Document:

First Amendment to Cardinal Health Deferred Compensation Plan

 Exhibit 10.4 
 Cardinal Health 
 Deferred Compensation Plan 
 Amended and Restated Effective as of January 1, 2009 
 First Amendment 
 Background Information 
  

	A.	Cardinal Health, Inc. (“Cardinal Health”) established and maintains the Cardinal Health Deferred Compensation Plan (the “Plan”) for the benefit of participants
and their beneficiaries. 

  

	B.	The Financial Benefit Plans Committee (the “Committee”) oversees the administration of the Plan and is authorized to amend administrative provisions of the Plan in
accordance with authority delegated by the Human Resources and Compensation Committee of the Board of Directors of Cardinal Health. 

  

	C.	The Committee has authorized the amendment of the Plan to eliminate the date certain distribution option and to clarify certain other distribution and enrollment provisions to
reflect the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), related to rehired employees, and to provide for accelerated vesting in connection with certain reductions in force, as previously
implemented through the Company’s policies regarding severance benefits. 

  

	D.	Section 7.1 of the Plan permits the amendment of the Plan at any time. 

 Amendment of the Plan 
 The Plan is hereby amended as follows, effective as of January 1,
2009: 
 1. Section 3.1 of the Plan is hereby amended by the addition of the following to the end thereof: 
 “If an Eligible Employee has ceased being eligible to participate in the Plan (other than the accrual of earnings on his Account, if any), regardless of whether all
amounts deferred under the Plan have yet been paid, and subsequently becomes eligible to participate in the Plan again, the Eligible Employee may be treated as being initially eligible to participate in the Plan if he has not been eligible to
participate in the Plan (other than the accrual of earnings on his Account, if any) at any time during the 24-month period ending on the date the employee again becomes an Eligible Employee under the Plan.” 

 2. Section 4.1 of the Plan is hereby amended by the addition of the following to the end thereof: 
 “A Participant who has completed one Year of Service but less than three Years of Service and is terminated from employment under the terms of a designated reduction
in force, a divestiture or designated layoff, shall receive additional ratable vesting credit hereunder determined by multiplying the portion of his Account that is subject to the vesting provisions of this Section 4.1 by a fraction, the
numerator of which is the Participant’s calendar months of service calculated from his or her date of hire and the denominator of which is 36, and by rounding the product up to the next whole percentage. A month of service shall be included in
the calculation of additional vesting credit under this Section if the Participant has performed at least one hour of service during the calendar month. In no event shall a Participant be more than 100% vested in any amounts credited to his
Account.” 
 3. Section 5.1 of the Plan is hereby amended to read as follows: 
 “5.1 Distribution Timing. A Participant shall receive payment of the amounts credited to his Account upon his Separation from Service due to Retirement, death, Total Disability or any other reason. The
Participant will begin to receive the amount credited to his Account as of such date beginning on the first regular payment processing date to occur at least six months after the date of the Participant’s Separation from Service, whether due to
Retirement, death, Total Disability, or any other reason. The regular payment processing dates shall be January 15 and July 15 of each calendar year. If payment is to be made in a lump sum, it shall occur on the first regular payment
processing date as described above. If payment is to be made in annual installments, it shall commence on such first regular payment processing date with subsequent annual installments to occur on the same regular payment processing date each year
thereafter until the Participant’s Account is distributed in full.” 
 4. Section 5.4 of the Plan is hereby amended by the addition of the
following at the end thereof: 
 “Notwithstanding the foregoing, in no event shall Disability payments cease to a Participant if to do so would violate
Code Section 409A.” 
 5. All other terms and provisions shall remain unchanged. A restated Plan document shall also be prepared incorporating the
above amendments. 
  

			
	CARDINAL HEALTH, INC.
		
	By:	 	 /s/    Carole Watkins

	Title:	 	 CHRO

	Date:	 	 11-5-08

  

 2Form of Aircraft Time Sharing Agreement

 Exhibit 10.6 
 CARDINAL HEALTH, INC. 
 AIRCRAFT TIME SHARING AGREEMENT 
 This Aircraft Time Sharing Agreement (“Agreement”) by and between Cardinal Health, Inc. (“Operator”), an Ohio corporation whose
address is 7000 Cardinal Place, Dublin, Ohio 43017 and                      (“User”), whose address is 7000 Cardinal Place, Dublin,
Ohio 43017 (collectively the “Parties”), is effective                     , 20    , and shall terminate
on                     , 20    , unless terminated sooner by either party pursuant to Article I below. 

WHEREAS, Operator has the right of possession of the aircraft (“Aircraft”), equipped with engines and components as described in the Leased
Aircraft Subject to the Time Sharing Agreement attached hereto and made a part hereof, as Exhibit A; 
 WHEREAS, Operator employs a fully
qualified flight crew to operate the Aircraft; 
 WHEREAS, Operator desires to provide to User, and User desires to have the use of said
Aircraft with flight crew on a non-exclusive time sharing basis as defined in Section 91.501(c)(1) of the Federal Aviation Regulations (“FAR”); 
 WHEREAS, this Agreement sets forth the understanding of the Parties as to the terms under which Operator will provide User with the use, on a periodic basis, of the Aircraft as described in Exhibits A hereto,
currently operated by Operator; and 
 WHEREAS, the use of the Aircraft will at all times be pursuant to and in full compliance with the
requirements of Federal Aviation Regulations (“FAR”) 91.501(b)(6), 91.501(c)(I ), and 91.501(d); 
 NOW, THEREFORE, in
consideration of the mutual covenants and agreements herein contained, the Parties agree as follows: 
 1. Termination. 
 Either party may terminate this Agreement for any reason upon written notice to the other, such termination to become effective thirty (30) days from the date of the
notice; provided that this Agreement may be terminated on such shorter notice as may be required to comply with applicable laws, regulations, insurance requirements or in the event the insurance required hereunder is not in full force and effect.

 2. Use of Aircraft. 
 (a) User may use the Aircraft
from time to time, with the permission and approval 

 
of Operator’s Flight Operations Department, for any and all lawful purposes allowed by FAR 91.501(b)(6) at such times as the Operator does not require
the use of the Aircraft for the business purposes of Operator or an affiliate. User’s use may include the use of the Aircraft by his family members (including children or grandchildren) and guests if they accompany him on the flight.

 (b) User represents, warrants and covenants to Operator that: 
  

	 	1.	User shall use each Aircraft for and on his own account only and shall not use any Aircraft for the purposes of providing transportation of passengers or cargo in air commerce for
compensation or hire and shall not accept any reimbursement from a passenger or otherwise for charges under this Agreement; 

  

	 	2.	User shall refrain from incurring any mechanics lien or other lien in connection with inspection, preventative maintenance, maintenance or storage of the Aircraft, whether
permissible or impermissible under this Agreement, and User shall not attempt to convey, mortgage, assign, lease or any way alienate the Aircraft or create any kind of lien or security interest involving the Aircraft or do anything or take any
action that might mature into such a lien; 

  

	 	3.	During the term of this Agreement, User will abide by and conform to all such laws, governmental, and airport orders, rules, and regulations as shall from time to time be in effect
relating in any way to the operation and use of the Aircraft by a time-sharing User. 

 (c) User shall provide Operator’s Flight
Operations Department with notice of his desire to use the Aircraft and proposed flight schedules pursuant to and in accordance with Operator’s Corporate Aircraft Utilization Policy, as amended from time to time. 
 (d) Operator shall have sole and exclusive authority over the scheduling of the Aircraft, including which Aircraft is used for any particular flight. 
 (e) Operator shall not be liable to User or any other person for loss, injury, or damage occasioned by the delay or failure to furnish the Aircraft and crew pursuant to
this Agreement for any reason. 
 3. Time-Sharing Arrangement. 
 It is intended that this Agreement is and will meet the requirements of a “Time Sharing Agreement” as that term is defined in FAR Part 91.501(c)(1) whereby Operator will lease its Aircraft and flight crew to User. 
 4. Cost of Use of Aircraft. 
 (a) In exchange for use of the Aircraft,
User shall pay the cost of fuel, landing fees and in flight food and beverages for any flight conducted under this Agreement 

  

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or a greater amount mutually agreed to by the Parties. Pursuant to FAR 91.501(d), amounts payable for a flight shall not exceed the following expenses for
each use of the Aircraft: 
  

	 	(1)	Twice the cost of fuel, oil, lubricants and other additives. 

  

	 	(2)	Travel expenses of the crew, including food, lodging, and ground transportation. 

  

	 	(3)	Hangar and tie-down costs when the Aircraft is required by the User to be away from the Aircraft’s base of operation. 

  

	 	(4)	Insurance obtained for the specific flight. 

  

	 	(5)	Landing fees, airport taxes, and similar assessments. 

  

	 	(6)	Customs, foreign permit, and similar fees directly related to the flight. 

  

	 	(7)	In flight food and beverages. 

  

	 	(8)	Passenger ground transportation. 

  

	 	(9)	Flight planning and weather contract services. 

 (b) Operator will
invoice, and User will pay, for all appropriate charges. 
 (c) In addition to the rental rate referenced in Section 4(a) above, User shall also be
assessed the Federal Excise Taxes as imposed under Section 4261 of the Internal Revenue Code, any applicable state and local taxes and any segment and landing fees associated with such flight(s). 
 5. Invoicing and Payment. 
 All payments to be made to Operator by
User hereunder shall be paid in the manner set forth in this Paragraph 5. Operator will pay to suppliers, employees, contractors and government entities all expenses related to the operations of the Aircraft hereunder in the ordinary course. As to
each flight operated hereunder, Operator shall provide to User an invoice for the charges specified in Paragraph 4 of this Agreement (including Federal or international air transportation Excise Taxes, as applicable, imposed by the Internal Revenue
Code and to be collected by Operator), such invoice to be issued within thirty (30) days after the completion of each such flight. User shall pay Operator the full amount of such invoice within thirty (30) days after receipt of the
invoice. In the event Operator has not received a supplier invoice for reimbursable charges relating to such flight prior to such invoicing, Operator shall issue a supplemental invoice for such charges to User within thirty (30) days of the
date of receipt of the supplier invoice and User shall pay such supplemental invoice amount within thirty (30) days after receipt thereof. All such invoices shall separately itemize the expenses in items (1) through (9) of paragraph
4(a) for each flight included in that invoice. User shall further pay all costs incurred by Operator in collecting any amounts due from User pursuant to the provisions of this Paragraph 5 after delinquency, including court costs and reasonable
attorneys’ fees. 
  

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 6. Insurance and Limitation of Liability. 
 Operator represents that the flight operations for the Aircraft as contemplated in this Agreement will be covered by the Operator’s (or the Operator’s 100% wholly owned subsidiary’s) aircraft all-risk
physical damage insurance (hull Coverage), aircraft bodily injury and property damage liability insurance, passenger, pilot and crew voluntary settlement insurance and statutory workers compensation and employer’s liability insurance.

 (a) Insurance. 
  

	 	1.	Operator will maintain or cause to be maintained in full force and effect throughout the term of this Agreement aircraft liability insurance in respect of the Aircraft in an amount
at least equal to $100 million combined single limit for bodily injury to or death of persons (including passengers) and property damage liability. Operator will retain all rights and benefits with respect to the proceeds payable under policies of
hull insurance maintained by Operator (or the Operator’s 100% wholly owned subsidiary) that may be payable as a result of any incident or occurrence while an Aircraft is being operated on behalf of User under this Agreement.

  

	 	2.	Operator shall use best efforts to procure such additional insurance coverage as User may request naming User as an additional insured; provided, that the cost of such additional
insurance shall be borne by User pursuant to Paragraph 4(a)(4) hereof. 

 (b) Limitation of Liability. User agrees that the insurance specified
in paragraph 6(a) shall provide its sole recourse for all claims, losses, liabilities, obligations, demands, suits, judgments or causes of action, penalties; fines, costs and expenses of any nature whatsoever, including attorneys’ fees and
expenses for or on account of or arising out of, or in any way connected with the use of the Aircraft by User, family members or guests, including injury to or death of any persons, including User, family members and guests which may result from or
arise out of the use or operation of the Aircraft during the term of this Agreement (“Claims”). This Section 6 shall survive termination of this Agreement. 
 (c) User agrees that when, in the reasonable view of Operator’s Flight Operations Department or the pilots of the Aircraft, safety may be compromised, Operator or the pilots may terminate a flight, refuse to
commence a flight, or take other action necessitated by such safety considerations without liability for loss, injury, damage, or delay. 
 (d) In no event
shall Operator be liable to User or his family members, employees, agents, representatives, guests, or invitees for any claims or liabilities, including property damage or injury and death, and expenses, including attorney’s fees, in excess of
the amount paid by Operator’s insurance carrier in the event of such loss. 
  

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 (e) OPERATOR SHALL IN NO EVENT BE LIABLE TO USER OR HIS FAMILY MEMBERS, EMPLOYEES, AGENTS, REPRESENTATIVES, GUESTS, OR
INVITEES FOR ANY INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES AND/OR PUNIITIVE DAMAGES OF ANY KIND OR NATURE UNDER ANY CIRCUMSTANCES OR FOR ANY REASON INCLUDING ANY DELAY OR FAILURE TO FURNISH THE AIRCRAFT OR CAUSED OR OCCASIONED BY THE PERFORMANCE
OR NON-PERFORMANCE OF ANY SERVICES COVERED BY THIS AGREEMENT. 
 7. Covenants Regarding Aircraft Maintenance. 
 Each Aircraft has been inspected and maintained in the twelve-month period preceding the date hereof in accordance with the provisions of FAR Part 91. Operator shall, at
its own expense, inspect, maintain, service, repair, overhaul, and test the Aircraft in accordance with FAR Part 91. Each Aircraft will remain in good operating condition and in a condition consistent with its airworthiness certification, including
all FAA-issued airworthiness directives and mandatory service bulletins. In the event that any non-standard maintenance is required during any applicable lease term, Operator, or Operator’s Pilot-In-Command, shall immediately notify User of the
maintenance required, the effect on the ability to comply with User’s dispatch requirements and the manner in which the Parties will proceed with the performance of such maintenance and conduct of the balance of the planned flight(s).

 8. No Warranty. 
 NEITHER OPERATOR (NOR ITS AFFLIATES)
MAKES, HAS MADE OR SHALL BE DEEMED TO MAKE OR HAVE MADE: ANY WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, WRITTEN OR ORAL, WITH RESPECT TO ANY AIRCRAFT TO BE USED HEREUNDER OR ANY ENGINE OR COMPONENT THEREOF INCLUDING, WITHOUT LIMITATION,
ANY WARRANTY AS TO DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF MATERIALS OR WORKMANSHIP, MERCHANTABILITY, FITNESS FOR ANY PURPOSE, USE OR OPERATION, AIRWORTHINESS, SAFETY, PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT OR TITLE. 
 9. Operational Control. 
 Operator shall be responsible for the
physical and technical operation of the Aircraft and the safe performance of all flights and shall retain full authority and control, including exclusive operational control, and possession of the Aircraft at all times during the term of this
Agreement. In accordance with applicable FARs, the qualified flight crew provided by Operator will exercise all required and/or appropriate duties and responsibilities in regard to the safety of each flight conducted hereunder. The Pilot-In-Command
shall have absolute discretion in all matters concerning the preparation of the Aircraft for flight and the flight itself, the load carried and its distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the
place where landings shall be made and all other matters relating to operation of the Aircraft. User specifically agrees that 

  

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the flight crew shall have final and complete authority to delay or cancel any flight for any reason or condition which, in sole judgment of the
Pilot-In-Command, could compromise the safety of the flight and to take any other action which, in the sole judgment of the Pilot-In-Command, is necessitated by considerations of safety. No such action of the Pilot-In-Command shall create or support
any liability to User or any other person for loss, injury, damages or delay. The Parties further agree that Operator shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement which is caused by government
regulation or authority, mechanical difficulty or breakdown, war, civil commotion, strikes or labor disputes, weather conditions, acts of God or other circumstances beyond Operator’s reasonable control. User agrees that Operator’s
operation of aircraft is within the operation guidelines of the Operator’s Flight Operations Department manual and the crews are responsible to operate within the guidelines of FAR 91 and the Operator’s Flight Operations Department manual.

 10. Governing Law. 
 The Parties hereto acknowledge
that this Agreement shall be governed by and construed in all respects in accordance with the laws of the State of Ohio. 
 11. Counterparts.

 This Agreement may be executed in one or more counterparts each of which will be deemed an original, all of which together shall constitute one and the
same agreement. 
 12. Notices and Communications. 
 All
notices, requests, demands and other communications required or desired to be given hereunder shall be in writing (except as permitted pursuant to Paragraph 2(c)) and shall be deemed to be given: (i) if personally delivered, upon such delivery;
(ii) if mailed by certified mail, return receipt requested, postage pre-paid, addressed as (to the extent applicable for mailing) listed in the preamble hereto, upon the earlier to occur of actual receipt, refusal to accept receipt or three
(3) days after such mailing; (iii) if sent by regularly scheduled overnight delivery carrier with delivery fees either prepaid or an arrangement, satisfactory with such carrier, made for the payment of such fees, addressed (to the extent
applicable for overnight delivery) as listed in the preamble hereto, upon the earlier to occur of actual receipt or the next “Business Day” (as hereafter defined) after being sent by such delivery; or (iv) upon actual receipt when
sent by fax, mailgram, telegram or telex. Notice given by other means shall be deemed to be given only upon actual receipt. Addresses may be changed by written notice given as provided herein and signed by the party giving the notice. 
 13. Further Acts. 
 OPERATOR and USER shall from time to time perform
such other and further acts and execute such other and further instruments as may be required by law or may be reasonably necessary to: (i) carry out the intent and purpose of this Agreement; and (ii) establish, maintain and protect the
respective rights and remedies of the other party. 
  

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 14. Successors and Assigns. 
 Neither this Agreement nor any party’s interest herein shall be assignable to any other party whatsoever, except that Operator may assign its interest to an affiliate without the consent of the User. This Agreement shall inure to the
benefit of and be binding upon the Parties hereto, their heirs, representatives and successors. 
 15. Severability. 
 In the event that any one or more of the provisions of this Agreement shall for any reason be held to be invalid, illegal, or unenforceable, those provisions shall be
replaced by provisions acceptable to both Parties to this Agreement. 
 16. Flight Crew. 
 Operator is responsible for providing a qualified flight crew for all flight operations under this Agreement. The Operator will furnish two experienced and competent pilots who shall be under the direction and control
of the Operator at all times. 
 17. Taxes. 
 The Parties
acknowledge that reimbursement of all items specified in Paragraph 4, except for subsections (7) and (8) thereof, are subject to the Federal Excise Tax imposed under Internal Revenue Code 4261 (the “Commercial Transportation
Tax”). User shall pay to Operator (for payment to the appropriate governmental agency) any Commercial Transportation Tax or state and local taxes, if any, applicable to flights of the Aircraft conducted hereunder. Operator shall indemnify User
for any claims related to the Commercial Transportation Tax or other taxes to the extent that User has paid Operator the amounts necessary to pay such taxes. 
 18. Right of Possession. 
 Operator has the right of possession to each Aircraft in Exhibit A pursuant to an Aircraft Lease Agreement.
Nothing herein shall constitute a transfer of Operator’s possessory rights to the Aircraft. 
 19. Truth-in-Leasing. 
 The Operator shall mail a copy of this Agreement for and on behalf of both Parties to: Federal Aviation Administration, Aircraft Registration Branch, Attention: Technical
Section, P.O. Box 25724, Oklahoma City, Oklahoma 73125, within twenty-four (24) hours of its execution, as provided by FAR 91.23 (c)(1). Additionally, Operator agrees to comply with the notification requirements of FAR Section 91.23 by
notifying by telephone or in person the Columbus, Ohio FAA Flight Standards District Office at least forty-eight (48) hours prior to the first flight under this Agreement. 
 (a) OPERATOR CERTIFIES THAT EACH AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12-MONTH PERIOD PRECEDING THE DATE OF 

  

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THIS AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS AND THAT ALL APPLICABLE REQUIREMENTS FOR EACH AIRCRAFT’S
MAINTENANCE AND INSPECTION HEREUNDER WILL BE MET AND ARE VALID FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT DURING THE DURATION OF THIS AGREEMENT. 
 (b) OPERATOR, WHOSE ADDRESS APPEARS IN PARAGRAPH 12 ABOVE AND WHOSE AUTHORIZED SIGNATURE APPEARS BELOW, AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER EACH AIRCRAFT IS OPERATED UNDER THIS AGREEMENT, OPERATOR SHALL
BE KNOWN AS, CONSIDERED AND SHALL IN FACT BE THE OPERATOR OF THE AIRCRAFT AND THAT OPERATOR UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS. 
 (c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM
THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. 
 (d) OPERATOR AGREES TO KEEP A COPY OF THIS AGREEMENT IN THE AIRCRAFT AT ALL TIMES DURING
THE TERM OF THIS AGREEMENT. 
 IN WITNESS WHEREOF, the Parties hereto have each caused this Agreement to be duly executed on
                    , 20    . 
  

			
	OPERATOR:
	
	Cardinal Health, Inc.
	
	  

		
	By:	 	
		
	Its:	 	
		
	USER:	 	
	
	  

  

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 EXHIBIT A 
 Cardinal Health, Inc. 
 Leased Aircraft Subject to Time Sharing Agreement 
 Each of the undersigned is a party to the Time Sharing Agreement dated
                    , 20    , by and between Cardinal Health, Inc. (“Operator”) and
                     (“User”) (together the “Parties”), and agrees that from and after
                    , 20    , until this Exhibit A shall be superseded and replaced through agreement of the
Parties or the Time Sharing Agreement shall be terminated pursuant to its terms, the Aircraft described below shall constitute the “Aircraft” described in and subject to the terms of the Time Sharing Agreement. 
 [Description of Aircraft] 
  

	
	OPERATOR:
	
	Cardinal Health, Inc.
	
	  

	
	By:
	
	Its:
	
	USER:
	
	  

  

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