SEC Contract Filing

Filing Date: 2021-05-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101jmazelskystockop.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="ic700ff14b2b3498ea5ab3ecb38ab1706_1"></div><div style="min-height:43.2pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline">Exhibit 10.1</font></div><div style="text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Employee Stock Option Agreements</font></div><div style="padding-right:-6.75pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Granted Under IDEXX Laboratories, Inc. 2018 Stock Incentive Plan</font></div><div><font><br></font></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:47.825%"><div style="margin-bottom:12pt;padding-right:-9.55pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline">1. Grant of Option.</font></div><div style="margin-bottom:12pt;padding-left:5.75pt;text-indent:14.4pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(a)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;padding-left:6.09pt">Grant.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> IDEXX Laboratories, Inc., a Delaware corporation (the &#8220;Company&#8221;), pursuant to the Company&#8217;s 2018 Stock Incentive Plan (the &#8220;Plan&#8221;) and this Employee Stock Option Agreement, including any exhibit, appendix or addendum hereto (the &#8220;Agreement&#8221;), hereby grants to the employee named on the opposite side of this Agreement (the &#8220;Optionee&#8221;) an option to purchase, in whole or in part, the number of shares of common stock, par value $0.10 per share, of the Company (&#8220;Shares&#8221;) at a price per Share as noted on the opposite side of this Agreement, subject to the terms and conditions of this Agreement, the Plan and the description of the Plan set forth in the Plan Prospectus. The Plan and the Plan Prospectus are provided to the Optionee with this Agreement. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in the Plan or the Plan Prospectus.</font></div><div style="margin-bottom:12pt;padding-left:5.75pt;text-indent:14.4pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(b)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;padding-left:5.65pt">Restrictive Covenant Agreements.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Optionee acknowledges and affirms that&#58; (i) Optionee is subject to non-competition, non-solicitation and confidentiality provisions set forth in one or more agreements with the Company or any of its Affiliates (including, as applicable, employment, consulting or advisory contracts&#59; confidentiality and nondisclosure agreements&#59; or other agreements&#59; in each case as may be amended or supplemented from time to time) (collectively, the &#8220;Restrictive Covenant Agreements&#8221;)&#59; and (ii) this Option is granted in consideration of Optionee&#8217;s agreement to be bound by Optionee&#8217;s Restrictive Covenant Agreements.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline">2. Type of Stock Option.</font></div><div style="margin-bottom:12pt;padding-left:5.75pt;text-indent:14.4pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">If the opposite side of this Agreement indicates that this Option is an &#8220;Incentive Stock Option&#8221;, this Option is intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended from time to time (the &#8220;Code&#8221;). If the opposite side of this Agreement indicates that this Option is a &#8220;Non-Qualified Stock Option&#8221;, this Option shall not be considered an incentive stock option as defined by Section 422 of the Code.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline">3. Exercise of Option and Provisions for Termination.</font></div><div style="margin-bottom:12pt;padding-left:5.75pt;text-indent:14.4pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(a)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%;padding-left:6.93pt">Vesting Schedule and Expiration.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Except as otherwise provided in this Agreement, this Option shall expire at 4&#58;00 p.m., Eastern time, on the Expiration Date indicated on the opposite side of this Agreement. This Option will become exercisable (&#8220;vest&#8221;) in installments as to the number of Shares and during the respective installment periods set forth on the opposite side of this Agreement. The right of exercise shall be cumulative so that if the Option is not exercised to the maximum extent permissible during an exer