Document:

EX-10.22

 Exhibit 10.22 
  

 
 October 24, 2014 

Mr. Namal Nawana 
 33 Westcliff Road 

Weston, MA 02493 
 Dear Namal: 

I am pleased to extend to you this offer to become a Chief Executive Officer of Alere, Inc, (the Company) and a member of the Company’s Board of
Directors. This offer contains the following terms: 
 Base Compensation: You will receive a biweekly salary of $40,384.62, or
$1,050,000.00 annualized, effective immediately and to be in effect through 2015. 
 Incentive Compensation: You will be awarded a
bonus of $500,000.00, payable in January 2015, for your contributions to Alere in 2014, particularly as interim CEO. In 2015, you will have a target bonus opportunity equal to 100% of your annual salary, with a minimum payout of 50% of base salary
and a maximum of 150%. 
 Long Term Equity: We will also promptly recommend to the Board of Directors of the Company that you be
granted an option to purchase 100,000 non-qualified options of Alere common stock. Subject to the Board’s approval, the date of the grant will be the first Stock Option Grant Date following your acceptance of this offer. This option will vest
over four years in equal annual installments. 
 We will also promptly recommend to the Board of Directors of the Company that you be granted
50,000 Restricted Stock Units (RSUs). The approval date will be the first Stock Option Grant Date following your acceptance of this offer. The RSUs will vest one third on the first anniversary of the grant date, another one-third on the second
anniversary and one-third on the third anniversary. 
 Also under the Company’s 2010 Stock Option and Incentive Plan, we will recommend
the approval of 150,000 Performance Stock Units (PSUs), upon the Company’s establishment of applicable performance targets, no later than December 31, 2014. The PSUs will vest one-third after the 2015 performance period, one third after
the 2016 performance period and one third after the 2017 performance period, based on performance against agreed upon performance targets. 
 Namal, this
offer keeps in place the previously executed Company’s Nondisclosure, Noncompetition and Developments Agreement. You will continue to be employed by the Company on an at-will basis. The means that your employment is not for a specific period of
time, and that either you or the 

 

 
 Company may terminate your employment at any time, with or without notice and with or without cause. Although your duties,
compensation and benefits, as well as Company personnel policies and procedures, may change from time to time, you agree A) that the Company’s Nondisclosure, Noncompetition and Developments will continue to apply to you, and B) the
“at-will” nature of your employment may only be changed in a document signed by you and the Chairman of the Company. 
 Namal, I and the rest of
the Board of Directors, are extremely grateful for your already meaningful contributions to the Company, and are enthusiastic about this appointment to be the Company’s next Chief Executive Officer. 

Sincerely, 
 /s/ Gregg Powers 

Gregg Powers 
 Chairman of the Board 

I hereby accept and agree to the above offer employment subject to the conditions set out above. 

 

							
	/s/ Namal Nawana	 		 	10/24/2014
	Namal Nawana	 		 	DateEX-10.23

 Exhibit 10.23 
  

			
	 

  
  

March 8, 2013
  

Ms. Daniella Cramp
 Alere San Diego, Inc.

9975 Summers Ridge Road
 San Diego, CA 92121
		

 Dear Daniella: 
 I am pleased
that you have agreed to continue your employment within the Alere group of companies in the new role of Global President Chronic Care for Alere Inc. (“Alere” or the “Company”). In this position, you will report to Namal Nawana,
Alere’s Chief Operating Officer. 
 Please sign the Company’s Nondisclosure, Nonsolicitation and Developments Agreement, attached hereto. 

You will continue to be employed by the Company on an at-will basis. This means that your employment is for no specific period of time, and either you or the
Company may terminate your employment at any time, with or without notice and with or without cause. This letter is not meant to be a contract of employment for any specific duration. Although your job duties, title, compensation and benefits, as
well as Company personnel policies and procedures, may change from time to time, you agree (A) that the Company’s Nondisclosure, Nonsolicitation and Developments Agreement will continue to apply to you, and (B) the “at-will”
nature of your employment may only be changed in a document signed by you and the Chief Executive Officer of the Company. 
 Notwithstanding the
“at-will” nature of your employment, under certain conditions, described in I and II below, the Company will pay you a severance benefit upon your separation from service with the Company. 

I. Separation from Service prior to March 1, 2018 Other than for Cause or Disability. 

If your employment is (i) terminated by the Company for any reason other than “Cause” or “Disability” (as such terms are defined
below), or (ii) terminated voluntarily by you, the Company will pay you “Separation Pay” equal to twelve (12) months of your then current annualized base salary, bi-weekly in accordance with the Company’s regular payroll
practice, less all required local, state, federal and other employment-related taxes and deductions. The payment period will begin on the 60th day following the date of your separation from
service so long as you have executed a standard separation agreement containing a release of claims and any revocation period of such agreement has expired prior to the first day of the payment period. For the sake of clarity, if you have not signed
the standard separation agreement and the revocation period has not expired prior to the first day of the payment period, no “Separation Pay” will be paid. 

 II. Separation from Service on or after March 1, 2018 Other than for Cause or Disability. 

If your employment is terminated by the Company for any reason other than “Cause” or “Disability”, the Company will pay you
“Separation Pay” equal to twelve (12) months of your then current annualized base salary, bi-weekly in accordance with the Company’s regular payroll practice, less all required local, state, federal and other employment-related
taxes and deductions. The payment period will begin on the 60th day following the date of your separation from service so long as you have executed a standard separation agreement containing a
release of claims and any revocation period of such agreement has expired prior to the first day of the payment period. For the sake of clarity, if you have not signed the standard separation agreement and the revocation period has not expired prior
to the first day of the payment period, no “Separation Pay” will be paid. 
 III. Separation from Service for Cause or Disability or
Voluntarily on or after March 1, 2018. 
 You will be entitled only to receive your pro rata salary through your last day of employment and any
other benefit or compensation due and owing to you under applicable law in the event that (i) you voluntarily leave your employment with the Company for any reason on or after March 1, 2018; or (ii) the Company terminates your
employment for “Cause”; or (iii) your employment terminates as a result of your death or “Disability”. 
 For the purposes of this
Offer Letter, “Cause” means (i) conviction of a felony or any crime of moral turpitude; (ii) commission of any act of gross negligence or intentional misconduct in the performance or non-performance of your duties as an employee
of the Company, including but not limited to misrepresentation or fraud; or (iii) a material breach by you of any agreement with the Company. 
 For
the purposes of this Offer Letter, “Disability” means your physical or mental impairment, or combination thereof, which, in the good faith judgment of Alere’s Chief Operating Officer, renders you incapable of performing your job
duties for a period of at least 120 consecutive calendar days or 150 calendar days during any consecutive twelve-month period, if shorter. 

Notwithstanding any other provision of this letter, it is intended that any payment or benefit provided in accordance with the terms of this letter that is
considered to be nonqualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended shall be provided and paid in a manner, and at such time and in such form, as complies with the applicable requirements
of Section 409A of the Code. If and to the extent required by Section 409A of the Code, no payment or benefit shall be made or provided to a “specified employee” (as defined below) prior to the six (6) month anniversary of
your separation from service (within the meaning of Section 409A(a)(2)(A)(i) of the Code). The amounts provided for in this letter that constitute nonqualified deferred compensation shall be paid as soon as the six month deferral period ends.
In the event that benefits are required to be deferred, any such benefit may be provided during such six month deferral period at your expense, with your having a right to reimbursement from Alere for the amount of any premiums or expenses paid by
you once the six month deferral period ends. For this purpose, a specified employee shall mean an individual who is a key employee (as defined in Section 416(i) of the Code without regard to Section 416(i)(5) of the Code) of Alere at any
time during the 12-month period ending on each December 31 (the “identification date”). If you are a key employee as of an identification date, you shall be treated as a specified employee for
the 12-month period beginning on the April 1 following the identification date. Notwithstanding the 

 
foregoing, you shall not be treated as a specified employee unless any stock of Alere or a corporation or business affiliated with it pursuant to Sections 414(b) or (c) of the Code is
publicly traded on an established securities market or otherwise. To the extent that Alere makes payments to you under this letter based on its determination that you are not a “specified employee” and the Internal Revenue Service
ultimately concludes that you should have been treated as a “specified employee” and those payments delayed, Alere shall make you whole in respect of any penalties and taxes on the payments and will gross up the make-whole payment for the
tax effects thereon. 
 Please indicate your acceptance of this offer by signing and dating one copy of this letter and returning the signed letter to me at
your earliest convenience. 
 Daniella, I am looking forward to your continued contribution and participation in the exciting opportunities at the Company.

  

	
	Sincerely,
	
	/s/ Robert B. Hargadon
	 Robert B. Hargadon
 Vice President, Global
Human Resources

 I hereby accept and agree to the above offer employment subject to the conditions set out above. 

 

	
	/s/ Daniella Cramp
	Ms. Daniella Cramp

  

	
	3/21/13
	Date

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