Document:

exv10w48

Exhibit 10.48

THIS DEED OF AMENDMENT is made the 7th day of February 2006 BETWEEN APPLIED MATERIALS
IRELAND LIMITED whose registered office is situated at 1 Gardner House, Wilton Place, Dublin 2
(hereinafter called “the Company”) of the one part AND MERCER TRUSTEES LIMITED whose registered
office is situated at Oyster Point, Temple Road, Blackrock, Co. Dublin (hereinafter called “the
Trustees”) of the other part.

WHEREAS :

	(A)	 	This Deed is supplemental to a resolution of the Board of Directors of the Company passed on
the 31st day of May 1996 and a Trust Deed dated the 3rd day of July 1996 (hereinafter called
“the Deed”) with rules scheduled thereto (hereinafter called “the Rules”) whereby the Company
established ‘The Applied Materials Profit Sharing Scheme’ (hereinafter called “the Scheme”) as
an employees’ share scheme for approval by the Revenue Commissioners in accordance with
Chapter IX of Part 1 and the Third Schedule of the Finance Act 1982 now Chapter 1 of Part 17
and Schedule 11 of the Taxes Consolidation Act, 1997 (hereinafter called “the Act”) and;
	 
	(B)	 	The Trustees are the present trustees of the Scheme.
	 
	(C)	 	It is provided in Clause 20 of the Deed that the Company may with the concurrence of the
Trustees modify, alter, amend or extend all or any of the provisions of the Deed.
	 
	(D)	 	The Company with the concurrence of the Trustees is desirous of amending the Deed as
hereinafter provided.

NOW THIS DEED WITNESSETH as follows:

The parties hereto in pursuance of the aforesaid desire and in exercise of the power for this
purpose conferred upon them by the Trust Deed and of

 

 

every and any other power enabling them in this behalf HEREBY AMEND the Deed as follows:

	1.	 	Clause 20 of the Deed is hereby deleted and replaced with the following:
	 
	20(a)	 	THE Company with the consent of the Trustees such consent not to be unreasonably withheld
may at any time and from time to time modify, alter, amend or extend this Deed and/or the
Rules by deed supplemental hereto (such modification, alteration, amendment or extension being
referred to in this Clause as an “amendment”) provided that:

	 	(i)	 	no amendment shall alter to the disadvantage of a Participant his rights in
respect of any Scheme Shares appropriated before the date of such amendment without
his consent;
	 
	 	(ii)	 	no amendment shall be made which would or might infringe any rule against
perpetuities or which could result in the Scheme ceasing to be an employees’ share
scheme;
	 
	 	(iii)	 	no amendment shall take effect unless the written approval of the Revenue
Commissioners to the Scheme as amended thereby shall first have been obtained in
accordance with paragraph 5(2) of Schedule 11 to the Act.

	(b)	 	The Directors may, by resolution, subject to sub-paragraph (ii) of this Clause and without
otherwise obtaining the prior approval thereto of any other person but after consulting the
Trustees, modify or alter or amend the Scheme in any way which may be necessary in order to
secure the initial approval of the Scheme by the Revenue Commissioners under Chapter 1 of Part
17 and Schedule 11 to the Act or maintain the same.

	(c)	 	Any amendment made in accordance with the provisions of this Clause shall be binding upon all
persons from time to time interested in the

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	 	 	Scheme including any company which from time to time is or becomes bound by this Deed.

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IN WITNESS WHEREOF this Deed was duly executed by the parties hereto the day and year first above
written.

PRESENT when the Common Seal

of APPLIED MATERIALS IRELAND LIMITED

was affixed hereto:

	 	 	 
	/s/ Linda Richardson
 

	 	Director
	 
	 	 
	/s/ Brent Gammon
 

	 	Director/Secretary

PRESENT when the Common Seal

of MERCER TRUSTEES LIMITED

was affixed hereto:

	 	 	 
	/s/ Patrick Burke
 

	 	Director
	 
	 	 
	/s/ Tom Molloy
 

	 	Director

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Dated this 7th day of February 2006

APPLIED MATERIALS IRELAND LIMITED

one part

MERCER TRUSTEES LIMITED

other part

DEED OF AMENDMENT

THE APPLIED MATERIALS PROFIT SHARING SCHEMEexv10w49

Exhibit 10.49

THIS DEED OF AMENDMENT is made the 7th day of February 2006 BETWEEN APPLIED MATERIALS
IRELAND LIMITED whose registered office is situated at 1 Gardner House, Wilton Place, Dublin 2
(hereinafter called “the Company”) of the one part AND MERCER TRUSTEES LIMITED whose registered
office is situated at Oyster Point, Temple Road, Blackrock, Co. Dublin (hereinafter called “the
Trustees”) of the other part.

WHEREAS :

	(A)	 	This Deed is supplemental to:

	 	(i)	 	a resolution of the Board of Directors of the Company passed on the 31st
day of May 1996 and a Trust Deed dated the 3rd day of July 1996 (hereinafter called
“the Deed”) with rules scheduled thereto (hereinafter called “the Rules”) whereby the
the Company established ‘The Applied Materials Profit Sharing Scheme’ (hereinafter
called “the Scheme”) as an employees’ share scheme for approval by the Revenue
Commissioners in accordance with Chapter 1 of Part 17 and Schedule 11 of the Taxes
Consolidation Act, 1997 and;
	 
	 	(ii)	 	Deed of Amendment of even date whereby Clause 20 of the Deed was amended.

	(B)	 	The Trustees are the present trustees of the Scheme.
	 
	(C)	 	It is provided in Clause 20 of the Deed that the Company may with the consent of the Trustees
modify, alter, amend or extend all or any of the provisions of the Deed and/or the Rules.
	 
	(D)	 	The Company with the consent of the Trustees is desirous of amending the Deed and the Rules
as hereinafter provided.

 

 

NOW THIS DEED WITNESSETH as follows:-

The Company in pursuance of the aforesaid desire and in exercise of the power for this purpose
conferred upon it by the Deed and of every and any other power enabling it in this behalf and with
the consent of the Trustees HEREBY AMENDS the Deed and the Rules as follows:

	 	1.	 	With effect from the 1st day of December 2004 the definition of Eligible Employee in
Rule 1 of the Rules shall be deleted and replaced with the following:
	 
	 	 	 	“Eligible Employee” at any Cut-Off Date any person who

	 	(i) (A)	 	is or has been for at least 6 months ending on the preceding Cut-Off
Date an employee or full-time director of the Company; and

	 	   (B)	 	is chargeable to tax under Schedule E in respect of that office or
employment;

	 	    (ii)     	 	is any other employee of a Participating Company including a Director who
has a contract of employment with such a Participating Company and has been nominated
by the Directors for participation in the Scheme;

	 	 	 	Provided that such person is not ineligible to become a participant by virtue of the
provisions of Part 4, Schedule 11 of the Act.

IN WITNESS WHEREOF this Deed was duly executed by the parties hereto the day and year first above
written.

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PRESENT when the Common Seal

of APPLIED MATERIALS IRELAND LIMITED

was affixed hereto:

	 	 	 
	/s/ Linda Richardson
 

	 	Director
	 
	 	 
	/s/ Brent Gammon
 

	 	Director/Secretary

PRESENT when the Common Seal

of MERCER TRUSTEES LIMITED

was affixed hereto:

	 	 	 
	/s/ Patrick Burke
 

	 	Director
	 
	 	 
	/s/ Tom Molloy
 

	 	Director

- 3 -

 

Dated this 7th day of February 2006

APPLIED MATERIALS IRELAND LIMITED

one part

MERCER TRUSTEES LIMITED

other part

DEED OF AMENDMENT

THE APPLIED MATERIALS PROFIT SHARING SCHEMEexv10w50

Exhibit 10.50

AMENDMENT NO. 5 TO THE

APPLIED MATERIALS, INC.

EXECUTIVE DEFERRED COMPENSATION PLAN

     APPLIED MATERIALS, INC., having adopted the Applied Materials, Inc. Executive Deferred
Compensation Plan (the “Plan”) effective as of July 1, 1993, amended and restated the Plan in its
entirety effective as of April 1, 1995, and amended the restated Plan on four subsequent occasions,
hereby again amends the restated Plan as follows:

     1. Effective as of December 13, 2005, Section 7.2 is amended in its entirety to read as
follows:

     “7.2 Committee. The Plan shall be administered on behalf of the
Company by a Committee consisting of employees of the Company who hold the following
titles or positions (“Specified Positions”):

          (a) Corporate Controller;

          (b) Corporate Treasurer;

          (c) Appointed Vice President, Compensation and Benefits (the “VP, Comp &
Benefits”);

          (d) Senior Director, Treasury; and

          (e) Director, Global Benefits.

The VP, Comp & Benefits also may appoint to Committee membership one additional
employee of the Company. In no event, however, shall any member of the Committee be
an individual who reports directly to the Chief Executive Officer of the Company.
The VP, Comp & Benefits may remove the appointed member of the Committee at any time
and may fill any vacancy of appointed members of the Committee which exists.”

     2. Effective as of July 3, 2006, Section 7.2 (as amended by Paragraph 1 above) is further
amended by deleting subsection (d) thereof and substituting the following subsection (d) therefor:

          “(d) Managing Director, Treasury; and”.

 

 

     3. Effective as of December 13, 2006, Section 7.2 (as amended by Paragraphs 1 and 2 above) is
further amended by adding the following sentence immediately after the first sentence thereof:

“Notwithstanding the foregoing, if any member of the Committee who holds a Specified
Position (the “Prior Position”) is promoted such that he or she holds a higher title
or position within his or her same department or unit (the “Successor Position”),
the Successor Position shall replace the Prior Position as a Specified Position
under the Plan, except as otherwise may be determined by the VP, Comp & Benefits.”

     IN WITNESS WHEREOF, Applied Materials, Inc., by its duly authorized officer, has executed this
Amendment No. 5 to the restated Plan effective as of the dates specified above.

	 	 	 	 	 	 	 
	 	 	APPLIED MATERIALS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Robert Hartley	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title: V.P. Compensation and Benefits	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:
	 	2/27/07	 	 
	 

	 	 	 	 	 	 

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