Document:

Supplemental Executive Retirement Plan

  
 Exhibit 10.1

  
 OWENS & MINOR, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
  
 INTRODUCTION 
  
 The Board of Directors of Owens & Minor, Inc. determined that the adoption of the Owens & Minor, Inc. Supplemental Executive Retirement Plan (the
Plan) should assist it in attracting and retaining those employees whose judgment, abilities and experience will contribute to its continued progress and success. The Board of Directors also determined that the Plan should further those objectives
by providing retirement and related benefits that supplement the amounts payable under the tax-qualified plans maintained by Owens & Minor, Inc. 
  
 The Plan is effective July 1, 1991. Prior to that date Owens & Minor, Inc. agreed to pay certain supplemental retirement and related benefits to
selected executive and management employees in accordance with the terms of individual Executive Salary Continuation Agreements. The Plan supersedes each of the Executive Salary Continuation Agreements in effect on July 1, 1991, except in the case
of such agreements for which benefit payments became due before July 1, 1991. The Plan, was amended and restated, effective July 1, 2000. The Plan was again amended and restated, effective April 1, 2004. Individuals who were eligible to participate
in the Plan prior to July 1, 2000, but who are not eligible to participate in the Plan, as amended and restated effective July 1, 2000 and April 1, 2004, are listed on Exhibit I and are subject to the Plan in the form attached as Exhibit
II. 
  
 The Plan is intended to provide an unfunded
supplemental retirement benefit to a select group of management and highly compensated employees as such terms are used in Sections 201, 301, and 501 of the Employee Retirement Income Security Act of 1974. The Plan must be interpreted and
administered in a manner that is consistent with that intent. 
  
 ARTICLE I 
 DEFINITIONS 
  

	1.01. 	401(k) Plan Benefit 

  
 401(k) Plan Benefit means the monthly benefit that would be payable to the Participant if the portion of the Participant’s account balance in the
Savings & Protection Plan for Teammates of Owens & Minor, Inc. attributable to nondiscretionary employer contributions were converted to an annuity (i) payable for the lifetime of the Participant, with no survivor benefits, (ii) using as
factors to effect the conversion the “applicable mortality table” and “applicable interest rate” as defined in Section 417(e)(3)(A)(ii) of the Code, and (iii) commencing as of the Participant’s Early Retirement Date (in the
case of the payment of an Early Retirement Allowance) or as of the Participant’s Normal Retirement Date (in the case of the payment of a Normal Retirement Allowance) or as of the date of the Participant’s termination of employment under
Section 3.04 (in the case of a payment of a Change in Control Allowance). The 401(k) Plan Benefit shall be taken into account in determining the amount payable to the Participant under this Plan 

  

					
	 	 	1	  	Revised April 1, 2004

 
regardless of the benefit the Participant actually receives under the Savings & Protection Plan for Teammates of Owens & Minor, Inc. 
  

	1.02. 	Affiliate 

  
 Affiliate means any “subsidiary corporation” or “parent corporation” (within the meaning of Section 425 of the Code) of the Company.

  

	1.03. 	Applicable Percentage 

  
 Applicable Percentage means the percentage set forth in clause (a), (b) or (c) as applicable: 
  
 (a) for a Participant who reached his Normal Retirement Date, his Early
Retirement Date or otherwise became entitled to receive a benefit under Article III of the Plan prior to April 1, 2004: 65% with respect to the Early Retirement Allowance and Normal Retirement Allowance and Change in Control Allowance of a Senior
Officer; 55% with respect to the Early Retirement Allowance and Normal Retirement Allowance and Change in Control Allowance of a Holding Company Vice President; and 45% with respect to the Early Retirement Allowance and Normal Retirement Allowance
and Change in Control Allowance of a Regional Vice President; 
  
 (b) for a Participant who reached his Normal Retirement Date, his Early Retirement Date or otherwise became entitled to receive a benefit under Article III of the Plan on or after April 1, 2004; 60% with respect to the Early Retirement
Allowance and Normal Retirement Allowance and Change in Control Allowance of a Senior Officer; 50% with respect to the Early Retirement Allowance and Normal Retirement Allowance and Change in Control Allowance of a Holding Company Vice President;
and 35% with respect to the Early Retirement Allowance and Normal Retirement Allowance and Change in Control Allowance of an individual holding any other titled position at the Company or an Affiliate; provided, however, that notwithstanding the
foregoing provisions in this clause (b), the Applicable Percentage shall remain at 65% for determining benefits payable under Article III to Gil Minor, Craig Smith and Henry Berling and at 60% for determining benefits payable under Article
III to Dick Bozard and Hugh Gouldthorpe; and 
  
 (c) for any
benefit that becomes payable on behalf of a Participant under Section 4.01 of the Plan, 25% with respect to payments on behalf of a Senior Officer and 15% with respect to payments on behalf of a Holding Company Vice President, a Regional Vice
President or any individual holding any other titled position at the Company or any Affiliate. 
  

	1.04. 	Beneficiary 

  
 Beneficiary means a Participant’s Spouse or one or more Lineal Descendants designated on a Beneficiary Designation Form by a Participant in
accordance with procedures established by the Committee. If the Participant makes a valid designation of more than one Beneficiary then the Beneficiaries who survive the Participant shall receive a percentage interest in the benefit payable under
the Plan in accordance with the Participant’s instruction or, absent such instruction, shall receive equal interests. If there is no valid Beneficiary designation by the Participant, or the designated Beneficiary does not survive the
Participant, the Participant’s 

  

					
	 	 	2	  	Revised April 1, 2004

 
Beneficiary is the first of the following: the Participant’s surviving Spouse and the Participant’s Lineal Descendants per stirpes who
survive the Participant. 
  

	1.05. 	Beneficiary Designation Form 

  
 Beneficiary Designation Form means a form acceptable to the Committee used by a Participant according to this Plan to name the Beneficiary or
Beneficiaries who will receive all benefits under this Plan if he or she dies. 
  

	1.06. 	Board 

  
 Board means the Board of Directors of the Company. 
  

	1.07. 	Cause 

  
 Cause means a Participant’s conviction of a felony involving dishonestly directed against the Company or an Affiliate or a Participant’s
conviction of a crime of moral turpitude that is injurious to the business reputation of the Company or an Affiliate. 
  

	1.08. 	Change in Control 

  
 Change in Control means that 
  

	 	(i)	any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than the Company,
any trustee or other fiduciary holding securities under an employee benefit plan of the Company, or any Company owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the Company’s then
outstanding securities; provided, however, that Company securities acquired directly from the Company shall be disregarded for this purpose; 

  

	 	(ii)	during any period of two consecutive years (not including any period prior to July 1, 2000), individuals who at the beginning of such period constitute the Board, and any new
director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (i), (ii) or (iv) of this Section) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of a majority of the directors then still in office who either (x) were directors at the beginning of such period or (y) were so elected or nominated with such approval, cease for any reason to
constitute at least a majority of the Board; 

  

	 	(iii)	 the stockholders of the Company approve a merger or consolidation of the Company with any other Company, other than (x) a merger or consolidation which would result
in the voting securities of the Company outstanding 

  

					
	 	 	3	  	Revised April 1, 2004

	 	 
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more
than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation or (y) a merger or consolidation effected to implement a recapitalization of the
Company (or similar transaction) in which no “person” (as hereinabove defined) acquires more than 20% of the combined voting power of the Company’s then outstanding securities; or 

  

	 	(iv)	the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the
Company’s assets. 

  

	1.09. 	Change in Control Allowance 

  
 Change in Control Allowance means the benefit described in Section 3.04. 
  

	1.10. 	Code 

  
 Code means the Internal Revenue Code of 1986, as amended. 
  

	1.11. 	Committee 

  
 Committee means the Compensation and Benefits Committee of the Board. 
  

	1.12. 	Company 

  
 Company means Owens & Minor, Inc. 
  

	1.13. 	Early Retirement Allowance 

  
 Early Retirement Allowance means the benefit described in Section 3.02. 
  

	1.14. 	Early Retirement Date 

  
 Early Retirement Date means the first day of a month coincident with or following a Participant’s Retirement at or after attaining age 55 and after
completing a number of Years of Service that, when added to the Participant’s age at the time of the Participant’s Retirement, equals at least 70. 
  

	1.15. 	Final Average Pay 

  
 Final Average Pay means the amount determined under clause (a) or (b), as applicable: 
  
 (a) for a Participant who reached his Normal Retirement Date or Early Retirement Date or otherwise became entitled to
receive benefits under the Plan prior to April 1, 2004, the total of (i) plus (ii), divided by 60, where: (i) is the base monthly salary of a Participant, whether paid in cash or shares of the Company’s stock, during the 60 months preceding the
applicable date of reference; and (ii) is the Participant’s annual bonus, whether paid in cash or shares of the 

  

					
	 	 	4	  	Revised April 1, 2004

 
Company’s stock, earned for the year in which Participant Retires [or otherwise becomes entitled to receive benefits under the Plan] and the four
immediately preceding years; and 
  
 (b) for a Participant who
reached his Normal Retirement Date or Early Retirement Date or otherwise became entitled to receive benefits under the Plan on or after April 1, 2004, the highest 60-consecutive month average of (i) plus (ii), for the last 120 months preceding the
applicable date of reference, where: (i) is the base monthly salary of a Participant, whether paid in cash or shares of the Company’s stock; and (ii) is the Participant’s annual bonus, paid over the same 60-consecutive month period,
whether paid in cash or shares of the Company’s stock; provided that no more than 5 annual bonuses shall be included in the calculation of Final Average Pay under this clause (b) and provided further, that if a higher average results
from calculating a Participant’s Final Average Pay using the total of (i) plus (ii) under this clause (b), divided by 60, where: (i) is the base monthly salary of the Participant, paid in cash or shares of the Company’s stock,
during the 60 consecutive months preceding the applicable date of reference and (ii) is the Participant’s annual bonus, paid in cash or shares of the Company’s stock, earned for the year in which the Participant Retires [or otherwise
becomes entitled to receive benefits under the Plan] and the four immediately preceding years, then such higher average shall be the Participant’s Final Average Pay. 
  
 The following rules shall apply for purposes of determining a Participant’s Final Average Pay under clause (a)
or (b) above: (i) if any portion of a Participant’s base salary or annual bonus is paid pursuant to the issuance of shares of the Company’s stock, such shares shall be valued on the date of issuance, whether or not the stock is then
vested; (ii) a Participant’s Final Average Pay shall be determined without regard to any compensation reductions or deferrals under Section 125 or 401(k) of the Code; (iii) a Participant’s Final Average Pay shall not include
amounts paid as an automobile allowance or other amounts that are in addition to his or her regular base monthly salary and (iv) any period in which a Participant suffers a Total and Permanent Disability shall be disregarded in determining his or
her Final Average Pay. 
  

	1.16. 	Good Reason 

  
 Good Reason means that after a Change in Control, (a) the Participant does not receive salary increases comparable to the salary increases that the
Participant received in prior years or, if greater, that other employees in comparable positions receive in the current year; or (b) the Participant’s compensation or employment related benefits are reduced; or (c) the Participant’s
status, title(s), office(s), working conditions, or management responsibilities are diminished (other than changes in reporting or management responsibilities required by applicable federal or state law); or (d) the Participant’s place of
employment is relocated more than fifty (50) miles from his or her place of employment immediately before the Change in Control, without the Participant’s consent. A Participant’s resignation will not be considered for Good Reason unless
it occurs within six months after an event described in subsection (a), (b), (c), or (d) of the preceding sentence, or within six months after the last in a series of such events. 
  

	1.17. 	Holding Company Vice President 

  
 Holding Company Vice President means an individual who holds the title of Vice President of the Company. 
  

					
	 	 	5	  	Revised April 1, 2004

	1.18. 	Lineal Descendant 

  
 Lineal Descendant means a Participant’s child, grandchild, or great-grandchild, or child of any of the foregoing persons. References in this Plan to
a Participant’s Lineal Descendants or to a child, grandchild, or great-grandchild or child of any of the Participant or any Lineal Descendant shall include adopted persons. 
  

	1.19. 	Normal Retirement Allowance 

  
 Normal Retirement Allowance means the benefit described in Section 3.01. 
  

	1.20. 	Normal Retirement Date 

  
 Normal Retirement Date means the first day of a month coincident with or following a Participant’s Retirement after Participant has attained age 65.

  

	1.21. 	Participant 

  
 Participant means an individual who has been selected to participate in the Plan in accordance with Article II. 
  

	1.22. 	Plan 

  
 Plan means the Owens & Minor, Inc. Supplemental Executive Retirement Plan. 
  

	1.23. 	Qualified Defined Benefit Plan 

  
 Qualified Defined Benefit Plan means a defined benefit pension plan that is maintained by the Company or an Affiliate and which satisfies the requirements
of Section 401(a) and related sections of the Code. 
  

	1.24. 	Qualified Defined Benefit Plan Benefit 

  
 Qualified Defined Benefit Plan Benefit means the monthly benefit that would be payable to the Participant from all Qualified Defined Benefit Plans in the
form of an annuity payable for the lifetime of the Participant with no survivor’s benefits. The amount of the Qualified Defined Benefit Plan Benefit shall be determined as an annuity commencing as of the Participant’s Early Retirement Date
(in the case of the payment of an Early Retirement Allowance) or as of the Participant’s Normal Retirement Date (in the case of the payment of a Normal Retirement Allowance) or as of the date of the Participant’s termination of employment
under Section 3.04 (in the case of a payment of a Change in Control Allowance). The Qualified Defined Benefit Plan Benefit shall be taken into account in determining the amount payable to the Participant under this Plan regardless of the benefit the
Participant actually receives under any Qualified Defined Benefit Plan. 
  

					
	 	 	6	  	Revised April 1, 2004

	1.25. 	Regional Vice President 

  
 Regional Vice President means an individual who holds the title of Regional Vice President of the Company. 
  

	1.26. 	Retire and Retirement 

  
 Retire and Retirement mean severance from the employment of the Company and its Affiliates (i) at or after the attainment of age 55 and after completing a
number of Years of Service that, when added to Participant’s age at the time of severance from employment, equals at least 70 or (ii) at or after the attainment of age 65. 
  

	1.27. 	Senior Officer 

  
 Senior Officer means an individual who holds the title of Senior Vice President of the Company or an Affiliate or who holds a position with the Company or
an Affiliate that is more senior than Senior Vice President. 
  

	1.28. 	Social Security Benefit 

  
 Social Security Benefit means the monthly benefit that the Participant is entitled to receive under Section 215 of the Social Security Act, without regard
to any reduction in such benefit on account of excess earnings and without regard to whether the Participant elects to receive such benefit. The amount of the Social Security Benefit shall be determined as of the Participant’s Early Retirement
Date (in the case of the payment of an Early Retirement Allowance) or as of the Participant’s Normal Retirement Date (in the case of the payment of a Normal Retirement Allowance) or as of the date of the Participant’s termination of
employment under Section 3.04 (in the case of a payment of a Change in Control Allowance), and shall be reduced by .333% for each month by which the month in which the Participant’s Retirement or other termination of employment occurs precedes
the month in which the Participant will attain age 62. 
  

	1.29. 	Spouse 

  
 Spouse means the person to whom the Participant is legally married on the date of reference. 
  

	1.30. 	Total and Permanent Disability 

  
 Total and Permanent Disability means a disability which (i) resulted from bodily or mental injury or disease, (ii) has existed continuously for at least
six months and (iii) in the opinion of the Committee prevents the Participant from performing his or her regularly assigned duties with the Company and its Affiliates. The Committee may require the Participant to prove his or her continued Total and
Permanent Disability once during each calendar year and absent such proof the Total and Permanent Disability shall be deemed to have ceased. 
  

					
	 	 	7	  	Revised April 1, 2004

	1.31. 	Years of Service 

  
 Years of Service means the total years of service credited to a Participant for purposes of determining his or her vested or nonforfeitable interest in a
Qualified Defined Benefit Plan. Notwithstanding the foregoing, a Participant shall be credited with Years of Service during a period of Total and Permanent Disability as if he or she was employed by the Company during such period. 
  
 ARTICLE II 
 PARTICIPATION 
  
 Consistent with the purposes of the Plan and the Company’s intent in adopting the Plan, the Committee shall designate employees of the Company and its Affiliates who are eligible to participate in the Plan. An individual shall remain a
Participant only so long as the Committee continues such designation; provided, however, that a designation may not be changed or revoked after that Participant has reached his Early Retirement Date or Normal Retirement Date, or that Participant or
his or her Beneficiary has become entitled to a benefit under the Plan, or during a period in which the Participant suffers a Total and Permanent Disability. Further, a designation may not be changed or revoked after a Change in Control. 

 
 Membership on the Board or a committee of the Board (other than the
Committee) shall not by itself render an individual ineligible to participate in the Plan. An individual who is a member of the Committee may not participate in the Plan during his or her service on the Committee. 
  
 ARTICLE III 
 RETIREMENT AND CHANGE IN CONTROL ALLOWANCES 
  

	3.01. 	Normal Retirement Allowance 

  
 Subject to the requirements of Article V and Section 8.01, a Normal Retirement Allowance shall be payable to a Participant who Retires on or after his or
her Normal Retirement Date. The monthly Normal Retirement Allowance shall be the difference between (i) and (ii) below where 
  

	 	(i) =	the Applicable Percentage of the Participant’s Final Average Pay (determined as of his or her Normal Retirement Date) and 

  

	 	(ii) =	the sum of the Qualified Defined Benefit Plan Benefit and the 401(k) Plan Benefit and the Social Security Benefit and the defined benefit pension plan(s) benefits(s) of any other
prior employer or employers. 

  

	3.02. 	Early Retirement Allowance 

  
 Subject to the requirements of Article V and Section 8.01, an Early Retirement Allowance shall be payable to a Participant who Retires on or after his or
her Early Retirement Date and before his or her Normal Retirement Date. The monthly Early Retirement Allowance shall be equal to the benefit calculated in Section 3.01, but determined as of the Participant’s 

  

					
	 	 	8	  	Revised April 1, 2004

 
Early Retirement Date, reduced by .333% for each month by which the month in which Participant’s Early Retirement Date occurs precedes the month in
which he or she would first have become eligible for a Normal Retirement Allowance. Notwithstanding the foregoing, the .333% reduction referenced in the preceding sentence shall not apply to a Participant who Retires at or after attainment of age 62
and after completing 20 Years of Service and before his or her Normal Retirement Date, so that the monthly Early Retirement Allowance for such a Participant shall be equal to the benefit calculated in Section 3.01, but determined as of the
Participant’s Early Retirement Date. 
  

	3.03. 	Payment of Retirement Allowances 

  
 The payment of the retirement allowance payable under Section 3.01 or Section 3.02 shall begin on the 15th day of the month following the month in which
the Participant Retires. The payment of the retirement allowance shall continue to be paid as of the 15th day of each month thereafter until the month in which the Participant dies. No further retirement allowance payments will be made under Section
3.01 or Section 3.02 following the month in which the Participant dies. 
  

	3.04. 	Change in Control Allowance 

  
 (a) Subject to the requirements of Article V and Section 8.01, a Change in Control Allowance shall be payable to a Participant who is terminated by the
Company or an Affiliate (other than for Cause) or who resigns his or her employment with the Company or an Affiliate with Good Reason following a Change in Control, but prior to his or her Early Retirement Date or Normal Retirement Date. The monthly
Change in Control Allowance shall be equal to (i) the benefit calculated in Section 3.01, but determined as of the date of Participant’s termination in accordance with this Section 3.04, multiplied by (ii) a fraction, the numerator of which is
the number of Years of Service that the Participant has accrued on the date of his or her termination under this Section 3.04, and the denominator of which is the number of Years of Service that the Participant would have accrued if he or she had
remained in the continuous employ of the Company and its Affiliates through the earlier of the date that he or she would first have become eligible for an Early Retirement Allowance and the date that he or she would first have become eligible for a
Normal Retirement Allowance; reduced by (iii) .333% for each month by which the month in which Participant terminates employment under this Section 3.04 precedes the month in which he or she would first have become eligible for a Normal Retirement
Allowance. 
  

	3.05. 	Payment of Change in Control Allowance 

  
 The payment of the Change in Control Allowance payable under Section 3.04 shall begin on the 15th day of the month following the month in which the
Participant terminates employment following a Change in Control, or, if later, on the 30th day after the Change in Control. The payment of the Change in Control Allowance shall be paid as of the 15th day of each month thereafter until the month in
which the Participant dies. No further Change in Control Allowance payments will be made under Section 3.04 following the month in which the Participant dies. 
  

					
	 	 	9	  	Revised April 1, 2004

  
 ARTICLE IV 
 PAYMENTS IN THE EVENT OF DEATH 
  

	4.01. 	Death On or Before Retirement 

  
 (a) Subject to the requirements of Article V and Section 8.01, a benefit shall be payable under this Section 4.01(a) if the Participant dies prior to a
date on which his or her severance from employment would constitute his or her Retirement. The monthly benefit payable under this Section 4.01(a) shall be equal to the Applicable Percentage of the Participant’s Final Average Pay (determined as
of the last day of the month preceding the month in which the Participant died). 
  
 (b) Subject to the requirements of Article V and Section 8.01, a benefit shall be payable under this Section 4.01(b) if the Participant’s severance from employment due to his or her death constitutes his or her
Retirement. The monthly benefit payable under this Section shall be the greater of (i) the benefit that would have been payable under Section 4.01(a) if the date of the Participant’s death had not been a date on which the Participant could
Retire and (ii) the monthly benefit that would have been payable under Article III if the Participant’s employment had terminated on the date of his or her death for reasons other than his or her death. 
  
 (c) The payment of the benefit described in the preceding Subsection (a) or
(b), as applicable, shall be paid to the Participant’s Beneficiary beginning on the 15th day of the month following the month in which the Participant died. The payment of that benefit to the Participant’s Beneficiary will continue as of
the 15th day of each month thereafter until the earlier of (i) the death of the Participant’s Beneficiary and (ii) a total of 180 months’ benefits have been paid to the Participant’s Beneficiary. In the event of the death of the
Participant’s Beneficiary before a total of 180 payments have been made, the present value of the remainder of such 180 payments shall be paid in a lump sum to the estate of the Beneficiary, using the “applicable interest rate” as
defined in Section 417(e)(3)(A)(ii) of the Code to calculate the present value. 
  
 (d) No benefit will be payable under this Section if the Participant is not survived by any Beneficiary. 
  

	4.02. 	Death After Retirement or Change in Control Termination 

  
 (a) Subject to the requirements of Article V and Section 8.01, a benefit shall be payable under this Section if the Participant dies after Retirement or
after termination or employment under circumstances that entitle him or her to a Change in Control Allowance under Article III and before his or her receipt of 180 payments of that benefit. The monthly benefit payable under this Section 4.02 shall
be equal to the monthly allowance to which the Participant was entitled under Article III immediately prior to the Participant’s death. 
  
 (b) The payment of the benefit described in the preceding Subsection (a) shall be paid to the Participant’s Beneficiary beginning on the 15th day of
the month following the month in which the Participant died. The payment of that benefit to the Participant’s Beneficiary will continue as of the 15th day of each month thereafter until the earlier of (i) a total of 180 payments have been made
under the Plan to the Participant and his or her Beneficiary, and (ii) 

  

					
	 	 	10	  	Revised April 1, 2004

 
the death of the Participant’s Beneficiary. In the event of the death of Participant’s Beneficiary before a total of 180 payments have been made,
the present value of the remainder of such 180 payments shall be paid in a lump sum to the estate of the Beneficiary, using the “applicable interest rate” as defined in Section 417(e)(3)(A)(ii) of the code to calculate the present value.

  
 (c) No benefit will be payable under this Section if the
Participant is not survived by any Beneficiary. 
  
 ARTICLE V

 VESTING AND CONTINUOUS EMPLOYMENT 
  

	5.01. 	Vesting 

  
 No benefit will be payable under the Plan unless the Participant remains in the continuous employ of the Company and its Affiliates from his or her most
recent designation as a Participant by the Committee until: 
  

	 	(i)	his or her Early Retirement Date; 

  

	 	(ii)	his or her Normal Retirement Date; 

  

	 	(iii)	his or her death; or 

  

	 	(iv)	his or her termination of employment under circumstances that entitle the Participant to a Change in Control Allowance in the case of the payment of a Change in Control Allowance.

  
 Notwithstanding the foregoing, no benefit shall be payable under
this Plan if the Participant’s employment with the Company and its Affiliates terminates or is terminated for Cause. 
  

	5.02. 	Total and Permanent Disability 

  
 (a) A Participant who remains in the continuous employ of the Company and its Affiliates from his or her most recent designation as a Participant by the
Committee until his or her separation from service on account of a Total and Permanent Disability shall be deemed to remain in the continuous employ of the Company and its Affiliates for purposes of the Plan. 
  
 (b) A Participant described in the preceding Subsection may elect to receive
an Early Retirement Allowance on or after what would have been his or her Early Retirement Date. A Participant described in the preceding Subsection may elect to receive a Normal Retirement Allowance on or after what would have been his or her
Normal Retirement Date. The benefit described in Section 4.01(a) or (b), as applicable, shall be payable on behalf of a Participant described in the preceding Subsection who dies without having made an election to receive an Early Retirement
Allowance or a Normal Retirement Allowance pursuant to the first sentence of this Section 5.01(b). The benefit described in Section 4.02 shall be payable on behalf of a Participant described in the preceding Subsection who dies after having made an
election to receive an Early Retirement Allowance or a Normal Retirement Allowance pursuant to the first sentence of this Section 5.01(b). 
  

					
	 	 	11	  	Revised April 1, 2004

 (c) This Section shall not apply if the Participant recovers from his or her Total and Permanent
Disability and does not return to the active employ of the Company and its Affiliates at that time. In that event, the Participant will be deemed to have separated from the service of the Company and its Affiliates as of the date that his or her
employment terminated on account of his or her Total and Permanent Disability. 
  

	5.03.	Continuous Employment 

  
 The Committee, in its discretion, shall determine the extent, if any, to which leaves or absence for military service, governmental service and other
reasons shall be deemed not to have caused an interruption in a Participant’s continuous employment with the Company and its Affiliates. 
  

	5.04.	Non-Competition 

  
 (a) As a condition for participating in the Plan, Participant acknowledges that during his or her employment by the Company and its Affiliates, he or she
will have access to and obtain confidential documents and information relating to the business of the Company and its Affiliates. Participant acknowledges and agrees that because the Company is granting him or her such access and permitting him or
her to obtain such confidential documents and information, any competition by him or her with the Company unfairly would result in material damage to the Company and its Affiliates and cause Company and its Affiliates to suffer irreparable damage.

  
 (b) Participant thus agrees that, once he or she has become
entitled to a benefit under this Plan in accordance with Section 5.01, then during his or her employment and for a period of five years immediately following termination of his or her employment (for any reason), Participant shall not directly or
indirectly own, manage, operate, join, control, be employed by or consult with any firm or business entity which is in the same business as, or similar to, the Company or any of its Affiliates and which competes with the Company or any of its
Affiliates. Recognizing the broad geographic scope and unique nature of the business of the Company and its Affiliates, and expressly acknowledging the Company’s legitimate interest in this restriction, Participant agrees that this restriction
shall apply within a radius of 500 miles from Participant’s principal assignment with the Company and its Affiliates. 
  
 (c) Participant further agrees that, once he or she has become entitled to a benefit under this Plan in accordance with Section 5.01, then during his or
her employment and for a period of five years immediately following termination of his or her employment (for any reason), Participant will not hire, solicit for hire or encourage to leave the Company’s or an Affiliate’s employment any
person who is then an employee of the Company or an Affiliate. 
  
 (d) Participant agrees that in the event of any breach or threatened breach of his or her promises in this Section, the Company will not have an adequate remedy at law and will suffer substantial and irreparable damage. Participant
accordingly agrees that the Company shall be entitled to obtain specific enforcement of his or her promises, including but not limited to temporary and permanent injunctions restraining Participant from breaching such promises. In addition to any
remedy that may be afforded the Company, upon a breach or threatened breach of the promise in this Section, Participant shall forfeit all rights under this Plan and no benefit or 

  

					
	 	 	12	  	Revised April 1, 2004

 
further benefit shall be payable to Participant, or any Beneficiary. This provision shall not bar the Company from any other remedies available to it for
such breach or threatened breach, including the recovery of damages and attorneys’ fees. 
  
 (e) The prohibitions of this Section are severable, and a finding by any court that any one prohibition is unenforceable shall not affect the validity of any other prohibition. Additionally, should any court find that
any provision of this Section is unenforceable, Participant and the Company specifically authorize the court to modify that provision and to enforce that provision as modified. 
  
 ARTICLE VI 
 ADMINISTRATION OF THE PLAN 
  

	6.01.	Generally 

  
 The Plan shall be administered by the Committee. Subject to the provisions of the Plan, the Committee may adopt such rules and regulations as may be
necessary to carry out the purposes hereof. The Committee’s interpretation and construction of any provision of the Plan shall be final and conclusive. 
  

	6.02.	Indemnification 

  
 The Company shall indemnify and save harmless each member of the Committee against any and all expenses and liabilities arising out of his or her
membership on the Committee, excepting only expenses and liabilities arising out of his or her own willful misconduct. Expenses against which a member of the Committee shall be indemnified hereunder shall include without limitation, the amount of
any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted, or a proceeding brought or settlement thereof. The foregoing right of indemnification shall be in addition to any other
rights to which any such member may be entitled. 
  

	6.03.	Determining Benefits 

  
 In addition to the powers hereinabove specified, the Committee shall have the power to compute and certify the amount and kind of benefits from time to
time payable to or on behalf of Participants under the Plan, to authorize all disbursements for such purposes, and to determine whether a Participant or a Beneficiary is entitled to a benefit under the Plan. 
  

	6.04.	Cooperation 

  
 To enable the Committee to perform its functions, the Company shall supply full and timely information to the Committee on all matters relating to the
compensation of all Participants, their Retirement, death or other cause for termination of employment, and such other pertinent facts as the Committee may require. 
  

	6.05.	Claims 

  
 (a) It is not necessary to file a claim in order to receive Plan benefits. 
  

					
	 	 	13	  	Revised April 1, 2004

 (b) On receipt of a claim for Plan benefits, the Committee must respond in writing within ninety days. If
necessary, the Committee’s first notice must indicate any special circumstances requiring an extension of time for the Committee’s decision. The extension notice must indicate the date by which the Committee expects to render a decision;
an extension of time for processing may not exceed ninety days after the end of the initial period. 
  
 (c) If a claim is wholly or partially denied, the Committee must give written notice within the time provided in subsection (b). An adverse notice must
specify each reason for denial. There must be specific reference to provisions of the Plan or related documents on which the denial is based. If additional material or information is necessary for the claimant to perfect the claim, it must be
described and there must be an explanation of why that material or information is necessary. Adverse notice must disclose appropriate information about the steps that the claimant must take if he or she wishes to submit the claim for review. If
notice that a claim has been denied is not furnished within the time required in subsection (b), the claim is deemed denied. 
  
 (d) The full value of a payment made according to the provisions of the Plan satisfies that much of the claim and all related claims under the Plan
against the Committee and the Company and its Affiliates, each of whom, as a condition to a payment from it or directed by it, may require the Participant, Beneficiary, or legal representative to execute a receipt and release of the claim in a form
determined by the person requesting the receipt and release. 
  

	6.06.	Review of Claims 

  
 (a) On proper written request for review from a claimant to the Committee, there must be a review by the Board. The Committee must receive the written
request before sixty-one days after the claimant’s receipt of notice that a claim has been denied according to the preceding Plan Section. The claimant and an authorized representative are entitled to be present and heard if any hearing is used
as part of the review. 
  
 (b) The Board must determine whether
there will be a hearing. Before any hearing, the claimant or a duly authorized representative may review all Plan documents and other papers that affect the claim and may submit issues and comments in writing. The Board must schedule any hearing to
give sufficient time for this review and submission, giving notice of the schedule and deadlines for submissions. 
  
 (c) The Board must advise the claimant in writing of the final determination after review. The decision on review must be written in a manner calculated
to be understood by the claimant, and it must include specific reasons for the decision and specific references to the pertinent provisions of the Plan or related documents on which the decision is based. The written advice must be rendered within
sixty days after the request for review is received, unless special circumstances require an extension of time for processing. If an extension is necessary, the decision must be rendered as soon as possible but no later than 120 days after receipt
of the request for review. If the Board has regularly scheduled meetings at least quarterly, the following rules govern the time for the decision after review. If the claimant’s written request for review is received more than thirty days
before a Board meeting, the decision of the Board must be rendered at the next meeting after the request for review is received. If the claimant’s 

  

					
	 	 	14	  	Revised April 1, 2004

 
written request for review is received thirty days or less before a Board meeting, the decision of the Board must be rendered at the Board’s second
meeting after the request for review has been received. If special circumstances (such as the need to hold a hearing) require an extension of time for processing, the decision of the Board must be rendered not later than the Board’s third
meeting after the request for review has been received. If an extension of time for review is required, written notice of the extension must be furnished to the claimant before the extension begins. If notice that a claim has been denied on review
is not received by the claimant within the time required in this paragraph, the claim is deemed denied on review. 
  
 ARTICLE VII 
 TERMINATION, AMENDMENT OR MODIFICATION OF PLAN 
  

	7.01.	Reservation of Rights 

  
 Except as otherwise specifically provided, the Company reserves the right to terminate, amend or modify this Plan wholly or partially at any time and from
time to time. Such right to terminate, amend or modify the Plan shall be exercised by the Board. Notwithstanding the preceding, with respect to an affected Participant, the Plan may not be amended, modified or terminated after a Change in Control
unless the affected Participant agrees to such amendment, modification or termination in writing. 
  

	7.02.	Limitation of Actions 

  
 The rights of the Company set forth in the preceding Section are subject to the condition that its Board shall take no action to terminate the Plan or
decrease the benefit that would become payable or is payable, as the case may be, with respect to a Participant or a Beneficiary after the Participant has reached his or her Early Retirement Date or Normal Retirement Date or the Participant, or his
or her Beneficiary has become entitled to a benefit under the Plan. 
  

	7.03.	Effect of Termination 

  
 Except as provided in Sections 7.01 and 7.02, upon the termination of this Plan by the Board, the Plan shall be of no further force or effect, and neither
the Company nor the Participant or his or her Beneficiary shall have any further obligation or right under this Plan. 
  
 ARTICLE VIII 
 MISCELLANEOUS 
  

	8.01.	Limitation on Benefits 

  
 (a) For purposes of this Plan, the following terms shall have the meanings indicated below: 
  
 (i) “Accounting Firm” means the public accounting firm retained as the Company’s independent
auditor as of the date immediately prior to the Change in Control, or, for any Participant subject to an Executive Severance Agreement, such other independent accounting firm as may be appointed in accordance with that Agreement. 
  

					
	 	 	15	  	Revised April 1, 2004

 (ii) “Capped Parachute Payments” means the largest amount of Parachute Payments
that may be paid to a Participant without liability for any excise tax under Code Section 4999. 
  
 (iii) “Net After Tax Amount” means the amount of any Parachute Payments or Capped Parachute Payments, as applicable, net of
taxes imposed under Code Sections 1, 3101(b) and 4999 and any state or local income taxes applicable to a Participant as in effect on the date of the payment under this Section 8.01. The determination of the Net After Tax Amount shall be made using
the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Parachute Payments, as applicable, in effect for the year for which the determination is made. 
  
 (iv) “Parachute Payment” means a payment that is
described in Code Section 280G(b)(2) (without regard to whether the aggregate present value of such payments exceeds the limit prescribed by Code Section 280G(b)(2)(A)(ii)). The amount of any Parachute Payment shall be determined in accordance with
Code Section 280G and the regulations promulgated thereunder, or, in the absence of final regulations, the proposed regulations promulgated under Code Section 280G. 
  
 (b) The benefit payable to a Participant under this Plan and under other plans, programs, and agreements may constitute
Parachute Payments that are subject to the “golden parachute” rules of Code Section 280G and the excise tax of Code Section 4999. It is the Company’s intention to reduce any Parachute Payments (but not any payment, distribution or
other benefit that is not a Parachute Payment) if, and only to the extent that, a reduction will allow the affected Participant to receive a greater Net After Tax Amount than he or she would receive absent a reduction. The remaining provisions of
this subsection describe how that intent will be effectuated. 
  
 (c) The Accounting Firm will first determine the amount of any Parachute Payments that are payable to a Participant. The Accounting Firm will also determine the Net After Tax Amount attributable to that Participant’s total Parachute
Payments. 
  
 (d) The Accounting Firm will next determine the
amount of that Participant’s Capped Parachute Payments. Thereafter, the Accounting Firm will determine the Net After Tax Amount attributable to that Participant’s Capped Parachute Payments. 
  
 (e) That Participant will receive the total Parachute Payments unless the
Accounting Firm determines that the Capped Parachute Payments will yield a higher Net After Tax Amount, in which case that Participant will receive the Capped Parachute Payments. If that Participant will receive the Capped Parachute Payments, his or
her benefit under this Plan will be adjusted, if at all, in the manner determined by the Committee, taking into account the provisions of any Executive Severance Agreement or other agreement to which the Participant may be subject that specifies the
manner in which Parachute Payments must be reduced. The Accounting Firm will notify the Participant and the Company if it determines that the Parachute Payments must be reduced to the Capped Parachute Payments and will send the Participant and the
Company a copy of its detailed calculations supporting that determination. 
  

					
	 	 	16	  	Revised April 1, 2004

 (f) If, pursuant to Subsection (e), a Participant will receive the total Parachute Payments, the Company
shall indemnify the Participant and hold him harmless against all claims, losses, damages, penalties, expenses, and excise taxes. To effect this indemnification, the Company must pay the Participant an additional amount (the “Gross-Up
Payment”) that after payment by the Participant of all taxes, including, without limitation, any income, employment and excise taxes (and any interest and penalties imposed with respect thereto), imposed upon the Gross-Up Payment leaves the
Participant a net amount from the Gross-Up Payment equal to the excise tax under Code Section 4999 imposed on the Parachute Payments. The determination of any additional amount that must be paid under this paragraph must be made by the Company in
good faith. 
  
 (g) As a result of any uncertainty in the
application of Code Sections 280G and 4999 at the time that the Accounting Firm makes its determinations under this Section 8.01, it is possible that amounts will have been paid or distributed to a Participant that should not have been paid or
distributed under this Section 8.01 (“Overpayments”), or that additional amounts should be paid or distributed to a Participant under this Section 8.01 (“Underpayments”). If the Accounting Firm determines, based on either
controlling precedent, substantial authority or the assertion of a deficiency by the Internal Revenue Service against a Participant or the Company, which assertion the Accounting Firm believes has a high probability of success, that an Overpayment
has been made, then the Participant shall have an obligation to pay the Company upon demand an amount equal to the sum of the Overpayment plus interest on such Overpayment at the prime rate provided in Code Section 7872(f)(2) from the date of the
Participant’s receipt of such Overpayment until the date of such repayment; provided, however, that the Participant shall be obligated to make such repayment if, and only to the extent, that the repayment would either reduce the amount on which
the Participant is subject to tax under Code Section 4999 or generate a refund of tax imposed under Code Section 4999. If the Accounting Firm determines, based upon controlling precedent or substantial authority, that an Underpayment has occurred,
the Accounting Firm will notify the Participant and the Company of that determination and the Company will pay the amount of that Underpayment to the Participant promptly in a lump sum, with interest calculated on such Underpayment at the prime rate
provided in Code Section 7872(f)(2) from the date such Underpayment should have been paid until actual payment. 
  
 (h) All determinations made by the Accounting Firm under this Section 8.01 are binding on the Participant and the Company and must be made as soon as
practicable but no later than thirty days after a Participant’s termination of employment following a Change in Control. Within thirty days after the termination, the Company will commence payment of the Participant’s Change in Control
Allowance, or a reduced Change in Control Allowance as calculated by the Accounting Firm pursuant to this Section 8.01. 
  
 (i) All references in this Section 8.01 to a Participant and to an amount payable to the Participant shall be interpreted to include the
Participant’s Beneficiary and amounts payable to the Participant’s Beneficiary, if applicable. 
  

					
	 	 	17	  	Revised April 1, 2004

	8.02.	Unfunded Plan 

  
 The Company has only a contractual obligation to make payments of the benefits described in the Plan. All benefits are to be satisfied solely out of the
general corporate assets of the Company which shall remain subject to the claims of its creditors. No assets of the Company will be segregated or committed to the satisfaction of its obligations to any Participant or Beneficiary under this Plan. If
the Company, in its sole discretion, elects to purchase life insurance on the life of a Participant in connection with the Plan, the Participant must submit to a physical examination, if required by the insurer, and otherwise cooperate in the
issuance of such policy or his or her rights under the Plan will be forfeited. 
  

	8.03.	Other Benefits and Agreements 

  
 The benefits, if any, provided for a Participant or his or her Beneficiary under the Plan are in addition to any other benefits available to such
Participant under any other plan or program of the Company for its employees (other than an Executive Salary Continuation Agreement), and, except as may otherwise be expressly provided for, the Plan shall supplement and shall not supersede, modify
or amend any other plan or program of the Company in which a Participant is participating. 
  

	8.04.	Withholding Taxes 

  
 The benefit, if any payable to a Participant or his or her Beneficiary under the Plan shall be reduced by the amounts which the Company, in its
discretion, determines shall be withheld under applicable federal, state and local income taxes and for any applicable employment-related taxes. 
  

	8.05.	Restrictions on Transfer of Benefits 

  
 No right or benefit under the Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to do so
shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities, or torts of the person entitled to such benefit. If any Participant or Beneficiary under the Plan should become bankrupt
or attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a benefit hereunder, then such right or benefit, in the discretion of the Committee, shall cease and terminate, and, in such event, the Committee may hold or
apply the same or any part thereof for the benefit of such Participant or his or her Beneficiary or other dependents, or any of them, in such manner and in such portion as the Committee may deem proper. 
  

	8.06.	No Guarantee of Employment 

  
 The Plan does not in any way limit the right of the Company or an Affiliate at any time and for any reason to terminate the Participant’s employment
or such Participant’s status as an officer of the Company or an affiliate. In no event shall the Plan by its terms or implications constitute an employment contract of any nature whatsoever between the Company or an Affiliate and a Participant.

  

					
	 	 	18	  	Revised April 1, 2004

	8.07.	Successors 

  
 The Plan shall be binding upon the Company and its successors and assigns; subject to the powers set forth in Article VII, and upon a Participant and his
or her Beneficiary and either of their assigns, heirs, executors and administrators. 
  

	8.08.	Construction 

  
 Headings are given for ease of reference and must be disregarded in interpreting the Plan. Masculine pronouns wherever used shall include feminine
pronouns and the use of the singular shall include the plural. 
  

					
	 	 	19	  	Revised April 1, 2004Executive Deferred Compensation Plan Trust

Table of Contents

  
 Exhibit 10.2

  
 OWENS & MINOR, INC. 
  
 EXECUTIVE DEFERRED COMPENSATION PLAN TRUST 
  
 Effective July 1, 2004 
  

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  
 
TABLE OF CONTENTS 
  

					
	 Section

	  	 	  	Page

			
	 ARTICLE I
	  	 ESTABLISHMENT OF TRUST
	  	2
			
	 ARTICLE II
	  	 PAYMENTS TO PLAN PARTICIPANTS AND THEIR
 BENEFICIARIES
	  	3
			
	 ARTICLE III
	  	 TRUSTEE RESPONSIBILITY REGARDING PAYMENTS
	  	4
			
	 ARTICLE IV
	  	 PAYMENTS TO THE COMPANY
	  	6
			
	 ARTICLE V
	  	 INVESTMENT AUTHORITY
	  	7
			
	 ARTICLE VI
	  	 DISPOSITION OF INCOME
	  	9
			
	 ARTICLE VII
	  	 ACCOUNTING BY TRUSTEES
	  	10
			
	 ARTICLE VIII
	  	 RESPONSIBILITY OF TRUSTEES
	  	11
			
	 ARTICLE IX
	  	 COMPENSATION AND EXPENSES OF TRUSTEES
	  	12
			
	 ARTICLE X
	  	 RESIGNATION AND REMOVAL OF TRUSTEES
	  	13
			
	 ARTICLE XI
	  	 APPOINTMENT OF SUCCESSOR
	  	14
			
	 ARTICLE XII
	  	 AMENDMENT OR TERMINATION
	  	15
			
	 ARTICLE XIII
	  	 MISCELLANEOUS
	  	16
			
	 ARTICLE XIV
	  	 EFFECTIVE DATE
	  	17
			
	 ARTICLE XV
	  	 SIGNATURE PAGE
	  	18

  

 (i) 

Table of Contents

  
 Owens & Minor, Inc.

 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004 
  
 This Agreement made effective as of the 1st day of July, 2004, by and between Owens & Minor, Inc. (the
“Company”) and Erika T. Davis and Grace den Hartog (the “Trustees”). 
  
 RECITALS: 
  
 WHEREAS, the Company has adopted the Owens & Minor, Inc. Executive Deferred Compensation Plan (the “Plan”); 
  
 WHEREAS, the Company has incurred or expects to incur liability under the terms of the Plan with respect to the individuals participating therein;

  
 WHEREAS, the Company wishes to establish a trust (hereinafter
called the “Trust”) and to contribute to the Trust assets that shall be held hereunder, subject to the claims of the creditors of the Company and any affiliate of the Company whose employees participate in the Plan (an “Affiliated
Employer”) in the event of the Company’s or an Affiliated Employer’s Insolvency, as herein defined, until paid to the Plan’s participants, and their beneficiaries in such manner and at such times as specified in the Plan;

  
 WHEREAS, it is the intention of the parties that this Trust
shall constitute an unfunded arrangement and shall not affect the status of the Plan as an unfunded Plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of
Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); and 
  
 WHEREAS, it is the intention of the Company to make contributions to the Trust from time to time to provide itself a source of funds to assist it in
meeting its obligations under the Plan; 
  

 1 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be
comprised, held and disposed as of follows: 
  
 ARTICLE I

 ESTABLISHMENT OF TRUST 
  
 1.01 The Trust hereby established is revocable by the Company; it shall become irrevocable upon a Change of Control, as defined in the Plan. 

 
 1.02 The Trust is intended to be a grantor trust, of which the Company is
the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be construed accordingly. 
  
 1.03 The principal of the Trust, and any earnings thereon shall be held
separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of the Plan’s participants and general creditors as herein set forth. Plan participants and their beneficiaries shall have no preferred
claim on, or any beneficial ownership interest in, any asset of the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of Plan participants and their beneficiaries against the Company. Any
assets held by the Trust will be subject to the claims of the Company’s and any Affiliated Employer’s general creditors under federal and state law in the event of Insolvency, as defined in Trust Section 3.01. 
  
 1.04 Prior to a Control Change Date (as defined in the Plan), the Company, in
its sole discretion, at any time, and from time to time, may make deposits of cash or other property in trust with the Trustees to be held, administered and disposed of by the Trustees as provided in this Trust Agreement. Neither the Trustees nor
any of the Plan’s participants or beneficiaries shall have any right to compel such deposits. 
  
 1.05 Upon a Control Change Date (as defined in the Plan), the Company shall, as soon as possible, but in no event longer than ten (10) days following the
Control Change Date, make an irrevocable contribution to the Trust in an amount that is sufficient to pay each of the Plan’s participants or beneficiaries the benefits to which the Plan’s participants or their beneficiaries would be
entitled pursuant to the terms of the Plan as of the Control Change Date. The amount of such irrevocable contribution shall be determined by the Company’s independent accountant engaged by the Company prior to the Control Change Date. Nothing
in this Section 1.05 or Section 1.04 shall be construed as preventing the Company or the trustee of a trust established by the Company from making additional contributions to the Trust following a Control Change Date. 
  

 2 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE II 
 PAYMENTS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES 
  
 2.01 The Company shall deliver to Trustees a schedule (the “Payment Schedule”) that indicates the amounts payable in respect of each of the Plan’s participants (and his or her beneficiaries), that
provides a formula or other instructions acceptable to the Trustees for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such
amounts. Except as otherwise provided herein, the Trustees shall make payments to each of the Plan’s participants and their beneficiaries in accordance with such Payment Schedule. The Trustees shall make provision for the reporting and
withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that
such amounts have been reported, withheld and paid by the Company. 
  
 2.02 The entitlement of a Plan participant or his or her beneficiaries to benefits under the Plan shall be determined by the Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and
reviewed under the procedures set out in the Plan. 
  
 2.03 The
Company may make payment of benefits directly to the Plan’s participants or their beneficiaries as they become due under the terms of the Plan. The Company shall notify the Trustees of its decision to make payment of benefits directly prior to
the time amounts are payable to participants or their beneficiaries. In addition, if the principal of the Trust, and any earnings thereon, are not sufficient to make payments of benefits (payable in cash under the Plan) in accordance with the terms
of the Plan, the Company shall make the balance of each such payment as it falls due. The Trustees shall notify the Company where principal and earnings are not sufficient. 
  

 3 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE III 
 TRUSTEE RESPONSIBILITY REGARDING PAYMENTS 
  
 3.01 The Trustees shall cease payment of benefits to the Plan’s participants and their beneficiaries if the Company or an Affiliated Employer is Insolvent. The Company or an Affiliated Employer shall be
considered “Insolvent” for purposes of this Trust Agreement if (i) the Company or an Affiliated Employer is unable to pay its debts as they become due or (ii) the Company or an Affiliated Employer is subject to a pending proceeding as a
debtor under the United States Bankruptcy Code. 
  
 3.02 At all
times during the continuance of this Trust, as provided in Trust Section 1.03, the principal and income of the Trust shall be subject to claims of general creditors of the Company and all Affiliated Employers under federal and state law as set forth
below. 
  
 (a) The Board of Directors and the
Chief Executive Officer of the Company or an Affiliated Employer shall have the duty to inform the Trustees in writing of the Company’s or the Affiliated Employer’s Insolvency. If a person claiming to be a creditor of the Company or an
Affiliated Employer alleges in writing to the Trustees that the Company or an Affiliated Employer has become Insolvent, the Trustees shall determine whether the Company or such Affiliated Employer is Insolvent and, pending such determination, the
Trustees shall discontinue payment of benefits to the Plan’s participants and their beneficiaries. 
  
 (b) Unless the Trustees have actual knowledge of the Company’s or an Affiliated Employer’s Insolvency, or have received notice
from the Company or an Affiliated Employer or a person claiming to be a creditor alleging that the Company or an Affiliated Employer is Insolvent, the Trustees shall have no duty to inquire whether the Company or an Affiliated Employer is Insolvent.
The Trustees may in all events rely on such evidence concerning the Company’s or any Affiliated Employer’s solvency as may be furnished to the Trustees and that provides the Trustees with a reasonable basis for making a determination
concerning the Company’s or such Affiliated Employer’s solvency. 
  
 (c) If at any time the Trustees have determined that the Company or an Affiliated Employer is Insolvent, the Trustees shall discontinue payments to the Plan’s participants or their beneficiaries and shall hold
the assets of the Trust for the benefit of the Company’s and the Affiliated Employer’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of the Plan’s participants or their beneficiaries to pursue
their rights as general creditors of the Company or an Affiliated Employer with respect to benefits due under the Plan or otherwise. 
  
 (d) The Trustees shall resume the payment of benefits to the Plan’s participants or their beneficiaries in accordance with Article II
of this Trust Agreement only after the Trustees have determined that the Company or the Affiliated Employer is not Insolvent (or is no longer Insolvent). 
  

 4 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 3.03 Provided that there are sufficient assets, if the Trustees discontinue the payment of benefits
from the Trust pursuant to Trust Section 3.02 hereof and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments due to the Plan’s participants or their
beneficiaries under the terms of the Plan (and payable as cash under the Plan) for the period of such discontinuance, less the aggregate amount of any payments made to the Plan’s participants or their beneficiaries by the Company in lieu of the
payments provided for hereunder during any such period of discontinuance. 
  

 5 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE IV 
 PAYMENTS TO THE COMPANY 
  
 Except as provided in Article III hereof, after the Trust has become irrevocable, the Company shall have no right or power to direct the Trustees to return to the Company or to divert to others any of the Trust assets before all payment of
benefits have been made to the Plan’s participants and their beneficiaries pursuant to the terms of the Plan. 
  

 6 

Table of Contents

 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE V 
 INVESTMENT AUTHORITY 
  
 5.01 In no event may the Trustees invest in securities (including stock or rights to acquire stock) or obligations issued by Company. All rights associated with assets of the Trust shall be exercised by the Trustees or the person designated
by the Trustees, and shall in no event be exercisable by or rest with Plan participants. 
  
 5.02 The authority of the Trustees described in Trust Sections 5.01 and 5.03 shall be exercised in accordance with the guidelines and directions issued to the Trustees by such individuals as are appointed by the Board
of Directors for this purpose. 
  
 5.03 The Trustees shall have
the following powers: 
  
 (a) to invest and
reinvest the Trust in such investments as they may deem proper and suitable for the purposes of the Trust including, by way of example and not limitation: notes, bonds, obligations, stock either common or preferred, warrants, rights, securities
convertible into common stock, participations in a common trust fund or funds (including a common trust sponsored or operated by a corporate trustee, where applicable), mutual funds either open or closed end, partnerships, obligations of the United
States, any state of the United States or any municipality or agency thereof, mortgages and real estate whether developed or undeveloped, sales and leasebacks, interests in real estate investment trusts, leaseholds of any duration, savings accounts,
certificates of deposit and other types of time deposits with any financial institution (including a corporate trustee, where applicable), individual and group insurance policies or contracts, annuity contracts and investment policies and contracts;

  
 (b) to keep, retain and safeguard any and all
investments properly constituting the Trust and to dispose of such property by sale, exchange or otherwise; 
  
 (c) to sell, assign, exchange, transfer, convey or otherwise dispose of any or all of the investments or property constituting the Trust
at either public or private sale of cash or other consideration or for deferred payments, and for the purpose of selling, assigning, transferring or conveying the same, to make, execute, acknowledge and deliver any and all instruments of conveyance
or assignments in such form and with such warranties and covenants as the Trustees may deem proper; and in the event of any sale, conveyance, exchange or other disposition of any asset of the Trust, the purchaser shall not be required in any way to
see to the application of the purchase money or other consideration passing in connection therewith; 
  
 (d) to vote any stocks, bonds or other securities held in the Trust at any meeting of stockholders, bondholders, or other security
holders, and to delegate the power so to vote to attorneys-in-fact or by proxies under power of attorney, restricted or unrestricted, and to join in or dissent from or oppose the reorganization, recapitalization, consolidation, sale or 

  

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 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 
merger of a corporation or properties in which the Trustees may hold stocks, bonds, or other securities, or in which it may be interested; 
  
 (e) to take up or subscribe for any rights or exercise any
subscription or conversion privilege in any stocks, bonds, notes or other securities constituting the Trust; 
  
 (f) to compromise, adjust, arbitrate, sue or defend, abandon or otherwise deal with and settle claims in favor of or against the Trust or
relating to any of the assets of the Trust; 
  
 (g) to hold property in the name of the Trustees or the name of nominees, or to retain such investments unregistered or in a form permitting transfer by delivery; provided that the books and records of the Trustees shall at all times show
that such investments are a part of the Trust and the Trustees shall be liable for the acts of its nominees; 
  
 (h) to borrow money and mortgage, pledge or hypothecate assets of the Trust as security for any money so borrowed; 
  
 (i) to make repairs, alterations, additions or improvements
to or to demolish improvements on any property contained in the Trust; 
  
 (j) to make or join in any lease or contract, or renew or extend any note, even though such lease or contract, or such renewal or extension may extend beyond the term of this Trust; 
  
 (k) to make and execute all instruments necessary or proper
to carry out the powers conferred herein; 
  
 (l)
to write covered call options and utilize similar investment techniques to the extent it deems such techniques prudent under the circumstances; and 
  
 (m) to do all other things which shall be necessary to carry out the powers specified herein and perform its duties under this Trust.

  

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 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE VI 
 DISPOSITION OF INCOME 
  
 Except as provided in Section 2.01, during the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested. 
  

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 Executive Deferred Compensation Plan Trust 
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 ARTICLE VII 
 ACCOUNTING BY TRUSTEES 
  
 The Trustees shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific records as shall be agreed upon in writing between the Company and
the Trustees. Within sixty (60) days following the close of each calendar year and within thirty (30) days after the removal or resignation of the Trustees, the Trustees shall deliver to the Company a written account of their administration of the
Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description
of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the
end of such year or as of the date of such removal or resignation, as the case may be. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE VIII 
 RESPONSIBILITY OF TRUSTEES 
  
 8.01 The Trustees shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a
like character and with like aims, provided, however, that the Trustees shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company which is contemplated by, and in conformity with,
the terms of the Plan or this Trust and is given in writing by an authorized employee of the Company. In the event of a dispute between the Company and a party, the Trustees may apply to a court of competent jurisdiction to resolve the dispute.

  
 8.02 If the Trustees undertake or defend any litigation
arising in connection with this Trust, the Company agrees to indemnify the Trustees against the Trustees’ costs, expenses and liabilities (including, without limitation, attorneys’ fees and expenses) relating thereto and to be primarily
liable for such payments. If the Company does not pay such costs, expenses and liabilities in a reasonably timely manner, the Trustees may obtain payment from the Trust. 
  
 8.03 The Trustees may consult with legal counsel (who may also be counsel for the Company generally) with respect to any of
its duties or obligations hereunder. 
  
 8.04 The Trustees may
hire agents, accountants, actuaries, investment advisors, financial consultants or other professionals to assist it in performing any of their duties or obligations hereunder. 
  
 8.05 The Trustees shall have, without exclusion, all powers conferred on trustees by applicable law, unless expressly
provided otherwise herein, provided, however, that if an insurance policy is held as an asset of the Trust, the Trustees shall have no power to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion
of the policy to a different form) other than to a successor trustee, or to loan to any person (other than the Company) the proceeds of any borrowing against such policy. 
  
 8.06 Notwithstanding the provisions of Trust Section 8.05, the Trustees may loan to the Company the proceeds of any
borrowing against an insurance policy held as an asset of the Trust. 
  
 8.07 Notwithstanding any powers granted to the Trustees pursuant to this Trust Agreement or to applicable law, the Trustees shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains
therefrom, within the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Code. 
  

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 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE IX 
 COMPENSATION AND EXPENSES OF TRUSTEES 
  
 The Company shall pay all administrative and expenses and, as agreed to by the Company, and any Trustee’s fees. If not so paid, the fees and expenses shall be paid from the Trust. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE X 
 RESIGNATION AND REMOVAL OF TRUSTEES 
  
 10.01 The Trustees may resign at any time by written notice to the Company, which shall be effective thirty (30) days after receipt of such notice unless the Company and the Trustees agree otherwise. 
  
 10.02 The Trustees may be removed by the Company on thirty (30) days notice
or upon shorter notice accepted by Trustees; provided, however, that upon a Change of Control, as defined herein, the successor Trustee appointed in accordance with Section 11.04 may not be removed by the Company for three (3) years. 
  
 10.03 If the successor Trustee appointed in accordance with Section 11.04
resigns within three (3) years of a Change of Control, as defined herein, such Trustee shall select a successor trustee in accordance with the provisions of Trust section 11.02 prior to the effective date of the Trustee’s resignation or
removal. 
  
 10.04 Upon resignation or removal of the Trustees and
appointment of a successor trustee, all assets shall subsequently be transferred to the successor trustee. The transfer shall be completed within sixty (60) days after receipt of notice of resignation, removal or transfer, unless the Company extends
the time limit. 
  
 10.05 If the Trustees resign or are removed, a
successor shall be appointed, in accordance with Article XI hereof, by the effective date of resignation or removal under Trust section 10.01 or 10.02. If no such appointment has been made, the Trustees may apply to a court of competent jurisdiction
for appointment of a successor or for instructions. All expenses of the Trustees in connection with the proceeding shall be allowed as administrative expenses of the Trust. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE XI 
 APPOINTMENT OF SUCCESSOR 
  
 11.01 If the Trustees resign or are removed in accordance with Trust section 10.01 or 10.02, the Company may appoint any third party, such as a bank trust department with trust powers under state law or other party that may validly exercise
trustee powers under state law, as a successor to replace the Trustees upon resignation or removal. The appointment shall be effective when accepted in writing by the new trustee, who shall have all of the rights and powers of the former Trustee,
including ownership rights in the Trust assets. The former Trustees shall execute any instrument necessary or reasonably requested by the Company or the successor trustee to evidence the transfer. 
  
 11.02 If the Trustees resign or are removed pursuant to the provisions of
Trust section 10.03 and select a successor Trustee, the Trustees may appoint any third party such as a bank trust department or other party that may validly exercise trustee powers under state law. The appointment of a successor trustee shall be
effective when accepted in writing by the new trustee. The new trustee shall have all the rights and powers of the former Trustees, including ownership rights in Trust assets. The former Trustees shall execute any instrument necessary or reasonably
requested by the successor trustee to evidence the transfer. 
  
 11.03 The successor Trustee need not examine the records and acts of any prior Trustee and may retain or dispose of existing Trust assets, subject to Articles VII and VIII hereof. A successor trustee shall not be responsible for and the
Company shall indemnify and defend a successor trustee from any claim or liability resulting from any action or inaction of any prior Trustee or from any other past event, or any condition existing at the time it becomes successor trustee.

  
 11.04 A successor Trustee that is a bank trust department with
trust powers under state law shall be appointed to serve effective as of a Control Change Date. Such successor Trustee shall become the Trustee in accordance with the provisions of Section 11.01 and 11.03. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE XII 
 AMENDMENT OR TERMINATION 
  
 12.01 The Trust Agreement may be amended by a written instrument executed by the Trustees and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it
has become irrevocable in accordance with Trust section 1.02. 
  
 12.02 The Trust shall not terminate until the date on which Plan participants and their beneficiaries are no longer entitled to benefits from the Investment Accounts pursuant to the terms of the Plan, unless sooner revoked in accordance
with Trust section 1.02. Upon termination of the trust any assets remaining in the Trust shall be returned to the Company. 
  
 12.03 Upon written approval of all participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may
terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company unless the Trust has become irrevocable prior to such termination. 
  
 12.04 Any other provision of this Trust to the contrary notwithstanding, the
Trust may not be amended by the Company for three (3) years following a Change of Control. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE XIII 
 MISCELLANEOUS 
  
 13.01 Any
provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the remaining provisions hereof. 
  
 13.02 Benefits payable to Plan participants and their beneficiaries under this Trust Agreement may not be anticipated,
assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. 
  
 13.03 This Trust Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia
other than its choice of law provisions to the extent that they would require the application of the laws of another state. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE XIV 
 EFFECTIVE DATE 
  
 The
effective date of this Trust Agreement shall be July 1, 2004. 
  

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 Owens & Minor, Inc. 
 Executive Deferred Compensation Plan Trust 
 Effective July 1, 2004

  

 ARTICLE XV 
 SIGNATURE PAGE 
  
 As
evidence of its adoption of this amendment and restatement of the Trust, the Company and Trustees have caused this document to be executed by their duly authorized officers effective the 1st day of July, 2004. 
  

									
	 	 	 	 	OWENS & MINOR, INC.
					
	Date:	 	 November 5, 2004
	 	 	 	By:	 	 /s/ JEFFREY KACZKA

	 	 	 	 	 	 	 	 	 

  

									
	 	 	 	 	ERIKA T. DAVIS
					
	Date:	 	 August 24, 2004
	 	 	 	 	 	 /s/ ERIKA T. DAVIS

	 	 	 	 	 	 	 	 	 

  

									
	 	 	 	 	GRACE DEN HARTOG
					
	Date:	 	 August 20, 2004
	 	 	 	 	 	 /s/ GRACE DEN HARTOG

	 	 	 	 	 	 	 	 	 

  

 18

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