|
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.
2
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
|