Document:

Compensation Levels for Non-Employee Directors

 Exhibit 10.3 
 OWENS & MINOR, INC. 
 NON-EMPLOYEE DIRECTORS’ COMPENSATION 
 Effective April 28, 2006 
  

									
	 	  	Current	 	 	 Revised Effective
 4/28/06
	 
	 Annual Retainer (Cash)
	  	$	15,000	 	 	$	25,000	 
	 Annual Retainer (Stock)
	  	$	15,000	 	 	$	25,000	 
	 Lead Director
	  	$	10,000	 	 	$	30,000	 
	 Audit Committee Chair
	  	$	5,000	 	 	$	7,000	 
	 Other Committee Chair
	  	$	4,000	 	 	$	5,000	 
	 Board Meeting
	  	$	1,500	 	 	$	1,500	 
	 Audit Committee Meeting
	  	$	1,500	 	 	$	1,500	 
	 Other Committee Meetings
	  	$	1,200	 	 	$	1,200	 
	 Telephone attendance at any meeting
	  	$	800	 	 	$	800	 
	 Audit Committee Telephone Conference Meeting (when called as such)
	  	$	1,200	 	 	$	1,200	 
	 Other Committee Telephone Conference Meeting (when called as such)
	  	$	800	 	 	$	800	 
	 Board Retreat
	  	$	1,800	 	 	$	2,000	 
	 Non-Qualified Stock Options
 10-year, immediately exercisable
	  	 	5,000	 shares	 	 	5,000	 shares

 Directors must attend Board Meetings and Committee meetings to receive compensation. 
 $25,000 annual retainer paid in shares of Company common stock is based on the closing stock price on the day of the annual meeting. These shares are restricted and
subject to forfeiture for a period of one year from the date of grant. 
 Expenses for travel to and from meetings are reimbursable according to company
travel policy. 
 NOTE: Directors may defer all or part of their board fees. Directors may also take compensation, either directly or deferred, in
whole or in part, in company stock.Form of Director Stock Grant Agreement

 Exhibit 10.4 
 OWENS & MINOR, INC. 
 Director Restricted Stock Agreement 
 THIS AGREEMENT, dated the      day of
                    ,             , between OWENS & MINOR, INC., a
Virginia corporation (the “Company”), and                             
(“Participant”), is made pursuant and subject to the provisions of the Company’s 2005 Stock Incentive Plan (the “Plan”). All capitalized terms used herein that are not otherwise defined shall have the same meaning given to
them in the Plan. 
 W I T N E S S E T H: 
 1. Restricted Stock Grant. Pursuant to the provisions of the Plan, on
                             (the “Date of Grant”), the Company granted to Participant,
subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, a Stock Award of
                             shares of Common Stock (the “Restricted Stock”). 
 2. Terms and conditions. The shares of Restricted Stock evidenced hereby are subject to the following terms and conditions: 
 (a) Restricted Period. Until the first anniversary of the Date of Grant (the “Restricted Period”) or the lapse of restrictions as
provided in subsection 2(d) hereof, the Restricted Stock shall be subject to the following restrictions: 
 (i) Participant shall not be
entitled to receive the certificate or certificates evidencing the Restricted Stock; and 
 (ii) Shares of Restricted Stock may not be sold,
transferred, assigned, pledged, conveyed, hypothecated or otherwise disposed of; and 
 (iii) Shares of Restricted Stock may be forfeited as
provided in subsection 2(d) hereof. 
 Notwithstanding the foregoing, Participant shall be entitled to vote the shares of Restricted Stock and receive
dividends thereon while the Restricted Stock is outstanding. Any stock dividends or other shares of Company stock or other property issued in respect of Restricted Stock, including without limitation, shares issued in connection with stock splits
and recapitalizations, will be subject to the same restrictions applicable to the Restricted Stock. 
 (b) Custody of Shares of Restricted
Stock. Certificates representing the shares of Restricted Stock shall be issued in Participant’s name but shall be held by the Company (or its transfer agent) during the Restricted Period. The Company’s Secretary and its General
Counsel shall serve as attorney-in-fact for Participant during the Restricted Period with full power and 

 
authority in Participant’s name to assign and convey to the Company any shares of Restricted Stock that Participant forfeits under subsection 2(d)
hereof. Each certificate representing shares of Restricted Stock may bear a legend referring to the risk of forfeiture of the shares and stating that such shares are nontransferable until all restrictions have been satisfied and the legend has been
removed. 
 (c) Distribution of Restricted Stock. If Participant remains a member of the Board of Directors of the Company during the
entire Restricted Period and otherwise does not forfeit such shares pursuant to subsection 2(d) hereof, all restrictions applicable to the shares of Restricted Stock shall lapse upon expiration of the Restricted Period and a certificate or
certificates representing the shares of Common Stock that were granted to Participant in the form of shares of Restricted Stock shall be delivered to Participant. 
 (d) Lapse of Restrictions. 
  

	 	(i)	Death. If Participant’s membership on the Board of Directors of the Company is terminated before the expiration of the Restricted Period by reason of Participant’s
death, all restrictions applicable to the shares of Restricted Stock shall immediately lapse on the date of Participant’s death and the certificate or certificates representing the shares of Common Stock shall be delivered to Participant’s
estate. 

  

	 	(ii)	Termination of Membership on the Board of Directors of the Company. Except as provided in subsection 2(d)(i) above, if Participant resigns or otherwise ceases to be a member
of the Board of Directors of the Company (whether voluntary or involuntary) before the expiration of the Restricted Period, all restrictions on a pro rata number of shares of Restricted Stock shall lapse and any remaining shares shall be forfeited.
The “pro rata number” shall be the number of shares of Restricted Stock multiplied by a fraction, the numerator of which is the number of months (including a fractional month) of Participant’s service as a member of the Board of
Directors after the Date of Grant and the denominator of which is 12. The certificate or certificates representing the shares of Common Stock upon which the restrictions have lapsed shall be delivered to Participant. 

  

	 	(iii)	Change in Control. 

  

	 	(a)	If, upon a Change in Control, (i) the Restricted Stock is assumed by, or a substitute award granted by, the surviving entity (together with its Related Entities, the “Surviving
Entity”) in the Change in Control (such assumed or substituted award to be of the same type of award as this Restricted Stock with a value as of the Control Change Date substantially equal to the value of this Restricted Stock) and (ii)
Participant is not elected a member of the Surviving Entity’s board of directors as of the Control Change Date (or does not continue to serve as a member of the Surviving Entity’s board of directors for at least 12 consecutive months), all
restrictions applicable to the shares of Restricted Stock shall immediately lapse on the Control Change Date (or the date Participant ceases to serve on the Surviving Entity’s board of directors if less than 12 consecutive months) and the
certificate or certificates representing the shares of Common Stock upon which the restrictions have lapsed shall be delivered to Participant. 

	 	(b)	If, upon a Change in Control, the Restricted Stock is not assumed by, or a substitute award granted by, the Surviving Entity in the Change in Control as provided in subsection
2(d)(iv)(a) above, all restrictions applicable to the shares of Restricted Stock shall immediately lapse on the Control Change Date and the certificate or certificates representing the shares of Common Stock upon which the restrictions have lapsed
shall be delivered to Participant. 

 3. Governing Law. This Agreement shall be governed by the laws of the Commonwealth
of Virginia. 
 4. Change in Capital Structure. The terms of this award shall be adjusted as the Committee determines is equitably
required in the event the Company effects one or more stock dividends, stock split-ups, subdivisions or consolidations of shares or other similar changes in capitalization. 
 5. Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the date hereof and the provisions of this
Agreement, the provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the date hereof. 
 6. Participant Bound by Plan. Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. 
 7. Binding Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the
legatees, distributees and personal representatives of Participant and the successors of the Company. 
 IN WITNESS WHEREOF, OWENS &
MINOR, INC. has caused this Agreement to be signed by a duly authorized officer and Participant has affixed his or her signature hereto. 
  

									
	OWENS & MINOR, INC.	 		 	PARTICIPANT
					
	By:	 	  
	 		 	By:	 	  

		 	[Title]	 		 		 	[Name]Resolutions of the Board of Directors

 Exhibit 10.5 
 OWENS & MINOR, INC. 
 BOARD OF DIRECTORS 
 April 27, 2006 
 AMENDMENTS TO
RETIREMENT PLAN 
 WHEREAS, Owens & Minor, Inc. (the “Employer”) adopted the Owens & Minor, Inc.
Pension Plan (the “Plan”) effective March 31, 1957, and most recently amended and restated effective January 1, 2000; and 
 WHEREAS, Section 10.01 of the Plan permits the Employer acting through its Board of Directors to amend the Plan in whole or in part from time to time; and 
 WHEREAS, the Employer desires to amend the Plan in accordance with IRS Notice 2005-5 and to conform to the final Treasury regulations concerning
minimum required distributions under Code section 401(a)(9) of the Internal Revenue Code of 1986, as amended. 
 RESOLVED, that upon
the recommendation of the Compensation & Benefits Committee, the Board of Directors hereby approves that the Plan be amended as set forth below, effective as of the dates indicated therein. 
 First: Effective March 28, 2005, Plan section 4.04 (“Lump Sum Payments”) (previously Plan section 4.05) is amended by adding the
following sentences immediately after the second sentence in the first paragraph: 
 Notwithstanding the previous sentences, and effective
March 28, 2005, if the Actuarial Equivalent of a Participant’s vested Accrued Benefit at the time of the distribution does not exceed one thousand dollars ($1,000), the benefit will be distributed to the Participant in a single lump sum
payment as soon as administratively practicable after the Participant has terminated or retired. If the Actuarial Equivalent of the Participant’s vested Accrued Benefit exceeds one thousand dollars ($1,000) but does not exceed three thousand
five hundred dollars ($3,500), the Participant may elect, without the consent of any other person, to receive the distribution directly in a lump sum or to defer the distribution until no later than the date the Participant attains age 65, in
accordance with such procedures as the Plan Administrator may elect consistent with applicable law. If such Participant does not elect to receive the distribution, the Participant’s vested Accrued Benefit shall continue to be held in the Plan
until the date 

 
the Participant attains age 65 when it shall be distributed in a lump sum. Consent of the Participant’s Spouse, if otherwise applicable, is required
only if the Participant’s vested Accrued Benefit exceeds three thousand five hundred dollars ($3,500), in accordance with Plan section 4.06 (previously, Plan section 4.07). 
 Second: Effective March 28, 2005, Plan section 4.06 (“Consent Prior to Distribution from the Plan”) (previously, Plan
section 4.07) is amended by adding the following sentence immediately after the first sentence in the first paragraph: 
 Notwithstanding the
previous sentence, and effective March 28, 2005, consent of the Participant (but not the consent of the Participant’s Spouse) is required if the Actuarial Equivalent of a Participant’s vested Accrued Benefit exceeds one thousand
dollars ($1,000) but does not exceed three thousand five hundred dollars ($3,500) at the time of distribution, in accordance with Plan section 4.04 (previously, Plan section 4.05). 
 Third: Effective March 28, 2005, Plan section 5.02 (“Payment of Deferred Vested Benefit”) is amended by adding the following
sentence at the end of the second paragraph: 
 Notwithstanding the previous sentences, and effective March 28, 2005, if the Actuarial
Equivalent of a Participant’s vested Accrued Benefit at the time of the distribution does not exceed one thousand dollars ($1,000), the benefit will be distributed to the Participant in a single lump sum payment as soon as administratively
practicable after the Participant has terminated. 
 Fourth: Effective March 28, 2005, Plan section 6.06 (“Lump Sum Death
Benefit”) is amended by adding the following sentence immediately after the first sentence therein: 
 Effective March 28, 2005, if
the Actuarial Equivalent of the Participant’s vested Accrued Benefit payable to the Spouse does not exceed one thousand dollars ($1,000), the benefit will be distributed to the Spouse in a single lump sum payment as soon as administratively
practicable after the death of the Participant. 
 Fifth: Effective January 1, 2003, Article IX (“Maximum Benefits and
Required Distribution of Benefits”) is amended by adding new section 9.03 at the end thereof: 
 9.03 Required Minimum Distributions
for Calendar Years Commencing on and after January 1, 2003. 
 (a) General Rules. Notwithstanding any provision of the Plan to
the contrary, the Plan will be administered based on a good faith interpretation 

 
of Code section 401(a)(9) for calendar years 2003, 2004, and 2005. The provisions of this Section 9.03 will apply for purposes of determining
required minimum distributions for calendar years beginning with the 2006 calendar year, in accordance with the Treasury Regulations promulgated under Code section 401(a)(9) that were finalized on June 15, 2004, and take precedence over any
inconsistent provisions of the Plan. 
  

	 	(b)	Time and Manner of Distribution. 

 (i) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s Required Beginning Date, as described in Plan section 9.02.

 (ii) Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the
Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: 
 (1) If the
Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, then distributions to the surviving Spouse will begin by the date set forth in Plan section 9.02(d). 
 (2) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, then distributions to the
designated Beneficiary will begin by the date set forth in Plan section 9.02(e). 
 (3) If there is no designated Beneficiary
as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by the date set forth in Plan section 9.02(f). 
 (4) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary and the surviving Spouse dies after
the Participant but before distributions to the surviving Spouse begin, this Section 9.03(b)(ii) other than Section 9.03(b)(ii)(1), will apply as if the surviving Spouse were the Participant. 
 For purposes of this Section 9.03(b)(ii) and Section 9.03(e), distributions are considered to begin on the Participant’s Required Beginning
Date (or, if Section 9.03(b)(4) applies, the date distributions are required to begin to the surviving Spouse under Section 9.03(b)(ii)(1)). If annuity payments irrevocably commence to the Participant before the Participant’s Required
Beginning Date (or to the Participant’s surviving Spouse before the date distributions are required to begin to the surviving Spouse under Section 9.03(b)((ii)(1)), the date distributions are considered to begin is the date distributions
actually commence. 

 (iii) Form of Distribution. Unless the Participant’s interest is distributed
in the form of an annuity purchased from an insurance company or in a single sum on or before the Required Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance with Sections 9.03(c), (d), and (e). If
the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Code section 401(a)(9) and the Treasury regulations.

  

	 	(c)	Determination of Amount to be Distributed Each Year. 

 (i) General Annuity Requirements. If the Participant’s interest is paid in the form of annuity distributions under the Plan, payments under the annuity will satisfy the following requirements: 

(1) the annuity distributions will be paid in periodic payments made at intervals not longer than one year; 
 (2) the distribution period will be over a life (or lives) not longer than the period described in Sections 9.03(d) or 9.03(e);

 (3) payments will either be non-increasing or increase only as follows: 
 (A) by an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on
prices of all items and issued by the Bureau of Labor Statistics; 
 (B) to the extent of the reduction in the amount
of the Participant’s payments to provide for a survivor benefit upon death, but only if the Beneficiary whose life was being used to determine the distribution period described in Part 4 dies or is no longer the Participant’s Beneficiary
pursuant to a qualified domestic relations order within the meaning of Code section 414(p); or 
 (C) to pay increased
benefits that result from a Plan amendment. 
 (ii) Amount Required to be Distributed by Required Beginning Date. The
amount that must be distributed on or before the Participant’s Required Beginning Date (or, if the Participant dies before distributions begin, the date distributions are required to begin under Sections 9.03(b)(ii)(1) or 9.03(b)(ii)(2)) is the
payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the periods for which payments are
received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first Distribution 

 
Calendar Year will be included in the calculation of the amount of the annuity payments for payment intervals ending on or after the Participant’s
Required Beginning Date. 
 (iii) Additional Accruals After First Distribution Calendar Year. Any additional benefits
accruing to the Participant in a calendar year after the first Distribution Calendar Year will be distributed beginning with the first payment interval ending in the calendar year immediately following the calendar year in which such amount accrues.

  

	 	(d)	Requirements For Annuity Distributions That Commence During Participant’s Lifetime. 

 (i) Joint Life Annuities Where the Beneficiary Is Not the Participant’s Spouse. If the Participant’s interest is being
distributed in the form of a joint and survivor annuity for the joint lives of the Participant and a non-Spouse Beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the designated Beneficiary after
the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant using the table set forth in Q&A-2(c)(1) of section 1.401(a)(9)-6 of the
Treasury regulations. 
 (ii) Period Certain Annuities. Unless the Participant’s Spouse is the sole designated
Beneficiary and the form of distribution is a period certain and no life annuity, the period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant
under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations for the calendar year that contains the Annuity Starting Date. If the Annuity Starting Date precedes the year in which the Participant reaches age 70,
the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations plus the excess of 70 over the age of the Participant as of
the Participant’s birthday in the year that contains the Annuity Starting Date. If the Participant’s Spouse is the Participant’s sole designated Beneficiary and the form of distribution is a period certain and no life annuity, the
period certain may not exceed the longer of the Participant’s applicable distribution period, as determined under this Subsection 9.03(d)(ii) or the joint life and last survivor expectancy of the Participant and the Participant’s Spouse as
determined under the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in the calendar
year that contains the Annuity Starting Date. 

	 	(e)	Requirements For Minimum Distributions Where Participant Dies Before Date Distributions Begin. 

 (i) Participant Survived by designated Beneficiary. If the Participant dies before the date distribution of his or her interest
begins and there is a designated Beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described in Sections 9.03(b)(ii)(1) or 9.03(b)(ii)(2), over the life of the designated Beneficiary not
exceeding: 
 (1) unless the Annuity Starting Date is before the first Distribution Calendar Year, the Life Expectancy of the
designated Beneficiary determined using the Beneficiary’s age as of the Beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or 
 (2) if the Annuity Starting Date is before the first Distribution Calendar Year, the Life Expectancy of the designated Beneficiary
determined using the Beneficiary’s age as of the Beneficiary’s birthday in the calendar year that contains the Annuity Starting Date. 
 (ii) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated Beneficiary as of September 30 of the year following the year of the
Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
 (iii) Death of Surviving Spouse Before Distributions to Surviving Spouse Begin. If the Participant dies before the date
distribution of his or her interest begins, the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, and the surviving Spouse dies before distributions to the surviving Spouse begin, this Section 9.03(e)
will apply as if the surviving Spouse were the Participant, except that the time by which distributions must begin will be determined without regard to Section 9.03(b)(ii)(1). 
  

	 	(f)	Definitions. 

 (i) Designated
Beneficiary. The individual who is designated as the Beneficiary under Article I of the Plan and is the designated Beneficiary under Code section 401(a)(9) and section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations. 
 (ii) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before
the Participant’s death, the first Distribution Calendar Year is the calendar year immediately proceeding the calendar year which contains the 

 
Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the
calendar year in which distributions are required to begin pursuant to Section 9.03(b)(ii). 
 (iii) Life
Expectancy. Life expectancy as computed by use of the Single Life Table in section 1.401(a)(9)-9 of the Treasury regulations. 
 (iv) Required Beginning Date. Effective January 1, 1997, Required Beginning Date means the date described in Plan section 9.02. 
 Sixth: Effective January 1, 2006, Plan section 10.01 (“Amendment of the Plan”) is amended to read as follows: 
 10.01 Amendment of the Plan - The Corporation shall have the right, by action of the Board, or an officer of the Corporation duly authorized by the Board, to modify, alter or amend the Plan in whole or in part;
provided, however, that the duties, powers and liability of the Trustee shall not be increased without its written consent; the amount of benefits which at the time of any such modification, alteration or amendment have accrued for any Participant,
Spouse or Beneficiary hereunder shall not be affected adversely thereby; and no such amendment shall have the effect of causing a reversion to the Employer of any part of the principal or income of the fund; and further 
 RESOLVED, that the President, Chief Executive Officer, Chief Financial Officer or Senior Vice President - Human Resources be authorized to adopt
any amendment to the Plan that is required by applicable law or that will not result in a material increased funding obligation; and further 
 RESOLVED, that the appropriate officers be authorized and directed to take such actions and to execute such documents as may be necessary or desirable to implement the foregoing resolutions, all without the necessity of further
action by this Board.

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