Document:

Varian, Inc. Management Incentive Plan

 Exhibit 10.9 
 VARIAN, INC. 
 MANAGEMENT INCENTIVE PLAN 
 (as amended and restated effective November 8, 2007) 
 SECTION 1 

 BACKGROUND, PURPOSE AND DURATION 
 1.1 Effective Date. The Plan, as amended and restated, is effective as of November 8, 2007. 
 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, Inc., a Delaware corporation, or any successor
thereto. 
 2.8 “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. 
 2.9 “EBITA”
means as to any Performance Period, the Company’s or a business unit’s income before reductions for interest, taxes and acquisition-related intangible amortization, 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 diluted earnings per share, 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 “Operating Cash Flow” means as to any Performance Period, the Company’s or a business unit’s net cash provided by operating activities, determined in accordance with generally acceptable accounting
principles, less net capital expenditures. 
 2.17 “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. 
 2.18 “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. 
 2.19 “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 

  

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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) EBITA, (c) EBITDA, (d) Earnings Per Share, (e) Net Income, (f) Operating Cash Flow, (g) Return on Net Assets, (h) Return on
Equity, (i) Return on Sales, (j) Revenue, and (k) Shareholder Return. 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 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. 
 2.20 “Performance Period” means any
fiscal period not to exceed three consecutive Fiscal Years, as determined by the Committee in its sole discretion. 
 2.21
“Plan” means the Varian, Inc. Management Incentive Plan, as set forth in this instrument and as hereafter amended from time to time. 
 2.22 “Return on Net 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 the Company’s
or business unit’s average net assets, determined in accordance with generally accepted accounting principles. 
 2.23
“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. 
 2.24 “Return on Sales” means as to any Performance Period, the percentage equal to the Company’s or a
business unit’s EBIT (after incentive compensation), divided by the Company’s or the business unit’s, as applicable, Revenue, determined in accordance with generally accepted accounting principles. 
 2.25 “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. 
 2.26 “Shareholder Return” means as to any Performance Period, the total return
(change in share price plus reinvestment of any dividends) of a Share. 
 2.27 “Shares” means shares of the Company’s
common stock, $.01 par value. 
 2.28 “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. 
 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 

  

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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. 
 3.4 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. 
  

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 4.2 Timing of Payment. Payment of each Actual Award shall be made within two and one-half months
after the end of the Performance Period for 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. 
 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. 
 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.

  

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 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. 
 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 but unpaid award shall be paid to the Participant’s estate. 
  

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 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. Unless otherwise expressly determined by the Committee, the rules and procedures for any deferral elections and deferrals shall be designed to comply with Section 409A of the Code. 
 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. 
  

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

							
		 		 	VARIAN, INC.
				
	Dated: November 8, 2007	 		 	By:	 	 /s/ A. W. Homan

		 		 	Name:	 	A. W. Homan
		 		 	Title:	 	Secretary

  

 8Varian, Inc. Supplemental Retirement Plan

 Exhibit 10.10 
 VARIAN, INC. 
 SUPPLEMENTAL RETIREMENT PLAN 
 (as amended and restated effective November 8, 2007) 
 SECTION 1 
 BACKGROUND, PURPOSE AND DURATION 
 1.1 Effective Date. The Plan, as amended and restated, is effective as of November 8, 2007. 
 1.2 Purpose of the Plan. The purpose of the Plan is to provide deferred compensation consisting of (a) elective deferrals and
(b) allocations of Matching Contributions and Profit-Sharing Contributions that exceed the amounts that the Dollar Limitations permit to be allocated under the Retirement Plan, but that are otherwise calculated by reference to the Retirement
Plan. 
 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 “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. 
 2.2 “Committee” means the Compensation Committee of the Company’s Board of Directors. 
 2.3 “Company” means Varian, Inc., a Delaware corporation, or any successor thereto. 
 2.4 “Compensation Ceiling” means the limitation described in section 401(a)(17) of the Code, adjusted as prescribed by the Code. The
Compensation Ceiling for plan years beginning in 2007 is $225,000. 
 2.5 “Dollar Limitations” means (a) the
Compensation Ceiling and (b) the limitation on annual additions described in section 415(c)(1) of the Code, adjusted in each case as prescribed by the Code. 
 2.6 “Eligible Earnings” shall have the meaning given to such term in the Retirement Plan, except that Eligible Earnings for purposes of this Plan shall not be subject to the Compensation Ceiling.

 2.7 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
Reference to a specific section of ERISA shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing or superseding such section. 
 2.8 “Participant” means an individual who is eligible to participate in the Plan pursuant to Section 3 and for whose benefit an
amount is credited to a Reserve Account pursuant to Section 3. 
 2.9 “Plan” means the Varian, Inc. Supplemental
Retirement Plan, as set forth in this instrument and as hereafter amended from time to time. 
 2.10 “Plan Year” means the
calendar year; provided, however, that the Plan’s first Plan Year shall be a short Plan Year beginning on the Plan’s initial effective date. 
 2.11 “Reserve Account” means the unfunded bookkeeping account described in Section 3.2. 
 2.12 “Retirement Plan” means the Varian, Inc. Retirement Plan, as amended from time to time. 
 2.13
“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Eligible Participant or of a spouse or dependent of the Participant (as defined in
Section 152 of the Code, but without regard to subsections (b)(1), (b)(2) and (d)(1)(B) thereof), from a loss of the Participant’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise
covered by insurance, for example, as a result of a natural disaster) or from other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. A hardship shall not constitute an
Unforeseeable Emergency under the Plan to the extent that it is or may be relieved: 
 (a) Through reimbursement or
compensation, by insurance or otherwise; 
 (b) By liquidation of the Participant’s assets, to the extent that the
liquidation of such assets would not itself cause severe financial hardship; or 
 (c) By discontinuing deferrals under this
Plan or under any other plan of the Company as soon as permissible. 
 An Unforeseeable Emergency under the Plan shall in no event include the need to send a
child to college or the desire to purchase a home. The Committee shall determine whether or not a Participant has incurred an Unforeseeable Emergency based on such evidence as the Committee deems necessary or advisable. 
  

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 2.14 “VAI” means Varian Associates, Inc., a Delaware corporation. 
 2.15 “Valuation Date” means the last day of each calendar quarter. 
 Any capitalized terms used in the Plan and not defined herein shall have the meaning provided in the Retirement Plan. 
 SECTION 3 
 ELIGIBILITY,
PARTICIPATION, RESERVE ACCOUNTS AND CREDITS 
 3.1 Eligibility and Participation. Participation in the Plan shall be limited to:

 (a) Officers of the Company (not including any officer holding the office of only Assistant Secretary or Assistant
Treasurer) who are active Retirement Plan participants; 
 (b) Participants in the Retirement Plan whose Eligible Earnings
under the Retirement Plan are limited by the Compensation Ceiling; and 
 (c) Any other participant in the Retirement Plan who
is designated by the Committee. 
 At the beginning of a particular Plan Year, the Company, in its sole discretion, may determine that one or
more individuals qualify as Participants for the Plan Year pursuant to Subsection (b) based upon such individual’s current salary rate and target bonus compensation (to the extent includible in Eligible Earnings). Any such determination
shall be valid for that Plan Year, regardless of whether the individual’s Eligible Earnings at the end of the Retirement Plan’s plan year actually exceed the Compensation Ceiling. For purposes of Subsection (a), an individual shall be
deemed to be an active Retirement Plan participant if he or she first becomes eligible to participate in the Retirement Plan during the Plan Year and fails to make contributions to the Retirement Plan during the Plan Year because any contributions
to the Retirement Plan, when added to contributions he or she made to a prior employer’s plan during the Plan Year, would exceed the limitation under section 402(g) of the Code. 
 3.2 Reserve Account. The Company shall establish on its books a special unfunded Reserve Account for each Participant. As of each Valuation Date,
the Company shall credit interest on the balance in each Reserve Account (not including any amounts credited under Sections 3.3, 3.4 and 3.5 below during the calendar quarter then ending). The interest credited to the Reserve Account shall be
established from time to time by the Committee. 
 3.3 Matching Contributions. As of each Valuation Date in a Plan Year following the
later of the date when the Participant’s contributions to the Retirement Plan (and any previous employer’s plan) reach the limitation in effect under Code section 402(g) (which limitation is $15,500 for 2007), or the date when the
Participant’s Eligible Earnings paid during the Plan Year reach the Compensation Ceiling, the Company shall credit to a Participant’s Reserve Account an amount determined as follows: 
 (a) First, an initial matching credit shall be calculated by determining the amount equal to 6% of the Participant’s Eligible
Earnings received during the Plan Year to date that are in excess of the Compensation Ceiling; 
  

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 (b) Second, the amount calculated under Subsection (a) above shall be reduced (but
not below zero) by the amount of credits determined under this Section 3.3 for the Participant for prior Valuation Dates during the Plan Year; and 
 (c) The remainder (if any) shall be the amount credited to the Participant’s Reserve Account under this Section 3.3. 
 3.4 Profit-Sharing Contributions. As of the Valuation Date coinciding with or next following the date when the Company makes a Profit-Sharing Contribution under the Retirement Plan, the Company shall credit to
a Participant’s Reserve Account an amount determined as follows: 
 (a) First, the hypothetical amount of the
Participant’s share of the Profit-Sharing Contribution shall be calculated, based on the assumption that the Dollar Limitations do not apply; 
 (b) Second, the amount calculated under Subsection (a) above shall be reduced (but not below zero) by the actual amount of the Participant’s share of the Profit-Sharing Contribution; and 
 (c) The remainder (if any) shall be the amount credited to the Participant’s Reserve Account under this Section 3.4. 

3.5 Elective Deferrals. An individual who is eligible to participate in the Plan pursuant to Section 3.1 may elect to defer a portion of
his Eligible Earnings with respect to a calendar year by filing a written deferral election with the Company during the Election Period. Any such election shall specify the percentage of Eligible Earnings to be deferred, which percentage shall be no
higher than the maximum deferral percentage permitted under the Retirement Plan. A deferral election shall apply only to Eligible Earnings to be paid following the date when the Participant’s Retirement Plan contributions exceed the limitation
in effect under Section 402(g) of the Code ($15,500 for 2007). If a Participant elects to make deferrals under the Plan for a calendar year, his or her deferral election under the Retirement Plan shall be made before the beginning of such
calendar year and notwithstanding any contrary provisions of the Retirement Plan, shall be irrevocable as of December 31 of the year preceding the year in which deferrals under the Plan will be made. 
 Deferral elections may be made and revoked any number of times during the Election Period, but any deferral election that has been submitted and has not
been revoked at the end of 

  

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the Election Period then becomes irrevocable. Normally, the Election Period is the month of December and the deferral election applies to the following
calendar year. However, a special Election Period applies with respect to the calendar year when an individual first becomes eligible to participate in the Plan. In any such case, the Participant’s Election Period is the 30-day period after the
Company’s written notice of eligibility is given, and such a Participant’s deferral election applies to the remainder of the then-current calendar year following the close of the Election Period. There is also a special Election Period
applicable to 1999, the calendar year in which this Plan was established. That Election Period is the 30-day period after the Company’s written notice of eligibility is given to Participants, and any such Participant’s deferral election
applies to the remainder of 1999 following the close of the Election Period. 
 Any other provision of the Plan notwithstanding, the
Committee, at its sole discretion, may reduce the level of deferral elections or decline altogether to accept an individual’s deferral election (but only to the extent such reduction would comply with Section 409A of the Code). 

SECTION 4 
 DISTRIBUTIONS 

 4.1 Right to Receive Payment. Any amount 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 creditor with respect to any payment to which he or she may be entitled. 

4.2 Timing of Payment — In General. Following the termination of a Participant’s employment with the Company and its subsidiaries,
the Company shall pay to the Participant the balance credited to his or her Reserve Account. Payment shall be made in cash at such time(s) and in such form (including a lump sum or installments) as the Committee shall determine, in its sole
discretion. If the Committee determines that payment is to be made in the form of installments, such installments shall be paid quarterly over a period not to exceed five years. The preceding portion of this Section 4.2 applies to the portion
of a Participant’s Reserve Account attributable to amounts deferred (within the meaning of Section 409A of the Code) before January 1, 2005. Solely with respect to the portion of a Participant’s Reserve Account attributable to
amounts deferred (within the meaning of Section 409A of the Code) after December 31, 2004, payment shall occur in a single lump sum as soon as reasonably practicable following the Participant’s separation from service with the Company
and its subsidiaries (within the meaning of Treas. Reg. Section 1.409A-i(h)) and within the “short-term deferral period” (within the meaning of Treas. Reg. Section 1.409A-1(b)(4)); provided, however, that payment to
“specified employees” (within the meaning of Treas. Reg. Section 1.409A-1(i)) in connection with a termination of employment (other than upon death) shall occur no sooner than six (6) months and one (1) day after such
termination. 
 4.3 Accelerated In-Service Payment in Case of Emergency. In the event of a Participant’s Unforeseeable Emergency,
upon application by the Participant, the Committee may determine in its sole discretion that distribution of all or a portion of the Participant’s Reserve Account shall be made on a date prior to the Participant’s termination of
employment. Distributions on account of an Unforeseeable Emergency shall be permitted only to the extent reasonably needed to satisfy the Participant’s need. 
  

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 4.4 In-Service Distribution With Penalty. Solely with respect to the portion of a
Participant’s Reserve Account attributable to amounts deferred (within the meaning of Section 409A of the Code) prior to January 1, 2005, upon application by a Participant, the Committee may determine in its sole discretion that
distribution of all or a portion of the Participant’s Reserve Account shall be made prior to the Participant’s termination of employment (even in the absence of an Unforeseeable Emergency). All distributions under this Section 4.4
shall be reduced by a penalty equal to six percent of the amount otherwise distributable, which penalty shall be forfeited to the Company. A Participant who has received a distribution under this Section 4.4 shall thereafter be ineligible to
make elective deferrals to the Plan. 
 4.5 Payment in the Event of Death. In the event of a Participant’s death before the
entire Reserve Account has been distributed to him or her, the unpaid balance remaining in the Participant’s Reserve Account shall be paid to his or her beneficiary or beneficiaries under the Retirement Plan, at such time(s) and in such form as
the Committee shall determine in its sole discretion. Solely with respect to the portion of a Participant’s Reserve Account attributable to amounts deferred (within the meaning of Section 409A of the Code) after December 31, 2004,
payment shall occur in a single lump sum as soon as reasonably practicable following the Participant’s death. 
 SECTION 5

 ADMINISTRATION 
 5.1
Committee is the Administrator. The Plan shall be administered by the Committee. 
 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 Retirement Plan participants shall be eligible to participate in this Plan, (b) determine the amounts to be credited to Reserve Accounts, (c) determine whether to grant applications for accelerated
payments pursuant to Sections 4.3 and 4.4, (d) determine distributions to be made in the event of death pursuant to Section 4.5, (e) interpret the Plan, (f) adopt such rules for the administration, interpretation and application
of the Plan as are consistent therewith and (g) 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.

  

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 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, officers or employees of the Company. 
  

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 SECTION 6 
 CLAIMS AND REVIEW PROCEDURES 
 6.1 Application for Benefits. Any application for benefits
under the Plan shall be submitted to the Committee at the Company’s principal office. Such application shall be in writing and on the prescribed form, if any, and shall be signed by the applicant. 
 6.2 Denial of Applications. In the event that any application for benefits is denied in whole or in part, the Committee shall notify the applicant
in writing of the right to a review of the denial. Such written notice shall set forth, in a manner calculated to be understood by the applicant, specific reasons for the denial, specific references to the Plan provisions on which the denial was
based, a description of any information or material necessary to perfect the application, an explanation of why such material is necessary, and an explanation of the Plan’s review procedure. Such written notice shall be given to the applicant
within 90 days after the Committee receives the application, unless special circumstances require an extension of time for processing the application. In no event shall such an extension exceed a period of 90 days from the end of the initial 90-day
period. If such an extension is required, written notice thereof shall be furnished to the applicant before the end of the initial 90-day period. Such notice shall indicate the special circumstances requiring an extension of time and the date by
which the Committee expects to render a decision. If written notice is not given to the applicant within the period prescribed by this Section 6.2, the application shall be deemed to have been denied for purposes of Section 6.3 upon the
expiration of such period. 
 6.3 Request for Review. Any person whose application for benefits is denied in whole or in part (or such
person’s duly authorized representative) may appeal the denial by submitting to the Committee a request for a review of such application within 90 days after receiving written notice of denial. The Committee shall give the applicant or such
representative an opportunity to review pertinent documents (except legally privileged materials) in preparing such request for review and to submit issues and comments in writing. The request for review shall be in writing and shall be addressed to
the Committee at the Company’s principal office. The request for review shall set forth all of the ground on which it is based, all facts in support of the request, and any other matters which the applicant deems pertinent. The Committee may
require the applicant to submit such additional facts, documents, or other material as it may deem necessary or appropriate in making its review. 
 6.4 Decision on Review. The Committee shall act upon each request for review within 60 days after receipt thereof, unless special circumstances require an extension of time for processing, but in no event shall the decision on review
be rendered more that 120 days after the Committee receives the request for review. If such an extension is required, written notice thereof shall be furnished to the applicant before the end of the initial 60-day period. The Committee shall give
prompt, written notice of its decision to the applicant and to the Company. In the event that the Committee confirms the denial of the application for benefits in whole or in part, such notice shall set forth, in a manner calculated to be understood
by the applicant, the specific reasons for such denial and specific references to the Plan provisions on which the decision is based. To the extent that the Committee overrules the denial of the application for benefits, such benefits shall be paid
to the applicant. 
  

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 6.5 Exhaustion of Administrative Remedies. No legal or equitable action for benefits under the
Plan shall be brought unless and until the claimant (a) has submitted a written application for benefits in accordance with Section 6.1, (b) has been notified that the application is denied, (c) has filed a written request for a
review of the application in accordance with Section 6.3, and (d) has been notified in writing that the Committee has affirmed the denial of the application; provided, however, that an action may be brought after the Committee has failed
to act on the claim within the time prescribed in Section 6.2 and Section 6.4, respectively. 
 SECTION 7 
 GENERAL PROVISIONS 
 7.1 Tax
Withholding. The Company shall withhold all applicable taxes from any payment under this Plan, including any federal, state and local taxes (including the Participant’s FICA obligation). 
 7.2 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. 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, to terminate any
individual’s employment with or without cause, and to treat him or her without regard to the effect that such treatment might have upon him or her as a Participant. 
 7.3 Participation. No individual shall have the right to be selected to participate in the Plan for any particular Plan Year. 
 7.4 Indemnification. To the extent permitted by ERISA, 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 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. 
 7.5 Successors. All obligations of the Company
under the Plan 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. 
  

 9 

 7.6 Nontransferability of Awards. No portion of any Participant’s Reserve Account may be
sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, and any act in violation of this Section shall be void. All rights with respect to a Participant’s Reserve Account shall be available during his or her lifetime only
to the Participant. 
 SECTION 8 
 AMENDMENT, TERMINATION AND DURATION 
 8.1 Amendment, Suspension or Termination. The Company, in its sole discretion,
may amend or terminate the Plan, or any part thereof, at any time and for any reason. The Company shall also have the authority to distribute all or a portion of any Participant’s Reserve Account at any time, regardless of whether the Plan is
then being terminated. The amendment, suspension or termination of the Plan shall not, without the consent of the Participant, alter or impair any rights or obligations under the Plan; provided, however, that the Company may without such consent
amend the Plan to conform to the provisions of the American Jobs Creation Act of 2004 with respect to amounts deferred (within the meaning of Section 409A of the Code) after December 31, 2004. 
 8.2 Duration of the Plan. The Plan shall commence on the date specified herein and, subject to Section 8.1 (regarding the Company’s
right to amend or terminate the Plan), shall remain in effect thereafter. 
 SECTION 9 
 LEGAL CONSTRUCTION 
 9.1 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. 
 9.2 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. 
 9.3 Requirements of Law. Benefits provided under the Plan shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies as may be required. 
 9.4 Governing Law. The Plan shall be construed in accordance with governed by ERISA and, to the extent not preempted by ERISA, by the laws of the
State of California, but without regard to its conflict of law provisions. 
  

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 9.5 Captions. Captions are provided herein for convenience only, and shall not serve as a basis
for interpretation or construction of the Plan. 
 EXECUTION 
 IN WITNESS WHEREOF, Varian, Inc. by its duly authorized officer, has executed the Plan on the date indicated below. 
  

					
		 	VARIAN, INC.
			
	Dated: November 8, 2007	 	By:	 	 /s/ A. W. Homan

		 	Name:	 	A. W. Homan
		 	Title:	 	Secretary

  

 11

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