Exhibit 10.1

 

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March 15, 2019

llan Daskal

1731 Juarez Avenue

Los Altos, CA 94024

Dear llan,

I am pleased to extend to you our written offer of employment to join Bio-Rad
Laboratories as the EVP & Chief Financial Officer reporting directly to Norman
Schwartz, President & CEO. In your new position, your bi-weekly salary will be
$19,230.77, equivalent to $500,000 annually.

You are eligible to participate in our Corporate Incentive Bonus Plan (IBP) with
a targeted bonus of 65% of your eligible earnings, payable in March 2020. Your
bonus will be pro-rated based on your time in the position. The terms and
conditions of the IBP are contained in the plan document which you will receive
at a later date.

You will also be eligible to participate in the 2019 Stock Program. We will
grant 3,500 Restricted Stock Units and 3,500 Stock Options within 30 days of
your hire date; this grant has an estimated target value of $1.2 to
$1.5 million, based on our share performance history.

If after you begin employment with Bio-Rad your employment is terminated by
Bio-Rad without good cause, you will be entitled to a lump sum severance payment
equal to one-year of your then current annual base salary provided that you
first enter into a full release of all claims in favor of Bio-Rad, its
affiliates and their respective officers, directors and employees in a form
provided by Bio-Rad.

This offer is contingent upon your passing a background check and drug test
prior to starting employment and entering into a mutual agreement to arbitrate
with the company. The type of information requested in the background check
includes: education verification, previous employment verification, professional
references, and criminal record check.

Bio-Rad maintains a smoke-free and drug-free work environment. As such, our
expectation is that you complete a drug test within five days of this offer.
Hire Right, our background screening provider, will contact you regarding a
clinic location for the drug test.

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Bio-Rad’s comprehensive benefits package provides you with a variety of options
that will help meet your needs. You will have up to 31 days from your start date
to enroll in these benefits. If you wish to enroll your eligible dependents, you
may be required to present evidence of your dependents’ eligibility, such as a
marriage certificate or birth certificate.

Please acknowledge your acceptance of this offer by March 18, 2019. This offer
is null and void after this date. Once received, a ‘Welcome to Bio-Rad’ letter
will be e-mailed with details regarding your on-boarding processes and a
“tentative” new hire orientation date. Please note that an official start date
can’t be determined until your background has cleared.

For over 60 years, Bio-Rad has benefited from the contributions of exceptional
people like you. We seek the best talent to build on the success of our Company
and we look forward to you joining our highly collaborative environment.

Sincerely,

 

/s/ Colleen Corey

Colleen Corey SVP, Global Human Resources Bio-Rad Laboratories

I accept Bio-Rad Laboratories’ offer of employment as herein described.

 

/s/ Ilan Daskal

   

    3/15/2019

  Signature                   Date