Document:

EX-10.20

Court File No. 06-CV-319424PD1

ONTARIO

SUPERIOR COURT OF JUSTICE

B E T W E E N:

BRIAN PEDLAR

Plaintiff

- and -

MERGE TECHNOLOGIES INCORPORATED and

CEDARA SOFTWARE CORP.

Defendants

MINUTES OF SETTLEMENT

	1.	 	The Defendants shall pay to the Plaintiff within fifteen (15) days hereof:

	 	a.	 	the sum of $536,000, less any necessary statutory deductions, on account of the
Plaintiff’s employment claims set forth in the Statement of Claim; and

	 	b.	 	the sum of $50,000 (without any deduction) as damages on account of the
Plaintiff’s non-employment related claims set forth in the Statement of Claim. This
amount shall be payable to Paliare Roland, in Trust, subject to the escrow provisions
set forth below.

	2.	 	Within fifteen (15) days of the date hereof, and upon receipt of an account from Paliare
Roland, Cedara Software Corp. shall pay to Paliare Roland the sum of $90,000 plus Goods and
Services Tax.

	3.	 	The Defendants acknowledge and agree that as of the date of these Minutes of Settlement, they
are aware of no facts which would give rise to any complaint of wrongdoing by the Plaintiff,
or cause of action against the Plaintiff by the Defendants, whether criminal, regulatory or
civil.

	4.	 	Within fifteen (15) days, the Defendants shall immediately pay to DLA Piper Rudnick the sum
of US$58,684.03, subject to the Defendants’ verification, on account of its representation of
the Plaintiff in the Class Action and in respect of the SEC Investigation (as those two terms
are defined in the Statement of Claim in this proceeding).

	5.	 	The Defendants shall pay or resolve all future accounts rendered by the Plaintiff’s counsel
in respect of the representation of the Plaintiff in the Class Action and/or the SEC
Investigation within 30 days of those accounts being rendered.

	6.	 	Subject to the satisfaction of the Defendants’ obligations under these Minutes of Settlement,
and subject to the further provisions set forth below, the Plaintiff releases the Defendants
from all claims, actions, causes of action, suits or demands of any kind (“Claims”) that he
has or may have against the Defendants, or their respective officers, directors, employees,
affiliates, subsidiaries, or insurers arising up to the date of these Minutes of Settlement,
in respect of the matters claimed or which could have been claimed in this proceeding and
which arise from his employment with the Defendants; for clarity, however, this shall not
include Claims, if any, related to the Class Action (as that term is defined in the Statement
of Claim).

	7.	 	The parties agree to maintain in confidence the fact of the settlement of this proceeding,
and all of its terms, subject to any disclosure of the fact of the settlement or its terms
that may be required by law (including without limitation arising as a result of regulatory
requirements or as part of the parties’ disclosure obligations in any proceedings) or to the
parties’ respective legal and financial advisors, and in the case of the Plaintiff, to his
spouse.

	8.	 	Upon completion of the Defendants’ obligations under paragraphs 1 and 2 of these Minutes of
Settlement, and subject to the provisions set forth below, the Plaintiff agrees to provide
reasonable cooperation in the Sidley Investigation (as that term is defined in the Statement
of Claim), and in an investigation being carried out by the special litigation committee of
the Defendant Merge Technologies Incorporated’s board of directors (the “Litigation Committee
Investigation” and the “Litigation Committee”, respectively). Without limitation, such
cooperation shall include:

	 	a.	 	Making himself available for interviews in Chicago, IL, Washington, DC, or
Toronto, ON (as the relevant participants may agree) in respect of the above
investigations on or before April 30, 2007 on such dates as may be convenient for the
Plaintiff, Sidley Austin LLP and the Litigation Committee’s counsel;

	 	b.	 	Producing copies of any documents in his possession that are relevant to the
Sidley Investigation or the Litigation Committee Investigation as may be required by
Sidley Austin LLP or the Litigation Committee (subject to any claims of privilege that
he may assert); and

	 	c.	 	Responding to questions put to him in any such interviews to the best of his
knowledge, information and belief (subject to any claims of privilege which he may
assert).

	9.	 	The parties agree that Paliare Roland shall hold the funds payable pursuant to paragraph 1(b)
of these Minutes in escrow until the earlier of:

	 	a.	 	Confirmation by Stikeman Elliott LLP as to the completion of the initial two
business days of the interviews contemplated in paragraph 9(a), above (or such lesser
amount of time as Sidley Austin LLP and the Litigation Committee may require); and

	 	b.	 	April 30, 2007.

	10.	 	As a condition to the Plaintiff cooperating in the Sidley Investigation and the Litigation
Committee Investigation, the Defendants agree that:

	 	a.	 	The Plaintiff will be entitled to be represented by counsel in respect of any
meetings or interviews (whether in person or by telephone or other electronic means) in
the Sidley Investigation and the Litigation Committee Investigation;

	 	b.	 	The Defendants will pay all reasonable accounts that the Plaintiff’s counsel
renders in representing him in respect of the Sidley Investigation and the Litigation
Committee Investigation within 30 days of those accounts being rendered;

	 	c.	 	The Defendants will reimburse the Plaintiff for all reasonable expenses he
incurs in cooperating with the Sidley Investigation and the Litigation Committee
Investigation within 30 days of the Plaintiff submitting such expenses for
reimbursement. For clarity, such amounts shall not include any compensation for the
Plaintiff’s time in participating in these investigations;

	 	d.	 	The Defendants will hold in confidence all information that Pedlar provides in
the course of the Sidley Investigation and the Litigation Committee Investigation
except as may be required by law; and

	 	e.	 	The Defendants will obtain an undertaking from Sidley Austin LLP (“Sidley”)
that neither Sidley nor any person or organization participating in the Sidley
Investigation will disclose any information they obtain from the Plaintiff in the
course of the Sidley Investigation except to Merge Technologies, Incorporated’s board
of directors, any committee of the board, or the Defendants’ professional legal and
financial advisors, in respect of any inquiry from a securities regulator or as may be
required by law.

	11.	 	The parties agree that they will not disparage one another in the future; provided, however,
that this term shall have no impact on the parties’ obligation to provide true and accurate
testimony and information in any proceedings (including the Class Action) and in the SEC
Investigation, the Sidley Investigation and the Litigation Committee Investigation. The
Defendants will provide the Plaintiff with advance notification of any filings or public
written communications that they intend to make that reference the Plaintiff, and will provide
him with an opportunity to comment thereon.

	12.	 	The Plaintiff will maintain in confidence all confidential information which he acquired
during his employment with the Defendants, and will not disclose any such information to any
third party except as may be required by law, or as may result from his participation in the
investigations and proceedings described in these Minutes of Settlement. The Plaintiff will
not use for his own benefit or that of a third party any such information learned during the
course of his employment other than confidential information which becomes public knowledge.

	13.	 	Nothing herein shall have any impact on the Defendants’ obligation to indemnify the
Plaintiff, or the terms of the Defendants’ indemnities in favour of the Plaintiff provided by
statute and under the Defendants’ articles and/or by-laws.

	14.	 	The Plaintiff agrees to indemnify the Defendants in respect of any amounts that the
Defendants become obliged to pay to any taxing authority if it is subsequently determined that
the Defendants should have withheld any greater amount from the payments set out herein.

	15.	 	Upon completion of the Defendants’ obligations under paragraphs 1 and 2 of these Minutes of
Settlement, the Defendants shall be at liberty to (and shall forthwith) obtain an order
dismissing this action without costs. The Plaintiff consents to the Defendants’ counsel
signing all necessary documents on his behalf that are necessary to obtain the order.

	16.	 	The parties agree that nothing herein shall constitute an admission by any party of liability
to the other, which the parties agree is expressly denied.

	17.	 	The Defendants shall pay the mediator’s account in this matter.

Dated at Toronto, this 22nd day of February, 2007

     

Brian Pedlar

1

     

Merge Technologies, Inc.

Per:

I have authority to bind the corporation

     

Cedara Software Corp.

Per:

I have authority to bind the corporation

651046_1.DOC

2EX-10.1

Exhibit 10.1

RETENTION RESTRICTED STOCK UNIT AWARD AGREEMENT

eFunds Corporation

2006 STOCK INCENTIVE PLAN

	 	 	 
	 
	 	 
	 
	 	 
	Optionee:

	 	Optionee ID #:
	 
	 	 
	Grant number:

	 	

	     

	 	«M     Restricted Stock Units»
	 
	 	 
	Grant date:      ,      

	 	

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by eFunds Corporation, a
corporation incorporated under the laws of the State of Delaware (the “Company”), United States of
America, to   (the “Recipient”) as of the 26th day of February, 2007 (the
“Grant Date”).

RECITALS:

WHEREAS, the Company has adopted the eFunds Corporation 2006 Stock Incentive Plan, as the same
may be amended from time to time (the “Plan”), pursuant to which it may grant Awards to Eligible
Persons;

WHEREAS, all capitalized and undefined terms used herein shall have the meanings given to them
in the Plan, unless otherwise defined herein; and

WHEREAS, the Recipient has provided or is expected to provide valuable services to the Company
or its Affiliates as an officer of or to the Company or any of its Affiliates and the Company
desires to recognize the Recipient for such services by granting to the Recipient an award (the
“Award”) upon and subject to the terms and conditions of this Agreement and the Plan.

NOW THEREFORE the parties hereto agree as follows:

	 	 	Section 1. Award.

(a) The Company, effective as of the date of this Agreement, hereby grants to the Recipient,
and the Recipient hereby accepts from the Company, upon the terms and subject to the conditions,
limitations and restrictions set forth in this Agreement and the Plan, restricted stock units (the
“Restricted Stock Units”) convertible into «M     » shares (the “Shares”) of the Company’s Common
Stock, par value $0.01 per share.

(b) Subject to the acceleration and forfeiture provisions set forth below, 50% of the
Restricted Stock Units shall vest and be converted into Shares on February 19, 2010 and the
remaining portion of the Restricted Stock Units shall vest and be converted into Shares on February
19, 2011. Any unvested portion of the Restricted Stock Units shall be immediately forfeited and
the Recipient shall retain no residual rights therein whatsoever if the Recipient’s employment with
or services to the Company and its Affiliates shall be terminated for any reason other than a
“Qualifying Termination.” As used herein, a “Qualifying Termination” shall mean Recipient’s (i)
death or “Disability” or (ii) the involuntary termination of Recipient’s services by the Company
without “Cause” after the “Milestone Date.” “Qualifying Termination” shall also include
Recipient’s voluntary termination of his or her employment with the Company and its Affiliates for
“Good Reason” following a “Change in Control” or a termination of Recipient’s employment with the
Company and its Affiliates by the Company (or the relevant Affiliate) following a “Change in
Control” and without “CIC Cause.” The date of any termination of Recipient’s employment with or
services to the Company and its Affiliates is herein referred to as the “Termination Date.” Any
portion of this Award that does not vest on the Termination Date shall be extinguished, and the
Recipient shall retain no residual rights of any kind in respect thereof.

Section 2. Definitions.

“Change in Control Agreement” shall mean that certain Change in Control Agreement, dated
     ,      , by and between the Recipient and the Company, as the same may be hereinafter
amended or modified.

“Cause” shall mean:

(i) Recipient has breached Recipient’s obligations of confidentiality to the Company or
any of its Affiliates or with respect to its or their businesses or anyone having a business
relationship with the Company or any of its Affiliates (collectively, “Customers”);

(ii) Recipient has otherwise failed to perform Recipient’s duties and does not cure
such failure within thirty (30) days after receipt of written notice thereof;

(iii) Recipient commits an act, or omits to take action, in bad faith which results in
material detriment to the Company or any of its Affiliates or any of its or their Customers;

(iv) Recipient has had excessive absences unrelated to illness or vacation (“excessive”
shall be defined in accordance with local employment customs);

(v) Recipient has committed fraud, misappropriation, embezzlement or other acts of
dishonesty in connection with the Company or any of its Affiliates or its or their
businesses or Customers;

(vi) Recipient has been convicted or has pleaded guilty or nolo contendere to criminal
misconduct constituting a felony or gross misdemeanor, which gross misdemeanor involves a
breach of ethics, moral turpitude or immoral or other conduct reflecting adversely upon the
reputation or interest of the Company or its Affiliates or any of its or their Customers;

(vii) Recipient’s use of narcotics, liquor or illicit drugs has had a detrimental
effect on the performance of Recipient’s responsibilities to the Company or its Affiliates;
or

(viii) Recipient is in default under any agreement between Recipient and the Company or
any of its Affiliates or any of its or their Customers.

A “Change of Control” shall be deemed to have occurred concurrently with the occurrence of any
Effective Date.

“CIC Cause” shall have the meaning assigned to the term “Cause” in the Change in Control
Agreement.

“Disability” shall mean the absence of the Recipient from the Recipient’s duties with the
Company or its Affiliates, as the case may be, on a full-time basis for 180 consecutive days as a
result of incapacity due to mental or physical illness which is determined to be permanent by a
physician selected by the Company or its insurers and acceptable to the Recipient or Recipient’s
legal representative.

“Effective Date” shall have the meaning assigned to such term in the Change in Control
Agreement.

“Good Reason” shall have the meaning assigned to such term in the Change in Control Agreement;
[CEO/CFO only] provided, however, that Section III (C)(1) of such definition shall
be deemed to have been modified, for purposes of this Agreement only, to incorporate the following
proviso, “provided, however, that Executive shall not have “Good Reason” to resign
solely as a result of the fact that the Company is no longer a public company, or that, in
connection with the Effective Date, the Board is replaced in its entirety with one or more
individuals designated by the Persons Controlling the Company so long as (i) the Company remains
in existence as a corporation, (ii) Executive is not required to act as [CEO/CFO] of the Company
while it is a direct or indirect subsidiary of another publicly held company, [CEO only]: (iii) all
Company employees report, directly or indirectly, solely to the Executive], and (iii)[iv] any
change or diminution in the Executive’s duties and responsibilities relates solely to the absence
of his former duties and responsibilities to the Board and the Company’s former public
shareholders;

“Milestone Date” shall mean February 26, 2009.

	 	 	Section 3. Accelerated Vesting.

Notwithstanding the vesting provisions contained in Section 1(b) above, but subject to the
other terms and conditions set forth herein, the vesting and conversion of the Restricted Stock
Units shall be accelerated as follows under the circumstances described below:

(i) if a Qualifying Termination results from the (A) death or Disability of the
Recipient or (B) the involuntary termination of the Recipient’s employment without Cause
after the Milestone Date, a percentage of the Restricted Stock Units representing the
closest number of whole shares determined by dividing (x) the number of whole months elapsed
between the Grant Date and the Termination Date by (y) 48 shall vest and be converted into
Shares on such Termination Date;

(ii) if the Effective Date should occur, a percentage of the Restricted Stock Units
representing the closest number of whole shares determined by dividing (A) the number of
whole months elapsed between the Grant Date and such Effective Date by (B) 48 shall vest and
be converted into Shares on the Effective Date; and

(iii) if a Qualifying Termination results from the Recipient’s voluntary termination
for Good Reason following a Change in Control or a termination of the Recipient’s employment
without CIC Cause following a Change in Control, all of the Restricted Stock Units shall
vest and be converted into Shares.

Section 4. Issuance of Stock Certificate

Any Shares into which all or a portion of the Restricted Stock Units are converted will be
transferred by book entry to an account designated by the Recipient (or his or her heirs).
Alternatively, the Recipient (or his or her heirs) may request a stock certificate representing the
Shares to be issued to the Recipient (or his or her heirs).

Section 5. Tax Withholding.

In order to provide the Company with the opportunity to claim the benefit of any income tax
deduction which may be available to it upon the conversion of the Restricted Stock Units, and in
order to comply with all applicable income tax laws or regulations, the Company may take such
action as it deems appropriate to ensure that all applicable income, withholding, social security,
payroll or other taxes, which are the sole and absolute responsibility of the Recipient, are
withheld or collected from the Recipient. Recipient may, at the Recipient’s election (the “Tax
Election”), satisfy applicable tax withholding obligations by (a) electing to have the Company
withhold a portion of the Shares otherwise to be delivered upon conversion of the Restricted Stock
Units having a fair market value equal to the Company’s minimum statutory withholding rate
multiplied by the amount of income recognized by the Recipient in connection with such conversion,
(b) delivering to the Company shares of Common Stock having a fair market value equal to the amount
of such taxes or (c) delivering to the Company cash or a check in the amount of such taxes. The
Tax Election must be made on or before the date that the amount of tax to be withheld is determined
and if Recipient does not affirmatively select another of the above options, Recipient will be
deemed to have elected to satisfy Recipient’s tax obligations pursuant to option (a) above.

Section 6. No Transfer.

The Recipient shall not, directly or indirectly, sell, pledge or otherwise transfer or dispose of
any portion of the Restricted Stock Units or the rights and privileges pertaining thereto, other
than by will or the laws of descent and distribution. Neither the Restricted Stock Units nor the
Shares into which they are convertible shall be liable for or subject to, in whole or in part, the
debts, contracts, liabilities or torts of the Recipient, nor will they be subject to garnishment,
attachment, execution, levy or other legal or equitable process.

	 	 	Section 7. Certain Legal Restrictions.

The Company will not be obligated to sell or issue any Shares upon the conversion of the Restricted
Stock Units or otherwise unless the issuance and delivery of such Shares complies, in the judgment
of the Company, with all relevant provisions of applicable law and other legal requirements
including, without limitation, any applicable securities laws and the requirements of any market or
stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a
condition to the conversion of the Restricted Stock Units, the Company may require the Recipient to
make such representations and warranties as may be necessary to assure the availability of an
exemption from the registration requirements of any applicable securities laws. The Company shall
have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any
Shares issued to the Recipient pursuant to the conversion of the Restricted Stock Units. Shares
issued upon the conversion of the Restricted Stock Units may not be transferred except in
accordance with applicable securities laws. At the Company’s election, the certificate evidencing
the Shares issued to the Recipient will bear appropriate legends restricting transfer under
applicable law.

	 	 	Section 8. Disputes.

Any dispute arising out of or in connection with this Agreement shall be finally settled under the
commercial rules of the American Arbitration Association by one or more arbitrators appointed in
accordance with such Rules. The place of arbitration shall be Phoenix, Arizona, U.S.A., and the
arbitration shall be conducted in the English language. [Delete from CEO Agreement]

Section 9. Governing Law.

This Agreement shall be governed by, and construed and interpreted in accordance with, the law of
the State of Delaware, U.S.A., which shall be the proper law of this Agreement notwithstanding any
rules of conflict of laws or private international law therein contained under which any other law
would be made applicable.

	 	 	Section 11. Payments.

All cash payments hereunder shall be made in United States Dollars unless another currency is
selected at the discretion of the Company. Currency translations shall be made in accordance with
such methods and at such exchange rates as the Company may determine to be fair and appropriate in
its sole discretion.

Section 12. Miscellaneous.

The following general provisions shall apply to the Award evidenced by this Agreement:

(a) Neither the Recipient nor any Person claiming under or through the Recipient will have any
of the rights or privileges of a stockholder of the Company in respect of any of the Shares
issuable upon conversion of the Restricted Stock Units unless and until certificates representing
such Shares have been issued and delivered or, if Shares may be held in uncertificated form, unless
and until the appropriate entry evidencing such transfer is made in the stockholder records of the
Company; provided, however, that Recipient shall receive, as additional
compensation, payments equivalent to any dividend paid on the Company’s Common Stock in an amount
equal to the amount of any such dividend paid on one share of Common Stock multiplied by the number
of Shares which are subject to this Award as of the record date for such dividend.

(b) Subject to the limitations in this Agreement on the transferability by the Recipient of
the Restricted Stock Units and any Shares issued pursuant thereto, this Agreement will be binding
on and inure to the benefit of the successors and assigns of the parties hereto.

(c) If any provision of this Agreement is held to be illegal, invalid or unenforceable under
any applicable law, then such provision will be deemed to be modified to the minimum extent
necessary to render it legal, valid and enforceable, and if no such modification will render it
legal, valid and enforceable, then this Agreement will be construed as if not containing the
provision held to be invalid, and the rights and obligations of the parties will be construed and
enforced accordingly.

(d) This Agreement, together with the Plan, embodies the complete agreement and understanding
among the parties with respect to the subject matter hereof and supersedes and preempts any prior
or contemporaneous written or oral understandings, agreements or representations by or among any of
the parties that may have related to the subject matter hereof in any way. In the event of any
inconsistency or conflict between the provisions of this Agreement and the Plan, the provisions of
the Plan shall govern. In the event of any conflict or any inconsistency between the provisions of
this Agreement and any other written agreement between the Company or its Affiliates and the
Recipient regarding the acceleration of the vesting provisions hereof, the terms this Agreement
shall govern, it being the understanding of the parties that this Award shall be exempt from the
requirements of Section V(A)(3)(a) and (b) of the Change in Control Agreement. Any question of
administration or interpretation arising under this Agreement shall be determined by the Committee,
and such determination shall be final, conclusive and binding upon all parties in interest.

(e) Nothing in this Agreement or the Plan shall be construed as giving the Recipient the right
to be retained as an officer, consultant, advisor or employee of the Company or any of its
Affiliates. In addition, the Company or an Affiliate may at any time dismiss the Recipient, free
from any liability or any claim under this Agreement, unless otherwise expressly provided in this
Agreement.

(f) The Company may not amend, alter, suspend, discontinue or terminate this
Agreement, prospectively or retroactively, in any manner that would have an adverse effect on the
rights of the Recipient hereunder without the consent of the Recipient (or his or her
beneficiaries).

(g) This Award shall be effective on the Grant Date but shall be forfeited in its entirety and
of no further force and effect if the Recipient has not countersigned this Agreement and delivered
a fully-executed version to the Company within 21 days of such Date.

1

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

eFunds Corporation

	 	 	 
	By:

	 	

	 

	 	 
	Its:

	 	

Grant number:

Grant date:      

ACKNOWLEDGED

     

Recipient

SEC/10K/2007/Exhibit 10.1

2

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