Document:

Prepared and filed by St Ives Financial

Exhibit 10.7.2

APPLERA CORPORATION/APPLIED BIOSYSTEMS GROUP

1999 STOCK INCENTIVE PLAN

FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

NON-QUALIFIED STOCK OPTION AGREEMENT dated as of [Grant Date] by and between Applera Corporation, a Delaware corporation (the “Company”), and                                     [Name], a regular salaried employee of the Company or one of its subsidiaries (“you”).

1.  Grant of Option.  The
    Company hereby grants to you an option (the “Option”) to purchase
    [Total Number of Shares] shares of its Applied Biosystems Group Common Stock,
    par value $.01 per share (the “Applied Biosystems Stock”), under
    the terms of the Applera Corporation/Applied Biosystems Group 1999 Stock
    Incentive Plan (the “Plan”).

2.  Purchase Price of Option.  The purchase price of the shares of Applied Biosystems Stock subject to the Option is $[Purchase Price] per share.

3.  Expiration Date of Option.  The Option will expire as of 12:00 a.m. midnight (New York time) on [10 Year Anniversary of Grant Date] (the “Expiration Date”), unless it is terminated earlier as provided in this Agreement.

          4.  Exercise.  The Option may be exercised as to
[25% of Total Number of Shares] shares on [First Anniversary of Grant Date], [25% of Total
Number of Shares] shares on [Second Anniversary of Grant Date], [25% of Total
Number of Shares] shares on [Third Anniversary of Grant Date], and [25% of Total
Number of Shares] shares on [Fourth Anniversary of Grant Date].1 2  Except
as provided below, the Option may not be exercised unless you are on the date
of exercise, and have been at all times from the date of grant to the date of
exercise, a regular employee of the Company or one of its subsidiaries.

5.  Termination of Employment.  If
    your employment with the Company or a subsidiary is terminated by you or
    the Company for any reason other than Cause (as defined below)3,
    retirement, disability, or death, you may exercise the Option, to the extent
    that you would otherwise be entitled to do so at the date of termination
    of employment, at any time within 30 days after the date of termination,
    but not after the Expiration Date.

	___________
	1

    	During the 2005 fiscal year,
          the vesting of all stock options issued pursuant to this form of agreement
          was accelerated, such that all
of these options became exercisable regardless of the vesting schedule set forth
          in this Section 4. However, shares of stock issued upon the exercise
          of the accelerated options by executive officers and some
other senior employees are subject to a restriction on the sale or other transfer
          prior to the earlier
of the original vesting date or the individual’s termination of employment.

	2

    	For stock options granted during or after June 2002, the
vesting dates for a newly-hired employee are the anniversaries of the hire date, and not the grant date,
if employment commences prior to the grant date.

	3

    	 This reference to “Cause” is
          applicable only to stock option grants approved on and after October 19,
          2000.

 

 

6.  Termination of Service
        for Cause. If your employment with the Company is terminated
        by the Company for Cause, the Option will be immediately forfeited in
        full upon such termination (regardless of the extent to which the Option
        may have been exercisable as of such time). For purposes of this paragraph
        6 only, “Cause” is defined as (a) any act which is in bad faith
        and to the detriment of the Company or (b) a material breach of any agreement
        with or material obligation to the
		Company.4

7.  Retirement or Disability.  If
    you retire under the terms of any qualified pension plan provided by the
    Company or one of its subsidiaries, or if you are totally and permanently
    disabled, the Option may be exercised as to the total number of shares subject
    to the Option (without regard to the exercise schedule set forth in paragraph
    4) at any time within one year after the date of retirement or disability
    retirement, but not after the Expiration Date.

8.  Death.  If you die while employed by the Company or one of its subsidiaries, the Option may be exercised (to the extent that you would have been entitled to do so at the date of your death) by your executor or administrator (or other person at the time entitled by law to your rights under the Option) at any time within one year after the date of death, but not after the Expiration Date.

9.  Exercise of Option.  The Option may be exercised by giving written notice in the form specified by the Company to the Corporate Secretary at the principal office of the Company specifying the number of shares of Applied Biosystems Stock to be purchased.  However, the Option may not be exercised as to fewer than 100 shares, or the remaining shares covered by the Option if fewer than 100, at any one time, and the Option may not be exercised with respect to a fractional share.  The purchase price of the shares as to which the Option is exercised must be paid in full at the time of exercise, at your election, (a) in U.S. currency, (b) by tendering to the Company shares of Applied Biosystems Stock owned
by you for at least six months having a Fair Market Value (as defined in the Plan) equal to the aggregate purchase price of the shares as to which the Option is being exercised, (c) a combination of U.S. currency and/or previously owned shares of Applied Biosystems Stock valued at Fair Market Value, or (d) by payment of such other consideration as the Management Resources Committee of the Board of Directors (the “Committee”) from time to time determines.  For purposes of this paragraph, Fair Market Value will be determined as of the business day immediately preceding the day on which the Option is exercised.

10.  Conditions to Exercise. The
    exercise of the Option within one year following termination of employment
    is subject to the satisfaction of the conditions that you have not (a) rendered
    services or engaged directly or indirectly in any business which in the opinion
    of the Committee competes with or is in conflict with the interests of the
    Company, or (b) violated any written agreement with the Company, including,
    without limitation, any confidentiality agreement. Your violation of either
    clause (a) or (b) of the preceding sentence will result in the immediate
    forfeiture of any Options held by you.

11.  Tax Withholding Obligations.
    As a condition to the delivery of shares of Applied Biosystems Stock upon
    the exercise of the Option, you agree to pay to the Company an amount sufficient
    to satisfy any applicable tax withholding obligations. Alternatively, you
    agree that the Company and your employer are expressly authorized to deduct
    the appropriate withholding taxes from your pay in order to satisfy any income,
    social, or other employment-related taxes related to your participation in
    the Plan.

	___________
	4

    	 This provision is applicable only to
          stock option grants approved on and after October 19, 2000.

    

-2-

 

  12. Rights as a Stockholder. You
      will not have any rights as a stockholder with respect to the shares of
      Applied Biosystems Stock subject to the Option prior to the issuance to
      you of a certificate for such shares.

  13. Transferability. The
      Option may not be transferred other than by will or by the laws of descent
      and distribution, and the Option may be exercised, during your lifetime,
      only by you or your guardian or legal representative.

  14. Change of Control. Subject
      to the terms of the Plan, the Option will become immediately exercisable
      in full (without regard to the exercise schedule set forth in paragraph
      4) upon the occurrence of any of the events set forth in Section 11 of
      the Plan. 

  15. No Right to Continued
          Employment. Neither the Option nor this Agreement confers upon
          you any right to continue to be an employee of the Company or any of
          its subsidiaries or interferes in any way with the right of the Company
          or any of its subsidiaries to terminate your employment at any time.
          Except as provided in this Agreement, the Option will terminate upon
          your termination of employment for any reason. The Option will not
          be reinstated if you are subsequently reinstated as an employee of
          the Company or any subsidiary.

  16. No Right to Future Benefits. The
      Plan and the benefits offered thereunder are provided by the Company on
      an entirely discretionary basis, and the Plan creates no vested rights
      in participants. Neither the Option nor this Agreement confers upon you
      any benefit other than as specifically set forth in this Agreement and
      the Plan. You understand and agree that the benefits offered under the
      Option and the Plan are not part of your salary and that receipt of the
      Option does not entitle you to any future benefits under the Plan or any
      other plan or program of the Company.

  17. Compliance with Law.  No
      shares of Applied Biosystems Stock will be issued upon the exercise of
      the Option unless counsel for the Company is satisfied that such issuance
      will be in compliance with all applicable laws.

  18. Terms of Plan Govern. This
      Agreement and the terms of the Option will be governed by the terms of
      the Plan which is hereby incorporated by reference in this Agreement. In
      the event of any ambiguity in this Agreement or any inconsistency between
      the terms of this Agreement and the terms of the Plan, the terms of the
      Plan will govern. By your signature below, you acknowledge receipt of the
      Prospectus for the Plan and agree to be bound by all of the terms of the
      Plan.

  19. Amendments. The
      Option or the Plan may, subject to certain exceptions, be amended by the
      Committee at any time in any manner. However, no amendment of the Option
      or the Plan will adversely affect in any material manner any of your rights
      under the Option without your consent.

  20. Governing Law. This
      Agreement will be governed by and construed in accordance with the internal
      laws of the State of Delaware.

  -3-

 

IN WITNESS WHEREOF, this Agreement has been duly executed by the undersigned as of the day and year first written above. 

APPLERA CORPORATION

  

    By: ___________________________

             Chairman, President and

             Chief
    Executive Officer

Accepted and Agreed:

 

_________________________
  

  [Name]

-4-Prepared and filed by St Ives Financial

Exhibit 10.7.3

APPLERA CORPORATION/APPLIED BIOSYSTEMS GROUP

1999 STOCK INCENTIVE PLAN

FORM OF INCENTIVE STOCK OPTION AGREEMENT

INCENTIVE STOCK OPTION AGREEMENT dated as of [Grant Date] by and between Applera Corporation, a Delaware corporation (the “Company”), and [Name], a regular salaried employee of the Company or one of its subsidiaries (“you”).

1.  Grant of Option.  The Company hereby grants to you an option (the “Option”) to purchase [Total Number of Shares] shares of its Applied Biosystems Group Common Stock, par value $.01 per share (the “Applied Biosystems Stock”), under the terms of the Applera Corporation/Applied Biosystems Group 1999 Stock Incentive Plan (the “Plan”).

2.  Purchase Price of Option. The purchase price of the shares of Applied Biosystems Stock subject to the Option is $[Purchase Price] per share.

3.  Expiration Date of Option.  The Option will expire as of 12:00 a.m. midnight (New York time) on [10 Year Anniversary of Grant Date] (the “Expiration Date”), unless it is terminated earlier as provided in this Agreement.

4.  Exercise.  The
    Option may be exercised as  to [25% of Total Number of Shares] shares on
    [First Anniversary of Grant Date], [25% of Total Number
of Shares] shares on [Second Anniversary of Grant Date], [25% of Total Number
    of Shares] shares on [Third Anniversary of Grant Date] and [25% of Total
    Number of Shares] shares on [Fourth Anniversary
of Grant Date]. 1 2   Except as
provided below, the Option may not be exercised unless you are on the date  of
exercise, and have been at all times from the date of grant to the date of exercise,
a regular
 employee of the Company or one of its subsidiaries.

5.  Termination of Employment.  If your employment
with the Company or a subsidiary is terminated by you or the Company for any reason other than Cause
(as defined below),3 retirement, disability, or
 death, you may exercise the Option, to the extent that you would otherwise be entitled to
do so at the date of termination of employment, at any time within 30 days after the date
of termination, but not after the Expiration Date.

	___________
	1

    	During the 2005 fiscal year,
          the vesting of all stock options issued pursuant to this form of agreement
          was accelerated, such that all
of these options became exercisable regardless of the vesting schedule set forth
          in this Section 4. However, shares of stock issued upon the exercise
          of the accelerated options by executive officers and some
other senior employees are subject to a restriction on the sale or other transfer
          prior to the earlier
of the original vesting date or the individual’s termination of employment.

	2

    	For stock options granted during or after June 2002, the
vesting dates for a newly-hired employee are the anniversaries of the hire date, and not the grant date,
if employment commences prior to the grant date.

	3

    	 This reference to “Cause” is
          applicable only to stock option grants approved on and after October 19,
          2000.

6. Termination of Service for
        Cause. If your employment with the Company is terminated
        by the Company for Cause, the Option will be immediately forfeited in
        full upon such termination (regardless of the extent to which the Option
        may have been exercisable as of such time). For purposes of this paragraph
        6 only, “Cause” is defined as (a) any act which is in bad faith
        and to the detriment of the Company or (b) a material breach of any agreement
with or material obligation to the Company.4

7.  Retirement or Disability.  If you retire under the terms of any qualified pension plan provided by the Company or one of its subsidiaries, or if you are totally and permanently disabled, the Option may be exercised as to the total number of shares subject to the Option (without regard to the exercise schedule set forth in paragraph 4) at any time within three months after the date of retirement or disability retirement, but not after the Expiration Date.

8.  Death.  If you die while employed by the Company or one of its subsidiaries, the Option may be exercised (to the extent that you would have been entitled to do so at the date of your death) by your executor or administrator (or other person at the time entitled by law to your rights under the Option) at any time within one year after the date of death, but not after the Expiration Date.

9.  Exercise of Option.  The Option may be exercised by giving written notice in the form specified by the Company to the Corporate Secretary at the principal office of the Company specifying the number of shares of Applied Biosystems Stock to be purchased.  However, the Option may not be exercised as to fewer than 100 shares, or the remaining shares covered by the Option if fewer than 100, at any one time, and the Option may not be exercised with respect to a fractional share.  The purchase price of the shares as to which the Option is exercised must be paid in full at the time of exercise, at your election, (a) in U.S. currency, (b) by tendering to the Company shares of Applied Biosystems Stock owned
by you for at least six months having a Fair Market Value (as defined in the Plan) equal to the aggregate purchase price of the shares as to which the Option is being exercised, (c) a combination of U.S. currency and/or previously owned shares of Applied Biosystems Stock valued at Fair Market Value, or (d) by payment of such other consideration as the Management Resources Committee of the Board of Directors (the “Committee”) from time to time determines.  For purposes of this paragraph, Fair Market Value will be determined as of the business day immediately preceding the day on which the Option is exercised.

10.  Conditions to Exercise. The
    exercise of the Option within one year following termination of employment
    is subject to the satisfaction of the conditions that you have not (a) rendered
    services or engaged directly or indirectly in any business which in the opinion
    of the Committee competes with or is in conflict with the interests of the
    Company, or (b) violated any written agreement with the Company, including,
    without limitation, any confidentiality agreement. Your violation of either
    clause (a) or (b) of the preceding sentence will result in the immediate
    forfeiture of any Options held by you. 

11.  Notice of Transfer of Shares.  You agree to notify the Company in writing immediately in the event that any shares acquired upon the exercise of the Option are transferred to a third party prior to [Second Anniversary of Grant Date] or the first anniversary of the date on which such shares are acquired.

12.  Rights as a Stockholder.  You
    will not have any rights as a stockholder with respect to the shares of Applied
    Biosystems Stock subject to the Option prior to the issuance to you of a
    certificate for such shares.

	______________ 

    
	4

    	 This provision is applicable only to
          stock option grants made on and after October 19, 2000.

    

-2-

 

13.  Transferability.  The Option may not be transferred other than by will or by the laws of descent and distribution, and the Option may be exercised, during your lifetime, only by you or your guardian or legal representative.

14.  Change of Control.  Subject to the terms of the Plan, the Option will become immediately exercisable in full (without regard to the exercise schedule set forth in paragraph 4) upon the occurrence of any of the events set forth in Section 11 of the Plan. 

15.  No Right to Continued Employment.  Neither the Option nor this Agreement confers upon you any right to continue to be an employee of the Company or any of its subsidiaries or interferes in any way with the right of the Company or any of its subsidiaries to terminate your employment at any time.  Except as provided in this Agreement, the Option will terminate upon your termination of employment for any reason.  The Option will not be reinstated if you are subsequently reinstated as an employee of the Company or any subsidiary.

16.  No Right to Future Benefits.  The Plan and the benefits offered thereunder are provided by the Company on an entirely discretionary basis, and the Plan creates no vested rights in participants.  Neither the Option nor this Agreement confers upon you any benefit other than as specifically set forth in this Agreement and the Plan.  You understand and agree that the benefits offered under the Option and the Plan are not part of your salary and that receipt of the Option does not entitle you to any future benefits under the Plan or any other plan or program of the Company.

17.  Compliance with Law.   No shares of Applied Biosystems Stock will be issued upon the exercise of the Option unless counsel for the Company is satisfied that such issuance will be in compliance with all applicable laws.

18.  Terms of Plan Govern.  This Agreement and the terms of the Option will be governed by the terms of the Plan which is hereby incorporated by reference in this Agreement.  In the event of any ambiguity in this Agreement or any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan will govern.  By your signature below, you acknowledge receipt of the Prospectus for the Plan and agree to be bound by all of the terms of the Plan.

19.  Amendments.  The Option or the Plan may, subject to certain exceptions, be amended by the Committee at any time in any manner.  However, no amendment of the Option or the Plan will adversely affect in any material manner any of your rights under the Option without your consent.

20.  Governing Law.  This Agreement will be governed by and construed in accordance with the internal laws of the State of Delaware.

-3-

IN WITNESS WHEREOF, this Agreement has been duly executed by the undersigned as of the day and year first written above. 

	 	APPLERA CORPORATION
	 	 
	 	By:_______________________ 

          Chairman,
    President and

          Chief Executive Officer  

 

Accepted and Agreed:

 

___________________________

[Name]

-4-

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