Document:

Form of Registrant's Restricted Stock Agreement

 Exhibit 10.1 
 VARIAN MEDICAL SYSTEMS, INC. 
 Second Amended and Restated 2005 Omnibus Stock Plan 
 RESTRICTED STOCK AGREEMENT 
 Varian Medical
Systems, Inc. (the “Company”) hereby grants to the designated employee (“Employee”), a grant of Restricted Stock under the Company’s Second Amended and Restated 2005 Omnibus Stock Plan (the “Plan”). The Restricted
Stock granted hereunder consists of 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 (attached) and of the Plan, the
principal features of this grant are as follows: 
  

			
	 Total Number of Shares of Restricted Stock:
	  	 
		  	[NUMBER A]
		
	 [OPTION 1:
	  	
		
	 Scheduled Vesting Dates:
	  	Number of Shares*
	 [DATE 6 MONTHS FROM GRANT DATE]
	  	[50% of NUMBER A]
	 [DATE 1 YEAR FROM GRANT DATE]
	  	[50% of NUMBER A]
		
	 OPTION 2:
	  	
		
	 Scheduled Vesting Dates:
	  	Number of Shares*
	 [DATE 1 YEAR FROM GRANT DATE]
	  	[50% of NUMBER A]
	 [DATE 2 YEARS FROM GRANT DATE]
	  	[50% of NUMBER A]
		
	 OPTION 3:
	  	
		
	 Scheduled Vesting Dates:
	  	Number of Shares*
	 [DATE 1 YEAR FROM GRANT DATE]
	  	[33-1/3% of NUMBER A]
	 [DATE 2 YEARS FROM GRANT DATE]
	  	[33-1/3% of NUMBER A]
	 [DATE 3 YEARS FROM GRANT DATE]
	  	[33-1/3% of NUMBER A]
		
	 OPTION 4:
	  	
		
	 Scheduled Vesting Dates:
	  	Number of Shares*
	 [DATE 1 YEAR FROM GRANT DATE]
	  	[25% of NUMBER A]
	 [DATE 2 YEARS FROM GRANT DATE]
	  	[25% of NUMBER A]
	 [DATE 3 YEARS FROM GRANT DATE]
	  	[25% of NUMBER A]
	 [DATE 4 YEARS FROM GRANT DATE]
	  	[25% of NUMBER A]

			
	 OPTION 5:
	  	
		
	 Total Number of Shares of Restricted Stock:
	  	 
	  	  	[NUMBER A]
		
	 Scheduled Vesting Dates:
	  	Number of Shares*
	 [DATE 1 YEAR FROM GRANT DATE]
	  	[15% of NUMBER A]
	 [DATE 2 YEARS FROM GRANT DATE]
	  	[15% of NUMBER A]
	 [DATE 3 YEARS FROM GRANT DATE]
	  	[15% of NUMBER A]
	 [DATE 4 YEARS FROM GRANT DATE]
	  	[15% of NUMBER A]
	 [DATE 5 YEARS FROM GRANT DATE]
	  	[40% of NUMBER A]]

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

 Your acceptance online at the service provider web-site or, when provided, your signature of a copy of this Restricted Stock Agreement indicates your
agreement and understanding that this grant 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 Shares covered by this grant is contained
in Paragraphs 3 through 6 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. 
  

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 APPENDIX A 
 TERMS AND CONDITIONS OF RESTRICTED STOCK 
 1. Grant. The Company hereby grants 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] Shares of Restricted Stock on the date hereof, subject to all of the terms
and conditions in this Agreement and the Plan. 
 2. Shares Held in Escrow. Unless and until the Shares of Restricted Stock shall have
vested in the manner set forth in Paragraphs 3 or 4, such Shares shall be issued in the name of the Employee and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred or otherwise
disposed of, and shall not be pledged or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Restricted Stock or otherwise note its records as to the
restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing such Shares shall not be delivered by the Escrow Agent to the Employee unless and until the Shares have vested and all other terms and
conditions in this Agreement have been satisfied. 
 [OPTION 1: 
 3. Vesting Schedule. Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement shall vest in the Employee, as to fifty percent (50%) of such Shares six months from the
date of this Award, and as to the remainder fifty percent (50%) on the first anniversary of the date of this Award, until one hundred percent (100%) of such Shares shall have been vested. Shares of Restricted Stock shall not vest in the
Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the date such vesting is deemed to have occurred.

 OPTION 2: 
 3. Vesting
Schedule. Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement shall vest in the Employee, as to fifty percent (50%) of such Shares one year from the date of this Award, and as to the remainder fifty
percent (50%) on the second anniversary of the date of this Award, until one hundred percent (100%) of such Shares shall have been vested. Shares of Restricted Stock shall not vest in the Employee in accordance with any of the provisions
of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the date such vesting is deemed to have occurred. 
 OPTION 3: 
 3. Vesting Schedule.
Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement shall vest in the Employee, as to thirty-three and one-third percent (33-1/3%) of such Shares on the first anniversary of the date of this Award, and as to
an additional thirty-three and one-third percent (33-1/3%) on each succeeding one-year increments of the anniversary date, until one hundred percent (100%) of such Shares shall have been vested. Shares of Restricted Stock shall not vest in the
Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the date such vesting is deemed to have occurred.

 OPTION 4: 
 3. Vesting Schedule. Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement shall vest in the Employee, as to twenty-five percent (25%) of such Shares on the first
anniversary of the date of this Award, and as to an additional twenty-five percent (25%) on each succeeding one-year increments of the anniversary date, until one hundred percent (100%) of such Shares shall have been vested. Shares of Restricted
Stock shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the date such vesting is
deemed to have occurred. 
 OPTION 5: 
 3. Vesting Schedule. Except as provided in Paragraph 4, the Shares of Restricted Stock awarded by this Agreement shall vest in the Employee, as to fifteen percent (15%) of such Shares on each of the first four one-year
anniversaries of the date of this Award, and as to an additional forty percent (40%) on the fifth anniversary of the date of this Award, until one hundred percent (100%) of such Shares shall have been vested. Shares of Restricted Stock
shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Affiliates from the Grant Date until the date such vesting is deemed
to have occurred.] 
 4. Committee Discretion. The Committee, in its absolute discretion, may accelerate the vesting of the balance,
or some lesser portion of the balance, of the unvested Shares of Restricted Stock at any time. If so accelerated, such Shares shall be considered as having vested as of the date specified by the Committee. 
 5. Forfeiture. Except as provided in Paragraph 4, and notwithstanding any contrary provision of this Agreement, the balance of the Shares of
Restricted Stock which have not vested at the time of the Employee’s Termination of Service shall thereupon be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. The Employee hereby appoints the
Escrow Agent with full power of substitution, as the Employee’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of the Employee to take any action and execute all documents and instruments,
including, without limitation, stock powers which may be necessary to transfer the certificate or certificates evidencing such unvested Shares to the Company upon such Termination of Service. 
 6. Death of Employee. Any distribution or delivery to be made to the Employee under this Agreement shall, if the Employee is then deceased, be
made to the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations, to the administrator or executor of the Employee’s estate. Any designation of a
beneficiary by the Employee shall be effective only if such designation is made in a form and manner acceptable to the Committee. Any transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence
satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 
 7. Withholding of Taxes. Notwithstanding any contrary provision of this Agreement, no certificate representing Restricted Stock may be released from the escrow established pursuant to Paragraph 2 unless and until the Employee shall
have delivered to the Company or its designated Affiliate the full amount of any federal, state or local income or other taxes which the Company or such Affiliate may be required by law to withhold with respect to such Shares. The Employee may elect
to satisfy any such income tax withholding requirement by having the Company withhold Shares of Common Stock otherwise deliverable to the Employee 

  

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or by delivering to the Company already-owned Shares of Common Stock, subject to the absolute discretion of the Committee to disallow satisfaction of such
withholding by the delivery or withholding of stock. If the Employee fails to remit to the Company such withholding amount within the time period specified by the Committee (in its discretion), the award may be forfeited and in such case the
Employee shall not receive any of the Shares subject to this Agreement. 
 8. Rights as Stockholder. Neither the Employee nor any
person claiming under or through the Employee shall have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares shall have been issued,
recorded on the records of the Company or its transfer agents or registrars, and delivered to the Employee or the Escrow Agent. Except as provided in Paragraph 10, after such issuance, recordation and delivery, the Employee shall have all the rights
of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 9. No
Effect on Service. The Employee’s employment with the Company and its Affiliates is on an at-will basis only. Accordingly, subject to any written, express employment with the Employee, nothing in this Agreement or the Plan shall confer upon
the Employee any right to continue to be employed by the Company or any Affiliate or shall interfere with or restrict in any way the rights of the Company or the Affiliate, which are hereby expressly reserved, to terminate the employment of the
Employee at any time for any reason whatsoever, with or without good cause. Such reservation of rights can be modified only in an express written contract executed by a duly authorized officer of the Company or the Affiliate employing or otherwise
engaging the Employee. For purposes of this Agreement, the transfer of the employment of the Employee between the Company and any one of its Affiliates (or between Affiliates) shall not be deemed a Termination of Service. Nothing herein contained
shall affect the Employee’s right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance or other employee welfare plan or program of the Company or any Affiliate. 

10. Changes in Stock. In the event that as a result of a stock dividend, stock split, reclassification, recapitalization, combination of Shares
or the adjustment in capital stock of the Company or otherwise, or as a result of a merger, consolidation, spin-off or other reorganization, the Company’s Common Stock shall be increased, reduced or otherwise changed, and by virtue of any such
change the Employee shall in his or her capacity as owner of unvested Shares of Restricted Stock which have been awarded to him or her (the “Prior Shares”) be entitled to new or additional or different Shares of stock or securities (other
than rights or warrants to purchase securities); such new or additional or different Shares or securities shall thereupon be considered to be unvested Restricted Stock and shall be subject to all of the conditions and restrictions which were
applicable to the Prior Shares pursuant to this Agreement and the Plan. If the Employee receives rights or warrants with respect to any Prior Shares, such rights or warrants may be held or exercised by the Employee, provided that until such exercise
any such rights or warrants and after such exercise any Shares or other securities acquired by the exercise of such rights or warrants shall be considered to be unvested Restricted Stock and shall be subject to all of the conditions and restrictions
which were applicable to the Prior Shares pursuant to the Plan and this Agreement. The Committee in its absolute discretion at any time may accelerate the vesting of all or any portion of such new or additional Shares of stock or securities, rights
or warrants to purchase securities or Shares or other securities acquired by the exercise of such rights or warrants. 
 11. Address for
Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care of its Secretary, at 3100 Hansen Way, Palo Alto, California 94304, or at such other address as the Company may hereafter
designate in writing. 
  

 A-3 

 12. Grant is Not Transferable. Except as provided in Paragraph 6 above, this grant and the rights
and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges
conferred hereby immediately shall become null and void. 
 13. Binding Agreement. Subject to the limitation on the transferability of
this grant contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 14. Conditions for Issuance of Certificates for Stock. The Shares of stock deliverable to the Employee may be either previously authorized but
unissued Shares or issued Shares which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for Shares of stock hereunder prior to fulfillment of all the following conditions: (a) the
admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; and (b) the completion of any registration or other qualification of such Shares under any State or Federal law or under the rulings or
regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and (c) the obtaining of any approval or other clearance from any
State or Federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the date of grant of the Restricted Stock as the
Committee may establish from time to time for reasons of administrative convenience. 
 15. Plan Governs. This Agreement is subject to
all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms used and not defined in this
Agreement shall have the meaning set forth in the Plan. 
 16. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of 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 application of the Plan as are consistent therewith and to interpret or revoke any such
rules. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon the Employee, the Company and all other interested persons. No member of the Committee shall be personally liable
for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under
the Plan and this Agreement. 
 18. Captions. Captions provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Agreement. 
 19. Agreement Severable. In the event that any provision in this Agreement shall
be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Agreement. 
  

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 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. 
 o 0 o 
  

 A-5Executive Insurance Program

 Exhibit 10.A 
 MINE SAFETY APPLIANCES COMPANY 
 EXECUTIVE INSURANCE PROGRAM 
 As Amended and Restated Effective January 1, 2006 
 Section 1—Purpose 
 The purpose of the Executive Insurance Program (“EIP” or “Plan”) is
to enable Mine Safety Appliances Company (the “Company”) to assist certain of the Company’s senior management employees in providing life insurance benefits for their families and dependents during their working career with the
Company and to provide them with additional flexibility and post-employment benefits upon their retirement from active employment with the Company. This result is to be accomplished by substituting, for each eligible employee, all but $50,000 of
group term life insurance with individual life insurance. All of the premium cost will be paid by the Company. 
 Section 2—Definitions

 The following definitions shall apply for purposes of the Plan unless another meaning is clearly required by the context.

 “Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under the Exchange Act. 
 “Beneficiary” shall mean any person, persons or entity who or which may be designated by a Participant as the recipient of any benefits
to which the same may be entitled under the terms of the Plan upon the death of the Participant. 
 “Board” shall mean the
Board of Directors of the Company as it may be constituted from time to time. 
 “Company” shall mean Mine Safety Appliances
Company, including any subsidiaries or affiliates, or any successor thereto, except that in the definitions provided in this Section 2 of Change in Control and of Person, “Company” shall mean only the Mine Safety Appliances Company.

 “Change in Control” shall be deemed to have occurred if the event set forth in any one of the following paragraphs shall
have occurred: 
 (I) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not
including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Affiliates (which term shall have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act))
representing thirty percent (30%) or more of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (i) of
paragraph (III) below; or 
 (II) the following individuals cease for any reason to constitute a majority of the number of
directors then serving: individuals who, on January 1, 2001, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not
limited to a consent solicitation, relating to the election 

 
of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or
recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on January 1, 2001 or whose appointment, election or nomination for election was previously so approved or recommended; or

 (III) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company
with any other corporation, other than (i) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any
subsidiary of the Company, at least fifty-one percent (51%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (ii) a
merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing thirty percent
(30%) or more of the combined voting power of the Company’s then outstanding securities; or 
 (IV) the shareholders
of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or
disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty-one percent (51%) of the combined voting power of the voting securities of which are owned by shareholders of the Company in
substantially the same proportions as their ownership of the Company immediately prior to such sale. 
 Notwithstanding the foregoing, a Change in Control
shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the common stock of the Company immediately prior to such transaction or
series of transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 
 “Death Benefit” shall mean the gross amount payable by an Insurer under the terms of a policy issued hereunder upon the death of a
Participant. A portion of the Death Benefit, referred to as the “Insurance Amount” (as listed in the “Table of Insurance Amounts” attached hereto), will be paid to the Participant’s Beneficiaries and the balance paid to the
Company. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 “Insurer” shall mean the Connecticut Mutual Life Insurance Company and/or any other insurance carrier selected by the Company to issue
Policies hereunder and which is authorized to do business in the Commonwealth of Pennsylvania. 
 “Participant” shall mean
any member of senior management of the Company authorized by the Board to participate in the Plan. 

 “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as
modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the
Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the
same proportions as their ownership of stock of the Company, or (v) any individual or entity [including the trustees (in such capacity) of any such entity which is a trust] which is, directly or indirectly, the Beneficial Owner of securities of
the Company representing five percent (5%) or more of the combined voting power of the Company’s then outstanding securities immediately before the date hereof or any Affiliate of any such individual or entity, including, for purposes of
this Plan, any of the following: (A) any trust (including the trustees thereof in such capacity) established by or for the benefit of any such individual; (B) any charitable foundation (whether a trust or a corporation, including the
trustees or directors thereof in such capacity) established by any such individual; (C) any spouse of any such individual; (D) the ancestors (and spouses) and lineal descendants (and spouses) of such individual and such spouse;
(E) the brothers and sisters (whether by the whole or half blood or by adoption) of either such individual or such spouse; or (F) the lineal descendants (and their spouses) of such brothers and sisters. 
 “Plan” shall mean the Executive Insurance Program described herein. 
 “Policy” shall mean an insurance contract issued by an Insurer on the life of a Participant. 
 “Retired Participant” shall mean a Vested Participant who has terminated his employment with the Company on or after attainment of age
55. 
 “Vested Participant” shall mean a Participant whose combined age and service with the Company (in whole years and
months) equals or exceeds 70, and as a result, shall be vested in the post-employment benefits described in Section 7. 
 Section 3—Eligibility 
 Those members of management who are eligible to participate in the Executive
Insurance Program shall be the Chief Executive Officer of the Company and such other key members of senior management as shall be designated from time to time by the Chief Executive Officer of the Company and approved for participation by the Board
of Directors. 
 Section 4—Amount and Effective Date of Coverage 
 The initial amount of life insurance coverage provided under the Plan to those selected for participation as of the effective date of the Plan shall be as
described in the “Table of Insurance Amounts” attached hereto. The amount of life insurance provided to executives who are selected for participation after the effective date of the Plan shall be in an amount determined by the Chief
Executive Officer and approved by the Board at the time of their selection. 
 The effective date of insurance coverage hereunder shall be
the later of the date of the employee’s selection for participation herein or acceptance by the Insurer as a standard risk. The cancellation of a Participant’s group term life insurance in excess of $50,000, and his actual participation in
this Plan shall be conditioned upon his insurability in a standard risk category for the benefit to be provided herein or, if not insurable in a standard risk category, the acceptance by the Company of the non-standard risk category proposed by the
Insurer. 
 The Board reserves the right to change the amount of insurance on the life of any Participant from time to time, and any such
change in the level of insurance shall be effective as 

 
of the later of the first day of the month coincident with or next following the effective date of the change or the date of acceptance by the Insurer of the
new insurance amount at standard rates, or acceptance by the Company of an offer of insurance made by the Insurer at non-standard rates; provided, however, that, from and after the first date on which the combined age and service of any Participant
(whether a Retired Participant or an active Participant) satisfy the Rule of 70 (as the satisfaction of such Rule is described in the definition of Retired Participant which appears in Section 2 hereof) or will have satisfied the
Rule of 70 upon an assumed immediate termination of employment (as the requirements for satisfaction of such Rule may have been modified by any written Severance Agreement between the Company and such Participant), the amount of insurance
on the life of such Participant (sometimes referred to in this Plan as the “Insurance Amount”) cannot be decreased. 
 Section 5—Payment for Coverage 
 The cost of the applicable amount of life insurance on the life of the
Participant shall be paid when due by the Company. The Company shall annually furnish each Participant with a statement of imputed income reportable by the Participant for income tax purposes as a result of the payment. 
 Section 6—Payment of Proceeds Upon Death While Employed 
 In the event of the death of the Participant while employed by the Company, the gross death benefit payable under the Policy shall be split between the Company and the Participant’s Beneficiary. The Beneficiary
shall receive an amount equal to the Insurance Amount and the Company shall receive the difference between the gross Death Benefit and the Insurance Amount. The amounts payable to the Company and the Beneficiary shall be paid directly to each payee
by the Insurer. 
 Section 7—Options Upon Retirement of a Participant 
 Subject to Section 8 hereof, at any time prior to the year in which a Participant becomes a Retired Participant, he shall have the right to make an
irrevocable election in writing of one of the following three options with respect to his Insurance Amount. If a Participant shall fail to make such an election, he shall be deemed to have elected the supplemental retirement benefit payments
described in this Section 7 as Option 3. 
 (1) Maintain the Existing Arrangement. Under this option the Executive Insurance
Program would remain as it existed prior to the Participant’s retirement. For federal income tax purposes, a Retired Participant will be deemed to have received imputed income, but the Death Benefit received by the Participant’s
Beneficiary will not be subject to federal income tax. 
 (2) Company-Paid Post-Retirement Death Benefit. Alternatively, the
Participant can elect not to continue the Executive Insurance Program, but in lieu thereof, can elect a non-insured post-retirement death benefit equal to the Insurance Amount in effect at the date of the Participant’s retirement. Under this
Option there is no imputed income for tax purposes to the Retired Participant but the Death Benefit paid to the Participant’s Beneficiary by the Company will be subject to federal income tax when received. 
 (3) Supplemental Retirement Benefits. Rather than a continuation of the Death Benefit described in either Option 1 or Option 2 above, a
Participant can elect to receive a series of supplemental retirement payments which, in the aggregate, equal three-quarters (75%) of the pre-retirement Insurance Amount except that for a Participant who will receive supplemental retirement
benefits under this Section 7(3) for the first time on or after January 1, 2001, such Participant can elect to receive a series of supplemental retirement payments which, in the 

 
aggregate, equal one hundred (100%) percent of the pre-retirement Insurance Amount. Payment of the supplemental retirement benefits shall be made in a
series of approximately equal semi-monthly payments over a period of 15 years. Payment of such semi-monthly payments to the Retired Participant shall commence no later than sixty days after the Retired Participant’s termination of
employment with the Company. 
 If the Supplemental Retirement Benefits Option is elected by a Participant, and if the Retired Participant
dies prior to the completion of the 15-year payment period, the then unpaid installments shall continue to be paid to the Retired Participant’s Beneficiary or, at the discretion of the Board, may be commuted and paid to such Beneficiary in a
single sum. In the event the Participant has not designated a Beneficiary, or if the Beneficiary does not survive the Participant, the unpaid balance of installments shall be paid in a single sum to the Participant’s estate or personal
representative. 
 Section 8—Effect of a Change in Control 
 Notwithstanding any other provision of this Plan, if a Vested Participant’s termination of
employment occurs on, or within the three-year period immediately following, a Change in Control and the Vested Participant thereupon becomes a Retired Participant within the meaning of Section 2 hereof (the determination of such Retired
Participant status taking into account any relevant provision in any written Severance Agreement the Participant may have with the Company), then, not later than the fifth (5th
) business day following such termination, the Company shall pay the Retired Participant a lump sum amount equal to the present value of the series of supplemental retirement payments
described as Option 3 in Section 7 hereof to which the Retired Participant would otherwise be entitled if the Retired Participant had elected Option 3. The Company’s payment of such lump sum shall be in lieu of making payment to
the Retired Participant in accordance with any option described in Section 7 hereof. For purposes of this Section 8, such present value shall be determined using a discount rate equal to 120% of the applicable rate provided in
section 1274(b)(2)(B) of the Internal Revenue Code of 1986, as amended from time to time. 
 Section 9—Administration, Amendment,
Termination 
 The Board, or its delegate, shall be the “Administrator” of this Plan, and shall have full power and
authority to interpret, construe and administer the same. Any such interpretation and construction shall be final and binding upon any and all parties in interest. In addition, the Board shall have the right to amend this Plan from time to time, and
to terminate it at any time. 
 Section 10—Miscellaneous Matters 
 (a) No Right to Assets. No Participant, Beneficiary or other person or entity claiming entitlement to any benefit from or through such person shall
have any right to or title in any policy or any other asset obtained by the Company for the purpose of funding the benefits provided hereunder except as otherwise expressly provided herein. 
 (b) Alienation. Except with respect to the designation of a Beneficiary to be the recipient of any death benefits hereunder, or the assignment of
the incidents of ownership of any death benefits hereunder, the interest of Participants and their Beneficiaries under the Plan are not in any way subject to their debts or other obligations and may not be voluntarily or involuntarily sold,
transferred, assigned, alienated or encumbered, and any attempt to do so shall be void. 
 (c) Construction. The Plan shall be
construed and administered according to the laws of the Commonwealth of Pennsylvania and any federal laws which may from time to time be 

 
applicable. Whenever any words are used herein in the masculine gender, they shall be construed as though they were also used in the feminine gender in all
cases where they would apply, and whenever any words are used in the singular form, they shall be construed as though they were also used in the plural form in all cases where they would so apply. Headings of Sections of this instrument are inserted
for convenience of reference only and as such they constitute no part of this Plan and are not to be considered in the construction hereof. 
 (d) Limitation of Benefit. All benefits hereunder except those described in Section 8 and Options 2 and 3 of Section 7 shall be payable solely by the Insurer(s) under the Policies issued hereunder, and the Company does
not assume any liability or responsibility therefor or guarantee such benefits. The liability and responsibility of the Company are strictly limited to the provisions of this Plan. 

 TABLE OF INSURANCE AMOUNTS 
  

				
	 Title
	  	Amount
	 Chairman
	  	$	1,000,000
	 President
	  	$	750,000
	 Vice President
	  	$	600,000
	 Executive
	  	$	300,000

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