Document:

RSA Director Agreement

    Exhibit
      10.24

    

    [FORM
      OF
      DIRECTOR RESTRICTED STOCK AWARD AGREEMENT]

    

    

    INVENTIV
      HEALTH, INC.

    

    RESTRICTED
      STOCK AWARD AGREEMENT

    

    THIS
      AGREEMENT, dated ________________,
      is made
      between inVentiv Health, Inc., a Delaware corporation (the "Company"), and
      ___________________________
      (the
      "Director").

    

    1.
      Restricted
      Stock Award. Subject
      to the terms and conditions set forth in this Agreement, the Company hereby
      grants to the Director, as of the date hereof (the "Grant Date"), an award
      of
X,XXX
      shares
      of common stock, par value $.001 per share, of the Company (the "Restricted
      Stock"). The Restricted Stock is granted under the inVentiv Health, Inc. 2006
      Long-Term Incentive Plan (the "Plan") and shall be governed by terms of the
      Plan, the terms of which are incorporated by reference into this Restricted
      Stock Award Agreement. Subject to the terms of this Agreement, the Director
      shall be entitled to exercise and enjoy all rights and entitlements, and will
      be
      subject to all obligations and restrictions, of ownership of the Restricted
      Stock as set forth in the Company's Certificate of Incorporation, as amended,
      including without limitation the right, subject to Section 7.3 of the Plan,
      to
      participate in all dividends and distributions with respect to the Company’s
      Common Stock. 

    

    2.
      Restrictions.
      The
      following restrictions shall apply to each share of Restricted Stock: (i) until
      such Restricted Stock vests in accordance with Section 3 hereof, one or more
      stock certificates representing the Restricted Stock will be issued in the
      Director's name, but will be held in custody by the Company or an escrow agent
      (which may be a brokerage firm) appointed by the Company, and the Director
      will
      not sell,
      assign, transfer or otherwise encumber any such unvested shares of Restricted
      Stock, other than by will or the laws of descent and distribution, and
      any
      such attempted disposition or encumbrance shall be void and unenforceable
      against the Company, provided
      that the Director may assign or transfer unvested shares of Restricted Stock
      with the consent of the Committee to (a) the Director’s spouse, children or
      grandchildren (including any adopted and step children or grandchildren), (b)
      to
      a trust or partnership for the benefit of one or more of the Director or the
      persons referred to in clause (a), or (c) for charitable donations; provided
      that the recipient shall be bound by and subject to all of the terms and
      conditions of the Plan and this Agreement and shall execute an agreement
      satisfactory to the Company evidencing such obligations; and provided further
      that such Director shall remain bound by the terms and conditions of the
      Plan;
      (ii)
      the stock certificate or certificates representing the Restricted Stock shall
      initially bear the legends provided for in Sections 8(a) and 8(b) below; (iii)
      except as provided in Section 3(b), upon termination of the Director's provision
      of services as a director of [or, to the extent determined by the Compensation
      Committee (the “Committee”) of the Board of Directors of the Company (the
“Board”), an independent contractor to] the Company for any reason whatsoever,
      with or without cause, whether voluntarily or involuntarily, all shares of
      Restricted Stock which had not vested as of the date of such termination will
      be
      forfeited and returned to the Company, and all rights of the Director or the
      Director's heirs in and to such shares will terminate, unless the Committee
      determines otherwise in its sole and absolute discretion. Subject to applicable
      law, the Director may sell, transfer, assign, give, place in trust, or otherwise
      dispose of or pledge, grant a security interest in, or otherwise encumber vested
      shares of Restricted Stock.

    

    3.
      Vesting of Restricted Stock. (a) The Restricted Stock will vest as follows:
      

    

    
      	·  	
              XX
                %
                of such shares of Restricted Stock shall vest on (1st
                anniversary of grant date);

            

    

    

    
      	·  	
              XX
                %
                of such shares of Restricted Stock shall vest on (2nd
                anniversary of grant date);

            

    

    

    
      	·  	
              XX
                %
                of such shares of Restricted Stock shall vest on (3rd
                anniversary of grant date);
                and

            

    

    

    
      	·  	
              XX
                %
                of such shares of Restricted Stock shall vest on
                --------------(4th
                anniversary of grant date).
                

            

    

    

    (b)
      All
      unvested shares of Restricted Stock will immediately become vested in the event
      that (a) (i) the Director is not nominated for reelection to the Board of
      Directors in connection with any stockholder meeting or consent pursuant to
      which directors are elected, unless the Director's term in office would not
      be
      affected by the election of the directors who are so nominated or unless related
      to the Director's resignation from the Board of Directors, (ii) notwithstanding
      any such nomination, the Director is not reelected to the Board of Directors
      upon the expiration of his term or (iii) the Director is removed from the Board
      of Directors (in each case other than for Cause) or (b) there is a Change of
      Control (as defined in the Plan) with respect to the Company. Such rights of
      acceleration are in addition to, and not in lieu of, any provision in the Plan
      for acceleration of vesting of restricted shares of Common Stock based on the
      same or similar events that is, by the terms of the Plan, otherwise applicable
      hereto. For purposes hereof, "Cause" means gross negligence, willful misconduct,
      breach of fiduciary duty or other matters determined by the Board to constitute
      cause upon notice to the Director.

    

    4.
      Effect
      of Vesting.
      Subject
      to the provisions of this Agreement, upon the vesting of any shares of
      Restricted Stock, the Company will deliver to the Director a certificate or
      certificates for the number of shares of Restricted Stock which had so vested,
      endorsed with the legend provided for in Section 8(b). Alternatively, the
      Company may elect to deliver vested shares of Restricted Stock electronically,
      and if it does so, the Director agrees to establish an account with a brokerage
      firm selected by the Company for the purpose of receiving such shares. Subject
      to applicable law, the Director may sell, transfer, assign, give, place in
      trust, or otherwise dispose of or pledge, grant a security interest in, or
      otherwise encumber vested shares of Restricted Stock. 

    

    5.
      Tax
      Withholding.
      It is a
      condition to the award of the Restricted Stock to the Director that the Director
      make arrangements satisfactory to the Company to satisfy all tax withholding
      amounts and other required deductions with respect to the Restricted Stock.
      The
      Director will be permitted to satisfy these obligations by (i) making a cash
      payment to the Company or (ii) directing the Company to sell vested shares
      of
      Restricted Stock in an amount sufficient to generate net proceeds equal to
      or
      exceeding the amount of such obligations. If the Director does not satisfy
      such
      obligations as and when the same become due, the Company will withhold a number
      of shares of Restricted Stock having a value, determined in the sole discretion
      of the Company, equal to the amount of the unsatisfied obligations and the
      Director will have no further interest in the withheld shares or any proceeds
      thereof and will have no right to be compensated therefor.

    

    6.
      Regulatory
      Compliance. The
      issuance and delivery of any stock certificates representing vested shares
      of
      Restricted Stock may be postponed by the Company for such period as may be
      required to comply with any applicable requirements under the federal securities
      laws or under any other law or regulation applicable to the issuance or delivery
      of such shares. The Company shall not be obligated to deliver any vested shares
      of Restricted Stock to the Director if the Company believes that such delivery
      would constitute a violation of any applicable law or regulation.

    

    7.
      Representations
      and Warranties. The
      Director hereby represents and warrants that the Restricted Stock awarded
      pursuant to this Agreement is being acquired for the Director's own account,
      for
      investment purposes and not with a view to distribution thereof. The Director
      acknowledges and agrees that any sale or distribution of shares of Restricted
      Stock that have become vested may be made only pursuant to either (i) a
      registration statement on an appropriate form under the Securities Act of 1933,
      as amended (the "Securities Act"), which registration statement has become
      effective and is current with regard to the shares being sold, or (ii) a
      specific exemption from the registration requirements of the Securities Act
      that
      is confirmed in a favorable written opinion of counsel, in form and substance
      satisfactory to counsel for the Company, prior to any such sale or distribution.
      The Director hereby consents to such action as the Board or the Company deems
      necessary or appropriate from time to time to prevent a violation of, or to
      perfect an exemption from, the registration requirements of the Securities
      Act
      or to implement the provisions of this Agreement, including but not limited
      to
      placing restrictive legends on certificates evidencing shares of Restricted
      Stock (whether or not vested) and delivering stop transfer instructions to
      the
      Company's stock transfer agent.

    

    8.
      Legends.
      (a)
      Each
      certificate representing any unvested shares of Restricted Stock shall be
      endorsed with a legend in substantially the following form:

    

    "THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A CERTAIN RESTRICTED
      STOCK AWARD AGREEMENT, DATED AS OF (GRANT
      DATE),
      WHICH
      PROVIDES, AMONG OTHER THINGS, FOR CERTAIN RESTRICTIONS ON THE TRANSFER AND
      ENCUMBRANCE OF SUCH SHARES. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL
      OFFICES OF THE COMPANY"

    

    (b)
      In
      addition to the legend set forth in paragraph (a) and above, until registered
      under the Securities Act, each certificate representing shares of Restricted
      Stock shall be endorsed with a legend in substantially the following
      form:

    

    "THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. SUCH
      SECURITIES MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
      WITHOUT SUCH REGISTRATION, EXCEPT UPON DELIVERY TO THE COMPANY OF SUCH EVIDENCE
      AS MAYBE SATISFACTORY TO COUNSEL FOR THE COMPANY TO THE EFFECT THAT ANY SUCH
      TRANSFER SHALL NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED
      THEREUNDER";

    

    9.
      Miscellaneous

    

    (a)
      Construction.
      This
      Agreement will be construed by and administered under the supervision of the
      Committee, and all determinations of the Committee will be final and binding
      on
      the Director.

    

    (b)
      Dilution.
      Nothing
      in this Agreement will restrict or limit in any way the right of the Board
      to
      issue or sell stock of the Company (or securities convertible into stock of
      the
      Company) on such terms and conditions as it deems to be in the best interests
      of
      the Company, including, without limitation, stock and securities issued or
      sold
      in connection with mergers and acquisitions, stock and securities issued or
      sold
      in connection with investments in the Company, stock issued or sold in
      connection with any stock option or similar plan, and stock issued or
      contributed to any qualified stock bonus or employee stock ownership
      plan.

    

    (c)
      Notices.
      Any
      notice hereunder shall be in writing and personally delivered or sent by
      registered or certified mail, return receipt requested, and addressed to the
      Company at inVentiv Health, Inc., 200 Cottontail Lane, Vantage Court North,
      Somerset, New Jersey 08873, Attention: Chief Financial Officer, or to the
      Director at 200 Cottontail Lane, Vantage Court North, Somerset, New Jersey
      08873, subject to the right of any party hereto to designate at any time
      hereafter in writing some other address.

    

    (d)
      Counterparts.
      This
      Agreement may be executed in counterparts each of which taken together shall
      constitute one and the same instrument.

    

    (e)
      Governing
      Law.
      This
      Agreement, which constitutes the entire agreement of the parties with respect
      to
      the grant to the Director of the Restricted Stock, shall be governed by, and
      construed and enforced in accordance with, the laws of the State of New York,
      without regard to principles thereof regarding conflict of laws.

    

    (f)
      Severability.
      Whenever possible, each provision of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Agreement is held to be prohibited by or invalid under applicable law,
      such provision shall be ineffective only to the extent of such prohibition
      or
      invalidity, without invalidating the remainder of this Agreement.

    

    (g)
      Amendment
      and Waiver.
      The
      provisions of this Agreement may be amended and waived only with the prior
      written consent of the Company and the Director.

    

    (h)
      Forfeiture
      of Restricted Stock.
      The
      Restricted Stock is subject to forfeiture upon a determination by the Committee
      that the Director has engaged in any of the conduct described in the first
      sentence of Section 13.5 of the Plan and that the Restricted Stock should be
      forfeited as a consequence.

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
      first above written.

    

    INVENTIV
      HEALTH, INC.

    

    

    

    

    By:
      ___________________________________

    Name:
      

    Title:
      

    

    

    

    

    ____________________________________

    DirectorStock Option Award Director Agreement

    Exhibit
      10.25

    

    [FORM
      OF
      DIRECTOR STOCK OPTION AWARD AGREEMENT]

    

    

    [Date]

    

    

    [Name
      and
      address of director]

    

    Dear
         :

    

    You
      are
      granted, effective as of    
      (the
“Option Grant Date”), an option (the “Option”) to purchase   
      shares
      of common stock, $0.001 par value (the “Options Shares”), of inVentiv Health,
      Inc. (the “Corporation”), pursuant to the inVentiv Health, Inc. 2006 Long-Term
      Incentive Plan (the “Plan”). The Option is subject to the terms and conditions
      set forth below and in the Plan, which is incorporated into and made a part
      of
      this Stock Option Agreement (this “Agreement”). Capitalized terms used in the
      Agreement have the same meaning as defined in the Plan.

    

    
      	1.  	
              Exercise
                Price:
                $ 
                per Option Share.

            

    

    

    
      	a.
                	
              Number
                of Option Shares: 

            

    

    

    
      	b.
                	
              Type
                of Option:
                Nonqualified Stock Option (i.e., an option which is not an incentive
                stock
                option under Section 422 of the
                Code).

            

    

    

    
      	c.
                	
              Vesting:
                The Option will vest as follows:

            

    

    

    
      	·  	
              the
                Option shall vest with respect to XX
                %
                of the Option Shares on (1st
                anniversary of grant date);

            

    

    

    
      	·  	
              the
                Option shall vest with respect to XX
                %
                of the Option Shares on (2nd
                anniversary of grant date);

            

    

    

    
      	·  	
              the
                Option shall vest with respect to XX
                %
                of the Option Shares on (3rd
                anniversary of grant date);
                and

            

    

    

    
      	·  	
              the
                Option shall vest with respect to XX
                %
                of the Option Shares on (4th
                anniversary of grant date).
                

            

    

    

    
      	d.
                	
              All
                unvested shares of Restricted Stock will immediately become vested
                in the
                event that (a) (i) the Director is not nominated for reelection to
                the
                Board of Directors in connection with any stockholder meeting or
                consent
                pursuant to which directors are elected, unless the Director's term
                in
                office would not be affected by the election of the directors who
                are so
                nominated or unless related to the Director's resignation from the
                Board
                of Directors, (ii) notwithstanding any such nomination, the Director
                is
                not reelected to the Board of Directors upon the expiration of his
                term or
                (iii) the Director is removed from the Board of Directors (in each
                case
                other than for Cause) or (b) there is a Change of Control (as defined
                in
                the Plan) with respect to the Company. Such rights of acceleration
                are in
                addition to, and not in lieu of, any provision in the Plan for
                acceleration of vesting of options based on the same or similar events
                that is, by the terms of the Plan, otherwise applicable hereto. For
                purposes hereof, "Cause" means gross negligence, willful misconduct,
                breach of fiduciary duty or other matters determined by the Board
                to
                constitute cause upon notice to the
                Director.

            

    

    

    
      	e.
                	
              Any
                unexercised portion of the Option shall be cancelled and terminated
                without payment therefor if the Fair Market Value of one share of
                Common
                Stock as of the date of a Change of Control is less than the exercise
                price per Option Share set forth
                above.

            

    

    

    
      	2.  	
              Registration
                Under Federal and State Securities Laws:
                The Option may not be exercised and the Corporation is not required
                to
                deliver Option Shares unless such Option Shares have been registered
                under
                Federal and applicable state securities laws, or are then exempt
                from such
                registration requirements.

            

    

    

    
      	3.  	
              Forfeiture
                of Option:
                The unexercised portion of the Option is subject to forfeiture upon
                a
                determination by the Committee that you have engaged in any of the
                conduct
                described in the first sentence of Section 13.5 of the Plan and that
                the
                Option should be forfeited as a
                consequence.

            

    

    

    
      	4.  	
              Expiration
                Date:
                The vested portion of the Option expires three months after termination
                of
                service to the Corporation, except if your service terminates by
                reason of
                death or disability, in which case the vested portion of the Option
                expires one year after termination of service to the Corporation.
                Except
                as provided in Section 1.d., the portion of the Option that has not
                vested
                as of the date of termination of your provision of services to the
                Corporation will be forfeited and returned to the Corporation, and
                all
                rights of you or your heirs in and to such portion of the Option
                will
                terminate, unless the Committee determines otherwise in its sole
                and
                absolute discretion. Subject to earlier termination as provided in
                this
                Agreement and the Plan, the Option expires on .

            

    

    

    
      	5.  	
              Tax
                Withholding.
                It is a condition to the award of the Option that you make arrangements
                satisfactory to the Corporation to satisfy all tax withholding amounts
                and
                other required deductions with respect to the Option and the Option
                Shares. You will be permitted to satisfy these obligations by (i)
                making a
                cash payment to the Corporation or (ii) directing the Corporation
                to sell
                vested Option Shares as to which the Option has been exercised in
                an
                amount sufficient to generate net proceeds equal to or exceeding
                the
                amount of such obligations. If you do not satisfy such obligations
                as and
                when the same become due, the Corporation will withhold a number
                of vested
                Option Shares as to which the Option has been exercised having a
                value,
                determined in the sole discretion of the Corporation, equal to the
                amount
                of the unsatisfied obligations and you will have no further interest
                in
                the withheld Option Shares or any proceeds thereof and will have
                no right
                to be compensated therefor.

            

    

    

    
      	6.  	
              Restrictions
                on Transfer:
                You are not permitted to sell,
                assign, transfer or otherwise encumber any portion of the Option,
                other
                than by will or the laws of descent and distribution, and
                any such attempted disposition or encumbrance shall be void and
                unenforceable against the Corporation, provided
                that you may assign or transfer the Option or a portion thereof with
                the
                consent of the Committee to (a) your spouse, children or grandchildren
                (including any adopted and step children or grandchildren), (b) to
                a trust
                or partnership for the benefit of one or more of you or the persons
                referred to in clause (a), or (c) for charitable donations; provided
                that
                the recipient shall be bound by and subject to all of the terms and
                conditions of the Plan and this Agreement and shall execute an agreement
                satisfactory to the Corporation evidencing such obligations; and
                provided
                further that you shall remain bound by the terms and conditions of
                the
                Plan.

            

    

    

    Please
      acknowledge your acceptance of this inVentiv Health, Inc. nonqualified Stock
      Option Agreement by signing in the space below. Return the original signed
      Agreement in the envelope provided and retain the copy of the Agreement for
      your
      records. 

    

    The
      Corporation by its duly authorized officer agrees to the terms and conditions
      of
      this Agreement and of the Plan.

    

     

     

    
      	 	 	 
	
              Name:

              Title:

            	 	 
	
               

               

              The
                undersigned accepts the Option subject to the terms and conditions
                of the
                Plan and this Agreement. The undersigned acknowledges and agrees
                to be
                bound by (or, if the undersigned has previously so agreed, reaffirms
                his
                or her acknowledgement of and agreement to be bound by) the Corporation’s
                insider trading policy.

               

               

            
	 	 	 
	
              [Name]

            	 	
              Date

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