PharMerica Corporation 2007 Omnibus Incentive Plan
Transferring Employee Restricted Share Award Agreement
THIS TRANSFERRING EMPLOYEE RESTRICTED SHARE AWARD AGREEMENT (the “Agreement”), granted under
the PharMerica Corporation 2007 Omnibus Incentive Plan (the “Plan”) is effective as of 200 (the “Date of Grant”) and is
made between PharMerica Corporation, a Delaware corporation (the “Company”) and (the “Recipient”).
WHEREAS , the Recipient was formerly an employee of Kindred Healthcare, Inc. (“Kindred”) who was awarded
shares of Kindred common stock, subject to restrictions (the “Kindred Award”);
WHEREAS , in connection with the merger of Kindred with and into the Company, the Company has determined that it is
desirable and in its best interests to substitute the Kindred Award with an award of shares of the Company’s Stock (the
“Stock”) subject to restrictions in such manner that the substitution shall not be considered a new award under the Code; and
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 Restricted Shares . On the terms and conditions of this Agreement and the Plan, the Company hereby grants
to the Recipient shares of Stock (the “Restricted Shares”). The extent to which the Restricted Shares become vested
and non-forfeitable shall be determined in accordance with the provisions of Section 2 of this Agreement. The date of grant of
the Restricted Shares is , 20 (the “Grant Date”).
The Recipient’s right, if any, to continue to be employed by the Company will not be enlarged or otherwise affected by the
receipt of this Award, and the receipt of this Award will not in any way restrict the right of the Company to terminate the
Recipient’s employment at any time.