Document:

Form of Director Offer Letter

 Exhibit 10.53 
  

							
		  		  		  	 3750 Torrey View Court
 San Diego, CA 92130

858.617.2000
 858.617.2900 (fax)
  
 

  

					
	

	  		  	

 8/19/2009 
 Director

 Title 
 Address 1 
 Address 2 
 Dear Director: 
 We would like to take the opportunity following the spin-off from Cardinal Health to confirm your compensation package for the fiscal year ending June 30, 2010.
Enclosed is important information about director compensation at CareFusion Corporation (the “Company”). The details of your individual compensation arrangement are outlined below. 
 Cash 
 For FY10, the cash component of the director compensation
package includes an annual cash retainer of $75,000 plus an additional retainer for service as a Committee Chair, if applicable. Your FY10 cash compensation is broken out as follows: 
  

								
	 Pay Element
	  	Amount	  	 	  	 
	 Annual Retainer
	  	$	75,000	  		  	
	 Audit Committee Chair Retainer
	  	$	18,000	  	}	  	Customize
 letter as
 appropriate

	 Compensation Committee Chair Retainer
	  	$	10,000	  	  
	 Governance Committee Chair Retainer
	  	$	10,000	  	  
	 Presiding Director
	  	$	10,000	  	  
		  	 	 	  	  
	 FY10 Total Cash
	  	$	            	  		  	
		  	 	 	  		  	

 Cash amounts will be paid on a quarterly basis on the date of the Board of Directors meeting. For FY10, the first
cash payments will be made at the time of the full Board meeting scheduled for September 24-25. 
 Pre-spin Service Payment 
 In recognition of the significant work performed during the pre-spin period, including attending ad-hoc meetings and learning sessions, there will be an additional cash
payment of $20,000 to be paid concurrently with the first quarter FY10 cash retainer. 

 Equity 
 For FY10, the
equity component of the director compensation package consists of an annual restricted stock unit (RSU) award with a grant date value of $125,000. In addition, there will be a one-time inaugural RSU award with a grant date value of $160,000 upon
election to the Board. 
  

				
	 Pay Element
	  	Grant Value
	 Annual Restricted Stock Award
	  	$	125,000
	 One-Time Restricted Stock Award
	  	$	160,000
		  	 	 
	 FY10 Total Equity
	  	$	285,000
		  	 	 

 Generally, RSUs will be granted annually on the date of the annual meeting of stockholders, and vest in full on
the first anniversary of the grant date. For FY10, the grant will occur on             . All directors must meet a stock ownership guideline of 3 times the annual RSU award (excluding the
one-time inaugural RSU award). Directors will have 3 years to achieve the guideline on a net after-tax basis. 
 Deferral Election 
 You will have the option of deferring all or a portion of the cash and equity components of your annual retainer into the CareFusion Deferred Compensation Plan. The
Interim Service Payment is not eligible for deferral into the Plan. Enclosed is important information about the Plan, including investment options and election forms for choosing how payments from the Plan will be made to you. Please return signed
copies of the separate cash and equity election forms by             . 
             , you may have some follow-up questions once you have had the opportunity to review the details of the director compensation package. If you have any questions, please
feel free to call Cathy Cooney or me. 
 Sincerely, 
  
 Joan Stafslien 
 EVP, General Counsel 
 Enclosures 
  

	cc:	David Schlotterbeck 

 Cathy CooneyForm of Nonqualified Stock Option Agreement

 Exhibit 10.59 
 

 
 CAREFUSION CORPORATION 
 NONQUALIFIED STOCK OPTION AGREEMENT 
 On [date of grant] (the “Grant Date”), CareFusion
Corporation, a Delaware corporation (the “Company”), has awarded to [employee name] (“Awardee”), an option (the “Option”) to purchase [# of shares] shares of common stock, par value $0.01 per share, of the Company (the
“Shares”) for a price of [$X.XX] per share. The Option has been granted under the CareFusion Corporation 2009 Long-Term Incentive Plan (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 Nonqualified Stock Option Agreement (this “Agreement”). Capitalized terms used in this Agreement which are not specifically defined will have the meanings
ascribed to such terms in the Plan. [CLIFF ALTERNATIVE: This Option shall vest and become exercisable on the [            ] anniversary of the Grant Date (the “Vesting Date”),
subject to the provisions of this Agreement, including those relating to the Awardee’s continued employment with the Company and its Affiliates (collectively, the “CareFusion Group”).] [INSTALLMENT ALTERNATIVE: This Option shall vest
and become exercisable in [            ] installments, which shall be as nearly equal as possible, on the first [            ]
anniversaries of the Grant Date (each a “Vesting Date” with respect to the portion of the Option scheduled to vest on such date), subject 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 “CareFusion Group”).] This Option shall expire on [expiration date] (the “Grant Expiration Date”). In the event of a Change of Control prior to
Awardee’s Termination of Employment, the Option shall vest in full and be fully exerciseable as discussed in Section 3(c) of this Agreement. 
 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 CareFusion 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. 
  

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 3. Termination of Employment; Retirement. 
 (a) Termination of Employment by Reason of Death or Disability. If a Termination of Employment of Awardee 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) Retirement. If, prior to the vesting in full of the Option, but at least six
(6) months from the Grant Date, Awardee becomes Retirement Eligible, then any unvested portion of the Option shall vest upon Awardee’s becoming Retirement Eligible. An Option that vests upon Awardee’s becoming Retirement Eligible
shall become exercisable by Awardee (or any transferee, if applicable) [on the applicable Vesting Date(s) in the portions set forth on the vesting schedule provided in the preamble to this Agreement, and such portions of the vested Option that
become exercisable shall remain exercisable until the Grant Expiration Date] 1.
If Awardee dies after becoming Retirement Eligible, but before the Grant Expiration Date, the Option 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 Eligible” shall mean Awardee’s
(i) attaining age fifty-five (55), and (i) having at least ten (10) years of continuous service with the Company or Cardinal Health, Inc. and their Affiliates, including service with an Affiliate of the Company or Cardinal Health,
Inc. prior to the time that such Affiliate became an Affiliate of the Company or Cardinal Health, Inc. 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 of Awardee occurs by any reason other
than Awardee’s death, becoming Retirement Eligible 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. 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 shall be immediately canceled by the Administrator (whether then held by
Awardee or any transferee); provided, further, that in the event of an Awardee’s Termination of Employment within two (2) years after a Change of Control for 
  
  

	1
	 This assumes installment vesting. For cliff vesting, use: “on the Vesting Date, and such Option shall remain exercisable until the Grant Expiration Date.”

  

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 any reason other than because of the Awardee’s death, becoming Retirement Eligible, Disability or Termination for
Cause, this Option shall, following such Termination of Employment, remain exercisable until the earlier of the third anniversary of such Termination of Employment or the expiration of its original term. 
 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 CareFusion 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 CareFusion Group any confidential information, trade secrets or other business sensitive information or material
concerning the CareFusion Group; violation of Company policies, including but not limited to conduct which would constitute a breach of any certificate of compliance or similar attestation/certification signed by Awardee; 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 CareFusion 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 CareFusion 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 CareFusion 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 CareFusion Group (a “Competitor”), including, but not limited
to, employment or another business relationship with any Competitor if Awardee has been introduced to trade secrets, confidential information or business sensitive information during Awardee’s employment with the CareFusion 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 CareFusion 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 
  

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 (b) Awardee shall, within 30 days following written notice from the Company, pay the to Company an amount
equal to (x) 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”), (y) minus $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)
authorizes, in writing and in its sole discretion, such release. 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
CareFusion 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 certificate of compliance or similar attestation/certification signed by Awardee; provided, however, that to the extent that any provisions contained in any other Agreement are
inconsistent in any manner with the restrictions and covenants of Awardee contained in this Agreement, the provisions of this Agreement shall take precedence and such other inconsistent provisions shall be null and void. Awardee acknowledges and
agrees that the 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. 
 7. Right of Set-Off. By accepting this Option, Awardee consents to a deduction from, and set-off against, any amounts owed to Awardee that are not
treated as “non-qualified deferred compensation” under Section 409A of the Code by any member of the 

  

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CareFusion 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 CareFusion 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, including withholding such amounts in cash from the Awardee’s wages or other payments due to the Awardee at any time, or, in lieu thereof, to retain, or sell without notice, a number of Shares sufficient to cover the
Tax Withholding Obligation. The value of any Shares retained for such purposes shall be based on the Fair Market Value, as the term is defined in the Plan, of the Shares on the date of exercise of the Option. To the extent that the Company or its
Affiliate withholds any amounts in Shares to cover the Tax Withholding Obligation, it will do so at the minimum statutory rate. Should the Company or the Affiliate withhold any amounts in cash or retains any Shares in excess of Awardee’s actual
Tax Withholding Obligation, the Company and/or Awardee’s employer will refund the excess amount to the Awardee, with any fractional Share being repaid in cash, within a reasonable period and without any interest. The Awardee authorizes the
Company or the Affiliate, or their agents (including, without limitations, any broker or bank) to withhold cash or Shares as appropriate. Awardee agrees to pay the Company and/or the Affiliate employing Awardee any amount of the Tax Withholding
Obligation that is not satisfied by the means described herein. 
 If any of the foregoing methods of collection are not allowed under
Applicable Law or if Awardee fails to comply with his or her obligations in connection with the Tax Withholding Obligation as described in this section, the Company may refuse to honor the exercise and refuse to deliver the Shares. 
 Awardee is liable and responsible for all taxes and social security owed in connection with 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 and social security treatment or the treatment of any 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. 
  

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 9. Governing Law/Venue for Dispute Resolution/Costs and Legal Fees. This Agreement shall be
governed by the laws of the State of Delaware, 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 Delaware
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 Delaware. In addition, all legal actions
or proceedings relating to this Agreement shall be brought exclusively in state or federal courts located in the State of Delaware 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 CareFusion 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 CareFusion Group hereunder or by law. In the event that it becomes necessary for the CareFusion 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. 
 10. 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 CareFusion 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. 
 11. 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 

  

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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. 
 12. 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. 
 13. 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: 
 CareFusion Corporation 
 3750 Torrey View Court 
 San Diego, CA 92130 
 Attention: General Counsel 
 Facsimile: 858-617-2300 
 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. 
 14. Employment Agreement, Offer Letter or Other Arrangement. To the extent a written employment Agreement, offer letter or other arrangement (“Employment Arrangement”) that was approved by the Human
Resources and Compensation Committee or the Board of Directors or that was approved in writing by an officer of the Company pursuant to delegated authority of the Human Resources and Compensation Committee provides for greater benefits to Awardee
with respect to (i) vesting of the Option on Termination of Employment by reason of specified events or (ii) exercisability of the Option following Termination of Employment, than provided in this Agreement or in the Plan, then the terms
of such Employment Arrangement with respect to vesting of the Option on Termination of Employment by reason of such specified events or exercisability of the Option following Termination of Employment shall supersede the terms hereof to the extent
permitted by the terms of the Plan. 
  

			
	 CAREFUSION CORPORATION

		
	 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; (c) acknowledges previously accepting, and voluntarily and knowingly
accepts, the terms of the equity awards of the Company and/or Cardinal Health, Inc. that Awardee received in connection with the spin-off of the Company from Cardinal Health, Inc., subject to all the provisions of the applicable equity incentive
plan(s) under which the award(s) was granted; and (d) 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 stockholders and other communications routinely distributed to the Company’s stockholders and a copy of the Plan
Prospectus dated [date of Plan Prospectus] pertaining to the Plan. 
  

	
	  

	 Awardee’s Signature

	
	  

	 Date

  

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