Document:

Form of Directors' Stock Option Agreement

 Exhibit 10.5 
 CARDINAL HEALTH, INC. 
 DIRECTORS’ STOCK OPTION AGREEMENT 
 UNDER THE 
 2007 NONEMPLOYEE DIRECTORS
EQUITY INCENTIVE PLAN 
 This agreement is entered into in Franklin County, Ohio. On [date of grant] (the “Grant Date”),
Cardinal Health, Inc., an Ohio corporation (the “Company”), has awarded to [Director name] (“Awardee”), an option (the “Option”) to purchase [# of shares] common shares, without par value, of the Company (the
“Shares”) for a price of $[X.XX] per share. The Option has been granted pursuant to the Cardinal Health, Inc. 2007 Nonemployee Directors Equity Incentive Plan (the “Plan”), and shall include and be subject to all provisions of
the Plan, which are incorporated herein by reference, and shall be subject to the following provisions of this agreement. Capitalized terms used in this agreement which are not specifically defined shall have the meanings ascribed to such terms in
the Plan. [INITIAL GRANT: This Option shall vest and become exercisable on the first anniversary of the Grant Date (the “Vesting Date”), subject to the provisions of this agreement, including those relating to the Awardee’s
continued service on the Company’s Board of Directors (the “Board”).] [ANNUAL GRANT: This Option shall vest and become exercisable on the first anniversary of the Grant Date, except that if the [year] Annual Meeting of
Shareholders is prior to the first anniversary of the Grant Date, then the Option shall vest on the date of the [year] Annual Meeting of Shareholders (in either event, the “Vesting Date”), subject to the provisions of this agreement,
including those relating to the Awardee’s continued service on the Company’s Board of Directors (the “Board”).] Notwithstanding the foregoing, in the event of a Change of Control prior to Awardee’s termination of service on
the Board, the Option shall vest in full. This Option shall expire on [date of expiration] (the “Grant Expiration Date”). 
 1.
Method of Exercise and Payment of Price. 
 (a) Method of Exercise. At any time when all or a portion the Option is exercisable under
the Plan and this agreement, some or all of the exercisable portion of the Option may be exercised from time to time by written notice to the Company or such other method of exercise as may be specified by the Company, including without limitation,
exercise by electronic means on the web site of the Company’s third-party equity plan administrator which shall: 
 (i)
state the number of whole Shares with respect to which the Option is being exercised; and 
 (ii) if the Option is being
exercised by anyone other than the Awardee, if not already provided, be accompanied by proof satisfactory to counsel for the Company of the right of such person or persons to exercise the Option under the Plan and all applicable laws and
regulations. 
 (b) Payment of Exercise Price. The full exercise price for the portion of the Option being exercised shall be paid to
the Company as provided below: 
 (i) in cash; 
 (ii) by check or wire transfer (denominated in U.S. Dollars); 
 (iii) subject to any conditions or limitations established by the Committee, other Shares which (A) in the case of Shares acquired
from the Company (whether upon the exercise of an Option or otherwise), have been owned by the Awardee for more than six months on the date of surrender (unless this condition is waived by the Committee), and (B) have a Fair Market Value on the
date of surrender equal to or greater than the aggregate exercise price of the Shares 

 
as to which said Option shall be exercised (it being agreed that the excess of the Fair Market Value over the aggregate exercise price shall be refunded to
the Awardee, with any fractional Share being repaid in cash); 
 (iv) consideration received by the Company under a
broker-assisted sale and remittance program acceptable to the Committee; or 
 (v) any combination of the foregoing methods of
payment. 
 2. Transferability. The Option shall be transferable (I) at the Awardee’s death, by the Awardee by will or
pursuant to the laws of descent and distribution, and (II) by the Awardee during the Awardee’s lifetime, without payment of consideration, to (a) the spouse, former spouse, parents, stepparents, grandparents, parents-in-law, siblings,
siblings-in-law, children, stepchildren, children-in-law, grandchildren, nieces, or nephews of the Awardee, or any other persons sharing the Awardee’s household (other than tenants or employees) (collectively, “Family Members”),
(b) a trust or trusts for the primary benefit of the Awardee or such Family Members, (c) a foundation in which the Awardee or such Family Members control the management of assets, or (d) a partnership in which the Awardee or such
Family Members are the majority or controlling partners; provided, however, that subsequent transfers of the transferred Option shall be prohibited, except (X) if the transferee is an individual, at the transferee’s death by the transferee
by will or pursuant to the laws of descent and distribution, and (Y) without payment of consideration to the individuals or entities listed in subparagraphs II(a), (b), or (c), above, with respect to the original Awardee. The Committee may, in
its discretion, permit transfers to other persons and entities as permitted by the Plan. Neither a transfer under a domestic relations order in settlement of marital property rights nor a transfer to an entity in which more than fifty percent
(50%) of the voting interests are owned by the Awardee or Family Members in exchange for an interest in that entity shall be considered to be a transfer for consideration. Within ten days of any transfer, the Awardee shall notify the Committee
in writing of the transfer. Following transfer, the Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer and, except as otherwise provided in the Plan or this agreement, references to
the original Awardee shall be deemed to refer to the transferee. The events of Awardee’s termination of service on the Board provided in paragraph 3 hereof shall continue to be applied with respect to the original Awardee, following which the
Option shall be exercisable by the transferee only to the extent, and for the periods, specified in paragraph 3. The conduct prohibited of Awardee in paragraphs 5 and 6 hereof shall continue to be prohibited of Awardee following transfer to the same
extent as immediately prior to transfer and the Option (or its economic value, as applicable) shall be subject to forfeiture by the transferee and recoupment from the Awardee to the same extent as would have been the case of the Awardee had the
Option not been transferred. The Company shall have no obligation to notify any transferee of the Option of the Awardee’s termination of service on the Board for any reason. The Awardee shall remain subject to the recoupment provisions of
paragraphs 5 and 6 of this agreement following transfer of the Option. 
 3. Termination of Service on the Board. 
 (a) Termination of Service by Death. If the Awardee ceases to be a member of the Board by reason of death, any unvested portion of the Option
shall vest upon and become exercisable in full from and after such death. The Option may thereafter be exercised by any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of
Awardee until the Grant Expiration Date. 
 (b) Other Termination of Service. If the Awardee ceases to be a member of the Board for
any reason other than death, any unexercised portion of the Option which has not vested on such date of termination of service on the Board shall automatically terminate on the date of such termination of 

  

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service. Any unexercised portion of the Option which otherwise is exercisable by the Awardee (or any transferee) shall remain exercisable until the Grant
Expiration Date; provided, however, that upon the removal of the Awardee as a Director of the Company for cause, other than upon or after a Change of Control, the Option (whether then held by Awardee or any transferee) shall immediately lapse and be
of no further force or effect. 
 4. Restrictions on Exercise. The Option is subject to all restrictions in this agreement and/or in
the Plan. As a condition of any exercise of the Option, the Company may require the Awardee or his or her transferee or successor to make any representation and warranty to comply with any applicable law or regulation or to confirm any factual
matters (including Awardee’s compliance with the terms of paragraphs 5 and 6 of this agreement) reasonably requested by the Company. The Option shall not be exercisable if such exercise would involve a violation of applicable law. 

5. Triggering Conduct/Competitor Triggering Conduct. As used in this agreement, “Triggering Conduct” shall include
(i) disclosing or using in any capacity other than as necessary in the performance of duties as a Director of the Company any confidential information, trade secrets or other business sensitive information or material concerning the Company or
its subsidiaries (collectively, the “Cardinal Group”); (ii) violation of Company policies, including but not limited to conduct which would constitute a breach of any certificate of compliance or similar attestation/certification
signed by Awardee; (iii) directly or indirectly employing, contacting concerning employment, or participating in any way in the recruitment for employment of (whether as an employee, officer, director, agent, consultant or independent
contractor), any person who was or is an employee, representative, officer, or director of any entity in the Cardinal Group at any time within the twelve (12) months prior to the termination of service on the Board; (iv) any action by
Awardee and/or Awardee’s representatives that either does or could reasonably be expected to undermine, diminish or otherwise damage the relationship between the Cardinal Group and any of its customers, potential customers, vendors and/or
suppliers that were known to Awardee; and (v) breaching any provision of any benefit or severance agreement with a member of the Cardinal Group. As used herein, “Competitor Triggering Conduct” shall include, either during
Awardee’s service as a Director or within one year following Awardee’s termination of service on the Board, accepting employment with or serving as a consultant, advisor, or any other capacity to an entity that is in competition with the
business conducted by any member of the Cardinal Group (a “Competitor”) including, but not limited to, employment or another business relationship with any Competitor if Awardee has been introduced to trade secrets, confidential
information or business sensitive information during Awardee’s service as a Director of the Company and such information would aid the Competitor because the threat of disclosure of such information is so great that, for purposes of this
agreement, it must be assumed that such disclosure would occur. For purposes of this agreement, the nature and extent of Awardee’s activities, if any, disclosed to and reviewed by the Audit Committee or Nominating and Governance Committee of
the Board (each, the “Specified Committee”) prior to the date of Awardee’s termination of service on the Board shall not, unless specified to the contrary by the Specified Committee in a written notice given to Awardee, be deemed to
be Competitor Triggering Conduct. The Committee shall resolve in good faith any disputes concerning whether particular conduct constitutes Triggering Conduct or Competitor Triggering Conduct, and any such determination by the Committee shall be
conclusive and binding on all interested persons. 
 6. Special Forfeiture/Repayment Rules. For so long as Awardee continues as a
Director of the Company and for three years following Awardee’s termination of service on the Board regardless of the reason, Awardee agrees not to engage in Triggering Conduct. If Awardee engages in Triggering Conduct during the time period
set forth in the preceding sentence or in Competitor Triggering Conduct during the time period referenced in the definition of Competitor Triggering Conduct set forth in paragraph 5 above, then: 
  

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 (a) the Option (or any part thereof that has not been exercised) shall immediately and automatically
terminate, be forfeited, and shall cease to be exercisable at any time; and 
 (b) the Awardee shall, within 30 days following written notice
from the Company, pay to the Company an amount equal to the gross option gain realized or obtained by the Awardee or any transferee resulting from the exercise of such Option, measured at the date of exercise (i.e., the difference between the market
value of the Shares underlying the Option on the exercise date and the exercise price paid for such Shares underlying the Option), with respect to any portion of the Option that has already been exercised at any time within three years prior to the
Triggering Conduct (the “Look-Back Period”), less $1.00. If Awardee engages only in Competitor Triggering Conduct, then the Look-Back Period shall be shortened to exclude any period more than one year prior to Awardee’s termination of
service on the Board, but including any period between the time of Awardee’s termination of service on the Board and the time Awardee engaged in Competitor Triggering Conduct. The Awardee may be released from Awardee’s obligations under
this paragraph 6 only if the Committee (or its duly appointed designee) determines, in writing and in its sole discretion, that such action is in the best interests of the Company. Nothing in this paragraph 6 constitutes a so-called
“noncompete” covenant. However, this paragraph 6 does prohibit certain conduct while Awardee is associated with the Cardinal Group and thereafter and does provide for the forfeiture or repayment of the benefits granted by this agreement
under certain circumstances, including but not limited to the Awardee’s acceptance of employment with a Competitor. Awardee agrees to provide the Company with at least ten (10) days written notice prior to directly or indirectly accepting
employment with or serving as a consultant, advisor, or in any other capacity to a Competitor, and further agrees to inform any such new employer, before accepting employment, of the terms of this paragraph 6 and of the Awardee’s continuing
obligations contained herein. No provision of this agreement shall diminish, negate, or otherwise impact any separate noncompete or other agreement to which Awardee may be a party, including but not limited to any certificate of compliance or
similar attestation/certification signed by Awardee; provided, however, that to the extent that any provisions contained in any other agreement are inconsistent in any manner with the restrictions and covenants of Awardee contained in this
agreement, the provisions of this agreement shall take precedence and such other inconsistent provisions shall be null and void. Awardee acknowledges and agrees that the provisions contained in this paragraph 6 are being made for the benefit of the
Company in consideration of Awardee’s receipt of the Option, in consideration of exposing Awardee to the Company’s business operations and confidential information, and for other good and valuable consideration, the adequacy of which
consideration is hereby expressly confirmed. Awardee further acknowledges that the receipt of the Option and execution of this agreement are voluntary actions on the part of Awardee, and that the Company is unwilling to provide the Option to Awardee
without including the restrictions and covenants of Awardee contained in this agreement. Further, the parties agree and acknowledge that the provisions contained in this paragraph 6 are ancillary to or part of an otherwise enforceable agreement at
the time the agreement is made. 
 7. Right of Set-Off. By accepting this Option, the Awardee consents to a deduction from and set-off
against any amounts owed to the Awardee by any member of the Cardinal Group from time to time (including but not limited to amounts owed to the Awardee as Director annual retainer fees, meeting fees or fringe benefits) to the extent of the amounts
owed to the Company by the Awardee under this agreement. 
 8. Holding Period Requirement. As a condition to receipt of the Option,
Awardee hereby agrees to hold his or her After-Tax Net Profit in Shares until the first anniversary of the exercise of all or a portion of the Option (or, if earlier, the date of Awardee’s termination of service on the Board). “After-Tax
Net Profit” means the total dollar value of the Shares that Awardee elects to exercise under this Option at the time of exercise, minus the total of (i) the exercise price to purchase these Shares, and (ii) the amount of all
applicable federal, state, local or foreign income or other taxes that are expected to be 

  

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incurred in connection with the exercise, determined based upon the highest applicable marginal rate for each such tax. 
 9. Governing Law/Venue for Dispute Resoliton/Costs and Legal Fees. This agreement shall be governed by the laws of the State of Ohio, without
regard to principles of conflicts of law, except to the extent superceded by the laws of the United States of America. The parties agree and acknowledge that the laws of the State of Ohio bear a substantial relationship to the parties and/or this
agreement and that the Option and benefits granted herein would not be granted without the governance of this agreement by the laws of the State of Ohio. In addition, all legal actions or proceedings relating to this agreement shall be brought
exclusively in state or federal courts located in Franklin County, Ohio, and the parties executing this agreement hereby consent to the personal jurisdiction of such courts. Awardee acknowledges that the covenants contained in paragraphs 5 and 6
of this agreement are reasonable in nature, are fundamental for the protection of the Company’s legitimate business and proprietary interests, and do not adversely affect the Awardee’s ability to earn a living in any capacity that does not
violate such covenants. The parties further agree that, in the event of any violation by Awardee of any such covenants, the Company will suffer immediate and irreparable injury for which there is no adequate remedy at law. In the event of any
violation or attempted violations of the restrictions and covenants of Awardee contained in this agreement, the Company shall be entitled to specific performance and injunctive relief or other equitable relief, including the issuance ex parte of a
temporary restraining order, without any showing of irreparable harm or damage, such irreparable harm being acknowledged and admitted by Awardee, and Awardee hereby waives any requirement for the securing or posting of any bond in connection with
such remedy, without prejudice to the rights and remedies afforded the Company hereunder or by law. In the event that it becomes necessary for the Company to institute legal proceedings under this agreement, Awardee shall be responsible to the
Company for all costs and reasonable legal fees incurred by the Company with regard to such proceedings. Any provision of this agreement which is determined by a court of competent jurisdiction to be invalid or unenforceable should be construed or
limited in a manner that is valid and enforceable and that comes closest to the business objectives intended by such provision, without invalidating or rendering unenforceable the remaining provisions of this agreement. 
 10. Action by the Committee. The parties agree that the interpretation of this agreement shall rest exclusively and completely
within the sole discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Committee may
delegate its functions under this agreement to an officer of the Company designated by the Committee (hereinafter the “designee”). In fulfilling its responsibilities hereunder, the Committee or its designee may rely upon documents, written
statements of the parties, or such other material as the Committee or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its designee and that any decision of the Committee or
its designee relating to this agreement, including without limitation whether particular conduct constitutes Triggering Conduct or Competitor Triggering Conduct, shall be final and binding unless such decision is arbitrary and capricious.

 11. Electronic Delivery and Consent to Electronic Participation. The Company may, in its sole discretion, decide to deliver any
documents related to the Option grant under and participation in the Plan or future options that may be granted under the Plan by electronic means. Awardee hereby consents to receive such documents by electronic delivery and to participate in the
Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company, including the acceptance of option grants and the execution of option agreements through electronic signature.

  

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 12. Notices. All notices, requests, consents and other communications required or provided under
this agreement to be delivered by Awardee to the Company shall be in writing and shall be deemed sufficient if delivered by hand, facsimile, nationally recognized overnight courier, or certified or registered mail, return receipt requested, postage
prepaid, and shall be effective upon delivery to the Company at the address set forth below: 
 Cardinal Health, Inc. 
 7000 Cardinal Place 
 Dublin, Ohio 43017

 Attention: Chief Legal Officer 
 Facsimile: (614) 757-2797 
 All notices, requests, consents and other communications required or provided under this agreement
to be delivered by the Company to Awardee may be delivered by e-mail or in writing and shall be deemed sufficient if delivered by e-mail, hand, facsimile, nationally recognized overnight courier, or certified or registered mail, return receipt
requested, postage prepaid, and shall be effective upon delivery to the Awardee. 
  

			
	CARDINAL HEALTH, INC.
		
	By:	 	 
	Its:	 	 

  

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 ACCEPTANCE OF AGREEMENT 
 Awardee hereby: (a) acknowledges receiving a copy of the Plan, which has either been previously delivered or is provided with this agreement, and
represents that he or she is familiar with and understands all provisions of the Plan and this agreement; (b) voluntarily and knowingly accepts this agreement and the Option granted to him or her under this agreement subject to all provisions
of the Plan and this agreement, including the provisions in the agreement regarding “Triggering Conduct/Competitor Triggering Conduct” and “Special Forfeiture/Repayment Rules” set forth in paragraphs 5 and 6 above; and
(c) represents that he or she understands that the acceptance of this agreement through an on-line or electronic system, if applicable, carries the same legal significance as if he or she manually signed the agreement. Awardee further
acknowledges receiving a copy of the Company’s most recent annual report to shareholders and other communications routinely distributed to the Company’s shareholders and a copy of the Plan Description dated [date of Plan Description]
pertaining to the Plan. 
  

	
	
	  
	Awardee’s Signature
	
	 
	Date

  

 7Form of Directors' Restricted Share Units Agreement

 Exhibit 10.6 
 CARDINAL HEALTH, INC. 
 DIRECTORS’ RESTRICTED SHARE UNITS AGREEMENT 
 UNDER THE 
 2007 NONEMPLOYEE DIRECTORS
EQUITY INCENTIVE PLAN 
 This Agreement is entered into in Franklin County, Ohio. On [date of grant] (the “Grant Date”),
Cardinal Health, Inc., an Ohio corporation (the “Company”), has awarded to [Director name] (“Awardee”), [# of Shares] Restricted Share Units (the “Restricted Share Units” or “Award”), representing an unfunded
unsecured promise of the Company to deliver common shares, without par value, of the Company (the “Shares”) to Awardee as set forth herein. The Restricted Share Units have been granted pursuant to the Cardinal Health, Inc. 2007 Nonemployee
Directors Equity Incentive Plan (the “Plan”), and shall be subject to all provisions of the Plan, which are incorporated herein by reference, and shall be subject to the following provisions of this Agreement. Capitalized terms used in
this Agreement which are not specifically defined shall have the meanings ascribed to such terms in the Plan. 
 1. Vesting.
[INITIAL GRANT: The Restricted Share Units shall vest on the first anniversary of the Grant Date (the “Vesting Date”), subject to the provisions of this Agreement, including those relating to the Awardee’s continued service on
the Company’s Board of Directors (the “Board”).] [ANNUAL GRANT: The Restricted Share Units shall vest on the first anniversary of the Grant Date, except that if the [year] Annual Meeting of Shareholders is prior to the first
anniversary of the Grant Date, then the Restricted Share Units shall vest on the date of the [year] Annual Meeting of Shareholders (in either event, the “Vesting Date”), subject to the provisions of this Agreement, including those relating
to the Awardee’s continued service on the Company’s Board of Directors (the “Board”).] Notwithstanding the foregoing, in the event of a Change of Control prior to Awardee’s termination of service on the Board, the Restricted
Share Units shall vest in full. 
 2. Transferability. The Restricted Share Units shallnot be transferable. 
 3. Termination of Service on the Board. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for
any reason other than Awardee’s death, all of the then unvested Restricted Share Units shall be forfeited by Awardee. If the Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units by reason of
Awardee’s death, then such Restricted Share Units shall vest in full and not be forfeited. 
 4. Triggering Conduct/Competitor
Triggering Conduct. As used in this Agreement, “Triggering Conduct” shall include (i) disclosing or using in any capacity other than as necessary in the performance of duties as a Director of the Company any confidential
information, trade secrets or other business sensitive information or material concerning the Company or its subsidiaries (collectively, the “Cardinal Group”); (ii) violation of Company policies, including but not limited to conduct
which would constitute a breach of any certificate of compliance or similar attestation/certification signed by Awardee; (iii) directly or indirectly employing, contacting concerning employment, or participating in any way in the recruitment
for employment of (whether as an employee, officer, director, agent, consultant or independent contractor), any person who was or is an employee, representative, officer, or director of any entity in the Cardinal Group at any time within the twelve
(12) months prior to the termination of service on the Board; (iv) any action by Awardee and/or Awardee’s representatives that either does or could reasonably be expected to undermine, diminish or otherwise damage the relationship
between the Cardinal Group and any of its customers, potential customers, vendors and/or suppliers that were known to Awardee; and (v) breaching any provision of any benefit or severance agreement with a member of the Cardinal Group. As used in
this Agreement, “Competitor Triggering Conduct” shall include, either during Awardee’s service as a Director or within one year following Awardee’s termination of service on the Board, accepting employment with or serving as a
consultant, advisor, or any other capacity to an entity 

 
that is in competition with the business conducted by any member of the Cardinal Group (a “Competitor”) including, but not limited to, employment
or another business relationship with any Competitor if Awardee has been introduced to trade secrets, confidential information or business sensitive information during Awardee’s service as a Director of the Company and such information would
aid the Competitor because the threat of disclosure of such information is so great that, for purposes of this Agreement, it must be assumed that such disclosure would occur. For purposes of this Agreement, the nature and extent of Awardee’s
activities, if any, disclosed to and reviewed by the Audit Committee or Nominating and Governance Committee of the Board (each, a “Specified Committee”) prior to the date of Awardee’s termination of service on the Board shall not,
unless specified to the contrary by the Specified Committee in a written notice given to Awardee, be deemed to be Competitor Triggering Conduct. The Committee shall resolve in good faith any disputes concerning whether particular conduct constitutes
Triggering Conduct or Competitor Triggering Conduct, and any such determination by the Committee shall be conclusive and binding on all interested persons. 
 5. Special Forfeiture/Repayment Rules. For so long as Awardee continues as a Director of the Company and for three years following Awardee’s termination of service on the Board regardless of reason,
Awardee agrees not to engage in Triggering Conduct. If Awardee engages in Triggering Conduct during the time period set forth in the preceding sentence or in Competitor Triggering Conduct during the time period referenced in the definition of
Competitor Triggering Conduct set forth in Paragraph 5 above, then: 
 (a) any Restricted Share Units that have not yet vested or that vested
within the Look-Back Period (as defined below) with respect to such Triggering Conduct or Competitor Triggering Conduct and have not yet been settled by a payment pursuant to Paragraph 6 hereof shall immediately and automatically terminate, be
forfeited, and cease to exist; and 
 (b) the Awardee shall, within 30 days following written notice from the Company, pay to the Company an
amount equal to the aggregate gross gain realized or obtained by the Awardee resulting from the settlement of all Restricted Share Units (measured as of the settlement date (i.e., the market value of the Restricted Share Units on such settlement
date)) that have already been settled and that had vested at any time within three years prior to the Triggering Conduct (the “Look-Back Period”), less $1.00. If Awardee engages only in Competitor Triggering Conduct, then the Look-Back
Period shall be shortened to exclude any period more than one year prior to Awardee’s termination of service on the Board, but including any period between the time of Awardee’s termination of service on the Board and the time Awardee
engaged in Competitor Triggering Conduct. 
 Awardee may be released from Awardee’s obligations under this Paragraph 5 only if the
Committee (or its duly appointed designee) determines, in writing and in its sole discretion, that such action is in the best interests of the Company. Nothing in this Paragraph 5 constitutes a so-called “noncompete” covenant. However,
this Paragraph 5 does prohibit certain conduct while Awardee is associated with the Cardinal Group and thereafter and does provide for the forfeiture or repayment of the benefits granted by this Agreement under certain circumstances, including
but not limited to the Awardee’s acceptance of employment with a Competitor. Awardee agrees to provide the Company with at least ten (10) days written notice prior to directly or indirectly accepting employment with or serving as a
consultant, advisor, or in any other capacity to a Competitor, and further agrees to inform any such new employer, before accepting employment, of the terms of this Paragraph 5 and of the Awardee’s continuing obligations contained herein. No
provision of this Agreement shall diminish, negate, or otherwise impact any separate noncompete or other agreement to which Awardee may be a party, including but not limited to any certificate of compliance or similar attestation/ certification
signed by Awardee; provided, however, that to the extent that any provisions contained in any other agreement are inconsistent in any manner with the restrictions and covenants of Awardee contained in this Agreement, the provisions of this Agreement
shall take precedence and such other inconsistent provisions shall be null and void. Awardee 

  

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acknowledges and agrees that the provisions contained in this Paragraph 5 are being made for the benefit of the Company in consideration of Awardee’s
receipt of the Restricted Share Units, in consideration of exposing Awardee to the Company’s business operations and confidential information, and for other good and valuable consideration, the adequacy of which consideration is hereby
expressly confirmed. Awardee further acknowledges that the receipt of the Restricted Share Units and execution of this Agreement are voluntary actions on the part of Awardee, and that the Company is unwilling to provide the Restricted Share Units to
Awardee without including the restrictions and covenants of Awardee contained in this Agreement. Further, the parties agree and acknowledge that the provisions contained in this Paragraph 5 are ancillary to or part of an otherwise enforceable
agreement at the time the agreement is made. 
 6. Payment. Subject to the provisions of Paragraphs 4 and 5 of this Agreement, and
unless Awardee makes an effective election to defer receipt of the Shares represented by the Restricted Share Units, Awardee shall be entitled to receive from the Company (without any payment on behalf of Awardee) the Shares represented by the
Restricted Share Units on the Vesting Date; provided, however, that, subject to the next sentence, in the event that the Restricted Share Units vest prior to the Vesting Date as a result of the death of Awardee or as a result of a Change of Control,
Awardee shall be entitled to receive the corresponding Shares from the Company on the date of such vesting. Notwithstanding the proviso of the preceding sentence, if the Restricted Share Units vest as a result of the occurrence of a Change of
Control under circumstances where such occurrence would not qualify as a permissible date of distribution under Section 409A(a)(2)(A) of the Code, and the regulations thereunder, such proviso shall not apply and Awardee shall be entitled to
receive the corresponding Shares from the Company on the date that would have applied absent such proviso. Elections to defer receipt of the Shares beyond the date of settlement provided herein may be permitted in the discretion of the Committee
pursuant to procedures established by the Company in compliance with the requirements of Section 409A of the Code. 
 7. Dividend
Equivalents. Awardee shall not receive cash dividends on the Restricted Share Units but instead shall, with respect to each Restricted Share Unit, receive a cash payment from the Company on each cash dividend payment date with respect to the
Shares with a record date between the Grant Date and the settlement of such unit pursuant to Paragraph 6 hereof, such cash payment to be in an amount equal to the dividend that would have been paid on the Share represented by such unit. Cash
payments on each cash dividend payment date with respect to the Shares with a record date prior to the Vesting Date shall be accrued until the Vesting Date and paid thereon (subject to the same vesting requirements as the underlying Restricted Share
Units award). Elections to defer receipt of the cash payments in lieu of cash dividends beyond the date of settlement provided herein may be permitted in the discretion of the Committee pursuant to procedures established by the Company in compliance
with the requirements of Section 409A of the Code. 
 8. Holding Period Requirement. As a condition to receipt of the Restricted
Share Units, Awardee hereby agrees to hold, until the first anniversary of the Vesting Date (or, if earlier, the date Awardee ceases to be a member of the Board), the After-Tax Net Profit in Shares issued pursuant to settlement of such units.
“After-Tax Net Profit” means the total dollar value of the Shares that Awardee receives at settlement, minus the amount of all applicable federal, state, local or foreign income or other taxes that are expected to be incurred in connection
with the vesting of the Award, determined based upon the highest applicable marginal rate for each such tax. 
 9. Right of Set-Off.
By accepting these Restricted Share Units, Awardee consents to a deduction from, and set-off against, any amounts owed to Awardee by any member of the Cardinal Group from time to time (including, but not limited to, amounts owed to Awardee as
Director annual retainer fees, meeting fees or other fringe benefits) to the extent of the amounts owed to the Company by Awardee under this Agreement. 
  

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 10. No Shareholder Rights. Awardee shall have no rights of a shareholder with respect to the
Restricted Share Units, including, without limitation, Awardee shall not have the right to vote the Shares represented by the Restricted Share Units. 
 11. Governing Law/Venue for Dispute Resolution/Costs and Legal Fees. This Agreement shall be governed by the laws of the State of Ohio, without regard to principles of conflicts of law, except to the extent
superseded by the laws of the United States of America. The parties agree and acknowledge that the laws of the State of Ohio bear a substantial relationship to the parties and/or this Agreement and that the Restricted Share Units and benefits
granted herein would not be granted without the governance of the Agreement by the laws of the State of Ohio. In addition, all legal actions or proceedings relating to this Agreement shall be brought exclusively in state or federal courts located in
Franklin County, Ohio, and the parties executing this Agreement hereby consent to the personal jurisdiction of such courts. Awardee acknowledges that the covenants contained in Paragraphs 4 and 5 of this Agreement are reasonable in nature, are
fundamental for the protection of the Company’s legitimate business and proprietary interests, and do not adversely affect the Awardee’s ability to earn a living in any capacity that does not violate such covenants. The parties further
agree that, in the event of any violation by Awardee of any such covenants, the Company will suffer immediate and irreparable injury for which there is no adequate remedy at law. In the event of any violation or attempted violations of the
restrictions and covenants of Awardee contained in this Agreement, the Company shall be entitled to specific performance and injunctive relief or other equitable relief, including the issuance ex parte of a temporary restraining order, without any
showing of irreparable harm or damage, such irreparable harm being acknowledged and admitted by Awardee, and Awardee hereby waives any requirement for the securing or posting of any bond in connection with such remedy, without prejudice to the
rights and remedies afforded the Company hereunder or by law. In the event that it becomes necessary for the Company to institute legal proceedings under this Agreement, Awardee shall be responsible to the Company for all costs and reasonable legal
fees incurred by the Company with regard to such proceedings. Any provision of this Agreement which is determined by a court of competent jurisdiction to be invalid or unenforceable should be construed or limited in a manner that is valid and
enforceable and that comes closest to the business objectives intended by such provision, without invalidating or rendering unenforceable the remaining provisions of this Agreement. 
 12. Action by the Committee. The parties agree that the interpretation of this Agreement shall rest exclusively and completely within the
sole discretion of the Committee. The parties agree to be bound by the decisions of the Committee with regard to the interpretation of this Agreement and with regard to any and all matters set forth in this Agreement. The Committee may delegate its
functions under this Agreement to an officer of the Company designated by the Committee (hereinafter the “Designee”). In fulfilling its responsibilities hereunder, the Committee or its Designee may rely upon documents, written statements
of the parties, or such other material as the Committee or its Designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Committee or its Designee and that any decision of the Committee or its Designee
relating to this Agreement, including without limitation whether particular conduct constitutes Triggering Conduct or Competitor Triggering Conduct, shall be final and binding unless such decision is arbitrary and capricious. 
 13. Electronic Delivery and Consent to Electronic Participation. The Company may, in its sole discretion, decide to deliver any documents related
to the Restricted Share Unit grant under and participation in the Plan or future Restricted Share Units that may be granted under the Plan by electronic means or to request Awardee’s consent to participate in the Plan by electronic means.
Awardee hereby consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company, including the
acceptance of restricted share unit grants and the execution of restricted share unit agreements through electronic signature. 
  

 4 

 14. Notices. All notices, requests, consents and other communications required or provided under
this Agreement to be delivered by Awardee to the Company shall be in writing and shall be deemed sufficient if delivered by hand, facsimile, nationally recognized overnight courier, or certified or registered mail, return receipt requested, postage
prepaid, and shall be effective upon delivery to the Company at the address set forth below: 
 Cardinal Health, Inc. 
 7000 Cardinal Place 
 Dublin, Ohio 43017

 Attention: Chief Legal Officer 
 Facsimile: (614) 757-2797 
 All notices, requests, consents and other communications required or provided under this Agreement
to be delivered by the Company to Awardee may be delivered by e-mail or in writing and shall be deemed sufficient if delivered by e-mail, hand, facsimile, nationally recognized overnight courier, or certified or registered mail, return receipt
requested, postage prepaid, and shall be effective upon delivery to the Awardee. 
  

			
	CARDINAL HEALTH, INC.
		
	By:	 	 
		
	Its:	 	 

  

 5 

 ACCEPTANCE OF AGREEMENT 
 Awardee hereby: (a) acknowledges that he or she has received a copy of the Plan, a copy of the Company’s most recent annual report to shareholders and other communications routinely distributed to the
Company’s shareholders, and a copy of the Plan Description dated [date of Plan Description] pertaining to the Plan; (b) accepts this Agreement and the Restricted Share Units granted to him or her under this Agreement subject to all
provisions of the Plan and this Agreement, including the provisions in the Agreement regarding “Triggering Conduct/Competitor Triggering Conduct” and “Special Forfeiture/Repayment Rules” set forth in Paragraphs 4 and 5 above;
(c) represents that he or she understands that the acceptance of this Agreement through an on-line or electronic system, if applicable, carries the same legal significance as if he or she manually signed the Agreement; (d) represents and
warrants to the Company that he or she is purchasing the Restricted Share Units for his or her own account, for investment, and not with a view to or any present intention of selling or distributing the Restricted Share Units either now or at any
specific or determinable future time or period or upon the occurrence or nonoccurrence of any predetermined or reasonably foreseeable event; and (e) agrees that no transfer of the Shares delivered in respect of the Restricted Share Units shall
be made unless the Shares have been duly registered under all applicable Federal and state securities laws pursuant to a then-effective registration which contemplates the proposed transfer or unless the Company has received a written opinion of, or
satisfactory to, its legal counsel that the proposed transfer is exempt from such registration. 
  

	
	
	  
	Awardee’s Signature
	
	  
	Date

  

 6

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