Document:

EX-10.10

 

EXHIBIT 10.10

FISHER SCIENTIFIC INTERNATIONAL INC.

2005 EQUITY AND INCENTIVE PLAN, AS AMENDED FOR AWARDS

GRANTED ON OR AFTER NOVEMBER 9, 2006

          The following Plan applies to Awards granted on or after November 9, 2006. All Awards granted
prior to November 9, 2006 shall be governed by the Plan in effect immediately prior to such date.

     1. Purpose; Types of Awards; Construction. The purposes of the 2005 Equity and Incentive
Plan of Fisher Scientific International Inc. are to attract, motivate and retain (a) employees of
the Company and any Subsidiary and Affiliate, (b) independent contractors who provide significant
services to the Company, any Subsidiary or Affiliate and (c) non-employee directors of the Company,
any Subsidiary or any Affiliate. The Plan is also designed to encourage stock ownership by such
persons, thereby aligning their interest with those of the Company’s shareholders and to permit the
payment of compensation that qualifies as performance-based compensation under Section 162(m) of
the Code. Pursuant to the Long-Term Incentive Program described herein, there may be granted stock
options (including “incentive stock options” and “non-qualified stock options”), and other stock
based awards, including but not limited to restricted stock, restricted stock units, dividend
equivalents, performance units, stock appreciation rights (payable in shares) and other long-term
stock-based or cash-based Awards; excluding, however, reload or other automatic Awards made upon
exercise of Options, which Awards shall not be granted under the Plan. Notwithstanding any
provision of the Plan, to the extent that any Award would be subject to Section 409A of the Code,
no such Award may be granted if it would fail to comply with the requirements set forth in Section
409A of the Code and any regulations or guidance promulgated thereunder.

     2. Definitions. For purposes of the Plan, the following terms shall be defined as set
forth below:

          (a) “Affiliate” means an affiliate of the Company, as defined in Rule 12b-2
promulgated under Section 12 of the Exchange Act,

          (b) “Award” means individually or collectively, a grant under the Plan of Options,
Restricted Stock or Other Stock-Based Awards or Other Cash-Based Awards.

          (c) “Award Agreement” means any written agreement, contract, or other instrument or
document evidencing an Award.

          (d) “Board” means the Board of Directors of the Company.

          (e) “Cause” shall have the meaning set forth in the Grantee’s employment or other agreement
with the Company, any Subsidiary or any Affiliate, provided

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that if the Grantee is not a party
to any such employment or other agreement or such employment or other agreement does not contain
a definition of Cause, then Cause shall mean (i) the
willful and continued failure of the Grantee to perform substantially the Grantee’s duties
with the Company or any Subsidiary or Affiliate (other than any such failure resulting from
incapacity due to physical or mental illness), after a written demand for substantial
performance is delivered to the Grantee by the employing Company, Subsidiary or Affiliate that
specifically identifies the alleged manner in which the Grantee has not substantially performed
the Grantee’s duties, or (ii) the willful engaging by the Grantee in illegal conduct or gross
misconduct that is materially and demonstrably injurious to the Company or any Subsidiary or
Affiliate. For purposes of this provision, no act or failure to act, on the part of the Grantee,
shall be considered “willful” unless it is done, or omitted to be done, by the Grantee in bad
faith or without reasonable belief that the Grantee’s action or omission was in the best
interests of the Company, Subsidiary or Affiliate.

     (f) “Change in Control” shall have the meaning set forth in Section 7(c) hereof.

     (g) “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     (h) “Committee” means the committee established by the Board to administer the Plan.
The Committee shall consist of not less than two directors who shall be appointed from time to
time by, and shall serve at the pleasure of, the Board. The Committee shall be comprised solely
of directors who are (a) “non-employee directors” under Rule 16b-3 of the Exchange Act, (b)
“outside directors” under Section 162(m) of the Code and “independent directors” pursuant to New
York Stock Exchange requirements.

     (i) “Company” means Thermo Fisher Scientific Inc., a corporation organized under the laws
of the State of Delaware, or any successor corporation.

     (j) “Covered Employee” shall have the meaning set forth in Section 162(m)(3) of the Code.

     (k) “Disability” means that a Grantee (i) 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
12 months, or (ii) 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 12 months, receiving income replacement benefits for a period of not less than 3
months under an accident and health plan covering employees of the Company or an Affiliate of
the Company.

     (l) “Effective Date” means March 24, 2005.

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     (m) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time,
and as now or hereafter construed, interpreted and applied by regulations, rulings and cases.

     (n) “Excise Tax” shall have the meaning set forth in Section 7(d) hereof.

     (o) “Fair Market Value” means, with respect to Stock or other property, the fair market
value of such Stock or other property determined by such methods or procedures as shall be
established from time to time by the Committee. Unless otherwise determined by the Committee in
good faith, the per share Fair Market Value of Stock as of a particular date shall mean, (i) the
closing sales price per share of Stock on the national securities exchange on which the Stock is
principally traded, for the date on which an Award is granted or any other date on which a
determination of fair market value is required (or if such date is not a trading day then the
closing price on the last preceding date that was a trading day), or (ii) if the shares of Stock
are then traded in an over-the-counter market, the average of the closing bid and asked prices
for the shares of Stock in such over-the-counter market for the last preceding date on which
there was a sale of such Stock in such market, or if the shares of Stock are not then listed on
a national securities exchange or traded in an over-the-counter market, such value as the
Committee, in its sole discretion, shall determine in good faith.

     (p) “Full Value Award” means any Award, other than an Option, which Award is settled in
Stock.

     (q) “Good Reason” shall have the meaning set forth in the Grantee’s employment or other
agreement with the Company, any Subsidiary or any Affiliate, provided that if the Grantee is not
a party to any such employment or other agreement or such employment or other agreement does not
contain a definition of Good Reason, then Good Reason shall mean, the occurrence, on or after
the date of a Change in Control and without the affected Grantee’s written consent, of (i) the
assignment to the Grantee of duties in the aggregate that are inconsistent with the Grantee’s
level of responsibility immediately prior to the date of the Change in Control or any diminution
in the nature or status of the Grantee’s responsibilities from those in effect immediately prior
to the date of the Change in Control (including, without limitation, in the case of a Grantee
who was, immediately prior to the Change in Control, an executive officer of the Company, such
employee ceasing to be an executive officer of a public company); (ii) a reduction by the
employer in the Grantee’s annual base salary, annual incentive compensation opportunity, or long
term incentive compensation opportunity (including an adverse change in performance criteria or
a decrease in the target amount of annual or long term incentive compensation) from that in
effect immediately prior to the Change in Control; or (iii) the relocation of the Grantee’s
principal place of employment to a location more than fifty (50) miles from the Grantee’s
principal place of employment immediately prior to the date of the Change in Control, provided,
however, such relocation

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also requires a material change in the Grantee’s commute.

     (r) “Grantee” means a person who, as an employee of or independent contractor or
non-employee director with respect to the Company, a Subsidiary or an Affiliate, has been
granted an Award under the Plan.

     (s) “ISO” means any Option intended to be and designated as an incentive stock
option within the meaning of Section 422 of the Code.

     (t) “NQSO” means any Option that is designated as a nonqualified stock option.

     (u) “Option” means a right granted to a Grantee under Section 6(b)(i), to purchase shares
of Stock. An Option may be either an ISO or an NQSO.

     (v) “Other Cash-Based Award” means an Award granted to a Grantee under Section
6(b)(iii) hereof, including cash awarded as a bonus or upon the attainment of Performance Goals
or otherwise as permitted under the Plan.

     (w) “Other Stock-Based Award” means an Award granted to a Grantee pursuant to Section
6(b)(iii) hereof, that may be denominated or payable in, valued in whole or in part by reference
to, or otherwise based on, or related to, Stock including but not limited to performance units,
stock appreciation rights (payable in shares), restricted stock units or dividend equivalents,
each of which may be subject to the attainment of Performance Goals or a period of continued
employment or other terms and conditions as permitted under the Plan.

     (x) “Performance Goals” means performance goals based on one or more of the following
criteria: (i) earnings including operating income, earnings before or after taxes, earnings
before or after interest, depreciation, amortization, or extraordinary or special items or book
value per share (which may exclude nonrecurring items); (ii) pre-tax income or after-tax income;
(iii) earnings per common share (basic or diluted); (iv) operating profit; (v) revenue, revenue
growth or rate of revenue growth; (vi) return on assets (gross or net), return on investment,
return on capital, or return on equity; (vii) returns on sales or revenues; (viii) operating
expenses, (ix) stock price appreciation; (x) cash flow, free cash flow, cash flow return on
investment (discounted or otherwise), net cash provided by operations, or cash flow in excess of
cost of capital; (xi) implementation or completion of critical projects or processes; (xii)
economic value created; (xiii) cumulative earnings per share growth; (xiv) operating margin or
profit margin; (xv) common stock price or total stockholder return; (xvi) cost targets,
reductions and savings, productivity and efficiencies; (xvii) strategic business criteria,
consisting of one or more objectives based on meeting specified market penetration, geographic
business expansion, customer satisfaction, employee satisfaction, human resources management,
supervision of litigation, information technology, and goals relating to acquisitions,
divestitures, joint ventures and similar transactions, and budget comparisons; (xviii) personal

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professional objectives, including any of the foregoing performance goals, the implementation of
policies and plans, the negotiation of transactions, the development of long term business
goals, formation of joint ventures, research or development collaborations, and the completion
of other corporate transactions; and (xix) any combination of, or a specified increase in, any
of the foregoing. Where applicable, the Performance Goals may be expressed in terms of attaining
a specified level of the particular criteria or the attainment of a percentage increase or
decrease in the particular criteria, and may be applied to one or more of the Company, a
Subsidiary or Affiliate, or a division or strategic business unit of the Company, or may be
applied to the performance of the Company relative to a market index. a group of other companies
or a combination thereof, all as determined by the Committee. The Performance Goals may include
a threshold level of performance below which no payment will be made (or no vesting will occur),
levels of performance at
which specified payments will be made (or specified vesting will occur), and a maximum
level of performance above which no additional payment will be made (or at which full vesting
will occur). Each of the foregoing Performance Goals shall be determined in accordance with
generally accepted accounting principles and shall be subject to certification by the Committee;
provided that the Committee shall have the authority to make equitable adjustments to the
Performance Goals in recognition of unusual or non-recurring events affecting the Company or any
Subsidiary or Affiliate or the financial statements of the Company or any Subsidiary or
Affiliate, in response to changes in applicable laws or regulations, or to account for items of
gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in
occurrence or related to the disposal of a segment of a business or related to a change in
accounting principles.

     (y) “Plan” means this Fisher Scientific International Inc. 2005 Equity and Incentive Plan,
as amended from time to time.

     (z) “Plan Year” means a calendar year.

     (aa) “Restricted Stock” means a share of Stock that is subject to restrictions set
forth in the Plan or any Award Agreement.

     (bb) “Rule 16b-3” means Rule 16b-3, as from time to time in effect promulgated by the
Securities and Exchange Commission under Section 16 of the Exchange Act, including any successor
to such Rule.

     (cc) “Stock” means shares of common stock, par value $1.00 per share, of the Company.

     (dd) “Subsidiary” means any corporation in an unbroken chain of corporations beginning
with the Company if, at the time of granting of an Award, each of the corporations (other than
the last corporation in the unbroken chain) owns stock possessing 50% or more of the total
combined voting power of all classes of stock in one of the other corporations in the chain.

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          (ee) “Total Payments” shall have the meaning set forth in Section 7(d) hereof.

3. Administration.

     (a) At the discretion of the Board, the Plan shall be administered either (i) by the
Board or (ii) by the Committee. In the event the Board is the administrator of the Plan, references
herein to the Committee shall be deemed to include the Board. The Board may from time to time
appoint a member or members of the Committee in substitution for or in addition to the member or
members then in office and may fill vacancies on the Committee however caused. The Committee shall
choose one of its members as chairman and shall hold meetings at such times and places as it shall
deem advisable. A majority of the members of the Committee shall constitute a quorum and any
action may be taken by a majority of those present and voting at any meeting. The Board or the
Committee may appoint and delegate to another committee (“Option Committee”) any or all of the
authority of the Board or the Committee, as applicable, with respect to Awards to Grantees other
than Grantees who are subject to potential liability under Section 16(b) of the 1934 Act with
respect to transactions involving equity securities of the Company at the time any such
delegated authority is exercised. With respect to Awards that are intended to meet the
performance-based compensation exception of Section 162(m) of the Code and that are made to a
Grantee who is expected to be a Covered Employee, such delegation shall not include any authority,
which if exercised by the Option Committee rather than by the Committee, would cause the Grantee’s
Award to fail to meet such exception.

     (b) The decision of the Committee as to all questions of interpretation and application of the
Plan shall be final, binding and conclusive on all persons. The Committee shall have the authority
in its discretion, subject to and not inconsistent with the express provisions of the Plan, to
administer the Plan and to exercise all the power and authority either specifically granted to it
under the Plan or necessary or advisable in the administration of the Plan, including without
limitation, the authority to grant Awards, to determine the persons to whom and the time or times
at which Awards shall be granted, to determine the type and number of Awards to be granted, the
number of shares of Stock to which an Award may relate and the terms, conditions, restrictions and
Performance Goals relating to any Award; to determine Performance Goals no later than such time as
is required to ensure that an underlying Award which is intended to comply with the requirements of
Section 162(m) of the Code so complies; to determine whether, to what extent, and under what
circumstances an Award may be settled, cancelled, forfeited, accelerated, exchanged, or
surrendered; to make adjustments in the terms and conditions (including Performance Goals)
applicable to Awards; to construe and interpret the Plan and any Award; to prescribe, amend and
rescind rules and regulations relating to the Plan; to determine the terms and provisions of the
Award Agreements (which need not be identical for each Grantee); and to make all other
determinations deemed necessary or advisable for the

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administration of the Plan. Notwithstanding
the foregoing, the Committee shall not take any action with respect to an Award that would be
treated, for accounting purposes, as a “repricing” of such Award unless such action is approved by
the Company’s shareholders. The Committee may correct any defect or supply any omission or
reconcile any inconsistency in the Plan or in any Award Agreement granted hereunder in the manner
and to the extent it shall deem expedient to carry the Plan into effect and shall be the sole and
final judge of such expediency. No Committee member (or member of the Option Committee) shall be
liable for any action or determination made with respect to the Plan or any Award.

4. Eligibility.

     (a) Awards may be granted to officers, independent contractors, employees and
non-employee directors of the Company or of any of its Subsidiaries and Affiliates; provided, that
ISOs shall be granted only to employees (including officers and directors who are also employees)
of the Company, its parent or any of its Subsidiaries.

     (b) No ISO shall be granted to any employee of the Company, its parent or any of its
Subsidiaries if such employee owns, immediately prior to the grant of the ISO, stock representing
more than 10% of the voting power or more than 10% of the value of all classes of stock of the
Company or a parent or a Subsidiary, unless the purchase price for the stock under such ISO shall
be at least 110% of its Fair Market Value at the time such ISO is
granted and the ISO, by its terms, shall not be exercisable more than five years from the date
it is granted. In determining the stock ownership under this paragraph, the provisions of Section
424(d) of the Code shall be controlling.

5. Stock Subject to The Plan.

     (a) The maximum number of shares of Stock reserved for the grant or settlement of Awards under
the Plan (the “Share Limit”) shall be 14,303,064 and shall be subject to adjustment as provided
herein; provided that each share issued under the Plan pursuant to a Full Value Award shall be
counted against the foregoing Share Limit as 1.8 shares for every one share actually issued in
connection with such Award. (For example, if 100 shares of Restricted Stock are granted under this
Plan, 180 shares shall be charged against the Share Limit in connection with that Award.) The
aggregate Awards granted during any fiscal year to any single individual who is likely to be a
“covered employee” as defined under Code Section 162(m) shall not exceed (i) 1,000,000 shares
subject to Options or stock appreciation rights and (ii) 500,000 shares subject to Restricted Stock
or Other Stock-Based Awards (other than stock appreciation rights). Determinations made in respect
of the limitation set forth in the preceding sentence shall be made in a manner consistent with
Section 162(m) of the Code. Such shares may, in whole or in part, be authorized but unissued
shares or shares that shall have been or may be reacquired by the Company in the open market, in
private transactions or otherwise. If any shares subject to an Award are forfeited, cancelled,
exchanged or surrendered or if an Award otherwise terminates

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or expires without a distribution of
shares to the Grantee, the shares of stock with respect to such Award shall, to the extent of any
such forfeiture, cancellation, exchange, surrender, termination or expiration, again be available
for Awards under the Plan. Notwithstanding the foregoing, shares of Stock that are exchanged by a
Grantee or withheld by the Company as full or partial payment in connection with any Award under
the Plan, as well as any shares of Stock exchanged by a Grantee or withheld by the Company or any
Subsidiary to satisfy the tax withholding obligations related to any Award under the Plan, shall
not be available for subsequent Awards under the Plan. Upon the exercise of any Award granted in
tandem with any other Awards, such related Awards shall be cancelled to the extent of the number of
shares of Stock as to which the Award is exercised and, notwithstanding the foregoing, such number
of shares shall no longer be available for Awards under the Plan.

     (b) Except as provided in an Award Agreement or as otherwise provided in the Plan, in the
event that the Committee shall determine that any dividend or other distribution (whether in the
form of cash, Stock, or other property), recapitalization, Stock split, reverse split,
reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange, or
other similar corporate transaction or event, affects the Stock such that an adjustment is
appropriate in order to prevent dilution or enlargement of the rights of Grantees under the Plan,
then the Committee shall make such equitable changes or adjustments as it deems necessary or
appropriate to any or all of (i) the number and kind of shares of Stock or other property
(including cash) that may thereafter be issued in connection with Awards or the total number of
Awards issuable under the Plan, (ii) the number and kind of shares of Stock or other property
issued or issuable in respect of outstanding Awards, (iii) the exercise price, grant price or
purchase price relating to any Award, (iv) the Performance Goals and (v) the
individual limitations applicable to Awards; provided that, with respect to ISOs, any
adjustment shall be made in accordance with the provisions of Section 424(h) of the Code and any
regulations or guidance promulgated thereunder, and provided further that no such adjustment shall
cause any Award hereunder which is or becomes subject to Section 409A of the Code to fail to comply
with the requirements of such section.

6. Specific Terms of Awards.

     (a) General. The term of each Award shall be for such period as may be determined by the
Committee. Subject to the terms of the Plan and any applicable Award Agreement, payments to be made
by the Company or a Subsidiary or Affiliate upon the grant, maturation, or exercise of an Award may
be made in such forms as the Committee shall determine at the date of grant or thereafter,
including, without limitation, cash, Stock, or other property, and may be made in a single payment
or transfer, in installments, or on a deferred basis.

     (b) Awards. The Committee is authorized to grant to Grantees the following Awards, as deemed
by the Committee to be consistent with the purposes of the Plan. The Committee shall determine the
terms and conditions of such Awards at

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the date of grant or thereafter.

     (i) Options. The Committee is authorized to grant Options to Grantees on the following
terms and conditions:

          (A) Type of Award. The Award Agreement evidencing the grant of an Option under the
Plan shall designate the Option as an ISO or an NQSO.

          (B) Exercise Price. The exercise price per share of Stock purchasable under an Option
shall be determined by the Committee, but in no event shall the exercise price of an Option
per share of Stock be less than the Fair Market Value of a share of Stock as of the date of
grant of such Option. The purchase price of Stock as to which an Option is exercised shall
be paid in full at the time of exercise; payment may be made in cash, which may be paid by
check, or other instrument acceptable to the Company, or, with the consent of the Company,
in shares of Stock, valued at the Fair Market Value on the date of exercise (including
shares of Stock that otherwise would be distributed to the Grantee upon exercise of the
Option), or if there were no sales on such date, on the next preceding day on which there
were sales or (if permitted by the Committee and subject to such terms and conditions as it
may determine) by surrender of outstanding Awards under the Plan, or the Committee may
permit such payment of exercise price by any other method it deems satisfactory in its
discretion. In addition, subject to applicable law and pursuant to procedures approved by
the Company, payment of the exercise price may he made through the sale of Stock acquired
on exercise of the Option, valued at Fair Market Value on the date of exercise, sufficient
to pay for such Stock (together with, if requested by the Company, the amount of federal,
state or local withholding taxes payable by Grantee by reason of such exercise). Any amount
necessary to satisfy applicable federal, state or local tax withholding requirements shall
be paid promptly upon notification of the amount due. The Company may permit such amount of
tax withholding to be paid in shares of Stock previously owned by the employee, or a
portion of the shares of Stock that otherwise would he distributed to such employee upon
exercise of the Option, or a combination of cash and shares of such Stock.

          (C) Term and Exercisability of Options. Options shall be exercisable over the exercise
period (which shall not exceed ten years from the date of grant), at such times and upon
such conditions as the Committee may determine, as reflected in the Award Agreement;
provided that, the Committee shall have the authority to accelerate the exercisability of
any outstanding Option at such time and under such circumstances as it, in its sole
discretion, deems appropriate. An Option may be exercised to the extent of any or all full
shares of Stock as to which the Option has become exercisable, by giving written notice of
such exercise to the Committee or its designated agent.

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     (D) Termination of Employment. Unless otherwise provided in the applicable Award
Agreement or employment agreement, or unless otherwise determined by the Committee:

          (I) Except as set forth herein or in subsections II, III, IV or V below, an Option
may not be exercised unless the Grantee is then in the employ of, maintains an
independent contractor relationship with, or is a director of, the Company or a
Subsidiary or an Affiliate (or a company or a parent or subsidiary company of such
company issuing or assuming the Option in a transaction to which Section 424(a) of the
Code applies), and unless the Grantee has remained continuously so employed, or
continuously maintained such relationship, since the date of grant of the Option.

          (II) If the Grantee’s employment or service terminates because of Grantee’s death
or Disability, all of such Grantee’s Options (regardless of the extent to which such
Options are then exercisable) shall be exercisable as of such date of termination and
remain outstanding until the earlier of (i) one (1) year from the date of termination or
(ii) the expiration of the term of the Option.

          (III) If the Grantee’s employment or service terminates upon the Grantee’s
retirement from the Company or a Subsidiary or an Affiliate prior to the expiration of
the term of the Option then, subject to Section 6(b)(i)(D)(V) below, this option shall
vest and become 100% exercisable upon the date of such retirement and the right to
exercise this option shall terminate eighteen months following such date (but in no
event after the expiration of the term of the Option), provided that the
retirement date occurs at least one year after the date of grant. For the purposes of
this Agreement, a Grantee shall be deemed to have “retired” (i) in the event of a
non-employee director of the Company, when he or she ceases to be a director of the
Company and (ii) in the event of an employee of the Company or a Subsidiary or an
Affiliate, upon his or her resignation from employment with the Company or a Subsidiary
or an Affiliate either (A) after the age of 55 and the completion of 10 continuous years
of service to the Company or a Subsidiary or an Affiliate comprising at least 20 hours
per week or (B) after the age of 60 and the completion of 5 continuous years of service
to the Company or a Subsidiary or an Affiliate comprising at least 20 hours per week.

          (IV) If the Grantee’s employment or service is terminated for Cause, all vested and
unvested outstanding Options granted to such Grantee shall terminate on the date of the
Grantee’s termination of employment or service.

          (V) If the Grantee’s employment or service with the Company and its Affiliates and
Subsidiaries terminates (including by reason of the Affiliate

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or Subsidiary which
employs the Grantee ceasing to be an Affiliate or Subsidiary of the Company) other than
as described in subsections (II), (III) and (IV) above, the portions of outstanding
Options granted to such Grantee that are exercisable as of the date of such termination
of employment or service shall remain exercisable until the earlier of (i) three (3)
months following the date of such
termination of employment or service and (ii) expiration of the term of the Option
and shall thereafter terminate. All additional portions of outstanding Options granted
to such Grantee which are not exercisable as of the date of such termination of
employment or service, shall terminate upon the date of such termination of employment
or service.

          (E) Other Provisions. Options may be subject to such other conditions including,
but not limited to, restrictions on transferability of, or provisions for recovery of, the
shares acquired upon exercise of such Options (or proceeds of sale thereof), as the
Committee may prescribe in its discretion or as may be required by applicable law.

(ii) Restricted Stock.

     (A) The Committee may grant Awards of Restricted Stock, alone or in tandem with other
Awards under the Plan, subject to such restrictions, terms and conditions, as the Committee shall
determine in its sole discretion and as shall be evidenced by the applicable Award Agreement
(provided that any such Award is subject to the vesting requirements described herein). The
vesting of a Restricted Stock Award granted under the Plan may be conditioned upon the completion
of a specified period of employment or service with the Company or any Subsidiary or Affiliate,
upon the attainment of specified Performance Goals, and/or upon such other criteria as the
Committee may determine in its sole discretion. Notwithstanding the foregoing, if the vesting
condition for any Full Value Award (including Award of Restricted Stock), excluding any Full Value
Award made to a Grantee upon commencement of his employment, relates exclusively to the passage of
time and continued employment, such time period shall not be less than 36 months, with
thirty-three and one-third percent (33 1/3%) of the Award vesting every 12 months from the date of
the Award, subject to Sections 6(b)(ii)(E) and 7. If the vesting condition for any Full Value
Award (including Award of Restricted Stock), excluding any Full Value Award made to a Grantee upon
commencement of his employment, relates to the attainment of specified Performance Goals, such
Full Value Award shall vest over a performance period of not less than one (1) year, subject to
Sections 6(b)(ii)(E) and 7.

     (B) The Committee shall determine the price, which, to the extent required by law, shall not
be less than the par value of the Stock, to be paid by the Grantee for each share of Restricted
Stock or unrestricted stock or stock units subject to the Award. Each Award Agreement with respect
to such stock award shall set forth the amount (if any) to be paid by the Grantee with respect to
such Award and when and under what circumstances such payment is required to be made.

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     (C) The Company may provide that a certificate or certificates representing the shares
underlying a Restricted Stock Award shall be registered in the Grantee’s name and bear an
appropriate legend specifying that such shares are not transferable and are subject to the
provisions of the Plan and the restrictions, terms and conditions set forth in the applicable
Award Agreement, or that such certificate or certificates shall be held in escrow by the Company
on behalf of the Grantee until such shares become vested or are forfeited. Except as provided in
the applicable Award Agreement, no shares of Stock underlying a Restricted Stock Award may be
assigned, transferred, or otherwise encumbered or disposed of by the Grantee until such shares of
Stock have vested in accordance with the
terms of such Award.

     (D) If and to the extent that the applicable Award Agreement may so provide, a Grantee shall
have the right to vote and receive dividends on Restricted Stock granted under the Plan. Unless
otherwise provided in the applicable Award Agreement, any Stock received as a dividend on or in
connection with a stock split of the shares of Stock underlying a Restricted Stock Award shall be
subject to the same restrictions as the shares of Stock underlying such Restricted Stock Award.

     (E) Upon termination of employment with or service to the Company or any Affiliate or
Subsidiary of the Company (including by reason of such Subsidiary or Affiliate ceasing to be a
Subsidiary or Affiliate of the Company), during the applicable restriction period, Restricted Stock
shall be forfeited; provided, that the Committee may provide, by rule or regulation or in any Award
Agreement, or may determine in any individual case, that restrictions or forfeiture conditions
relating to Restricted Stock will be waived in whole or in part in the event of terminations
resulting from specified causes, and the Committee may in other cases waive in whole or in part the
forfeiture of Restricted Stock.

(iii) Other Stock-Based or Cash-Based Awards.

     (A) The Committee is authorized to grant Awards to Grantees in the form of Other
Stock-Based Awards or Other Cash-Based Awards, as deemed by the Committee to be consistent with the
purposes of the Plan. The Committee shall determine the terms and conditions of such Awards,
consistent with the terms of the Plan, at the date of grant or thereafter, including the
Performance Goals and performance periods. Stock or other securities or property delivered pursuant
to an Award in the nature of a purchase right granted under Section 6(iii) shall be purchased for
such consideration, paid for at such times, by such methods, and in such forms, including, without
limitation, Stock, other Awards, notes or other property, as the Committee shall determine, subject
to any required corporate action.

     (B) With respect to a Covered Employee, the maximum value of the aggregate payment that any
Grantee may receive with respect to Other Cash-Based Awards

Page A-12

 

pursuant to this Section 6(b)(iii) in
respect of any annual performance period is $15 million and for any other performance period in
excess of one year, such amount multiplied by a fraction, the numerator of which is the number of
months in the performance period and the denominator of which is twelve. No payment shall be made
to a Covered Employee prior to the certification by the Committee that the Performance Goals have
been attained. The Committee may establish such other rules applicable to the Other Stock- or
Cash-Based Awards to the extent not inconsistent with Section 162(m) of the Code.

     (C) Payments earned in respect of any Cash-Based Award may be decreased or, with respect
to any Grantee who is not a Covered Employee, increased in the sole discretion of the Committee
based on such factors as it deems appropriate. Notwithstanding the foregoing, any Awards may be
adjusted in accordance with Section 5(b) hereof.

7. Change in Control Provisions.

     (a) Unless otherwise determined by the Committee at the time of grant or evidenced in an
applicable Award Agreement or employment or other agreement, in the event that a Grantee’s
employment or service is terminated by the Company without Cause or by the Grantee for Good Reason,
in each case within eighteen (18) months following a Change in Control:

     (i) any Award carrying a right to exercise that was not previously vested and exercisable
shall become fully vested and exercisable and all outstanding Awards shall remain exercisable
for one (1) year following such date of termination of employment or service but in no event
beyond the original term of the Award and shall thereafter terminate; and

     (ii) the restrictions, deferral limitations, payment conditions, and forfeiture conditions
applicable to any Award other than an Award described in (i) granted under the Plan shall lapse
and such Awards shall be deemed fully vested, and any performance conditions imposed with
respect to Awards shall be deemed to be achieved at the higher of (x) the target level for the
applicable performance period or (y) the level of achievement of such performance conditions for
the most recently concluded performance period.

     (b) Notwithstanding the foregoing, in the event of a Change in Control, the Committee
shall have the discretion to:

     (i) accelerate the vesting or payment of any Award effective immediately upon the
occurrence of a Change in Control; or

     (ii) convert the vesting of performance-based Awards to a time-based vesting schedule as
deemed appropriate by the Committee;

in each case only to the extent that such action would not cause any Award to 

Page A-13

 

result in deferred
compensation that is subject to the additional twenty percent (20%) tax under Section 409A of
the Code.

     (c) A “Change in Control” shall be deemed to have occurred if the event set forth in any
one of the following paragraphs shall have occurred:

     (i) the acquisition by an individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership of any capital
stock of the Company if, after such acquisition, such Person beneficially owns (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) 40% or more of either (x) the
then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”)
or (y) the combined voting power of the then-outstanding securities of the Company entitled to
vote generally in the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that for purposes of this subsection (i), the following
acquisitions shall not constitute a Change in Control: (A) any acquisition directly by the
Company, (B) any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company, or (C) any acquisition
by any corporation pursuant to a Business Combination (as defined below) which complies with
clauses (x) and (y) of subsection (iii) of this definition; or

     (ii) such time as the Continuing Directors (as defined below) do not constitute a majority
of the Board (or, if applicable, the Board of Directors of a successor corporation to the
Company), where the term “Continuing Director” means at any date a member of the Board (x) who
was a member of the Board on November 9, 2006 or (y) who was nominated or elected subsequent to
such date by at least a majority of the directors who were Continuing Directors at the time of
such nomination or election or whose election to the Board was
recommended or endorsed by at least a majority of the directors who were Continuing
Directors at the time of such nomination or election; provided, however, that
there shall be excluded from this clause (y) any individual whose initial assumption of office
occurred as a result of an actual or threatened election contest with respect to the election or
removal of directors or other actual or threatened solicitation of proxies or consents, by or on
behalf of a person other than the Board; or

     (iii) the consummation of a merger, consolidation, reorganization, recapitalization or
share exchange involving the Company or a sale or other disposition of all or substantially all
of the assets of the Company in one or a series of transactions (a “Business Combination”),
unless, immediately following such Business Combination, each of the following two conditions is
satisfied: (x) all or substantially all of the individuals and entities who were the beneficial
owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more
than 60% of the then-outstanding shares of common stock and the combined voting power of the
then-outstanding securities entitled to vote generally in the election of directors,
respectively, of the resulting or acquiring corporation in

Page A-14

 

such Business Combination (which
shall include, without limitation, a corporation which as a result of such transaction owns the
Company or substantially all of the Company’s assets either directly or through one or more
subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring
Corporation”) in substantially the same proportions as their ownership of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, respectively, immediately prior
to such Business Combination and (y) no Person (excluding any employee benefit plan (or related
trust) maintained or sponsored by the Company or by the Acquiring Corporation) beneficially
owns, directly or indirectly, 40% or more of the then-outstanding shares of common stock of the
Acquiring Corporation, or of the combined voting power of the then-outstanding securities of
such corporation entitled to vote generally in the election of directors; or

     (iv) the approval by the stockholders of the Company of the complete liquidation or
dissolution of the Company.

     (d) The Committee may, in its sole discretion, provide in an Award Agreement or otherwise for
specific treatment of any outstanding Award in the event that any payment or benefit under this
Plan would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”) or
any interest or penalties with respect to such excise tax. Such treatment may include the payment
by the Company of a gross-up payment in an amount equal to such excise tax, interest and penalties
or the imposition of a cutback in payments or benefits.

     (e) Unless otherwise provided by the Committee or set forth in a Grantee’s Award Agreement,
notwithstanding the provisions of this Plan, in the event that any payment or benefit received or
to be received by the Grantee in connection with a Change in Control or the termination of the
Grantee’s employment or service (whether pursuant to the terms of this Plan or any other plan,
arrangement or agreement with the Company, any Subsidiary, any Affiliate, any Person whose actions
result in a Change in Control or any Person affiliated with the Company or such Person) (all such
payments and benefits, “‘Total Payments”) would be subject (in whole or part), to the Excise Tax,
then, after taking into account any reduction in the Total Payments provided by reason of section
280G of the Code in such other plan, arrangement or agreement, the payment or benefit to be
received by the Grantee upon a Change in Control shall be reduced to the extent necessary so that
no portion of the Total Payments is subject to the Excise Tax but only if the net amount of such
Total Payments, as so reduced (and after subtracting the net amount of federal, state and local
income taxes on such reduced Total Payments) is greater than or equal to the net
amount of such Total Payments without such reduction (but after subtracting the net amount of
federal, state and local income taxes on such Total Payments and the amount of Excise Tax to which
the Executive would be subject in respect of such unreduced Total Payments).

8. General Provisions.

     (a) Nontransferability, Deferrals and Settlements. Unless otherwise

Page A-15

 

determined by the
Committee or provided in an Award Agreement, Awards shall not be transferable by a Grantee except
by will or the laws of descent and distribution and shall be exercisable during the lifetime of a
Grantee only by such Grantee or his guardian or legal representative. If, and to the extent, so
determined by the Committee, the Options granted under the Plan may be transferred either for or
without consideration; provided, however, that any contemplated program resulting in the transfer
of options for consideration to third parties in excess of one percent (l%) of Stock outstanding
shall be subject to shareholder approval prior to any such transfer. Any Option which is
transferable for consideration shall be counted as a Full Value Award under the Plan’s Share Limit.
Any Award shall be null and void and without effect upon any attempted assignment or transfer,
except as herein provided, including without limitation any purported assignment, whether voluntary
or by operation of law, pledge, hypothecation or other disposition, attachment, divorce, trustee
process or similar process, whether legal or equitable, upon such Award. The Committee may require
or permit Grantees to elect to defer the issuance of shares of Stock, or the settlement of Awards
in cash under such rules and procedures as established under the Plan to the extent that such
deferral complies with Section 409A of the Code and any regulations or guidance promulgated
thereunder. It may also provide that deferred settlements include the payment or crediting of
interest on the deferral amounts.

     (b) No Right to Continued Employment, etc. Nothing in the Plan or in any Award granted or any
Award Agreement, promissory note or other agreement entered into pursuant hereto shall confer upon
any Grantee the right to continue in the employ or service of the Company, any Subsidiary or any
Affiliate or to be entitled to any remuneration or benefits not set forth in the Plan or such Award
Agreement, promissory note or other agreement or to interfere with or limit in any way the right of
the Company or any such Subsidiary or Affiliate to terminate such Grantee’s employment or service.

     (c) Taxes. The Company or any Subsidiary or Affiliate is authorized to withhold from any Award
granted, any payment relating to an Award under the Plan, including from a distribution of Stock,
or any other payment to a Grantee, amounts of withholding and other taxes due in connection with
any transaction involving an Award, and to take such other action as the Committee may deem
advisable to enable the Company and Grantees to satisfy obligations for the payment of withholding
taxes and other tax obligations relating to any Award. This authority shall include authority to
withhold or receive Stock or other property with a Fair Market Value not in excess of the minimum
amount required to be withheld and to make cash payments in respect thereof in satisfaction of a
Grantee’s tax obligations.

     (d) Stockholder Approval; Amendment and Termination. The Plan shall take effect
on the Effective Date but the Plan (and any grants of Awards made prior to the stockholder
approval mentioned herein) shall be subject to the requisite approval of the stockholders of the
Company, which approval must occur within twelve (12) months of the date that the Plan is adopted
by the Board. In the event that the stockholders of the Company do not ratify the Plan at a meeting
of the

Page A-16

 

stockholders at which such issue is considered and voted upon, then upon such event the Plan
and all rights hereunder shall immediately terminate and no Grantee (or any permitted transferee
thereof) shall have any remaining rights under the Plan or any Award Agreement entered into in
connection herewith. The Board or the Committee may amend, alter or discontinue the Plan, but no
amendment, alteration, or discontinuation shall be made that would impair the rights of a Grantee
under any Award theretofore granted without such Grantee’s consent, or that without the approval of
the stockholders (as described below) would, except as provided in Section 5, increase the total
number of shares of Stock reserved for the purpose of the Plan. In addition, stockholder approval
shall be required with respect to any amendment that materially increases benefits provided under
the Plan or materially alters the eligibility provisions of the Plan. Unless earlier terminated by
the Board pursuant to the provisions of the Plan, the Plan shall terminate on the tenth anniversary
of its Effective Date. No Awards shall be granted under the Plan after such termination date.

     (e) No Rights to Awards; No Stockholder Rights. No Grantee shall have any claim to be granted
any Award under the Plan, and there is no obligation for uniformity of treatment of Grantees.
Except as provided specifically herein, a Grantee or a transferee of an Award shall have no rights
as a stockholder with respect to any shares covered by the Award until the date of the issuance of
a stock certificate to him for such shares.

     (f) Unfunded Status of Awards. The Plan is intended to constitute an “unfunded” plan for
incentive and deferred compensation. With respect to any payments not yet made to a Grantee
pursuant to an Award, nothing contained in the Plan or any Award shall give any such Grantee any
rights that are greater than those of a general creditor of the Company.

     (g) No Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant
to the Plan or any Award. The Committee shall determine whether cash, other Awards, or other
property shall be issued or paid in lieu of such fractional shares or whether such fractional
shares or any rights thereto shall be forfeited or otherwise eliminated.

     (h) Regulations and Other Approvals.

     (i) The obligation of the Company to sell or deliver Stock with respect to any Award
granted under the Plan shall be subject to all applicable laws, rules and regulations, including
all applicable federal and state securities laws, and the obtaining of all such approvals by
governmental agencies as may be deemed necessary or appropriate by the Company.

     (ii) Each Award is subject to the requirement that, if at any time the Company determines,
in its absolute discretion, that the listing, registration or qualification of Stock issuable
pursuant to the Plan is required by any securities exchange or under any state or federal law,
or the consent or approval of any

Page A-17

 

governmental regulatory body is
necessary or desirable as a condition of, or in connection with, the grant of an Award or
the issuance of Stock, no such Award shall be granted or payment made or Stock issued, in whole
or in part, unless listing, registration, qualification, consent or approval has been effected
or obtained free of any conditions not acceptable to the Company.

     (iii) In the event that the disposition of Stock acquired pursuant to the Plan is not
covered by a then current registration statement under the Securities Act of 1933, as amended
(the “Securities Act”), and is not otherwise exempt from such registration, such Stock shall be
restricted against transfer to the extent required by the Securities Act or regulations
thereunder, and the Committee may require a Grantee receiving Stock pursuant to the Plan, as a
condition precedent to receipt of such Stock, to represent to the Company in writing that the
Stock acquired by such Grantee is acquired for investment only and not with a view to
distribution.

     (i) Governing Law. The Plan and all determinations made and actions taken pursuant hereto
shall be governed by the laws of the State of Delaware without giving effect to the conflict of
laws principles thereof.

Page A-18EX-10.11

 

EXHIBIT 10.11

FISHER SCIENTIFIC INTERNATIONAL INC.

2005 EQUITY AND INCENTIVE PLAN, AS AMENDED FOR AWARDS

GRANTED ON OR AFTER NOVEMBER 9, 2006

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

     THIS AGREEMENT is made by and between THERMO FISHER SCIENTIFIC INC., a Delaware corporation
(the “Company”), and [___], (“Optionee”), as of [___].

RECITALS

     A. The Company has adopted and approved the Fisher Scientific International Inc. 2005 Equity
and Incentive Plan, as amended for awards granted on or after November 9, 2006 (the “Plan”), a copy
of which is attached to this Agreement; and

     B. The Committee appointed to administer the Plan has determined that Optionee is eligible to
participate in the Plan and that it would be to the advantage and best interest of the Company and
its stockholders to grant the Option provided for herein to Optionee; and

     C. This Agreement is prepared in conjunction with and under the terms of the Plan. Terms used
herein but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan;
and

     D. Optionee has accepted the grant of the Option and agreed to the terms and conditions
hereinafter stated.

     NOW THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS AND OF THE PROMISES AND CONDITIONS
HEREIN CONTAINED, IT IS AGREED AS FOLLOWS:

ARTICLE I

GRANT OF OPTION

Section 1.1 — Grant of Option.

     Subject to the provisions of this Agreement, the provisions of the Plan, the provisions of the
Company’s current agreement relating to intellectual property, confidential information,
competitive activities, non-solicitation and dispute resolution in effect at the time between the
Company and [          ], the Company has granted

 

 

effective [___] (the “Grant Date”)
to Optionee the right and option to purchase all or any part of [ ] shares of common stock,
par value $1.00 per share (“Stock”), of the Company. The Option granted pursuant to this Agreement
is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”).

Section 1.2 — Exercise Price.

     The exercise price of the Option shall be $[ ] per share of Stock subject to the Option.

ARTICLE II

VESTING AND EXERCISABILITY

Section 2.1 — Vesting and Exercisability.

     (i) Vesting Schedule. Except as otherwise provided herein or in the Plan, the Option shall
become 100 percent vested three years from the date of grant, if Optionee has continuously provided
services to the Company, a Subsidiary or Affiliate or has been continuously employed by the
Company, a Subsidiary or Affiliate until such date. Prior to becoming 100 percent vested, the
Option shall become exercisable in three cumulative installments as follows and shall remain
exercisable until the seventh anniversary of the date of grant (the “Option Term”), subject to the
forfeiture provisions set forth in Section 2.2(a):

	 	 	 	 	 
	 	 	 	 	Date First Available
	%	 	Number of Shares	 	For Exercise
	[ ]%

	 	[ ]
	 	[ ]
	[ ]%

	 	[ ]
	 	[ ]
	[ ]%

	 	[ ]
	 	[ ]

     (ii) Accelerated Vesting. If the Optionee’s employment or service terminates because of
Optionee’s death or Disability during the Option Term, the Option shall become 100 percent vested
and exercisable (regardless of the extent to which such Option was then vested) as of the date of
termination of the Optionee’s employment or service.

Section 2.2
— Expiration of Option.

     (a) Except as set forth herein or in subsections (b), (c), (d) or (e) below, an Option may not
be exercised unless the Optionee is then in the employ of, maintains an independent contractor
relationship with, or is a director of, the Company or a Subsidiary

 

 

or an Affiliate (or a company
or a parent or subsidiary company of such company issuing or assuming the Option in a transaction
to which Section 424(a) of the Code applies), and unless the Optionee has remained continuously so
employed, or continuously maintained such relationship, since the date of grant of the Option.

     (b) If the Optionee’s employment or service terminates because of Optionee’s death or
Disability, all of the Optionee’s Options (regardless of the extent to which such Options are then
exercisable) shall be exercisable as of such date of termination and remain outstanding until the
earlier of (i) one (1) year from the date of termination or (ii) the expiration of the term of the
Option.

     (c) If the Optionee’s employment or service terminates upon the Optionee’s retirement from the
Company or a Subsidiary or an Affiliate prior to the expiration of the term of
the Option then, subject to Section 2.2(e) below, this option shall vest and become 100%
exercisable upon the date of such retirement and the right to exercise this option shall terminate
eighteen months following such date (but in no event after the expiration of the term of the
Option), provided that the retirement date occurs at least one year after the date of
grant. For the purposes of this Agreement, an Optionee shall be deemed to have “retired” (i) in
the event of a non-employee director of the Company, when he or she ceases to be a director of the
Company and (ii) in the event of an employee of the Company or a Subsidiary or an Affiliate, upon
his or her resignation from employment with the Company or a Subsidiary or an Affiliate either (A)
after the age of 55 and the completion of 10 continuous years of service to the Company or a
Subsidiary or an Affiliate comprising at least 20 hours per week or (B) after the age of 60 and the
completion of 5 continuous years of service to the Company or a Subsidiary or an Affiliate
comprising at least 20 hours per week.

     (d) If the Optionee’s employment or service is terminated for Cause, all vested and unvested
outstanding Options granted to such Optionee shall terminate on the date of the Optionee’s
termination of employment or service.

     (e) If the Optionee’s employment or service with the Company and its Affiliates and
Subsidiaries terminates (including by reason of the Affiliate or Subsidiary which employs the
Optionee ceasing to be an Affiliate or Subsidiary of the Company) other than as described in
subsections (b), (c) and (d) above, the portions of outstanding Options granted to the Optionee
that are exercisable as of the date of such termination of employment or service shall remain
exercisable until the earlier of (i) three (3) months following the date of such termination of
employment or service and (ii) expiration of the term of the Option and shall thereafter terminate.
All additional portions of outstanding Options granted to such Optionee which are not exercisable
as of the date of such termination of employment or service, shall terminate upon the date of such
termination of employment or service.

 

 

ARTICLE III

EXERCISE OF OPTION

Section 3.1 — Manner of Exercise.

     (a) The Option, to the extent then vested and exercisable, shall be exercisable by delivery to
the Company of a notice in form acceptable to the Company stating the number of shares as to which
the Option is exercised pursuant to this Agreement and a designation of the method of payment of
the exercise price with respect to Stock to be purchased.

     (b) The exercise price of the Option, or portion thereof, with respect to Stock to be
purchased, shall be paid in full at the time of exercise; payment may be made in cash, which may be
paid by check, or other instrument or in any other manner acceptable to the Company. In addition,
any amount necessary to satisfy applicable federal, state or local tax requirements shall be paid
promptly upon notification of the amount due. The Company may permit, in its sole discretion, such
amounts to be paid in Stock previously owned by the employee, or a portion of Stock that otherwise
would be distributed to such employee upon exercise of the Option, or a combination of cash and
such Stock.

ARTICLE IV

MISCELLANEOUS

Section 4.1 — Transferability of Option.

     Unless the Committee determines otherwise, the Option is nontransferable except by will or the
laws of descent and distribution.

Section 4.2 — Taxes and Withholdings.

     Not later than the date of exercise of the Option granted hereunder, Optionee shall pay to the
Company or make arrangements satisfactory to the Company regarding payment of any federal, state or
local taxes of any kind required by law to be withheld upon the exercise of such Option. The
Company shall, to the extent permitted or required by law, have the right to deduct from any
payment of any kind otherwise due to Optionee any obligations due to the Company and federal,
state, and local taxes of any kind required by law to be withheld upon the exercise of such option.

Section 4.3 — Restrictive Covenants.

     If the Optionee engages in any conduct in breach of any noncompetition, nonsolicitation
or confidentiality obligations to the Company under any agreement, policy or plan (including the
Company’s current agreement relating to intellectual property, confidential information,
competitive activities, non-solicitation and dispute resolution in effect at the time), then such
conduct shall also be deemed to be a breach of

 

 

the terms of the Plan and this Agreement. Upon such
breach the Option shall be cancelled and, if and to the extent the Option was exercised within a
period of 12 months prior to such breach, the Optionee shall be required to return to the Company,
upon demand, any cash or equity acquired by Optionee upon such exercise or sale.

Section 4.4 — Governing Law.

     This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware. The Committee shall have final authority to interpret and construe the Plan and this
Agreement and to make any and all determinations under them, and its decision shall be binding and
conclusive upon the Optionee and the Optionee’s legal representative in respect of any questions
arising under the Plan or this Agreement.

Section 4.5 — Effect of Agreement.

     Except as otherwise provided hereunder, this Agreement shall be binding upon and shall inure
to the benefit of any successor or successors of the Company.

Section 4.6 — Conflicts and Interpretations.

     In the event of any ambiguity in this Agreement, any term which is not defined in this
Agreement or any matters as to which this Agreement is silent, the Plan shall govern.

Section 4.7 — Amendment.

     This Agreement may not be amended in any manner except by an instrument in writing signed by
both parties hereto. The waiver by either party of compliance with any provision of this Agreement
shall not operate or be construed as a waiver of any other provision of this Agreement or of any
subsequent breach of such party of a provision of this Agreement.

(Remainder of page intentionally left blank)

 

 

     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by
a duly authorized officer and Optionee has hereunto set Optionee’s hand.

	 	 	 	 	 	 	 
	 	 	 	 	THERMO FISHER SCIENTIFIC INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	BY:	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 
	 	 
	Signature of Optionee:
	 	 	 	 	 	 
	[                      ]

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 
	 	 
	Address
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 
	 	 
	Social Security Number

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