Exhibit 10.08
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement (this "Amendment") between
Cardinal Health, Inc., an Ohio corporation (the "Company") and ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇ (the "Executive") is effective February 4, 2005 (the "Amendment Date").
WHEREAS, the Company and the Executive are parties to that certain
Employment Agreement dated February 1, 2004 between the Company and the
Executive (the "Employment Agreement"), pursuant to which the Executive serves
as the Company's President and Chief Operating Officer;
WHEREAS, the Compensation Committee of the Board of Directors of the
Company has determined, in connection with a review of the Executive's
compensation at the first anniversary of the Executive serving as President and
Chief Operating Officer of the Company, to modify certain components of the
Executive's compensation;
WHEREAS, the Company and the Executive desire to set forth in writing
these modifications to the compensation arrangements of the Executive;
NOW, THEREFORE, the parties hereto, in consideration of the mutual
covenants herein contained, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, and intending to be
legally bound hereby, agree as follows:
1. Salary. Effective as of the Amendment Date, Section 3(a) of the
Employment Agreement is hereby amended by replacing the term "$725,000" with
"$790,000".
2. Annual Bonus. Effective as of the Amendment Date, Section 3(b) of
the Employment Agreement is hereby amended by replacing the phrase "one hundred
and sixty percent (160%)" with "one hundred and forty percent (140%)".
3. Allowance. Effective as of the Amendment Date, the automobile
allowance previously provided by the Company to the Executive is hereby
discontinued and terminated.
Except as specifically amended by the provisions of this Amendment, all
terms of the Employment Agreement are unmodified and remain in full force and
effect.
CARDINAL HEALTH, INC.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Chairman and Chief Executive Officer
