Document:

Form of Indemnification Agreement

     

    INDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement (this "Agreement")
      is
      made as of October ___, 2005, between Ventiv Health, Inc., a Delaware
      corporation (the "Company"),
      and
    
      (the
      "Indemnitee").

     

     

    Recitals

     

    A.  The
      Indemnitee is an executive officer of the Company and/or a member of the
      Company's Board of Directors (the "Board")
      and,
      in such capacity, is performing valuable services for the Company.

     

    B.  The
      Company has adopted By-Laws, as amended (the "By-Laws"),
      providing for indemnification of the directors and officers of the Company
      in
      accordance with Section 145 of the Delaware General Corporation Law (the
      "DGCL").
      The
      By-Laws and the DGLC specifically provide that they are not exclusive, and
      contemplate that agreements may be entered into between the Company and
      directors and officers with respect to indemnification of directors and
      officers.

     

    C.  In
      recognition of the need for corporations to be able to induce capable and
      responsible persons to accept positions in corporate management, Delaware law
      authorizes (and in some instances requires) corporations to indemnify their
      directors and officers and further authorizes corporations to purchase and
      maintain insurance for the benefit of their directors and officers.

     

    D.  The
      Company and the Indemnitee further recognize that officers and directors may
      be
      exposed to certain risks including the increased risk of litigation and other
      claims being asserted against directors and executive officers of public
      companies in today's environment.

     

    E.  These
      factors with respect to the coverage and cost to the Company of D&O
      Insurance and issues concerning the scope of indemnity under the DGCL and
      By-Laws generally have raised questions concerning the adequacy and reliability
      of the protection presently afforded to directors and executive
      officers.

     

    F.  There
      are
      at this time no threatened, pending or completed Proceedings (as defined in
      this
      Agreement) known to either the Company or the Indemnitee.

     

    G.  In
      order
      to address such issues and to further induce the Indemnitee to serve and
      continue to serve as an executive officer and/or a member of the Board, the
      Company and the Indemnitee desire to enter into this Agreement.

     

     

    Statement
      of Agreement

     

    In
      consideration of the Indemnitee's continued service as an executive officer
      and/or a member of the Board after the date of this Agreement, the Company
      and
      the Indemnitee hereby agree as follows:

     

    1.  Indemnity
      of the Indemnitee.
      (a)
      Subject only to the limitations set forth in Section 2 below, the Company shall
      indemnify the Indemnitee to the full extent not otherwise prohibited by the
      DGCL
      or other applicable law, including without limitation indemnity,

     

    (i)
      against any and all costs, charges and expenses (including legal, expert, and
      other professional fees and expenses paid or payable in connection with
      investigating, defending, being a witness in or participating in (including
      on
      appeal), or preparing to investigate, defend, be a witness in or participate
      in
      (including on appeal), any Proceeding (defined below), judgments, damages,
      fines
      (including excise taxes with respect to employee benefit plans), penalties
      (whether civil, criminal or other), and amounts paid in settlement actually
      and
      reasonably incurred by the Indemnitee (collectively, "Losses"),
      in
      connection with any threatened, pending, or completed claim, demand, action,
      suit or proceeding (whether civil, criminal, administrative, arbitrative or
      other, whether made pursuant to federal, state or other law, and including,
      without limitation, an action by or in the right of the Company and any appeal
      of or from any judgment or decision), or any threatened, pending or completed
      inquiry or investigation, whether made, instituted or conducted by the Company
      or any other person, including any federal, state or other governmental entity,
      that the Indemnitee determines might lead to the institution of any such claim,
      demand, action, suit or other proceeding (each a "Proceeding"),
      in
      any case to which the Indemnitee is or at any time becomes a party or witness,
      or is threatened to be made a party or witness as a result, directly or
      indirectly, of (A) serving at any time: (I) as a director, officer, employee,
      or
      agent of the Company; or (II) at the request of the Company as a director,
      officer, employee, trustee, fiduciary, manager, member, or agent of a
      corporation, partnership, trust, limited liability company, employee benefit
      plan, or other enterprise or entity, (B) any actual, alleged or suspected act
      or
      failure to act by the Indemnitee in respect of any business, transaction,
      communication, filing, disclosure or other activity of the Company or any other
      entity or enterprise referred to in clause (A) of this sentence; and (ii)
      otherwise to the fullest extent that the Indemnitee may be indemnified by the
      Company under the Certificate of Incorporation of the Company, as amended (the
      "Certificate
      of Incorporation"),
      the
      By-Laws and the DGCL, including, without limitation, the non-exclusivity
      provisions thereof. In addition to any service at the actual request of the
      Company, for purposes of this Agreement, Indemnitee will be deemed to be serving
      or to have served at the request of the Company as a director, officer,
      employee, member, manager, trustee or agent of another entity or enterprise
      if
      Indemnitee is or was serving as a director, officer, employee, member, manager,
      trustee or agent of such entity or enterprise and (A) such entity or
      enterprise is or at the time of such service was a Controlled Affiliate,
      (B) such entity or enterprise is or at the time of such service was
      an
      employee benefit plan (or related trust) sponsored or maintained by the Company
      or a Controlled Affiliate, or (C) the Company or a Controlled Affiliate
      directly or indirectly caused or authorized Indemnitee to be nominated, elected,
      appointed, designated, employed, engaged or selected to serve in such capacity.
      For purposes hereof, "Controlled
      Affiliate"
      means
      any corporation, limited liability company, partnership, joint venture, trust
      or
      other entity or enterprise, whether or not for profit, that is directly or
      indirectly controlled by the Company. For purposes of this definition, "control"
      means the possession, directly or indirectly, of the power to direct or cause
      the direction of the management or policies of an entity or enterprise, whether
      through the ownership of voting securities, through other voting rights, by
      contract or otherwise; provided that direct or indirect beneficial ownership
      of
      capital stock or other interests in an entity or enterprise entitling the holder
      to cast 20% or more of the total number of votes generally entitled to be cast
      in the election of directors (or persons performing comparable functions) of
      such entity or enterprise will be deemed to constitute control for purposes
      of
      this definition. If the Indemnitee is entitled under any provision of this
      Agreement to indemnification by the Company for some or a portion of any Loss,
      but not for all of the total amount thereof, the Company will nevertheless
      indemnify the Indemnitee for the portion thereof to which the Indemnitee is
      entitled.

     

    2.  Limitations
      on Indemnity.
      No
      indemnity pursuant to Section 1 will be paid by the Company:

     

    (a)  Except
      to
      the extent that the aggregate amount of Losses to be indemnified exceed the
      aggregate amount of such Losses for which the Indemnitee is actually paid or
      reimbursed pursuant to directors’ and officers’ liability insurance, if any,
      which may be purchased and maintained by the Company or any of its subsidiaries
      or pursuant to the Certificate of Incorporation, the By-Laws or
      otherwise;

     

    (b)  To
      the
      extent determined by a court having jurisdiction in the matter, in a final
      adjudication from which there is no further right of appeal, that the Indemnitee
      actually realized a personal gain or profit to which the Indemnitee was not
      legally entitled, including profit from the purchase and sale by the Indemnitee
      of equity securities of the Company which are recoverable by the Company
      pursuant to Section 16(b) of the Securities Exchange Act of 1934, as
      amended;

     

    (c)  On
      account of the Indemnitee's conduct if it is proven by clear and convincing
      evidence in a court of competent jurisdiction that the Indemnitee's action
      or
      failure to act involved an act or omission undertaken with deliberate intent
      to
      cause injury to the Company or undertaken with reckless disregard for the best
      interests of the Company, except to the extent such indemnity is otherwise
      permitted under the DGCL;

     

    (d)  With
      respect to any remuneration paid to the Indemnitee determined, by a court having
      jurisdiction in the matter in a final adjudication from which there is no
      further right of appeal, to have been in violation of law;

     

    (e)  If
      it
      shall have been determined by a court having jurisdiction in the matter, in
      a
      final adjudication from which there is no further right of appeal, that
      indemnification is not lawful;

     

    (f)  On
      account of the Indemnitee's conduct to the extent it relates to any matter
      that
      occurred prior to the time such individual became an executive officer or a
      director of the Company; provided,
      however,
      that
      this limitation will not apply to the extent such matter occurred while the
      Indemnitee was a director, officer, employee or agent of the Company or its
      subsidiaries (other than prior to the time such entity became a subsidiary
      of
      the Company); or

     

    (g)  No
      indemnity pursuant to Section 1 shall be paid by the Company with respect to
      Proceedings initiated or brought voluntarily by the Indemnitee and not by way
      of
      defense, except pursuant to Section 7 with respect to proceedings brought to
      enforce rights or to collect money due under this Agreement; provided,
      however,
      that
      indemnity may be provided by the Company in specific cases if
      (i) authorized by another agreement to which the Company is a party
      whether
      heretofore or hereafter entered, (ii) otherwise ordered by the court in which
      the Proceeding is brought, or (iii) the Board finds it to be
      appropriate.

     

    In
      no
      event will the Company be obligated to indemnify the Indemnitee pursuant to
      this
      Agreement to the extent such indemnification is prohibited by applicable law.
      A
      determination as to whether the Indemnitee will be entitled to indemnification
      under Section 1 will be made in accordance with Section 3(a)
      hereof.

     

    3.  Advancement
      of Losses.
      Losses
      reasonably incurred by the Indemnitee in connection with any Proceeding will
      be
      promptly reimbursed or paid by the Company as they become due in advance of
      the
      final disposition of such Proceeding under the procedures set forth in Section
      3(b) below. The Indemnitee's right to such advancement is not subject to the
      satisfaction of any standard of conduct.

     

    4.  Certain
      Procedures Relating to Indemnification.

     

    (a)  For
      purposes of pursuing the Indemnitee's rights to indemnification under Section
      1
      hereof, the Indemnitee shall (i) submit to the Board a sworn statement of
      request for indemnification substantially in the form of Exhibit 1 attached
      hereto and made a part hereof (the “Request
      for Indemnification”)
      averring that the Indemnitee is entitled to indemnification hereunder; and
      (ii) present to the Company reasonable evidence of all amounts for which
      indemnification is requested. Without limiting Section 3(c), submission of
      a
      Request for Indemnification to the Board shall create a presumption that the
      Indemnitee is entitled to indemnification hereunder, and the Company shall,
      within 30 calendar days after submission of the Request for Indemnification,
      make the payments requested in the Request for Indemnification to or for the
      benefit of the Indemnitee, unless (A) within such 30-calendar-day period
      the Board shall resolve by vote of a majority of the Directors at a meeting
      at
      which a quorum is present that the Indemnitee is not entitled to indemnification
      under Section 1 hereof, (B) such vote shall be based upon clear and convincing
      evidence (sufficient to rebut the foregoing presumption), and (C) the Board
      shall notify the Indemnitee within such period of such vote, which notice will
      disclose with particularity the evidence upon which the vote is based. The
      foregoing notice shall be sworn to by all persons who participated in the vote
      and voted to deny indemnification. The provisions of this Section 3 are intended
      to be procedural only and will not affect the right of the Indemnitee to
      indemnification under Section 1 of this Agreement so long as the Indemnitee
      follows the prescribed procedure, and any determination by the Board that the
      Indemnitee is not entitled to indemnification and any failure to make the
      payments requested in the Request for Indemnification will be subject to
      judicial review by any court of competent jurisdiction.

     

    (b)  For
      purposes of obtaining payments of Losses in advance of final disposition
      pursuant to Section 2, the Indemnitee shall submit to the Company a
      sworn
      request for advancement of Losses substantially in the form of Exhibit 2
      attached hereto and made a part hereof (the “Undertaking
      and Request for Payment”),
      averring that the Indemnitee has reasonably incurred or will reasonably incur
      actual Losses in defending a Proceeding referred to in Section 1, or pursuant
      to
      Section 6 hereof. The Indemnitee shall execute the Undertaking and Request
      for Payment by which the Indemnitee undertakes to: (A) repay such amount if
      it
      is ultimately determined that the Indemnitee is not entitled to be indemnified
      by the Company under this Agreement or otherwise; and (B) reasonably cooperate
      with the Company concerning the Proceeding. In the event that the Indemnitee
      executes the Undertaking and Request for Payment, the Losses which are paid
      by
      the Company pursuant thereto will be required to be repaid by the Indemnitee
      only if the Indemnitee is required to do so under the terms of the Undertaking
      and Request for Payment. Upon receipt of the Undertaking and Request for
      Payment, the Company shall thereafter within five business days pay
      such
      Losses of the Indemnitee as are noticed to the Company in reasonable detail
      arising out of the matter described in the Undertaking and Request for Payment.
      No security will be required in connection with any Undertaking and Request
      for
      Payment.

     

    (c) In
      making
      any determination under Section 3(a), the Board will presume that Indemnitee
      has
      satisfied the applicable standard of conduct, and the Company may overcome
      such
      presumption only by its adducing clear and convincing evidence to the contrary.
      No determination by the Company (including by its Board) that the Indemnitee
      has
      not satisfied any applicable standard of conduct will be a defense to any
      Proceeding by the Indemnitee for indemnification or reimbursement or advance
      payment of expenses by the Company hereunder or create a presumption that the
      Indemnitee has not met any applicable standard of conduct.

     

    5.  Continuation
      of Obligations.
      All
      obligations of the Company under this Agreement will apply retroactively
      beginning on the date the Indemnitee commenced as, and will continue during
      the
      period that the Indemnitee remains, a director or executive officer of the
      Company or is, as described above, a director, officer, employee, trustee,
      fiduciary, manager, member, or agent of another corporation, partnership,
      limited liability company, trust, employee benefit plan, or other enterprise
      and
      will continue thereafter as long as the Indemnitee may be subject to any
      possible claim or any threatened, pending or completed Proceeding as a result,
      directly or indirectly, of being such a director, officer, employee, trustee,
      fiduciary, manager, member, or agent.

     

    6.  Notification
      and Defense of Claim.
      Promptly
      after receipt by the Indemnitee of notice of the commencement of any Proceeding,
      if a claim is to be made against the Company under this Agreement, the
      Indemnitee shall notify the Company of the commencement thereof, but the delay
      or omission to so notify the Company will not relieve the Company from any
      liability which it may have to the Indemnitee under this Agreement, except
      to
      the extent the Company is materially prejudiced by such delay or omission.
      With
      respect to any such Proceeding of which the Indemnitee notifies the Company
      of
      the commencement:

     

    (a)  The
      Company will be entitled to participate therein at its own expense;

     

    (b)  The
      Company will be entitled to assume the defense thereof, jointly with any other
      indemnifying party similarly notified, with counsel selected by the Company
      and
      approved by the Indemnitee, which approval will not unreasonably be withheld.
      After notice from the Company to the Indemnitee of the Company's election to
      assume such defense, the Company will not be liable to the Indemnitee under
      this
      Agreement for any legal or other Losses subsequently incurred by the Indemnitee
      in connection with the defense thereof except as otherwise provided below.
      The
      Indemnitee will have the right to employ the Indemnitee's own counsel in such
      Proceeding, but the fees and expenses of such counsel incurred after notice
      from
      the Company of its assumption of such defense will be the expenses of the
      Indemnitee unless (i) the employment of such counsel by the Indemnitee has
      been
      authorized by the Company, (ii) the Indemnitee, upon the advice of counsel,
      shall have reasonably concluded that there may be a conflict of interest between
      the Company and the Indemnitee in the conduct of such defense, or (iii) the
      Company has not in fact employed counsel to assume such defense, in any of
      which
      cases the fees and expenses of such counsel will be the expenses of the Company.
      The Company will not be entitled to assume the defense of any Proceeding brought
      by or on behalf of the Company or as to which the Indemnitee, upon the advice
      of
      counsel, shall have made the conclusion described in (ii), above. In the event
      the Company assumes the defense of any Proceeding as provided in this Section
      5(b), the Company may defend or settle such Proceeding as it deems appropriate;
      provided,
      however,
      the
      Company will not settle any Proceeding in any manner which would impose any
      penalty or limitation on the Indemnitee without the Indemnitee's written
      consent, which consent will not be unreasonably withheld.

     

    (c)  The
      Company will not be required to indemnify the Indemnitee under this Agreement
      for any amounts paid in settlement of any Proceeding without the Company's
      written consent, which consent will not be unreasonably withheld.

     

    (d)  The
      Indemnitee shall cooperate with the Company in all ways reasonably requested
      by
      it in connection with the Company fulfilling its obligations under this
      Agreement.

     

    7.  Enforcement.
      The
      Company expressly confirms that it has entered into this Agreement and has
      assumed the obligations of this Agreement in order to induce the Indemnitee
      to
      serve or continue to serve as an executive officer and a director of the Company
      and acknowledges that the Indemnitee is relying upon this Agreement in
      continuing in such capacities. It is the intent of the Company that the
      Indemnitee not be required to incur the expenses associated with the enforcement
      of the Indemnitee's rights under this Agreement by litigation or other legal
      action because the cost and expense thereof would substantially detract from
      the
      benefits intended to be extended to the Indemnitee hereunder. Accordingly,
      if it
      should appear to the Indemnitee that the Company has failed to comply with
      any
      of its obligations under this Agreement or in the event that the Company or
      any
      other person takes any action to declare this Agreement void or unenforceable,
      or institutes any action, suit or proceeding to deny or to recover from, the
      Indemnitee the benefits intended to be provided to the Indemnitee hereunder,
      the
      Company irrevocably authorizes the Indemnitee from time to time to retain
      counsel of his choice, at the expense of the Company as hereafter provided,
      to
      represent the Indemnitee in connection with the initiation or defense of any
      litigation or other legal action, whether by or against the Company or any
      director, officer, shareholder, or other person affiliated with the Company,
      in
      any jurisdiction. Regardless of the outcome thereof, the Company shall pay
      and
      be solely responsible for any and all costs, charges, and expenses, including
      fees and expenses of attorneys and others, reasonably incurred by the Indemnitee
      pursuant to this Section 6.

     

    8.  Rights
      Not Exclusive; Non-Transferable.

     

    (a)  The
      indemnification provided by this Agreement will not be deemed exclusive of
      any
      other rights to which the Indemnitee may be entitled under the Certificate
      of
      Incorporation, the By-Laws, any insurance policy, any agreement, any vote of
      the
      shareholders or disinterested directors of the Company, the DGCL or applicable
      law (whether by statute or judicial decision) or otherwise, both as to action
      in
      the Indemnitee's official capacity and as to action in another capacity while
      holding such office and will continue after the Indemnitee has ceased to be
      a
      director or an officer, employee or agent of the Company or other entity for
      which the Indemnitee's service gives rise to a right hereunder, and will inure
      to the benefit of the Indemnitee's heirs, executors and
      administrators.

     

    (b)  Except
      as
      provided in Section 7(a) above, the rights to indemnification provided by this
      Agreement are personal to the Indemnitee and are non-transferable by the
      Indemnitee, and no party other than the Indemnitee is entitled to
      indemnification under this Agreement.

     

    9.  Subrogation.
      In the
      event of payment under this Agreement, the Company will be subrogated to the
      extent of such payment to all of the rights of the recovery of the Indemnitee,
      who shall execute all papers required and shall do everything that may be
      necessary to secure such rights, including the execution of such documents
      necessary to enable the Company effectively to bring suit to enforce such
      rights.

     

    10.  No
      Construction as Employment Agreement.
      Nothing
      contained herein will be construed as giving the Indemnitee, if an employee
      of
      the Company or any of its related enterprises, any right to be retained in
      the
      employ of the Company or any of its related enterprises.

     

    11.  Separability.
      Each of
      the provisions of this Agreement is a separate and distinct Agreement and
      independent of the others so that, if any provision of this Agreement shall
      be
      held to be invalid and unenforceable for any reason, such invalidity or
      unenforceability will not affect the validity or enforceability of the other
      provisions of this Agreement.

     

    12.  Modification
      to Applicable Law; Amendments to Certification of Incorporation or
      Bylaws.

     

    (a)  In
      the
      event there is a change, after the date of this Agreement, in any applicable
      law
      (including without limitation the DGCL (whether by statute or judicial
      decision)) which: (i) expands the right of a Delaware corporation to indemnify
      a
      member of its board of directors or an officer, such change will be
      automatically included within the scope of the Indemnitee's rights and Company's
      obligations under this Agreement; or (ii) narrows the right of a Delaware
      corporation to indemnify a member of its board of directors or an officer,
      such
      change, to the extent not otherwise required by such law, will have no effect
      on
      this Agreement or the parties' rights and obligations hereunder.

     

    (b)  No
      amendment to the Certificate of Incorporation or the By-Laws will deny,
      diminish, or encumber the Indemnitee’s rights to indemnity pursuant to the
      Certificate of Incorporation, the By-Laws, the DGCL, or any other applicable
      law
      as applied to any act or failure to act occurring in whole or in part prior
      to
      the date upon which the amendment was approved by the shareholders of the
      Company (the “Effective
      Date”).
      The
      Company shall not adopt any amendment to its Certificate of Incorporation or
      By-Laws or take any other action the effect of which is to deny, diminish,
      or
      encumber the Indemnitee’s rights to indemnity pursuant to the Certificate of
      Incorporation, the By-Laws, the DGCL, or any such other law.

     

    13.  Partial
      Indemnity.
      If the
      Indemnitee is entitled under any provision of this Agreement to indemnity by
      the
      Company for some or a portion of the Losses actually or reasonably incurred
      by
      him or her in the investigation, defense, appeal, or settlement of any
      Proceeding, but not for the total amount thereof, the Company shall nevertheless
      indemnify the Indemnitee for the portion of such Losses to which the Indemnitee
      is entitled. 

     

    14.  Governing
      Law.
      This
      Agreement shall be interpreted and enforced in accordance with the laws of
      the
      State of Delaware, without regard to choice of law principles.

     

    15.  Successors.
      This
      Agreement will be binding upon, inure to the benefit of, and be enforceable
      by
      and against the Company and its successors and assigns (including those referred
      to in the next sentence). The Company shall require any successor or assign
      (whether direct or indirect, by purchase, merger, consolidation, or otherwise)
      to all or substantially all of the business and/or assets of the Company,
      expressly, absolutely, and unconditionally to assume and agree to perform this
      Agreement in the same manner and to the same extent that the Company would
      be
      required to perform it if no such succession or assignment had taken
      place.

     

    16.  Prior
      Agreements.
      This
      Agreement will supersede any other agreements entered into prior to the date
      of
      this Agreement between the Company and the Indemnitee concerning the subject
      matter of this Agreement.

     

    17.  Security.
      To
      ensure that the Company’s obligations pursuant to this Agreement can be enforced
      by the Indemnitee, the Company may, at its option, establish a trust pursuant
      to
      which the Company’s obligations pursuant to this Agreement and other similar
      agreements can be funded.

     

    18.  Notices.
      All
      notices and other communications hereunder shall be in writing and shall be
      personally delivered or sent by recognized overnight courier service (a) if
      to
      the Company, to the then-current principal executive offices of the Company
      (Attention: Chief Financial Officer) or (b) if to the Indemnitee, to the address
      of the Indemnitee set forth on the signature page hereto. Either party may
      change its address for the delivery of notices or other communications hereunder
      by providing notice to the other party as provided in this Section 18. All
      notices will be effective upon actual delivery by the methods specified in
      this
      Section 18.

     

    19.  Modification.
      This
      Agreement and the rights and duties of the Indemnitee and the Company hereunder
      may be modified only by an instrument in writing signed by both parties
      hereto.

     

    20.  Consent
      to Jurisdiction.
      The
      Company and the Indemnitee each hereby irrevocably consents to the jurisdiction
      of the courts of the State of Delaware for all purposes in connection with
      any
      action or proceeding which arises out of or relates to this Agreement and hereby
      waives any objections or defenses relating to jurisdiction with respect to
      any
      lawsuit or other legal proceeding initiated in or transferred to such
      courts.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

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

     

     

    Ventiv
      Health, Inc.

     

     

    BY: 

     

     

    Name:
      

     

     

    Title:
      

     

     

    INDEMNITEE

     

     

     

     

    

     

    

     

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    Exhibit
      1

    

     

    REQUEST
      FOR INDEMNIFICATION

     

    STATE
      OF   )

    ) SS

    COUNTY
      OF   )

     

    I,
      ____________________, being first duly sworn, do depose and say as
      follows:

     

    1. This
      Request for Indemnification is submitted pursuant to the Indemnification
      Agreement, dated _______, 2005 (the “Indemnification
      Agreement”),
      between Ventiv
      Health, Inc.,
      a
      Delaware corporation (the “Company”),
      and
      the undersigned.

     

    2. I
      am
      requesting indemnification against costs, charges, expenses (which may include
      fees and expenses of attorneys and/or others), judgments, fines, and amounts
      paid in settlement (collectively, “Liabilities”),
      which
      have been actually and reasonably incurred by me in connection with a claim
      referred to in Section 1 of the aforesaid Indemnification
      Agreement.

     

    3. With
      respect to all matters related to any such claim, I am entitled to be
      indemnified as herein contemplated pursuant to the aforesaid Indemnification
      Agreement.

     

    4. Without
      limiting any other rights which I have or may have, I am requesting
      indemnification against Liabilities which have or may arise out of                             .

     

    

    [Signature
      of Indemnitee]

     

    Subscribed
      and sworn to before me, a Notary Public in and for said County and State, this
      _____ day of _____________, 20__.

     

    

    

    [Seal]

    

    

    My
      commission expires the _____ day of __________, 20__.

     

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    Exhibit
      2

    

     

    UNDERTAKING
      AND REQUEST FOR PAYMENT

     

    STATE
      OF    )

    ) SS

    COUNTY
      OF    )

     

    I,
      ___________________, being first duly sworn do depose and say as
      follows:

     

    1. This
      Undertaking is submitted pursuant to the Indemnification Agreement, dated
      _______, 2005, between Ventiv
      Health, Inc.,
      a
      Delaware corporation (the “Company”)
      and
      the undersigned (the “Indemnification
      Agreement”).

     

    2. I
      am
      requesting payment of costs, charges, and expenses that I have reasonably
      incurred or will reasonably incur in defending an action, suit or proceeding,
      referred to in Section 1, or pursuant to Section 7, of the aforesaid
      Indemnification Agreement.

     

    3. The
      costs, charges, and expenses for which payment is requested are, in general,
      all
      expenses related to                                   .

     

    4. I
      hereby
      undertake to: (a) repay all amounts paid pursuant hereto if it ultimately is
      determined that I am not entitled to be indemnified by the Company under the
      aforesaid Indemnification Agreement or otherwise; and (b) reasonably
      cooperate with the Company concerning the action, suit, proceeding or
      claim.

     

    

    [Signature
      of Indemnitee]

     

    

     

    Subscribed
      and sworn to before me, a Notary Public in and for said County and State, this
      _____ day of ____________, 20__.

     

    

     

    

    [Seal]

    

    

    My
      commission expires the ____ day of ____________, 20__.Employeement Agreement inChord & R. Blane Walter

    EMPLOYMENT
      AGREEMENT

     

    EMPLOYMENT
      AGREEMENT
      (the
“Agreement”)
      dated
      this 6th day of September, 2005, between inChord Communications, Inc., an Ohio
      corporation with an office at 500 Olde Worthington Road, Westerville,
      Ohio
      43082 (the “Employer”),
      and
      R. Blane Walter, an individual whose current residence is as reflected in the
      Employer's records (the “Executive”).

     

    WHEREAS,
      Ventiv
      Health, Inc. (“Ventiv”),
      Accordion Holding Corporation (“AHC”),
      the
      Employer and the shareholders of the Employer are parties to that certain
      Acquisition Agreement dated as of the date hereof (the “Acquisition
      Agreement”)
      pursuant to which AHC has agreed to acquire all of the outstanding capital
      stock
      of the Employer and the Executive has agreed to certain non-competition
      obligations;

     

    WHEREAS,
      in
      order to induce Ventiv and the Executive to enter into the Acquisition
      Agreement, the parties are entering into this Agreement simultaneously with
      the
      execution of the Acquisition Agreement; and

     

    WHEREAS,
      the
      parties wish to set forth the terms and conditions upon which the Employer
      will
      employ the Executive.

     

    NOW
      THEREFORE,
      in
      consideration of the mutual covenants and promises contained herein, and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged by the parties hereto, the parties agree as follows:

     

    
      	1.  	
              Term
                of Employment; Title; Duties; Authority.

            

    

     

    
      	(a)  	
              The
                Employer hereby employs the Executive, and the Executive hereby accepts
                employment with the Employer, upon the terms set forth in this Agreement,
                effective beginning on the date (the “Effective
                Date”)
                of the Closing (as defined in the Acquisition Agreement) and continuing
                until December 31, 2007 (the “Termination
                Date”).
                The Executive shall serve as the President of the Employer during
                the term
                of his employment under this Agreement with such authority, duties
                and
                responsibilities as are commensurate with such
                position.

            

    

     

    
      	(b)  	
              During
                the term of his employment hereunder, the Executive shall report
                to the
                Chief Executive Officer of Ventiv and to the Board of Directors of
                Ventiv
                (the “Ventiv
                Board”).
                The Executive shall not take or authorize to be taken any material
                action
                on behalf of the Employer outside the ordinary course of the Employer’s
                business consistent with the past practices of the Employer, or that
                involves a material long-term commitment on behalf of the Employer,
                without the prior approval of the Chief Executive Officer of Ventiv.
                Notwithstanding the foregoing, Ventiv will comply with, and Executive
                is
                an intended third-party beneficiary of, Ventiv's obligations under
                Section 4.8 of the Acquisition Agreement during the period
                in which
                the Executive is employed
                hereunder.

            

    

     

    
      	2.  	
              Extent
                of Services.

            

    

     

    
      	(a)  	
              During
                the term of his employment hereunder, the Executive agrees to devote
                his
                entire business time and attention to the performance of his duties
                under
                this Agreement. He shall perform his duties to the best of his ability
                and
                shall use his best efforts to further the interests of the Employer.
                The
                Executive agrees to comply with his obligations under Section 4.8
                of the
                Acquisition Agreement during the period he is employed hereunder.
                The
                Executive shall not, during the term of his employment, unless otherwise
                agreed to in advance in writing by the Employer and the Executive,
                seek or
                accept other employment in any other capacity, or become self-employed
                or
                be required by the Employer to devote any significant time or energy
                on
                projects related to Ventiv or its subsidiaries other than the Employer
                and
                its subsidiaries (other than the devotion of a reasonable amount
                of time
                to Ventiv-level management coordination and review, including
                participation in meetings of division presidents). Notwithstanding
                any
                other provision of this Section 2(a), it shall not constitute a breach
                of
                the Executive’s obligations under this Section 2(a) to (i) serve on
                corporate, civic or charitable boards or committees, subject to Section
                8
                hereof, (ii) deliver lectures or fulfill speaking engagements,
                subject to Section 9 hereof, or (iii) manage personal investments,
                in
                each case so long as such activities do not materially interfere
                with the
                Executive’s performance of his duties to the Employer. It is expressly
                understood and agreed that, to the extent that any such activities
                are
                being conducted by the Executive as of the date of this Agreement,
                the
                continued conduct of such activities (or the conduct of activities
                similar
                in nature and scope thereto) in a substantially similar manner and
                degree
                subsequent to the date of this Agreement shall be deemed not to materially
                interfere with the performance of his duties to the Employer under
                this
                Agreement. The Executive shall not be required to be based at any
                office
                or location outside the greater Columbus, Ohio metropolitan area
                or
                relocate his residence.

            

    

     

    
      	(b)  	
              The
                Executive represents and warrants to the Employer that he is able
                to enter
                into this Agreement and that his ability to enter into this Agreement
                and
                to fully perform his duties hereunder are not limited to or restricted
                by
                any agreements or understandings between the Executive and any other
                person. For the purposes of this Agreement, the term “person” means any
                natural person, corporation, partnership, limited liability partnership,
                limited liability company or any other entity of any
                nature.

            

    

     

    3.  Compensation.

     

    
      	(a)  	
              The
                Employer shall pay the Executive a base salary at an annualized rate
                of
                $387,000, subject to such increases as may be approved by the Executive
                and the Ventiv Board or the Compensation Committee thereof (the
                “Base
                Salary”).
                The Base Salary shall be payable periodically in accordance with
                the
                Employer’s policies for executive personnel, less deductions required by
                law or pursuant to the benefit plans and policies of the Employer
                and its
                affiliates.

            

    

     

    
      	4.  	
              Fringe
                Benefits.

            

    

     

    
      	(a)  	
              The
                Executive shall be entitled to such medical and health benefits as
                shall
                be made available generally to executive employees of Ventiv and
                its
                subsidiaries.

            

    

     

    
      	(b)  	
              The
                Executive shall be entitled to four weeks of vacation during each
                year of
                employment, to be prorated monthly for partial years. Such vacation
                shall
                be taken at such time or times consistent with the needs of the business
                of the Employer. The Executive shall be entitled to sick leave and
                holidays in accordance with the policies of the
                Employer.

            

    

     

    
      	(c)  	
              Until
                the Termination Date, for so long as the Executive is an officer
                or
                director of the Employer, Ventiv or any of their respective subsidiaries,
                Ventiv shall provide, at its expense, director’s and officer’s insurance
                and indemnity coverage covering the Executive, in each case on the
                same
                terms as it provides to other officers and directors of Ventiv or
                its
                subsidiaries.

            

    

     

    
      	5.  	
              Reimbursement
                of Business Expenses.

            

    

     

    The
      Employer shall reimburse the Executive in accordance with Employer’s policies
      for all reasonable out-of-pocket costs incurred or paid by the Executive in
      connection with, or related to, the performance of his duties, responsibilities
      or services under this Agreement, upon presentation by the Executive of
      documentation, expense statements, vouchers and/or such other supporting
      information as the Employer may reasonably request.

     

    
      	6.  	
              Death
                During Employment; Disability.

            

    

     

    If
      the
      Executive dies during the term of his employment or becomes disabled, the
      Employer shall pay to the Executive or his estate the compensation that would
      otherwise be payable to the Executive up to the date of death or disability.
      The
      Executive’s employment shall terminate upon the occurrence of such disability.
      Such termination shall not be deemed to be a termination by the Employer for
      purposes of Section 7. For purposes of this Agreement, “disabled” means
      suffering a physical or mental incapacity as a result of which the Executive
      becomes unable to continue to perform fully his duties, with “reasonable
      accommodation,” as defined in the Americans with Disabilities Act and applicable
      state laws, hereunder for 60 business days in any 12-month period.

     

    
      	7.  	
              Termination;
                Right to Retain Employees.

            

    

     

    
      	(a)  	
              Prior
                to the Termination Date, the Executive’s employment may be terminated by
                the Employer only (i) for cause, (ii) in the event the Employer fails
                to
                achieve the performance measures specified on Schedule I to this
                Agreement
                or (iii) in accordance with the provisions of clause (c)(vi) of Section
                4.8 of the Acquisition Agreement. 

            

    

     

    
      	(b)  	
              [reserved]

            

    

     

    
      	(c)  	
              For
                the purposes of this Agreement, “cause” shall mean any of the following:
                (i) a material breach by the Executive of this Agreement,
                including
                without limitation the provisions of Section 8 or 9 hereof, or Section
                4.8
                of the Acquisition Agreement which, to the extent susceptible of
                cure, is
                not cured within ten business days after written notice (or any shorter
                notice period reasonably necessary to avoid material harm to the
                Employer
                or Ventiv) that identifies with reasonable specificity the manner
                in which
                the Employer believes the Executive has breached, (ii) the Executive
                willfully engaging in misconduct which is materially injurious to
                the
                Employer or any of its Affiliates (including Ventiv), (iii) the
                Executive’s willful gross neglect of his duties for which he is employed
                or refusal or failure to follow the lawful directives of the Chief
                Executive Officer of Ventiv in any material respect (to the extent
                such
                directives are consistent with Section 4.8 of the Acquisition Agreement),
                in either case which, to the extent susceptible of cure, is not cured
                within ten business days after written notice thereof (or any shorter
                notice period reasonably necessary to avoid material harm to the
                Employer
                or Ventiv) that identifies with reasonable specificity the willful
                gross
                neglect or failure to follow directives, (iv) the Executive’s conviction
                of a felony or any misdemeanor involving dishonesty, fraud or moral
                turpitude or the entry of a guilty or nolo contendere plea with respect
                thereto or (v) any purported resignation by the Executive other than
                as
                expressly permitted by this Agreement. For purposes of this Section
                7(c),
                no act or failure to act on the part of the Executive shall be considered
                “willful” unless it is done, or omitted to be done, by the Executive in
                bad faith or without reasonable belief that the Executive’s act or
                omission was in the best interests of the Employer. Any act, or failure
                to
                act, based upon express authority given pursuant to the written direction
                of the Chief Executive Officer of Ventiv or the Ventiv Board with
                respect
                to such act or omission shall be presumed to be done, or omitted
                to be
                done, by the Executive in good faith and in the best interests of
                the
                Employer. The termination of the Executive’s employment for cause shall
                not be deemed to be effective unless and until Ventiv’s Chief Executive
                Officer finds (after reasonable notice, specifying the particulars
                thereof
                in reasonable detail, is provided to the Executive and the Executive
                is
                given an opportunity, together with counsel, to be heard before such
                person), that, in the good faith opinion of such person, the Executive
                is
                guilty of the conduct described in subparagraph (i), (ii), (iii),
                (iv) or
                (v) above.

            

    

     

    
      	(d)  	
              The
                Executive may terminate his employment prior to the Termination Date
                for
                Good Reason. For purposes of this Agreement, "Good Reason" shall
                mean (i)
                the assignment to the Executive of any duties materially inconsistent
                with
                the Executive's position as President (including status, offices,
                titles
                and reporting requirements), authority, duties or responsibilities,
                or any
                other action by the Employer which results in a material diminution
                in
                such position, authority, duties or responsibilities, excluding for
                this
                purpose any action not taken in bad faith and which is remedied by
                the
                Employer within ten business days after receipt of written notice
                thereof
                given by the Executive that identifies with reasonable specificity
                the
                manner in which the Executive believes the Employer has violated
                this
                clause, (ii) any material breach of this Agreement or Section 4.8
                of
                the Acquisition Agreement by the Employer or Ventiv that is not remedied
                by the Employer or Ventiv within ten business days after written
                notice to
                the Employer that identifies with reasonable specificity the manner
                in
                which the Executive believes Ventiv or the Employer has breached
                this
                Agreement or Section 4.8 of the Acquisition Agreement, (iii) any
                purported termination by the Employer of the Executive's employment
                otherwise than as expressly permitted by this Agreement or (iv) any
                failure by the Employer to comply with and satisfy Section 13(g)
                of this
                Agreement which is not remedied within ten business days after the
                closing
                of the transaction contemplated by subparagraph (ii) of Section 13(g).
                The
                termination of the Executive’s employment for Good Reason shall not be
                deemed to be effective unless and until the Executive finds (after
                reasonable notice, specifying the particulars thereof in reasonable
                detail, is provided to the Chief Executive Officer of Ventiv and
                the Chief
                Executive Officer of Ventiv is given an opportunity, together with
                counsel, to be heard before the Executive), that, in the good faith
                opinion of the Executive, Ventiv or the Employer has done or failed
                to do
                any act described in clauses (i) through (iv) of this Section
                3(d).

            

    

     

    
      	(e)  	
              The
                Executive may terminate his employment prior to the Termination Date
                other
                than for Good Reason, provided that prior to any voluntary resignation
                pursuant to this Section 7(e), the Executive shall provide not less
                than
                six months’ prior written notice thereof to the Chief Executive Officer of
                Ventiv (or such lesser period as shall remain prior to the Termination
                Date, but in no event less than 90 days (even if such 90-day period
                ends
                after the Termination Date)). 

            

    

     

    
      	8.  	
              Non-Solicitation
                and Non-Competition.

            

    

     

    
      	(a)  	
              The
                Executive acknowledges and agrees to be bound by the provisions of
                Section
                4.2 of the Acquisition Agreement, which are incorporated by reference
                herein, except that solely for this purpose, “Restricted
                Business”
                will mean any business conducted by (A) the Company as of the Closing
                Date
                (as defined in the Acquisition Agreement) or prior to the Termination
                Date
                while the Executive continues to serve as the President of the Employer
                or
                (B) any Ventiv Entity as of the Closing Date. The duration of the
                covenants contained in said section 4.2, as incorporated herein,
                will be
                unaffected by any termination of the Executive’s employment (regardless of
                the reason therefor) prior the expiration of the Noncompetition Period
                (as
                defined in the Acquisition
                Agreement).

            

    

     

    
      	(b)  	
              For
                purposes of Sections 8 and 9 of this Agreement, the “Ventiv Entities”
                shall be deemed to refer to Ventiv and each of its subsidiaries,
                including
                without limitation the Employer and each of its
                subsidiaries.

            

    

     

    
      	9.  	
              Confidential
                Information.

            

    

     

    
      	(a)  	
              During
                the Executive's employment under this Agreement and for a period
                equal to
                the later of one year after termination hereof and the expiration
                of any
                non-competition or non-solicitation covenants to which the Executive
                shall
                be bound under this Agreement or the Acquisition Agreement, the Executive
                shall hold in strict confidence, and shall not use other than in
                the
                conduct of the business of any Ventiv Entity (including the Employer),
                all
                information concerning the businesses and affairs of the Ventiv Entities.
                Notwithstanding the foregoing, (i) the Executive may disclose such
                information (A) if the same currently is in the public domain or
                hereafter
                is in the public domain other than as a result of a breach of this
                Section
                9(a) by the Executive or (B) if the same is later acquired by the
                Executive from another source and the Executive did not know that
                such
                source was under a contractual, legal or fiduciary obligation to
                another
                person to keep such information confidential and (ii) the Executive
                may
                disclose such of the foregoing information as is required by law
                (including by oral questions, interrogatories, requests for information
                or
                documents in legal proceedings, subpoena, civil investigative demand,
                rule
                of civil procedure or other similar process), or in connection with
                his
                preparation of tax returns or in response to tax audits or similar
                proceedings, so long as (x) the Executive provides the Employer with
                prompt written notice of any disclosure (unless such information
                is
                disclosed solely by virtue of including such information in a tax
                return)
                so that the Employer may seek a protective order or other appropriate
                remedy or (y) with respect to any disclosure in connection with his
                preparation of tax returns or in response to non-public tax audit
                proceedings, such disclosure is made on a confidential
                basis.

            

    

     

    
      	(b)  	
              Upon
                the effective date of notice of the Executive’s or the Employer’s election
                to terminate the Executive’s employment with the Employer or upon any
                termination pursuant to Section 6, or at any time upon the request
                of any
                Ventiv Entity, the Executive (or his heirs or personal representatives)
                shall deliver to the Employer or any other applicable Ventiv Entity
                all
                documents and materials containing confidential information as described
                herein and all documents, materials and other property belonging
                to the
                Employer or such Ventiv Entity, which in either case are in the possession
                or under the control of the Executive (or his heirs or personal
                representatives).

            

    

     

    
      	(c)  	
              All
                discoveries and works made or conceived by the Executive during and
                in the
                course of his employment by the Employer, jointly or with others,
                that
                relate to the Employer’s activities shall be owned and assignable by the
                Employer. The terms “discoveries and works” include, by way of example,
                inventions, computer programs (including documentation of such programs),
                technical improvements, processes, drawings and works of authorship
                (excluding solely works intended for publication and public dissemination
                in an individual capacity) that relate to the Employer's business
                or the
                business, operations or activities of any customer or client of the
                Employer. The Executive shall promptly notify and make full disclosure
                to,
                and execute and deliver any documents requested by, the Employer
                to
                evidence or better assure title to such discoveries and works by
                the
                Employer, assist the Employer in obtaining or maintaining, at the
                Employer’s expense, United States and foreign patents, copyrights, trade
                secret protection and other protection of any and all such discoveries
                and
                works, and promptly execute, whether during his employment or thereafter,
                all applications or other endorsements necessary or appropriate to
                maintain patents and other rights for the Employer or its assignees
                and to
                protect its title thereto. Any discoveries and works which, within
                six
                months after the termination of the Executive’s employment hereunder, are
                made, disclosed, reduced to a tangible or written form or description,
                or
                are reduced to practice by the Executive and which pertain to work
                performed by the Executive while with, and in his capacity as an
                employee
                of, the Employer shall, as between the Executive and the Employer,
                be
                presumed to have been made during the Executive’s employment by the
                Employer.

            

    

     

    
      	10.  	
              Enforcement.

            

    

     

    The
      parties to this Agreement mutually agree that, in recognition of the dependence
      of the Employer and Ventiv on Executive’s experience to carry out their
      respective business plans and Executive’s senior and key position in the
      Employer and Ventiv, the restrictions detailed in Sections 8 and 9 of this
      Agreement are necessary and appropriate to give effect to the intended
      relationships of the parties. The Executive agrees that because damages arising
      from violations of Sections 8 and 9 of this Agreement are extremely difficult
      to
      quantify with certainty, injunctive relief may be necessary to effect the intent
      of such Sections. Accordingly, Executive hereby consents to the imposition
      of a
      preliminary or permanent injunction as a remedy to his breach of Sections 8
      and
      9 of this Agreement (without any requirement that the Employer post a
      bond).

     

    It
      is the
      desire and intent of the parties hereto that the restrictions set forth in
      Sections 8 and 9 of this Agreement shall be enforced and adhered to in every
      particular, and in the event that any provision, clause or phrase shall be
      declared by a court of competent jurisdiction to be judicially unenforceable
      either in whole or in part - whether the fault be in duration, geographic
      coverage or scope of activities precluded - the parties agree that the
      provisions of Sections 8 and 9 of the Agreement should be interpreted and
      enforced to the maximum extent that such court deems reasonable.

     

    
      	11.  	
              Property
                of Employer.

            

    

     

    The
      Executive acknowledges that from time to time in the course of providing
      services pursuant to this Agreement, he shall have the opportunity to inspect
      and use certain property, both tangible and intangible, of the Employer, and
      the
      Executive hereby agrees that such property shall remain the exclusive property
      of the Employer and the Executive shall have no right or proprietary interest
      in
      such property, whether tangible or intangible including, without limitation,
      the
      customer and supplier lists, contract forms, books of account, computer programs
      and similar property of Employer.

     

    12.  Indemnification.
      

     

    The
      Employer shall indemnify the Executive to the fullest extent permitted under
      subsections (1) through (5) of Section 1701.13(E) of the Ohio General
      Corporation Law (but without limitation of subsection (4) thereof) with respect
      to the matters described in subsections (1) and (2) of such Section, subject
      to
      the requirements of subsection (4) of such Section, provided that the Executive
      meets the applicable standards of care set forth in said subsections (1) and
      (2). In the event that there is a change, after the date hereof, in the Ohio
      General Corporation Law that (a) expands the right of an Ohio corporation to
      indemnify a member of its board of directors or an officer under such
      subsections (1) through (5), such change will automatically be included within
      the scope of the Executive's rights and the Employer's obligations under this
      Section 12 or (b) narrows the right of an Ohio corporation to indemnify a member
      of its board of directors or an officer under such subsections (1) through
      (5),
      such change, to the extent not otherwise required by such law, will have no
      effect on this Section 12 or the parties rights and obligations hereunder.
      If
      Parent enters into indemnification agreements with any of its other executive
      officers, the Executive will be provided with contractual indemnification on
      substantially the same terms as are provided to such other executive officers
      of
      Parent. The indemnification authorized by this Section 12 shall not be exclusive
      of, and shall be in addition to, any other rights granted to the Executive
      under
      the Employer's articles or regulations (it being understood that the amendment
      of the Employer's articles or regulations shall not be a breach hereof), any
      other agreement or otherwise, both as to action in his official capacity as
      an
      employee of the Employer or an executive officer of Parent and as to action
      in
      another capacity while holding his positions, and shall continue whether the
      Executive has ceased to be a director, officer, employee or other representative
      and shall inure to the benefit of his heirs, executors and administrators.
      

    

    
      	13.  	
              Miscellaneous.

            

    

     

    
      	(a)  	
              All
                notices required or permitted under this Agreement shall be given
                as
                provide in the Acquisition Agreement, addressed to the other party
                at the
                address provided therein (with respect to the Employer) or herein
                (with
                respect to the Executive), or at such other address or addresses
                as either
                party shall designate to the other in writing from time to
                time.

            

    

     

    
      	(b)  	
              Whenever
                the context may require, any pronouns used in this Agreement shall
                include
                the corresponding masculine, feminine or neuter forms, and the singular
                forms of nouns and pronouns shall include the plural, and vice
                versa.

            

    

     

    
      	(c)  	
              This
                Agreement constitutes the entire agreement between the parties and
                supersedes all prior agreements and understandings, whether written
                or
                oral, relating to the subject matter of this Agreement (including
                any
                existing employment agreement between the Employer and Executive,
                which
                existing employment agreement shall be deemed to be of no further
                force or
                effect upon the Effective Date). Except as specifically set forth
                in
                Section 8 of this Agreement and Section 4.2 of the
                Acquisition
                Agreement, the Executive will have no other obligation to the Employer,
                Ventiv or any of their respective subsidiaries with respect specifically
                to non-competition or non-solicitation pursuant to common law principles,
                fiduciary duties or any agreement to which the Executive becomes
                a party
                (unless such agreement specifically refers to and amends Section
                8 of this
                Agreement or Section 4.2 of the Acquisition Agreement) or any code
                of
                conduct or policy of the Employer, Ventiv or any of their respective
                subsidiaries in effect from time to
                time.

            

    

     

    
      	(d)  	
              This
                Agreement may be amended or modified only by a written instrument
                executed
                by both the Employer and the
                Executive.

            

    

     

    
      	(e)  	
              This
                Agreement shall be construed, interpreted and enforced in accordance
                with
                the laws of the State of Ohio, without regard to its conflict of
                laws
                principles.

            

    

     

    
      	(f)  	
              Any
                controversy or claim arising out of or relating to this Agreement
                or the
                employment relationship between the Executive and the Employer shall
                be
                submitted to arbitration under the auspices of the American Arbitration
                Association in accordance with its Commercial Dispute Resolution
                Procedures and Rules and at its office in Wilmington, Delaware. The
                award
                of the arbitrator shall be final and binding upon the parties, and
                judgment may be entered with respect to such award in any court of
                competent jurisdiction. Notwithstanding the foregoing, any controversy
                or
                claim arising out of or relating to any claim by the Employer for
                temporary or preliminary relief with respect to Section 8 or 9 of
                this
                Agreement need not be resolved in arbitration and may be resolved
                in
                accordance with Section 10. The Executive acknowledges that this
                agreement
                to submit to arbitration includes all controversies or claims of
                any kind
                (e.g., whether in contract or in tort, statutory or common law, legal
                or
                equitable) now existing or hereafter arising under any federal, state,
                local or foreign law, including, but not limited to, the Age
                Discrimination in Employment Act, Title VII of the Civil Rights Act
                of
                1964, the Civil Rights Act of 1866, the Family and Medical Leave
                Act, the
                Employee Retirement Income Security Act, and the Americans With
                Disabilities Act, and all similar state laws, and the Executive hereby
                waives all rights there under to have a judicial tribunal resolve
                such
                claims. In the event of any arbitral or legal proceeding between
                the
                parties hereto with respect to the subject matter of this Agreement,
                the
                party substantially prevailing in any such proceeding shall be entitled
                to
                an award from the other party of all legal fees and expenses reasonably
                incurred in connection with such proceeding. Ventiv, the Employer
                and the
                Executive hereby agree that any such payments shall be excluded from,
                and
                have no effect on, any calculation of EBIT under this Agreement and
                the
                Acquisition Agreement.

            

    

     

    
      	(g)  	
              This
                Agreement shall be binding upon and inure to the benefit of both
                parties
                and their respective successors and assigns; provided, however, that
                (i)
                the obligations of the Executive are personal and shall not be assigned
                or
                delegated by the Executive and (ii) each of Ventiv and the Employer
                will
                require any successor (whether direct or indirect, by purchase, merger,
                consolidation or otherwise) to all or substantially all of its business
                and/or assets to assume expressly and agree to perform this Agreement
                in
                the same manner and to the same extent that Ventiv or the Employer,
                as the
                case may be, would be required to perform it if no such succession
                had
                taken place. 

            

    

     

    
      	(h)  	
              No
                delays or omission by the Employer or the Executive in exercising
                any
                right under this Agreement shall operate as a waiver of that or any
                other
                right. A waiver or consent given by the Employer or the Executive
                on any
                one occasion shall be effective only in that instance and shall not
                be
                construed as a bar or waiver of any right on any other
                occasion.

            

    

     

    
      	(i)  	
              The
                captions appearing in this Agreement are for convenience of reference
                only
                and in no way define, limit or affect the scope or substance of any
                section of this Agreement.

            

    

     

    
      	(j)  	
              In
                case any provision of this Agreement shall be held by a court with
                jurisdiction over the parties to this Agreement to be invalid, illegal
                or
                otherwise unenforceable, the validity, legality and enforceability
                of the
                remaining provisions shall in no way be affected or impaired
                thereby.

            

    

     

    
      	(k)  	
              Ventiv
                is an intended third party beneficiary hereof and shall be entitled
                to
                enforce the obligations of the Executive hereunder for the benefit
                of
                itself and each other Ventiv Entity.

            

    

     

    
      	(l)  	
              This
                Agreement shall terminate automatically if the Acquisition Agreement
                is
                terminated prior to the closing
                thereunder.

            

    

     

    [Signature
      Page Follows]

     

    
      
        
          NYI-2215571v12 

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    [EMPLOYMENT
      AGREEMENT SIGNATURE PAGE]

     

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

     

     

    INCHORD
      COMMUNICATIONS, INC.

     

    By:
      /s/
      William F. O’Donnell

    Name:
      William F. O’Donnell

    Title:
      Chief Financial Officer 

    

     

    /s/
      R.
      Blane Walter

     

     

    Name:
      R.
      Blane Walter

     

    Ventiv
      hereby guarantees the due and punctual payment and performance of all of the
      Employer’s obligations hereunder and undertakes to abide by the provisions of
      Section 12.

     

     

    VENTIV
      HEALTH, INC.

     

    By:
      /s/
      Eran Broshy 

    Name:
      Eran Broshy

    Title:
      Chief Executive Officer

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