Document:

Form of Registrant's Non-Employee Director Nonqualified Stock Option Agreement

 Exhibit 10.4 
 For use in Singapore 
 VARIAN MEDICAL SYSTEMS, INC. 

THIRD AMENDED AND RESTATED 
 2005 OMNIBUS STOCK PLAN 
 NON-EMPLOYEE DIRECTOR 

NONQUALIFIED STOCK OPTION AGREEMENT 
 Varian Medical Systems, Inc. (the “Company”) hereby grants you, «FNAME» «LNAME» (the “Director”), a nonqualified stock option under the Company’s Third
Amended and Restated 2005 Omnibus Stock Plan (the “Plan”), to purchase shares of common stock of the Company (“Shares”)*. The date of this Agreement is «GrantDate» (the “Grant Date”)*. In general, the
latest date this option will expire is «ExpirationDate» (the “Expiration Date”) as stated on the Grant Summary*. However, as provided in the attached Non-Employee Director, Terms and Conditions of Nonqualified Stock Option
(“Appendix A”), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows: 

 

					
	 Maximum Number of Shares

Purchasable with this Option: «Shares»
	  	Purchase Price per share:	  	$«GrantPrice»
			
	Scheduled Vesting Date:	  	Number of Shares**:	  	
			
	«GrantDate»	  	«Shares»	  	

  

	*	See “Grant Summary” page on the service provider web-site. 

	**	Shares vest in whole share increments; fractions of shares vest only when they equal whole share increments. 

 

			
	 Event Triggering Termination of Option:
	  	Maximum
Time to
Exercise
After
Triggering
Event***:
		
	 Termination of Service due to Disability
	  	3 years
	 Termination of Service due to Retirement
	  	3 years
	 Termination of Service due to death
	  	3 years
	 Termination of Service due to completion of term as Director
	  	3 years
	 All other Terminations of Service
	  	3 months

  

	***	However, in no event may this option be exercised after the Expiration Date (except in certain cases of the death of the Director). 

Your acceptance online at the service provider web-site or, when provided, your signature on a copy of this Nonqualified Stock
Option Agreement, indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and termination of this option
is contained in Paragraphs 4 through 6 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A AND THE PLAN, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. YOU CAN REQUEST A COPY OF THE PLAN BY CONTACTING THE
CORPORATE HUMAN RESOURCES OFFICE IN PALO ALTO, CALIFORNIA. 

 Exhibit 10.4 
 For use in Singapore 
 APPENDIX A 

Non-Employee Director 
 TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTION 
 1. Grant of Option. The
Company hereby grants to the Director under the Plan, as a separate incentive in connection with his or her service and not in lieu of any other compensation for his or her services, a nonqualified stock option to purchase, on the terms and
conditions set forth in this Agreement and the Plan, all or any part of an aggregate of Shares Granted as specified on the “Grant Summary” page of the service provider web-site. This option is not intended to qualify as an “incentive
stock option” under Section 422 of the Internal Revenue Code of 1986, as amended. 
 2. Exercise Price. The
purchase price per Share for this option (the “Exercise Price”) shall be the Grant Price in USD as specified on the “Summary of Grant Award” page of the service provider web-site, which is the Fair Market Value of a Share on the
Grant Date. 
 3. Number of Shares. The number and class of Shares specified in Paragraph 1 above, and/or the
Exercise Price, are subject to adjustment by the Board of Directors of the Company (the “Board”) in the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock dividend, split-up, Share
combination or other change in the corporate structure of the Company affecting the Shares. 
 4. Vesting Schedule. The
right to exercise this option is scheduled to vest fully as of the Grant Date. 
 5. Expiration of Option. In the event
of the Director’s Termination of Service for any reason other than Disability, Retirement, completion of term as a Director or death, the Director may, within three (3) months after the date of such Termination, or prior to the Expiration
Date, whichever shall first occur, exercise this option. In the event of the Director’s Termination of Service due to Disability, or completion of term as a Director, Retirement, the Director may, within three (3) years after the date of
such Termination, or prior to the Expiration Date, whichever shall first occur, exercise this option. 
 6. Death of
Director. In the event that the Director dies while in the employ of the Company or during the three (3) month or three (3) year periods referred to in Paragraph 5 above, the Director’s designated beneficiary, or if either no
beneficiary survives the Director or the Board does not permit beneficiary designations, the administrator or executor of the Director’s estate, may, within three (3) years after the date of death, or prior to the Expiration Date,
whichever shall first occur, exercise this option. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of
this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement. 

7. Persons Eligible to Exercise Option. This option shall be exercisable during the Director’s lifetime only by the Director.
The option shall not be transferable by the Director, except by (a) a valid beneficiary designation made in a form and manner acceptable to the Board, or (b) will or the applicable laws of descent and distribution. 

  
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 8. Exercise of Option. This option may be exercised by the person then entitled to do
so as to any Shares which may then be purchased (a) by giving written notice of exercise to the Secretary of the Company (or his or her designee), specifying the number of full Shares to be purchased and accompanied by full payment of the
Exercise Price (and the amount of any income or other taxes the Company determines is required to be withheld by reason of such exercise), and (b) by giving satisfactory assurances in writing if requested by the Company, signed by the person
exercising the option, that the Shares to be purchased upon such exercise are being purchased for investment and not with a view to the distribution thereof. In the absolute discretion of the Board, the person entitled to exercise the option may
elect to satisfy the tax withholding requirement described in subparagraph (a) above by having the Company withhold Shares or delivering to the Company already-owned Shares. No partial exercise of this option may be for less than ten
(10) Share lots or multiples thereof. 
 9. Suspension of Exercisability. If at any time the Company shall
determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority, is necessary or
desirable as a condition of the purchase of Shares hereunder, this option may not be exercised, in whole or in part, unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any
conditions not acceptable to the Company. The Company shall make reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

 10. No Rights of Stockholder. Neither the Director (nor any beneficiary) shall be or have any of the rights or
privileges of a stockholder of the Company in respect of any of the Shares issuable pursuant to the exercise of this option, unless and until certificates representing such Shares shall have been issued, recorded on the records of the Company or its
transfer agents or registrars, and delivered to the Director (or beneficiary). 
 11. Service Acknowledgments. Nothing in
this Agreement or the Plan shall confer upon the Director any right to continue service on the Board of the Company or its Subsidiaries (as the case may be). In addition, the Director acknowledges and agrees to the following: 

(a) The Plan is discretionary in nature and the Company may amend, suspend, or terminate it at any time; 

(b) The grant of this option is voluntary and occasional and does not create any contractual or other right to receive future grants of
options, or benefits in lieu of the option even if the option has been granted repeatedly in the past; 
 (c) All
determinations with respect to such future options, if any, including but not limited to, the times when the options shall be granted or when the options shall vest, will be at the sole discretion of the Board; 

(d) The Director’s participation in the Plan is voluntary; 

(e) The value of this option is an extraordinary item of compensation, which is outside the scope of the Director’s service
contract (if any), except as may otherwise be explicitly provided in the Director’s service contract (if any); 

  
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 (f) This option is not part of normal or expected compensation for any purpose, including,
but not limited to, calculating termination, severance, resignation, redundancy, end of service, or similar payments, or bonuses, long-service awards, pension or retirement benefits; 

(g) The future value of the Shares is unknown and cannot be predicted with certainty; 

(h) No claim or entitlement to compensation or damages arises from the termination of the Option or diminution in value of the Option or
Shares and the Director irrevocably release the Company and its Subsidiaries from any such claim that may arise. 
 (i) Neither
the Plan nor this option shall be construed to create an employment or service relationship where any such relationship did not otherwise already exist. 
 12. Address for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care of its Secretary at 3100 Hansen Way, Palo Alto,
California 94304, or at such other address as the Company may hereafter designate in writing. 
 13. Option is Not
Transferable. Except as otherwise expressly provided herein, this option and the rights and privileges conferred hereby may not be transferred, pledged, assigned or otherwise hypothecated in any way (whether by operation of law or otherwise) and
shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, pledge, assign, hypothecate or otherwise dispose of this option, or of any right or privilege conferred hereby, or upon any attempted sale
under any execution, attachment or similar process, this option and the rights and privileges conferred hereby immediately shall become null and void. 
 14. Maximum Term of Option. Notwithstanding any other provision of this Agreement, this option is not exercisable after the Expiration Date. 

15. Binding Agreement. Subject to the limitation on the transferability of this option contained herein, this Agreement shall be
binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 16. Conditions to Exercise. The Exercise Price for this option must be paid in the legal tender of the United States (including, in the Board’s sole discretion, by means of a broker-assisted
cashless exercise) or, in the Board’s sole discretion, in Shares of equivalent value that (a) were previously issued to the Director and (b) have been held by the Director for at least six (6) months prior thereto. Exercise of
this option will not be permitted until satisfactory arrangements have been made for the payment of the appropriate amount of withholding taxes (as determined by the Company). If the Director fails to remit to the Company such withholding amount
within the time period specified by the Board (in its discretion), the award may be forfeited and in such case the Director shall not receive any of the Shares subject to this Agreement. 

17. Tax Liability. The Company and any of its Subsidiaries shall assess tax and social insurance contribution liability and
requirements in connection with the Director’s participation in the Plan, including, without limitation, tax liability and social insurance contribution liability associated with the grant or exercise of the option or sale of the underlying
Shares (the “Tax Liability”). These requirements may change from time to time as laws or 

  
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interpretations change. Regardless of the Company’s or any Subsidiary’s actions in this regard, the Director hereby acknowledges and agrees that the Tax Liability shall be the
Director’s ultimate responsibility and liability. The Director agrees as a condition of his or her participation in the Plan to make arrangements satisfactory to the Company and its Subsidiary to enable it to satisfy any withholding, payment
and/or collection requirements associated with the satisfaction of the Tax Liability, including authorizing the Company or the Subsidiary to: (i) withhold all applicable amounts from the Director’s wages or other cash compensation due to
the Director, in accordance with any requirements under the laws, rules, and regulations of the country of which the Director is a resident, and (ii) act as the Director’s agent to sell sufficient Shares for the proceeds to settle such
requirements. Furthermore, the Director agrees to pay the Company or the Subsidiary any amount the Company or any Subsidiary may be required to withhold, collect or pay as a result of the Director’s participation in the Plan or that cannot be
satisfied by deduction from the Director ‘s wages or other cash compensation paid to the Director by the Company or the Subsidiary or sale of the Shares acquired under the Plan. The Director acknowledges that he or she may not participate in
the Plan and the Company and the Subsidiary shall have no obligation to deliver Shares until the Tax Liability has been satisfied by the Director. 
 18. Data Protection. The Director hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data by and among, as
applicable, the Company and any Subsidiary for the exclusive purpose of implementing, administering and managing the Director’s participation in the Plan. The Director understands that the Company and its Subsidiaries may hold certain personal
information about the Director including, but not limited to, the Director’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title,
number of Shares held and the details of the Option or any other entitlement to Shares awarded, cancelled, vested, unvested or outstanding for the purpose of implementing, administering and managing the Director’s participation in the Plan (the
“Data”). The Director understands that the Data may be transferred to the Company or any Subsidiaries, or to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located
in the Director’s country or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the Director’s country. The Director understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting the Company. The Director authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of
implementing, administering and managing his or her participation in the Plan, including any requisite transfer of such Data to a broker or other third party assisting with the administration of the option under the Plan or with whom Shares acquired
pursuant to the exercise of the option or cash from the sale of such Shares may be deposited. Furthermore, the Director acknowledges and understands that the transfer of the Data to the Company or Subsidiaries or to any third parties is necessary
for his or her participation in the Plan. The Director understands that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the Plan. The Director understands that he or she may, at any
time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein by contacting the Company in writing. The Director further
acknowledges that withdrawal of consent may affect his or her ability to vest in, exercise or realize benefits from the option, and his or her ability to participate in the Plan. For more information on the consequences of refusal to consent or
withdrawal of consent, the Director understands that he or she may contact the Company. 

  
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 19. Plan Governs. This Agreement is subject to all of the terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms and phrases used and not defined in this Agreement shall have the
meaning set forth in the Plan. 
 20. Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of California, without reference to its principles of conflicts of law. 
 21. Compliance with Laws and
Regulations. The Director understands that the grant, vesting and exercise of this option under the Plan and the issuance, transfer, assignment, sale, or other dealings of the Shares shall be subject to compliance by the Company (and its
Subsidiaries) and the Director with all applicable laws, rules, and regulations. Furthermore, the Director agrees that he or she will not acquire Shares pursuant to the Plan except in compliance with all applicable laws, rules and regulations.

 22. Board Authority. The Board shall have all discretion, power, and authority to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith. All actions taken and all interpretations and determinations made by the Board in good faith shall be final and binding
upon the Director, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No member of the Board shall be personally liable for any action, determination or interpretation made in good faith with
respect to the Plan or this Agreement. 
 23. Captions. The captions provided herein are for convenience only and are not
to serve as a basis for the interpretation or construction of this Agreement. 
 24. Agreement Severable. In the event
that any provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Agreement.

 25. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects
covered. The Director expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in
an express written contract executed by a duly authorized officer of the Company. 
 26. Electronic Delivery and
Execution. The Company may, in its sole discretion, decide to deliver any documents related to options awarded under the Plan or future options that may be awarded under the Plan by electronic means or request Director’s consent to
participate in the Plan by electronic means. The Director hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or
another third party designated by the Company. Electronic execution of this Agreement and/or other documents shall have the same binding effect as a written or hard copy signature and accordingly, shall bind the Director and the Company to all of
the terms and conditions set forth in the Plan, this Agreement and/or such other documents. 

  
 5Form of Registrant's Restricted Stock Unit Agreement

 Exhibit 10.5 
 (For Use Inside the U.S.) 
 VARIAN MEDICAL SYSTEMS, INC. 

Third Amended and Restated 2005 Omnibus Stock Plan 
 RESTRICTED STOCK UNIT AGREEMENT 
 Varian Medical Systems, Inc. (the
“Company”) hereby awards to the designated employee (“Employee”), Restricted Stock Units under the Company’s Third Amended and Restated 2005 Omnibus Stock Plan (the “Plan”). The Restricted Stock Units awarded under
this Restricted Stock Unit Agreement (the “Agreement”) consist of the right to receive shares of common stock of the Company (“Shares”). The Grant Date is the date of this Agreement (the “Grant Date”). Subject to the
provisions of Appendix A of this Agreement (“Appendix A”) (attached) and of the Plan, the principal features of this award are as follows: 
  

			
	Total Number of Restricted Stock Units:	 	[NUMBER A]
		
	Scheduled Vesting Dates:	 	Number of Restricted Stock Units
		
	[[FEBRUARY 15th/MAY
18th/AUGUST 10th/NOVEMBER
21st]1 YEAR FROM GRANT DATE]	 	[33-1/3% of NUMBER A]
	[[FEBRUARY 15th/MAY
18th/AUGUST 10th/NOVEMBER
21st] 2 YEARS FROM GRANT DATE]	 	[33-1/3% of NUMBER A]
	[[FEBRUARY 15th/MAY
18th/AUGUST 10th/NOVEMBER
21st]3 YEARS FROM GRANT DATE]	 	[33-1/3% of NUMBER A]

 Your signature below indicates your agreement and understanding that this award is subject to all of the
terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and forfeiture of the Restricted Stock Units covered by this award is contained in Paragraphs 2 through 4 of Appendix A. PLEASE BE
SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. YOU CAN REQUEST A COPY OF THE PLAN BY CONTACTING THE CORPORATE HUMAN RESOURCES OFFICE IN PALO ALTO, CALIFORNIA. TO THE EXTENT ANY CAPITALIZED TERMS
USED IN APPENDIX A ARE NOT DEFINED HEREIN, THEY WILL HAVE THE MEANING ASCRIBED TO THEM IN THE PLAN. 

							
	VARIAN MEDICAL SYSTEMS, INC.	 		 	EMPLOYEE
				
	By:	 	  
	 		 	  

		 	Title:	 		 	[NAME]

  
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 Exhibit 10.5 
 (For Use Inside the U.S.) 
 APPENDIX A 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS 
 1. Award. The Company hereby awards to the Employee under the Plan as a separate incentive in connection with his or her employment, and not in lieu of any salary or other compensation for his or
her services, an award of [NUMBER A] Restricted Stock Units on the date hereof, subject to all of the terms and conditions in this Agreement and the Plan. 
 2. Vesting Schedule. Except as provided in Paragraphs 3 and 5, the Restricted Stock Units subject to this Agreement shall vest in the Employee, as to thirty-three and one-third percent (33-1/3%) of
the Shares covered by this Award on [February 15th/May
18th/August 10th/November
21st] of the year following the year this Award is
granted, and as to an additional thirty-three and one-third percent (33-1/3%) on each succeeding one-year anniversary of the first vesting date (each date, a “Vesting Date”), until one hundred percent (100%) of such Restricted Stock
Units shall have been vested. Restricted Stock Units shall not vest in the Employee in accordance with any of the provisions of Paragraph 2 unless the Employee (a) shall have been continuously employed by the Company or by one of its Affiliates
from the Grant Date until each Vesting Date or (b) shall have had a Termination of Service due to Retirement (in which case, vesting shall continue to occur on the scheduled Vesting Dates); provided, however, that if the Employee’s
Termination of Service due to the Employee’s Retirement occurs within one (1) year following the Grant Date, then the number of Restricted Stock Units subject to this Agreement shall be adjusted proportionally by the time during such one
(1) year period that the Employee remained an employee of the Company (based upon a 365 day year). For example, if the Employee is granted 6,000 Restricted Stock Units and the Employee Terminated Service due to the Employee’s
Retirement 30 days after the Grant Date, then the Employee’s number of Restricted Stock Units would be reduced from 6,000 shares to 493 shares (6,000 x 30/365) and the balance of the Restricted Stock Units would be cancelled. 

3. Committee Discretion. The Committee, in its absolute discretion, may accelerate the vesting (but not the settlement timing) of
the balance, or some lesser portion of the balance, of the unvested Restricted Stock Units at any time. If so accelerated, such Restricted Stock Units shall be considered as having vested as of the date specified by the Committee. 

4. Forfeiture. Except as provided in Paragraphs 2, 3 and 5 and notwithstanding any contrary provision of this Agreement, the
balance of the Restricted Stock Units which have not vested at the time of the Employee’s Termination of Service shall thereupon be forfeited. 
 5. Death of Employee. In the event of the Employee’s death prior to Employee’s Termination of Service, each Vesting Date of the Restricted Stock Units subject to this Agreement shall
fully accelerate and all of the Restricted Stock Units subject to this Agreement shall be settled at the time of Employee’s death. Any distribution or delivery to be made to the Employee under this Agreement shall, if the Employee is then
deceased, be made to the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations, to the administrator or executor of the Employee’s estate. Any
designation of a beneficiary by the Employee shall be effective only if such designation is made in a form and manner acceptable to the Committee. Any transferee must furnish the Company with (a) written notice of his or her status as
transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

  
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 6. Settlement of Restricted Stock Units. 

(a) Status as a Creditor. Unless and until Restricted Stock Units have vested in accordance with Paragraph 2, 3 or 5 above, the
Employee will have no settlement right with respect to any Restricted Stock Units. Prior to settlement of any vested Restricted Stock Units, the vested Restricted Stock Units will represent an unfunded and unsecured obligation of the Company,
payable (if at all) only from the general assets of the Company. The Employee is an unsecured general creditor of the Company, and settlement of Restricted Stock Units is subject to the claims of the Company’s creditors. 

(b) Form and Timing of Settlement. Restricted Stock Units will automatically be settled in the form of Shares upon the applicable
vesting of the Restricted Stock Units pursuant to Paragraph 2 or 5 above. Fractional Shares will not be issued upon the vesting of Restricted Stock Units. Where a fractional Share would be owed to the Employee upon the vesting of Restricted Stock
Units, a cash payment equivalent will be paid in place of any such fractional Share using the Fair Market Value on the relevant settlement date. 
 7. Tax Liability and Withholding. The Company or one if its Affiliates shall assess applicable tax liability and requirements in connection with the Employee’s participation in the Plan,
including, without limitation, tax liability associated with the grant or vesting of the Restricted Stock Units or sale of the underlying shares (the “Tax Liability”). These requirements may change from time to time as laws or
interpretations change. Regardless of the Company’s or the Affiliate’s actions in this regard, the Employee hereby acknowledges and agrees that the Tax Liability shall be the Employee’s responsibility and liability. The Employee
acknowledges that the Company’s obligation to issue or deliver Shares shall be subject to satisfaction of the Tax Liability. Unless otherwise determined by the Company, Tax Liability shall be satisfied by the Company’s withholding all or a
portion of any Shares that otherwise would be issued to the Employee upon settlement of the vested Restricted Stock Units; provided that amounts withheld shall not exceed the amount necessary to satisfy the Company’s tax withholding obligations
(minimum tax withholding obligations if necessary to avoid adverse accounting consequences). Such withheld Shares shall be valued based on the Fair Market Value as of the date the withholding obligations are satisfied. The Company or one if its
Affiliates may, at their discretion, use other methods to satisfy the Tax Liability. Furthermore, the Employee agrees to pay the Company or the Affiliate any Tax Liability that cannot be satisfied by the foregoing methods. 

8. Rights as Stockholder. Neither the Employee nor any person claiming under or through the Employee shall have any of the rights
or privileges of a stockholder of the Company in respect of any Restricted Stock Units (whether vested or unvested) unless and until such Restricted Stock Units are settled in Shares and certificates representing such Shares shall have been issued,
recorded on the records of the Company or its transfer agents or registrars, and delivered to the Employee. After such issuance, recordation and delivery, the Employee shall have all the rights of a stockholder of the Company with respect to voting
such Shares and receipt of dividends and distributions on such Shares. This Agreement does not provide for dividend equivalents. 

  
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 9. Acknowledgments. The Employee acknowledges and agrees to the following:

  

	 	•	 	 The Plan is discretionary in nature and the Committee may amend, suspend, or terminate it at any time; 

 

	 	•	 	 The grant of the Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future grants of
Restricted Stock Units, or benefits in lieu of the Restricted Stock Units even if the Restricted Stock Units have been granted repeatedly in the past; 

  

	 	•	 	 All determinations with respect to such future Restricted Stock Units, if any, including but not limited to, the times when the Restricted Stock
Units shall be granted or when the Restricted Stock Units shall vest, will be at the sole discretion of the Committee; 

  

	 	•	 	 The Employee’s participation in the Plan is voluntary; 

 

	 	•	 	 The value of the Restricted Stock Units is an extraordinary item of compensation, which is outside the scope of the Employee’s employment
contract (if any), except as may otherwise be explicitly provided in the Employee’s employment contract (if any); 

  

	 	•	 	 The Restricted Stock Units are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating
termination, severance, resignation, redundancy, end of service, or similar payments, or bonuses, long-service awards, pension or retirement benefits; 

  

	 	•	 	 The future value of the Shares is unknown and cannot be predicted with certainty; 

 

	 	•	 	 No claim or entitlement to compensation or damages arises from the termination of the Award or diminution in value of the Restricted Stock Units
or Shares, and the Employee irrevocably releases the Company and its Affiliates from any such claim that may arise; 

  

	 	•	 	 Neither the Plan nor the Restricted Stock Units shall be construed to create an employment relationship where any employment relationship did not
otherwise already exist; 

  

	 	•	 	 Nothing in this Agreement or the Plan shall confer upon the Employee any right to continue to be employed by the Company or any Affiliate or shall
interfere with or restrict in any way the rights of the Company or the Affiliate, which are hereby expressly reserved, to terminate the employment of the Employee under applicable law; 

 

	 	•	 	 The transfer of employment of the Employee between the Company and any one of its Affiliates (or between Affiliates) shall not be deemed a Termination
of Service; 

  

	 	•	 	 Nothing herein contained shall affect the Employee’s right to participate in and receive benefits under and in accordance with the then current
provisions of any pension, insurance or other employee welfare plan or program of the Company or any Affiliate. 

 10. Changes in Stock. In the event that as a result of a stock dividend, stock split, reclassification, recapitalization, combination of Shares or the adjustment in capital stock of the Company or
otherwise, or as a result of a merger, consolidation, spin-off or other reorganization, the Company’s common stock shall be increased, reduced or otherwise changed, the Restricted Stock Units shall, subject to Section 409A of the Code, be
properly adjusted. 

  
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 11. Address for Notices. Any notice to be given to the Company under the terms of
this Agreement shall be addressed to the Company, in care of its Secretary, at 3100 Hansen Way, Palo Alto, California 94304, or at such other address as the Company may hereafter designate in writing. 

12. Restrictions on Transfer. Except as provided in Paragraph 5 above, this award and the rights and privileges conferred hereby
shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge,
hypothecate or otherwise dispose of this award, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this award and the rights and privileges conferred hereby immediately shall
become null and void. Regardless of whether the transfer or issuance of the Shares to be issued pursuant to this Agreement has been registered under the Securities Act of 1933, as amended (the “1933 Act”) or has been registered or
qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of
stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the 1933 Act, the securities
laws of any state, or any other law. Stock certificates evidencing the Shares issued pursuant to this Agreement, if any, may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable laws or pursuant
to this Agreement. 
 13. Binding Agreement. Subject to the limitation on the transferability of this award contained
herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 14. Conditions for Issuance of Certificates for Stock. The Shares deliverable to the Employee upon settlement of vested Restricted Stock Units may be either previously authorized but unissued
Shares or issued Shares which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for Shares hereunder prior to fulfillment of all the following conditions: (a) the admission of such
Shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration or other qualification of such Shares under any state or federal law or under the rulings or regulations of the
Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; (c) the approval or other clearance from any state or federal governmental
regulatory body, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the Vesting Date as the Committee may establish from time to time for
reasons of administrative convenience. 
 15. Plan Governs. This Agreement is subject to all terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. 
 16. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without reference to its principles of conflicts of law. 

17. Committee Authority. The Committee shall have the power to interpret the Plan and this Agreement, and to adopt such rules for
the administration, interpretation and 

  
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application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee in good faith
shall be final and binding upon the Employee, the Company and all other interested persons. No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this
Agreement. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan and this Agreement. 

18. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction
of this Agreement. 
 19. Severability. In the event that any provision in this Agreement shall be held invalid or
unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Agreement. 

20. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered.
The Employee expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express
written contract executed by a duly authorized officer of the Company. 
 21. Amendment, Suspension or Termination of the
Plan. By accepting this award, the Employee expressly warrants that he or she has received a right to an equity based award under the Plan, and has received, read, and understood a description of the Plan. The Employee understands that the Plan
is discretionary in nature and may be modified, suspended, or terminated by the Company at any time. 
 22.
Authorization to Release and Transfer Necessary Personal Information. The Employee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data by and
among, as applicable, the Company and the Affiliates for the exclusive purpose of implementing, administering and managing the Employee’s participation in the Plan. The Employee understands that the Company and the Affiliates may hold certain
personal information about the Employee including, but not limited to, the Employee’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality,
job title, number of Shares held and the details of all Restricted Stock Units or any other entitlement to Shares awarded, cancelled, vested, unvested or outstanding for the purpose of implementing, administering and managing the Employee’s
participation in the Plan (the “Data”). The Employee understands that the Data may be transferred to the Company or any of the Affiliates, or to any third parties assisting in the implementation, administration and management of the Plan,
that these recipients may be located in the Employee’s country or elsewhere, and that the recipients’ country may have different data privacy laws and protections than the Employee’s country. The Employee understands that he or she
may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The Employee authorizes the recipients to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the sole purpose of implementing, administering and managing his or her participation in the Plan, including any requisite transfer of such Data to a broker or other third party assisting with the administration of
Restricted Stock Units under the Plan or with whom Shares acquired pursuant to the vesting of the Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore, the Employee acknowledges and understands that the transfer
of the Data to the Company or the Affiliates or to any third parties is necessary for his or her participation in the Plan. The Employee understands 

  
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that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the Plan. The Employee understands that he or she may, at any time, view the
Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein by contacting his or her local human resources representative in writing. The
Employee further acknowledges that withdrawal of consent may affect his or her ability to vest in or realize benefits from the Restricted Stock Units, and his or her ability to participate in the Plan. For more information on the consequences of
refusal to consent or withdrawal of consent, the Employee understands that he or she may contact his or her local human resources representative. 
 23. [Electronic Delivery: By executing this Agreement Employee consents to the electronic delivery of the Plan documents and this Agreement.] 

24. [Execution of this Agreement: Execution of this Agreement, whether in writing or electronic, shall have the same
binding effect and shall fully bind Employee and the Company to all of the terms and conditions set forth in this Agreement and the Plan.] 
 o    0    o 

  
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