Ex-10.68 Amended Key Employee Agrmnt - Hendrickson
EX-10.68 8 b49287clexv10w68.txt EX-10.68 AMENDED KEY EMPLOYEE AGRMNT - HENDRICKSON EXHIBIT 10.68 January 22, 2004 Anthony Hendrickson c/o Caliper Life Sciences, Inc. 605 Fairchild Dr. Mountain View, CA 94043-2234 Dear Tony: Pursuant our agreement late last year to extend your employment with Caliper, this amended and restated agreement (the "Agreement") amends and restates the terms and conditions of the Separation Agreement dated July 10, 2003, by and between you and Caliper (the "Prior Agreement"). This Agreement shall be effective as of December 31, 2003. The Prior Agreement shall have no further force or effect as of December 31, 2003, except to the extent that certain obligations set forth therein were performed prior to the date of this Agreement. 1. SEPARATION. Subject to the terms and condition contained herein, your employment with the Company will continue full-time until December 31, 2003 the ("Initial Transition Period") and will continue on a part-time, three days a week basis, during the period (the "Second Transition Period", and together with the Initial Transition Period, the "Transition Period") from January 1, 2004 through March 31, 2004 (the "Separation Date"), at which time your employment with the Company will terminate. On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation and flex time earned through the Separation Date, subject to standard payroll deductions and withholdings, except to the extent such payment for accrual of unused vacation and flex-time was previously made to you under the Prior Agreement. 2. TRANSITION PERIOD. (a) DUTIES. During the Transition Period, you will continue to work for the Company as its Vice President of Finance and Chief Accounting Officer. You will be expected to transition your job duties, and to perform such tasks, as requested by Jim Knighton or the Company's Chief Executive Officer ("CEO") (or his designee). During the Transition Period, you are expected to comply with the Company's policies, the terms of your Employee Proprietary Information and Inventions Agreement (which is attached hereto as Exhibit A), and the terms of this Agreement. Your employment during the Transition Period will be at will, meaning that either you or the Company may terminate your employment at any time, with or without cause, and with or without advance notice. (b) COMPENSATION. During the Transition Period, the Company will continue to compensate you for your services based on your current full-time monthly base salary of $16,575 (or annual base salary of $198,900), provided that such compensation shall be pro-rated on a three-fifths basis during the Second Transition Period. These payments will be made on the Company's ordinary payroll dates, and will be subject to standard payroll deductions and withholdings. In addition, in consideration of your agreement to remain employed by the Company through the Second Transition Period and as a retention bonus for remaining employed by the Company through the Second Transition Period, effective as of January 21, 2004, the Company shall grant to you (i) fourteen thousand (14,000) shares of restricted stock of the Company (the "Restricted Stock") and (ii) a stock option to purchase fourteen thousand (14,000) shares of the Company's common stock, with a per share exercise price equal to the fair market value of the Company's common stock based on the last sale price of the Company's common stock on January 21, 2004 (the "New Option"), in each case under the Company's 1999 Equity Incentive Plan and subject to the terms and conditions of the applicable plan documents, such Restricted Stock and such New Option to vest Anthony Hendrickson Page 2 on March 31, 2004, provided that you (A) remain as an employee of the Company in good standing as of March 31, 2004 (unless terminated before such date by the Company without cause) and (B) sign a second Employment Termination Release attached hereto as Exhibit B (the "Second Release") on or after March 31, 2004, and allow the Second Release to become effective. (c) BENEFITS. During the Transition Period, you will be eligible to continue your current Company benefits subject to the terms and limitations of the applicable plans. The Company will also exempt you from the vacation accrual cap (both retroactively and during the Transition Period), so that you will accrue vacation during the Transition Period, and the Company will retroactively grant you the vacation time that you did not accrue prior to the Transition Period because of the accrual cap. (d) STOCK OPTIONS. During the Transition Period, your stock options granted by the Company will continue to vest according to the terms of the applicable plan document(s) and stock option agreement(s). (e) OTHER ACTIVITIES. During the Transition Period, you agree not to undertake or engage in any other employment, occupation or business enterprise, other than ones in which you are a passive investor. You may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of your duties hereunder. (f) OFFER LETTERS SUPERSEDED. During the Transition Period, the terms and conditions of your employment will be as described herein. Accordingly, the terms set forth in this Agreement shall supersede that certain offer letter agreement between you and the Company dated April 7, 2000, as amended by that certain promotion offer letter agreement between you and the Company dated September 10, 2002 (the "Offer Letters"). (g) RETENTION BONUS. Provided you perform your Transition Period obligations through December 31, 2003, execute the Employment Termination Release attached hereto as Exhibit B (the "Initial Release") on or after December 31, 2003, allow the Initial Release to become effective, and have not breached this Agreement or your Proprietary Information and Inventions Agreement, then the Company will pay you a retention bonus of $99,450, less standard payroll deductions and withholdings ("Retention Bonus"). The Retention Bonus will be paid in a lump sum within ten (10) days of the Initial Release's effective date. In addition, if you perform your Second Transition Period obligations through March 31, 2004 (except as otherwise provided herein for termination without Cause, for Good Reason, or Constructive Termination), execute Second Release on or after March 31, 2004, allow the Second Release to become effective, and have not breached this Agreement or your Proprietary Information and Inventions Agreement, then the Restricted Shares and New Option granted to you under Section 2(b) will become fully vested as of March 31, 2004. (h) SEVERANCE. Provided you perform your Transition Period obligations through December 31, 2003, execute the Initial Release on or after December 31, 2003, allow the Initial Release to become effective, and have not breached this Agreement or your Proprietary Information and Inventions Agreement, then the Company will pay you, as Severance, the equivalent of twelve (12) months of your base salary ($198,900), subject to standard payroll deductions and withholdings. The Severance will be paid in a lump sum within ten (10) days of the Initial Release's effective date. The Company will also provide you with, as Severance, the executive outplacement package through your choice of either Valerie Fredrickson & Co. or TMS Consulting. In addition, provided you perform your Second Transition Period obligations through March 31, 2004, execute the Second Release on or after March 31, 2004, allow the Second Release to become effective, and have not breached this Agreement or your Proprietary Information and Inventions Agreement, the Company will accelerate the vesting of any stock options that you have received from the Company, with the exception of any stock options granted during the Transition Period (including the New Anthony Hendrickson Page 3 Option described in Section 2(b) of this Agreement), such that all unvested shares will be immediately vested and exercisable as of your employment termination date ("Accelerated Vesting"). (i) TERMINATION DURING SECOND TRANSITION PERIOD. (i) TERMINATION WITH CAUSE OR RESIGNATION. If, during the Second Transition Period, your employment with the Company is terminated with Cause, or you resign from your employment with the Company, then you will not be eligible for any severance benefits (except for any benefits you may be eligible to receive under the Company's Change of Control, Sr. Management Severance/Equity Acceleration Plan (the "Change of Control Plan"), under the circumstances and conditions described therein), including the Accelerated Vesting. (ii) DEFINITION OF CAUSE. For purposes of this Agreement, "Cause" shall mean the occurrence of any of the following: (1) you engage in conduct that constitutes willful gross neglect or willful gross misconduct in carrying out your duties, resulting, in either case, in material economic harm to the Company, unless you believed in good faith that such conduct was in, or not opposed to, the best interest of the Company; (2) any unjustified refusal to follow reasonable directives by the CEO or duly adopted by the Board; or (3) conviction of a felony crime involving moral turpitude; provided, however, that the Company shall provide written notice of its intent to terminate you under (1) or (2) above and you shall have a 30-day period to correct your actions, if such actions can be corrected. (iii) TERMINATION WITHOUT CAUSE. If your employment with the Company is terminated without Cause during the Second Transition Period at any time except following a Change of Control (as defined in the Change of Control Plan), and provided that you sign the Second Release on or after the last day of your employment with the Company, and allow the Second Release to become effective, then you will be eligible to receive Accelerated Vesting and the Consultancy. You will not be eligible to receive any other severance benefits or other compensation. (iv) TERMINATION AFTER CHANGE OF CONTROL. If during the Transition Period, your employment is terminated, either by you or the Company, following a Change of Control (as defined in the Change of Control Plan), then you will be eligible for benefits under the Change of Control Plan under the terms and conditions specified therein, and you will not be eligible to receive any other severance benefits or other compensation following the termination of your employment, including the Retention Bonus, Severance or Consultancy). 3. CONSULTANCY. Provided you perform your Second Transition Period obligations through the Separation Date, execute the Second Release on or after the Separation Date, allow the Second Release to become effective, and have not breached this Agreement or your Proprietary Information and Inventions Agreement, then the Company agrees to retain you to provide consulting services under the terms specified below. (a) CONSULTING PERIOD. The consulting relationship ("Consultancy") shall commence on the day after your last day of employment with the Company and continue until the earlier of (the "Consulting Period"): (i) June 30, 2006; (ii) the date you breach your obligations under this Agreement; or (iii) the date you engage in any activity competitive with the interests of the Company. (b) CONSULTING DUTIES. You agree to make yourself available during the Consulting Period, upon the Company's reasonable request, to provide consulting services in any area of your experience or expertise, for a minimum of ten (10) hours per month ("Consulting Duties"). You shall perform your Consulting Anthony Hendrickson Page 4 Duties at the request and direction of the CEO, exercising the highest degree of professionalism and utilizing your expertise and creative talents. (c) CONSULTING FEES. During the Consulting Period, the Company will pay you $400 per hour for your services, based on the actual number of hours of services performed by you. These hourly amounts are the "Consulting Fees". These payments will be made based on invoices submitted by you and approved by the CEO on terms of net 30. Any stock options that you have been granted by the Company will also continue to vest during the Consulting Period, subject to the terms and conditions of the applicable stock option agreements(s) and plan document(s). The Company will also pay the premiums necessary to continue your health care coverage (and the current coverage for your wife) through the Consulting Period if you timely elect COBRA continuation coverage; provided, however, that this payment obligation will cease if you become eligible for comparable benefits under another employer's medical benefit plan. You agree to notify the Company within three (3) days of such eligibility. (d) TAXES AND WITHHOLDING. Because you will perform the Consulting Duties as an independent contractor, the Company will not withhold from the Consulting Fees any amount for taxes, social security or other payroll deductions. The Company will report your Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes which may be due with regard to the Consulting Fees, and you hereby indemnify and save harmless the Company from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees, with the exception of the employer's share of social security, if any. (e) PROTECTION OF INFORMATION. You agree that, during the Consulting Period and thereafter, you will not use or disclose any confidential or proprietary information or materials of the Company that you obtain or develop in the course of performing the Consulting Duties, except with the written permission of the Company's CEO. Any and all work product you create directly in the course of performing the Consulting Duties will be the sole and exclusive property of the Company. You hereby assign to the Company all right, title, and interest in all inventions, techniques, processes, materials, and other intellectual property developed directly in the course of performing the Consulting Duties. (f) AUTHORITY DURING CONSULTING PERIOD. After the Separation Date, you will have no authority, in the absence of the express written consent of the Board and CEO, to bind the Company (or to represent that you have authority to bind the Company) to any contractual obligations, whether written, oral or implied. You agree that after the Separation Date, you will not represent or purport to represent the Company in any manner whatsoever to any third party unless authorized to do so in writing by the CEO. (g) FACILITIES USAGE DURING CONSULTING PERIOD. During the Consulting Period, you will have access to the Company's facilities to the extent authorized in advance by the Company's CEO in connection with the Consulting Duties. In connection with any use of the Company's facilities, you agree to abide by all Company policies and procedures. (h) OTHER ACTIVITIES. You acknowledge that in performing the Consulting Duties, you will be an independent contractor to the Company and not an employee, partner, or joint venturer of the Company. You may engage in other employment or consulting relationships in addition to your work for the Company during the Consulting Period, provided that such relationships do not involve providing services to any competitor of the Company or unreasonably interfere with your provision of consulting services to the Company. 4. HEALTH INSURANCE. To the extent provided by the federal COBRA law and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your Anthony Hendrickson Page 5 own expense after the Separation Date, except as otherwise set forth herein. Later, you may be able to convert to an individual policy at your own expense, if you wish. 5. EXPENSE REIMBURSEMENTS. You agree that, within thirty (30) days of the Separation Date, or your actual employment termination date, whichever is earlier, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through your last date of employment, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice. 6. OTHER COMPENSATION OR BENEFITS. You acknowledge that, except as expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after your employment terminates. 7. RETURN OF COMPANY PROPERTY. On the Separation Date or your actual employment termination date, whichever is earlier, you agree to return to the Company all Company documents (and all copies thereof) and other Company property which you have had in your possession at any time, including, but not limited to, all Company files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers), credit cards, entry cards, identification badges and keys; and, any materials of any kind which contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). 8. PROPRIETARY INFORMATION OBLIGATIONS. You hereby acknowledge and agree to abide by your continuing obligations under your Proprietary Information and Inventions Agreement. 9. NONDISPARAGEMENT. You agree not to disparage the Company and the Company's officers, directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that you may respond accurately and fully to any question, inquiry or request for information consistent with your obligations under this Agreement. 10. NONINTERFERENCE. During the Transition Period and Consulting Period, and for a one (1) year period following the conclusion of the Consulting Period, you agree not to interfere with the business of the Company by soliciting or attempting to solicit any employee or consultant of the Company to terminate his or her employment or relationship with the Company in order to become an employee, consultant or independent contractor to or for any other entity. 11. MISCELLANEOUS. This Agreement, including Exhibits A and B, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter. It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the Company. This Agreement shall bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs, successors and assigns. If any provision of this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question shall be modified by the court so as to be rendered enforceable. This Agreement shall be deemed to have been entered into and shall be construed and enforced in accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California. If this Agreement is acceptable to you, please sign below and return the original to me. Additionally, if you sign the Second Release attached hereto as Exhibit B on or after your final date of employment with the Company, please return the signed original of the Second Release to me. Anthony Hendrickson Page 6 Sincerely, CALIPER LIFE SCIENCES, INC. By: /s/ Stephen E. Creager ------------------------- Stephen E. Creager Vice President & General Counsel Exhibit A - Proprietary Information and Inventions Agreement Exhibit B - Employment Termination Release AGREED: /s/ Anthony Hendrickson - -------------------------------- ANTHONY HENDRICKSON Dated: January 22, 2004 EXHIBIT A PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT CALIPER LIFE SCIENCES, INC. EMPLOYEE PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT In consideration of my employment or continued employment by CALIPER LIFE SCIENCES, INC. (the "COMPANY"), and the compensation now and hereafter paid to me, I hereby agree as follows: I. Nondisclosure 1.1 RECOGNITION OF COMPANY'S RIGHTS; NONDISCLOSURE. At all times during my employment and thereafter, I will hold in strictest confidence and will not disclose, use, lecture upon or publish any of the Company's Proprietary Information (defined below), except as such disclosure, use or publication may be required in connection with my work for the Company, or unless an officer of the Company expressly authorizes such in writing. I will obtain Company's written approval before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to my work at Company and/or incorporates any Proprietary Information. I hereby assign to the Company any rights I may have or acquire in such Proprietary Information and recognize that all Proprietary Information shall be the sole property of the Company and its assigns. 1.2 PROPRIETARY INFORMATION. The term "PROPRIETARY INFORMATION" shall mean any and all confidential and/or proprietary knowledge, data or information of the Company. By way of illustration but not limitation, "PROPRIETARY INFORMATION" includes (a) trade secrets, inventions, ideas, processes, formulas, products, formulations, developmental or experimental work, publications, clinical data, test data, methods, samples, media and/or call lines, other works of authorship, know-how, improvements, discoveries, developments, designs and techniques (hereinafter collectively referred to as "INVENTIONS"); and (b) information regarding plans for research, development, new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c) information regarding the skills and compensation of other employees of the Company. Notwithstanding the foregoing, it is understood that, at all such times, I am free to use information which is generally known in the trade or industry, which is not gained as result of a breach of this Agreement, and my own, skill, knowledge, know-how and experience to whatever extent and in whichever way I wish. 1.3 THIRD PARTY INFORMATION. I understand, in addition, that the Company has received and in the future will receive from third parties confidential or proprietary information ("THIRD PARTY INFORMATION") subject to a duty on the Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes. During the term of my employment and thereafter, I will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection with their work for the Company) or use, except in connection with my work for the Company, Third Party Information unless expressly authorized by an officer of the Company in writing. 1.4 NO IMPROPER USE OF INFORMATION OF PRIOR EMPLOYERS AND OTHERS. During my employment by the Company I will not improperly use or disclose any confidential information or trade secrets, if any, of any former employer or any other person to whom I have an obligation of confidentiality, and I will not bring onto the premises of the Company any unpublished documents or any property belonging to any former employer or any other person to whom I have an obligation of confidentiality unless consented to in writing by that former employer or person. I will use in the performance of my duties only information which is generally known and used by persons with training and experience comparable to my own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. 2. ASSIGNMENT OF INVENTIONS. 2.1 PROPRIETARY RIGHTS. The term "PROPRIETARY RIGHTS" shall mean all trade secret, patent, copyright, mask work and other intellectual property rights throughout the world. 2.2 PRIOR INVENTIONS. Inventions, if any, patented or unpatented, which I made prior to the commencement of my employment with the Company are excluded from the scope of this Agreement. To preclude any possible uncertainty, I have set forth on Exhibit B (Previous Inventions) attached hereto a complete list of all Inventions that I have, alone or jointly with others, conceived, developed or reduced to practice or caused to be conceived, developed or reduced to practice prior to the commencement of my employment with the Company, that I consider to be my property or the property of third parties and that I wish to have excluded from the scope of this Agreement (collectively referred to as "PRIOR INVENTIONS"). If disclosure of any such Prior Invention would cause me to violate any prior confidentiality agreement, I understand that I am not to list such Prior Inventions in Exhibit B but am only to disclose a 1 cursory name for each such invention, a listing of the party(ies) to whom it belongs and the fact that full disclosure as to such inventions has not been made for that reason. A space is provided on Exhibit B for such purpose. If no such disclosure is attached, I represent that there are no Prior Inventions. If, in the course of my employment with the Company, I incorporate a Prior Invention into a Company product, process or machine, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to make, have made, modify, use and sell such Prior Invention. Notwithstanding the foregoing, I agree that I will not incorporate, or permit to be incorporated, Prior Inventions in any Company Inventions without the Company's prior written consent. 2.3 ASSIGNMENT OF INVENTIONS. Subject to Sections 2.4, and 2.6, I hereby assign and agree to assign in the future (when any such Inventions or Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right, title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by me, either alone or jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party as directed by the Company pursuant to this Section 2, are hereinafter referred to as "COMPANY INVENTIONS." 2.4 NONASSIGNABLE INVENTIONS. This Agreement does not apply to an Invention which qualifies fully as a nonassignable Invention under Section 2870 of the California Labor Code (hereinafter "SECTION 2870"). I have reviewed the notification on Exhibit A (Limited Exclusion Notification) and agree that my signature acknowledges receipt of the notification. 2.5 OBLIGATION TO KEEP COMPANY INFORMED. During the period of my employment and for six (6) months after termination of my employment with the Company, I will promptly disclose to the Company fully and in writing all Inventions authored, conceived or reduced to practice by me, either alone or jointly with others. In addition, I will promptly disclose to the Company all patent applications filed by me or on my behalf within a year after termination of employment. At the time of each such disclosure, I will advise the Company in writing of any Inventions that I believe fully qualify for protection under Section 2870; and I will at that time provide to the Company in writing all evidence necessary to substantiate that belief. The Company will keep in confidence and will not use for any purpose or disclose to third parties without my consent any confidential information disclosed in writing to the Company pursuant to this Agreement relating to Inventions that qualify fully for protection under the provisions of Section 2870. I will preserve the confidentiality of any Invention that does not fully qualify for protection under Section 2870. 2.6 GOVERNMENT OR THIRD PARTY. I also agree to assign all my right, title and interest in and to any particular Invention to a third party, including without limitation the United States, as directed by the Company. 2.7 WORKS FOR HIRE. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of my employment and which are protectable by copyright are "works made for hire," pursuant to United States Copyright Act (17 U.S.C., Section 101). 2.8 ENFORCEMENT OF PROPRIETARY RIGHTS. I will assist the Company in every proper way to obtain, and from time to time enforce, United States and foreign Proprietary Rights relating to Company Inventions in any and all countries. To that end I will execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as the Company may reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof. In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the Company or its designee. My obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in any and all countries shall continue beyond the termination of my employment, but the Company shall compensate me at a reasonable rate after my termination for the time actually spent by me at the Company's request on such assistance. In the event the Company is unable for any reason, after reasonable effort, to secure my signature on any document needed in connection with the actions specified in the preceding paragraph, I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to act for and in my behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of the preceding paragraph with the same legal force and effect as if executed by me. I hereby waive and quitclaim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of any Proprietary Rights assigned hereunder to the Company. 3. RECORDS. I agree to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all Proprietary Information developed by me and all Inventions made by me during the period of my employment at the Company, which records shall be available to and remain the sole property of the Company at all times. 4. ADDITIONAL ACTIVITIES. I agree that during the period of my employment by the Company I will not, without the Company's express written consent, engage in any employment or business activity which is competitive with, or would otherwise conflict with, my employment by the Company. I agree further that for the period of my employment by the Company and for one (l) year after the date of termination of my employment by the Company I will 2 not induce any employee of the Company to leave the employ of the Company. 5. NO CONFLICTING OBLIGATION. I represent that my performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered into, and I agree I will not enter into, any agreement either written or oral in conflict herewith. 6. RETURN OF COMPANY DOCUMENTS. When I leave the employ of the Company, I will deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together with all copies thereof, and any other material containing or disclosing any Company Inventions, Third Party Information or Proprietary Information of the Company. I further agree that any property situated on the Company's premises and owned by the Company, including disks and other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. Prior to leaving, I will cooperate with the Company in completing and signing the Company's termination statement. 7. LEGAL AND EQUITABLE REMEDIES. Because my services are personal and unique and because I may have access to and become acquainted with the Proprietary Information of the Company, the Company shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief, without bond and without prejudice to any other rights and remedies that the Company may have for a breach of this Agreement. 8. NOTICES. Any notices required or permitted hereunder shall be given to the appropriate party at the address specified below or at such other address as the party shall specify in writing. Such notice shall be deemed given upon personal delivery to the appropriate address or if sent by certified or registered mail, three (3) days after the date of mailing. 9. NOTIFICATION OF NEW EMPLOYER. In the event that I leave the employ of the Company, I hereby consent to the notification of my new employer of my rights and obligations under this Agreement. 10. GENERAL PROVISIONS. 10.1 GOVERNING LAW; CONSENT TO PERSONAL JURISDICTION. This Agreement will be governed by and construed according to the laws of the State of California, as such laws are applied to agreements entered into and to be performed entirely within California between California residents. I hereby expressly consent to the personal jurisdiction of the state and federal courts located in Santa Clara County, California for any lawsuit filed there against me by Company arising from or related to this Agreement. 10.2 SEVERABILITY. In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. 10.3 SUCCESSORS AND ASSIGNS. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will be for the benefit of the Company, its successors, and its assigns. 10.4 SURVIVAL. The provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement by the Company to any successor in interest or other assignee. 10.5 EMPLOYMENT. I agree and understand that the employment relationship between me and the company is voluntary and without any fixed term and therefore may be terminated with or without cause by either party at any time in its sole discretion. 10.6 WAIVER. No waiver by the Company of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required to give notice to enforce strict adherence to all terms of this Agreement. 10.7 ENTIRE AGREEMENT. The obligations pursuant to Sections 1 and 2 of this Agreement shall apply to any time during which I was previously employed, or am in the future employed, by the Company as a consultant if no other agreement governs nondisclosure and assignment of inventions during such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement. 3 This Agreement shall be effective as of the first day of my employment with the Company, namely: _____________, 20____. I HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS. I HAVE COMPLETELY FILLED OUT EXHIBIT B TO THIS AGREEMENT. Dated: ------------------------------ - ---------------------------------------------------------- SIGNATURE - ---------------------------------------------------------- (PRINTED NAME) ACCEPTED AND AGREED TO: CALIPER LIFE SCIENCES, INC. By: ----------------------------------------------------- Title: -------------------------------------------------- 605 Fairchild Drive - ---------------------------------------------------------- (Address) Mountain View, CA 94043 - ---------------------------------------------------------- 4 EXHIBIT A LIMITED EXCLUSION NOTIFICATION THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that the foregoing Agreement between you and the Company does not require you to assign or offer to assign to the Company any invention that you developed entirely on your own time without using the Company's equipment, supplies, facilities or trade secret information except for those inventions that either: (1) Relate at the time of conception or reduction to practice of the invention to the Company's business, or actual or demonstrably anticipated research or development of the Company; (2) Result from any work performed by you for the Company. To the extent a provision in the foregoing Agreement purports to require you to assign an invention otherwise excluded from the preceding paragraph, the provision is against the public policy of this state and is unenforceable. This limited exclusion does not apply to any patent or invention covered by a contract between the Company and the United States or any of its agencies requiring full title to such patent or invention to be in the United States. I ACKNOWLEDGE RECEIPT of a copy of this notification. By: -------------------------------------- (Printed Name of Employee) Date: ------------------------------------ WITNESSED BY: - ----------------------------------------------------- (Printed Name of Representative) Dated: ----------------------------------------------- A-1. EXHIBIT B TO: CALIPER LIFE SCIENCES, INC. FROM: -------------------------- DATE: -------------------------- SUBJECT: PREVIOUS INVENTIONS 1. Except as listed in Section 2 below, the following is a complete list of all inventions or improvements relevant to the subject matter of my employment by Caliper Life Sciences, Inc. (the "COMPANY") that have been made or conceived or first reduced to practice by me alone or jointly with others prior to my engagement by the Company: [ ] No inventions or improvements. [ ] See below: ------------------------ ------------------------ ------------------------ [ ] Additional sheets attached. 2. Due to a prior confidentiality agreement, I cannot complete the disclosure under Section 1 above with respect to inventions or improvements generally listed below, the proprietary rights and duty of confidentiality with respect to which I owe to the following party(ies):
[ ] Additional sheets attached. A-2. EXHIBIT B EMPLOYMENT TERMINATION RELEASE (to be signed on or after the employment termination date) I understand that my employment with Caliper Life Sciences, Inc. (the "Company") terminated effective ____________, 200_. I also understand that, pursuant to the separation letter agreement between me and the Company, which I signed on ________________________, 2003 (the "Agreement"), I am required to sign this Employment Termination Release ("Release") in exchange for certain benefits under the Agreement. I further understand that, regardless of whether I sign this Release, the Company will pay me all accrued salary and vacation earned through my termination date, to which I am entitled by law. I hereby generally and completely release the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my signing this Release. This general release includes, but is not limited to: (1) all claims arising out of or in any way related to my employment with the Company or the termination of that employment; (2) all claims related to my compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing, including claims arising under the Employment Agreement or the Company's Change of Control, Sr. Mgmt. Severance/Equity Acceleration Plan; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys' fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967 ("ADEA"), and the California Fair Employment and Housing Act (as amended). I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA, as amended. I also acknowledge that the consideration given for the waiver and release in the preceding paragraph hereof is in addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a) my waiver and release do not apply to any rights or claims that may arise after the execution date of this Release; (b) I have been advised hereby that I have the right to consult with an attorney prior to executing this Release (although I may choose not to do so); (c) I have forty-five (45) days to consider this Release (although I may choose to voluntarily execute this Release earlier); (d) I have seven (7) days following the execution of this Release to revoke the Release in a writing to the Company; (e) this Release will not be effective until the date upon which the revocation period has expired, which will be the eighth day after this Release is executed by me ("Employment Termination Release Effective Date"); and (f) the Company has provided to me, pursuant to 29 U.S.C. Section 626(f)(1)(H), a disclosure concerning the availability of this employment termination program to other employees. I UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. In giving this release, which includes claims that may be unknown to me at present, I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE 3. MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR." I expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any unknown or unsuspected claims I may have against the Company. HAVING READ AND UNDERSTOOD THE FOREGOING, I HEREBY AGREE TO THE TERMS AND CONDITIONS STATED ABOVE. - ---------------------------- -------------------------------- Anthony Hendrickson Date 4.
