Common use of RESTRICTED STOCK PROGRAM Clause in Contracts

RESTRICTED STOCK PROGRAM. None of the Active Employees of ------------------------ the Semiconductor Equipment Group or the Instruments Group will receive grants of restricted stock under the "restricted stock program" of the Varian Associates, Inc. Omnibus Stock Plan from and after the Distribution Date.

Appears in 3 contracts

Sources: Employee Benefits Allocation Agreement (Varian Associates Inc /De/), Employee Benefits Allocation Agreement (Varian Semiconductor Equipment Associates Inc), Employee Benefits Allocation Agreement (Varian Inc)