Amendment to Letter Agreement Between Varian Semiconductor Equipment Associates, Inc. and Richard A. Aurelio (February 8, 2007)
This amendment extends the term of the original agreement between Varian Semiconductor Equipment Associates, Inc. and Richard A. Aurelio, confirming that Mr. Aurelio will continue to serve as Non-Executive Chairman through December 31, 2007. In return, he will receive $200,000, paid periodically according to the company's payroll schedule. Both parties have agreed to these updated terms as of February 8, 2007.
Exhibit 10.30
February 8, 2007
Richard A. Aurelio
460 Indian Springs Road
Jackson, Wyoming 83001
Dear Dick:
This letter confirms our agreement that the letter agreement dated January 2, 2006 (the “Agreement”), between you and Varian Semiconductor Equipment Associates, Inc. (“VSEA”) is hereby amended to extend the Term (as defined therein) until December 31, 2007. For the sake of clarity, pursuant to paragraph 4 of the Agreement, in consideration for your service as VSEA’s Non-Executive Chairman during the period beginning January 1, 2007 and ending on December 31, 2007, VSEA shall pay you $200,000, paid periodically during this Term in the same intervals as VSEA’s payroll practices.
Please sign below and return a copy of this letter to confirm your agreement with the above.
| Very Truly Yours, | ||
| VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC. | ||
| By: | /s/ Eric Chen | |
| Name: | Eric Chen | |
| Title: | Chair, Nominating and Corporate Governance Committee | |
| AGREED: |
| /s/ Richard A. Aurelio |
| Richard A. Aurelio |
