Document:

Varian, Inc. Supplemental Retirement Plan

 Exhibit 10.7 
  
 VARIAN, INC. 
 SUPPLEMENTAL RETIREMENT PLAN 
 (as amended and restated effective November 13, 2008) 
  
 SECTION 1 
 BACKGROUND, PURPOSE AND DURATION 
  
 1.1 Effective Date. The Plan, as amended and restated, is effective as of November 13, 2008. 
  
 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 “Bonus” means the cash-based incentive award (if any)
payable to a Participant under the Company’s Management Incentive Plan or any other Company bonus plan or policy. 
  
 2.2 “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. 
  
 2.3 “Committee” means the Compensation Committee of the
Company’s Board of Directors. 
  
 2.4
“Company” means Varian, Inc., a Delaware corporation, or any successor thereto. 
  
 2.5 “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 2008 is $230,000. 
  
 2.6 “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. 

 2.7 “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. 
  
 2.8 “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. 
  
 2.9 “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. 
  
 2.10 “Plan” means the Varian, Inc. Supplemental Retirement Plan, as set forth in this instrument and as hereafter amended from time to time. 
  
 2.11 “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. 
  
 2.12 “Reserve Account” means the unfunded bookkeeping account described in Section 3.2. 
  
 2.13 “Retirement Plan” means the Varian, Inc. Retirement
Plan, as amended from time to time. 
  
 2.14
“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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 2.15 “VAI” means Varian Associates, Inc., a Delaware corporation. 
  
 2.16 “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 

  

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$15,500 for 2008), 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; 
  
 (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
or her 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) Initial Deferral Elections and Election Periods. 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. If the Participant timely files a written deferral election with the Company, the Participant’s deferral election shall
apply only to his or her Eligible Earnings (other than Bonuses) to be paid for the remainder of the then-current calendar year following the close of the Election Period. For the avoidance of doubt, with respect to the 

  

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calendar year when an individual first becomes eligible to participate in the Plan, an individual’s Bonuses will not constitute Eligible Earnings.
Further, his or her deferral election shall apply only to Eligible Earnings (other than Bonuses) to be paid following the date when the Participant’s Retirement Plan contributions would exceed the limitation in effect under Section 402(g)
of the Code ($15,500 for 2008) or when the Participant’s Retirement Plan contributions, 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. Notwithstanding the foregoing, if, at the time the Participant first becomes eligible to participate in the Plan, the Participant already has contributed to a prior employer’s plan the maximum amount permitted under
Section 402(g) of the Code for the Plan Year, his or her deferral election shall apply to Eligible Earnings (other than Bonuses) to be paid for the remainder of the then-current calendar year following the close of the Election Period. If a
Participant elects to make deferrals under the Plan for the remainder of the calendar year, he or she also must make a deferral election under the Retirement Plan during the Election Period unless the Participant has already contributed to a prior
employer’s plan the maximum amount permitted under Section 402(g) of the Code for the Plan Year. Notwithstanding any contrary provision of the Retirement Plan, the Participant’s deferral election under the Retirement Plan shall be
irrevocable as of the last day of the Election Period. 
  
 (b)
Subsequent Deferral Elections and Election Periods. An individual who is eligible to participate in the Plan may elect to become a Participant (or to continue or reinstate his or her active participation) in the Plan for any subsequent Plan
Year by filing a written deferral election with the Company during the month of December immediately preceding the Plan Year for which a deferral election is being made. 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 provision 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. Notwithstanding anything herein to the contrary, an individual’s deferral election for the Plan will apply to the Bonus portion(s) (if any) of the individual’s Eligible Earnings only if
the Bonus portion(s) (if any) qualifies as “performance-based compensation” under Section 409A of the Code and Treas. Reg. Section 1.409A-1(e) and the individual performs services continuously from the later of the beginning of
the applicable performance period or the date the applicable performance criteria are established through the date the deferral election is made. However, in no event may a deferral election apply to the Bonus portion(s) (if any) of an
individual’s Eligible Earnings after the Bonus(es) has become readily ascertainable. If the Committee, in its sole discretion, permits a separate deferral election solely with respect to the Bonus portion(s) (if any) of an individual’s
Eligible Earnings, this deferral election must be made at such time as is permitted by the Committee (but not later than the deadline specified in Section 409A of the Code and Treas. Reg. Section 1.409A-2(a)(8)). 
  
 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 the Election Period then becomes irrevocable. 
  

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 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-1(h)) but in no event later than the 15th day of the third calendar month following the Participant’s separation from service; provided, however, that if this period ends in the calendar year following the year in which the Participant separates from
service, the Participant shall not have the right to designate the calendar year in which payment will be made; provided, further, that payment to “specified employees” (within the meaning of Treas. Reg. Section 1.409A-1(i)) in
connection with a separation from service (other than upon death) shall occur no sooner than six (6) months and one (1) day after such separation. 
  
 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. 
  
 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 

  

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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 be ineligible to make elective deferrals to the Plan, beginning with the Plan Year immediately following the Plan Year in which the Participant receives a distribution under this
Section 4.4. 
  
 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, but in no
event later than the 15th day of the third calendar month following the date of the Participant’s death; provided, however, that if such period
ends in the calendar year following the year in which the Participant separates from service, neither the Participant nor his or her beneficiary or beneficiaries shall have the right to designate the calendar year in which payment will be made.

  
 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. 
  
 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, but not limited to, any applicable payroll of other tax). 
  
 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. 
  

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 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. 
  
 (a) The Company, 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, reduce the balance then credited to the Participant’s Reserve Account; 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. Subject to the restrictions imposed by Section 409A of the Code and
associated Treasury Regulations, 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. 
  
 (b) Without limiting the generality of the foregoing, the Company reserves
the right to terminate the Plan in accordance with one of the following, subject to the restrictions imposed by Section 409A of the Code and associated Treasury Regulations: 
  
 (i) Dissolution or Bankruptcy. Distributions will be made if the Plan is terminated within twelve (12) months
of a dissolution of the Company taxed under IRC Section 331, or with the approval of a bankruptcy court pursuant to 11 U.S.C. Section 503(b)(1)(A), provided that the amounts deferred under the Plan are included in the Participant’s
gross income in the latest of: 
  
 (A) The calendar year in
which the Plan termination occurs; 
  
 (B) The calendar year in
which the amount is no longer subject to a substantial risk of forfeiture; or 
  
 (C) The first calendar year in which the payment is administratively practicable. 
  
 (ii) Change of Control. Distributions will be made if the Company terminates the Plan within the thirty (30) days preceding or the twelve
(12) months following a change in the ownership of the Company, a change in the effective control of the Company, or a 

  

 10 

 
change in the ownership of a substantial portion of the assets of the Company as determined in accordance with Section 409A(a)(2)(A)(v) of the Code and
Treasury Regulation Section 1.409A-3(i)(5). The Plan will then be treated as terminated only if all substantially similar arrangements sponsored by the Company and required to be aggregated with the Plan are terminated so that all Participants
in all such arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within twelve (12) months of the date of termination of the arrangements. 
  
 (iii) Discretionary Termination. The Company may also terminate the
Plan and make distributions provided that: 
  
 (A) All plans
sponsored by the Company that would be aggregated with any terminated arrangements under Section 409A of the Code are terminated; 
  
 (B) No payments other than payments that would be payable under the terms of the Plan if the termination had not occurred are made within twelve
(12) months of the Plan termination; 
  
 (C) All payments
are made within twenty-four (24) months of the Plan termination; and 
  
 (D) The Company does not adopt a new plan that would be aggregated with any terminated plan if the same Participant participated in both arrangements, at any time within five (5) years following the date of
termination of the Plan. 
  
 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 13, 2008	 	By:	 	 /s/ A. W. Homan

		 	Name:	 	A. W. Homan
		 	Title:	 	Secretary

  

 12Change in Control Agreement

 Exhibit 10.30 
  
 CHANGE IN CONTROL AGREEMENT 
  
 THIS CHANGE IN CONTROL AGREEMENT (“Agreement”) is entered
into effective as of October 6, 2008, by and between VARIAN, INC., a Delaware corporation (the “Company”)1, and
Gordon B. Tredger, an employee of the Company (“Employee”). 
  
 The Company’s Board of Directors (the “Board”) has determined that it is in the best interest of the Company and its stockholders for the Company to agree to pay Employee termination compensation in the event Employee should
leave the employ of the Company under the circumstances described below. The Board recognizes that the possibility of a proposal from a third person, whether or not solicited by the Company, concerning a possible “Change in Control” of the
Company (as such language is defined in Section 3(d)) will be unsettling to Employee. Therefore, the arrangements set forth in this Agreement are being made to help assure a continuing dedication by Employee to Employee’s duties to the
Company notwithstanding the proposal or occurrence of a Change in Control. The Board believes it imperative, should the Company receive any proposal from a third party, that Employee, without being influenced by the uncertainties of Employee’s
own situation, be able to assess and advise the Board whether such proposals are in the best interest of the Company and its stockholders, and to enable Employee to take action regarding such proposals as the Board might determine to be appropriate.
The Board also wishes to demonstrate to key personnel that the Company desires to enhance management relations and its ability to retain and, if needed, to attract new management, and intends to ensure that loyal and dedicated management personnel
are treated fairly. 
  
 In view of the foregoing, the Company and
Employee agree as follows: 
  
 1. EFFECTIVE DATE AND TERM OF AGREEMENT.

  
 This Agreement is effective and binding on the Company and
Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date. 
  
 2. EMPLOYMENT OF EMPLOYEE. 
  
 (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this
Agreement shall affect any right which Employee may otherwise have to terminate Employee’s employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee’s employment at any time in any
lawful manner. 
  

	1	 	“Company” shall include the Company, any successor to the Company’s business and/or assets, and any party which executes and delivers the agreement required by
Section 7(e) or which otherwise becomes bound by the terms and conditions of this Agreement by operation of law or otherwise. 

 (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by
this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee’s regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee
voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. 
  
 (c) If Employee’s employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as
provided in Sections 3 and 4. 
  
 (d) If Employee’s
employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company
reasonably demonstrates that Employee’s termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in
anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee’s date of termination shall
be deemed to be the Change in Control Date. 
  
 3. TERMINATION FOLLOWING CHANGE
IN CONTROL. 
  
 (a) If a Change in Control shall have
occurred, Employee shall be entitled to the benefits provided in Section 4 upon the subsequent termination of Employee’s employment within the applicable period set forth in Section 4 unless such termination is due to Employee’s
death or Disability or is for Cause or is effected by Employee other than for Good Reason (as such terms are defined in Section 3(d)). 
  
 (b) If following a Change in Control, Employee’s employment is terminated by reason of Employee’s death or Disability, Employee shall be
entitled to death or long-term disability benefits from the Company no less favorable than the most favorable benefits to which Employee would have been entitled had the death or Disability occurred at any time during the period commencing one
(1) year prior to the Change in Control. 
  
 (c) If
Employee’s employment shall be terminated by the Company for Cause or by Employee other than for Good Reason during the term of this Agreement, the Company shall pay Employee’s Base Salary through the date of termination at the rate in
effect at the time notice of termination is given, and the Company shall have no further obligations to Employee under this Agreement. 
  
 (d) For purposes of this Agreement: 
  
 “Base Salary” shall mean the annual base salary paid to Employee immediately prior to a Change in Control, provided that such amount shall in no
event be less than the annual base salary paid to Employee during the one (1) year period immediately prior to the Change in Control. 
  

 2 

 A “Change in Control” shall be deemed to have occurred if: 
  
 (i) Any individual or group constituting a “person”, as such term
is used in Sections l3(d) and l4(d)(2) of the Exchange Act (other than (A) the Company or any of its subsidiaries or (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or of any of its
subsidiaries), 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 outstanding securities then entitled ordinarily
(and apart from rights accruing under special circumstances) to vote for the election of directors; or 
  
 (ii) Continuing Directors cease to constitute at least a majority of the Board; or 
  
 (iii) there occurs a reorganization, merger, consolidation or other corporate transaction involving the Company (a
“Transaction”), in each case with respect to which the stockholders of the Company immediately prior to such Transaction do not, immediately after the Transaction, own more than 50% of the combined voting power of the Company or other
corporation resulting from such Transaction; or 
  
 (iv) all or
substantially all of the assets of the Company are sold, liquidated or distributed; 
  
 provided, however, that a “Change in Control” shall not be deemed to have occurred under this Agreement if, prior to the occurrence of a specified event that would otherwise constitute a Change in Control hereunder, the
disinterested Continuing Directors then in office, by a majority vote thereof, determine that the occurrence of such specified event shall not be deemed to be a Change in Control with respect to Employee hereunder if the Change in Control results
from actions or events in which Employee is a participant in a capacity other than solely as an officer, employee or director of the Company. 
  
 “Change in Control Date” shall mean the date on which a Change in Control occurs. 
  
 “Cause” shall mean: 
  
 (i) The continued willful failure of Employee to perform Employee’s duties to the Company (other than any such failure resulting from Employee’s
incapacity due to physical or mental illness) after written notice thereof (specifying the particulars thereof in reasonable detail) and a reasonable opportunity to be heard and cure such failure are given to Employee by the Board or a committee
thereof; or 
  
 (ii) The willful commission by Employee of a
wrongful act that caused or was reasonably likely to cause substantial damage to the Company, or an act of fraud in the performance of Employee’s duties on behalf of the Company; or 
  
 (iii) The conviction of Employee for commission of a felony in connection with the performance of Employee’s duties on
behalf of the Company; or 
  
 (iv) The order of a federal or state
regulatory authority having jurisdiction over the Company or its operations or by a court of competent jurisdiction requiring the termination of Employee’s employment by the Company. 
  

 3 

 “Continuing Directors” shall mean the directors of the Company in office on the date hereof and
any successor to any such director who was nominated or selected by a majority of the Continuing Directors in office at the time of the director’s nomination or selection and who is not an “affiliate” or “associate” (as
defined in Regulation 12B under the Exchange Act) of any person who is the beneficial owner, directly or indirectly, of securities representing ten percent (10%) or more of the combined voting power of the Company’s outstanding securities
then entitled ordinarily to vote for the election of directors. 
  
 “Disability” shall mean Employee’s incapacity due to physical or mental illness such that Employee shall have become qualified to receive benefits under the Company’s long-term disability plan as in effect on the date of
the Change in Control. 
  
 “Dispute” shall mean, in the
case of termination of Employee’s employment for Disability or Cause, that Employee challenges the existence of Disability or Cause, and in the case of termination of Employee’s employment for Good Reason, that the Company challenges the
existence of Good Reason for termination of Employee’s employment. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Good Reason” shall mean: 
  
 (i) The assignment of Employee to duties which are materially different from Employee’s duties immediately prior to the Change in Control and which result in a material reduction in Employee’s authority and responsibility when
compared to the highest level of authority and responsibility assigned to Employee at any time during the six (6) month period prior to the Change in Control Date; or 
  

 (ii) A reduction of Employee’s total compensation as the same may have been increased from time to time after the Change in Control
Date other than (A) a reduction implemented with the consent of Employee or (B) a reduction that is generally comparable (proportionately) to compensation reductions imposed on senior executives of the Company generally; or 
  
 (iii) The failure to provide to Employee the benefits and perquisites,
including participation on a comparable basis in the Company’s stock option, incentive, and other similar plans in which employees of the Company of comparable title and salary grade participate, as were provided to Employee immediately prior
to a Change in Control, or with a package of benefits and perquisites that are substantially comparable in all material respects to such benefits and perquisites provided prior to the Change in Control; or 
  
 (iv) The relocation of the office of the Company where Employee is employed
immediately prior to the Change in Control Date (the “CIC Location”) to a location which is more than 50 miles away from the CIC Location or the Company’s requiring Employee to be based more than 50 miles away from the CIC Location
(except for required travel on the Company’s business to an extent substantially consistent with Employee’s customary business travel obligations in the ordinary course of business prior to the Change in Control Date); or 
  

 4 

 (v) The failure of the Company to obtain promptly upon any Change in Control the express written
assumption of an agreement to perform this Agreement by any successor as contemplated in Section 7(e); or 
  
 (vi) The attempted termination of Employee’s employment for Cause on grounds insufficient to constitute a basis of termination for Cause under this
Agreement; or 
  
 (vii) The failure of the Company to promptly
make any payment into escrow when so required by Section 3(f). 
  
 “Potential Change in Control” shall mean the earliest to occur of (a) the execution of an agreement or letter of intent, the consummation of the transactions described in which would result in a Change in Control,
(b) the approval by the Board of a transaction or series of transactions, the consummation of which would result in a Change in Control, or (c) the public announcement of a tender offer for the Company’s voting stock, the completion
of which would result in a Change in Control; provided, that no such event shall be a “Potential Change in Control” unless (i) in the case of any agreement or letter of intent described in clause (a), the transaction described
therein is subsequently consummated by the Company and the other party or parties to such agreement or letter of intent and thereupon constitutes a “Change in Control”, (ii) in the case of any Board-approved transaction described in
clause (b), the transaction so approved is subsequently consummated and thereupon constitutes a “Change in Control” or (iii) in the case of any tender offer described in clause (c), such tender offer is subsequently completed and such
completion thereupon constitutes a “Change in Control”. 
  
 “Potential Change in Control Date” shall mean the date on which a Potential Change in Control occurs. 
  
 (e) Any termination of employment by the Company or by Employee shall be communicated by written notice, specify the date of termination, state the
specific basis for termination and set forth in reasonable detail the facts and circumstances of the termination in order to provide a basis for determining the entitlement to any payments under this Agreement. 
  
 (f) If within thirty (30) days after notice of termination is given, the
party to whom the notice was given notifies the other party that a Dispute exists, the parties will promptly pursue resolution of such Dispute with reasonable diligence; provided, however, that pending resolution of any such Dispute, the
Company shall pay 75% of any amounts which would otherwise be due Employee pursuant to Section 4 if such Dispute did not exist into escrow pending resolution of such Dispute and pay 25% of such amounts to Employee. Employee agrees to return to
the Company such amounts to which it is ultimately determined that he is not entitled. 
  
 4. PAYMENTS AND BENEFITS UPON TERMINATION. 
  
 (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee’s employment other than by reason of Employee’s death, Disability or for Cause, or if Employee terminates Employee’s
employment for Good Reason, then the Employee shall be entitled to the following payments and benefits, subject to Section 5 below: 
  

 5 

 (i) The Company shall pay to Employee as compensation for services rendered, no later than five
(5) business days following the date of termination, a lump sum severance payment equal to 1.5 multiplied by the sum of (A) Employee’s Base Salary, and (B) the highest annual bonus that was paid to Employee in any of the three
fiscal years ending prior to the date of termination under the Company’s Management Incentive Plan (the “MIP”). 
  
 (ii) The Company shall pay to Employee as compensation for services rendered, no later than five (5) business days following the date of termination,
a lump sum payment equal to a pro rata portion (based on the number of days elapsed during the fiscal year in which the termination occurs) of Employee’s target bonus under the MIP for the fiscal year in which the termination occurs.

  
 (iii) The Company shall pay to Employee as compensation for
services rendered, no later than five (5) business days following the date of termination, a lump sum payment equal to 100% of Employee’s target bonus (without pro rating) under the MIP for any multi-year performance period not yet
completed prior to the date of termination. 
  
 (iv) The Company
shall pay to Employee as compensation for services rendered, as soon as reasonably practicable following the date of termination but in no event later than the date that is two-and-one-half months from the end of the Company’s fiscal year in
which the termination occurs, a lump sum payment equal to Employee’s earned but unpaid bonus under the MIP for any completed single- and multi-year performance period. 
  
 (v) All waiting periods for the exercise of any stock options granted to Employee and all conditions or restrictions of any
restricted stock granted to Employee shall terminate, and all such options shall be exercisable in full according to their terms, and the restricted stock shall be transferred to Employee as soon as reasonably practicable thereafter. 
  
 (vi) Employee shall vest in one hundred percent (100%) of the
performance shares subject to his or her performance share awards, if any, and the payment of such vested performance shares shall be made as soon as reasonably practicable following the date of termination in accordance with the provisions of the
applicable performance share award. For this purpose, if the Change of Control occurs during a performance period applicable to a performance share award, the “performance shares subject to his or her performance share awards” shall be
deemed to be one hundred percent (100%) of the Target Number of Performance Shares (as set forth in the applicable performance share award). 
  
 (vii) With respect to any outstanding awards issued under the Company’s stock plans other than award types addressed in Sections 4(a)(v) and
(vi) above, Employee shall immediately vest in and have the right to exercise such awards, all restrictions shall lapse, and all performance goals or other vesting criteria shall be deemed achieved at target levels and all other terms and
conditions met. Such awards shall be paid or otherwise settled as soon as reasonably practicable following the date of termination or, if later, the date of exercise. 
  
 (viii) Employee’s participation as of the date of termination in the life, medical/dental/vision and disability
insurance plans of the Company shall be continued on the same terms (including any cost sharing) as if Employee were an employee of the Company (or equivalent benefits shall be provided) until the earlier of Employee’s commencement of 

  

 6 

 
substantially equivalent full-time employment with a new employer or twenty-four (24) months after the date of termination. In the event Employee shall
die before the expiration of the period during which the Company is required to continue Employee’s participation in such insurance plans, the participation of Employee’s surviving spouse and family in the Company’s insurance plans
shall continue throughout such period. 
  
 (ix) Employee may elect
upon termination to purchase any automobile then in the possession of Employee and subject to a lease of which the Company is the lessor by payment to the Company of the residual value set forth in the lease, without any increase for remaining lease
payments during the term or other lease breakage costs. Employee may elect to have any such payment deducted from any payments due the Employee hereunder. 
  
 (x) The entire balance credited to Employee’s account under the Company’s Supplemental Retirement Plan shall, no later than five
(5) business days following the date of termination, be paid lump sum in cash to Employee. 
  
 (xi) The termination of Employee’s employment with the Company shall constitute a “retirement” from the Company for purposes of all Company
compensation and benefits plans and programs to the extent Employee is otherwise eligible for “retirement” as defined by the Company immediately prior to the Change in Control. 
  
 (xii) All payments and benefits provided under this Agreement shall be subject to applicable tax withholding. 
  
 (b) Following Employee’s termination of employment for any reason, the
Company shall have the unconditional right to reduce any payments owed to Employee hereunder by the amount of any due and unpaid principal and interest on any loans by the Company to Employee and Employee hereby agrees and consents to such right on
the part of the Company. 
  
 5. SECTION 409A. 
  
 (a) Notwithstanding anything to the contrary in this Agreement, if Employee
is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the final regulations and any guidance promulgated thereunder (“Section 409A”) at the
time of Employee’s termination (other than due to death), then the severance benefits payable to Employee under this Agreement, if any, and any other severance payments or separation benefits that may be considered deferred compensation under
Section 409A (together, the “Deferred Compensation Separation Benefits”) otherwise due to Employee on or within the six (6) month period following Employee’s termination shall accrue during such six (6) month period and
shall become payable in a lump sum payment on the date six (6) months and one (1) day following the date of Executive’s termination of employment. All subsequent payments, if any, shall be payable in accordance with the payment
schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Employee dies following his or her termination but prior to the six month anniversary of his or her date of termination, then any payments delayed in
accordance with this paragraph shall be payable in a lump sum as soon as administratively practicable after the date of Employee’s death and all other Deferred Compensation Separation Benefits shall be payable in accordance with the payment
schedule applicable to each payment or benefit. 
  

 7 

 (b) It is the intent of this Agreement to comply with the requirements of Section 409A so that none
of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein shall be interpreted to so comply. The Company and Employee agree to work together in
good faith to consider amendments to this Agreement and to take such reasonable actions as are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition under Section 409A prior to actual payment to
Employee 
  
 6. GROSS-UP PAYMENT. 
  
 (a) Notwithstanding anything herein to the contrary, if it is determined
that any Payment would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties with respect to such excise tax (such excise tax, together with
any interest or penalties thereon, is herein referred to as an “Excise Tax”), then Employee shall be entitled to an additional payment (a “Gross-Up Payment”) in an amount that will place Employee in the same after-tax economic
position that Employee would have enjoyed if the Excise Tax had not applied to the Payment. The amount of the Gross-Up Payment shall be determined by a nationally-recognized independent public accounting firm designated by agreement between Employee
and the Company (the “Accounting Firm”). No Gross-Up Payments shall be payable hereunder if the Accounting Firm determines that the Payments are not subject to an Excise Tax. 
  
 “Payment” means (i) any amount due or paid to Employee under this Agreement, (ii) any amount that is due
or paid to Employee under any plan, program or arrangement of the Company and its subsidiaries and (iii) any amount or benefit that is due or payable to Employee under this Agreement or under any plan, program or arrangement of the Company and
its subsidiaries not otherwise covered under clause (i) or (ii) hereof which must reasonably be taken into account under Section 280G of the Code in determining the amount the “parachute payments” received by Employee,
including, without limitation, any amounts which must be taken into account under Section 280G of the Code as a result of (A) the acceleration of the vesting of any option, restricted stock or other equity award, (B) the acceleration
of the time at which any payment or benefit is receivable by Employee or (C) any contingent severance or other amounts that are payable to Employee. 
  
 (b) Subject to the provisions of Section 6(c), all determinations required under this Section 6, including whether a Gross-Up Payment is
required, the amount of the Payments constituting excess parachute payments, and the amount of the Gross-Up Payment, shall be made by the Accounting Firm, which shall provide detailed supporting calculations both to Employee and the Company within
fifteen days of the date reasonably requested by Employee or the Company on which a determination under this Section 6 is necessary or advisable. The Company shall pay to Employee the initial Gross-Up Payment within 5 days of the receipt by
Employee and the Company of the determination of the Accounting Firm. If the Accounting Firm determines that no Excise Tax is payable by Employee, the Company shall cause its accountants to provide Employee with an opinion that the Accounting Firm
has substantial authority under the Code not to report an Excise Tax on Employee’s Federal income tax return. Any determination by the Accounting Firm shall be binding upon Employee and the Company. If the initial Gross-Up Payment is
insufficient to cover the amount of the Excise Tax that is ultimately determined to be owing by Employee with respect to any Payment (hereinafter an “Underpayment”), the Company, after exhausting its remedies under Section 6(c) below,
shall promptly pay to Employee an additional Gross-Up Payment in respect of the Underpayment. 
  

 8 

 (c) Employee shall notify the Company in writing of any claim by the Internal Revenue Service that, if
successful, would require the payment by the Company of a Gross-Up Payment. Such notice shall be given as soon as practicable after Employee knows of such claim and shall apprise the Company of the nature of the claim and the date on which the claim
is requested to be paid. Employee agrees not to pay the claim until the expiration of the thirty (30) day period following the date on which Employee notifies the Company, or such shorter period ending on the date the Taxes with respect to such
claim are due (the “Notice Period”). If the Company notifies Employee in writing prior to the expiration of the Notice Period that it desires to contest the claim, Employee shall: (i) give the Company information reasonably requested
by the Company relating to the claim; (ii) take such action in connection with the claim as the Company may reasonably request, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably
selected by the Company and reasonably acceptable to Employee; (iii) cooperate with the Company in good faith in contesting the claim; and (iv) permit the Company to participate in any proceedings relating to the claim. Employee shall
permit the Company to control all proceedings related to the claim and, at its option, permit the Company to pursue or forgo any and all administrative appeals, proceedings, hearings, and conferences with the taxing authority in respect of such
claim. If requested by the Company, Employee agrees either to pay the tax claimed and sue for refund or contest the claim in any permissible manner and to prosecute such contest to a determination before any administrative tribunal, in a court of
initial jurisdiction and in one or more appellate courts as the Company shall determine; provided, however, that, if the Company directs Employee to pay such claim and pursue a refund, the Company shall advance the amount of such payment to
Employee on an after-tax and interest-free basis (an “Advance”). The Company’s control of the contest related to the claim shall be limited to the issues related to the Gross-Up Payment and Employee shall be entitled to settle or
contest, as the case may be, any other issues raised by the Internal Revenue Service or other taxing authority. If the Company does not notify Employee in writing prior to the end of the Notice Period of its desire to contest the claim, the Company
shall pay to Employee an additional Gross-Up Payment in respect of the excess parachute payments that are the subject of the claim, and Employee agrees to pay the amount of the Excise Tax that is the subject of the claim to the applicable taxing
authority in accordance with applicable law. 
  
 (d) If, after
receipt by Employee of an Advance, Employee becomes entitled to a refund with respect to the claim to which such Advance relates, Employee shall pay the Company the amount of the refund (together with any interest paid or credited thereon after
Taxes applicable thereto). If, after receipt by Employee of an Advance, a determination is made that Employee shall not be entitled to any refund with respect to the claim and the Company does not promptly notify Employee of its intent to contest
the denial of refund, then the amount of the Advance shall not be required to be repaid by Employee and the amount thereof shall offset the amount of the additional Gross-Up Payment then owing to Employee. 
  
 (e) The Company shall indemnify Employee and hold Employee harmless, on an
after-tax basis, from any costs, expenses, penalties, fines, interest or other liabilities (“Losses”) incurred by Employee with respect to the exercise by the Company of any of its rights under this Section 6, including, without
limitation, any Losses related to the Company’s decision to contest a claim or any imputed income to Employee resulting from any Advance or action taken on 

  

 9 

 
Employee’s behalf by the Company hereunder. The Company shall pay all legal fees and expenses incurred under this Section 6, and shall promptly
reimburse Employee for the reasonable expenses incurred by Employee in connection with any actions taken by the Company or required to be taken by Employee hereunder. The Company shall also pay all of the fees and expenses of the Accounting Firm,
including, without limitation, the fees and expenses related to the opinion referred to in Section 6(b). 
  
 7. GENERAL. 
  
 (a)
Employee shall retain in confidence under the conditions of the Company’s confidentiality agreement with Employee any proprietary or other confidential information known to Employee concerning the Company and its business so long as such
information is not publicly disclosed and disclosure is not required by an order of any governmental body or court. If required, Employee shall return to the Company any memoranda, documents or other materials proprietary to the Company. 

 
 (b) While employed by the Company and following the termination of such
employment (other than a termination of employment by Employee for Good Reason or by the Company other than for Cause) for a period of two (2) years, Employee shall not, whether for Employee’s own account or for the account of any other
individual, partnership, firm, corporation or other business organization, intentionally solicit, endeavor to entice away from the Company or a subsidiary of the Company (each, a “Protected Party”), or otherwise interfere with the
relationship of a Protected Party with, any person who is employed by a Protected Party or any person or entity who is, or was within the then most recent twelve (12) month period, a customer or client of a Protected Party. 
  
 Employee acknowledges that a breach of any of the covenants contained in this
Section 7(b) may result in material irreparable injury to the Company for which there is no adequate remedy at law, that it may not be possible to measure damages for such injuries precisely and that, in the event of such a breach, any payments
remaining under the terms of this Agreement shall cease and the Company may be entitled to obtain a temporary restraining order and/or a preliminary or permanent injunction restraining Employee from engaging in activities prohibited by this
Section 7(b) or such other relief as may be required to specifically enforce all of the covenants in this Section 7(b). Employee agrees to and hereby does submit to in personam jurisdiction before each and every such court in the
State of California, County of Santa Clara, for that purpose. This Section 7(b) shall survive any termination of this Agreement. 
  
 (c) If litigation is brought by Employee to enforce or interpret any provision contained in this Agreement, the Company shall indemnify Employee for
Employee’s reasonable attorney’s fees and disbursements incurred in such litigation and pay prejudgment interest on any money judgment obtained by Employee calculated at the prime rate of interest in effect from time to time at the Bank of
America, San Francisco, from the date that payment should have been made under the Agreement, provided that Employee shall not have been found by the court in which such litigation is pending to have had no cause in bringing the action, or to have
acted in bad faith, which finding must be final with the time to appeal therefrom having expired and no appeal having been taken. 
  

 10 

 (d) Except as provided in Section 4, the Company’s obligation to pay to Employee the
compensation and to make the arrangements provided in this Agreement shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which
the Company may have against Employee or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Employee shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking
other employment. 
  
 (e) The Company shall require any successor,
whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business and/or assets of the Company, by written agreement to expressly assume and agree to perform this Agreement in the same manner
and to the same extent that the Company would be required to perform it if no such succession had taken place. 
  
 (f) This Agreement shall inure to the benefit of and be enforceable by Employee’s heirs, successors and assigns. If Employee should die while any
amounts would still be payable to Employee hereunder if Employee had continued to live, all such amounts shall be paid in accordance with the terms of this Agreement to Employee’s heirs, successors and assigns. 
  
 (g) For the purposes of this Agreement, notices and all other communications
provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	If to Employee:	 	If to the Company:
		
	To the last address on record	 	Varian, Inc.
	with the Company	 	3120 Hansen Way
		 	Palo Alto, CA 94304-1030
		 	Attn: Vice President, Human Resources

  
 or to such other address as either
party furnishes to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  
 (h) This Agreement, together with any equity award agreement, shall constitute the entire agreement between Employee and the Company concerning the
subject matter of this Agreement. With respect to equity awards granted on or after the date of this Agreement, the acceleration of vesting provided for herein shall apply to such awards except to the extent otherwise explicitly provided in the
applicable equity award agreement. 
  
 (i) The validity,
interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California without giving effect to the provisions, principles or policies thereof relating to choice or conflict of laws. The invalidity or
unenforceability of any provision of this Agreement in any circumstance shall not affect the validity or enforceability of such provision in any other circumstance or the validity or enforceability of any other provision of this Agreement, and,
except to the extent such provision is invalid or unenforceable, this Agreement shall remain in full force and effect. Any provision in this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such 

  

 11 

 
jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating or affecting the remaining provisions hereof in
such jurisdiction, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. This Section 7(i) shall survive any termination of this Agreement.

  
 (j) This Agreement may be terminated by the Company pursuant
to a resolution adopted by the Board at any time prior to a Potential Change in Control Date. After a Change in Control Date or a Potential Change in Control Date, this Agreement may only be terminated with the consent of Employee. 
  
 (k) No agreements or representations, oral or otherwise, express or implied,
with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement and this Agreement shall supersede all prior agreements, negotiations, correspondence, undertakings and communications of
the parties, oral or written, with respect to the subject matter hereof. 
  
 IN WITNESS WHEREOF, the parties acknowledge that they have read and understand the terms of this Agreement and have executed this Agreement to be effective as of October 6, 2008. 
  

							
	VARIAN, INC.	 		 	EMPLOYEE
			
	 /s/ Arthur W. Homan
	 		 	 /s/ Gordon B. Tredger

	By:	 	Arthur W. Homan	 		 	Gordon B. Tredger
	Title:	 	Senior Vice President, General Counsel	 		 	
		 	and Secretary	 		 	

  

 12

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