Document:

EXHIBIT 10.80

 

CALIPER LIFE SCIENCES, INC.

2009 EQUITY INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

Pursuant
to the Restricted Stock Unit Grant Notice (“Grant Notice”) and this Restricted Stock
Unit Award Agreement (“Agreement”)
(collectively, the “Award”),
Caliper Life Sciences, Inc. (the “Company”) has awarded you a right to receive
a delayed issuance stock bonus (a “Restricted Stock Unit”) pursuant to Paragraph
8 of the Company’s 2009 Equity Incentive Plan (the “Plan”) for the number
of Restricted Stock Units as indicated in the Grant Notice.  Defined terms not explicitly defined in this
Agreement but defined in the Plan shall have the same definitions as in the
Plan.  Subject to adjustment and the
terms and conditions as provided herein and in the Plan, each Restricted Stock
Unit shall represent the right to receive a stock bonus of one (1) share
of Common Stock.

 

The
details of your Award, in addition to those set forth in the Grant Notice, are
as follows:

 

1.           NUMBER
OF RESTRICTED STOCK UNITS AND SHARES OF COMMON STOCK.  The number of Restricted
Stock Units in your Award is set forth in the Grant Notice.

 

(a)           The number of
Restricted Stock Units subject to your Award and/or the number of shares of
Common Stock deliverable with respect to such Restricted Stock Units may be
adjusted from time to time for capitalization adjustments as described in Paragraph
24 of the Plan.  You will receive
no benefit or adjustment to your Award with respect to any cash dividend or
other distribution that does not result in a capitalization adjustment pursuant
to Section 24(d) of the Plan; provided, however, that this sentence
shall not apply with respect to any shares of Company Common Stock that are
delivered to you in connection with your Award after such shares have been
delivered to you.

 

(b)           Any additional Restricted Stock Units, shares of
Common Stock, cash or other property that becomes subject to the Award pursuant
to this Section 1 shall be subject, in a manner determined by the Board,
to the same forfeiture restrictions, restrictions on transferability and time
and manner of delivery as apply to the other Restricted Stock Units and Common
Stock covered by your Award.

 

(c)           Notwithstanding the provisions of this Section 1,
no fractional Restricted Stock Units or rights for fractional shares of Common
Stock shall be created pursuant to this Section 1.  The Board shall, in its discretion, determine
an equivalent benefit for any fractional Restricted Stock Units or fractional
shares that might be created by the adjustments referred to in this Section 1.

 

2.           VESTING.   The Restricted Stock Units shall
vest, if at all, as provided in the Grant Notice and the Plan.

 

 

3.           DELIVERY
OF SHARES OF COMMON STOCK.  Subject to the provisions of this Agreement
and the Plan, in the event one or more Restricted Stock Units vests, the
Company shall deliver to you one (1) share of Common Stock for
each Restricted Stock Unit that vests. 
The delivery to you of the appropriate number of shares of Common Stock
shall be made within sixty (60) days after the applicable vesting date.  The form of such delivery (e.g., a stock certificate or electronic entry
evidencing such shares) shall be determined by the Company.

 

4.           PAYMENT
BY YOU.  This Award was
granted in consideration of your past services to the Company.  Subject to Section 10 below, except as
otherwise provided in the Grant Notice, you will not be required to make any
payment to the Company (other than your past and future services with the
Company) with respect to your receipt of the Award, vesting of the Restricted
Stock Units or the delivery of the shares of Common Stock underlying the
Restricted Stock Units.

 

5.           SECURITIES LAW
COMPLIANCE.  You may not be
issued any Common
Stock under your Award unless the shares of
Common Stock are either (i) then
registered under the Securities Act of 1933, as amended (the “Securities Act”) or (ii) the
Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act.  Your
Award must also comply with other applicable laws and regulations governing the
Award, and you shall not receive such Common Stock if the Company determines that such receipt
would not be in material compliance with such laws and regulations.

 

6.           RESTRICTIVE LEGENDS. 
The Common Stock issued under your Award shall be endorsed with
appropriate legends, if any, determined by the Company.

 

7.           TRANSFER RESTRICTIONS.  Prior to the time that shares of Common Stock
have been delivered to you, you may not transfer, pledge, sell or otherwise
dispose of the shares in respect of your Award. 
For example, you may not use shares that may be issued in respect of
your Restricted Stock Units as security for a loan, nor may you transfer,
pledge, sell or otherwise dispose of such shares.  This restriction on transfer will lapse upon
delivery to you of shares in respect of your vested Restricted Stock Units.  Your Award is not transferable, except by
will or by the laws of descent and distribution.  Notwithstanding the foregoing, by delivering
written notice to the Company, in a form satisfactory to the Company, you may
designate a third party who, in the event of your death, shall thereafter be
entitled to receive any distribution of Common Stock pursuant to this
Agreement.

 

8.           AWARD
NOT A SERVICE CONTRACT.  Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create any obligation on
your part to continue in the service of the Company or an Affiliate thereof, or
on the part of the Company or an Affiliate thereof to continue such
service.  In addition, nothing in your
Award shall obligate the Company or an Affiliate thereof, their respective
stockholders, boards of directors or employees to continue any relationship that
you might have as an Employee or Consultant of the Company or an Affiliate
thereof.

 

9.           UNSECURED
OBLIGATION.  Your Award is
unfunded, and even as to any Restricted Stock Units which vest, you shall be
considered an unsecured creditor of the Company with respect to the Company’s
obligation, if any, to issue Common Stock pursuant to 

 

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this
Agreement.  You shall not have voting or any other rights
as a stockholder of the Company with respect to the Common Stock acquired
pursuant to this Agreement until such Common Stock is issued to you pursuant to
Section 2 of this Agreement.   Upon
such issuance, you will obtain full voting and other rights as a stockholder of
the Company with respect to the Common Stock so issued.  Nothing contained in this Agreement, and no
action taken pursuant to its provisions, shall create or be construed to create
a trust of any kind or a fiduciary relationship between you and the Company or
any other person.

 

10.         WITHHOLDING
OBLIGATIONS.

 

(a)           On or before the
time you receive a distribution of Common Stock
pursuant to your Award, or at any time thereafter as requested by the Company,
you hereby authorize any required withholding from, at the Company’s election,
the Common Stock issuable to you, payroll and any other amounts payable to you
and otherwise agree to make adequate provision for any sums required to satisfy
the federal, state, local and foreign tax withholding obligations of the
Company or any Affiliate thereof which arise in connection with your Award. Any
fully vested shares that are withheld shall be based upon a whole number of
shares of Common Stock having a Fair Market Value, determined by the Company as
of the date of exercise, not in excess of the minimum amount of tax
required to be withheld by law.

 

(b)           Unless the tax
withholding obligations of the Company and/or any Affiliate thereof are
satisfied, the Company shall have no obligation to deliver to you any Common
Stock.

 

(c)           In the event the
Company’s obligation to withhold arises prior to the delivery to you of Common
Stock or it is determined after the delivery of Common Stock to you that the
amount of the Company’s withholding obligation was greater than the amount
withheld by the Company, you agree to indemnify and hold the Company harmless
from any failure by the Company to withhold the proper amount.

 

11.         NOTICES.  Any notices provided for in your Award or the
Plan shall be given in writing and shall be deemed effectively given upon
receipt or, in the case of notices delivered by the Company to you, five (5) days
after deposit in the United States mail, postage prepaid, addressed to you at  the
last address you provided to the Company.

 

12.         HEADINGS. 
The headings of the Sections in this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this Agreement
or to affect the meaning of this Agreement.

 

13.         AMENDMENT.  This Agreement may be amended only by a writing
executed by the Company and you which specifically states that it is amending
this Agreement. Notwithstanding the foregoing, this Agreement may be amended
solely by the Company by a writing which specifically states that it is
amending this Agreement, so long as a copy of such amendment is delivered to
you, and provided that no such amendment adversely affecting your rights
hereunder may be made without your written consent. Without limiting the
foregoing, the Company reserves the right to change, by written notice to you,
the provisions of this Agreement in any way it may deem necessary or advisable
to carry out the purpose of the grant as a result of 

 

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any change in applicable
laws or regulations or any future law, regulation, ruling, or judicial
decision, provided that any such change shall be applicable only to rights
relating to that portion of the Award which is then subject to restrictions as
provided herein.

 

14.         MISCELLANEOUS.

 

(a)           The rights and obligations of the Company with respect
to your Award shall be transferable by the Company to any one or more persons
or entities, and all covenants and agreements hereunder shall inure to the
benefit of, and be enforceable by the Company’s successors and assigns.

 

(b)           You agree upon request to execute any further
documents or instruments necessary or desirable in the sole determination of
the Company to carry out the purposes or intent of your Award.

 

(c)           You acknowledge and agree that you have reviewed your
Award in its entirety, have had an opportunity to obtain the advice of counsel
prior to executing and accepting your Award and fully understand all provisions
of your Award.

 

(d)           This Agreement shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

 

(e)           All obligations of the Company under the Plan and this
Agreement shall be binding on any successor to the Company, whether the
existence of such successor is the result of a direct or indirect purchase,
merger, consolidation, or otherwise, of all or substantially all of the
business and/or assets of the Company.

 

15.         GOVERNING PLAN
DOCUMENT.  Your Award is
subject to all the provisions of the Plan, the provisions of which are hereby
made a part of your Award, and is further subject to all interpretations,
amendments, rules and regulations which may from time to time be
promulgated and adopted pursuant to the Plan. 
In the event of any conflict between the provisions of your Award and
those of the Plan, the provisions of the Plan shall control; provided, however, that Section 3 of
this Agreement shall govern the timing of any distribution of Common Stock
under your Award.  The Board shall have the power to
interpret the Plan and this Agreement and to adopt such rules for the
administration, interpretation, and application of the Plan as are consistent
therewith and to interpret or revoke any such rules. All actions taken and all
interpretations and determinations made by the Board shall be final and binding
upon you, the Company, and all other interested persons. No member of the Board
shall be personally liable for any action, determination, or interpretation
made in good faith with respect to the Plan or this Agreement.

 

16.         EFFECT ON OTHER EMPLOYEE BENEFIT
PLANS.  The value of the Award subject to this Agreement shall
not be included as compensation, earnings, salaries, or other similar terms
used when calculating benefits under any employee benefit plan (other than the
Plan) sponsored by the Company or any Subsidiary except as such plan otherwise expressly
provides. The Company expressly reserves its rights to amend, modify, or
terminate any or all of the employee benefit plans of the Company or any
Subsidiary.

 

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17.         CHOICE OF LAW. 
The interpretation, performance and enforcement of this Agreement shall
be governed by the law of the state of California  without regard to such state’s conflicts of laws rules.

 

18.         SEVERABILITY. 
If all or any part of this Agreement or the Plan is declared by any
court or governmental authority to be unlawful or invalid, such unlawfulness or
invalidity shall not invalidate any portion of this Agreement or the Plan not
declared to be unlawful or invalid. Any Section of this Agreement (or part
of such a Section) so declared to be unlawful or invalid shall, if possible, be
construed in a manner which will give effect to the terms of such Section or
part of a Section to the fullest extent possible while remaining lawful
and valid.

 

*  * 
*  *  *

 

This Restricted Stock Unit
Award Agreement shall be deemed to be signed by the Company and the Participant
upon the electronic acceptance by the Participant of the Restricted Stock Unit Grant
Notice to which it is attached.

 

5Exhibit 10.81

 

CALIPER LIFE SCIENCES, INC.

2009 EQUITY INCENTIVE PLAN

 

STOCK
OPTION AGREEMENT - INCORPORATED TERMS AND CONDITIONS

 

AGREEMENT made as of the
date of grant set forth in the Stock Option Grant Notice between Caliper Life
Sciences, Inc. (the “Company”), a Delaware  corporation,
and the individual whose name appears on the Stock Option Grant Notice (the “Participant”).

 

WHEREAS, the Company
desires to grant to the Participant an Option to purchase shares of its common
stock, $0.001 par value per share (the “Shares”), under and for the purposes
set forth in the Company’s 2009 Equity Incentive  Plan
(the “Plan”);

 

WHEREAS, the Company and
the Participant understand and agree that any terms used and not defined herein
have the same meanings as in the Plan; and

 

WHEREAS, the Company and
the Participant each intend that the Option granted herein shall be of the type
set forth in the Stock Option Grant Notice.

 

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth and for other good
and valuable consideration, the parties hereto agree as follows:

 

1.                                       GRANT OF OPTION.

 

The Company hereby grants to the Participant the right
and option to purchase all or any part of an aggregate of the number of Shares
set forth in the Stock Option Grant Notice, on the terms and conditions and
subject to all the limitations set forth herein, under United States securities
and tax laws, and in the Plan, which is incorporated herein by reference.  The Participant acknowledges receipt of a
copy of the Plan.

 

2.                                       EXERCISE PRICE.

 

The exercise price of the
Shares covered by the Option shall be the amount per Share set forth in the
Stock Option Grant Notice, subject to adjustment, as provided in the Plan, in
the event of a stock split, reverse stock split or other events affecting the
holders of Shares after the date hereof (the “Exercise Price”).  Payment shall be made in accordance with
Paragraph 9  of the Plan.

 

 

3.                                       EXERCISABILITY OF OPTION.

 

Subject to the terms and
conditions set forth in this Agreement and the Plan, the Option granted hereby
shall become exercisable as set forth in the Stock Option Grant Notice and are
subject to the other terms and conditions of this Agreement and the Plan.

 

4.                                       TERM OF OPTION.

 

This Option shall
terminate ten years from the date of this Agreement or, if this Option is
designated in the Stock Option Grant Notice as an ISO and the Participant owns
as of the date hereof more than 10% of the total combined voting power of all
classes of capital stock of the Company or an Affiliate, five years from the
date of this Agreement, but shall be subject to earlier termination as provided
herein or in the Plan.

 

If the Participant ceases
to be an employee, director or Consultant of the Company or of an Affiliate for
any reason other than the death or Disability of the Participant, or
termination of the Participant for Cause, the Option
may be exercised, if it has not previously terminated, within three months
after the date the Participant ceases to provide service to the Company or an Affiliate,
or within the originally prescribed term of the Option, whichever is earlier,
but may not be exercised thereafter except as set forth below.  In such event, the Option shall be
exercisable only to the extent that the Option has become exercisable and is in
effect at the date of such cessation of service.

 

If
this Option is
designated in the Stock Option Grant Notice as an ISO and the
Participant ceases to be an employee of the Company or of an Affiliate but
continues after termination of employment to provide service to the Company or
an Affiliate as a director or Consultant, this Option shall continue to vest in
accordance with Section 3 above as if this Option had not terminated until
the Participant is no longer providing services to the Company.  In such case, this Option shall automatically
convert and be deemed a Non-Qualified Option as of the date that is three
months from termination of the Participant’s employment and this Option shall
continue on the same terms and conditions set forth herein until such
Participant is no longer providing service to the Company or an Affiliate.

 

Notwithstanding the
foregoing, in the event of the Participant’s Disability or death within three
months after the termination of service, the Option may be exercised (i) by
the Participant within one year of the Participant’s termination of service due
to Disability; and (ii) by Participant’s Survivors within eighteen (18)
months after the date of the Participant’s termination of service due to death,
but in neither case may the Option be exercised after the date of expiration of
the term of the Option.

 

In the event the
Participant’s service is terminated by the Company or an Affiliate for Cause,
the Participant’s right to exercise any unexercised portion of this Option
shall cease immediately as of the time the Participant is notified his or her
service

 

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is terminated for Cause,
and this Option shall thereupon terminate. 
Notwithstanding anything herein to the contrary, if subsequent to the
Participant’s termination, but prior to the exercise of the Option, the Board
of Directors of the Company determines that, either prior or subsequent to the
Participant’s termination, the Participant engaged in conduct which would
constitute Cause, then the Participant shall immediately cease to have any
right to exercise the Option and this Option shall thereupon terminate.

 

In the event of the
Disability of the Participant, as determined in accordance with the Plan, the
Option shall be exercisable within one year after the Participant’s termination
of service or, if earlier, within the term originally prescribed by the
Option.  In such event, the Option shall
be exercisable to the extent that the Option has become exercisable but has not
been exercised as of the date of Disability.

 

In the event of the death
of the Participant while an employee, director or Consultant of the Company or
of an Affiliate, the Option shall be exercisable by the Participant’s Survivors
within eighteen (18) months after the date of death of the Participant or, if
earlier, within the originally prescribed term of the Option.  In such event, the Option shall be
exercisable to the extent that the Option has become exercisable but has not
been exercised as of the date of death.

 

5.                                       METHOD OF EXERCISING OPTION.

 

Subject to the terms and
conditions of this Agreement, the Option may be exercised by written notice to
the Company or its designee, in substantially the form of Exhibit A
attached hereto.  Such notice shall state
the number of Shares with respect to which the Option is being exercised and
shall be signed by the person exercising the Option.  Payment of the Exercise Price for such Shares
shall be made in accordance with Paragraph 9 of the Plan.  The Company shall deliver such Shares as soon
as practicable after the notice shall be received, provided, however, that the
Company may delay issuance of such Shares until completion of any action or
obtaining of any consent, which the Company deems necessary under any
applicable law (including, without limitation, state securities or “blue sky”
laws).  The Shares as to which the Option
shall have been so exercised shall be registered in the Company’s share
register in the name of the person so exercising the Option (or, if the Option
shall be exercised by the Participant and if the Participant shall so request
in the notice exercising the Option, shall be registered in the Company’s share
register in the name of the Participant and another person jointly, with right
of survivorship) and shall be delivered as provided above to or upon the
written order of the person exercising the Option.  In the event the Option shall be exercised,
pursuant to Section 4 hereof, by any person other than the Participant,
such notice shall be accompanied by appropriate proof of the right of such
person to exercise the Option. All Shares that shall be purchased upon the
exercise of the Option as provided herein shall be fully paid and non-assessable.

 

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6.                                       PARTIAL EXERCISE.

 

Exercise of this Option
to the extent above stated may be made in part at any time and from time to
time within the above limits, except that no fractional share shall be issued
pursuant to this Option.

 

7.                                       NON-ASSIGNABILITY.

 

The Option shall not be
transferable by the Participant otherwise than by will or by the laws of
descent and distribution.  If this Option
is a Non-Qualified Option then it may also be transferred pursuant to a qualified
domestic relations order as defined by the Code or Title I of the Employee
Retirement Income Security Act or the rules thereunder. Except as provided
above in this paragraph, the Option shall be exercisable, during the
Participant’s lifetime, only by the Participant (or, in the event of legal
incapacity or incompetency, by the Participant’s guardian or representative)
and shall not be assigned, pledged or hypothecated in any way (whether by
operation of law or otherwise) and shall not be subject to execution,
attachment or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of the Option or of any rights granted
hereunder contrary to the provisions of this Section 7, or the levy of any
attachment or similar process upon the Option shall be null and void.

 

8.                                       NO RIGHTS AS STOCKHOLDER UNTIL EXERCISE.

 

The Participant shall
have no rights as a stockholder with respect to Shares subject to this
Agreement until registration of the Shares in the Company’s share register in
the name of the Participant.  Except as
is expressly provided in the Plan with respect to certain changes in the
capitalization of the Company, no adjustment shall be made for dividends or
similar rights for which the record date is prior to the date of such
registration.

 

9.                                       ADJUSTMENTS.

 

The Plan contains
provisions covering the treatment of Options in a number of contingencies such
as stock splits and mergers.  Provisions
in the Plan for adjustment with respect to stock subject to Options and the related
provisions with respect to successors to the business of the Company are hereby
made applicable hereunder and are incorporated herein by reference.

 

10.                                 TAXES.

 

The Participant
acknowledges that any income or other taxes due from him or her with respect to
this Option or the Shares issuable pursuant to this Option shall be the
Participant’s responsibility.  The
Participant acknowledges and agrees that (i) the Participant was free to
use professional advisors of his or her choice in connection with this
Agreement, has received advice from his or her professional advisors in
connection with this Agreement, understands its meaning and import, and is
entering into this

 

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Agreement freely and
without coercion or duress; (ii) the Participant has not received and is
not relying upon any advice, representations or assurances made by or on behalf
of the Company or any Affiliate or any employee of or counsel to the Company or
any Affiliate regarding any tax or other effects or implications of the Option,
the Shares or other matters contemplated by this Agreement and (iii) neither
the Company its Affiliates, nor any of its officers or directors, shall be held
liable for any applicable costs, taxes, or penalties associated with the Option
if, in fact, the Internal Revenue Service were to determine that the Option
constitutes deferred compensation under Section 409A of the Code.

 

If this Option is
designated in the Stock Option Grant Notice as an ISO and there is a
Disqualifying Disposition (as defined in Section 15  below)
or if the Option is converted into a Non-Qualified Option and such
Non-Qualified Option is exercised, the Participant agrees that the Company may
withhold from the Participant’s remuneration, if any, the minimum statutory
amount of federal, state and local withholding taxes attributable to such
amount that is considered compensation includable in such person’s gross
income.  At the Company’s discretion, the
amount required to be withheld may be withheld in cash from such remuneration,
or in kind from the Shares otherwise deliverable to the Participant on exercise
of the Option.  The Participant further
agrees that, if the Company does not withhold an amount from the Participant’s
remuneration sufficient to satisfy the Company’s income tax withholding
obligation, the Participant will reimburse the Company on demand, in cash, for
the amount under-withheld.

 

11.                                 PURCHASE FOR INVESTMENT.

 

Unless the offering and
sale of the Shares to be issued upon the particular exercise of the Option
shall have been effectively registered under the Securities Act of 1933, as now
in force or hereafter amended (the “1933 Act”), the Company shall be under no
obligation to issue the Shares covered by such exercise unless and until the
following conditions have been fulfilled:

 

(a)                                  The person(s) who exercise the
Option shall warrant to the Company, at the time of such exercise, that such
person(s) are acquiring such Shares for their own respective accounts, for
investment, and not with a view to, or for sale in connection with, the
distribution of any such Shares, in which event the person(s) acquiring
such Shares shall be bound by the provisions of the following legend which
shall be endorsed upon any certificate(s) evidencing the Shares issued
pursuant to such exercise:

 

“The shares represented
by this certificate have been taken for investment and they may not be sold or
otherwise transferred by any person, including a pledgee, unless (1) either
(a) a Registration Statement with respect to such shares shall be
effective under the Securities Act of 1933, as amended, or (b) the Company
shall have 

 

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received an opinion of
counsel satisfactory to it that an exemption from registration under such Act
is then available, and (2) there shall have been compliance with all
applicable state securities laws;” and

 

(b)                                 If the Company so requires, the Company
shall have received an opinion of its counsel that the Shares may be issued
upon such particular exercise in compliance with the 1933 Act without
registration thereunder.  Without
limiting the generality of the foregoing, the Company may delay issuance of the
Shares until completion of any action or obtaining of any consent, which the
Company deems necessary under any applicable law (including without limitation
state securities or “blue sky” laws).

 

12.                                 RESTRICTIONS ON TRANSFER OF SHARES.

 

12.1                           The Participant
agrees that in the event the Company proposes to offer for sale to the public
any of its equity securities and such Participant is requested by the Company
and any underwriter engaged by the Company in connection with such offering to
sign an agreement restricting the sale or other transfer of Shares, then it
will promptly sign such agreement and will not transfer, whether in privately
negotiated transactions or to the public in open market transactions or
otherwise, any Shares or other securities of the Company held by him or her
during such period as is determined by the Company and the underwriters, not to
exceed 180 days following the closing of the offering, plus such additional
period of time as may be required to comply with Marketplace Rule 2711 of
the National Association of Securities Dealers, Inc. or similar rules thereto
(such period, the “Lock-Up Period”). 
Such agreement shall be in writing and in form and substance reasonably
satisfactory to the Company and such underwriter and pursuant to customary and
prevailing terms and conditions. 
Notwithstanding whether the Participant has signed such an agreement,
the Company may impose stop-transfer instructions with respect to the Shares or
other securities of the Company subject to the foregoing restrictions until the
end of the Lock-Up Period.

 

12.2                           The Participant acknowledges and agrees
that neither the Company, its shareholders nor its directors and officers, has
any duty or obligation to disclose to the Participant any material information
regarding the business of the Company or affecting the value of the Shares
before, at the time of, or following a termination of the service of the
Participant by the Company, including, without limitation, any information
concerning plans for the Company to make a public offering of its securities or
to be acquired by or merged with or into another firm or entity.

 

13.                                 NO OBLIGATION TO MAINTAIN RELATIONSHIP.

 

The Company is not by the
Plan or this Option obligated to continue the Participant as an employee,
director or Consultant of the Company or an Affiliate.  The

 

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Participant
acknowledges:  (i) that the Plan is
discretionary in nature and may be suspended or terminated by the Company at
any time; (ii) that the grant of the Option is a one-time benefit which
does not create any contractual or other right to receive future grants of
options, or benefits in lieu of options; (iii) that all determinations
with respect to any such future grants, including, but not limited to, the
times when options shall be granted, the number of shares subject to each
option, the option price, and the time or times when each option shall be
exercisable, will be at the sole discretion of the Company; (iv) that the
Participant’s participation in the Plan is voluntary; (v) that the value
of the Option is an extraordinary item of compensation which is outside the
scope of the Participant’s employment or consulting contract, if any; and (vi) that
the Option 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.

 

14.                                 IF OPTION IS INTENDED TO BE AN ISO.

 

If this Option is
designated in the Stock Option Grant Notice as an ISO so that the Participant
(or the Participant’s Survivors) may qualify for the favorable tax treatment
provided to holders of Options that meet the standards of Section 422 of
the Code then any provision of this Agreement or the Plan which conflicts with
the Code so that this Option would not be deemed an ISO is null and void and
any ambiguities shall be resolved so that the Option qualifies as an ISO.  Nonetheless, if the Option is determined not
to be an ISO, the Participant understands that neither the Company nor any
Affiliate is responsible to compensate him or her or otherwise make up for the
treatment of the Option as a Non-Qualified Option and not as an ISO.  The Participant should consult with the
Participant’s own tax advisors regarding the tax effects of the Option and the
requirements necessary to obtain favorable tax treatment under Section 422
of the Code, including, but not limited to, holding period requirements.

 

Notwithstanding the
foregoing, to the extent that the Option is designated in the Stock Option
Grant Notice as an ISO and is not deemed to be an ISO pursuant to Section 422(d) of
the Code because the aggregate fair market value (determined as of the date
hereof) of any of the Shares with respect to which this ISO is granted becomes
exercisable for the first time during any calendar year in excess of $100,000,
the portion of the Option representing such excess value shall be treated as a
Non-Qualified Option and the Participant shall be deemed to have taxable income
measured by the difference between the then fair market value of the Shares
received upon exercise and the price paid for such Shares pursuant to this
Agreement.

 

15.                                 NOTICE TO COMPANY OF DISQUALIFYING
DISPOSITION OF AN ISO.

 

If this Option is
designated in the Stock Option Grant Notice as an ISO then the Participant
agrees to notify the Company in writing immediately after the Participant makes
a Disqualifying Disposition of any of the Shares acquired pursuant to the
exercise of the ISO.  A Disqualifying
Disposition is defined in Section 424(c) of the

 

7

 

Code and includes any
disposition (including any sale) of such Shares before the later of (a) two
years after the date the Participant was granted the ISO or (b) one year
after the date the Participant acquired Shares by exercising the ISO, except as
otherwise provided in Section 424(c) of the Code.  If the Participant has died before the Shares
are sold, these holding period requirements do not apply and no Disqualifying
Disposition can occur thereafter.

 

16.                                 NOTICES.

 

Any notices required or
permitted by the terms of this Agreement or the Plan shall be given by
recognized courier service, facsimile, registered or certified mail, return
receipt requested, addressed as follows:

 

If
to the Company:

 

Caliper
Life Sciences, Inc.

68 Elm Street

Hopkinton, MA 01748

Attention:
 Stock Plan Administrator

 

If to the Participant at
the address set forth on the Stock Option Grant Notice

 

or to such other address
or addresses of which notice in the same manner has previously been given.  Any such notice shall be deemed to have been
given upon the earlier of receipt, one business day following delivery to a
recognized courier service or three business days following mailing by
registered or certified mail.

 

17.                                 GOVERNING LAW.

 

This Agreement shall be
construed and enforced in accordance with the law of the State of Delaware, without giving effect to the conflict of law principles
thereof.  For the purpose of litigating
any dispute that arises under this Agreement, the parties hereby consent to
exclusive jurisdiction in Delaware  and agree that
such litigation shall be conducted in the state courts of Middlesex County,
Massachusetts or the federal courts of the United States for the District of
Massachusetts.

 

18.                                 BENEFIT OF AGREEMENT.

 

Subject to the provisions
of the Plan and the other provisions hereof, this Agreement shall be for the
benefit of and shall be binding upon the heirs, executors, administrators,
successors and assigns of the parties hereto.

 

19.                                 ENTIRE AGREEMENT.

 

This Agreement, together
with the Plan, embodies the entire agreement and understanding between the
parties hereto with respect to the subject matter hereof

 

8

 

and supersedes all prior
oral or written agreements and understandings relating to the subject matter
hereof.  No statement, representation,
warranty, covenant or agreement not expressly set forth in this Agreement shall
affect or be used to interpret, change or restrict, the express terms and provisions
of this Agreement, provided, however, in any event, this Agreement shall be
subject to and governed by the Plan.

 

20.                                 MODIFICATIONS AND AMENDMENTS.

 

The terms and provisions
of this Agreement may be modified or amended as provided in the Plan.

 

21.                                 WAIVERS AND CONSENTS.

 

Except as provided in the
Plan, the terms and provisions of this Agreement may be waived, or consent for
the departure therefrom granted, only by written document executed by the party
entitled to the benefits of such terms or provisions.  No such waiver or consent shall be deemed to
be or shall constitute a waiver or consent with respect to any other terms or
provisions of this Agreement, whether or not similar.  Each such waiver or consent shall be
effective only in the specific instance and for the purpose for which it was
given, and shall not constitute a continuing waiver or consent.

 

22.                                 DATA PRIVACY.

 

By entering into this
Agreement, the Participant:  (i) authorizes
the Company and each Affiliate, and any agent of the Company or any Affiliate
administering the Plan or providing Plan recordkeeping services, to disclose to
the Company or any of its Affiliates such information and data as the Company
or any such Affiliate shall request in order to facilitate the grant of options
and the administration of the Plan; (ii) waives any data privacy rights he
or she may have with respect to such information; and (iii) authorizes the
Company and each Affiliate to store and transmit such information in electronic
form.

 

9

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