Exhibit 10.1


 


June 5, 2008


 


Mr. Robert Bujarski


6829 Jade Lane


Carlsbad, CA  92009


 


Dear Rob:


 


We are pleased to extend
the following offer of employment to you:


 


	
  Title:

  	
  SVP, General
  Counsel & Corporate Secretary

  
	
   

  	
   

  
	
  Reporting to:

  	
  Caren Mason,
  President & CEO

  
	
   

  	
   

  
	
  Compensation:

  	
  $288,000 annually

  
	
   

  	
   

  
	
  Annual Bonus:

  	
  You will participate in the bonus plan with a target
  bonus of 40% at achievement of plan.

  
	
   

  	
   

  
	
  Equity:

  	
  You will receive
  equity in the form of:

  
	
   

  	
   

  
	
   

  	
  ·                  10,000
  shares of restricted stock, vesting subject to the performance criteria
  established in the 2006 executive equity plan;

  
	
   

  	
  ·                  30,000
  shares of restricted stock, vesting subject to the performance criteria
  established in the 2007 executive equity plan;

  
	
   

  	
  ·                  45,000
  shares of time-based restricted stock, with 3-year cliff vest; and

  
	
   

  	
  ·                  50,000
  options to purchase shares of common stock. The vesting schedule for these
  options will be 50% on the second year anniversary of the Option Grant Date
  and the remaining 50% will vest quarterly over the next two years thereafter.
  The purchase price will be the closing NASDAQ market price of QUIDEL’s stock
  on your actual start date.

  
	
   

  	
   

  
	
  Vacation
  Benefit:

  	
  You will receive four
  weeks of vacation per year, accrued from your hire date.

  



 

















 


	
  Severance:

  	
  You will be entitled to a payment equivalent to half
  your annual salary (six months) in the event that your employment is severed
  without cause and for reasons not subject to change in control provisions.
  Such severance payment shall be paid in a lump sum within ten (10) days after
  the employment termination date.

  
	
   

  	
   

  
	
  Change
  in Control 

  	
   

  
	
  Provisions:

  	
  You will be
  provided with change of control protection as outlined for other
  officers.  Details of this protection
  are contained in the attached Agreement re: Change in Control.

  
	
   

  	
   

  
	
  Start
  Date:

  	
  June 9, 2008

  



 


In
addition to the above, as a QUIDEL employee, you will be eligible to
participate in our benefits programs, which will take effect on your first day
of employment.  A summary of these
benefits is enclosed.  Details of these
benefit plans will be provided to you upon your employment.


 


As
a condition of employment with QUIDEL Corporation, you will be required to: (1) read,
sign and return one copy of the enclosed Invention and Confidential Information
Agreement;  (2) within the first
three days of employment, you must provide documents from the enclosed List of
Acceptable Documents (I-9) which prove your identity and right to work in the
United States; and (3) read, sign and return one copy of page 5 of
the enclosed Employee Code of Conduct.


 


This offer of employment
is contingent upon successfully passing a pre-employment drug screen, background and reference check.  Your background and reference checks have
been completed and your pre-employment drug screen should be scheduled and
completed within the next few days.


 


QUIDEL Corporation is an
at-will employer.  This means that you
have the right to terminate your employment with QUIDEL at any time, for any
reason, with or without notice.  Similarly,
QUIDEL has the right to terminate the employment relationship at any time, for
any reason, with or without notice.  Any
contrary representations, which may have been made to you, are superseded by
this offer.  Any modifications to this “at-will”
term of your employment must be in writing and signed by you and QUIDEL’s
President.


 


This offer expires seven
business days from the date of this letter. 
Please indicate your acceptance of our offer by signing on the following
page and returning a copy of this letter to Human Resources as soon as
possible.


 


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Rob, on behalf of Caren
Mason, the Board of Directors, and the entire QUIDEL team, we are looking
forward to having you re-join us as we work together to provide quality
products to the medical community and to create value for the employees and
shareholders of QUIDEL Corporation.


 


	
  Sincerely,

  	
   

  
	
   

  	
   

  
	
  /s/ Phyllis Huckabee

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Phyllis Huckabee

  	
   

  
	
  Vice President, Human
  Resources

  	
   

  



 


 


cc:                                 Caren
Mason


Human Resources


 


Enclosures


 


I have read, understand
and accept these terms and conditions of employment.  I further understand that while my salary,
benefits, job title and job duties may change from time to time without a
written modification of this agreement, the at-will term of my employment is a
term of employment which cannot be altered or modified except in writing,
signed by me and QUIDEL’s President.


 


	
   

  	
   

  	
   

  
	
  /s/ Robert Bujarski

  	
   

  	
   

  	
   

  	
  June 5, 2008

  
	
  Signature

  	
   

  	
  Date

  
					



 


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