Document:

Exhibit 10.7

INDEMNIFICATION AGREEMENT

THIS AGREEMENT is made as of December 28, 2005 (the “Closing
Date”), by and between each of BD Investment Holdings Inc. (“Holdings”),
LPL Holdings, Inc., a Massachusetts corporation (“LPL”, and together
with Holdings, each a “Company”), and Esther M. Stearns (the “Indemnitee”),
an officer and/or director of a Company.

RECITALS

WHEREAS, although the Restated Articles of
Organization and the By-laws of LPL provide for indemnification of the officers
and directors of LPL and the Indemnitee may also be entitled to indemnification
pursuant to the Massachusetts Business Corporation Act, the Massachusetts
Business Corporation Act expressly contemplates that contracts may be entered
into between LPL and officers of LPL and/or members of the Board of Directors
of LPL with respect to indemnification of officers and directors; and

WHEREAS, the Indemnitee’s continued service to each
Company substantially benefits the Companies; and

WHEREAS, each of the Boards of Directors of LPL and
Holdings has determined that it is in the best interest of the Companies and
that it is reasonably prudent and necessary for each Company contractually to
obligate itself to indemnify, and to pay, on a current basis, expenses in
advance of a final disposition of any Proceeding on behalf of the Indemnitee to
the fullest extent permitted by applicable law in order to induce the
Indemnitee to serve or continue to serve the Companies free from undue concern
that the Indemnitee will not be so indemnified or that any indemnification
obligation will not be met; and

WHEREAS, this Agreement is a supplement to and in
furtherance of (a) the Restated Articles of Organization and Bylaws of LPL, and
(b) the certificate and bylaws or partnership agreement, as the case may be, of
Holdings and any Enterprise (as defined below) and any resolutions adopted
pursuant thereto, and shall not be deemed, a substitute therefor, nor to
diminish or abrogate any rights of the Indemnitee thereunder; and

WHEREAS, the Indemnitee is willing to serve, continue
to serve and to take on additional service for or on behalf of the Companies
and certain other Enterprises on the condition that the Indemnitee be so
indemnified;

NOW, THEREFORE, in consideration of the promises and
the covenants contained herein, each Company and the Indemnitee do hereby
covenant and agree as follows:

1.             Definitions.
For purposes of this Agreement, the following terms shall have the meanings
hereafter assigned to them:

(a)           “Corporate Status” describes
the status of a person who is or was a director, trustee, general partner,
managing member, officer, employee, agent or fiduciary of a Company or of any
other Enterprise.

(b)           A “Disinterested Director”
shall mean a director of the applicable Company who, at the time of a vote
referred to in the definition of Reviewing Party is not (i) the Indemnitee,
(ii) a Party to (or a participant in) the Proceeding for which indemnification
is sought or (iii) an individual having a familial, financial, professional or
employment relationship with the Indemnitee, which relationship would, in the
circumstances, reasonably be expected to exert an influence on such director’s
judgment when voting on the decision being made.

(c)           “Enterprise” shall mean (i)
the Companies and (ii) any other corporation, partnership, limited liability
company, joint venture, trust, employee benefit plan or other enterprise which
is an affiliate or wholly or partially owned subsidiary of the Companies and of
which the Indemnitee is or was serving as a director, trustee, general partner,
managing member, officer, employee, agent or fiduciary; and (iii) any other
corporation, partnership, limited liability company, joint venture, trust,
employee benefit plan or other enterprise, in each case, of which Indemnitee is
or was serving at the request of a Company. For purposes of this Agreement, a
director or officer will be considered to be serving on an employee benefit
plan at a Company’s request if the individual’s duties to such Company also
impose duties on, or otherwise involve services by, the individual to the plan.

(d)           “Expenses” shall mean all
reasonable expenses, including, but not limited to, attorneys’ fees, retainers,
court costs, transcript costs, fees of experts, witness fees, travel expenses,
duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, being or preparing to be a witness in, or
otherwise participating in, a Proceeding. Expenses shall include such fees and
expenses, and costs incurred in connection with any appeal resulting from any
Proceeding, including without limitation the premium, security for, and other
costs relating to any cost bond, supersedeas bond, or other appeal bond or its
equivalent, Expenses, however, shall not include amounts paid in settlement by
the Indemnitee or the amount of judgments or fines against the Indemnitee.

(e)           “Fines” shall mean any excise
tax assessed with respect to any employee benefit plan; references to “serving
at the request of a Company” shall include any service as a director, trustee,
general partner, managing member, officer, employee, agent or fiduciary of a
Company or an Enterprise which imposes duties on, or involves services by, such
director, trustee, general partner, managing member, officer, employee, agent
or fiduciary with respect to an employee benefit plan, its participants or
beneficiaries; and a person who acted in good faith and in a manner he
reasonably believed to be in the best interests of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner “not opposed to the best interests of the Companies” as referred to in
this Agreement.

(f)            An “Indemnifiable Event”
shall mean any Proceeding in which the Indemnitee was, is or will be involved
as a Party or otherwise by reason of the fact that the Indemnitee is or was an
officer or director of any of the Companies or the Enterprises, by reason of
any acts or omissions on his part while acting as an officer or director of
such Company, or by reason of the fact that he is or was serving as a director,
trustee, general partner, managing member, officer, employee, agent or
fiduciary of any other Enterprise, in each case whether or not serving in such
capacity at the time any Expense, judgment, fine or amount paid in settlement

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is incurred for which
indemnification, reimbursement, or advancement of Expenses can be provided
under this Agreement.

(g)           An “Indemnitee Statement”
shall mean a written demand by the Indemnitee to a Company for a payment
pursuant to Section 2(b) of this Agreement, accompanied by a written statement,
dated the date of such statement, from the Indemnitee to a Company in which the
Indemnitee (i) affirms, with respect to the applicable Indemnifiable Event, the
Indemnitee’s good faith belief that the Indemnitee has met the relevant
standard of conduct described in Subdivision E of Part 8 of the Massachusetts
Business Corporation Act or that the Proceeding involves conduct for which
liability has been eliminated under such Company’s articles of organization or
bylaws and (ii) undertakes to repay any funds paid in advance of a final
disposition of a Proceeding (or funds paid directly by a Company advance of a
final disposition of a Proceeding) with respect to the applicable Indemnifiable
Event, the Indemnitee is not entitled to indemnification under applicable law
as ultimately determined by a court of competent jurisdiction or by the
Reviewing Party that the Indemnitee has not met the relevant standard of
conduct described in Subdivision E of Part 8 of the Massachusetts Business
Corporation Act.

(h)           An “IPO” shall mean an
underwritten initial public offering or public offering of shares of BD
Investment Holdings Inc. pursuant to a registration statement under the
Securities Act of 1933, as amended, or any successor federal statute thereto,
and the rules and regulations of the Securities and Exchange Commission
promulgated thereunder.

(i)            A “Liability” shall mean an
obligation to pay a judgment, settlement, penalty, and/or Fine (including an
excise tax assessed with respect to an employee benefit plan) in connection
with an Indemnifiable Event and any Expenses incurred in connection with an
Indemnifiable Event.

(j)            A “Party” shall mean an
individual who was, is, or is threatened to be made, a defendant or respondent
in a Proceeding. The Indemnitee shall be considered a “Party” in a Proceeding
in which the Indemnitee seeks a declaratory judgment with respect to matters
related to an Indemnifiable Event. In addition, the Indemnitee shall be
considered a Party for all aspects of an Indemnifiable Event even though the
Indemnitee asserts counter-claims or cross-claims.

(k)           “Person” means an individual,
a corporation, a limited liability company, an association, a partnership, an
estate, a trust and any other entity or organization, other than a Company or
any of its subsidiaries.

(l)            A “Proceeding” shall mean any
threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any other actual, threatened or completed proceeding, whether
brought in the right of a Company or otherwise, whether informal or formal, and
whether of a civil, criminal, administrative or investigative nature,
including, without limitation, any such proceeding pending as of the date of
this Agreement.

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(m)          The “Reviewing Party” in connection
with an Indemnifiable Event shall be, as selected by the Indemnitee in his or
her sole discretion:

(i)            if there are two or more
Disinterested Directors on the Board of Directors of the applicable Company,
such Board of Directors acting by majority vote of all Disinterested Directors,
or by a majority of the members of a committee of the Board of Directors of
such Company consisting of two or more Disinterested Directors; or

(ii)           a Special Legal Counsel nominated by
the Indemnitee and selected by

(a)           if there are two or more
Disinterested Directors on the Board of Directors of the applicable Company,
the Board of Directors of such Company acting by majority vote of all
Disinterested Directors, or by a majority of the members of a committee of the
Board of Directors of such Company consisting of two or more Disinterested
Directors; or

(b)           if there are fewer than two
Disinterested Directors on the Board of Directors of the applicable Company,
the fall Board of Directors of the Company, with directors who do not qualify
as Disinterested Directors eligible to vote; or

(iii)          prior to an IPO, the shareholders of
the applicable Company acting by the vote required for ordinary corporate
actions, except that shares owned by or voted under the control of (A) a director
of such Company who at the time does not qualify as a Disinterested Director or
(B) the Indemnitee may not be voted on the determination.

(n)           “Special Legal Counsel” shall
mean, at any time, any law firm, or a member of a law firm, that (a) is experienced
in matters of corporation law and (b) is not, at such time, or has not been in
the five years prior to such time, retained to represent: (i) any Company or
the Indemnitee in any matter material to either such party (other than as
Special Legal Counsel), or (ii) any other Party to (or participant in) the
Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Special Legal Counsel” shall not
include any person who, under the applicable standards of professional conduct
then prevailing, would have a conflict of interest in representing either of
the Companies or the Indemnitee in an action to determine the Indemnitee’s
rights under this Agreement. Each Company agrees to pay the reasonable fees and
expenses of the Special Legal Counsel referred to above and to fully indemnify
such counsel against any and all Expenses, claims, liabilities and damages
arising out of or relating to this Agreement or its engagement pursuant hereto
and to be jointly and severally liable therefor.

2.             Basic Arrangement.

(a)           In the event the Indemnitee is a
Party in an Indemnifiable Event, subject only to limitations expressly imposed
by the terms of this Agreement, each Company shall indemnify the Indemnitee for
any associated Liabilities to the fullest extent permitted by law. Subject to
Section 2(f) and in accordance with the procedures set forth in Section 3, any
indemnification pursuant to this

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Section 2(a) must be
determined by the Reviewing Party to be permissible under the Massachusetts
Business Corporation Act in the specific Proceeding. Each Company shall make
any such payment to which the Indemnitee is entitled pursuant to this Section
2(a) as soon as practicable but in no event later than five (5) days after
determination by the Reviewing Party.

(b)           Notwithstanding anything to the
contrary, before the final disposition of an Indemnifiable Event in which the
Indemnitee is a Party, each Company shall be obligated to pay, on a current
basis, any and all funds to pay for or reimburse the Indemnitee’s Expenses (an “Expense
Advance”) within ten (10) days after the receipt by a Company of a
statement or statements requesting such advances from time to time, provided
that the Indemnitee delivers an Indemnitee Statement. Such advances (i) shall
be unsecured and interest free; (ii) shall be made without regard to the
Indemnitee’s ability to repay the advances and without regard to the Indemnitee’s
ultimate entitlement to indemnification under the other provisions of this
Agreement; and (iii) shall include any and all Expenses incurred pursuing an
action to enforce this right of payments, on a current basis, including
Expenses incurred preparing and forwarding statements to a Company to support
the advances claimed. The Indemnitee shall qualify for advancement of Expenses
solely upon the execution and delivery to a Company of the Indemnitee
Statement.

(c)           Pursuant to Section 8.58(a) of the
Massachusetts Business Corporation Act, this Agreement shall constitute
authorization to provide indemnification, pay funds, on a current basis, and
reimburse expenses under Subdivision E of Part 8 of the Massachusetts Business
Corporation Act.

(d)           Each Company shell be liable to
indemnify the Indemnitee and pay for or reimburse the Indemnitee’s Liabilities
in connection with an Indemnifiable Event or other any other Proceeding
involving the Companies or Enterprises, in either case, in which the Indemnitee
is a witness but not a Party. If the Companies do not pay directly for any
Expenses incurred in connection therewith, each Company shall be obligated to
pay, on a current basis, any and all funds to pay for or reimburse the
Indemnitee’s Expense for which the Indemnitee is entitled pursuant to this
Section 2(d) within ten (10) days after receipt by a Company of a written
demand for reimbursement signed by the Indemnitee. Such advances (i) shall be
unsecured and interest free; (ii) shall be made without regard to the
Indemnitee’s ability to repay the advances and without regard to the Indemnitee’s
ultimate entitlement to indemnification under the other provisions of this
Agreement; and (iii) shall include any and all Expenses incurred pursuing an
action to enforce this right of payments, on a current basis, including
Expenses incurred preparing and forwarding statements to a Company to support
the advances claimed. The Indemnitee shall qualify for advancement of Expenses
solely upon the execution and delivery to a Company of the Indemnitee
Statement.

(e)           Each Company shall be liable to
indemnify the Indemnitee and pay for or reimburse the Indemnitee’s Liabilities
incurred by or on behalf of the Indemnitee (i) in taking any action to enforce
any provision of this Agreement, including all Expenses incurred bringing a
claim, counterclaim or cross claim in a legal proceeding, arbitration or
otherwise to enforce this Agreement or any provisions of this Agreement or (ii)
for recovery under any directors’ and officers’ liability insurance policy
maintained by the Companies. If the Companies do not pay directly for any
Expenses incurred in connection therewith, each Company shall be obligated to
pay, on a current basis, any and all funds to pay for or reimburse the
Indemnitee’s Expense for which the Indemnitee is entitled pursuant to this
Section 2(e) within ten (10) days after receipt by

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a Company of a written
demand for reimbursement signed by the Indemnitee. Such advances (i) shall be
unsecured and interest free; (ii) shall be made without regard to the
Indemnitee’s ability to repay the advances and without regard to the Indemnitee’s
ultimate entitlement to indemnification under the other provisions of this
Agreement; and (iii) shall include any and all Expenses incurred pursuing an
action to enforce this right of payments, on a current basis, including
Expenses incurred preparing and forwarding statements to a Company to support
the advances claimed. The Indemnitee shall qualify for advancement of Expenses
solely upon the execution and delivery to a Company of the Indemnitee
Statement.

(f)            Notwithstanding any other provisions
of this Agreement, to the extent that the Indemnitee is a Party to (or a
participant in) and is successful, on the merits or otherwise, in any
Proceeding in connection with an Indemnifiable Event or in defense of any
claim, issue or matter therein, in whole or in part, each Company shall be
liable to indemnify the Indemnitee against all Liabilities incurred by him in
connection therewith. If the Indemnitee is not wholly successful in such
Proceeding but is successful, on the merits or otherwise, as to one or more but
less than all claims, issues or matters in such Proceeding, each Company shall
be liable to indemnify Indemnitee against all Liabilities incurred by the
Indemnitee or on the Indemnitee’s behalf in connection with each successfully
resolved claim, issue or matter. If the Indemnitee is not wholly successful in
such Proceeding, each Company also shall be liable to indemnify the Indemnitee
against all Expenses reasonably incurred in connection with any claim, issue or
matter that is related to any claim, issue, or matter on which the Indemnitee
was successful. For purposes of this Section and without limitation, the
termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall b e deemed to be a successful result as to
such claim, issue or matter.

(g)           For purposes of this Section 2, the
meaning of the phrase “to the fullest extent permitted by law” shall include,
but not be limited to:

(1)           to the fullest extent permitted by
the provision of the Massachusetts Business Corporation Act that permits a
corporation to indemnify its officers and directors, including, without
limitation, the indemnification permitted by Section 8.56 for officers;

(2)           to the fullest extent permitted by
the provision of the Massachusetts Business Corporation Act that authorizes or
contemplates additional indemnification by agreement, or the corresponding
provision of any amendment to or replacement of the Massachusetts Business
Corporation; and

(3)           to the fullest extent authorized or
permitted by any amendments to or replacements of the Massachusetts Business
Corporation Act adopted after the date of this Agreement that increase the
extent to which a corporation may indemnify its officers and directors.

3.             Procedure Upon Application for Indemnification.

(a)           In order to obtain indemnification
under this Agreement, the Indemnitee shall, anytime following Indemnitee’s
submission of an Indemnitee Statement to a Company,

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and consistent with the
time period of this Agreement as set forth in Section 5 of this Agreement,
submit to a Company a written request for indemnification pursuant to this
Section 3(a). No determination of Indemnitee’s entitlement to indemnification
shall be made until such written request for a determination is submitted to a
Company pursuant to this Section 3(a), The failure to submit a written request
to a Company will relieve the Companies of their indemnification obligations
under this Agreement only to the extent the Companies can establish that such
failure to make a written request resulted in actual prejudice to it, and the
failure to make a written request will not relieve the Companies from any
liability which it may have to indemnify the Indemnitee otherwise than under
this Agreement. The Companies shall, promptly upon receipt of such a request
for indemnification, advise the Boards of Directors of the Companies in writing
that the Indemnitee has requested indemnification.

(b)           The Indemnitee shall cooperate with
the Reviewing Party making such determination with respect to the Indemnitee’s
entitlement to indemnification, including providing to such Reviewing Party
upon request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to the
Indemnitee and reasonably necessary to such determination. Any costs or
expenses (including attorneys’ fees and disbursements) incurred by the
Indemnitee in so cooperating with the Reviewing Party, as the case may be,
making such determination shall be advanced and borne by the Companies (where
the Indemnitee executes and delivers to the Company the Indemnitee Statement)
irrespective of the determination as to the Indemnitee’s entitlement to
indemnification) and the Companies are liable to indemnify and hold the
Indemnitee harmless therefrom.

(c)           In making a determination with
respect to entitlement to indemnification hereunder, the Reviewing Party making
such determination shall presume that the Indemnitee is entitled to
indemnification under this Agreement if the Indemnitee has submitted an
Indemnitee Statement, and each Company shall have the burden of proof to
overcome that presumption in connection with the making by any person, persons
or entity of any determination contrary to that presumption. Neither the
failure of any of the Companies (including by their Boards of Directors) or of
Special Legal Counsel to have made a determination prior to the commencement of
any judicial proceeding or arbitration pursuant to this Agreement that
indemnification is proper in the circumstances because the Indemnitee has met
the applicable standard of conduct, nor an actual determination by any of the
Companies (including by their Boards of Directors) or by Special Legal Counsel
that the Indemnitee has not met such applicable standard of conduct shall
create a presumption that the Indemnitee has not met the applicable standard of
conduct.

(d)           If the Reviewing Party shall not have
made a determination within sixty (60) days after receipt by a Company of the
Indemnitee’s written request for indemnification pursuant to Section 3(a) of
this Agreement, the requisite determination of entitlement to indemnification
shall be deemed to have been made and the Indemnitee shall be entitled to such
indemnification, absent (i) a failure by the Indemnitee to comply with Section
3(b) hereof, (ii) a misstatement by the Indemnitee of a material fact, or an
omission of a material fact necessary to make the Indemnitee’s statement not
materially misleading, in connection with the request for indemnification, or
(ii) a prohibition of such indemnification under applicable law; provided,
however, that such 60-day period may be extended for a reasonable time, not to
exceed an additional thirty (30) days, if the Special Legal Counsel making the
determination with respect to

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entitlement to
indemnification in good faith requires such additional time for the obtaining
or evaluating of documentation and/or information relating thereto.

(e)           The termination of any Proceeding or
of any claim, issue or matter therein, by judgment, order, settlement or
conviction, or upon a plea of nolo contendere
or its equivalent, shall not (except as otherwise expressly provided in this
Agreement) of itself adversely affect the right of the Indemnitee to
indemnification or create a presumption that the Indemnitee did not meet any
particular standard of conduct required pursuant to this Agreement.

(f)            For purposes of any determination of
good faith, the Indemnitee shall be deemed to have acted in good faith if the
Indemnitee’s action or failure to act is based on the records or books of
account of the Enterprise, including financial statements, or on information
supplied to the Indemnitee by the officers of the Enterprise in the course of
their duties, or on the advice of legal counsel for the Enterprise or on
information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert
selected by the Enterprise. The provisions of this Section 3(f) shall not be
deemed to be exclusive or to limit in any way the other circumstances in which
the Indemnitee may be deemed or found to have met the applicable standard of
conduct set forth in this Agreement.

(g)           The knowledge and/or actions, or
failure to act, of any other director, partner, managing member, officer,
agent, employee or trustee of the Enterprise shall not be imputed to the
Indemnitee for purposes of determining his right to indemnification under this
Agreement.

4.             Remedies.

(a)           In the event that (i) a determination
is made pursuant to Section 2(a) of this Agreement that the Indemnitee is not
entitled to indemnification under this Agreement, (ii) payment of Expenses, on
a current basis, is not timely made pursuant to Section 2 of this Agreement,
(iii) payment of Expenses is not made pursuant to Section 2 or the last
sentence of Section 3(b) of this Agreement within ten (10) days after receipt
by a Company of a written request therefor, (where the Indemnitee has executed
and delivered to the applicable Company the Indemnitee Statement) (iv) payment
of indemnification pursuant to Section 2 of this Agreement is not made within
ten (10) days after a determination has been made that the Indemnitee is
entitled to indemnification, or (v) there is any breach of this Agreement, the
Indemnitee shall be entitled to seek an adjudication by a court of competent
jurisdiction as to his entitlement to such indemnification or payment of
Expenses, on a current basis. Alternatively, under the circumstances in clauses
(i) through (v), the Indemnitee, at his option, may seek an award in
arbitration to be conducted by a single arbitrator pursuant to the Commercial
Arbitration Rules of the American Arbitration Association. The Companies shall
not oppose the Indemnitee’s right to seek any such adjudication or award in
arbitration. If the Indemnitee has commenced adjudication or arbitration to
secure a determination, with respect to an Indemnifiable Event, that the
Indemnitee is entitled to indemnification under this Agreement, any
determination made by the Reviewing Party that indemnification of the
Indemnitee is not permissible under the Massachusetts Business Corporation Act
with respect to such Indemnifiable Event shall not be binding, and (where the
Indemnitee has executed and delivered to the applicable Company the Indemnitee
Statement) the Indemnitee shall not be required to

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reimburse the Companies
for any Expense Advance until a final judicial determination (as to which all
rights of appeal therefrom have been exhausted or lapsed) that indemnification
is not legally permissible is made with respect to such matter.

(b)           In the event that a determination
shall have been made pursuant to Section 2(a) of this Agreement that the
Indemnitee is not entitled to indemnification, any judicial proceeding or
arbitration, commenced pursuant to this Section 4, shall be conducted in all
respects as a de novo trial, or arbitration, on the merits, and the Indemnitee
shall not be prejudiced by reason of that adverse determination. In any judicial
proceeding or arbitration commenced pursuant to this Section 4, each Company
shall have the burden of proving the Indemnitee is not entitled to
indemnification or advancement of Expenses, as the case may be.

(c)           If a determination shall have been
made pursuant to Section 2(a) of this Agreement that the Indemnitee is entitled
to indemnification, the Companies shall be bound by such determination in any
judicial proceeding or arbitration commenced pursuant to this Section 4, absent
(i) a misstatement by the Indemnitee of a material fact, or an omission of a
material fact necessary to make the Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law.

(d)           In the event that the Indemnitee is a
Party to (or a participant in) a judicial proceeding or arbitration pursuant to
this Section 4 concerning the Indemnitee’s rights under, or to recover damages
for breach of, this Agreement, the Indemnitee shall be entitled to recover from
the Companies, and shall be indemnified by each Company against, any and all
Expenses incurred by the Indemnitee (where, with respect to an Indemnifiable
Event, the Indemnitee has executed and delivered to the Company the Indemnitee
Statement) in such judicial adjudication or arbitration. If it shall be
determined in said judicial adjudication or arbitration that the Indemnitee is
entitled to receive part but not all of the indemnification or advancement of
Expenses sought, the Indemnitee shall be entitled to recover from each Company
(who shall be liable therefor), and shall be indemnified by each Company
against, any and all Expenses incurred by the Indemnitee in connection with
such judicial adjudication or arbitration.

(e)           The Companies shall be precluded from
asserting in any judicial proceeding or arbitration commenced pursuant to this
Section 4 that the procedures and presumptions of this Agreement are not valid,
binding and enforceable and shall stipulate in any such court or before any
such arbitrator that the Companies are bound by all the provisions of this
Agreement.

5.             Duration of the Agreement.
This Agreement shall continue until and terminate upon the later of: (a) 10
years after the date that the Indemnitee shall have ceased to serve as a
director of any of the Companies or as a director, partner, managing member,
officer, employee, agent or trustee of any other Enterprise; or (b) 1 year
after the final termination (i) of any Proceeding (including any rights of appeal)
then pending in respect of which the Indemnitee requests indemnification or
advancement of Expenses hereunder and (ii) of any judicial proceeding or
arbitration pursuant to Section 4 of this Agreement (including any rights of
appeal) involving the Indemnitee. This Agreement shall be binding upon each
Company and its successors and assigns and shall inure to the benefit of the
Indemnitee and his heirs, executors and administrators.

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6.             Non-exclusivity, Etc.
The rights of indemnification and to receive payment of Expenses, on a current
basis, as provided by this Agreement shall not be deemed exclusive of any other
rights to which the Indemnitee may at any time be entitled under applicable
law, the Companies’ or any other Enterprise’s Articles of Organization, the
Companies’ or any other Enterprise’s Bylaws, any agreement, a vote of
stockholders or a resolution of directors, or otherwise. No amendment,
alteration or repeal of this Agreement or of any provision hereof shall limit
or restrict any right of the Indemnitee under this Agreement in respect to any
action taken or omitted by such Indemnitee in the Indemnitee’s Corporate Status
prior to such amendment, alteration or repeal. To the extent that a change in
Massachusetts law, whether by statute or judicial decision, permits greater
indemnification or advancement of Expenses than would be afforded currently
under the Companies’ or any other Enterprise’s Bylaws and this Agreement, it is
the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement
the greater benefits so afforded by such change. No right or remedy herein
conferred is intended to be exclusive of any other right or remedy, and every
other right and remedy shall be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any
other right or remedy.

7.             Liability Insurance.
To the extent that the Companies maintain an insurance policy or policies
providing liability insurance for directors, partners, managing members,
officers, employees, agents or trustees of the Companies or of any other
Enterprise, the Indemnitee shell be covered by such policy or policies in
accordance with its or their terms to the maximum extent of the coverage
available for any such director, partner, managing member, officer, employee,
agent or trustee under such policy or policies. If, at the time of the receipt
of a notice of a claim pursuant to Section 2 hereof, the Companies have
director and officer liability insurance in effect, the Companies shall give
prompt notice of the commencement of such Proceeding to the insurers in
accordance with the procedures set forth in the respective policies. Each
Company shall thereafter take all necessary or desirable action to cause such
insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
of such Proceeding in accordance with the terms of such policies. The Companies
shall maintain an insurance policy or policies for directors, partners,
managing members, officers, employees, agents or trustees of the Companies and
of all Enterprises in an amount reasonably acceptable to the Chief Executive
Officer of LPL.

8.             Amendments, Etc.
No supplement, modification or amendment of this Agreement shall be binding
unless executed in writing by both of the parties hereto. No waiver of any of
the provisions of this Agreement shall constitute a waiver of any other
provisions hereof (whether or not similar) nor shall such waiver constitute a
continuing waiver.

9.             Subrogation. In
the event of payment under this Agreement, the Companies shall be subrogated to
the extent of such payment to all of the rights of recovery of the Indemnitee,
who shall execute all such papers and do all such things as may be necessary or
desirable to secure such rights.

10.           No Duplication of Payments.
The Companies shall not be liable under this Agreement to make any payment in
connection with any Proceeding involving the Indemnitee to the extent the
Indemnitee has otherwise received payment (under any insurance policy, the

 10
 

Companies’ articles of
organization or by-laws or otherwise) of the amounts otherwise indemnifiable
hereunder.

11.           Contribution.
To the fullest extent permissible under applicable law, if the indemnification
provided for in this Agreement is unavailable to the Indemnitee for any reason
whatsoever, each Company, in lieu of indemnifying the Indemnitee, shall contribute
to the amount incurred by the Indemnitee, whether for judgments, fines,
penalties, excise taxes, amounts paid or to be paid in settlement and/or for
Expenses, in connection with any claim relating to an Indemnifiable Event under
this Agreement, in such proportion in order to reflect (i) the relative
benefits received by the Companies and the Indemnitee as a result of the
event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the
relative fault of the Company (and its directors, officer, employees and
agents) and the Indemnitee in connection with such event(s) and/or
transaction(s).

12.           Binding Effect, Etc.
This Agreement shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors, assigns,
including, with respect to the Companies, any direct or indirect successor by
purchase, merger, consolidation or otherwise to all or substantially all of the
business or assets of the Companies, and including, with respect to the Indemnitee,
the Indemnitee’s estate, heirs and personal representatives. This Agreement
shall continue in effect regardless of whether the Indemnitee continues to
serve as an officer or director of the Companies or of any other Enterprise.

13.           Severability. If
any provision or provisions of this Agreement shall be held to be invalid,
illegal or unenforceable for any reason whatsoever: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including,
without limitation, each portion of any Section of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that is not
itself invalid, illegal or unenforceable) shall not in any way be affected or
impaired thereby and shall remain enforceable to the fullest extent permitted
by law; (b) such provision or provisions sha1l be deemed reformed to the extent
necessary to conform to applicable law and to give the maximum effect to the
intent of the parties hereto; and (c) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of
any section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested thereby.

14.           Notices. All
notices, requests, demands and other communications under this Agreement shall
be in writing and shall be deemed to have been duly given (a) if delivered by
hand and receipted for by the party to whom said notice or other communication
shall have been directed, or (b) mailed by certified or registered mail with
postage prepaid, on the third business day after the date on which it is so
mailed:

(a)           If to the Indemnitee, at the address
indicated on the signature page of this Agreement, or such other address as the
Indemnitee shall provide in writing to the Company, with a copy to Julie Jones,
Esq., Ropes & Gray LLP, One International Place, Boston, MA 02110.

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(b)           If to any of the Companies to: LPL
Holdings,, Inc., One Beacon Street, 22nd Floor, Boston, MA 02108, Attn:
Secretary (or, if the Indemnitee is at such time the Secretary, to the
President of the Company).

15.           Entire Agreement.
This Agreement constitutes the entire agreement between the parties and
supersedes all prior communications, agreements and understandings, written or
oral, with respect to indemnification of the Indemnitee by the Companies for
Indemnitee’s service to the Companies, provided, however, that this Agreement
shall in no way diminish rights of the Indemnitee that accrued prior to the
date of this Agreement.

16.           Governing Law.
This Agreement shall be governed by and construed and enforced in accordance
with the laws of The Commonwealth of Massachusetts applicable to contracts made
and to be performed in such state without giving effect to the principles of
conflicts of law

17.           References.
References to statutes, regulations and documents shall be deemed to mean such
statutes, regulations and documents as amended from time to time and any
successor statutes, regulations and documents.

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IN WITNESS WHEREOF, the parties have caused this
Agreement to be signed as of the day and year first above written.

	
  INDEMNITEE

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Esther M. Stearns

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Esther M. Stearns

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address:

  	
  10533 Whispering Hillshire

  	
   

  	
   

  
	
   

  	
  San Diego, CA 92130

  	
   

  	
   

  
						

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be signed as of the day and year first above written.

	
  

  	
  LPL HOLDINGS, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Mark S. Casady

  	
   

  
	
   

  	
   

  	
     Name: Mark S. Casady

  
	
   

  	
   

  	
     Title:

  
					

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be signed as of the day and year first above written.

	
  

  	
  BD INVESTMENT HOLDINGS INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Allen R. Thorpe

  	
   

  	
   

  
	
   

  	
   

  	
  Name:  Allen R. Thorpe

  	
   

  	
   

  
	
   

  	
   

  	
  Title:Exhibit 10.8

AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”)
is entered into this 28th day of December, 2005, by and between C. William
Maher (the “Executive”) and LPL Holdings, Inc. (the “Company”) to
be effective upon the Closing (as defined below).

WHEREAS, BD Investment Holdings Inc. (“Holdings”),
BD Acquisition Inc. (“Merger Sub”) and the Company have entered into an
agreement captioned “Agreement and Plan of Merger,” dated as of October 27,
2005 (the “Merger Agreement”), pursuant to which Merger Sub will be
merged with and into the Company (the “Merger”); and

WHEREAS, in accordance with the foregoing, the Company
and the Executive desire to enter into this Agreement to set forth the terms of
the Executive’s continued employment with the Company, effective as of the
consummation of the Merger (the “Closing”).

NOW, THEREFORE, in consideration of the foregoing
premises and the mutual promises, terms, provisions and conditions set forth in
this Agreement, the parties hereby agree:

1.             Employment.
Subject to the terms and conditions set forth in this Agreement, the Company
hereby agrees to continue to employ the Executive, and the Executive hereby
accepts the terms of continued employment with the Company.

2.             Term.
Subject to earlier termination as hereafter provided, the Executive’s
employment hereunder shall have an original term of three (3) years commencing
on the date of the Closing (the “Initial Term”) and shall automatically
be renewed thereafter for successive terms of one year each, unless the Company
provides notice to the Executive at least ninety (90) days prior to the
expiration of the Initial Term or any renewal term that the Agreement is not to
be renewed, in which event this Agreement and the Executive’s employment
hereunder shall terminate at the expiration of the then-current term. The term
of this Agreement, as from time to time renewed, is hereafter referred to as “the
term of this Agreement” or “the term hereof.” In the event that the Closing
does not occur, this Agreement shall be void ab initio
and of no force or effect.

3.             Capacity and Performance.

a.             During
the term hereof, the Executive shall serve the Company as its Executive Vice
President and Chief Financial Officer, reporting to the Chief Executive Officer
of the Company (the “CEO”); provided however, that beginning on January
1, 2006, the Executive will serve the Company as its Managing Director and
Chief Financial Officer, reporting to the CEO.

b.             During
the term hereof, the Executive shall be employed by the Company on a full-time
basis and shall have such duties, authority and responsibilities as are
commensurate with his position and such other duties, consistent with his
position, as may be designated from time to time by the Board of Directors of
the Company (the “Board”).

c.             During
the term hereof, the Executive shall devote his full business time and his best
efforts to the discharge of his duties and responsibilities hereunder; provided,
however, that, subject to Section 8 hereof, the foregoing shall not be construed
to prevent the Executive from attending to personal investments and community
and charitable service, provided that such activities do not unreasonably
interfere with the performance of Executive’s duties to the Company. In
addition, the Executive may serve on boards of directors and similar governing
bodies, and committees thereof, subject to the approval of the Board, which
approval shall not be unreasonably withheld, and subject to Section 8 hereof.
Notwithstanding the foregoing, the Executive may continue to serve on those
boards and committees on which the Executive was serving at the time of the
Closing, which boards and committees are listed on Schedule 1(A) of this
Agreement.

4.             Compensation
and Benefits. As compensation for all services performed by the Executive
during the term hereof:

a.             Base
Salary. During the term hereof, the Company shall pay the Executive a base
salary at the rate per annum as set forth on Schedule 1(B) of this
Agreement, payable in accordance with the regular payroll practices of the
Company for its executives and subject to increase from time to time by the
Board (or its compensation committee). The Executive’s base salary may only be
decreased with the approval of Mark S. Casady and then only in an
across-the-board salary reduction in which all executives and other employees
are subject to an equal percentage reduction. The Executive’s base salary, as
from time to time increased or decreased in accordance with Agreement, is
hereafter referred to as the “Base Salary.”

b.             Bonus
Compensation.

i.              The
Executive shall be eligible to receive a full bonus, without proration, for
calendar year 2005, determined in accordance with the Company’s employee cash
bonus plan as in effect immediately prior to the Closing, as set forth in Schedule
1(C) hereto.

ii.             Each
calendar year thereafter during the term hereof, the Executive shall be
eligible to participate in the cash bonus plan in effect for employees of the
Company generally, under which, subject to the next sentence, the plan elements
described in clauses (A) and (C) below shall be not be decreased from those
applicable to the Executive under the bonus plan in effect immediately prior to
the Closing, and the plan element described in clause (B) below shall be
substantially consistent with past practice: (A) the target bonus, (B) the
level of performance required to reach target and (C) the opportunity to earn
bonus compensation in excess of target, with respect to clauses (A) and (C) as
set forth on Schedule 1(D) hereto. Neither the Executive’s target bonus
nor the opportunity to earn bonus compensation in excess of target may be
subject to an adverse change and the level of performance required to reach
target may not be materially adversely changed except with the approval of Mark
S. Casady and then only in an across-the-board change which affects equally all
employees participating in the bonus plan. Such cash bonus shall be in addition
to the Base Salary. The Executive’s target bonus under the executive cash bonus
plan is referred to hereafter as the “Target Bonus.” In clarification of
the foregoing, the actual bonus earned by the

Executive for any given calendar year, may be below, at or above the
Target Bonus, based on actual performance. Subject to any effective deferral
election made available and elected by the Executive, each bonus earned by the
Executive hereunder shall be paid no later than March 15 of the calendar year
following the end of the calendar year for which the bonus was earned.

c.             Stock
Option Grants. Pursuant to the following terms and conditions, the
Executive shall be eligible to participate in Holdings’ stock option plan and
Holdings agrees as follows:

i.              Holdings
shall establish a stock option plan (“Stock Option Plan”) providing for
grants of options (the “Stock Options”) to purchase the common stock of
BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”)
in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted
post-exercise basis) in the aggregate per year for all executives, employees
and financial advisors of the Company and its subsidiaries, including the
Executive selected by the Board after consultation with, and based on the
recommendation of, the CEO, for the calendar years beginning on January 1, 2008
and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted
post-exercise basis) in the aggregate per year for all executives, employees
and financial advisors of the Company and its subsidiaries, including the
Executive, selected by the Board after consultation with, and based on the
recommendation of, the CEO, for the calendar years beginning on January 1, 2010
and January 1, 2011.

ii.             Beginning
in January 2008, each annual Stock Option grant shall be made between the first
and fifteenth business day of the year, unless the CEO, in his sole discretion,
shall agree with the Board to a later date during such year (the “Default
Date”). If the Board does not approve Stock Option grants in the amounts
set forth in Section 4(c)(i) by the Default Date, then Stock Options in such
amounts shall be granted pro-rata to existing option holders and employee
stockholders as of such date of grant, except that the CEO’s share of such
Stock Option grants shall be reduced by 75% and the other four most highly compensated
executives’ share of such Stock Option grants shall be reduced by 50%.

iii.            The
per share exercise price of each Stock Option shall be equal to the Fair Market
Value of a share of Buyer Common Stock on the date of grant. Each Stock Option
granted shall vest in five equal tranches on each of the first five
anniversaries of the date of grant subject to the option holder’s continued
employment as of each such vesting date; provided, however, that all Stock
Options shall automatically vest in full upon a “change in control” (as defined
in the Option Plan, it being understood that an IPO shall in no event
constitute a change in control). Notwithstanding any provision of this
Agreement to the contrary, following an IPO, no additional Stock Options shall be
granted pursuant to the Stock Option Plan.

iv.            Upon
termination of his employment, the portion of any Stock Option granted to the
Executive which has not yet vested shall terminate. In the event the Executive’s
employment terminates for any reason other than for Cause, the Executive may
exercise any vested portion of any Stock Option held by him on the date of
termination provided that he does so prior to the earlier of (A) ninety (90)
days following termination of employment and (B) the expiration of the
scheduled term of the Stock Option. Notwithstanding the foregoing, if the
Executive’s employment is terminated due to death or disability (as defined in
Section 5(b)), then the Executive or, as applicable in the event of death, his
beneficiary or estate, may

exercise any vested portion of any Stock Option held by the Executive
on the date employment terminates for the shorter of (A) the period of twelve
(12) months following the termination date and, (B) with respect to each Stock
Option individually, the expiration of the scheduled term of such Stock Option.
Upon a termination of the Executive’s employment by the Company for Cause, all
Stock Options shall be forfeited immediately.

v.             Holdings,
the Company and the Executive agree to cooperate to structure the Stock Option
Plan so as to minimize or avoid additional taxes and interest that would
otherwise be imposed on the Executive with respect to options granted under the
Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as
amended (the “Code”); provided, however, that the Company shall
have no obligation to grant the Executive a “gross-up” or other “make-whole”
compensation for such purpose.

d.             Vacations.
During the term hereof, the Executive shall be eligible for the number of weeks
of vacation per year set forth on Schedule 1(E) to this Agreement,
subject to the vacation policies of the Company generally applicable to its
executives, as in effect from time to time, provided that the Executive shall
not be barred from taking up to the maximum number of weeks of vacation in any
given year solely by reason of the Executive’s failure to work for a specified
period of time during such year prior to the time of such vacation.

e.             Other
Benefits. During the term hereof, the Executive shall be entitled to
participate in any and all employee benefit plans from time to time in effect
for executives and/or employees of the Company generally, provided that
the Executive shall receive benefits pursuant to plans, programs and policies
(other than any equity-based compensation plan or program) that are comparable,
and no less favorable in the aggregate, to those benefits offered to him
immediately prior to the Closing.

f.              Business
Expenses. During the term hereof, the Company shall pay or reimburse the
Executive for all reasonable business expenses incurred or paid by the
Executive in the performance of his duties and responsibilities hereunder,
subject to such reasonable substantiation and documentation as the Company may
require and otherwise consistent with the Company’s policies generally
applicable to its executives, as in effect from time to time.

5.             Termination
of Employment and Severance Benefits. Notwithstanding the provisions of
Section 2 hereof, the Executive’s employment hereunder shall terminate prior to
the expiration of the term hereof under the following circumstances:

a.             Termination
due to Death. In the event of the Executive’s death during the term hereof,
the Executive’s employment hereunder shall immediately and automatically
terminate. In such event, the Company shall pay to the Executive’s designated
beneficiary or, if no beneficiary has been designated by the Executive, to his
estate, “Final Compensation” which shall include all of the following:
(i) the Base Salary earned but not paid through the date of termination, (ii)
pay for any vacation time earned but not used through the date of termination,
(iii) payment of any annual bonus earned but not paid for the year preceding
that in which the date of termination occurs, (iv) reimbursement for any
business expenses incurred by the Executive and reimbursable pursuant to
Section 4(f) hereof but un-reimbursed on the date of termination (clauses (i),
(ii), (iii) and (iv), collectively, the “Termination Entitlements”); (v)
a

bonus for the year in which the date of termination occurs determined
by multiplying the Target Bonus for that year by a fraction, the numerator of
which is the number of days the Executive was employed during the year in which
the date of termination occurs, through the date of termination, and the
denominator of which is 365, (vi) a single lump-sum payment equal to the
premium (including the additional amount (if any) charged for administrative
costs as permitted by the Federal law known as “COBRA”) of continued health and
dental plan participation under COBRA for the Executive (in the event of a
termination other than as a result of death) and for the Executive’s qualified
beneficiaries (as that term is defined under COBRA) for the one (1) year period
immediately following the date of termination and, and the Company shall have
no further obligation to the Executive hereunder, other than (A) obligations
due to the Executive as of the date of termination but not yet satisfied, such
as, by way of example but not limitation, an uncorrected error in Base Salary
or an outstanding claim under one of the welfare plans or an uncorrected error
in the Executive’s retirement plan account, and (B) obligations which, whether
or not due to the Executive as of the date of termination, survive termination,
such as, by way of example but not limitation, rights to exercise vested stock
options (all of the foregoing, under clauses (A) and (B) hereof, the “Surviving
Company Obligations”).

b.             Termination
due to Disability. The Company may terminate the Executive’s employment
hereunder, upon notice to the Executive, in the event that the Executive
becomes disabled through any illness, injury, accident or condition of either a
physical or psychological nature and, as a result, is unable to perform
substantially all of his duties and responsibilities hereunder, notwithstanding
the provision of any reasonable accommodation, for any period of six (6)
consecutive months. During any period in which the Executive is disabled but
prior to the Executive’s date of termination, the Executive shall continue to
receive all compensation and benefits under Section 4 hereof while his
employment continues. If any question shall arise as to whether during any
period the Executive is disabled through any illness, injury, accident or
condition of either a physical or psychological nature so as to be unable to
perform substantially all of his duties and responsibilities hereunder, the
Executive may, and at the request of the Company shall, submit to a medical
examination by a physician selected by the Company to whom the Executive has no
reasonable objection to determine whether the Executive is so disabled and such
determination shall for the purposes of this Agreement be conclusive of the
issue. In the event of termination by the Company due to the Executive’s
disability, the Company shall provide the Executive with the Final Compensation
and the Company shall have no further obligation to the Executive hereunder,
other than the Surviving Company Obligations.

c.             Retirement.
The Executive may elect to retire voluntarily on thirty (30) days’ notice to
the Company, provided that the Executive is then at least 65 years of
age. In such event, the Company shall pay to the Executive the Final
Compensation (other than the benefits under clause (v) of the definition
thereof (the “Accrued Compensation”)) and the Company shall have no
further obligation to the Executive hereunder, other than the Surviving Company
Obligations.

d.             Termination
by the Company for Cause. The Company may terminate the Executive’s
employment at any time for “Cause,” which shall mean only (i) the
intentional failure to perform (excluding by reason of disability) or gross
negligence or willful misconduct in the performance of regular duties or other
breach of fiduciary duty or material breach of this

Agreement which remains uncured after thirty (30) days’ notice
specifying in reasonable detail the nature of the failure, negligence,
misconduct or breach and what is required of the Executive to cure, (ii) conviction
or plea of nolo contendere to a
felony or (iii) fraud or embezzlement or other dishonesty which has a material
adverse effect on the Company. Before terminating the Executive for Cause, (A)
at least two-thirds (2/3) of the members of the Board (excluding the Executive,
if a Board member) must conclude in good faith that, in their view, one of the
events described in subsection (i), (ii) or (iii) above has occurred and (B)
such Board determination must be made at a duly convened meeting of the Board (X)
of which the Executive received written notice at least ten (10) days in
advance, which notice shall have set forth in reasonable detail the facts and
circumstances claimed to provide a basis for the Company’s belief that one of
the events described in subsection (i), (ii) or (iii) above occurred and, in
the case of an event under subsection (i), remains uncured at the expiration of
the notice period, and (Y) at which the Executive had a reasonable opportunity
to make a statement and answer the allegations against the Executive. In the
event of the termination of the Executive’s employment by the Company for
Cause, the Company shall pay to the Executive the Termination Entitlements and
the Company shall have no further obligation to the Executive hereunder, other
than the Surviving Company Obligations. The parties acknowledge and agree that
this definition of “Cause” shall be applicable and controlling with respect to
the option agreements executed by the Executive under the 1999 Stock Option
Plan for Incentive Stock Options and/or 1999 Stock Option Plan for
Non-Qualified Options, pursuant to the terms of Section 14 of each such option
agreement.

e.             Termination
by the Company other than for Cause. The Company may terminate the
Executive’s employment hereunder other than for Cause at any time upon ten (10)
days notice to the Executive. Termination by the Company on or following
expiration of the term hereof (other than a termination due to the Executive’s
death or disability or under circumstances that would constitute “Cause” if
this Agreement were still in effect) will be treated as a termination other
than for Cause under this Section 5(e). In the event of termination under this
Section 5(e), the Executive shall be entitled to receive (i) the Accrued Compensation,
and, (ii) subject to Executive’s continued compliance with his obligations
under Sections 6, 7 and 8 hereof, (x) an amount equal to the applicable
Severance Multiplier multiplied by the sum of the Executive’s Base Salary and
Target Bonus for the year in which the date of termination occurs (or if no
such Target Bonus has been established for the Executive for the year in which
the date of termination occurs, the Target Bonus for the year immediately
preceding the year in which the date of termination occurs) and (y) for two
years following the date of termination, continued participation of the
Executive and his qualified beneficiaries, as applicable, under the Company’s
group life, health, dental and vision plans in which the Executive was participating
immediately prior to the date of termination, subject to any premium
contributions required of the Executive at the rate in effect on the date of
termination of his employment and the Company shall have no further obligation
to the Executive hereunder, other than the Surviving Company Obligations. For
purpose of this Agreement, the “Severance Multiplier” shall be (A) two
(2) in the event of termination under Section 5(e) or Section 5(f) (other than
due to Good Reason resulting solely from notice of non-renewal of the term of
this Agreement), in each case, prior to the expiration of the Initial Term; (B)
one and one half (1.5) in the event of a termination under Section 5(e) or
Section 5(f), in each case, on or following the expiration of the Initial Term;
(C) one and one half (1.5) in the event of a termination at any time during the
term of this Agreement for Good Reason resulting solely from the provision by
the Company of notice of non-renewal of the term of this Agreement; and (D) one
(1) in the event of a termination of the Executive under Section

5(g) and pursuant to which the Company makes the election under Section
8(b) hereof. Any payments due under Section 5(e), Section 5(f), Section 5(g) or
Section 8(b), as applicable, shall be payable in equal monthly installments
over the number of years and/or portions thereof equal to the applicable
Severance Multiplier, and, subject to Section 5(h), shall begin at the Company’s
next regular payday following the effective date of termination.

f.              Termination
by the Executive for Good Reason. The Executive may terminate his
employment hereunder for Good Reason and, in that event, subject to Executive’s
continued compliance with his obligations under Sections 6, 7 and 8 hereof,
shall be entitled to all payments and benefits which the Executive would have
been entitled to receive under Section 5(e) hereof as if termination had
occurred thereunder and the Company shall have no further obligation to the
Executive hereunder, other than the Surviving Company Obligations. “Good
Reason” shall mean only (A) the occurrence, without the Executive’s express
written consent (which may be withheld for any or no reason) of any of the
events or conditions described in the following subsections (i) through (viii),
provided that, except with respect to the event described in subsection (viii),
the Executive gives written notice to the Company of the occurrence of Good
Reason within ninety (90) days following the date on which the Executive first
knew or reasonably should have known of such occurrence and the Company shall
not have fully corrected the situation within thirty (30) days following such
notice or (B) termination (for any or no reason) by written notice from the
Executive given within the thirty day period immediately following the twelve
month anniversary of a Change of Control occurring after the effective date of
this Agreement. The following occurrences shall constitute Good Reason for
purposes of clause (A) of this Section 5(f): (i) a reduction in the Executive’s
Base Salary (other than as expressly permitted under Section 4(a) hereof); (ii)
an adverse change in the Executive’s bonus opportunity through reduction of the
Target Bonus or the maximum available bonus or a material adverse change in the
goals or level of performance required to achieve the Target Bonus (other than
as expressly permitted under Section 4(b) hereof); (iii) a failure by the
Company to pay or provide to the Executive any compensation or benefits to
which the Executive is entitled hereunder, (iv) (A) a material adverse change
in the Executive’s status, positions, titles, offices, duties and
responsibilities, authorities or reporting relationship from those in effect
immediately before such change; (B) the assignment to the Executive of any
duties or responsibilities that are substantially inconsistent with the
Executive’s status, positions, titles, offices or responsibilities as in effect
immediately before such assignment; or (C) any removal of the Executive from or
failure to reappoint or reelect the Executive to any of such positions, titles
or offices; provided that termination of the Executive’s employment by
the Company for Cause, by the Executive other than for Good Reason pursuant to
Section 5(g) hereof, or a termination as a result of the Executive’s death or
disability shall not be deemed to constitute or result in Good Reason under
this subsection (iv); (v) (A) if the Executive was based at the Company’s
headquarter offices in Boston, Massachusetts as of the day immediately prior to
the Closing, the Company’s changing the location of such headquarter offices to
a location more than twenty-five (25) miles from the location of such offices,
or the Company’s requiring the Executive to be based at a location, other than
the Company’s Boston headquarter offices;, (B) if the Executive was based at
the Company’s headquarter offices in San Diego, California as of the day
immediately prior to the Closing, the Company’s changing the location of such
headquarter offices to a location more than. twenty-five (25) miles from the
location of such offices, or the Company’s requiring the Executive to be based
at a location other than the Company’s San Diego headquarter offices; or (C) if
the Executive was not based at the

Company’s headquarter offices in San Diego, the Company’s requiring the
Executive to be based at any location which results in the Executive’s regular
commuting distance being twenty-five (25) or more miles greater than the
Executive’s regular commuting distance immediately prior to such relocation;
provided that in all such cases the Company may require the Executive to travel
on Company business including being temporarily based at other Company
locations as long as such travel is reasonable and is not materially greater or
different than the Executive’s travel requirements before the Closing; (vi) any
material breach by the Company of this Agreement, the Stockholders’ Agreement,
dated as of the Closing, by and among the Company, BD Investment Holdings Inc
and the stockholder signatories thereto (the “Stockholders’ Agreement”),
the Indemnification Agreement, dated as of the Closing, by and among the
Executive and the Company (the “Indemnification Agreement”), any option
agreements entered into by and between the Company and/or Holdings and the
Executive; (vii) the failure by the Company to obtain, before completion of a
Change in Control, an agreement in writing from any successor or assign to
assume and fully perform under this Agreement; or (viii) the provision of
notice by the Company of non-renewal of this Agreement.

g.             By
the Executive Other than for Good Reason. The Executive may terminate his
employment hereunder at any time upon thirty (30) days’ notice to the Company.
In the event of termination by the Executive pursuant to this Section 5(g), the
Board may elect to waive the period of notice, or any portion thereof, and, if
the Board so elects, the Company will pay the Executive his Base Salary and
prorated Target Bonus for the notice period (or for any remaining portion of
the period). The Company shall also provide the Employee the Accrued
Compensation and the Company shall have no further obligation to the Executive
hereunder, other than the Surviving Company Obligations. At the election of the
Company, in accordance with and subject to the provisions of Section 8(b)
hereof and subject to the Executive’s continued compliance with his obligations
under Sections 6, 7 and 8 hereof, the Executive shall be entitled to all
payments and benefits which the Executive would have been entitled to receive
under Section 5(e) hereof as if termination had occurred thereunder, but with a
Severance Multiplier of one (1).

h.             Timing
of Payments. In the event that at the time the Executive employment
terminates the Company’s shares are publicly traded (as defined in Section 409A
of the Code) or the limitation on payments or provision of benefits imposed by
Section 409A(a)(2)(B) would otherwise be applicable, any amounts payable or
benefits provided under Section 5 that would have been payable during the six
(6) months following the date of termination of employment with the Company and
would otherwise be considered deferred compensation subject to the additional
twenty percent (20%) tax imposed by Section 409A if paid within such six (6)
month period shall be paid, in a lump sum on the business day after the date
that is the earlier of (x) six (6) months following the date of termination, or
(y) at such time as otherwise permitted by law that would not result in such
additional taxation and penalties under Section 409A; provided, however,
that the Company shall have no obligation to grant the Executive a “gross-up”
or other “make-whole” compensation for any tax imposed under Section 409A.

i.              No
Duty to Mitigate. The Executive shall not be required to mitigate the
amount of any cash payment or the value of any benefit provided for in this
Agreement by seeking other employment, by seeking benefits from another
employer or other source, or by

pursuing any other type of mitigation. No payment or benefit provided for
in this Agreement shall be offset or reduced by the amount of any cash
compensation or the value of any benefit provided to the Executive in any
subsequent employment or from any other source. Notwithstanding the foregoing,
if the Executive begins to participate in the group health plan of another
employer which provides benefits substantially similar to those provided by the
Company pursuant to this Section 5, then the Executive shall promptly notify
the Company and the Company may discontinue the health plan participation being
provided the Executive pursuant to this Section 5.

6.             Confidential Information.

a.             The
Executive acknowledges that the Company continually develops Confidential
Information (as defined in Section 12); that the Executive may develop
Confidential Information for the Company; and that the Executive may learn of
Confidential Information during the course of employment. The Executive shall
not disclose to any Person or use, other than as required by applicable law or
for the performance of his duties and responsibilities to the Company, any
Confidential Information obtained by the Executive incident to his employment
with the Company. The Executive understands that this restriction shall
continue to apply after his employment terminates, regardless of the reason for
such termination.

b.             All
documents, records, tapes and other media of every kind and description
containing Confidential Information, and all copies, (the “Documents”),
whether or not prepared by the Executive, shall be the sole and exclusive
property of the Company. The Executive shall return to the Company no later
than the time his employment terminates all Documents then in the Executive’s
possession or control.

7.             Assignment
of Rights to Intellectual Property. The Executive shall promptly and fully
disclose all Intellectual Property (as defined in Section 12) to the Company.
The Executive hereby assigns and agrees to assign to the Company (or as
otherwise directed by the Company) the Executive’s full right, title and interest
in and to all Intellectual Property. The Executive agrees to execute any and
all applications for domestic and foreign patents, copyrights or other
proprietary rights and to do such other acts (including without limitation the
execution and delivery of instruments of further assurance or confirmation)
requested by the Company to assign the Intellectual Property to the Company and
to permit the Company to enforce any patents, copyrights or other proprietary
rights to the Intellectual Property. All copyrightable works that the Executive
creates in the performance of his duties hereunder shall be considered “work
made for hire.”

8.             Restricted Activities.

a.             While
the Executive is employed by the Company and, except as otherwise provided in
Section 8(b) or 8(c) below, for the period of two (2) years following the
termination of the Executive’s employment for any reason (including retirement)
or, in the event of a termination for which the Executive is entitled to
severance pay calculated with a Severance Multiplier of 1.5, for a period of
eighteen (18) months following such termination, (as applicable, the “Non-Competition
Period”), subject to the Company’s compliance with the post-employment
terms of this Agreement, the Executive will not engage or participate in,
directly or indirectly,

alone or as principal, agent, employee, employer, consultant, investor
or partner of, or assist in the management of, or provide advisory or other
services to, or own any stock or any other ownership interest in, or make any
financial investment in, any business or entity which is Competitive with the
Company (as defined below); provided,
however, that it shall not be a
violation of the foregoing (i) for the Executive to own not more than two
percent (2%) of the outstanding securities of any class of securities listed on
a national exchange or inter-dealer quotation system or (ii) following
termination of the Executive’s employment with the Company, for the Executive
to provide services to any business or entity that has a line of business,
division, subsidiary or other affiliate that is Competitive with the Company if
the Executive is not employed in such line of business or division or by such
subsidiary or other affiliate and is not involved, directly or indirectly, in
the management, supervision or operations of such line of business, division,
subsidiary or affiliate that is Competitive with the Company. For purposes of
this Agreement, a business or entity shall be considered “Competitive with the
Company” if such business or entity provides or is engaged in, at any time
during the Non-Competition Period (A) asset management, brokerage, investment
advisory and insurance services, including services related to financial
advisors for open end and closed end public mutual funds, or (B) any other
businesses in which the Company and its subsidiaries were engaged, or any
material products and/or services that the Company or its subsidiaries were
actively developing or designing, in each case under this clause (B) as of the
date the Executive’s employment with the Company terminated, provided that,
prior to such termination, the Executive knew of such other business or such
material product or such service under active development or design. In
addition, during the Non-Competition Period, the Executive will not (other than
when acting on behalf of the Company during the Executive’s employment) (i)
solicit, or attempt to solicit, any existing or prospective customers, targets,
suppliers, financial advisors, officers or employees of the Company or any of
its subsidiaries to terminate their relationship with the Company or any of its
subsidiaries or (ii) divert, or attempt to divert, from the Company or any of
its subsidiaries any of its customers, prospective customers, targets, suppliers,
financial advisors, officers or employees or (iii) hire or engage or otherwise
contract with, or attempt to hire or engage or otherwise contract with, any
officers, employees or financial advisors of the Company, whether to be an
employee, officer, agent, consultant or independent contractor; provided, however,
that nothing in this Section 8(a) shall be deemed to prohibit the
Executive from soliciting a customer, prospective customer, target or supplier
of the Company or any of its subsidiaries during the Non-Competition Period if
such action relates solely to a business which is not Competitive with the
Company. A customer, prospective customer, target, supplier, financial advisor,
officer or employee of the Company or any of its subsidiaries is any one who
was such within the preceding twelve months, excluding, however, any
prospective customer or target which was solicited solely by mass mailing or
general advertisement during that period and any officer, employee or financial
advisor whose relationship with the Company was terminated by the Company or
any of its subsidiaries other than for circumstances that would constitute “cause”
(within the meaning of any such definition applicable to such officer, employee
or financial advisor, or, if no such definition is applicable, “cause” as
defined in Section 14 of the form of option agreements under the 1999 Stock
Option Plan for Incentive Stock Options and/or 1999 Stock Option Plan for
Non-Qualified Options) and provided further, with respect to the Company’s
subsidiaries, that the Executive during his employment with the Company was
introduced to, or otherwise knew of or should have known of the relationship
of,

such customer, prospective customer, target, supplier, financial
advisor or employee to the subsidiary.

b.             Notwithstanding
anything herein to the contrary, in the event that the Executive terminates his
employment hereunder without Good Reason, the Executive shall, at the Company’s
election, which election shall be provided to the Executive prior to the date
of termination, (1) receive the payments and benefits specified in Section 5(e)
with a Severance Multiplier of one (1) and be subject to a Non-Competition
Period which shall continue for two (2) years following the date of termination
of the Executive’s employment or (2) receive no payments and benefits specified
in Section 5(e) and be subject to a Non-Competition Period which shall continue
for one (1) year following the date of termination of the Executive’s
employment.

c.             The
Executive may seek a waiver from the Company of his obligations pursuant to
this Section 8, which waiver shall not be unreasonably withheld or delayed. As
of the date of the grant of such waiver by the Company, all payments and
benefits under the applicable provision of Section 5 shall cease (other than
the payment of Final Compensation, excluding the payments and benefits under
clause (v) of the definition thereof which shall cease or be reimbursed by the
Executive on a pro-rata basis for the waived time period of the one (1) year
Non-Competition Period, as applicable) or Accrued Compensation, as applicable).

9.             Reasonableness;
Enforcement. The Company and the Executive acknowledge that the time,
scope, geographic area and other provisions of Sections 6, 7 and 8 (the “Covenants”)
have been specifically negotiated by sophisticated parties and agree that all
such provisions are reasonable under the circumstances of the activities
contemplated by this Agreement. The Executive acknowledges and agrees that the
terms of the Covenants: (i) are reasonable in light of all of the
circumstances, (ii) are sufficiently limited to protect the legitimate
interests of the Company, (iii) impose no undue hardship, (iv) are not
injurious to the public, and (v) are essential to protect the business and
goodwill of the Company and its affiliates and are a material term of this
Agreement which has induced the Company to agree to provide for the payments
and benefits described in this Agreement and induced Holdings to enter into the
Merger Agreement. The Executive further acknowledges and agrees that the
Executive’s breach of the Covenants will cause the Company and Holdings
irreparable harm, which cannot be adequately compensated by money damages. The
Executive and the Company agree that, in the event of an actual or threatened
breach of Section 8, the Company shall be entitled to injunctive relief for any
actual or threatened violation of any of the Covenants in addition to any other
remedies it may have at law or equity, including money damages.

10.           Survival.
Provisions of this Agreement shall survive any termination if so provided
herein or if necessary or desirable to accomplish the purposes of other
surviving provisions, including without limitation the obligations of the
Executive under Sections 6, 7, 8 and 9 hereof and the obligations of the
Company pursuant to Section 5 hereof.

11.           Conflicting
Agreements. The Executive hereby represents and warrants that the execution
of this Agreement and the performance of his obligations hereunder will not
breach or be in conflict with any other agreement to which the Executive is a
party or is bound and that the Executive is not now subject to any covenants
against competition or similar covenants or any

court order or other
legal obligation that would affect the performance of his obligations
hereunder. The Executive will not disclose to or use on behalf of the Company
any proprietary information of a third party without such party’s consent.

12.           Definitions.
Words or phrases which are initially capitalized or are within quotation marks
shall have the meanings provided in this Section and as provided elsewhere
herein. For purposes of this Agreement, the following definitions apply:

a.             “Change
in Control” means the consummation, after the date of Closing, of (i) any
consolidation or merger of the Company with or into any other Person, or any
other corporate reorganization, transaction or transfer of securities of the
Company by its stockholders, or series of related transactions (including the
acquisition of capital stock of the Company), whether or not the Company is a
party thereto, in which the stockholders of the Company immediately prior to
such consolidation, merger, reorganization or transaction, own, directly or
indirectly, capital stock either (A) representing directly or indirectly
through one or more entities, less than fifty percent (50%) of the equity
economic interests in or voting power of the Company or other surviving entity
immediately after such consolidation, merger, reorganization or transaction or
(B) that does not directly, or indirectly through one or more entities, have
the power to elect a majority of the entire board of directors or other similar
governing body of the Company or other surviving entity immediately after such
consolidation, merger, reorganization or transaction, (ii) any transaction or
series of related transactions, whether or not the Company is party thereto,
after giving effect to which in excess of fifty percent (50%) of the Company’s
voting power is owned directly, or indirectly through one or more entities, by
any person and its “affiliates” or “associates” (as such terms are defined in
the Exchange Act Rules) or any “group” (as defined in the Exchange Act Rules)
other than, in each case, the Company or an Affiliate of the Company
immediately following the Closing, or (iii) a sale or other disposition of all
or substantially all of the consolidated assets of the Company (each of the
foregoing, a “Business Combination”), provided that, notwithstanding the
foregoing, the following transactions shall in no event constitute a Change in
Control: (A) a Business Combination following which the individuals or entities
who were beneficial owners of the outstanding securities entitled to vote
generally in the election of directors of the Company immediately prior to such
Business Combination beneficially own, directly or indirectly, 50% or more of
the outstanding securities entitled to vote generally in the election of
directors of the resulting, surviving or acquiring corporation in such
transaction or (B) an IPO.

b.             “Confidential
Information” means any confidential proprietary information relating to the
business of the Company or its affiliates or their respective customers or
clients which has an economic value to the Company or its affiliates.
Confidential Information does not include any information that enters the
public domain other than through a breach by the Executive of his duties to the
Company hereunder or which is obtained by the Executive from a third party
which has no obligation of confidentiality to the Company.

c.             “Fair
Market Value” means, as of any date, the Board of Directors’ good faith
determination of the fair market value, taking into an account the most recent
annual valuation (which shall be required to be conducted by an independent
appraiser at least annually) and updated by the Company in good faith for the
most recently ended quarter.

d.             “Initial
Public Offering” or “IPO” means the initial offering of stock to the public
by the Company or stockholders of the Company or Holdings requiring
registration under the Securities Act.

e.             “Intellectual
Property” means any invention, formula, process, discovery, development,
design, innovation or improvement (whether or not patentable or registrable
under copyright statutes) made, conceived, or first actually reduced to
practice by the Executive solely or jointly with others, during his employment
by the Company; provided, however, that, as used in this Agreement, the term “Intellectual
Property” shall not apply to any invention that the Executive develops on his
own time, without using the equipment, supplies, facilities or trade secret
information of the Company, unless such invention relates at the time of
conception or reduction to practice of the invention (a) to the business of the
Company, (b) to the actual or demonstrably anticipated research or development
of the Company or (c) results from any work performed by the Executive for the
Company.

f.              “Person”
means an individual, a corporation, a limited liability company, an
association, a partnership, an estate, a trust and any other entity or
organization, other than the Company or any of its subsidiaries.

13.           Withholding.
All payments or other benefits, to the extent required by law, made by the
Company under this Agreement shall be reduced by any tax or other amounts
required to be withheld by the Company under applicable law.

14.           Legal
Fees. The Company shall at its election either pay directly the joint legal
expenses incurred by the Executive and the other executives of the Company with
whom the Company is entering into employment agreements effective as of the
Closing in the negotiation and preparation of their employment agreements or
reimburse the Executive for his portion of such joint legal expenses. In addition,
all reasonable costs and expenses that are reasonably documented (including
court and arbitration costs and reasonable legal fees and expenses that reflect
common practice with respect to the matters involved) incurred by the Executive
as a result of any claim, action or proceeding arising out of this Agreement or
the contesting, disputing or enforcing of any provision, right or obligation
under this Agreement shall be paid, or reimbursed to the Executive, if, in the
final resolution of the dispute, the Executive either recovers material
monetary damages (in cash or in kind, such as benefits) or is the prevailing
party on a material non-monetary claim (such as a dispute regarding a
restrictive covenant).

15.           Dispute Resolution.

a.             Except
as provided in Section 9, any dispute, controversy or claim between the parties
arising out of this Agreement or the Executive’s employment with the Company or
termination of employment shall be settled by arbitration conducted in the city
in which the Executive is located administered by the American Arbitration
Association under its Employment Dispute Resolution Rules then in effect
(except as modified by b. below).

b.             In
the event that a party requests arbitration (the “Requesting Party”), it
shall serve upon the other party (the “Non-Requesting Party”), within
one hundred and eighty (180) days of the date the Requesting Party knew, or
reasonably should have known, of the facts

on which the controversy, dispute or claim is based, a written demand
for arbitration stating the substance of the controversy, dispute or claim, the
contention of the party requesting arbitration and the name and address of the
arbitrator appointed by it. The Non-Requesting Party, within sixty (60) days of
such demand, shall accept the arbitrator or appoint a second arbitrator and
notify the other party of the name and address of this second arbitrator so
selected, in which case the two arbitrators shall appoint a third who shall be
the sole arbitrator to hear the case. In the event that the two arbitrators
fail in any instance to appoint a third arbitrator within thirty (30) days of
the appointment of the second arbitrator, either arbitrator or any party to the
arbitration may apply to the American Arbitration Association for appointment
of the third arbitrator in accordance with the Rules, which arbitrator shall be
the sole arbitrator to hear the case. Should the Non-Requesting Party (upon
whom a demand for arbitration has been served) fail or refuse to accept the
arbitrator appointed by the other party or to appoint an arbitrator within
sixty (60) days, the single arbitrator shall have the right to decide alone,
and such arbitrator’s decision or award shall be final and binding upon the
parties.

c.             The
decision of the arbitrator shall be in writing; shall set forth the basis for
the decision; and shall be rendered within thirty (30) days following the
hearing. The decision of the arbitrator shall be final and binding upon the
parties and may be enforced and executed upon in any court having jurisdiction
over the party against whom enforcement of such award is sought.

16.           No
Withholding of Undisputed Payments. During the pendency of any dispute or
controversy, the Company shall not withhold any payments or benefits due to the
Executive, whether under this Agreement or otherwise, except for the specific
portion of any payment or benefit that is the subject of a bona fide dispute
between the parties.

17.           Assignment.
Neither the Company nor the Executive may make any assignment of this Agreement
or any interest herein, by operation of law or otherwise, without the prior
written consent of the other. This Agreement shall inure to the benefit of and
be binding upon the Company and the Executive, their respective successors,
executors, administrators, heirs and permitted assigns.

18.           Severability.
If any portion or provision of this Agreement shall to any extent be declared
illegal or unenforceable by a court of competent jurisdiction, then the
remainder of this Agreement, or the application of such portion or provision in
circumstances other than those as to which it is so declared illegal or
unenforceable, shall not be affected thereby, and each portion and provision of
this Agreement shall be valid and enforceable to the fullest extent permitted
by law.

19.           Waiver.
No waiver of any provision hereof shall be effective unless made in writing and
signed by the waiving party. The failure of either party to require the
performance of any term or obligation of this Agreement, or the waiver by
either party of any breach of this Agreement, shall not prevent any subsequent
enforcement of such term or obligation or be deemed a waiver of any subsequent
breach.

20.           Notices.
Any and all notices, requests, demands and other communications provided for by
this Agreement shall be in writing and shall be effective when delivered in

person or the next
business day following consignment for overnight delivery to a reputable
national overnight courier service or five business days following deposit in
the United States mail, postage prepaid, registered or certified, and addressed
to the Executive at his last known address on the books of the Company or, in
the case of the Company, at its principal place of business, attention of the
Chairman of the Board, or to such other address as a party may specify by
notice to the other actually received. Copies of any notices, requests, demands
and other communication to the Company by the Executive shall be sent by the to
the Investors at the following address: c/o Texas Pacific Group, 301 Commerce
Street, Suite 3300, Fort Worth, TX 76102, Attn: Richard Schifter (Fax:
415-743-1501) and c/o Hellman & Friedman LLC, One Maritime Plaza, 12th
Floor, San Francisco, CA 94111, Attn: Jeffrey Goldstein (Fax: 415-835-5408).

21.           Entire
Agreement. This Agreement and the Indemnification Agreement constitute the
entire agreement between the parties and supersede all prior communications,
agreements and understandings, written or oral, with respect to the terms and
conditions of the Executive’s employment including without limitation the
Management Arrangements — Summary of Key Terms.

22.           Amendment.
This Agreement may be amended or modified only by a written instrument signed
by the Executive and by an authorized representative of the Company subject to prior
approval by the Board.

23.           Headings.
The headings and captions in this Agreement are for convenience only and in no
way define or describe the scope or content of any provision of this Agreement.

24.           Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall
be an original and all of which together shall constitute one and the same
instrument.

25.           Governing
Law. This is a Massachusetts contract and shall be construed and enforced
under and be governed in all respects by the laws of the Commonwealth of
Massachusetts, without regard to the conflict of laws principles thereof.

[Remainder of page intentionally left blank]

IN WITNESS WHEREOF, this Agreement has been executed
as a sealed instrument by the Company, by its duly authorized representative,
and by the Executive, as of the date first above written.

	
  THE EXECUTIVE

  	
  THE
  COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  C. William Maher

  	
   

  	
  By:

  	
     /s/ Mark S.
  Casady

  	
   

  
	
   

  	
  Name:
  C. William Maher

  	
   

  	
   

  	
  Name: Mark S. Casady

  
	
   

  	
   

  	
   

  	
  Title:

  
							

 

In addition, BD
Investment Holdings Inc. agrees to be bound by the terms of Section 4(c) of the
Employment Agreement which is expressly applicable to BD Investment Holdings
Inc.

BD INVESTMENT HOLDINGS
INC.

	
  By:

  	
      /s/ Allen R. Thorpe

  	
   

  
	
   

  	
  Name: /s/ Allen R. Thorpe

  	
   

  
	
   

  	
  Title:

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