Document:

Cardinal Health, Inc. Long-Term Incentive Cash Program

 Exhibit 10.1 
 CARDINAL HEALTH, INC. 
 LONG-TERM INCENTIVE CASH PROGRAM 
 Article 1. Establishment
and Purpose 
 1.1. Establishment of Program. The Cardinal Health, Inc. Long-Term Incentive Cash Program (the “Program”)
is hereby established effective as of July 1, 2007, under Section 13 of the Cardinal Health, Inc. 2005 Long-Term Incentive Plan, as amended (the “2005 LTIP”). The Program is subject to the terms and provisions of the 2005 LTIP.

 1.2. Purpose. The primary purposes of the Program are to: 
 (a) Achieve the Company’s long term financial objectives; 
 (b) Focus management on key measures that drive financial and management performance; and 
 (c) Provide compensation opportunities that are externally competitive and internally consistent with the Company’s growth objectives
and total compensation strategies. 
 Article 2. Definitions 
 Whenever used in the Program, capitalized terms that are defined in the 2005 LTIP shall have the meanings attributed to them in the 2005 LTIP. In addition, the following terms shall have the meanings set forth below
and, when the defined meaning is intended, the term is capitalized: 
 2.1. “Covered Employee” means any Participant who is, or who
is determined by the Committee to be likely to become, a “covered employee” within the meaning of Code Section 162(m). 
 2.2.
“Effective Date” means July 1, 2007. 
 2.3. “Final Award” means the actual incentive compensation earned under a
Cash Award during a Performance Period or partial Performance Period by a Participant, as determined by the Administrator following the end of the Performance Period or partial Performance Period, as applicable. 
 2.4. “Performance Period” means a period of three fiscal years of the Company. The first Performance Period under the Program shall be the
three fiscal year period beginning on the Effective Date, with a new three fiscal year Performance Period beginning on each anniversary thereof until the Program is terminated. 

 2.5 “Retirement” means Termination of Employment by a Participant (other than by reason of
death or Disability and other than in the event of Termination for Cause) from the Company and its Affiliates (a) after attaining age fifty-five (55), and (b) having at least ten (10) years of continuous service with the Company and
its Affiliates, including service with an Affiliate of the Company prior to the time that such Affiliate became an Affiliate of the Company. For purposes of the age and/or service requirement, the Administrator may, in its discretion, credit a
Participant with additional age and/or years of service. 
 Article 3. Eligibility and Participation 
 3.1. Eligibility. The Administrator shall designate the key executive Employees who are eligible to receive a Cash Award under the Program. Only
the Committee may determine the eligibility of Employees who are Covered Employees. 
 3.2. Participation. Employees who are chosen to
participate in the Program for a Performance Period shall be apprised of the performance criteria and related Cash Awards determined for them for the Performance Period, as soon as is practicable after such criteria and Cash Awards are established
and shall be apprised of the award level determined by the Committee and Final Award determined for them for the Performance Period, as soon as is practicable after they are determined. 
 3.3. Partial Performance Period Participation. An Employee who becomes eligible after the beginning of the Performance Period may participate in
the Program for that Performance Period on a ratable basis provided at least two fiscal years remain in the Performance Period at the date of the Employee’s initial eligibility. Such situations may include, but are not limited to (a) new
hires; or (b) when an Employee is promoted from a position which did not previously meet the eligibility criteria. The Administrator, in its sole discretion, retains the right to prohibit or allow participation for any of the aforementioned
Employees. The performance criteria previously established under the Program shall apply to any Employees who become eligible after the beginning of the Performance Period. If an Employee participates for only a portion of the Performance Period for
any reason, his or her Cash Award will be pro-rated based on the number of days he or she performed services during the Performance Period over the total days in the Performance Period, or some similar method adopted by the Committee that results in
a ratable reduction of the Cash Award based on the partial Performance Period applicable to the Employee. Notwithstanding anything in this Section 3.3 or in the Program to the contrary, the participation in the Program for a Covered Employee
who becomes eligible after the beginning of the Performance Period shall comply with the provisions of Code Section 162(m). 
 3.4.
No Right to Participate. No Participant or other Employee shall at any time have a right to be selected for participation in the Program for any Performance Period, whether or not he or she previously participated in this or any similar
Program. 
 Article 4. Award Determination 
 4.1. Performance Criteria and Covered Employees. Within 90 days following the first day of the Performance Period (or, if earlier, before 25% of that period has elapsed), and at a 

  

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time when the outcome relative to the attainment of the performance criteria is not substantially certain, the Administrator shall select and establish in
writing performance criteria for that Performance Period (“Period Qualifying Performance Criteria”), which, if met, will entitle Participants to the payment of the Cash Awards. To ensure compliance with the exception from Code
Section 162(m) for qualified performance-based compensation, the performance criteria established for Participants who are Covered Employees shall be based on one or more Qualifying Performance Criteria. In addition, the Committee shall
establish the Cash Award, including a target incentive award, in writing for each Covered Employee for the Performance Period. A level of performance relative to the Period Qualifying Performance Criteria shall be designated as the “Maximum
Award” at which the target incentive award shall be earned. Participants who are Covered Employees may receive a Final Award solely if the Period Qualifying Performance Criteria are met. Subject to the requirements of Code Section 162(m)
with respect to Covered Employees, at the time the Cash Awards are made and performance criteria are established, the Committee is authorized to determine the manner in which the performance criteria will be calculated or measured to take into
account certain factors over which Participants have no or limited control, including, but not limited to, market related changes in inventory value, changes in industry margins, changes in accounting principles, and extraordinary charges to income.

 4.2. Performance Criteria and Participants. The Administrator may, in its discretion, establish one or more business goals
(“Period Business Goals”) in addition to the Period Qualifying Performance Criteria (collectively, the “Period Performance Criteria”) which correspond to various levels of Cash Awards based on percentage multiples of a target
incentive award or other levels of attainment of the business goals. In addition, the Administrator shall establish a Cash Award, including a target incentive award, for each Participant who is not a Covered Employee for the Performance Period. A
level of performance relative to the Period Performance Criteria shall be designated as the “100% Award Level” at which the target incentive award shall be earned. In addition, ranges of performance above and below the one hundred percent
(100%) performance level may be established, with corresponding Cash Award levels ranging from a minimum of 0% to a maximum of 200% of the target incentive award. 
 4.3. Final Award Determinations. At the end of each Performance Period, the Committee shall certify in writing the extent to which the Period Qualifying Performance Criteria were met and, if Period Business
Goals were established, shall determine the extent to which the Period Business Goals were met. If the Period Qualifying Performance Criteria for the Performance Period are met, Covered Employees shall be entitled to the payment of the Maximum
Award, subject to the Committee’s exercise of negative discretion to reduce any Final Award payable to a Covered Employee based on achievement of Period Business Goals or other factors as determined by the Committee in its sole discretion. With
respect to Participants who are not Covered Employees, the Committee shall determine the award level based upon the extent to which Period Performance Criteria were met, subject to the Committee’s exercise of discretion to increase or reduce
the award level based on such factors as determined by the Committee in its sole discretion. The Administrator shall determine Final Award for Participants who are not Covered Employees by applying the award level determined by the Committee to the
target incentive award established under the Cash Award for that Participant. As set forth in the 2005 LTIP, the maximum amount payable to any single Participant pursuant to the portion of a Cash Award earned with respect to any single fiscal year
shall not exceed $7,500,000. 
  

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 4.4. Fiscal Year 2008-2010 Transition. Notwithstanding the foregoing, the Committee shall
establish performance criteria applicable to the first two fiscal years of the first Performance Period under the Program (from July 1, 2007 through June 30, 2009), in addition to the performance criteria for the entire three fiscal year
Performance Period (from July 1, 2007 through June 30, 2010). If the performance criteria applicable to the period from July 1, 2007 through June 30, 2009 are met, then forty percent (40%) of the Cash Award established for
the Performance Period shall be payable. Based upon the level of performance achieved, the Cash Award amount may range from a minimum of 0% to a maximum of 80% of the target incentive award. The remaining sixty percent (60%) of the Cash Award,
which amount may range from a minimum of 0% to a maximum of 120% of the target incentive award, shall be payable based upon the achievement of the performance criteria for the entire Performance Period. All determinations of performance criteria,
Cash Awards and Final Awards applicable to the partial Performance Period from July 1, 2007 through June 30, 2009 shall be made in the same manner and subject to the same restrictions as apply to the entire Performance Period hereunder.

 Article 5. Payment of Final Awards 
 Each Participant’s Final Award shall be paid in cash, in one lump sum, subject to applicable
tax withholding, on the last regular business day occurring on or before the 15th day of the third month after the end of each Performance Period or
partial Performance Period, as applicable. If payment is delayed due to an unforeseeable event or other administrative delays, payment shall in no event be made later than the 15th day of the third month after the end of the taxable year of the Participant in which the Final Award was earned. The Administrator may permit or provide for deferred payment of any Final Award to a specified date or
to a date not less than six (6) months after termination of employment, in accordance with the terms and conditions of the Cardinal Health Deferred Compensation Plan and in compliance with the requirements of Code Section 409A. 

 Article 6. Termination of Employment; Other Vesting and Forfeiture Events 
 6.1. Termination of Employment Due to Retirement, Death or Disability. In the event a
Participant’s employment is terminated by reason of Retirement, death or Disability, the Final Award determined in accordance with Article 4 herein shall be reduced to reflect participation prior to termination of employment only. The Final
Award, if any, shall be determined by multiplying the Final Award by a fraction, the numerator of which is the number of days of employment in the Performance Period through the date of employment termination, and the denominator of which is the
number of days in the Performance Period. In the case of a Participant’s Disability, the employment termination shall be deemed to have occurred as of the date that the Administrator determines was the date on which the definition of Disability
was satisfied. The Final Award thus determined shall be paid at the same time as Final Awards are paid for active employees following the end of the Performance Period in which employment termination occurs, but in no event shall such amount be paid
later than the 15th day of the third month after the end of the taxable year of the Participant in which the Performance Period ended. 

6.2. Termination of Employment for Other Reasons. In the event of a Participant’s Termination of Employment before the date a Final Award,
if any, is paid for any reason other than Retirement, death, Disability or in connection with a Change of Control, all of the Participant’s rights to any Final Award for that Performance Period shall be forfeited unless otherwise determined by
the Administrator in its sole discretion. 
  

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 6.3. Effect of a Change of Control. In the
event of a Change of Control, all Participants shall become vested in and entitled to a Final Award calculated based on their individual target incentive awards prorated based on the number of days elapsed in the Performance Period as of the Change
in Control over the total days in the Performance Period, or some similar method adopted by the Committee that results in a ratable reduction of the Cash Award based on the partial Performance Period. The amount so calculated shall be the minimum
amount payable as a Final Award for each Performance Period in which the Change of Control occurs. The Final Award thus determined shall be paid on the last regular business day occurring on or before the 30th day following the Change of Control, but in no event shall such amount be paid later than the 15th day of the third month after the end of the taxable year of the Participant in which the Change of Control occurred. 
 6.4. Other Forfeiture Events. The Administrator may, in its discretion, require that all or any portion of a Final Award is subject to an obligation of repayment to the Company upon the violation of a
non-competition and confidentiality covenant applicable to the Participant. The Administrator may, in its discretion, also require repayment to the Company of all or any portion of a Final Award if the amount of the Final Award was calculated based
upon the achievement of certain financial results that were subsequently the subject of a restatement of the Company’s financial statements, the Participant engaged in misconduct that caused or contributed to the need for the restatement of the
financial statements, and the amount of the Final Award would have been lower than the amount actually awarded to the Participant had the financial results been properly reported. This Section 6.4 shall not be the Company’s exclusive
remedy with respect to such matters. This Section 6.4 shall not apply after a Change of Control. 
 Article 7. Nontransferability 
 No right or interest of any Participant in the Program shall be assignable or transferable, other than by will or pursuant to the laws of descent and
distribution, or subject to any lien, directly, by operation of law or otherwise, including, but not limited to, by execution, levy, garnishment, attachment, pledge, or bankruptcy. 
 Article 8. Administration 
 8.1. General. The Program shall be administered in accordance with
Section 4 of the 2005 LTIP. 
 8.2. Facility of Payment. If the Administrator deems any person entitled to receive any amount
under the provisions of the Program to be incapable of receiving or disbursing the same by reason of minority, illness or infirmity, mental incompetence, or incapacity of any kind, the Administrator may, in its sole discretion, (i) apply such
amount directly for the comfort, support and maintenance of such person; (ii) reimburse any person for any such support theretofore supplied to the person entitled to receive any such payment; (iii) pay such amount to any person selected
by the Administrator to disburse it for such comfort, support and maintenance, including without limitation, any relative who has undertaken, wholly or partially, 

  

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the expense of such person’s comfort, care and maintenance, or any institution in whose care or custody the person entitled to the amount may be; or
(iv) with respect to any amount due to a minor, deposit such amount to his or her credit in any savings or commercial bank of the Administrator’s choice, direct that such distribution be paid to the legal guardian, or if none, to a parent
of such person or a responsible adult with whom the minor maintains his or her residence, or to the custodian for such person under the Uniform Gift to Minors Act or Gift to Minors Act, if such payment is permitted by the laws of the state in which
the minor resides. Payment pursuant to this Section 8.2 shall fully discharge the Company, the Board, the Committee, and the Program from further liability on account thereof. 
 Article 9. Amendment or Termination 
 The Administrator, without notice, at any time and from time to
time, may modify or amend, in whole or in part, any or all of the provisions of the Program, or suspend or terminate it entirely, in accordance with the provisions of the 2005 LTIP. No Cash Award may be granted during any period of suspension of the
Program or after termination of the Program, and in no event may any new Cash Award be granted after the termination or expiration of the 2005 LTIP under which this Program is established. Any outstanding Cash Award granted before the date of
termination of the Program, and the rights of any Participant with respect to such an outstanding Cash Award, will continue in full force and effect notwithstanding the termination of the Program for any reason. 
 Article 10. Miscellaneous 
 Titles are provided herein
for convenience only and are not to serve as a basis for interpretation or construction of the Program. Any reference to a section (other than to a section of the Program) shall also include a successor to such section. The Program is governed by
the 2005 LTIP and shall be construed in accordance therewith. In the event any term or provision of the Program conflicts with any term or provision of the 2005 LTIP, the terms and provisions of the 2005 LTIP shall control. 
  

			
	CARDINAL HEALTH, INC.
		
	By:	 	 /s/ Carole S. Watkins

	Title:	 	 CHRO

  

 6Form of Nonqualified Stock Option Agreement

 Exhibit 10.2 
 CARDINAL HEALTH, INC. 
 NONQUALIFIED STOCK OPTION AGREEMENT 
 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 [employee 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 under the Cardinal Health, Inc. 2005 Long-Term Incentive Plan, as amended (the “Plan”), and will include and be subject to all provisions of the Plan, which are incorporated herein by reference, and will be subject
to the provisions of this agreement. Capitalized terms used in this agreement which are not specifically defined will have the meanings ascribed to such terms in the Plan. This Option shall vest and become exercisable [CLIFF ALTERNATIVE: on [vesting
date]] [INSTALLMENT ALTERNATIVE: in accordance with the following schedule: [vesting schedule] (each, the “Vesting Date” with respect to the portion of the Option scheduled to vest on such date), subject [INSTALLMENT ALTERNATIVE: in each
case] to the provisions of this agreement, including those relating to the Awardee’s continued employment with the Company and its Affiliates (collectively, the “Cardinal Group”). Notwithstanding the foregoing, in the event of a
Change of Control prior to Awardee’s Termination of Employment, 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 of 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 will: 
 (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 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 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 Administrator, 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 Participant for more than six months on the date of surrender (unless this condition is waived by the Administrator), 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 Administrator; or 

 (v) any combination of the foregoing methods of payment. 
 2. Transferability. The Option shall be transferable (I) at Awardee’s death, by Awardee by will or pursuant to the laws of descent and
distribution, and (II) by Awardee during 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 Awardee, or any other persons sharing Awardee’s household (other than tenants or employees) (collectively, “Family Members”), (b) a trust or trusts for the primary benefit of
Awardee or such Family Members, (c) a foundation in which Awardee or such Family Members control the management of assets, or (d) a partnership in which 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 Administrator 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 50% of the voting interests are owned by Awardee or Family Members in
exchange for an interest in that entity shall be considered to be a transfer for consideration. Within 10 days of any transfer, Awardee shall notify the Compensation and Benefits department of the Company 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 a Termination of Employment of Awardee 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 Company shall have no obligation to notify any transferee of Awardee’s Termination of Employment with the Cardinal Group for any reason. 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 Awardee to the same extent as would have been the case of Awardee had the Option not been transferred. Awardee shall remain subject to the recoupment provisions of paragraphs 5 and 6 of this agreement and tax withholding provisions
of Section 29 of the Plan following transfer of the Option. 
 3. Termination of Employment. 
 (a) Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the
vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be
exercised by the Awardee, 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 from the date of such death or Disability until the Grant Expiration Date.

 (b) Termination of Employment by Reason of Retirement. If a Termination of Employment occurs by reason of Retirement prior to the
vesting in full of the Option, but at least six (6) months from the Grant Date, then a Ratable Portion of each installment of the Option that would have vested on each future Vesting Date shall immediately vest and become exercisable. Such
Ratable Portion shall, with respect to the applicable installment, be an amount equal to such installment of the Option scheduled to vest on the applicable Vesting Date multiplied by a fraction, the numerator of which shall be the number of days
from the Grant Date through the date of such termination, and the denominator of which shall be 

  

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the number of days from the Grant Date through such Vesting Date. The Option, to the extent vested, may be exercised by Awardee (or any transferee, if
applicable) until the Grant Expiration Date. If Awardee dies after Retirement, but before the Grant Expiration Date, the Option, to the extent vested, may be exercised by any transferee of the Option, if applicable, or by the legal representative of
the estate or by the legatee of Awardee under the will of Awardee from and after such death until the Grant Expiration Date. For purposes of this Agreement and this Award under the Plan, “Retirement” shall refer to Age 55 Retirement, which
means Termination of Employment by a Participant (other than by reason of death or Disability and other than in the event of Termination for Cause) from the Company and its Affiliates (a) after attaining age fifty-five (55), and (b) having
at least ten (10) years of continuous service with the Company and its Affiliates, including service with an Affiliate of the Company prior to the time that such Affiliate became an Affiliate of the Company. For purposes of the age and/or
service requirement, the Administrator may, in its discretion, credit a Participant with additional age and/or years of service. 
 (c)
Other Termination of Employment. If a Termination of Employment occurs by any reason other than death, Retirement or Disability (each at least six (6) months from Grant Date), any unexercised portion of the Option which has not vested on
such date of Termination of Employment will automatically be forfeited. Subject to Section 16(b)(ii) of the Plan, Awardee (or any transferee, if applicable) will have 90 days from the date of Termination of Employment or until the Grant
Expiration Date, whichever period is shorter, to exercise any portion of the Option that is vested and exercisable on the date of Termination of Employment; provided, however, that if the Termination of Employment was a Termination for Cause, as
determined by the Administrator, the Option may be immediately canceled by the Administrator (whether then held by Awardee or any transferee). 
 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 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 or any employment or severance agreement
between the Cardinal Group and Awardee) reasonably requested by the Company. The Option shall not be exercisable if such exercise would involve a violation of any Applicable Law. 
 5. Triggering Conduct/Competitor Triggering Conduct. As used in this agreement, “Triggering Conduct” shall include the following:
disclosing or using in any capacity other than as necessary in the performance of duties assigned by the Cardinal Group any confidential information, trade secrets or other business sensitive information or material concerning the Cardinal Group;
violation of Company policies, including conduct which would constitute a breach of any of the Certificates of Compliance with Company Policies and/or the Certificates of Compliance with Company Business Ethics Policies signed by Awardee; 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 the Cardinal Group at any time within the 12 months prior to Awardee’s Termination of Employment; any action by Awardee and/or his or her 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 breaching any provision of any employment or
severance agreement with a member of the Cardinal Group. As used in this agreement, “Competitor Triggering Conduct” shall include, either during Awardee’s employment or within one year following Awardee’s Termination of
Employment, accepting employment with, or serving as a consultant or advisor or in 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 

  

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Awardee has been introduced to trade secrets, confidential information or business sensitive information during Awardee’s employment with the Cardinal
Group 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. 
 6. Special Forfeiture/Repayment Rules. For so long as Awardee continues as an employee with the Cardinal Group and for three years following
Termination of Employment 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: 
 (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) Awardee shall, within 30 days following written notice from the Company, pay the Company an amount equal to the gross option gain realized or obtained by 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 Employment, but including any period between the time of Termination of Employment and engagement in Competitor Triggering Conduct. Awardee may be released
from Awardee’s obligations under this paragraph 6 if and only if the Administrator (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. This paragraph 6 does, however, 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, Awardee’s acceptance of employment with a Competitor. Awardee agrees to provide the Company with at least 10 days written notice prior to directly or
indirectly accepting employment with or serving as a consultant or 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 Awardee’s
continuing obligations contained herein. No provisions 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 of the Certificates of
Compliance with Company Policies and/or the Certificates of Compliance with Company Business Ethics Policies; 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 restrictions contained
in this agreement are being made for the benefit of the Company in consideration of Awardee’s receipt of the Option, in consideration of employment, 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
paragraphs 5 and 6 are ancillary to, or part of, an otherwise enforceable agreement at the time the agreement is made. 
  

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 7. Right of Set-Off. By accepting this Option, 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 wages, severance payments or other fringe benefits) to the extent of the amounts owed to the
Cardinal Group by Awardee under this agreement. 
 8. Withholding Tax. 
 (a) Generally. Awardee is liable and responsible for all taxes owed in connection with the exercise of the Option, regardless of any action the
Company takes with respect to any tax withholding obligations that arise in connection with the Option. The Company does not make any representation or undertaking regarding the tax treatment or the treatment of any tax withholding in connection
with the exercise of the Option. The Company does not commit and is under no obligation to structure the Option or the exercise of the Option to reduce or eliminate Awardee’s tax liability. 
 (b) Payment of Withholding Taxes. Concurrently with the payment of the exercise price pursuant to paragraph 1 hereof, Awardee is required to
arrange for the satisfaction of the minimum amount of any domestic or foreign tax withholding obligation, whether national, federal, state or local, including any employment tax obligation (the “Tax Withholding Obligation”) in a manner
acceptable to the Company. Any manner provided for in subparagraph 1(b) hereof shall be deemed an acceptable manner to satisfy the Tax Withholding Obligation unless otherwise determined by the Company. 
 9. Holding Period Requirement. If Awardee is classified as an “officer” of the Company within the meaning of Rule 16a-1(f) under the
Securities Exchange Act of 1934, as amended, on the Grant Date, then, 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 Employment). “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, employment or other tax and other similar fees that are withheld in connection with the exercise.

 10. 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 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 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 Cardinal Group 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 any other rights and remedies afforded the Cardinal Group hereunder or by law. In the event that it becomes necessary for the 

  

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Cardinal Group 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. 
 11. Action by the Administrator. The parties agree that the interpretation of this agreement shall rest exclusively and completely within the sole discretion of the Administrator. The parties
agree to be bound by the decisions of the Administrator with regard to the interpretation of this agreement and with regard to any and all matters set forth in this agreement. The Administrator may delegate its functions under this agreement to an
officer of the Cardinal Group designated by the Administrator (hereinafter the “designee”). In fulfilling its responsibilities hereunder, the Administrator or its designee may rely upon documents, written statements of the parties or such
other material as the Administrator or its designee deems appropriate. The parties agree that there is no right to be heard or to appear before the Administrator or its designee and that any decision of the Administrator 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. 
 12. Prompt Acceptance of Agreement. The Option grant evidenced by this agreement shall, at the discretion of the Administrator, be forfeited if
this agreement is not manually executed and returned to the Company, or electronically executed by Awardee by indicating Awardee’s acceptance of this agreement in accordance with the acceptance procedures set forth on the Company’s
third-party equity plan administrator’s web site, within 90 days of the Grant Date. 
 13. 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. 
 14. Notices. All notices,
requests, consents and other communications required or provided under this agreement to be delivered by Awardee to the Company will be in writing and will be deemed sufficient if delivered by hand, facsimile, nationally recognized overnight
courier, or certified or registered mail, return receipt requested, postage prepaid, and will 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 will 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 will be effective upon delivery to the Awardee. 
  

 6 

			
	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]

  

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