Document:

Form of Kindred Healthcare, Inc. Restricted Share Award Agreement

 EXHIBIT 10.74 
 RESTRICTED SHARE AWARD AGREEMENT 
 THIS AGREEMENT, made as of this     
day of                       between Kindred Healthcare, Inc., a Delaware corporation and its successors (the “Company”), and
                     (the “Non-Employee Director”). 
 WHEREAS, the Company adopted and maintains the Kindred Healthcare, Inc. 2001 Equity Plan for Non-Employee Directors, Amended and Restated (the “Plan”); 
 WHEREAS, the Plan provides for the award to Non-Employee Directors of restricted shares of common stock of Kindred Healthcare, Inc., par value $.25 per
share (the “Common Stock”). 
 NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the
parties hereto hereby agree as follows: 
 1. Grant of Restricted Stock. Pursuant and subject to the terms and conditions set forth
herein and in the Plan, the Company hereby grants to the Non-Employee Director                     
(            ) shares of Common Stock (the “Shares,” and this grant shall be referred to herein as the “Award”). The Shares shall vest only in accordance with the
provisions of this Agreement and of the Plan. The certificates representing the Shares, together with stock powers duly authorized in blank by the Non-Employee Director, shall be deposited with the Company to be held by it until the Shares vest in
accordance with Section 3 hereof or are forfeited in accordance with Section 4. All capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Plan. 
 2. Non-Transferability. Prior to the vesting of the Shares as described in Section 3 hereof, the Shares and the rights represented thereby
shall be non-transferable and will not be subject in any manner to sale, transfer, alienation, pledge, encumbrance or charge; provided, however, that (i) the Committee may, in its sole discretion, permit the transfer of the Shares to a family
trust for estate planning purposes and (ii) in the event the Non-Employee Director was nominated to or chosen to serve on the Board pursuant to an arrangement between the Company and another Person, such Non-Employee Director may, upon notice
in writing to the Board, direct the initial issuance of the Shares to such other Person or transfer such Shares to such other Person. Any purported or attempted transfer of such Shares or such rights in contravention of this Section 2 shall be
null and void and shall result in the immediate forfeiture of the Shares. 
  

 1 

 3. Vesting of Shares. 
 (a) Except as provided in Section 3(b) and Section 4, the Shares subject to this Award shall vest and become fully transferable without
restriction according to the following schedule: 
  

	 	(i)	             of the Shares subject to this Award shall vest
                 ,         . 

  

	 	(ii)	An additional              of the Shares subject to this Award shall vest on
                 ,         . 

  

	 	(iii)	An additional              of the Shares subject to this Award shall vest on
                 ,         . 

  

	 	(iv)	An additional              of the Shares subject to this Award shall vest on
                 ,         . 

 (b) Notwithstanding the foregoing or anything in the Plan to the contrary, in the event of (1) a Change in Control, or (2) the Disability or
death of the Non-Employee Director while serving as a director of the Company, the Shares shall automatically immediately vest, all restrictions on the Shares shall lapse and the Company shall deliver to Non-Employee Director a certificate
representing the Shares; provided, however, in no event may the vesting of any Shares held by an Non-Employee Director be accelerated until such time as the vesting would not violate Section 16(b). 
 4. Forfeiture of Shares. Notwithstanding anything in the Plan to the contrary, if the Non-Employee Director ceases to be a director of the Company
for any reason other than death or Disability, all of the Shares which have not vested in accordance with Section 3 of this Agreement shall be immediately cancelled and forfeited without additional consideration and Non-Employee Director shall
have no further rights with respect thereto. Notwithstanding anything in the Plan to the contrary, if the Non-Employee Director ceases to be a director of the Company because of removal for Cause or Retirement, all of the Shares which have not
vested in accordance with Section 3 of this Agreement shall be cancelled and forfeited on the date of removal or Retirement without additional consideration and Non-Employee Director shall have no further rights with respect thereto.

 5. Modification and Waiver. Except as provided in the Plan with respect to determinations of the Committee and subject to the
Company’s right to amend the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing or purported course of dealing, but only by an agreement
in writing signed by the Non-Employee Director and the Company. No such agreement shall extend to or affect any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on
such a provision. The waiver of or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or acquiescence in any other breach thereof. 
 6. Rights as Stockholder. Non-Employee Director shall be considered a stockholder of the Company with respect to all such Shares that have not been forfeited and shall have all rights appurtenant
thereto, including the right to vote or consent to all matters that may be presented to the stockholders and to receive all dividends and other distributions paid on such 

  

 2 

 
Shares. If any dividends or distributions are paid in Common Stock, such Common Stock shall be subject to the same restrictions as the Shares with respect to
which it was paid. 
 7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware. 
 8. Non-Employee Director Acknowledgment. The Non-Employee Director hereby acknowledges receipt of a copy of the Plan and
a Plan prospectus. 
 9. Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and made part hereof as
if stated herein. Except as provided in Section 3 and Section 4 of this Agreement, if any provision hereof and of the Plan shall be in conflict, the terms of the Plan shall govern. 
 10. Entire Agreement. This Agreement and the Plan represent the final, complete and total agreement of the parties hereto respecting the Shares
and the matters discussed herein and this Agreement supersedes any and all previous agreements and understandings, whether written, oral or otherwise, relating to the Shares and such matters. 
 11. No Right to Re-Election. This Agreement shall not confer upon the Non-Employee Director any right to continue as a director of the Company, to
be renominated by the Board or re-elected by the shareholders of the Company. 
  

 3 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly authorized
officer and said Non-Employee Director has hereunto signed this Agreement on the Non-Employee Director’s own behalf, thereby representing that the Non-Employee Director has carefully read and understands this Agreement and the Plan, as of the
day and year first above written. 
  

			
	KINDRED HEALTHCARE, INC.
	
	  

	By:	 	Richard A. Lechleiter
	Title:	 	Executive Vice President and Chief Financial Officer
	
	  

  

 4Description of Magellan 2008 Annual Incentive Program

 Exhibit 10(c) 
 2008 Annual Incentive Program Summary 
 Our 2008 annual incentive program is a discretionary bonus
program established by the Compensation Committee of the Board of Directors to encourage individual activities that will improve the overall financial and operational performance of Magellan Midstream Partners, L.P. (“MMP”). The 2008
program payout will be based on a combination of company performance and individual performance. 
 A “Funding Metric” has been
established that sets a floor of performance for the partnership below which no payout for any metric will be made. This mechanism reflects the view of management and the Compensation Committee that it is inappropriate to pay bonuses if the overall
cash generation of MMP drops significantly. The program also has other performance metrics that are used to measure profitability, safety and environmental stewardship. 
 Specific goals for levels of achievement have been set for each metric. Payouts under the plan begin after the threshold level of performance is achieved and the maximum payout occurs if results reach the stretch
targets. 
 Payouts at the target performance level are based on a percentage of employee eligible earnings. Eligible earnings include
regular base pay and eligible overtime pay for the period in which an employee is a participant in the plan, including, but not limited to, hours worked during a normal workday, Paid Time Off (PTO), short term disability, holiday pay, jury duty pay,
bereavement pay, and shift differentials. 
 If target performance is achieved, 100% of the calculated payout based on the percentages shown
above is eligible to be paid under the program. If stretch performance is achieved, 200% of the calculated payout is eligible to be paid. If threshold is achieved, 50% of the calculated payout is eligible to be paid. If the results are lower than
threshold, 0% of the calculated payout is eligible to be paid. The calculated payout percentage for performance between threshold and target, or between target and stretch, will be interpolated. Fifty percent (50%) of the eligible payout is
subject to a personal performance adjustment. 
 Eligible employees begin participating in the program on the first day of employment. To be
eligible to receive an award, an employee must be employed during the calendar year including the last day of the calendar year and through the time the award is actually paid. Employees on military leave are also eligible for an award. Exceptions
to this requirement will be made where a participant’s employment is terminated as a result of retirement, death or the participant becomes eligible for long-term disability. Such employees will be eligible for a prorated award based on the
portion of the year worked prior to the employment termination or disability event. A participant whose employment is terminated anytime prior to the distribution of the award under any other circumstances is not eligible for an award. 

After the eligible payout is determined based on the company metric results, an adjustment may be made based on the employee’s individual
performance. This adjustment, if applied, would adjust 50% of an employee’s eligible incentive payout based on management’s assessment of the employee’s performance on individual goals and the employee’s performance of job
responsibilities. This adjustment can range from 0% to 200% of the 50% amount that is subject to the personal performance adjustment. 

 2008 Annual Incentive Program Metrics 
 Funding Goal 
 ($ in Millions) 
  

			
	 Metric
	  	 Threshold

	 Distributable Cash Flow
	  	Funding occurs at greater than or equal to $255.1 (1)

 Performance Goals 
 ($ in Millions) 
  

													
	 Metric
	  	Weight	 	 	Threshold	  	Target	  	Stretch
	 Financial –
	  			 			  			  		
	 EBITDA less Maintenance Capital
	  	65	%	 	$	281.6	  	$	311.6	  	$	326.6
	 Financial –
	  			 			  			  		
	 Commodity Margins
	  	10	%	 	$	48.5	  	$	55.7	  	$	63.9
	 Safety –
	  			 			  			  		
	 OSHA Recordable Incident Rate (IR) (2)

	  	10	%	 	 	2.50	  	 	1.66	  	 	1.10
	 Environmental –
	  			 			  			  		
	 High Consequence Releases (3)
	  	8	%	 	 	4	  	 	3	  	 	1
	 Environmental –
	  			 			  			  		
	 Human Error Releases (4)
	  	7	%	 	 	8	  	 	6	  	 	4

  

	 (1)
	 Management believes that if overall company performance drops below this level
that a payout would not be appropriate for any metric. 

	 (2)
	 Payout will be zero if
a fatality occurs related to activities under the control of MMP. 

	 (3)
	 Payout will be zero if
a fatality occurs as a result of a release or any one high consequence release exceeds, or is estimated to exceed, $2.5 million in cleanup and third party damage expenses. 

	 (4)
	 Payout will be zero if
a fatality occurs as a result of a release or any one human error release exceeds, or is estimated to exceed, $2.5 million in cleanup and third party damage expenses. 

 Metric Adjustments 
 If an acquisition occurs during the year, the
financial metric will be adjusted to reflect the economics used to obtain approval of the acquisition. The Environmental and Safety metrics will not be adjusted, nor will actual incidents be counted until the new locations have a full year to become
compliant with MMP’s System Integrity Plan policies and procedures. New internal growth projects approved within a plan year will not change the metric targets for the plan year since these projects generally require several months to complete.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]