Document:

EX-10.6

 Exhibit 10.6 

OAK STREET HEALTH LLC 

AMENDED AND RESTATED EQUITY INCENTIVE PLAN 

I. Purpose. The purpose of this Amended and Restated Incentive Plan is to promote the interests of Oak Street Health, LLC, an Illinois
limited liability company (the “Company) and its Affiliates by (i) attracting and retaining officers, directors, employees, consultants, and independent contractors of the Company and its Subsidiaries and (ii) enabling such persons to
acquire an equity interest in and participate in the long-term growth and financial success of the Company. This Incentive Plan is not intended to preclude other management incentive awards and programs. 

II. Definitions. As used in this Incentive Plan, the following terms shall have the meanings set forth below. Capitalized terms used
and not defined herein shall have the meaning set forth in the LLC Agreement. 
 “Board” shall mean the board of directors
of the Company. 
 “Cause” shall mean, the definition of “cause” set forth in the Participant’s Employment
Agreement; provided that if no such Employment Agreement which defines Cause is in effect at the time of determination, Cause shall mean the following: (i) the conviction of, or plea of nolo contendere by, the Participant to a felony or
other crime involving dishonesty or moral turpitude, (ii) fraud, embezzlement, theft or any misappropriation of funds, money, assets or other property of the Company or any of its Affiliates, (iii) willful failure to perform duties, or
gross negligence in the performance of the Participant’s duties and responsibilities to the Company and its Affiliates, or willful failure to follow the lawful directives of the Board or such other person or body to whom the Participant
reports, which remains uncured ten (10) business days after written notice of such failure or negligence specifying in reasonable detail the nature of such failure or negligence is given to the Participant by the Company or its Affiliates,
(iv) the Participant’s willful misconduct, (v) the Participant’s material breach of Participant’s Employment Agreement (if applicable), the LLC Agreement or any other written agreement between the Participant and the Company
or its Affiliates, (vi) the attempt to willfully obtain any personal profit from any transaction in which the Participant has an interest not disclosed to the Board which is adverse to the interests of the Company or any of its Subsidiaries or
controlled Affiliates, or (vii) the Participant acts in a manner inimical to the best interests of the Company or any of its Subsidiaries or controlled Affiliates. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

“Company” shall mean Oak Street Health LLC, an Illinois limited liability company. 

“Effective Date” shall have the meaning set forth in Article IX.R hereof. 

“employment” and “termination of employment” and similar references shall mean, respectively, service with
and termination of service from the Company and its Affiliates. 

 “Employment Agreement” shall mean, with respect to a Participant, the
written employment or other service agreement then in effect between the Participant and the Company or one of its Affiliates, if any. 

“Fair Market Value” of any Incentive Units (or any other security), as of any date, shall mean the amount the holder would be
entitled to receive if the assets of the Company were sold for fair market value following which the Company were to pay all outstanding liabilities and distribute the remaining proceeds to the Members in accordance with the terms of the LLC
Agreement, as determined in good faith by the Board taking into account the classification and relative rights and privileges of such interests and other factors it deems appropriate. Such determination shall be binding and conclusive on the
Company, the Participants and all other Persons interested in the Incentive Plan. 
 “Hurdle Value” shall mean, with
respect to each Incentive Unit, the value specified as such in the applicable Incentive Unit Agreement, which value shall be equal to or greater than the Fair Market Value of the Company on the date of grant. 

“Incentive Unit Agreement” shall mean any written agreement, contract, or other instrument or document in a form approved by
the Board, which evidences any Incentive Units awarded hereunder or otherwise subject to the terms of the Incentive Plan, which may, but need not, be executed or acknowledged by a Participant. 

“Incentive Plan” shall mean this Amended and Restated Oak Street Health LLC Equity Incentive Plan. 

“Invested Equity” shall mean, as of any date of determination with respect to a Sponsor, (i) in the case of GA,
$89,612,297.61 and (ii) in the case of OSH, $43,282,470.50 plus (ii) the aggregate equity and any other capital contributions made by such Sponsor to the Company or its Subsidiaries through such date made at any time after the Effective
Date pursuant to Section 12.5.1 of the LLC Agreement; provided, that the value of any property contributed shall be determined based on the Fair Market Value as of the date of contribution. 

“LLC Agreement” shall mean the Fourth Amended and Restated Limited Liability Company Operating Agreement of Oak Street Health
LLC, dated as of March __, 2018, as amended, supplemented or modified from time to time in accordance with its terms. 

“Participant” shall mean any Person who is eligible for, and selected by the Board in its sole discretion to receive, an
award of Incentive Units under the Incentive Plan. 
 “Prior Effective Date” shall mean December 18, 2015. 

“Sale” shall mean a Sale of the Company as defined in the LLC Agreement. 

“Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, as amended from time
to time. 

  
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 “Sponsors’ Exit” means (i) the date on which each Sponsor sells
down to one or more third parties (including by way of merger or other business combination) their direct or indirect equity investment in the Company or any successor thereto, to less than 20% of the Units (or, if applicable, the amount of
securities of any such successor for which such Units are exchanged in a transaction or series of related transactions involving the Company or any of its Affiliates equal to 20% of the Units) owned by such Sponsor as of the Prior Effective Date (as
adjusted for units splits, units dividends, reclassifications, recapitalizations, similar events or otherwise) or (ii) a sale, transfer or other disposition of all or substantially all of the assets of the Company and its Subsidiaries to one or
more third parties; provided that, in the case of each of clauses (i) and (ii), no Sponsors’ Exit shall have been deemed to have occurred until all of the non-cash proceeds received by each of the
Sponsors in any such transaction have been reduced to cash. For the avoidance of doubt, a merger, amalgamation, consolidation, business combination, plan of arrangement, initial public offering of equity interests of the Company or any of its
Affiliates or Subsidiaries or other transaction involving the Company or any of its Affiliates or Subsidiaries shall not in and of itself constitute a Sponsors’ Exit if it is not accompanied by the sell-down of equity contemplated by clause
(i) of the immediately preceding sentence and subject to the proviso thereto. 
 III. Administration. 

A. Generally. The Incentive Plan shall be administered by the Board. Subject to the terms of the Incentive Plan and applicable law, and
in addition to other express powers and authorizations conferred on the Board by the Incentive Plan, the Board shall have full power and authority to: 

1. designate Participants; 
 2.
determine the number and type of Units, including the applicable Hurdle Value, to be covered by, or with respect to which payments, rights or other matters are to be calculated in connection with, any award under the Incentive Plan; 

3. determine the terms and conditions of any award under the Incentive Plan; 

4. determine and/or increase the vested portion of any award under the Incentive Plan; 

5. determine whether, to what extent, and under what circumstances awards under the Incentive Plan may be settled in cash, Units, other
securities or other property, or canceled, forfeited or suspended and the method or methods by which the awards under the Incentive Plan may be settled, canceled, forfeited or suspended; 

6. make appropriate adjustments in order to minimize the accounting impact of the Incentive Units and/or any other awards under the Incentive
Plan; 
 7. interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in the Incentive Plan and any
Incentive Unit Agreement or other instrument or agreement relating to, or any award made under, the Incentive Plan; 

  
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 8. establish, amend, suspend or waive such rules and regulations and appoint such agents as
it shall deem appropriate for the proper administration of the Incentive Plan; and 
 9. make any other determination and take any other
action that the Board, in its sole discretion, deems necessary or desirable for the administration of the Incentive Plan. 
 B. Conclusive
and Binding. Unless otherwise expressly provided in the Incentive Plan or the LLC Agreement, all designations, determinations, interpretations and other decisions under or with respect to the Incentive Plan or any award made under the Incentive
Plan shall be within the sole discretion of the Board, may be made at any time and shall be final, conclusive and binding upon all Persons, including the Company and its participating Affiliates, any Participant, any holder of Units, and any holder
or beneficiary of any award made under the Incentive Plan. Such designations, determinations, interpretations and decisions by the Board need not be the same with respect to each Participant (whether or not such Participants are similarly situated).

 C. Limitations on Liability. No member of the Board shall be liable for any action taken or omitted to be taken, or determination
made in good faith, with respect to the Incentive Plan or any award made under the Incentive Plan. 
 D. Delegation. Subject to the
terms of the Incentive Plan, the provisions of any Incentive Unit Agreement and applicable Law, the Board may delegate all or any part of its responsibilities and powers hereunder to, a committee of the Board and/or one or more officers of the
Company or any Affiliate, subject to such terms and limitations as the Board shall determine. Any such delegation may be revoked by the Board at any time. Notwithstanding the foregoing, the Board shall consult with the Chief Executive Officer of the
Company and reasonably agree on the allocation of any Incentive Units issued hereunder in advance of any issuance. 
 IV. Number of
Incentive Units; Adjustments 
 A. Incentive Units. Subject to adjustment as set forth in Article IV.B below, the aggregate number
of Incentive Units available for awards under the Incentive Plan shall be determined by the Board from time to time. As of the Effective Date, the aggregate number of Incentive Units available for awards under the Incentive Plan is 2,053,143.75,
constituting: (i) 1,240,325.05 Incentive Units available for grant (or previously granted under this Plan or the Company’s 2013 Equity Incentive Plan) immediately as of the Effective Date (the “Closing Pool”) and (ii)
812,818.70 Incentive Units becoming available for grant at such times and to the extent provided for in Section 12.5.6 of the LLC Agreement (the “New Pool”). All of the Incentive Units from the Closing Pool shall be issued with
an initial aggregate Hurdle Value equal to the Fair Market Value of the Company on the date of grant, subject to adjustments in accordance with Section IV.B. 464,467.83 Incentive Units from the New Pool shall be issued with an aggregate Hurdle Value
equal to an amount such that each Sponsor would upon a distribution (taking into account any prior distributions), receive cash proceeds in respect of the Units representing its Invested Equity pursuant to and in accordance with Article IV of the

  
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LLC Agreement, equal to 2X in respect of such Sponsor’s Invested Equity (“2X Units”). The remaining 348,350.87 Incentive Units from the New Pool shall be issued with an
aggregate Hurdle Value equal to an amount such that each Sponsor would upon a distribution (taking into account any prior distributions), receive cash proceeds in respect of the Units representing its Invested Equity pursuant to and in accordance
with Article IV of the LLC Agreement, equal to 4X in respect of such Sponsor’s Invested Equity (“4X Units”). The Hurdle Value of the 2X Units and 4X Units shall be subject to adjustments in accordance with Section IV.B;
provided that, in no event shall the Hurdle Value of any Incentive Unit be lower than the Fair Market Value of the Company as of the date of grant of such Incentive Unit. For the avoidance of doubt, the 2X Units and 4X Units shall become available
for issuance on a proportional basis such that an equal percentage of the 2X Units and 4X Units shall be awarded simultaneously. Notwithstanding anything to the contrary herein or otherwise, as of any date of determination, in no event shall the
Hurdle Value be deemed to have been met with respect to the 2X Units and the 4X Units, unless and until each Sponsor realizes cash proceeds in respect of the Units representing their respective Invested Equity equal to at least two (2) times
and four (4) times its Invested Equity, respectively. If, after the Effective Date, any Incentive Unit is forfeited, or if any Incentive Unit has expired, terminated or been cancelled or repurchased for any reason whatsoever, and in either such
case no Participant has received any benefits of ownership with respect to such forfeited, expired, terminated, cancelled or repurchased Incentive Unit, then such Incentive Unit shall again be available to be awarded hereunder by the Board, in its
sole discretion. 
 B. Adjustments. 

1. In the event the Board determines that any sale or other extraordinary distribution (whether in the form of cash, Units, securities or
other property), recapitalization, reclassification, reorganization or “reorganization event” (in accordance with Section 3.7 of the LLC Agreement), change to organizational form, merger, consolidation, split- up, spin-off, combination, repurchase, liquidation or “deemed liquidation” (in accordance with Section 3.8 of the LLC Agreement), dissolution, transfer, exchange, or other unusual event or transaction
(including changes to capital structure and acquisitions and dispositions of businesses of the Company) affects the Incentive Units such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Incentive Plan, then the Board shall make adjustments to the Incentive Plan and Incentive Units in such manner as the Board determines appropriate and equitable, including adjusting the number of
Incentive Units and/or the terms of any outstanding awards made under the Incentive Plan taking into account the Hurdle Value. For the avoidance of doubt, the Company shall adjust the Hurdle Value to take into account the issuance of additional
Units or additional capital investments into the Company. Adjustments made by the Board pursuant to this Article IV shall be conclusive and binding for all purposes. 

2. In addition, without limiting the generality of Article IV.B.1, in the event of any of the following: (i) a Sale pursuant to which
some or all Members are entitled to receive, in exchange for their Units, a form of consideration other than stock or other equity interests of the surviving entity; (ii) a Sale that is deemed to be a Drag-Along Sale (as defined in the LLC
Agreement); or (iii) the Company enters into a written agreement to undergo an event described in clauses (i) or (ii) above, the Board in its sole discretion, may (I) cancel all or any portion of any outstanding Incentive Units and
pay to the 6 affected Participant, 

  
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in cash or capital stock (or other equity interests), or any combination thereof, the Fair Market Value of the Incentive Units which are then vested and/or (II) convert all or some of the
outstanding vested Incentive Units into other Units or otherwise make provision for the outstanding vested Incentive Units to be Transferred in such transaction, in each case of (I) or (II) above, as determined by the Board in a manner
generally consistent with the treatment of other Units in such event, taking into consideration the relative rights of all Units, including the Hurdle Value applicable to Incentive Units; and provided, that in the case of an event described in
clause (i) above, the Board shall take one of the actions described in clause (I) or (II) above. For the avoidance of doubt, under no circumstance shall the Participant be entitled to any payment or conversion in respect of an Incentive
Unit unless the applicable Hurdle Value for such Incentive Unit has been achieved. 
 3. Furthermore, and without limiting the generality of
Article IV.B.1, upon the occurrence of an Initial Offering, the Board may, in its discretion, (i) cause the exchange of Incentive Units for units or shares of common stock or other equity securities and apply the vesting provisions applicable
to the Incentive Units to such shares of common stock or other equity securities; (ii) adjust the number of Incentive Units issued under the Incentive Plan or under any particular award; (iii) adjust the Hurdle Value applicable to any
Incentive Units; and/or (iv) cancel all or any portion of the Incentive Units in exchange for payment to the Participant in cash or capital stock (or other equity interests) or any combination thereof, of the Fair Market Value of the Incentive
Units; in each case, determined by the Board in a manner generally consistent with the treatment of other Units, taking into consideration the relative rights of all Units, including the Hurdle Value applicable to Incentive Units. 

V. Eligibility. Any Person who is an officer, director, employee, consultant, or independent contractor providing services to the
Company or its Affiliates shall be eligible to be designated as a Participant in the Incentive Plan by the Board. 
 VI. Incentive Unit
Awards. The Board may issue or approve the Transfer of Incentive Units to a Participant pursuant to an Incentive Unit Agreement, upon such terms as the Board deems appropriate and consistent with the Incentive Plan. The following provisions are
applicable to Incentive Units, except as specified otherwise in the applicable Incentive Unit Agreement: 
 A. General Requirements for
Incentive Units. Incentive Units will be issued pursuant to an Incentive Unit Agreement. The Board may establish vesting and other conditions under which restrictions on Incentive Units shall lapse over a period of time or according to such
other criteria as the Board deems appropriate in its sole discretion, and which shall be set forth in the applicable Incentive Unit Agreement. 

B. Number of Incentive Units; Hurdle Value. The Board shall determine the number of Incentive Units to be issued or transferred and the
restrictions applicable to such award, as well as the Hurdle Value applicable to such award. 

  
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 C. Requirement of Employment. Except as otherwise set forth in an applicable
Incentive Unit Agreement, (i) if a Participant’s employment with the Company and its Affiliates is terminated for any reason, all Incentive Units granted to such Participant which remain unvested shall be cancelled and forfeited without
consideration, and (ii) if a Participant’s employment is terminated by the Company or an Affiliate for Cause, all Incentive Units granted to such Participant, whether vested or unvested, shall be cancelled and forfeited without
consideration. Notwithstanding any provision of the Incentive Plan to the contrary, upon the termination of a Participant’s employment with the Company and its Affiliates, such Participant’s vested Incentive Units may be subject to
cancellation and/or repurchase by the Company in the manner and for the consideration provided in such Participant’s Incentive Unit Agreement. The Board may provide for complete or partial exceptions to the requirements of this Article VI.C as
it deems appropriate in its sole discretion. 
 D. Restrictions on Transfer. Except as provided in the LLC Agreement, the applicable
Incentive Unit Agreement or consented to by the Board, no Participant shall Transfer, directly or indirectly, any Incentive Unit awarded under the Incentive Plan, and any such Transfer shall be void and unenforceable against the Company or any of
its Affiliates. 
 E. Non-Voting. The Incentive Units shall not grant the holder thereof any
right to vote. 
 F. Right to Repurchase Units. To the extent provided in any Incentive Unit Agreement, the Company shall have the
right, in its sole discretion, to make a payment to the holder of an outstanding Incentive Unit under the Incentive Plan, whether or not then vested, of the Fair Market Value of such Incentive Unit in consideration for the cancellation of such
Incentive Unit. 

  
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 VII. Future Award of Additional Classes of Units. The Board reserves the right, from
time to time in the future, and in its sole discretion, to award additional classes of Units to Participants. In the event of any such award, the terms of the Incentive Plan shall be applied without the need of any further amendments thereto (and
without any need to obtain the consent of any existing Participants), as if such additional classes of Units were Incentive Units described hereunder, except as the applicable award agreements with respect to such additional classes of Units may
otherwise provide. 
 VIII. Amendment and Termination. The Board may amend, alter, suspend, discontinue, or terminate the Incentive
Plan or any portion thereof at any time; provided, that any such amendment, alteration, suspension, discontinuance or termination that would materially adversely affect the rights of any Participant shall not to that extent be effective
without the written consent of a majority-in-interest of all such adversely affected Participants, taking into account, for such purpose, all such outstanding Incentive
Units, whether or not then vested; provided, further, that such consent shall not be required with respect to an amendment made to conform the Incentive Plan to the LLC Agreement, as currently in effect or as such agreement may
subsequently be amended, or with respect to an amendment made to comply with applicable law. Nothing in the Incentive Plan or in any Incentive Unit Agreement shall require the consent of any holder of any Incentive Unit to any amendment of the LLC
Agreement. 
 IX. General Provisions. 

A. No Rights to Awards. No Person shall have any claim to receive any award under the Incentive Plan. There is no obligation for
uniformity of treatment of Participants regarding the number of Incentive Units awarded. The terms and conditions of awards made under the Incentive Plan need not be the same with respect to each Participant. 

B. Joinder to LLC Agreement; Section 83(b) Election. Unless the Board determines otherwise, as a condition subsequent
to the issue or transfer of any Incentive Unit, each Participant will be required to (i) become a party to the LUC Agreement and (ii) make a timely, valid election under Section 83(b) of the Code to both the Internal Revenue Service
and the Company within 30 days after such issuance or transfer. The issuance or transfer of Incentive Units to any Participant who either fails to become party to the LLC Agreement and/or fails to make such a valid and timely election under
Section 83(b) of the Code shall be void ab initio. 
 C. Tax Withholding. A Participant shall be required to pay to the
Company or any Affiliate, and the Company and its Affiliates shall have the right and are hereby authorized to withhold from any payment due or transfer made under any Incentive Unit, under the Incentive Plan or from any other amount owing to a
Participant (including in connection with any Transfers), the amount (in cash, securities or other property) of any applicable U.S. Federal, state, local or non-U.S. withholding taxes in respect of an
Incentive Unit or any payment or transfer under an Incentive Unit or the Incentive Plan and to take such other action as may be necessary in the opinion of the Board to satisfy all obligations for the payment of such taxes. 

D. Profits Interest Designation. Unless otherwise determined by the Board upon grant of an award, it is intended that the Incentive
Units granted hereunder will constitute “profits interests” for all U.S. Federal tax purposes. 

  
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 E. Section 409A. The Incentive Plan is intended not to be a
nonqualified deferred compensation plan under Section 409A of the Code; provided, however, to the extent that the Incentive Plan or any part thereof is deemed to be a nonqualified deferred compensation plan subject to Section 409A of the
Code, (i) the provisions of the Incentive Plan shall be interpreted in a manner to the maximum extent possible to comply with Section 409A of the Code in accordance with Section 409A of the Code and (ii) the Board may amend the
Incentive Plan for purposes of complying with Section 409A of the Code. 
 F. No Limit on Other Compensation Arrangements.
Nothing contained in the Incentive Plan shall prevent the Company or any of its Affiliates from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the award of Incentive Units, securities and other
types of awards, and such arrangements may be either generally applicable or applicable only in specific cases. 
 G. No Right to
Employment. No award made hereunder shall be construed as giving a Participant the right to be retained in the employ of, or in any other continuing relationship with, the Company or any of its Affiliates. 

H. Special Incentive Compensation. By acceptance of an award hereunder, each Participant shall be deemed to have agreed that such award
is special incentive compensation that will not be taken into account, in any manner, as salary, compensation or bonus in determining the amount of any payment under any pension, retirement, life insurance, disability, severance or other employee
benefit plan of the Company or any of its Affiliates. In addition, each beneficiary of a deceased Participant shall be deemed to have agreed that such award will not affect the amount of any life insurance coverage, if any, provided by any Person on
the life of the Participant which is payable to such beneficiary under any life insurance plan covering employees. 
 I. Compliance with
Laws. The Board may refuse to issue or approve the Transfer of any Incentive Units if it, in its sole discretion, determines that the issuance or Transfer of such Incentive Units would violate the LLC Agreement, the Securities Act or any
applicable law or regulation. Without limiting the generality of the foregoing, no award of an Incentive Unit made hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until
the Company in its sole discretion has determined that any such offer, if made, would be in compliance with all applicable securities laws. 

J. No Trust or Fund Created. Neither the Incentive Plan nor any award made hereunder shall create or be construed to create a trust or
separate fund of any kind, or a fiduciary relationship between the Company, the Board, any Member or any Affiliate, on the one hand, and a Participant or any other Person, on the other hand, except as otherwise expressly required by applicable Law.

  
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 K. Severability. If any provision of the Incentive Plan or any award made hereunder
is, becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to any Person or award, or would disqualify the Incentive Plan or any award under any Law deemed applicable by the Board, such provision shall be construed or
deemed amended to conform to the applicable Laws, or if it cannot be construed or deemed amended without, in the determination of the Board, materially altering the intent of the Incentive Plan or the award, such provision shall be stricken as to
such jurisdiction, Person or award and the remainder of the Incentive Plan and any such award shall remain in full force and effect. 
 L.
Amendment to LLC Agreement. Neither the adoption of the Incentive Plan nor any award made hereunder shall restrict in any way the adoption of any amendment to the LLC Agreement in accordance with the terms of the LLC Agreement. 

M. Conflict Between the Incentive Plan and the LLC Agreement. The Incentive Plan is subject to the LLC Agreement, the terms and
provisions of which are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the LLC Agreement, the applicable terms and provisions of the LLC Agreement will
govern and prevail. No Participant who holds only Incentive Units shall have any right to receive or review a copy of Schedule A or Schedule B of the LLC Agreement (except for information on Schedule A or Schedule B that relates solely to such
Participant) or obtain other information about the identities of the other Participants or Members or the size or nature of their interests in the Company. 

N. Headings. Headings are used herein solely as a convenience to facilitate reference and shall not be deemed in any way material or
relevant to the construction or interpretation of the Incentive Plan or any provision thereof. 
 O. Interpretations. Unless the
express context otherwise requires, with respect the Incentive Plan or any Incentive Unit Agreement: (i) the terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa; (ii) wherever the word
“include,” “includes” or “including” is used, it shall be deemed to be followed by the words “without limitation;” and (iii) except where otherwise indicated by the context, any masculine term used herein
shall also include the feminine. 
 P. Governing Law. The validity, construction and effect of the Incentive Plan and any rules and
regulations relating to the Incentive Plan and any Incentive Unit Agreement shall be determined in accordance with the laws of the State of Delaware applicable to agreements made and to be performed entirely within such state. 

Q. DISPUTE RESOLUTION: CONSENT TO JURISDICTION. Each of the parties submits to the exclusive jurisdiction of the courts of the State of
Illinois and agrees that all claims in respect of the action or proceeding may be heard and determined in any such court. Each party also agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court.
Each of the parties waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto. Any party may make
service on any other party by sending or delivering a copy of the process to the party to be served at the address and in the manner provided for the giving of notices in this Section IX.Q. Nothing in this Section IX.Q, however, shall affect the
right of any party to serve legal process in any other manner permitted by law or at equity. Each party agrees that a final judgment in any action or proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in

  
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any other manner provided by law or at equity. Each party hereto hereby waives trial by jury in any judicial proceeding involving, directly or indirectly, any matter in any way arising out of or
related to this Incentive Agreement or the relationship established hereunder. Each party acknowledges and agrees that its obligations hereunder are of a special, unique and extraordinary character, that they are reasonably related to the legitimate
business interests of the Company, and that a failure to perform any such obligation or a violation of such obligations will cause irreparable injury to the Company, the amount of which would be impossible to estimate or determine and for which
adequate compensation could not be fashioned. Therefore, the parties agree the Company will be entitled, as a matter of right, and without the need to prove irreparable injury or to post bond, to seek an injunction, restraining order, writ of
mandamus or other equitable relief (including specific performance) from any court of competent jurisdiction, restraining any violation or threatened violation of any term of this Agreement, or requiring compliance with or performance of any
obligation hereunder, by the parties and such other persons as the court will order. 
 R. Term of Plan. The Amended and Restated
Incentive Plan shall be effective as of the Closing (the “Effective Date”). Notwithstanding anything to the contrary herein, if the Purchase Agreement terminates prior to the Closing, the Amended and Restated Incentive Plan shall be
void ab initio, and the prior Incentive Plan of the Company, effective as of December 18, 2015 shall remain in effect. No award shall be made under the Incentive Plan after December 31, 2028. Unless otherwise expressly provided in an
applicable Incentive Unit Agreement, the termination of the Incentive Plan shall not affect the terms of any Incentive Unit awarded hereunder or otherwise subject hereto at the time of termination of the Incentive Plan, and Incentive Unit Agreements
then in effect shall continue in effect after December 31, 2028. 

  
 11EX-10.8

 Exhibit 10.8 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”), is made and entered into on February 27, 2015, by and among Oak Street
Health, LLC, an Illinois limited liability company (the “Company”) and Michael Pykosz (“Executive”). This Agreement shall become effective as of the Effective Date (as hereinafter defined). 

WHEREAS, the Company desires to employ Executive on the terms and conditions contained herein; and 

WHEREAS, Executive desires to be employed by and render services to the Company upon and subject to the terms, conditions and other provisions
set forth herein. 
 NOW THEREFORE, in consideration of the promises and mutual covenants and agreements contained herein, the adequacy of
all of which consideration is hereby acknowledged, the parties hereby agree as follows: 
 1. DEFINITIONS 

The following words and terms shall have the meanings set forth below for the purposes of this Agreement: 

“Board of Directors” means the Board of Directors of the Company. 

“Cause” means Executive’s: (i) conviction (including a guilty plea or plea of nolo contendere) of any crime or
offense that constitutes a felony under federal or state law or other crime involving moral turpitude or any öfter act or omission involving fraud with respect to the Company; (ii) commission of an act of gross negligence or intentional
misconduct, in each case resulting in any material detriment to the Company; (iii) knowingly aiding or abetting a competitor, supplier or customer of the Company in a manner that would violate the duty of loyalty to the Company, whether or not
such duty applies to Executive; (iv) failure to comply with the lawful direction of the Board of Directors, the written company policies, or a material breach of any provision of this Agreement (other than due to physical or mental incapacity),
which failure continues for thirty (30) days (other than respect to any such failure or breach which cannot be cured within such period) following receipt of written notice from the Board of Directors specifying such failure, or which failure
represents a pattern of failing to comply with the lawful and reasonable direction of the Board of Directors. 

“Disability” means Executive is unable to perform the essential functions of his position with or without accommodation by
reason of any medically determinable physical or mental impairment which has lasted or can reasonably be expected to last for a period of ninety (90) or more consecutive days or for a period of at least 180 days in the aggregate for any twelve-month period, as determined by a physician to be selected by the Company; including, but not limited to that Executive shall be considered to have a Disability if it is also treated as a disability
under the Company’s long-term disability policy. 

 “Good Reason” means the occurrence of any of the following events, without
the express written consent of Executive, unless the applicable event is fully corrected in all material respects by the Company within thirty (30) days following written notification by Executive to the Board of Directors of the Company of the
applicable event: (i) a material diminution in Executive’s duties and/or responsibilities, (ii) a material reduction in Executive’s Base Salary (as defined below); (iii) a material relocation, of Executive’s principal
base of operation (other than for temporary assignments with the prior consent of Executive); or (iv) any other material breach of this Agreement by the Company. Executive shall provide the Company with a written notice detailing the specific
circumstances alleged to constitute Good Reason within ninety (90) days after the first occurrence of such circumstances, and actually terminate employment within thirty (30) days following the expiration of the Company’s thirty (30)-day cure period described above. Otherwise, any claim of such circumstances as “Good Reason” shall be deemed irrevocably waived by Executive. 

“Notice of Termination” means a dated notice that (i) indicates the specific termination provision in this Agreement
relied upon, (ii) specifies a Termination Date, except in the case of the Company’s termination of Executive’s employment for Cause, for which the Termination Date may be the date of the notice; provided, however, that
Executive has been provided with any applicable cure period, and (iii) is given in the manner specified in Section 7.2 hereof. With the exception of termination of Executive’s employment due to Executive’s death, any purported
termination of Executive’s employment by the Company for any reason, including without limitation for Cause or Disability, or by Executive for any reason, shall be communicated by a written “Notice of Termination” to the other party.

 “Termination Date” means (i) if Executive’s employment is terminated for Cause or Disability, the date
specified in the Notice of Termination, (ii) in the case of termination of employment due to death, the date of Executive’s death, (iii) in the event of the expiration of the Term, the date of such expiration, or (iv) if
Executive’s employment is terminated for any other reason, the date on which a Notice of Termination is given or as specified in such Notice. 

2. EMPLOYMENT 
 2.1
Agreement and Term. Subject to Executive’s full compliance with Section 2.2 and 2.3 hereof and subject to the provisions of Section 5 hereof, Executive’s employment under this Agreement shall begin as of the date first
written above (the “Effective Date”); and shall continue until the third (3rd) anniversary date hereof (“Initial Term”), and thereafter shall automatically
review for successive periods of one (1) year (each a “Renewal Term”), unless the Company and the Executive agree to new terms of employment one hundred twenty (120) days before the end of the Initial Term or
applicable Renewal Term. The Initial Term and Renewal Term, if any, are referred to herein as the “Term.” 
 2.2
Position and Duties. Except as otherwise provided in this Agreement, during the Term of this Agreement, Executive shall serve as Chief Executive Officer of the Company and shall report directly to the Board of Directors. Executive shall
perform duties, undertake the responsibilities, and exercise the authorities customarily performed, undertaken and exercised by persons situated in a similar capacity at a similar company. Executive shall carry out his duties and responsibilities at
all times in compliance with the Company’s Employee Manual, as in 

 
effect from time to time, and in compliance with any other policies promulgated from time to time by the Company. Executive shall also perform such other duties, commensurate with his position,
as lawfully requested by the Board of Directors. During the Term of this Agreement, Executive shall use his best efforts to serve the Company faithfully, diligently and competently and to the best of his ability, and to devote his full time business
hours, energy, ability, attention and skill to the business of the Company; provided, however, that the foregoing is not intended to preclude Executive from noncompetitive activities, conducted outside normal business hours permitted
under Section 2.3 hereof. 
 2.3 Outside Activities. During the Term of this Agreement, Executive may serve as a director or
advisor of other organizations, perform charitable and other activities; provided, however, that such activities do not materially interfere with the performance of his duties hereunder and are not in conflict or competitive with, or
adverse to, the interests of the Company. Executive shall provide written notice to the Board of Directors at least annually of material outside activities. Executive shall not, however, under any circumstances, provide services or advice in any
capacity whatsoever for or on behalf of any entity that competes with or is competitive with the Company. 
 3. COMPENSATION AND BENEFITS

 3.1 Salary. The Company shall compensate and pay Executive for his services during the Term at a rate no less than
$210,000 per year until December 31, 2015, increasing to $220,000 from January 1, 2016 onward, less payroll deductions and all required tax withholdings, (“Base Salary”), which salary shall he payable in accordance
with the Company’s customary payroll practices applicable to its executives, but no less frequently than monthly. 
 3.2
Bonus. During the Term of this Agreement, Executive shall have the opportunity to earn annual performance bonuses based on performance criteria to be established by the Board of Directors. Executive shall be eligible to receive a target
cash bonus of 50 % of his Base Salary with the opportunity to receive a maximum cash bonus of 100 % of his Base Salary based upon the attainment of performance objectives established by the Board of Directors; provided, that the
Company shall use commercially reasonable efforts to establish such performance objectives promptly following the approval by the Board of Directors of the budget for the applicable fiscal year. Unless set forth otherwise herein, Executive must be
actively employed with the Company on the bonus payout date in order to receive any annual bonus payout pursuant to this subsection. Any bonus payable hereunder shall be paid as soon as practicable following the end of the applicable fiscal year but
in no event later than thirty (30) days following completion, of the Company’s audited financial statements for the fiscal year in which any such bonus is earned. 

3.3 Employee Benefits. During the Term of this Agreement, to the extent eligible under the applicable plans or programs, Executive shall
be entitled to participate in the employee benefits plans and programs made available to executive level employees of the Company generally, such as health, medical, dental and other insurance coverage and group retirement plans. The terms and
conditions of Executive’s participation in any employee benefit plan or program shall be subject to the terms and conditions of such plan or program, as may be modified by the Company from time to time. Nothing in this Agreement shall preclude
the Company from amending or terminating any employee benefit plan or program. 

 3.4 Paid Leave. Executive shall be entitled to four (4) weeks of paid
vacation leave each year, subject an annual accrual cap of 30 working days. Executive shall also be entitled to all paid holidays to which executive level employees of the Company are entitled. Accrued unused vacation leave shall be paid in the
event of a termination of employment. 
 4. EXPENSES 

4.1 Business Expenses. The Company shall reimburse Executive or otherwise provide for or pay for reasonable out-of-pocket expenses incurred by Executive in furtherance of or in connection with the business of the Company, including, but not limited to, travel and entertainment
expenses commensurate with his duties hereunder (including attendance at industry conferences), subject to the Company’s policies as periodically reviewed by the Board of Directors and in effect from time to time, including without limitation
such reasonable documentation and other limitations as may be established or required by the Company. 
 5. TERMINATION 

5.1 Termination Due to Death or Disability. If Executive’s employment is terminated by reason of Executive’s death or
Disability, Executive or his estate shall be entitled to receive: (a) Executive’s accrued Base Salary through the Termination Date; (b) an amount for reimbursement, paid within 60 days following submission by Executive (or if
applicable, Executive’s estate) to the Company of appropriate supporting documentation for any unreimbursed business expenses properly incurred prior to the Termination Date by Executive pursuant to Section 4 and in accordance with Company
policy; (c) any accrued and unpaid vacation pay, paid within 60 days of the Termination Date (or earlier if required by applicable law); and (d) such employee benefits, if any, to which Executive (or, if applicable, Executive’s
estate) or his dependents may be entitled under the employee benefit plans or programs of the Company, paid in accordance with the terms of the applicable plans or programs (the amounts described in clauses (a) through (d) hereof being
referred to as the “Accrued Rights”). 
 5.2 Termination by Executive for Other Than Good Reason. In the event
Executive terminates his employment for other than Good Reason, Executive shall be entitled to receive the Accrued Rights, but following the Termination Date, Executive shall have no further rights to any other compensation or benefits under this
Agreement, including without limitation any severance or continuation of benefits or otherwise. Executive shall provide the Company sixty (60) days’ prior written notice of his intention to terminate his employment with the Company
pursuant to this Section 5.2. 
 5.3 Termination by the Company for Cause. In the event the Company terminates his employment for
Cause, Executive shall be entitled to receive the Accrued Rights, but following the Termination Date, Executive shall have no further rights to any other compensation or benefits under this Agreement, including without limitation any severance or
continuation of benefits or otherwise. 

 5.4 Termination by the Company Other Than for Death, Disability or Cause or by Executive
for Good Reason. If Executive’s employment is terminated by the Company for reasons other than death, Disability or Cause, or is terminated by Executive for Good Reason, Executive shall be entitled to receive (a) a monthly severance
payment in an amount equal to the sum of (I) the annualized average of the last three (3) years of the Executive’s Base Salary plus Bonus, in effect as of immediately prior to the date of such termination, divided by
(II) twelve (the “Severance Benefits”), for the period set forth in Section 5.6; and (b) the Accrued Rights. Notwithstanding anything herein to the contrary, Executive may terminate his employment hereunder for
Good Reason within a period of time not to exceed ninety (90) days following the initial existence of the event(s) that constitute Good Reason. For purposes of this Agreement, Good Reason shall not occur unless Executive gives written
notice to the Company within thirty (30) days of the occurrence of any of the events listed under the definition of Good Reason in Section 1 hereof and such event remains uncured sixty (60) days after the Company’s receipt of
such notice. Such termination shall occur immediately following expiration of the cure period to the extent such event remains uncured. 

5.5 Termination by Mutual Consent. Notwithstanding any of the foregoing provisions of this Section 5, if at any time during the
course of this Agreement the parties by mutual consent decide to terminate Executive’s employment, they may do so by separate agreement setting forth the terms and conditions of such termination. 

5.6 Payment of Severance. Unless otherwise set forth herein, any Severance Benefits owed to Executive pursuant to Section 5
hereof shall be paid out monthly by the Company for a minimum of one (1) year after the Termination Date and, subject to delivery of a Severance Notice pursuant to this Section 5.6, during the entire Restricted Period (as defined below)
commencing on the sixtieth (60th) day following the Termination Date and in accordance with the Company’s standard payroll schedule and practices; provided, however, that Severance Benefits
owed to Executive shall immediately cease and no Severance Benefits shall be paid by the Company to Executive if at any time after the first anniversary of the Termination Date, the Company provides written notice (such notice, the
“Severance Notice”) to Executive stating (a) the obligations and restrictions set forth in Section 6.1 of this Agreement no longer apply to Executive and (b) the final end date of the Restricted Period. Executive
acknowledges and agrees that no Severance Benefits will be paid by the Company to Executive following delivery of a Severance Notice to Executive. 

5.7 Release of Claims; Offsets. As a condition to the receipt of any Severance Benefits, Executive shall be required to execute, and not
subsequently revoke, within sixty (60) days following the termination of his employment a release in a form reasonably acceptable to the Company of all claims arising out of his employment or the termination thereof. After the first anniversary
of the Termination Date, Severance Benefits, if any, may also be offset by any earnings of Executive after the first anniversary of the Termination Date from other employment. While receiving Severance Benefits, Executive shall notify the Company
upon obtaining other employment and provide evidence of base salary and/or bonus and incentive payments that Executive may receive from new employment while receiving Severance Benefits. 

 5.8 Cooperation with Company after Termination of Employment. Following termination
of Executive’s employment for any reason, Executive shall reasonably cooperate with the Company in all matters relating to the winding up of his pending work on behalf of the Company including, but not limited to, any litigation in which the
Company is involved and the orderly transfer of any such pending work to other employees of the Company as may be designated by the Company. The Company shall reasonably compensate Executive for services rendered pursuant to this Section 5.8 at
a rate to be determined by the parties. In addition, the Company shall reimburse Executive for any reasonable out-of-pocket expenses he incurs in performing any work on
behalf of the Company following the termination of his employment. 
 6.
NON-SOLICITATION & NON-COMPETITION 
 6.1
Non-Compete. Executive agrees that during the Term and for three (3) years following the Termination Date (the “Restricted Period”), Executive shall not, anywhere in the
areas where the Company conducts business (or has expanded resources or time to plan the conduct of business) during the Term, including, but not limited to the United States (the “Restricted Territory”), directly or indirectly,
own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be an officer or an employee of any business or organization that, directly or indirectly (i) provides medical or health care services
of any type to Medicare beneficiaries, or (ii) offers or manages any plan contracting with the Medicare Advantage program or with any dual Medicare/Medicaid program or provides administrative or other services to such plan (each, a
“Restricted Business”). The foregoing shall not restrict Executive from owning up to 1% of any class of securities of any person engaged in a Restricted Business if such securities are listed on any national or regional securities
exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934, as amended, as long as such securities are held solely as a passive investment and not with a view to influencing, controlling or directing the affairs
of such person. Executive acknowledges and agrees that the Restricted Period may be for a period less than three (3) years following the Termination Date if (and only if) the Company delivers a Severance Notice pursuant to Section 5.6 but
in no event shall such period be for a period less than one year following the Termination Date. 
 6.2 Non-Solicitation. Executive agrees that during the Restricted Period, Executive will not, directly or indirectly, for himself or on behalf of or in conjunction with any other person, (i) solicit, induce,
attempt to solicit or induce, or hire or attempt to hire any person that is an employee of the Company or was within twelve (12) months prior to the Termination Date; provided, however, this Section 6.2 shall not be breached
by a solicitation to the general public or through general advertising and Executive may solicit for employment any person who at the Termination Date had not been an. employee of the Company at any time within six (6) months preceding such
date or whose employment with the Company had terminated more than six (6) months prior to Executive’s solicitation of such person or (ii) solicit, advise or encourage any person, firm, government agency or corporation (a
“Customer”) (including without limitation any potential customer of the Company that is engaged in discussion with the Company to do business with the Company), to withdraw, curtail or cancel its business (or potential business)
with the Company. 

 6.3 Non-Disparagement. During the Term
and thereafter, Executive agrees that he will not, at any time, make, directly or indirectly, any oral or written statements that are disparaging of the Company, its business, its products or services, or any of its present or former officers,
directors, members, stockholders, managers or employees. 
 6.4 Reasonable Limitation and Severability. The parties agree that the
above restrictions on competition are (i) appropriate and reasonable given Executive’s role with and knowledge of the Company, and are necessary to protect the interests of the Company and (ii) completely severable and independent
agreements supported by good and valuable consideration and, as such, shall survive the termination of this Agreement for any reason whatsoever. Executive acknowledges that Executive has carefully considered the terms of this Agreement, including
the restrictive covenants set forth in this Section 6, and acknowledges that if this Agreement is enforced according to its terms, Executive will be able to earn a reasonable living in commercial activities unrelated to the business of the
Company in locations satisfactory to Executive. Executive also acknowledges that the restrictive covenants set forth in this Section 6 are a vital part of and are intrinsic to the ongoing operations of the Company, in light of the nature of the
business of the Company and the unique position, skills and knowledge of Executive with the Company. The parties further agree that any invalidity or unenforceability of any one or more of such restrictions on competition shall not rentier invalid
or unenforceable any remaining restrictions on competition. Additionally, should a court of competent jurisdiction determine that the scope of any provision of this Section 6 is too broad to be enforced as written, the parties hereby authorize
the court to reform the provision to such narrower scope as it determines to be reasonable and enforceable and the parties intend that the affected provision be enforced as so amended. Executive acknowledges and agrees that to the extent Executive
has breached or is in breach of any of the covenants set forth in Sections 6.1 or 6.2, the Restricted Period shall be extended by an amount of time equal to the duration of such breach. 

6.5 Confidential Information. Executive acknowledges and agrees that the customers, business connections, customer lists,
procedures, operations, techniques and other aspects of and information about the business of the Company (the “Confidential Information”) are established at great expense and protected as confidential information and provide the
Company with a substantial competitive advantage in conducting its business. Executive further acknowledges and agrees that by virtue of his employment with the Company, he has had access to and will have access to, and has been entrusted with and
will be entrusted with Confidential Information, and that the Company would suffer great loss and injury if Executive would disclose this information or use it in a manner not specifically authorized by the Company. Therefore, Executive agrees that
during the Term, and at all times thereafter, he will not, directly or indirectly, either individually or as an employee, agent, partner, shareholder, owner trustee, beneficiary, co-venturer distributor,
consultant or in any other capacity, use or disclose or cause to be used or disclosed any Confidential Information, unless and to the extent that any such information becomes generally known to and available for use by the public other than as a
result of Executive’s acts or omissions. Executive shall deliver to the Company at the termination of the Term, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer discs, flash drives, printouts
and software and other documents and data (and copies thereof) in any media form relating to the Confidential Information, Work Product (as defined below) or the business of the Company which he may then possess or have under his control. Executive
acknowledges and agrees that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable) that relate to the Company’s actual or
anticipated business research and development or existing or future products or services and that are conceived, developed or made by the Executive while employed by the Company (“Work Product”) belong to the Company. 

 7. GENERAL PROVISIONS 

7.1 Assignment. The Company may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any company
or other entity with or into which the Company may hereafter merge or consolidate or to which the Company may transfer all or substantially all of its assets, and in any such case said company or other entity shall by operation of law or expressly
in writing assume all obligations of the Company hereunder as fully as if it had been originally made a party hereto. Executive may not assign or transfer this Agreement or any rights or obligations hereunder. 

7.2 Notice. For the purposes of this Agreement, notices and ail other communications provided for in this Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below: 

 

			
	 To the Company:
	  	Oak Street Health, LLC
		  	327 West Belden, #3
		  	Chicago, IL 60614
		  	Attention: Board of Directors
		
	 With Copy To:
	  	Raymond Parley III
		  	 Lindquist & Vennum LLP
 4200 IDS
Center
 80 South Eighth Street

		  	Minneapolis, Minnesota 55402
		  	Tel 612-371-3507
		  	 Fax 612-371-3207

email: rfaricy@lindquist.com

		
	 To Executive:
	  	Michael Pykosz

 7.3 Amendment and Waiver. No provision of this Agreement may be amended or waived unless such amendment
or waiver is in writing and signed by each of the parties hereto. 
 7.4 Non-Waiver of Breach.
No failure by either party to declare a default due to any breach of any obligation under this Agreement by the other, nor failure by either party to act quickly with regard thereto, shall be considered to be a waiver of any such obligation, or
of any future breach. 
 7.5 Severability. In the event that any provision or portion of this Agreement, shall be determined to
be invalid or unenforceable for any reason, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect. 

 7.6 Governing Law. To the extent not preempted by federal law, the validity
and effect of this Agreement and the rights and obligations of the parties hereto shall be construed and determined in accordance with the law of Illinois, without application of conflict of law principles. THE PARTIES IRREVOCABLY CONSENT TO THE
JURISDICTION OF, AND VENUE IN, THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF ILLINOIS, COUNTY OF COOK, CITY OF CHICAGO, WITH RESPECT TO ANY MATTERS PERTAINING TO, OR ARISING FROM, THIS AGREEMENT. 

7.7 Waiver of Jury Trial. THE PARTIES EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION, CAUSE OF ACTION (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY
AND THAT THE PARTIES MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THE WAIVER OF THEIR MIGHT TO TRIAL BY JURY. 

7.8 Entire Agreement. This Agreement contains all of the terms agreed upon by the Company and Executive with respect to the
subject matter hereof and supersedes all prior agreements, arrangements and communications between the parties dealing with such subject matter, whether oral or written, except with respect to breaches by Executive of any prior employment or similar
agreement for the benefit of Executive. 
 7.9 Binding Effect. This Agreement shall be binding upon and shall inure to the
benefit of the transferees, successors and assigns of the Company, including any company with which the Company may merge or consolidate. 

7.10 Headings. Numbers and titles to Sections hereof are for information purposes only and, where inconsistent with the text, are to be
disregarded. The headings in this Agreement are in no way intended to describe, interpret, define, or limit the scope, extent or intent of this Agreement. 

7.11 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but
all of which when taken together, shall be and constitute one and the same instrument. 
 7.12 Specific Enforcement; Remedies.
The provisions of Section 6 of this Agreement are to be specifically enforced if not performed according to their terms. Without limiting the generality of the foregoing, the parties acknowledge that the Company would be irreparably damaged
and there would be no adequate remedy at law for Executive’s breach of Section 6 of this Agreement and further acknowledge that the Company may obtain a temporary restraining order or preliminary injunction, in addition to any other
remedies available at law or in equity, to enforce the provisions thereof, without the Company being required to post a bond or other security therefor. In addition, in the event of a material violation by Executive of the provisions of
Section 6, any severance being paid to Executive pursuant to this Agreement or otherwise shall immediately cease. 
  

 7.13 Taxes & IRC Section 409A Matters.
The Company may withhold from any payment hereunder such state, federal or local income, employment or other taxes and other legally mandated withholdings as it reasonably deems appropriate. The Company makes no representation about the tax
treatment or impact of any payment(s) hereunder. The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Code, as amended (“Section 409A”), to the extent
subject thereto, and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted and administered to be in compliance therewith. Notwithstanding anything herein to the contrary: (i) if at the time of Executive’s
termination of employment with the Company, Executive is a “specified employee” as defined in Section 409A 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, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or
benefits ultimately paid or provided to Executive) until the date that is six (6) months following Executive’s termination of employment with the Company (or the earliest date as is permitted under Section 409A); (ii) if any
other payments of money or other benefits due to Executive hereunder could cause the application of an accelerated or additional tax under Section 409A, such payments or other benefits shall be deferred if deferral will make such payment or
other benefits compliant under Section 409A, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner determined by the Company that does not cause such an accelerated or additional tax;
(iii) to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, Executive shall not be considered to have terminated employment with the Company for purposes of this Agreement and no payment
shall be due to Executive under this Agreement until Executive would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A; and (iv) each amount to be paid or benefit to be
provided to Executive pursuant to this Agreement, which constitute deferred compensation subject to Section 409A, shall be construed as a separate identified payment for purposes of Section 409A. To the extent required to avoid an
accelerated or additional tax under Section 409A, amounts reimbursable to Executive under this Agreement shall be paid to Executive on or before the last day of the year following the year in which the expense was incurred and the amount of
expenses eligible for reimbursement (and in-kind benefits provided to Executive) during any one year may not affect amounts reimbursable or provided in any subsequent year. Neither the Company nor any of its
employees or representatives shall have any liability to Executive with respect to Section 409A. 
 7.14 Survival. Except as
otherwise expressly provided in this Agreement, all covenants, representations and warranties, express or implied, in addition to the provisions of Sections 6 and 7 of this Agreement, shall survive the termination of this Agreement. 

 7.15 Review by Counsel. Executive has been advised that Executive should consult with
his own legal advisor prior to executing this Agreement, and Executive acknowledges that he has had the opportunity to consult with and review the terms of this Agreement with counsel prior to execution of this Agreement. 

[signatures on next page] 

 IN WITNESS WHEREOF, the parties hereto, have caused this Employment Agreement to be duly
executed on the date and year first written-above. 
  

							
	 Oak Street Health, LLC
	 		  	
				
	By:	 	 /s/ Kevin H. Roche
	 		  	 /s/ Michael Pykosz

		 		 		  	Michael Pykosz

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