more than [*] FTEs but less than or equal to [*] FTEs, no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of advance written notice of such reduction election.

Reduction in FTEs. (i) During the period beginning on August May 1, 2008 2009 and ending on the third (3rd) anniversary of the Effective DateMay 1, 2010, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program by up to [*] twelve (12) FTEs upon sixty (60) days advance notice. (ii) After the third fourth (3rd4th) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program upon advance notice; provided, however, that the number of FTEs that may be reduced will not be greater than as set forth in, and implemented after written notice thereof in accordance with, the table in this Section 2.6(c)(ii), below; provided, further, however, that no reductions may be noticed during the applicable standstill period set forth in this Section 2.6(c)(ii), below, immediately after an a FTE reduction already noticed (each such period during which no subsequent notice may be given, a “Standstill Period”). £ 12 90 days 30 days 13 £ 48 180 days 90 days 49 £ 78 360 days 180 days 79 £ 98 360 days 270 days By way of example, if Shell elects to reduce the number of FTEs by [*] twelve (12) FTEs or less, no additional reductions may be made by Shell during the [*] ninety (90) day Standstill Period beginning on the date of advance written notice of such reduction election. Similarly, if Shell elects to reduce the number of FTEs by more than [*] twelve (12) FTEs but less than or equal to [*] forty-eight (48) FTEs, no additional reductions may be made by Shell during the [*] one hundred eighty (180) day Standstill Period beginning on the date of advance written notice of such reduction election. (j) Section 2.8 is hereby deleted and replaced in its entirety by the following:

Reduction in FTEs. (i) During the period beginning on August May 1, 2008 2009 and ending on November 1, 2010, Shell shall have the third right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program by up to twelve (3rd12) FTEs upon sixty (60) days’ advance written notice. (ii) After the fourth (4th) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program in accordance with the advance written notice and other requirements set forth in this Section 2.6(c)(ii). Any such advance written notice may be delivered by up Shell to [*] FTEs upon sixty (60) days advance notice. (ii) After the third (3rd) anniversary of the Effective DateCodexis only on or after November 2, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program upon advance notice; provided, however, that 2010 and the number of FTEs that may be reduced will not be greater than as set forth in, and implemented after written notice thereof in accordance with, the table in this Section 2.6(c)(ii), below; provided. Notwithstanding anything to the contrary in this Section 2.6(c)(ii), further, however, that no reductions may be noticed during the applicable standstill period as set forth in the table in this Section 2.6(c)(ii), below, immediately after an a FTE reduction already noticed (each such period during which no subsequent notice may be given, a “Standstill Period”). By way of example, if Shell elects to reduce the number of FTEs by [*] FTEs or less, no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of that Shell delivers advance written notice of such reduction election. Similarly, if Shell elects to reduce the number of FTEs by more than [*] FTEs but less than or equal to [*] FTEs], no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of that Shell delivers advance written notice of such reduction election.

Reduction in FTEs. (i) During the period beginning on August May 1, 2008 2009 and ending on the third (3rd) anniversary of the Effective Date[*], Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program by up to [*] FTEs upon sixty (60) days [*] advance notice. (ii) After the third fourth (3rd4th) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program upon advance notice; provided, however, that the number of FTEs that may be reduced will not be greater than as set forth in, and implemented after written notice thereof in accordance with, the table in this Section 2.6(c)(ii), below; provided, further, however, that no reductions may be noticed during the applicable standstill period set forth in this Section 2.6(c)(ii), below, immediately after an a FTE reduction already noticed (each such period during which no subsequent notice may be given, a “Standstill Period”). By way of example, if Shell elects to reduce the number of FTEs by [*] FTEs or less, no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of advance written notice of such reduction election. Similarly, if Shell elects to reduce the number of FTEs by more than [*] FTEs but less than or equal to [*] FTEs, no additional reductions may be made by Shell during the [*] day Standstill Period beginning on the date of advance written notice of such reduction election. (j) Section 2.8 is hereby deleted and replaced in its entirety by the following:

Reduction in FTEs. (i) During the period beginning on August 1, 2008 and ending on the third (3rd) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program by up to [*] twelve (12) FTEs upon sixty (60) days advance notice. (ii) After the third (3rd) anniversary of the Effective Date, Shell shall have the right to reduce the total number of FTEs assigned by Codexis to perform Codexis’ obligations under the Program upon advance notice; provided, however, that the number of FTEs that may be reduced will not be greater than as set forth in, and implemented after written notice thereof in accordance with, the table in this Section 2.6(c)(ii), below; provided, further, however, that no reductions may be noticed during the applicable standstill period set forth in this Section 2.6(c)(ii), below, immediately after an FTE reduction already noticed (each such period during which no subsequent notice may be given, a “Standstill Period”). < 12 90 days 30 days 13 < 48 180 days 90 days By way of example, if Shell elects to reduce the number of FTEs by [*] twelve (12) FTEs or less, no additional reductions may be made by Shell during the [*] ninety (90) day Standstill Period beginning on the date of advance written notice of such reduction election. Similarly, if Shell elects to reduce the number of FTEs by more than [*] twelve (12) FTEs but less than or equal to [*] forty-eight (48) FTEs, no additional reductions may be made by Shell during the [*] one hundred eighty (180) day Standstill Period beginning on the date of advance written notice of such reduction election.