THERMO LETTERHEAD] April 7, 2008
EXHIBIT 10.2
[THERMO LETTERHEAD]
April 7, 2008
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President and Chief Executive Officer
Thermo ▇▇▇▇▇▇ Scientific Inc.
▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
President and Chief Executive Officer
Thermo ▇▇▇▇▇▇ Scientific Inc.
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▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇▇▇▇▇
Reference is hereby made to your Stock Option Agreement dated February 27, 2006, and your Stock
Option Agreement dated November 9, 2006 (collectively, the “Option Agreements”). This letter
confirms our agreement that, notwithstanding Section 4.1 of the Executive Retention Agreement dated
as of November 21, 2002 (the “Retention Agreement”) and Section 6(d) of the Amended and Restated
Employment Agreement dated as of November 21, 2002, the stock options subject to the Option
Agreements shall not automatically become exercisable and shall not automatically become vested
solely upon the occurrence of a Change in Control (as such term is defined in the Retention
Agreement). Except as provided above, the Option Agreements and the terms of the stock options
subject to the Option Agreements otherwise remain in full force and effect.
Very truly yours,
/s/
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Chairman of the Compensation Committee
of the Board of Directors
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Chairman of the Compensation Committee
of the Board of Directors
AGREED AND ACCEPTED:
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
April 7, 2008