PharMerica Corporation 2007 Omnibus Incentive Plan
Directors’ Non-Qualified Stock Option Agreement
THIS NON-QUALIFIED STOCK OPTION AGREEMENT (the “Agreement”), granted under the PharMerica Corporation
2007 Omnibus Incentive Plan (the “Plan”), is effective as of , 20 and is entered into by and between PharMerica
Corporation, a Delaware Corporation (the “Company”), and (the “Optionee”).
WHEREAS , the Optionee serves as a director on the Company’s Board of Directors (the “Board”);
WHEREAS , the Company has determined that it is desirable and in its best interests to grant to the Optionee an option to
purchase a certain number of shares of the Company’s common stock (the “Stock”), in order to provide the Optionee with a
significant equity interest in the Company so that the Optionee will have a greater incentive to seek to increase the value of the
Company’s Stock and so that the Optionee’s interests will be more closely aligned with those of the shareholders of the
WHEREAS , any capitalized term not herein defined shall have the meaning as set forth in the Plan
NOW, THEREFORE , in consideration of the mutual promises and covenants contained herein:
1. Grant of Option . On the terms and conditions of this Agreement and the Plan, the Company hereby grants to the
Optionee the right and option (the “Option”) to purchase from the Company shares of Stock. This Option shall not
constitute an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”). The date of grant of this Option is , 2007 (the “Grant Date”).
2. Price . The purchase price (the “Option Price”) for the shares of Stock subject to the Option granted by this Agreement
is $ per share, which is equal to the Fair Market Value of the Stock on the Grant Date.
3. Vesting of the Option . The Option granted pursuant to th