Document:

Exhibit 10.9

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 C. William Maher (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) if, 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 full 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 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

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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
he 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 shall 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 be 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 Act; 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 contendero
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 shall 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 shall 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.

 11
 

(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.

 12

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

	
  INDEMNITEE

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ C. William Maher

  	
   

  
	
   

  	
  Name: C. William Maher

  
	
   

  	
   

  
	
  Address:

  	
  15050 Saddlebrook Lane

  
	
   

  	
  Povay, CA 92064

  
				

 

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 10.10

AGREEMENT

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into this
28th day of December, 2005, by and between William E. Dwyer III (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 Managing Director,
National Sales, reporting to the Chief Executive Officer of the Company (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 fall bonus, without pro-ration, 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 

 2
 

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 (1) 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, 

 3
 

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 

 4
 

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 

 5
 

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 (1), 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(t) (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(i), 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 

 6
 

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

 7
 

Company’s headquarter offices in Boston, 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 

 8
 

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, 

 9
 

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 (8) 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 (ill) 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, 

 10
 

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 

 11
 

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 entitles, 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.

 12
 

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 

 13
 

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 

 14
 

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 Schiffer (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]

 15
 

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/ William E. Dwyer III

  	
   

  	
  By:

  	
    /s/ Mark S. Casady

  	
   

  
	
   

  	
  Name: William E. Dwyer III

  	
   

  	
  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: Allen R.
  Thorpe

  
	
   

  	
  Title:

  

 

 16

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