Document:

AMENDED AND RESTATED 1996 INCENTIVE AND NON-QUALIFIED STOCK OPTION PLAN

 Exhibit 10.3 
 KVH INDUSTRIES, INC. 
 AMENDED AND RESTATED 
 1996 INCENTIVE AND NONQUALIFIED STOCK OPTION PLAN 
 (AS AMENDED ON MAY 26, 1999, MAY 23, 2001 AND JULY 26, 2007) 
 SECTION 1. PURPOSE 

This Amended and Restated 1996 Incentive and Nonqualified Stock Option Plan (the “Plan”) of KVH Industries, Inc., a Delaware corporation
(the “Company”), is designed to provide additional incentive to executives and other key employees of the Company and its subsidiaries and for certain other individuals providing services to or acting as directors of the Company and its
subsidiaries. The Company intends that this purpose will be effected by the granting of incentive stock options (“Incentive Stock Options”) as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”), and nonqualified stock options (“Nonqualified Options”) under the Plan which afford such executives, key employees, directors and other eligible individuals an opportunity to acquire or increase their proprietary
interest in the Company through the acquisition of shares of its Common Stock. The Company intends that Incentive Stock Options issued under the Plan will qualify as “incentive stock options” as defined in Section 422 of the Code and
the terms of the Plan shall be interpreted in accordance with this intention. The term “subsidiary” shall have the meaning set forth in Section 424 of the Code. 
 SECTION 2. ADMINISTRATION 
 2.1
THE COMMITTEE. The Plan shall be administered by a Committee (the “Committee”) consisting of at least two (2) “Outside Directors” who may also be members of the Compensation Committee. As used herein, the term
“Outside Director” means any director who (i) is not an employee of the Company or of any “affiliated group,” as such term is defined in Section 1504(a) of the Code, which includes the Company (an
“Affiliate”), (ii) is not a former employee of the Company or any Affiliate who is receiving compensation for prior services (other than benefits under a tax-qualified retirement plan) during the Company’s or any Affiliate’s
taxable year, (iii) has not been an officer of the Company or any Affiliate and (iv) does not receive remuneration from the Company or any Affiliate, either directly or indirectly, in any capacity other than as a director. None of the
members of the Committee shall have been granted any incentive stock option or nonqualified option under this Plan (other than pursuant to Section 4.4) or any other stock option plan of the Company within one year prior to service on the
Committee. It is the intention of the Company that the Plan shall be administered by “disinterested persons” within the meaning of Rule 16b-3 under the Securities Exchange Act of 1934 (the “Exchange Act”), but the authority and
validity of any act taken or not taken by the Committee shall not be affected if any person administering the Plan is not a disinterested person. Except as specifically reserved to the Company’s Board of Directors (the “Board”) under
the terms of the Plan, the Committee shall have full and final authority to operate, manage and administer the Plan on behalf of the Company. Action by the Committee shall require the affirmative vote of a majority of all members thereof.

  

 2.2 POWERS OF THE COMMITTEE. Subject to the terms and conditions of the Plan, the Committee shall
have the power: 
 (a) To determine from time to time the persons eligible to receive options and the options to be granted to such persons
under the Plan and to prescribe the terms, conditions, restrictions, if any, and provisions (which need not be identical) of each option granted under the Plan to such persons; 
 (b) To construe and interpret the Plan and options granted thereunder and to establish, amend, and revoke rules and regulations for administration of the
Plan. In this connection, the Committee may correct any defect or supply any omission, or reconcile any inconsistency in the Plan, or in any option agreement, in the manner and to the extent it shall deem necessary or expedient to make the Plan
fully effective. All decisions and determinations by the Committee in the exercise of this power shall be final and binding upon the Company and optionees; 
 (c) To make, in its sole discretion, changes to any outstanding option granted under the Plan, including: (i) to reduce the exercise price, (ii) to accelerate the vesting schedule or (iii) to extend the
expiration date; and 
 (d) Generally, to exercise such powers and to perform such acts as are deemed necessary or expedient to promote the
best interests of the Company with respect to the Plan. 
 SECTION 3. STOCK 
 3.1 STOCK TO BE ISSUED. The stock subject to the options granted under the Plan shall be shares of the Company’s authorized but unissued
Class A Common Stock, $.01 par value (the “Common Stock”), or shares of the Company’s Class A Common Stock held in treasury. The total number of shares that may be issued pursuant to options granted under the Plan shall not
exceed an aggregate of 1,915,000 shares of Common Stock; provided, however, that the class and aggregate number of shares which may be subject to options granted under the Plan shall be subject to adjustment as provided in Section 8 hereof.

 3.2 EXPIRATION, CANCELLATION OR TERMINATION OF OPTION. Whenever any outstanding option under the Plan expires, is cancelled or is
otherwise terminated (other than by exercise), the shares of Common Stock allocable to the unexercised portion of such option may again be the subject of options under the Plan. 
 3.3 LIMITATION ON GRANTS. In no event may any Plan participant be granted options with respect to more than 120,000 shares of Common Stock in any
calendar year. The number of shares of Common Stock issuable pursuant to an option granted to a Plan participant in a calendar year that is subsequently forfeited, cancelled or otherwise terminated shall continue to count toward the foregoing
limitation in such calendar year. In addition, if the exercise price of an option is subsequently reduced, the transaction shall be deemed a cancellation of the original option and the grant of a new one so that both transactions shall count toward
the maximum shares issuable in the calendar year of each respective transaction. 
  

 SECTION 4. ELIGIBILITY 
 4.1 PERSONS ELIGIBLE. Incentive Stock Options under the Plan may be granted only to officers and other employees of the Company or its
subsidiaries. Nonqualified Options may be granted to officers or other employees of the Company or its subsidiaries, and to members of the Board and consultants or other persons who render services to the Company (regardless of whether they are also
employees), provided, however, that no such option may be granted to a person who is a member of the Committee at the time of grant other than pursuant to Section 4.4. 
 4.2 GREATER-THAN-TEN-PERCENT STOCKHOLDERS. Except as may otherwise be permitted by the Code or other applicable law or regulation, no Incentive
Stock Option shall be granted to an individual who, at the time the option is granted, owns (including ownership attributed pursuant to Section 424 of the Code) more than ten percent of the total combined voting power of all classes of stock of
the Company or any subsidiary (a “greater-than-ten-percent stockholder”), unless such Incentive Stock Option provides that (i) the purchase price per share shall not be less than one hundred ten percent of the fair market value of the
Common Stock at the time such option is granted, and (ii) that such option shall not be exercisable to any extent after the expiration of five years from the date it is granted. 
 4.3 MAXIMUM AGGREGATE FAIR MARKET VALUE. The aggregate fair market value (determined at the time the option is granted) of the Common Stock with
respect to which Incentive Stock Options are exercisable for the first time by any optionee during any calendar year (under the Plan and any other plans of the Company or its subsidiary for the issuance of incentive stock options) shall not exceed
$100,000 (or such greater amount as may from time to time be permitted with respect to incentive stock options by the Code or any other applicable law or regulation). 
 4.4 OPTION GRANTS TO NON-EMPLOYEE DIRECTORS. As compensation for services to the Company, each director of the Company who is not an employee of the Company or any subsidiary of the Company (a
“Non-Employee Director”) in office on the date of the closing of the initial public offering of the Common Stock of the Company, and each other Non-Employee Director upon his or her initial election to the Board subsequent to said closing
of the initial public offering, shall be automatically granted a Nonqualified Option to purchase 10,000 shares of Common Stock of the Company (the “Initial Option Grant”). In addition, any director of the Company who is elected to the
Board but who is not a Non-Employee Director at the time of his or her initial election and later becomes a Non-Employee Director shall automatically receive an Initial Option Grant to purchase 10,000 shares of Common Stock of the Company upon his
or her first election to the Board as a Non-Employee Director. Each Initial Option Grant shall vest with respect to 2,500 shares on each three-month anniversary of the date of grant, provided that the optionee is a director of the Company on each
such three-month anniversary, and shall expire on the fifth annual anniversary of the date of grant. At the first meeting of the Board of Directors following each annual meeting of stockholders, commencing with the first meeting of the Board of
Directors following the Company’s annual meeting of stockholders in 1997, each Non-Employee Director (other than any Non-Employee Director who has received an Initial Option Grant as a result of election to the Board at such meeting) shall be
automatically granted an additional Nonqualified Option to purchase 5,000 shares of Common 

 
Stock of the Company (the “Subsequent Option Grant”). Each Subsequent Option Grant shall be exercisable in its entirety on the date of grant and
shall expire on the fifth annual anniversary of the date of grant. The exercise price per share of Common Stock of each Nonqualified Option granted pursuant to this Section 4.4 shall be equal to the fair market value of the Common Stock on the
date the Nonqualified Option is granted, such fair market value to be determined in accordance with the provisions of Section 6.3. 
 No
Nonqualified Option granted under this Section 4.4 shall be transferable by the optionee otherwise than by will or by the laws of descent and distribution, and such Options shall be exercisable during the optionee’s lifetime only by the
optionee. Any Nonqualified Option granted to a Non-Employee Director and outstanding on the date of his or her death may be exercised by the legal representative or legatee of the optionee until the expiration of the stated term of the option.

 Nonqualified Options granted under this Section 4.4 may be exercised only by written notice to the Company specifying the number of
shares to be purchased. Payment of the full purchase may be made by one or more of the methods specified in Section 7.2. An optionee shall have the rights of a stockholder only as to shares acquired upon the exercise of an option and not as to
unexercised options. 
 The provisions of this Section 4.4 shall apply only to options granted or to be granted to Non-Employee
Directors, and shall not be deemed to modify, limit or otherwise apply to any other provision of this Plan or to any option issued under this Plan to a participant who is not a Non-Employee Director of the Company. To the extent inconsistent with
the provisions of any other Section of this Plan, the provisions of this Section 4.4 shall govern the rights and obligations of the Company and Non-Employee Directors respecting options granted or to be granted to Non-Employee Directors.

 SECTION 5. TERMINATION OF EMPLOYMENT OR DEATH OF OPTIONEE 
 5.1 TERMINATION OF EMPLOYMENT. Except as may be otherwise expressly provided herein, options shall terminate on the earlier of: 
 (a) the date of expiration thereof, 
 (b) the
date of termination of the optionee’s employment with or services to the Company by it for cause (as determined by the Company), or voluntarily by the optionee; or 
 (c) thirty days after the date of termination of the optionee’s employment with or services to the Company by it without cause; 
 PROVIDED THAT Nonqualified Options granted to persons who are not employees of the Company need not, unless the Committee determines otherwise, be subject to the provisions set forth in clauses (b) and
(c) above. 
 An employment relationship between the Company and the optionee shall be deemed to exist during any period in which the
optionee is employed by the Company or any subsidiary. Whether authorized leave of absence, or absence on military or government service, shall 

 
constitute termination of the employment relationship between the Company and the optionee shall be determined by the Committee at the time thereof.

 As used herein, “cause” shall mean (x) any material breach by the optionee of any agreement to which the optionee and the
Company are both parties, (y) any act or omission to act by the optionee which may have a material and adverse effect on the Company’s business or on the optionee’s ability to perform services for the Company, including, without
limitation, the commission of any crime (other than ordinary traffic violations), or (z) any material misconduct or material neglect of duties by the optionee in connection with the business or affairs of the Company or any affiliate of the
Company. 
 5.2 DEATH OR PERMANENT DISABILITY OF OPTIONEE. In the event of the death or permanent and total disability of the holder
of an option prior to termination of the optionee’s employment with or services to the Company and before the date of expiration of such option, such option shall terminate on the earlier of such date of expiration or one year following the
date of such death or disability. After the death of the optionee, his/her executors, administrators or any person or persons to whom his/her option may be transferred by will or by the laws of descent and distribution, shall have the right, at any
time prior to such termination, to exercise the option to the extent the optionee was entitled to exercise such option immediately prior to his/her death. An optionee is permanently and totally disabled if he/she is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to last for a continuous period of not less than twelve months; permanent and total disability shall be determined in accordance
with Section 22(e)(3) of the Code and the regulations issued thereunder. 
 SECTION 6. TERMS OF THE OPTION AGREEMENTS 

Each option agreement shall be in writing and shall contain such terms, conditions, restrictions, if any, and provisions as the Committee shall from
time to time deem appropriate. Such provisions or conditions may include without limitation restrictions on transfer, repurchase rights, or such other provisions as shall be determined by the Committee; PROVIDED THAT such additional provisions shall
not be inconsistent with any other term or condition of the Plan and such additional provisions shall not cause any Incentive Stock Option granted under the Plan to fail to qualify as an incentive option within the meaning of Section 422 of the
Code. Option agreements need not be identical, but each option agreement by appropriate language shall include the substance of all of the following provisions: 
 6.1 EXPIRATION OF OPTION. Subject to Section 4.4 hereof, notwithstanding any other provision of the Plan or of any option agreement, each option shall expire on the date specified in the option agreement,
which date shall not, in the case of an Incentive Stock Option, be later than the tenth anniversary (fifth anniversary in the case of a greater-than-ten-percent stockholder) of the date on which the option was granted, or as specified in
Section 5 hereof. 
 6.2 EXERCISE. Subject to Sections 4.4 and 7.3 hereof, each option may be exercised, so long as it is valid
and outstanding, from time to time in part or as a whole, subject to any limitations with respect to the number of shares for which the option may be exercised at a particular time and to such other conditions as the Committee in its discretion may
specify upon 

 
granting the option. 
 6.3 PURCHASE
PRICE. Subject to Section 4.4 hereof, the purchase price per share under each option shall be determined by the Committee at the time the option is granted; provided, however, (i) that the option price of any Incentive Stock Option
shall not, unless otherwise permitted by the Code or other applicable law or regulation, be less than the fair market value of the Common Stock on the date the option is granted (110% of the fair market value in the case of a
greater-than-ten-percent stockholder), and (ii) that, unless approved by the holders of a majority of the shares present and entitled to vote at a duly convened meeting of the Company’s stockholders, the option price of any stock option
shall not be less than the fair market value of the Common Stock on the date the option is granted and the exercise price of any outstanding stock option grant under any existing or future stock option plan may not be reduced. Subsection 6.3(ii)
hereof may not be amended or repealed without the affirmative vote of the holders of a majority of the shares of the Company present and entitled to vote at a duly convened meeting of the Company’s stockholders. For the purpose of the Plan the
fair market value of the Common Stock shall be the closing price per share on the date of grant of the option as reported by a nationally recognized stock exchange, or, if the Common Stock is not listed on such an exchange, as reported by the
National Association of Securities Dealers Automated Quotation System, Inc. (“NASDAQ”), or, if the Common Stock is not quoted on NASDAQ, the fair market value as determined by the Committee. 
 6.4 TRANSFERABILITY OF OPTIONS. Options shall not be transferable by the optionee otherwise than by will or under the laws of descent and
distribution, and shall be exercisable, during his or her lifetime, only by him or her. 
 6.5 RIGHTS OF OPTIONEES. No optionee shall
be deemed for any purpose to be the owner of any shares of Common Stock subject to any option unless and until the option shall have been exercised pursuant to the terms thereof, and the Company shall have issued and delivered the shares to the
optionee. 
 6.6 REPURCHASE RIGHT. The Committee may in its discretion provide upon the grant of any option hereunder that the Company
shall have an option to repurchase upon such terms and conditions as determined by the Committee all or any number of shares purchased upon exercise of such option. The repurchase price per share payable by the Company shall be such amount or be
determined by such formula as is fixed by the Committee at the time the option for the shares subject to repurchase is granted. In the event the Committee shall grant options subject to the Company’s repurchase option, the certificates, if any,
representing the shares purchased pursuant to such option shall carry a legend satisfactory to counsel for the Company referring to the Company’s repurchase option. 
 6.7 “LOCKUP” AGREEMENT. The Committee may in its discretion specify upon granting an option that the optionee shall agree for a period of time (not to exceed 180 days) from the effective date of any
registration of securities of the Company (upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities), not to sell, make any short sale of, loan, grant any option for the purchase of, or
otherwise dispose of any shares issued pursuant to the exercise of such option, without the prior written consent of the Company or such underwriters, as the case may be. 
  

 SECTION 7. METHOD OF EXERCISE; PAYMENT OF PURCHASE PRICE 
 7.1 METHOD OF EXERCISE. Any option granted under the Plan may be exercised by the optionee by delivering to the Company on any business day a
written notice specifying the number of shares of Common Stock the optionee then desires to purchase and specifying the address to which the certificates (if any) for, or other evidence of, such shares are to be mailed (the “Notice”),
accompanied by payment for such shares. 
 7.2 PAYMENT OF PURCHASE PRICE. Payment for the shares of Common Stock purchased pursuant to
the exercise of an option shall be made by: 
 (a) cash in an amount, or a check, bank draft or postal or express money order payable in an
amount, equal to the aggregate exercise price for the number of shares specified in the Notice; 
 (b) by delivery to the Company of shares
of Common Stock having a fair market value (as defined for purposes of Section 6.3 hereof) equal in amount to the aggregate exercise price of the Options being exercised; provided, however, that an optionholder may not utilize
this method of payment unless the following conditions are met: 
 (1) at the time the optionholder submits the outstanding
shares of Stock as payment of the aggregate exercise price of the Options being exercised, the optionholder shall have provided the Company with a letter stating that (a) the optionholder does not know of any material, non-public information
concerning the Company, and (b) the Company is not currently in a “blackout” period; and 
 (2) the transaction
shall have been approved by the President of the Company or its corporate counsel on the date on which the outstanding shares of Stock are tendered as payment of the aggregate exercise price of the Options being exercised. 
 (c) with the consent of the Committee, a personal recourse note issued by the optionee to the Company in a principal amount equal to such aggregate
exercise price and with such other terms, including interest rate and maturity, as the Committee may determine in its discretion; PROVIDED THAT the interest rate borne by such note shall not be less than the lowest applicable federal rate, as
defined in Section 1274(d) of the Code; 
 (d) with the consent of the Committee, such other consideration that is acceptable to the
Committee and that has a fair market value, as determined by the Committee, equal to such aggregate exercise price, including any broker-directed cashless exercise/resale procedure adopted by the Committee; or 
 (e) with the consent of the Committee, any combination of the foregoing. 
 As promptly as practicable after receipt of the Notice and accompanying payment, the Company shall deliver to the optionee the number of shares with respect to which such option has been so exercised, issued in the
optionee’s name; provided, however, that such delivery shall 

 
be deemed effected for all purposes when the Company or a stock transfer agent of the Company shall have either (i) deposited stock certificates
representing such shares in the United States mail, addressed to the optionee, at the address specified in the Notice, or (ii) placed such shares in electronic form in an account in the optionee’s name. 
 7.3 SPECIAL LIMITS AFFECTING SECTION 16(B) OPTION HOLDERS. Shares issuable upon exercise of options granted to a person who in the opinion of the
Committee may be deemed to be a director or officer of the Company within the meaning of Section 16(b) of the Exchange Act and the rules and regulations thereunder shall not be sold or disposed of until after the expiration of six months
following the date of grant. 
 SECTION 8. CHANGES IN COMPANY’S CAPITAL STRUCTURE 
 8.1 RIGHTS OF COMPANY. The existence of outstanding options shall not affect in any way the right or power of the Company or its stockholders to
make or authorize, without limitation, any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of Common Stock,
or any issue of bonds, debentures, preferred or prior preference stock or other capital stock ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part
of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 8.2 RECAPITALIZATION,
STOCK SPLITS AND DIVIDENDS. If the Company shall effect a subdivision or consolidation of shares or other capital readjustment, the payment of a stock dividend, or other increase or reduction of the number of shares of the Common Stock
outstanding, in any such case without receiving compensation therefor in money, services or property, then (i) the number, class, and price per share of shares of stock subject to outstanding options hereunder shall be appropriately adjusted in
such a manner as to entitle an optionee to receive upon exercise of an option, for the same aggregate cash consideration, the same total number and class of shares as he or she would have received as a result of the event requiring the adjustment
had he or she exercised his or her option in full immediately prior to such event; (ii) the number and class of shares with respect to which options may be granted under the Plan; and (iii) the number and class of shares set forth in
Sections 3.3 and 4.4 shall be adjusted by substituting for the total number of shares of Common Stock then reserved for issuance under the Plan that number and class of shares of stock that the owner of an equal number of outstanding shares of
Common Stock would own as the result of the event requiring the adjustment. 
 8.3 MERGER WITHOUT CHANGE OF CONTROL. After a merger of
one or more corporations into the Company, or after a consolidation of the Company and one or more corporations in which (i) the Company shall be the surviving corporation, and (ii) the stockholders of the Company immediately prior to such
merger or consolidation own after such merger or consolidation shares representing at least fifty percent of the voting power of the Company, each holder of an outstanding option shall, at no additional cost, be entitled upon exercise of such option
to receive in lieu of the number of shares as to which such option shall then be so exercisable, the number and class of shares of stock or other securities to which such holder would have been entitled pursuant to the terms of the agreement of
merger or 

 
consolidation if, immediately prior to such merger or consolidation, such holder had been the holder of record of a number of shares of Common Stock equal to
the number of shares for which such option was exercisable. 
 8.4 SALE OR MERGER WITH CHANGE OF CONTROL. If the Company is merged
into or consolidated with another corporation under circumstances where the Company is not the surviving corporation, or if there is a merger or consolidation where the Company is the surviving corporation but the stockholders of the Company
immediately prior to such merger or consolidation do not own after such merger or consolidation shares representing at least fifty percent of the voting power of the Company, or if the Company is liquidated, or sells or otherwise disposes of
substantially all of its assets to another corporation while unexercised options remain outstanding under the Plan, (i) subject to the provisions of clause (iii) below, after the effective date of such merger, consolidation, liquidation,
sale or disposition, as the case may be, each holder of an outstanding option shall be entitled, upon exercise of such option, to receive, in lieu of shares of Common Stock, shares of such stock or other securities, cash or property as the holders
of shares of Common Stock received pursuant to the terms of the merger, consolidation, liquidation, sale or disposition; (ii) the Committee may accelerate the time for exercise of all unexercised and unexpired options to and after a date prior
to the effective date of such merger, consolidation, liquidation, sale or disposition, as the case may be, specified by the Committee; or (iii) all outstanding options may be cancelled by the Committee as of the effective date of any such
merger, consolidation, liquidation, sale or disposition provided that (x) notice of such cancellation shall be given to each holder of an option and (y) each holder of an option shall have the right to exercise such option to the extent
that the same is then exercisable or, if the Committee shall have accelerated the time for exercise of all unexercised and unexpired options, in full during the 30-day period preceding the effective date of such merger, consolidation, liquidation,
sale or disposition. 
 8.5 ADJUSTMENTS TO COMMON STOCK SUBJECT TO OPTIONS. Except as hereinbefore expressly provided, the issue by
the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or
upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock then subject
to outstanding options. 
 8.6 MISCELLANEOUS. Adjustments under this Section 8 shall be determined by the Committee, and such
determinations shall be conclusive. No fractional shares of Common Stock shall be issued under the Plan on account of any adjustment specified above. 
 SECTION 9. GENERAL RESTRICTIONS 
 9.1 INVESTMENT REPRESENTATIONS. The Company may require any
person to whom an option is granted, as a condition of exercising such option, to give written assurances in substance and form satisfactory to the Company to the effect that such person is acquiring the Common Stock subject to the option for his or
her own account for investment and not with any present intention of selling or otherwise distributing the same, and to such other effects as the Company deems necessary or appropriate in order to comply with federal and applicable state 

 
securities laws. 
 9.2 COMPLIANCE WITH
SECURITIES LAWS. The Company shall not be required to sell or issue any shares under any option if the issuance of such shares shall constitute a violation by the optionee or by the Company of any provisions of any law or regulation of any
governmental authority. In addition, in connection with the Securities Act of 1933, as now in effect or hereafter amended (the “Act”), upon exercise of any option, the Company shall not be required to issue such shares unless the Committee
has received evidence satisfactory to it to the effect that the holder of such option will not transfer such shares except pursuant to a registration statement in effect under such Act or unless an opinion of counsel satisfactory to the Company has
been received by the Company to the effect that such registration is not required. Any determination in this connection by the Committee shall be final, binding and conclusive. In the event the shares issuable on exercise of an option are not
registered under the Act, the Company may imprint upon any certificate representing shares so issued the following legend or any other legend which counsel for the Company considers necessary or advisable to comply with the Act and with applicable
state securities laws: 
 The shares of stock represented by this certificate have not been registered under the Securities Act of 1933 or
under the securities laws of any State and may not be sold or transferred except upon such registration or upon receipt by the Corporation of an opinion of counsel satisfactory to the Corporation, in form and substance satisfactory to the
Corporation, that registration is not required for such sale or transfer. 
 The Company may, but shall in no event be obligated to, register
any securities covered hereby pursuant to the Act; and in the event any shares are so registered the Company may remove any legend on certificates representing such shares. The Company shall not be obligated to take any other affirmative action in
order to cause the exercise of an option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental authority. 
 9.3 EMPLOYMENT OBLIGATION. The granting of any option shall not impose upon the Company any obligation to employ or continue to employ any optionee; and the right of the Company to terminate the employment of
any officer or other employee shall not be diminished or affected by reason of the fact that an option has been granted to him or her. 
 SECTION 10. WITHHOLDING TAXES 
 10.1 RIGHTS OF COMPANY. The Company may require an employee exercising a Nonqualified
Option, or disposing of shares of Common Stock acquired pursuant to the exercise of an Incentive Option in a disqualifying disposition (as defined in Section 421(b) of the Code), to reimburse the Company for any taxes required by any government
to be withheld or otherwise deducted and paid by the Company in respect of the issuance or disposition of such shares. In lieu thereof, the Company shall have the right to withhold the amount of such taxes from any other sums due or to become due
from the Company to the employee upon such terms and conditions as the Company may prescribe. The Company may, in its discretion, hold the shares to which such employee is otherwise entitled upon the exercise of an Option as security for the payment
of any such withholding tax liability, until cash sufficient to pay that liability has been received or accumulated. 
  

 10.2 PAYMENT IN SHARES. An employee may elect to have such tax withholding obligation satisfied,
in whole or in part, by (i) authorizing the Company to withhold from shares of Common Stock to be issued pursuant to the exercise of a Nonqualified Option a number of shares with an aggregate fair market value (as defined in Section 6.3
hereof determined as of the date the withholding is effected) that would satisfy the withholding amount due with respect to such exercise, or (ii) transferring to the Company shares of Common Stock owned by the employee with an aggregate fair
market value (as defined in Section 6.3 hereof determined as of the date the withholding is effected) that would satisfy the withholding amount due. With respect to any employee who is subject to Section 16 of the Exchange Act, the
following additional restrictions shall apply: 
 (a) the election to satisfy tax withholding obligations relating to an option exercise in
the manner permitted by this Section 10.2 shall be made either (1) during the period beginning on the third business day following the date of release of quarterly or annual summary statements of sales and earnings of the Company and
ending on the twelfth business day following such date, or (2) at least six (6) months prior to the date of exercise of the option; 
 (b) such election shall be irrevocable; 
 (c) such election shall be subject to the consent or approval of the Committee; and

 (d) the Common Stock withheld to satisfy tax withholding, if granted at the discretion of the Committee, must pertain to an option which
has been held by the employee for at least six (6) months from the date of grant of the option. 
 10.3 NOTICE OF DISQUALIFYING
DISPOSITION. Each holder of an Incentive Option shall agree to notify the Company in writing immediately after making a disqualifying disposition (as defined in Section 421(b) of the Code) of any Common Stock purchased upon exercise of the
Incentive Option. 
 SECTION 11. AMENDMENT OR TERMINATION OF PLAN 
 11.1 AMENDMENT. The Board may terminate the Plan and may amend the Plan at any time, and from time to time, subject to the limitation that, except
as otherwise provided herein, no amendment shall be effective unless approved by the stockholders of the Company in accordance with applicable law and regulations, at an annual or special meeting held within 12 months before or after the date of
adoption of such amendment, in any instance in which such amendment would: (i) increase the number of shares of Common Stock that may be issued under, or as to which Options may be granted pursuant to, the Plan; or (ii) change in substance
the provisions of Section 4 hereof relating to eligibility to participate in the Plan. In addition, the provisions of Section 4.4 shall not be amended more than once every six months, other than to comport with changes in the Code, the
Employee Retirement Income Security Act, or the rules thereunder. In addition, the provisions of Subsection 6.3(ii) may not be amended or repealed without the affirmative vote of the holders of a majority of the shares of Common Stock present and
entitled to vote at a duly convened meeting of the Company’s stockholders. Without limiting the generality of the foregoing, the Board is expressly authorized to amend the Plan, at any time 

 
and from time to time, to confirm it to the provisions of Rule 16b-3 under the Exchange Act, as that Rule may be amended from time to time. 
 Except as otherwise provided herein, the rights and obligations under any option granted before amendment of this Plan or any unexercised portion of such
option shall not be adversely affected by amendment of this Plan or such option without the consent of the holder of such option. 
 11.2
TERMINATION. This Plan shall terminate as of the tenth anniversary of its effective date. The Board may terminate this Plan at any earlier time for any or no reason. No Option may be granted after the Plan has been terminated. No Option granted
while this Plan is in effect shall be altered or impaired by termination of this Plan, except upon the consent of the holder of such Option. The power of the Committee to construe and interpret this Plan and the Options granted prior to the
termination of this Plan shall continue after such termination. 
 SECTION 12. NONEXCLUSIVITY OF PLAN 
 Neither the adoption of this Plan by the Board of Directors nor the submission of this Plan to the stockholders of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including the granting of stock options otherwise than under this Plan, and such arrangements may be either
applicable generally or only in specific cases. 
 SECTION 13. EFFECTIVE DATE AND DURATION OF PLAN 
 This Plan shall become effective upon its adoption by the Board, PROVIDED that the stockholders of the Company shall have approved this Plan within
twelve months prior to or following the adoption of this Plan by the Board. Subject to the foregoing, options may be granted under the Plan at any time subsequent to its effective date; PROVIDED, HOWEVER, that (a) no such option shall be
exercised or exercisable unless the stockholders of the Company shall have approved the Plan within twelve months prior to or following the adoption of this Plan by the Board, and (b) all options issued prior to the date of such
stockholders’ approval shall contain a reference to such condition. No option may be granted under the Plan after the tenth anniversary of the effective date. The Plan shall terminate (i) when the total amount of the Common Stock with
respect to which options may be granted shall have been issued upon the exercise of options or (ii) by action of the Board of Directors pursuant to Section 11 hereof, whichever shall first occur. 
 SECTION 14. PROVISIONS OF GENERAL APPLICATION 
 14.1 SEVERABILITY. The invalidity or unenforceability of any provision of this Plan shall not affect the validity or enforceability of any other provision of this Plan, each of which shall remain in full force
and effect. 
 14.2 CONSTRUCTION. The headings in this Plan are included for convenience only and shall not in any way effect the
meaning or interpretation of this Plan. Any term defined in the singular shall include the plural, and vice versa. The words “herein,” “hereof” and “hereunder” refer to this Plan as a whole and not to any particular
part of this Plan. The word 

 
“including” as used herein shall not be construed so as to exclude any other thing not referred to or described. 
 14.3 FURTHER ASSURANCES. The Company and any holder of an option shall from time to time execute and deliver any and all further instruments,
documents and agreements and do such other and further acts and things as may be required or useful to carry out the intent and purpose of this Plan and such option and to assure to the Company and such option holder the benefits contemplated by
this Plan; PROVIDED, HOWEVER, that neither the Company nor any option holder shall in any event be required to take any action inconsistent with the provisions of this Plan. 
 14.4 GOVERNING LAW. This Plan and each Option shall be governed by the laws of the State of Delaware.Second Amended and Restated Employment Agreement, Gregg L Summe

 Exhibit 10.1 
 SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This Second Amended and Restated Employment
Agreement (the “Agreement”) is entered into as of the 25th day of July, 2007 between PerkinElmer, Inc., a Massachusetts corporation (hereinafter called the “Company”), and Gregory L. Summe (hereinafter referred to as the
“Employee”). 
 WITNESSETH: 
 WHEREAS, the Employee and the Company entered into an Amended and Restated Employment Agreement
effective as of the 8th day of January, 2004 (the “First Restated Agreement”); and 
 WHEREAS, the parties desire to provide for an orderly transition to the Employee’s successor as President and Chief Executive Officer
(“CEO”) of the Company between the date hereof and the date of the Company’s 2009 Annual Meeting of Shareholders (the “2009 Meeting Date”), when (unless sooner terminated as provided for herein) the Employee’s
employment with the Company and this Agreement will terminate; and 
 WHEREAS, in connection with the foregoing, the Employee and the Company
wish to amend and restate the First Restated Agreement, with this Agreement to supersede all prior employment agreements between the parties; 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 
  

	1.      (a)	Except as hereinafter otherwise provided, the Company agrees to employ the Employee as the President and CEO of the Company through July 31, 2007; CEO from August 1, 2007
through January 31, 2008; and Executive Chairman from February 1, 2008 through the 2009 Meeting Date, and the Employee agrees to remain in the employment of the Company in such capacities through those dates. 

  

	 	(b)	Subject to the fiduciary obligations of the Company’s Board of Directors, the Company will use reasonable efforts to cause the Employee to be elected Chairman of the Board of
Directors until the 2009 Meeting Date, at which time the Employee will step down as the Company’s Chairman and a member of the Board of Directors. 

  

	2.	The Employee shall work full-time through January 31, 2008. From February 1, 2008 through the 2009 Meeting Date, the Employee shall serve as Executive Chairman and shall
work under the direction of and on such matters as may be reasonably assigned to him by the Board of Directors or its designee, provided that the Employee shall not be required to work on average more than 25 hours per week.

  

	3.	 The Employee agrees that, during the specified period of employment, he shall, to the best of his ability, perform his duties, and 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. The Company acknowledges that effective on or after February 1, 2008, the Employee is expected to be engaged in other employment, business matters, and investment activities, subject to the terms of this Agreement.

  

	4.	During the period of his employment under this Agreement, the Employee shall be compensated for his services as follows: 

  

	 	(a)	Except as provided in Paragraph (h) below, (i) during the period commencing on the date hereof and ending on January 31, 2008, the Employee shall be paid a salary at
an annual rate of $1,000,000 and (ii) during the period commencing on February 1, 2008 and ending on the 2009 Meeting Date, the Employee shall be paid a salary at an annual rate of $500,000. 

  

	 	(b)	The Employee 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)	The Employee shall be eligible to participate in the Company’s performance incentive plan during the 2007 fiscal year in accordance with Company policy (within the limitations
as stipulated by the Company’s plan). During the 2008 and 2009 fiscal years, the Employee shall be eligible to participate in the Company’s performance incentive plan (within the limitations as stipulated by the Company’s plan, and,
in the case of the 2009 fiscal year, pro rated for the portion of the year during which the Employee is employed by the Company) at his current award opportunity levels (minimum, target, maximum) expressed as a percentage of his base salary. The
Employee acknowledges that effective February 1, 2008, the reduction in his base salary contemplated by section 4(a) above will effect a corresponding reduction in the value of his potential awards under the Company’s performance incentive
plan. 

  

	 	(d)	The Employee acknowledges that he has previously received his grants of awards under the Company’s equity and long-term incentive plans for the 2007 fiscal year. The Employee
shall not be eligible to receive additional grants of awards under any of the Company’s equity or long-term incentive plans during the 2008 or 2009 fiscal years. 

  

	 	(e)	The Employee’s existing restricted stock awards, stock option awards, and performance units shall continue to be governed by the terms of the applicable plans and agreements.
For the avoidance of doubt, the Employee acknowledges that in the event that the Employee’s employment terminates upon the expiration of this Agreement on the 2009 Meeting Date, (i) the Employee shall forfeit all unvested restricted stock
awards, (ii) the Employee shall forfeit all unvested stock option awards, (iii) the Employee shall forfeit all unearned performance units, and (iv) the Employee shall have a period of 90 days from the 2009 Meeting Date to exercise his
vested stock options. 

  

 - 2 - 

	 	 (f)
	 Except as provided in Paragraph 4(d) and this Paragraph 4(f), until the expiration or termination of this Agreement, the
Employee shall be eligible to participate in the Company’s employee benefit plans and arrangements (including but not limited to health, life, disability, 401(k), and supplemental executive retirement plan (“SERP”)), to the extent he remains eligible to do so under the terms of such plans and to the extent that the Company continues such plans for its senior
executives. The Employee shall continue to receive a car allowance of $25,000 a year during 2007 and 2008 and in a prorated amount during the period from January 1, 2009 through the 2009 Meeting Date. The Employee shall also continue to be
eligible to use the Company plane for personal use for 50 hours a year during 2007 and 2008 and for a prorated number of hours for the period from January 1, 2009 until the 2009 Meeting Date. 

  

	 	(g)	If, because of adverse business conditions or for other reasons, the Company at any time puts into effect salary reductions applicable 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. 

  

	5.      (a)	During the period of his employment by the Company or for any period which the Company shall continue to pay the Employee his salary under this Agreement, whichever shall be the
longer, the Employee shall not directly or indirectly own, manage, control, operate, be employed by, participate in or be connected with the ownership, management, operation or control of any business which competes with the Company or its
subsidiaries, provided, however, that the foregoing shall not apply to ownership of stock in a publicly held corporation which ownership is disclosed to the Board of Directors nor shall it apply to any other relationship which is disclosed to and
approved by the Board of Directors. 

  

	 	(b)	During the period of his employment by the Company and thereafter the Employee shall not, without the written consent of the Company, utilize or disclose to others any proprietary
or confidential information of any type or description which term shall be construed to mean any information developed or identified by the Company which is intended to give it an advantage over its competitors or which could give a competitor an
advantage if obtained by it, unless and until such confidential information has become public knowledge through no fault of the Employee. Such information includes, but is not limited to, product or process design, specifications, manufacturing
methods, financial or statistical information about the Company, marketing or sales information about the Company, sources of supply, lists of customers, and the Company’s plans, strategies, and contemplated actions. The Employee will not
disclose any Proprietary Information to others outside the Company or use the same for any unauthorized purposes without written approval by an officer of the Company, either during or at any time after employment, unless and until such Proprietary
Information has become public knowledge without fault by the Employee. 

  

 - 3 - 

	 	(c)	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 7 without the prior approval of the Board of Directors.

  

	6.      (a)	Except for the Employee covenants set forth in Paragraph 5, which covenants shall remain in effect for the periods stated therein, and subject to Paragraph 7, this Agreement shall
terminate on the earlier of the 2009 Meeting Date or on the happening of any of the following events: 

  

	 	(i)	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 of such letter.

  

	 	(ii)	At the death of the Employee. 

  

	 	(iii)	At the termination of the Employee for cause. As used in the Agreement, the term “cause” shall mean: 

  

	 	(A)	Misappropriating any funds or property of the Company; 

  

	 	(B)	Unreasonable refusal to perform the duties assigned to him under this Agreement; 

  

	 	(C)	Conviction of a felony; 

  

	 	(D)	Violation of the Employee’s covenants as set forth in Paragraph 5 above; or 

  

	 	(E)	Continued failure by the Employee to observe any of the provisions of this Agreement after being informed of such breach. 

  

	 	(iv)	At termination of the Employee by the Company without cause. 

 Except as otherwise expressly provided herein, upon the termination of this Agreement as provided above, all of the Company’s obligations under this Agreement, including, but not limited to, making payments to the Employee, shall
immediately cease and terminate. 
  

	 	(b)	 Notwithstanding the foregoing provisions, in the event of the termination of the Employee by the Company without cause pursuant to Paragraph 6(a)(iv) prior to
February 1, 2008, the Employee shall, until three years from the date of such termination, (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 

  

 - 4 - 

	 	 
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, grants of equity awards and use of the Company plane) to the same extent (including coverage of dependents, if any) and upon the same terms as were in effect immediately prior to his termination to the
extent the Employee was then eligible to participate in such benefit plans and arrangements of the Company pursuant to this Agreement. In the event of the termination of the Employee by the Company without cause in accordance with this Paragraph
6(b), the Employee’s vested option awards shall remain exercisable through the period ending on the earlier of (A) the first anniversary of the date the Employee’s employment with the Company terminates, or (B) the expiration of
the original term of the option. In addition, effective on the date of the Employee’s termination by the Company without cause in accordance with this Paragraph 6(b), the Employee shall fully vest in all restricted stock awards, and the
Employee shall, for purposes of calculating the amount of his benefit payable under the SERP pursuant to Paragraph 5.1 thereof, be credited with three additional years of “credited service”. 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 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. 

  

	 	(c)	 Notwithstanding the foregoing provisions, in the event of the termination of the Employee by the Company without cause in accordance with Paragraph 6(a)(iv) from
and after February 1,2008 and prior to the 2009 Meeting Date, the Employee shall, until the 2009 Meeting Date, (i) continue to receive his Executive Chairman 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, grants of equity awards and use of the Company plane) to the same extent (including coverage of dependents, if any) and upon the same terms as were in effect immediately
prior to his termination to the extent the Employee was then eligible to participate in such benefit plans and arrangements of the Company pursuant to this Agreement. In the event of the termination of the Employee by the Company without cause in
accordance with this Paragraph 6(c), the Employee’s vested option awards shall remain exercisable through the period ending on the earlier of (A) the first anniversary of the date the Employee’s employment with the Company terminates,
or (B) the expiration of the original term of the option. In addition, effective on the date of the Employee’s termination by the Company without cause in accordance with this Paragraph 6(c), the Employee shall vest in restricted stock
awards to the extent that such restricted stock awards would have vested by the 2009 Meeting Date. For purposes of this Agreement, “Executive Chairman Salary” shall mean the Employee’s annual base salary, as described in Paragraph
4(a)(ii) herein plus an 

  

 - 5 - 

	 	 
amount equal to 50% of the amount of any payment under the Company’s performance incentive plan with respect to the last full fiscal year of the Company
for which bonus or incentive payments (excluding payments under the Company’s long-term incentive program) to be made have been made. 

  

	 	(d)	For the avoidance of doubt, the termination of the Employee’s employment as a result of the expiration of this Agreement on the 2009 Meeting Date shall not be considered a
termination without cause pursuant to Paragraph 6(a)(iv). 

  

	7.      (a)	In the event that there is a Change in Control of the Company (as defined below) prior to the 2009 Meeting Date: 

  

	 	(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: 

 “If a Change in Control of the Company occurs prior to February 1, 2008, except as hereinafter otherwise provided, the Company agrees to continue to employ the Employee in the position of Chief Executive
Officer of the Company, and the Employee agrees to remain in the employment in the Company in that capacity, until February 1, 2008. Except as provided in Paragraph 4(g), the Employee’s salary as set forth in Paragraph 4(a) and his other
employee benefits pursuant to the plans described in Paragraph 4(c) through 4(f) shall not be decreased during such period.” 
  

	 	(B)	Paragraph 6(a)(i) shall be amended by the addition of the following provisions at the end of such paragraph: 

 “, provided that the Employee agrees not to resign, except for Good Reason (as defined below), until February 1,2008.” 
  

	 	(C)	Paragraph 6(a)(ii) shall be deleted in its entirety. 

  

	 	(D)	Paragraph 6(b) shall be amended to read in its entirety as follows: 

 “Notwithstanding the foregoing provisions, if, prior to the 2009 Meeting Date, a Change in Control of the Company occurs, and 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 of termination for Good Reason, disability or death or (ii) by the Employee for Good Reason, (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 

  

 - 6 - 

	 	 
portion of his prior year’s bonus and (z) his Full Salary (as defined below) multiplied by three (provided, however, that if the Change in Control
is not described in Section 409A(a)(2)(v), such payment shall be made on the same schedule as provided in Paragraph 6(b) prior to the application of this Paragraph 7) and (B) the Employee shall for 36 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 pursuant to this Agreement. 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 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.” 

  

	 	(E)	Paragraph 6(c) shall be deleted in its entirety. 

  

	 	(F)	Paragraph 11 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 Employee’s outstanding restricted stock and option awards shall fully vest, and the vested option awards shall remain exercisable through the period ending on the earlier
of: 

  

	 	(A)	the later of (I) the third anniversary of the Change in Control or (II) the first anniversary of the date the Employee’s employment with the Company terminates, or

  

 - 7 - 

	 	(B)	the expiration of the original term of the option. 

  

	 	(iii)	The Employee shall become fully vested in the SERP and, for purposes of calculating the amount of his benefit payable under the SERP pursuant to Paragraph 5.1 thereof, shall be
credited with three additional years of “credited service”. 

  

	 	(iv)	Payments under this Agreement or any other plan or arrangement covering the Employee shall be made without regard to whether the deductibility of such payments (or any other
“parachute payments,” as that term is defined in Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), to or for the benefit of the Employee) would be limited or precluded by Section 280G and
without regard to whether such payments (or any other “parachute payments” as so defined in said Section 280G) would subject the Employee to the federal excise tax levied on certain “excess parachute payments” under
Section 4999 of the Code (the “Excise Tax”). The Employee shall be entitled to receive one or more payments (each a “Gross-Up Payment”) which shall be an amount equal to the sum of (a) the Excise Tax imposed on any
parachute payment, whether or not payable under this Agreement, and (b) the amount necessary to pay all additional taxes imposed on (or economically borne by) the Employee (including the Excise Tax, state and federal income taxes and all
applicable withholding taxes) attributable to the receipt of a Gross-Up Payment, computed assuming the application of the maximum tax rates provided by law, so that after the payment of all applicable income taxes and excise taxes, the Employee will
be in the same economic position in which he would have been if the Excise Tax had not been applicable. The determination of a Gross-Up Payment shall be made at the Company’s expense by the Company’s independent auditors or by such other
certified public accounting firm as the Board of Directors of the Company may designate prior to a Change in Control of the Company. A Gross-Up Payment shall be made 14 business days in advance of the due date of any Excise Tax, except that any
Gross-Up Payment related to payments pursuant to Paragraph 7(a)(i)(D) shall be made upon termination of employment. In the event of any underpayment or overpayment under this Paragraph 7(a)(iv) as determined by the Company’s independent
auditors (or such other firm as may have been designated in accordance with the preceding sentence), the amount of such underpayment or overpayment shall forthwith be paid to the Employee or refunded to the Company, as the case may be, with interest
at the applicable federal rate provided for in Section 7872(f)(2) of the Code; provided, however, in no event shall any reimbursement of the Employee for an underpayment be made later than the end of the calendar year following the calendar
year in which the Employee remits the related taxes to the applicable governmental authority. The provisions for Gross-Up Payment in this Paragraph 7(a)(iv) shall apply regardless of whether or not the Employee has terminated employment with the
Company. 

  

 - 8 - 

	 	(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): 

  

	 	(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 7(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 

  

 - 9 - 

	 	(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 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 of 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 prior to the expiration of this Agreement on the
2009 Meeting Date, each of which shall constitute a material negative change in the employment or consulting relationship: (i) a material diminution in the Employee’s base salary as in effect on the date hereof except in accordance with
this Agreement; (ii) a failure by the Company to pay an annual cash bonus to the Employee for fiscal year 2007 in an amount at least substantially equivalent to the actual annual cash bonus paid to the Employee for fiscal year 2006;
(iii) a failure by the Company to pay an annual cash bonus to the Employee for fiscal year 2008 in an amount at least substantially equivalent to 50% of the actual annual cash bonus paid to the Employee for fiscal year 2007; (iv) 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 

  

 - 10 - 

	 	 
favorable than existed immediately prior to the Change in Control; (v) any material diminution in the Employee’s position, duties, responsibilities
or title as in effect immediately prior to the Change in Control, except in accordance with the terms of this Agreement; (vi) 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 (vii) 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 Employee bases his claim for Good Reason within 90 days of the
initial existence of the condition. 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 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, the Company shall not owe the amounts otherwise required to be paid under this Paragraph 7. The Employee’s right to terminate his employment for Good Reason
shall not be affected by his incapacity due to physical or mental illness. 

  

	 	(d)	The Employee acknowledges that if a Change in Control of the Company does not occur prior to the expiration of this Agreement on the 2009 Meeting Date, the Employee shall not be
eligible for payment of any SERP benefits. 

  

	8.	The Employee agrees that, during the period beginning on the date hereof and continuing to and including the 2009 Meeting Date (the “Restricted Period”), the Employee will
not offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of Common Stock of the Company, or any options or warrants to purchase any shares of Common Stock of the Company, or any
securities convertible into, exchangeable for or that represent the right to receive shares of Common Stock of the Company, whether now owned or hereinafter acquired, owned directly by the Employee (including holding as a custodian) or with respect
to which the Employee has beneficial ownership within the rules and regulations of the Securities Exchange Commission (collectively the “Employee’s Shares”). The foregoing restriction is expressly agreed to preclude the Employee from
engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Employee’s Shares even if such shares would be disposed of by someone other than the
Employee. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to any of the Employee’s
Shares or with respect to any security that includes, relates to, or derives any significant part of its value from such shares. Notwithstanding the foregoing, the Employee may, during the Restricted Period, sell not more than (i) 900,000
shares of the Company’s Common Stock prior to January 1, 2008 and (ii) 2,400,000 shares of the Company’s Common Stock between January 1, 2008 and the 2009 Meeting Date, provided that any such sales are made in open market
transactions in accordance with applicable securities laws. 

  

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	  9.	The Employee shall have no duty to mitigate the amount of any payments contemplated by this Agreement. 

  

	10.	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. 

 

	11.	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 American Arbitration Association, 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 three arbitrators selected from the panel of the American Arbitration Association. The full cost of any such arbitration shall be borne by the
Company. 

  

	12.	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. 

  

	13.	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). 

  

	14.	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, including without limitation the First Restated Agreement,
are hereby canceled and of no effect. 

  

	15.	 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 

  

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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. 

  

	16.	The Company and the Employee agree that, in the event that the 2009 Meeting Date shall not have occurred by April 21, 2009, then the 2009 Meeting Date shall be deemed to have
occurred on such date. 

  

	17.	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
6 or 7 and that are provided under a so-called “self-insured” benefit plan which is subject to Section 105(h) of the Code 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 409 A;

  

	 	(c)	Except as provided in Paragraphs 17(a) or (b) above, or Paragraph 17(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 6 or 7 shall be paid or provided in accordance with the schedules set forth in Paragraphs 6 or 7, 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 under Paragraphs 6 and 7 shall be deemed to be a “separate payment” as that term is used for purposes of Section 409A, including the exemptions from Section 409A;

  

 - 13 - 

	 	(d)	The payments that are to be paid by the Company to the Employee under Paragraphs 6 or 7 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 17(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 6 or 7 in the absence of the application of Section 409A. For purposes of this Paragraph 17(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)	The payments that are otherwise scheduled to be paid to the Employee under Paragraphs 6 or 7 prior to the Delayed Payment Date (determined without regard to this Paragraph 17) that
exceed the amount calculated under Paragraph 17(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). 

  

	 	(h)	Except as provided in Section 7(a)(iv), 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. 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 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 25th day of
July, 2007, effective as of the day and year first above written. 
  

									
	(SEAL)	 		 	PERKINELMER, INC.
					
		 		 		 	By:	 	/s/ G. Robert Tod
		 		 		 		 	 G. Robert Tod
 Chairperson, Compensation
and
Benefits Committee

				
		 		 		 	/s/ Gregory L. Summe
		 		 		 	Gregory L. Summe

  

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