Document:

exv10w1

Exhibit 10.1

Alere Inc.

2010 STOCK OPTION AND INCENTIVE PLAN

SECTION 1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS

     The name of the plan is the Alere Inc. 2010 Stock Option and Incentive Plan (the “Plan”). The
purpose of the Plan is to encourage and enable the officers, employees, Independent Directors and
other key persons (including consultants) of Alere Inc. (the “Company”)
and its Subsidiaries upon whose judgment, initiative and efforts the Company largely depends for
the successful conduct of its business to acquire a proprietary interest in the Company. It is
anticipated that providing such persons with a direct stake in the Company’s welfare will assure a
closer identification of their interests with those of the Company, thereby stimulating their
efforts on the Company’s behalf and strengthening their desire to remain with the Company.

     The following terms shall be defined as set forth below:

     “Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder.

     “Administrator” is defined in Section 2(a).

     “Award” or “Awards,” except where referring to a particular category of grant under the Plan,
shall include Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation Rights,
Restricted Stock Units, Restricted Stock Awards, Unrestricted Stock Awards, Performance Share
Awards and Dividend Equivalent Rights.

     “Board” means the Board of Directors of the Company.

     “Change of Control” is defined in Section 18.

     “Code” means the Internal Revenue Code of 1986, as amended, and any successor Code, and
related rules, regulations and interpretations.

     “Committee” means the Committee of the Board referred to in Section 2.

     “Covered Employee” means an employee who is a “Covered Employee” within the meaning of Section
162(m) of the Code.

     “Dividend Equivalent Right” means Awards granted pursuant to Section 12.

     “Effective Date” means the date on which the Plan is approved by stockholders as set forth in
Section 20.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations thereunder.

     “Fair Market Value” means the closing price for the Stock on any given date during regular
trading, or if not trading on that date, such price on the last preceding date on which the Stock
was traded, unless determined otherwise by the Administrator using such methods or procedures as it
may establish.

     “Incentive Stock Option” means any Stock Option designated and qualified as an “incentive
stock option” as defined in Section 422 of the Code.

     “Independent Director” means a member of the Board who is not also an employee of the Company
or any Subsidiary.

     “Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock Option.

     “Option” or “Stock Option” means any option to purchase shares of Stock granted pursuant to
Section 5.

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     “Outside Director” means a current member of the Board who is: (i) not a current employee of
the Company, (ii) not a former employee of the Company who receives compensation from the Company
for prior services (other than benefits under a qualified retirement plan) during the taxable year,
(iii) has not been an officer of the Company, and (iv) does not receive remuneration from the
Company, either directly or indirectly in exchange for goods or services, in any capacity other
than as a director, all as set out in detail in Treasury Regulation 1.162-27(e)(3).

     “Performance Criteria” means the criteria that the Administrator selects for purposes of
establishing the Performance Goal or Performance Goals for an individual for a Performance Cycle.
The Performance Criteria (which shall be applicable to the organizational level specified by the
Administrator, including, but not limited to, the Company or a unit, division, group, or Subsidiary
of the Company) that will be used to establish Performance Goals are limited to the following: (i)
earnings before interest, taxes, depreciation and amortization; (ii) net income (loss) (either
before or after interest, taxes, depreciation and/or amortization); (iii) changes in the market
price of the Stock; (iv) cash flow; (v) funds from operations or similar measure; (vi) sales or
revenue; (vii) acquisitions or strategic transactions; (viii) operating income (loss); (ix) return
on capital, assets, equity, or investment; (x) total stockholder returns or total returns to
stockholders; (xi) gross or net profit levels; (xii) productivity; (xiii) expense; (xiv) margins;
(xv) operating efficiency; (xvi) customer satisfaction; (xvii) working capital; (xviii) earnings
per share of Stock; or (xix) lease up performance, net operating income performance or yield on
development or redevelopment communities, any of which under the preceding clauses (i) through
(xix) may be measured either in absolute terms or as compared to any incremental increase or as
compared to results of a peer group.

     “Performance Cycle” means one or more periods of time, which may be of varying and overlapping
durations, as the Administrator may select, over which the attainment of one or more Performance
Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a
Restricted Stock Award, Restricted Stock Units, or Performance Share Award. Each such period shall
not be less than 12 months.

     “Performance Goals” means, for a Performance Cycle, the specific goals established in writing
by the Administrator for a Performance Cycle based upon the Performance Criteria.

     “Performance Share Award” means Awards granted pursuant to Section 10.

     “Restricted Stock Award” means Awards granted pursuant to Section 7.

     “Restricted Stock Units” means Awards granted pursuant to Section 8.

     “Section 409A” means Section 409A of the Code and the regulations and other guidance
promulgated thereunder.

     “Stock” means the Common Stock, par value $0.001 per share, of the Company, subject to
adjustments pursuant to Section 3.

     “Stock Appreciation Right” means an Award granted pursuant to Section 6.

     “Subsidiary” means any corporation or other entity (other than the Company) in which the
Company owns at least a 50% interest or controls, either directly or indirectly.

     “Unrestricted Stock Award” means any Award granted pursuant to Section 9.

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SECTION 2. ADMINISTRATION OF PLAN; ADMINISTRATOR AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS

     (a) Committee. The Plan shall be administered by either the Board or a committee of
not less than two Independent Directors (in either case, the “Administrator”), as determined by the
Board from time to time; provided that, (i) for purposes of Awards to Directors or Section
16 officers of the Company, the Administrator shall be deemed to include only Directors who are
Independent Directors and no director who is not an Independent Director shall be entitled to vote
or take action in connection with any such proposed Award and (ii) for purposes of Performance
Based Awards, the Administrator shall be a committee of the Board composed of two or more Outside
Directors.

     (b) Powers of Administrator. The Administrator shall have the power and authority to
grant Awards consistent with the terms of the Plan, including the power and authority:

     (i) to select the individuals to whom Awards may from time to time be granted;

     (ii) to determine the time or times of grant, and the extent, if any, of Incentive Stock
Options, Non-Qualified Stock Options, Stock Appreciation Rights, Restricted Stock Awards,
Restricted Stock Units, Unrestricted Stock Awards, Performance Share Awards and Dividend
Equivalent Rights or any combination of the foregoing, granted to any one or more grantees;

     (iii) to determine the number of shares of Stock to be covered by any Award;

     (iv) to determine and modify from time to time the terms and conditions, including
restrictions, not inconsistent with the terms of the Plan and Section 2(b)(v) below, of any
Award, which terms and conditions may differ among individual Awards and grantees, and to approve
the form of written instruments evidencing the Awards; except that repricing of Stock Options
shall not be permitted without shareholder approval and further provided that, other than by
reason of, or in connection with, any death, disability, retirement, employment termination
(without cause), or Change of Control, the Administrator shall not accelerate or waive any
restriction period applicable to any outstanding Restricted Stock Award or any Restricted Stock
Unit beyond the minimum restriction periods set forth in Section 7 and Section 8, respectively,
nor shall the Administrator accelerate or amend the aggregate period over which any Performance
Share Award is measured to less than one (1) year;

     (v) to accelerate at any time the exercisability or vesting of all or any portion of any
Award consistent with Section 2(b)(iv) and further provided that, other than by reason of, or in
connection with, any death, disability, retirement, employment termination (without cause), or
Change of Control, the Administrator shall not accelerate the exercisability or vesting of
unvested Stock Options or Stock Appreciation Rights which in the aggregate, when combined with
the aggregate number of shares of Stock issued pursuant to Section 9, exceed ten percent (10%) of
the maximum number of shares of stock reserved and available for issuance under the Plan pursuant
to Section 3(a), as amended;

     (vi) subject to the provisions of Section 5(a)(ii), to extend at any time the period in
which Stock Options may be exercised;

     (vii) to determine at any time whether, to what extent, and under what circumstances
distribution or the receipt of Stock and other amounts payable with respect to an Award shall be
deferred either automatically or at the election of the grantee and whether and to what extent
the Company shall pay or credit amounts constituting interest (at rates determined by the
Administrator) or dividends or deemed dividends on such deferrals;

     (viii) at any time to adopt, alter and repeal such rules, guidelines and practices for
administration and operation of the Plan and for its own acts and proceedings as it shall deem
advisable; to interpret the terms and provisions of the Plan and any Award (including related
written instruments); to make all determinations it deems advisable for the administration and
operation of the Plan; to decide all disputes arising in connection with the Plan; and to
otherwise supervise the administration of the Plan; and

     (ix) to make any adjustments or modifications to Awards granted to participants who are
working outside the United States and adopt any sub-plans as may be deemed necessary or advisable
for participation of such participants, to fulfill the purposes of the Plan and/or to comply with
applicable laws.

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     All decisions and interpretations of the Administrator shall be binding on all persons,
including the Company and Plan grantees.

     (c) Delegation of Authority to Grant Awards. The Administrator, in its discretion,
may delegate to the Chief Executive Officer of the Company all or part of the Administrator’s
authority and duties with respect to the granting of Awards at Fair Market Value, to individuals
who are not subject to the reporting and other provisions of Section 16 of the Exchange Act or
Covered Employees. Any such delegation by the Administrator shall include a limitation as to the
amount of Awards that may be granted during the period of the delegation and shall contain
guidelines as to the determination of the exercise price of any Stock Option, the conversion ratio
or price of other Awards and the vesting criteria. The Administrator may revoke or amend the terms
of a delegation at any time but such action shall not invalidate any prior actions of the
Administrator’s delegate or delegates that were consistent with the terms of the Plan.

     (d) Indemnification. Neither the Board nor the Committee, nor any member of either or
any delegate thereof, shall be liable for any act, omission, interpretation, construction or
determination made in good faith in connection with the Plan, and the members of the Board and the
Committee (and any delegate thereof) shall be entitled in all cases to indemnification and
reimbursement by the Company in respect of any claim, loss, damage or expense (including, without
limitation, reasonable attorneys’ fees) arising or resulting therefrom to the fullest extent
permitted by law and/or under any directors’ and officers’ liability insurance coverage which may
be in effect from time to time.

SECTION 3. STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION

     (a) Stock Issuable. The maximum number of shares of Stock reserved and available for
issuance under the Plan shall be 1,653,663 shares, subject to adjustment as provided in Section
3(b) (the “Pool”). For purposes of this limitation, in respect of any shares of Stock under any
Award which shares are forfeited, canceled, satisfied without the issuance of Stock, otherwise
terminated, or, for shares of Stock issued pursuant to any unvested full value Award, reacquired by
the Company at not more than the grantee’s purchase price (other than by exercise) (“Unissued
Shares”), the number of shares of Stock that were removed from the Pool for such Unissued Shares
shall be added back to the Pool. Notwithstanding the foregoing, upon the exercise of any Award to
the extent that the Award is exercised through tendering previously owned shares or through
withholding shares that would otherwise be awarded and to the extent shares are withheld for tax
withholding purposes, the Pool shall be reduced by the gross number of shares of Stock being
exercised without giving effect to the number of shares tendered or withheld. Subject to such
overall limitation, shares of Stock may be issued up to such maximum number pursuant to any type or
types of Award; provided, however, (i) Stock Options or Stock Appreciation Rights with respect to
no more than 1,000,000 shares of Stock may be granted to any one individual grantee during any one
calendar year period and (ii) each share subject to a full value award settled in stock — other
than an Award that is a stock option or other award that requires the grantee to purchase shares
for their fair market value at the time of grant — will reduce the number of shares in the Pool
available for grant by three (3). The shares available for issuance from the Pool may be authorized
but unissued shares of Stock or shares of Stock reacquired by the Company and held in its treasury.

     (b) Changes in Stock. Subject to Section 3(c) hereof, if, as a result of any
reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock
split or other similar change in the Company’s capital stock, the outstanding shares of Stock are
increased or decreased or are exchanged for a different number or kind of shares or other
securities of the Company, or additional shares or new or different shares or other securities of
the Company or other non-cash assets are distributed with respect to such shares of Stock or other
securities, or, if, as a result of any merger or consolidation, sale of all or substantially all of
the assets of the Company, the outstanding shares of Stock are converted into or exchanged for a
different number or kind of securities of the Company or any successor entity (or a parent or
subsidiary thereof), the Administrator shall make an appropriate or proportionate adjustment in (i)
the maximum number of shares reserved for issuance under the Plan, (ii) the number of Stock Options
or Stock Appreciation Rights that can be granted to any one individual grantee, (iii) the maximum
number of shares that may be granted under a Performance-Based Award, (iv) the number and kind of
shares or other securities subject to any then outstanding Awards under the Plan, (v) the
repurchase price per share subject to each outstanding Restricted Stock Award, and (vi) the price
for each share subject to any then outstanding Stock Options and Stock Appreciation Rights under
the Plan, without changing the aggregate exercise price (i.e., the exercise price

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multiplied by the number of Stock Options or Stock Appreciation Rights) as to which such Stock
Options and Stock Appreciation Rights remain exercisable. The adjustment by the Administrator shall
be final, binding and conclusive. No fractional shares of Stock shall be issued under the Plan
resulting from any such adjustment, but the Administrator in its discretion may make a cash payment
in lieu of fractional shares.

     The Administrator may also adjust the number of shares subject to outstanding Awards and the
exercise price and the terms of outstanding Awards to take into consideration material changes in
accounting practices or principles, extraordinary dividends, acquisitions or dispositions of stock
or property or any other event if it is determined by the Administrator that such adjustment is
appropriate to avoid distortion in the operation of the Plan, provided that no such adjustment
shall be made in the case of an Incentive Stock Option, without the consent of the grantee, if it
would constitute a modification, extension or renewal of the Option within the meaning of Section
424(h) of the Code.

     (c) Mergers and Other Transactions. In the case of and subject to the consummation of
(i) the dissolution or liquidation of the Company, (ii) the sale of all or substantially all of the
assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger,
reorganization or consolidation in which the outstanding shares of Stock are converted into or
exchanged for a different kind of securities of the successor entity and the holders of the
Company’s outstanding voting power immediately prior to such transaction do not own a majority of
the outstanding voting power of the successor entity immediately upon completion of such
transaction, or (iv) the sale of all of the Stock of the Company to an unrelated person or entity
(in each case, a “Sale Event”), upon the effective time of the Sale Event, the Plan and all
outstanding Awards granted hereunder shall terminate, unless provision is made in connection with
the Sale Event in the sole discretion of the parties thereto for the assumption or continuation of
Awards theretofore granted by the successor entity, or the substitution of such Awards with new
Awards of the successor entity or parent thereof, with appropriate adjustment as to the number and
kind of shares and, if appropriate, the per share exercise prices, as such parties shall agree
(after taking into account any acceleration hereunder). In the event of such termination, each
grantee shall be permitted, within a specified period of time prior to the consummation of the Sale
Event as determined by the Administrator, to exercise all outstanding Options and Stock
Appreciation Rights held by such grantee, including those that will become exercisable upon the
consummation of the Sale Event; provided, however, that the exercise of Options and Stock
Appreciation Rights not exercisable prior to the Sale Event shall be subject to the consummation of
the Sale Event.

     Notwithstanding anything to the contrary in this Section 3(c), in the event of a Sale Event
pursuant to which holders of the Stock of the Company will receive upon consummation thereof a cash
payment for each share surrendered in the Sale Event, the Company shall have the right, but not the
obligation, to make or provide for a cash payment to the grantees holding Options and Stock
Appreciation Rights, in exchange for the cancellation thereof, in an amount equal to the difference
between (A) the value as determined by the Administrator of the consideration payable per share of
Stock pursuant to the Sale Event (the “Sale Price”) times the number of shares of Stock subject to
outstanding Option and Stock Appreciation Rights (to the extent then exercisable at prices not in
excess of the Sale Price) and (B) the aggregate exercise price of all such outstanding Options and
Stock Appreciation Rights.

     (d) Substitute Awards. The Administrator may grant Awards under the Plan in
substitution for stock and stock-based awards held by employees, directors or other key persons of
another corporation in connection with the merger or consolidation of the employing corporation
with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or
stock of the employing corporation. The Administrator may direct that the substitute awards be
granted on such terms and conditions as the Administrator considers appropriate in the
circumstances. Any substitute Awards granted under the Plan shall not count against the share
limitation set forth in Section 3(a).

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SECTION 4. ELIGIBILITY

     Grantees under the Plan will be such full or part-time officers and other employees,
Independent Directors and key persons (including consultants and prospective employees) of the
Company and its Subsidiaries as are selected from time to time by the Administrator in its sole
discretion.

SECTION 5. STOCK OPTIONS

     Any Stock Option granted under the Plan shall be in such form as the Administrator may from
time to time approve.

     Stock Options granted under the Plan may be either Incentive Stock Options or Non-Qualified
Stock Options. Incentive Stock Options may be granted only to employees of the Company or any
Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code. To
the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a
Non-Qualified Stock Option.

     No Incentive Stock Option shall be granted under the Plan after July 14, 2020.

     (a) Stock Options. Stock Options granted pursuant to this Section 5(a) shall be
subject to the following terms and conditions and shall contain such additional terms and
conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable.
If the Administrator so determines, Stock Options may be granted in lieu of cash compensation at
the optionee’s election, subject to such terms and conditions as the Administrator may establish.

     (i) Exercise Price. The exercise price per share for the Stock covered by a Stock
Option granted pursuant to this Section 5(a) shall be determined by the Administrator at the time
of grant but shall not be less than 100 percent of the Fair Market Value on the date of grant. If
an employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the
Code) more than 10 percent of the combined voting power of all classes of stock of the Company or
any parent or subsidiary corporation and an Incentive Stock Option is granted to such employee, the
option price of such Incentive Stock Option shall be not less than 110 percent of the Fair Market
Value on the grant date.

     (ii) Option Term. The term of each Stock Option shall be fixed by the Administrator,
but no Stock Option shall be exercisable more than 10 years after the date the Stock Option is
granted. If an employee owns or is deemed to own (by reason of the attribution rules of Section
424(d) of the Code) more than 10 percent of the combined voting power of all classes of stock of
the Company or any parent or subsidiary corporation and an Incentive Stock Option is granted to
such employee, the term of such Stock Option shall be no more than five years from the date of
grant.

     (iii) Exercisability; Rights of a Stockholder. Stock Options shall become exercisable
at such time or times, whether or not in installments, as shall be determined by the Administrator
at or after the grant date. Subject to Section 2(b)(v), the Administrator may at any time
accelerate the exercisability of all or any portion of any Stock Option. An optionee shall have the
rights of a stockholder only as to shares acquired upon the exercise of a Stock Option and not as
to unexercised Stock Options.

     (iv) Method of Exercise. Stock Options may be exercised in whole or in part, by
giving written notice of exercise to the Company, specifying the number of shares to be purchased.
Payment of the purchase price may be made by one or more of the following methods to the extent
provided in the Option Award agreement:

     (A) In cash, by certified or bank check or other instrument acceptable to the Administrator;

     (B) Through the delivery (or attestation to the ownership) of shares of Stock that are not
then subject to restrictions under any company plan. Such surrendered shares shall be valued at
Fair Market Value on the exercise date;

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     (C) By the optionee delivering to the Company a properly executed exercise notice together
with irrevocable instructions to a broker to promptly deliver to the Company cash or a check
payable and acceptable to the Company for the purchase price; provided that in the event the
optionee chooses to pay the purchase price as so provided, the optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and other agreements as
the Administrator shall prescribe as a condition of such payment procedure; or

     (D) With respect to Stock Options that are not Incentive Stock Options, by a “net exercise”
arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon
exercise by the largest whole number of shares with a Fair Market Value that does not exceed the
aggregate exercise price.

     (E) Any other method permitted by the Administrator.

     Payment instruments will be received subject to collection. The delivery of certificates
representing the shares of Stock to be purchased pursuant to the exercise of a Stock Option will be
contingent upon receipt from the optionee (or a purchaser acting in his stead in accordance with
the provisions of the Stock Option) by the Company of the full purchase price for such shares and
the fulfillment of any other requirements contained in the Option Award agreement or applicable
provisions of laws. In the event an optionee chooses to pay the purchase price by previously-owned
shares of Stock through the attestation method, the number of shares of Stock transferred to the
optionee upon the exercise of the Stock Option shall be net of the number of shares attested to.

     (v) Annual Limit on Incentive Stock Options. To the extent required for “incentive
stock option” treatment under Section 422 of the Code, the aggregate Fair Market Value (determined
as of the time of grant) of the shares of Stock with respect to which Incentive Stock Options
granted under this Plan and any other plan of the Company or its parent and subsidiary corporations
become exercisable for the first time by an optionee during any calendar year shall not exceed
$100,000. To the extent that any Stock Option exceeds this limit, it shall constitute a
Non-Qualified Stock Option.

     (b) Non-transferability of Options. No Stock Option shall be transferable by the
optionee otherwise than by will or by the laws of descent and distribution and all Stock Options
shall be exercisable, during the optionee’s lifetime, only by the optionee, or by the optionee’s
legal representative or guardian in the event of the optionee’s incapacity. Notwithstanding the
foregoing, the Administrator, in its sole discretion, may provide in the Award agreement regarding
a given Option that the optionee may transfer his Non-Qualified Stock Options to members of his
immediate family, to trusts for the benefit of such family members, or to partnerships in which
such family members are the only partners, provided that the transferee agrees in writing with the
Company to be bound by all of the terms and conditions of this Plan and the applicable Option.

     (c) Form of Settlement. Shares of Stock issued upon exercise of a Stock Option shall
be free of all restrictions under the Plan, except as otherwise provided in the Plan.

SECTION 6. STOCK APPRECIATION RIGHTS

     (a) Nature of Stock Appreciation Rights. A Stock Appreciation Right is an Award
entitling the recipient to receive shares of Stock having a value on the date of exercise
calculated as follows: (i) the grant date exercise price of a share of Stock is (ii) subtracted
from the Fair Market Value of the Stock on the date of exercise and (iii) the difference is
multiplied by the number of shares of Stock with respect to which the Stock Appreciation Right
shall have been exercised.

     For example, if the grant date exercise price is $10.00 and the Fair Market Value on the date
of exercise is $20.00, the difference is $10.00. If the grantee is exercising the Stock
Appreciation Right as to 100 shares of Stock, he or she will receive shares with a value on the
exercise date of $1,000.00 ($20.00 — $10.00 = $10.00. $10.00 x 100 = $1,000.00.) The grantee will
receive 50 shares of stock. ($1,000.00 ÷ $20.00 = 50 shares.)

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     (b) Exercise Price of Stock Appreciation Rights. The exercise price of a Stock
Appreciation Right shall not be less than 100 percent of the Fair Market Value of the Stock on the
date of grant.

     (c) Grant and Exercise of Stock Appreciation Rights. Stock Appreciation Rights may be
granted by the Administrator independently of any Stock Option granted pursuant to Section 5 of the
Plan.

     (d) Terms and Conditions of Stock Appreciation Rights. Stock Appreciation Rights
shall be subject to such terms and conditions as shall be determined from time to time by the
Administrator. The term of a Stock Appreciation Right may not exceed ten years.

SECTION 7. RESTRICTED STOCK AWARDS

     (a) Nature of Restricted Stock Awards. A Restricted Stock Award is an Award entitling
the recipient to acquire, at such purchase price as determined by the Administrator, shares of
Stock subject to such restrictions and conditions as the Administrator may determine at the time of
grant (“Restricted Stock”). Conditions may be based on continuing employment (or other service
relationship) and/or achievement of pre-established performance goals and objectives. The grant of
a Restricted Stock Award is contingent on the grantee executing the Restricted Stock Award
agreement. The terms and conditions of each such agreement shall be determined by the
Administrator, and such terms and conditions may differ among individual Awards and grantees.

     (b) Rights as a Stockholder. Upon execution of a written instrument setting forth the
Restricted Stock Award and payment of any applicable purchase price, a grantee shall have the
rights of a stockholder with respect to the voting of the Restricted Stock, subject to such
conditions contained in the written instrument evidencing the Restricted Stock Award. Unless the
Administrator shall otherwise determine, certificates evidencing the Restricted Stock shall remain
in the possession of the Company until such Restricted Stock is vested as provided in Section 7(d)
below, and the grantee shall be required, as a condition of the grant, to deliver to the Company a
stock power endorsed in blank.

     (c) Restrictions. Restricted Stock may not be sold, assigned, transferred, pledged or
otherwise encumbered or disposed of except as specifically provided herein or in the Restricted
Stock Award agreement. If a grantee’s employment (or other service relationship) with the Company
and its Subsidiaries terminates for any reason, the Company shall have the right to repurchase
Restricted Stock that has not vested at the time of termination at its original purchase price,
from the grantee or the grantee’s legal representative.

     (d) Vesting of Restricted Stock. The Administrator at the time of grant shall specify
the date or dates and/or the attainment of pre-established performance goals, objectives and other
conditions on which the non-transferability of the Restricted Stock and the Company’s right of
repurchase or forfeiture shall lapse. Subsequent to such date or dates and/or the attainment of
such pre-established performance goals, objectives and other conditions, the shares on which all
restrictions have lapsed shall no longer be Restricted Stock and shall be deemed “vested.” Except
as may otherwise be provided by the Administrator either in the Award agreement or, subject to
Section 16 below, in writing after the Award agreement is issued, a grantee’s rights in any shares
of Restricted Stock that have not vested shall automatically terminate upon the grantee’s
termination of employment (or other service relationship) with the Company and its Subsidiaries and
such shares shall be subject to the Company’s right of repurchase as provided in Section 7(c)
above.

     (e) Restriction Period. Restricted Stock subject to vesting upon the attainment of
performance goals or objectives shall vest after the attainment of the stated performance goals or
objectives but only after a restricted period of at least one (1) year. All other Restricted Stock
shall vest after a restriction period of not less than three (3) years; provided, however, that any
Restricted Stock with a time-based restriction may become vested incrementally over such three-year
period.

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     (f) Waiver, Deferral and Reinvestment of Dividends. The Restricted Stock Award
agreement may require or permit the immediate payment, waiver, deferral or investment of dividends
paid on the Restricted Stock.

SECTION 8. RESTRICTED STOCK UNITS

     (a) Nature of Restricted Stock Units. A Restricted Stock Unit is a bookkeeping entry
representing the equivalent of one share of Stock for each Restricted Stock Unit awarded to a
grantee and represents an unfunded and unsecured obligation of the Company. The Administrator shall
determine the restrictions and conditions applicable to each Restricted Stock Unit at the time of
grant. Conditions may be based on continuing employment (or other service relationship) and/or
achievement of pre-established performance goals and objectives. The terms and conditions of each
such Award agreement shall be determined by the Administrator, and such terms and conditions may
differ among individual Awards and grantees. Notwithstanding the foregoing, in the event that any
such Restricted Stock Units granted to employees shall have a performance-based goal, the
restriction period with respect to such Award shall not be less than one year, and in the event any
such Restricted Stock Units granted to employees shall have a time-based restriction only (without
any prior performance condition to the grant or vesting thereof), the total restriction period with
respect to such Award shall not be less than three years; provided, however, that any Restricted
Stock Units with a time-based restriction may become vested incrementally over such three-year
period. At the end of the vesting period, the Restricted Stock Units, to the extent vested, shall
be settled in the form of shares of Stock. To the extent that an award of Restricted Stock Units is
subject to Section 409A, it may contain such additional terms and conditions as the Administrator
shall determine in its sole discretion in order for such Award to comply with the requirements of
Section 409A.

     (b) Election to Receive Restricted Stock Units in Lieu of Compensation. The
Administrator may, in its sole discretion, permit a grantee to elect to receive a portion of future
cash compensation otherwise due to such grantee in the form of an award of Restricted Stock Units.
Any such election shall be made in writing and shall be delivered to the Company no later than the
date specified by the Administrator and in accordance with Section 409A and such other rules and
procedures established by the Administrator. Any such future cash compensation that the grantee
elects to defer shall be converted to a fixed number of Restricted Stock Units based on the Fair
Market Value of Stock on the date the compensation would otherwise have been paid to the grantee if
such payment had not been deferred as provided herein. The Administrator shall have the sole right
to determine whether and under what circumstances to permit such elections and to impose such
limitations and other terms and conditions thereon as the Administrator deems appropriate. Any
Restricted Stock Units that are elected to be received in lieu of cash compensation shall be fully
vested, unless otherwise provided in the Award.

     (c) Rights as a Stockholder. A grantee shall have the rights as a stockholder only as
to shares of Stock acquired by the grantee upon settlement of Restricted Stock Units; provided,
however, that the grantee may be credited with Dividend Equivalent Rights with respect to the
phantom stock units underlying his Restricted Stock Units, subject to such terms and conditions as
the Administrator may determine.

     (d) Termination. Except as may otherwise be provided by the Administrator either in
the Award agreement or, subject to Section 16 below, in writing after the Award is issued, a
grantee’s right in all Restricted Stock Units that have not vested shall automatically terminate
upon the grantee’s termination of employment (or cessation of service relationship) with the
Company and its Subsidiaries for any reason.

SECTION 9. UNRESTRICTED STOCK AWARDS

     (a) Grant or Sale of Unrestricted Stock. The Administrator may, in its sole
discretion, grant (or sell at a purchase price determined by the Administrator) an Unrestricted
Stock Award to any grantee, pursuant to which such grantee may receive shares of Stock free of any
restrictions (“Unrestricted Stock”) under the Plan. Unrestricted Stock Awards may be granted or
sold as described in the preceding sentence in respect of past services or other valid
consideration, or in lieu of any cash compensation due to such participant. The aggregate number of
shares of Stock issuable pursuant to this Section 9, when combined with the number of shares of
underlying unvested Stock Options accelerated pursuant to Section 2(b)(v) other than

9

 

by reason of, or in connection with, any death, disability, retirement, employment
termination, or Change of Control, is limited to ten percent (10%) of the maximum number of
shares of Stock reserved and available for issuance under the Plan pursuant to Section 3(a), as
amended.

     (b) Elections to Receive Unrestricted Stock in Lieu of Compensation. Upon the request
of a grantee and with the consent of the Administrator, each grantee may, pursuant to an advance
written election delivered to the Company no later than the date specified by the Administrator,
receive a portion of the cash compensation otherwise due to such grantee in the form of shares of
Unrestricted Stock (valued at Fair Market Value on the date or dates the cash compensation would
otherwise be paid) either currently or on a deferred basis.

     (c) Restrictions on Transfers. The right to receive shares of Unrestricted Stock on a
deferred basis may not be sold, assigned, transferred, pledged or otherwise encumbered, other than
by will or the laws of descent and distribution.

SECTION 10. PERFORMANCE SHARE AWARDS

     (a) Nature of Performance Share Awards. A Performance Share Award is an Award
entitling the recipient to acquire shares of Stock upon the attainment of specified performance
goals. The Administrator may make Performance Share Awards independent of or in connection with the
granting of any other Award under the Plan. The Administrator in its sole discretion shall
determine whether and to whom Performance Share Awards shall be made, the performance goals, the
periods during which performance is to be measured (which in the aggregate shall not be less than
one (1) year), and all other limitations and conditions.

     (b) Restrictions of Transfer. Performance Share Awards, and all rights with respect
to such Awards may not be sold, assigned, transferred, pledged or otherwise encumbered.

     (c) Rights as a Stockholder. A grantee receiving a Performance Share Award shall have
the rights of a stockholder only as to shares actually received by the grantee under the Plan and
not with respect to shares subject to the Award but not actually received by the grantee. A grantee
shall be entitled to receive a stock certificate evidencing the acquisition of shares of Stock
under a Performance Share Award only upon satisfaction of all conditions specified in the
Performance Share Award agreement (or in a performance plan adopted by the Administrator).

     (d) Termination. Except as may otherwise be provided by the Administrator either in
the Award agreement or, subject to Section 16 below, in writing after the Award agreement is
issued, a grantee’s rights in all Performance Share Awards shall automatically terminate upon the
grantee’s termination of employment (or cessation of service relationship) with the Company and its
Subsidiaries for any reason.

SECTION 11. PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES

     (a) Performance-Based Awards. A Performance-Based Award means any Restricted Stock
Award, Restricted Stock Units, or Performance Share Award granted to a Covered Employee that is
intended to qualify as “performance-based compensation” under Section 162(m) of the Code and any
regulations appurtenant thereto. Any employee or other key person providing services to the Company
and who is selected by the Administrator may be granted one or more Performance-Based Awards in the
form of a Restricted Stock Award, Restricted Stock Units or Performance Share Awards payable upon
the attainment of Performance Goals that are established by the Administrator and related to one or
more of the Performance Criteria, in each case on a specified date or dates or over any period or
periods determined by the Administrator. The Administrator shall define in an objective fashion the
manner of calculating the Performance Criteria it selects to use for any Performance Cycle.
Depending on the Performance Criteria used to establish such Performance Goals, the Performance
Goals may be expressed in terms of overall company performance or the performance of a division,
business unit, or an individual. The Administrator, in its discretion, may adjust or modify the
calculation of Performance Goals for such Performance Cycle in order to prevent the dilution or
enlargement of the rights of an individual (i) in the event of, or in anticipation of, any unusual
or extraordinary corporate item, transaction, event or development, (ii) in

10

 

recognition of, or in anticipation of, any other unusual or nonrecurring events affecting the
Company, or the financial statements of the Company, or (iii) in response to, or in anticipation
of, changes in applicable laws, regulations, accounting principles, or business conditions provided
however, that the Administrator may not exercise such discretion in a manner that would increase
the Performance-Based Award granted to a Covered Employee. Each Performance-Based Award shall
comply with the provisions set forth below.

     (b) Grant of Performance-Based Awards. With respect to each Performance-Based Award
granted to a Covered Employee, the Administrator shall select, within the first 90 days of a
Performance Cycle (or, if shorter, within the maximum period allowed under Section 162(m) of the
Code) the Performance Criteria for such grant, and the Performance Goals with respect to each
Performance Criterion (including a threshold level of performance below which no amount will become
payable with respect to such Award). Each Performance-Based Award will specify the amount payable,
or the formula for determining the amount payable, upon achievement of the various applicable
performance targets. The Performance Criteria established by the Administrator may be (but need not
be) different for each Performance Cycle and different Performance Goals may be applicable to
Performance-Based Awards to different Covered Employees.

     (c) Payment of Performance-Based Awards. Following the completion of a Performance
Cycle, the Administrator shall meet to review and certify in writing whether, and to what extent,
the Performance Goals for the Performance Cycle have been achieved and, if so, to also calculate
and certify in writing the amount of the Performance-Based Awards earned for the Performance Cycle.
The Administrator shall then determine the actual size of each Covered Employee’s Performance-Based
Award, and, in doing so, may reduce or eliminate the amount of the Performance-Based Award for a
Covered Employee if, in its sole judgment, such reduction or elimination is appropriate.

     (d) Maximum Award Payable. The maximum Performance-Based Award payable to any one
Covered Employee under the Plan for a Performance Cycle is 200,000 shares of Stock (subject to
adjustment as provided in Section 3(c) hereof).

SECTION 12. DIVIDEND EQUIVALENT RIGHTS

     (a) Dividend Equivalent Rights. A Dividend Equivalent Right is an Award entitling the
recipient to receive credits based on cash dividends that would be paid on the shares of Stock
specified in the Dividend Equivalent Right (or other award to which it relates) if such shares were
held by the recipient. A Dividend Equivalent Right may be granted hereunder to any participant, as
a component of another Award or as a freestanding award. The terms and conditions of Dividend
Equivalent Rights shall be specified in the grant. Dividend equivalents credited to the holder of a
Dividend Equivalent Right may be paid currently or may be deemed to be reinvested in additional
shares of Stock, which may thereafter accrue additional equivalents. Any such reinvestment shall be
at Fair Market Value on the date of reinvestment or such other price as may then apply under a
dividend reinvestment plan sponsored by the Company, if any. Dividend Equivalent Rights may be
settled in cash or shares of Stock or a combination thereof, in a single installment or
installments. A Dividend Equivalent Right granted as a component of another Award may provide that
such Dividend Equivalent Right shall be settled upon exercise, settlement, or payment of, or lapse
of restrictions on, such other award, and that such Dividend Equivalent Right shall expire or be
forfeited or annulled under the same conditions as such other award. A Dividend Equivalent Right
granted as a component of another Award may also contain terms and conditions different from such
other award.

     (b) Interest Equivalents. Any Award under this Plan that is settled in whole or in
part in cash on a deferred basis may provide in the grant for interest equivalents to be credited
with respect to such cash payment. Interest equivalents may be compounded and shall be paid upon
such terms and conditions as may be specified by the grant.

SECTION 13. TAX WITHHOLDING

     (a) Payment by Grantee. Each grantee shall, no later than the date as of which the
value of an Award or of any Stock or other amounts received thereunder first becomes taxable, pay
to the Company, or make arrangements satisfactory to the Administrator regarding payment of, any
Federal, state, local or foreign

11

 

taxes of any kind required by law to be withheld with respect to such income. The Company and
its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes
from any payment of any kind otherwise due to the grantee. The Company’s obligation to deliver
stock certificates to any grantee is subject to and conditioned on tax obligations being satisfied
by the grantee. The Company’s obligation to deliver stock certificates to any grantee is subject to
and is conditioned on tax obligations being satisfied by the grantee.

     (b) Payment in Stock. If provided in the instrument evidencing an Award, the Company
may elect to have the minimum required tax withholding obligation satisfied, in whole or in part,
by (i) withholding from shares of Stock to be issued pursuant to any Award a number of shares with
an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the
withholding amount due, or (ii) allowing a grantee to transfer to the Company shares of Stock owned
by the grantee with an aggregate Fair Market Value (as of the date the withholding is effected)
that would satisfy the withholding amount due.

SECTION 14. SECTION 409A AWARDS

     To the extent that any Award is determined to constitute “nonqualified deferred compensation”
within the meaning of Section 409A (a “409A Award”), the Award shall be subject to such additional
rules and requirements as specified by the Administrator from time to time in order to comply with
Section 409A. In this regard, if any amount under a 409A Award is payable upon a “separation from
service” (within the meaning of Section 409A) to a grantee who is then considered a “specified
employee” (within the meaning of Section 409A), then no such payment shall be made prior to the
date that is the earlier of (i) six months and one day after the grantee’s separation from service,
or (ii) the grantee’s death, but only to the extent such delay is necessary to prevent such payment
from being subject to interest, penalties and/or additional tax imposed pursuant to Section 409A.
Further, the settlement of any 409A Award may not be accelerated or postponed except to the extent
permitted by Section 409A.

SECTION 15. TRANSFER, LEAVE OF ABSENCE, ETC.

     For purposes of the Plan, the following events shall not be deemed a termination of
employment:

     (a) a transfer to the employment of the Company from a Subsidiary or from the Company to a
Subsidiary, or from one Subsidiary to another; or

     (b) an approved leave of absence for military service or sickness, or for any other purpose
approved by the Company, if the employee’s right to re-employment is guaranteed either by a
statute or by contract or under the policy pursuant to which the leave of absence was granted or
if the Administrator otherwise so provides in writing.

SECTION 16. AMENDMENTS AND TERMINATION

     Subject to requirements of law or any stock exchange or similar rules which would require a
vote of the Company’s shareholders, the Board may, at any time, amend or discontinue the Plan and
the Administrator may, at any time, amend or cancel any outstanding Award for the purpose of
satisfying changes in law or for any other lawful purpose, but no such action shall adversely
affect rights under any outstanding Award without the holder’s consent. If and to the extent
determined by the Administrator to be required by the Code to ensure that Incentive Stock Options
granted under the Plan are qualified under Section 422 of the Code or to ensure that compensation
earned under Awards qualifies as performance-based compensation under Section 162(m) of the Code,
if and to the extent intended to so qualify, Plan amendments shall be subject to approval by the
Company stockholders entitled to vote at a meeting of stockholders. Nothing in this Section 16
shall limit the Administrator’s authority to take any action permitted pursuant to Section 3(c).

12

 

SECTION 17. STATUS OF PLAN

     With respect to the portion of any Award that has not been exercised and any payments in cash,
Stock or other consideration not received by a grantee, a grantee shall have no rights greater than
those of a general creditor of the Company unless the Administrator shall otherwise expressly
determine in connection with any Award or Awards. In its sole discretion, the Administrator may
authorize the creation of trusts or other arrangements to meet the Company’s obligations to deliver
Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts
or other arrangements is consistent with the foregoing sentence.

SECTION 18. CHANGE OF CONTROL PROVISIONS

     Upon the occurrence of a Change of Control as defined in this Section 18:

     (a) Each outstanding Stock Option shall automatically become fully exercisable.

     (b) Except as otherwise provided in the applicable Award Agreement, conditions and
restrictions on each outstanding Restricted Stock Award, Restricted Stock Unit and Performance
Share Award will be removed.

     (c) “Change of Control” shall mean the occurrence of any one of the following events:

     (i) any “Person,” as such term is used in Sections 13(d) and 14(d) of the Act (other than
the Company, any of its Subsidiaries, or any trustee, fiduciary or other person or entity
holding securities under any employee benefit plan or trust of the Company or any of its
Subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in
Rule 12b-2 under the Exchange Act) of such person, shall become the “beneficial owner” (as
such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing in excess of 50% of either (A) the combined voting
power of the Company’s then outstanding securities having the right to vote in an election of
the Company’s Board of Directors (“Voting Securities”) or (B) the then outstanding shares of
Stock of the Company (in either such case other than as a result of an acquisition of
securities directly from the Company); or

     (ii) persons who, as of the Effective Date, constitute the Company’s Board of Directors
(the “Incumbent Directors”) cease for any reason, including, without limitation, as a result
of a tender offer, proxy contest, merger or similar transaction, to constitute at least a
majority of the Board, provided that any person becoming a director of the Company subsequent
to the Effective Date shall be considered an Incumbent Director if such person’s election was
approved by or such person was nominated for election by either (A) a vote of at least a
majority of the Incumbent Directors or (B) a vote of at least a majority of the Incumbent
Directors who are members of a nominating committee comprised, in the majority, of Incumbent
Directors; but provided further, that any such person whose initial assumption of office is in
connection with an actual or threatened election contest relating to the election of members
of the Board of Directors or other actual or threatened solicitation of proxies or consents by
or on behalf of a Person other than the Board, including by reason of agreement intended to
avoid or settle any such actual or threatened contest or solicitation, shall not be considered
an Incumbent Director; or

     (iii) the consummation of a consolidation, merger or consolidation or sale or other
disposition of all or substantially all of the assets of the Company (a “Corporate
Transaction”); excluding, however, a Corporate Transaction in which the stockholders of the
Company immediately prior to the Corporate Transaction, would, immediately after the Corporate
Transaction, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly
or indirectly, shares representing in the aggregate more than 80% of the voting shares of the
corporation issuing cash or securities in the Corporate Transaction (or of its ultimate parent
corporation, if any); or

13

 

     (iv) the approval by the stockholders of any plan or proposal for the liquidation or
dissolution of the Company.

     Notwithstanding the foregoing, a “Change of Control” shall not be deemed to have occurred for
purposes of the foregoing clause (i) solely as the result of an acquisition of securities by the
Company which, by reducing the number of shares of Voting Securities outstanding, increases the
proportionate number of shares of Voting Securities beneficially owned by any person in excess of
50% or more of the combined voting power of all then outstanding Voting Securities;
provided, however, that if any person referred to in this sentence shall thereafter
become the beneficial owner of any additional shares of Voting Securities (other than pursuant to a
stock split, stock dividend, or similar transaction or as a result of an acquisition of securities
directly from the Company) and immediately thereafter beneficially owns in excess of 50% of the
combined voting power of all then outstanding Voting Securities, then a “Change of Control” shall
be deemed to have occurred for purposes of the foregoing clause (i).

SECTION 19. GENERAL PROVISIONS

     (a) No Distribution; Compliance with Legal Requirements. The Administrator may
require each person acquiring Stock pursuant to an Award to represent to and agree with the Company
in writing that such person is acquiring the shares without a view to distribution thereof.

     No shares of Stock shall be issued pursuant to an Award until all applicable securities law
and other legal and stock exchange or similar requirements, whether located in the United States or
a foreign jurisdiction, have been satisfied. The Administrator may require the placing of such
stop-orders and restrictive legends on certificates for Stock and Awards as it deems appropriate.

     No Award under the Plan shall be a nonqualified deferred compensation plan, as defined in Code
Section 409A, unless such Award meets in form and in operation the requirements of Code Section
409A(a)(2),(3), and (4).

     (b) Delivery of Stock Certificates. Stock certificates to grantees under this Plan
shall be deemed delivered for all purposes when the Company or a stock transfer agent of the
Company shall have mailed such certificates in the United States mail, addressed to the grantee, at
the grantee’s last known address on file with the Company.

     (c) Other Compensation Arrangements; No Employment Rights. Nothing contained in this
Plan shall prevent the Board from adopting other or additional compensation arrangements, including
trusts, and such arrangements may be either generally applicable or applicable only in specific
cases. The adoption of this Plan and the grant of Awards do not confer upon any employee any right
to continued employment with the Company or any Subsidiary.

     (d) Trading Policy Restrictions. Option exercises and other Awards under the Plan
shall be subject to such company’s insider trading policy, as in effect from time to time.

     (e) Forfeiture of Awards under Sarbanes-Oxley Act. If the Company is required to
prepare an accounting restatement due to the material noncompliance of the Company, as a result of
misconduct, with any financial reporting requirement under the securities laws, then, to the extent
required by law, any grantee who is one of the individuals subject to automatic forfeiture under
Section 304 of the Sarbanes-Oxley Act of 2002 shall reimburse the Company for the amount of any
Award received by such individual under the Plan during the 12-month period following the first
public issuance or filing with the United States Securities and Exchange Commission, as the case
may be, of the financial document embodying such financial reporting requirement.

     (f) Loans to Grantees. The Company shall have the authority to make loans to grantees
of Awards hereunder (including to facilitate the purchase of shares) and shall further have the
authority to issue shares for promissory notes hereunder.

14

 

     (g) Designation of Beneficiary. At the discretion of the Administrator the instrument
evidencing an Award may permit the grantee to designate a beneficiary or beneficiaries to exercise
any Award or receive
any payment under any Award payable on or after the grantee’s death. Any such designation
shall be on a form provided for that purpose by the Administrator and shall not be effective until
received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if
the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee’s
estate.

SECTION 20. EFFECTIVE DATE OF PLAN

     This Plan shall become effective upon approval by the holders of a majority of the shares of
Stock of the Company present or represented and entitled to vote at a meeting of stockholders at
which a quorum is present or by written consent of the stockholders. Subject to such approval by
the stockholders, Stock Options and other Awards may be granted hereunder on and after adoption of
this Plan by the Board.

SECTION 21. GOVERNING LAW

     This Plan and all Awards and actions taken thereunder shall be governed by, and construed in
accordance with, the laws of the State of Delaware, applied without regard to conflict of law
principles.

15exv10w2

Exhibit 10.2

NON-QUALIFIED STOCK OPTION AGREEMENT

FOR NON-EMPLOYEE DIRECTORS

UNDER THE

ALERE INC.

2010 STOCK OPTION AND INCENTIVE PLAN

	 	 	 

	Name of Optionee:

	 	                                        
	Number of Option Shares:

	 	                                        
	Option Exercise Price Per Share:

	 	                                        
	Grant Date:

	 	                                        
	Expiration Date:

	 	                                        

     Pursuant to the Alere Inc. 2010 Stock Option and Incentive Plan (the “Plan”) as amended
through the date hereof, Alere Inc.. (the “Company”) hereby grants to the Optionee named above, who
is a member of the Board of Directors of the Company (a “Director”) but is not an employee of the
Company, an option (the “Stock Option”) to purchase, on or prior to the Expiration Date specified
above, all or part of the number of Option Shares of Common Stock, par value $0.001 per share (the
“Stock”) of the Company specified above at the Option Exercise Price per Share specified above
subject to the terms and conditions set forth herein and in the Plan.

     1. Exercisability Schedule. No portion of this Stock Option may be exercised until
such portion shall have become exercisable. Except as set forth below, and subject to the
discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the
exercisability schedule hereunder, this Stock Option shall become exercisable with respect to the
following number of Option Shares on the dates indicated, so long as the Optionee remains a
Director of the Company:

	 	 	 	 	 	 	 	 	 
	 	 	Number of	 	Total Number of
	Exercisability	 	Option Shares First	 	Option Shares
	Date	 	Becoming Exercisable	 	Exercisable
	                    
	 	 	                     (___	%)	 	 	                     (___	%)
	                    
	 	 	                     (___	%)	 	 	                     (___	%)
	                    
	 	 	                     (___	%)	 	 	                      (100	%)

     In the event of the termination of the Optionee’s service as a Director because of death, this
Stock Option shall become immediately exercisable in full, whether or not otherwise exercisable at
such time. Once exercisable, this Stock Option shall continue to be exercisable at

1

 

any time or times prior to the close of business on the Expiration Date, subject to the
provisions hereof and of the Plan.

     2. Manner of Exercise.

          (a) The Optionee may exercise this Option only in the following manner: from time to time on
or prior to the Expiration Date of this Option, the Optionee may give written notice to the
Administrator of his or her election to purchase some or all of the Option Shares purchasable at
the time of such notice. This notice shall specify the number of Option Shares to be purchased.

     Payment of the purchase price for the Option Shares may be made by one or more of the
following methods: (i) in cash, by certified or bank check or other instrument acceptable to the
Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that
have been purchased by the Optionee on the open market or that have been beneficially owned by the
Optionee for at least six months and are not then subject to restrictions under any Company plan;
(iii) by the Optionee delivering to the Company a properly executed exercise notice together with
irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and
acceptable to the Company to pay the option purchase price, provided that in the event the Optionee
chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply
with such procedures and enter into such agreements of indemnity and other agreements as the
Administrator shall prescribe as a condition of such payment procedure; or (iv) a combination of
(i), (ii) and (iii) above. Payment instruments will be received subject to collection.

     The delivery of certificates representing the Option Shares will be contingent upon the
Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and
any agreement, statement or other evidence that the Company may require to satisfy itself that the
issuance of Stock to be purchased pursuant to the exercise of Options under the Plan and any
subsequent resale of the shares of Stock will be in compliance with applicable laws and
regulations. In the event the Optionee chooses to pay the purchase price by previously-owned
shares of Stock through the attestation method, the number of shares of Stock transferred to the
Optionee upon the exercise of the Option shall be net of the Shares attested to.

          (b) Certificates for shares of Stock purchased upon exercise of this Stock Option shall be
issued and delivered to the Optionee upon compliance to the satisfaction of the Administrator with
all requirements under applicable laws or regulations in connection with such issuance and with the
requirements hereof and of the Plan. The determination of the Administrator as to such compliance
shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of,
or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock
Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof,
the Company shall have issued and delivered the shares to the Optionee, and the Optionee’s name
shall have been entered as the stockholder of record on the books of the Company. Thereupon, the
Optionee shall have full voting, dividend and other ownership rights with respect to such shares of
Stock.

 

 

          (c) The minimum number of shares with respect to which this Stock Option may be exercised at
any one time shall be 10 shares, unless the number of shares with respect to which this Stock
Option is being exercised is the total number of shares subject to exercise under this Stock Option
at the time.

          (d) Notwithstanding any other provision hereof or of the Plan, no portion of this Stock Option
shall be exercisable after the Expiration Date hereof.

     3. Termination of Service to the Company. If the Optionee ceases to provide services
to the Company as a Director or an employee, the period within which to exercise the Stock Option
may be subject to earlier termination as set forth below.

          (a) Termination For Cause. If the Optionee ceases to be a Director or employee for
Cause, any Stock Option held by the Optionee shall immediately terminate and be of no further force
and effect. For purposes hereof, “Cause” shall mean: (i) any material breach by the Optionee of
any agreement between the Optionee and the Company; (ii) the conviction of or plea of nolo
contendere by the Optionee to a felony or a crime involving moral turpitude; or (iii) any material
misconduct or willful and deliberate non-performance (other than by reason of disability) by the
Optionee of the Optionee’s duties to the Company.

          (b) Termination by Reason of Death. If the Optionee ceases to be a Director or
employee by reason of death, any Stock Option granted to the Optionee as a Director and held by the
Optionee at the date of death may be exercised by his or her legal representative or legatee for a
period of twelve months from the date of death or until the Expiration Date, if earlier.

          (c) Other Termination. If the Optionee ceases to be a Director or employee for any
reason other than Cause or death, any Stock Option granted to the Optionee as a Director and held
by the Optionee on the date of termination or service may be exercised for a period of six months
from the date of termination or until the Expiration Date, if earlier; provided that if the
Optionee ceases to be a Director or employee by reason of voluntary retirement (as determined by
the Administrator) after the age of 58 then Options exercisable on the date of termination be
exercised for a period of twelve months from the date of termination or until the Expiration Date,
if earlier.

     4. Incorporation of Plan. Notwithstanding anything herein to the contrary, this Stock
Option shall be subject to and governed by all the terms and conditions of the Plan. Capitalized
terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is
specified herein.

     5. Transferability. This Agreement is personal to the Optionee, is non-assignable and
is not transferable in any manner, by operation of law or otherwise, other than by will or the laws
of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime,
only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.
Notwithstanding the foregoing, to the extent that any portion of this Stock Option exceeds the
$100,000 limitation described in Section 422(d) of the Internal Revenue Code of 1986, as amended
(the “Code”), such portion shall be deemed a non-qualified Stock Option and may be transferred,
upon approval of the Administrator following submission of a petition for

 

 

such transfer from the Optionee to the Administrator and the written agreement of the proposed
transferee to be bound by the terms of the Plan and this Agreement, to the Optionee’s spouse,
children (natural or adopted) or stepchildren, a trust for the sole benefit of one or more such
family members of which the Optionee is the settlor, or a family limited partnership or family
limited liability company of which the limited partners or members, as the case may be, consist
solely of one or more such family members.

     6. Miscellaneous.

          (a) Notice hereunder shall be given to the Company at its principal place of business, and
shall be given to the Optionee at the address set forth below, or in either case at such other
address as one party may subsequently furnish to the other party in writing.

          (b) This Stock Option does not confer upon the Optionee any rights with respect to continuance
of employment by the Company or any Subsidiary.

—Signature page follows—

 

 

	 	 	 	 	 
	 	For: ALERE INC.

 	 
	 	By:  	 	 
	 	 	Title:  Treasurer 	 
	 	 	 	 
	 

The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by
the undersigned.

	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 
	 

	 	 

	 	 

Optionee’s Signature
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Optionee’s name and address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]