Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) made this 26th day of April, 2011 between PerkinElmer, Inc., a Massachusetts corporation (hereinafter called the “Company”), and Andrew Okun (hereinafter referred to as the “Employee”). 

WITNESSETH: 
 WHEREAS, the Company wishes to employ the Employee in a management position; and 

WHEREAS, the Employee hereby agrees to the compensation herein provided and agrees to serve the Company to the best of his ability during
the period of this Agreement. 
 NOW, THEREFORE, in consideration of the sum of One Dollar, and of the mutual covenants herein
contained, the parties agree as follows: 
  

									
	1.	  	(a)	  	 Except as hereinafter otherwise provided, the Company agrees to employ the employee in a management position with the
Company, and the Employee agrees to remain in the employment of the Company in that capacity for a period of one
 year from the date hereof and
from year to year thereafter until such time as this Agreement is terminated in accordance with Paragraph 5.

			
		  	(b)	  	The Company will, during each year of the term of this Agreement, place in nomination before the Board of Directors of the Company the name of the Employee for election
as an Officer of the Company except when a notice of termination has been given in accordance with Paragraph 5(b).
		
	2.	  	The Employee agrees that, during the specified period of employment, he shall, to the best of his ability, perform his duties, and shall devote his full business
time, best efforts, business judgment, skill and knowledge to the advancement of the Company and its interests and to the discharge of his duties and responsibilities hereunder. The Employee shall not engage in any business, profession or occupation
which would conflict with the rendition of the agreed-upon services, either directly or indirectly, without the prior approval of the Board of Directors, except for personal investment, charitable and philanthropic activities.
		
	3.	  	During the period of his employment under this Agreement, the Employee shall be compensated for his services as follows:
			
		  	(a)	  	 Except as otherwise provided in this Agreement, he shall be paid a salary during the period of this Agreement at a base rate
to be determined by the Company on an annual basis. Except as provided in Paragraph 3(d), such annual base salary
 shall under no circumstances
be fixed at a rate below the annual base rate then currently in effect;

	
	Employment Agreement

									
			
		  	(b)	  	He shall be reimbursed for any and all monies expended by him in connection with his employment for reasonable and necessary expenses on behalf of the Company in
accordance with the policies of the Company then in effect;
			
		  	(c)	  	He shall be eligible to participate under any and all bonus, benefit, pension, compensation, and equity and incentive plans which are, in accordance with Company policy
and the terms of the plan, available to persons in his position (within the limitation as stipulated by such plans). Such eligibility shall not automatically entitle him to participate in any such plan;
			
		  	(d)	  	If, because of adverse business conditions or for other reasons, the Company at any time puts into effect salary reductions applicable at a single rate to all management
employees of the Company generally, the salary payments required to be made under this Agreement to the Employee during any period in which such general reduction is in effect may be reduced by the same percentage as is applicable to all management
employees of the Company generally. Any benefits made available to the Employee which are related to base salary shall also be reduced in accordance with any salary reduction.
			
	4.	  	(a)	  	So long as the Employee is employed by the Company and for a period of one year after the termination or expiration of employment, the Employee will not directly or
indirectly: (i) as an individual proprietor, partner, stockholder, officer, employee, director, joint venturer, investor, lender, or in any other capacity whatsoever (other than as the holder of not more than one percent (1%) of the total
outstanding stock of a publicly held company), engage directly or indirectly in any business or entity which competes with the business conducted by the Company or its affiliates in any city or geographic area in which the Company or its affiliates
conduct material operations at the time of termination of employment under this Agreement, except as approved in advance by the Board after full and adequate disclosure; or (ii) recruit, solicit or induce, or attempt to induce, any employee or
employees or consultant or consultants of the Company to terminate their employment with, to otherwise cease their relationship with, the Company; or (iii) solicit, divert or take away, or attempt to divert or to take away, the business or patronage
of any of the clients, customers or accounts, of the Company.
			
		  	(b)	  	If any restriction set forth in this Paragraph 4 is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or
over too great a range of activities or in too broad a geographical area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable.
			
		  	(c)	  	The restrictions contained in this Paragraph 4 are necessary for the protection of the business and goodwill of the Company and are considered by the Employee to be
reasonable for such purpose. The Employee agrees that any breach of this Paragraph 4 will cause the Company substantial and irrevocable damage and therefore, in the event of any such breach, in addition to such other remedies which may be available,
the Company shall have the right to seek specific performance and injunctive relief.

  

	
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		  	(d)	  	The Employee agrees to sign and be bound by the Employee Patent and Proprietary Information Utilization Agreement in the form attached hereto.
			
		  	(e)	  	During the period of his employment by the Company or for any period during which the Company shall continue to pay the Employee his salary under this Agreement,
whichever shall be longer, the Employee shall not in any way whatsoever aid or assist any party seeking to cause, initiate or effect a Change in Control of the Company as defined in Paragraph 6 without the prior approval of the Board of
Directors.
		
	5.	  	Except for the Employee covenants set forth in Paragraph 4, which covenants shall remain in effect for the periods stated therein, and subject to Paragraph 6, this
Agreement shall terminate upon the happening of any of the following events and (except as provided herein) all of the Company’s obligations under this Agreement, including, but not limited to, making payments to the Employee shall cease and
terminate:
			
		  	(a)	  	On the effective date set forth in any resignation submitted by the Employee and accepted by the Company, or if no effective date is agreed upon, the date of receipt by
the Company of such resignation letter;
			
		  	(b)	  	On the date set forth in a written notice of termination given by the Company to the Employee (the “Paragraph 5(b) Termination Date”);
			
		  	(c)	  	At the death of the Employee;
			
		  	(d)	  	At the termination of the Employee for cause. As used in the Agreement, the term “cause” shall mean:
				
		  		  	(i)	  	Misappropriating any funds or property of the Company;
				
		  		  	(ii)	  	Unreasonable refusal to perform the duties assigned to him under this Agreement;
				
		  		  	(iii)	  	Conviction of a felony;
				
		  		  	(iv)	  	Continuous conduct bringing notoriety to the Company and having an adverse effect on the name or public image of the Company;
				
		  		  	(v)	  	Violation of the Employee’s covenants as set forth in Paragraph 4 above; or
				
		  		  	(vi)	  	Continued failure by the Employee to observe any of the provisions of this Agreement after being informed of such
breach.

  

	
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	Employment Agreement

									
			
		  	(e)	  	Twelve months after written notice of termination (a “Disability Termination Notice”) is given by the Company to the Employee based on a determination by the
Board of Directors that the Employee is disabled (which, for purposes of this Agreement, shall mean that the Employee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that
can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, with such determination to be made by the Board of Directors, in reliance upon the opinion of the Employee’s physician or upon
the opinion of one or more physicians selected by the Company). A Disability Termination Notice shall be deemed properly delivered if given by the Company to the Employee on the 180th day of continuous disability of the Employee. Notwithstanding the
foregoing, if, during the twelve- month period following proper delivery of a Disability Termination Notice as aforesaid, the Employee is no longer disabled and is able to return to work, such Disability Termination Notice shall be deemed
automatically rescinded upon the Employee’s return to work, and the employment of the Employee shall continue in accordance with the terms of this Agreement. During the first 180 days of continuous disability of the Employee, the Company will
make monthly payments to the Employee in an amount equal to the difference between his base salary and the benefits received by the Employee under the Company’s Short-Term Disability Income Plan. During the twelve-month period following proper
delivery of a Disability Termination Notice as aforesaid, the Company will make monthly payments to the Employee in an amount equal to the difference between his base salary and the benefits provided by the Company’s Long-Term Disability Plan.
If any payments to the Employee under the Company’s Long-Term Disability Plan are not subject to federal income taxes, the payments to be made directly by the Company pursuant to the preceding sentence shall be reduced such that the total
amount received by the Employee (from the Company and from the Long-Term Disability Plan), after payment of any income taxes, is equal to the amount that the Employee would have received had he been paid his base salary, after payment of any income
taxes on such base salary.
			
		  	(f)	  	In the event of the termination of the Employee by the Company pursuant to Paragraph 5(b) above, and subject to the Employee’s full execution of a severance
agreement and release drafted by and satisfactory to counsel for the Company, the Employee shall, for a period of one year from the Paragraph 5(b) Termination Date, (i) continue to receive his Full Salary (as defined below), which shall be payable
in accordance with the payment schedule in effect immediately prior to his employment termination, and (ii) continue to be entitled to participate in all employee benefit plans and arrangements of the Company (such as life, health and disability
insurance and automobile arrangements but excluding qualified retirement plans, incentive arrangements and grants of equity awards) to the same extent (including coverage of dependents, if any) and upon the same terms as were in effect immediately
prior to his termination. For purposes of this Agreement, “Full Salary” shall mean the Employee’s annual base salary, plus the amount of any bonus or incentive payments (excluding payments under
the

  

	
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		  		  	Company’s long-term incentive program) earned or received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive
payments (excluding payments under the Company’s long-term incentive program) to be made have been made.
			
		  	(g)	  	In the event of a termination of employment pursuant to Paragraph 5(a), (c) or (d), the Company shall pay the Employee his base salary through the date of termination of
employment. The Employee shall not be entitled to receive any bonus payment or other additional compensation beyond his date of termination.
			
	6.	  	(a)	  	In the event of a Change in Control of the Company (as defined below),
				
		  		  	(i)	  	The provisions of this Agreement shall be amended as follows:
					
		  		  		  	(A)	  	Paragraph l(a) shall be amended to read in its entirety as follows:
					
		  		  		  		  	“Except as hereinafter otherwise provided, the Company agrees to continue to employ the Employee in a management position with the Company, and the Employee agrees to remain in
the employment in the Company in that capacity, for a period of three (3) years from the date of the Change in Control. Except as provided in Paragraph 3(d), the Employee’s salary as set forth in Paragraph 3(a) and his other employee benefits
pursuant to the plans described in Paragraph 3(c) shall not be decreased during such period.”
					
		  		  		  	(B)	  	Paragraph 5(a) shall be amended by the addition of the following provision at the end of such paragraph:
					
		  		  		  		  	“provided that the Employee agrees not to resign, except for Good Reason (as defined below), during the one-year period following the date of the Change in
Control.”
					
		  		  		  	(C)	  	Paragraph 5(b) shall be deleted in its entirety.
					
		  		  		  	(D)	  	Paragraph 5(f) shall be amended to read in its entirety as follows:
					
		  		  		  		  	“Notwithstanding the foregoing provisions, if, within 36 months following the occurrence of a Change in Control, the Employee’s employment by the Company is terminated (i)
by the Company other than for Cause, which shall not include any failure to perform his duties hereunder after giving notice or termination for Good Reason, disability or death or (ii) by the Employee for Good Reason,

  

	
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		  		  		  		  	(A) the Company shall pay to the Employee, on the date of his employment termination a lump sum cash payment in an amount equal to the sum of (x) his unpaid base salary through the
date of termination, (y) a pro rata portion of his prior year’s bonus and (z) his Full Salary (as defined below) multiplied by one (provided, however, that if the Change in Control is not described in Section 409(a)(2)(v) of the Internal
Revenue Code of 1986, as amended (the “Code”) or if the termination occurs after the second anniversary of the Change in Control, such payment shall be made on the same schedule as provided in Paragraph 5(f) prior to the application of
this Paragraph 6), (B) the Employee shall for 12 months following such termination of employment be eligible to participate in all employee benefit plans and arrangements of the Company (such as life, health and disability insurance and automobile
arrangements but excluding qualified retirement plans, incentive arrangements and grants of equity awards) to the same extent (including coverage of dependents, if any) and upon the same terms as were in effect immediately prior to the Change in
Control to the extent the Employee was then eligible to participate in such benefit plans and arrangements of the Company, and (C) the Employee’s outstanding restricted stock, option awards, or similar equity awards shall fully vest, and the
vested option awards shall remain exercisable through the period ending on the earlier of: (I) the later of (x) the third anniversary of the Change in Control or (y) the first anniversary of the date the Employee’s employment with the Company
terminates, or (II) the expiration of the original term of the option. For purposes of this Agreement, “Full Salary” shall mean the Employee’s then current annual base salary, plus the amount of any bonus or incentive payments
(excluding the cash portion of the Company’s long-term incentive program) received by the Employee with respect to the last full fiscal year of the Company prior to the Change in Control for which all bonus or incentive payments (excluding the
cash portion of the Company’s long-term incentive program) to be made have been made.”

  

	
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		  		  		  	(E)	  	Paragraph 8 shall be amended to read in its entirety as follows:
					
		  		  		  		  	“The Employee may pursue any lawful remedy he deems necessary or appropriate for enforcing his rights under this Agreement following a Change in Control of the Company, and all
costs incurred by the Employee in connection therewith (including without limitation attorneys’ fees) shall be promptly reimbursed to him by the Company, regardless of the outcome of such endeavor.”
				
		  		  	(ii)	  	The Company will make the payments under this Agreement without regard to whether the deductibility of such payments (or any other payments or benefits) would be
limited or precluded by Section 280G of the Code and without regard to whether such payments would be subject to the federal excise tax levied on certain “excess parachute payments” under Section 4999 of the Code; provided, however, that
if the Total After-Tax Payments (as defined below) to the Employee would be increased by the reduction or elimination of any payment and/or other benefit (including the vesting of equity awards) under this Agreement or otherwise, then the amounts
payable under this Agreement or otherwise will be reduced or eliminated in the following order unless otherwise determined by the Company: (A) nonacceleration of any stock options whose exercise price is at or above the fair market value of the
stock as of the change in control date for purposes of Section 280G of the Code (taking into account, as appropriate, the proceeds that would be received in connection with the event covered by Section 4999 of the Code), (B) nonacceleration of any
stock options not described in clause (A) above, (C) any vesting or distribution of restricted stock or restricted stock units and (D) any cash or taxable benefits. Within each category described in clauses (A), (B), (C) or (D), reductions or
eliminations shall be made as determined by the Company in reverse order beginning with vesting or payments that are to be paid the farthest in time from the date of the event covered by Section 4999 of the Code.
				
		  		  		  	The Company’s independent, certified public accounting firm will determine whether and to what extent payments or vesting under this Agreement or otherwise are
required to be reduced in accordance with the preceding paragraph. For purposes of this Agreement, “Total After-Tax Payments “means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code)
made to or for the benefit of the Employee (whether made under the Agreement or otherwise), after reduction for all applicable federal and state taxes (including the tax described in Section 4999 of the Code).
			
		  	(b)	  	For purposes of this Agreement, a “Change in Control of the Company” means an event or occurrence set forth in any one or more of clauses (i) through (iv)
below (including an event or occurrence that constitutes a Change in Control under one or such clauses but is specifically exempted from another such clause):

  

	
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		  		  	(i)	  	the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) (a “Person”) of beneficial ownership of any capital stock or the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 20% or more
of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) 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 paragraph (i), none of the following acquisitions of Outstanding Company Common Stock or Outstanding Company Voting Securities shall
constitute a Change in Control: (I) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or exchangeable for common stock or voting
securities of the Company, unless the Person exercising, converting or exchanging such security acquired such security directly from the Company or an underwriter or agent of the Company), (II) any acquisition by the Company, (III) any acquisition
by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or (IV) any acquisition by any corporation pursuant to a transaction which complies with subclauses (A) and (B) of
clause (iii) of this Paragraph 6(b); 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 (A) who was a member of the Board on the date of the execution of this Agreement or (B) 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 (B) 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 statutory share exchange involving the Company or a sale or other disposition of all
or substantially all of the assets of the

  

	
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		  		  		  	Company (a “Business Combination”), unless, immediately following such Business Combination, each of the following two conditions is satisfied: (A) 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 50% 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 surviving, resulting or acquiring
corporation in 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 other
entities) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Company
Stock and Outstanding Company Voting Securities, respectively; and (B) no Person beneficially owns, directly or indirectly, 20% 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 (except to the extent that such ownership existed prior to the Business Combination); or
				
		  		  	(iv)	  	approval by the stockholders of the Company or a complete liquidation or dissolution of the Company.
			
		  	(c)	  	For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following events: (i) a material diminution in the Employee’s base
salary except as provided in Paragraph 3(d); (ii) a failure by the Company to pay annual cash bonuses to the Employees in an amount at least equal to the most recent annual cash bonuses paid to the Employee; (iii) a failure by the Company to
maintain in effect any material compensation or benefit plan in which the Employee participated immediately prior to the Change in Control, unless an equitable arrangement has been made with respect to such plan, or a failure to continue the
Employee’s participation therein on a basis not materially less favorable than existed immediately prior to the Change in Control; (iv) any material diminution in the Employee’s position, duties, authorities, responsibilities or title as
in effect immediately prior to the Change in Control; (v) any requirement by the Company that the location at which the Employee performs his principal duties be changed to a new location outside a radius of 25 miles from the Employee’s
principal place of employment immediately prior to the Change in Control; or (vi) the failure of the Company to obtain the agreement, in a form reasonably satisfactory to the Employee, from any successor to the Company to assume and agree to perform
this Agreement. The Employee shall provide notice to the Company of the existence of the condition upon which

  

	
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		  		  	Employee bases his claim for Good Reason within 90 days of the initial existence of the condition. As a condition to a termination for Good Reason, if the condition
is capable of being corrected, the Company shall have 30 days during which it may remedy the condition. If the condition is fully remedied with such time period there shall be no “Good Reason” and the Company shall not owe the amounts
otherwise required to be paid under Paragraph 5, as amended by this Paragraph 6, in connection with the termination. The Employee’s right to terminate his employment for Good Reason shall not be affected by his incapacity due to physical or
mental illness.
		
	7.	  	Neither the Employee nor, in the event of his death, his legal representative, beneficiary or estate, shall have the power to transfer, assign, mortgage or otherwise
encumber in advance any of the payments provided for in this Agreement, nor shall any payments nor assets or funds of the Company be subject to seizure for the payment of any debts, judgments, liabilities, bankruptcy or other
actions.
		
	8.	  	Any controversy relating to this Agreement and not resolved by the Board of Directors and the Employee shall be settled by arbitration in the City of Boston,
Commonwealth of Massachusetts, pursuant to the rules then obtaining of the JAMS, and judgment upon the award may be entered in any court having jurisdiction, and the Board of Directors and Employee agree to be bound by the arbitration decision on
any such controversy. Unless otherwise agreed by the parties hereto, arbitration will be by an arbitrator selected from the panel of the JAMS. The full cost of any such arbitration shall be borne by the Company.
		
	 9.
	  	Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor
shall any waiver or relinquishment of any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times by either party.
		
	10.	  	All notices or other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally to the Employee or to the General
Counsel of the Company or when mailed by registered or certified mail to the other party (if to the Company, at 940 Winter Street, Waltham, Massachusetts 02451, attention General Counsel; if to the Employee, at the last known address of the Employee
as set forth in the records of the Company).
		
	11.	  	This Agreement has been executed and delivered and shall be construed in accordance with the laws of the Commonwealth of Massachusetts. This Agreement is and shall be
binding on the respective legal representatives or successors of the parties, but shall not be assignable except to a successor to the Company by virtue of a merger, consolidation or acquisition of all or substantially all of the assets of the
Company. This Agreement constitutes and embodies the entire understanding and agreement of the parties and, except as otherwise provided herein, there are no other agreements or understandings, written or oral, in effect between the parties hereto
relating to the employment of the Employee by the Company. All previous employment contracts between the Employee and the Company or any of the Company’s present or former subsidiaries or affiliates is hereby canceled and of no
effect.

  

	
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	 12.
	  	The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or
assets of the Company to assume expressly in writing and to agree to perform its obligations under this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.
Failure of the Company to obtain an assumption of this Agreement prior to the effectiveness of succession shall be a breach of this Agreement. As used in this Agreement, “the Company” shall mean the Company as defined above and any
successor to its business or assets as aforesaid which assumes and agrees to perform this Agreement, whether by operation of law, or otherwise.
		
	 13.
	  	The parties intend that payments made pursuant to this Agreement be either exempt from, or compliant with, Section 409A of the Code and the regulations promulgated
thereunder (“Section 409A”), so as not to be subject to the excise tax thereunder. Accordingly, the following provisions shall apply to payments pursuant to this Agreement, notwithstanding any provision to the contrary contained in this
Agreement:
			
		  	(a)	  	Any medical, dental, prescription drug, or other health benefits (collectively, the “Medical Benefits”) that may be required to be provided by the Company
under Paragraphs 5 or 6 and that are provided under a so-called “self-insured” benefit plan which is subject to Section 105(h) of the Code (or to similar rules pursuant to provisions of the Patient Protection Affordable Care Act) shall
instead be structured so that on or about the first day of each month for which coverage is to be provided the Company shall pay to the Employee an amount in cash sufficient to cover the Company’s share of the applicable premium for the Medical
Benefits coverage for that month. The Employee’s premium payments to the Company for Medical Benefits shall be due on the last day of the month to which the coverage relates. The parties intend that the first 18 months of Medical Benefits
coverage shall be exempt from the application of Section 409A, and that any remaining payments by the Company for Medical Benefits shall be considered in compliance with Section 409A;
			
		  	(b)	  	Any payment of “reimbursements” by the Company to the Employee, any payment of “in-kind benefits” from the Company to the Employee, and any
“direct service recipient payments” made by the Company on the Employee’s behalf for a “limited period of time” (in each case as those terms are used for purposes of Section 409A) shall be exempt from the application of
Section 409A;
			
		  	(c)	  	Except as provided in Paragraphs 13(a) or (b) above, or Paragraph 13(e) below, the remainder of all other payments or benefits that are to be paid or provided by the
Company to the Employee under Paragraphs 5 or 6 shall be paid or provided in accordance with the schedules set forth in Paragraphs 5 or 6, or if none, in accordance with the schedules set forth in the underlying employee benefit plans and
arrangements. Each payment on a payroll date and each monthly payment

  

	
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		  		  	under Paragraphs 5 and 6 shall be deemed to be a “separate payment” as that term is used for purposes of Section 409A, including the exemptions from Section
409A;
			
		  	(d)	  	The payments that are to be paid by the Company to the Employee under Paragraphs 5 or 6 which (i) will constitute payments from a “non-qualified deferred
compensation plan” as that term is used for the purposes of Section 409A (after taking into account Paragraphs 13(a) and (b) above and any other exemptions available under Section 409A, including without limitation qualification as a
“short term deferral” within the meaning of Section 409A), (ii) are payable prior to the date that is 6 months after the Employee’s “separation from service” as that term is used for purposes of Section 409A
(“Separation from Service”) (such date hereinafter referred to as the “Delayed Payment Date”), and (iii) do not exceed two (2) times the lesser of (I) or (II) below, shall be paid in accordance with the payment schedule that
would otherwise apply under Paragraphs 5 or 6 in the absence of the application of Section 409A. For purposes of this Paragraph 13(d), “(I)” shall mean the sum of the Employee’s annualized compensation based upon his annual rate of
pay for services provided to the Company for the calendar year preceding the Company’s taxable year in which the Employee had a Separation from Service, and “(II)” shall mean the maximum amount that may be taken into account under a
qualified plan pursuant to Section 401(a)(17) of the Code for the year in which the Employee has a Separation from Service;
			
		  	(e)	  	If the Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code on the date of the Employee’s “separation from
service” as that term is used for purposes of Section 409A, the payments that are otherwise scheduled to be paid to the Employee under Paragraphs 5 or 6 prior to the Delayed Payment Date (determined without regard to this Paragraph 13) that
exceed the amount calculated under Paragraph 13(d) above shall instead be paid by the Company to the Employee in a lump sum (together with interest at the prime rate as published in The Wall Street Journal on the date of Separation from Service) one
day after the Delayed Payment Date (or, if earlier, the death of the Employee); and
			
		  	(f)	  	The amount of expenses eligible for reimbursement to the Employee, and the amount of in-kind benefits provided to the Employee, during any calendar year shall not affect
the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year.
			
		  	(g)	  	The Company shall (i) have the right to deduct from any payment under this Agreement any and all taxes determined by the Company to be applicable with respect to such
benefits and (ii) shall have the right to require the Employee to make arrangements satisfactory to satisfy any such withholding obligation that may not be satisfied in full by wage withholding described in
(i).

  

	
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		  	(h)	  	The Employee shall be responsible for all taxes with respect to any payments or benefits hereunder except for the Company’s portion of any Social Security and
Medicare taxes. The Company makes no guarantee regarding the tax treatment of the payments or benefits provided by this Agreement.
			
		  	(i)	  	The reference in Section 5(f) to execution of a severance agreement and release shall be subject to the following terms. Payments pursuant to Section 5(f) shall commence
on the 60th day following the Employee’s separation from service, provided that the Employee has executed and submitted the severance agreement and release and the agreement and release have become irrevocable. The payment made on such 60th day
shall include any periodic payments to which the Employee would have been entitled had payments commenced upon the Employee’s separation from service.
			
		  	(j)	  	In determining whether a payment is made on permissible payment event or date, the rules of the Treasury Regulations and other guidance under Section 409A shall apply,
including without limitation the rules of Treasury Regulation section 1.409A-3(g) (related to disputed payments) and the rules of Treasury Regulation section 1.409A-3(d) (generally permitting payment to be made at a later date within the same
taxable year (or if later by the 15th day of the third calendar month following the date specified) so long as the Employee is not permitted, directly or indirectly, to designate the year of payment).

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

	
	13
	Employment Agreement

 IN WITNESS WHEREOF, the Company has caused its seal to be hereunto affixed and these
presents to be signed by its proper officers, and the Employee has hereunto set his hand and seal this 26th day of April, 2011 effective as of the day and year first above written. 
 (SEAL) 
  

					
	PERKINELMER, INC.
		
	By:	 	         /s/ Robert F. Friel

		 	Robert F. Friel
		 	President and Chief Executive Officer

 

					
	Employee:	 	         /s/ Andrew Okun

		 	Andrew Okun

  

	
	14
	Employment AgreementAmended Form of 2011 Cash Unit Award Agreement

 Exhibit 10.38 
 CASH UNIT AWARD AGREEMENT 
 THIS CASH UNIT AWARD AGREEMENT (the
“Agreement”) is made between EVERCORE PARTNERS INC. (the “Company”) and
                             (the “Participant”). 

WHEREAS, the Company has determined that the Participant will receive an annual bonus (the “Bonus”); and 

WHEREAS, the payment of a portion of the Bonus is subject to the Participant’s continued employment with the Company; and

 WHEREAS, the Participant has elected to have this portion of the bonus notionally invested in one or more investment
alternatives designated by the Participant; and 
 WHEREAS, this portion of the Bonus will be credited to a bookkeeping account
in the Participant’s name, notionally invested and, as adjusted to reflect the results of such investment, distributed to the Participant upon the completion of the requisite service period. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is
hereby acknowledged, the parties hereto do hereby agree as follows: 
 1. Creation of Bookkeeping Account. Effective
February 18, 2011 (the “Effective Date”), the Company will establish a bookkeeping account in the Participant’s name (the “Account”). The Company will credit to the Account an amount equal to
[$                        ], which amount will thereafter be subject to adjustment in accordance with Section 2,
below. 
 2. Investment of Account Balance. 
 (a) The balance of the Account, as adjusted in accordance with the remainder of this Section 2 (the “Account Balance”), will be adjusted to track a hypothetical investment of equal
amount, invested as of the Effective Date, in the investment funds the Participant specified on the Investment Selection Form attached hereto as Exhibit A. Therefore, following the Effective Date and until the date on which all amounts in the
Account have been paid to the Participant or forfeited, the Account Balance will be adjusted to reflect income, gains, losses and dividends and distributions (which will be deemed reinvested in the distributing fund) attributable to the deemed
investments and to reflect payments in respect of portions of the Account Balance that have become vested in accordance with Section 3, below. 
 (b) The Investment Selection Form attached hereto as Exhibit A sets forth the Participant’s initial allocation of his or her Account Balance among the investment funds made available for this
purpose. The Participant acknowledges that, prior to the Effective Date, the Participant has received and reviewed current prospectuses for those funds. 
 (c) Prior to complete vesting or forfeiture of the Account Balance, the Participant will have two opportunities each year, in such manner and at such intervals as the Company will establish, to
re-designate the investment fund(s) in which the Account Balance is 

 
deemed invested. For this purpose, the Participant may choose from any of the investment alternatives that the Company makes available as of the date of redesignation. 

3. Vesting and Distribution of Account Balance. 
 (a) Unless otherwise provided herein, and subject to the continued employment of the Participant by the Company or any of its Affiliates through the relevant Vesting Event (as hereinafter defined), the
Participant will become vested in the Account Balance as follows (the occurrence of each such event described herein, a “Vesting Event”): 
 (i) 25% of the then-current Account Balance will become vested on the first anniversary of the Effective Date; and 
 (ii) 33% of the then-current Account Balance will become vested on the second anniversary of the Effective Date; and 
 (iii) 50% of the then-current Account Balance will become vested on the third anniversary of the Effective Date; and 
 (iv) 100% of the then-current Account Balance will become vested on the fourth anniversary of the Effective Date; and 
 (v) any otherwise unvested portion of the then-current Account Balance will become 100% vested upon: (A) the occurrence of a Change in Control, (B) the Participant’s death, or (C) the
Participant’s Disability. 
 (b) If the Participant’s service with the Company terminates as a result of a Qualifying
Retirement (as defined below) prior to the date that the entire Account Balance has vested, then subject to the application of Section 9, below, the Account Balance will continue to vest and become distributable upon the occurrence of the
otherwise applicable Vesting Events, as described in Section 3(a) above, as if the Participant had continued in service with the Company. 
 (c) Any portion of the Account Balance that becomes vested will be paid to the Participant in cash within two and one-half months following the applicable Vesting Event. To the extent and in the manner
permitted by the Company, the Participant may elect the investment funds from which the vested portion of the Account Balance is deemed distributed. All amounts distributable to the Participant will be subject to withholding for applicable taxes.
The foregoing notwithstanding, any amounts payable hereunder within 12 months following a Qualifying Retirement will, net of required tax withholdings, be held in escrow by the Company pending the expiration of that 12 month period and will be
released from escrow and delivered to the Participant when the Company determines that no forfeiture of such amounts is required pursuant to Section 9, below. While any amounts are held in escrow, the Company will hold those amounts separate
from its own assets and will invest those amounts in a manner consistent with the directions provided under Section 2, above. If the Company determines that a forfeiture is required pursuant to Section 9, below, it will notify the
Participant within 10 days. 
 (d) Except as otherwise provided in Section 3(b) above, upon any cessation of the
Participant’s employment with the Company or any of its Affiliates, any unvested portion of the 

  
 -2-

 
then-current Account Balance (determined after application of Section 3(a)(v)(B) or (C), if applicable) will immediately and automatically be forfeited, and the Participant will have no
further rights in respect thereof. 
 (e) In the event of the death of the Participant, the distribution of the Account Balance
under this Section 3 will be made in accordance with the written beneficiary designation on file with the Company; provided, however, that, in the absence of any such written beneficiary designation, the distribution of the
Account Balance will be made to the Participant’s estate. A form of beneficiary designation is attached hereto as Exhibit B. 
 (f) Definitions. For purposes of this Agreement, the following definitions will apply: 
 (a) “Change in Control” will have the meaning ascribed to it in the Company’s 2006 Stock Incentive Plan, except that no event or transaction will be considered a Change in Control
under this Agreement unless it also constitutes a change in control event within the meaning of Treas. Reg. § 1.409A-3(i)(5). 
 (b) “Disability” will have the meaning ascribed to it in Treas. Reg. § 1.409A-3(i)(4)(i). 
 (c) “Qualifying Retirement” will mean the Participant’s voluntary resignation from service with the Company if, as of the effective date of such resignation: (A) the sum of the
Participant’s age plus completed years of service with the Company is greater than 70; (B) the Participant is at least age 55 and has completed at least 5 years of service with the Company; and (C) the Participant has provided the
Company with notice of intent to retire at least 1 year prior to the effective date of such resignation. 
 4. Tax
Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant’s tax liability in connection with the creation of the Account or the deemed investment or distribution of the Account
Balance. The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and non-U.S. tax consequences of the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not
on any statements or representations of the Company or any of its agents. 
 5. Nature of Company’s Obligation.

 (a) The Company’s sole obligation hereunder is to pay to the Participant an amount in cash equal to the vested portion
of the Account Balance in accordance with Section 3. This obligation is purely contractual and should not be construed as creating a trust or any fiduciary relationship. 
 (b) It is the Company’s intention that this arrangement be unfunded for U.S. federal income tax purposes. Accordingly, the rights of the Participant under this Agreement will be no greater than those
of an unsecured general creditor of the Company. 

  
 -3-

 (c) This Agreement does not require the Company to segregate or maintain any asset or
otherwise fund the obligation created hereunder, nor will anything herein be construed to give the Participant a right to any specific asset of the Company. 
 (d) No right to receive payment under this Agreement will be transferable or assignable by the Participant, or subject to anticipation, alienation, sale, pledge, encumbrance, attachment or garnishment by
creditors of the Participant. 
 6. Representations and Warranties. By executing this Agreement, the Participant hereby
represents, warrants, covenants, acknowledges and/or agrees that: 
 (a) The investment funds are not sponsored, promoted,
endorsed, sold or issued by the Company, and the financial performance of the investment funds should not be expected to track the performance of the Company’s common stock; 

(b) The Company makes no representation or warranty, express or implied, with respect to the performance of the investment funds at any
time, and the Participant should review the prospectuses and other offering memoranda provided by the relevant fund managers before deciding how to direct the deemed investment of his or her Account Balance; and 

(c) The Company has no obligation or liability in connection with the administration, marketing or trading of the investment funds.

 7. Electronic Delivery of Documents. The Participant hereby authorizes the Company to deliver electronically any
prospectuses or other documentation related to this Agreement. For this purpose, electronic delivery will include, without limitation, delivery by means of e-mail or e-mail notification that such documentation is available on the Company’s
Intranet site. Upon written request, the Company will provide to the Participant a paper copy of any document also delivered to the Participant electronically. The authorization described in this paragraph may be revoked by the Participant at any
time by written notice to the Company. 
 8. No Right to Continued Employment. This Agreement will not be construed as
giving the Participant the right to be retained in the employ of, or in any consulting relationship with, the Company or any of its Affiliates. Further, the Company (or, as applicable, its Affiliates) may at any time dismiss the Participant, free
from any liability or any claim under this Agreement, except as otherwise expressly provided herein. 
 9. Restrictive
Covenants. 
 (a) The Participant acknowledges that he or she has agreed to be bound by certain restrictive covenants which
apply during the Participant’s service to the Company and following the cessation of that service for any reason, which may be updated from time to time (the “Restrictive Covenants”). The Participant hereby reaffirms his or her
agreement to the Restrictive Covenants and certifies that he or she is in compliance with the terms and conditions of the Restrictive Covenants. Upon or in anticipation of any payment hereunder, the Participant agrees that, if requested, he or she
will again certify in a manner acceptable to the Company that he or she continues to be in compliance with the Restrictive Covenants. 

  
 -4-

 (b) If the Participant violates any of the terms of the Restrictive Covenants, then the
Participant will immediately forfeit any undistributed Account Balance (even if otherwise vested). 
 (c) Similarly, if the
Participant’s service with the Company terminates as a result of a Qualifying Retirement and, within 12 months following such retirement, engages in conduct that violates the Restrictive Covenants (or that would have violated the Restrictive
Covenants, but for any prior expiration of the otherwise applicable restricted period), the Participant will immediately and automatically forfeit (i) any undistributed Account Balance (even if otherwise vested), and (ii) any amounts held
in the escrow described above in Section 3(c). The Participant agrees that the remedies contained in this paragraph are reasonable and further agrees not to challenge the enforceability of this section. 

(d) The remedies contained in this section will be in addition to, not in lieu of, any other available remedies. 

10. General. 
 (a) Capitalized terms used but not defined herein will have the meanings defined in the Company’s 2006 Stock Incentive Plan. 
 (b) If an amount becomes payable to the Participant hereunder and, at that time, an amount is currently payable by the Participant to the Company or any of its Affiliates, the Company will offset the
amount owed to the Participant hereunder by the amount of the Participant’s then current obligation to the Company and/or its Affiliates. 
 (c) This Agreement represents the entire agreement between the parties regarding the matters herein discussed and merges and supersedes all prior and contemporaneous discussions, agreements and
understandings of every nature relating to those matters. This Agreement may only be modified or amended in a writing signed by both parties. 
 (d) Neither this Agreement nor any rights or interest hereunder will be assignable by the Participant, his or her beneficiaries or legal representatives, and any purported assignment will be null and
void. 
 (e) Either party’s failure to enforce any provision or provisions of this Agreement will not in any way be
construed as a waiver of any such provision or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement. 
 (f) This Agreement will be governed by, and enforced in accordance with, the laws of the State of New York, without regard to the application of the principles of conflicts or choice of laws. 

(g) This Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each of which will be deemed
an original, and all of which together will be deemed to be one and the same instrument. 
  
 [Signatures on next page.] 

  
 -5-

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized representative on the date below indicated. 
  

			
	EVERCORE PARTNERS INC.
		
	By:	 	 
		 	Director-Human Resources

  

			
	
		
	Date:	 	 
		 	

  
 [EVERCORE PARTNERS
INC. SIGNATURE PAGE TO 
 CASH UNIT AWARD AGREEMENT] 

  
 -6-

 IN WITNESS WHEREOF, the Participant has executed this Agreement on the date below indicated.

  

			
	PARTICIPANT
		
	By:	 	 
		 	

  

			
	
		
	Date:	 	 
		 	

 [PARTICIPANT SIGNATURE PAGE TO 

CASH UNIT AWARD AGREEMENT] 

  
 -7-

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