Document:

Form of Amendment to the Change in Control Agreement

 Exhibit 10.8 
 AMENDMENT 
 to the 
 CHANGE IN CONTROL AGREEMENT 
 FOR [POSITION] 
 The Change in Control Agreement (the “Agreement”), between Varian Medical Systems, Inc., a Delaware corporation (the “Company”) and
[NAME], an employee of the Company is hereby amended as follows effective January 1, 2009: 
 1. Section 2(d) is hereby
amended in its entirety to read as follows; 
  

	 	“(d)	If Employee’s employment is terminated by the Company without Cause prior to the Change in Control Date but on or after a Potential Change in Control Date, subject to
Section 4(d), then the Company will provide to Employee the payments and benefits described 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. Such payments and benefits will be paid within five (5) business days
following the 60th day after the Employee’s Separation from Service except that the stock option and restricted stock acceleration benefits described in Section 4(a)(iii) shall be provided on the Change in Control Date. In the event that a
Change in Control is not consummated, Employee shall return to the Company any payments and benefits provided to the Employee under this Section 2(d).” 

 2. Section 3(b) is hereby amended in its entirety to read as follows: 
  

	 	“(b)	If within eighteen (18) months after a Change in Control, Employee incurs a Separation from Service by reason of Employee’s death or Disability, Employee (or, if
applicable, his or her estate) 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. To the extent such benefits are taxable to Employee, the benefits provided during the calendar year shall not affect the benefits to be provided in any other
calendar year and the benefits shall not be subject to liquidation or exchange for another benefit.” 

 3. The following
definition is hereby added to Section 3(d): 
 “Separation from Service shall have the meaning set forth in Section 409A of
the Code.” 
 4. The following sentence is added to the end of Section 3(f): 
 “Any escrowed amounts that are released shall otherwise be paid as required under this Agreement and, in no case, later than the end of the calendar
year in which the Company 

 
and Employee enter into a legally binding settlement of such dispute, the Company concedes the amount is payable, or the Company is required to make such
payment pursuant to a final and nonappealable judgment or other binding decision.” 
 5. Section 4(a) is hereby amended in its
entirety to read: 
  

	 	“(a)	If within eighteen (18) months after a Change in Control, the Company terminates Employee’s employment other than by reason of Employee’s death, Disability,
Retirement or for Cause, or if Employee terminates Employee’s employment for Good Reason, then the Employee shall be entitled to the following payments and benefits following Employee’s Separation from Service:”

 6. The references in Section 4(a)(i) and (ii) to the phrase “five (5) business days following the date
of termination” are hereby amended in their entirety to read: 
 “five (5) business days following the Release Deadline”

 7. The following sentence is added at the end of Section 4(a)(iii): 
 “In addition, all conditions or restrictions of any restricted stock units granted to Employee shall terminate, and the stock underlying such units
shall be transferred to Employee within five (5) business following the Release Deadline.” 
 8. Section 4(a)(iv) is hereby
amended in its entirety to read: 
  

	 	“(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 his or her Separation from Service; provided, however, that after the date of his or her Separation from Service, 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. 

 Notwithstanding the foregoing, to the extent any of the foregoing benefits are not exempt from Section 409A of the Code, such benefits provided
under this Section 4(a)(iv) during any calendar year shall not affect such benefits to be provided in any other calendar year and the right to such benefits shall not be subject to liquidation or exchange for another benefit. In addition, the
premiums for any medical coverage provided through a self-insured plan under this Section 4(a)(iv) 

  

 2 

 
shall be taxable to Employee to the extent required to avoid the taxes imposed by Section 105(h) and Section 409A of the Code. To the extent any of
the foregoing benefits are not exempt from Section 409A of the Code and are subject to the delay described in Section 4(c) hereof, except as would constitute a violation of Section 409A of the Code, Employee shall have the right to
pay for and obtain such benefits during such delay period and shall be reimbursed by the Company for any such payments upon expiration of such delay period.” 
 9. Section 4(a)(v) is hereby amended in its entirety to read: 
  

	 	“(v)	Employee may elect within 90 days after his or her Separation from Service 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.” 

 10. The following is added at the end of Section 4(b): 
 “Any loan offset made under this Section 4(b) shall be made at the same time the payments reduced hereunder would have otherwise been made and otherwise in a manner that would not result in the imposition of
taxes to Employee under Section 409A of the Code. If it is not possible to make such offset without the imposition of taxes to Employee under Section 409A of the Code, such offset shall not be made.” 
 11. Section 4(c) is amended in its entirety to read: 
  

	 	“(c)	 In the event this Agreement or any compensation or benefit paid to Employee hereunder is deemed to be subject to Section 409A of the Code, Employee and the
Company agree to negotiate in good faith to adopt such amendments that are necessary to comply with Section 409A of the Code or to exempt such compensation or benefits from Section 409A. In addition, to the extent (i) any compensation
or benefits to which Employee becomes entitled under this agreement, or any agreement or plan referenced herein, in connection with Employee’s termination of employment with the Company constitute deferred compensation subject to
Section 409A of the Code and (ii) Employee is deemed at the time of such termination of employment to be a “specified” employee under Section 409A of the Code, then such compensation or benefits shall not be made or commence
until the earliest of (i) the expiration of the six (6)-month period measured from the date of Employee’s “separation from service” (as such term is at the time defined in Treasury Regulations under Section 409A of the Code
with the Company; or (ii) the date of Employee’s death following such separation from service; provided, however, that such deferral shall only be effected to the extent required to avoid adverse tax treatment to Employee, including
(without limitation) the additional twenty percent (20%) tax for which Employee would otherwise be liable under Section 409A(a)(1)(B) of the Code in the absence of such deferral. During any period compensation or benefits to Employee are

  

 3 

	 	 
deferred pursuant to the foregoing, Employee shall be entitled to interest on such deferral at a per annum rate equal to the highest rate of interest
applicable to six (6)-month money market accounts offered by the following institutions: Citibank N.A., Wells Fargo Bank, N.A. or Bank of America, on the date of such “separation from service.” Upon the expiration of the applicable
deferral period, any compensation or benefits which would have otherwise been paid during that period (whether in a single sum or in installments) in the absence of this paragraph shall be paid to Employee or Employee’s beneficiary in one lump
sum.” 

 12. Section 4(d) is hereby amended in its entirety to read: 
  

	 	“(d)	Any payment pursuant to this Section 4 shall be conditioned upon the Employee signing and not revoking a release in the form attached as Exhibit A (the “Release”) not
later than 60 days after the Employee’s Separation from Service (such 60th day, the “Release Deadline”). The Employee shall not be entitled to such payment, and no payment shall be made to the Employee, until after the Release
Deadline and subject to the Release having become effective on or prior to the Release Deadline. The Company shall furnish such Release to the Employee in connection with the Employee’s Separation from Service. If the Employee has signed the
Release prior to the time the Company so furnishes such Release to the Employee, the Employee will be required to again sign and not revoke the Release in connection with the Employee’s Separation from Service in order to receive payments
hereunder (as described above), and the prior signed Release shall be null and void.” 

 13. The following is hereby added
to the end of Section 5: 
  

	 	“(f)	Notwithstanding the foregoing, all payments made pursuant to Sections 5(a) through (d) will be made by the end of the calendar year next following the calendar year in which
the Employee remits the related taxes. Any indemnification provided under Section 5(e) shall be provided in the calendar year in which the related Losses are incurred by Employee and any fees and expenses that are paid or reimbursed by the
Company under Section 5(e) shall be paid or reimbursed in the calendar year that they are incurred.” 

 14. The
following sentence is hereby added to the end of Section 6(c): 
 “Any payment made pursuant to this Section 6(c) shall be
made promptly and no later than the end of the calendar year in which such fees or disbursements were incurred or in which such judgment was obtained, as applicable.” 
  

 4 

 IN WITNESS WHEREOF, the parties acknowledge that they have read and understand the terms of this
amendment and have executed this amendment to be effective as of January 1, 2009. 
  

			
	VARIAN MEDICAL SYSTEMS, INC.	    	EMPLOYEE
		
	  
	    	  

	 By:
	    	
	 Title:
	    	

  
  

 5Registrant's Management Incentive Plan

 Exhibit 10.15 
  
 VARIAN MEDICAL SYSTEMS, INC. 
 MANAGEMENT INCENTIVE PLAN 
 (Amended as of August 8, 2008) 

					
	SECTION 1	  	BACKGROUND, PURPOSE AND DURATION	  	1
			
	1.1	  	Effective Date	  	1
	1.2	  	Purpose Of The Plan	  	1
			
	SECTION 2	  	DEFINITIONS	  	1
			
	2.1	  	“Actual Award”	  	1
	2.2	  	“Affiliate”	  	1
	2.3	  	“Base Salary”	  	1
	2.4	  	“Board”	  	1
	2.5	  	“Code”	  	1
	2.6	  	“Committee”	  	1
	2.7	  	“Company”	  	1
	2.8	  	“Disability”	  	1
	2.9	  	“EBIT”	  	2
	2.10	  	“EBITDA”	  	2
	2.11	  	“Earnings Per Share”	  	2
	2.12	  	“Employee”	  	2
	2.13	  	“Fiscal Year”	  	2
	2.14	  	“Maximum Award”	  	2
	2.15	  	“Net Income”	  	2
	2.16	  	“Net Orders”	  	2
	2.17	  	“Operating Cash Flow”	  	2
	2.18	  	“Participant”	  	2
	2.19	  	“Payout Formula”	  	2
	2.20	  	“Performance Goals”	  	2
	2.21	  	“Performance Period”	  	3
	2.22	  	“Plan”	  	3
	2.23	  	“Retirement”	  	3
	2.24	  	“Return on Assets”	  	3
	2.25	  	“Return on Equity”	  	3
	2.26	  	“Return on Sales”	  	3
	2.27	  	“Revenue”	  	3
	2.28	  	“Shareholder Return”	  	3
	2.29	  	“Shares”	  	3
	2.30	  	“Target Award”	  	3
	2.31	  	“VAI”	  	3
			
	SECTION 3	  	SELECTION OF PARTICIPANTS AND DETERMINATION OF AWARDS	  	3
			
	3.1	  	Selection of Participants	  	3
	3.2	  	Determination of Performance Goals	  	3
	3.3	  	Determination of Target Awards	  	3
	3.4	  	Determination of Payout Formula or Formulae	  	4
	3.5	  	Determination of Actual Awards	  	4
			
	SECTION 4	  	PAYMENT OF AWARDS	  	4
			
	4.1	  	Right to Receive Payment	  	4
	4.2	  	Timing of Payment	  	4
	4.3	  	Form of Payment	  	4
	4.4	  	Payment in the Event of Death	  	4
			
	SECTION 5	  	ADMINISTRATION	  	4

					
	5.1	  	Committee is the Administrator	  	4
	5.2	  	Committee Authority	  	5
	5.3	  	Decisions Binding.	  	5
	5.4	  	Delegation by the Committee.	  	5
			
	SECTION 6	  	GENERAL PROVISIONS	  	5
			
	6.1	  	Tax Withholding	  	5
	6.2	  	No Effect on Employment or Service	  	5
	6.3	  	Participation	  	5
	6.4	  	Indemnification	  	5
	6.5	  	Successors	  	5
	6.6	  	Beneficiary Designations	  	6
	6.7	  	Nontransferability of Awards	  	6
	6.8	  	Deferrals	  	6
			
	SECTION 7	  	AMENDMENT, TERMINATION AND DURATION	  	6
			
	7.1	  	Amendment, Suspension or Termination	  	6
	7.2	  	Duration of the Plan	  	6
			
	SECTION 8	  	LEGAL CONSTRUCTION	  	6
			
	8.1	  	Gender and Number	  	6
	8.2	  	Severability	  	6
	8.3	  	Requirements of Law	  	6
	8.4	  	Governing Law	  	6
	8.5	  	Captions	  	6
			
	EXECUTION	  		  	7

 VARIAN MEDICAL SYSTEMS, INC. 
 MANAGEMENT INCENTIVE PLAN 
 (Amended as of August 8, 2008) 

SECTION 1 
 BACKGROUND, PURPOSE
AND DURATION 
 1.1    Effective Date. This amended and restated Plan is effective as of the date on which VAI
distributes shares of the common stock of Varian, Inc. and Varian Semiconductor Equipment Associates, Inc. to the stockholders of VAI, subject to the approval of the Plan by a majority of the shares of the common stock of VAI which are present in
person or by proxy and entitled to vote at the 1999 Annual and Special Meeting of Stockholders of VAI. 
 1.2    Purpose of the Plan. The Plan is intended to increase shareholder value and the success of the Company by motivating key executives (1) to perform to the best of their abilities, and (2) to
achieve the Company’s objectives. The Plan’s goals are to be achieved by providing such executives with incentive awards based on the achievement of goals relating to the performance of the Company and its business units. The Plan is
intended to permit the grant of awards that qualify as performance-based compensation under section 162(m) of the Code. 
 SECTION 2

 DEFINITIONS 
 The
following words and phrases shall have the following meanings unless a different meaning is plainly required by the context: 
 2.1    “Actual Award” means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period. Each Actual Award is determined by the Payout Formula for the
Performance Period, subject to the Committee’s authority under Section 3.5 to reduce the award otherwise determined by the Payout Formula. 
 2.2    “Affiliate” means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlling, controlled by, or under common control with
the Company. 
 2.3    “Base Salary” means as to any Performance Period, the Participant’s
annualized salary rate on the last day of the Performance Period. Such Base Salary shall be before both (a) deductions for taxes or benefits, and (b) deferrals of compensation pursuant to Company-sponsored plans. 
 2.4    “Board” means the Board of Directors of the Company. 
 2.5    “Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or
regulation thereunder shall include such section or regulation, any valid regulation promulgated thereunder, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation.

 2.6    “Committee” means the committee appointed by the Board (pursuant to Section 5.1) to
administer the Plan. 
 2.7    “Company” means Varian Medical Systems, Inc., a Delaware corporation, or
any successor thereto. 
 2.8    “Disability” means a permanent and total disability determined in
accordance with uniform and nondiscriminatory standards adopted by the Committee from time to time. 
  

 1 

 2.9    “EBIT” means as to any Performance Period, the Company’s
or a business unit’s income before reductions for interest and taxes, determined in accordance with generally accepted accounting principles. 
 2.10    “EBITDA” means as to any Performance Period, the Company’s or a business unit’s income before reductions for interest, taxes, depreciation and amortization, determined in accordance
with generally accepted accounting principles. 
 2.11    “Earnings Per Share” means as to any
Performance Period, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted
accounting principles. 
 2.12    “Employee” means any employee of the Company or of an Affiliate,
whether such employee is so employed at the time the Plan is adopted or becomes so employed subsequent to the adoption of the Plan. 
 2.13    “Fiscal Year” means any fiscal year of the Company. 
 2.14    “Maximum Award” means as to any Actual Award to any Participant for any Performance Period, the lesser of two hundred percent (200%) of Base Salary or $2 million. 
 2.15    “Net Income” means as to any Performance Period, the Company’s or a business unit’s income after
taxes, determined in accordance with generally accepted accounting principles. 
 2.16    “Net Orders”
means as to any Performance Period, the Company’s or a business unit’s net orders calculated (and reviewed by the Company’s external independent auditors in accordance with agreed standard procedures) for and reported in the
Company’s quarterly financial earnings press release filed by the Company on a Current Report on Form 8-K. 
 2.17    “Operating Cash Flow” means as to any Performance Period, the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes
in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with
generally acceptable accounting principles. 
 2.18    “Participant” means as to any Performance Period,
an Employee who has been selected by the Committee for participation in the Plan for that Performance Period. 
 2.19    “Payout Formula” means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be
paid to Participants. The formula or matrix may differ from Participant to Participant. 
 2.20    “Performance
Goals” means the goal(s) (or combined goal(s)) determined by the Committee (in its discretion) to be applicable to a Participant for a Target Award for a Performance Period. As determined by the Committee, the Performance Goals for any
Target Award applicable to a Participant may provide for a targeted level or levels of achievement using one or more of the following measures: (a) EBIT, (b) EBITDA, (c) Earnings Per Share, (d) Net Income, (e) Operating Cash
Flow, (f) Return on Assets, (g) Return on Equity, (h) Return on Sales, (i) Revenue, (j) Shareholder Return, (k) orders or Net Orders, (l) expenses, (m) cost of goods sold, (n) profit/loss or profit
margin, (o) working capital, (p) operating income, (q) cash flow, (r) market share, (s) return on equity, (t) economic value add, (u) stock price of the Company’s stock, (v) price/earning ratio,
(w) debt or debt-to-equity ratio, (x) accounts receivable, (y) cash, (z) write-off, (aa) assets, (bb) liquidity, (cc) operations, (dd) intellectual property (e.g., patents), (ee) product development, (ff) regulatory activities,
(gg) manufacturing, production or inventory, (hh) mergers, acquisitions or divestitures, (ii) financings, (jj) days sales outstanding, (kk) backlog, (ll) deferred revenue, and (mm) employee headcount. The Performance Goals may differ from
Participant to Participant and from award to award. Prior to the Determination Date, the Committee shall determine whether any significant element(s) shall be included in or excluded from the calculation of any Performance Goal with 

  

 2 

 
respect to any Participants. “Determination Date” means the latest possible date that will not jeopardize a Target Award’s qualification as
performance-based compensation under section 162(m) of the Code. 
 2.21    “Performance Period” means
any fiscal period not to exceed three consecutive Fiscal Years, as determined by the Committee in its sole discretion. 
 2.22    “Plan” means the Varian Medical Systems, Inc. Management Incentive Plan, as set forth in this instrument and as hereafter amended from time to time. 
 2.23    “Retirement” means, with respect to any Participant, “Retirement” as defined by the Company’s
Retirement Policies, as they may be established from time to time. 
 2.24    “Return on Assets” means
as to any Performance Period, the percentage equal to the Company’s or a business unit’s EBIT before incentive compensation, divided by average net Company or business unit, as applicable, assets, determined in accordance with generally
accepted accounting principles. 
 2.25    “Return on Equity” means as to any Performance
Period, the percentage equal to the Company’s Net Income divided by average stockholder’s equity, determined in accordance with generally accepted accounting principles. 
 2.26    “Return on Sales” means as to any Performance Period, the percentage equal to the Company’s or a
business unit’s EBIT before incentive compensation, divided by the Company’s or the business unit’s, as applicable, Revenue, determined in accordance with generally accepted accounting principles. 
 2.27    “Revenue” means as to any Performance Period, the Company’s or a business unit’s net sales,
determined in accordance with generally accepted accounting principles. 
 2.28    “Shareholder Return”
means as to any Performance Period, the total return (change in share price plus reinvestment of any dividends) of a Share. 
 2.29    “Shares” means shares of the Company’s common stock, $1.00 par value. 
 2.30    “Target Award” means the target award payable under the Plan to a Participant for the Performance Period, expressed as a percentage of his or her Base Salary, as determined by the Committee in
accordance with Section 3.3. 
 2.31    “VAI” means Varian Associates, Inc., a Delaware
corporation. 
 SECTION 3 
 SELECTION OF PARTICIPANTS AND DETERMINATION OF AWARDS 
 3.1    Selection of Participants. The
Committee, in its sole discretion, shall select the Employees of the Company who shall be Participants for any Performance Period. Participation in the Plan is in the sole discretion of the Committee, and on a Performance Period by Performance
Period basis. Accordingly, an Employee who is a Participant for a given Performance Period in no way is guaranteed or assured of being selected for participation in any subsequent Performance Period or Periods. 
 3.2    Determination of Performance Goals. The Committee, in its sole discretion, shall establish the Performance Goals for
each Participant for the Performance Period. Such Performance Goals shall be set forth in writing. 
 3.3    Determination of Target Awards. The Committee, in its sole discretion, shall establish a Target Award for each Participant. Each Participant’s Target Award shall be determined by the Committee in its
sole discretion, and each Target Award shall be set forth in writing. 
  

 3 

 3.4    Determination of Payout Formula or Formulae. On or prior to the
Determination Date, the Committee, in its sole discretion, shall establish a Payout Formula or Formulae for purposes of determining the Actual Award (if any) payable to each Participant. Each Payout Formula shall (a) be in writing, (b) be
based on a comparison of actual performance to the Performance Goals, (c) provide for the payment of a Participant’s Target Award if the Performance Goals for the Performance Period are achieved, and (d) provide for an Actual Award
greater than or less than the Participant’s Target Award, depending upon the extent to which actual performance exceeds or falls below the Performance Goals. Notwithstanding the preceding, no Participant’s Actual Award under the Plan may
exceed his or her Maximum Award. 
 3.5    Determination of Actual Awards. After the end of each Performance
Period, the Committee shall certify in writing the extent to which the Performance Goals applicable to each Participant for the Performance Period were achieved or exceeded. The Actual Award for each Participant shall be determined by applying the
Payout Formula to the level of actual performance which has been certified by the Committee. Notwithstanding any contrary provision of the Plan, the Committee, in its sole discretion, may (a) eliminate or reduce the Actual Award payable to any
Participant below that which otherwise would be payable under the Payout Formula, and (b) determine what Actual Award, if any, will be paid in the event of a termination of employment prior to the end of the Performance Period. The total
aggregate Actual Awards under the Plan with respect to any Performance Period shall not exceed eight percent (8%) of the Company’s EBIT (but before incentive compensation) for the most recent completed Fiscal Year. If the total aggregate
Actual Awards with respect to a Performance Period would exceed this aggregate limit, all such Actual Awards shall be pro-rated on an equal basis among all Participants according to a formula established by the Committee. 
 SECTION 4 
 PAYMENT OF AWARDS 

 4.1    Right to Receive Payment. Each Actual Award that may become payable under the Plan shall be paid solely
from the general assets of the Company. Nothing in this Plan shall be construed to create a trust or to establish or evidence any Participant’s claim of any right other than as an unsecured general creditor with respect to any payment to which
he or she may be entitled. 
 4.2    Timing of Payment. Except as determined by the Committee with respect to
multi-fiscal year Performance Periods, payment of each Actual Award shall be made no later than the 15th day of the third month following the end of the Performance Period during which the Award was earned. 
 4.3    Form of Payment. Each Actual Award normally shall be paid in cash (or its equivalent) in a single lump sum. However,
the Committee, in its sole discretion, may declare any Actual Award, in whole or in part, payable in stock granted under the Company’s Omnibus Stock Plan. The number of Shares granted shall be determined by dividing the cash amount foregone by
the fair market value of a Share on the date that the cash payment otherwise would have been made. For this purpose, “fair market value” shall mean the closing price on the Nasdaq National Market for the day in question. 
 4.4    Payment in the Event of Death. If a Participant dies prior to the payment of an Actual Award earned by him or her prior
to death for a prior Performance Period, the Award shall be paid to his or her estate. 
 SECTION 5 
 ADMINISTRATION 
 5.1    Committee is the Administrator. The Plan shall be administered by the Committee. The Committee shall consist of not less than two (2) members of the Board. The members of the Committee shall be
appointed from time to time by, and serve at the pleasure of, the Board. Each member of the Committee shall qualify as an “outside director” under section 162(m) of the Code. If it is later determined that one or more members of the
Committee do not so qualify, actions taken by the Committee prior to such determination shall be valid despite such failure to qualify. 
  

 4 

 5.2    Committee Authority. It shall be the duty of the Committee to
administer the Plan in accordance with the Plan’s provisions. The Committee shall have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the power to
(a) determine which Employees shall be granted awards, (b) prescribe the terms and conditions of awards, (c) interpret the Plan and the awards, (d) adopt such procedures and subplans as are necessary or appropriate to permit
participation in the Plan by Employees who are foreign nationals or employed outside of the United States, (e) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and (f) interpret,
amend or revoke any such rules. 
 5.3    Decisions Binding. All determinations and decisions made by the
Committee, the Board, and any delegate of the Committee pursuant to the provisions of the Plan shall be final, conclusive, and binding on all persons, and shall be given the maximum deference permitted by law. 
 5.4    Delegation by the Committee. The Committee, in its sole discretion and on such terms and conditions as it may provide,
may delegate all or part of its authority and powers under the Plan to one or more directors and/or officers of the Company; provided, however, that the Committee may delegate its authority and powers only with respect to awards that are not
intended to qualify as performance-based compensation under section 162(m) of the Code. 
 SECTION 6 
 GENERAL PROVISIONS 
 6.1    Tax Withholding. The Company shall withhold all applicable taxes from any Actual Award, including any federal, state and local taxes (including the Participant’s FICA obligation). 
 6.2    No Effect on Employment or Service. Nothing in the Plan shall interfere with or limit in any way the right of the
Company to terminate any Participant’s employment or service at any time, with or without cause. For purposes of the Plan, transfer of employment of a Participant between the Company and any one of its Affiliates (or between Affiliates) shall
not be deemed a Termination of Service. Employment with the Company and its Affiliates is on an at-will basis only. The Company expressly reserves the right, which may be exercised at any time and without regard to when during a Performance Period
such exercise occurs, to terminate any individual’s employment with or without cause, and to treat him or her without regard to the effect which such treatment might have upon him or her as a Participant. 
 6.3    Participation. No Employee shall have the right to be selected to receive an award under this Plan, or, having been so
selected, to be selected to receive a future award. 
 6.4    Indemnification. Each person who is or shall have
been a member of the Committee, or of the Board, shall be indemnified and held harmless by the Company against and from (a) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with
or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any award, and (b) from any and all amounts paid
by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity,
at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 6.5    Successors. All obligations of the Company under the Plan, with respect to awards granted hereunder, shall be binding
on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 
  

 5 

 6.6    Beneficiary Designations. If permitted by the Committee, a Participant
under the Plan may name a beneficiary or beneficiaries to whom any vested but unpaid award shall be paid in the event of the Participant’s death. Each such designation shall revoke all prior designations by the Participant and shall be
effective only if given in a form and manner acceptable to the Committee. In the absence of any such designation, any vested benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate. 
 6.7    Nontransferability of Awards. No award granted under the Plan may be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will, by the laws of descent and distribution, or to the limited extent provided in Section 6.6. All rights with respect to an award granted to a Participant shall be available during his or her lifetime
only to the Participant. 
 6.8    Deferrals. The Committee, in its sole discretion, may permit a Participant to
defer receipt of the payment of cash that would otherwise be delivered to a Participant under the Plan. Any such deferral elections shall be subject to such rules and procedures as shall be determined by the Committee in its sole discretion.

 SECTION 7 
 AMENDMENT,
TERMINATION AND DURATION 
 7.1    Amendment, Suspension or Termination. The Board, in its sole discretion,
may amend or terminate the Plan, or any part thereof, at any time and for any reason. The amendment, suspension or termination of the Plan shall not, without the consent of the Participant, alter or impair any rights or obligations under any Target
Award theretofore granted to such Participant. No award may be granted during any period of suspension or after termination of the Plan. 
 7.2    Duration of the Plan. The Plan shall commence on the date specified herein, and subject to Section 7.1 (regarding the Board’s right to amend or terminate the Plan), shall remain in effect
thereafter. 
 SECTION 8 
 LEGAL CONSTRUCTION 
 8.1    Gender and Number. Except where otherwise indicated by the context,
any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall include the plural. 
 8.2    Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be
construed and enforced as if the illegal or invalid provision had not been included. 
 8.3    Requirements of
Law. The granting of awards under the Plan shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 8.4    Governing Law. The Plan and all awards shall be construed in accordance with and governed by the laws of the State of
California, but without regard to its conflict of law provisions. 
 8.5    Captions. Captions are provided herein
for convenience only, and shall not serve as a basis for interpretation or construction of the Plan. 
  

 6 

 EXECUTION 
 IN WITNESS WHEREOF, Varian Medical Systems, Inc., by its duly authorized officer, has executed the Plan on the date indicated below. 
  

							
		 		 	VARIAN MEDICAL SYSTEMS, INC.
				
	Dated: August 8, 2008	 		 	By:	 	/s/ John W. Kuo
		 		 		 	John W. Kuo
		 		 		 	Corporate Vice President, General Counsel & Secretary

  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00150-of-00352.parquet"}]]