Document:

Form of Restricted Stock Agreement

 Exhibit 10.17 
  
 Form of Restricted Stock Agreement between Varian, Inc. and Executive Officers 
 (used beginning November 8, 2007) 
  
 VARIAN, INC. 
 OMNIBUS STOCK PLAN 

 RESTRICTED STOCK AGREEMENT 
  
 Varian, Inc. (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Employee”), shares of Restricted Stock (the “Shares”) under the
Company’s Omnibus Stock Plan (the “Plan”). The date of this Agreement is [GRANT DATE] (the “Grant Date”). Subject to the provisions of Appendix A and of the Plan, the principal features of this grant are as follows:

  
 Total Number of Shares of Restricted
Stock: [NUMBER A] 
  

			
	 Scheduled Vesting Dates:

	 	 Number of Shares:

	[DATE]	 	[___% of NUMBER A]
	[DATE]	 	[___% of NUMBER A]
	[DATE]	 	[___% of NUMBER A]

  
 Your signature below indicates your
agreement and understanding that this grant is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and forfeiture of the Shares is contained in
Paragraphs 4 through 6 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT. 
  

											
	VARIAN, INC.	 	 	 	EMPLOYEE	 	 
					
	By:	 	 	 	 	 	 	 	 
						
	 Name:
	 	 A. W. Homan
	 	 	 	 Name:
	 	 	 	 
						
	 Title:
	 	Secretary	 	 	 	 Home Address:
	 	 	 	 
					
	 	 	 	 	 	 	 	 	 

 APPENDIX A 
 TERMS AND CONDITIONS OF RESTRICTED STOCK 
  
 1. Grant of Restricted Stock. The Company hereby grants to the Employee under the Plan, for past services and as a separate incentive in connection with his or her employment and not in lieu of any
salary or other compensation for his or her services, an award of [NUMBER A] Shares of Restricted Stock, on the terms and conditions set forth in this Agreement and the Plan. By accepting this award of Restricted Stock, the par value of each Share
of Restricted Stock will be deemed paid by the Employee by past services rendered by the Employee, and will be subject to the appropriate tax withholdings. 
  
 2. Shares Held in Escrow. Unless and until the Shares of Restricted Stock vest in the manner set forth in Paragraphs 3, 4 or 5, the
Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise disposed of, and shall not be pledged or otherwise
hypothecated. The Company may instruct the transfer agent for its common stock to place a legend on the certificates representing the Shares or otherwise note its records as to the restrictions on transfer set forth in this Agreement and the Plan.
The certificate or certificates representing the Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and conditions in this Agreement have been satisfied. 
  
 3. Number of Shares; Changes in Stock. The number and class of
Shares specified in Paragraph 1 above are subject to adjustment by the Committee in the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, Share combination or other change in the
corporate structure of the Company affecting the Shares. In the event of any such merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, Share combination, or other change in the corporate
structure of the Company affecting the Shares, by virtue of which the Employee shall, in his or her capacity as owner of unvested Shares awarded to him or her under this Agreement (the “Prior Shares”), be entitled to new or additional or
different shares of stock or securities (other than rights or warrants to purchase securities), such new or additional or different shares or securities shall thereupon be considered to be unvested Shares of Restricted Stock and shall be subject to
all of the conditions and restrictions which were applicable to the Prior Shares pursuant to this Agreement and the Plan. If the Employee receives rights or warrants with respect to any Prior Shares, such rights or warrants may be held or exercised
by the Employee, provided that until such exercise any such rights or warrants and after such exercise any shares or other securities acquired by the exercise of such rights or warrants shall be considered to be unvested Shares of Restricted Stock
and shall be subject to all of the conditions and restrictions which were applicable to the Prior Shares pursuant to the Plan and this Agreement. The Committee in its absolute discretion at any time may accelerate the vesting of all or any portion
of such new or additional shares of stock or securities, rights or warrants to purchase securities or shares or other securities acquired by the exercise of such rights or warrants. 
  
 4. Vesting Schedule. Except as otherwise provided in this Agreement, the Shares will vest as to thirty-three
and one-third percent (33-1/3%) of the Shares specified in Paragraph 1 above on the first anniversary date of the Grant Date, and as to an additional thirty-three and one-third percent (33-1/3%) on each succeeding anniversary date, until the right
to exercise this option shall have vested with respect to one hundred percent (100%) of such Shares. On any scheduled vesting date, vesting actually will occur only if the Employee has been continuously employed by the Company or an Affiliate
from the Grant Date until such scheduled vesting date. Notwithstanding the foregoing, in the event of the Employee’s Termination of Service due to death or Disability or Retirement (as defined pursuant to the Company’s or other employing
Affiliate’s retirement policies as they may be established from time to time), if the vesting of any of the Shares specified in Paragraph 1 had not yet vested, then such unvested Shares will vest as follows: 
  
 (a) if the Employee’s death, Disability or Retirement occurs before the
first anniversary of the Grant Date, the following the number of Shares shall then vest: the pro rata number of Shares determined by multiplying (i) the total number of Shares specified in Paragraph 1 by (ii) the percentage determined by
dividing the number of full fiscal quarters elapsed following the Grant Date to the date of the Employee’s death, Disability or Retirement by 4; or 
  

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 (b) if the Employee’s death, Disability or Retirement occurs on or after the first anniversary of
the Grant Date, all of such unvested Shares shall then vest. 
  
 5. Forfeiture. Except as expressly provided in Paragraph 4, and notwithstanding any contrary provision of this Agreement, the balance of the Shares which have not vested at the time of the Employee’s Termination of
Service shall thereupon be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. The Employee hereby appoints the Escrow Agent with full power of substitution, as the Employee’s true and lawful
attorney-in-fact with irrevocable power and authority in the name and on behalf of the Employee to take any action and execute all documents and instruments, including, without limitation, stock powers which may be necessary to transfer the
certificate or certificates evidencing such unvested Shares to the Company upon such Termination of Service. 
  
 6. Death of Employee. In the event that the Employee dies while in the employ of the Company and/or an Affiliate or prior to delivery of any
Shares that vested prior to Employee’s death, any distribution or delivery under this Agreement shall be made to the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit
beneficiary designations, to the administrator or executor of the Employees’ estate. Any designation of a beneficiary by the Employee shall be effective only if such designation is made in a form and manner acceptable to the Committee. Any
transferee must furnish the Company with (a) written notice of his or her status as transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to
such transfer, and (c) written acceptance of the terms and conditions of this grant as set forth in this Agreement. 
  
 7. Payment of Taxes. The Company or the employing Affiliate will withhold a portion of the Shares that have an aggregate market value
sufficient to pay federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or the employing Affiliate with respect to the Shares, unless the Company, in its sole discretion, requires the
Employee to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising of any withholding obligations. The number of Shares withheld pursuant to the foregoing sentence will be rounded up to the
nearest whole Share, with no refund to the Employee for any value of the Shares withheld in excess of the tax obligation as a result of such rounding. Notwithstanding any contrary provision of this Agreement, no Shares will be delivered to the
Employee unless and until satisfactory arrangements (as determined by the Company) have been made by the Employee with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to
such Shares. In addition and to the maximum extent permitted by law, the Company or the employing Affiliate has the right to retain without notice from salary or other amounts payable to the Employee, cash having a sufficient value to satisfy
any tax withholding obligations that the Company determines cannot be satisfied through the withholding of otherwise deliverable Shares. All income and other taxes related to the Shares are the sole responsibility of the Employee. 

 
 8. Rights as Stockholder. Neither the Employee nor any
person claiming under or through the Employee shall have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares shall have been issued,
recorded on the records of the Company or its transfer agents or registrars, and delivered to the Escrow 

  

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Agent or the Employee. Except as provided in Paragraph 11, after such issuance, recordation and delivery, the Employee shall have all the rights of a
stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
  
 9. No Effect on Service. The Employee’s employment with the Company and its Affiliates is on an at-will basis only. Accordingly,
subject to any written, express employment agreement with the Employee, nothing in this Agreement or the Plan shall confer upon the Employee any right to continue to be employed by the Company or any Affiliate or shall interfere with or restrict in
any way the rights of the Company or the Affiliate, which are hereby expressly reserved, to terminate the employment of the Employee at any time for any reason whatsoever, with or without good cause. Such reservation of rights can be modified only
in an express written contract executed by a duly authorized officer of the Company or the Affiliate employing or otherwise engaging the Employee. For purposes of this Agreement, the transfer of the employment of the Employee between the Company and
any one of its Affiliates (or between Affiliates) shall not be deemed a Termination of Service. Nothing herein contained shall affect the Employee’s right to participate in and receive benefits under and in accordance with the then current
provisions of any pension, insurance or other employee welfare plan or program of the Company or any Affiliate. 
  
 10. Address for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care
of its Secretary, at 3120 Hansen Way, Palo Alto, California 94304, or at such other address as the Company may hereafter designate in writing. 
  
 11. Grant is Not Transferable. Except as otherwise expressly provided herein, this grant and the rights and privileges conferred hereby may
not be transferred, pledged, assigned or otherwise hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, pledge, assign,
hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately shall
become null and void. 
  
 12. Binding Agreement.
Subject to the limitation on the transferability of this grant contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

 
 13. Conditions for Issuance of Certificates. The Shares
deliverable to the Employee may be either previously authorized but unissued shares or issued shares which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for the Shares prior to
fulfillment of all the following conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; and (b) the completion of any registration or other qualification of such Shares
under any State or Federal law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and
(c) the obtaining of any approval or other clearance from any State or Federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period
of time following the Grant Date as the Committee may establish from time to time for reasons of administrative convenience. 
  
 14. Plan Governs. This Agreement is subject to all of the terms and provisions of the Plan. In the event of a conflict between one or more
provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms and phrases used and not defined in this Agreement shall have the meanings set forth in the Plan. 
  

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 15. Committee Authority. The Committee shall have all discretion, power, and authority to
interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith. All actions taken and all interpretations and determinations made by the Committee in good
faith shall be final and binding upon the Employee, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Agreement. 
  
 16. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without reference to its principles of conflicts of law. 
  
 17. Captions. The captions provided herein are for convenience
only and are not to serve as a basis for the interpretation or construction of this Agreement. 
  
 18. Agreement Severable. In the event that any provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall
not be construed to have any effect on, the remaining provisions of this Agreement. 
  
 19. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee expressly warrants that he or she is not executing this
Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the
Company. 
  
 o 0 o 
  

 5Description of Certain Compensatory Arrangements

 Exhibit 10.28 
 DESCRIPTION OF CERTAIN COMPENSATORY ARRANGEMENTS 
 BETWEEN VARIAN S.P.A. AND SERGIO PIRAS

 Sergio Piras, Senior Vice President, Vacuum Technologies, is employed by and serves as Managing Director of the Company’s
wholly-owned subsidiary in Italy, Varian S.p.A., working from its facility in Torino, Italy. Due to his position with Varian S.p.A., Mr. Piras is classified as an “Industrial Dirigenti” (an industry executive) – as are certain
other senior managers at Varian S.p.A. – and therefore subject to a national collective labor agreement for all industrial dirigenti in Italy (the “CCNL”). The CCNL mandates that certain compensatory arrangements and benefits be
provided to dirigenti working for industrial companies in Italy, which arrangements and benefits may be different from what is provided to non-dirigenti employees. Following is a summary of the compensatory arrangements and benefits provided to
Mr. Piras under the CCNL: 
  

	 	•	 	 The CCNL mandates a supplementary defined contribution retirement plan for industrial dirigenti, referred to as the Previndai Plan. Attached to this Exhibit 10.28
is a summary translation from Italian of the Previndai Plan rules. Under the CCNL and Previndai Plan, Mr. Piras is required to contribute to the Plan an amount equal to approximately 4% of his base salary and variable compensation (up to a
maximum of €6,000), most of which is on a tax-deferred basis, which contribution the Company is required to match. Mr. Piras may elect to contribute up to an additional 2% of his base salary and variable compensation (on an after-tax
basis). The Plan is administered by third-parties (appointed by Previndai’s governing board), and Mr. Piras chooses from available investment options how to invest his and the Company’s contributions to his Plan account.
Mr. Piras may receive distributions from his Plan account only after his employment with the Company terminates and he ceases any other employment (i.e., he fully “retires”). 

 Under Italian law, the Company is also required (under a government-mandated program, referred to as “TFR”, applicable to all Italy employees)
to accrue and eventually pay to Mr. Piras a lump-sum amount when his employment terminates (regardless of the reason for that termination). The annual amount required to be accrued for Mr. Piras’ TFR is equal to his annual base salary
plus annual cash bonus divided by 13.5. Under Italian law, Mr. Piras may elect to transfer all or a portion of his TFR entitlement to his Previndai Plan account. 
  

	 	•	 	 The CCNL mandates that certain medical, life and disability insurance benefits be provided to industrial dirigenti. These benefits are (1) private group
“dirigenti” medical coverage that reimburses Mr. Piras for approximately 60% of the costs of private medical care incurred by him or his dependants, subject to certain maximum reimbursements, with Mr. Piras paying a portion of
the premium for this coverage; (2) supplemental group medical insurance that reimburses Mr. Piras for costs of private medical care incurred by him or his dependants to the extent not reimbursed under the basic private group medical
insurance; (3) accidental death or disability insurance that would pay amounts equal to 

	 	 
five times annual base salary in the event of Mr. Piras’ death and six times annual base salary in the event of his total permanent disability;
(4) basic life insurance that would pay approximately Euros 180,759 in the event of Mr. Piras’ death or total permanent disability; and (5) supplemental life insurance that would pay approximately Euros 16,240 in the event of
Mr. Piras death or total permanent disability. 

  

	 	•	 	 The CCNL mandates that industrial dirigenti be paid supplemental per diem compensation of Euros 75 for business travel to the extent exceeding 12 hours in a day.

  

	 	•	 	 The CCNL mandates that an industrial dirigenti be paid certain severance in the event of a voluntary termination of the dirigenti’s employment under certain
circumstances. In the case of Mr. Piras, this amount is equal to 12 months of Mr. Piras’ base salary, which amount would be required to be paid to Mr. Piras in lieu of 12 months’ notice of termination of his employment by
the Company. Mr. Piras may claim that a termination of his employment by the Company is “unjustified” and petition an Italian labor court or arbitration panel to therefore order the Company to pay him an additional amount ranging from
14 months to 22 months of his base salary plus monthly variable compensation. 

  

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 TRANSLATION OF PREVINDAI PLAN RULES 
 (as of June 28, 2007) 
 Article 1 – General Provisions 
  

	1.	These regulations, adopted in application of By-Laws article 11, contain the rules for running the Social Insurance Fund with Capitalization for Executives of Industrial Companies
(PREVINDAI) – Pension Fund, hereinafter the “Fund”, established in application of the trade-union agreement dated 3 October 1989 and conforming to subsequent agreements made between the contracting parties, currently
Confindustria and Federmanager; it conforms to the provisions of legislative decree 5 December 2005, no. 252 and subsequent amendments – hereinafter the “Decree” – and to the Ministry of Economy and Finance Decree dated
10 May 2007 no. 62 on the adaptation of pre-existing funds as well as the consequent Covip Directive dated 23 May 2007. 

  

	2.	The rules contained in these Regulations apply to Fund subscribers. 

 Article 2 – Executive Subscription 
  

	1.	Subscription occurs through the employer who also subscribes it, committing them both to the Fund, also for the effects of article 4, paragraph 1; this is done on forms prepared by
the Fund or a document with corresponding content and must be preceded by the delivery of the By-laws and the informative documents set out in the current regulations; the executive also effects the initial sector option at this time.

  

	2.	The subscription also has effect for the purpose of By-laws article 4, paragraph 5. 

  

	3.	Upon subscription the Fund verifies the existence of the requirements for participation. 

  

	4.	The explicit subscriber is responsible for the completeness and truth of the information supplied to the Fund. 

 Article 3 – Formal Fulfilments of Companies 
  

	1.	In the event that a person who is not yet a member of the Fund is appointed or hired as an executive, the industrial companies and other parties referred to in by-laws article 4,
paragraph 3, must communicate said person’s personal data if they adhere to the Fund. 

  

	2.	The communications mentioned in the previous point must be made in accordance with the procedures and terms established by the Board of Directors and supplied with any item
considered necessary by the latter. 

  

	3.	Again following the procedures and terms established by the Board of Directors, industrial companies must also, and in any case, notify the Fund of every case where the working
relationship is terminated with an executive who has subscribed to the Fund. 

  

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	4.	Where subscription occurs through the tacit conferment of the Severance Indemnity (TFR), the Fund shall notify the subscriber, on the basis of data supplied by the employer, that
subscription has occurred together with the information necessary to allow the latter to exercise his/her rights. 

 Article 4 –
Payment of Contributions 
  

	 1.
	 The payment of contributions owed to the Fund according to the provisions of By-laws article 14, must be made by the
company quarterly as well as, the part owed by the executive after social security tax is deducted from his/her pay, by the 20th day of the month following the quarter to which the pay refers and upon which the social security
contributions are calculated, barring deferment to the first useful working day, even if it falls on a local holiday or in the event it coincides with a Saturday or a national week-day holiday. The quarterly periods always start on the first day of
January, April, July and October. 

  

	2.	When paying contributions companies must provide the Fund, or the organization appointed by it, with lists of names indicating the contributions corresponding to each executive and
any other necessary item, clearly showing the Severance Indemnity sum for each quarter, as a share or as a whole, allocated to complementary social security on the basis of the current regulations. 

  

	3.	The procedures for the payment of contributions and filling in and transmission of the lists of names are established by the Board of Directors. 

  

	4.	In the event of bankruptcy, deed of arrangement, compulsory administration liquidation and other insolvency procedures, and in general any time it is considered, on the basis of an
examination of each individual situation, that the credit contribution cannot be recovered as a whole or in part, the Fund’s Board of Directors shall be able to accept, from the executive who requests it, the payment of the contributions due,
even for the part due from the company, as well as any interests in arrears, with the simultaneous subrogation of the executive in the credit rights of the Fund pursuant to civil code article 1202, with the exception of the operativeness of the Fund
referred to in legislative decree no. 80/92. 

  

	5.	The subscriber may voluntarily continue to pay contributions to the Fund, determining the size of the contribution and also exceeding the retirement age provided for in the
compulsory pension system, on the condition that on the retirement date s/he has accumulated at least a year’s worth of contributions to the supplementary social insurance schemes. The Board of Directors governs the procedures and terms for the
payment of said contribution to the Fund. 

  

 4 

 Article 5 – Leave of Absence 
  

	1.	During periods of absence for any reason, the obligation to contribute to the Fund is limited to periods in which the executive continues to receive his/her pay from the subscriber
company. 

 Article 6 – Acquisition of the Provision Established at Another Fund 
  

	1.	In the event that an executive comes from another company where a fund or similar institution referred to under By-laws article 4, paragraph 3, first sentence is active, and from
which transfer is allowed, as well as in the other cases of exercising the right to transfer the position to the Fund provided for by Decree article 14, the Fund, upon the request of the concerned party, acquires, for every effect, the
executive’s accrued social security position and provides for the social security benefits pursuant to the conditions set out in the By-laws and these Regulations. Upon transfer from other funds, the subscriber can allocate the transferred
position, breaking it down into more than one sector, according to the provision referred to in By-laws article 8, paragraph 2, letter i), and in compliance with any management restrictions of the original fund. 

  

	2.	The same regulations apply to the collective transfer of positions formed within funds or similar institutions referred to in the aforementioned By-laws article 4, paragraph 3,
first sentence, except for managerial restrictions or restrictions of a different nature connected to the transfer operation. 

 Article 7
– Management of Resources 
  

	1.	With regard to the management of resources, the Fund can use agreements of both a financial and insurance nature, provided that their content is adequately publicized.

  

	2.	For the purpose of allocating the current overall contribution to the various sectors, paid under article 4, and/or of all or part of the already accrued position, the subscriber
exercises the option between activated sectors, in compliance with the time limits referred to in article 3; the Board of Directors sets the minimum shares to be allocated to each sector, pursuant to By-laws article 8, paragraph 2, letter i).

  

	3.	In the event that no sector(s) has been chosen when explicit subscription occurs, or under the circumstances referred to in the previous article 6, the contribution, maintaining
crediting to the single position, remains available to the Fund during the questioning procedure period, whose methods and duration are established by the Board of Directors, maintaining the maximum limit of three months; if this time limit expires
to no effect, the contribution shall be automatically allocated to the insurance sector, with the options effects as set out in the next paragraph. The remaining explicitly conferred Severance Indemnity (TFR) shall be allocated on the basis of the
option already made in relation to the contribution. 

  

 5 

	4.	At least a year must pass between the options referred to in this article. The new allocation shall be made in the technical timescale that also arises from the agreements provided
for each sector, according to the procedures established by the Board of Directors. 

  

	5.	For the purpose of total redemption, transfer to another fund and benefits, reference is made to the overall position. In the case of an advance and partial redemption on the split
position, the subscriber must state the sectors from which to draw the sums. 

  

	6.	In relation to subscribers that have allocated the accrued position to a sector(s) different to the allocation of the current contributions, the Board of Directors may establish, at
the expense of the position(s) not increased by new contributions, a sum to share in the management costs, in relation to the greater managerial complexity of the overall position. 

  

	7.	The terms and methods for the payment of premiums to the insurance Companies and for the transfer of resources to managers are established by the Board of Directors of the Fund upon
signing the respective agreements. 

 Article 8 – Termination of the Working Relationship 
  

	1.	In the event that the working relationship is terminated for reasons other than unexpected permanent total disability or death and before the requirements for settling the legal
corresponding pension benefits become due, the executive – maintaining the rights referred to in the following articles 9 and 11 – may keep the provisions already made up until that moment at the Fund; s/he shall have the right to the
benefits, according to the conditions provided for in the By-laws and these Regulations, upon attainment of the aforementioned requirements. 

  

	2.	In the event the position referred to in the previous paragraph is maintained for over two years, the Board of Directors can establish, at the expense of the position of the
concerned party, a sum to share in the management costs. 

 Article 9 – Transfer of the Position 
  

	1.	In the event the subscriber loses the requirements for participating in Previndai, the member may transfer the accrued individual position to another supplementary pension scheme
that she/he is eligible for in relation to new employment activity. 

  

	2.	The subscriber, in keeping with the requirements for participation in the Fund, may transfer the accrued individual position to another supplementary pension scheme after a minimum
period of two years of participating in the Fund. 

  

	3.	In said aforementioned events, Previndai must satisfy the request within six months of the exercised option, defining the size of the position to transfer on the basis of the
correct financial and actuarial criteria. 

  

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 Article 10 – Advance Loans 
  

	1.	The subscriber may obtain an advance from the accrued individual position in the following cases and limits: 

  

	 	a.	at any time: a sum of no more than 75 per cent, for health costs arising from serious situations relating to said subscriber, his/her spouse or children, for care and special
operations admitted by the relevant public organizations; 

  

	 	b.	after 8 years of subscription: a sum of no more than 75 per cent to buy a first house for said subscriber or his/her children, or to carry out ordinary, extraordinary,
restoration, conservative renovation and building works on the first house as provided for under letters a), b), c) and d) of paragraph 1, article 3 of Presidential Decree 6 June 2001, no. 380. For the latter case, the administrative documents
and costs to transmit are those set out in the provisions of article 1, paragraph 3 of law 449/97; 

  

	 	c.	after 8 years of subscription: a sum of no more than 30 per cent to satisfy his/her additional needs. 

  

	2.	In the event of an advance to purchase a first house, a provisional payout is allowed prior to the public Notary deed upon presentation of the preliminary sale contract by public
deed or private authenticated agreement, with the obligation to repay the sum if the concerned party has not produced an authenticated copy of the notary purchase deed within nine months from the payout. For the implementation of these regulatory
rules the Board adopts the necessary current regulations. 

  

	3.	The overall sums received as advances may not exceed 75 per cent of the accrued individual position, increased by the advances received and not reinstated.

  

	4.	In order to determine the seniority necessary to exercise the right to take out an advance, all the subscriber’s periods of membership of accrued supplementary pension schemes
are taken into account, for which the same has not exercised the right to total redemption of the individual position. 

  

	5.	The subscriber may choose to reinstate sums received as advance loans at any time according to the procedures established by the Board of Directors. 

  

	6.	The advances referred to in paragraph 1 letter a) are subject to the same transfer, attachment and distraint limits valid for compulsory social security institutions pensions.

  

	7.	The Fund provides for the fulfilments arising from the exercising of the aforementioned right by the member, promptly and in any case within the maximum time limit of three months
from the request on the basis of health receipts relating to health costs, and six months from the date of receiving the request, for the others; the sum available is that which ensues in the first useful days of valorization of the pertaining
sectors following the day on which the Fund has verified that the conditions exist for the right to be exercised. 

  

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	8.	The provisions that specify the cases and regulate the operative procedures on advance loans are set out in a specially prepared document. 

  

	9.	The transfer of the individual position involves the termination of participation in the Fund. 

 Article 11 – Redemption 
  

	1.	The member who no longer has the requirements for participation in the Fund before retirement may: 

  

	 	a.	Redeem 50 per cent of the accrued individual position, in the event that working activity is terminated involving unemployment for a period of time no less than 12 months and
no longer than 48 months, or in the event of the employer’s recourse to mobility procedures and the ordinary or extraordinary temporary unemployment compensation; 

  

	 	b.	redeem the entire accrued individual position in the event of permanent disability that involves the reduction in the capacity to work to less than a third, or following the
termination of working activity involving unemployment for a period of time longer than 48 months. However, redemption is not allowed if such events occur within the five-year period prior to the accrual of the requirements of access to the
supplementary pension benefits; in that case the provisions of By-laws article 18, paragraph 4 apply. 

  

	 	c.	redeem the entire accrued individual position pursuant to article 14, paragraph 5 of the Decree in the event of the loss of requirements necessary for participation in Previndai,
and if the conditions for exercising the rights of transfer referred to in Decree article 14, paragraph 2, letter (a) do not occur within a year; for the purpose of the exercising of said right, the executive must submit the request together
with the liability declaration of non-participation in other forms of supplementary pension schemes. 

  

	2.	Subscribers who attain the right to compulsory retirement and actually exercise it, terminating the working relationship without having matured the right to the supplementary
pension benefits of the Fund, are immediately attributed the right to redemption of the entire individual position. 

  

	3.	In the event of the death of the subscriber before the accrual of the pension benefits right, the regulation set out in article 18, paragraph 6 of the By-laws is applied.

  

	4.	No other forms of redemption of the position are provided for other than those cases stated above. 

  

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	5.	The terms of fulfilment at the expense of the Fund are those referred to in article 10, paragraph 7. 

  

	6.	Total redemption involves the termination of participation in the Fund. 

 Article 12 – Benefits Request 
  

	1.	The executive subscriber, whose working relationship has been terminated and who, possessing the requirements for the recognition of the pension by law, has submitted the relative
request, must send a special application to the Fund in order to obtain the overall social security benefits due. A special request must likewise be submitted by the executive referred to in By-laws article 18, paragraph 4 as well as by the
executive subscriber’s survivors for the relevant social security benefits. 

  

	2.	At the same time the request is made, the executive must expressly indicate if s/he intends to request the conversion of the life annuity into the corresponding capital, in
conformity with and within the limits provided for by By-laws article 18, paragraph 5, and obtain the reversibility of the benefits, appointing a beneficiary of it. 

  

	3.	The social security benefit due shall be paid within the time limit set by the Board of Directors of the Fund. The Board of Directors, in relation to specific needs, is entitled to
adopt particular measures, including the adoption of a longer time limit than that generally set, and starting from the payment of the last contribution to the Fund. 

  

	4.	The Board of Directors shall likewise establish terms and procedures for filing the social security benefits request, as well as time intervals, methods and procedures for the
attainment of the latter. 

 Article 13 – Beneficiaries of Reversibility 
  

	1.	The beneficiary of the reversibility benefit for the effects of By-laws article 18, second paragraph is the person designated by the executive at the time of the request for social
security benefits referred to in article 12 of these Regulations. 

 Article 14 – Final and Transitional Provision 
  

	1.	These Regulations come into force with immediate effect, with the exception of the continued operativeness of prior regulations in order to govern situations that already exist on
the date these Regulations come into effect. 

  

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