Document:

EX-10.2.3

 

Exhibit 10.2.3

CARDINAL HEALTH, INC.

RESOLUTIONS OF THE HUMAN RESOURCES AND

COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS

ADOPTED ON MAY 7, 2002

RESOLVED, that the reference to years of service with a subsidiary of the Company prior to the
time that such subsidiary became a subsidiary of the Company provided for in clause (i) of the
penultimate sentence of Section 5(g) (definition of retirement) of the Company’s Amended and
Restated Equity Incentive Plan, as amended (the “Equity Incentive Plan”) and the Company’s
Broadly-based Equity Incentive Plan, as amended (the “Broadly-based Plan”), is hereby clarified
that the years of service is intended to include only years of continuous service with such
subsidiary.

RESOLVED, further, that, consistent with such clarifications, the penultimate sentence of
Section 5(g) of the Equity Incentive Plan and the penultimate sentence of Section 5(g) of the
Broadly-based Plan each is hereby amended to provide as follows:

     For purposes of the Plan, unless otherwise determined by the Committee, retirement
shall mean voluntary termination of employment by a participant from the Company after
attaining age fifty-five (55) and having (i) at least ten (10) years of continuous service
with the Company, including continuous service with a subsidiary of the Company prior to the
time that such subsidiary became a subsidiary of the Company, and (ii) at least five years
of continuous service with the Company, excluding service with a subsidiary of the Company
prior to the time that such subsidiary became a subsidiary of the Company.EX-10.2.4

 

Exhibit 10.2.4

THIRD AMENDMENT TO

CARDINAL HEALTH, INC.

AMENDED AND RESTATED EQUITY INCENTIVE PLAN, AS AMENDED

     This Third Amendment to the Cardinal Health, Inc. Amended and Restated Equity Incentive Plan,
as amended (“Third Amendment”), is made as of August 8, 2007, pursuant to resolutions of the Board
of Directors of Cardinal Health, Inc., an Ohio Corporation, adopted during a meeting held on August
8, 2007, and amends that certain Cardinal Health, Inc. Amended and Restated Equity Incentive Plan,
as last amended by the Second Amendment on November 2, 2005 (the “Plan”). This Third Amendment
shall be applicable to all Stock Options granted under the Plan, including those granted prior to
the date of this Third Amendment, except to the extent, if any, that Stock Options granted prior to
the date of this Third Amendment may provide for terms more beneficial to an optionee.

     1. Subsections (f) and (g) of Section 5 of the Plan are hereby deleted in their entirety and
in replacement thereof shall be the following:

(f) Termination by Reason of Death or Disability. Unless otherwise
determined by the Committee, if an optionee’s employment by or
service to the Company terminates by reason of death or disability,
then each Stock Option held by such optionee shall be exercisable in
full from and after, and any unvested portion thereof shall vest
upon, the date of such death or disability. Each Stock Option held
by such optionee may thereafter be exercised by the optionee, any
transferee of the optionee, if applicable, or by the legal
representative of the estate or by the legatee of the optionee under
the will of the optionee, from the date of such death or disability
until the expiration of the stated term of such Stock Option. For
purposes of the Plan, unless otherwise determined by the Committee,
disability shall have the meaning specified in the Company’s
long-term disability plan applicable to the participant at the time
of the disability.

(g) Termination by Reason of Retirement. Unless otherwise
determined by the Committee, if an optionee’s employment by or
service to the Company terminates by reason of retirement, then a
ratable portion of each installment of the Stock Option that would
have vested on each future vesting date shall immediately vest and
become exercisable. Such ratable portion shall, with respect to the
applicable installment, be an amount equal to such installment of
the Stock Option scheduled to vest on the applicable vesting date
multiplied by a fraction, the numerator of which shall be the number
of days from the date on which the Stock Option was granted through
the date of such termination, and the denominator of which shall be
the number of days from the date on which the
Stock Option was granted through such vesting date. The Stock
Option, to the extent vested, may be exercised by the optionee (or
any transferee, if applicable) until the expiration of the stated
term of such Stock Option. If the optionee dies after retirement
but before the expiration of the stated term of the Stock Option,
then the Stock Option, to the extent vested, may be exercised by any
transferee of the Stock Option,

 

 

if applicable, or by the legal
representative of the estate or the legatee of the optionee under
the will of the optionee from and after such death until the
expiration of the stated term of such Stock Option. For purposes of
the Plan, unless otherwise determined by the Committee, retirement
shall refer to “Age 55 Retirement,” which means an optionee’s
termination of employment by or service to the Company and its
subsidiaries (other than by reason of death or disability and other
than in the event of termination for Cause) (i) after attaining age
fifty-five (55), and (ii) having at least ten (10) years of
continuous service with the Company and its subsidiaries, including
service with a subsidiary of the Company prior to the time that such
subsidiary became a subsidiary of the Company. For purposes of the
age and/or service requirement, the Committee may, in its
discretion, credit an optionee with additional age and/or years of
service.

2EX-10.2.14

 

Exhibit 10.2.14

RESTRICTED SHARE UNITS AGREEMENT

     On August 6, 2004 (the “Grant Date”), Cardinal Health, Inc, an Ohio corporation (the
“Company”), has granted to                      (“Grantee”)            Restricted Share Units (the “Restricted
Share Units” or “Award”), representing an unfunded unsecured promise of the Company to deliver
common shares, without par value, of the Company (the “Common Shares”) to Grantee as set forth
herein. The Restricted Share Units have been granted pursuant to the Cardinal Health, Inc. Amended
and Restated Equity Incentive Plan, as amended (the “Plan”), and shall be subject to all provisions
of the Plan, which are hereby incorporated herein by reference, and shall be subject to the
provisions of this Restricted Share Units Agreement (this “Agreement”). In the event of a conflict
between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan
shall control. Capitalized terms used in this Agreement which are not specifically defined shall
have the meanings ascribed to such terms in the Plan.

     1. Vesting. Subject to the provisions set forth elsewhere in this agreement, the
Restricted Share Units shall vest in full (100%) on August 6, 2007 (the “Vesting Date”).

     2. Purchase Price. The purchase price of the Restricted Share Units shall be $0.00.

     3. Transferability. The Restricted Share Units shall not be transferable.

     4. Termination of Service. Unless otherwise determined by the Committee at or after
grant or termination, and except as set forth below, if Grantee’s Continuous Service (as
hereinafter defined) to the Company and its subsidiaries (collectively, the “Cardinal Group”)
terminates prior to the Vesting Date, all of the then unvested Restricted Share Units shall be
forfeited by Grantee. If Grantee’s Continuous Service terminates prior to the vesting in full of
the Restricted Share Units by reason of Grantee’s death or disability (as defined in the Plan),
then the restrictions with respect to a ratable portion of the Restricted Share Units shall lapse
and such Restricted Share Units shall not be forfeited. Such ratable portion shall be determined
with respect to this award of Restricted Share Units as an amount equal to the number of Restricted
Share Units awarded to Grantee multiplied by a fraction, the numerator of which is the number of
whole calendar months between the Grant Date and the date of such death or disability, and the
denominator of which is the number of whole calendar months between the Grant Date and the Vesting
Date. For purposes of this Agreement, the term “Continuous Service” shall mean the absence of any
interruption or termination of service as an employee or director of any entity within the Cardinal
Group.

     5. Triggering Conduct/Competitor Triggering Conduct. As used in this Agreement,
“Triggering Conduct” shall include disclosing or using in any capacity other than as necessary in
the performance of duties assigned by the Cardinal Group any confidential information, trade
secrets or other business sensitive information or material concerning the Cardinal Group;
violation of Company policies, including conduct which would constitute a breach of any of the
Certificates of Compliance with Company Policies and/or the Certificates of

 

 

Compliance with Company Business Ethics Policies signed by Grantee; directly or indirectly
employing, contacting concerning employment, or participating in any way in the recruitment for
employment of (whether as an employee, officer, director, agent, consultant or independent
contractor), any person who was or is an employee, representative, officer or director of the
Cardinal Group at any time within the 12 months prior to the termination of Grantee’s employment
with the Cardinal Group; any action by Grantee and/or his representatives that either does or could
reasonably be expected to undermine, diminish or otherwise damage the relationship between the
Cardinal Group and any of its customers, potential customers, vendors and/or suppliers that were
known to Grantee; and breaching any provision of any employment or severance agreement with a
member of the Cardinal Group. As used in this Agreement, “Competitor Triggering Conduct” shall
include, either during Grantee’s employment or within one year following Grantee’s termination of
employment with the Cardinal Group, accepting employment with or serving as a consultant or advisor
or in any other capacity to an entity that is in competition with the business conducted by any
member of the Cardinal Group (a “Competitor”), including, but not limited to, employment or another
business relationship with any Competitor if Grantee has been introduced to trade secrets,
confidential information or business sensitive information during Grantee’s employment with the
Cardinal Group and such information would aid the Competitor because the threat of disclosure of
such information is so great that, for purposes of this Agreement, it must be assumed that such
disclosure would occur.

     6. Special Forfeiture/Repayment Rules. For so long as Grantee continues as an
employee with the Cardinal Group and for three years following Grantee’s termination of employment
with the Cardinal Group regardless of the reason, Grantee agrees not to engage in Triggering
Conduct. If Grantee engages in Triggering Conduct during the time period set forth in the
preceding sentence or in Competitor Triggering Conduct during the time period referenced in the
definition of “Competitor Triggering Conduct” set forth in Paragraph 5 above, then:

     (a) the Restricted Share Units (or any part thereof that have not yet vested) shall
immediately and automatically terminate, be forfeited, and shall cease to vest at any time; and

     (b) Grantee shall, within 30 days following written notice from the Company, pay to the
Company an amount equal to the gross gain realized or obtained by Grantee resulting from the
vesting of such Restricted Share Units, measured at the Vesting Date (i.e., the market value of the
Restricted Share Units on the Vesting Date), with respect to any portion of the Restricted Share
Units that has already vested at any time within three years prior to the Triggering Conduct (the
“Look-Back Period”), less $1.00. If Grantee engages only in Competitor Triggering Conduct, then
the Look-Back Period shall be shortened to exclude any period more than one year prior to Grantee’s
termination of employment with the Cardinal Group, but including any period between the time of
Grantee’s termination and the time of Grantee’s engaging in Competitor Triggering Conduct. Grantee
may be released from Grantee’s obligations under this Paragraph 6 if and only if the Committee (or
its duly appointed designee) determines, in writing and in its sole discretion, that such action is
in the best interests of the Company. Nothing in this Paragraph 6 constitutes a so-called
“noncompete” covenant. This Paragraph 6 does, however, prohibit certain conduct while Grantee is
associated with the Cardinal Group and thereafter and does provide for the forfeiture or repayment
of the benefits granted by this Agreement under

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certain circumstances, including, but not limited to, Grantee’s acceptance of employment with
a Competitor. Grantee agrees to provide the Company with at least 10 days written notice prior to
directly or indirectly accepting employment with or serving as a consultant or advisor or in any
other capacity to a Competitor, and further agrees to inform any such new employer, before
accepting employment, of the terms of this Paragraph 6 and Grantee’s continuing obligations
contained herein. No provision of this Agreement shall diminish, negate or otherwise impact any
separate noncompete or other agreement to which Grantee may be a party, including, but not limited
to, any of the Certificates of Compliance with Company Policies and/or the Certificates of
Compliance with Company Business Ethics Policies; provided, however, that to the extent that any
provisions contained in any other agreement are inconsistent in any manner with the restrictions
and covenants of Grantee contained in this Agreement, the provisions of this Agreement shall take
precedence and such other inconsistent provisions shall be null and void. Grantee acknowledges and
agrees that the provisions contained in this Agreement are being made for the benefit of the
Company in consideration of Grantee’s receipt of the Restricted Share Units, in consideration of
employment, in consideration of exposing Grantee to the Company’s business operations and
confidential information, and for other good and valuable consideration, the adequacy of which
consideration is hereby expressly confirmed. Grantee further acknowledges that the receipt of the
Restricted Share Units and execution of this Agreement are voluntary actions on the part of Grantee
and that the Company is unwilling to provide the Restricted Share Units to Grantee without
including the restrictions and covenants of Grantee contained in this Agreement. Further, the
parties agree and acknowledge that the provisions contained in Paragraphs 5 and 6 are ancillary to,
or part of, an otherwise enforceable agreement at the time the agreement is made.

     7. Payment. Subject to the provisions of Paragraphs 5 and 6 of this Agreement, on the
Vesting Date, Grantee shall be entitled to receive from the Company (without any payment on behalf
of Grantee other than as described in Paragraph 11) the Common Shares represented by this Award.
Elections to defer receipt of the Common Shares beyond the Vesting Date may be permitted in the
discretion of the Committee pursuant to procedures established by the Committee in compliance with
the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.

     8. Dividends. Grantee shall not receive cash dividends on the Restricted Share Units
but instead shall receive a cash payment from the Company on each cash dividend payment date with
respect to the Common Shares with a record date between the Grant Date and the earlier of the
termination or forfeiture of this grant in accordance with the terms hereof or the payment
described in Paragraph 7 hereof, such cash payment to be in an amount equal to the dividends that
would have been paid on the Common Shares represented by the Restricted Share Units.

     9. Right of Set-Off. By accepting these Restricted Share Units, Grantee consents to a
deduction from, and set-off against, any amounts owed to Grantee by any member of the Cardinal
Group from time to time (including, but not limited to, amounts owed to Grantee as wages, severance
payments or other fringe benefits) to the extent of the amounts owed to the Cardinal Group by
Grantee under this Agreement.

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     10. No Shareholder Rights. Grantee shall have no rights of a shareholder with respect
to the Restricted Share Units, including, without limitation, Grantee shall not have the right to
vote the Common Shares represented by the Restricted Share Units.

     11. Withholding Tax. The Company shall have the right to require Grantee to pay to
the Company the amount of any taxes which the Company is required to withhold with respect to the
Restricted Share Units (including the amount of any taxes which the Company is required to withhold
with respect to the cash payments described in Paragraph 8 hereof) or, in lieu thereof, to retain,
or sell without notice, a sufficient number of Common Shares to cover the amount required to be
withheld. In the case of any amounts withheld for taxes pursuant to this provision in the form of
Common Shares, the amount withheld shall not exceed the minimum required by applicable law and
regulations. The Company shall have the right to deduct from all cash payments paid pursuant to
Paragraph 8 hereof the amount of any taxes which the Company is required to withhold with respect
to such payments.

     12. Beneficiary Designation. Subject to the Committee’s approval of procedures for a
Plan participant to designate a beneficiary, Grantee may designate a beneficiary to receive any
Common Shares to which the Grantee is entitled with respect to the Restricted Share Units which
vest as a result of Grantee’s death. Notwithstanding the foregoing, if Grantee engages in
Triggering Conduct or Competitor Triggering Conduct as herein defined, the Restricted Share Units
subject to such beneficiary designation shall be subject to the Special Forfeiture/Repayment Rules
and the Company’s Right of Set-Off or other right of recovery set forth in this Agreement, and all
rights of the beneficiary shall be subordinated to the rights of the Company pursuant to such
provisions of this Agreement. Grantee acknowledges that the Company may exercise all rights under
this Agreement and the Plan against Grantee and Grantee’s estate, heirs, lineal descendants and
personal representatives and shall not be limited to exercising its rights against Grantee’s
beneficiary.

     13. Governing Law/Venue. This Agreement shall be governed by the laws of the State of
Ohio, without regard to principles of conflicts of law, except to the extent superceded by the laws
of the United States of America. The parties agree and acknowledge that the laws of the State of
Ohio bear a substantial relationship to the parties and/or this Agreement and that the Restricted
Share Units and benefits granted herein would not be granted without the governance of this
Agreement by the laws of the State of Ohio. In addition, all legal actions or proceedings relating
to this Agreement shall be brought in state or federal courts located in Franklin County, Ohio, and
the parties executing this Agreement hereby consent to the personal jurisdiction of such courts.
Grantee acknowledges that the covenants contained in Paragraphs 5 and 6 of this Agreement are
reasonable in nature, are fundamental for the protection of the Company’s legitimate business and
proprietary interests, and do not adversely affect Grantee’s ability to earn a living in any
capacity that does not violate such covenants. The parties further agree that in the event of any
violation by Grantee of any such covenants, the Company will suffer immediate and irreparable
injury for which there is no adequate remedy at law. In the event of any violation or attempted
violations of the restrictions and covenants of Grantee contained in this Agreement, the Cardinal
Group shall be entitled to specific performance and injunctive relief or other

4

 

equitable relief, including the issuance ex parte of a temporary restraining order, without
any showing of irreparable harm or damage, such irreparable harm being acknowledged and admitted by
Grantee, and Grantee hereby waives any requirement for the securing or posting of any bond in
connection with such remedy, without prejudice to the rights and remedies afforded the Cardinal
Group hereunder or by law. In the event that it becomes necessary for the Cardinal Group to
institute legal proceedings under this Agreement, Grantee shall be responsible to the Company for
all costs and reasonable legal fees incurred by the Company with regard to such proceedings. Any
provision of this Agreement which is determined by a court of competent jurisdiction to be invalid
or unenforceable should be construed or limited in a manner that is valid and enforceable and that
comes closest to the business objectives intended by such provision, without invalidating or
rendering unenforceable the remaining provisions of this Agreement.

     14. Action by the Committee. The parties agree that the interpretation of this
Agreement shall rest exclusively and completely within the sole discretion of the Committee. The
parties agree to be bound by the decisions of the Committee with regard to the interpretation of
this Agreement and with regard to any and all matters set forth in this Agreement. The Committee
may delegate its functions under this Agreement to an officer of the Cardinal Group designated by
the Committee (hereinafter the “Designee”). In fulfilling its responsibilities hereunder, the
Committee or its Designee may rely upon documents, written statements of the parties or such other
material as the Committee or its Designee deems appropriate. The parties agree that there is no
right to be heard or to appear before the Committee or its Designee and that any decision of the
Committee or its Designee relating to this Agreement, including, without limitation, whether
particular conduct constitutes Triggering Conduct or Competitor Triggering Conduct, shall be final
and binding unless such decision is arbitrary and capricious.

     15. Prompt Acceptance of Agreement. The Restricted Share Units grant evidenced by
this Agreement shall, at the discretion of the Committee, be forfeited if this Agreement is not
executed by Grantee and returned to the Company within 30 days of the Grant Date set forth below.

     16. Electronic Delivery. The Company may, in its sole discretion, decide to deliver
any documents related to the Restricted Share Units grant under and participation in the Plan or
future Restricted Share Units that may be granted under the Plan by electronic means or to request
Grantee’s consent to participate in the Plan by electronic means. Grantee hereby consents to
receive such documents by electronic delivery and, if requested, to participate in the Plan through
an on-line or electronic system established and maintained by the Company or another third party
designated by the Company.

	 	 	 	 	 	 	 
	 	 	CARDINAL HEALTH, INC.
	 
	 	 	 	 	 	 
	DATE OF GRANT: August 6, 2004

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

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ACCEPTANCE OF AGREEMENT

Grantee hereby: (a) acknowledges that he has received a copy of the Plan, a copy of the Company’s
most recent Annual Report and other communications routinely distributed to the Company’s
shareholders, and a copy of the Plan Description dated November 17, 2003 pertaining to the Plan;
(b) accepts this Agreement and the Restricted Share Units granted to him under this Agreement
subject to all provisions of the Plan and this Agreement; (c) represents and warrants to the
Company that he is purchasing the Restricted Share Units for his own account, for investment, and
not with a view to or any present intention of selling or distributing the Restricted Share Units
either now or at any specific or determinable future time or period or upon the occurrence or
nonoccurrence of any predetermined or reasonably foreseeable event; and (d) agrees that no transfer
of the Common Shares delivered in respect of the Restricted Share Units shall be made unless the
Common Shares have been duly registered under all applicable Federal and state securities laws
pursuant to a then-effective registration which contemplates the proposed transfer or unless the
Company has received a written opinion of, or satisfactory to, its legal counsel that the proposed
transfer is exempt from such registration.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Grantee’s Signature
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Grantee’s Social Security Number	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Date	 	 

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