SEC Contract Filing

Filing Date: 2021-11-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>exhibit105-formof2021ltipd.htm
<DESCRIPTION>EX-10.5
<TEXT>
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<title>Document</title></head><body><div id="i95f892c2545a45c1b3b1068f62943e58_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Exhibit 10.5</font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">CARDINAL HEALTH, INC.<br>DIRECTORS&#8217; RESTRICTED SHARE UNITS AGREEMENT</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On &#91;date of grant&#93; (the &#8220;Grant Date&#8221;), Cardinal Health, Inc., an Ohio corporation (the &#8220;Company&#8221;), has awarded to &#91;Director name&#93; (&#8220;Awardee&#8221;), &#91;# of Shares&#93; Stock Units (the &#8220;Restricted Share Units&#8221; or &#8220;Award&#8221;), representing an unfunded unsecured promise of the Company to deliver, with respect to each Restricted Share Unit, a common share, without par value, of the Company (collectively, the &#8220;Shares&#8221;) to Awardee as set forth in this Agreement. The Restricted Share Units have been granted pursuant to the Cardinal Health, Inc. 2021 Long-Term Incentive Plan (the &#8220;Plan&#8221;), and are subject to all provisions of the Plan, all of which are incorporated in this Agreement by reference and are subject to the provisions of this Agreement. Capitalized terms used in this Agreement which are not specifically defined have the meanings ascribed to such terms in the Plan.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:27.75pt;text-decoration:underline">Vesting of Restricted Share Units</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. The Restricted Share Units vest on the first anniversary of the Grant Date, except that if the &#91;year&#93; Annual Meeting of Shareholders is prior to the first anniversary of the Grant Date, then the Restricted Share Units will vest on the date of the &#91;year&#93; Annual Meeting of Shareholders (such earlier date, the &#8220;Vesting Date&#8221;), subject to the provisions of this Agreement, including those relating to Awardee&#8217;s continued service on the Board. In the event of a Change of Control, the Restricted Share Units (to the extent not previously vested or forfeited) vest in full, except to the extent that (a) Awardee continues to serve on the Board or to serve as a member of the board of directors (or similar governing body) of the Company&#8217;s successor in the Change of Control&#59; and (b) a Replacement Award is offered to Awardee in accordance with Section 16(b) of the Plan (in which case service on such successor board or governing body will be treated as service on the Board for purposes of vesting).</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:27.75pt;text-decoration:underline">Transferability</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. The Restricted Share Units are not transferable other than by beneficiary designation, will, or by the laws of descent or distribution.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:27.75pt;text-decoration:underline">Termination of Service on the Board</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">. If Awardee ceases to be a member of the Board prior to the vesting of the Restricted Share Units for any reason other than Awardee&#8217;s death, all the then unvested Restricted Share Units shall be forfeited by Awardee immediately upon Awardee ceasing to be a member of the Board. If Awardee ceases to be a member of the Board prior to the vesting or forfeiture of the Restricted Share Units by reason of Awardee&#8217;s death, then such Restricted Share Units vest in full and are not forfeited.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:27.75pt;text-decoration:underline">Payment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:12pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:23.8pt;text-decora