0001012870-99-002804 Sample Contracts

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Exhibit 10.3 DESCRIPTION OF CERTAIN COMPENSATORY ARRANGEMENTS ------------------------------------------------ BETWEEN REGISTRANT AND EXECUTIVE OFFICERS ----------------------------------------- Leased Automobiles The Registrant leases an automobile...
Varian Inc • August 13th, 1999 • Laboratory analytical instruments

The Registrant leases an automobile for each of its executive officers, subject to certain lease "cap" limitations that vary by executive officer. The Registrant reimburses the executive officer for all fuel, maintenance and repairs costs for the leased automobile, and the Registrant insures the automobile under its insurance programs. The Registrant also reimburses the executive officer (by way of a "gross-up" payment) for taxes on imputed income for personal use of the automobile.

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