Exhibit 10.2

    

Amended and Restated Employee Stock Purchase Plan
(As approved by the stockholders on May 4, 2006 and as amended effective as of
June 29, 2015)
The purpose of the Employee Stock Purchase Plan (the “Program”) of Quest
Diagnostics Incorporated (the “Corporation”) is to provide to employees an
ongoing opportunity to purchase shares of Common Stock of the Corporation, par
value $0.01 per share (“Common Stock”). The Program became effective upon its
approval by the holders of stock entitled to vote at the Corporation’s May 4,
2006 Annual Meeting of Stockholders and has subsequently been amended.
1.Administration. The Program will be administered by the Compensation Committee
of the Board of Directors (the “Committee”). The Committee will have authority
to (a) exercise all of the powers granted to it under the Program, (b) construe,
interpret and implement the Program, (c) to prescribe, amend and rescind rules
and regulations relating to the Program, including rules governing its own
operations, (d) to make all determinations necessary or advisable in
administering the Program and (e) to correct any defect, supply any omission and
reconcile any inconsistency in the Program. The determination of the Committee
on any matters relating to the Program shall be final, binding and conclusive.
No member of the Committee shall be liable for any action or determination made
in good faith with respect to the Program. To the extent permitted by applicable
law, the Committee may delegate such responsibilities and powers as it specifies
to any employee or employees selected by it. Any action undertaken by an
administrator in accordance with the Committee’s delegation of authority shall
have the same force and effect as if undertaken directly by the Committee. Any
such delegation may be revoked by the Committee at any time.

2.Eligibility. Such groups of employees of the Corporation or any subsidiary or
other entity as may from time to time be designated by the Committee
(“Participating Entity”) will be eligible to participate in the Program, in
accordance with such rules as may be prescribed from time to time by the
Committee. No employee can participate in the Program if such employee would,
immediately after participating in the Program, own stock possessing five
percent or more of the total combined voting power or value of all classes of
stock of the Corporation or of its parent or subsidiary corporations. A person
may not participate in the Program unless such person is an “employee” as
defined in the instructions to the Form S-8 registration statement under the
Securities Act of 1933, as amended (or any successor form) as in effect from
time to time.

3.Shares Subject to the Program. The total number of shares of Common Stock
which may be delivered pursuant to the Program will be five million (5,000,000)
shares of Common Stock in the aggregate. In the event of any stock split,
reverse stock split, stock dividend, recapitalization, reorganization, merger,
demerger, consolidation, split-up, spin-off, combination or exchange of shares,
or any similar change affecting the Common Stock, or in the event the Company
pays an extraordinary cash dividend: (i) the number and kind of shares which may
be delivered under the Program; (ii) the number and kind of shares subject to
outstanding Options (as hereinafter defined); and (iii) the exercise price of
outstanding Options shall be appropriately adjusted consistent with such change
in such manner as the Committee may deem equitable to prevent substantial
dilution or enlargement of the right granted to, or available for, participants.
Except as expressly provided herein, no issuance by the Corporation of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an Option. The Shares
delivered under the Plan may be authorized and unissued shares or shares held in
the treasury of the Corporation, including shares purchased by the Corporation
(at such time or times and in such manner as it may determine).

4.Participation; Payroll Deductions.

(a)An eligible employee may participate in the Program by completing the
enrollment process specified by the Corporation, including authorizing payroll
deductions from the employee’s eligible compensation (as determined from time to
time by the Committee). Payroll deductions authorized by a participating
employee will be given effect as soon as practicable after completion of the
enrollment process, but may not be retroactive.

(b)Unless otherwise determined by the Committee, an employee may authorize a
payroll deduction at a rate, in whole percentages, of (X) not less than one
percent (1%) of the eligible compensation that the employee receives during each
payroll period and (Y) not greater than ten percent (10%) of the eligible
compensation that the employee receives during each payroll period; provided,
however, that employees participating in the Program on June 29 , 2015 shall not
be subject to the limitation set forth in clause (X) until such time, if any, as
they change the amount of their payroll deduction.

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(c)Payroll deductions authorized under the Program shall be held by the
Corporation as part of its general funds. All funds held by the Corporation
under the Program may be used for any corporate purpose. Records will be
maintained of the payroll deductions of each participating employee.
Participating employees shall not be credited with, or entitled to receive,
interest in respect of payroll deductions.

(d)A participating employee may at any time request to stop, increase or
decrease his or her payroll deductions by completing a Corporation-specified
process. These requests shall become effective as soon as practicable after
completion of the process. A participating employee shall have no right to
withdraw payroll deductions.

(e)If a participating employee ceases to participate in the Program for any
reason (including, without limitation, leave of absence, Program ineligibility
or termination of employment), then that participating employee’s uninvested
payroll deductions shall be refunded as soon as practicable.

5.Offerings.

(a)Certain Definitions; Offering; Corporate Contribution

(1)The Corporation shall make on the last business day of each calendar month,
or on such other date or dates as the Committee may determine, an offer to
participating employees to purchase shares of Common Stock under the Program.
Each date on which an offer is made is referred to as an “Offer Date.”

(2)The period beginning on the day following an Offer Date and continuing
through (and including) the next Offer Date shall be an “Offer Period.”

(3)The payroll deductions for a participating employee made under the Program
during an Offer Period shall be the “Employee Contribution” for that Offer
Period.

(4)On each Offer Date, for each employee for which there is an Employee
Contribution for the Offer Period ending on that Offer Date, the Corporation
shall make a “Corporate Contribution” equal to 0.1765 multiplied by the Employee
Contribution.

(5)For each participating employee as of any date, the sum of all Employee
Contributions plus all Corporate Contributions that have not yet been invested
in shares of Common Stock purchased under the Program shall be the participating
employee’s “Program Credits” as of that date.

(6)“Market Price” means, unless the Committee determines otherwise, the closing
price of a share of Common Stock on the New York Stock Exchange Composite list
(or such other stock exchange as shall be the principal public trading market
for the Common Stock) on the relevant date of determination or, if the Common
Stock is not traded on such date, the closing price on the New York Stock
Exchange Composite list (or such other stock exchange as shall be the principal
public trading market for the Common Stock) on the next preceding day on which
the Common Stock was traded.
(b) On any Offer Date, if a participating employee’s Program Credits are
sufficient to purchase at least one whole share of Common Stock (based on the
Market Price on the Offer Date), then that participating employee will be
entitled to purchase Common Stock under the Program on that Offer Date and will
be granted an option (an “Option”) to purchase as many shares of Common Stock as
may be purchased with the participating employee’s Program Credits. The exercise
price for each Option will be the Market Price on the Offer Date. The
participating employee shall be deemed to have exercised the Option as of the
Offer Date and shall acquire the Common Stock subject to the Option.
    
(c)If on an Offer Date a participating employee’s Program Credits are not
sufficient to purchase at least one whole share of Common Stock (based on the
Market Price on the Offer Date), then that participating employee will not be
entitled to purchase Common Stock under the Program on that Offer Date, and the
participating employee’s Program Credits will be applied to the purchase of
Common Stock in accordance with Section 5(b) on the next Offer Date.

6.Common Stock Acquired Under Program. Common Stock purchased by a participating
employee under the Program shall be held by a third party agent in an account
established for the participating employee.

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7.Certain Rights.

(a)A participating employee shall not have any of the rights or privileges of a
stockholder of the Corporation with respect to shares purchased under the
Program unless and until ownership of such shares shall have been appropriately
evidenced on the Corporation’s books.

(b)Rights under the Program are not transferable by a participating employee
other than by will or the laws of descent and distribution, and are exercisable
during the participating employee’s lifetime only by the participating employee.

(c)Nothing in the Program shall confer upon any employee the right to continue
in the employ of the Corporation or any Participating Entity or affect any right
which the Corporation or any Participating Entity may have to terminate such
employment.

8.Amendment; Termination.

(a)The Committee may at any time, or from time to time, amend or suspend the
Program in any respect, including retroactively to the extent necessary;
provided, however that no such action shall be made without shareholder approval
if such approval is required under tax or stock exchange rules and regulations.
Upon any such suspension or amendment of the Program, the Committee may in its
discretion determine that all payroll deductions pending investment under the
Program will be applied under a successor program, if any, or promptly refunded.

(b)The Program and all rights of employees under any offering hereunder shall
terminate at the discretion of the Committee or on the day that participating
employees become entitled to purchase a number of shares of Common Stock greater
than the number of shares of Common Stock remaining available for purposes of
the Program; provided, however, if the number of shares of Common Stock so
purchasable is greater than the shares of Common Stock remaining available, the
available shares of Common Stock shall be allocated by the Committee among such
participating employees in such manner as it deems fair.

(c)No offering hereunder shall be made which shall extend beyond the date of the
Corporation’s 2016 Annual Meeting of Stockholders or May 31, 2016, whichever is
earlier. Upon termination of the Program all payroll deductions pending
investment under the Program shall be applied under a successor program, if any,
or promptly refunded.

9.Governmental Regulations. The Corporation’s obligation to sell and deliver
shares of Common Stock under the Program is subject to the approval of any
governmental authority required for the authorization, issuance, or sale of such
stock.

10.Expenses. The Committee shall determine in its discretion the extent to which
costs of administering and carrying out the Program, including the cost of
maintaining participant accounts and costs (including brokerage fees) incurred
in connection with transfers or sales of shares under the Program, will be borne
by participating employees (including those whose employment has terminated).

11.Miscellaneous.

(a)As a condition to participation by an employee in the Program, the
Corporation may withhold from any compensation to which the participating
employee may be entitled all amounts necessary to satisfy all federal, state,
city or other taxes required to be withheld in connection with the individual’s
participation in the Program pursuant to any law or governmental regulation or
ruling.

(b)The Program is not intended to qualify as an “employee stock purchase plan”
within the meaning of Section 423(b) of the Internal Revenue Code, but is
intended to meet the coverage and participation requirements of Sections
423(b)(3) and 423(b)(5) of the Internal Revenue Code and therefore to qualify as
a “Stock Purchase Plan” within the meaning of Rule 16b-3 promulgated under the
Securities Exchange Act of 1934.

12.Governing Law. The Program shall be interpreted, construed and administered
in accordance with the laws of the State of New Jersey, without giving effect to
principles of conflict of laws.

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Annex I: Certain Supplemental Provisions

This Annex I to the Quest Diagnostics Incorporated Amended and Restated Employee
Stock Purchase Plan sets forth supplemental terms and conditions applicable to
(i) employees whose employment with the Corporation or another Participating
Entity terminated (for any reason) on or prior to May 25, 2015 and (ii)
employees and former employees whose accounts under the Program held securities
of entities other than the Corporation.

1.    Rights on Retirement, Death, or Termination of Employment.

Following retirement or other termination of employment, a participant (or if
the participant has died, the representative of the participant’s estate) may
elect to have the shares of Common Stock held in the participant’s account under
the Program: (i) transferred to a brokerage account designated by the
participant; or (ii) sold and the proceeds remitted to the participant. If the
Corporation does not receive a written election relating to the shares in a
participant’s account from the participant within 60 days following the date the
Corporation notifies the participant of the opportunity to make such election,
the participant shall be deemed to have made the election provided for in clause
(ii) of the preceding sentence; provided, however, that the Committee may in its
discretion establish a different default procedure for participants who fail to
make a timely election. This Part 1 of Annex 1 became effective as of May 25,
2015, including with respect to participants who have retired or whose
employment has otherwise terminated prior to such date.
2.    Common Stock of Entities Other than the Corporation.

With respect to the shares of common stock or other securities of entities other
than the Corporation held in accounts under the Program, a participant may elect
to have the shares or other securities in the account: (i) delivered to the
transfer agent for the issuer of such shares or other securities for the
participant’s benefit; (ii) transferred to a brokerage account designated by the
participant; or (iii) sold and the proceeds remitted to the participant. If the
Corporation does not receive a written election relating to such shares or other
securities in a participant’s account from the participant within 60 days
following the date the Corporation notifies the participant of the opportunity
to make such election, the participant shall be deemed to have made the election
provided for in clause (iii) of the preceding sentence; provided, however, that
the Committee may in its discretion establish a different default procedure for
participants who fail to make a timely election. This Part 2 of Annex A became
effective as of May 25, 2015.