Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.22

IDEXX LABORATORIES, INC.

1997 EMPLOYEE STOCK PURCHASE PLAN

(Adjusted to reflect 2-for-1 stock split effective November 5, 2007)

(As of February 3, 2005)

The purpose of this Plan is to provide eligible employees of IDEXX Laboratories, Inc. (the “Company”) and certain
of its subsidiaries with opportunities to purchase shares of the Company’s common stock, $.10 par value (the “Common
Stock”), commencing on July 1, 1997. The Plan was initially adopted by the Company’s Board of Directors (the “Board”)
on February 26, 1997 and approved by stockholders at a meeting held May 21, 1997. The Board amended the Plan, subject
to stockholder approval, on February 25, 2003 to increase the number of shares of Common Stock authorized for issuance
under the Plan from Eight Hundred Forty Thousand (840,000) shares to One Million Two Hundred Forty Thousand (1,240,000)
shares. The stockholders approved such increase in shares at the Company’s Annual Meeting held May 21, 2003.

1. Administration. The Plan will be administered by the Compensation Committee of the Company’s Board of
Directors (the “Committee”). The Committee has authority to make rules and regulations for the administration of the
Plan and its interpretation and decisions with regard thereto shall be final and conclusive.

2. Eligibility. Participation in the Plan will neither be permitted nor denied contrary to the
requirements of Section 423 of the Internal Revenue Code of 1986, as amended (the “Code”), and regulations promulgated
thereunder. All employees of the Company, including Directors who are employees, and all employees of any subsidiary
of the Company (as defined in Section 424(f) of the Code) designated by the Committee from time to time (a “Designated
Subsidiary”), are eligible to participate in any one or more of the offerings of Options (as defined in Section 9) to
purchase Common Stock under the Plan provided that:

(a) they are regularly employed by the Company or a Designated Subsidiary for more than 20 hours a week
and for more than five months in a calendar year; and

(b) they have been employed by the Company or a Designated Subsidiary for at least one month prior to
enrolling in the Plan; and

(c) they are employees of the Company or a Designated Subsidiary on the first day of the applicable Plan
Period (as defined below).

No employee may be granted an option hereunder if such employee, immediately after the option is granted, owns 5%
or more of the total combined voting power or value of the stock of the Company or any subsidiary. For purposes of the
preceding sentence, the attribution rules of Section 424(d) of the Code shall apply in determining the stock ownership
of an employee, and all stock which the employee has a contractual right to purchase shall be treated as stock owned by
the employee.

3. Offerings. The Company will make one or more offerings (“Offerings”) to employees to purchase stock
under this Plan. Offerings will begin each January 1, April 1, July 1 and October 1, or the first business day
thereafter (the “Offering Commencement Dates”). Each Offering Commencement Date will begin a three-month period (a
“Plan Period”) during which payroll deductions will be made and held for the purchase of Common Stock at the end of the
Plan Period. The Committee may, at its discretion, choose a different Plan Period of twelve (12) months or less for
subsequent Offerings.

4. Participation. An employee eligible on the Offering Commencement Date of any Offering may participate
in such Offering by completing and forwarding a payroll deduction authorization form to the employee’s appropriate
payroll office prior to the applicable Offering Commencement Date, but not later than the deadline established by the Committee. The form will authorize a regular payroll deduction from the Compensation received by
the employee during the Plan Period. Unless an employee files a new form or withdraws from the Plan, his deductions
and purchases will continue at the same rate for future Offerings under the Plan as long as the Plan remains in effect.
The term “Compensation” generally means the amount of money reportable on the employee’s Federal Income Tax
Withholding Statement, excluding allowances and reimbursements for expenses such as relocation allowances for travel
expenses, income or gains on the exercise of Company stock options or stock appreciation rights, and similar items,
whether or not shown on the employee’s Federal Income Tax Withholding Statement, but including, in the case of
salespersons, sales commissions to the extent determined by the Committee. The Committee will determine eligible
Compensation in a uniform and non-discriminatory manner.

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5. Deductions. The Company will maintain payroll deduction accounts for all participating employees.
With respect to any Offering made under this Plan, an employee may authorize a payroll deduction at the rate of 1%, 2%,
3%, 4% or 5% of Compensation with any change in compensation during the Plan Period to result in an automatic
corresponding change in the dollar amount withheld.

No employee may be granted an Option (as defined in Section 9) which permits his rights to purchase Common Stock
under this Plan and any other stock purchase plan of the Company and its subsidiaries, to accrue at a rate which
exceeds $25,000 of the fair market value of such Common Stock (determined at the Offering Commencement Date of the Plan
Period) for each calendar year in which the Option is outstanding at any time.

6. No Deduction Changes. Except as provided in Section 8 below with respect to withdrawals from
participating in an Offering, an employee may not increase or decrease his payroll deduction during a Plan Period.

7. Interest. Interest will not be paid on any employee accounts, except to the extent that the Committee,
in its sole discretion, elects to credit employee accounts with interest at such per annum rate as it may from time to
time determine.

8. Withdrawal of Funds. An employee may at any time up to the payroll data submission deadline for the
last pay date in a Plan Period and for any reason permanently draw out the balance accumulated in the employee’s
account and thereby withdraw from participation in an Offering. Partial withdrawals are not permitted. The employee
may not begin participation again during the remainder of the Plan Period. The employee may participate in any
subsequent Offering in accordance with terms and conditions established by the Committee.

9. Purchase of Shares. On the Offering Commencement Date of each Plan Period, subject to the limitations
described in section 5, the Company will grant to each eligible employee who is then a participant in the Plan an
option (“Option”) to purchase on the last business day of such Plan Period (the “Exercise Date”), at the Option Price
hereinafter provided for, the number of whole shares of Common Stock of the Company determined by dividing the
employee’s accumulated payroll deductions by the Option Price.

The purchase price (the “Option Price”) for each share purchased will be 85% of the closing price of the Common
Stock on the Exercise Date. Such closing price shall be (a) the closing price on any national securities exchange on
which the Common Stock is listed, (b) the closing price of the Common Stock on the Nasdaq Stock Market or (c) the
average of the closing bid and asked prices in the over-the-counter-market, whichever is applicable, as published in
The Wall Street Journal. If no sales of Common Stock were made on such a day, the price of the Common Stock
for purposes of clauses (a) and (b) above shall be the reported price for the closest trading day within the Plan
Period on which sales were made.

Each employee who continues to be a participant in the Plan on the Exercise Date shall be deemed to have exercised
his Option at the Option Price on such date and shall be deemed to have purchased from the Company the number of full
shares of Common Stock reserved for the purpose of the Plan that his accumulated payroll deductions on such date will
pay for, but not in excess of, the maximum number determined in the manner set forth above.

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Any balance remaining in an employee’s payroll deduction account at the end of a Plan Period will be automatically
refunded to the employee.

10. Issuance of Certificates. Certificates representing shares of Common Stock purchased under the Plan
may be issued only in the name of the employee, in the name of the employee and another person of legal age as joint
tenants with rights of survivorship, or (in the Company’s sole discretion) in the street name of a brokerage firm, bank
or other nominee holder designated by the employee.

11. Rights on Retirement, Death or Termination of Employment. In the event of a participating employee’s
termination of employment prior to the last business day of a Plan Period, no payroll deduction shall be taken from any
pay due and owing to an employee and the balance in the employee’s account shall be paid to the employee or, in the
event of the employee’s death, (a) to a beneficiary previously designated in a revocable notice signed by the employee
(with any spousal consent required under state law) or (b) in the absence of such a designated beneficiary, to the
executor or administrator of the employee’s estate or (c) if no such executor or administrator has been appointed to
the knowledge of the Company, to such other person(s) as the Company may, in its discretion, designate. If, prior to
the last business day of the Plan Period, the Designated Subsidiary by which an employee is employed shall cease to be
a subsidiary of the Company, or if the employee is transferred to a subsidiary of the Company that is not a Designated
Subsidiary, the employee shall be deemed to have terminated employment for the purposes of this Plan.

12. Optionees Not Stockholders. Neither the granting of an Option to an employee nor the deductions from
his pay shall constitute such employee a stockholder of the shares of Common Stock covered by an Option under this Plan
until such shares have been purchased by and issued to him.

13. Rights Not Transferable. Rights under this Plan are not transferable by a participating employee
other than by will or the laws of descent and distribution, and are exercisable during the employee’s lifetime only by
the employee.

14. Application of Funds. All funds received or held by the Company under this Plan may be combined with
other corporate funds and may be used for any corporate purpose.

15. Adjustment in Case of Changes Affecting Common Stock. In the event of a subdivision of outstanding
shares of Common Stock, or the payment of a dividend in Common Stock, the number of shares approved for this Plan, and
the share limitation set forth in Section 9, shall be increased proportionately, and such other adjustment shall be
made as may be deemed equitable by the Committee. In the event of any other change affecting the Common Stock, such
adjustment shall be made as may be deemed equitable by the Committee to give proper effect to such event.

16. Merger. If the Company shall at any time merge or consolidate with another corporation and the
holders of the capital stock of the Company immediately prior to such merger or consolidation continue to hold at least
80% by voting power of the capital stock of the surviving corporation (“Continuity of Control”), the holder of each
Option then outstanding will thereafter be entitled to receive at the next Exercise Date upon the exercise of such
Option for each share as to which such Option shall be exercised the securities or property which a holder of one share
of the Common Stock was entitled to upon and at the time of such merger, and the Committee shall take such steps in
connection with such merger as the Committee shall deem necessary to assure that the provisions of Section 15 shall
thereafter be applicable, as nearly as reasonably may be, in relation to the said securities or property as to which
such holder of such Option might thereafter be entitled to receive thereunder.

In the event of a merger or consolidation of the Company with or into another corporation which does not involve
Continuity of Control, or of a sale of all or substantially all of the assets of the Company while unexercised Options
remain outstanding under the Plan, (a) subject to the provisions of clauses (b) and (c), after the effective date of
such transaction, each holder of an outstanding Option shall be entitled, upon exercise of such Option, to receive in
lieu of shares of Common Stock, shares of such stock or other securities as the holders of shares of Common Stock received pursuant to the terms of such transaction; or (b) all outstanding Options may be cancelled by the
Committee as of a date prior to the effective date of any such transaction and all payroll deductions shall be paid out
to the participating employees; or (c) all outstanding Options may be cancelled by the Committee as of the effective
date of any such transaction, provided that notice of such cancellation shall be given to each holder of an Option, and
each holder of an Option shall have the right to exercise such Option in full based on payroll deductions then credited
to his account as of a date determined by the Committee, which date shall not be less than ten (10) days preceding the
effective date of such transaction.

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17. Amendment of the Plan. The Board may at any time, and from time to time, amend this Plan in any
respect, except that (a) if the approval of any such amendment by the shareholders of the Company is required by
Section 423 of the Code, such amendment shall not be effected without such approval, and (b) in no event may any
amendment be made which would cause the Plan to fail to comply with Section 423 of the Code.

18. Insufficient Shares. In the event that the total number of shares of Common Stock specified in
elections to be purchased under any Offering plus the number of shares purchased under previous Offerings under this
Plan exceeds the maximum number of shares issuable under this Plan, the Committee will allot the shares then available
on a pro rata basis.

19. Termination of the Plan. This Plan may be terminated at any time by the Board. Upon termination of
this Plan all amounts in the accounts of participating employees shall be promptly refunded.

20. Governmental Regulations. The Company’s obligation to sell and deliver Common Stock under this Plan
is subject to listing on a national stock exchange or quotation on the NASDAQ National Market and the approval of all
governmental authorities required in connection with the authorization, issuance or sale of such stock.

The Plan shall be governed by Delaware law except to the extent that such law is preempted by federal law.

21. Issuance of Shares. Shares may be issued upon exercise of an Option from authorized but unissued
Common Stock, from shares held in the treasury of the Company, or from any other proper source.

22. Notification upon Sale of Shares. Each employee agrees, by entering the Plan, to promptly give the
Company notice of any disposition of shares purchased under the Plan where such disposition occurs within two years
after the date of grant of the Option pursuant to which such shares were purchased.

23. Effective Date and Approval of Shareholders. The Plan shall take effect on July 1, 1997 subject to
approval by the shareholders of the Company as required by Section 423 of the Code, which approval must occur within
twelve months of the adoption of the Plan by the Board.

Adopted by the Board of Directors on February 26, 1997

Approved by the Stockholders on May 21, 1997

Amended by the Board of Directors on February 25, 2003

Approved by the Stockholders on May 21, 2003

Amended by the Board of Directors on July 16, 2003

Amended by the Board of Directors on February 3, 2005

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4Filed by Bowne Pure Compliance

 

Exhibit 10.23

IDEXX Laboratories, Inc.

EXECUTIVE DEFERRED COMPENSATION PLAN

Restated Effective as of January 1, 2008

The Executive Deferred Compensation Plan of IDEXX Laboratories, Inc. (the “Plan”) was initially
established effective September 1, 2003 to provide a vehicle for the deferral of taxable income.
The Plan is intended to be an “unfunded” plan maintained for the purpose of providing deferred
compensation to a select group of management employees for purposes of Title I of the Employee
Retirement Income Security Act of 1974. The Plan was amended and restated in its entirety,
effective January 1, 2005, primarily for the purpose of complying with the applicable requirements
of Section 409A of the Internal Revenue Code of 1986 (the “Code”), and Proposed Regulations
§§1.409A-1 et seq., and the Company operated the Plan in good faith compliance with Code Section
409A and the restated Plan document since that time. The Plan is now amended and restated in its
entirety, effective January 1, 2008, for the purpose of continuing compliance with Section 409A of
the Code and Final Regulations §§1.409A-1 et seq.

ARTICLE I

DEFINITIONS

Unless the context otherwise requires, the following words and phrases as used herein shall have
the following meanings:

Section 1.1 “ACCOUNT” means the bookkeeping Accounts maintained for a Participant to which
Deferrals, and any earnings thereon, are credited.

Section 1.2 “BENEFICIARY” means the person that the Participant designates to receive any unpaid
portion of the Participant’s Account balance should the Participant’s death occur before the
Participant receives the entire Account balance. If the Participant does not designate a
beneficiary, his Beneficiary shall be his spouse if he is married at the time of his death, or his
estate if he is unmarried at the time of his death.

Section 1.3 “CODE” means the Internal Revenue Code of 1986, as amended.

Section 1.4 “COMPANY” means IDEXX Laboratories, Inc. and any subsidiary designated as a
participating entity by the Plan Administrator.

Section 1.5 “COMPENSATION” means Salary and Other Compensation paid to or earned by a Participant.

Section 1.6 “CHANGE IN CONTROL” means, solely for purposes of this Plan, the occurrence of one or
more of the following events with respect to the Company:

(a) Any one person, or more than one person acting as a group, acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition by such person or
persons) beneficial ownership, directly or indirectly, of stock of the Company possessing 35% or
more of the total voting power of the stock of the Company; or

(b) Individuals constituting a majority of the members of the Company’s Board of Directors are
replaced during any 12-month period by new directors whose appointment or election is not approved
by a majority of the members of the Company’s Board of Directors serving immediately before the
appointment or election of any such new directors; or

(c) A change in the ownership of a substantial portion of the Company’s assets occurs on the
date that any one person, or more than one person acting as a group, acquires (or has acquired
during the 12-month period
ending on the date of the most recent acquisition by such person or persons) assets from the
Company that have a total gross fair market value equal to or more than 40% of the total gross fair
market value of all of the assets of the Company immediately prior to such acquisition or
acquisitions. For this purpose, gross fair market value means the value of the assets of the
Company, or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets.

  

 

For purposes of determining whether a Change in Control has occurred, the term “person” shall have
the meaning given in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”) and the term “beneficial owner” shall have the meaning given in Rule 13d-3
under the Exchange Act.

Section 1.7 “DEFERRALS” means amounts deferred under the Plan pursuant to Article III and allocated
to a Participant’s Investment Accounts. No money or other assets will actually be contributed to
such Investment Accounts.

Section 1.8 “DEFERRED STOCK UNIT” means a notional interest in one share of IDEXX Stock. Each
Deferred Stock Unit shall be equivalent in value to one share of IDEXX Stock and shall be subject
to the terms of the 2003 Stock Incentive Plan.

Section 1.9 “DISABLED” means that a Participant: (a) is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than
twelve months, or (b) is, by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not
less than twelve months, receiving income replacement benefits for a period of not less than three
months under an accident and health plan covering employees of the Company.

Section 1.10 “EFFECTIVE DATE” means the effective date of this restated plan document, generally
January 1, 2008.

Section 1.11 “EMPLOYEE” means an individual who is employed by the Company.

Section 1.12 “EXECUTIVE” means any Company Employee at the level of Director, Senior Director,
Vice President, or Corporate Officer.

Section 1.13 “IDEXX STOCK” means Common Stock of IDEXX Laboratories, Inc.

Section 1.14 “IDEXX STOCK INVESTMENT ACCOUNT” means an Investment Account in which deferred amounts
are valued as if they were invested in IDEXX Stock.

Section 1.15 “INVESTMENT ACCOUNT” means a book accounting record, maintained for each Participant,
valued in accordance with the performance of the investment choice in which the deferred amounts
are notionally invested. No funds are actually contributed to an Investment Account and there are
no assets in any Investment Account.

Section 1.16 “OFFICER” means a corporate officer of the Company.

Section 1.17 “OTHER COMPENSATION” means any annual bonus compensation paid to a Participant by the
Company. The Plan Administrator shall determine whether a particular form of bonus compensation
shall be subject to deferral elections under the Plan.

Section 1.18 “PARTICIPANT” means any Executive participating in the Plan.

Section 1.19 “PLAN” means this Deferred Compensation Plan, as it may be amended from time to time.

Section 1.20 “PLAN ADMINISTRATOR” means the Vice President — Human Resources of IDEXX Laboratories,
Inc. or any person serving in a similar capacity or any person or entity designated by such person.

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Section 1.21 “PLAN YEAR” means the 12-month period beginning January 1 and ending December 31.

Section 1.22 “SALARY” means the gross regular bi-weekly base wage paid to or earned by a
Participant in exchange for services to the Company.

Section 1.23 “SEPARATION FROM SERVICE” means the complete discontinuation of the provision of any
significant services by the Executive to the Company in any capacity. For purposes of determining
whether a Separation from Service has occurred, the Company shall apply the principles set forth in
Treasury Regulations § 1.409A-1(h)(1). Without limiting the foregoing, the Executive will be
considered to be providing only insignificant services to the Company (even if he continues to
provide some services) if he or she provides no more than 20% of the services he or she provided
during his or her period of regular full time employment.

Section 1.24 “SPECIFIED EMPLOYEE” means an Executive who is a “key employee” of the Company, within
the meaning of Code Section 409A(a)(2)(B). The Plan Administrator shall identify Specified
Employees with respect to each Plan Year in accordance with the procedure described in Treasury
Regulations § 1.409A-1(i).

Section 1.25 “UNFORESEEABLE EMERGENCY” means a severe financial hardship to the Participant, the
Participant’s spouse or a dependent (as defined in Code Section 152(a)) of the Participant, loss of
the Participant’s property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant.

ARTICLE II

ELIGIBILITY AND PARTICIPATION

Section 2.1 ELIGIBILITY. An Executive shall be eligible to become a participant in the Plan as of
his or her first day of employment with the Company or, if later, the date on which he or she
commences employment in an eligible position. An Executive shall cease to be eligible to defer
Compensation under the Plan if he or she shall cease to occupy an eligible position.

Section 2.2 PARTICIPATION. An Executive may become a Participant in the Plan effective as of the
first pay period beginning after delivery to the Plan Administrator (or its designee) of a
completed deferral election in the form prescribed by the Plan Administrator. Each Executive shall
remain a Participant under the Plan until all amounts credited to the Participant’s Account have
been distributed to the Participant or the Participant’s Beneficiary.

ARTICLE III

DEFERRALS; VESTING

Section 3.1 DEFERRAL ELECTIONS

(a) A Participant may elect to defer receipt of Salary and/or Other Compensation, as and to
the extent such deferral opportunities are made available under the Plan by the Plan Administrator,
for a Plan Year by completing and returning to the Plan Administrator (or his or her designee) a
written election on the form prescribed by the Plan Administrator. Except as provided below, a
Participant’s election shall be made between December 1 and December 31 of the year immediately
preceding the year in which such Salary and/or Other Compensation will be earned, and shall become
irrevocable with respect to a Plan Year as of December 31 of such preceding year.

(b) An Executive who shall first become eligible to participate in the Plan or any similar
non-qualified deferred compensation plan of the Company after the time specified for making the
deferral election under the Plan for the Plan Year as provided in 3.1(a) above, may, within 30
days after his or her initial eligibility date, elect to defer receipt of Salary and/or Other
Compensation earned during the remainder of such Plan Year. An Executive’s election under this
paragraph shall apply only to Salary and/or Other Compensation earned with respect to services
provided after his or her initial eligibility date. An Executive shall not be permitted to make an
election under this paragraph if he or she was eligible to participate in the Plan or any similar
non-qualified deferred compensation plan
of the Company within the 24 month period prior to the beginning of the 30 day election
period.

 

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(c) A Participant shall elect the form and timing of his or her benefit distribution at the
time at which such Participant makes a deferral election under this Section with respect to any
Plan Year.

(d) A Participant’s deferral election shall remain in effect until the date on which such
Participant ceases to be an Executive or until he or she modifies such election on a prospective
basis with respect to a subsequent Plan Year (in accordance with the requirements of subsection (a)
above and any applicable procedures prescribed by the Plan Administrator). Notwithstanding the
foregoing, the deferral election of a Participant who shall receive a distribution from the Plan on
account of an Unforeseeable Emergency shall be canceled for the remainder of the Plan Year, as soon
as administratively practicable following the approval of such distribution, and may not resume
unless and until the Participant shall make a new deferral election for a future Plan Year.

SECTION 3.2 VESTING. A Participant’s interest in the amounts deferred under the Plan, and any
notional earnings thereon, shall be fully vested and nonforfeitable at all times.

ARTICLE IV

INVESTMENT ACCOUNTS AND DISTRIBUTIONS

Section 4.1 INVESTMENT ACCOUNTS. The Plan Administrator shall designate the Investment Accounts
that will be available to Participants under the Plan from time to time. The Plan Administrator
shall also designate how often and what procedures must be followed to reallocate amounts in the
Investment Accounts. The Company shall credit a Participant’s deferrals to the Investment Accounts
selected by the Participant. All amounts credited to the IDEXX Stock Investment Account shall be
converted into Deferred Stock Units, each representing a notional interest in one share of IDEXX
Stock. The number of Deferred Stock Units credited to a Participant’s account with respect to a
deferral shall be determined by dividing the amount of the deferral by the closing price of one
share of IDEXX Stock on the conversion date established by the Plan Administrator with respect to
any deferral period, which conversion date shall not be later than 30 days after the end of the
deferral period.

Section 4.2 DISTRIBUTIONS.

(a) In general, distributions of amounts credited to the Participant’s Investment Accounts
shall be paid in cash. However, Deferred Stock Units held in a Participant’s IDEXX Stock
Investment Account shall be distributed in the form of shares of IDEXX Stock equal to the number of
Deferred Stock Units held in the Participant’s Account as of the close of business on the last
trading day prior to the event with respect to which the distribution is made.

(b) Benefits under the Plan shall be distributed to a Participant in a single lump sum or
pursuant to a fixed schedule of payments at the time(s), or upon the event or events, specified on
the Participant’s distribution election form on file with the Plan Administrator. For purposes of
applying the provisions of this paragraph, if an installment form of distribution shall be made
available by the Plan Administrator, such form of distribution shall be treated as an entitlement
to receive a single payment, as described in Treasury Regulations § 1.409A-2(b)(2)(iii).

Notwithstanding the foregoing, benefits under the Plan may not be distributed earlier than the
first of the following events to occur:

	 	(i)	 	the Participant’s Separation from Service;

	 
	 	(ii)	 	the date the Participant becomes Disabled;

	 
	 	(iii)	 	the Participant’s date of death;

	 
	 	(iv)	 	the time(s) specified by the Participant in his or her deferral
election, subject to such requirements as the Plan Administrator may impose
consistent with Code Section 409A;

	 
	 	(v)	 	a Change in Control of the Company; or

	 
	 	(vi)	 	the occurrence of an Unforeseeable Emergency.

 

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If a payment under the Plan is to be made on account of an event specified by the Participant, such
payment shall be made within 30 days following the occurrence of such event.

(c) Notwithstanding the foregoing:

(i) all benefits under the Plan shall be distributed to all Participants upon the
occurrence of a Change in Control of the Company;

(ii) a distribution payable on account of a Separation from Service to a Participant
who is a Specified Employee shall not be made sooner than 6 months after the date of his or
her Separation from Service for any reason or, if earlier, his or her death;

(iii) an Officer shall not receive a distribution of shares of IDEXX Stock on account
of his or her Separation from Service sooner than 12 months after the date of such
Separation from Service or, if earlier, upon his or her death;

(d) A Participant’s election as to the distribution of compensation previously deferred may be
modified only subject to the following requirements:

(i) no change in a distribution election may take effect until 12 months after the date
on which the change in election is made;

(ii) a Participant may not modify an election to receive a fixed schedule of payments
within 12 months of the first scheduled payment date, and

(iii) a change in a Participant’s distribution election must defer the date of the
distribution by at least 5 years from the date the distribution would otherwise have been
made.

(e) Upon application by the Participant, if the Plan Administrator determines that a
Participant has experienced an Unforeseeable Emergency, the Plan Administrator may authorize the
distribution of all or a portion of the Participant’s benefit under the Plan. The amount
distributed with respect to the Unforeseeable Emergency must not exceed the amounts reasonably
necessary to satisfy such emergency, plus amounts necessary to pay taxes reasonably anticipated as
a result of the distribution, after taking into account the extent to which such hardship is or may
be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of
the Participant’s assets (to the extent the liquidation of such assets would not itself cause
severe financial hardship).

ARTICLE V

ADMINISTRATIVE PROCEDURES

Section 5.1 GENERAL. The Plan shall be administered by the Plan Administrator. The Plan
Administrator shall establish such procedures and rules as he or she, in his or her sole
discretion, shall deem appropriate regarding the making of deferral and distribution elections, the
Investment Accounts for valuing Account Balances, reallocation of Account Balances among Investment
Accounts, statements of Account Balances, and other administrative items for this Plan, in all
events consistent with the written terms of the Plan and Section 409A of the Code.

Section 5.2 PLAN INTERPRETATION. The Plan Administrator shall have the authority and responsibility
to interpret and construe the Plan and to decide all questions arising thereunder, including
without limitation, questions of eligibility for participation, eligibility for Deferrals, the
amount of Account balances, and the timing of the distribution thereof, and shall have the
authority to deviate from the literal terms of the Plan only to the extent the Plan Administrator
shall determine, in his or her sole discretion, to be necessary or appropriate to operate the Plan
in compliance with the provisions of applicable law, including, without limitation, Code Section
409A. In no event shall the Plan Administrator use its authority or discretion to accelerate the
timing of benefit distributions under the Plan.

 

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Section 5.3 RESPONSIBILITIES AND REPORTS. The Plan Administrator may, pursuant to a written
instruction, name other persons to carry out specific responsibilities. The Plan Administrator
shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and
reports that are furnished by any accountant, controller, counsel, or other person who is employed
or engaged for such purposes.

ARTICLE VI

CLAIMS PROCEDURE

Section 6.1 DENIAL OF CLAIM FOR BENEFITS. Any denial by the Plan Administrator of any claim for
benefits under the Plan by a Participant or Beneficiary shall be stated in writing by the Plan
Administrator and delivered or mailed to the Participant or Beneficiary. The Plan Administrator
shall furnish the claimant with notice of the decision not later than 90 days after receipt of the
claim, unless special circumstances require an extension of time for processing the claim. If such
an extension of time for processing is required, written notice of the extension shall be furnished
to the claimant prior to the termination of the initial 90-day period. In no event shall such
extension exceed a period of 90 days from the end of such initial period. The extension notice
shall indicate the special circumstances requiring an extension of time and the date by which the
Plan Administrator expects to render the final decision. The notice of the Plan Administrator’s
decision shall be written in a manner calculated to be understood by the claimant and shall include
(i) the specific reasons for the denial, including, where appropriate, references to the Plan, (ii)
any additional information necessary to perfect the claim with an explanation of why the
information is necessary, and (iii) an explanation of the procedure for perfecting the claim.

Section 6.2 APPEAL OF DENIAL. The claimant shall have 60 days after receipt of written notification
of denial of his or her claim in which to file a written appeal with the Plan Administrator. As a
part of any such appeal, the claimant may submit issues and comments in writing and shall, on
request, be afforded an opportunity to review any documents pertinent to the perfection of his or
her claim. The Plan Administrator shall render a written decision on the claimant’s appeal
ordinarily within 60 days of receipt of notice thereof but, in no case, later than 120 days.

ARTICLE VII

FUNDING

Section 7.1 FUNDING. The Company shall not be obligated to segregate or hold separately from its
general assets any amounts credited to the Investment Accounts for Participants, and shall be under
no obligation whatsoever to fund in advance any amounts under the Plan, including Deferrals and
earnings thereon. Any assets which the Company segregates, holds separately or funds in advance
shall belong to the Company and the Participants shall have no beneficial or ownership interest
therein.

Section 7.2 BENEFITS UNSECURED. All Participants and Beneficiaries shall be treated as general,
unsecured creditors of the Company with respect to any amounts credited to the Investment Accounts.

ARTICLE VIII

AMENDMENT AND TERMINATION

The Company reserves the right to amend or terminate the Plan at any time by action of the Board or
the Compensation Committee thereof; provided, however, that the Vice President — Human Resources
may approve amendments to the Plan that are primarily technical or administrative in nature (such
as amendments that are necessary to bring the Plan into formal compliance with applicable law and
do not materially alter the design or benefit structure of the Plan). Notwithstanding the
foregoing, no such amendment or termination shall reduce any Participant’s Account Balance as of
the date of such amendment or termination, or accelerate the distribution of benefits to any
Participant. Any distributions made in connection with the termination of the Plan shall be made:
(a) not sooner than the last day of the 12th month after the termination date, (b) not
later than the 24th month after the termination date, and (c) in all other ways in
accordance with all applicable requirements of Section 409A of the Code.

 

6

 

ARTICLE IX

MISCELLANEOUS

Section 9.1 NO EMPLOYMENT CONTRACT. The establishment or existence of the Plan shall not confer
upon any individual the right to continued employment.

Section 9.2 NON-ALIENATION. No amounts payable under the Plan shall be subject in any manner to
anticipation, assignment, or voluntary or involuntary alienation.

Section 9.3 GOVERNING LAW. The Plan shall be governed by and construed in accordance with the laws
of the State of Maine to the extent not preempted by federal law.

Section 9.4 WITHHOLDING. The Company shall withhold from any benefits payable under the Plan all
federal, state and local income taxes or other taxes required to be withheld pursuant to applicable
law.

Section 9.5 INCAPACITY. If the Plan Administrator, in his or her sole discretion, deems a
Participant or Beneficiary who is eligible to receive any payment hereunder to be incompetent to
receive the same by reason of illness or any infirmity or incapacity of any kind, the Plan
Administrator may direct the Company to apply such payment directly for the benefit of such person,
or to make payment to any person selected by the Plan Administrator to disburse the same for the
benefit of the Participant or Beneficiary. Payments made pursuant to this Section shall operate as
a discharge, to the extent thereof, of all liabilities of the Company, the Plan Administrator and
the Plan to the person for whose benefit the payments are made.

Section 9.6 CONSTRUCTION OF TERMS. For purposes of the Plan, the singular shall include the plural,
and vice versa and the masculine shall include the feminine.

Section 9.7 BINDING UPON SUCCESSORS. The liabilities under the Plan shall be binding upon any
successor, assign or purchaser of the Company or any purchaser of substantially all of the assets
of the Company.

Section 9.8 NO TRUST ARRANGEMENT. All benefits under the Plan represent an unsecured promise to pay
by the Company. The Plan shall be unfunded and the benefits hereunder shall be paid only from the
general assets of the Company resulting in the Participants having no greater rights than the
Company’s other general creditors. Nothing herein shall prevent or prohibit the Company from
establishing a trust or other arrangement for the purpose of providing for the payment of the
benefits payable under the Plan. The assets held in such a trust or beneficial arrangement shall
be the property of the Company and the Participants shall have no beneficial or ownership interest
therein other than the rights of an unsecured general creditor of the Company.

Approved on July 16, 2003

Restated on February 22, 2006

Restated on January 1, 2008

 

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