Amendment to Employment and Executive Retention Agreements between Thermo Fisher Scientific Inc. and Marijn E. Dekkers (March 5, 2008)

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement between Thermo Fisher Scientific Inc. and its President and CEO, Marijn E. Dekkers, modifies certain terms of Dekkers' employment and executive retention agreements. Specifically, it deletes certain sections related to an equity grant made on March 5, 2008, and changes the definition of "Change in Control" for that grant by adjusting the relevant ownership percentage thresholds. The agreement is signed by both parties and applies only to the specified equity grant.

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EX-10.1 2 exhibit10_1.htm EXHIBIT 10.1 TO 8-K exhibit10_1.htm
Exhibit 10.1
 
 
 
 
 
March 5, 2008
 
 
Marijn E. Dekkers
President and CEO
Thermo Fisher Scientific Inc.
81 Wyman Street
Waltham, MA 02454
 
Dear Marijn:
 
This letter confirms our agreement as to the following:
 
1.  
Section 6(d) of your Amended and Restated Employment Agreement and Section 4.1 of your Executive Retention Agreement, are hereby deleted with respect to the equity grant made to you on March 5, 2008.
 
2.  
For purposes of the equity grant made to you on March 5, 2008 only, the definition of “Change in Control” in Section 1.1 of your Executive Retention Agreement shall be amended by substituting “50%” for “40%” and “60%” wherever such phrases are used.

 
 
 
Very truly yours,
     
     
 
By:
/s/ Stephen Kaufman
   
Stephen Kaufman
   
Thermo Fisher Scientific Inc.
   
Compensation Committee
 
 
 
 
ACCEPTED AND AGREED:
 
 By:
/s/ Marijn E. Dekkers
 
Marijn E. Dekkers