Bart J. Doedens letter



 EXHIBIT 10.9 
 

 
 CORPORATE HEADQUARTERS 
 April 25, 2006 
 Bart J. Doedens, M.D. 
 President, EBI, L.P. 
 100 Interpace Parkway 
 Parsippany, NJ 07054 
 Re: Fiscal year 2006/2007 and Relocation Expenses 

 Dear Bart: 
 The purpose of
this letter is to provide you with certain assurances with respect to your salary and bonus income in Fiscal 2006 and Fiscal 2007, and to address relocation issues related to your move to the Parsippany, New Jersey area (“Parsippany”). The
assurances discussed below will commence upon your relocation to Parsippany, or June 1, 2006, whichever occurs last. 
 Salary and Bonus Income 
 As Vice President, Biomet, Inc. and President, EBI, L.P., you will receive base compensation of $425,000.00
in Fiscal 2007. Your Fiscal 2006 target bonus is $ 250,000.00, and this bonus amount will be guaranteed for Fiscal 2006 regardless of whether the Company and/or EBI meets its target bonus performance objectives. It is expected that the balance of
this bonus payment will be made in early July 2006; however, if you complete your relocation to Parsippany before that time, we will immediately make the payment to you. 
 Relocation Package 
  

	 	(a)	Biomet will reimburse your actual relocation expenses for personal property from Stuart, Florida, by a household mover acceptable to both yourself and Biomet. Biomet will require
two (2) quotes and the coordination of movers will be managed by Darlene Whaley, Vice President of Human Resources at Biomet. Biomet will not consider charges for unpacking belongings in Parsippany. 

  

	 	(b)	Biomet will pay you a one-time relocation bonus payment in the amount of $500,000.00, payable upon your purchase of a new home in Parsippany. This payment will be grossed up to
minimize the income tax consequences to you. 

  

	 	(c)	Biomet will agree to repurchase your home in West Palm Beach, Florida, based upon the average of two appraisals. The two appraisers that are selected will be acceptable to both
yourself and Biomet. Darlene Whaley will manage the coordination of obtaining the appraisals of your home in Florida. Alternatively, if allowed pursuant to applicable laws and regulations (which will be determined within the next 14 days), you agree
that Biomet may pay to you the net equity in your home and assume the mortgage obligation. 

  

			
	 Mailing Address
 P.O. Box 587
 Warsaw, IN 46581-0587
	 	 Shipping Address
 56 E. Bell Dr.
 Warsaw, IN 46582


  

					
	 Office
 574-267-6639
	 	 Fax
 574-267-8137
	 	 E-Mail
 biomet@biomet.com









 Bart J. Doedens, M.D. 
 Fiscal year 2006/2007 and Relocation Expenses 
 Page Two 
 In the event that you chose to leave your employment at EBI, L.P. within one year of your relocation to Parsippany which is expected to take place on or about
June 1, 2006, and Biomet is not in breach of its obligations to you, you will reimburse 100% of your actual relocation expenses, including the one-time “grossed up” relocation bonus payment described in paragraph(b). Similarly, if you
choose to leave after the first anniversary, but before the second anniversary of your relocation, you will reimburse 50% of your actual relocation expenses, including the one-time “grossed up” relocation bonus. 
 Lastly, the Compensation Committee of the Board of Directors is presently working with a compensation consultant to consider, among other things, change in control
agreements for certain members of senior management. The Compensation Committee intends to include you in that group and it is expected that upon a change in control should you be constructively or involuntarily terminated (double trigger), you
would receive a payment of two (2) times your salary and target bonus. The agreement would also include other usual and customary terms of such agreements, including acceleration of stock options. 
 Your formal acceptance of this offer may be accomplished by signing where indicated below, and returning this original offer letter to my attention on or before
April 25, 2006. If we do not receive your signed letter by this date, the offer is void. As we anticipate a prompt reply, please feel free to contact Dan, Brad or myself with any questions. We look forward to working with you in making your
relocation to Parsippany as smooth as possible. 
  

	
	Sincerely,
	
	 /s/ Darlene Whaley

	Darlene Whaley
	Vice President of Human Resources Biomet, Inc.

 ACCEPTED AND AGREED THIS 25th day of April, 2006. 
  

	
	 /s/ Bart J. Doedens

	Bart J. Doedens, M.D.

  

			
	 Mailing Address
 P.O. Box 587
 Warsaw, IN 46581-0587
	 	 Shipping Address
 56 E. Bell Dr.
 Warsaw, IN 46582


  

					
	 Office
 574-267-6639
	 	 Fax
 574-267-8137
	 	 E-Mail
 biomet@biomet.com