Exhibit 10.2

 

OWENS & MINOR, INC.

OUTSIDE DIRECTORS’ COMPENSATION

Effective April 28, 2005

 

     Current

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Revised Effective

4/28/05

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Annual Retainer (Cash)

   $ 15,000    $ 15,000  

Annual Retainer (Stock)

   $ 15,000    $ 15,000  

Lead Director

   $ 10,000    $ 10,000  

Audit Committee Chair

   $ 5,000    $ 5,000  

Other Committee Chair

   $ 4,000    $ 4,000  

Board Meeting

   $ 1,200    $ 1,500  

Audit Committee Meeting

   $ 1,500    $ 1,500  

Other Committee Meetings

   $ 1,200    $ 1,200  

Telephone attendance at any meeting

   $ 800    $ 800  

Audit Committee Telephone Conference Meeting (when called as such)

   $ 1,000    $ 1,200 *

Other Committee Telephone Conference Meeting (when called as such)

   $ 800    $ 800  

Board Retreat

   $ 1,800    $ 1,800  

Non-Qualified Stock Options 10-year, immediately exercisable

     5,000 shares      5,000 shares  

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* Change from 2003 schedule; also deleted were differentials on committee
meetings held same day as Board. ALL committee meetings when attended in person,
except Audit, will be $1,200 regardless of whether they are held on the same day
as a board meeting.

 

Directors must attend Board Meetings and Committee meetings to receive
compensation.

 

Annual Retainer and Committee Chair fees paid in full after elections on the day
of the annual meeting, or May 15, whichever comes first.

 

$15,000 paid in shares of company common stock, valued at the average price on
the day of the annual meeting, or May 15, whichever comes first.

 

Expenses for travel to and from meetings are reimbursable according to company
travel policy.

 

NOTE: Directors may defer all or part of their board fees. Directors may also
take compensation, either directly or deferred, in whole or in part, in company
stock. The director’s stock option plan continues in place.