PerkinElmer Incorporated (PKI)

[maronti1]

HOW CAN I GET A DEAL LIKE THIS?

Hrusovsky will work approximately 8 hours per week and be paid at a rate of $20,833 per month


E. Kevin Hrusovsky, Senior Vice President and President, Life Sciences and Technology of PerkinElmer, Inc. (the “Company”) informed the Company on May 7, 2013 that he was resigning from the Company effective as of May 31, 2013. The Company and Mr. Hrusovsky have agreed that as a result of this resignation, Mr. Hrusovsky will be entitled to the benefits associated with a “Constructive Termination Upon Change of Control” under the Caliper Life Sciences, Inc. Key Employee Change of Control and Severance Benefit Plan, as amended and restated as of December 8, 2010, and as further modified by a letter agreement between Mr. Hrusovsky and the Company dated December 12, 2012. The Company and Mr. Hrusovsky entered into a Consulting Agreement (the “Agreement”) on May 10, 2013 whereby Mr. Hrusovsky will provide consulting services to the Company beginning on June 1, 2013 for a period of up to one year. Under the Agreement, Mr. Hrusovsky will work approximately 8 hours per week and be paid at a rate of $20,833 per month. Either party can terminate the Agreement on 30 days prior written notice.