Exhibit 10.1
Settlement Agreement and General Release

|This Settlement Agreement and General Release (the “Agreement”) is made by and
between Bradford Crutchfield (“Executive”) and Bio-Rad Laboratories, Inc., on
behalf of itself and its subsidiaries and affiliates (together, the “Company”),
effective as of the eighth day following Executive’s signature of this Agreement
without revocation (the “Effective Date”) with reference to the following facts:

A.    Executive was President, Life Science Group and Executive Vice
President-Bio-Rad through August 25, 2014 (the “Separation Date”).

B.    Executive and the Company want to end their relationship amicably and also
to establish the obligations of the parties including all amounts due and owing
to Executive through the Separation Date.

NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the parties agree as follows:

1.Payments.

(a)Wages Through Separation Date. Executive acknowledges receipt of amounts
equal to all wages, including accrued, unused vacation or paid time off, owed to
him through the Separation Date. Executive further acknowledges that no
additional compensation or payment is due and owing to Executive following the
Separation Date, except as set forth herein.
(b)Cash Severance. Without admission of any liability, fact or claim, the
Company hereby agrees, subject to the timely execution of this Agreement without
revocation within twenty-one (21) days following the Separation Date, and
Executive’s performance of his continuing obligations pursuant to this
Agreement, the Bio-Rad Employment Agreement executed as of May 20, 1985, and any
other material agreement between Executive and the Company, to provide Executive
severance pay in the aggregate amount of $626,625.00 (the “Severance Payment”).
All Severance Pay shall be paid in a lump sum in accordance with the Company’s
normal payroll practices, and shall be reduced by the amount of all applicable
payroll taxes.
(c)COBRA. The Company shall pay the employee contribution for medical, dental,
and vision coverage for the Executive and his covered dependents (if COBRA
coverage is elected) through (i) August 31, 2015, (ii) until Executive accepts
employment with an employer that offers alternative health coverage, or (iii)
until Executive is otherwise no longer eligible for COBRA, whichever occurs
first.
(d)Options. On the Separation Date, Executive’s outstanding equity grants will
be cancelled and forfeited, to the extent not vested. Except as expressly
provided herein, Executive’s rights under all equity awards shall be governed by
the applicable equity plan, notice of grant and award agreement.
(e)Taxes. Executive understands and agrees that all payments under this
Agreement will be subject to appropriate tax withholding and other deductions.
To the extent any taxes may be payable by Executive for the benefits provided to
him by this Agreement beyond those withheld by the Company, Executive agrees to
pay them himself and to indemnify and hold the Company and the other entities
released herein harmless for any tax claims or penalties, and associated
attorneys’ fees and costs, resulting from any failure by him to make required
payments. To the extent that any reimbursements payable pursuant to this
Agreement are subject to the provisions of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), such reimbursements shall be paid to
Executive no later than December 31 of the year following the year in which the
expense was incurred, the amount of expenses reimbursed in one year shall not
affect the amount eligible for reimbursement in any subsequent year, and
Executive’s right to reimbursement under this Agreement will not be subject to
liquidation or exchange for another benefit.

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(f)Sole Separation Benefit. Executive acknowledges and agrees that the payments
referenced in this Section 1 are not required, whether by agreement or
otherwise, and constitute adequate and valuable consideration, in and of
themselves, for the promises contained in this Agreement.

2.Full Payment. Executive acknowledges that the payments and arrangements herein
shall constitute full and complete satisfaction of any and all amounts properly
due and owing to Executive as a result of his employment with the Company and
the separation thereof, other than reimbursement of expenses incurred prior to
the date hereof in the ordinary course of business in accordance with the
Company’s expense reimbursement policies.

3.Executive’s Release of the Company. Executive understands that by agreeing to
the release provided by this Section 3, Executive is agreeing not to sue, or
otherwise file any claim against, the Company or any of its employees or other
agents for any reason whatsoever based on anything that has occurred as of the
date Executive signs this Agreement.

(a)On behalf of Executive and Executive’s heirs and assigns, Executive hereby
releases and forever discharges the “Company Releasees” hereunder, consisting of
the Company, and each of its owners, affiliates, divisions, predecessors,
successors, assigns, agents, directors, officers, partners, employees, and
insurers, and all persons acting by, through, under or in concert with them, or
any of them, of and from any and all manner of action or actions, cause or
causes of action, in law or in equity, suits, debts, liens, contracts,
agreements, promises, liability, claims, demands, damages, loss, cost or
expense, of any nature whatsoever, known or unknown, fixed or contingent
(hereinafter called “Claims”), which Executive now has or may hereafter have
against the Company Releasees, or any of them, by reason of any matter, cause,
or thing whatsoever from the beginning of time to the date hereof, including,
without limiting the generality of the foregoing, any Claims arising out of,
based upon, or relating in any manner to Executive’s Employment Agreement, hire,
employment, remuneration, equity grants, failure to grant to Executive equity to
which he claims he was entitled, or separation of the Executive’s employment by
the Company Releasees, or any of them, Claims arising under federal, state, or
local laws relating to employment, Claims of any kind that may be brought in any
court or administrative agency, including any Claims arising under the Age
Discrimination in Employment Act ("ADEA"), as amended, 29 U.S.C. § 621, et seq.;
Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of
1991, 42 U.S.C. § 2000 et seq.; the Equal Pay Act, 29 U.S.C. § 206(d); the Civil
Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993,
29 U.S.C. § 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C.
§ 12101 et seq.; the False Claims Act , 31 U.S.C. § 3729 et seq.; the Employee
Retirement Income Security Act, 29 U.S.C. § 1001 et seq.; the Worker Adjustment
and Retraining Notification Act, 29 U.S.C.  § 2101 et seq. the Fair Labor
Standards Act, 29 U.S.C. § 215 et seq., the Sarbanes-Oxley Act of 2002; the
California Labor Code; the employment and civil rights laws of California;
Claims for breach of contract; Claims arising in tort, including, without
limitation, Claims of wrongful dismissal or discharge, discrimination,
harassment, retaliation, fraud, misrepresentation, defamation, libel, infliction
of emotional distress, violation of public policy, and/or breach of the implied
covenant of good faith and fair dealing; and Claims for damages or other
remedies of any sort, including, without limitation, compensatory damages,
punitive damages, injunctive relief and attorney’s fees.

(b)Notwithstanding the generality of the foregoing, Executive does not release
Claims for indemnification under the Company’s Bylaws, California Labor Code
Section 2802 or any other applicable law, any director and officer policies of
insurance in effect as of the Separation Date; Executive’s right to bring to the
attention of the Equal Employment Opportunity Commission or the California
Department of Fair Employment and Housing claims of discrimination, harassment
or retaliation; provided, however, that Executive does release Executive’s right
to secure any damages for alleged discriminatory treatment; and any other Claims
that cannot be released as a matter of law.

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(c)In accordance with the Older Workers Benefit Protection Act of 1990,
Executive has been advised of the following:

(i)Executive has the right to consult with an attorney before signing this
Agreement;

(ii)Executive has been given at least twenty-one (21) days to consider this
Agreement;

(iii)Executive has seven (7) days after signing this Agreement to revoke it, and
Executive will not receive the severance benefits provided by Section 1 of this
Agreement unless and until such seven (7) day period has expired. If Executive
wishes to revoke this Agreement, Executive must deliver notice of Executive’s
revocation in writing, by email, no later than 5:00 p.m. on the 7th day
following Executive’s execution of this Agreement to Colleen Corey at
colleen_corey@bio-rad.com.

(d)EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS BEEN ADVISED OF AND IS FAMILIAR
WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS
FOLLOWS:
“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER
SETTLEMENT WITH THE DEBTOR.”
BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS
EXECUTIVE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW
PRINCIPLES OF SIMILAR EFFECT.

4.Additional Covenants. Executive and the Company further agree as follows:

(a)Non-Disparagement. Executive agrees that he shall not disparage, criticize or
defame the Company, its affiliates and their respective affiliates, directors,
officers, agents, partners, stockholders or employees, whether verbally or by
non-verbal gesture or communication, either publicly or privately. The Company
agrees that the Company’s Board of Directors (“Board”) and its Chief Executive
Officer shall not disparage, criticize or defame Executive, either publicly or
privately. If required, the Company will issue a press release in the form
exchanged concurrently herewith with respect to Executive’s separation and
additional public disclosure shall be consistent with such press release or as
otherwise required by applicable securities laws. Nothing in this Section 4(a)
shall have application to any communication with any government agency or any
evidence or testimony required by any court, arbitrator or government agency.

(b)Non-Solicitation and Non-Interference with Vendors and Customers. Executive
agrees that, during the Term of the Settlement Agreement, he shall not (without
the prior written consent of the Company) (i) solicit, directly or indirectly,
personally or through others, encourage, induce, attempt to induce, solicit or
attempt to solicit (whether on Executive’s own behalf or on behalf of any other
person or entity) any vendor or customer of the Company to adversely alter its
business arrangements with the Company, and/or (ii) interfere or in any way seek
to negatively influence, directly or indirectly, personally or through others,
the Company’s relationship or business with any vendor or customer of the
Company.

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(c) Non-Solicitation and Non-Interference with Employees, Consultants and
Independent Contractors. Executive agrees that, during the Term of the
Settlement Agreement and for a period of 12 (twelve) months thereafter, he shall
not (without the prior written consent of the Company) (i) solicit, directly or
indirectly, personally or through others, encourage, induce, attempt to induce,
solicit or attempt to solicit (whether on Executive’s own behalf or on behalf of
any other person or entity) any employee, consultant or independent contractor
of the Company to leave his, her or its employment, consulting or independent
contractor relationship with the Company, and/or (ii) interfere or in any way
seek to negatively influence, directly or indirectly, personally or through
others, the Company’s relationship or business with any employee, consultant or
independent contractor of the Company. The foregoing will not prohibit
solicitation of employment where Executive can demonstrate by written records
that the employee, consultant or independent contractor first initiated contact
with Executive.

(d)Transfer of Company Property. Executive represents and warrants that, on or
before the Separation Date, he left within his files and laptop turned over to
the Company all electronic or physical files, memoranda, records, and other
documents, and any other electronic, physical or personal property of the
Company which Executive had in his possession, custody or control.

(e)Executive’s Cooperation.  After the Separation Date, Executive shall
cooperate with the Company and its affiliates, upon the Company’s reasonable
request (other than with respect to clause (iv) below, which Executive hereby
agrees to comply with beginning as of the Separation Date without any further
request by the Company), with respect to any (i) the pending U.S. government
Foreign Corrupt Practices Act investigation, or any other pending, contemplated
or future internal or governmental investigation or criminal, administrative,
regulatory, arbitral, or judicial proceeding in any jurisdiction involving
matters within the scope of Executive’s duties and responsibilities to the
Company during his employment with the Company, including, without limitation,
Executive being available to the Company upon reasonable notice and at
reasonable times and places for interviews, depositions, testimony and factual
investigations, appearing at the Company’s reasonable request to give testimony
or interviews without requiring service of a subpoena or other legal process,
turning over to the Company all relevant Company documents which are or may have
come into Executive’s possession during his employment, and providing
declarations as requested. Such cooperation shall be provided without additional
charge during the period that Executive is receiving Severance Pay, and at a
mutually agreeable rate after such time.

(f)Board and Office Resignation. Contemporaneously with the execution of this
Agreement, Executive has executed and delivered to the Company a resignation, in
the form of Exhibit 4(f) hereto, from all board and officer positions he holds
in the Company and its subsidiaries.

(g)Review of Press Release. The Company will afford Executive the right to
review and reasonably approve its press release announcing its chief executive
transition insofar as such press release refers to Executive (but Executive
shall not have any approval right with respect to any language in such press
release that does not specifically refer to Executive).

5.Representations. Executive warrants and represents that (a) he has not filed
or authorized the filing of any complaints, charges or lawsuits against the
Company or any released party with any governmental agency or court, and that
if, unbeknownst to Executive, such a complaint, charge or lawsuit has been filed
on his behalf, he or it will immediately cause it to be withdrawn and dismissed,
(b) the execution, delivery and performance of this Agreement by Executive does
not and will not conflict with, breach, violate or cause a default under any
agreement, contract or instrument to which Executive is a party or any judgment,
order or decree to which Executive is subject, and (c) upon the execution and
delivery of this Agreement by Executive, this Agreement will be a valid and
binding obligation of Executive, enforceable in accordance with its terms
(subject to the uncertainties of California law, the enforceability exceptions
and the discretion of a court or arbitrator in granting equitable or legal
relief). Executive further represents that (i) he has reported all hours worked
as of the date of this Agreement and has been paid all compensation, wages,
bonuses, commissions, and/or benefits to which he may be entitled and no other
compensation, wages, bonuses, commissions and/or benefits

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are due to him, except as provided in this Agreement, and (ii) he has no known
workplace injuries or occupational diseases and has been provided and/or has not
been denied any leave requested under the Family and Medical Leave Act or any
similar state law.

6.No Assignment. Executive warrants and represents that no portion of any of the
matters released herein, and no portion of any recovery or settlement to which
Executive might be entitled, has been assigned or transferred to any other
person, firm or corporation not a party to this Agreement, in any manner,
including by way of subrogation or operation of law or otherwise, other than in
connection with Executive’s death. If any claim, action, demand or suit should
be made or instituted against the Company or any other released party because of
any unpermitted assignment, subrogation or transfer by Executive, Executive
agrees to indemnify and hold harmless the aggrieved party against such claim,
action, suit or demand, including necessary expenses of investigation,
attorneys’ fees and costs.

7.Governing Law. This Agreement shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the laws of the State
of California or, where applicable, United States federal law, in each case,
without regard to any conflicts of laws provisions or those of any state other
than California.

8.Agreement to Arbitrate. Any dispute, claim or controversy based on, arising
out of or relating to Executive’s employment or this Agreement shall be settled
by final and binding arbitration in San Jose, California, before a single
neutral arbitrator in accordance with the National Rules for the Resolution of
Employment Disputes (the “Rules”) of the American Arbitration Association
(“AAA”), and judgment on the award rendered by the arbitrator may be entered in
any court having jurisdiction. Arbitration may be compelled pursuant to the
California Arbitration Act (Code of Civil Procedure §§ 1280 et seq.). If the
parties are unable to agree upon an arbitrator, one shall be appointed by the
AAA in accordance with its Rules. Each party shall pay the fees of its own
attorneys, the expenses of its witnesses and all other expenses connected with
presenting its case; provided, however, Executive and the Company agree that, to
the extent permitted by law, the arbitrator may, in his or her discretion, award
reasonable attorneys’ fees to the prevailing party; provided, further, that the
prevailing party shall be reimbursed for such fees, costs and expenses within
forty-five (45) days following any such award, but in no event later than the
last day of the Executive’s taxable year following the taxable year in which the
fees, costs and expenses were incurred; provided, further, that the parties’
obligations pursuant to this sentence shall terminate on the tenth (10th)
anniversary of the Separation Date . Other costs of the arbitration, including
the cost of any record or transcripts of the arbitration, AAA’s administrative
fees, the fee of the arbitrator, and all other fees and costs, shall be borne by
the Company. This Section 10 is intended to be the exclusive method for
resolving any and all claims by the parties against each other for payment of
damages under this Agreement or relating to Executive’s employment; provided,
however, that neither this Agreement nor the submission to arbitration shall
limit the parties’ right to seek provisional relief, including without
limitation injunctive relief, in any court of competent jurisdiction pursuant to
California Code of Civil Procedure § 1281.8 or any similar statute of an
applicable jurisdiction. Seeking any such relief shall not be deemed to be a
waiver of such party’s right to compel arbitration. Both Executive and the
Company expressly waive their right to a jury trial.

9.Entire Agreement. This Agreement and the Confidentiality Agreement constitute
the entire agreement between the parties with regard to the subject matter
hereof and the Confidentiality Agreement shall continue pursuant to its terms
and conditions. The Company and Executive acknowledge that the termination of
Executive’s employment with the Company was an involuntary separation from
service for the purposes of Section 409A of the Code, and the related Department
of Treasury regulations. Executive acknowledges that there are no other
agreements, written, oral or implied, and that he may not rely on any prior
negotiations, discussions, representations or agreements. This Agreement may be
modified only in writing, and such writing must be signed by Executive and the
Chief Executive Officer of the Company and recite that it is intended to modify
this Agreement. This Agreement may be executed in separate counterparts, each of
which is deemed to be an original and all of which taken together constitute one
and the same agreement.
 (Signature page(s) follow)

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IN WITNESS WHEREOF, the undersigned have caused this Settlement Agreement and
General Release to be duly executed and delivered as of the date indicated next
to their respective signatures below.

DATED: September 14, 2014
/s/ Bradford Crutchfield        
Bradford Crutchfield

BIO-RAD LABORATORIES, INC.

DATED: September 15, 2014

By: /s/ Norman Schwartz    
Name: Norman Schwartz
Title: Chief Executive Officer

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|EXHIBIT 4(f)

August 25, 2014

Bio-Rad Laboratories, Inc.
1000 Alfred Nobel Drive
Hercules, CA 94547

Ladies and Gentlemen:

I hereby resign, effective immediately, from all positions I hold as a member of
the board of directors, or as an officer or employee, of Bio-Rad Laboratories,
Inc. (the “Company”) and its subsidiaries. Please be advised that my resignation
from these positions is not because of any disagreement with the Company on any
matter relating to the Company’s operations, policies or practices.

/s/ Bradford Crutchfield    
Bradford Crutchfield

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