Document:

exv10w3

Exhibit 10.3

Dionex Corporation

Management Incentive Bonus Plan

(As Amended April 26, 2011)

1. PURPOSE

The Plan is intended to increase stockholder value and the success of Dionex
Corporation (the “Company”) by motivating Participants (1) to perform to the best of
their abilities, and (2) to achieve the Company’s objectives. The Plan’s goals are to
be achieved by providing Participants with the opportunity to earn incentive awards
for the achievement of goals relating to the performance of the Company and their
individual performance, and to incentivize employees to remain employed by Dionex. The
Plan is intended to permit the payment of bonuses that qualify as performance-based
compensation under Section 162(m) of the Internal Revenue Code of 1986, as amended,
and the regulations and interpretations promulgated thereunder (the “Code”).

2. OBJECTIVES

Objectives of the Plan are:

	(a)	 	Focus management on business objectives and strategy implementation;
	 
	(b)	 	Drive growth of revenue, operating income, and earnings per share;
	 
	(c)	 	Provide a process for goal setting that will align corporate and
individual goals, balancing short and long-term corporate goals;
	 
	(d)	 	Provide an incentive program to attract, retain and reward quality
talent able to successfully lead the company’s businesses; and
	 
	(e)	 	Present an incentive plan that is objective, transparent, easy to
administer, and which rewards measurable achievements.

3. DEFINITIONS

The following definitions shall be applicable throughout the Plan:

	(a)	 	“Affiliate” means any corporation or other entity (including, but not
limited to, partnerships and joint ventures) controlled by or under common
control with the Company.
	 
	(b)	 	“Award” means the amount of a cash incentive payable under the Plan to a
Participant with respect to a Performance Period.
	 
	(c)	 	“Board” means the Board of Directors of the Company, as constituted from
time to time.
	 
	(d)	 	“Cause” means, with respect to an Employee, (i) the Employee’s commission
of any felony or any crime involving fraud, dishonesty or moral turpitude under
the laws of the United States or any state thereof or any jurisdiction outside of
the United States; (ii) the Employee’s attempted commission of, or participation
in, a fraud or act of dishonesty against the Company; (iii) the Employee’s
unauthorized use or disclosure of the Company’s confidential information or trade
secrets; or (iv) the Employee’s gross misconduct.
	 
	(e)	 	“Offer Closing Date” shall have the same meaning, for purposes of this
Plan, as the meaning set forth in Section 1.1 (f) of the Agreement and Plan of
Merger among Thermo Fisher Scientific Inc., Weston D Merger Co. and Dionex
Corporation dated as of December 12, 2010 (the “Agreement”).
	 
	(f)	 	“Committee” means the Compensation Committee of the Board or another
Committee designated by the Board which is comprised of two or more “outside
directors” as defined in Section 162(m) of the Code. If it is later determined
that one or more members of the Committee do not so qualify, actions taken by the
Committee prior to such determination shall be valid despite such failure to
qualify.
	 
	(g)	 	“Determination Date” means the latest possible date that will not
jeopardize a Target Award or Award’s qualification as performance-based
compensation under Section 162(m) of the Code.

 

 

	(h)	 	“Disability” means total and permanent disability as defined in Section
22(e)(3) of the Code, provided that the Committee in its discretion may determine
whether a permanent and total disability exists in accordance with uniform and
non-discriminatory standards adopted by the Company from time to time.
	 
	(i)	 	“Employee” means any employee of the Company or of an Affiliate, whether
such employee is so employed at the time the Plan is adopted or becomes so
employed subsequent to the adoption of the Plan.
	 
	(j)	 	“Participant” means any Employee who is designated as a Participant by the
Committee.
	 
	(k)	 	“Payout Formula” means as to any Performance Period, the formula or payout
matrix established by the Committee pursuant to Section 6.3 in order to determine
the Awards (if any) to be paid to Participants. The formula or matrix may differ
from Participant to Participant.
	 
	(l)	 	“Performance Goal” means the goal(s) (or combined goal(s)) determined by
the Committee (in its discretion) to be applicable to a Participant for a Target
Award for a Performance Period. As determined by the Committee, the Performance
Goals for any Target Award applicable to a Participant may provide for a targeted
level or levels of achievement using one or more of the following measures and
any objectively verifiable adjustment(s) thereto permitted and preestablished by
the Committee in accordance with Code Section 162(m): (i) operating income; (ii)
earnings before interest, taxes, depreciation and amortization; (iii) earnings;
(iv) cash flow; (v) market share; (vi) sales; (vii) revenue; (viii) profits
before interest and taxes; (ix) expenses; (x) cost of goods sold; (xi)
profit/loss or profit margin; (xii) working capital; (xiii) return on capital,
equity or assets; (xiv) earnings per share; (xv) economic value added; (xvi)
stock price; (xvii) price/earnings ratio; (xviii) debt or debt-to-equity; (xix)
accounts receivable; (xx) writeoffs; (xxi) cash; (xxii) assets; (xxiii)
liquidity; (xxiv) operations; (xxv) intellectual property (e.g., patents); (xxvi)
product development; (xxvii) regulatory activity; (xxviii) manufacturing,
production or inventory; (xxix) mergers and acquisitions or divestitures; (xxx)
financings; and/or (xxxi) customer satisfaction, each with respect to the Company
and/or one or more of its affiliates or operating units. Awards issued to
Participants who are not subject to the limitations of Section 162(m) of the Code
may take into account other factors (including subjective factors).

With respect to the 2011 Performance Bonus (defined below), the Performance Goal
will be as follows:

	 	•	 	From July 1, 2010 to the Offer Closing Date, the Performance Goal for
the 2011 Performance Bonus will be based upon the factors listed in this
Paragraph 3(l) and the performance targets (other than EPS Growth
FY2010-11) approved by the Company’s Compensation Committee at the meeting
on August 3, 2010 (the “Committee Meeting”) for the 2011 Performance Bonus
including adjustment for costs incurred related to the merger detailed in
the Agreement; and
	 
	 	•	 	From the Offer Closing Date through June 30, 2011, the Performance Goal
for the 2011 Performance Bonus will be based only upon the Net Sales Growth
FY2010-2011 performance target as approved at the Committee Meeting and as
reported in the Company’s financial statements for fiscal year 2011.

	(m)	 	“Performance Period” means any period not exceeding 36 months as
determined by the Committee, in its sole discretion. The Committee may establish
different Performance Periods for different Participants, and the Committee may
establish concurrent or overlapping Performance Periods.
	 
	(n)	 	“Plan” means this Dionex Corporation Management Incentive Bonus Plan, as
amended from time to time.
	 
	(o)	 	“Target Award” means the target award payable under the Plan to a
Participant for the Performance Period expressed as a percentage of the
Participant’s annualized base salary.
	 
	(p)	 	“Termination of Employment” means a cessation of the employee-employer
relationship between an Employee and the Company or an Affiliate for any reason,
including, but not by way of limitation, a termination by resignation, discharge,
death, Disability, retirement, or the disaffiliation of an Affiliate, but
excluding any such termination where there is a simultaneous reemployment by the
Company or an Affiliate.

 

 

	(q)	 	“2011 Performance Bonus” means the performance bonus that is based upon
the fiscal year of the Company for 2011 for eligible Participants.

4. ADMINISTRATION

4.1 Committee is the Administrator. The Plan shall be administered by the
Committee. It shall be the duty of the Committee to administer the Plan in accordance
with the Plan’s provisions. The Committee shall have all powers and discretion
necessary or appropriate to administer the Plan and to control its operation,
including, but not limited to, the power to (a) determine which Employees shall be
granted awards, (b) prescribe the terms and conditions of awards, (c) interpret the
Plan and the awards, (d) adopt such procedures and subplans as are necessary or
appropriate to permit participation in the Plan by Employees who are foreign nationals
or employed outside of the United States, (e) adopt rules for the administration,
interpretation and application of the Plan as are consistent therewith, and (f)
interpret, amend or revoke any such rules.

4.2 Decisions Binding. All determinations and decisions made by the
Committee, the Board, and any delegate of the Committee pursuant to the provisions of
the Plan shall be final, conclusive, and binding on all persons, and shall be given
the maximum deference permitted by law.

4.3 Delegation by the Committee. The Committee, in its sole discretion and on
such terms and conditions as it may provide, may delegate all or part of its authority
and powers under the Plan to one or more directors and/or officers of the Company;
provided, however, that the Committee may not delegate its authority and/or powers
with respect to awards that are intended to qualify as performance-based compensation
under Section 162(m) of the Code.

5. ELIGIBILITY

5.1 Selection of Participants. The Committee, or its designee, in its sole
discretion, shall select the Employees who shall be Participants for any Performance
Period. The Committee, or its designee, in its sole discretion, also may designate as
Participants one or more individuals (by name or position) who are expected to become
Employees during a Performance Period. Participation in the Plan is in the sole
discretion of the Committee, or its designee, and on a Performance Period by
Performance Period basis. An Employee who is a Participant for a given Performance
Period is in no way guaranteed or assured of being selected for participation in any
subsequent Performance Period.

6. DETERMINATION OF AWARDS

6.1 Determination of Performance Goals. The Committee, or its designee, in its
sole discretion, shall establish the Performance Goals for all eligible Participants
for the Performance Period. Such Performance Goals shall be set forth in writing.

6.2 Determination of Target Awards. Each Participant’s Target Award shall be
determined by the Committee, or its designee, in its sole discretion, and each Target
Award shall be set forth in writing.

6.3 Determination of Payout Formula or Formulae. On or prior to the
Determination Date, the Committee or its designee, in its sole discretion, shall
establish a Payout Formula or Formulae for purposes of determining the Award (if any)
payable to each Participant. Each Payout Formula shall (a) be in writing, (b) be based
on a comparison of actual performance to the Performance Goals, (c) provide for the
payment of a Participant’s Target Award if the Performance Goals for the Performance
Period are achieved, and (d) provide for an Award greater than or less than the
Participant’s Target Award, depending upon the extent to which actual performance
exceeds or falls below the Performance Goals.

6.4 Maximum Awards. The maximum amount of any Awards that can be paid under
the Plan to any Participant during any Performance Period is $10,000,000. The
Committee reserves the right, in its sole discretion, to reduce or eliminate the
amount of an Award otherwise payable to a Participant with respect to any Performance
Period. In addition, with respect to Awards issued to Participants who are not subject
to the

 

 

limitations of Code Section 162(m), the Committee reserves the right, in its sole
discretion, to increase the amount of an Award otherwise payable to a Participant with
respect to any Performance Period.

7. PAYMENT OF AWARDS

7.1 Right to Receive Payment. Each Award that may become payable under the
Plan shall be paid solely from the general assets of the Company or the Affiliate that
employs the Participant (as the case may be), as determined by the Committee. Nothing
in this Plan shall be construed to create a trust or to establish or evidence any
Participant’s claim of any right to payment of an Award other than as an unsecured
general creditor with respect to any payment to which he or she may be entitled.
Except as provided in Section 7.4, 7.5 or 7.6 below, a Participant must be employed by
the Company on the date the Award is to be paid in order to receive an Award, and no
Award is considered earned under the Plan until such date.

7.2 Timing of Payment. Payment of each Award shall be made as soon as
administratively practicable; provided, however, that in the case of any Performance
Period based on a fiscal year of the Company (July 1-June 30), in no event shall such
payment be made later than September 15th of the fiscal year following the end of the
applicable Performance Period.

7.3 Form of Payment and Pro-rated Payments. Each Award normally shall be paid
in cash (or its equivalent) in a single lump sum. Awards will be pro-rated for a
period of active employment that is less than a full Performance Period, to include
the period of actual eligible participation in the Plan.

7.4 Payment in the Event of Death or Disability. To the extent the Committee,
in its sole discretion, permits beneficiary designations, if a Participant dies, or is
determined to have a Disability, prior to the payment of an Award that was scheduled
to be paid to him or her prior to death, or the determination of a Disability, for a
prior Performance Period, the Award shall be paid, in the case of death, to his or her
estate, and in the case of Disability, to the Participant or any other person
authorized under applicable law.

7.5 Payment of 2011 Performance Bonus Awards in Event of Termination of Employment
on or After the Offer Closing Date. If any Participant eligible for the 2011
Performance Bonus experiences a Termination of Employment due to the Participant’s
voluntary resignation, or a Termination of Employment by the Company with Cause, at
any time prior to the payment of the Award of a 2011 Performance Bonus, that
Participant will not receive any Award for the 2011 Performance Bonus. If any
Participant eligible for the 2011 Performance Bonus experiences a Termination of
Employment by the Company without Cause on the Offer Closing Date, or after the Offer
Closing Date but prior to the date that the 2011 Performance Bonus Awards are paid to
eligible Participants, that Participant will remain eligible to receive an Award for
the 2011 Performance Bonus, based upon the Performance Goal for the 2011 Performance
Bonus set forth in Paragraph 3(l) above, as applicable to that Participant’s period of
employment.

7.6 Determination of Actual Awards. After the end of each Performance Period,
the Committee, or its designee, shall certify in writing the extent to which the
Performance Goals applicable to each Participant for the Performance Period were
achieved or exceeded. The Actual Award for each Participant shall be determined by
applying the Payout Formula to the level of actual performance that has been certified
by the Committee or its designee. Notwithstanding any contrary provision of the Plan,
the Committee, in its sole discretion, may (a) eliminate or reduce the Award payable
to any Participant below that which otherwise would be payable under the Payout
Formula, including discretion that is exercised through the establishment of
additional objective or subjective goals, and (b) determine whether or not a
Participant will receive an Award in the event the Participant incurs a Termination of
Employment prior to the date the Award is to be paid. Notwithstanding the foregoing,
in order to comply with the short-term deferral exception under Section 409A of the
Code, if the Committee waives the requirement that a Participant must be employed on
the date the Award is to be paid, payout shall occur no later than the 15th day of the
third month following the later of (i) the end of the Company’s taxable year in which
such requirement is waived or (ii) the end of the calendar year in which such
requirement is waived.

 

 

8. TERMINATION OF PLAN

8.1 Amendment, Suspension or Termination. The Board or the Committee, each in
its sole discretion, may amend or terminate the Plan, or any part thereof, at any time
and for any reason. The amendment, suspension or termination of the Plan shall not,
without the consent of the Participant, alter or impair any rights or obligations
under any Target Award theretofore granted to such Participant. No award may be
granted during any period of suspension or after termination of the Plan.

8.2 Duration of the Plan. The Plan shall commence on the date specified
herein, and subject to Section 8.1 (regarding the Board or the Committee’s right to
amend or terminate the Plan), shall remain in effect thereafter.

9. GENERAL PROVISIONS

9.1 Tax Withholding. The Company or an Affiliate, as determined by the
Committee, shall withhold all applicable taxes from any Award, including any federal,
state and local taxes (including, but not limited to, the Participant’s FICA and SDI
obligations).

9.2 No Effect on Employment. Nothing in the Plan shall interfere with or limit
in any way the right of the Company or an Affiliate, as applicable, to terminate any
Participant’s employment or service at any time, with or without cause. For purposes
of the Plan, transfer of employment of a Participant between the Company and any one
of its Affiliates (or between Affiliates) shall not be deemed a Termination of
Employment. Employment with the Company and its Affiliates is on an at-will basis
only. The Company expressly reserves the right, which may be exercised at any time and
without regard to when during or after a Performance Period such exercise occurs, to
terminate any individual’s employment with or without cause, and to treat him or her
without regard to the effect which such treatment might have upon him or her as a
Participant.

9.3 Participation. No Employee shall have the right to be selected to receive
an award under this Plan, or, having been so selected, to be selected to receive a
future award.

9.4 Indemnification. Each person who is or shall have been a member of the
Committee, or of the Board, shall be indemnified and held harmless by the Company
against and from (a) any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by him or her in connection with or resulting from any claim,
action, suit, or proceeding to which he or she may be a party or in which he or she
may be involved by reason of any action taken or failure to act under the Plan or any
award, and (b) from any and all amounts paid by him or her in settlement thereof, with
the Company’s approval, or paid by him or her in satisfaction of any judgment in any
such claim, action, suit, or proceeding against him or her, provided he or she shall
give the Company an opportunity, at its own expense, to handle and defend the same
before he or she undertakes to handle and defend it on his or her own behalf. The
foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company’s Certificate
of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under
any power that the Company may have to indemnify them or hold them harmless.

9.5 Successors. All obligations of the Company and any Affiliate under the
Plan, with respect to awards granted hereunder, shall be binding on any successor to
the Company and/or such Affiliate, whether the existence of such successor is the
result of a direct or indirect purchase, merger, consolidation, or otherwise, of all
or substantially all of the business or assets of the Company or such Affiliate.

9.6 Beneficiary Designations. If permitted by the Committee, a Participant
under the Plan may name a beneficiary or beneficiaries to whom any vested but unpaid
award shall be paid in the event of the Participant’s death. Each such designation
shall revoke all prior designations by the Participant and shall be effective only if
given in a form and manner acceptable to the Committee. In the absence of any such
designation, any vested benefits remaining unpaid at the Participant’s death shall be
paid to the Participant’s estate.

9.7 Nontransferability of Awards. No award granted under the Plan may be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by
will, by the laws of descent and distribution, or to the limited extent provided in
Section 9.6. All rights with respect to an Award granted to a Participant shall be
available during his or her lifetime only to the Participant.

 

 

9.8 Section 162(m) Conditions; Bifurcation of Plan. It is the intent of the
Company that the Plan and the awards under the Plan to Participants who are or may
become persons whose compensation is subject to Section 162(m) of the Code, satisfy
any applicable requirements of Section 162(m) of the Code. Any provision, application
or interpretation of the Plan inconsistent with this intent shall be disregarded. The
provisions of the Plan may be bifurcated by the Board or the Committee at any time so
that certain provisions of the Plan, or any award, required in order to satisfy the
requirements of Section 162(m) of the Code are only applicable to Participants whose
compensation is subject to Section 162(m) of the Code. Notwithstanding the foregoing
or any other provision of the Plan, the provisions of the Plan that refer to or
reflect the requirements of Section 162(m) of the Code (including, without limitation,
the administration of the Plan by a Committee comprised solely of outside directors
and the possible use of Performance Goals other than those listed in Section 3(j),
including Performance Goals based on subjective factors) shall not be effective unless
the Board has submitted the material terms of the Plan to the Company’s stockholders
for approval and such approval has been received.

9.9 Severability. In the event any provision of the Plan shall be held illegal
or invalid for any reason, the illegality or invalidity shall not affect the remaining
parts of the Plan, and the Plan shall be construed and enforced as if the illegal or
invalid provision had not been included.

9.10 Requirements of Law. The granting of awards under the Plan shall be
subject to all applicable laws, rules and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required.

9.11 Governing Law. The Plan and all awards shall be construed in accordance
with and governed by the laws of the State of California, but without regard to its
conflict of law provisions.

9.12 Legal and Ethical Standards. No Participant shall attempt to earn an
Award by engaging in any conduct that violates any anti-trust laws, other laws, or the
Company’s ethical standards, policies, or practices, including but not limited to the
Company’s Code of Conduct. A Participant shall not pay, offer to pay, assign or give
any part of his or her Award or anything else of value to any agent, customer,
supplier or representative of any customer or supplier, or to any other person, as an
inducement or reward for direct or indirect assistance in earning an Award. Any
violation of the policy stated above will subject the Participant to disciplinary
action up to and including termination of employment and forfeiture of any Award under
this Plan to which the Participant otherwise would be entitled.exv10w13

Exhibit 10.13

DIONEX CORPORATION

CHANGE IN CONTROL SEVERANCE BENEFIT PLAN

Amended and Restated Effective as of April 26, 2011

Section 1. INTRODUCTION.

     The Dionex Corporation Change in Control Severance Benefit Plan (the “Plan”) was established
effective as of October 5, 2001, was amended and restated effective as of December 12, 2010, and is
hereby amended and restated effective as of April 26, 2011. The purpose of the Plan is to
provide for the payment of severance benefits to certain eligible employees of Dionex Corporation
and its subsidiaries (collectively, the “Company”) whose employment with the Company is terminated
following a Change in Control. This Plan shall supersede any severance benefit plan, policy or
practice previously maintained by the Company, with the exception of individually negotiated
employment contracts or other agreements with the Company relating to severance or change in
control benefits. This Plan document also is the Summary Plan Description for the Plan.

Section 2. DEFINITIONS.

     For purposes of the Plan, the following terms are defined as follows:

     (a) “Base Salary” means the Eligible Employee’s annual base salary as in effect during the
last regularly scheduled payroll period immediately preceding the Change in Control or as increased
thereafter.

     (b) “Board” means the Board of Directors of Dionex Corporation.

     (c) “Change in Control” is defined as one or more of the following events:

          (i) there is consummated a sale or other disposition of all or substantially all of the assets
of Dionex Corporation (other than a sale to an entity where at least fifty percent (50%) of the
combined voting power of the voting securities of such entity are owned by the stockholders of
Dionex Corporation in substantially the same proportions as their ownership of Dionex Corporation
immediately prior to such sale);

          (ii) any person, entity or group (other than Dionex Corporation, a subsidiary or affiliate of
Dionex Corporation, or a Dionex Corporation employee benefit plan, including any trustee of such
plan acting as trustee) becomes the beneficial owner, directly or indirectly, of securities of
Dionex Corporation representing fifty percent (50%) or more of the combined voting power of Dionex
Corporation’s then outstanding securities other than by virtue of a merger, consolidation or
similar transaction;

          (iii) there is consummated a merger, consolidation or similar transaction involving (directly
or indirectly) Dionex Corporation and, immediately after the consummation of such transaction, the
stockholders immediately prior to the consummation of such transaction do not own, directly or
indirectly, outstanding voting securities representing more than fifty percent (50%) of the
combined outstanding voting power of the surviving entity in such transaction or more than fifty
percent (50%) of the combined outstanding voting power of the parent of the surviving entity in
such transaction; or

1.

 

          (iv) there is consummated a merger, consolidation or similar transaction involving (directly
or indirectly) Dionex Corporation and, immediately after the consummation of such transaction, the
stockholders immediately prior to the consummation of such transaction do not own, directly or
indirectly, outstanding voting securities representing at least seventy percent (70%) of the
combined outstanding voting power of the surviving entity in such transaction or at least seventy
percent (70%) of the combined outstanding voting power of the parent of the surviving entity in
such transaction, and the chief executive officer of Dionex Corporation is not the chief executive
officer of the surviving entity immediately after such transaction.

     (d) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and other
applicable guidance promulgated thereunder.

     (e) “Company” means Dionex Corporation and it subsidiaries or, following a Change in Control
of Dionex Corporation, the surviving entity resulting from such transaction.

     (f) “Constructive Termination” means a voluntary termination of employment by an Eligible
Employee after one of the following is undertaken without the Eligible Employee’s express written
consent:

          (i) the assignment to the Eligible Employee of duties or responsibilities that results in a
material diminution in the Eligible Employee’s authority, duties or responsibilities as in effect
immediately prior to the Change in Control; provided, however, that a change in the Eligible
Employee’s title or reporting relationships by itself shall not provide the basis for a
Constructive Termination;

          (ii) a greater than ten percent (10%) reduction in the Eligible Employee’s base salary, as in
effect immediately prior to the Change in Control (or as increased thereafter);

          (iii) a change in the Eligible Employee’s business location of more than 35 miles from the
business location immediately prior to the Change in Control; or

          (iv) a material breach by Dionex Corporation of any provisions of the Plan or any enforceable
written agreement between the Company and the Eligible Employee; or the failure of Dionex
Corporation to arrange for the assumption of this Plan by its successor or assign.

          In order to constitute a Constructive Termination, (i) the Eligible Employee must provide
written notice to Dionex Corporation of the occurrence of one or more of the foregoing events
within thirty (30) days following the initial occurrence of the event, and (ii) Dionex Corporation
shall not be required to provide any severance benefits under the Plan if it is able to remedy such
event(s) within a period of thirty (30) days following such notice.

     (g) “Continuation Period” means the period for which an Eligible Employee is entitled to
receive the benefits described in Section 4(c). The Continuation Period is twelve (12) months.

     (h) “Covered Termination” means an Involuntary Termination Without Cause or a Constructive
Termination, either of which occurs within thirteen (13) months following the effective date of a
Change in Control.

     (i) “Eligible Employee” means an executive employee of the Company who has been designated in
writing by the Board as an eligible employee and whose employment with the Company terminates due
to a Covered Termination.

2.

 

     (j) “Involuntary Termination Without Cause” means:

          (i) an involuntary termination of employment by the Company other than for one of the
following reasons:

               (1) a refusal or failure to follow the lawful and reasonable directions of the Board of
Directors or individual to whom the Eligible Employee reports, which refusal or failure is not
cured within 30 days following delivery of written notice of such conduct to the Eligible Employee;

               (2) a material failure by the Eligible Employee to perform his or her duties in a manner
reasonably satisfactory to the Board of Directors that is not cured within 30 days following
delivery of written notice of such failure to the Eligible Employee; or

               (3) a conviction of a felony involving moral turpitude that is likely to inflict or has
inflicted material injury on the business of the Company; or

          (ii) the death or Disability of an Eligible Employee that occurs on or after the
effective date of a Change in Control and before July 1, 2011. For purposes of the foregoing,
“Disability” shall mean a permanent and total disability within the meaning of Section 22(e)(3) of
the Code.

Section 3. ELIGIBILITY FOR BENEFITS.

     (a) General Rules. Subject to the requirement set forth in this Section, the Company will
provide the severance benefits described in Section 4 of the Plan to Eligible Employees. In order
to be eligible to receive benefits under the Plan, an Eligible Employee must execute a general
waiver and release in substantially the form attached hereto as Exhibit A, Exhibit B or Exhibit C,
as appropriate, and such release must become effective in accordance with its terms. The Company,
in its sole discretion, may modify the form of the required release to comply with applicable law.
Subject to the foregoing, the Company, in its sole discretion, shall determine the form of the
required release.

     (b) Exceptions to Benefit Entitlement. An employee who otherwise is an Eligible Employee will
not receive benefits under the Plan, or potentially will receive reduced benefits in the case of
clause (i), in any of the following circumstances, as determined by the Company in its sole
discretion:

          (i) The employee has executed an individually negotiated employment contract or agreement with
the Company relating to severance or change in control benefits that is in effect on his or her
termination date, in which case the benefits under the Plan shall be offset (dollar for dollar in
the case of cash severance benefits) by the benefits provided under such individually negotiated
contract or agreement so as to prevent the duplication of benefits.

          (ii) The employee’s employment with the Company is involuntarily terminated by the Company
other than in an Involuntary Termination without Cause.

          (iii) The employee voluntarily terminates employment with the Company and such termination
does not constitute a Constructive Termination. Voluntary terminations include, but are not limited
to, resignation, retirement or failure to return from a leave of absence on the scheduled date.

          (iv) The employee voluntarily terminates employment with the Company in order to accept
employment with another entity that is wholly or partly owned (directly or indirectly) by Dionex
Corporation or an affiliate of Dionex Corporation.

3.

 

          (v) The employee is offered immediate reemployment by a successor to Dionex Corporation or by
a purchaser of its assets, as the case may be, following a change in ownership of Dionex
Corporation or a sale of all or substantially all the assets of a division or business unit of
Dionex Corporation. For purposes of the foregoing, “immediate reemployment” means that the
employee’s employment with the successor to Dionex Corporation or the purchaser of its assets, as
the case may be, results in uninterrupted employment such that the employee does not suffer a lapse
in pay as a result of the change in ownership of Dionex Corporation or the sale of its assets.
Notwithstanding the foregoing, such offer of “immediate reemployment” shall not prevent an
employee from qualifying as an Eligible Employee who may become entitled to benefits under the Plan
if such offer would permit the employee to voluntarily terminate employment as a Constructive
Termination.

Section 4. AMOUNT AND PAYMENT OF BENEFIT.

     (a) Base Salary. Each Eligible Employee (or his estate, if applicable) shall receive twelve
(12) months of Base Salary. Subject to Section 4(f), such amount shall be paid in substantially
equal installments commencing upon the Eligible Employee’s termination of employment pursuant to
the Company’s regularly scheduled payroll periods and shall be subject to all required tax
withholding.

     (b) Bonus Payment. Each Eligible Employee (or his estate, if applicable) shall receive a bonus
payment equal to the average of the Eligible Employee’s annual bonuses paid by the Company with
respect to the last three (3) complete fiscal years of the Company for which the Eligible Employee
was eligible to receive a bonus (or such fewer fiscal years of the Company for which such Eligible
Employee was eligible to receive an annual bonus); provided, however, that if an Eligible
Employee’s Covered Termination occurs during the first fiscal year for which he or she was eligible
to receive an annual bonus, such Eligible Employee shall receive a bonus payment based on the
Eligible Employee’s performance through the Covered Termination. Subject to Section 4(f), such
amount shall be paid in a lump sum upon the Eligible Employee’s termination of employment and shall
be subject to all required tax withholding.

     (c) Continued Insurance Benefits.

          (i) US Employees. Provided that the Eligible Employee (or other qualified beneficiary in the
event of the Eligible Employee’s death) elects continued coverage under the Consolidated Omnibus
Budget Reconciliation Act of 1985 (“COBRA”), the Company shall pay the portion of premiums of each
Eligible Employee’s group medical, dental and vision coverage, including coverage for the Eligible
Employee’s eligible dependents, that the Company paid prior to the Covered Termination, for the
Continuation Period; provided, however, that no such premium payments shall be made following the
effective date of the Eligible Employee’s coverage by a medical, dental or vision insurance plan of
a subsequent employer. Each Eligible Employee shall be required to notify the Company immediately
if the Eligible Employee becomes covered by a medical, dental or vision insurance plan of a
subsequent employer. No provision of this Plan will affect the continuation coverage rules under
COBRA, except that the Company’s payment of any applicable insurance premiums during the
Continuation Period will be credited as payment by the Eligible Employee for purposes of the
Eligible Employee’s payment required under COBRA. Therefore, the period during which an Eligible
Employee may elect whether or not to continue the Company’s group medical, dental or vision
coverage under COBRA, the length of time during which COBRA continuation coverage will be made
available to the Eligible Employee, and all other rights and obligations of the Eligible Employee
under COBRA will be applied in the same manner that such rules would apply in the absence of this
Plan. At the conclusion of the Continuation Period, the Eligible Employee will be responsible for
the entire payment of premiums required under COBRA for the duration of the COBRA continuation
period. For purposes of this Section 4(c)(i), applicable premiums that will be paid by the Company
during the Continuation Period shall not

4.

 

include any amounts payable by the Eligible Employee under a Section 125 health care
reimbursement plan, which amounts, if any, are the sole responsibility of the Eligible Employee.

          (ii) Non-US Employees. The Company shall pay the portion of premiums of each Eligible
Employee’s group medical, dental and vision coverage, including coverage for the Eligible
Employee’s eligible dependents, that the Company paid prior to the Covered Termination, for the
Continuation Period; provided, however, that no such premium payments shall be made following the
effective date of the Eligible Employee’s coverage by a medical, dental or vision insurance plan of
a subsequent employer. Each Eligible Employee shall be required to notify the Company immediately
if the Eligible Employee becomes covered by a medical, dental or vision insurance plan of a
subsequent employer.

          (iii) Notwithstanding the foregoing subsections (i) and (ii), if the Company determines, in
its sole discretion, that it cannot make such premium payments without potentially violating
applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the
Company instead shall provide to the Eligible Employee a taxable monthly payment in an amount equal
to the monthly premium that the Company paid on behalf of the Eligible Employee and eligible
dependents prior to the Covered Termination, which payments shall be made regardless of whether the
Eligible Employee elects COBRA continuation coverage, shall commence in the month following the
later of (A) the date of the Covered Termination and (B) the effective date of the Company’s
determination of potential violation of applicable law and shall terminate upon the earlier of (X)
the last day of the Continuation Period and (Y) the effective date of the Eligible Employee’s
coverage under a medical, dental or vision insurance plan of a subsequent employer.

     (d) Acceleration of Vesting. Effective as of the date of the Covered Termination, each
Eligible Employee shall be credited with full acceleration of vesting for all equity awards
(including, without limitation, stock options and restricted stock units) outstanding that the
Eligible Employee holds on such date and that have not yet vested. Notwithstanding the foregoing,
cash amounts in respect of the assumed equity awards that are provided pursuant to Section 3.3 of
the Agreement and Plan of Merger among Thermo Fisher Scientific Inc., Weston D Merger Co. and the
Company dated as of December 12, 2010 (the “Merger Agreement”) shall be subject to accelerated
vesting on a Covered Termination under this Plan, but the alterations set forth in clauses (i) and
(ii) below shall apply provided that the Eligible Employee executes a non-revocable acknowledgment
of the treatment of such Eligible Employee’s equity awards pursuant to the Merger Agreement as
described in Section 3.3(c) of the Merger Agreement and enters into a restrictive covenant
agreement in the form attached on Exhibit D hereto, prior to the Effective Time (as defined in the
Merger Agreement):

          (i) for purposes of the definition of “Covered Termination” as such term is used in this
Section 4(d) only, “thirteen (13) months” shall be replaced with “the period over which the
Eligible Employee’s Assumed Awards and Assumed RSUs (as defined in Section 3.3 of the Merger
Agreement) are scheduled to vest,” and

          (ii) for purposes of the definition of “Involuntary Termination without Cause” as such term is
used in this Section 4(d) only, Section 2(j)(i) above shall read in its entirety as follows: “(i)
an involuntary termination of employment by the Company other than for one of the following
reasons: (1) the Eligible Employee’s commission of any felony or any crime involving fraud,
dishonesty or moral turpitude under the laws of the United States or any state thereof or of any
jurisdiction outside of the United States; (2) the Eligible Employee’s attempted commission of, or
participation in, a fraud or act of dishonesty against the Company; (3) the Eligible Employee’s
unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (4)
the Eligible Employee’s gross misconduct; or”

5.

 

In all other respects, the other provisions of this Plan, without alteration, including, without
limitation, the definition of Constructive Termination, shall apply to the accelerated vesting of
cash amounts in respect of the assumed equity awards that are provided pursuant to Section 3.3 of
the Merger Agreement.

     (e) Outplacement Services. On behalf of the Eligible Employee (except in the case of an
Involuntary Termination Without Cause on account of an Eligible Employee’s death), the Company
shall pay for an executive assistance program for a period not to exceed three (3) months and at a
cost not to exceed $7,500 (or the foreign currency equivalent, as determined by the Company, in the
case of an Eligible Employee who will be covered by an executive assistance program outside of the
United States), provided that the Eligible Employee enrolls in the program within six (6) months
following the Covered Termination.

     (f) Payment of Benefits. If the Company determines that any payments or benefits provided to
an Eligible Employee pursuant to Section 4 (any such payments or benefits, the “Plan Payments”)
constitute “deferred compensation” under Section 409A of the Code (together, with any state law of
similar effect, “Section 409A”), such Plan Payments shall not be made or commence until the
Eligible Employee has a “separation from service” for purposes of Section 409A, and if the
Eligible Employee is a “specified employee” of the Company, as such term is defined in Section
409A(a)(2)(B)(i) (a “Specified Employee”), then, solely to the extent necessary to avoid the
incurrence of the adverse personal tax consequences under Section 409A, the timing of the Plan
Payments will be delayed as follows: on the earliest to occur of (1) the date that is six (6)
months and one (1) day after the date of the Eligible Employee’s termination of employment, and (2)
the date of the Eligible Employee’s death (such earliest date, the “Delayed Initial Payment Date”),
the Company shall (i) pay the Eligible Employee a lump sum amount equal to the sum of the Plan
Payments that the Eligible Employee would otherwise have received through the Delayed Initial
Payment Date if the commencement of the payment of the Plan Payments had not been delayed pursuant
to this Section 4(f) and (ii) commence paying the balance of the Plan Payments in accordance with
the applicable payment schedule set forth in Section 4. Prior to the imposition of any delay on the
Plan Payments as set forth above, it is intended that (A) each installment of the Plan Payments be
regarded as a separate “payment” for purposes of Treasury Regulations Section 1.409A-2(b)(2)(i),
(B) all Plan Payments satisfy, to the greatest extent possible, the exemptions from the application
of Section 409A provided under Treasury Regulations Sections 1.409A-1(b)(4) and
1.409A-1(b)(9)(iii), and (C) the Plan Payments consisting of COBRA premiums also satisfy, to the
greatest extent possible, the exemption from the application of Section 409A provided under
Treasury Regulations Section 1.409A-1(b)(9)(v). If Plan Payments, in whole or in part, are subject
to Section 409A and the general waiver and release required by Section 3(a) could become effective
in the calendar year following the calendar year in which the Eligible Employee separates from
service, then such general waiver and release shall be deemed effective as of the latest permitted
date of effectiveness for such general waiver and release.

Section 5. LIMITATIONS ON BENEFITS.

     (a) Release. To receive benefits under this Plan, an Eligible Employee (or an Eligible
Employee’s estate, as applicable) must execute a release of claims in favor of the Company, in the
form attached to this Plan as Exhibit A, Exhibit B or Exhibit C, as appropriate, and if necessary
as modified to comply with local law, and such release must become effective in accordance with its
terms.

     (b) Certain Reductions and Offsets. Notwithstanding any other provision of the Plan to the
contrary, any benefits payable to an Eligible Employee under this Plan shall be reduced by any
severance or change in control benefits payable by the Company to such individual under any other
policy, plan, program or arrangement, including, without limitation, a contract between the
Eligible Employee and any entity covering such individual. Furthermore, to the extent that any
federal, state or local laws, including,

6.

 

without limitation, so-called “plant closing” laws or statutory severance requirements,
require the Company to give advance notice or make a payment of any kind to an Eligible Employee
because of that Eligible Employee’s involuntary termination due to a layoff, reduction in force,
plant or facility closing, sale of business, change of control, or any other similar event or
reason, the benefits payable under this Plan shall either be reduced or eliminated. The benefits
provided under this Plan are intended to satisfy any and all statutory obligations that may arise
out of an Eligible Employee’s involuntary termination of employment for the foregoing reasons, and
the Plan Administrator shall so construe and implement the terms of the Plan.

     (c) Mitigation. Except as otherwise specifically provided herein (including, without
limitation, Section 4(c)), an Eligible Employee shall not be required to mitigate damages or the
amount of any payment provided under this Plan by seeking other employment or otherwise, nor shall
the amount of any payment provided for under this Plan be reduced by any compensation earned by an
Eligible Employee as a result of employment by another employer or any retirement benefits received
by such Eligible Employee after the date of the Covered Termination.

     (d) Termination of Benefits. Benefits under this Plan shall terminate immediately if the
Eligible Employee, at any time, violates any proprietary information or confidentiality obligation
to the Company.

     (e) Non-Duplication of Benefits. No Eligible Employee is eligible to receive benefits under
this Plan more than one time.

     (f) Indebtedness of Eligible Employees. If a terminating employee is indebted to the Company
or an affiliate of the Company at his or her termination date, the Company reserves the right to
offset any severance payments under the Plan by the amount of such indebtedness.

     (g) Parachute Payments. If any payment or benefit the Eligible Employee (or his estate, if
applicable) would receive in connection with a Change in Control from the Company or otherwise
(“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the
Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Payment shall be equal to the Reduced Amount. The “Reduced
Amount” shall be either (x) the largest portion of the Payment that would result in no portion of
the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the
total, of the Payment, whichever amount, after taking into account all applicable federal, state
and local employment taxes, income taxes, and the Excise Tax (all computed at the highest
applicable marginal rate), results in the Eligible Employee’s receipt, on an after-tax basis, of
the greater amount of the Payment notwithstanding that all or some portion of the Payment may be
subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments”
is necessary so that the Payment equals the Reduced Amount, reduction shall occur in such manner
that provides the Eligible Employee with the greatest economic benefit. If more than one manner of
reduction of the Payment necessary to arrive at the Reduced Amount yields the greatest economic
benefit to the Eligible Employee, the components of the Payment shall be reduced pro rata.

          The accounting firm engaged by Dionex Corporation for tax compliance purposes as of the day
prior to the effective date of the Change in Control shall perform the foregoing calculations. If
the accounting firm so engaged by Dionex Corporation is serving as accountant or auditor for the
individual, entity or group effecting the Change in Control, Dionex Corporation shall appoint a
nationally recognized accounting firm to make the determinations required hereunder. Dionex
Corporation shall bear all expenses with respect to the determinations by such accounting firm
required to be made hereunder.

7.

 

          The accounting firm engaged to make the determinations hereunder shall provide its
calculations, together with detailed supporting documentation, to Dionex Corporation and the
Eligible Employee within fifteen (15) calendar days after the date on which the Eligible Employee’s
right to a Payment is triggered (if requested at that time by Dionex Corporation or the Eligible
Employee) or such other time as requested by Dionex Corporation or the Eligible Employee. If the
accounting firm determines that no Excise Tax is payable with respect to a Payment, either before
or after the application of the Reduced Amount, it shall furnish Dionex Corporation and the
Eligible Employee with an opinion reasonably acceptable to the Eligible Employee that no Excise Tax
will be imposed with respect to such Payment. Any good faith determinations of the accounting firm
made hereunder shall be final, binding and conclusive upon Dionex Corporation and the Eligible
Employee.

Section 6. RIGHT TO INTERPRET PLAN; AMENDMENT AND TERMINATION.

     (a) Exclusive Discretion. The Plan Administrator shall have the exclusive discretion and
authority to establish rules, forms, and procedures for the administration of the Plan and to
construe and interpret the Plan and to decide any and all questions of fact, interpretation,
definition, computation or administration arising in connection with the operation of the Plan,
including, but not limited to, the eligibility to participate in the Plan and amount of benefits
paid under the Plan. The rules, interpretations, computations and other actions of the Plan
Administrator shall be binding and conclusive on all persons.

     (b) Amendment or Termination. Dionex Corporation reserves the right to amend or terminate this
Plan or the benefits provided hereunder at any time; provided, however, that no such amendment or
termination shall occur following a Change in Control if such amendment or termination would affect
the rights of any persons who were employed by the Company prior to the Change in Control. Any
action amending or terminating the Plan shall be in writing and executed by the Chairman of the
Compensation Committee of the Board.

     (c) Assumption. Any successor or assign of Dionex Corporation shall be required to assume
this Plan.

Section 7. TERMINATION OF CERTAIN EMPLOYEE BENEFITS.

     All non-health benefits (including but not limited to: life insurance, disability and 401(k)
plan coverage) terminate as of the employee’s termination date (except to the extent that a
conversion privilege may be available thereunder).

Section 8. NO IMPLIED EMPLOYMENT CONTRACT.

     The Plan shall not be deemed (i) to give any employee or other person any right to be retained
in the employ of the Company or (ii) to interfere with the right of the Company to discharge any
employee or other person at any time, with or without cause, which right is hereby reserved.

Section 9. LEGAL CONSTRUCTION.

     This Plan is intended to be governed by and shall be construed in accordance with the Employee
Retirement Income Security Act of 1974 (“ERISA”) and, to the extent not preempted by ERISA, the
laws of the State of California.

8.

 

Section 10. CLAIMS, INQUIRIES AND APPEALS.

     (a) Applications for Benefits and Inquiries. Any application for benefits, inquiries about the
Plan or inquiries about present or future rights under the Plan must be submitted to the Plan
Administrator in writing by an applicant (or his or her authorized representative). The Plan
Administrator is:

Dionex Corporation

Attn: Director of Human Resources

1228 Titan Way

Sunnyvale, CA 94086

     (b) Denial of Claims. In the event that any application for benefits is denied in whole or in
part, the Plan Administrator must provide the applicant with written or electronic notice of the
denial of the application, and of the applicant’s right to review the denial. Any electronic notice
will comply with the regulations of the U.S. Department of Labor. The notice of denial will be set
forth in a manner designed to be understood by the applicant and will include the following:

          (i) the specific reason or reasons for the denial;

          (ii) references to the specific Plan provisions upon which the denial is based;

          (iii) a description of any additional information or material that the Plan Administrator
needs to complete the review and an explanation of why such information or material is necessary;
and

          (iv) an explanation of the Plan’s review procedures and the time limits applicable to such
procedures, including a statement of the applicant’s right to bring a civil action under Section
502(a) of ERISA following a denial on review of the claim, as described in Section 10(d) below.

          This notice of denial will be given to the applicant within ninety (90) days after the Plan
Administrator receives the application, unless special circumstances require an extension of time,
in which case, the Plan Administrator has up to an additional ninety (90) days for processing the
application. If an extension of time for processing is required, written notice of the extension
will be furnished to the applicant before the end of the initial ninety (90) day period.

          This notice of extension will describe the special circumstances necessitating the additional
time and the date by which the Plan Administrator is to render its decision on the application.

     (c) Request for a Review. Any person (or that person’s authorized representative) for whom an
application for benefits is denied, in whole or in part, may appeal the denial by submitting a
request for a review to the Plan Administrator within sixty (60) days after the application is
denied. A request for a review shall be in writing and shall be addressed to:

Dionex Corporation

Attn: Director of Human Resources

1228 Titan Way

Sunnyvale, CA 94086

          A request for review must set forth all of the grounds on which it is based, all facts in
support of the request and any other matters that the applicant feels are pertinent. The applicant
(or his or

9.

 

her representative) shall have the opportunity to submit (or the Plan Administrator may
require the applicant to submit) written comments, documents, records, and other information
relating to his or her claim. The applicant (or his or her representative) shall be provided, upon
request and free of charge, reasonable access to, and copies of, all documents, records and other
information relevant to his or her claim. The review shall take into account all comments,
documents, records and other information submitted by the applicant (or his or her representative)
relating to the claim, without regard to whether such information was submitted or considered in
the initial benefit determination.

     (d) Decision on Review. The Plan Administrator will act on each request for review within
sixty (60) days after receipt of the request, unless special circumstances require an extension of
time (not to exceed an additional sixty (60) days), for processing the request for a review. If an
extension for review is required, written notice of the extension will be furnished to the
applicant within the initial sixty (60) day period. This notice of extension will describe the
special circumstances necessitating the additional time and the date by which the Plan
Administrator is to render its decision on the review. The Plan Administrator will give prompt,
written or electronic notice of its decision to the applicant. Any electronic notice will comply
with the regulations of the U.S. Department of Labor. In the event that the Plan Administrator
confirms the denial of the application for benefits in whole or in part, the notice will set forth,
in a manner calculated to be understood by the applicant, the following:

          (i) the specific reason or reasons for the denial;

          (ii) references to the specific Plan provisions upon which the denial is based;

          (iii) a statement that the applicant is entitled to receive, upon request and free of charge,
reasonable access to, and copies of, all documents, records and other information relevant to his
or her claim; and

          (iv) a statement of the applicant’s right to bring a civil action under Section 502(a) of
ERISA.

     (e) Rules and Procedures. The Plan Administrator will establish rules and procedures,
consistent with the Plan, ERISA and any other applicable laws, as necessary and appropriate in
carrying out its responsibilities in reviewing benefit claims. The Plan Administrator may require
an applicant who wishes to submit additional information in connection with an appeal from the
denial of benefits to do so at the applicant’s own expense.

     (f) Exhaustion of Remedies. No legal action for benefits under the Plan may be brought until
the applicant (i) has submitted a written application for benefits in accordance with the
procedures described by Section 10(a) above, (ii) has been notified by the Plan Administrator that
the application is denied, (iii) has filed a written request for a review of the application in
accordance with the appeal procedure described in Section 10(c) above, and (iv) has been notified
that the Plan Administrator has denied the appeal. Notwithstanding the foregoing, if the Plan
Administrator does not respond to an applicant’s claim or appeal within the relevant time limits
specified in this Section 10, the applicant may bring legal action for benefits under the Plan
pursuant to Section 502(a) of ERISA.

Section 11. BASIS OF PAYMENTS TO AND FROM PLAN.

     All benefits under the Plan shall be paid by the Company. The Plan shall be unfunded, and
benefits hereunder shall be paid only from the general assets of the Company.

10.

 

Section 12. OTHER PLAN INFORMATION.

     (a) Employer and Plan Identification Numbers. The Employer Identification Number assigned to
Dionex Corporation (which is the “Plan Sponsor” as that term is used in ERISA) by the Internal
Revenue Service is 94-2647429. The Plan Number assigned to the Plan by the Plan Sponsor pursuant to
the instructions of the Internal Revenue Service is 510.

     (b) Ending Date for Plan’s Fiscal Year. The date of the end of the fiscal year for the purpose
of maintaining the Plan’s records is June 30.

     (c) Agent for the Service of Legal Process. The agent for the service of legal process with
respect to the Plan is Dionex Corporation, Attn: Director of Human Resources, 1228 Titan Way,
Sunnyvale, CA 94086.

     (d) Plan Sponsor and Administrator. The “Plan Sponsor” and the “Plan Administrator” of the
Plan is Dionex Corporation, Attn: Director of Human Resources, 1228 Titan Way, Sunnyvale, CA 94086.
The Plan Sponsor’s and Plan Administrator’s telephone number is (408) 737-0700. The Plan
Administrator is the named fiduciary charged with the responsibility for administering the Plan.

Section 13. STATEMENT OF ERISA RIGHTS.

     Participants in this Plan (which is a welfare benefit plan sponsored by Dionex Corporation)
are entitled to certain rights and protections under ERISA. An Eligible Employee is considered a
participant in the Plan and, under ERISA, is entitled to:

     (a) Receive Information About the Plan and Benefits.

          (i) Examine, without charge, at the Plan Administrator’s office and at other specified
locations, such as worksites, all documents governing the Plan and a copy of the latest annual
report (Form 5500 Series), if applicable, filed by the Plan with the U.S. Department of Labor and
available at the Public Disclosure Room of the Employee Benefits Security Administration;

          (ii) Obtain, upon written request to the Plan Administrator, copies of documents governing the
operation of the Plan and copies of the latest annual report (Form 5500 Series), if applicable, and
an updated (as necessary) Summary Plan Description. The Plan Administrator may make a reasonable
charge for the copies; and

          (iii) Receive a summary of the Plan’s annual financial report, if applicable. The Plan
Administrator is required by law to furnish each participant with a copy of this summary annual
report.

     (b) Prudent Actions by Plan Fiduciaries. In addition to creating rights for Plan participants,
ERISA imposes duties upon the people who are responsible for the operation of the employee benefit
plan. The people who operate the Plan, called “fiduciaries” of the Plan, have a duty to do so
prudently and in the interest of Plan participants and beneficiaries. No one, including the
employer of the participants or any other person, may fire a participant or otherwise discriminate
against participants in any way to prevent a participant from obtaining a Plan benefit or
exercising his or her rights under ERISA.

     (c) Enforce Participant Rights. If a participant’s claim for a Plan benefit is denied or
ignored, in whole or in part, the participant has a right to know why this was done, to obtain
copies of documents relating to the decision without charge, and to appeal any denial, all within
certain time schedules.

11.

 

          Under ERISA, there are steps a participant can take to enforce the above rights. For instance,
if a participant requests a copy of Plan documents or the latest annual report from the Plan, if
applicable, and does not receive them within thirty (30) days, he or she may file suit in a Federal
court. In such a case, the court may require the Plan Administrator to provide the materials and
pay the participant up to $110 a day until he or she receives the materials, unless the materials
were not sent because of reasons beyond the control of the Plan Administrator.

          If a participant has a claim for benefits that is denied or ignored, in whole or in part, he
or she may file suit in a state or Federal court.

          If a participant is discriminated against for asserting his or her rights, the participant may
seek assistance from the U.S. Department of Labor, or he or she may file suit in a Federal court.
The court will decide who should pay court costs and legal fees. If the participant is successful,
the court may order the person the participant has sued to pay these costs and fees. If the
participant loses, the court may order the participant to pay these costs and fees, for example, if
it finds his or her claim is frivolous.

     (d) Assistance with Questions. If a participant has any questions about the Plan, the
participant should contact the Plan Administrator. If a participant has any questions about this
statement or about his or her rights under ERISA, or if a participant needs assistance in obtaining
documents from the Plan Administrator, the participant should contact the nearest office of the
Employee Benefits Security Administration, U.S. Department of Labor, listed in the telephone
directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security
Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210.
Participants may also obtain certain publications about their rights and responsibilities under
ERISA by calling the publications hotline of the Employee Benefits Security Administration.

Section 14. EXECUTION.

     To record the amendment and restatement of the Plan as set forth herein, effective as of
[                    ], 2011, the Chairman of the Compensation Committee of the Board has executed the
same this [       ] day of April, 2011.

	 	 	 	 	 	 	 

	 	 	DIONEX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:
	 	 
 

	 	 

12.

 

EXHIBIT A

RELEASE

(Individual Termination, age 40 and older)

I understand and agree completely to the terms set forth in the Dionex Corporation Change in
Control Severance Benefit Plan (the “Plan”). I understand that this Release, together with the
Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between the
Company and me with regard to the subject matter hereof. I am not relying on any promise or
representation by the Company that is not expressly stated herein. Certain capitalized terms used
in this Release are defined in the Plan.

I hereby confirm my obligations under the Company’s proprietary information and inventions
agreement.

I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads
as follows: “A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if known by him must have
materially affected his settlement with the debtor.” I hereby expressly waive and relinquish all
rights and benefits under that section and any law of any jurisdiction of similar effect with
respect to my release of any claims I may have against the Company.

Except as otherwise set forth in this Release, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their officers, directors, agents, servants, employees,
shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities,
demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of
every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected,
disclosed and undisclosed (other than any claim for indemnification I may have as a result of any
third party action against me based on my employment with the Company), arising out of or in any
way related to agreements, events, acts or conduct at any time up to and including the date I
execute this Release, including, but not limited to: all such claims and demands directly or
indirectly arising out of or in any way connected with my employment with the Company or the
termination of that employment, including but not limited to, claims of intentional and negligent
infliction of emotional distress, any and all tort claims for personal injury, claims or demands
related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in
the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other
form of compensation; claims pursuant to any federal, state or local law or cause of action
including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age
Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Employee Retirement
Income Security Act of 1974, as amended; the federal Americans with Disabilities Act of 1990; the
California Fair Employment and Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good
faith and fair dealing; provided, however, that nothing in this paragraph shall be construed in
any way to release the Company from its obligation to indemnify me pursuant to the Company’s
indemnification obligation pursuant to agreement or applicable law.

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under
ADEA. I also acknowledge that the consideration given under the Plan for the waiver and release in
the preceding paragraph hereof is in addition to anything of value to which I was already entitled.
I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (A)
my waiver and release do not apply to any rights or claims that may arise on or after the date I
execute this Release; (B) I have the right to consult with an attorney prior to executing this
Release; (C) I have twenty-one (21) days to consider this Release (although I may choose to
voluntarily execute this Release earlier); (D) I have

1.

 

seven (7) days following my execution of this Release to revoke the Release; and (E) this Release
shall not be effective until the date upon which the revocation period has expired, which shall be
the eighth (8th) day after I execute this Release.

	 	 	 	 	 	 	 

	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 

	 	NAME:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	DATE:	 	 	 	 
	 

	 	 	 	 

	 	 

2.

 

EXHIBIT B

RELEASE(Individual and Group Termination, under age 40)

I understand and agree completely to the terms set forth in the Dionex Corporation Change in
Control Severance Benefit Plan (the “Plan”). I understand that this Release, together with the
Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between the
Company and me with regard to the subject matter hereof. I am not relying on any promise or
representation by the Company that is not expressly stated herein. Certain capitalized terms used
in this Release are defined in the Plan.

I hereby confirm my obligations under the Company’s proprietary information and inventions
agreement.

I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads
as follows: “A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if known by him must have
materially affected his settlement with the debtor.” I hereby expressly waive and relinquish all
rights and benefits under that section and any law of any jurisdiction of similar effect with
respect to my release of any claims I may have against the Company.

Except as otherwise set forth in this Release, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their officers, directors, agents, servants, employees,
shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities,
demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of
every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected,
disclosed and undisclosed (other than any claim for indemnification I may have as a result of any
third party action against me based on my employment with the Company), arising out of or in any
way related to agreements, events, acts or conduct at any time up to and including the date I
execute this Release, including, but not limited to: all such claims and demands directly or
indirectly arising out of or in any way connected with my employment with the Company or the
termination of that employment, including but not limited to, claims of intentional and negligent
infliction of emotional distress, any and all tort claims for personal injury, claims or demands
related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in
the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other
form of compensation; claims pursuant to any federal, state or local law or cause of action
including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age
Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Employee Retirement
Income Security Act of 1974, as amended; the federal Americans with Disabilities Act of 1990; the
California Fair Employment and Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good
faith and fair dealing; provided, however, that nothing in this paragraph shall be construed in
any way to release the Company from its obligation to indemnify me pursuant to the Company’s
indemnification obligation pursuant to agreement or applicable law.

	 	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 

	 	NAME:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	DATE:	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT C

RELEASE

(Group Termination, age 40 and older)

I understand and agree completely to the terms set forth in the Dionex Corporation Change in
Control Severance Benefit Plan (the “Plan”). I understand that this Release, together with the
Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between the
Company and me with regard to the subject matter hereof. I am not relying on any promise or
representation by the Company that is not expressly stated herein. Certain capitalized terms used
in this Release are defined in the Plan.

I hereby confirm my obligations under the Company’s proprietary information and inventions
agreement.

I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads
as follows: “A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if known by him must have
materially affected his settlement with the debtor.” I hereby expressly waive and relinquish all
rights and benefits under that section and any law of any jurisdiction of similar effect with
respect to my release of any claims I may have against the Company.

Except as otherwise set forth in this Release, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their officers, directors, agents, servants, employees,
shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities,
demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of
every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected,
disclosed and undisclosed (other than any claim for indemnification I may have as a result of any
third party action against me based on my employment with the Company), arising out of or in any
way related to agreements, events, acts or conduct at any time up to and including the date I
execute this Release, including, but not limited to: all such claims and demands directly or
indirectly arising out of or in any way connected with my employment with the Company or the
termination of that employment, including but not limited to, claims of intentional and negligent
infliction of emotional distress, any and all tort claims for personal injury, claims or demands
related to salary, bonuses, commissions, stock, stock options, or any other ownership interests in
the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other
form of compensation; claims pursuant to any federal, state or local law or cause of action
including, but not limited to, the federal Civil Rights Act of 1964, as amended; the federal Age
Discrimination in Employment Act of 1967, as amended (“ADEA”); the federal Employee Retirement
Income Security Act of 1974, as amended; the federal Americans with Disabilities Act of 1990; the
California Fair Employment and Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; fraud; defamation; emotional distress; and breach of the implied covenant of good
faith and fair dealing; provided, however, that nothing in this paragraph shall be construed in
any way to release the Company from its obligation to indemnify me pursuant to the Company’s
indemnification obligation pursuant to agreement or applicable law.

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under
ADEA. I also acknowledge that the consideration given under the Plan for the waiver and release in
the preceding paragraph hereof is in addition to anything of value to which I was already entitled.
I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (A)
my waiver and release do not apply to any rights or claims that may arise on or after the date I
execute this Release; (B) I have the right to consult with an attorney prior to executing this
Release; (C) I have forty-five (45) days to consider this Release (although I may choose to
voluntarily execute this Release earlier); (D) I have seven (7) days following my execution of this
Release to revoke the Release; (E) this Release shall not be

1.

 

effective until the date upon which the revocation period has expired, which shall be the eighth
day (8th) after I execute this Release; and (F) I have received with this Release a detailed list
of the job titles and ages of all employees who were terminated in this group termination and the
ages of all employees of the Company in the same job classification or organizational unit who were
not terminated.

	 	 	 	 	 	 	 

	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 

	 	NAME:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	DATE:	 	 	 	 
	 

	 	 	 	 

	 	 

2.

 

EXHIBIT D

FORM OF RESTRICTIVE COVENANT AGREEMENT

     THIS AGREEMENT, dated as of _____________, 20___ is made by and between __________________, an
individual residing at ______________________ (the “Employee”), and Thermo Fisher
Scientific Inc., a Delaware corporation whose principal offices are located at 81 Wyman Street,
Waltham, Massachusetts 02454 (“Employer”).

     WHEREAS, this Agreement is being entered into in connection with the execution of the
Agreement and Plan of Merger among Employer, Weston D Merger Co. and Dionex Corporation (the
“Company”), dated as of December 12, 2010 (the “Merger Agreement”);

     WHEREAS, the effectiveness of this Agreement is conditioned on the consummation of the
transactions contemplated by the Merger Agreement;

     WHEREAS, prior to being acquired by Employer, the Company was a leader in the ion
chromatography, chromatography data systems and high performance liquid chromatography businesses;
and

     WHEREAS, as a result of its acquisition of the Company, Employer has acquired and will
continue to develop and use certain trade secrets, customer lists and other proprietary and
confidential information and data, which the Company has spent a substantial amount of time, effort
and money, and Employer will continue to do so in the future, to develop or acquire such
proprietary and confidential information and to promote and increase its good will.

     NOW, THEREFORE, in consideration of Employee’s continued employment by Employer or a
subsidiary or affiliate thereof, and the amendments to the Company Change in Control Severance
Benefit Plan (the “CIC Plan”) which provide Employee with enhanced vesting upon a
termination of employment under certain circumstances and which are conditioned, at least in part,
upon Employee’s execution and delivery of this Agreement, Employee understands and agrees to the
following:

     Section 1. Employee recognizes and acknowledges that it is essential for the proper
protection of the Employer’s legitimate business interests and an incentive for the Employer to
enter into the Merger Agreement that Employee be restrained for a reasonable period following the
Effective Time (as defined in the Merger Agreement), either voluntarily or involuntarily, from
competing with Employer as set forth below.

     Employee acknowledges and agrees that for a period of thirteen (13) months after the Effective
Time (the “Restricted Period”), Employee will not, directly or indirectly, engage,
participate or invest in or be employed by any business within the Restricted Area, as defined
below, which engages in the ion chromatography, chromatography data systems, or high performance
liquid chromatography businesses (collectively, the “Competitive Businesses”); provided,
however, that, during the Restricted Period, the Employee shall be permitted to directly or
indirectly engage, participate or invest in or be employed by any company that engages in multiple
lines of business within the Restricted Area (i) that engages in a Competitive Business but the
Employee does not provide any services to a Competitive Business or (ii) if the Employee is the
Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer or the Chief
Administrative Officer of a company that engages in multiple lines of business, including any of
the Competitive Businesses, where the annual revenue generated by the Competitive Businesses
constitutes less than 2% of such company’s overall annual revenue.

1.

 

     “Restricted Area” shall mean each state and territory of the United States of America
and each country of the world outside of the United States of America in which Employer and its
Subsidiaries, including the Company, had developed, marketed, sold and/or distributed its products
and/or services similar to the Competitive Businesses within the last two (2) years prior to the
Effective Time.

     Section 2. Employee acknowledges and agrees that during the Restricted Period,
Employee will not: (i) employ, hire, solicit, induce or identify for employment or attempt to
employ, hire, solicit, induce or identify for employment, directly or indirectly, any employee(s)
of the Employer to leave his or her employment and became an employee, consultant or representative
of any other entity including, but not limited to, Employee’s new employer, if any; and/or (ii)
solicit, aid in or encourage the solicitation of, contract with, aid in or encourage the
contracting with, service, or contact any person or entity that is or was, within the two (2) years
prior the Effective Time, a customer or client of the Company or its subsidiaries, for purposes of
marketing, offering or selling a product or service competitive with Employer.

     Section 3. During the Restricted Period, Employee will inform each new employer, prior
to accepting employment, of the existence of this Agreement and provide that employer with a copy
of this Agreement.

     Section 4. Employee understands and agrees that the provisions of this section shall
not prevent Employee from acquiring or holding publicly traded stock or other publicly traded
securities of a business, so long as Employee’s ownership does not exceed 1% percent of the
outstanding securities of such company of the same class as those held by Employee or from engaging
in any activity or having an ownership interest in any business that is reviewed by the Board of
Directors of Employer.

     Section 5. Employee acknowledges that the time, geographic and scope of activity
limitations set forth herein are reasonable and necessary to protect the Employer’s legitimate
business interests. However, if in any judicial proceeding a court refuses to enforce this
Agreement, whether because the time limitation is too long or because the restrictions contained
herein are more extensive (whether as to geographic area, scope of activity or otherwise) than is
necessary to protect the legitimate business interests of Employer, it is expressly understood and
agreed between the parties hereto that this Agreement is deemed modified to the extent necessary to
permit this Agreement to be enforced in any such proceedings.

     Section 6. Employee further acknowledges and agrees that it would be difficult to
measure any damages caused to Employer which might result from any breach by Employee of any of the
promises set forth in this Agreement, and that, in any event, money damages would be an inadequate
remedy for any such breach. Accordingly, Employee acknowledges and agrees that if he or she
breaches or threatens to breach, any portion of this Agreement, Employer shall be entitled, in
addition to all other remedies that it may have: (i) to an injunction or other appropriate
equitable relief to restrain any such breach without showing or proving any actual damage to
Employer; and (ii) to be relieved of any obligation to provide any further payment or benefits to
Employee or Employee’s dependents in respect of the acceleration of equity-based awards set forth
in Section 4(d) of the CIC Plan and Employer acknowledges and agrees that the restrictions set
forth in this Agreement solely apply to the acceleration of equity-based awards set forth in
Section 4(d) of the CIC Plan and do not apply to any other benefits provided under the CIC Plan.

     Section 7. Employee acknowledges and agrees that should it become necessary for
Employer to file suit to enforce the covenants contained herein, and any court of competent
jurisdiction awards the Employer any damages and/or an injunction due to the acts of Employee, then
the Employer shall be entitled to recover its reasonable costs incurred in conducting the suit
including, but not limited

2.

 

to, reasonable attorneys’ fees and expenses provided that Employer prevails in full on the
relief sought and Employee shall be entitled to recover its reasonable costs incurred in conducting
the suit including, but not limited to, reasonable attorneys’ fees and expenses should Employer not
be awarded the relief sought.

     Section 8. The Employee acknowledges and agrees that this Agreement does not
constitute a contract of employment and does not imply that Employer or any of its subsidiaries
will continue the Employee’s employment for any period of time.

     Section 9. This Agreement represents the entire understanding of the parties with
respect to the subject matter hereof and any previous agreements or understandings between the
parties regarding the subject matter hereof are merged into and superseded by this Agreement.

     Section 10. This Agreement cannot be modified, amended or changed, nor may compliance
with any provision hereof be waived, except by an instrument in writing executed by the party
against whom enforcement of such modification, amendment, change or waiver is sought. Any waiver
by a party of the breach of any provision of this Agreement shall not operate or be construed as a
waiver of any other breach of such provision or of any breach of any other provision of this
Agreement. The failure of a party to insist upon strict compliance with any provision of this
Agreement at any time shall not deprive such party of the right to insist upon strict compliance
with such provision at any other time or of the right to insist upon strict compliance with any
other provision hereof at any time.

     Section 11. All notices, requests, demands, consents and other communications which
are required or permitted hereunder shall be in writing, and shall be deemed given when actually
received or if earlier, two days after deposit with the U.S. postal authorities, certified or
registered mail, return receipt requested, postage prepaid or two days after deposit with an
internationally recognized air courier or express mail, charges prepaid, addressed as follows:

If to Employer:

Thermo Fisher Scientific Inc.

81 Wyman Street

Waltham, Massachusetts 02454

Attention: General Counsel

     If to the Employee, at the address set forth above, or to such other address as any party
hereto may designate in writing to the other party, specifying a change of address for the purpose
of this Agreement.

     Section 12. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument.

     Section 13. This Agreement shall be construed and interpreted in accordance with, and
shall be governed exclusively by, the laws of the Commonwealth of Massachusetts and the federal
laws of the United States of America. In the event litigation is maintained by a party to this
Agreement against any other party to enforce this Agreement or to seek any remedy for breach, then
each party hereto shall be responsible for such party’s own attorneys’ fees and costs of suit.

     Section 14. THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS CAREFULLY READ THIS
AGREEMENT AND HAS HAD ADEQUATE TIME AND OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF THE EMPLOYEE’S
OWN CHOOSING

3.

 

REGARDING THE MEANING OF THE TERMS AND CONDITIONS CONTAINED HEREIN, AND THE EMPLOYEE FURTHER
ACKNOWLEDGES THAT THE EMPLOYEE FULLY UNDERSTANDS THE CONTENT AND EFFECT OF THIS AGREEMENT AND
AGREES TO ALL OF THE PROVISIONS CONTAINED HEREIN.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 

	EMPLOYEE:	 	THERMO FISHER SCIENTIFIC INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

[Insert Name]

	 	Name: 
	 

	 	 
	 

	 	Title:	 	 	 	 

4.

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