VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC. Deferred Stock Units Agreement Granted Under 2006 Stock Incentive PlanDeferred Stock Units Agreement • March 17th, 2006 • Varian Semiconductor Equipment Associates Inc • Special industry machinery, nec
This agreement evidences the grant by Varian Semiconductor Equipment Associates, Inc., a Delaware corporation (the “Company”), on [ ], 200[ ] (the “Grant Date”) to [ ], a member of the Board of Directors of the Company (the “Participant”), of an Other Stock Unit Award (as defined in the Plan) pursuant to the Company’s 2006 Stock Incentive Plan (the “Plan”), consisting of [ ] deferred stock units (the “DSUs”), on the terms provided herein, in Appendix A and in the Plan. Each DSU represents the right to receive one share of common stock, $0.01 par value per share, of the Company (“Common Stock”). The shares of Common Stock that are issuable on the Distribution Date (as described in Appendix A) are referred to herein and in Appendix A as “Shares.” All of the DSUs are fully vested as of the Grant Date.
