Form 8-K

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

On September 11, 2007, the Compensation Committee (the “Committee”) of the Board of Directors of Varian, Inc. (the “Company), which administers the Company’s Management Incentive Plan (the “MIP”), approved the performance measures that will be used to calculate MIP awards paid to the Company’s principal executive officer, principal financial officer and other named executive officers (the “Named Executive Officers”) for the fiscal year 2008 annual performance period. Those measures will be Company and/or business segment Revenue, Return on Sales (“ROS”) and Operating Cash Flow as a percentage of Net Income (“Cash Flow), with the weighting between Company and segment results and among those performance measures varying by Named Executive Officer.

Revenue, ROS and Cash Flow will be calculated as each is defined in the MIP, except that:

(a) Revenue will be calculated excluding any impact of acquisitions or divestitures completed during the fiscal year;

(b) ROS will be calculated excluding (1) any impact of curtailing or settling defined benefit pension plans, (2) any impact of non-capitalized costs relating to contemplated or completed acquisitions, (3) any impact of share-based compensation expense, (4) any impact of acquisitions or divestitures completed during the fiscal year, (5) any impact of amortization of acquisition-related intangibles and inventory write-ups, (6) any adverse impact of consolidating or relocating operations or support functions in order to reduce costs (including income taxes), (7) any adverse impact of restructuring activities undertaken for the primary purpose of improving operating efficiencies (as opposed, for example, to a restructuring activity undertaken for the primary purpose of reducing costs in response to poor business performance), (8) any impact of “shared liabilities” with Varian Medical Systems, Inc. and/or Varian Semiconductor Equipment Associates, Inc. under the amended and restated Distribution Agreement dated as of January 14, 1999, (9) any adverse impact of non-recurring costs to transition to internal magnet supply, and (10) any gain or loss related to exiting or disposing of facilities; and

(c) Cash Flow will be calculated excluding (1) any cash impact of curtailing or settling defined benefit pension plans, or making any legally-required one-time funding contribution to a defined benefit pension plan as a result of a new legal requirement, (2) any adverse cash impact of acquisitions contemplated or completed during the fiscal year, (3) any cash outlays and proceeds shared with Varian Medical Systems, Inc. and/or Varian Semiconductor Equipment Associates, Inc. under the Distribution (“spin-off”) Agreement, (4) any net cash proceeds from any divestiture, (5) any adverse cash impact of consolidating or relocating operations or support functions in order to reduce costs (including income taxes), and (6) any adverse cash impact of non-recurring costs to transition to internal magnet supply.

Except in the case of the Chief Executive Officer’s award, awards otherwise earned by the Named Executive Officers, based on these performance measures and targets, may be increased or decreased by as much as 25% based on the Committee’s determination after fiscal year 2008 of the extent to which those other Named Executive Officers met pre-determined objectives

relating to improving the quality of the Company’s products and services; improving gross margins after other costs, including by improving teamwork within and between segments and implementing plans to reduce the Company’s high cost structure in the U.S.; and implementing plans to reduce the Company’s taxes.

Set forth below are the targeted and maximum percentages of annual base salary (as of the end of fiscal year 2008) that each Named Executive Officer would receive if the targeted and maximum performance, respectively, is achieved. However, the potential bonus award could range from 30% for the Chief Executive Officer and 22.5% for the other Named Executive Officers of the target award set forth below to the maximum award set forth below, provided that a prescribed minimum level of each applicable performance measure is achieved.

The Committee also provided that in the event of a Named Executive Officer’s death, Disability (as such term is defined in the Omnibus Stock Plan) or Retirement (as defined pursuant to the Company’s or other employing affiliate’s retirement policies as they may be established from time to time) during the fiscal year 2008 annual performance period (or following that performance period but prior to payment of any otherwise earned award), the Named Executive Officer will be entitled to receive a pro-rated portion of his or her MIP award, if any, for the portion of the performance period completed prior to his or her death, Disability or Retirement. However, the Named Executive Officer’s award will be based on the actual results for the performance period and paid after the performance period at the same time as awards to other Named Executive Officers are paid.

On September 11, 2007, the Committee approved the treatment of long-term MIP awards in the event of a Named Executive Officer’s death, Disability (as such term is defined in the Omnibus Stock Plan) or Retirement (as defined pursuant to the Company’s or other employing affiliate’s retirement policies as they may be established from time to time) during the outstanding long-term MIP performance periods for fiscal years 2006-2008 and 2007-2009 (or following those performance period but prior to payment of any otherwise earned award). If the death, Disability or Retirement occurs during the first year of the performance period, the Named Executive Officer will receive a pro-rated portion of his or her MIP award, if any, for the portion of the performance period completed prior to his or her death, Disability or Retirement. If the death, Disability or Retirement occurs after the first year of the performance period, the Named

Executive Officer will receive 100% of the award, if any, determined to have been earned based on achievement of the applicable performance goals for the entire performance period. However, in either case, the Named Executive Officer’s award will be based on the actual results for the full performance period and paid after the performance period at the same time as awards to other Named Executive Officers are paid.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


VARIAN, INC.
(Registrant)

By		/s/ G. Edward McClammy
		G. Edward McClammy
		Senior Vice President, Chief Financial Officer and Treasurer


3120 Hansen Way, Palo Alto, California		94304-1030
(Address of principal executive offices)		(Zip Code)


	Target		Maximum
Garry W. Rogerson President and Chief Executive Officer	100	%	200	%
G. Edward McClammy Senior Vice President, Chief Financial Officer and Treasurer	75	%	187.5	%
Martin O’Donoghue Senior Vice President, Scientific Instruments	75	%	187.5	%
Sergio Piras Senior Vice President, Vacuum Technologies	75	%	187.5	%
A. W. Homan Senior Vice President, General Counsel and Secretary	75	%	187.5	%