Document:

Exhibit 10.7

      

      

      

      
        AMENDED AND RESTATED RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

        VIEMED HEALTHCARE, INC.

        (effective as of July 17, 2018)

        

        

        PART 1

        GENERAL PROVISIONS

        

        

        Establishment and Purpose

        

        

        1.1         The Corporation hereby establishes a Restricted Share Unit and
            Deferred Share Unit plan known as the “Viemed RSU/DSU Plan” or “Viemed Restricted Share Unit and Deferred Share Unit Plan”, and in this documents referred to as the “Plan”.

        

        

        1.2         The purpose of the Plan is to secure for the Corporation and its
            shareholders the benefits of incentive inherent in share ownership by Eligible Persons who, in the judgment of the Board, will be largely responsible for its future growth and success. The Board also contemplates that through the Plan, the
            Corporation will be better able to compete for and retain the services of the individuals needed for the continued growth and success of the Corporation.

        

        

        1.3         Restricted Share Units granted pursuant to this Plan will be used to
            compensate Employees and Officers for their individual performance based achievements and are intended to provide an alternative incentive to stock option awards in this specific respect. The goal of such grants is to more closely tie awards to
            individual performance based on established performance criteria.

        

        

        Definitions

        

        

        1.4          In this Plan:

        

        

        (a)          “Applicable Withholding Tax”
            means any and all taxes and other source deductions or other amounts which the Corporation is required by Applicable Law to withhold from any amounts paid or credited to a Participant under the Plan, which the Corporation determines to withhold
            in order to fund remittance obligations;

        

        

        (b)          “Attendance Fee” means the fee for attending
            committee meetings;

        

        

        (c)          “Award” means an award of Restricted Share Units
            and/or Deferred Share Units under this Plan;

        

        

        (d)         “Award Payout” means the applicable Share
            issuance or cash payment in respect of a vested Restricted Share Unit pursuant and subject to the terms and conditions of this Plan and the applicable Award;

        

        

        (e)          “Board” means the board of directors of the
            Corporation;

        

        

        (f)          “Business Day” means a day upon which the TSX is
            open for trading;

        

        

        (g)        “Change of Control” in respect of any Eligible
            Person has the meaning ascribed to such term (in a relevant context) in the Eligible Person’s then existing employment agreement with the Corporation or, if no meaning is so ascribed, means the acquisition by any person or by any person and its
            joint actors (as such term is defined in the Securities Act), whether directly or indirectly, of voting securities (as such term is defined in the Securities Act) of the Corporation which, when added to all of the voting securities of the
            Corporation at the time held by such person and its joint actors, totals for the first time not less than 20% of the outstanding voting securities of the Corporation;

        

        

        (h)          “Code” means the U.S. Internal Revenue Code of
            1986, as amended;

         

          

        
          
            

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        (i)          “Committee” means the Compensation Committee of
            the Board or other committee of the Board, consisting of not less than three directors, to whom the authority of the Board is delegated in accordance with §1.8;

        

        

        (j)           “Corporation” means Viemed Healthcare, Inc.,
            and includes any successor Corporation thereto;

        

        

        (k)        “Deferred Share Unit” means a right granted by the
            Corporation to an Eligible Person to receive, on a deferred payment basis, a Share or the Fair Market Value of a Share, on the terms contained in this Plan;

        

        

        (l)          “Designated Deferred Share Unit Compensation”
            means that part of a Non-Employee Director’s compensation that is designated by the Board to be paid in Deferred Share Units;

        

        

        (m)         “Director” means a member of the Board;

        

        

        (n)         “Discretionary Compensation” means any amount
            that is approved by the Board, from time to time, to be paid to an Eligible Person in that person’s capacity as a Non-Employee Director;

        

        

        (o)          “DSU Participant” means an Eligible Person who
            may be granted Deferred Share Units from time to time under this Plan;

        

        

        (p)          “Early Triggers” means any of the events
            described in §4.3 and §4.4 which result in the accelerated vesting of unvested Restricted Share Units ;

        

        

        (q)          “Elected Amount” has the meaning set forth in
            §5.1;

        

        

        (r)          “Eligible Person” means any person who is an Employee, Officer, or a Non-Employee Director;

        

        

        (s)          “Employee” means an employee of the Corporation or of a Related Entity;

        

        

        (t)          “Expiry Date” means December 31 of the third calendar year after the Grant Date, or such earlier date as may be established by the Board in respect of an Award at the time of grant of the Award;

        

        

        (u)          “Fair Market Value” means, as at a particular date, for the purpose of calculating the applicable Vesting Date Value and Award Payout;

        

        

        (i)          if the Shares are listed on the TSX, the volume
            weighted average price per Share traded on the TSX over the last five trading days preceding that date,

        

        

        (ii)         if the Shares are not listed on the TSX, the
            value established by the Board based on the volume weighted average price per Share traded on any other public exchange on which the Shares are listed over the same period, or

        

        

        (iii)        if the Shares are not listed on any public
            exchange, the value per Share established by the Board based on its determination of the fair value of a Share;

        

        

        (v)        “Financial Quarter” means each three month period
            ending on March 31, June 30, September 30, or December 31, respectively, unless otherwise designated by the Board;

        

        

        (w)         “Grant Date” means the date of grant of any
            Restricted Share Unit or Deferred Share Unit;

        

        

        (x)          “IFRS” means the International Financial
            Reporting Standards as adopted by the Accounting Standards Board of Canada;

        

        

        (y)          “Insider” has the meaning ascribed to that term
            in Part I of the TSX Company Manual;

         

          

        
          
            

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        (z)          “ITA” means the Income Tax Act (Canada), R.S.C. 1985, c.1 (5th Supp.), including the regulations promulgated thereunder, as amended from time to time;

        

        

        (aa)        “Key Employee” means a person who is a “key
            employee” as defined for purposes of sec. 416(i) of the Internal Revenue Code (United States);

        

        

        (bb)      “Non-Employee Director” shall mean an individual
            who is a member of the Board but who is not otherwise an Employee or an Officer of the Corporation or of any Related Entity at the date the Award is granted;

        

        

        (cc)        “Officer” means an individual who is an officer of the Corporation or of a Related Entity as an appointee of the Board or the board of directors of the Related Entity, as the case may be;

        

        

        (dd)        “Outstanding Issue” means the number of Shares
            outstanding on a non-diluted basis;

        

        

        (ee)        “Participant” means a RSU Participant or a DSU
            Participant, as applicable;

        

        

        (ff)         “Plan” means this Viemed RSU/DSU Plan or Viemed
            Restricted Share Unit and Deferred Share Unit Plan, as amended from time to time;

        

        

        (gg)       “Restricted Share Unit” means a right granted under this Plan to receive the Award Payout on the terms contained in this Plan as more particularly described in §4.1;

        

        

        (hh)        “Redemption Date” has the meaning contained in
            §6.1;

        

        

        (ii)          “Redemption Notice” has the meaning contained in §6.1;

        

        

        (jj)         “Related Entity” means a person that is
            controlled by the Corporation. For the purposes of this Plan, a person (first person) is considered to control another person (second person) if the first person, directly or indirectly, has the power to direct the management and policies of
            the second person by virtue of

        

        

        (i)          ownership of or direction over voting securities
            in the second person,

        

        

        (ii)         a written agreement or indenture,

        

        

        (iii)        being the general partner or controlling the
            general partner of the second person, or

        

        

        (iv)        being a trustee of the second person;

        

        

        (kk)        “Remuneration Period” means a fiscal year, or
            where the context requires, any portion of such period;

        

        

        (ll)         “Required Approvals” has the meaning contained in §1.6;

        

        

        (mm)    “Retirement” means, with respect to a Recipient, the
            early or normal retirement of the Recipient within the meaning of the pension plan of the Corporation for salaried employees, whether or not such Recipient is a member of that pension plan, or, if the Corporation does not have such a plan, the
            date on which the Recipient reaches age 65;

        

        

        (nn)        “RSU Participant” means an Eligible Person who
            may be granted Restricted Share Units from time to time under this Plan;

        

        

        (oo)        “Securities Act” means the Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time;

            

          

        
          
            

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        (pp)        “Security Based Compensation Arrangement” has the
            meaning ascribed to it in section 613(b) of Part VI of TSX Company Manual

        

        

        (qq)       “Separation Date” the date that the Eligible
            Person ceases service as a Non-Employee Director of, and is not an employee or officer of, the Corporation or its subsidiaries;

        

        

        (rr)          “Share” means a Common share in the capital of
            the Corporation as from time to time constituted;

        

        

        (ss)       “Termination” means, with respect to a RSU Participant, that the RSU Participant has ceased to be an Eligible Person, other than as a result of Retirement, and has ceased to fulfil any other role
            as employee or officer of the Corporation or any Related Entity, including as a result of termination of employment, resignation from employment, removal as an officer, death or Total Disability;

        

        

        (tt)         “Terminated Service” means, with respect to an
            DSU Participant, that the DSU Participant has ceased to be an Eligible Person, other than as a result of death;

        

        

        (uu)        “Total Cash Compensation” for a particular DSU
            Participant means the aggregate of the annual retainer (including any additional amounts payable for serving as lead Director or committee Chair or member of the audit committee of the Board), the Attendance Fee and any Discretionary
            Compensation, that may become payable to that DSU Participant (not including any component that, at the relevant time, has been designated as Designated Deferred Share Unit Compensation);

        

        

        (vv)       “Total Disability” means, with respect to a RSU
            Participant, that, solely because of disease or injury, within the meaning of the long-term disability plan of the Corporation, the RSU Participant, is deemed by a qualified physician selected by the Corporation to be unable to work at any
            occupation which the RSU Participant, is reasonably qualified to perform;

        

        

        (ww)      “Trigger Date” means, with respect to a Restricted
            Share Unit, the date set by the Board which is no later than December 1 of the third calendar year following the Grant Date of the Restricted Share Unit, and if no date is set by the Board, then December 1 of the third calendar year following
            the Grant Date of the Restricted Share Unit;

        

        

        (xx)        “TSX” means The Toronto Stock Exchange;

        

        

        (yy)      “TSX Company Manual” means the TSX Company Manual
            published by the TSX setting out the requirements relating to listed companies, as amended and updated from time to time;

        

        

        (zz)        “U.S. Director” means a Director who is a United
            States citizen or a United States resident as defined under U.S. tax law; and

        

        

        (aaa)       “Vesting Date Value” means the notional value, as
            at a particular date, of the Fair Market Value of one Share.

        

        

        Interpretation

        

        

        1.5          For all purposes of this Plan, except as otherwise expressly
            provided or unless the context otherwise requires:

        

        

        (a)         any reference to a statute shall include and
            shall, unless otherwise set out herein, be deemed to be a reference to such statute and to the regulations made pursuant thereto, with all amendments made thereto and in force from time to time, and to any statute or regulations that may be
            passed which has the effect of supplementing or superseding such statute or such regulations;

        

        

        (b)          the singular includes the plural and vice-versa,
            and a reference to any of the feminine, masculine or neuter includes the other two;

        

        

        
          
            

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        (c)         any reference to “consent” or “discretion” of any
            person shall be construed as meaning that such person may withhold such consent arbitrarily or grant it, if at all, on such terms as the person sees fit, and may exercise all discretion fully and in unfettered manner; and

        

        

        (d)          any reference to “including” or “inclusive” shall
            be construed as not restricting the generality of any foregoing or other provision.

        

        

        Effective Date

        

        

        1.6         This Plan will be effective on July 17, 2018. The Board may, in its
            discretion, at any time, and from time to time, issue Restricted Share Units or Deferred Share Units to Eligible Persons as it determines appropriate under this Plan. However, any such issued Restricted Share Units or Deferred Share Units may
            not be paid out in Shares in any event until receipt of the necessary approvals from shareholders of the Corporation or the TSX and any other applicable regulatory bodies (the “Required Approvals”).

        

        

        Administration

        

        

        1.7       The Board is authorized to interpret this Plan from time to time and
            to adopt, amend and rescind rules and regulations for carrying out the Plan. The interpretation and construction of any provision of this Plan by the Board shall be final and conclusive. Administration of this Plan shall be the responsibility
            of the appropriate officers of the Corporation and all costs in respect thereof shall be paid by the Corporation.

        

        

        Delegation to Committee

        

        

        1.8        All of the powers exercisable hereunder by the Board may, to the
            extent permitted by law and as determined by a resolution of the Board, be delegated to a Committee including, without limiting the generality of the foregoing, those referred to under §1.7 and all actions taken and decisions made by the
            Committee or by such officers in this regard will be final, conclusive and binding on all parties concerned, including, but not limited to, the Corporation, the Eligible Person, and their legal representatives.

        

        

        Incorporation of Terms of Plan

        

        

        1.9         Subject to specific variations approved by the Board all terms and
            conditions set out herein will be incorporated into and form part of each Restricted Share Unit and each Deferred Share Unit granted under this Plan.

        

        

        Maximum Number of Shares

        

        

        1.10          The aggregate number of Shares that may be reserved for issuance,
            at any time, under this Plan and under any other Security Based Compensation Agreements adopted by the Corporation, including the Corporation’s Stock Option Plan, shall not exceed 7,581,925 Shares, being 20% of the total Outstanding Issue as at the date hereof.

        

        

        1.11          Any Shares subject to a Restricted Share Unit or Deferred Share
            Unit which has been granted under the Plan and which is cancelled or terminated in accordance with the terms of the Plan without being paid out in Shares as provided for in this Plan shall again be available under the Plan.  In addition, any
            Restricted Share Unit or Deferred Share Unit which has been granted under the Plan and which is paid out in cash as provided for in this Plan shall again be available under the Plan.

         

          

        
          
            

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        PART 2

        AWARDS UNDER THIS PLAN

        

        

        Eligibility

        

        

        2.1          Awards will be granted only to Eligible Persons. If any Eligible Person is (pursuant to the terms of his or her employment, engagement or otherwise) subject to a requirement that he or she not benefit
            personally from an Award, the Committee may (in its discretion, taking into account relevant corporate, securities and tax laws) grant any Award to which such Person would otherwise be entitled to the Person’s employer or to any other entity
            designated by them that directly or indirectly imposes such requirement on the Person. The Committee shall have the power to determine other eligibility
            requirements with respect to Awards or types of Awards.

        

        

        Limitation on Issuance of Shares to Insiders

        

        

        2.2          Notwithstanding anything in this Plan, the Corporation shall not
            issue Shares under this Plan to any Eligible Person who is an Insider of the Corporation where such issuance would result in:

        

        

        (a)         the total number of Shares issuable at any time
            under this Plan to Insiders, or when combined with all other Shares issuable to Insiders under any other Security Based Compensation Arrangement then in place, exceeding 10% of the total number of issued and outstanding equity securities of the
            Corporation on a non-diluted basis; and

        

        

        (b)          the total number of Shares that may be issued to
            Insiders during any one year period under this Plan, or when combined with all other Shares issued to Insiders under any other Security Based Compensation Arrangement then in place, exceeding 10% of the total number of issued and outstanding
            equity securities of the Corporation on a non diluted basis.

        

        

        Where the Corporation is precluded by this §2.2 from issuing Shares to an Insider of the Corporation, the Corporation will pay to the relevant Insider
            who is (i) a RSU Participant a cash amount equal to the Vesting Date Value as at the Trigger Date of the Restricted Share Unit or (ii) a DSU Participant, cash equal to the Fair Market Value of the Shares on the Redemption Date multiplied by the
            number of Deferred Share Units to be redeemed on such date, in each such case, at the dates set forth in this Plan.

        

        

        Consultants and Advisors

        

        

        2.3        The Board may engage such consultants and advisors as it considers
            appropriate, including compensation or human resources consultants or advisors, to provide advice and assistance in determining the amounts to be paid under this Plan and other amounts and values to be determined hereunder or in respect of this
            Plan including, without limitation, those related to a particular Fair Market Value.

        

        

        PART 3

        RESTRICTED SHARE UNITS

        

        

        RSU Participants

        

        

        3.1          Restricted Share Units that may be granted hereunder to a particular
            Eligible Person in a calendar year will (subject to any applicable terms and conditions and the Board’s discretion) represent a right to a bonus or similar payment to be received for services rendered by such Eligible Person to the Corporation
            or a Related Entity, as the case may be, in the Corporation’s or the Related Entity’s fiscal year ending in, or coincident with, such calendar year.

         

          

        
          
            

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        Grant

        

        

        3.2         The Board may, in its discretion, at any time, and from time to
            time, grant Restricted Share Units to Eligible Persons as it determines is appropriate, subject to the limitations set out in this Plan. In making such grants the Board may, in its sole discretion but subject to §3.4(d) , in addition to
            Performance Conditions set out below, impose such conditions on the vesting of the Awards as it sees fit, including imposing a vesting period on grants of Restricted Share Units.

        

        

        Performance Conditions

        

        

        3.3         At the time a grant of a Restricted Share Unit is made, the Board
            may, in its sole discretion, establish such performance conditions for the vesting of Restricted Share Units as may be specified by the Committee in the Award (the “Performance Conditions”). The Board may use such business criteria and other measures of performance as it may deem appropriate in establishing any Performance Conditions, and may exercise its discretion to reduce the amounts
            payable under any Award subject to Performance Conditions. The Board may determine that an Award shall vest in whole or in part upon achievement of any one performance condition or that two or more Performance Conditions must be achieved prior
            to the vesting of an Award. Performance Conditions may differ for Awards granted to any one RSU Participant or to different RSU Participants.

        

        

        Vesting

        

        

        3.4          Except as provided in this Plan, Restricted Share Units issued under
            this Plan will vest on the later of:

        

        

        (a)          the Trigger Date; and

        

        

        (b)          the date upon which the relevant Performance
            Condition set out in the Award has been satisfied,

        

        

        provided that

        

        

        (c)          Restricted Share Units shall only vest on the
            Trigger Date to the extent that the Performance Conditions set out in an Award have been satisfied on or before the Trigger Date; and

        

        

        (d)          no Restricted Share Unit will remain outstanding
            for any period which exceeds the Expiry Date of such Restricted Share Unit.

        

        

        Forfeiture and Cancellation Upon Expiry Date

        

        

        3.5         Restricted Share Units which do not vest on or before the Expiry
            Date of such Restricted Share Unit will be automatically deemed cancelled, without further act or formality and without compensation.

        

        

        Account

        

        

        3.6          Restricted Share Units issued pursuant to this Plan (including
            fractional Restricted Share Units, computed to three digits) will be credited to a notional account maintained for each RSU Participant by the Corporation for the purposes of facilitating the determination of amounts that may become payable
            hereunder. A written confirmation of the balance in each RSU Participant’s account will be sent by the Corporation to the RSU Participant upon request of the RSU Participant.

        

        

        Dividend Equivalents

        

        

        3.7        On any date on which a cash dividend is paid on Shares, a RSU
            Participant’s account will be credited with the number and type of Restricted Share Units (including fractional Restricted Share Units, computed to three digits) calculated by

         

          

        
          
            

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        (a)        multiplying the amount of the dividend per Share
            by the aggregate number of Restricted Share Units that were credited to the RSU Participant’s account as of the record date for payment of the dividend, and

        

        

        (b)          dividing the amount obtained in §(a) by the Fair
            Market Value on the date on which the dividend is paid.

        

        

        Adjustments and Reorganizations

        

        

        3.8        In the event of any dividend paid in shares, share subdivision,
            combination or exchange of shares, merger, consolidation, spin-off or other distribution of Corporation assets to shareholders, or any other change in the capital of the Corporation affecting Shares, the Board, in its sole and absolute
            discretion, will make, with respect to the number of Restricted Share Units outstanding under this Plan, any proportionate adjustments as it considers appropriate to reflect that change.

        

        

        Notice and Acknowledgement

        

        

        3.9         No certificates will be issued with respect to the Restricted Share
            Units issued under this Plan. Each RSU Participant will, prior to being granted any Restricted Share Units, deliver to the Corporation a signed acknowledgement substantially in the form of Schedule “A” to this Plan.

        

        

        PART 4

        PAYMENTS UNDER THE RESTRICTED SHARE UNITS

        

        

        Payment of Restricted Share Units

        

        

        4.1         Subject to the terms of this Plan and, without limitation, §4.6 of
            this Plan, the Corporation will pay out vested Restricted Share Units issued under this Plan and credited to the account of a RSU Participant by paying or issuing (net of any Applicable Withholding Tax) to such RSU Participant, on the 10th business day following the Trigger Date but no later than the Expiry Date of such Vested Restricted Share Unit, an Award Payout of either at the Corporation’s
            discretion:

        

        

        (a)          subject to receipt of the
            Required Approvals, one Share for such whole Vested Restricted Share Unit. Fractional Shares shall not be issued and where a RSU Participant would be entitled to receive a fractional Share in respect of any fractional Vested Restricted Share
            Unit, the Corporation shall pay to such RSU Participant, in lieu of such fractional Share, cash equal to the Vesting Date Value as at the Trigger Date of such fractional Share. Each Share issued by the Corporation pursuant to this Plan shall be
            issued as fully paid and non-assessable, or

        

        

        (b)          a cash amount equal to the
            Vesting Date Value as at the Trigger Date of such Vested Restricted Share Unit.

        

        

        Cancellation on Termination

        

        

        4.2         Subject to §4.3 and §4.4 of this Plan, unless the Board at any time
            otherwise determines, all unvested Restricted Share Units held by any RSU Participant and all rights in respect thereof will be automatically cancelled, without further act or formality and without compensation, immediately in the event of
            Termination.

        

        

        Retirement, Total Disability or Death

        

        

        4.3          Notwithstanding anything else in this Plan, if a RSU Participant
            ceases to be an Eligible Person for any of the following reasons, all unvested Restricted Share Units held by such RSU Participant will not be canceled but will immediately be automatically vested, without further act or formality

        
          
            

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        (a)          Retirement of the RSU Participant; or

        

        

        (b)          death or Total Disability of a RSU Participant.

        

        

        Termination on Change of Control

        

        

        4.4        Notwithstanding anything else in this Plan, all unvested Restricted
            Share Units held by any RSU Participant will automatically vest, without further act or formality, immediately in the event of a Termination of employment by the Corporation without cause or Termination arising from the resignation or cessation
            of employment or service by the RSU Participant based on a material reduction or change in position, duties or remuneration of the RSU Participant at any time within 12 months after the occurrence of a Change of Control.

        

        

        Early Trigger

        

        

        4.5         Upon the occurrence of an Early Trigger under this Plan, the
            Corporation will pay out on such vested Restricted Share Units issued under this Plan and credited to the account of such RSU Participant by paying (net of any Applicable Withholding Tax) to such RSU Participant on but no later than 10 days
            after the occurrence of the Early Trigger, an Award Payout in an amount equal to the Vesting Date Value as at the date of the occurrence of the Early Trigger of such Restricted Share Unit. Payments in respect of Restricted Share Units credited
            to the accounts of persons who are deceased will be made to or for the benefit of the legal representative of such person in accordance with §4.1.

        

        

        Tax Matters and Applicable Withholding Tax

        

        

        4.6         The Corporation does not assume any responsibility for or in respect
            of the tax consequences of the grant to RSU Participants of Restricted Share Units, or payments received by RSU Participants pursuant to this Plan. The Corporation or relevant Related Entity, as applicable, is authorized to deduct any
            Applicable Withholding Tax, in such manner (including, without limitation, by selling Shares otherwise issuable to RSU Participants, on such terms as the Corporation determines) as it determines so as to ensure that it will be able to comply
            with the applicable provisions of any federal, provincial, state or local law relating to the withholding of tax or other required deductions, or the remittance of tax or other obligations. The Corporation or relevant Related Entity, as
            applicable, may require RSU Participants, as a condition of receiving amounts to be paid to them under this Plan, to deliver undertakings to, or indemnities in favour of, the Corporation or Related Entity, as applicable, respecting the payment
            by such RSU Participant s of applicable income or other taxes.

        

        

        PART 5

        DEFERRED SHARE UNITS

        

        

        Determination of Deferred Share Units

        

        

        5.1          The Board may, before a relevant date in respect of which
            compensation is otherwise payable, grant Designated Deferred Share Unit Compensation to Eligible Persons. In addition, a DSU Participant may elect, in the manner set out in §5.2, 5.3 and 5.4 as applicable, to receive all or a portion of the DSU
            Participant’s Total Cash Compensation (the “Elected Amount”) in
            the form of Deferred Share Units. Deferred Share Units issued pursuant to this Plan will be credited to a notional account maintained for each DSU Participant by the Corporation for the purposes of facilitating the determination of amounts that
            may become payable hereunder. The number of Deferred Share Units (including fractional Deferred Share Units, computed to three digits) to be credited to an DSU Participant will be determined in accordance with §5.5.

        

        

        Elected Amount Proportional Election

        

        

        5.2          At the option of the Board in its sole discretion, the Board may
            provide each DSU Participant with the ability to elect, with respect to a Financial Quarter, to be paid a percentage (from zero to 100% in 25% increments) of the DSU Participant’s Total Cash Compensation, in Deferred Share Units, with the
            balance, if any, being paid in cash, or a combination thereof.

         

          

        
          
            

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        Elected Amount Timing of Election

        

        

        5.3         To be effective, an election (set out in the form attached hereto as
            “Schedule B”) with respect to Total Cash Compensation for services must be given to the Corporation not less than five Business Days before the beginning of the calendar year in which the services are performed to which the election relates,
            and in all events before the relevant Total Cash Compensation is otherwise payable.

        

        

        Elected Amount No Election

        

        

        5.4        If the Board has not provided a DSU Participant with the option to
            elect under Section 5.2 or if no election is made in respect of a particular Remuneration Period, the new or existing DSU Participant will receive the Total Cash Compensation in cash and no Deferred Share Units will be credited in respect of
            the particular Remuneration Period.

        

        

        Issue of Deferred Share Units

        

        

        5.5          The number of Deferred Share Units (including fractional Deferred
            Share Units, computed to three digits) to be credited to the account of a DSU Participant

        

        

        (a)         for services in a Financial Quarter and in
            respect of an election as referenced in Section 5.2, may be determined by dividing the Elected Amount (in respect of the DSU Participant’s Total Cash Compensation to be earned in such Financial Quarter) by the Fair Market Value as at the first
            Business Day of the Financial Quarter or such other date as is determined by the Board in its discretion, or

        

        

        (b)       pursuant to a grant of Designated Deferred Share
            Unit Compensation may be determined by dividing the Designated Deferred Share Unit Compensation by the Fair Market Value as of the date of such grant, by the Fair Market Value, as of the date of such grant at the discretion of the Board.

        

        

        Dividend Equivalents

        

        

        5.6          On any date on which a cash dividend is paid on Shares, an DSU
            Participant’s account will be credited with the number of Deferred Share Units (including fractional Deferred Share Units, computed to three digits) calculated by

        

        

        (a)          multiplying the amount of the dividend per Share
            by the aggregate number of Deferred Share Units that were credited to the DSU Participant’s account as of the record date for payment of the dividend, and

        

        

        (b)          dividing the amount obtained in §3.7(a) by the
            Fair Market Value on the date on which the dividend is paid.

        

        

        Eligible Person’s Account

        

        

        5.7         A written confirmation of the balance in each DSU Participant’s
            notional account will be sent by the Corporation to the DSU Participant upon request of the Eligible Person.

        

        

        Adjustments and Reorganizations

        

        

        5.8        In the event of any dividend paid in shares, share subdivision,
            combination or exchange of shares, merger, consolidation, spin-off or other distribution of Corporation assets to shareholders, or any other change in the capital of the Corporation affecting Shares, the Board, in its sole and absolute
            discretion, will make, with respect to the number of Deferred Share Units outstanding under this Plan, any proportionate adjustments as it considers appropriate to reflect that change.

         

          

        
          
            

          - 11 -

        

        PART 6

        REDEMPTION OF DSUS ON TERMINATION OF SERVICE OF DSU PARTICIPANTS

        

        

        Redemption of Deferred Share Units – Non‐U.S. Directors

        

        

        6.1         On or after the Separation Date but no later than December 15 of the
            first calendar year commencing after the year in which the Separation Date occurred (the “Redemption Date”), the Corporation shall redeem the Deferred Share Units of a DSU Participant by providing a notice to the DSU Participant (in the form attached hereto as Schedule “C”) (“Redemption Notice”) either (i) pay to an DSU Participant who is not a U.S. Director and who
            has Terminated Service cash equal to the Fair Market Value of the Shares on the Redemption Date multiplied by the number of Deferred Share Units to be redeemed on such date, net of any Applicable Withholding Tax, or (ii) in respect of any
            Deferred Share Units granted and subject to the receipt of the Required Approvals, issue to the DSU Participant who is not a U.S. Director and who has Terminated Service, one Share for each Deferred Share Unit to be redeemed on such date, net
            of any Applicable Withholding Tax.

        

        

        6.2         Notwithstanding §6.1, the Corporation may defer the Redemption Date
            to any other date if such deferral is, in the sole opinion of the Corporation, desirable to ensure compliance with §7.4, provided that in no event shall the Redemption Date be deferred to a date that is later than the end of the calendar year
            after the calendar year in which the Separation Date falls.

        

        

        Redemption of Deferred Share Units – U.S. Directors

        

        

        6.3         The Corporation shall pay an DSU Participant who is a U.S. Director
            and who has Terminated Service, at the Corporation’s option either (i) in cash equal to the Fair Market Value of the Shares on the Separation Date multiplied by the number of Deferred Share Units recorded to the DSU Participant or (ii) in
            respect of Deferred Share Units granted and subject to the receipt of the Required Approvals, in Shares equal to the number Deferred Share Units recorded to the DSU Participant, net of any Applicable Withholding Tax. The Corporation will make
            such payment,

        

        

        (a)          to any such DSU Participant who is a Key
            Employee, as soon as is reasonably possible following the date that is at least six months after the date such Key Employee has Terminated Service, but in any event within eight months of such Key Employee having Terminated Service, and

        

        

        (b)          to any DSU Participant who is not a Key Employee,
            as soon as is reasonably possible following the date the Eligible Person has Terminated Service, but in any event within two months of the date on which the DSU Participant has Terminated Service.

        

        

        Death

        

        

        6.4        In the event of the death of an DSU Participant, the Corporation
            will, within two months of the DSU Participant’s death, pay cash
            equal to the Fair Market Value of the Shares multiplied by the number of Deferred Share Units recorded to the DSU Participant which would be deliverable to the DSU Participant if the DSU Participant had Terminated Service in respect of the
            Deferred Share Units credited to the deceased DSU Participant’s account (net of any Applicable Withholding Tax) to or for the benefit of the legal representative of the DSU Participant. The Fair Market Value will be calculated on the date of
            death of the DSU Participant.

         

          

        
          
            

          - 12 -

        

        Applicable Withholding Tax

        

        

        6.5        The Corporation does not assume any responsibility for or in respect
            of the tax consequences of the grant to DSU Participants of Deferred Share Units, or payments received by DSU Participants pursuant to this Plan. The Corporation or relevant Related Entity, as applicable, is authorized to deduct any Applicable
            Withholding Tax, in such manner (including, without limitation, by selling Shares otherwise issuable to DSU Participants, on such terms as the Corporation determines) as it determines so as to ensure that it will be able to comply with the
            applicable provisions of any federal, provincial, state or local law relating to the withholding of tax or other required deductions, or the remittance of tax or other obligations. The Corporation or relevant Related Entity, as applicable, may
            require DSU Participants, as a condition of receiving amounts to be paid to them under this Plan, to deliver undertakings to, or indemnities in favour of, the Corporation or Related Entity, as applicable, respecting the payment by such DSU
            Participant s of applicable income or other taxes.

        

        

        PART 7

        MISCELLANEOUS

        

        

        Compliance with Applicable Laws

        

        

        7.1       The issuance by the Corporation of any Restricted Share Units or
            Deferred Share Units and its obligation to make any payments hereunder is subject to compliance with all applicable laws. As a condition of participating in this Plan, each Participant agrees to comply with all such applicable laws and agrees
            to furnish to the Corporation all information and undertakings as may be required to permit compliance with such applicable laws. The Corporation will have no obligation under this Plan, or otherwise, to grant any Restricted Share Unit and/or
            Deferred Share Unit or make any payment under this Plan in violation of any applicable laws.

        

        

        The Corporation intends that the Awards and payments provided for in this Plan either be exempt from Section 409A of the Code, or be
            provided in a manner that complies with Section 409A of the Code, and any ambiguity herein shall be interpreted so as to be consistent with the intent of this Section 7.1. In no event whatsoever shall the Corporation be liable for any
            additional tax, interest or penalty that may be imposed on the any person by Section 409A of the Code or damages for failing to comply with Section 409A. Notwithstanding anything contained herein to the contrary, all payments under this Plan to
            paid or provided at the time of a termination of employment or service will be paid at a termination of employment or service that constitutes a “separation from service” from the Corporation within the meaning of Section 409A of the Code and
            the regulations and guidance promulgated thereunder (determined after applying the presumptions set forth in Treas. Reg. Section 1.409A-1(h)(1)). Further, if at the time of a Participant’s termination of employment with the Corporation, the
            Participant is a “specified employee” as defined in Section 409A of the Code as determined by the Corporation in accordance with Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable
            hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Corporation will defer the payment hereunder until the date that is at least six
            (6) months following the Participant’s termination of employment with the Corporation (or the earliest date permitted under Section 409A of the Code).

        

        

        Non‐Transferability

        

        

        7.2         Restricted Share Units, Deferred Share Units and all other rights,
            benefits or interests in this Plan are non‐transferable and may not be pledged or assigned or encumbered in any way and are not subject to attachment or garnishment, except that if a Participant dies the legal representatives of the Participant
            will be entitled to receive the amount of any payment otherwise payable to the Participant hereunder in accordance with the provisions hereof.

        

        

        No Right to Service

        

        

        7.3          Neither participation in this Plan nor any action under this Plan
            will be construed to give any Eligible Person or Participant a right to be retained in the service or to continue in the employment of the Corporation or any Related Entity, or affect in any way the right of the Corporation or any Related
            Entity to terminate his or her employment at any time.

         

          

        
          
            

          - 13 -

        

        Applicable Trading Policies

        

        

        7.4         The Board and each Participant will ensure that all actions taken
            and decisions made by the Board or the Participant, as the case may be, pursuant to this Plan comply with any applicable securities laws and policies of the Corporation relating to insider trading or “blackout” periods.

        

        

        Successors and Assigns

        

        

        7.5          This Plan will enure to the benefit of and be binding upon the
            respective legal representatives of the Eligible Person or Participants.

        

        

        Plan Amendment

        

        

        7.6

        

        

        (a)         The Board may at any time, and from time to time,
            and without shareholder approval, amend any provision of the Plan, subject to any regulatory or stock exchange requirement at the time of such amendment, including, without limitation:

        

        

        (i)          amendments to the termination provisions of
            Section 7.8;

        

        

        (ii)         amendments necessary or advisable because of any
            change in application securities or tax laws;

        

        

        (iii)        amendments to Section 1.7 relating to the
            administration of the Plan;

        

        

        (iv)        any other amendment, fundamental or otherwise,
            not requiring shareholder approval under applicable laws or the rules of the TSX, including amendments of a ‘‘housekeeping’’ nature.

        

        

        (b)       Notwithstanding Section 7.6(a), none of the
            following amendments shall be made to this Plan without approval by shareholders or disinterested shareholders (as applicable) by ordinary resolution:

        

        

        (i)          amendments to this Plan which would increase the
            number of securities issuable under this Plan, otherwise than in accordance with the terms of this Plan which permit the Board to make equitable adjustments in the event of transactions affecting the Corporation or its capital;

        

        

        (ii)        amendments to this Plan which would increase the
            number of securities issuable to Insiders, otherwise than in accordance with the terms of this Plan;

        

        

        (iii)        amendments permitting awards other than
            Restricted Share Units or Deferred Share Units to be made under this Plan;

        

        

        (iv)       an amendment that would permit Restricted Share
            Units or Deferred Share Units to be granted to persons other than Eligible Person on a discretionary basis; and

        

        

        (v)         amendments deleting or reducing the range of amendments which require shareholders’ approval under this Section 7.6(b).

        

        

        (c)         No amendment will, without the consent of any
            Eligible Person or unless required by law (or for compliance with applicable corporate, securities or tax law requirements or related industry practice), adversely affect the rights of a Eligible Person or Participant with respect to Restricted
            Share Units or Deferred Share Units to which the Eligible Person or Participant is then entitled under this Plan.

         

          

        
          
            

          - 14 -

        

        Plan Termination

        

        

        7.7         The Board may terminate this Plan at any time, but no termination
            will, without the consent of the Participant or unless required by law, adversely affect the rights of a Participant respect to Restricted Share Units or Deferred Share Units to which the Participant is then entitled under this Plan. In no
            event will a termination of this Plan accelerate the vesting of Restricted Share Units or Deferred Share Units or the time at which a Participant would otherwise be entitled to receive any payment in respect of Restricted Share Units or
            Deferred Share Units hereunder.

        

        

        Governing Law

        

        

        7.8          This Plan and all matters to which reference is made in this Plan will
            be governed by and construed in accordance with the laws of British Columbia and the federal laws of Canada applicable therein.

        

        

        Reorganization of the Corporation

        

        

        7.9          The existence of this Plan or Restricted Share Units or Deferred
            Share Units will not affect in any way the right or power of the Corporation or its shareholders to make or authorize any adjustment, recapitalization, reorganization or other change in the Corporation’s capital structure or its business, or to
            create or issue any bonds, debentures, Shares or other securities of the Corporation or to amend or modify the rights and conditions attaching thereto or to effect the dissolution or liquidation of the Corporation, or any amalgamation,
            combination, merger or consolidation involving the Corporation or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar nature or otherwise.

        

        

        No Shareholder Rights

        

        

        7.10       Restricted Share Units and Deferred Share Units are not considered to
            be Shares or securities of the Corporation, and a Participant who is granted Restricted Share Units or Deferred Share Units will not, as such, be entitled to receive notice of or to attend any shareholders’ meeting of the Corporation, nor
            entitled to exercise voting rights or any other rights attaching to the ownership of Shares or other securities of the Corporation, and will not be considered the owner of Shares by virtue of such issuance of Restricted Share Units or Deferred
            Share Units.

        

        

        No Other Benefit

        

        

        7.11        No amount will be paid to, or in respect of, an Eligible Person
            under this Plan to compensate for a downward fluctuation in the Fair Market Value or price of a Share, nor will any other form of benefit be conferred upon, or in respect of, a Eligible Person for such purpose.

        

        

        Unfunded Plan

        

        

        7.12       For greater certainty, the crediting of any Award to the notional
            accounts set out in this Plan for any Participant does not confer any entitlement, benefits, or any rights of a similar nature or otherwise, aside from the rights expressly set out in this Plan, and this Plan will be an unfunded plan, including
            for tax purposes and for purposes of the Employee Retirement Income Security Act (United States). Any Participant to which Restricted Share Units or
            Deferred Share Units (as the case may be) are credited to his or her account or holding Restricted Share Units or Deferred Share Units (as the case may be) or related accruals under this Plan will have the status of a general unsecured creditor
            of the Corporation with respect to any relevant rights that may arise thereunder.

         

          

        
          
            

        

        SCHEDULE “A”

         

          

        VIEMED HEALTHCARE, INC.

         

          

        RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

         

          

        NOTICE OF RESTRICTED SHARE UNIT GRANTED

        

        

        Viemed Healthcare, Inc. (the “Corporation”) hereby confirms
            the grant to the undersigned RSU Participant of Restricted Share Units (“Units”) described in the table below pursuant to the Corporation’s Restricted
            Share Unit Plan (the “Plan”), a copy of which Plan has been provided to the undersigned RSU Participant.

        

        

        Capitalized terms not specifically defined in this Notice have the respective meanings ascribed to them in the Plan.

        

        

        	
                No. of Units

              	
                Trigger Date

              	
                Expiry Date

              
	 	 	 
	 	 	 
	 	 	 

        

        

        [Include any specific/additional vesting period or Performance Conditions]

        

        

        
          DATED ____________________, 20____.

        

        

        

        	
                VIEMED HEALTHCARE, INC.

              
	 	 	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby accepts such grant, acknowledges being a RSU Participant under the Plan, agrees to be bound by the provisions thereof and agrees
            that the Plan will be effective as an agreement between the Corporation and the undersigned with respect to the Units granted or otherwise issued to it.

        

        

        [If the Units are being issued to a U.S. RSU Participant, include the following additional provisions:

        

        

        The undersigned acknowledges and agrees that:

        

        

        
          
            	1.	
                    The Units and any Shares that may be issued in respect of vested Units pursuant to the Plan have not been and will not be registered under the United States Securities
                        Act of 1933, as amended (the “U.S. Securities Act”), and will constitute “restricted securities” as such term is defined in Rule 144 under the
                        U.S. Securities Act;

                  

          

        

        

        

        
          
            	2.	
                    The certificate(s) representing the Shares will be endorsed with the following or a similar legend until such time as it is no longer required under the applicable
                        requirements of the U.S. Securities Act or applicable state securities laws:

                  

             

            

          

        

        
          
            

          - 2 -

        

        
        “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
            (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION, THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE
            TRANSFERRED ONLY (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY
            RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE
            OF CLAUSE (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER
            HEREOF TO EFFECT “GOOD DELIVERY” OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.”

        

        

        provided, that if the Shares are being sold outside the United States in compliance with the requirements of Rule 904 of Regulation
            S under the U.S. Securities Act (“Regulation S”) and the  Shares were issued at a time when the Corporation is a “foreign issuer” as defined in Regulation
            S, the legend set forth above may be removed by providing an executed declaration to the registrar and transfer agent of the Corporation, in such form as the Corporation may prescribe from time to time and, if requested by the Corporation or
            the transfer agent, an opinion of counsel of recognized standing in form and substance satisfactory to the Corporation and the transfer agent to the effect that such sale is being made in compliance with Rule 904 of Regulation S; and provided,
            further, that, if any Shares are being sold otherwise than in accordance with Regulation S and other than to the Corporation, the legend may be removed by delivery to the registrar and transfer agent and the Corporation of an opinion of
            counsel, of recognized standing reasonably satisfactory to the Corporation, that such legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws; and

        

        

        
          
            	3.	
                    If the undersigned is resident in the State of California on the effective date of the grant of the Units, then, in addition to the terms and conditions contained in
                        the Plan and in this Notice, the undersigned acknowledges that the Corporation, as a reporting issuer under the securities legislation in certain Provinces of Canada, is required to publicly file with the securities regulators in
                        those jurisdictions continuous disclosure documents, including audited annual financial statements and unaudited quarterly financial statements (collectively, the “Financial Statements”). Such filings are available on the System for Electronic Document Analysis and Retrieval (SEDAR), and documents filed on SEDAR may be viewed under the Corporation’s profile at the
                        following website address: www.sedar.com. Copies of Financial Statements will be made available to the undersigned by the Corporation upon the undersigned’s request.]

                  

          

        

        

        

        
          DATED ____________________, 20____.

        

        

        

        	 	 	 
	
                Witness (Signature)

              	 	 
	 	 	 
	
                Name (please print)

              	 	 
	 	 	
                RSU Participant’s Signature

              
	
                Address

              	 	 
	 	 	 
	
                City, State/Province

              	 	
                Name of RSU Participant (print)

              
	 	 	 
	
                Occupation

              	 	 

         

        

        
          
            

          - 3 -

        

        SCHEDULE “B”

        

        

        VIEMED HEALTHCARE, INC.

        

        

        RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

        

        

        DEFERRED SHARE UNIT ELECTED AMOUNT

        

        

        	
                No. of Units

              	
                Elected Amount

              
	 	 
	 	 
	 	 

        

        

        
          DATED ____________________, 20____.

        

        

        

        	
                VIEMED HEALTHCARE, INC.

              
	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby accepts such grant, acknowledges being a DSU Participant under the Plan, agrees to be bound by the provisions thereof and agrees
            that the Plan will be effective as an agreement between the Corporation and the undersigned with respect to the Units granted or otherwise issued to it.

        

        

        DATED ____________________, 20____.

        

        

        	
                Witness (Signature)

              	 	 
	 	 	 
	
                Name (please print)

              	 	 
	 	 	
                DSU Participant’s Signature

              
	
                Address

              	 	 
	 	 	 
	
                City, State/Province

              	 	
                Name of DSU Participant (print)

              
	 	 	 
	
                Occupation

              	 	 

        

        

        
          
            

          - 4 -

        

        SCHEDULE “C”

        

        

        REDEMPTION NOTICE FOR DEFERRED SHARE UNITS

        

        

        VIEMED HEALTHCARE, INC.

         (the “Corporation”)

        

        

        Restricted Share Unit and Deferred Share Unit Plan

        (the “Plan”)

        

        

        	
                Note:  

                

              	All

                  capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan.

        

        

        Viemed Healthcare, Inc. (the “Corporation”) hereby confirms
            the redemption to the undersigned DSU Participant of Deferred Share Units (“Units”) described in the table below pursuant to the Corporation’s Deferred
            Share Unit Plan (the “Plan”), a copy of which Plan has been provided to the undersigned RSU Participant.

        

        

        The Corporation will redeem all the Deferred Share Units credited to the DSU Participant’s account under the Plan on the following redemptions date, or
            dates, which in each case shall be at least 3 Business Days following the date on which this Redemption Notice is received by the DSU Participant but no later than [December 15] of the first calendar year commencing after the year of the Separation Date, net of Applicable Withholding Taxes.

        

        

        	
                Percentage of Units

                (expressed as a percentage totaling

                100%)

              	
                Check if

                Redeemed

                for Cash

              	
                Redemption Date(s)

              
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 

        

        

        
          
            

          - 5 -

        

        DATED ____________________, 20____.

        

        

        	
                VIEMED HEALTHCARE, INC.

              	 
	  	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby confirms that the undersigned is: 

        

        

        
          	 	
                  ☐

                	
                  subject to U.S. income tax in respect of Units issued under the Plan (a “US Director”), or

                

        

        
          
            	

                  	☐	
                    not a US Director

                  

          

        

        

        

        [If the Units are being issued to a U.S. DSU Participant include the following additional provisions:

        

        

        The undersigned acknowledges and agrees that:

        

        

        
          
            	1.	
                    The Units and any Shares that may be issued in respect of vested Units pursuant to the Plan have not been and will not be registered under the United States Securities
                        Act of 1933, as amended (the “U.S. Securities Act”), and will constitute “restricted securities” as such term is defined in Rule 144 under the
                        U.S. Securities Act;

                  

          

        

        

        

        
          
            	2.	
                    The certificate(s) representing the Shares will be endorsed with the following or a similar legend until such time as it is no longer required under the applicable
                        requirements of the U.S. Securities Act or applicable state securities laws:

                  

          

        

        

        

        “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
            (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION, THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE
            TRANSFERRED ONLY (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY
            RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE
            OF CLAUSE (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER
            HEREOF TO EFFECT “GOOD DELIVERY” OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.”

        

        

        provided, that if the Shares are being sold outside the United States in compliance with the requirements of Rule 904 of Regulation
            S under the U.S. Securities Act (“Regulation S”) and the  Shares were acquired at a time when the Corporation is a “foreign issuer” as defined in
            Regulation S, the legend set forth above may be removed by providing an executed declaration to the registrar and transfer agent of the Corporation, in such form as the Corporation may prescribe from time to time and, if requested by the
            Corporation or the transfer agent, an opinion of counsel of recognized standing in form and substance satisfactory to the Corporation and the transfer agent to the effect that such sale is being made in compliance with Rule 904 of Regulation S;
            and provided, further, that, if any Shares are being sold otherwise than in accordance with Regulation S and other than to the Corporation, the legend may be removed by delivery to the registrar and transfer agent and the Corporation of an
            opinion of counsel, of recognized standing reasonably satisfactory to the Corporation, that such legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws; and

         

          

        
          
            

          - 6 -

        

        
          
            	3.	
                    If the undersigned is resident in the State of California on the effective date of the grant of the Units, then, in addition to the terms and conditions contained in
                        the Plan and in this Notice, the undersigned acknowledges that the Corporation, as a reporting issuer under the securities legislation in certain Provinces of Canada, is required to publicly file with the securities regulators in
                        those jurisdictions continuous disclosure documents, including audited annual financial statements and unaudited quarterly financial statements (collectively, the “Financial Statements”). Such filings are available on the System for Electronic Document Analysis and Retrieval (SEDAR), and documents filed on SEDAR may be viewed under the Corporation’s profile at the
                        following website address: www.sedar.com. Copies of Financial Statements will be made available to the undersigned by the Corporation upon the undersigned’s request.]

                  

          

        

        

        

        	 	 	 
	
                Date

              	 	
                (Signature of DSU Participant)

              
	 	 	 
	 	 	
                (Name of DSU Participant in Block Letters)Exhibit 10.8

      

      

      

      
        VIEMED, INC.

        PHANTOM SHARE PLAN

        

        

        
          
            	1.	
                    Purpose of the Plan

                  

          

        

        

        

        The purpose of the Viemed, Inc. Phantom Share Plan (the “Plan”)

            is to further the long-term growth in earnings of Viemed, Inc., a Delaware corporation (the “Company”), by offering long-term incentives to key Employees of the
            Company.  Terms not defined in the text of this Plan shall have the meanings as provided in Appendix A.

        

        

        
          
            	2.	
                    Administration of the Plan

                  

          

        

        

        

        The Plan shall be administered by the Board of Directors (the “Board”)

            of Viemed Healthcare, Inc., a British Columbia corporation (the “Parent”), and the Board shall be the “Plan

                Administrator” as defined herein.  The Plan Administrator may delegate its duties to such officers of the Company or committee of the Board as it deems desirable for the administration of the Plan.

        

        

        The Board shall have exclusive power to select the Employees to be granted Awards, to determine the number of Phantom Shares to be
            granted to each Employee selected, to determine the time or times when Phantom Shares will be granted, to determine that all Participants shall be of a single class or to divide Participants into different classes, to determine the time or
            times, and the conditions, subject to which any Awards may become payable and to determine all other terms and conditions of Awards.  The Board may accelerate or modify an Award except to the extent prohibited by Code Section 409A and as
            provided in Sections 11 and 12 hereof.

        

        

        The Plan Administrator shall have the sole authority to interpret and construe the terms of this Plan and provide any omitted
            terms.  Decisions and determinations by the Board hereunder, and the Board acting as the Plan Administrator, shall be final and binding upon all persons, including members, Participants, other Employees, and their beneficiaries.  The Plan
            Administrator shall have the authority to establish and revise rules and regulations relating to the Plan, and to make any other determinations that it believes necessary or advisable for the administration of the Plan.

        

        

        
          
            	3.	
                    Participation

                  

          

        

        

        

        Participants in the Plan shall be selected by the Board in its sole discretion from key Employees.  An Employee may be granted more
            than one Award of Phantom Shares under this Plan, but a grant in one year does not guarantee a grant in any other year.

        

        

        
          
            	4.	
                    Award of Shares; No Voting Rights

                  

          

        

        

        

        Awards under this Plan shall be granted to a Participant in the form of Phantom Shares, which shall be credited to an Account to be
            maintained for such Participant.  There shall be no separate fund or trust for the Account or any Awards of Phantom Shares under this Plan.  Each Phantom Share shall have a value as described in Section 8 hereof.  An Award of Phantom Shares
            shall not entitle the Participant to hold or exercise any voting rights, rights to dividends or any other rights of a shareholder of the Company or any Affiliate.

        

        

        
          1

          
            

        

        
          
            	5.	
                    Effective Date of Plan

                  

          

        

        

        

        This Plan shall be effective on April 3, 2018. The Board may grant Phantom Shares Awards at any time in its sole discretion.

        

        

        
          
            	6.	
                    Right to Payment for Phantom Shares

                  

          

        

        

        

        A Participant will only have a right to any part of his or her Phantom Shares to the extent that (A) a Participant’s interest in
            such Phantom Shares has vested (in accordance with the applicable Award) and (B) the rights to such Phantom Shares have not otherwise been forfeited by the Participant pursuant to the terms of this Plan or the applicable Award.  Payments with
            respect to Phantom Shares that have become vested as specifically provided in the Award for the Participant will be made in a lump sum within 60 days of the Vesting Event in cash.  Moreover, no Participant shall have any right to receive
            payment for any part of his or her unpaid Phantom Shares (vested and unvested) if Participant’s employment or other service with the Company or an Affiliate is terminated for Cause.  Except as otherwise explicitly provided in the Award, the
            Participant must remain in the employment of the Company or an Affiliate as applicable from the Grant Date of the Award of the Phantom Shares through the applicable Vesting Events provided in the applicable Award.

        

        

        Phantom Shares that have not vested in accordance with the applicable Award as of the date of a Separation from Service shall
            terminate as of the date of such Separation from Service.

        

        

        
          
            	7.	
                    Amount Payable

                  

          

        

        

        

        The total cash amount to be paid in the aggregate to the Participant upon a Vesting Event shall be the value of the vested Phantom
            Shares in the Participant’s Account on the date of the Vesting Event giving rise to the obligation to make payment calculated in accordance with Section 8 and will
            not include any interest or earnings of any kind from the Grant Date as designated in the Award until the actual payment date.

        

        

        
          
            	8.	
                    Value of Phantom Shares

                  

          

        

        

        

        The value of one Phantom Share shall be equal to the Fair Market Value of a Common Share on the date of a Vesting Event as defined
            in the Participant’s Award.

        

        

        The computation of the Fair Market Value of any Phantom Share shall be made by the Board, in its sole discretion.  The Board’s
            computation of the value of Common Shares and the value of a Phantom Share shall be conclusive and binding on all persons (including each Participant).

        

        

        
          
            	9.	
                    Vesting

                  

          

        

        

        

        In the Board’s discretion, the Board may grant Phantom Shares to a Participant (A) that are immediately fully vested, or (B) subject
            to a vesting schedule or a performance event as specified in the Participant’s Award (for example, such vesting schedule may provide that the Phantom Shares granted to a Participant shall vest thirty-three percent (33%) on the first anniversary
            of the grant date of the Participant’s Award, and thirty-three percent (33%) on the second anniversary of the grant date of such Award and shall be fully vested on the third anniversary of the grant date of the Participant’s Award so long as
            the Participant remains continuously employed by the Company or an Affiliate on each such anniversary).

        

        

        
          2

          
            

        

        
          
            	10.	
                    No Guarantee of Employment or Service

                  

          

        

        

        

        The Award of Phantom Shares pursuant hereto shall not confer upon the Participant any right to employment or other service with the
            Company or any Affiliate, nor shall it interfere with any right the Company or any Affiliate would otherwise have to terminate such Participant’s employment or other service at any time, with or without Cause.

        

        

        
          
            	11.	
                    Termination or Amendment of Phantom Shares Award

                  

          

        

        

        

        In addition to termination by forfeiture as a result of failure to complete any requisite Vesting Event prior to the termination of
            the Participant’s employment or other service with the Company and Affiliates or a termination of such employment or other service by the Company and Affiliates for Cause, the Board, in writing in its sole discretion, may terminate or amend an
            Award; provided that if it reduces the economic amount payable to a Participant, the written consent of a Participant holding such Award granted to him or her under the Plan must be provided and no termination or amendment will be in
            consideration for the substitution of any other award or amount payable from the Company or any Affiliate if it would violate Code Section 409A; provided that with respect to any amendment for compliance with Code Section 409A, the
            Participant’s written consent will not be required.  In the event Phantom Shares are forfeited in accordance with the Plan or the Award, all rights of the former holder of such terminated Phantom Shares in respect of such terminated Award shall
            terminate, and such Phantom Shares shall be available for further grant in accordance with the Plan.

        

        

        
          
            	12.	
                    Amendment or Termination of the Plan

                  

          

        

        

        

        The Board shall have complete power and authority to terminate or amend this Plan at any time in writing in its sole discretion and
            make payments and such payments will be in accordance with Treasury Regulation 1.409A-3(j)(4)(ix) to the extent applicable; provided that no amendment will reduce the economic amount payable under an outstanding Award without the Participant’s
            written consent, except a Plan amendment for compliance with Code Section 409A.

        

        

        
          
            	13.	
                    No Guarantee of Tax Consequences

                  

          

        

        

        

        None of the Company, any Affiliate, the Board, the Plan Administrator, or any employee, director, officer, shareholder or agent of
            any of the foregoing, makes any commitment or guarantee that any federal, state or local tax treatment will or will not apply or will be or will not be available to any person participating or eligible to participate hereunder, including,
            without limitation, any excise tax consequences under Code Section 409A.

        

        

        
          
            	14.	
                    Severability

                  

          

        

        

        

        In the event that any provision of this Plan shall be held illegal, invalid or unenforceable for any reason, such provision shall be
            fully severable, but shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if the illegal, invalid, or unenforceable provision was not included herein.

        

        

        
          3

          
            

        

        
          
            	15.	
                    Gender, Tense and Headings

                  

          

        

        

        

        Whenever the context so requires, words of the masculine gender used herein shall include the feminine and neuter, and words used in
            the singular shall include the plural.  Section headings as used herein are inserted solely for convenience and reference and constitute no part of the interpretation of the Plan.

        

        

        
          
            	16.	
                    Governing Law

                  

          

        

        

        

        The Plan shall be interpreted, construed and constructed in accordance with the laws of the State of Delaware except as superseded
            by the applicable laws of the United States, and the venue for any claims shall be in Lafayette, Louisiana.

        

        

        
          
            	17.	
                    Miscellaneous Provisions

                  

          

        

        

        

        A.         A Participant’s rights and interests under the
            Plan may not be assigned, pledged, transferred, or otherwise encumbered, except vested Phantom Shares may be transferred to a Participant’s beneficiary or estate upon the death of a Participant and paid in accordance with the Plan and Award.

        

        

        B.          No Employee or other person shall have any right
            to be granted an Award under this Plan.

        

        

        C.         All amounts and settlements for payment of the
            Phantom Shares hereunder shall be subject to all applicable taxes and tax withholding requirements. The Company shall have the right in its sole discretion to withhold from all amounts and settlements made pursuant to the Plan any taxes
            required by law to be withheld or require the Participant to provide for such amounts separately.

        

        

        D.          By accepting an Award, each Participant shall be
            deemed to have indicated his or her acceptance of the terms of this Plan.

        

        

        E.          Nothing in this Plan shall be interpreted to imply
            that any Participant has any ownership or property rights in the Company, any Phantom Shares or the equity of the Company or Parent or any other Affiliate; use of the terminology “redeem”, “redemption”, “a sale of” and other similar monikers in
            this Plan in respect of a Phantom Share are for ease of illustrating and explaining amounts that may or may not be payable under this Plan in respect of such Phantom Share.  A grant of an Award shall not make Participant a shareholder of the
            Company, Parent or any other Affiliate or provide any shareholder rights to a Participant.

        

        

        
          4

          
            

        

        
          
            	18.	
                    Code Section 409A

                  

          

        

        

        

        This Plan and Awards are intended to be exempt from the deferred compensation requirements of Code Section 409A as short-term
            deferral and shall be so interpreted; provided, however, that to the extent that any amounts payable hereunder are deferred compensation subject to Code Section 409A, a distribution to a Participant on account of a Separation from Service may
            not be made if the Participant is a “specified employee” on the date of his or her Separation from Service before the date which is the later of six months after the date of the Participant’s Separation from Service or the date otherwise
            specified herein, and thereafter any amount not paid pursuant to this provision shall be paid in a single lump sum payment and thereafter all subsequent payments shall be paid as otherwise provided herein.  For purposes of the foregoing,
            “specified employee” shall be defined in the same manner as defined for purposes of Code Section 409A, and the limitations set forth herein shall be applied in such a manner (and only to the extent) as shall be necessary to comply with any
            requirements of Code Section 409A that are applicable as determined by the Board.  This Plan and all Awards and amounts payable hereunder shall be construed and interpreted to comply with Code Section 409A and the terms hereof shall have the
            meaning of the defined terms under Code Section 409A to the extent necessary for such compliance.  Each payment under this Plan shall be deemed a separate payment under Code Section 409A.

        

        

        
          
            	19.	
                    Arbitration

                  

          

        

        

        

        Any dispute or controversy arising under or in connection with this Plan and any Award shall be settled exclusively by arbitration,
            conducted before an arbitrator in Lafayette, Louisiana in accordance with the national rules for the resolution of employment disputes of the American Arbitration Association then in effect. Judgment may be entered on the arbitration award in any court having jurisdiction. Only individuals who are on the AAA register of arbitrators shall be selected as an arbitrator. Within thirty (30) days of the conclusion of the
              arbitration hearing, the arbitrator shall prepare a written decision including findings of fact and conclusions of law. The arbitrator shall have no authority to modify any provision of any Award or the Plan or to award a remedy for a dispute
              involving any Award or the Plan other than a benefit specifically provided under or by virtue of any Award or the Plan.  It is mutually agreed by the parties hereto that the written decision of the arbitrator shall be valid, binding, final
              and non-appealable, provided however, that the parties hereto agree that the arbitrator shall not be empowered to award punitive damages against any party to such arbitration. The arbitrator shall require the non-prevailing party to pay the
              arbitrator’s full fees and expenses or, if in the arbitrator’s opinion there is no prevailing party, the arbitrator’s fees and expenses will be borne equally by the parties thereto. In the event action is brought to enforce the provisions of
              any Award and/or Plan pursuant to this paragraph, the non-prevailing parties shall be required to pay the reasonable attorney’s fees and expenses of the prevailing parties, except that if in the opinion of the court or arbitrator deciding
              such action there is no prevailing party, each party shall pay its own attorney’s fees and expenses.

        

        

        
          
            	20.	
                    Successors

                  

          

        

        

        

        This Plan and Awards shall be binding on any successor to the Company including the assumption of the Plan by a successor of the
            Company or pursuant to applicable law.

        

        

        This Viemed, Inc. Phantom Share Plan is hereby adopted effective April 3, 2018.

        

        

        
          5

          
            

        

        	 	
                VIEMED, INC.

              
	 	 
	 	
                By:

              	 
	 	 	
                [NAME AND TITLE]

              

         

        

        
          6

          
            

        

        
        APPENDIX A

        

        

        “Account” shall mean a bookkeeping account established
            on behalf of a Participant on books kept by the Company and such Account shall be unfunded and shall set forth, as applicable, the Awards of each Participant, and such other information as may be necessary for administration of such Award as
            determined by the Board or Plan Administrator.

        

        

        “Affiliate” shall mean the Parent and any division or
            subsidiary of the Company or any entity that is more than 50% controlled by the Company or the Parent.

        

        

        “Award” shall mean a written award signed by the
            Company and the Participant of Phantom Shares to a Participant under this Plan specifying the number of, and terms associated with, the Phantom Shares awarded to an Employee.

        

        

        “Cause” means Cause as defined in the employment
            agreement between the Participant and the Company or any Affiliate or, if there is no such agreement or definition therein, means (a) the Participant’s conviction of a felony or any crime involving moral turpitude; (b) the Participant willfully
            or negligently failing or refusing to follow the applicable policies and procedures of the Company or any Affiliate or the lawful directives of the Participant’s supervisor; (c) the Participant’s engaging in any act which constitutes (i) felony
            under the laws of the United States or territory thereof, or (ii) gross, willful or wanton negligence or misconduct; or (d) the Participant’s misappropriation of funds or property of the Company or any Affiliate.

        

        

        “Change in Control” means the occurrence of any of the
            following:

        

        

        (a)        one person (or more than one person acting as a
            group) acquires beneficial ownership of the stock of the Parent that, together with the stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Parent; provided,
            that, a Change in Control shall not occur if any person (or more than one person acting as a group) owns more than 50% of the total fair market value or total voting power of the Parent’s stock and acquires additional stock;

        

        

        (b)        one person (or more than one person acting a
            group) acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition) beneficial ownership of the Parent’s stock possessing 50% or more of the total voting power of the stock of the Parent;

        

        

        (c)         a majority of the members of the Board are
            replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the Board before the date of appointment or election; or

        

        

        (d)         one person (or more than one person acting as a
            group), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition) assets from the Parent that have a total gross fair market value equal to or more than 50% of the total gross fair market value of
            all of the assets of the Parent immediately before such acquisition(s).

        

        

        
          A-1

          
            

        

        A Change in Control will be deemed to occur:  (i) with respect to a Change in Control pursuant to subparagraph (a) above, on the
            date that any person or group first becomes the beneficial owner, directly or indirectly, of stock representing more than 50% of the combined voting power of the Parent’s then-outstanding stock entitled generally to vote for the election of
            directors; (ii) with respect to a Change in Control pursuant to subparagraph (b) or (d) above, on the date the applicable transaction closes; and (iii) with respect to subparagraph (c) above, on the date members of the incumbent Board first
            cease to constitute at least a majority of the Board.

        

        

        “Code” shall mean the Internal Revenue Code of 1986, as
            amended, and applicable regulations, guidance, notices and rulings thereunder, as amended from time to time.

        

        

        “Common Shares” shall mean the common shares of Parent.

        

        

        “Disability” means Disability as defined in the
            employment agreement between the Participant and the Company or an Affiliate, or if there is no such agreement or definition therein, means a physical or mental condition of the Participant that, in the judgment of the Board, prevents the
            Participant from being able to perform the essential functions of his or her position with the Company or an Affiliate with reasonable accommodation for a period of more than 90 consecutive days in a 12-month period.  If any dispute arises as
            to whether a Disability has occurred, or whether a Disability has ceased and the Participant is able to resume duties, then at the request of either party such dispute shall be referred to a licensed physician that is reasonably satisfactory to
            both the Board and the Participant.  The Participant shall submit to such examinations and provide such consent and information as such physician may request, and the determination of such physician as to the Participant’s physical or mental
            condition shall be binding and conclusive on the parties.  The Company shall pay the cost of any such physician and examination.

        

        

        “Employee” shall mean any individual (including any
            officer) employed by the Company or an Affiliate.

        

        

        “Fair Market Value” shall mean the closing sales price,
            if any, on the securities exchange on which the Common Shares are traded on the valuation date, or, if none, on the most recent trade date immediately prior to the valuation date provided such trade date is no more than 30 days prior to the
            valuation date.  If the shares are not then listed on any such exchange, or there has been no trade date within such 30 day period, the fair market value shall be determined in good faith by the Board.

        

        

        “Parent” means Viemed Healthcare, Inc., a British
            Columbia corporation.

        

        

        “Participant” shall mean an Employee who has been
            granted an Award by the Board under this Plan.

        

        

        “Phantom Shares” shall mean the phantom shares
            described in an Award to the Participant, subject to the terms and conditions of this Plan and the applicable Award.

         

          

        
          A-2

          
            

        

        “Separation from Service” or termination of employment,
            or termination of service, and like terms shall mean, with respect to any Participant, that such Participant dies or retires, or there is otherwise a termination of employment with and services to the Company and each Affiliate with respect to
            such Participant, in each case within the meaning of, and subject to, Treasury Regulation § 1.409A-1(h).

        

        

        “Vesting Event” shall mean the date or events specified
            in a Participant’s Award on the occurrence of which the Participant’s Award and the Phantom Shares specified therein shall no longer be subject to forfeiture and shall be 100% vested and payable in accordance with Sections 6, 7 and 8 of the Plan.

        

        

        

        

        
          A-3

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