Document:

EX-10.5

 EXHIBIT 10.5 
 INCENTIVE STOCK OPTION GRANT AGREEMENT 
 THIS AGREEMENT, made as of this
     day of                     , 20     between Kindred Healthcare, Inc. (the
“Company”) and                      (the “Participant”). 

WHEREAS, the Company has adopted and maintains the Kindred Healthcare, Inc. 2011 Stock Incentive Plan (the “Plan”) to promote
the interests of the Company by providing the employees of the Company, who are largely responsible for the management, growth and protection of the business of the Company, with incentives and rewards to encourage them to continue in the employ of
the Company; and 
 WHEREAS, the Plan provides for the grant to Participants in the Plan of incentive stock options to purchase
shares of common stock of Kindred Healthcare, Inc., par value $0.25 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 Options. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby
grants to the Participant an incentive stock option (the “Option”) with respect to                     
(                    ) shares of Common Stock. 
 2. Grant Date. The Grant Date of the Option hereby granted is                     
    , 20    . 
 3. Incorporation of Plan. All terms, conditions
and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall govern. All
capitalized terms used and not defined herein shall have the meanings given to such terms in the Plan. 
 4. Exercise
Price. The exercise price of each share underlying the Option hereby granted is $            . 
 5. Vesting Date. 
 (a) Except as provided in Section 5(b) and
Section 6, the Options shall become exercisable as follows: 
 (i)
             of the Options shall vest on             . 

(ii) An additional              Options shall vest on
            . 

  
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 (iii) An additional
             Options shall vest on             . 

(iv) An additional              Options shall vest on
            . 
 (b) Notwithstanding the foregoing, in the
event of a Change in Control or the death or Disability of the Participant while employed with the Company, the Option shall immediately become fully exercisable. 
 6. Expiration Date. Subject to the provisions of the Plan and the terms of this Agreement, the Option shall expire on
                         ,         . In addition, the following
shall apply to the Option: 
 (i) In the event that the employment of the Participant with the Company shall terminate for any
reason other than Disability, Retirement, Cause or death (A) the Option, to the extent that it is exercisable at the time of such termination, shall remain exercisable for 90 days after such termination, at which time the Option shall expire,
and (B) the Option, to the extent that it is not exercisable at the time of such termination, shall expire at the commencement of business on the date of such termination; provided, however, that the Option shall not be
exercisable after the expiration of its term. 
 (ii) In the event that the employment of the Participant with the Company
shall terminate on account of the Retirement of the Participant, (A) the Participant shall be entitled to exercise the Option to the extent that the Option is exercisable at the time of such termination, for 90 days after Retirement, and
(B) the Option, to the extent that it is not exercisable at the time of such termination, shall expire at the commencement of business on the date of such termination; provided, however, that the Option shall not be exercisable
after the expiration of its term. 
 (iii) In the event that the employment of the Participant with the Company shall terminate
on account of the Disability or death of the Participant, the Option shall become immediately exercisable and the Participant shall be entitled to exercise the Option at any time within one year after the date of death or determination of
Disability; provided, however, that the Option shall not be exercisable after the expiration of its term. 
 (iv)
In the event of the termination of the Participant’s employment for Cause, the Option shall expire at the commencement of business on the date of such termination. 
 7. Exercise Procedure. Vested portions of the Option may be exercised, in whole or in part, by delivery to the Company’s principal office of a written notice of exercise, to the attention of
the Corporate Secretary, no less than three (3) business days in advance of the effective date of the proposed exercise (the “Exercise Date”), setting forth the number of shares of Common Stock with respect to which the Option is to
be exercised, the Grant Date of the Option and the Exercise Date and accompanied by full payment of the exercise price and all applicable withholding taxes. 

  
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Applicable withholding taxes shall be calculated based on the excess of the Fair Market Value of the shares of Common Stock over the exercise price as of the Exercise Date. 

8. Adjustment Upon Changes in Common Stock. 
 (a) In the event of any change in the capitalization of the Company or other corporate change or transaction involving the Company or its securities, the Committee shall make equitable adjustments in the
number and class of shares subject to the Options outstanding on the date on which such change occurs and in the exercise price of any such Options. 
 (b) In the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company’s assets, (iii) a merger or consolidation involving the
Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of Common Stock receive securities of another
corporation and/or other property, including cash, the Committee shall either: 
 (i) cancel each Option outstanding
immediately prior to such event (whether or not then exercisable), and, in full consideration of such cancellation, pay to the Participant an amount in cash for each share subject to the Option, the excess of (A) the value of the property
(including cash), as determined by the Committee in its reasonable discretion, received by the holder of a share of Common Stock as a result of such event over (B) the exercise price of such Option; or 

(ii) provide for the exchange of each Option outstanding immediately prior to such event (whether or not then vested or exercisable) for
an option, with respect to, as appropriate, some or all of the property which a holder of the number of shares of Common Stock subject to such Option would have received in such transaction and, incident thereto, make an equitable adjustment in the
exercise price of the option and/or the number of shares or amount of property subject to the option, or, if appropriate, provide for a cash payment to the Participant in partial consideration for the exchange of the Option. 

9. Construction of Agreement. Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or
unenforceable in any jurisdiction shall, as to that jurisdiction and subject to this section, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions thereof in such
jurisdiction or rendering that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. No waiver of any provision or violation of this Agreement by the Company shall be implied by the Company’s
forbearance or failure to take action. 
 10. Delays or Omissions. No delay or omission to exercise any right, power or
remedy accruing to any party hereto upon any breach or default of any party under this Agreement, shall impair any such right, power or remedy of such party nor 

  
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shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring nor shall any waiver of any single
breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any
waiver on the part of any party or any provisions or conditions of this Agreement, shall be in writing and shall be effective only to the extent specifically set forth in such writing. 

11. Limitation on Transfer. During the lifetime of the Participant, the Option shall be exercisable only by the Participant. The
Option shall not be assignable or transferable other than by will or by the laws of descent and distribution and in accordance with the Plan. 
 12. Integration. This Agreement, and the other documents referred to herein or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its
subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein and in the Plan. This Agreement, including
without limitation the Plan, supersedes all prior agreements and understandings between the parties with respect to its subject matter. 
 13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 

14. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
Kentucky without regard to the provisions governing conflict of laws. 
 15. Participant Acknowledgment. The Participant
hereby acknowledges receipt of a copy of the Plan. The Participant hereby acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Option shall be final and conclusive.

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

			
	KINDRED HEALTHCARE, INC.
	
	  

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

	Name of Individual

  
 5EX-10.6

 EXHIBIT 10.6 
 RESTRICTED SHARE AWARD AGREEMENT 
 THIS AGREEMENT, made as of this
     day of                     , 20     between Kindred Healthcare, Inc., a Delaware
corporation and its successors (the “Company”), and              (the “Participant”). 
 WHEREAS, the Company adopted and maintains the Kindred Healthcare, Inc. 2011 Stock Incentive Plan (the “Plan”); 
 WHEREAS, the Plan provides for the award to participants in the Plan of restricted shares of common stock of Kindred Healthcare, Inc., par value $0.25 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 Participant                     
(            ) 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 Participant, 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, neither the Shares nor the
rights represented thereby shall be assignable, transferable, pledged or otherwise encumbered under any circumstances. In addition, the Shares and the rights represented thereby shall not be assignable or transferable for 90 days after the date of
this Agreement. Such 90 day transfer restriction shall not subject the Shares to a substantial risk of forfeiture. 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. 
 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: 

  
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	 	(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 will vest on
            ,             . 

 (b) Notwithstanding the foregoing, in the event of (1) a Change in Control or (2) the death or Disability of the Participant, the Shares shall automatically vest, all restrictions on the Shares
shall lapse and the Company shall deliver to Participant a certificate representing the Shares; provided, however, in no event may the vesting of any Shares held by an Participant subject to Section 16(b) of the Exchange Act be accelerated
until such time as the vesting would not violate Section 16(b). 
 4. Forfeiture of Shares. If the employment
of the Participant with the Company shall terminate 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 forfeited and reconveyed to the Company by
Participant without additional consideration and Participant shall have no further rights with respect thereto. 
 5.
Modification and Waiver. Except as provided in this Agreement and 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 Participant 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. Participant 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 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.

  
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 7. Adjustment Upon Changes in Common Stock 

(a) In the event of any change in the capitalization of the Company or other corporate change or transaction involving the Company or its
securities, the Committee shall make equitable adjustments in the number and class of shares subject to the Award outstanding on the date on which such change occurs. 
 (b) In the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company’s assets, (iii) a merger or consolidation involving the
Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of Common Stock receive securities of another
corporation and/or other property, including cash, the Committee shall either: 
 (i) cancel each Share outstanding immediately
prior to such event (whether or not then vested), and, in full consideration of such cancellation, pay to the Participant an equitable amount in cash for each Share equal to the value of the property (including cash) received by the holder of a
share of Common Stock; or 
 (ii) provide for the exchange of each Share outstanding immediately prior to such event (whether
or not then vested) for an option, a stock appreciation right or a share of restricted stock with respect to, as appropriate, some or all of the property which a holder of the number of shares of Common Stock subject to the Award would have received
in such transaction and, incident thereto, make an equitable adjustment in the exercise price of the option or stock appreciation right, or the number of shares or amount of property subject to the option, stock appreciation right or share of
restricted stock, or, if appropriate, provide for a cash payment to the Participant in partial consideration for the exchange of the Shares. 
 8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Kentucky. 
 9. Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the Plan and a Plan prospectus. The Participant hereby acknowledges that all decisions, determinations and
interpretations of the Committee in respect of the Plan, this Agreement and the Option shall be final and conclusive. 
 10.
Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and made part hereof as if stated herein. If any provision hereof and of the Plan shall be in conflict, the terms of the Plan shall govern except as
specifically provided in Section 2 and Section 7 hereof. 
 11. 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. 

  
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 12. No Contract of Employment. This Agreement shall not confer upon the Participant
any right with respect to the continuation of such Participant’s employment by the Company or prohibit the Company at any time from terminating such employment or increasing or decreasing the base salary or other compensation for such
Participant. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly authorized officer and
said Participant has hereunto signed this Agreement on the Participant’s own behalf, thereby representing that the Participant 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
	
	  

	Name of Individual

  
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