Exhibit 10.3

CELERA CORPORATION 2008 STOCK INCENTIVE PLAN

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT

(TIME-BASED VESTING)

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) evidences the
agreement between Celera Corporation, a Delaware corporation (the “Company”),
and [EMPLOYEE NAME], an employee of the Company or one of its subsidiaries
(“you”), effective as of [GRANT DATE], [Month, Day, Year]. This Agreement is
subject to the terms and conditions contained herein and your acceptance hereof
on or before [DATE]. If you do not accept this Agreement on or before [DATE] you
will forfeit all Units (as defined below) granted hereunder and this Agreement
will be void and no longer effective.

1. Grant of Restricted Stock Units. The Company hereby grants to you [NUMBER OF
SHARES] Restricted Stock Units (each a “Unit”). Upon vesting, each Unit entitles
you to receive one share of Celera Corporation Common Stock, par value $.01 per
share (the “Celera Shares”), under the terms of the Celera Corporation 2008
Stock Incentive Plan, as amended (the “Plan”). Each Unit will remain subject to
forfeiture unless and until such Unit has vested in accordance with the Plan and
this Agreement, and will remain restricted as to transferability until such Unit
is settled.

2. Vesting and Settlement. Subject to your continued employment with the Company
or one of its subsidiaries, [XX% of the Units will vest on each of XX];
provided, however, that only whole Units shall vest, and if by applying the
foregoing vesting provisions a fractional Unit would vest, such fractional Unit
shall not vest until the following vesting date, with full vesting in all Units
on the last vesting date. Upon vesting, the Company shall issue to you in book
form whole numbers of Celera Shares equal to the whole number of Units vested,
unless you request the shares be issued in certificate form.

3. Termination of Employment. If your employment with the Company or a
subsidiary is terminated by you or the Company for any reason other than death
or total and permanent disability prior to the vesting of all or a portion of
the Units, the Units which have not vested will be forfeited and will revert
back to the Company without payment to you of any consideration.

4. Stockholder Rights. Prior to the time that your Units vest and the Company
has issued Celera Shares relating to such Units, you will not be deemed to be
the holder of, or to have any of the rights of a holder with respect to, any
Celera Shares deliverable with respect to such Units.

5. Non-Transferability. Prior to the time that your Units vest and the Company
has issued Celera Shares relating to such Units, none of the Units (or Celera
Shares subject to the Units) may be sold, assigned, bequeathed, transferred,
pledged, hypothecated, or otherwise disposed of in any way.

6. Death, Disability and Change of Control. Subject to the terms of the Plan,
all outstanding Units will be deemed vested (without regard to the vesting
dates) upon (i) your death, (ii) your total and permanent disability, or
(iii) the occurrence of any of the events set forth in Section 11 of the Plan.

7. No Right to Continued Employment. Neither the Units nor this Agreement confer
upon you any right to continue to be an employee of the Company or any of its
subsidiaries or interferes in any way with the right of the Company or any of
its subsidiaries to terminate your employment at any time. As described in
Section 3 above, any unvested Units will terminate upon the termination of your
employment for any reason other than death or total and permanent disability.
The Units will not be reinstated if you are subsequently reinstated as an
employee of the Company or any subsidiary.

8. No Right to Future Benefits. The Plan and the benefits offered under the Plan
are provided by the Company on an entirely discretionary basis, and the Plan
creates no vested rights in participants. Neither the Units nor this Agreement
confer upon you any benefit other than as specifically set forth in this
Agreement and the Plan. You understand and agree that the benefits offered under
the Units and the Plan

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are not part of your salary and that receipt of the Units does not entitle you
to any future benefits under the Plan or any other plan or program of the
Company. The award of Units is not part of normal or expected compensation for
purposes of calculating any severance, resignation, redundancy, end of service
payments, bonuses, long-service awards, pension, or retirement benefits or
similar payments.

9. Compliance with Law. No Celera Shares will be delivered to you upon the
vesting of the Units unless counsel for the Company is satisfied that such
delivery will be in compliance with all applicable laws.

10. Entire Agreement. This Agreement and the Plan contain the entire agreement
between you and the Company regarding the Units and supersede all
contemporaneous or prior arrangements or understandings with respect thereto.

11. Terms of Plan Govern. This Agreement and the terms of the Units will be
governed by the terms of the Plan which is hereby incorporated by reference in
this Agreement. In the event of any ambiguity in this Agreement or any
inconsistency between the terms of this Agreement and the terms of the Plan, the
terms of the Plan will govern. By your acceptance of this Agreement, you
acknowledge receipt of the Plan and agree to be bound by all of the terms of the
Plan. Defined terms used but not otherwise defined herein shall have the meaning
set forth in the Plan.

12. Amendments. The Units or the Plan may, subject to certain exceptions, be
amended by the Compensation Committee of the Board of Directors at any time in
any manner. However, no amendment of the Units or the Plan will adversely affect
in any material manner any of your rights under the Units without your consent.

13. Governing Law. This Agreement will be governed by and construed in
accordance with the internal laws of the State of Delaware.

14. Withholding. By acceptance of this Agreement, you agree that the Company
will automatically withhold a number of Celera Shares otherwise deliverable
under this Agreement, or Units corresponding to that number of shares, with a
fair market value equal to any applicable tax, social insurance and social
security withholding obligations arising in connection with the Units or your
participation in the Plan. Alternatively, you may elect to satisfy such
withholding obligations by: (a) paying the Company or your employer, as the case
may be, an amount sufficient to satisfy any applicable tax, social insurance and
social security withholding obligations; (b) deducting from your salary or any
other cash payments due to you a sum equal to any applicable tax, social
insurance and social security withholding obligations; or (c) any combination of
the foregoing (including withholding in Celera Shares and/or Units) provided,
such election is made during a period in which you are allowed to trade in
Celera Shares under the Company’s insider trading policy.

15. Data Privacy. By your acceptance of this Agreement, you consent to the
collection, use, processing and transfer of personal data as described in this
paragraph. You understand that the Company and its subsidiaries hold certain
personal information about you, including your name, home address and telephone
number, date of birth, social security number, social insurance number or other
employee identification number, salary, nationality, job title, any shares of
stock or directorships held in the Company, details of all options or any other
entitlement to shares of stock awarded, canceled, purchased, vested, unvested or
outstanding in your favor, for the purpose of managing and administering the
Plan (“Data”). You further understand that the Company and/or its subsidiaries
will transfer Data amongst themselves as necessary for the purpose of
implementation, administration and management of your participation in the Plan,
and that the Company and/or any of its subsidiaries may each further transfer
Data to any third parties assisting the Company in the implementation,
administration and management of the Plan. You understand that these recipients
may be located in the United States and elsewhere. You authorize them to
receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes of implementing, administering and managing your
participation in the Plan, including any requisite transfer of such Data as may
be required for the administration of the Plan and/or the subsequent holding of
shares of stock on your behalf to a broker or other third party with whom you
may elect to deposit any shares of stock acquired pursuant to the Plan. You
understand and further authorize the Company and/or any of its subsidiaries to
keep Data

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in your personnel file. You also understand that you may, at any time, review
Data, require any necessary amendments to Data or withdraw the consents herein
in writing by contacting the Company. You further understand that withdrawing
your consent may affect your ability to participate in the Plan.

IN WITNESS WHEREOF, this Agreement has been duly authorized by the Company,
subject to your acceptance as provide above, as of the day and year first
written above.

 

CELERA CORPORATION By: