Exhibit 10.2

CELERA CORPORATION 2008 STOCK INCENTIVE PLAN

FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

THIS NON-QUALIFIED STOCK OPTION 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] (the “Grant Date”).
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 the Option (as defined below) granted hereunder
and this Agreement will be void and no longer effective.

1. Grant of Option. As of the Grant Date, the Company hereby grants to you an
option (the “Option”) to purchase [NUMBER OF SHARES] shares of its Celera
Corporation Common Stock, par value $.01 per share (the “Celera Stock”), under
the terms of the Celera Corporation 2008 Stock Incentive Plan, as amended (the
“Plan”).

2. Purchase Price of Option. The purchase price of the shares of Celera Stock
subject to the Option is $[XX] per share.

3. Expiration Date of Option. The Option will expire as of 12:00 a.m. midnight
(New York time) on the date immediately preceding the tenth (10th) anniversary
of the Grant Date (the “Expiration Date”), unless it is terminated earlier as
provided in this Agreement.

4. Exercise. Subject to your continued employment with the Company or one of its
subsidiaries, [XX% of the shares subject to the Option will vest and become
exercisable on each of XX]. Except as provided below, the Option may not be
exercised unless you are on the date of exercise, and have been at all times
from the date of grant to the date of exercise, an employee of the Company or
one of its subsidiaries.

5. Termination of Employment. If your employment with the Company or a
subsidiary is terminated by you or the Company or a subsidiary for any reason
other than Cause (as defined below), retirement under any retirement plan
provided by the Company or a subsidiary, disability, or death, you may exercise
the Option, to the extent that you would otherwise be entitled to do so at the
date of termination of employment, at any time within 90 days after the date of
termination, but not after the Expiration Date.

6. Termination of Service for Cause. If your employment with the Company or a
subsidiary is terminated by the Company or a subsidiary for Cause, the Option
will be immediately forfeited in full upon termination (regardless of the extent
to which the Option may have been exercisable as of that time). For purposes of
this paragraph 6 only, “Cause” is defined as (a) any act which is in bad faith
and to the detriment of the Company or one of its subsidiaries or (b) a material
breach of any agreement with or material obligation to the Company or one of its
subsidiaries.

7. Retirement. If you retire under the terms of any retirement plan provided by
the Company or one of its subsidiaries, you may exercise the Option, to the
extent that you would otherwise be entitled to do so at the date of retirement,
at any time within one year after the date of retirement, but not after the
Expiration Date.

8. Disability. If you become totally and permanently disabled, you may exercise
the Option in full (without regard to the exercise schedule set forth in
paragraph 4) at any time within one year after the date of termination of
employment as a result of disability, but not after the Expiration Date.

9. Death. If you die while employed by the Company or one of its subsidiaries,
the Option may be exercised in full (without regard to the exercise schedule set
forth in paragraph 4) by your executor or administrator (or other person at the
time entitled by law to your rights under the Option) at any time within one
year after the date of your death, but not after the Expiration Date.

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10. Exercise of Option. The Option may be exercised by giving written or
electronic notice in the form specified by the Company to the Corporate
Secretary at the principal office of the Company specifying the number of shares
of Celera Stock to be purchased, or in such other manner as the Company may
specify to you from time to time. However, the Option may not be exercised with
respect to a fractional share. The purchase price of the shares as to which the
Option is exercised must be paid in full at the time of exercise, at your
election, (a) in U.S. currency, (b) by tendering to the Company shares of Celera
Stock owned by you (if necessary for such period of time required by the Company
to avoid a charge to earnings for financial accounting purposes) having a Fair
Market Value (as defined in the Plan) equal to the aggregate purchase price of
the shares as to which the Option is being exercised, (c) a combination of U.S.
currency and/or previously owned shares of Celera Stock valued at Fair Market
Value, (d) if permitted by the Compensation Committee of the Board of Directors
(the “Committee”) pursuant to a “same day sale” program, (e) if permitted by the
Committee, by means of a net exercise, or (f) by payment of such other
consideration as the Committee from time to time determines. For purposes of
this paragraph, Fair Market Value will be determined as of the business day
immediately preceding the day on which the Option is exercised.

11. Conditions to Exercise. The exercise of the Option following termination of
employment, to the extent and for the time periods provided above, is subject to
the satisfaction of the conditions that you have not (a) rendered services or
engaged directly or indirectly in any business which in the opinion of the
Committee competes with or is in conflict with the interests of the Company, or
(b) violated any written agreement with the Company, including, without
limitation, any confidentiality agreement. Your violation of either clause
(a) or (b) of the preceding sentence will result in the immediate forfeiture of
any Options held by you.

12. Tax Withholding Obligations. As a condition to the delivery of shares of
Celera Stock upon the exercise of the Option, you agree to pay to the Company an
amount sufficient to satisfy any applicable tax, social insurance, or social
security withholding obligations arising in connection with the Option or your
participation in the Plan. Such obligations may, subject to any limitations
imposed by law be satisfied 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; (c) withholding a
number of Celera Shares with a fair market value equal to any applicable tax,
social insurance and social security withholding obligations; or (d) any
combination of the foregoing.

13. Rights as a Stockholder. You will not have any rights as a stockholder with
respect to the shares of Celera Stock subject to the Option prior to the
issuance to you of a certificate for such shares.

14. Non-Transferability. The Option may not be transferred other than by will or
by the laws of descent and distribution, and the Option may be exercised, during
your lifetime, only by you or your guardian or legal representative.

15. Change of Control. Subject to the terms of the Plan, the Option will become
immediately exercisable in full (without regard to the exercise schedule set
forth in paragraph 4) upon the occurrence of any of the events set forth in
Section 11 of the Plan.

16. No Right to Continued Employment. Neither the Option nor this Agreement
confers 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. Except as
provided in this Agreement, the Option will terminate upon the termination of
your employment for any reason. The Option will not be reinstated if you are
subsequently reinstated as an employee of the Company or any subsidiary.

17. 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 Option nor this
Agreement confers upon you any benefit other than as specifically set forth in
this

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

18. Compliance with Law. No shares of Celera Stock will be issued upon the
exercise of the Option unless counsel for the Company is satisfied that such
issuance will be in compliance with all applicable laws.

19. Entire Agreement. This Agreement and the Plan contain the entire agreement
between you and the Company regarding the Option and supersede all prior or
contemporaneous arrangements or understandings with respect to the Option.

20. Terms of Plan Govern. This Agreement and the terms of the Option 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.

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

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

23. Data Privacy. By 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 some
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 among 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 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 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 by contacting the Company in writing. 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

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