Document:

EXHIBIT 10.4

 

Amendment of Employment Offer Letter

 

This Amendment (the “Amendment”) is entered into as of December 31,
2007, by and between Richard C. Tarbox III, an individual (“Executive”), and Quidel Corporation, a
Delaware corporation (“Quidel”) in
connection with that certain Employment Offer Letter (the “Offer Letter”), dated as of June 19,
2007 by and between Executive and Quidel. 
Terms which are not otherwise defined in this Amendment shall have the
same meanings accorded to them in the Offer Letter.

 

Executive and
Quidel hereby agree as follows:

 

1.             Update of
Severance Provision.  The parties
agree that the following sentence shall be included at the end of the paragraph
regarding “Severance” in the Offer Letter:

 

“Such severance payment shall be paid in a lump sum within ten (10) days
after the employment termination date.”

 

2.             Miscellaneous.  This Amendment may be executed in
counterparts, including counterparts transmitted by facsimile, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.  No other changes or
modifications are made to the Offer Letter by this Amendment, and all other
terms and conditions in the Offer Letter remain in full force and effect as set
forth therein.

 

[Signature Page Follows]

 

 

IN WITNESS
WHEREOF, each of the parties hereto has executed this Amendment as of the date
first written above.

 

	
   

  	
  Richard C.
  Tarbox, III

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard C. Tarbox III

  
	
   

  	
  Name:

  	
  Richard C. Tarbox III

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Quidel Corporation,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Caren Mason

  
	
   

  	
  Name:

  	
  Caren Mason

  
	
   

  	
  Title:

  	
  President and Chief Executive

  Officer

  

 

2EXHIBIT 10.5

 

Amendment of Agreement Re: Change in Control

 

This Amendment (the “Amendment”) is entered into as of December 31,
2007, by and between Caren L. Mason, an individual (“Executive”), and Quidel Corporation, a Delaware corporation (“Quidel”) in connection with that certain
Agreement Re: Change in Control (the “CIC
Agreement”), entered into as of August 20,
2004, by and between Executive and Quidel. 
Terms which are not otherwise defined in this Amendment shall have the
same meanings accorded to them in the CIC Agreement.

 

Background

 

WHEREAS, the
IRS issued final regulations on April 10, 2007 interpreting the rules and
standards under Section 409A of the Internal Revenue Code (“Section 409A”) as it relates to
deferred pay arrangements; and

 

WHEREAS, Section 409A
impacts the CIC Agreement, and Executive and Quidel desire to bring the CIC
Agreement into documentary compliance with Section 409A based on the terms
and conditions herein.

 

Agreement

 

NOW,
THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration the receipt of which is hereby acknowledged, Executive and Quidel
hereby agree as follows:

 

1.             Update
of Section 5(a).  The
parties agree that Section 5(a) should be deleted in its entirety and
replaced with the following:

 

“(a)         Executive voluntarily terminates her
employment with the Company and its affiliated companies.  Executive,
however, shall not be considered to have voluntarily terminated her
employment with the Company and its affiliated companies if, following, or
within thirty (30) days prior to, the Change in Control, Executive’s base
salary is reduced or adversely modified in any material respect, or Executive’s
authority or duties are materially changed, and subsequent to such reduction,
modification or change Executive elects to terminate her employment with the
Company and its affiliated companies within sixty (60) days following such
reduction, modification or change after having given the Company at least
thirty (30) days notice of the same and a reasonable opportunity to cure during
such 30-day notice period.  For such purposes, Executive’s authority or
duties shall conclusively be considered to have been “materially changed” if,
without Executive’s express and voluntary written consent, there is any
substantial diminution or adverse modification in Executive’s title, status,
overall position, responsibilities, reporting relationship, general working
environment (including without limitation secretarial and staff support,
offices, and frequency and mode of travel), or if, without Executive’s express
and voluntary written consent, Executive’s job location is transferred to a
site more than twenty-five (25) miles away from her place of employment thirty
(30) days prior to the Change in Control.  In this regard as well,
Executive’s authority and duties shall conclusively be considered to have been “materially
changed” if, without Executive’s express and voluntary written consent,
Executive no longer holds the same title or no longer has the same authority and
responsibilities or no longer has the 

 

 

same reporting responsibilities, in each case
with respect and as to a publicly held parent company.”

 

2.             Update
of Section 6(b).  The
parties agree that Section 6(b) should be deleted in its entirety and
replaced with the following:

 

“(b)         [Intentionally
Deleted.]”

 

3.             New
Section 6(d).  The parties agree that a new Section 6(d) shall
be added to the CIC Agreement immediately following Section 6(c):

 

“(d)         Notwithstanding
any provision of this Agreement to the contrary, if, at the time of Executive’s
termination of employment with the Company, Executive is a “specified employee” as defined in Section 409A
of the Code, and one or more of the payments or benefits received or to be
received by Executive pursuant to this Agreement (or any portion thereof) would
become subject to the additional tax under Section 409A(a)(1)(B) of
the Code or any other taxes or penalties imposed under Section 409A of the
Code (the “Section 409A Taxes”) if provided at the time otherwise required
under this Agreement, no such payment or benefit will be provided under this
Agreement until the earlier of (a) the date which is six (6) months
after Executive’s “separation from service” or (b) the date of Executive’s
death, or such shorter period that, as determined by the Company, is sufficient
to avoid the imposition of Section 409A Taxes.  The provisions of this Section 6(d) shall
only apply to the minimum extent required to avoid Executive’s incurrence of
any Section 409A Taxes.  In
addition, if any provision of this Agreement would cause Executive to incur any
penalty tax or interest under Section 409A of the Code or any regulations
or Treasury guidance promulgated thereunder, the Company may reform such
provision to maintain to the maximum extent practicable the original intent of
the applicable provision without violating the provisions of Section 409A
of the Code.”

 

4.             Miscellaneous.  This Amendment may be executed in
counterparts, including counterparts transmitted by facsimile, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.  No other changes or
modifications are made to the CIC Agreement by this Amendment, and all other
terms and conditions in the CIC Agreement remain in full force and effect as
set forth therein.

 

[Signature Page Follows]

 

2

 

IN WITNESS
WHEREOF, each of the parties hereto has executed this Amendment as of the date
first written above.

 

	
   

  	
  Caren L. Mason

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Caren L. Mason

  
	
   

  	
  Name:

  	
  Caren L. Mason

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Quidel Corporation,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert J. Bujarski

  
	
   

  	
  Name:

  	
  Robert J. Bujarski

  
	
   

  	
  Title:

  	
  Senior Vice President, General and

  Corporate Secretary

  

 

3EXHIBIT 10.6

Amendment of Agreement Re: Change in Control

 

This Amendment
(the “Amendment”) is entered into
as of December 31, 2007, by and between Michael J. Beck, an individual (“Executive”), and Quidel Corporation, a
Delaware corporation (“Quidel”) in
connection with that certain Agreement Re: Change in Control (the “CIC  Agreement”),
dated as of July 19, 2004, by and between Executive and Quidel.  Terms which are not otherwise defined in this
Amendment shall have the same meanings accorded to them in the CIC Agreement.

 

Background

 

WHEREAS, the
IRS issued final regulations on April 10, 2007 interpreting the rules and
standards under Section 409A of the Internal Revenue Code (“Section 409A”) as it relates to
deferred pay arrangements; and

 

WHEREAS, Section 409A impacts the CIC Agreement, and Executive and
Quidel desire to bring the CIC Agreement into documentary compliance with Section 409A
based on the terms and conditions herein.

 

Agreement

 

NOW, THEREFORE, in consideration of the foregoing, and for other good
and valuable consideration the receipt of which is hereby acknowledged,
Executive and Quidel hereby agree as follows:

 

1.             Update
of Section 5(a).  The parties agree that Section 5(a) should
be deleted in its entirety and replaced with the following:

 

“(a)         Executive voluntarily terminates his employment with the
Company and its affiliated companies.  Executive, however, shall not
be considered to have voluntarily terminated his employment with the Company
and its affiliated companies if, following, or within thirty (30) days prior
to, the Change in Control, Executive’s base salary is reduced or adversely
modified in any material respect, or Executive’s authority or duties are
materially changed, and subsequent to such reduction, modification or change Executive
elects to terminate his employment with the Company and its affiliated
companies within sixty (60) days following such reduction, modification or
change after having given the Company at least thirty (30) days notice of the
same and a reasonable opportunity to cure during such 30-day notice
period.  For such purposes, Executive’s authority or duties shall
conclusively be considered to have been “materially changed” if, without
Executive’s express and voluntary written consent, there is any substantial
diminution or adverse modification in Executive’s title, status, overall
position, responsibilities, reporting relationship, general working environment
(including without limitation secretarial and staff support, offices, and
frequency and mode of travel), or if, without Executive’s express and voluntary
written consent, Executive’s job location is transferred to a site more than
twenty-five (25) miles away from his place of employment thirty (30) days prior
to the Change in Control.  In this regard as well, Executive’s authority
and duties shall conclusively be considered to have been “materially changed”
if, without Executive’s express and voluntary written consent, Executive no
longer holds the same title or no longer has the same authority and responsibilities
or no longer has the 

 

 

same reporting
responsibilities, in each case with respect and as to a publicly held parent
company which is not controlled by another entity or person.”

 

2.             Update
of Section 6(b).  The parties agree that Section 6(b) should
be deleted in its entirety and replaced with the following:

 

“(b)         [Intentionally
Deleted.]”

 

3.             New
Section 6(d).  The parties agree that a new Section 6(d) shall
be added to the CIC Agreement immediately following Section 6(c):

 

“(d)         Notwithstanding
any provision of this Agreement to the contrary, if, at the time of Executive’s
termination of employment with the Company, Executive is a “specified employee”
as defined in Section 409A of the Code, and one or more of the payments or
benefits received or to be received by Executive pursuant to this Agreement (or
any portion thereof) would become subject to the additional tax under Section 409A(a)(1)(B) of
the Code or any other taxes or penalties imposed under Section 409A of the
Code (the “Section 409A Taxes”) if provided at the time otherwise required
under this Agreement, no such payment or benefit will be provided under this
Agreement until the earlier of (a) the date which is six (6) months
after Executive’s “separation from service” or (b) the date of Executive’s
death, or such shorter period that, as determined by the Company, is sufficient
to avoid the imposition of Section 409A Taxes.  The provisions of this Section 6(d) shall
only apply to the minimum extent required to avoid Executive’s incurrence of
any Section 409A Taxes.  In
addition, if any provision of this Agreement would cause Executive to incur any
penalty tax or interest under Section 409A of the Code or any regulations
or Treasury guidance promulgated thereunder, the Company may reform such
provision to maintain to the maximum extent practicable the original intent of
the applicable provision without violating the provisions of Section 409A
of the Code.”

 

4.             Miscellaneous.  This Amendment may be executed in
counterparts, including counterparts transmitted by facsimile, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.  No other changes or
modifications are made to the CIC Agreement by this Amendment, and all other
terms and conditions in the CIC Agreement remain in full force and effect as
set forth therein.

 

[Signature Page Follows]

 

2

 

IN WITNESS
WHEREOF, each of the parties hereto has executed this Amendment as of the date
first written above.

 

	
   

  	
  Michael J. Beck

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael J. Beck

  
	
   

  	
  Name:

  	
  Michael J. Beck

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Quidel Corporation,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Caren L. Mason

  
	
   

  	
  Name:

  	
  Caren L. Mason

  
	
   

  	
  Title:

  	
  President and

  
	
   

  	
   

  	
  Chief Executive Officer

  

 

3

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