Document:

ex107

          Exhibit 10.7    OWENS & MINOR, INC.   Restricted Stock Agreement              THIS AGREEMENT, dated the __ day of _________, 20__, between OWENS & MINOR,   INC., a Virginia corporation (the "Company"), and _____________ ("Participant") is made   pursuant and subject to the provisions of the Company's 2015 Stock Incentive Plan (the "Plan"). All   capitalized terms used herein that are not otherwise defined shall have the same meaning given to   them in the Plan.      W I T N E S S E T H:       1.  Restricted Stock Grant.  Pursuant to the provisions of the Plan, on _________, 20__   (the “Date of Grant”), the Company granted to Participant, subject to the terms and conditions of the   Plan and subject further to the terms and conditions herein set forth, a Stock Award of ______   shares of Common Stock (the “Restricted Stock”).       2.  Terms and Conditions. The shares of Restricted Stock evidenced hereby are subject   to the following terms and conditions:       (a) Restricted Period.  Until __________, 20__, (the “Restricted Period”) or the lapse of   restrictions as provided in subsection 2(d) hereof, the Restricted Stock shall be subject to the   following restrictions:         (i) Participant shall not be entitled to receive the certificate or certificates evidencing   the Restricted Stock;        (ii) Shares of Restricted Stock may not be sold, transferred, assigned, pledged,   conveyed, hypothecated or otherwise disposed of; and        (iii) Shares of Restricted Stock may be forfeited immediately as provided in   subsection 2(d) hereof.      Notwithstanding the foregoing, Participant shall be entitled to vote the shares of Restricted Stock   and receive dividends thereon while the Restricted Stock is outstanding.  Any stock dividends or   other shares of Company stock or other property issued in respect of Restricted Stock, including   without limitation, shares issued in connection with stock splits and recapitalizations, will be subject   to the same restrictions applicable to the Restricted Stock.         (b)  Custody of Shares of Restricted Stock.  Certificates representing the shares of   Restricted Stock shall be issued in Participant’s name but shall be held by the Company (or its   transfer agent) during the Restricted Period.  The Company’s Secretary and its General Counsel   shall serve as attorney-in-fact for Participant during the Restricted Period with full power and   authority in Participant’s name to assign and convey to the Company any shares of Restricted   Stock that Participant forfeits under subsection 2(d) hereof.  Each certificate representing shares     

 

of Restricted Stock may bear a legend referring to the risk of forfeiture of the shares and stating   that such shares are nontransferable until all restrictions have been satisfied and the legend has   been removed.       (c)  Distribution of Restricted Stock.  If Participant remains in the continuous   employment of the Company or an Affiliate during the entire Restricted Period and otherwise   does not forfeit such shares pursuant to subsection 2(d) hereof, all restrictions applicable to the   shares of Restricted Stock shall lapse upon expiration of the Restricted Period and a certificate or   certificates representing the shares of Common Stock that were granted to Participant in the form   of shares of Restricted Stock shall be delivered to Participant.       (d)  Lapse of Restrictions or Forfeiture.        (i) Death.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of   Participant’s death, all restrictions applicable to the shares of Restricted Stock   shall immediately lapse on the date of Participant’s death and the certificate or   certificates representing the shares of Common Stock shall be delivered to   Participant’s estate.        (ii) Disability.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of “total and   permanent disability” (as such term is defined in Section 22(e)(3) of the Internal   Revenue Code of 1986, as amended (the “Code”)), all restrictions on a pro rata   number of shares of Restricted Stock shall lapse.  The “pro rata number” shall be   the number of shares of Restricted Stock multiplied by a fraction, the numerator   of which is the number of months (including a fractional month) of Participant’s   employment after the Date of Grant and the denominator of which is 36.  The   certificate or certificates representing the shares of Common Stock upon which   the restrictions have lapsed shall be delivered to Participant.      (iii) Retirement.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of retirement   (defined below), all shares of Restricted Stock shall be forfeited immediately and   all rights of Participant to such shares shall terminate immediately without further   obligation on the part of the Company.  Notwithstanding the foregoing, if   Participant’s service to the Company or an Affiliate continues from and after the   date of retirement through (i) membership on the Board, (ii) a written consulting   services arrangement with the Company or an Affiliate or (iii) at the discretion of the   Company, a written confidentiality and non-solicitation agreement with the   Company (“Post-Retirement Service”), shares of Restricted Stock shall not be   forfeited but shall continue to be held by the Company until the earlier of (i) the end   of the Restricted Period at which time such shares shall be delivered to the   Participant or (ii) the date Participant ceases to provide Post-Retirement Service at   which time such shares shall be forfeited.  For purposes of this Section 2(d)(iii),   retirement shall mean severance from the employment of the Company and its     

 

Affiliates (i) at or after the attainment of age 55 and after completing a number of   years of service (the total years of service credited to Participant for purposes of   determining vested or nontransferable interest in a defined benefit pension plan   maintained by the Company or an Affiliate which satisfies the requirements of   Section 401(a) of the Code) that, when added to Participant’s age at the time of   severance from employment, equals at least 65 or (ii) at or after the attainment of   age 65.      (iv) Termination of Employment by Company or Affiliate.      (a) With Cause.  If the Company or an Affiliate terminates Participant’s   employment with the Company and its Affiliates with “cause,” all shares of   Restricted Stock shall be forfeited immediately and all rights of Participant to   such shares shall terminate immediately without further obligation on the part   of the Company.  For purposes of this Agreement, “cause” means:   (i) misappropriation, theft or embezzlement of funds or property from the   Company or an Affiliate or securing or attempting to secure personally any   profit in connection with any transaction entered into on behalf of the   Company or an Affiliate, (ii) conviction of, or entry of a plea of “nolo   contendere” with respect to, a felony which, in the reasonable opinion of the   Company, is likely to cause material harm to the Company’s or an Affiliate’s   business, customer or supplier relations, financial condition or prospects, (iii)   violation of the Company’s Code of Honor or any successor code of conduct;   or (iv) failure to substantially perform (other than by reason of illness or   temporary disability, regardless of whether such temporary disability is or   becomes a total and permanent disability (as defined in paragraph 2(d)(ii)   above), or by reason of approved leave of absence) the duties of Participant’s   job.      (b) Without Cause.  If Participant’s employment with the Company and its   Affiliates is terminated by the Company or an Affiliate without “cause,” all   restrictions on a pro rata number of shares of Restricted Stock shall lapse.    The “pro rata number” shall be the number of shares of Restricted Stock   multiplied by a fraction, the numerator of which is the number of months   (including a fractional month) of Participant’s employment after the Date of   Grant and denominator of which is 36.  The certificate or certificates   representing the shares of Common Stock upon which the restrictions have   lapsed shall be delivered to Participant.      (v) Termination of Employment by Participant.  If Participant resigns from   employment with the Company and its Affiliates before the expiration of the   Restricted Period, without regard to the reason for such resignation (other than   death, disability or retirement as provided in subsections (i), (ii) and (iii) above),   all of the shares of Restricted Stock shall be forfeited immediately and all rights   of Participant to such shares shall terminate immediately without further   obligation on the part of the Company.     

 

   (vi) Change in Control.        (a) If, upon a Change in Control, (i) the Restricted Stock is assumed by, or a   substitute award granted by, the surviving entity (together with its Related   Entities, the “Surviving Entity”) in the Change in Control (such assumed or   substituted award to be of the same type of award as this Restricted Stock with a   value as of the Control Change Date substantially equal to the value of this   Restricted Stock) and (ii) within 24 months of the Control Change Date,   Participant’s employment with the Surviving Entity is terminated by the   Surviving Entity without Cause (defined below) or by Participant for Good   Reason (defined below), all restrictions applicable to the shares of Restricted   Stock shall immediately lapse on the date of employment termination and the   certificate or certificates representing the shares of Common Stock upon which   the restrictions have lapsed shall be delivered to Participant.        (b) For purposes of this subsection 2(d)(vi), “Cause” shall mean (i) the willful and   continued failure by Participant to substantially perform his or her duties with   the Surviving Entity (other than any such failure resulting from Participant’s   incapacity due to physical or mental illness) after a written demand for   substantial performance is delivered to Participant by the Surviving Entity,   which demand specifically identifies the manner in which the Surviving Entity   believes that Participant has not substantially performed his or her duties, or (ii)   the willful engaging by Participant in conduct which is demonstrably and   materially injurious to the Surviving Entity, monetarily or otherwise.  For   purposes of this paragraph, no act, or failure to act, on Participant’s part shall be   deemed "willful" unless done, or omitted to be done, not in good faith and   without reasonable belief that the action or omission was in the best interest of   the Surviving Entity.        (c) For purposes of this Section 2(d)(vi), “Good Reason” shall have the meaning   given to such term in the Executive Severance Agreement between Participant   and the Company effective July 1, 2015, as such agreement from time to time   may be amended, modified, extended or replaced by a successor agreement or   plan.      (d)  If, upon a Change in Control, the Restricted Stock is not assumed by, or a   substitute award granted by, the Surviving Entity in the Change in Control as   provided in subsection 2(d)(vi)(a) above, all restrictions applicable to the shares   of Restricted Stock shall immediately lapse on the Control Change Date and   the certificate or certificates representing the shares of Common Stock upon   which the restrictions have lapsed shall be delivered to Participant.       3.  Recoupment Policy.  Notwithstanding any other provision in this Agreement to the   contrary, the Stock Award and underlying Restricted Stock granted under this Agreement are   subject to recoupment by the Company in accordance with the Company’s Policy on Recoupment     

 

of Executive Incentive Compensation in effect on the date of this Agreement, as such policy is   interpreted and applied by the Company’s board of directors.         4. Governing Law.  This Agreement shall be governed by the laws of the   Commonwealth of Virginia.       5.  No Right to Continued Employment.  The grant of Restricted Stock hereunder does   not confer upon Participant any right with respect to continuance of employment by the Company   or an Affiliate, nor shall it interfere in any way with the right of the Company or an Affiliate to   terminate his employment at any time.       6.  Change in Capital Structure.  The terms of this award shall be adjusted as the   Committee determines is equitably required in the event the Company effects one or more stock   dividends, stock split-ups, subdivisions or consolidations of shares or other similar changes in   capitalization.       7.  Conflicts.  In the event of any conflict between the provisions of the Plan as in effect   on the date hereof and the provisions of this Agreement, the provisions of the Plan shall govern. All   references herein to the Plan shall mean the Plan as in effect on the date hereof.       8.  Participant Bound by Plan.  Participant hereby acknowledges receipt of a copy of the   Plan and agrees to be bound by all the terms and provisions thereof.       9.  Binding Effect.  Subject to the limitations stated above and in the Plan, this   Agreement shall be binding upon and inure to the benefit of the legatees, distributees and personal   representatives of Participant and the successors of the Company.        

 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by   a duly authorized officer and Participant has affixed his or her signature hereto.       OWENS & MINOR, INC.              By:                    PARTICIPANT                          ____________________________________                    Name:______________________________                    26333.000083 RICHMOND 1439057v2ex108

 1              Exhibit 10.8   OWENS & MINOR, INC.    PERFORMANCE SHARE AWARD AGREEMENT       THIS PERFORMANCE SHARE AWARD AGREEMENT (“Agreement”) dated as of   _________, 20__ between Owens & Minor, Inc., a Virginia corporation (the “Company”), and   _______________ (“Participant”) is made pursuant to and subject to the provisions of the   Company's 2015 Stock Incentive Plan (the “Plan”).  All capitalized terms used in this Agreement   that are not otherwise defined shall have the same meanings given to them in the Plan.       1. Grant of Performance Share Award.  In accordance with the Plan, on ______,   20__ (the “Date of Grant”), the Company granted to the Participant, subject to the terms and   conditions of the Plan and the terms and conditions set forth in this Agreement, _______   Performance Shares, subject to adjustment as provided in Section 2  (the “Performance Shares”).    The Participant will earn the Performance Shares to the extent that the requirements of Section 2   are satisfied.  The Company will issue shares of Common Stock in accordance with Section 3 in   settlement of the Performance Shares, if any, that the Participant earns in accordance with   Section 2, which shares of Common Stock (the “Restricted Stock”) will be further subject to the   vesting and forfeiture provisions described in Section 4 (except as otherwise specifically   provided in Section 3(b)).       2. Earning Performance Shares.  This Section 2 determines the number of   Performance Shares that the Participant may earn under this Agreement.       (a) The Participant will earn Performance Shares based on achievement by the Company   of the Performance Metrics (defined below) for fiscal years 20__ and 20__.  The   number of Performance Shares earned by the Participant will be determined based   upon the following formula, the terms of which are further defined below:      (Weighted Performance Multiple) x (Target Shares)      The Weighted Performance Multiple will be determined based on the following   Performance Metrics and the definitions below:               Performance Metrics  Weight      Threshold Target      Maximum   ROAA __% ___% ___% ___%   Company Adjusted Diluted EPS __% $____ $____ $____     

 

 2   Definitions:                 “Company Return on Average Assets” shall mean Company Net Income divided by the   Company’s average total assets (calculated by averaging the Company’s total assets as of each   month-end during the Performance Period).                   “Company Adjusted Diluted EPS” shall mean, for the Performance Period, the   Company's net income per diluted common share as presented in the Company's consolidated   audited income statement for the Performance Period, adjusted to eliminate or exclude the after-   tax effects of unusual or non-recurring items, including but not limited to, the effect of   accounting and/or tax changes;  tangible and intangible asset impairment charges; fees, expenses   and charges associated with debt and/or equity financing transactions,, merger and acquisition   activity (including the purchase or sale of a business unit or its assets) and exit and realignment   activities; gains/losses from asset sales not made in the ordinary course of business; retirement   plan gains/losses; and gains/losses or charges associated with material litigation, regulatory, tax   or insurance settlements.  Adjustments to the Company’s net income per diluted common share   for purposes of determining any Award earned hereunder shall be taken into account only to the   extent that they are separately identified or quantified in the Company’s consolidated audited   financial statements, the notes to the consolidated financial statements, “Management’s   Discussion and Analysis” in the Company’s Annual Report on Form 10-K or in other Company   filings with the Securities and Exchange Commission.         “Metric Target” means, with respect to any Performance Metric, the applicable Metric   Target specified in the table above.       “Performance Metric” means each of (i) ROAA; and (ii) Company Adjusted Diluted   EPS         “Target Shares” means ________ shares.       “Weight” means, with respect to any Performance Metric, the applicable Weight   specified in the table above.      “Weighted Performance Multiple” means the weighted average of the Performance   Multiples for each Performance Metric (based on the Weight for each such metric in the table   above), the maximum of which shall be capped at two (2) and the minimum of which shall be   zero.        (b) Effect of Termination Prior to Issuance of Restricted Stock.  Except as   provided in subparagraphs (c), (d) and (e), no Performance Shares will be earned if the   Participant’s employment with, and service to, the Company and its Affiliates terminates   or is terminated before _________, 20__ or the date on which Restricted Stock is issued   as provided in Section 3(b).        (c) Death or Disability.  This subparagraph (c) applies if the Participant’s   employment with, and service to, the Company and its Affiliates terminates before   _______, 20__ or the date on which Restricted Stock is issued as provided in Section     

 

 3   3(b), on account of the Participant’s death or permanent and total disability (as defined in   Section 22(e)(3) of the Code).  In the event of the Participant’s death prior to   __________, 20__ or the date on which Restricted Stock is issued as provided in Section   3(b), the number of Performance Shares earned by the Participant shall equal the number   determined in accordance with subparagraph (a).  In the event the Participant’s   employment terminates before __________, 20__ or the date on which Restricted Stock   is issued as provided in Section 3(b) due to permanent and total disability, the number of   Performance Shares earned by the Participant shall equal the number determined in   accordance with subparagraph (a) multiplied by a fraction.  The numerator of the fraction   shall be the number of whole months that the Participant was employed by, or providing   services to, the Company or an Affiliate during the 24-month period beginning   __________, 20__ and ending _________, 20__ (including any period that the   Participant was absent from work for illness, injury or short term disability prior to   termination of employment) and the denominator shall be 24.         (d) Retirement.  This subparagraph (d) applies if the Participant’s employment   with, and service to, the Company and its Affiliates terminates before _______ , 20__ or   the date on which Restricted Stock is issued as provided in Section 3(b), on account of   the Participant’s retirement (defined below).  In the event of the Participant’s retirement   before ________, 20__ or the date on which Restricted Stock is issued as provided in   Section 3(b), the number of Performance Shares earned by the Participant shall equal the   number determined in accordance with subparagraph (a) multiplied by a fraction.  The   numerator of the fraction shall be the number of whole months that the Participant was   employed by, or providing services to, the Company or an Affiliate during the 24-month   period beginning _______, 20__ and ending _______, 20__ and the denominator shall be   24.  For purposes of this Section 2(d), retirement shall mean severance from the   employment of the Company and its Affiliates (i) at or after the attainment of age 55 and   after completing a number of years of service (the total years of service credited to   Participant for purposes of determining vested or nontransferable interest in a defined   benefit pension plan maintained by the Company or an Affiliate which satisfies the   requirements of Section 401(a) of the Code) that, when added to Participant’s age at the time   of severance from employment, equals at least 65 or (ii) at or after the attainment of age 65.          (e) Change in Control.  The Participant will earn the number of Performance   Shares equal to Target Shares if there is a Change in Control before _________, 20__ or   the date on which Restricted Stock is issued as provided in Section 3(b).       3. Settlement of Performance Shares.  The Performance Shares will be settled in   accordance with this Section 3.        (a) Committee Certification.  As soon as practicable after _________, 20__   (but no later than _________, 20__), the Committee will determine the number of   Performance Shares that are earned under the provisions of Section 2.  The Committee’s   determination shall be set forth in writing, as part of the minutes of a meeting of the   Committee, by unanimous consent or otherwise.  Notwithstanding the preceding     

 

 4   sentences, a written determination of the Committee shall not be required in the case of   Performance Shares that are earned pursuant to the provisions of Section 2(e).        (b) Issuance of Restricted Stock.  As soon as practicable after the   Committee’s certification under subparagraph (a) (but no later than _______, 20__), the   Committee shall issue shares of Restricted Stock under the Plan in settlement of the   Performance Shares earned by the Participant.  The number of shares of Restricted Stock   issued shall equal the number of Performance Shares earned by the Participant.    Notwithstanding the preceding sentences, (i) if the Performance Shares are earned   pursuant to the provisions of Section 2(c) or 2(d), such Performance Shares shall be   settled in shares of Common Stock that are not subject to the restrictions set forth in   Section 4 and (ii) if the Performance Shares are earned pursuant to the provisions of   Section 2(e), the number of shares of Restricted Stock indicated in Section 2(e) shall be   issued to the Participant on the Control Change Date, and such shares of Restricted Stock   shall otherwise be treated as provided in Section 4(c)(vi).        (c) Registration, etc.  Shares of Restricted Stock issued in settlement of the   Performance Shares shall be registered in the name of the Participant on the stock transfer   books of the Company but shall be held by the Company (or its transfer agent) during the   Restricted Period (defined below).  The Company’s Secretary and its General Counsel   shall serve as attorney-in-fact for Participant during the Restricted Period with full power   and authority in Participant’s name to assign and convey to the Company any shares of   Restricted Stock that Participant forfeits under Section 4(c) or that are recovered under   Section 5.  Each certificate representing shares of Restricted Stock may bear a legend   referring to the risk of forfeiture of the shares and stating that such shares are   nontransferable until all restrictions have been satisfied and the legend has been removed.        (d) Dividends.  Upon issuance of shares of Restricted Stock in settlement of   the Performance Shares earned by the Participant, the Company shall pay Participant in   cash the amount of any dividends that would have been paid on the Performance Shares   prior to settlement if the Performance Shares had been actual shares of Restricted Stock   outstanding during the period from _________, 20__ through _________, 20__.  No   dividends will be paid on the Performance Shares if Restricted Stock is not earned and   issued hereunder.       4. Terms of Restricted Stock.  The shares of Restricted Stock issued in settlement of   the Performance Shares are subject to the following terms and conditions:         (a) Restricted Period.  Until ________, 20__ (the “Restricted Period”) or the   lapse of restrictions as provided in subparagraph (c) hereof, the Restricted Stock shall be subject   to the following restrictions:         (i) Participant shall not be entitled to receive the certificate or certificates       evidencing the Restricted Stock;        

 

 5     (ii) Shares of Restricted Stock may not be sold, transferred, assigned, pledged,      conveyed, hypothecated or otherwise disposed of; and        (iii) Shares of Restricted Stock may be forfeited immediately as provided in      subparagraph (c) hereof.        (b) Distribution of Restricted Stock.  If Participant remains in the continuous      employment of the Company or an Affiliate during the entire Restricted Period      and otherwise does not forfeit such shares pursuant to subparagraph (c) hereof, all     restrictions applicable to the shares of Restricted Stock shall lapse upon expiration     of the Restricted Period and a certificate or certificates representing the shares of      Common Stock that were granted to Participant in the form of shares of Restricted     Stock shall be delivered to Participant.        (c)   Lapse of Restrictions or Forfeiture.         (i) Death.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of   Participant’s death, all restrictions applicable to the shares of Restricted Stock   shall immediately lapse on the date of Participant’s death and the certificate or   certificates representing the shares of Common Stock shall be delivered to   Participant’s estate.        (ii) Disability.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of “total and   permanent disability” (as such term is defined in Section 22(e)(3) of the Code), all   restrictions on a pro rata number of shares of Restricted Stock shall lapse.  The   “pro rata number” shall be the number of shares of Restricted Stock multiplied by   a fraction, the numerator of which is the number of months (including a fractional   month) of Participant’s employment after the Date of Grant and the denominator   of which is 36.  The certificate or certificates representing the shares of Common   Stock upon which the restrictions have lapsed shall be delivered to Participant.      (iii) Retirement.  If Participant’s employment with the Company and its Affiliates is   terminated before the expiration of the Restricted Period by reason of retirement   (defined below), all shares of Restricted Stock shall be forfeited immediately and   all rights of Participant to such shares shall terminate immediately without further   obligation on the part of the Company.  Notwithstanding the foregoing, if   Participant’s service to the Company or an Affiliate continues from and after the   date of retirement through (i) membership on the Board, (ii) a written consulting   services arrangement with the Company or an Affiliate or (iii) at the Company’s   discretion, a written confidentiality and non-solicitation agreement with the   Company (“Post-Retirement Service”), shares of Restricted Stock shall not be   forfeited but shall continue to be held by the Company until the earlier of (i) the end   of the Restricted Period at which time such shares shall be delivered to the   Participant or (ii) the date Participant ceases to provide Post-Retirement Service at     

 

 6   which time such shares shall be forfeited.  For purposes of this subparagraph   4(c)(iii), retirement shall mean severance from the employment of the Company and   its Affiliates (i) at or after the attainment of age 55 and after completing a number of   years of service (the total years of service credited to Participant for purposes of   determining vested or nontransferable interest in a defined benefit pension plan   maintained by the Company or an Affiliate which satisfies the requirements of   Section 401(a) of the Code) that, when added to Participant’s age at the time of   severance from employment, equals at least 65 or (ii) at or after the attainment of   age 65.      (iv) Termination of Employment by Company or Affiliate.      (a) With Cause.  If the Company or an Affiliate terminates Participant’s   employment with the Company and its Affiliates with “cause,” all shares of   Restricted Stock shall be forfeited immediately and all rights of Participant to   such shares shall terminate immediately without further obligation on the part   of the Company.  For purposes of this Agreement, “cause” means:   (i) misappropriation, theft or embezzlement of funds or property from the   Company or an Affiliate or securing or attempting to secure personally any   profit in connection with any transaction entered into on behalf of the   Company or an Affiliate, (ii) conviction of, or entry of a plea of “nolo   contendere” with respect to, a felony which, in the reasonable opinion of the   Company, is likely to cause material harm to the Company’s or an Affiliate’s   business, customer or supplier relations, financial condition or prospects, (iii)   violation of the Company’s Code of Honor or any successor code of conduct;   or (iv) failure to substantially perform (other than by reason of illness or   temporary disability, regardless of whether such temporary disability is or   becomes a total and permanent disability (as defined in subparagraph 4(c)(ii)   above), or by reason of approved leave of absence) the duties of Participant’s   job.      (b) Without Cause.  If Participant’s employment with the Company and its   Affiliates is terminated by the Company or an Affiliate without “cause,” all   restrictions on a pro rata number of shares of Restricted Stock shall lapse.    The “pro rata number” shall be the number of shares of Restricted Stock   multiplied by a fraction, the numerator of which is the number of months   (including a fractional month) of Participant’s employment after the Date of   Grant and the denominator of which is 36.  The certificate or certificates   representing the shares of Common Stock upon which the restrictions have   lapsed shall be delivered to Participant.      (v) Termination of Employment by Participant.  If Participant resigns from   employment with the Company and its Affiliates before the expiration of the   Restricted Period, without regard to the reason for such resignation (other than   death, disability or retirement as provided in subsections (i), (ii) and (iii) above),   all of the shares of Restricted Stock shall be forfeited immediately and all rights     

 

 7   of Participant to such shares shall terminate immediately without further   obligation on the part of the Company.      (vi) Change in Control.        (a) If, upon a Change in Control, (i) the Restricted Stock is assumed by, or a   substitute award granted by, the surviving entity (together with its Related   Entities, the “Surviving Entity”) in the Change in Control (such assumed or   substituted award to be of the same type of award as this Restricted Stock with a   value as of the Control Change Date substantially equal to the value of this   Restricted Stock) and (ii) within 24 months of the Control Change Date,   Participant’s employment with the Surviving Entity is terminated by the   Surviving Entity without Cause (defined below) or by Participant for Good   Reason (defined below), all restrictions applicable to the shares of Restricted   Stock shall immediately lapse on the date of employment termination and the   certificate or certificates representing the shares of Common Stock upon which   the restrictions have lapsed shall be delivered to Participant.        (b) For purposes of this subsection 4(c)(vi), “Cause” shall mean (i) the willful and   continued failure by Participant to substantially perform his or her duties with   the Surviving Entity (other than any such failure resulting from Participant’s   incapacity due to physical or mental illness) after a written demand for   substantial performance is delivered to Participant by the Surviving Entity,   which demand specifically identifies the manner in which the Surviving Entity   believes that Participant has not substantially performed his or her duties, or (ii)   the willful engaging by Participant in conduct which is demonstrably and   materially injurious to the Surviving Entity, monetarily or otherwise.  For   purposes of this paragraph, no act, or failure to act, on Participant’s part shall be   deemed "willful" unless done, or omitted to be done, not in good faith and   without reasonable belief that the action or omission was in the best interest of   the Surviving Entity.        (c) For purposes of this subparagraph 4(c)(vi), “Good Reason” shall have the   meaning given to such term in the Executive Severance Agreement between   Participant and the Company effective January 1, 20__, as such agreement from   time to time may be amended, modified, extended or replaced by a successor   agreement or plan.      (d)  If, upon a Change in Control, the Restricted Stock is not assumed by, or a   substitute award granted by, the Surviving Entity in the Change in Control as   provided in subparagraph 4(c)(vi)(a) above, all restrictions applicable to the   shares of Restricted Stock shall immediately lapse on the Control Change   Date and the certificate or certificates representing the shares of Common   Stock upon which the restrictions have lapsed shall be delivered to   Participant.        

 

 8    5. Recoupment Policy.  Notwithstanding any other provision in this Agreement to the   contrary, the Stock Award and underlying Restricted Stock granted under this Agreement are   subject to recoupment by the Company in accordance with the Company’s Policy on Recoupment   of Executive Incentive Compensation in effect on the date of this Agreement, as such policy is   interpreted and applied by the Company’s board of directors.         6. Nontransferability.  The Performance Shares are nontransferable except by will or   by the laws of descent and distribution.  Shares of Restricted Stock issued in settlement of the   Performance Shares cannot be transferred before the Restricted Period lapses except by will or by   the laws of descent and distribution.        7. Shareholder Rights.  Except as otherwise specifically provided herein, the   Participant shall not have any rights as a shareholder of the Company with respect to the   Performance Shares.  Upon the issuance of shares of Restricted Stock in settlement of the   Performance Shares, the Participant shall have all of the rights of a shareholder of the Company   with respect to those shares, including the right to vote the shares and to receive, free of all   restrictions, ordinary cash dividends.  Stock received as a dividend on, or in connection with a   stock split of any shares of Restricted Stock issued in settlement of the Performance Shares shall   be subject to the same vesting restrictions as the underlying shares of Restricted Stock.  The   Participant’s right to receive any extraordinary dividends or distributions with respect to shares   of Restricted Stock issued in settlement of the Performance Shares shall be at the sole discretion   of the Committee, but in the event of any such extraordinary event, the Committee shall take   action appropriate to preserve the value of, and to prevent the unintended enhancement of value   in, such shares of Restricted Stock.       8. Withholding.  The Participant shall pay the Company any amount of taxes as may   be necessary in the opinion of the Company to satisfy tax withholding required under the laws of   any country, state, province, city or other jurisdiction, including but not limited to income taxes,   capital gains taxes, transfer taxes, and social security contributions.  In lieu thereof, the Company   shall have the right to retain, from the shares of Restricted Stock to be issued under Section 3, the   number of shares of Restricted Stock with Fair Market Value equal to the minimum amount   required to be withheld.  In any event, the Company shall have the right to deduct from all amounts   paid to a Participant in cash (whether under the Plan or otherwise) any taxes required to be withheld.   The Participant shall promptly notify the Company of any election made pursuant of Section 83(b)   of the Code.       9. No Right to Continued Employment.  The award and settlement of the   Performance Shares does not give Participant any right with respect to continuance of employment   by the Company or an Affiliate, nor shall it interfere in any way with the right of the Company or an   Affiliate to terminate his or her employment at any time.       10. Change in Capital Structure.  The number of Performance Shares and the   performance criteria in Section 2 (or, after any settlement of the Performance Shares, the number of   shares of Restricted Stock) shall be adjusted as the Committee determines is equitably required in   the event the Company effects one or more stock dividends, stock split-ups subdivisions or     

 

 9   consolidations of shares, other similar changes in capitalization or such other events as are described   in the Plan.       11. Governing Law.  This Agreement shall be governed by the laws of the   Commonwealth of Virginia.       12. Conflicts.  In the event of any conflict between the provisions of the Plan as in effect   on the Date of Grant and the provisions of this Agreement, the provisions of the Plan shall govern.    All references herein to the Plan shall mean the plan as in effect on the Date of Grant.       13. Participant Bound by Plan.  Participant hereby acknowledges that a copy of the   Plan has been made available to him or her and he or she agrees to be bound by all the terms and   provisions of the Plan.       14. Binding Effect.  Subject to the limitations stated above and in the Plan, this   Agreement shall be binding upon Participant and his or her successors in interest and the successors   of the Company.             IN WITNESS WHEREOF, the parties have executed this Agreement as of the date   first above written.            OWENS & MINOR, INC.               By:_________________________________                               ____________________________________        Participant           26333.000083 RICHMOND 2199118v1

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