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Exhibit 10.32    
    

  

September 4,
2007 

William
A. Tomeo 

Dear
Bill: 

        We
are very pleased to extend an offer to you to join Veeco Instruments Inc. ("Veeco" or the "Company") as Executive Vice President, Worldwide Sales and Service, reporting to John
Peeler, Chief Executive Officer. In this capacity, you will be responsible for the worldwide bookings and revenue plan for all Veeco products and services. 

        The
elements of our offer are as follows: 

	•
	Your
bi-weekly base salary will be $13,461.54, which equates to an annual salary of $350,000.

	•
	You
will participate in a performance-based annual management bonus plan. Your target bonus will be 37% of your base earnings for the plan year (January 1 through
December 31). Amounts payable under the plan will be pro-rated to reflect your actual start date for your first year of service.

	•
	You
will also participate in a sales incentive plan, with an annualized target opportunity of $135,000, the details of which will be provided under separate cover. Amounts
payable under the plan will be pro-rated to reflect your actual start date for your first year of service.

	•
	You
will be granted, under the Veeco 2000 Stock Incentive Plan, effective upon your first day of employment (the "Grant Date"):

	•
	A
restricted stock award in the amount of 30,000 shares of Veeco Common Stock. The restrictions on these shares will lapse with respect to one third of the total award on
each of the first three anniversaries of the Grant Date.

	•
	A
stock option award to purchase 40,000 shares of Veeco Common Stock. One third of these options shall become exercisable on each of the first three anniversaries of the
Grant Date.

	•
	In
2008, subject to your continued employment, you will be granted, on the same date as annual awards are generally made to other employees ("2008 Grant Date"):

	•
	A
restricted stock award in the amount of 15,000 shares of Veeco Common Stock. The restrictions on these shares will lapse with respect to one third of the total award on
each of the first three anniversaries of the 2008 Grant Date.

	•
	A
stock option award to purchase 15,000 shares of Veeco Common Stock. One third of these options shall become exercisable on each of the first three anniversaries of the
2008 Grant Date.

	•
	You
will participate in a cash-based, long-term incentive plan. Your target bonus for this plan will be 40% of your annual base salary, adjusted for
partial service in your first year of employment. Awards payable under this plan will be earned over a three-year period based on the achievement of performance metrics.

	•
	You
will receive a monthly car allowance of $700 and you will accrue vacation at the rate of three weeks per year. 

 

	•
	You
will receive a sign-on bonus in the gross amount of $200,000, payable in the first regular payroll following thirty (30) days after your start date.
If your employment is terminated by the Company for Cause or by you without Good Reason (as each of those terms are defined in Annex A, attached hereto) prior to the second anniversary of your
start date, you agree to reimburse the Company for the full amount of the sign-on bonus.

	•
	In
connection with your employment, Veeco will provide you with the separation benefits described in Annex A, attached hereto. These include, among other things, the
following benefits upon your termination without Cause or resignation with Good Reason:

	•
	A
one (1) year salary continuation severance benefit;

	•
	Company-subsidized
continuation of health insurance benefits under COBRA for up to one (1) year; and

	•
	Extended
stock option exercise rights for the duration of the severance period, not to exceed the expiration date of the option. 

Receipt
of these benefits would be conditioned on your execution of a waiver and release, in a form satisfactory to Veeco, at the time of termination, which would contain non-competition,
non-solicitation and similar provisions. 

        Our
offer of employment is contingent upon completing certain background, credit, drug screening and citizenship verifications. As with all of our employees, your employment is "at will"
and may be terminated at any time by you or Veeco. The benefits described above are subject to your continued employment with Veeco and to required federal, state and local withholding, as
appropriate. 

        This
letter constitutes all the terms of our offer of employment and supersedes all previous communication. This offer will expire on September 10, 2007. 

        Bill,
we are very impressed with your potential for success and we look forward to having you join the Veeco team at a most exciting time in the history of the Company. 

Sincerely,

	 
	 	 

	/s/  ROBERT W. BRADSHAW      
	 	 
	

Robert W. Bradshaw
 Sr. Vice President, Human Resources	
 	

 

ACCEPTED
AND AGREED: 

	 
	 	 

	/s/  WILLIAM A. TOMEO      
 William A. Tomeo	 	
 Proposed Start Date

Attachment:
Annex A—Separation Benefits (2 pages) 

2

 
 
 

Annex A    
    

 
 

Separation Benefits    
    

        In the event you are terminated without "Cause" or you resign for "Good Reason" (each as defined below), the following would apply: 

	a)
	Veeco
will pay you 12 months severance in the form of a salary continuation benefit based on your annual base salary in effect immediately prior to such termination (but without
regard to any salary reduction program then in place), less applicable deductions.

	b)
	If
you are enrolled in Veeco's medical, dental and/or vision plans, and you elect to continue coverage thereunder in accordance with the continuation of benefits requirements of COBRA,
your contribution amount for the period during which you are receiving salary continuation benefits will be the normal employee contribution rate. You agree to notify Veeco if you become eligible for
coverage under another group health insurance plan, whereupon Veeco's obligation to pay for a portion of such coverage shall cease.

	c)
	Any
options to purchase shares of Veeco common stock granted to you on or after the date hereof ("Options") which are held by you as of the date of such termination shall remain
exercisable until the earlier of (x) 12 months following the date of such termination and (y) the expiration of the original term of such Options.

	d)
	In
addition, if such termination or resignation occurs within 12 months following a "Change of Control" (as defined below), any Options which are held by you as of the date of
such termination that were not vested as of such date shall become immediately and fully vested as of such date. 

        Receipt
of the benefits described above is conditioned upon your execution (without revocation) of a general release of claims in a form satisfactory to Veeco, including
non-competition and non-solicitation provisions for the duration of the period during which salary continuation benefits are payable as described above. 

 
 

Additional Provisions    
    

        The Separation Benefits described herein do not alter the "at-will" nature of your employment with Veeco. This means that your employment may be
terminated by you or by Veeco at any time, with or without cause. As described above, however, you may be entitled to severance benefits depending upon the circumstances of the termination of
employment. 

As
used above, the following definitions shall apply: 

        "Cause" shall mean (i) your willful and substantial misconduct, (ii) your repeated, after written notice, neglect of duties
or failure to perform your assigned duties, (iii) your commission of any material fraudulent act with respect to Veeco or its business, or (iv) your conviction of (or plea of no contest
to) a crime constituting a felony. 

        "Change of Control" shall mean: (a) any person or group of persons becomes the beneficial owner of securities representing
50 percent or more of Veeco's outstanding voting securities, or (b) the approval by Veeco's stockholders of one of the following: 

	(i)
	Any
merger or statutory plan of exchange ("Merger") in which Veeco would not be the surviving corporation or pursuant to which Veeco's voting securities would be
converted into cash, securities or other property, other than a Merger in which the holders of Veeco's voting 

3

 

securities
immediately prior to the Merger have the same proportionate ownership of voting securities of the surviving corporation after the Merger; 

	(ii)
	Any
Merger in which the holders of outstanding voting securities of Veeco prior to such Merger will not, in the aggregate, own a majority of the outstanding voting
securities of the combined entity after such Merger; or

	(iii)
	Any
sale or other transfer (in one transaction or a series of related transactions) of all or substantially all of the Veeco's assets or the adoption of any plan or
proposal for Veeco's liquidation or dissolution. 

        "Good Reason" shall mean a reduction of your base salary, other than as part of a salary reduction program affecting management employees
generally. 

4

QuickLinks

Exhibit 10.32

Annex A

Separation Benefits

Additional ProvisionsQuickLinks
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Exhibit 10.33    
    

  

January 11,
2008 

Mark
R. Munch 

Dear
Mark: 

        We
are very pleased to extend an offer to you to join Veeco Instruments Inc. ("Veeco" or the "Company") as Executive Vice President and General Manager, Metrology and
Instrumentation, reporting to John Peeler, Chief Executive Officer. In this capacity, you will be responsible for the management of Veeco's Metrology and Instrumentation Group, with headquarters in
Santa Barbara, California and operating locations in Tucson, Arizona and Camarillo, California. 

        The
elements of our offer are as follows: 

	•
	Your
bi-weekly base salary will be $12,692.31, which equates to an annual salary of $330,000.

	•
	You
will participate in a performance-based annual management bonus plan. Your target bonus will be 60% of your base earnings for the plan year (January 1 through
December 31). Amounts payable under the plan will be pro-rated to reflect your actual start date for your first year of service.

	•
	You
will be granted, under the Veeco 2000 Stock Incentive Plan, effective upon your first day of employment (the "Grant Date"):

	•
	A
restricted stock award in the amount of 40,000 shares of Veeco Common Stock. The restrictions on these shares will lapse over four years, with one third of the total award
vesting on each anniversary of the Grant Date, beginning with the second anniversary.

	•
	A
stock option award to purchase 40,000 shares of Veeco Common Stock. One third of these options shall become exercisable on each of the first three anniversaries of the
Grant Date.

	•
	In
2009, subject to your continued employment, you will be eligible for the following grants, made on the same date as annual awards are generally made to other employees
("2009 Grant Date"):

	•
	A
restricted stock award in the amount of 15,000 shares of Veeco Common Stock. The restrictions on these shares will lapse over four years, with one third of the total award
on vesting on each anniversary of the Grant Date, beginning with the second anniversary.

	•
	A
stock option award to purchase 15,000 shares of Veeco Common Stock. One third of these options shall become exercisable on each of the first three anniversaries of the
2009 Grant Date.

	•
	You
will receive a monthly car allowance of $700 and you will accrue vacation at the rate of three weeks per year.

	•
	You
will receive a sign-on bonus in the gross amount of $40,000, payable in the first regular payroll following ninety (90) days after your start date. If
your employment is terminated by the Company for Cause or by you without Good Reason (as each of those terms are defined in Annex A, attached hereto) prior to the second anniversary of your
start date, you agree to reimburse the Company for the full amount of the sign-on bonus. 

 

	•
	In
lieu of relocation benefits, we are pleased to provide you with the following assistance:

	•
	A
Housing Allowance to cover actual living expenses in the Santa Barbara area of up to $2,500/month with the understanding that initially the Allowance will cover hotel
accommodations and the expectation that, within a reasonable period of time, you will transition to an apartment, rental house or other similar arrangement.

	•
	The
actual cost of round-trip air transportation between your home in the Bay Area and our offices in Santa Barbara.

	•
	Amounts
incurred in connection with the Housing Allowance and air transportation described above shall be imputed to you as income and grossed up for tax on a quarterly
basis.

	•
	In
connection with your employment, Veeco will provide you with the separation benefits described in Annex A, attached hereto. These include, among other things, the
following benefits upon your termination without Cause or resignation with Good Reason:

	•
	A
one (1) year salary continuation severance benefit;

	•
	Company-subsidized
continuation of health insurance benefits under COBRA for up to one (1) year; and

	•
	Extended
stock option exercise rights for the duration of the severance period, not to exceed the expiration date of the option. 

Receipt
of these benefits would be conditioned on your execution of a waiver and release, in a form satisfactory to Veeco, at the time of termination, which would contain non-competition,
non-solicitation and similar provisions. 

        Our
offer of employment is contingent upon completing certain background, reference, credit, drug screening and citizenship verifications. As with all of our employees, your employment
is "at will" and may be terminated at any time by you or Veeco. The benefits described above are subject to your continued employment with Veeco and to required federal, state and local withholding,
as appropriate. 

        This
letter constitutes all the terms of our offer of employment and supersedes all previous communication. This offer will expire on January 18, 2008. 

        Mark,
we are very impressed with your potential for success and we look forward to having you join the Veeco team at a most exciting time in the history of the Company. 

Sincerely,

	 
	 	 

	/s/  ROBERT W. BRADSHAW      
	 	 
	

Robert W. Bradshaw
 Sr. Vice President, Human Resources	
 	

 

ACCEPTED
AND AGREED: 

	 
	 	 

	/s/  MARK MUNCH      
 Mark Munch	 	
 Proposed Start Date

Attachment:
Annex A—Separation Benefits (2 pages) 

2

 
 
 

Annex A    
    

 
 

Separation Benefits    
    

        In the event you are terminated without "Cause" or you resign for "Good Reason" (each as defined below), the following would apply: 

	a)
	Veeco
will pay you 12 months severance in the form of a salary continuation benefit based on your annual base salary in effect immediately prior to such termination (but without
regard to any salary reduction program then in place), less applicable deductions.

	b)
	If
you are enrolled in Veeco's medical, dental and/or vision plans, and you elect to continue coverage thereunder in accordance with the continuation of benefits requirements of COBRA,
your contribution amount for the period during which you are receiving salary continuation benefits will be the normal employee contribution rate. You agree to notify Veeco if you become eligible for
coverage under another group health insurance plan, whereupon Veeco's obligation to pay for a portion of such coverage shall cease.

	c)
	Any
options to purchase shares of Veeco common stock granted to you on or after the date hereof ("Options") which are held by you as of the date of such termination shall remain
exercisable until the earlier of (x) 12 months following the date of such termination and (y) the expiration of the original term of such Options.

	d)
	In
addition, if such termination or resignation occurs within 12 months following a "Change of Control" (as defined below), any Options which are held by you as of the date of
such termination that were not vested as of such date shall become immediately and fully vested as of such date. 

        Receipt
of the benefits described above is conditioned upon your execution (without revocation) of a general release of claims in a form satisfactory to Veeco, including
non-competition and non-solicitation provisions for the duration of the period during which salary continuation benefits are payable as described above. 

 
 

Additional Provisions    
    

        The Separation Benefits described herein do not alter the "at-will" nature of your employment with Veeco. This means that your employment may be
terminated by you or by Veeco at any time, with or without cause. As described above, however, you may be entitled to severance benefits depending upon the circumstances of the termination of
employment. 

As
used above, the following definitions shall apply: 

        "Cause" shall mean (i) your willful and substantial misconduct, (ii) your repeated, after written notice, neglect of duties
or failure to perform your assigned duties, (iii) your commission of any material fraudulent act with respect to Veeco or its business, or (iv) your conviction of (or plea of no contest
to) a crime constituting a felony. 

        "Change of Control" shall mean: (a) any person or group of persons becomes the beneficial owner of securities representing
50 percent or more of Veeco's outstanding voting securities, or (b) the approval by Veeco's stockholders of one of the following: 

	(i)
	Any
merger or statutory plan of exchange ("Merger") in which Veeco would not be the surviving corporation or pursuant to which Veeco's voting securities would be
converted into cash, securities or other property, other than a Merger in which the holders of Veeco's voting 

3

 

securities
immediately prior to the Merger have the same proportionate ownership of voting securities of the surviving corporation after the Merger; 

	(ii)
	Any
Merger in which the holders of outstanding voting securities of Veeco prior to such Merger will not, in the aggregate, own a majority of the outstanding voting
securities of the combined entity after such Merger; or

	(iii)
	Any
sale or other transfer (in one transaction or a series of related transactions) of all or substantially all of the Veeco's assets or the adoption of any plan or
proposal for Veeco's liquidation or dissolution. 

        "Good Reason" shall mean a reduction of your base salary, other than as part of a salary reduction program affecting management employees
generally. 

4

QuickLinks

Exhibit 10.33

Annex A

Separation Benefits

Additional Provisions

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