Document:

Prepared and filed by St Ives Financial

  Exhibit 10.37

EMPLOYMENT AGREEMENT 

 AGREEMENT entered into
    as of September 5, 2000 between PE CORPORATION, a Delaware corporation having
    its principal
    place of business at Norwalk,
 	 	    Connecticut (the “Company”) and Barbara J. Kerr, residing at 410 Pine Street, Mill Valley, CA 94941 (the “Employee”). 

 WHEREAS, the Employee
    has rendered and/or will render valuable services to the Company and it is
    regarded essential
    by the Company that it have
the benefit of Employee’s services in future years; and

 WHEREAS, the Board of
    Directors of the Company believes that it is essential that,
      in the event of the possibility of a Change in Control of the Company (as
      defined herein), the Employee be able to continue her attention and dedication
      to her duties and to assess and advise the Board of Directors of the Company
      (the “Board”)
 	 	        whether such proposals would be in the best interest of the Company
 	 	        and its stockholders without distraction regarding any uncertainty
  concerning her future with the Company; and 

  
WHEREAS, the Employee
 	 	          is willing
 	 	          to
    agree to continue to serve the Company in the future; 

	
NOW,
      THEREFORE, it is mutually agreed as follows:	

	  
    1.   Employment.
        The Company agrees to employ Employee, and the Employee agrees to serve
        as an employee of the Company or one or more of its subsidiaries after
    a Change of Control
            during the Period of Employment (as those terms are defined in Section
    2 

    

hereof) in such executive
  capacity as Employee served immediately prior to the Change in Control which
  caused the commencement of the Period of Employment. The Employee also agrees
  to serve during the Period of Employment, if elected or appointed thereto,
    as a Director of the Board of Directors of the Company and as a member of
    any committee
  of the Board of Directors. Notwithstanding anything to the contrary herein,
  the Period of Employment shall not commence and the Employee shall not be entitled
  to any rights, benefits, or payments hereunder unless and until a Change in
    Control has occurred.

2.   Definitions.

(a)   Cause. During
    the Period of Employment, “Cause” means termination upon (i) the
    willful and continued failure by the Employee to perform substantially her
duties with the Company
(other than any such failure resulting from the Employee’s incapacity due to physical
    or mental illness) after a demand for a substantial performance is delivered
    to the Employee by the Chief Executive Officer of the Company (“CEO”)
    which specifically identifies the manner in which the CEO believes that the
    Employee has not substantially performed her duties, or (ii) the willful
    engaging by the Employee in illegal conduct which is materially and demonstrably
    injurious to the Company. For purposes of this Section 2(a), no act, or failure
    to act, on the part of the Employee shall be considered “willful” unless
    done, or omitted to be done, by the Employee in bad faith and without reasonable
belief that the Employee's action or omission was in, or not

2

opposed to, the best interests
    of the Company. Any act, or failure to act, based upon authority given pursuant
    to a resolution duly adopted by the Board or based upon the advice of counsel
    for the Company shall be conclusively presumed to be done, or omitted to
    be done, by the Employee in good faith and in the best interests of the Company.
    Notwithstanding the foregoing, the Employee shall not be deemed to have been
    terminated for Cause unless and until there shall have been delivered to
    the Employee a copy of a resolution duly adopted by the affirmative vote
    of not less than three quarters of the entire membership of the Board at
    a meeting of the Board called and held for that purpose (after reasonable
    notice to the Employee and an opportunity for her, together with counsel,
    to be heard before the Board), finding that in the good faith opinion of
    the Board the Employee was guilty of the conduct set forth above in (i) or
    (ii) of this Section 2(a) and specifying
the particulars thereof in detail.

(b)   Cash Compensation. “Cash
  Compensation” shall mean the sum of (i) Employee’s Base Salary (determined
  in accordance with the provisions of Section 4(a) hereof) and (ii) Employee’s incentive
    compensation (provided for under Section 4(b) hereof), which shall be an
    amount equal to the greatest of (x) the average of the amount of Employee’s
    incentive compensation for the last three completed fiscal years immediately
    prior to the Employee’s termination of employment (whether or not such
    years occurred during the Period of Employment), (y) the target amount of
such

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Employee’s incentive compensation for the fiscal year in which her termination
of employment occurs,
or (z) the Employee’s target amount for the fiscal year in which the Change
in Control occurs.

(c)   Change in Control. “Change
  in Control” means the occurrence of any of the following: an event that
would be required to be reported (assuming such event has not been “previously
reported”) in response to Item 1(a) of the Current Report on Form 8-K, as
in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934; provided, however, that, without limitation, such a Change
in Control shall be deemed to have occurred at such time as (i) any “person” within
the meaning of Section 14(d) of the Securities Exchange Act of 1934 becomes the “beneficial
owner” as defined in Rule 13d-3 thereunder, directly or indirectly, of more
than 25% of the Company’s Common Stock; (ii) during any two-year period,
individuals who constitute the Board of Directors of the Company (the “Incumbent
Board”) as of the beginning of the period cease for any reason to constitute
at least a majority thereof, provided that any person becoming a director during
such period whose election or nomination for election by the Company’s stockholders
was approved by a vote of at least three quarters of the Incumbent Board (either
by a specific vote or by approval of the proxy statement of the Company in which
such person is named as a nominee for director without objection to such nomination)
shall be, for purposes of this clause (ii), considered as though 

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such person were a member of the Incumbent Board; or (iii) the approval by the
Company’s stockholders of the sale of all or substantially all of the stock
or assets of
the Company.

(d)   Disability. “Disability” means
  the absence of the Employee from her duties with the Company on a full-time
    basis for one hundred eighty (180) consecutive days as a result
    of incapacity due to
    physical or mental	illness. 

	
(e)   Good Reason.
During the Period of Employment, “Good Reason” means:

(i)   an adverse change
        in the status of the Employee (other than any such change primarily attributable
to the fact that the Company may no longer be publicly owned) or position(s)
    as an officer of the Company as in effect immediately prior to the Change
    in
        Control or the assignment to the Employee of any duties or responsibilities
        which, in her reasonable judgment, are inconsistent with such status
        or position(s), or any removal of the Employee from or any failure to
        reappoint or reelect her to such position(s) (except in connection with
        the termination of the Employee’s employment for Cause, Disability,
        or upon attaining age 65 or upon taking early retirement under any of
        the Company's retirement plans, or as a result of death or by the Employee
other than for Good Reason);

(ii)   a reduction
        by the Company after a Change in Control in the Employee’s Base
Salary;

(iii)   a material
        reduction after a Change in Control in the Employee’s total annual
compensation; provided, however, 

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that for these purposes
a reduction for any year of over 10% of total compensation measured by the preceding
year without a substantially similar reduction to all other executives participating
in incentive compensation plans shall be considered “material”; and
the failure of the Company to adopt or renew a stock option plan or to grant
amounts of restricted stock or stock options, which are consistent with the Company’s
prior practices, to the Employee shall also be considered a material reduction,
unless the Employee participates in substitute programs that provide substantially
equivalent economic value to the Employee;

(iv)   the failure by the Company
    to continue in effect any Benefit Plan (as hereinafter defined) in which Employee
    was participating at the time of the Change in Control (or Benefit Plans providing
          Employee with at least substantially similar benefits) other than as
          a result of the normal expiration of any such Benefit Plan in accordance
          with its terms as in effect at the time of the Change in Control, or
          the taking of any action, or the failure to act, by the Company which
          would adversely affect Employee’s continued participation in any
          such Benefit Plans on at least as favorable a basis to Employee as was
          the case immediately prior to the Change in Control or which would materially
          reduce Employee’s benefits in the future under any of such Benefit
          Plans or deprive Employee of any material benefit enjoyed by Employee
          immediately prior to the Change in Control; 

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(v)   the
    failure by the Company after a Change in Control to provide and credit Employee
    with the number of paid vacation days to which Employee was then entitled
    in accordance with the Company’s normal vacation policy as in effect
    immediately prior to the Change in Control; or
    

  (vi)   the
      Company’s requiring the Employee after a Change in Control to be based
      more than fifty miles from the Employee’s principal place of business
      immediately prior to the Change in Control except for required travel on
      the Company’s business to an extent substantially consistent with
      the business travel obligations which she undertook on behalf of the Company
      prior to the Change in Control.  

  (f)   Period
        of Employment. (i) “Period of Employment” means, subject
        to the provisions of Section 2(f)(ii), the period of thirty-six (36)
        months commencing on the date of a Change in Control (as defined in Section
        2(c) hereof) and the period of any extension or extensions thereof in
        accordance with the terms of this Section. The Period of Employment shall
        be extended automatically by one week for each week in which the Employee’s
        employment continues after the date of a Change in Control.

  (ii)   Notwithstanding
      the provisions of Section 2(f)(i) hereof, the Period of Employment shall
      terminate upon the occurrence of the earliest of (A) the Employee’s
      attainment of age 65, or the election by the Employee to retire early from
      the Company under any of its retirement plans, (B) the death of the Employee,
      (C) the Disability of the Employee or (D) a termination

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of Employee's employment
    by the Company for Cause or by the Employee without Good Reason.

  (g)   Termination
        Date. “Termination Date” means the date on which the Period
        of Employment terminates.

  3.    Duties
        During the Period of Employment. While employed by the Company during
        the Period of Employment, the Employee shall devote her full business
        time, attention, and best efforts to the affairs of the Company and its
        subsidiaries; provided, however, that the Employee may
        engage in other activities, such as activities involving charitable,
        educational, religious, and similar types of organizations, speaking
        engagements, membership on the board of directors of other organizations,
        and similar types of activities to the extent that such other activities
        do not prohibit the performance of her duties under this Agreement, or
        inhibit or conflict in any material way with the business of the Company
        and its subsidiaries.

  4.   Current
        Cash Compensation.

  (a)   Base
      Salary. The Company will pay to the Employee while employed by the Company
      during the Period of Employment an annual base salary ("Base Salary") in
      an amount determined by the Board of Directors or its Compensation Committee
      which shall never be less than the greater of (i) the Employee’s Base
      Salary prior to the commencement of the Period of Employment or (ii) her
      Base Salary during the preceding year of the Period of Employment; provided, however,
      that it is agreed between the

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 parties that the Company
    shall review annually the Employee’s Base Salary, and in light of such
    review may, in the discretion of the Board of Directors or its Compensation
    Committee, increase such Base Salary taking into account the Employee’s
    responsibilities, inflation in the cost of living, increase in salaries of
    executives of other corporations, performance by the Employee, and other
    pertinent factors. The Base Salary shall be paid in substantially equal biweekly
    installments while Employee is employed by the Company.

  (b)   Incentive
        Compensation. While employed by the Company during the Period of
        Employment, the Employee shall continue to participate in such of the
        Company’s incentive compensation programs for executives as the
        Employee participated in prior to the commencement of the Period of Employment.
        Any amount awarded to the Employee under such programs shall be paid
        to Employee in accordance with the terms thereof. 

  5.   Employee
        Benefits.  

  (a)   Vacation
        and Sick Leave. The Employee shall be entitled during the Period
        of Employment to a paid annual vacation of not less than twenty (20)
        business days during each calendar year while employed by the Company
        and to reasonable sick leave. 

  (b)   Regular
        Reimbursed Business Expenses. The Company shall reimburse the Employee
        for all expenses and disbursements reasonably incurred by the Employee
        in the performance of her duties during the Period of Employment. 

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  (c)   Employment
        Benefit Plans or Arrangements. While employed by the Company, Employee
        shall be entitled to participate in all employee benefit plans, programs,
        or arrangements (“Benefit Plans”) of the Company, in accordance
        with the terms thereof, as in effect from time to time, which provide
        benefits to senior executives of the Company. For purposes of this Agreement,
        Benefit Plans shall include, without limitation, any compensation plan
        such as an incentive, deferred, stock option or restricted stock plan,
        or any employee benefit plan such as a thrift, pension, profit sharing,
        pre-tax savings, medical, dental, disability, salary continuation, accident,
        life insurance plan, or a relocation plan or policy, or any other plan,
        program, or policy of the Company intended to benefit employees. 

  6.   Termination
        of Employment. 

  (a)   Termination
        by the Company for Cause or Termination by the Employee Other Than for
        Good Reason. If during the Period of Employment the Company terminates
        the employment of the Employee for Cause or if the Employee terminates
        her employment other than for Good Reason the Company shall pay the Employee
        (i) the Employee’s Base Salary through the end of the month in which
        the Termination Date occurs, (ii) any incentive compensation payable
        to her pursuant to Section 4(b) hereof, including a pro rata share for
        any partial year, (iii) any accrued vacation pay, and (iv) benefits payable
        to her pursuant to the Company’s Benefit Plans as provided in 

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 Section 5(c) hereof through
    the end of the month in which the Termination Date occurs. The amounts and
    benefits set forth in clauses (i), (ii), (iii) and (iv) of the preceding
    sentence shall hereinafter be referred to as “Accrued Benefits.”  

  (b)   Termination
        by the Company Without Cause or by the Employee for Good Reason.
        If during the Period of Employment the Company terminates the Employee’s
        employment with the Company without Cause or the Employee terminates
        her employment with the Company for Good Reason, the Company will pay
        to Employee all Accrued Benefits and, in addition, pay or provide to
        the Employee the following:

	 	(i)	within thirty (30)
        days after the date of termination, a lump sum equal to the greater of
        (A) the Employee’s Cash Compensation for the remainder of the
        Period of Employment or (B) two times the Employee’s Cash Compensation;
	 	 	 
	 	(ii)	for the greater of
        two years or the remainder of the Period of Employment immediately following
        the Employee’s date of termination, the Employee and Employee’s
        family shall continue to participate in any Benefit Plans of the Company
        (as defined in Section 5(c) hereof) in which Employee or Employee’s
        family participated at any time during the one-year period ending on
        the day immediately preceding Employee’s termination of employment,
        provided that (a) such continued participation is

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	 	 	possible under the
        terms of such Benefit Plans, and (b) the Employee continues to pay contributions
        for such participation at the rates paid for similar participation by
        active Company employees in similar positions to that held by the Employee
        immediately prior to the date of termination. If such continued participation
        is not possible, the Company shall provide, at its sole cost and expense,
        substantially identical benefits to the Employee plus pay an additional
        amount to the Employee equal to the Employee’s liability for federal,
        state and local income taxes on any amounts includible in the Employee’s
        income by virtue of the terms of this Section 6(b)(ii) so that Employee
        does not have to personally pay any federal, state and local income taxes
        by virtue of the terms of this Section 6(b)(ii);
	 	 	 
	 	 (iii)	three additional
        years of service credit under the Company’s Non-Qualified Plans
        and, for purposes of such plans, Employee’s final average pay shall
        be deemed to be her Cash Compensation for the year in which the date
        of termination occurs;
	 	 	 
	 	(iv)	the Company shall
        take all reasonable actions to cause any Company restricted stock (“Restricted
        Stock”) granted to Employee to become fully vested and any options
        to purchase Company stock

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  	 	 	(“Options”)
          granted to Employee to become fully exercisable, and in the event the
          Company cannot effect such vesting or acceleration within sixty (60) days,
          the Company shall pay within thirty (30) days thereafter to Employee
          (i) with respect to each Option, an amount equal to the product of
          (x) the number of unvested shares subject to such Option, multiplied
          by (y) the excess of the fair market value of such a share of Company
          common stock on the date of Employee’s termination of employment,
          over the per share exercise price of such Option and (ii) with respect
          to each unvested share of Restricted Stock an amount equal to the fair
          market value of such a share of Company common stock on the date of
          Employee’s termination of employment. 
	 	 	 
	Except
          as provided in the following sentence, the amounts payable to the Employee
          under this Section 6(b) shall be absolutely owing and shall not be
          subject to reduction or mitigation as a result of employment of the
          Employee elsewhere after the date of termination. Notwithstanding any
          provision herein to the contrary, the benefits described in clauses
          (i), (ii) and (iii) of this Section 6(b) shall only be payable with
          respect to the period ending upon the earlier of (i) the end of the
          period specified in each such clause or (ii) Employee’s attainment
          of age 65.

  13

  

   

 

  7.    Gross-Up.
      In the event any amounts due to the Employee under this Agreement after
      a Change in Control, under the terms of any Benefit Plan, or otherwise
      payable by the Company
      or an affiliate of the Company are subject to excise taxes under Section
      4999 of the Internal Revenue Code of 1986, as amended (“Excise Taxes”),
      the Company shall pay to the Employee, in addition to any other payments
      due under other provisions of this Agreement, an amount equal to the amount
      of such Excise Taxes plus the amount of any federal, state and local income
      or other taxes and Excise Taxes attributable to all amounts, including
      income taxes, payable under this Section 7, so that after payment of all
      income, Excise and other taxes with respect to the amounts due to the Employee
      under this Agreement, the Employee will retain the same net after tax amount
      with respect to such payments as if no Excise Taxes had been imposed. 

  8.   Governing
        Law. This Agreement is governed by, and is to be construed and enforced
        in accordance with, the laws of the State of Connecticut. If under such
        laws any portion of this Agreement is at any time deemed to be in conflict
        with any applicable statute, rule, regulation, or ordinance, such portion
        shall be deemed to be modified or altered to conform thereto or, if that
        is not possible, to be omitted from this Agreement, and the invalidity
        of any such portion shall not affect the force, effect, and validity
        of the remaining portion hereof.

  9.   Notices.
      All notices under this Agreement shall be in writing and shall be deemed
      effective when delivered in person 

14

 

 (in the Company's case,
to its Secretary) or seventy-two (72) hours after deposit thereof in the U.S.
mail, postage prepaid, for delivery as registered or certified mail – addressed,
in the case of the Employee, to the Employee at Employee’s residential address,
and in the case of the Company, to its corporate headquarters, attention of the
Secretary, or to such other address as the Employee or the Company may designate
in writing at any time or from time to time to the other party. In lieu of personal
notice or notice by deposit in the U.S. mail, a party may give notice by telegram,
fax or telex.

  10.   Miscellaneous.
      This Agreement may be amended only by a subsequent written agreement of
      the Employee and the Company. This Agreement shall be binding upon and
      shall inure to the benefit of the Employee, the Employee’s heirs,
      executors, administrators, beneficiaries, and assigns and to the benefit
      of the Company and its successors. Notwithstanding anything in this Agreement
      to the contrary, nothing herein shall prevent or interfere with the ability
      of the Company to terminate the employment of the Employee prior to a Change
      in Control nor be construed to entitle Employee to be continued in employment
      prior to a Change in Control and this Agreement shall terminate if Employee
      or the Company terminates Employee’s employment prior to a Change
      in Control. Similarly, nothing herein shall prevent the Employee from retiring
      under any of the Company’s retirement plans and receiving the corresponding
      benefits thereunder consistent with the treatment of other Company employees.  

15

  11.   Fees
        and Expenses. The Company shall pay all reasonable legal fees and
        related expenses incurred by the Employee in connection with this Agreement
        following a Change in Control of the Company, including without limitation,
        all such fees and expenses, if any, incurred in connection with (i) contesting
        or disputing any termination of the Employee’s employment hereunder,
        or (ii) the Employee seeking to obtain or enforce any right or benefit
        provided by the Agreement.

  12.   Arbitration.
      Any dispute or controversy arising under or in connection with this Agreement
      shall be settled exclusively by arbitration in Connecticut by three arbitrators
      in accordance with the rules of the American Arbitration Association then
      in effect. Judgment may be entered on the arbitrator’s award in any
      court having jurisdiction; provided, however, that the Employee shall be
      entitled to be paid as if her employment continued during the pendency
      of any dispute or controversy arising under or in connection with this
      Agreement. The Company shall bear all costs and expenses arising in connection
      with any arbitration pursuant to this Section 12. 

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   IN WITNESS WHEREOF,
      the parties hereto have executed this Agreement as of the year and day
      first above written.  

	 	 	PE CORPORATION
	 	 	 	 
	 	 	By: /s/
          Tony L. White                
	 	 	 	Tony L. White 

      Chairman, President and 

      Chief Executive Officer  
	ATTEST: 	 	 
	 	 	 
	 By: /s/
          William B. Sawch                 	 	 
	 	William B. Sawch

      Senior Vice President and 

      General Counsel 	 

        
    

	 	 	ACCEPTED
        AND AGREED:  
	 	 	 
	 	 	/s/
          Barbara J. Kerr              
	 	 	Barbara
        J. Kerr 

17Prepared and filed by St Ives Financial

  Exhibit 10.38

EMPLOYMENT AGREEMENT 

 AGREEMENT entered into
    as of December 2, 1996, between THE PERKIN-ELMER CORPORATION, a New York
    corporation having
    its principal place of business
 	 	    at Norwalk, Connecticut (the "Company") and Ugo D. DeBlasi, residing at 14 Spinning Wheel Lane, Stamford, CT 06903 (the "Employee"). 

 WHEREAS, the Employee
    has rendered and/or will render valuable services to the Company and it is
    regarded essential
    by the Company that it have
  the benefit of Employee's services in future years; and 

WHEREAS,
      the Board of Directors of the Company believes that it is essential that,
 	 	      in the event of the possibility of a Change in Control of the Company
 	 	      (as defined herein), the Employee be able to continue his attention
      and
 	 	      dedication to his duties and to assess and advise the Board of
    Directors of the Company (the "Board") whether such proposals would be in the best
 	 	      interest of the Company and its shareholders without distraction
 	 	      regarding any uncertainty concerning his future with the Company;
 	 	      and

 WHEREAS,
 	 	        the Employee is willing to agree to continue to serve the Company
 	 	        in the future;

 NOW, THEREFORE, it is
    mutually agreed as follows: 

1. Employment.
    The Company agrees to employ Employee, and the Employee agrees to serve as
    an employee of the Company
      or one
 	 	            or more
 	 	            of its subsidiaries after a Change of Control during the
    Period of Employment (as those terms are defined in Section 2 

hereof) in such executive capacity as Employee served immediately prior to the
    Change in Control which caused the commencement of the Period of Employment.
    The Employee also agrees to serve during the Period of Employment, if elected
    or appointed thereto, as a Director of the Board of Directors of the Company
    and as a member of any committee of the Board of Directors. Notwithstanding
    anything to the contrary herein, the Period of Employment shall not commence
    and the Employee shall not be entitled to any rights, benefits, or payments
hereunder unless and until a Change in Control has occurred.

  2.    Definitions.

  (a)    Cause.
           During the Period of Employment, "Cause" means termination upon
        (i) the willful and continued failure by the Employee to perform substantially
        his
        duties with the Company (other than any such
        failure resulting from the Employee's incapacity due to physical or mental
        illness) after a demand for a substantial performance is delivered to the
        Employee by the Chief Executive Officer of the Company ("CEO") which specifically
        identifies the manner in which the CEO believes that the Employee has not
        substantially performed his duties, or (ii) the willful engaging by the Employee
        in illegal conduct which is materially and demonstrably injurious to the
        Company. For purposes of this Section 2(a), no act, or failure to act, on
        the part of the Employee shall be considered "willful" unless
        done, or omitted to be done, by the Employee in bad faith and without reasonable
        belief that the Employee's action or omission was in, or not 

2

opposed to, the best interests of the Company. Any act, or failure to act, based
    upon authority given pursuant to a resolution duly adopted by the Board or
    based upon the advice of counsel for the Company shall be conclusively presumed
    to be done, or omitted to be done, by the Employee in good faith and in the
    best interests of the Company. Notwithstanding the foregoing, the Employee
    shall not be deemed to have been terminated for Cause unless and until there
    shall have been delivered to the Employee a copy of a resolution duly adopted
    by the affirmative vote of not less than three quarters of the entire membership
    of the Board at a meeting of the Board called and held for that purpose (after
    reasonable notice to the Employee and an opportunity for him, together with
    counsel, to be heard before the Board), finding that in the good faith opinion
    of the Board the Employee was guilty of the conduct set forth above in (i)
or (ii) of this Section 2(a) and specifying the particulars thereof in detail.

  (b)    Cash Compensation. "Cash Compensation" shall mean the sum of (i)
 	 	Employee's Base Salary (determined in accordance with the provisions
  of Section 4(a) hereof) and (ii) Executive's incentive compensation (provided
  for under
 	 	Section 4(b) hereof), which shall be an amount equal to the greatest
  of (x) the average of the amount of Employee's incentive compensation for the
  last
 	 	three completed fiscal years immediately prior to the Employee's termination
 	 	of employment (whether or not such years occurred during the Period of
  Employment),	(y) the target amount of such 

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Employee's incentive compensation for the fiscal year in which his termination
    of employment occurs or (z) the Employee's target amount for the fiscal year
in which the Change in Control occurs.

 (c)    Change in Control. "Change in Control" means the occurrence of any of the following: an event that would be required to be reported (assuming such event has not been "previously reported") in response to Item 1(a) of the Current Report on Form 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934; provided, however, that, without limitation, such a Change in Control shall be deemed to have occurred at such time as (i) any "person" within the meaning of Section 14(d) of the Securities Exchange Act of 1934 becomes the "beneficial owner" as defined in Rule 13d-3 thereunder, directly or indirectly, of more than 25% of the Company's Common Stock; (ii) during any two-year period, individuals who constitute the Board of Directors of the Company (the "Incumbent Board")
      as of the beginning of the period cease for any reason to constitute at least
      a majority thereof, provided that any person becoming a director during such
      period whose election or nomination for election by the Company's stockholders
      was approved by a vote of at least three quarters of the Incumbent Board
      (either by a specific vote or by approval of the proxy statement of the Company
      in which such person is named as a nominee for director without objection
      to such nomination) shall be, for purposes of this clause (ii), considered
      as though such person were a member of the Incumbent Board; or (iii) the 

4

approval by the Company's stockholders of the sale of all or substantially all
of the stock or assets of the Company.

 (d)    Disability. "Disability" means
      the absence of the Employee from his duties with the Company on a full-time
      basis for one hundred eighty (180) consecutive days as a result of incapacity
      due to physical or mental illness. 

  (e)    Good Reason. During the Period of Employment, "Good Reason" means:

 (i)    an adverse change
    in the status of the Employee (other than any such change primarily attributable
    to the fact that the Company may no longer
 	 	  be publicly owned) or position(s) as an officer of the Company as in
    effect immediately prior to the Change in Control or the assignment to the
    Employee
 	 	  of any duties or responsibilities which, in his reasonable judgment,
    are inconsistent with such status or position(s), or any removal of the Employee
 	 	  from or any failure to reappoint or reelect him to such position(s)
    (except in connection with the termination of the Employee's employment for
    Cause,
 	 	  Disability, or upon attaining age 65 or upon taking early retirement
    under
 	 	  any of the Company's retirement plans, or as a result of death or by
  the Employee other than for Good Reason);

 (ii)    a reduction by the
  Company after a Change in Control in the Employee's Base Salary; 

(iii)    a
      material
        reduction
 	 	      after a Change in Control in the Employee's total annual compensation;
        provided,
 	 	      however, that for these purposes a reduction for any year of over
      10% of 

5

 total compensation measured
    by the preceding year without a substantially similar reduction to all other
    executives participating in incentive compensation
    plans shall be considered "material"; and the failure of the Company to adopt
    or renew a stock option plan or to grant amounts of restricted stock or stock
    options, which are consistent with the Company's prior practices, to the
    Employee shall also be considered a material reduction, unless the Employee
    participates in substitute programs that provide substantially equivalent
economic value to the Employee; 

(iv)    the failure by the
    Company to continue in effect any Benefit Plan (as hereinafter defined) in
    which Employee was
      participating at the time of the Change in Control (or Benefit Plans providing
      Employee with at least substantially similar benefits) other than as a
    result of the normal expiration of any such Benefit Plan in accordance with
    its
      terms as in effect at the time of the Change in Control, or the taking
    of any action, or the failure to act, by the Company which would adversely
    affect
      Employee's continued participation in any such Benefit Plans on at least
      as favorable a basis to Employee as is the case immediately prior to the
      Change in Control or which would materially reduce Employee's benefits
    in the future under any of such Benefit Plans or deprive Employee of any
    material
      benefit enjoyed by Employee immediately prior to the Change in Control;
  

(v)    the failure by the
    Company after a Change in Control to provide and credit Employee with the
    number of paid 

6

vacation days to which Employee was then entitled in accordance with the Company's
    normal vacation policy as in effect immediately prior to the Change in Control;
or 

(vi)    the Company's requiring
    the Employee after a Change in Control to be based more than fifty miles
    from the Employee's principal place of business
      immediately prior to the Change in Control except for required travel on
      the Company's business to an extent substantially consistent with the business
      travel obligations which he undertook on behalf of the Company prior to
    the Change in Control. 

  (f)    Period of Employment. (i) "Period of Employment" means, subject
 	 	to the provisions of Section 2(f)(ii), the period of thirty-six (36)
  months commencing on the date of a Change in Control (as defined in Section
  2(c)
 	 	hereof) and the period of any extension or extensions thereof in accordance
 	 	with the terms of this Section. The Period of Employment shall be extended
 	 	automatically by one week for each week in which the Employee's employment
continues after the date of a Change in Control.
                                             

 (ii)    Notwithstanding
    the provisions of Section 2(f)(i) hereof, the Period of Employment shall
    terminate upon the occurrence of the earliest of (A) the Employee's attainment
    of age
 	 	  65, or the election by the Employee to retire early from the Company
    under any of its retirement plans, (B) the death of the Employee, (C) the
    Disability
 	 	  of the Employee or (D) a termination of Employee's employment by the
    Company
 	 	  for Cause or by the Employee without Good Reason. 

7

  (g)    Termination Date. "Termination Date" means the date on which the Period of Employment terminates. 

  3.    Duties During the Period of Employment. While employed by the Company during the Period of Employment, the Employee shall devote his full business time, attention, and best efforts to the affairs of the Company and its subsidiaries; provided, however, that the Employee may engage in other activities, such as activities involving charitable, educational, religious, and similar types of organizations, speaking engagements, membership on the board of directors of other organizations, and similar types of activities to the extent that such other activities do not prohibit the performance of his duties under this Agreement, or inhibit or conflict in any material way with the business of the Company and its subsidiaries.

4.    Current Cash
  Compensation.

  (a)    Base Salary.
      The Company

       will pay to the Employee while employed by the
    Company during the Period of Employment an annual base salary ("Base Salary")
    in an amount determined by the Board of Directors or its Compensation Committee
    which shall never be less than the greater
    of (i) the Employee's Base Salary prior to the commencement of the Period
    of Employment or (ii) his Base Salary during the preceding year of the Period
    of Employment; provided, however, that it is agreed between
    the parties that the Company shall review annually the Employee’s Base
    Salary, and in light of such review may, in the discretion 

8

of the Board of Directors or its Compensation Committee, increase such Base Salary
    taking into account the Employee's responsibilities, inflation in the cost
    of living, increase in salaries of executives of other corporations, performance
    by the Employee, and other pertinent factors. The Base Salary shall be paid
    in substantially equal biweekly installments while Employee is employed by
    the Company. 

  (b)    Incentive Compensation. While employed by the Company during the Period of Employment, the Employee shall continue to participate in such of the Company's incentive compensation programs for executives as the Employee participated in prior to the commencement of the Period of Employment. Any amount awarded to the Employee under such programs shall be paid to Employee in accordance with the terms thereof. 

  
5.   
    Employee Benefits.

  
(a)    Vacation
       and Sick Leave. The Employee shall be
    entitled during the Period of Employment to a paid annual vacation of
       not less than twenty (20) business days during each calendar year while
       employed by
    the Company and to reasonable sick leave. 

  (b)    Regular Reimbursed Business Expenses. The Company shall reimburse the Employee for all expenses and disbursements reasonably incurred by the Employee in the performance of his duties during the Period of Employment. 

  (c)    Employment Benefit Plans or Arrangements. While employed by the Company, Employee shall be entitled to 

9

 participate in all employee
    benefit plans, programs, or arrangements ("Benefit Plans")
of the Company, in accordance with the terms thereof, as in effect from time
to time, which provide benefits to senior executives of the Company. For purposes
of this Agreement, Benefit Plans shall include, without limitation, any compensation
plan such as an incentive, deferred, stock option or restricted stock plan, or
any employee benefit plan such as a thrift, pension, profit sharing, pre-tax
savings, medical, dental, disability, salary continuation, accident, life insurance
plan, or a relocation plan or policy, or any other plan, program, or policy of
the Company intended to benefit employees. 

6.   Termination
  of Employment.  

(a)    Termination
       by the Company for Cause or Termination by the Employee Other Than for
       Good Reason. If during the Period of Employment the Company terminates the employment of the Employee for Cause or if the Employee terminates his employment other than for Good Reason the Company shall pay the Employee (i) the Employee's Base Salary through the end of the month in which the Termination Date occurs, (ii) any incentive compensation payable to him pursuant to Section 4(b) hereof, including a pro rata share for any partial year, (iii) any accrued vacation pay, and (iv) benefits payable to him pursuant to the Company's Benefit Plans as provided in Section 5(c) hereof through the end of the month in which the Termination Date occurs. The amounts and benefits set forth in clauses (i), 

10

 (ii), (iii) and (iv)
of the preceding sentence shall hereinafter be referred to as "Accrued Benefits." 

(b)    Termination by the Company Without Cause or by the Employee for Good Reason. If during the Period of Employment the Company terminates the Employee's employment with the Company without Cause or the Employee terminates his employment with the Company for Good Reason, the Company will pay to Employee all Accrued Benefits and, in addition, pay or provide to the Employee the following: 

	 	(i)	 within thirty (30)
        days after the date of termination, a lump sum equal to the greater of
        (A) the Employee's Cash Compensation for the remainder of the Period
    of Employment or (B) two times the Employee's Cash Compensation; 
	 	 	 
	 	(ii)	for the greater of
        two years or the remainder of the Period of Employment immediately following
        the Employee's date of termination, the Employee and Employee's family
        shall continue to participate in any Benefit Plans of the Company (as
        defined in Section 5(c) hereof) in which Employee or Employee's family
        participated at any time during the one-year period ending on the day
        immediately preceding Employee's termination of employment, provided
        that (a) such continued participation is possible under the terms of
        such Benefit Plans, and (b) the Employee continues to pay contributions
    for

11

	 	 	such participation
        at the rates paid for similar participation by active Company employees
        in similar positions to that held by the Employee immediately prior to
        the date of termination. If such continued participation is not possible,
        the Company shall provide, at its sole cost and expense, substantially
        identical benefits to the Employee plus pay an additional amount to the
        Employee equal to the Employee's liability for federal, state and local
        income taxes on any amounts includible in the Employee's income by virtue
        of the terms of this Section 6(b)(ii) so that Employee does not have
        to personally pay any federal, state and local income taxes by virtue
    of the terms of this Section 6(b)(ii);
	 	 	 
	 	(iii)	  three additional
        years of service credit under the Company's Non-Qualified Plans and,
        for purposes of such plans, Employee's final average pay shall be deemed
        to be his Cash Compensation for the year in which the date of termination
    occurs;
	 	 	 
	 	(iv)	the Company shall
        take all reasonable actions to cause any Company restricted stock ("Restricted
        Stock") granted to Employee to become fully vested and any options to
        purchase Company stock ("Options") granted to Employee to become fully
    exercisable, and in the event the Company cannot

12

	 	 	 effect such vesting
        or acceleration within sixty (60) days, the Company shall pay within
        thirty (30) days thereafter to Employee (i) with respect to
        each Option, an amount equal to the product of (x) the number of unvested
        shares subject to such Option, multiplied by (y) the excess of the fair
        market value of a share of Company common stock on the date of Employee's
        termination of employment, over the per share exercise price of such
        Option and (ii) with respect to each unvested share of Restricted Stock
        an amount equal to the fair market value of a share of Company common
    stock on the date of Employee's termination of employment. 
	 	 	 

Except as provided in the following sentence, the amounts payable to the Employee
    under this Section 6(b) shall be absolutely owing and shall not be subject
    to reduction or mitigation as a result of employment of the Employee elsewhere
    after the date of termination. Notwithstanding any provision herein to the
    contrary, the benefits described in clauses (i), (ii) and (iii) of this Section
    6(b) shall only be payable with respect to the period ending upon the earlier
    of (i) the end of the period specified in each such clause or (ii) Employee's
    attainment of age 65.

  7.    Gross-Up. In the event any amounts due to the Employee under this Agreement after a Change in Control, under the terms of any Benefit Plan, or otherwise payable by the 

13

 Company or an affiliate
    of the Company are subject to excise taxes under Section 4999 of the Internal
    Revenue
    Code of 1986, as amended ("Excise Taxes"), the
    Company shall pay to the Employee, in addition to any other payments due
    under other provisions of this Agreement, an amount equal to the amount of
    such Excise Taxes plus the amount of any federal, state and local income
    or other taxes and Excise Taxes attributable to all amounts, including income
    taxes, payable under this Section 7, so that after payment of all income,
    Excise and other taxes with respect to the amounts due to the Employee under
    this Agreement, the Employee will retain the same net after tax amount with
respect to such payments as if no Excise Taxes had been imposed. 

  8.    Governing Law. This Agreement is governed by, and is to be construed and enforced in accordance with, the laws of the State of Connecticut. If under such laws any portion of this Agreement is at any time deemed to be in conflict with any applicable statute, rule, regulation, or ordinance, such portion shall be deemed to be modified or altered to conform thereto or, if that is not possible, to be omitted from this Agreement, and the invalidity of any such portion shall not affect the force, effect, and validity of the remaining portion hereof. 

  9.    Notices. All notices under this Agreement shall be in writing and shall be deemed effective when delivered in person (in the Company's case, to its Secretary) or seventy-two (72) hours after deposit thereof in the U.S. mail, postage prepaid, for delivery as registered or certified mail – addressed, in the

14

case of the Employee, to the Employee at Employee's residential address, and
    in the case of the Company, to its corporate headquarters, attention of the
    Secretary, or to such other address as the Employee or the Company may designate
    in writing at any time or from time to time to the other party. In lieu of
    personal notice or notice by deposit in the U.S. mail, a party may give notice
    by telegram, fax or telex. 

  10.    Miscellaneous. This Agreement may be amended only by a subsequent written agreement of the Employee and the Company. This Agreement shall be binding upon and shall inure to the benefit of the Employee, the Employee's heirs, executors, administrators, beneficiaries, and assigns and to the benefit of the Company and its successors. Notwithstanding anything in this Agreement to the contrary, nothing herein shall prevent or interfere with the ability of the Company to terminate the employment of the Employee prior to a Change in Control nor be construed to entitle Employee to be continued in employment prior to a Change in Control and this Agreement shall terminate if Employee or the Company terminates Employee's employment prior to a Change in Control. Similarly, nothing herein shall prevent the Employee from retiring under any of the Company's retirement plans and receiving the corresponding benefits thereunder consistent with the treatment of other
 Company employees.  	 	

  
11.    Fees and Expenses.
    The Company shall pay all reasonable legal fees and related expenses incurred
    by the Employee in connection with this Agreement following a Change in 

15

Control of the Company, including without limitation, all such fees and expenses,
    if any, incurred in connection with: (i) contesting or disputing, any termination
    of the Employee's employment hereunder; or (ii) the Employee seeking to obtain
    or enforce any right or benefit provided by the Agreement. 

  12.    Arbitration. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in Connecticut by three arbitrators in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction; provided, however, that the Employee shall be entitled to be paid as if his or her employment continued during the pendency of any dispute or controversy arising under or in connection with this Agreement. The Company shall bear all costs and expenses arising in connection with any arbitration pursuant to this Section 12.

16

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the year and day first above written. 

	 	 	 	 	THE PERKIN-ELMER
    CORPORATION 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	By:	/s/ Tony
    L. White
	 	 	 	 	 	

	 	 	 	 	 	 	Tony L. White

Chairman, President and

Chief Executive Officer
	 	 	 	 	 	 	 
	ATTEST:	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:	/s/ William
    B. Sawch	 	 	 	 
	 	
	 	 	 	 
	 	 	William B. Sawch 

Vice President 

General Counsel & Secretary	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	ACCEPTED
    AND AGREED:
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	/s/   Ugo
    D. DeBlasi
	 	 	 	 	

17

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