Document:

FORM OF RESTRICTED STOCK AGREEMENT

 Exhibit 10.2 
  
 VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC. 
 RESTRICTED STOCK AGREEMENT 
  
 Varian Semiconductor Equipment Associates, Inc. (the “Company”) hereby grants you,
                     (the “Employee”), Restricted Stock under the Company’s Omnibus Stock Plan (the “Plan”). The
Restricted Stock granted hereunder consists of shares of common stock of the Company (“Shares”). The date of this Agreement is [·] (the
“Grant Date”). Subject to the provisions of Appendix A (attached) and of the Plan, the Restricted Stock shall vest as follows: 
  
 Total Number of Shares of Restricted Stock: 
  

			
	 Scheduled Vesting Dates:

	  	 Number of Shares

	 [1 YEAR FROM GRANT DATE]
	  	 
		
	 [1 YEAR AND 1 QUARTER FROM GRANT DATE]
	  	 
		
	 [1 YEAR AND 2 QUARTERS FROM GRANT DATE]
	  	 
		
	 [1 YEAR AND 3 QUARTERS FROM GRANT DATE]
	  	 
		
	 [2 YEARS FROM GRANT DATE]
	  	 
		
	 [2 YEARS AND 1 QUARTER FROM GRANT DATE]
	  	 
		
	 [2 YEARS AND 2 QUARTERS FROM GRANT DATE]
	  	 
		
	 [2 YEARS AND 3 QUARTERS FROM GRANT DATE]
	  	 
		
	 [3 YEARS FROM GRANT DATE]
	  	 
		
	 [3 YEARS AND 1 QUARTER FROM GRANT DATE]
	  	 
		
	 [3 YEARS AND 2 QUARTERS FROM GRANT DATE]
	  	 
		
	 [3 YEARS AND 3 QUARTERS FROM GRANT DATE]
	  	 
		
	 [4 YEARS FROM GRANT DATE]
	  	 

 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. PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. 
  

							
	 VARIAN SEMICONDUCTOR EQUIPMENT
 ASSOCIATES, INC.
	  	 	 	EMPLOYEE
				
	 By:
	 	  

	  	 	 	  

	 	 	 Title:
	  	 	 	 

  

 2 

 APPENDIX A 
  
 TERMS AND CONDITIONS OF RESTRICTED STOCK 
  
 1. Grant. 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 [·] Shares of Restricted Stock on the date
hereof, subject to all of the terms and conditions in this Agreement and the Plan. 
  
 2. Shares Held in Escrow. Unless and until the Shares of Restricted Stock shall have vested in the manner set forth in Paragraphs 3 or 4, such 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 Restricted Stock or otherwise note in its records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing such 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. Vesting Schedule. Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement
shall vest as to twenty-five percent (25%) of such Shares on the first anniversary of the date of this Award, and as to an additional six and one-quarter percent (6.25%) each succeeding quarter, until one hundred percent (100%) of such Shares shall
have been vested. Shares of Restricted Stock shall not vest in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the
date such vesting is deemed to have occurred. In addition, the unvested Shares of Restricted Stock shall be subject to acceleration to the extent, and subject to the terms and conditions, set forth in Section [4(a)(iii)] of that certain [Amended and
Restated Change in Control Agreement] dated                      between the Company and the Employee. 
  
 4. Committee Discretion. The Committee, in its absolute discretion,
may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Shares of Restricted Stock at any time. If so accelerated, such Shares shall be considered as having vested as of the date specified by the Committee.

  
 5. Forfeiture. Except as provided in Paragraph 4, and
notwithstanding any contrary provision of this Agreement, the balance of the Shares of Restricted Stock 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. 
  

 3 

 6. Death of Employee. Any distribution or delivery to be made to the Employee under this Agreement
shall, if the Employee is then deceased, 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
Employee’s 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, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 
  
 7. Withholding of Taxes. Notwithstanding any contrary provision of this Agreement, no certificate representing
Restricted Stock may be released from the escrow established pursuant to Paragraph 2 unless and until the Employee shall have delivered to the Company or its designated Affiliate the full amount of any federal, state and local income or other taxes
which the Company or such Affiliate may be required by law to withhold with respect to such Shares. The Employee may elect to satisfy any such income tax withholding requirement by having the Company withhold Shares of Common Stock otherwise
deliverable to the Employee or by delivering to the Company already-owned Shares of Common Stock, subject to the absolute discretion of the Committee to disallow satisfaction of such withholding by the delivery or withholding of stock. If the
Employee fails to remit to the Company such withholding amount within the time period specified by the Committee (in its discretion), the award may be forfeited and in such case the Employee shall not receive any of the Shares subject to this
Agreement. 
  
 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 Employee or the Escrow Agent. Except as provided in Paragraph 10, 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 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. 
  

 4 

 10. Changes in Stock. In the event that as a result of a stock dividend, stock split,
reclassification, recapitalization, combination of Shares or the adjustment in capital stock of the Company or otherwise, or as a result of a merger, consolidation, spin-off or other reorganization, the Company’s Common Stock shall be
increased, reduced or otherwise changed, and by virtue of any such change the Employee shall in his or her capacity as owner of unvested Shares of Restricted Stock which have been awarded to him or her (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 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 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. 
  
 11. 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 35 Dory Road, Gloucester, Massachusetts 01930, or at such other address as the Company may hereafter designate in writing. 
  
 12. Grant is Not Transferable. Except as provided in Paragraph 6 above, this grant and the rights and privileges
conferred hereby shall not be transferred, assigned, pledged or 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, assign,
pledge, 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. 
  
 13. 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. 
  
 14. Conditions for Issuance of Certificates for
Stock. The Shares of stock 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 Shares of stock hereunder 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 
  

 5 

 absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time
following the date of grant of the Restricted Stock as the Committee may establish from time to time for reasons of administrative convenience. 
  
 15. Plan Governs. This Agreement is subject to all 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 used and not defined in this Agreement shall have the meaning set forth in the Plan. 
  
 16. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware, without reference to its principles of conflicts of law. 
  
 17. Committee Authority. The Committee shall have the power 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 and to interpret or revoke any such rules. 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. 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. In its
absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan and this Agreement. 
  

18. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this
Agreement. 
  
 19. 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.

  
 20. 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. 
  

 6FORM OF CHANGE IN CONTROL AGREEMENT

 Exhibit 10.3 
  
 FORM OF CHANGE IN CONTROL AGREEMENT FOR CHIEF EXECUTIVE 
 OFFICER AND CHAIRMAN OF THE BOARD 
  
 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. 

  

 1 

 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 or Disability or is for Cause (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. 
  
 (c) If Employee’s employment shall be terminated by the Company for Cause 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. 
  

 2 

 (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. 
  

 3 

 “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. 
  
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 
  
 “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 
  

 4 

 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 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. 
  
 (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 or for Cause, or if Employee terminates Employee’s employment for any 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 2.99 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 the highest “Target Award” to date under the Management Incentive Plan in the event the date of termination is prior to commencement of the Company’s
             fiscal year; it being further agreed and understood that the Company shall be responsible for payment of any taxes due on such payments under this Section 4(a)(i).

  

 5 

 (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. 
  

(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. 
  

 6 

 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. 
  
 “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 
  

 7 

 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 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 
  

 8 

 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. 
  
 (b) While employed by the Company and following the termination of such employment (other than a termination of employment by the Company other than for Cause) for a period of two (2) years, Employee shall not:

  
 (i) 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; or 
  
 (ii) without the prior written
consent of the Protected Party, in any geographic area in which the Protected Party is then conducting business, directly or indirectly own an interest in, manage, operate, join, control, lend money or render financial or other assistance to or
participate in or be connected with, as an officer, employee, partner, stockholder, consultant or otherwise, any individual, partnership, firm, corporation or other business organization or entity that is engaged in any business in which the
Protected Party is actively engaged at the time; provided, however, that the restrictions in this Section 6(b)(ii) shall not apply to (A) any non-employee directorships held by Employee as of the date hereof or (B) ownership by Employee for
personal investment purposes only of not in excess of 1% of the voting stock of any publicly held corporation. 
  
 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 
  

 9 

 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 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. 
  

 10 

 (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. 
  
 (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. 
  

 11 

 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:
	 	 	  	 

  

 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]