Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 7, 2021, Varian Medical Systems, Inc. (the "Company") entered into a letter agreement with Magnus Momsen, its Interim Chief Financial Officer, providing that in connection with his service as Interim Chief Financial Officer of the Company, which commenced effective March 12, 2021, Mr. Momsen will be entitled to a one-time payment equal to the sum of $20,000 plus the product of (i) $5,000 times (ii) the number of weeks (rounded up to the nearest whole week) from April 12, 2021 through the earlier of the date of consummation of the transactions contemplated by the Agreement and Plan and Merger, by and among Siemens Healthineers Holding I GMBH, Falcon Sub Inc., the Company, and Siemens Medical Solutions USA, Inc., dated as of August 2, 2020 or the date that he ceases to serve as Interim CFO, subject to Mr. Momsen's continuing employment through the relevant date or qualifying termination prior thereto.

A copy of the letter agreement is attached to, and incorporated by reference into Item 5.02 of, this Current Report on Form 8-K as Exhibit 10.1 hereto. The foregoing description of the letter agreement is intended only as a summary and is qualified in its entirety by reference to the full text of the letter agreement.

Item 9.01. Financial Statements and Exhibits






(d)     Exhibits.

10.1      Letter Agreement between Magnus Momsen and the Company, dated as of
        April 7, 2021

104     Cover Page Interactive Data File - the cover page iXBRL tags are embedded
        within the Inline XBRL document.

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