FORM OF CHANGE IN CONTROL AGREEMENT



 Exhibit 10.4 
  
 FORM OF CHANGE IN CONTROL AGREEMENT 
 FOR CHIEF FINANCIAL OFFICER 
  
 AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT 
  
 THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (“Agreement”) is entered into effective as of             , by and between VARIAN
SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC., a Delaware corporation (the “Company”)1, and
                    , an employee of the Company (“Employee”). 
  
 The Company’s Board of Directors (the “Board”) has determined that it is in the best interest of the Company
and its stockholders for the Company to agree to pay Employee termination compensation in the event Employee should leave the employ of the Company under the circumstances described below. The Board recognizes that the possibility of a proposal from
a third person, whether or not solicited by the Company, concerning a possible “Change in Control” of the Company (as such language is defined in Section 3(d)) will be unsettling to Employee. Therefore, the arrangements set forth in this
Agreement are being made to help assure a continuing dedication by Employee to Employee’s duties to the Company notwithstanding the proposal or occurrence of a Change in Control. The Board believes it imperative, should the Company receive any
proposal from a third party, that Employee, without being influenced by the uncertainties of Employee’s own situation, be able to assess and advise the Board whether such proposals are in the best interest of the Company and its stockholders,
and to enable Employee to take action regarding such proposals as the Board might determine to be appropriate. The Board also wishes to demonstrate to key personnel that the Company desires to enhance management relations and its ability to retain
and, if needed, to attract new management, and intends to ensure that loyal and dedicated management personnel are treated fairly. 
  
 In view of the foregoing, the Company and Employee agree as follows: 
  
 1. EFFECTIVE DATE AND TERM OF AGREEMENT. 
  
 This Agreement is effective and binding on the Company and Employee as of
the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date. 


	1	“Company” shall include the Company, any successor to the Company’s business and/or assets, and any party which executes and delivers the agreement
required by Section 6(e) or which otherwise becomes bound by the terms and conditions of this Agreement by operation of law or otherwise. 

  

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 2. EMPLOYMENT OF EMPLOYEE. 
  
 (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this
Agreement shall affect any right which Employee may otherwise have to terminate Employee’s employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee’s employment at any time in any
lawful manner. 
  
 (b) In the event of a Potential Change in
Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee’s regular duties and the services specified in the recitals of this
Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. 
  
 (c) If Employee’s employment terminates on or after the Change in
Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. 
  
 (d) If Employee’s employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date,
then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee’s termination of employment neither (i) was at the request of a third party who has
taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4
under the circumstances described in this Section 2(d), Employee’s date of termination shall be deemed to be the Change in Control Date. 
  
 3. TERMINATION FOLLOWING CHANGE IN CONTROL. 
  
 (a) If a Change in Control shall have occurred, Employee shall be entitled to the benefits provided in Section 4 upon the
subsequent termination of Employee’s employment within the applicable period set forth in Section 4 unless such termination is due to Employee’s death, Retirement or Disability or is for Cause or is effected by Employee other than for Good
Reason (as such terms are defined in Section 3(d)). 
  
 (b) If
following a Change in Control, Employee’s employment is terminated by reason of Employee’s death or Disability, Employee shall be entitled to death or long-term disability benefits from the Company no less favorable than the most favorable
benefits to which Employee would have been entitled had the death or Disability occurred at any time during the period commencing one (1) year prior to the Change in Control. 
  

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 (c) If Employee’s employment shall be terminated by the Company for Cause or by Employee other than
for Good Reason during the term of this Agreement, the Company shall pay Employee’s Base Salary through the date of termination at the rate in effect at the time notice of termination is given, and the Company shall have no further obligations
to Employee under this Agreement. 
  
 (d) For purposes of this
Agreement: 
  
 “Base Salary” shall mean the annual base
salary paid to Employee immediately prior to a Change in Control, provided that such amount shall in no event be less than the annual base salary paid to Employee during the one (1) year period immediately prior to the Change in Control. 

 
 A “Change in Control” shall be deemed to have occurred if:

  
 (i) Any individual or group constituting a
“person,” as such term is used in Sections 13(d) and 14(d)(2) of the Exchange Act (other than (A) the Company or any of its subsidiaries or (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company
or of any of its subsidiaries), is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing thirty percent (30%) or more of the combined voting power of the Company’s outstanding securities then
entitled ordinarily (and apart from rights accruing under special circumstances) to vote for the election of directors; or 
  
 (ii) Continuing Directors cease to constitute at least a majority of the Board; or 
  
 (iii) there occurs a reorganization, merger, consolidation or other corporate transaction involving the Company (a
“Transaction”), in each case with respect to which the stockholders of the Company immediately prior to such Transaction do not, immediately after the Transaction, own more than 50% of the combined voting power of the Company or other
corporation resulting from such Transaction; or 
  
 (iv) all or
substantially all of the assets of the Company are sold, liquidated or distributed; 
  
 provided, however, that a “Change in Control” shall not be deemed to have occurred under this Agreement if, prior to the occurrence of a specified event that would otherwise constitute a Change in Control hereunder, the
disinterested Continuing Directors then in office, by a majority vote thereof, determine that the occurrence of such specified event shall not be deemed to be a Change in Control with respect to Employee hereunder if the Change in Control results
from actions or events in which Employee is a participant in a capacity other than solely as an officer, employee or director of the Company. 
  
 “Change in Control Date” shall mean the date on which a Change in Control occurs. 
  

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 “Cause” shall mean: 
  
 (i) The continued willful failure of Employee to perform Employee’s duties to the Company (other than any such failure
resulting from Employee’s incapacity due to physical or mental illness) after written notice thereof (specifying the particulars thereof in reasonable detail) and a reasonable opportunity to be heard and cure such failure are given to Employee
by the Board or a committee thereof; or 
  
 (ii) The willful
commission by Employee of a wrongful act that caused or was reasonably likely to cause substantial damage to the Company, or an act of fraud in the performance of Employee’s duties on behalf of the Company; or 
  
 (iii) The conviction of Employee for commission of a felony in connection
with the performance of Employee’s duties on behalf of the Company; or 
  
 (iv) The order of a federal or state regulatory authority having jurisdiction over the Company or its operations or by a court of competent jurisdiction requiring the termination of Employee’s employment by the
Company. 
  
 “Continuing Directors” shall mean the
directors of the Company in office on the date hereof and any successor to any such director who was nominated or selected by a majority of the Continuing Directors in office at the time of the director’s nomination or selection and who is not
an “affiliate” or “associate” (as defined in Regulation 12B under the Exchange Act) of any person who is the beneficial owner, directly or indirectly, of securities representing ten percent (10%) or more of the combined voting
power of the Company’s outstanding securities then entitled ordinarily to vote for the election of directors. 
  
 “Disability” shall mean Employee’s incapacity due to physical or mental illness such that Employee shall have become qualified to receive
benefits under the Company’s long-term disability plan as in effect on the date of the Change in Control. 
  
 “Dispute” shall mean, in the case of termination of Employee’s employment for Disability or Cause, that Employee challenges the existence
of Disability or Cause, and in the case of termination of Employee’s employment for Good Reason, that the Company challenges the existence of Good Reason for termination of Employee’s employment. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
  
 “Equivalent Position” shall mean an
employment position that: 
  
 (i) is in a substantive area of
competence (e.g., finance, accounting, legal, operations management or human resources) that is consistent with Employee’s experience and not materially different from the substantive area of competence of Employee’s position with the
Company prior to the Change in Control; 
  

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 (ii) requires that Employee serve in a role and perform duties that are functionally equivalent to the
role and duties performed by Employee for the Company prior to the Change in Control; 
  
 (iii) carries a title that does not connote a lesser rank or corporate role than is connoted by Employee’s title with the Company prior to the Change in Control; 
  
 (iv) does not constitute a material, adverse change in Employee’s
responsibilities or duties, when compare to Employee’s responsibilities or duties with the Company prior to the Change in Control; 
  
 (v) requires that Employee be deemed an executive officer (for purposes of the rules promulgated under Section 16 of the Securities Exchange Act of 1934)
of a publicly-traded successor entity having net assets or annual revenues that are no less than those of the Company prior to the Change in Control; and 
  
 (vi) has Employee reporting directly to the Chief Executive Officer of the combined or acquiring company. 
  
 “Good Reason” shall mean: 
  
 (i) The assignment to Employee of a position, title, responsibilities or
duties such that he no longer holds an Equivalent Position; or 
  
 (ii) A reduction of Employee’s total compensation as the same may have been increased from time to time after the Change in Control Date other than (A) a reduction implemented with the consent of Employee or (B) a reduction that is
generally comparable (proportionately) to compensation reductions imposed on senior executives of the Company generally; or 
  
 (iii) The failure to provide to Employee the benefits and perquisites, including participation on a comparable basis in the Company’s stock option,
incentive, and other similar plans in which employees of the Company of comparable title and salary grade participate, as were provided to Employee immediately prior to a Change in Control, or with a package of benefits and perquisites that are
substantially comparable in all material respects to such benefits and perquisites provided prior to the Change in Control; or 
  

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 (iv) The relocation of the office of the Company where Employee is employed immediately prior to the
Change in Control Date (the “CIC Location”) to a location which is more than 50 miles away from the CIC Location or the Company’s requiring Employee to be based more than 50 miles away from the CIC Location (except for required travel
on the Company’s business to an extent substantially consistent with Employee’s customary business travel obligations in the ordinary course of business prior to the Change in Control Date); 
  
 (v) The failure of the Company to obtain promptly upon any Change in Control
the express written assumption of an agreement to perform this Agreement by any successor as contemplated in Section 6(e); or 
  
 (vi) The attempted termination of Employee’s employment for Cause on grounds insufficient to constitute a basis of termination for Cause under this
Agreement; or 
  
 (vii) The failure of the Company to promptly
make any payment into escrow when so required by Section 3(f). 
  
 “Potential Change in Control” shall mean the earliest to occur of (a) the execution of an agreement or letter of intent, the consummation of the transactions described in which would result in a Change in Control, (b) the approval
by the Board of a transaction or series of transactions, the consummation of which would result in a Change in Control, or (c) the public announcement of a tender offer for the Company’s voting stock, the completion of which would result in a
Change in Control; provided, that no such event shall be a “Potential Change in Control” unless (i) in the case of any agreement or letter of intent described in clause (a), the transaction described therein is subsequently
consummated by the Company and the other party or parties to such agreement or letter of intent and thereupon constitutes a “Change in Control”, (ii) in the case of any Board-approved transaction described in clause (b), the transaction so
approved is subsequently consummated and thereupon constitutes a “Change in Control” or (iii) in the case of any tender offer described in clause (c), such tender offer is subsequently completed and such completion thereupon constitutes a
“Change in Control”. 
  
 “Potential Change in
Control Date” shall mean the date on which a Potential Change in Control occurs. 
  
 “Retirement” shall mean Employee’s actual retirement after reaching the normal or early retirement date provided for in the Company’s Retirement and Profit-Sharing Program as in effect on the date
of Employee’s termination of employment. 
  
 (e) Any
termination of employment by the Company or by Employee shall be communicated by written notice, specify the date of termination, state the specific basis for termination and set forth in reasonable detail the facts and circumstances of the
termination in order to provide a basis for determining the entitlement to any payments under this Agreement. 
  

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 (f) If within thirty (30) days after notice of termination is given, the party to whom the notice was
given notifies the other party that a Dispute exists, the parties will promptly pursue resolution of such Dispute with reasonable diligence; provided, however, that pending resolution of any such Dispute, the Company shall pay 75% of any
amounts which would otherwise be due Employee pursuant to Section 4 if such Dispute did not exist into escrow pending resolution of such Dispute and pay 25% of such amounts to Employee. Employee agrees to return to the Company any such amounts to
which it is ultimately determined that he is not entitled. 
  
 4. PAYMENTS AND BENEFITS UPON TERMINATION. 
  
 (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee’s employment other than by reason of Employee’s death, Disability, Retirement or for Cause, or if Employee
terminates Employee’s employment for Good Reason, then the Employee shall be entitled to the following payments and benefits: 
  
 (i) The Company shall pay to Employee as compensation for services rendered, no later than five (5) business days following the date of termination, a
lump sum severance payment equal to 2.50 multiplied by the sum of (A) Employee’s Base Salary, (B) the highest annual bonus that was paid to Employee in any of the three fiscal years ending prior to the date of termination under the
Company’s Management Incentive Plan (the “MIP”) or Varian Associates, Inc.’s Management Incentive Plan, and (C) the highest cash bonus for a performance period of more than one fiscal year that was paid to Employee in any of the
three fiscal years ending prior to the date of termination under the MIP; it being agreed and understood that each of the amounts determined pursuant to clauses (B) and (C) of this Section 4(a) (i) shall be deemed to be not less than his highest
“Target Award” to date under the Management Incentive Plan in the event the date of termination is prior to the commencement of the Company’s      fiscal year; and it being further agreed and understood that
the Company shall be responsible for payment of any taxes due on any such payments under this Section 4 (a) (i). 
  
 (ii) The Company shall pay to Employee as compensation for services rendered, no later than five (5) business days following the date of termination, a
lump sum payment equal to a pro rata portion (based on the number of days elapsed during the fiscal year and/or other bonus performance period in which the termination occurs) of Employee’s target bonus under the MIP for the fiscal year and for
any other partially completed bonus performance period in which the termination occurs. 
  
 (iii) All waiting periods for the exercise of any stock options granted to Employee and all conditions or restrictions of any restricted stock granted to Employee shall terminate, and all such options shall be
exercisable in full according to their terms and shall remain exercisable until the expiration of ten (10) years from the Grant Date, but not longer than the original Expiration Date (as such terms are defined in the applicable option agreements),
and the restricted stock shall be transferred to Employee as soon as reasonably practicable thereafter. 
  

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 (iv) Employee’s participation as of the date of termination in the life, medical/dental/vision and
disability insurance plans and financial/tax counseling plan of the Company shall be continued on the same terms (including any cost sharing) as if Employee were an employee of the Company (or equivalent benefits provided) until the earlier of
Employee’s commencement of substantially equivalent full-time employment with a new employer or twenty-four (24) months after the date of termination; provided, however, that after the date of termination, Employee shall no longer be
entitled to receive Company-paid executive physicals or, upon expiration of the applicable memberships, Company-paid airline memberships. In the event Employee shall die before the expiration of the period during which the Company is required to
continue Employee’s participation in such insurance plans, the participation of Employee’s surviving spouse and family in the Company’s insurance plans shall continue throughout such period. 
  
 (v) Employee may elect upon termination to purchase any automobile then in
the possession of Employee and subject to a lease of which the Company is the lessor by payment to the Company of the residual value set forth in the lease, without any increase for remaining lease payments during the term or other lease breakage
costs. Employee may elect to have any such payment deducted from any payments due the Employee hereunder. 
  
 (vi) All payments and benefits provided under this Agreement shall be subject to applicable tax withholding. 
  
 (b) Following Employee’s termination of employment for any reason, the
Company shall have the unconditional right to reduce any payments owed to Employee hereunder by the amount of any due and unpaid principal and interest on any loans by the Company to Employee and Employee hereby agrees and consents to such right on
the part of the Company. 
  
 5. GROSS-UP
PAYMENT. 
  
 (a) Notwithstanding anything herein to the
contrary, if it is determined that any Payment would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties with respect to such excise tax (such
excise tax, together with any interest or penalties thereon, is herein referred to as an “Excise Tax”), then Employee shall be entitled to an additional payment (a “Gross-Up Payment”) in an amount that will place Employee in the
same after-tax economic position that Employee would have enjoyed if the Excise Tax had not applied to the Payment. The amount of the Gross-Up Payment shall be determined by a nationally-recognized independent public accounting firm designated by
agreement between Employee and the Company (the “Accounting Firm”). No Gross-Up Payments shall be payable hereunder if the Accounting Firm determines that the Payments are not subject to an Excise Tax. 
  

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 “Payment” means (i) any amount due or paid to Employee under this Agreement, (ii) any amount
that is due or paid to Employee under any plan, program or arrangement of the Company and its subsidiaries and (iii) any amount or benefit that is due or payable to Employee under this Agreement or under any plan, program or arrangement of the
Company and its subsidiaries not otherwise covered under clause (i) or (ii) hereof which must reasonably be taken into account under Section 280G of the Code in determining the amount the “parachute payments” received by Employee,
including, without limitation, any amounts which must be taken into account under Section 280G of the Code as a result of (A) the acceleration of the vesting of any option, restricted stock or other equity award, (B) the acceleration of the time at
which any payment or benefit is receivable by Employee or (C) any contingent severance or other amounts that are payable to Employee. 
  
 (b) Subject to the provisions of Section 5(c), all determinations required under this Section 5, including whether a Gross-Up Payment is required, the
amount of the Payments constituting excess parachute payments, and the amount of the Gross-Up Payment, shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to Employee and the Company within fifteen days of
the date reasonably requested by Employee or the Company on which a determination under this Section 5 is necessary or advisable. The Company shall pay to Employee the initial Gross-Up Payment within 5 days of the receipt by Employee and the Company
of the determination of the Accounting Firm. If the Accounting Firm determines that no Excise Tax is payable by Employee, the Company shall cause its accountants to provide Employee with an opinion that the Accounting Firm has substantial authority
under the Code not to report an Excise Tax on Employee’s federal income tax return. Any determination by the Accounting Firm shall be binding upon Employee and the Company. If the initial Gross-Up Payment is insufficient to cover the amount of
the Excise Tax that is ultimately determined to be owing by Employee with respect to any Payment (hereinafter an “Underpayment”), the Company, after exhausting its remedies under Section 5(c) below, shall promptly pay to Employee an
additional Gross-Up Payment in respect of the Underpayment. 
  
 (c) Employee shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of a Gross-Up Payment. Such notice shall be given as soon as practicable after
Employee knows of such claim and shall apprise the Company of the nature of the claim and the date on which the claim is requested to be paid. Employee agrees not to pay the claim until the expiration of the thirty (30) day period following the date
on which Employee notifies the Company, or such shorter period ending on the date the Taxes with respect to such claim are due (the “Notice Period”). If the Company notifies Employee in writing prior to the expiration of the Notice Period
that it desires to contest the claim, Employee shall: (i) give the Company any information reasonably requested by the Company relating to the claim; (ii) take such action in connection with the claim as the Company may reasonably request,
including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company and reasonably acceptable to Employee; (iii) cooperate with the Company in good faith in contesting the claim;
and (iv) permit the Company to participate in any proceedings relating to the claim. Employee shall permit the 
  

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 Company to control all proceedings related to the claim and, at its option, permit the Company to pursue or forgo any and
all administrative appeals, proceedings, hearings, and conferences with the taxing authority in respect of such claim. If requested by the Company, Employee agrees either to pay the tax claimed and sue for a refund or contest the claim in any
permissible manner and to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts as the Company shall determine; provided, however, that, if the
Company directs Employee to pay such claim and pursue a refund, the Company shall advance the amount of such payment to Employee on an after-tax and interest-free basis (an “Advance”). The Company’s control of the contest related to
the claim shall be limited to the issues related to the Gross-Up Payment and Employee shall be entitled to settle or contest, as the case may be, any other issues raised by the Internal Revenue Service or other taxing authority. If the Company does
not notify Employee in writing prior to the end of the Notice Period of its desire to contest the claim, the Company shall pay to Employee an additional Gross-Up Payment in respect of the excess parachute payments that are the subject of the claim,
and Employee agrees to pay the amount of the Excise Tax that is the subject of the claim to the applicable taxing authority in accordance with applicable law. 
  

(d) If, after receipt by Employee of an Advance, Employee becomes entitled to a refund with respect to the claim to which such Advance relates,
Employee shall pay the Company the amount of the refund (together with any interest paid or credited thereon after Taxes applicable thereto). If, after receipt by Employee of an Advance, a determination is made that Employee shall not be entitled to
any refund with respect to the claim and the Company does not promptly notify Employee of its intent to contest the denial of refund, then the amount of the Advance shall not be required to be repaid by Employee and the amount thereof shall offset
the amount of the additional Gross-Up Payment then owing to Employee. 
  
 (e) The Company shall indemnify Employee and hold Employee harmless, on an after-tax basis, from any costs, expenses, penalties, fines, interest or other liabilities (“Losses”) incurred by Employee with respect to the exercise by
the Company of any of its rights under this Section 5, including, without limitation, any Losses related to the Company’s decision to contest a claim or any imputed income to Employee resulting from any Advance or action taken on
Employee’s behalf by the Company hereunder. The Company shall pay all legal fees and expenses incurred under this Section 5, and shall promptly reimburse Employee for the reasonable expenses incurred by Employee in connection with any actions
taken by the Company or required to be taken by Employee hereunder. The Company shall also pay all of the fees and expenses of the Accounting Firm, including, without limitation, the fees and expenses related to the opinion referred to in Section
5(b). 
  
 6. GENERAL. 
  
 (a) Employee shall retain in confidence under the conditions of the
Company’s confidentiality agreement with Employee any proprietary or other confidential information known to Employee concerning the Company and its business so long as such information is not publicly disclosed and disclosure is not required
by an order of any governmental body or court. If required, Employee shall return to the Company any memoranda, documents or other materials proprietary to the Company. 
  

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 (b) While employed by the Company and following the termination of such employment (other than a
termination of employment by Employee for Good Reason or by the Company other than for Cause) for a period of two (2) years, Employee shall not, whether for Employee’s own account or for the account of any other individual, partnership, firm,
corporation or other business organization, intentionally solicit, endeavor to entice away from the Company or a subsidiary of the Company (each, a “Protected Party”), or otherwise interfere with the relationship of a Protected Party with,
any person who is employed by a Protected Party or any person or entity who is, or was within the then most recent twelve (12) month period, a customer or client of a Protected Party. 
  
 Employee acknowledges that a breach of any of the covenants contained in this Section 6(b) may result in material
irreparable injury to the Company for which there is no adequate remedy at law, that it may not be possible to measure damages for such injuries precisely and that, in the event of such a breach, any payments remaining under the terms of this
Agreement shall cease and the Company may be entitled to obtain a temporary restraining order and/or a preliminary or permanent injunction restraining Employee from engaging in activities prohibited by this Section 6(b) or such other relief as may
be required to specifically enforce any of the covenants in this Section 6(b). Employee agrees to and hereby does submit to in personam jurisdiction before each and every such court in the State of California, County of Santa Clara, for that
purpose. This Section 6(b) shall survive any termination of this Agreement. 
  
 (c) If litigation is brought by Employee to enforce or interpret any provision contained in this Agreement, the Company shall indemnify Employee for Employee’s reasonable attorney’s fees and disbursements
incurred in such litigation and pay prejudgment interest on any money judgment obtained by Employee calculated at the prime rate of interest in effect from time to time at the Bank of America, San Francisco, from the date that payment should have
been made under the Agreement, provided that Employee shall not have been found by the court in which such litigation is pending to have had no cause in bringing the action, or to have acted in bad faith, which finding must be final with the time to
appeal therefrom having expired and no appeal having been taken. 
  
 (d) Except as provided in Section 4, the Company’s obligation to pay to Employee the compensation and to make the arrangements provided in this Agreement shall be absolute and unconditional and shall not be affected by any
circumstance, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against Employee or anyone else. All amounts payable by the Company hereunder shall be paid without notice or
demand. Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment. 
  
 (e) The Company shall require any successor, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of
the business and/or assets of the 
  

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 Company, by written agreement to expressly assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession had taken place. 
  
 (f) This Agreement shall inure to the benefit of and be enforceable by Employee’s heirs, successors and assigns. If Employee should die while any amounts would still be payable to Employee hereunder if Employee
had continued to live, all such amounts shall be paid in accordance with the terms of this Agreement to Employee’s heirs, successors and assigns. 
  
 (g) For the purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to
have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	     If to Employee:
	 	 If to the Company:

		
	 	 	 Varian Semiconductor Equipment

	 	 	 Associates, Inc.

	 	 	 35 Dory Road

	 	 	 Gloucester, MA 01930

	 	 	 Attn: Vice President, Human Resources


  
 or to such other address as either
party furnishes to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  
 (h) This Agreement shall constitute the entire agreement between Employee and the Company concerning the subject matter of this Agreement. 
  
 (i) The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the State of California without giving effect to the provisions, principles or policies thereof relating to choice or conflict of laws. The invalidity or unenforceability of any provision of this Agreement
in any circumstance shall not affect the validity or enforceability of such provision in any other circumstance or the validity or enforceability of any other provision of this Agreement, and, except to the extent such provision is invalid or
unenforceable, this Agreement shall remain in full force and effect. Any provision in this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or
unenforceability without invalidating or affecting the remaining provisions hereof in such jurisdiction, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. This Section 6(i) shall survive any termination of this Agreement. 
  

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 (j) This Agreement may be terminated by the Company pursuant to a resolution adopted by the Board at any
time prior to a Potential Change in Control Date. After a Change in Control Date or a Potential Change in Control Date, this Agreement may only be terminated with the consent of Employee. 
  
 (k) No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not expressly set forth in this Agreement and this Agreement shall supersede all prior agreements, negotiations, correspondence, undertakings and communications of the parties, oral or written, with respect to the
subject matter hereof including, without limitation, the Amended and Restated Change in Control Agreement between Employee and Varian Associates, Inc. 
  
 (l) In the event that the Company becomes party to a transaction that is intended to qualify for “pooling of interests” accounting treatment
and, but for one or more of the provisions of this Agreement would so qualify, then this Agreement shall be interpreted so as to preserve such accounting treatment, and to the extent that any provision of this Agreement would disqualify the
transaction from pooling of interests accounting treatment, then such provision shall be null and void. All determinations to be made in connection with the preceding sentence shall be made by the independent accounting firm whose opinion with
respect to “pooling of interests” treatment is required as a condition to the Company’s consummation of such transaction. 
  
 IN WITNESS WHEREOF, the parties acknowledge that they have read and understand the terms of this Agreement and have executed this Agreement to be
effective as of             . 
  

					
	 VARIAN SEMICONDUCTOR EQUIPMENT
 ASSOCIATES, INC.
	 	 	 	                 EMPLOYEE

			
	  

	 	 	 	

	 By:
	 	 	 	 
	 Title:
	 	 	 	 

  

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