Document:

EX-10.1

Exhibit 10.1

Summary of Compensatory Plans and Arrangements Adopted February 8, 2006

On February 8, 2006, the Compensation Committee of the Board of Directors of Juniper Networks,
Inc. (the “Company”) met and (i) adopted the Company’s 2006 Bonus Incentive Plan for Executive
Officers (the “Plan”); (ii) approved a restricted stock unit program for Executive Officers; and
(iii) approved certain bonus payments to 2005 executive officers under the 2005 executive officer
bonus plan.

(i) 2006 Executive Officer Bonus Plan. The participants in the Plan are divided into two
categories as follows:

	 	 	 
	Corporate Participants

	 	Title
	 

	 	 
	 
	 	 
	Scott Kriens

	 	Chairman and CEO
	 
	 	 
	Robert R.B. Dykes

	 	Chief Financial Officer and Executive Vice President, Business Operations
	 
	 	 
	Edward Minshull

	 	Executive Vice President, Field Operations
	 
	 	 
	Pradeep Sindhu

	 	Vice Chairman and Chief Technology Officer
	 
	 	 
	Business Team Participants

	 	Title
	 

	 	 
	 
	 	 
	Kim Perdikou

	 	Vice President and Acting General Manager, Infrastructure Products Group
	 
	 	 
	Robert Sturgeon

	 	Executive Vice President and General Manager, Security Products Group

The payment of bonuses under the Plan for corporate participants is based on performance against
six month Company revenue and non-GAAP operating income targets. The payment of bonuses under the
Plan for business team participants is based on performance against six month Company revenue
targets and business team revenue and contribution margin targets. Corporate participant bonuses
are based 100% on overall Company performance. Business team participant bonuses are based 50% on
overall Company performance and 50% on the performance of their respective business team. Payments
under the plan are calculated and paid after each six month measurement period.

The target bonus of Mr. Kriens is 150% of base salary. The target bonus for each other participant
is 100% of base salary.

For each of the participants, a specified minimum achievement against all target metrics is
required for any payment of bonuses. Overachievement of the target metrics can result in payment of
bonuses in excess of the target bonus (up to a maximum of 200% of target bonus).

The final bonus for each participant, calculated as described above, is subject to adjustment based
upon the company’s revenue performance compared to industry peers and individually set performance
goals.

(ii) Restricted Stock Unit Program. The Compensation Committee approved a restricted stock
performance program pursuant to which Executive Officers will be awarded a number of restricted
stock units based on the achievement of earnings per share objectives for 2006. Depending on the
performance against the objectives, participants could be granted restricted stock units for as
much as 150% of the target number of restricted stock units or as few as 25% of the target number
of restricted stock units. Once the restricted stock units are granted they will vest over a
multiple year period following the grant date. The target number of restricted stock units for the
executive officers is as follows: 100,000 for Mr. Kriens; 50,000 for Mr. Minshull; 33,000 for each
of Mr. Dykes, Mr. Sindhu and Mr. Sturgeon; and 25,000 for Ms. Perdikou.

iii) 2005 Bonus Payments. The Compensation Committee also authorized payments to 2005
executive officers under the Company’s 2005 executive officer bonus plan as follows:

	 	 	 	 	 	 	 	 	 
	Executive Officer
	 	Title
	 	Total 2005 Bonus Payment

	Scott Kriens
	 	Chairman and CEO
	 	$	733,875	 
	Robert R.B. Dykes
	 	Chief Financial Officer and
	 	$	420,000	 
	 
	 	Executive Vice President
	 	 	 	 
	 
	 	Business Operations
	 	 	 	 
	James A. Dolce
	 	Executive Vice President,
	 	$	312,000	 
	 
	 	Field Operations
	 	 	 	 
	Pradeep Sindhu
	 	Vice Chairman and Chief
	 	$	222,750	 
	 
	 	Technical Officer
	 	 	 	 
	Robert Sturgeon
	 	Executive Vice President
	 	$	94,417	 
	 
	 	and General Manager,
	 	 	 	 
	 
	 	Security Products GroupEX-10.1

DEFERRED COMPENSATION PLAN DOCUMENT

February 8, 2006

1

ARTICLE 1. INTRODUCTION

Charles River Laboratories hereby establishes the Charles River Laboratories Deferred
Compensation Plan effective as of January 1, 2006. The Company has established the Plan to attract,
retain and motivate certain of its key employees, as well as those of its subsidiaries and
affiliates, by providing them with the opportunity to defer receipt of compensation and achieve
resulting tax efficiencies. The Plan is intended to be “a plan which is unfunded and is maintained
by an employer primarily for the purpose of providing deferred compensation for a select group of
management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3),
401(a)(1) of ERISA and is also intended to be compliant with the requirements of Section 409A of
the Code. The Plan shall be administered in a manner consistent with those intents.

ARTICLE 2. DEFINITIONS

As used herein, the masculine pronoun shall include the feminine, and the singular shall
include the plural, and the plural, the singular, and the following terms shall have the following
meanings unless a different meaning is clearly required by the context.

“Account” means a Plan account for a Participant established pursuant to Section 7.1, which
may pass to a Beneficiary pursuant to Article 9. Each Participant may have more than one Account.

“Annual Interest Equivalent Factor” means the annual interest rate, declared annually by the
Company, applied to Deferrals allocated to the fixed rate fund in accordance with Article 6.

“Annual Employer Contribution” means an amount for each Schedule B Participant equal to 10% of
the sum of such Participant’s (i) base salary plus (ii) target annual bonus or, if lower, actual
bonus, in each case in respect of the applicable year.

“Annual Schedule A Incremental Amount” for any year shall be an amount for each Schedule A
Participant equal to the amount by which the Company would have been required to increase its
actuarial liability (vested Projected Benefit Obligation) on its balance sheet for such year in
respect of such Participant’s ESLIRP benefit, determined in accordance with GAAP as if the
retirement income portion of the ESLIRP were still in existence. Such calculation shall be
determined using the actuarial assumptions specified by Section 417(e)(3)(A) of the Code, and in
the case of the interest rate specified under subparagraph (ii)(II) of such section, using such
rate established for the month of November of the year preceding the year to which the liability
increase and contribution relate.

“Beneficiary” means a beneficiary designated in accordance with Article 9.

“Bonus Plan” means the annual incentive program used to determine the bonus amounts payable to
executives of the Company.

“Change of Control” means any one of the following: (i) the closing of the sale of all or
substantially all of the Company’s assets as an entirety to any person or related group of persons;
(ii) the merger or consolidation of the Company with or into another corporation or the merger or
consolidation of another corporation with or into the Company or a subsidiary of the Company, in
either case with the effect that immediately after such transaction the outstanding voting
securities of the Company immediately prior to such transaction represent less than a majority in
interest of the total voting power of the outstanding voting securities of the entity surviving
such merger or consolidation; or (iii) the closing of a transaction pursuant to which beneficial
ownership of more than 50% of the Company’s outstanding Common Stock (assuming the issuance of
Common Stock upon conversion or exercise of all then exercisable conversion or purchase rights of
holders of outstanding convertible securities, options, warrants, exchange rights and other rights
to acquire Common Stock) is transferred to a single person or entity, or a “group” (within the
meaning of Rule l3d-5(b)(l) under the Securities Exchange Act of 1934) of persons or entities, in a
single transaction or a series or related transactions. It shall be treated as a Change in Control
hereunder if any of the events described in clauses (i), (ii) or (iii) occur to Charles River
Laboratories Inc., or to International, or to any other company directly or indirectly controlling
either Company at the time of any such transaction.

“Code” means the Internal Revenue Code of 1986, as amended.

“Committee” means the Investment Committee, or any successor committee, of the Company.

“Company” means International and Charles River Laboratories, Inc., a Delaware corporation and
a wholly owned subsidiary of International, unless otherwise specifically stated or required by
context.

“Deferrals” means compensation credited to a Participant’s Account during a calendar year as a
result of a Participant’s elections pursuant to Section 5.2, plus Company contributions pursuant to
Section 5.3, if any, plus, except where the context otherwise requires, amounts attributable (i.e.,
credited notional interest) to amounts previously deferred.

“Distribution Date” is defined in Section 8.2.

“ERISA” means the Employee Retirement Income Security Act of 1974.

“ESLIRP” means the Executive Supplemental Life Insurance and Retirement Income Plan
established in 1973 and from time to time amended.

“401(k) Savings Plan” means the qualified 401(k) savings plan offered by the Company to
employees meeting the proper age and service requirements.

“Initial ESLIRP Conversion Amount” means, for each Schedule A Participant, the amount
determined by the Company to be the value of the Participant’s ESLIRP accrued benefit as of the end
of the year prior to the year in which such Participant’s participation in the Plan commenced.

“International” means Charles River Laboratories International, Inc., a Delaware corporation.

“Measurement Funds” means the funds selected by the Committee to be used as the measure of
investment return on an Account, or portion thereof, when elected by a Participant in accordance
with Article 6. The fixed rate fund shall be considered a Measurement Fund for purposes hereof
unless specifically otherwise required by context.

“Participant” means an executive who becomes eligible to participate in the Plan and who
elects to participate in the Plan or is designated to receive Annual Employer Contributions, in
accordance with Article 4.

“Plan” means the Charles River Laboratories Deferred Compensation Plan as set forth herein and
in all subsequent amendments hereto.

“Pre-retirement Account” means an Account the distribution schedule for which is established
by the Participant under Section 8.2 at the time such Account is opened.

“Retirement Account” means an Account the distribution schedule for which is established by
the Participant under Section 8.1(a)(1) or 8.1(a)(2) at the time such Account is opened.

“Schedule A Participant” means each Participant designated by the Company from time to time as
a Schedule A Participant.

“Schedule B Participant” means each Participant designated by the Company from time to time as
a Schedule B Participant.

“Trust” means any trust established under any Trust Agreement.

“Trust Agreement” means one or more of the trust agreement(s) entered into by the Company, if
any, to hold assets to be used to defray the Company’s expenses of operating the Plan.

	 	 	 
	“Trustee” means a Trustee of any Trust.

	 
	 	 
	ARTICLE 3.

	 	ADMINISTRATION

3.1 Committee. The Plan shall be administered by the Committee. The Committee shall
have full discretionary authority to interpret the provisions of the Plan and decide all questions
and settle all disputes which may arise in connection with the Plan, and may establish its own
operative and administrative rules and procedures in connection therewith, provided that any such
procedures relating to claims are consistent with the requirements of section 503 of ERISA and the
regulations thereunder. All interpretations, decisions and determinations made by the Committee
shall be binding on all persons concerned. No member of the Committee who is a Participant in the
Plan may vote or otherwise participate in any decision or act with respect to a matter relating
solely to himself (or to his Beneficiaries).

3.2 Delegation by Committee. Except as the Committee may otherwise provide by written
resolution, the Committee’s duties and responsibilities under Section 3 (except for the duty to
establish eligibility criteria under Article 4) shall be delegated to the Vice President, Human
Resources, who may further delegate certain of such duties and responsibilities to other members of
management of the Company. For purposes of the Plan, any action taken by any such delegate pursuant
to such delegation shall be considered to have been taken by the Committee.

3.3 Indemnification. The Company agrees to indemnify and to defend to the fullest
possible extent permitted by law any member of the Committee and any delegate (including any person
who formerly served as a member of the Committee or as a delegate) against all liabilities,
damages, costs and expenses (including attorneys’ fees and amounts paid in settlement of any claims
approved by the Company) occasioned by any act or omission to act in connection with the Plan, if
such act or omission is in good faith.

ARTICLE 4. SELECTION OF PARTICIPANTS

The Committee shall select, or shall establish the applicable criteria for determining, the
employees of the Company or its subsidiaries or affiliates who are eligible to participate in the
Plan. When an executive has been selected to participate in the Plan, he will be notified by the
Committee and given the opportunity to elect to defer compensation under the Plan. An executive who
makes such an election and/or is designated as eligible to receive contributions pursuant to
Section 5.3 is hereinafter referred to as a “Participant.”

ARTICLE 5. DEFERRAL OF COMPENSATION

5.1 Deferral Opportunity. From time to time the Committee shall establish the extent
to which (if any) base salary or bonuses under one or more incentive bonus programs may be deferred
under the Plan. Unless otherwise provided by the Committee, the following table identifies the
types of compensation permitted to be deferred under the Plan with corresponding maximum deferral
percentages:

	 	 	 	 	 
	Types of Compensation
(Net of Employment Taxes)
	 	Maximum Deferral

	Annual Salary
	 	 	50	%
	Annual Bonus
	 	 	100	%
	“Sign-on” Bonus
	 	 	100	%

Deferral elections shall apply in all cases to compensation amounts after reduction thereof
for any applicable employment and withholding taxes.

5.2 Deferral Elections. For each calendar year, a Participant may irrevocably elect,
in accordance with this Article and Article 8, to defer receipt of all or part of the compensation
designated pursuant to Section 5.1; provided, however, that unless specifically permitted by the
Committee, such deferred amount may not in aggregate be less than $5,000 for any year. A
Participant’s election to defer base salary payable in respect of services provided in any calendar
year must be made on or before December 15 of the previous calendar year. A Participant’s election
to defer an incentive award must be made prior to the time the amount of the award is determined
under the applicable incentive award program and, in any event, prior to six months from the date
the performance period ends. A Participant’s election to defer a “sign-on” bonus must be made at
the time the amount of the award is determined under the applicable program and, in any event,
prior to commencement of employment. In the case of a Participant who becomes employed and
eligible for the Plan during the same calendar year, the elections described in this Article with
respect to compensation for services after the date of election (other than the election relating
to “sign-on” bonus) may be made no later than 30 days following the Participant’s first day of
eligibility. Notwithstanding any provision of this paragraph, deferrals under the Plan shall
comply with the requirements of Section 409A as to timing of election, and need not exceed such
requirements of Section 409A.

5.3 Company Contributions.(a) (a) The Committee may from time to time designate any
individual then participating in the ESLIRP as a Schedule A Participant. For each such Schedule A
Participant, the Company will contribute to an Account established or designated by such
Participant an amount equal to such Participant’s Initial ESLIRP Conversion Amount.

(b) For each Schedule A Participant, the Company shall contribute to an Account established or
designated by such Participant in respect of each full year such Participant remains employed by
the Company following such Participant’s designation as a Schedule A Participant, an amount equal
to the Annual Schedule A Incremental Amount. The company shall make the contribution annually, no
later than March 31st. The contribution will be retroactively credited to the
Participant’s Account as if it had been deposited on January 1st of the contribution
year. From January 1st through the business day immediately preceding the actual
contribution date, such contribution shall be credited on a daily basis based on the fixed rate
fund. Thereafter, such contribution shall be credited or debited in accordance with Section 6.3.

(c) The Committee may from time to time designate a Participant as a Schedule B Participant.
For each such Schedule B Participant, in respect of each full year such Participant remains
employed by the Company following such Participant’s designation as a Schedule B Participant, the
Company shall contribute to an Account established or designated by such Participant the Annual
Employer Contribution. Each Annual Employer Contribution shall become vested and nonforfeitable in
four equal installments on December 31 (the “Vesting Date”) of each of the four years following the
year in respect of which the Annual Employer Contribution was made, provided that the Participant
remains employed by the Company on the applicable Vesting Date. All of a Participant’s Annual
Employer Contributions will vest and become nonforfeitable upon (i) a Change in Control, (ii) the
Participant’s death or disability, or (iii) the attainment by such Participant of age 60 following
continuous employment by the Company until such time. The company shall make the contribution
annually, no later than March 31st. The contribution will be retroactively credited to
the Participant’s Account as if it had been deposited on January 1st of the contribution
year. From January 1st through the business day immediately preceding the actual
contribution date, such contribution shall be credited on a daily basis based on the fixed rate
fund. Thereafter, such contribution shall be credited or debited in accordance with Section
6.3. 

5.4 Pre-Retirement Life Insurance Benefit. Executives named in both Schedule A and
Schedule B, if any, are eligible to receive a pre-retirement life insurance death benefit equal to
base annual salary plus target bonus times four (4) less $50,000 of group coverage.

5.5 Change in Control.(a) (a) In the event that a Schedule A Participant becomes
eligible to receive Severance Payments under such Participant’s Change in Control Agreement, as
defined below, if any, the Company will be obligated to make an additional contribution to an
Account established or designated by such Participant in accordance with this section.

(b) Such additional contribution shall be equal to (i) the payment that would have been made
under Section 6.4 of the Change in Control Agreement had the Plan not been implemented, minus (ii)
the amount that would have constituted the Participant’s accrued benefit under the ESLIRP as of the
Date of Termination without regard to the additional benefit provided under clauses (ii) and (iii)
of such Section 6.4 of the Change in Control Agreement, in the case of both clause (i) and clause
(ii) above assuming that the ESLIRP had continued in effect through the Date of Termination.

(c) Such additional contribution shall be made promptly following, but not more than 15 days
after, the Date of Termination, and shall be allocated to one or more Measurement Funds, in
accordance with the Schedule A Participant’s then effective elections.

(d) Capitalized terms used in this Section 5.5, when applied to a Participant, shall have the
meanings assigned to them in the Agreement (or the Amended and Restated Agreement, as applicable)
between such Participant and the Company (the “Change in Control Agreement”), if any.

ARTICLE 6. INTEREST EQUIVALENT FACTOR & MEASUREMENT FUNDS

6.1 (a) Measurement Funds. The Participant may allocate his or her Deferrals to, or
notionally “invest” them in, one or more Measurement Funds. The Committee may, in its sole
discretion, discontinue, substitute, add or delete a Measurement Fund at any time.

(b) Annual Interest Equivalent Factor. The Committee shall determine the annual
interest equivalent factor that will apply to Deferrals allocated to the fixed rate fund. The
Committee may determine different interest equivalent factors for Deferrals made in different
calendar years, and except as otherwise provided herein, the Committee may change each year the
interest equivalent factor applicable to the fixed rate fund for future periods.

6.2 Upon Change of Control. Following a Change in Control, the annual interest
equivalent factors applied to Deferrals of a Participant shall not be less than the annual interest
equivalent factors applicable to Deferrals of the Participant immediately prior to the Change of
Control. Further, to the extent feasible, any Measurement Funds in existence prior to a Change in
Control shall continue to be available after a Change in Control, until distribution of Accounts in
accordance with Section 8.8.

6.3 Crediting/Debiting of Account Balances. In accordance with, and subject to, the
rules and procedures that are established from time to time by the Committee, in its sole
discretion, amounts shall be credited or debited to the balance of any Account of a Participant in
accordance with the following rules:

(a) Allocation to Measurement Funds. In connection with each deferral election in accordance
with Section 5.2 above and each Company Contribution in accordance with Schedule 5.3 above, each
Participant shall allocate deferred amounts in all Accounts to one or more Measurement Fund(s) (as
described below) to be used to determine the additional amounts to be credited or debited to such
Account balance (the notional “investment return”) for each period in which the Participant remains
in active participation in the Plan. On a quarterly basis, in accordance with procedures
established from time to time by the Committee, the Participant may (but is not required to)
reallocate any portion of his Account balance(s) to one or more other Measurement Funds. Any
reallocation made in accordance with the previous sentence shall apply to the next calendar quarter
and continue thereafter for each subsequent calendar quarter in which the Participant participates
in the Plan, unless changed in accordance with the previous sentence.

(b) Allocation Amounts. Allocations to any Measurement Fund shall be made in increments of
five percentage points (i.e., 5%) of the Account balance.

(c) Crediting or Debiting Method. The performance of each elected Measurement Fund (either
positive or negative) will be determined by the Committee, in its sole discretion, based on the
published performance of the reference fund. A Participant’s Account balance(s) shall be credited
or debited on a daily basis based on the performance of each Measurement Fund selected by the
Participant, as though (i) for any quarter with respect to which a Participant has elected to
reallocate his or her Account balances, a Participant’s Account balance(s) were invested in the
Measurement Fund(s) selected by the Participant, in the percentages in effect for such calendar
quarter, as of the close of business on the first business day of such calendar quarter, at the
closing price on such date; (ii) the portion of the Account balance(s) that was actually deferred
or contributed during any calendar quarter were invested in the Measurement Fund(s) selected by the
Participant, in the percentages in effect for such calendar quarter, no later than the close of
business on the third business day after the day on which such amounts are actually deferred from
the Participant’s compensation through reductions in his or her payroll, or otherwise contributed,
at the closing price on such date; and (iii) any distribution made to a Participant that decreases
the balance of any Account of such Participant ceased being invested in the Measurement Fund(s) no
earlier than three business days prior to the distribution, at the closing price on such date. Any
contribution to which a Participant is entitled under Section 5.3(b) or (c) shall be credited to an
Account established or designated by such Participant as of the close of business on the first
business day of the calendar year following the year to which it relates. Any contribution to
which a Participant is entitled under Section 5.3(a) shall be credited to an Account established or
designated by such Participant as promptly as practicable following such contribution. If
necessary, any such amount shall be credited with earnings determined by applying the Annual
Interest Equivalent Factor from such date until it is possible to apply the Measurement Funds
selected by the Participant or, if applicable, until such requirements as may reasonably be imposed
by the Company have been satisfied.

(d) No Actual Investment. Notwithstanding any other provision of this Plan that may be
interpreted to the contrary, the Measurement Funds are to be used for reference purposes only, and
a Participant’s allocation of his or her Account balance(s) to any such Measurement Fund, the
calculation of additional amounts and the crediting or debiting of such amounts to a Participant’s
Account balance(s) shall not be considered or construed in any manner as an actual investment of
his or her Account balance(s) in any such Measurement Fund or any underlying reference portfolio.
In the event that the Company or any Trustee in its discretion determines to invest funds in any of
the Measurement Funds or underlying reference portfolios, or determines to invest in any other
assets, no Participant shall have any rights in or to such investments. Without limiting the
generality of the foregoing, a Participant’s Account balance(s) shall at all times be a bookkeeping
entry only and shall not represent any investment made on his behalf by the Company or any Trust;
the Participant shall at all times remain an unsecured creditor of the Company.

ARTICLE 7. PARTICIPANT ACCOUNTS

7.1 Establishment of Accounts. Each Participant shall establish, at the time of his or
her initial participation in the Plan, one or more Accounts reflecting the amounts due the
Participant under the Plan and the Committee shall cause the Company to establish on its books such
Accounts reflecting the Company’s obligation to pay Participants the amounts due under the Plan.

7.2 Adjustments to Accounts. From time to time the Committee shall adjust each Account
of each Participant to credit (i) amounts which the Participant has elected to defer under Article
5 and direct to such Account, (ii) amounts contributed to the Plan for the benefit of a Participant
pursuant to Section 5.3 and directed by such Participant to such Account, and (iii) amounts based
on the annual interest equivalent factors for the fixed rate fund and / or gains or losses based on
the applicable allocations in the Measurement Funds, determined under Article 6. Participants’
Account(s) shall also be adjusted to reflect benefit payments and withdrawals under Article 8 and
shall continue to be adjusted under this Article 7 until the entire amount credited to the
respective Account has been paid to the Participant or his Beneficiary.

	 	 	 
	ARTICLE 8.

8.1

	 	DISTRIBUTION OF BENEFITS

Retirement Accounts.
	
 
	 	 

(a) At the time a Participant elects to defer or a contribution under Section 5.3 is made to
the Plan for his or her benefit, the Participant shall direct the Deferral to a Retirement Account
and/or a Pre-retirement Account and shall establish the distribution schedule for such Account if
such schedule has not previously been established. If the Participant chooses to establish a
Retirement Account, the distribution schedule for such Account can be either:

(1) A lump sum:

	 	(i)	 	upon termination of employment (including termination due to
retirement); or

	 	(ii)	 	at a specified time following termination of employment,
subject to subsection (b) below.

(2) In up to 20 consecutive annual installments, commencing:

	 	(i)	 	immediately upon termination of employment; or

	 	(ii)	 	at a specified time following termination of employment,
subject to subsection (b) below.

(b) Notwithstanding any election made pursuant to subsection (1)(ii) or (2) above, (x) no
election to defer the distribution of any portion of an Account beyond the year of termination of
employment will be honored if the Participant has not attained age 55 at the time of termination of
employment and (y) all amounts will be distributed in a lump sum immediately following his
termination of employment. For the avoidance of doubt, if a Participant terminates employment
prior to attaining age 55, all of such Participant’s Account(s) will be distributed in lump sum
promptly following such termination.

(c) Notwithstanding any election made pursuant to Section 8.1(a), in the event a Participant’s
Retirement Account is equal to or less than $25,000 as of the date of termination of employment,
the Participant’s Retirement Account shall be fully distributed in a lump sum as soon as
administratively feasible following termination of employment.

8.2 Pre-retirement Accounts.(a) (a) If at the time of a deferral election in
accordance with Section 5 the Participant chooses to establish a Pre-retirement Account, the
Participant shall designate the date or dates on which amounts contained in such Account shall be
distributed. If multiple distribution dates are designated for a single Account, (i) such dates
must be the same date in consecutive years, and (ii), the portion of the Account distributed on
such date shall be a fraction which is the reciprocal of the number of distribution dates remaining
at the time of any such distribution. For example, if three dates are selected, 1/3 of the Account
shall be distributed on the first such date, 1/2 of the Account on the second such date, and the
entire remaining Account on the last date. Each Pre-retirement Account may have only one
distribution schedule, and once established, such schedule may be changed only in accordance with
Section 8.6.

(b) A Participant must be employed at the time such Pre-retirement election(s) are scheduled
to commence. If a Participant terminates employment prior to commencement of any elected
Pre-retirement distribution(s), at any age, that Account(s) will be distributed in a lump sum upon
termination. Pre-retirement payments will continue as elected if a Participant terminates
employment after a Pre-retirement distribution commences.

(c) The first distribution date selected for a Pre-retirement Account must be not earlier than
three years after the date such amounts would have been paid to the Participant had no Deferral
thereof been made.

(d) Payments and distributions shall be made on or as promptly as practicable after the
respective date(s) designated by the Participant pursuant to this Section 8.2.

8.3 Financial Hardship Distribution. In the event a Participant suffers an
unanticipated emergency due to circumstances beyond his control that results in a financial
hardship, the Participant may request a distribution of all or any part of any Account. The
Committee shall determine whether such a financial hardship exists and what amount, if any, may be
distributed. In no event shall the aggregate amount of the distribution exceed either the value of
the Participant’s Account(s) or the amount determined by the Committee to be necessary to alleviate
the Participant’s financial hardship (which hardship amount may include taxes owed because of such
distribution) and that is not reasonably available from other resources of the Participant.

8.4 Disability. For purposes of the Plan, a Participant who ceases active employment
because of a disability is considered to remain active under the Plan. For purposes of this
Section, disability would include receiving benefits under the Company’s Long-Term Disability Plan,
or being eligible to do so, whether or not the Participant actually participated in the Company’s
Long-Term Disability Plan. Participants who are considered disabled under this definition will be
given the opportunity to continue to defer their Account(s) or to begin receiving distributions.

8.5 Tax Withholding. To the extent required by applicable law, Federal, State, and
other taxes shall be withheld from any distribution.

8.6 Changes to Distribution Schedules. A Participant who has elected to receive payment at
a time and in a form described in this Section 8 may change such election at any time up to 12
months prior to the date on which the payment was originally scheduled to be made or to commence.
Notwithstanding the foregoing, any election to change distribution dates cannot result in an
acceleration of benefit payments and any further deferral must be for a period of not less than 5
years after the initially elected distribution date, in compliance with applicable requirements of
Section 409A of the Code. A changed election made within 12 months of the date payment was
originally scheduled to be made or to commence is not valid and has no effect.

8.7 Compliance with Section 409A. If the implementation of any of the foregoing
provisions of the Plan would subject the Participant to taxes or penalties under Section 409A of
the Code, the implementation of such provision shall be modified to avoid such taxes and penalties
to the maximum extent possible while preserving to the maximum extent possible the benefits
intended to be provided to Participants under the Plan. Without limiting the generality of the
foregoing, and notwithstanding any provision of the Plan which may be interpreted to the contrary,
any Participant who is treated as a “key employee,” for purposes of Section 409A, cannot receive or
commence receiving payment within six months of his or her termination of employment, to the extent
required by Section 409A and regulations promulgated thereunder.

8.8 Change in Control. Upon a Change in Control, all Accounts shall be distributed to
Participants. Such distributions shall be made not earlier than January 1 and not later than
January 31 of the calendar year following the year in which the Change in Control occurred.

ARTICLE 9. BENEFICIARY BENEFITS

In accordance with forms and procedures established by the Committee, a Participant may
designate a Beneficiary to receive the remaining balance of his Account(s) upon his death, and may
change such designated Beneficiary from time to time. Payments to a Beneficiary under this Article
9 shall be made in accordance with the distribution schedules established by the Participant for
his or her Account(s), unless the Beneficiary elects within 90 days of the date of the
Participant’s death, or otherwise in accordance with procedures specified by the Committee, to
receive the balance of all Participant’s Accounts in a lump sum. Notwithstanding the preceding
sentence, if a Beneficiary survives the Participant but dies before the Participant’s entire
Account has been distributed, the remaining balance(s) of all of the Participant’s Account(s) shall
be distributed in a lump sum to the Beneficiary’s estate as soon as practicable following receipt
of notice of the Beneficiary’s death. If no Beneficiary is designated (or if a designated
Beneficiary does not survive the Participant), the balance credited to the Participant’s Account(s)
shall be paid to the Participant’s estate in a lump sum as soon as practicable following receipt of
notice of the Participant’s death.

ARTICLE 10. NATURE OF CLAIM FOR PAYMENTS

(a) Except as may be provided herein, the Company shall not be required to set aside or
segregate any assets of any kind to meet its obligations hereunder. A Participant shall have no
right on account of the Plan in or to any specific assets of the Company or to any assets of any
Trust. Any right to any payment the Participant may have on account of the Plan shall be solely
that of a general, unsecured creditor of the Company.

(b) To assist in meeting its obligations under the Plan, the Company may establish or
designate a Trust, of which the Company is treated as the owner under Subpart E of Subchapter J,
Chapter I of the Code, and may deposit funds with the Trustee of the Trust.

(c) In all events, the Company shall remain ultimately liable for the benefits payable under
this Plan, and to the extent the assets at the disposal of the Trustee are insufficient to enable
the Trustee to satisfy all benefits, the Company shall pay all such benefits necessary to meet its
obligations under this Plan.

(d) The obligations of the Company hereunder shall be binding upon its successors and assigns,
whether by merger, consolidation or acquisition of all or substantially all of its business or
assets.

(e) In the event that, following a Change in Control, any dispute arises as to a Participant’s
entitlements under the Plan, the Participant shall be entitled to reimbursement, as incurred, of
legal expenses incurred by the Participant in enforcing his or her rights hereunder, unless the
claim(s) made by such Participant is determined by a court or arbitrator of appropriate
jurisdiction to be or have been manifestly without merit.

ARTICLE 11. ASSIGNMENT OR ALIENATION

11.1 Prohibition on Assignment. The interest hereunder of any Participant or
Beneficiary shall not be alienable by the Participant or Beneficiary by assignment or any other
method and will not be subject to be taken by his creditors by any process whatsoever, and any
attempt to cause such interest to be so subjected shall not be recognized.

11.2 Domestic Relations Orders.

(a) All or a portion of a Participant’s benefit under the Plan may be paid to another person
as specified in a “Qualified Domestic Relations Order.” For this purpose, a “Qualified Domestic
Relations Order” means a judgment, decree, or order (including the approval of a settlement
agreement) which is:

(i) issued pursuant to a State’s domestic relations law;

(ii) relates to the provision of child support, alimony payments or marital property rights to
a spouse, former spouse, child or other dependent of the Participant;

(iii) creates or recognizes the right of a spouse, former spouse, child or other dependent of
the Participant to receive all or a portion of the Participant’s benefits under the Plan;

(iv) provides for payment in an immediate lump sum as soon as practicable after the Committee
determines that a Qualified Domestic Relations Order exists; and

(v) meets such other requirements established by the Committee.

(b) The Committee shall determine whether any document received by it is a Qualified Domestic
Relations Order. In making this determination, the Committee may consider:

(i) the rules applicable to “domestic relations orders” under section 414(p) of the Internal
Revenue Code of 1986 and section 206(d) of ERISA;

(ii) the procedures used under the 401(k) Savings Plan to determine the qualified status of
domestic relations orders; and

	 	 	 
	(iii)

ARTICLE 12.

	 	such other rules and procedures as it deems relevant.

NO CONTRACT OF EMPLOYMENT

The Plan shall not be deemed to constitute a contract of employment between the Company and
any Participant, or to be consideration for the employment of any Participant.

ARTICLE 13. AMENDMENT OR TERMINATION OF PLAN

The Plan may be altered, amended, revoked or terminated in writing by the Committee or the
Company in any manner and at any time; provided, however, that (i) no amendment or action of the
Committee may have the effect of reducing the vested balance of any Account of a Participant at the
time of such amendment or action without the consent of the affected Participant, (ii) following a
Change in Control, (A) no such alteration, amendment, revocation or termination shall reduce the
amount of a Participant’s Account or his rights to such Account as determined under the provisions
of the Plan in effect immediately prior to such Change in Control (including without limitation any
right to contributions under Section 5.3), or otherwise adversely affect the Participant’s benefits
under the Plan, without the written consent of the affected Participant and (B) the provisions of
Sections 5.5, 6.2 and this Article 13 may not be amended.

ARTICLE 14. CLAIMS REVIEW PROCEDURE

14.1 Notice. The Committee shall notify Participants and, where appropriate,
Beneficiaries, of their right to claim benefits under the claims procedures, and may, if
appropriate, make forms available for filing of such claims, and shall provide the name of the
person or persons with whom such claims should be filed.

14.2 Procedure. The Committee shall establish procedures for action upon claims
initially made and the communication of a decision to the claimant promptly and, in any event, not
later than 90 days after the claim is received by the Committee, unless special circumstances
require an extension of time for processing the claim. If an extension is required, notice of the
extension shall be furnished to the claimant prior to the end of the initial 90 day period, which
notice shall indicate the reasons for the extension and the expected decision date. The extension
shall not exceed 90 days. The claim may be deemed by the claimant to have been denied for purposes
of further review described below in the event a decision is not furnished to the claimant within
the period described in the three preceding sentences. Every claim for benefits which is denied
shall be denied by written notice setting forth in a manner calculated to be understood by the
claimant (i) the specific reason or reasons for the denial, (ii) specific reference to any
provisions of the Plan on which denial is based, (iii) description of any additional material or
information necessary for the claimant to perfect his claim with an explanation of why such
material or information is necessary, and (iv) an explanation of the procedure for further
reviewing the denial of the claim under the Plan, including a statement of the right of the
claimant to bring an action under Section 502(a)(3) of ERISA following an adverse benefit
determination on review.

14.3 Review. (a) The Committee shall establish a procedure for review of claim
denials, such review to be undertaken by the Committee. The review given after denial of any claim
shall be a full and fair review with the claimant or his duly authorized representative having 60
days after receipt of denial of his claim to request such review, the right to review all pertinent
documents and the right to submit documents, records, issues, comments and other information in
writing, all of which shall be taken into account regardless of whether it was submitted in the
initial benefit determination. The claimant shall be provided upon request and at no charge,
reasonable access to, and copies of, all documents, records and other information relevant to the
claimant’s claim for benefits.

(b) The Committee shall establish a procedure for issuance of a decision by the Committee not
later than 60 days after receipt of a request for review from a claimant unless special
circumstances, such as the need to hold a hearing, require a longer period of time, in which case a
decision shall be rendered as soon as possible but not later than 120 days after receipt of the
claimant’s request for review. The decision on review shall be in writing and shall include
specific reasons for the decision written in a manner calculated to be understood by the claimant
with specific reference to any provisions of the Plan on which the decision is based, a statement
that the claimant is entitled upon request and at no charge reasonable access to, and copies of,
all documents, records and other information relevant to the claimant’s claim for benefits, and a
statement of the right of the claimant to bring an action under Section 502(a)(1)(B) of ERISA.

ARTICLE 15. GOVERNING LAW

This Plan shall be governed and construed in accordance with the laws of the State of
Massachusetts, to the extent such laws are not preempted by federal law.

IN WITNESS WHEREOF, this Plan has been adopted by the Compensation Committee of the Board of
Directors of Charles River Laboratories, Inc., on February 8, 2006, and is executed by a duly
authorized officer of Charles River Laboratories, Inc.

	 	 	 
	Charles River Laboratories, Inc.

	 
	 	 
	/s/ James C. Foster

	 
	 	 
	By:

	 	James C. Foster
	
 
	 	 
	Title:

	 	Chairman, Chief Executive Officer and President
	
 
	 	 
	 
	 	 

2

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