Form of Nonqualified Stock Option Agreement between Varian, Inc. and Non- Employee Directors For New Director/Chairman Grants (used beginning February 1, 2008) VARIAN, INC. OMNIBUS STOCK PLAN NONQUALIFIED STOCK OPTION AGREEMENTNonqualified Stock Option Agreement • May 6th, 2008 • Varian Inc • Laboratory analytical instruments • California
Varian, Inc. (the “Company”) hereby grants you, [NAME OF DIRECTOR] (the “Director”), a nonqualified stock option under the Company’s Omnibus Stock Plan (the “Plan”) to purchase shares of common stock of the Company (“Shares”). The date of this Agreement is [GRANT DATE] (the “Grant Date”). In general, the latest date this option will expire is [TEN YEARS AFTER GRANT DATE] (the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows:
