Document:

EX-10.14

Exhibit 10.14

RESTRICTED STOCK GRANT NOTICE AND AGREEMENT

          MedAssets, Inc. (the “Company”), pursuant to its Long Term Performance Incentive Plan
(the “Plan”), hereby grants to Holder the number of shares of the Restricted Stock set
forth below, pursuant the terms of this Restricted Stock Grant Notice and Agreement (this
“Grant Notice”). The Restricted Stock is subject to all of the terms and conditions as set
forth herein, as well as the terms and conditions of the Plan, all of which are incorporated herein
in their entirety. Capitalized terms not otherwise defined herein shall have the same meaning as
set forth in the Plan.

	 	 	 
	Holder:

	 	 
	 
	Date of Grant:

	 	 
	 
	Number of Shares of
	 	 
	Restricted Stock:

	 	                                        
	 
	Vesting Schedule:

	 	[Applicable vesting schedule to be inserted]
	 
	 	 
	Definitions:

	 	For purposes of this Grant Notice, the following terms shall be defined as set forth below:
	 
	 	 
	 

	 	“Cash EPS” means the Company’s fully-diluted net income per share of Stock, excluding (i) non-cash
acquisition-related intangible amortization, (ii) non-cash share-based compensation expense, and (iii)
certain Board-approved non-recurring items, each of which on a tax-adjusted basis.
	 
	 	 
	 

	 	“Performance Percentage” shall equal (a) [______] percent (%), if the Company achieves a [______] percent (%)
compounded annual growth rate of Cash EPS for the Performance Period; and (b) [______] percent (%) if
the Company achieves a [______] percent (%) or greater compounded annual growth rate of Cash EPS for the
Performance Period. In the event that the compounded annual growth rate of Cash EPS achieved for the
Performance Period is greater than [______] percent (%) but less than [______] percent (%), the
Performance Percentage shall be determined using a straight-line interpolation.
	 
	 	 
	 

	 	“Performance Period” means the [______] period ending on [______].
	 
	 	 
	Termination:

	 	In the event of Holder’s Termination (i) by the Employer for any reason other than Cause, (ii) by reason of
Holder’s death or Disability, or (iii) by Holder for any reason other than a Qualifying Retirement, (A) all
vesting with respect to the Restricted Stock shall cease, and (B) any unvested shares of Restricted Stock
shall be forfeited by Holder for no consideration.
	 
	 	 
	 

	 	In the event of Holder’s Termination by reason of a Qualifying Retirement, the Restricted Stock shall
continue to vest in accordance with its original vesting schedule as if no such termination had occurred.
	 
	 	 
	 

	 	In the event of Holder’s termination by the Employer for Cause, (i) all vesting with respect to the
Restricted Stock shall cease, (ii) any unvested shares of Restricted Stock shall be forfeited by the Holder
for no consideration, and (iii) any vested shares of Restricted Stock shall remain subject incentive
compensation clawback or recoupment policy then approved by the Company, as set forth below.
	 
	 	 
	Additional Terms:
	 	 

	 	•	 	The transfer restrictions described in Section 6(b) of the
Plan are incorporated herein by reference and made a part
hereof.
	 
	 	•	 	The Restricted Stock granted hereunder shall be registered
in Holder’s name on the books of the Company during such time
that the Restricted Stock remains unvested and for such
additional time that the Company deems appropriate.
Any certificates representing the vested Restricted Stock
delivered to Holder shall be subject to such stop transfer
orders and other restrictions as the Company may deem
advisable under the rules, regulations, and other
requirements of the Securities and Exchange Commission, any
stock exchange upon which such

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	 	 	 	shares are listed, and any
applicable federal or state laws, and the Company may cause
a legend or legends to be put on any such certificates to
make appropriate reference to such restrictions as the
Company deems appropriate.
	 
	 	•	 	Holder shall be the record owner of the shares of
Restricted Stock until or unless such Restricted Stock is
forfeited, or otherwise sold or transferred in accordance
with the terms of the Plan, and as record owner shall
generally be entitled to all rights of a stockholder of the
Company with respect to the Restricted Stock; provided,
however, that the Company will retain custody of all
dividends and distributions, if any (“Retained
Distributions”), made or declared on the Restricted Stock
(and such Retained Distributions shall be subject to
forfeiture and the same restrictions, terms and vesting and
other conditions as are applicable to the Restricted Stock)
until such time, if ever, as the Restricted Stock with
respect to which such Retained Distributions shall have been
made, paid or declared shall have become vested, and such
Retained Distributions shall

 not bear interest or be
segregated in a separate account. As soon as practicable
following each applicable vesting date (and in no event later
than 2 1/2 months following the end of the calendar year in
which the applicable vesting date occurs), any applicable
Retained Distributions shall be delivered to
Holder.1
	 
	 	•	 	Upon vesting of the Restricted Stock (or such other time
that the Restricted Stock is taken into income), Holder will
be required to satisfy applicable withholding tax
obligations, if any, as provided in the Plan.
	 
	 	•	 	Holder acknowledges and agrees that, as a condition of the
grant of Restricted Stock hereunder, and in accordance with
Section 18(a) of the Plan, the Restricted Stock granted
hereunder will be forfeited, in the discretion of the
Committee in the event that (i) at any time during the term
of Holder’s employment with the Company, or prior to the
second (2nd) anniversary of Holder’s Termination for any
reason, the Committee in good faith determines that Holder
has committed a material breach of Holder’s employment or
post-employment obligations to the Company, (ii) following
completion of the Performance Period, the Committee
determines that the Company failed to achieve the applicable
compounded annual growth rate of Cash EPS during the
Performance Period that resulted in the vesting of Restricted
Stock as a result of Cash EPS being adjusted by the Committee
in connection with a restatement of the Company’s financial
statements for one (1) or more years of the Performance
Period, or (iii) any forfeiture event set forth in any
incentive compensation clawback or recoupment policy then
approved by the Company occurs. Holder further acknowledges
and agrees that the adoption or amendment of any such policy
shall in no event require the prior consent of Holder.
	 
	 	•	 	This Grant Notice does not confer upon Holder any right to
continue as service provider of the Company, the Employer or
their respective Affiliates.
	 
	 	•	 	This Grant Notice shall be construed and interpreted in
accordance with the laws of the State of Delaware, without
regard to the principles of conflicts of law thereof.
	 
	 	•	 	Holder agrees that the Company may deliver by email all
documents relating to the Plan or the Restricted Stock
(including, without limitation, a copy of the Plan) and all
other documents that the Company is required to deliver to
its security holders (including, without limitation,
disclosures that may be required by the Securities and
Exchange Commission). Holder also agrees that the Company
may deliver these documents by posting them on a website
maintained by the

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	 	 	 	Company or by a third party under contract
with the Company. If the Company posts these documents on a
website, it shall notify Holder by email.

*      *      *

THE UNDERSIGNED HOLDER ACKNOWLEDGES RECEIPT OF THIS GRANT NOTICE AND THE PLAN, AND, AS AN EXPRESS
CONDITION TO THE GRANT OF RESTRICTED STOCK HEREUNDER, AGREES TO BE BOUND BY THE TERMS THIS GRANT
NOTICE AND THE PLAN.

	 	 	 	 	 	 	 	 	 	 	 
	MEDASSETS, INC.	 	 	 	HOLDER	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Signature
	 	 	 	 	 	Signature	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 

5EX-10.14

Exhibit 10.14

June 19, 2007

Scott I. Verner

Dear Scott,

We are very enthusiastic regarding the potential your leadership brings for the acceleration of the
growth at Home Diagnostics, Inc.

This letter will confirm the elements of the compensation and other terms relating to your offer of
full-time employment at Home Diagnostics, Inc.

	 	 	 	 	 
	I.

	 	Employment Date:
	 	               July 30, 2007
	 
	 	 	 	 
	II.

	 	Position:
	 	Senior Vice President, Sales and Marketing
	 

	 	Level:
	 	Senior Vice President
	 

	 	Reporting to:
	 	Richard Damron, President/Chief Executive Officer
	 

	 	FLSA Status:
	 	Exempt
	 
	 	 	 	 
	III.

	 	Compensation/Benefits:
	 	 

	 	A.	 	Compensation
	 
	 	 	 	Annual base salary: $240,000
	 
	 	 	 	You will receive an annual salary of $240,000 with a review in twelve months. This
will be paid bi-weekly, every other Friday.
	 
	 	 	 	MBO Bonus Program: You will be eligible to participate in the 2007 MBO
Bonus program.
	 
	 	 	 	Target bonus: 40% of base salary (prorated for 2007 — 6 months)

Additional Management Bonus consideration: The Company will agree to add to
your 2007 bonus target an additional $22,500.
	 
	 	 	 	Target 2007
Bonus total =
$70,500.

	 
	 	 	 	The total 2007 bonus payout will be based on program criteria as detailed in the
attached 2007 Management Bonus program description.

* The Executive Management Bonus program is subject to change annually as determined
in the sole discretion of Home Diagnostic’s Board of Directors.

Sign-on Bonus:

You will receive a sign-on bonus in the amount of $22,500 payable with your first
paycheck. A prorated portion of this bonus will be returned to the company should
you voluntarily terminate your employment within (6) months from your date of hire.

	 	B.	 	Relocation (total costs not to exceed $75,000, grossed up for taxes)**:

	 	•	 	Reimbursement of documented costs associated with relocation of your family,
household goods and vehicles.

 

 

	 	•	 	Temporary housing — The Company, if requested, will arrange for temporary
housing in the Ft. Lauderdale area on a month-to-month basis not to exceed 6
months. You may choose to obtain temporary housing in the Ft. Lauderdale area
on your own; which the company will reimburse you for that expense not to
exceed 6 months.
	 
	 	•	 	Four (4) house-hunting trips: Includes airfare for you and your immediate
family, accommodations, meals and car rental. Expenses will be reimbursed in
accordance with the HDI Travel and Expense policy.
	 
	 	•	 	Documented actual closing costs for both homes (the Company will reimburse a
maximum of 6% for realtor commissions).

** A prorated portion of the moving expenses is returnable if you leave the
employment of the Company voluntarily within 12 months.

	 	C.	 	Stock Options:
	 
	 	 	 	Subject to approval by the HDI Board of Directors, you will receive an initial stock
option grant of 65,000 shares of HDI common stock. The stock will be priced at the
later of either the closing price as of the date of Board approval or employment
start date. These options will vest over a three year period the anniversary date
of the original grant date for each of the 3 years at 35%, 35% and 30% respectively.
	 
	 	D.	 	Income Continuation Protection:
	 
	 	 	 	In the event that your employment is terminated by Home Diagnostics at anytime
without “Cause” you shall be entitled to receive:

	 	I.	 	6 months salary continuation at your highest base salary
during the past 12 months; and
	 
	 	II.	 	Health benefits for you and your family during the salary
continuation period.

In the event that, during the 12-month period after a Change of Control of Home
Diagnostics, your employment is terminated by the Company or any successor entity
without “Cause”, or reassignment within the first three (3) years following a Change
of Control with Home Diagnostics or any successor entity to an office 25 miles or
more from your current office location, in addition to the benefits listed above you
shall also be entitled to receive accelerated vesting of all outstanding stock
options.

The income continuation benefits detailed above are subject to the limitation that
if you become employed full-time with equivalent benefits following termination, all
income continuation and medical benefits shall cease.

For purposes of this letter:

“Change of Control” shall mean: (i) any ‘person’ (as such term is used in Sections
13(d) and 14(d) of the Exchange Act) is or becomes the ‘beneficial owner’ (as
defined in Rule 13(d) under the Exchange Act, directly or indirectly, of securities
representing fifty percent (50%) or more of the combined voting power
of the then outstanding securities, (ii) a merger, consolidation, share exchange, business
combination, joint venture or similar transaction, as a result of which the
stockholders of the Company prior to such transaction hold less than fifty percent
(50%) of the combined voting power of the then

 

 

outstanding securities after giving
effect to such transaction, (iii) any sale, lease, exchange, transfer or other
disposition of all or substantially all of the assets of Company, or (iv) where the
Company has filed a Current Report on Form 8 -K reporting under current Item 5.01
(or other Item if subsequently renumbered or subsequent Item) that a change of
control of the Company has occurred;

“Cause” shall mean (1) the indictment of, or the bringing of formal charges against
you by a governmental authority for charges involving fraud, embezzlement,
dishonesty, violence or moral turpitude; (2) your commission of any criminal act;
(3) willful misconduct, gross negligence, gross malfeasance, gross misfeasance, or
gross misconduct by you in the performance of your job; (4) actions by you which
cause (company)’s reputation or image to materially suffer; (5) a breach by you of
your Confidentiality and Non-Competition agreement; and (6) other events or matters
relating to your job performance or conduct that would ordinarily cause an employer
to seriously consider the termination of an employee’s employment.

	 	E.	 	Health/Dental/Vision/Life/STD/LTD Benefits
	 
	 	 	 	Health and dental coverage is provided by HDI at very attractive rates. You will be
eligible for enrollment on the first of the month following 30 days of employment.
	 
	 	 	 	HDI will provide life insurance coverage equal to three (3) times your salary to a
maximum of $500,000 and accidental death and dismemberment equal to six (6) times
your salary at no cost to you (certain tax implications may apply). Supplemental
spousal and dependent life insurance is also available.
	 
	 	 	 	HDI provides all employees short-term disability coverage at no cost, which will pay
60% of your weekly salary with a maximum of $1,000 per week. The company offers a
long-term disability program at discounted group rates, which pays 66 2/3% of your
monthly earnings with a maximum of $6,500 per month.
	 
	 	 	 	401(k): Details on the HDI 401(k) plan will be provided during new employee
orientation. You will be eligible for enrollment after 90 days of employment with
HDI.
	 
	 	 	 	While the benefits listed above are for the most part paid by HDI, the level of
benefits and who pays for them and how much each pays are subject to change from
time to time.
	 
	 	F.	 	Vacation:
	 
	 	 	 	You will be eligible for three (3) weeks of vacation time per year. This is accrued
on a bi-weekly basis. You will be eligible to use your accrued vacation time after
6 months of employment.

Please be advised that all offers of employment are contingent upon a satisfactory result and
completion of your background check and drug screen.

This represents all of the details regarding your initial compensation and benefits entitled to
you. Notwithstanding the foregoing terms, your employment is “at will” and is not for any definite
period of time. Nothing herein shall be constructed as guaranteeing or promising

 

 

employment for any specific time, and your employment may be terminated at any time and for any reason, with or
without advance notice.

In compliance with the Immigration and Control Act of 1986, you are required to complete the
Employment Eligibility Verification Form I-9 at the time of hire. You will be required to provide
documents establishing your identity and employment eligibility.

You will be required as a condition of employment to sign an employment agreement. The employment
agreement contains non-compete, non-disclosure and confidentiality language.

Your signature on this document acknowledges that you have read and agree to the terms of this
letter as well as certify that you are not bound by an active non-compete or other agreement that
would not allow you to perform the duties of this position.

If you accept our offer to join us, please sign one copy of the attached letter and fax it to (954)
486-6971. Please feel free to call me at 800-342-7226, extension 3043 if you have any questions.

Sincerely,

Kim Zeltwanger

Director, Human Resources

AGREED TO AND ACCEPTED:

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

/s/ Scott I. Verner
	 	 

	 	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 

	 	 

This letter supersedes any prior or contemporaneous discussion, and any subsequent changes in the
terms of our offer may be made only in writing.

This offer letter will expire June 25, 2007.

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