Exhibit 10.30.2
EXECUTION COPY
AMENDMENT NO. 1 TO EMPLOYMENT
AGREEMENT
AMENDMENT NO. 1, dated as of
June 11, 2008 (this “ Amendment ”), to the
EMPLOYMENT AGREEMENT, dated September 1, 2007 (the “
Agreement ”), by and between Applera Corporation, a
Delaware corporation (the “ Company ”), and
Mark P. Stevenson (the “ Employee ”).
Capitalized terms used but not otherwise defined herein shall have
the respective meanings ascribed to such terms in the
Agreement.
W I T N
E S S E
T H
WHEREAS, the parties hereto desire
to amend the Agreement on the terms set forth herein.
NOW, THEREFORE, in consideration of
the foregoing, and of the representations, warranties, covenants
and agreements contained in the Agreement and herein, and for other
good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged and accepted, the parties hereto hereby
agree as follows:
1.
Amendment to Section 1 of the Agreement . The first
sentence of Section 1 of the Agreement is amended to read in
its entirety as follows:
“1. Employment . The
Company agrees to employ Employee, and the Employee agrees to
serve, as President and Chief Operating Officer of the Company
after a Change in Control during the Period of Employment (as those
terms are defined in Section 2 hereof).”
2.
Amendment to Section 2(f)(i) of the Agreement . The
definition of “Period of Employment” as set forth in
Section 2(f)(i) of the Agreement is hereby amended to read in
its entirety as follows:
“(f) Period of
Employment . (i) “Period of Employment” means,
subject to the provisions of Section 2(f)(ii), the period of
thirty-six (36) months commencing on the date of a Change in
Control (as defined in Section 2(c) hereof) and the period of
any extension or extensions thereof in accordance with the terms of
this Section. Subject to the Agreement termination provisions of
Section 11, the Period of Employment shall be extended
automatically by one week for each week in which the
Employee’s employment continues after the date of a Change in
Control.”
3.
Amendment to Section 6(a) of the Agreement . The last
sentence of Section 6(a) of the Agreement is hereby amended to
read in its entirety as follows:
“The amounts and benefits set
forth in clauses (i), (ii), and (iii) above in this
Section 6(a), and incentive compensation payable
