Document:

Purchase Agreement with John J. Fisher dated November 17, 2009.

 Exhibit 10.2 
 STOCK PURCHASE AGREEMENT 
 STOCK PURCHASE AGREEMENT
dated as of November 17, 2009 among The Gap, Inc., a Delaware corporation (the “Company”), John J. Fisher (“Fisher” and, together with any revocable family trust through which Fisher beneficially owns common
stock of the Company, “Seller”). 
 WITNESSETH: 
 WHEREAS, the Company is authorized to purchase from time to time its Shares (as defined below) pursuant to a share repurchase program
authorized by the Board of Directors of the Company on November 17, 2009; and 
 WHEREAS, Fisher is the direct beneficial
owner of 16,823,553 Shares (as defined below) of the Company as of the date hereof, representing approximately 2.42% of the outstanding Shares of the Company; and 
 WHEREAS in consideration of the above recitals and of the mutual agreements and covenants contained in this Agreement, the Company and the Sellers intending to be bound legally, each agree as follows:

 ARTICLE 1 
 Definitions 
 Section 1.1. Definitions. (a) The following terms, as used herein, have the following
meanings: 
 “AFR” means, for any Business Day, the monthly short-term applicable federal rate, based on a
monthly compounding period, published by the Internal Revenue Service for the Applicable Month in which such Business Day occurs. 
 “AFR Carry Amount” means, for any period, an amount determined at the end of each period that is the sum of all Daily AFR Carry Amounts for such period. 
 “Average Price” means, for any Applicable Month, the weighted average price, rounded to four decimal points, at which the
Company purchased Shares during the Applicable Month pursuant to the Program in open market purchases, calculated as (a) the total purchase price paid by the Company (excluding commissions) for Shares purchased pursuant to the Program in open
market purchases during such Applicable Month divided by (b) the total number of Shares purchased by the Company pursuant to the Program in open market purchases during such Applicable Month; provided that if the Agreement has been terminated
in accordance with Section 7.1, the Average Price for any Closing thereafter shall be calculated only through the day immediately prior to the termination date of the Agreement. For the avoidance of doubt, Shares acquired in “open market
purchases” shall not include the Acquired Shares. 
  

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 “Business Day” means (a) for purposes of determining the date of a
Closing or Closing Notice, a day on which banks are not required or authorized by law to close in New York City and (b) for all other purposes under this Agreement, a day on which the New York Stock Exchange is open for trading. 
 “Daily AFR Carry Amount” means, for each day, an amount determined at the end of each period equal to the product of
(a) the cumulative month-to-date Implied Daily Settlement Proceeds and (b) AFR divided by 360; provided that if such day is not a Business Day, the Daily AFR Carry Amount for such day shall be equal to the product of (a) the
cumulative month-to-date Implied Daily Settlement Proceeds through the most recent Business Day of such Applicable Month and (b) AFR in effect as of the most recent Business Day divided by 360; and provided, further, that for any day after the
last Business Day of such Applicable Month and prior to the date of Closing with respect to such Applicable Month, the Daily AFR Carry Amount for such day shall be equal to the product of (a) the cumulative month-to-date Implied Daily
Settlement Proceeds as of the most recent Business Day and (b) AFR in effect as of the last Business Day of the Applicable Month divided by 360. 
 “Daily Average Price” means, for any day, the weighted average price at which the Company purchased Shares during the applicable day pursuant to the Program in open market purchases,
calculated as (a) the total purchase price paid by the Company (excluding commissions) for Shares purchased pursuant to the Program in open market purchases during such day divided by (b) the total number of Shares purchased by the Company
pursuant to the Program in open market purchases during such day. 
 “Dividend Adjusted Average Price” means,
on any day of an Applicable Month on which all of the following conditions are met: (a) the day is after the public announcement of the dividend, (b) the day precedes an Ex-Dividend Date that occurs during such Applicable Month, and
(c) the record date for the shareholders of record entitled to receive such dividend will occur on or before the Closing for such Applicable Month, then Dividend Adjusted Average Price of the Acquired Shares for such day shall be calculated as
(i) the Daily Average Price for such day minus (ii) the amount of the dividend per Share which has been declared in respect of the Acquired Shares. 
 “Ex-Dividend Date” means the date that is two trading days prior to the record date which has been established in connection with the declaration of a dividend in respect of the Acquired
Shares or such other date as may be established with respect to the Shares as an “ex-dividend” date by the New York Stock Exchange. 
 “Implied Daily Acquired Shares” means, for each Business Day of an Applicable Month, the number of Acquired Shares which were attributable to such day’s trading as determined by
reference to the number of Shares purchased by the Company pursuant to the Program (other than Acquired Shares) on such Business Day as a percent of the Company’s total purchases pursuant to the Program (other than Acquired Shares) during each
Applicable Month determined after the close of trading on the last Business

  

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Day of each Applicable Month and prior to the delivery of the Closing Notice relating to the Closing for each Applicable Month. Implied Daily Acquired Shares may result in fractional shares.

 “Implied Daily Settlement Proceeds” means, for each Business Day of an Applicable Month, the product of
(a) the number of Implied Daily Acquired Shares which were deemed to have been acquired on the day that was three trading days prior to such Business Day and (b) the Daily Average Price or Dividend Adjusted Average Price, if applicable,
for such prior day. 
 “Lien” means, with respect to any property or asset, any mortgage, lien, pledge, charge,
security interest or other encumbrance of any kind in respect of such property or asset. 
 “Person” means an
individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “Program” means the share repurchase program approved on November 17, 2009 authorizing the Company to purchase from
time to time Shares up to a maximum aggregate amount (including existing authority) of $500 million. 
 “Seller
Ownership Percentage” means 2.42%, which represents a percentage equal to (a) the number of Shares directly owned by such Seller as of the date hereof, divided by (b) 695,134,510 shares, which represent the Company’s total
outstanding basic Shares as of October 31, 2009, multiplied by 100. 
 “Shares” means the common stock of
the Company. 
 (b) For purposes of the definitions of “Average Price,” “Daily Average Price” and
“Implied Daily Acquired Shares”, Shares purchased by the Company pursuant to the Program shall be deemed to have been purchased on the trade date with respect to such Shares and not the day on which such trade settles. 
 (c) Each of the following terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	 Section

	 Acquired Shares
	  	2.1
	 Applicable Month
	  	2.1
	 Closing
	  	2.3
	 Closing Notice
	  	2.3
	 Governmental Authority
	  	3.2
	 Purchase Price
	  	2.2

  

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 ARTICLE 2 
 Purchase and Sale 
 Section 2.1. Purchase and Sale. Upon the terms and
subject to the conditions of this Agreement, Fisher agrees to sell, transfer, assign and deliver to the Company, and the Company agrees to purchase from Seller, with respect to each calendar month in which the Company purchases Shares pursuant to
the Program (the “Applicable Month”), a number of Shares at each Closing calculated in accordance with Annex A hereto (the Shares acquired from Seller, the “Acquired Shares”). In the event that the Agreement is
terminated pursuant to Section 7.1, the day immediately prior to the termination date will be deemed to be the last day of the Applicable Month. 
 Section 2.2. Purchase Price. The aggregate purchase price for the Acquired Shares at each Closing (the “Purchase Price”) shall be equal to the product of (i) the
aggregate number of Acquired Shares to be purchased at such Closing multiplied by (ii) the Average Price for the Applicable Month. An interest factor shall be paid along with the Purchase Price for the Acquired Shares equal to the AFR
Carry Amount. The Purchase Price shall also include an adjustment to the Average Price of the Acquired Shares, if necessary, to take into account the effect of any dividends or similar distributions relating to the Acquired Shares to be settled for
the Applicable Month in the same manner and under the same conditions as provided for in the definition of “Dividend Adjusted Average Price”. The Purchase Price and the AFR Carry Amount shall be paid as provided in Section 2.3.

 Section 2.3. Closing. Within five Business Days after the end of each Applicable Month, the Company shall deliver
to Fisher a notice (each, a “Closing Notice”) setting forth (i) the date of Closing, (ii) the number of Acquired Shares to be purchased by the Company from Seller pursuant to Section 2.1, (iii) the Purchase Price
and the AFR Carry Amount and (iv) the details of the calculation of the Purchase Price and the AFR Carry Amount, sufficient to allow Fisher to reproduce the calculation of the Purchase Price and the AFR Carry Amount. Subject to the satisfaction
or waiver by Fisher and the Company of the conditions set forth in Article 6, each closing of the purchase and sale of the Acquired Shares hereunder shall take place on the date set forth in the Closing Notice, which in any event shall be no later
than the tenth Business Day after the end of each month (each, a “Closing”) at the offices of the Company located at Two Folsom Street, San Francisco, California 94105, at 9:00 A.M., San Francisco time, or as soon as possible
thereafter. 
 At each Closing: 
 (a) The Company shall deliver to Seller the Purchase Price by wire transfer of same day or other immediately available funds in accordance with the payment instructions provided to the Company from time
to time by Fisher; and 
 (b) Fisher shall deliver to the Company certificates for the Acquired Shares duly endorsed or
accompanied by stock powers duly endorsed in blank, with any required

  

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transfer stamps affixed thereto; provided, if the Acquired Shares are not held by Seller in certificated form, Fisher shall arrange to the Company’s satisfaction to transfer such
shares in electronic form to a brokerage account designated in writing by the Company in the Closing Notice. 
 ARTICLE 3

 Representations and Warranties of Sellers 
 Fisher represents and warrants to the Company with respect to any Seller, as of the date hereof and as of the date of each Closing that: 
 Section 3.1. Due Authorization. The execution and delivery by Fisher, and the performance by each Seller, of this Agreement and
the consummation of the transactions contemplated hereby are within the powers, corporate or otherwise, of each Seller and have been duly authorized by all necessary action on the part of each Seller. This Agreement constitutes a valid and binding
agreement of Fisher enforceable against Fisher in accordance with its terms. 
 Section 3.2. Governmental
Authorization. The execution and delivery by Fisher, and the performance by each Seller, of this Agreement and the consummation of the transactions contemplated hereby require no prior action by or in respect of, or prior filing with, any
governmental organization, whether state or federal (“Governmental Authority”). 
 Section 3.3.
Noncontravention. The execution and delivery by Fisher, and the performance by each Seller, of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the organization documents of each
Seller, if applicable, (ii) assuming compliance with the matters referred to in Section 3.2, violate any applicable law, rule, regulation, judgment, injunction, order or decree (iii) require any consent or other action by any Person
under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation of any Seller under any provision of any agreement or other instrument binding upon any Seller, except with respect
to (ii) and (iii), where such violation, consent, action, default or right of termination, cancellation or acceleration would not adversely affect the ability of any Seller to perform its obligations under this Agreement or to consummate the
transactions contemplated hereby. 
 Section 3.4. Ownership of Shares. As of the time of each Closing hereunder,
Seller will be the beneficial owner of the Acquired Shares to be sold at such Closing, and will transfer and deliver to the Company at each Closing valid title to the Acquired Shares to be sold at such Closing free and clear of any Lien and any
other limitation or restriction (including any restriction on the right to sell or otherwise dispose of the Acquired Shares). 
  

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 ARTICLE 4 
 Representations and Warranties of the Company 
 The Company represents and
warrants to Fisher as of the date hereof and as of the date of each Closing that: 
 Section 4.1. Corporate Existence
and Power. The Company (i) is a corporation duly incorporated, validly existing and in good standing under the laws of Delaware and (ii) has all corporate powers and all material governmental licenses, authorizations, permits, consents
and approvals required to carry on its business as now conducted, except with respect to (ii), where the failure to have such corporate powers, governmental licenses, authorizations, permits, consents or approvals would not adversely affect the
ability of the Company to perform its obligations under this Agreement or to consummate the transactions contemplated hereby. 
 Section 4.2. Corporate Authorization. The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby are within the corporate powers of the Company and have
been duly authorized by all necessary corporate action on the part of the Company. This Agreement constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms. This Agreement has been approved
by a committee of the Board of Directors of the Company consisting solely of two or more non-employee directors. 
 Section 4.3. Governmental Authorization. The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby require no prior action by or in respect of, or prior
filing with, any Governmental Authority. 
 Section 4.4. Noncontravention. The execution, delivery and performance
by the Company of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of the Company, (ii) assuming compliance with the matters referred to
in Section 4.3, violate any applicable law, rule, regulation, judgment, injunction, order or decree, (iii) require any consent or other action by any Person under, constitute a default under, or give rise to any right of termination,
cancellation or acceleration of any right or obligation of the Company under any provision of any agreement or other instrument binding upon the Company, except with respect to (ii) and (iii), where such violation, consent, action, default or
right of termination, cancellation or acceleration would not adversely affect the ability of the Company to perform its obligations under this Agreement or to consummate the transactions contemplated hereby. 
  

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 ARTICLE 5 
 Covenants of the Company and Fisher 
 The Company and Fisher agree that:

 Section 5.1. Reasonable Commercial Efforts; Further Assurances. Subject to the terms and conditions of this
Agreement, the Company and Fisher will use their reasonable commercial efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under applicable laws and regulations to consummate the
transactions contemplated by this Agreement. 
 ARTICLE 6 
 Conditions To Closing 
 Section 6.1. Conditions to
Obligations of the Company and Fisher. The obligations of the Company and Fisher to consummate each Closing is subject to the satisfaction of the following conditions: 
 (a) No provision of any applicable law or regulation and no judgment, injunction, order or decree shall prohibit the consummation of any
Closing; and 
 (b) All actions by or in respect of or filings with any governmental body, agency, official or authority
required to permit the consummation of each Closing shall have been taken, made or obtained. 
 Section 6.2. Conditions
to Obligations of the Company. The obligation of the Company to consummate each Closing is subject to the satisfaction (or waiver by the Company) of the following conditions: 
 (a) Fisher shall have performed in all material respects all of his respective obligations hereunder required to be performed by him on or
prior to such Closing; and 
 (b) The representations and warranties of Fisher hereunder contained in this Agreement shall be
true in all material respects at and as of such Closing as if made at and as of such date. 
 Section 6.3. Conditions to
Obligation of Fisher. The obligation of Fisher to consummate each Closing is subject to the satisfaction (or waiver by Fisher) of the following conditions: 
 (a) The Company shall have performed in all material respects all of its obligations hereunder required to be performed by it at or prior to such Closing; and 
  

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 (b) The representations and warranties of the Company contained in this Agreement shall be
true in all material respects at and as of such Closing as if made at and as of such date. 
 ARTICLE 7 
 Termination 
 Section 7.1. Termination. This Agreement shall terminate: 
 (a) pursuant to the joint written agreement of
the Company and Fisher; or 
 (b) 15 Business Days after notice by Fisher, on the one hand, or the Company, on the other hand;
or 
 (c) pursuant to written notice by the Company, if a breach of or failure to perform any representation, warranty, covenant
or agreement on the part of Fisher set forth in this Agreement shall have occurred that would cause any of the conditions set forth in Sections 6.2(a) and 6.2(b) not to be satisfied, and any such condition is incapable of being satisfied by the next
Closing; or 
 (d) pursuant to written notice by Fisher, if a breach of or failure to perform any representation, warranty,
covenant or agreement on the part of the Company set forth in this Agreement shall have occurred that would cause any of the conditions set forth in Sections 6.3(a) and 6.3(b) not to be satisfied, and any such condition is incapable of being
satisfied by the next Closing; or 
 (e) pursuant to written notice by either Fisher or the Company if there shall be any law or
regulation that makes consummation of the transactions contemplated hereby illegal or otherwise prohibited or if consummation of the transactions contemplated hereby would violate any nonappealable final order, decree or judgment of any court or
governmental body having competent jurisdiction; or 
 (f) at the termination or completion of the Program; 
 provided that with respect to (a) and (b) above, such termination shall not affect the settlement of Acquired Shares in respect of any
purchases pursuant to the Program which have occurred or are deemed to have occurred prior to the effective date of the termination of this Agreement. 
 The party desiring to terminate this Agreement pursuant to clauses (b), (c), (d) or (e) above shall give written notice of such termination to the other party. 
  

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 ARTICLE 8 
 Miscellaneous 
 Section 8.1. Survival. The covenants, agreements,
representations and warranties of the parties hereto contained in this Agreement or in any certificate or other writing delivered pursuant hereto shall not survive the termination of this Agreement other than with respect to a Closing for Acquired
Shares which follows a termination of the Agreement pursuant to Sections 7.1(a) or (b); provided that the covenants, agreements, representations and warranties contained in Articles 3, 4 and 8 shall survive indefinitely; provided,
further, that nothing shall relieve any party for liability at any time with respect to any breach occurring prior to the termination of this Agreement. 
 Section 8.2. Notices. All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission) and shall be given, 
 if to the Company, to: 
 The Gap, Inc. 
 Two Folsom Street 
 San Francisco, CA 94105 
 Fax: (415) 427-6982 
 Attn: General Counsel 
 with a copy to: 
 Fax: (415) 427-4015 
 Attn: Treasury Department 
 if to Fisher, to: 
 One Maritime Plaza 
 Suite 1400 
 San Francisco, CA 94111 
 Fax: (415) 288-0549 
 Attn: John J. Fisher 
 All such notices, requests and other communications shall be deemed received on the date of
receipt by the recipient thereof if received prior to 5:00 P.M. in the place of receipt (as evidenced by confirmation of facsimile or other appropriate transmission receipt) and such day is a business day in San Francisco, California. Otherwise, any
such notice, request or communication shall be deemed not to have been received until the next succeeding business day in San Francisco, California. 
 Section 8.3. Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an
amendment, by both parties to this Agreement, or in the case of a waiver, by the party against whom the waiver is to be effective. The failure or delay by

  

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any party in exercising any right, power or privilege hereunder shall not operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 
 Section 8.4. Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such cost or expense. 
 Section 8.5. Successors and Assigns. The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that no party may assign or delegate any of its rights or obligations under this Agreement
without the consent of each other party hereto. 
 Section 8.6. Governing Law. This Agreement shall be governed by
and construed in accordance with the law of the State of California (without regard to principles of conflicts of laws). 
 Section 8.7. Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions
contemplated hereby shall be brought in a state or federal court located in San Francisco, California, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and each of the parties hereby
irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Process in any such suit,
action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in
Section 8.2 shall be deemed effective service of process on such party. 
 Section 8.8. WAIVER OF JURY TRIAL.
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 8.9. Counterparts; Third Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto.
No provision of this Agreement is intended to confer upon any Person other than the Company or Seller any rights or remedies hereunder. 
  

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 Section 8.10. Entire Agreement. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter of this Agreement. 
 Section 8.11. Captions. The captions herein are included for convenience of reference only and shall be ignored in the
construction or interpretation hereof. 
 [remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	THE GAP, INC.
		
	By:	 	 /s/ Sabrina Simmons

	Name:	 	Sabrina Simmons
	Title:	 	 Executive Vice President and
 Chief Financial Officer

	
	JOHN J. FISHER
	(on behalf of himself and on behalf of Sellers)
		
	By:	 	 /s/ John J. Fisher

	Name:	 	John J. Fisher

 [signature page to Stock Purchase Agreement] 
  

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 ANNEX A 
 ACQUIRED SHARES CALCULATION 
 The number of Acquired Shares to be purchased
from Seller at each Closing shall be equal to: 
 (a) the quotient of (1) the Seller Ownership Percentage divided by
(2) [1 minus the Seller Ownership Percentage] 
 multiplied by 
 (b) the number of Shares purchased by the Company pursuant to the Program (open market purchases and otherwise) with respect to the
Applicable Month (excluding any Acquired Shares) measured from the first Business Day of the Applicable Month through and including the last Business Day of the Applicable Month; 
 provided that such number of Acquired Shares for the Applicable Month shall be rounded to the nearest whole Acquired Share.

 For purposes of the Acquired Shares calculation, Shares purchased in the open market by the Company pursuant to the Program
shall be deemed to have been purchased on the trade date with respect to such Shares and not the day on which such trade settles. Shares purchased after the end of the Applicable Month that relate to the Applicable Month shall be deemed to have been
purchased during the Applicable Month. 
  

 A-1Change-in-Control Severance Agreement - Paul J. Diaz

 Exhibit 10.1 
 CHANGE-IN-CONTROL SEVERANCE AGREEMENT 
 THIS
CHANGE-IN-CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made as of November 13, 2009 (the “Effective Date”) by and between KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation, (the “Company”)
and PAUL J. DIAZ, (the “Employee”). 
 RECITALS: 
 A. The Employee is employed by the Company, a wholly owned subsidiary of Kindred Healthcare, Inc. (the “Parent”).

 B. The Company recognizes that the Employee’s contribution to the Company’s growth and success has been and
continues to be significant. 
 C. The Company wishes to encourage the Employee to remain with and devote full time and
attention to the business affairs of the Company and wishes to provide income protection to the Employee for a period of time in the event of a Change in Control. 
 D. The Company and the Employee voluntarily cancelled that certain change-in-control severance agreement, dated as of December 18, 2008, between the Company and the Employee in consideration
for entering into this Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 AGREEMENT: 
 1. Definitions. 
 a. “Base Salary” shall mean the Employee’s regular annual rate of base pay in gross as of the date in
question as elected under Paragraph 3(a). 
 b. “Cause” shall mean the Employee’s
(i) conviction of or plea of nolo contendere to a crime involving moral turpitude; or (ii) willful and material breach by Employee of his duties and responsibilities, which is committed in bad faith or without reasonable belief that
such breaching conduct is in the best interests of the Company, but with respect to (ii) only if the Board of Directors of Parent (the “Board”) adopts a resolution by a vote of at least 75% of its members so finding after giving the
Employee and his attorney an opportunity to be heard by the Board. 

 c. “Change in Control” The term “Change in Control”
shall mean any one of the following events occurring after the date of this Agreement: 
 (i) An acquisition (other than
directly from Parent) of any voting securities of Parent (the “Voting Securities”) by any “Person” (as defined in Paragraph 1(f) hereof) immediately after which such Person has “Beneficial Ownership” (within the meaning
of Rule 13d-3 under the Securities Exchange Act of 1934 (the “1934 Act”)) of 20% or more of the combined voting power of Parent’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control
has occurred, Voting Securities which are acquired in an acquisition by (i) Parent or any of its subsidiaries, (ii) an employee benefit plan (or a trust forming a part thereof) maintained by Parent or any of its subsidiaries or
(iii) any Person in connection with an acquisition referred to in the immediately preceding clauses (i) and (ii) shall not constitute an acquisition which would cause a Change in Control. 
 (ii) The individuals who, as of the Effective Date, constituted the Board of Directors of Parent (the “Incumbent Board”) cease
for any reason to constitute over 50% of the Board; provided, however, that if the election, or nomination for election by Parent’s stockholders, of any new director was approved by a vote of over 50% of the Incumbent Board, such new director
shall, for purposes of this Section 1(c)(ii), be considered as though such person were a member of the Incumbent Board; provided, further, however, that no individual shall be considered a member of the Incumbent Board if such individual
initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule 14a-11 promulgated under the 1934 Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board of Directors of Parent (a “Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest. 
 (iii) Consummation of a merger, consolidation or reorganization involving Parent, unless each of the following events occurs in connection
with such merger, consolidation or reorganization: 
 (A) the stockholders of Parent, immediately before such merger,
consolidation or reorganization, own, directly or indirectly immediately following such merger, consolidation or reorganization, over 50% of the combined voting power of all voting securities of the corporation resulting from such merger or
consolidation or reorganization (the “Surviving Company”) over which any Person has Beneficial Ownership in substantially the same proportion as their ownership of the Voting Securities immediately before such merger, consolidation or
reorganization; 
 (B) the individuals who were members of the Incumbent Board immediately prior to the execution of the
agreement providing for such merger, consolidation or reorganization constitute over 50% of the members of the board of directors of the Surviving Company; and 
  

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 (C) no Person (other than Parent, any of its subsidiaries, any employee benefit plan (or
any trust forming a part thereof) maintained by Parent, the Surviving Company or any Person who, immediately prior to such merger, consolidation or reorganization had Beneficial Ownership of 20% or more of the then outstanding Voting Securities) has
Beneficial Ownership of 20% or more of the combined voting power of the Surviving Company’s then outstanding voting securities. 
 (iv) Approval by Parent’s stockholders of a complete liquidation or dissolution of Parent. 
 (v) Approval by
Parent’s stockholders of an agreement for the sale or other disposition of all or substantially all of the assets of Parent to any Person (other than a transfer to a subsidiary of Parent). 
 (vi) Any other event that the Board shall determine constitutes an effective Change in Control of Parent. 
 (vii) Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject
Person”) acquired Beneficial Ownership of more than the permitted amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by Parent which, by reducing the number of Voting Securities outstanding,
increases the proportional number of shares Beneficially Owned by the Subject Person; provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of Voting Securities by Parent, and after
such share acquisition by Parent, the Subject Person becomes the Beneficial Owner of any additional Voting Securities which increases the percentage of the then outstanding Voting Securities Beneficially Owned by the Subject Person, then a Change in
Control shall occur. 
 d. “Change-in-Control Date” shall mean the date immediately prior to the
effectiveness of the Change in Control. 
 e. “Good Reason” The Employee shall have good reason
to terminate employment with the Company if (i) the Employee’s title, duties, responsibilities or authority is reduced or diminished from those in effect on the Change-in-Control Date without the Employee’s written consent;
(ii) the Employee’s compensation is reduced; (iii) the Employee’s benefits are reduced, other than pursuant to a uniform reduction applicable to all managers of the Company; or (iv) the Employee is asked to relocate his
office to a place more than 30 miles from his business office on the Change-in-Control Date. 
 f.
“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the 1934 Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d). 
 g. “Target Bonus” shall mean the Employee’s target annual short-term incentive bonus for the calendar
year in which the date in question occurs. 
  

 -3- 

 h. “Termination of Employment” shall mean (i) the
termination of the Employee’s employment by the Company other than such a termination in connection with an offer of immediate reemployment by a successor or assign of the Company or a purchaser of the Company or its assets under terms and
conditions which would not permit the Employee to terminate his employment for Good Reason; or (ii) the Employee’s termination of employment with the Company for Good Reason. 
 2. Term. The initial term of this Agreement shall be for a three-year period commencing on the Effective Date (the
“Term”). The Term shall be automatically extended by one additional day for each day beyond the Effective Date that the Employee remains employed by the Company until such time as the Company elects to cease such extension by giving
written notice of such election to the Employee. In such event, the Agreement shall terminate on the third anniversary of the effective date of such election notice. Notwithstanding the foregoing, this Agreement shall automatically terminate if and
when the Employee terminates his employment with the Company other than in connection with a Change-in-Control or two years after the Change-in-Control Date, whichever first occurs. 
 3. Severance Benefits. If at any time following a Change in Control and continuing for two years thereafter, the Company
terminates the Employee without Cause, or the Employee terminates employment with the Company for Good Reason, then as compensation for services previously rendered the Employee shall be entitled to the following benefits: 
 a. Cash Payment. The Employee shall be paid a cash severance payment equal to three times the greater of: 
 (i) the sum of the Employee’s Base Salary and Target Bonus as of the Termination of Employment, or 
 (ii) the sum of the Employee’s Base Salary and Target Bonus as of the Change-in-Control Date. 
 Payment shall be made in a single lump sum upon the effective date of Employee’s Termination of Employment. For purposes of clarification, the Employee
shall not be entitled to payment of an annual bonus (or pro-rated portion thereof) pursuant to the applicable short-term incentive plan of the Company for the year in which the Employee’s Termination of Employment occurs. Notwithstanding
anything herein to the contrary, if at the time of Employee’s separation from service Employee is a “specified employee” as defined in Section 409A of the Internal Revenue Code of 1986, as amended and the regulations promulgated
thereunder (the “Code”) and the deferral of the payment payable pursuant to this Section 3(a) is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the payment to which Employee
would otherwise be entitled during the first six months following his separation from service shall be deferred and accumulated (without any reduction in such payment ultimately paid to Employee) for a period of six months from the date of
separation from service and paid in a lump sum on the first day of the seventh month following such separation from service (or, if

  

 -4- 

 
earlier, the date of Employee’s death), together with interest during such period at a rate computed by adding 2.00% to the Prime Rate as published in the Money Rates section of the Wall
Street Journal, or other equivalent publication if the Wall Street Journal no longer publishes such information, on the first publication date of the Wall Street Journal or equivalent publication after the date of Employee’s separation from
service (provided that if more than one such Prime Rate is published on any given day, the highest of such published rates shall be used). 
 b. Continuation of Benefits. 
 (i) For a period of three years
following the Termination of Employment (the “Benefit Continuation Period”), the Employee shall be treated as if he had continued to be an executive for all purposes under the Company’s health insurance plan and dental insurance plan;
or if the Employee is prohibited from participating in such plans, the Company shall otherwise provide such benefits. Employee shall be responsible for any employee contributions for such insurance coverage. Following the Benefit Continuation
Period, Employee shall be entitled to receive continuation coverage under Part 6 of Title I of ERISA (“COBRA Benefits”) by treating the end of this period as the applicable qualifying event (i.e., as a termination of employment) for
purposes of ERISA Section 603(2)) and with the concurrent loss of coverage occurring on the same date, to the extent allowed by applicable law. 
 (ii) For the Benefit Continuation Period, the Company shall maintain in force, at its expense, the Employee’s life insurance in effect under the Company’s voluntary life insurance benefit plan
as of the Change-in-Control Date or as of the date of Termination of Employment, whichever coverage limits are greater. For purposes of clarification, the portion of the premiums in respect of such voluntary life insurance for which Employee and the
Company are responsible, respectively, shall be the same as the portion for which the Company and Employee are responsible, respectively, immediately prior to the date of Termination of Employment or the Change-in-Control Date, as applicable.

 (iii) For the Benefit Continuation Period, the Company shall provide short-term and long-term disability insurance benefits
to Employee equivalent to the coverage that the Employee would have had had he remained employed under the disability insurance plans applicable to Employee on the date of Termination of Employment, or, at the Employee’s election, the plans
applicable to Employee as of the Change-in-Control Date. Should Employee become disabled during such period, Employee shall be entitled to receive such benefits, and for such duration, as the applicable plan provides. For purposes of clarification,
the portion of the premiums in respect of such short-term and long-term disability benefits for which Employee and the Company are responsible, respectively, shall be the same as the portion for which Employee and the Company are responsible,
respectively, immediately prior to the date of Termination of Employment or the Change-in-Control Date, as applicable. 
 (iv)
Notwithstanding anything in this Agreement to the contrary, in no event shall the provision of in-kind benefits pursuant to this Section 3 during any taxable year of

  

 -5- 

 
Employee affect the provision of in-kind benefits pursuant to this Section 3 in any other taxable year of Employee. 
 c. Retirement Savings Plan. Within fifteen (15) days after the date of Termination of Employment, the Company shall
pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of
Employment. 
 d. Plan Amendments. The Company shall adopt such amendments to its employee benefit plans, if any,
as are necessary to effectuate the provisions of this Agreement. 
 e. Fringe Benefits. Following the
Employee’s Termination of Employment, the Employee shall receive the computer that Employee is utilizing as of the date of such Termination of Employment. In addition, following Employee’s Termination of Employment, Employee shall be
entitled to be reimbursed for any legal or accounting services utilized by Employee to minimize any personal income tax obligations arising from the Change in Control, in an amount not to exceed $5,000, such reimbursement shall be made in the
calendar year following the calendar year in which the separation from service occurs, subject to the Company’s receipt of appropriate invoices from the Employee evidencing the expenses to be reimbursed. 
 f. General Release of Claims. Notwithstanding anything herein to the contrary, the amounts payable pursuant to this
Section 3 are subject to the condition that Employee has delivered to the Company an executed copy of an irrevocable general release of claims in a form substantially similar to Exhibit A within the 60 day period immediately following the
Employee’s separation from service (the “Release Period”). Any payment that otherwise would be made prior to Employee’s delivery of such executed release pursuant to this Section 3 shall be paid on the first business day
following the conclusion of the Release Period; provided that in-kind benefits provided pursuant to subsections (b)(i), (ii) and (iii) of this Section 3 shall continue in effect after separation from service pending the execution and
delivery of such release for a period not to exceed 60 days; provided further that if such release is not executed and delivered within such 60-day period, Employee shall reimburse the Company for the full cost of coverage during such period.

 4. No Mitigation Required or Setoff Permitted. In no event shall Employee be obligated to seek other employment
or take other action by way of mitigation of the amounts payable to Employee under the terms of this Agreement, and all such amounts shall not be reduced whether or not Employee obtains other employment. Further, the Company’s and Parent’s
obligations to make any payments hereunder shall not be subject to or affected by any setoff, counterclaims or defenses which the Company or Parent may have against Employee or others. 
 5. Waiver of Other Severance Benefits. The benefits payable pursuant to this Agreement are in lieu of any other severance
benefits which may otherwise be payable by the

  

 -6- 

 
Company or its affiliates to the Employee upon termination of employment pursuant to a severance program of the Company or its affiliates (including, without limitation, any benefits to which
Employee might otherwise be entitled under any employment agreement or other severance or change in control or similar agreement between Employee and the Company or any of its affiliates). 
 6. Employment at Will. Notwithstanding anything to the contrary contained herein, the Employee’s employment with the
Company is not for any specified term and may be terminated by the Employee or by the Company at any time, for any reason, with or without cause, without any liability, except with respect to the payments provided hereunder or as required by law or
any other contract or employee benefit plan. 
 7. Disputes. Any dispute or controversy arising under, out of, or
in connection with this Agreement shall, at the election and upon written demand of either party, be finally determined and settled by binding arbitration in the City of Louisville, Kentucky, in accordance with the National Employment Arbitration
rules and procedures of the American Arbitration Association, and judgment upon the award may be entered in any court having jurisdiction thereof. The Company shall pay all costs of the arbitration and all attorneys’ and accountants’ fees
of the Employee in connection therewith, including any litigation to enforce any arbitration award. 
 8.
Non-solicitation. During the Term and for a period of one year thereafter (collectively, the “Non-solicitation Period”), Employee shall not directly or indirectly, individually or on behalf of any person other than the Company,
aid or endeavor to solicit or induce any of the Company’s or its affiliates’ employees to leave their employment with the Company or such affiliates in order to accept employment with Employee or any other person, corporation, limited
liability company, partnership, sole proprietorship or other entity. If the restrictions set forth in this section would otherwise be determined to be invalid or unenforceable by a court of competent jurisdiction, the parties intend and agree that
such court shall exercise its discretion in reforming the provisions of this Agreement to the end that the Employee will be subject to a non-solicitation covenant which is reasonable under the circumstances and enforceable by the Company. It is
agreed that no adequate remedy at law exists for the parties for violation of this section and that this section may be enforced by any equitable remedy, including specific performance and injunction, without limiting the right of the Company to
proceed at law to obtain such relief as may be available to it. The running of the Non-solicitation Period shall be tolled for any period of time during which Employee is in violation of any covenant contained herein, for any reason whatsoever.

 9. Successors; Binding Agreement. This Agreement shall not be terminated by the voluntary or involuntary
dissolution of the Company or by any merger or consolidation where the Company is not the surviving corporation, or upon any transfer of all or substantially all of the Company’s stock or assets. In the event of such merger, consolidation or
transfer, the provisions of this Agreement shall be binding upon and shall inure to the benefit of the surviving corporation or corporation to which such stock or assets of the Company shall be transferred. 
  

 -7- 

 10. Notices. Any notice or other communication hereunder shall be in
writing and shall be effective upon receipt (or refusal of receipt) if delivered personally, or sent by overnight courier if signature for the receiving party is obtained, or sent by certified or registered mail, postage prepaid, to the other party
at the address set forth below: 
  

			
	If to the Company:	  	 Kindred Healthcare Operating, Inc.
 680 South Fourth Street
 Louisville, KY 40202
 Attention: General Counsel

		
	If to Employee:	  	 Paul J. Diaz
 680 South
Fourth Street
 Louisville, KY 40202

 Either party may change its specified address by giving notice in writing to the
other. 
 11. Indemnification. The Company shall indemnify, defend and hold the Employee harmless from and against
any liability, damages, costs and expenses (including attorneys’ fees) in connection with any claim, cause of action, investigation, litigation or proceeding involving him by reason of his having been an officer, director, employee or agent of
the Company, except to the extent it is judicially determined that the Employee was guilty of gross negligence or willful misconduct in connection with the matter giving rise to the claim for indemnification. This indemnification shall be in
addition to and shall not be substituted for any other indemnification or similar agreement or arrangement which may be in effect between the Employee and the Company or may otherwise exist. The Company also agrees to maintain adequate directors and
officers liability insurance, if applicable, for the benefit of Employee for the term of this Agreement and for five years thereafter. 
 12. ERISA. Many or all of the employee benefits addressed in Paragraph 3(b) and (c) exist under plans which constitute employee welfare benefit plans (“Welfare Plans”) within the meaning of Section 3(1) of
the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Any payments pursuant to this Agreement which could cause any of such Plans not to constitute a Welfare Plan shall be deemed instead to be made pursuant to a
separate “employee pension benefit plan” within the meaning of Section 3(2) of ERISA or a “top hat” plan under Section 201(2) of ERISA as to which the applicable portions of the document constituting the Welfare Plan
shall be deemed to be incorporated by reference. None of the benefits hereunder may be assigned in any way. 
 13.
Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision, which other provision shall remain in full force and effect. 
  

 -8- 

 14. Interpretation. The headings used herein are for convenience only and do
not limit or expand the contents of this Agreement. Use of any male gender pronoun shall be deemed to include the female gender also. 
 15. No Waiver. No waiver of a breach of any provision of this Agreement shall be construed to be a waiver of any other breach of this Agreement. No waiver of any provision of this Agreement shall be enforceable unless it is in
writing and signed by the party against whom it is sought to be enforced. 
 16. Survival. Any provisions of this
Agreement creating obligations extending beyond the term of this Agreement shall survive the expiration or termination of this Agreement, regardless of the reason for such termination. 
 17. Amendments. Any amendments to this Agreement shall be effective only if in writing and signed by the parties hereto.

 18. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the
subject matter hereof. 
 19. Governing Law. This Agreement shall be interpreted in accordance with and governed
by the law of the State of Delaware. 
 20. Section 409A. If any provision of this Agreement (or any
award of compensation or benefits provided under this Agreement) would cause Employee to incur any additional tax or interest under Section 409A of the Code, the Company shall reform such provision to comply with 409A and agrees to maintain, to
the maximum extent practicable without violating 409A of the Code, the original intent and economic benefit to Employee of the applicable provision; provided that nothing herein shall require the Company to provide Employee with any gross-up for any
tax, interest or penalty incurred by Employee under Section 409A of the Code. 
 21. Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original, and all of which together shall constitute one and the same instrument. 
 22. Cancellation of Prior Agreement. The Company and the Employee hereby acknowledge and agree that this Agreement is intended
to and does hereby replace that certain change-in-control severance agreement, dated as of December 18, 2008, between Company and the Employee, and that such agreement is cancelled, terminated and of no further force and effect. 
  

 -9- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

			
	KINDRED HEALTHCARE OPERATING, INC.
		
	By:	 	 /s/ Richard A. Lechleiter

		 	Richard A. Lechleiter
		 	Executive Vice President and Chief Financial Officer
		
		 	For the purposes of Sections 3, 4 and 11 and as guarantor of the Company’s obligations under this Agreement:
	
	KINDRED HEALTHCARE, INC.
		
	By:	 	 /s/ Richard A. Lechleiter

		 	Richard A. Lechleiter
		 	Executive Vice President and Chief Financial Officer
		
		 	 /s/ PAUL J. DIAZ

		 	PAUL J. DIAZ

  

 -10- 

 Exhibit A 
 Employee Acknowledgment and Release. Employee expressly acknowledges that the payments hereunder include consideration for the settlement, waiver, release and discharge of any and all claims or
actions arising from Employee’s employment, the terms and conditions of Employee’s employment, or Employee’s termination of employment with the Company, including claims of employment discrimination, wrongful termination, unemployment
compensation or any claim arising under law or equity, express or implied contract, tort, public policy, common law or any federal, state or local statute, ordinance, regulation or constitutional provision. 
 (a) The claims released and discharged by Employee include, but are not limited to, claims arising under Title VII of the Civil Rights Act
of 1964, as amended; the Civil Rights Act of 1991; The Older Workers Benefit Protection Act (“OWBPA”); the Age Discrimination in Employment Act of 1967 (“ADEA”), as amended; the Americans with Disabilities Act (“ADA”);
the Fair Labor Standards Act; the Employee Retirement Income and Security Act of 1974, as amended; the National Labor Relations Act; the Labor Management Relations Act; the Equal Pay Act of 1963; the Pregnancy Discrimination Act of 1978; the
Rehabilitation Act of 1973; workers’ compensation laws; Kentucky Wage and Hours Laws, claims before the Kentucky Commission for Human Rights and Kentucky Revised Statutes sections 341 et seq. 
 (b) Employee recognizes that by signing this Agreement, he may be giving up some claim, demand or cause of action which he now has or may
have, but which is unknown to him. 
 (c) Employee agrees not to file any charges, complaints, lawsuits or other claims against
the Company that relate in any manner to the Employee’s employment or the resignation or termination of Employee’s employment with the Company. 
 (d) Employee expressly waives any claims against the Company for alleged race, color, religious, sex, national origin, age or disability discrimination or harassment under Title VII of the Civil Rights
Act of 1964, as amended; the Civil Rights Act of 1991; the Equal Pay Act of 1963; the Americans with Disabilities Act; the Family Medical Leave Act; the Age Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act; the
Rehabilitation Act of 1973; or any other federal or state law protecting against such discrimination or harassment. 
 (e)
Employee acknowledges that the Company has not and does not admit that it engaged in any discrimination, wrong doing or violation of law on the Company’s part concerning Employee. Employee and the Company agree that by entering into this
Agreement no discrimination, wrong doing, or violation of law has been acknowledged by the Company or assumed by Employee. Employee and the Company further acknowledge that this Agreement is not an admission of liability. 
  

 -11- 

 Confidentiality. Employee and the Company agree to keep the contents and terms of
this Agreement confidential and not to voluntarily disclose the terms or amount of settlement to third parties. The only exception is that Employee may reveal the terms of this Agreement to his spouse, attorney, tax preparer or as otherwise required
by law. The Company may reveal the terms of this Agreement to its attorneys, accountants, financial advisors, managerial employees, and any disclosure required by law or business necessity. In the event that Employee breaches the confidentiality of
this Agreement, Employee understands that the Company shall have the right to pursue all appropriate legal relief, including, but not limited to, attorneys’ fees and costs. 
 Public Statement. Employee further agrees not to make derogatory or negative remarks or comments about the Company, its affiliates
and their respective directors, officers, shareholders, agents or employees, to any third parties, and not to otherwise defame the Company in any manner. In the event that Employee defames the Company, its affiliates and their respective directors,
officers, shareholders, agents or employees, Employee understands that the Company shall have the right to pursue all appropriate legal relief, including but not limited to, attorneys’ fees and costs, and reimbursement of all monies paid
hereunder. Company agrees not to make derogatory or negative remarks or comments about Employee to any third parties, not to otherwise defame the Employee in any manner. In the event that the Company defames Employee, Company understands that the
Employee shall have the right to pursue all appropriate legal relief, including but not limited to, attorneys’ fees and costs. 
 Confidential Information. At no time shall Employee divulge, furnish, or make accessible to anyone any confidential knowledge or information about the Company’s businesses or operations (except as required by law or order of
court or other governmental agency) or any of the clients, patients, customers or suppliers of the Company or with respect to any other confidential aspect of the businesses of the Company. Employee understands and agrees that any violation of this
provision will cause the Company irreparable harm which cannot adequately be compensated by an award of money damages. As a result, Employee agrees that, in addition to any other remedy the Company may have, a violation of this Agreement may be
restrained by issuance of an injunction by any court of competent jurisdiction. Employee further agrees to accept service of process by first class or certified United States mail. 
 Cooperation. Employee agrees that should the Company request Employee’s cooperation in connection with litigation, government
investigations or other administrative or legal proceeding, Employee shall cooperate fully with the Company or its designated agents. Employee further agrees to cooperate fully in disclosing to the Company or its designated agents, any information
that Employee obtained during the course and scope of his employment with the Company, and to which other employees of the Company were not privy. 
 Disputes. Any dispute or controversy arising under, out of, or in connection with this Agreement shall, at the election and upon written demand of either party, be finally determined and settled by
binding arbitration in the City of Louisville, Kentucky, in accordance with the labor arbitration rules and procedures of the American Arbitration Association, and judgment upon the award may be entered in any court having jurisdiction thereof. The
Company shall pay all costs of the arbitration and all reasonable attorneys’ and accountants’ fees of the

  

 -12- 

 
Employee incurred in connection therewith, including any litigation to enforce any arbitration award. 
 Non-solicitation. For a period of one year from the date hereof (collectively, the “Non-solicitation Period”), Employee shall not directly or indirectly, individually or on behalf of any
person other than the Company, aid or endeavor to solicit or induce any of the Company’s or its affiliates’ employees to leave their employment with the Company or such affiliates in order to accept employment with Employee or any other
person, corporation, limited liability company, partnership, sole proprietorship or other entity; provided, however, that the foregoing shall not restrict Employee or any other person from conducting general solicitations or advertisements not
directed specifically at employees of the Company or its affiliates, or from employing any employee who responds to any such general solicitation or advertisement or who otherwise initiates a request for employment. If the restrictions set forth in
this section would otherwise be determined to be invalid or unenforceable by a court of competent jurisdiction, the parties intend and agree that such court shall exercise its discretion in reforming the provisions of this Agreement to the end that
Employee will be subject to a non-solicitation covenant which is reasonable under the circumstances and enforceable by the Company. It is agreed that no adequate remedy at law exists for the parties for violation of this section and that this
section may be enforced by any equitable remedy, including specific performance and injunction, without limiting the right of the Company to proceed at law to obtain such relief as may be available to it. The running of the Non-solicitation Period
shall be tolled for any period of time during which Employee is in violation of any covenant contained herein, for any reason whatsoever. 
 Indemnification. Nothing herein shall be construed to terminate or limit the Company’s indemnification obligations under the Indemnification Agreement dated as of October 28, 2003 between
the Parent and Employee or paragraph 11 of Employee’s Change-in-Control Severance Agreement dated November 13, 2009. 
  

 -13-

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