Document:

EX-10.78

 Exhibit 10.78 
 SIXTH AMENDMENT 
 TO THE 

EMPLOYMENT AGREEMENT 
 BETWEEN FOSTER WHEELER INC. 
 AND 

RAKESH K. JINDAL 
 This SIXTH AMENDMENT (this “Amendment”) to the Employment Agreement between FOSTER WHEELER INC., a Delaware corporation (the “Company”), and RAKESH K.
JINDAL (the “Executive”), which FOSTER WHEELER INTERNATIONAL CORPORATION executed as Guarantor, dated as of April 27, 2009 (the “Agreement”), is made and entered into as of November 8, 2013 (the
“Amendment Effective Date”). 
 WHEREAS, the Company entered into the Agreement with the Executive;

 WHEREAS, the Company and the Executive then entered into (i) a First Amendment to the Agreement, effective
January 18, 2010 (“First Amendment”), (ii) a letter amendment, effective April 1, 2010 (“Second Amendment”), (iii) a Third Amendment to the Agreement, effective May 25, 2010 (the
“Third Amendment”), (iv) a letter amendment, dated March 14, 2012 (the “Fourth Amendment”) and (v) a Fifth Amendment to the Agreement, effective October 29, 2012 (the “Fifth
Amendment” and together with the First Amendment, Second Amendment, Third Amendment and Fourth Amendment, the “Prior Amendments”); 
 WHEREAS, pursuant to Section 8.9 of the Agreement, an amendment to the Agreement may be made pursuant to the written consent of the Company and the Executive; and 

WHEREAS, the parties wish to amend the Agreement as set forth below. 

NOW THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, and in further
consideration of the following mutual promises, covenants and undertakings, the parties agree by executing this Amendment to amend the Agreement, as modified by the Prior Amendments, as follows: 

 

	1.	The definition of “For Cause by the Company” in Section 4.1.1(iii) of the Agreement is hereby amended in its entirety to read as follows:

 “(iii) For Cause By the Company: notice of termination for
“Cause.” As used herein, “Cause” means: 
 (A) conviction of a felony; 

(B) actual or attempted theft or embezzlement of Company or any Affiliated Company (as defined in Section 4.3.1)
assets; 
 (C) use of illegal drugs; 

(D) material breach of the Agreement that the Executive has not cured within thirty (30) days after the Company or
Affiliated Company, as applicable, has provided the Executive notice of the material breach which shall be given within sixty (60) days of the Company’s or Affiliated Company’s knowledge of the occurrence of the material breach;

 (E) commission of an act of moral turpitude that in the judgment of the
Parent’s Board can reasonably be expected to have an adverse effect on the business, reputation or financial situation of the Company or any Affiliated Company and/or the ability of the Executive to perform the Executive’s duties;

 (F) gross negligence or willful misconduct in performance of the Executive’s duties; 

(G) breach of fiduciary duty to the Company or any Affiliated Company; 

(H) willful refusal to perform the duties of Executive’s titled position; or 

(I) a material violation of the Foster Wheeler AG Code of Business Conduct and Ethics.” 

 

	2.	The definition of “Change of Control” in Section 4.3.1(ii) of the Agreement is hereby amended in its entirety to read as follows:

 “(ii) Change of Control. For the purpose of this Agreement, a “Change
of Control” shall mean: 
 (A) The acquisition by any individual, entity, or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of Beneficial Ownership of voting securities of the Parent where such acquisition causes such Person to own twenty percent (20%) or more of the combined voting
power of the then outstanding voting securities of the Parent entitled to vote generally in the election of directors (the “Outstanding Parent Voting Securities”), provided, however, that for purposes of this subparagraph (A), the
following acquisitions shall not be deemed to result in a Change of Control: (I) any acquisition directly from the Parent or any corporation or other legal entity controlled, directly or indirectly, by the Parent, (II) any acquisition by the
Parent or any corporation or other legal entity controlled, directly or indirectly, by the Parent, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Parent or any corporation or other legal entity
controlled, directly or indirectly, by the Parent, or (IV) any acquisition by any corporation pursuant to a transaction that complies with clauses (I), (II), and (III) of subparagraph (C) below; and provided, further, that if any Person’s
Beneficial Ownership of the Outstanding Parent Voting Securities reaches or exceeds twenty percent (20%) as a result of a transaction described in clause (I) or (II) above, and such Person subsequently acquires Beneficial Ownership of
additional voting securities of the Parent, such subsequent acquisition shall be treated as an acquisition that causes such Person to own twenty percent (20%) or more of the Outstanding Parent Voting Securities; 

(B) Individuals who, as of the date hereof, constitute the Board (such individuals, the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Parent’s
shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs 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; 

  
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 (C) The consummation of a reorganization, merger, amalgamation or
consolidation or sale or other disposition of all or substantially all of the assets of the Parent (“Business Combination”) or, if consummation of such Business Combination is subject to the consent of any government or governmental
agency, the later of the obtaining of such consent (either explicitly or implicitly by consummation) or the consummation of such Business Combination; excluding, however, such a Business Combination pursuant to which (I) all or substantially
all of the individuals and entities who were the Beneficial Owners of the Outstanding Parent Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of,
respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such
Business Combination (including, without limitation, a corporation that as a result of such transaction owns the Parent or all or substantially all of the Parent’s assets either directly or through one (1) or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Parent Voting Securities, (II) no Person (excluding any (x) corporation owned, directly or indirectly, by the Beneficial
Owner of the Outstanding Parent Voting Securities as described in clause (I) immediately preceding, or (y) employee benefit plan (or related trust) of the Parent or such corporation resulting from such Business Combination, or any of their
respective subsidiaries) Beneficially Owns, directly or indirectly, twenty percent (20%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting
power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination, and (III) at least a majority of the members of the board of directors of the corporation
resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

(D) Approval by the shareholders of the Parent of a complete liquidation or dissolution of the Parent. 

(E) The following terms shall have the meaning set forth in this Section 4.3.1(ii): “Beneficial
Owner” or “Beneficial Ownership” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. “Exchange Act” means the Securities Exchange Act of
1934, as amended from time to time, or any successor act thereto.” 
  

	3.	A new section titled “Resignation for Good Reason During a Change of Control Period” shall be inserted in the Agreement as
Section 4.3.1(v), and the existing Section 4.3.1(v) (“Start Date”) shall be renumbered as Section 4.3.1(vi). The new Section 4.3.1(v) shall read in its entirety as follows: 

“(v) Resignation for Good Reason During a Change of Control Period. For purposes of this Agreement,
“Resignation for Good Reason During a Change of Control Period” shall mean a material negative change in the employment relationship without the Executive’s consent that occurs during a Change of Control Period; provided (A) the
Executive notifies the Company of the material negative change within ninety (90) days of the occurrence of such change, (B) the material negative change is not cured by the Company within thirty (30) days after receiving notice from
the Executive, (C) a resignation by the Executive pursuant to (D)(I) of this definition cannot be effective until at least six (6) months after the Start Date (for the avoidance of doubt, this clause (C) shall not apply to a
resignation by the Executive pursuant to (D)(II), (III) or (IV) of this definition) and (D) the material negative change is evidenced by any of the following: 
  

	 	(I)	material diminution in title, duties, responsibilities or authority; 

  
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	 	(II)	material reduction of Base Salary and benefits except for across-the-board changes for executives at the Executive’s level; 

 

	 	(III)	exclusion from executive benefit/compensation plans; or 

  

	 	(IV)	relocation of the Executive’s principal business location by the Executive’s employer (the Company or Affiliated Company, as the case may be) of greater than
fifty (50) miles.” 

  

	4.	The first paragraph of Section 4.3.2 of the Agreement is hereby amended in its entirety to read as follows: 

“4.3.2 Obligations of the Company upon Executive’s Resignation for Good Reason During a Change of Control
Period or the Company’s Termination of Executive Without Cause (Other Than for Death or Disability) During a Change of Control Period. If the Company terminates the Executive’s employment without Cause (other than for death or
Disability) during a Change of Control Period or the Executive terminates his employment as a Resignation for Good Reason During a Change of Control Period, then the Company shall pay or provide to the Executive the following:” 

 

	5.	A new paragraph is added to the end of Section 4.3.2 of the Agreement (after Subsection (vii) Other Benefits), and such paragraph shall read in
its entirety as follows: 

 “Notwithstanding any other provision of this
Agreement, in no event shall the Executive be entitled to receive the pay and benefits that the Company shall provide the Executive pursuant to this Section 4.3.2 unless the Executive provides the Company an enforceable waiver and release
agreement in a form that the Company normally requires. Such release shall be furnished to the Executive for the Executive’s review not later than 7 business days following the Termination Date, and shall be executed and returned to the Company
within 21 days of receipt (or within 45 days of receipt if the Executive’s separation is part of a group). Provided the Executive does not timely revoke the waiver and release agreement, pay and benefits pursuant to this Section 4.3.2
shall commence on the sixtieth (60th) day following
the Executive’s Termination Date. Any amounts that would have been paid to the Executive pursuant to this Section 4.3.2 before the sixtieth (60th) day shall be paid to the Executive, without interest, on the sixtieth (60th) day. For the avoidance of doubt, the payments and benefits set
forth in this Section 4.3.2 are in lieu of, not in addition to, the amounts set forth in Section 4.2.2.” 
  

	6.	Section 4.3.6 of the Agreement (“Certain Additional Payments by the Company”) is hereby renamed and amended in its entirety to read as
follows: 

 “4.3.6 280G Modified Cap. 

(i) Definitions. The following terms shall have the following meanings for purposes of this Subsection
4.3.6. 
 (A) Accounting Firm. “Accounting Firm” shall mean an accounting firm selected
by the Company. 
 (B) Code. “Code” shall mean the Internal Revenue Code of 1986, as
amended, including all regulations and other guidance issued pursuant thereto. 
 (C) Excise
Taxes. “Excise Taxes” shall mean the amount of any excise taxes payable by the Executive under Code Section 4999 that would be payable by the Executive. 

  
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 (D) Omnibus Plan. “Omnibus Plan” shall mean the
Foster Wheeler AG Omnibus Incentive Plan and any successor plan thereto. 
 (E) Reduced Payments.
“Reduced Payments” shall have the meaning ascribed to such term in Section 4.3.6(ii). 
 (F)
Total Payments. “Total Payments” shall have the meaning ascribed to such term in Section 4.3.6(ii). 
 (ii) Notwithstanding anything in this Agreement to the contrary, if the aggregate amount of the severance benefits under this Agreement, and other payments and benefits which the Executive has the right
to receive from the Company (including the value of any equity rights which become vested upon a Change of Control) (the “Total Payments”) would constitute a “parachute payment” as defined in Code Section 280G(b)(2),
the Executive shall receive the Total Payments unless the (A) after-tax amount that would be retained by the Executive (after taking into account all federal, state and local income taxes payable by the Executive and the amount of any Excise
Taxes) if the Executive were to receive the Total Payments has a lesser aggregate value than (B) the after-tax amount that would be retained by the Executive (after taking into account all federal, state and local income taxes payable by the
Executive) if the Executive were to receive the Total Payments reduced to the largest amount as would result in no portion of the Total Payments being subject to Excise Taxes (the “Reduced Payments”), in which case the Executive
shall be entitled only to the Reduced Payments. 
 (iii) The determination of whether Section 4.3.6
applies, and the calculation of the amount of the Reduced Payments, if applicable, shall be performed by the Accounting Firm. Such reduction shall be accomplished by first reducing all cash payments in the order they would otherwise be paid, and
then reducing any equity grant the vesting of which was accelerated by reason of a change in control (as defined in the applicable award agreements or Omnibus Plan), with equity grants subject to performance-based vesting reduced first, and then
equity grants subject to time-based vesting reduced in the reverse order that they would otherwise have vested, and then to all welfare benefits. The Accounting Firm shall provide detailed supporting calculations both to the Company and the
Executive within fifteen (15) business days of the receipt of notice from the Executive that there has been a payment, or such earlier time as is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by
the Company.” 
  

	7.	Terms that are not specifically defined in this Sixth Amendment shall have the definition provided in the Agreement and/or the Prior Amendments.

  

	8.	Other than as expressly set forth in this Sixth Amendment, the Agreement, as modified by the Prior Amendments, remains unchanged. 

 

	9.	This Sixth Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the
same instrument. 

 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment to the
Agreement effective as of the Amendment Effective Date. 
  

			
	FOSTER WHEELER INC.
		
	By:	 	/s/ Beth B. Sexton
	Name:	 	Beth B. Sexton
	Title:	 	Executive Vice President, Human Resources
	
	FOSTER WHEELER INTERNATIONAL CORPORATION
	 (as to Section 13 of the Agreement only)

		
	By:	 	/s/ Franco Baseotto
	Name:	 	Franco Baseotto
	Title:	 	Executive Vice President and Chief Financial Officer
	
	/s/ Rakesh K. Jindal
	 Rakesh K. Jindal

  
 6EX-10.1

 Exhibit 10.1 

THERMO FISHER SCIENTIFIC INC. 

PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT 

Granted Under the 2008 Stock Incentive Plan 

1. Award of Restricted Stock Units. 
 This
agreement (the “Agreement”) sets forth the terms and conditions of an award by Thermo Fisher Scientific Inc., a Delaware corporation (the “Company”), on February 26, 2014 (the “Award Date”) to Marc N. Casper (the
“Participant”) of 33,300 restricted stock units of the Company (individually, an “RSU” and collectively, the “RSUs”). Each RSU represents the right to receive one share of common stock, $1.00 par value, of the Company
(“Common Stock”) pursuant to the terms, conditions and restrictions set forth in this Agreement and in the Company’s 2008 Stock Incentive Plan (the “Plan”). The shares of Common Stock that are issuable upon vesting of the
RSUs are referred to in this Agreement as Shares and the number of RSUs shown above is referred to as the “Target Award.” Capitalized terms used in this Agreement and not otherwise defined shall have the same meaning as in the Plan. 

2. Vesting Schedule. 
 Except as otherwise
provided in paragraphs (b) through (f) of Section 3, the RSUs shall vest in accordance with Schedule A attached hereto and incorporated herein provided that on each Vesting Date (as defined in Schedule A), the
Participant is, and has been at all times since the Award Date, an employee, officer or director of, or consultant or advisor to, the Company or any other entity the employees, officers, directors, consultants, or advisors of which are eligible to
receive restricted stock awards under the Plan (an “Eligible Participant”). 
 3. Additional Vesting Provisions. 

(a) Termination of Relationship with the Company. In the event that the Participant ceases to be an Eligible Participant for any reason
other than those set forth in paragraphs (b) through (f) below before the Final Vesting Date (as defined in Schedule A), the RSUs that have not previously vested shall be immediately forfeited to the Company. 

(b) Death or Disability. In the event that the Participant’s employment with the Company or a Subsidiary is terminated by reason
of death or “disability” (as defined below) prior to the Performance Certification Date (as defined in Schedule A), 50% of the Target Award shall vest upon the date of such termination. In the event that such termination occurs on or after
the Performance Certification Date but prior to the Final Vesting Date, 50% of the remaining unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such
termination, and the remaining RSUs shall be forfeited. For the purposes of this Agreement, a Participant shall be deemed to be “disabled” at such time as the Participant is receiving disability benefits under the Company’s Long Term
Disability Coverage, as then in effect. 

 (c) Discharge without Cause or for Good Reason. In the event that the Participant’s
employment or service is terminated by the Company or any Subsidiary after the last day of the Company’s fiscal quarter in which this Award was granted, and prior to the Performance Certification Date without “Cause” (as defined in
Section 1.2 of the 2009 Restatement of Executive Severance Agreement between the Company and the Participant dated November 21, 2009, as may be amended from time to time (the “Severance Agreement”)) or by the Participant for Good
Reason (as defined in Section 1.4 of the Severance Agreement), and such termination does not entitle the Participant to severance benefits under the Executive Change in Control Retention Agreement between the Company and the Participant dated
November 21, 2009, as may be amended from time to time (the “CIC Agreement”), and provided that the performance conditions (assuming the last day of the performance period was the last day of the prior fiscal quarter) are actually
achieved and the Compensation Committee has certified the achievement of the performance conditions, then 1/3 of the RSUs shall vest immediately. In the event of such termination on or after the Performance Certification Date but prior to the Final
Vesting Date, then the RSUs that are scheduled to vest on the next Vesting Date (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination, and the
remaining RSUs shall be forfeited. 
 (d) Discharge for Cause. In the event that the Participant is discharged by the Company or a
Subsidiary for “Cause” (as defined in Section 1.2 of the Severance Agreement), all unvested RSUs and all vested RSUs that have not been delivered in accordance with Section 4 below shall terminate immediately upon the effective date
of such discharge. The Participant shall be considered to have been discharged for Cause if the Company determines, within 30 days after the Participant’s resignation, that discharge for Cause was warranted. 

(e) Termination by Participant without Good Reason. In the event that the Participant terminates his employment with the Company or a
Subsidiary without “Good Reason” (as defined in Section 1.4 of the Severance Agreement or Section 1.4 of the CIC Agreement, as applicable), all unvested RSUs shall terminate immediately upon the effective date of such termination
and all vested RSUs that have not been delivered in accordance with Section 4 below shall be delivered immediately. 
 (f) Change in
Control Event. In the event that the Participant’s employment or service is terminated by the Company or any Subsidiary without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason
(as defined in Section 1.4 of the CIC Agreement), within 18 months after a Change in Control Event that occurs prior to the Performance Certification Date, and such termination entitles the Participant to severance benefits under the CIC
Agreement, then all unvested RSUs shall vest immediately, provided that the performance conditions (assuming the last day of the performance period was the last day of the fiscal quarter immediately prior to the Change in Control Event) are actually
achieved (without regard to performance for any periods following the last day of the fiscal quarter immediately prior to the Change in Control Event) and the Compensation Committee has certified the achievement of the performance conditions. In the
event of such termination on or after the Performance Certification Date but before the Final Vesting Date, then all unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall
vest upon the date of such termination. 

 4. Delivery of Shares 

(a) The Company shall deliver the Shares that become issuable upon the vesting of an RSU (i) to the Participant as soon as
administratively practicable or (ii) in the event that the Participant’s employment with the Company is terminated by reason of death, to the Participant’s estate as soon as administratively practicable, but in no event later than the
last day of the period specified in Treas. Reg. section 1.409A-1(b)(4)(i)(A). 
 (b) The Company shall not be obligated to deliver Shares to
the Participant unless the issuance and delivery of such Shares shall comply with all relevant provisions of law and other legal requirements including, without limitation, any applicable federal or state securities laws and the requirements of any
stock exchange upon which shares of Common Stock may then be listed. 
 5. Restrictions on Transfer. 

The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively
“transfer”) any RSUs, or any interest therein, except by will or the laws of descent and distribution. Upon delivery of Shares pursuant to Section 4 above, the Participant for two years thereafter shall not transfer more than 50% of
the actual net Shares delivered (after withholding for the payment of taxes); provided, however, that this restriction shall not apply to a termination of Participant’s employment under paragraphs (b), (c), (e) or (f) of
Section 3 above. The Participant acknowledges that any stock certificates or other evidence of ownership of RSUs or Shares may bear a restrictive legend evidencing any applicable transfer restrictions. 

6. Provisions of the Plan. 
 This
Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Agreement. 
 7. Dividends; Other Corporate
Transactions. 
 (a) If at any time during the period between the Performance Certification Date and the date that Shares are delivered
after the RSU vests, the Company pays a dividend or other distribution with respect to its Common Stock, including without limitation a distribution of shares of the Company’s stock by reason of a stock dividend, stock split or otherwise, then
on the date the Shares issuable upon vesting of the RSU are delivered, the Company shall pay the Participant the dividend or other distribution that would have been paid on such Shares if the Participant had owned such Shares during the period
beginning on the Performance Certification Date and ending on the respective delivery date. No dividend or other distribution shall be paid with respect to RSUs that are forfeited. 

 (b) In the event of a Reorganization Event, then the rights of the Company under this Agreement
and all other terms of this Agreement (including without limitation vesting provisions) shall inure to the benefit of the Company’s successor and shall apply to the cash, securities or other property which the Common Stock was converted
into or exchanged for pursuant to such Reorganization Event in the same manner and to the same extent as they applied to the Shares. Such cash, securities or other property shall be delivered or paid at the time provided in Section 4. 

(c) Except as set forth in Section 7(a) or (b) above and in the Plan, neither the Participant nor any person claiming under or
through the Participant shall be, or have any rights or privileges of, a stockholder of the Company in respect of the Shares issuable pursuant to the RSUs granted hereunder until the Shares have been delivered to the Participant. 

8. Withholding Taxes; No Section 83(b) Election. 

(a) The Participant expressly acknowledges that the delivery of Shares to the Participant will give rise to “wages” subject to
withholding. Unless the Participant provides notice to the Company prior to the delivery of the Shares that the Participant will make payment to the Company on the date of delivery to satisfy all required withholding taxes, the Participant hereby
authorizes the Company to hold back from the shares to be delivered pursuant to Section 4 of this Agreement of that number of shares calculated to satisfy all such federal, state, local or other applicable taxes required to be withheld in
connection with such delivery of Shares; provided, however, that the total tax withholding where Shares are being used to satisfy such tax obligations cannot exceed the Company’s minimum statutory withholding obligations (based on minimum
statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to such wages). 
 (b) The
Participant acknowledges that no election under Section 83(b) of the Code may be filed with respect to this Award. 
 9. No Right To Employment or
Other Status. The grant of an award of RSUs shall not be construed as giving the Participant the right to continued employment or any other relationship with the Company. The Company expressly reserves the right at any time to dismiss or
otherwise terminate its relationship with the Participant free from any liability or claim under the Plan or this Agreement, except as expressly provided herein. 

10. Conflicts With Other Agreements. In the event of any conflict or inconsistency between the terms of this Agreement and any employment, severance or
other agreement between the Company and the Participant, the terms of this Agreement shall govern. 
 11. Governing Law. This Agreement shall be
governed by and interpreted in accordance with the laws of the State of Delaware without regard to any applicable conflicts of laws. 
 12. Unfunded
Rights. The right of the Participant to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general
creditor of the Company. 

 13. Compliance with Section 409A of the Code. This Agreement is intended to provide for deferred
compensation that is exempt from or compliant with Section 409A and shall be interpreted consistently with such intent. Accordingly, a Participant shall have no right to designate the taxable year of payment. Notwithstanding any other provision
of this Agreement, if and to the extent any portion of any payment under this Agreement to the Participant is payable upon his or her separation from service and the Participant is a specified employee as defined in Section 409A(a)(2)(B)(i), as
determined by the Company in accordance with its procedures, by which determination the Participant (through accepting the Award) agrees that he or she is bound, such portion of the payment, compensation or other benefit shall not be paid before the
day that is six months plus one day after the date of “separation from service”, except as Section 409A may then permit. 

The Company makes no representations or warranty and shall have no liability to the Participant or any other person if any provisions of or
payments, compensation or other benefits under this Agreement are determined to constitute nonqualified deferred compensation subject to Section 409A but do not to satisfy the conditions of that section. 

14. Restrictive Covenants. If the Participant engages in any conduct in breach of any noncompetition, nonsolicitation or confidentiality obligations to
the Company under any agreement, policy or plan of the Company, then such conduct shall also be deemed to be a breach of the terms of the Plan and this Agreement. Upon such breach, this RSU shall be cancelled and, to the extent some or all of this
RSU vested within a period of 12 months prior to such breach, the Participant shall be required to forfeit to the Company, upon demand, any Shares acquired by the Participant upon such vesting or cash acquired upon sale. 

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

			
	THERMO FISHER SCIENTIFIC INC.
		
	By:	 	 /s/ Seth H. Hoogasian

	Title:	 	 Senior Vice President,

		 	 General Counsel and Secretary

	
	 /s/ Marc N. Casper

	Marc N. Casper

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