SEC Contract Filing

Filing Date: 2017-11-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tv479618_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0; text-align: right">(For Section 16 Officers)</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VARIAN MEDICAL SYSTEMS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FOURTH AMENDED AND RESTATED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2005 OMNIBUS STOCK PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TIME-BASED NONQUALIFIED STOCK OPTION
AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Varian Medical Systems,
Inc. (the &ldquo;Company&rdquo;) hereby grants the employee (&ldquo;Employee&rdquo;) named on the Summary of Grant Award (the &ldquo;Grant
Summary&rdquo;), a time-based nonqualified stock option under the Company&rsquo;s Fourth Amended and Restated 2005 Omnibus Stock
Plan (the&nbsp;&ldquo;Plan&rdquo;), to purchase shares of common stock of the Company (&ldquo;Shares&rdquo;) from the date of this
Agreement (the &ldquo;Grant Date&rdquo;) and expiring on the Expiration. The maximum number of Shares purchasable pursuant to this
option (&ldquo;Shares Granted&rdquo;), the purchase price per Share and the option expiration date (the &ldquo;Expiration Date&rdquo;)
are stated on the Grant Summary.* However, as provided in the Terms and Conditions of 2005 Omnibus Stock Plan Time-based Nonqualified
Stock Option attached hereto as Appendix A (Officers), this option may expire earlier than the Expiration Date. Subject to the
provisions of Appendix&nbsp;A and of the Plan, the principal features of this option are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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 <TD STYLE="width: 40%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B><U>Scheduled Vesting Dates</U>:</B></FONT></TD>
 <TD STYLE="width: 5%">&nbsp;</TD>
 <TD STYLE="width: 45%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B><U>Number of Shares**</U></B></FONT></TD>
 <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt; padding-top: 4pt"><FONT STYLE="font-size: 10pt">[INSERT VESTING DATE(S)]</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[INSERT NUMBER OR PERCENTAGE OF SHARES]</P></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* See &ldquo;Grant Summary&rdquo; page on the service provider
web-site.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">** Shares vest in only whole share increments, fractions of
shares vest only when they equal whole share increments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
 <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt"><B>Event Triggering</B></FONT></TD>
 <TD STYLE="width: 5%">&nbsp;</TD>
 <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt"><B>Maximum Time to Exercise</B></FONT></TD>
 <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD><FONT STYLE="font-size: 10pt"><B><U>Termination of Option</U>:</B></FONT></TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B><U>After Triggering Event***</U>:</B></FONT></TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">Termination of Service for cause</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">None</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">Termination of Service due to Disability</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">1 year</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">Termination of Service due to Retirement</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">3 years </FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">Termination of Service due to death</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">3 years</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">All other Terminations of Service</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD>
 <TD STYLE="padding-top: 4pt"><FONT STYLE="font-size: 10pt">3 months</FONT></TD>
 <TD STYLE="padding-top: 4pt">&nbsp;</TD></TR>
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