Document:

Unassociated Document

    Exhibit
10.44

    PUGET
ENERGY, INC.

    PUGET
SOUND ENERGY, INC.

    

    THIRD
AMENDMENT TO AGREEMENT

    

    THIRD
AMENDMENT TO AGREEMENT (this “Amendment”), effective as of February 28, 2008,
amends the agreement (the “Agreement”), dated as of January 1, 2002 and amended
as of May 12, 2005 and February 9, 2006, between Puget Sound Energy, Inc.
(“PSE”) and Puget Energy, Inc. (“Puget Energy”), both Washington corporations
(PSE and Puget Energy, collectively, the “Company”), and Stephen P. Reynolds
(“Executive”).

     

    WHEREAS,
previously the Company and Executive entered into the First Amendment to
Agreement, effective as of May 12, 2005 (the “First Amendment”), which provided
certain special retention arrangements, including accelerated vesting of certain
awards, for the Executive with certain conditions contingent on the date of the
2008 Annual Shareholders Meeting; and

     

    WHEREAS,
because of the pending merger of Puget Energy pursuant to that certain Agreement
and Plan of Merger, dated October 25, 2007 (the “Merger”), Puget Energy does not
intend to hold the 2008 Annual Shareholders Meeting if the Merger is completed
as expected in the fourth quarter of 2008; and

    

    WHEREAS,
in light of these changed circumstances, the Compensation and Leadership
Development Committees of the Company (the “Committees”) desire to clarify their
original intent that all such awards vest and/or forfeiture restrictions lapse
as of a fixed date that is on or about the date on which the 2008 Annual
Shareholders Meeting would have been held but for the changed circumstances due
to the Merger; and

    

    WHEREAS,
the Committees have approved a fixed date of May 6, 2008 for such vesting and/or
lapse of forfeiture restrictions on such awards;

     

    NOW,
THEREFORE, in consideration of the premises and mutual covenants contained
herein, and for other good and valuable consideration, the Company and Executive
agree as follows:

    

    
      	
              1.

            	
              AMENDMENTS.
      All references in the First Amendment to “the 2008 Annual Shareholders
      Meeting” are hereby amended and replaced with “May 6,
    2008.”

            

    

    

    
      	
              2.

            	
              EFFECTIVENESS.
      Except as expressly modified by this Amendment, all provisions of the
      Agreement, as amended, the Stock Options, the Restricted Stock Award and
      the Restricted Stock Unit Award shall continue in full force and effect.
      This Amendment shall be effective as of the date first set forth
      above.

            

    

    

    
      	
              3.

            	
              CONFLICTS.
      In the event of any conflict between the terms of this Amendment and the
      provisions of the Agreement, as amended, the Stock Options, the Restricted
      Stock Award, the Restricted Stock Unit Award or any other plan, program,
      policy, contract, arrangement or agreement between Executive and the
      Company, the terms of this Amendment will be
  controlling.

            

    

    

    
      	
              4.

            	
              COUNTERPARTS.
      This Amendment may be executed in counterparts, each of which shall be
      deemed to be an original.

            

    

    

    

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

     

    PUGET
SOUND ENERGY, INC.

     

    By: /s/ Stephen E
Frank

    Stephen
E. Frank

       
Title: Chair, Compensation and Leadership

       
Development Committee, Puget Sound Energy, Inc. Board of Directors

     

    

     

    PUGET
ENERGY, INC.

     

    By: /s/ Stephen E
Frank

                 Stephen
E. Frank

    Title:
Chair, Compensation and Leadership

    Development
Committee, Puget Energy, Inc. Board of Directors

     

    

     

    EXECUTIVE

     

    By: /s/ Stephen P
Reynolds

       Stephen
P. Reynoldsarpamend.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
10.25

    

    SECOND
AMENDED AND RESTATED

    INVENTIV
COMMUNICATIONS, INC.

    ACQUISITION-RELATED
INCENTIVE PLAN

    

         The
inVenitv Communications, Inc. Second Amended and Restated Acquisition-Related
Incentive Plan, formerly known as the inChord Communications, Inc. Special Bonus
Plan (the “Original Plan”), is hereby amended and restated in its entirety,
effective December 31, 2007, to read in full as follows:

    

    

    
      	
              1.  

            	
              Purpose.  The purpose
      of the inVentiv Communications, Inc. (the "Company")
      Acquisition-Related Incentive Plan (this "Plan") is to
      promote the profitable growth of the Company
by:

            

    

     

    
      	
              (a)  

            	
              aligning
      the interests of the Company's shareholders and senior management team;
      and

            

    

     

    
      	
              (b)  

            	
              providing
      a special cash bonus opportunity measured by the future growth in the
      earnings before interest and taxes ("EBIT") of the
      Company.

            

    

     

    
      	
              2.  

            	
              Effectiveness.  This Plan
      was approved by the Company's Board of Directors (the "Board") and
      will become operative immediately upon, and the Plan's effectiveness will
      be contingent upon, the closing (the "Effective
      Date") of a sale of all or substantially all of the capital stock
      or the assets and business of the Company to a third party strategic
      acquirer (the “Purchaser”) for
      consideration paid at closing of not less than $[***] on or prior to
      September 1, 2006 (a "Sale
      Transaction").

            

    

     

    
      	
              3.  

            	
              Administration.  The
      responsibility to execute the provisions of this Plan is irrevocably
      delegated to the President of the Company as of the Effective Date (the
      "Plan
      Representative"), who is not a beneficiary
      hereunder.  Absent manifest error, all determinations and
      decisions made by the Plan Representative will be final, conclusive and
      binding on all persons, including without limitation the Company, the
      Participants and their respective
successors.

            

    

     

    
      	
              4.  

            	
              Participants.  Individual
      management employees of the Company identified by the Plan Representative
      (each, a "Participant")
      will be eligible to receive payments under this Plan, subject to Section 2
      and the due execution and delivery by such Participant and the Company of
      an agreement in the form attached hereto as Annex A (the
      "Plan Joinder
      Agreement").  All awards under the Plan will be granted
      and all Plan Joinder Agreements will be executed and delivered to the
      Company on the same date.

            

    

     

    
      	
              5.  

            	
              Incentive
      Pool Amount.  Awards
      under this Plan will be earned based on
[***]

            

    

     

    

    the
purpose of determining whether the Incentive Pool is funded will be made by the
Plan Representative in his sole discretion in a manner consistent with and
governed by the computation of such amounts under the operative agreements
entered into by the Company in connection with any Sale Transaction and will be
conclusive for purposes of the calculations made pursuant to this
Plan.

     

    
      	
              6.  

            	
              Individual
      Awards.  Each
      Participant will be entitled to
      be paid [***]

            

    

     

    Neither
the Company nor the Purchaser, nor any officer, director or other representative
thereof, makes any guarantee or representation to the Participants that any
Final Award Amount will be realized.  If a Participant engages in
Triggering Conduct (as defined below) prior to December 31, 2007, the Incentive
Pool will be reduced by the amount of such Participant's Final Award Amount that
is forfeited pursuant to Section 10 but the Final Award Amounts of other
Participants will continue to be calculated as provided above without giving
effect to such reduction.

     

    
      	
              7.  

            	
              Award
      Payments.

            

    

     

    
      	
              (a)  

            	
              Within
      15 days after the [***] (the "Determination
      Date"), the Final Award Amounts will be paid in cash, except that
      (i) up to 50% (the "Stock Cap
      Portion") of each Final Award Amount may, if the Purchaer’s common
      stock is traded on the New York Stock Exchange, the American Stock
      Exchange, The Nasdaq Stock Market or another securities exchange or
      interdealer quotation system, to the extent determined by the Purchaser in
      its sole discretion, be satisfied by the delivery to the applicable
      Participant of unregistered shares of common stock of the Purchaser (such
      shares, or shares received pursuant to Section 7(b), "Award Shares")
      having a Fair Market Value, determined as of the Determination Date, equal
      to such portion of the applicable Final Award Amount and (ii) subject to
      paragraphs (b) and (c) below, in no event will the Company be permitted to
      elect to satisfy a portion of any Final Award Amount with Award Shares if
      (the Company or the Purchaser (or, if applicable, the issuer of the Listed
      Equity Securities) has not taken all required measures with respect to the
      issuance thereof under applicable law or the rules or regulations of any
      exchange on which the common stock of the Purchaser (or, if applicable,
      the Listed Equity Securities) is then listed upon expiration of the
      restriction period specified in Section 7(c)
      below.  Notwithstanding the foregoing, at the election of the
      Company, the amount of any award payable under the Plan that exceeds the
      amount that would have been payable under the Original Plan shall be
      payable, on the date or dates determined by the Company but in any event
      prior to January 31, 2009, in cash or up to 50% in Award Shares having a
      Fair Market Value determined as of the date of payment of such excess
      amount. .

            

    

     

    
      	
              (b)  

            	
              In
      the event of a merger, consolidation, recapitalization or other
      transaction to which the Purchaser is a party prior to the Determination
      Date and as a result of which outstanding shares of the Purchaser’s common
      stock are converted into the right to receive, in whole or in part, Listed
      Equity Securities (a "Conversion
      Transaction"), in lieu of the right of the Purchaser (whether or
      not then exercisable) to satisfy a portion of the Final Award Amounts by
      the delivery of common stock of the Purchaser pursuant to Section 7(a), up
      to the Stock Cap Portion of each Final Award Amount may be satisfied by
      the delivery to the applicable Participant of Listed Equity Securities of
      the issuer of the equity securities received by holders of common stock of
      the Purchaser in such Conversion Transaction having a Fair Market Value,
      determined as of the Determination Date, equal to such portion of such
      Final Award Amount.  In the event that, in any such Conversion
      Transaction, outstanding shares of common stock of the Purchaser are
      converted into the right to receive equity securities that are not Listed
      Equity Securities (or are converted into the right to receive a
      combination of such equity securities and cash), then, unless such equity
      securities become Listed Equity Securities prior to the Determination
      Date, any Final Award Amounts will be required to be satisfied entirely in
      cash.  In the event of a merger, consolidation, recapitalization
      or other transaction prior to the Determination Date as a result of which
      outstanding shares of common stock of the Purchaser are converted into the
      right to receive only cash, any Final Award Amounts will be required to be
      satisfied entirely in cash.

            

    

     

    
      	
              (c)  

            	
              No
      Participant will sell, pledge, hedge or otherwise transfer any economic
      interest in any Award Shares prior to the first anniversary of the
      Determination Date.

            

    

     

    
      	
              (d)  

            	
              Awards
      granted under this Plan will not be included in earnings for the purpose
      of calculating 401(k) plan benefits or for purposes of any other employee
      benefit plans.

            

    

     

    
      	
              8.  

            	
              Vesting.  Neither the
      termination of a Participant's employment with the Company or any
      Affiliate of the Company nor, subject to Sections 2 and 10, any other
      event will have any effect on such Participant's right to receive his or
      her Final Award Amount hereunder.

            

    

     

    
      	
              9.  

            	
              Noncompetition,
      Nonsolicitation, Confidentiality and Assignment of Inventions.  By
      executing the Plan Joinder Agreement, each Participant agrees to the
      following:

            

    

     

    
      	
              (a)  

            	
              During
      the period of his or her employment (the “Employment Period”) with the
      Company or any other Company Entity (as defined below) (the "Employing
      Entity") and for a period of two years following termination of
      such employment for any reason, whether by his or her action or otherwise
      (the "Non-Competition
      Period"), such Participant will not, and he or she will cause his
      or her controlled Affiliates (as defined below) not to, be engaged
      anywhere in the world, directly or indirectly in any capacity whatsoever,
      including as an employee, officer, director or consultant, in the conduct
      of, or own any equity interest in, any business (regardless of form) that
      is competitive (other than in an immaterial way) with any business
      conducted by any Company Entity at any time during the Employment Period
      or any improvements or extensions thereof contemplated at any time during
      the Employment Period, including without limitation advertising, marketing
      and communications services on behalf of health care clients  (a
      "Restricted
      Business"), provided that nothing herein will prohibit (i) such
      Participant, in the aggregate together with all controlled Affiliates of
      such Participant, from passive ownership of up to 5% of the outstanding
      capital stock of any publicly traded company with respect to which such
      Participant is not engaged in the management or the direct or indirect
      provision of services in any capacity or (ii) such Participant from
      accepting employment with a Person who operates a diversified business,
      such as (without limitation) a fully-integrated pharmaceutical company,
      that may include a Restricted Business or Restricted Business operations
      (other than during any period that such Participant may be employed by the
      Company or any other Company Entity) so long as the Participant does not
      engage in the management of or the direct or indirect provision of such
      services in any capacity whatsoever with respect to the Restricted
      Business or Restricted Business
operations.

            

    

     

    
      	
              (b)  

            	
              During
      the Non-Competition Period, the Participant will not, and will cause his
      or her controlled Affiliates not to, directly or indirectly, induce or
      solicit, or aid or assist any Person to induce or solicit, any employees,
      independent contractors providing advertising or other operational
      services or customers of any Company Entity to terminate, curtail or
      otherwise limit their employment by or business relationship with any
      Company Entity; provided, however, that
      no Participant or other Person will be prohibited from hiring any such
      employee who (i) responds to a general solicitation of employment not
      specifically directed towards any Company Entity or particular employees
      of any Company Entity or (ii) has terminated employment with the Company
      Entities at least 12 months prior to such
  solicitation.

            

    

     

    
      	
              (c)  

            	
              During
      the Non-Competition Period, he or she will not and will cause his or her
      controlled Affiliates not to (for his, her or its own benefit or the
      benefit of any person or entity other than the Company Entities) use or
      disclose any trade secrets or other confidential information of any
      Company Entity or those of any customer or client of any Company Entity
      other than as required in the course of performing his or her employment
      responsibilities.  The term "trade secrets or other
      confidential information" includes, by way of example, matters of a
      business nature, such as proprietary information about costs, profits,
      markets, sales, lists of customers and other information of a similar
      nature and matters of a technical nature, "know-how," computer programs
      (including documentation of such programs) and research projects,
      including such materials constituting plans for future
      development.  Notwithstanding the foregoing, (i) he or she 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(c) by such Participant or (B) if the same is
      later acquired by such Participant from another source and such
      Participant did not know that such source was under a contractual, legal
      or fiduciary obligation to another person to keep such information
      confidential and (ii) such Participant 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) such Participant provides the applicable Company Entity 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
      such Company Entity may seek a protective order or other appropriate
      remedy or (y) with respect to any disclosure in connection with his or her
      preparation of tax returns or in response to tax audits or similar
      non-public proceedings, such disclosure is made on a confidential
      basis.  Upon the effective date of any termination of such
      Participant's employment with the Employing Entity (whether by such
      Participant, the Employing Entity or by reason of death or disability), or
      at any time upon the request of the Employing Entity, he or she (or his or
      her heirs or personal representatives) will deliver to the Employing
      Entity all documents and materials containing trade secrets or other
      confidential information as described herein and all documents, materials
      and other property belonging to the Employing Entity or any other Company
      Entity which are in the possession or under the control of such
      Participant (or his or her heirs or personal
    representatives).

            

    

     

    
      	
              (d)  

            	
              All
      discoveries and works made or conceived by such Participant during and in
      the course of his or her employment by the Employing Entity, jointly or
      with others, that relate to the activities of any Company Entity will be
      owned and assignable by the applicable Company Entity.  The term
      "discoveries and
      works" includes, by way of example, inventions, computer programs
      (including documentation of such programs), technical improvements,
      processes, drawings and works of authorship, including all publications
      which relate to the business, operations or activities of any Company
      Entity or any customer or client of any Company Entity.  He or
      she will promptly notify and make full disclosure to, and execute and
      deliver any documents requested by, the applicable Company Entity to
      evidence or better assure title to such discoveries and works by the
      applicable Company Entity, assist the applicable Company Entity in
      obtaining or maintaining, at the applicable Company Entity'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 or her employment or thereafter, all
      applications or other endorsements necessary or appropriate to maintain
      patents and other rights for the applicable Company Entity or its
      assignees and to protect its title thereto.  Any discoveries and
      works which, within six months after the termination of such Participant's
      employment hereunder, are made, disclosed, reduced to a tangible or
      written form or description, or are reduced to practice by such
      Participant and which pertain to work performed by him or her while with,
      and in his or her capacity as an employee of, the Employing Entity will,
      as between such Participant and applicable Company Entity, be presumed to
      have been made during his or her employment by the Employing
      Entity.

            

    

     

    
      	
              (e)  

            	
              For
      purposes hereof, (i) the "Company
      Entities" means the Company, each of the Company Subsidiaries and
      each person in which the Company holds a direct or indirect equity
      interest (whether or not a controlling interest) and (ii) a "controlled
      Affiliate" means, with respect to each Participant, any Person that
      directly or indirectly, through one or more intermediaries, is controlled
      by such Participant, alone or together with one or more other Participants
      or shareholders of the Company, where "control" means
      the possession, directly or indirectly, of the power to direct or cause
      the direction of the management or policies of such Person, whether
      through the ownership of voting securities, by contract or
      otherwise.

            

    

     

    
      	
              (f)  

            	
              Each
      Participant acknowledges and agrees that money damages would not be an
      adequate remedy for any breach of his or her agreements contained in this
      Section 9 and that, in addition to any other remedies available to any
      Company Entity, such Company Entity will be entitled to the remedies of
      injunction, specific performance and other equitable relief for any
      threatened or actual breach of the agreements contained in this Section 9
      without any requirement that such Company Entity post a
      bond.  The parties hereto agree that the provisions of this
      Section 9 are reasonable.  If a court determines, however, that
      any provision of this Section 9 is unreasonable, either in period of time,
      geographical area or otherwise, then the parties hereto agree that the
      provisions of this Section 9 should be interpreted and enforced to the
      maximum extent which such court deems
  reasonable.

            

    

     

    
      	
              10.  

            	
              Special
      Forfeiture/Repayment Rules.

            

    

     

    
      	
              (a)  

            	
              If,
      prior to December 31, 2009, a Participant engages in Triggering Conduct,
      then (i) if the Triggering Conduct occurred prior to December 31, 2007,
      the Participant's entire participation herein will immediately terminate
      and be forfeited and no Final Award Amount will be paid to such
      Participant or (ii) if the Triggering Conduct occurred during 2008 or
      2009, the Participant will, within 30 days following written notice from
      the Company, pay to the Company an amount equal to (A) if such Triggering
      Conduct occurred during 2008, in the case of any Triggering Conduct
      described in clause (i) of the definition of Triggering Conduct in the
      immediately succeeding paragraph, 100% of the Final Award Amount, and in
      the case of any other Triggering Conduct, 50% of the Final Award Amount,
      or (B) if such Triggering Conduct occurred during 2009, in the case of any
      Triggering Conduct described in clause (i) of the definition of Triggering
      Conduct, 75% of the Final Award Amount, and in the case of any other
      Triggering Conduct, 25% of the Final Award Amount
  .

            

    

     

    
      	
              (b)  

            	
              As
      used herein, "Triggering
      Conduct" will mean (i) a breach by such Participant of the
      provisions of Section 9 of this Plan, (ii) the violation of any material
      policy of the Company or the Purchaser, including conduct which would
      constitute a breach of the then-most recent version of the Company's or
      the Purchaser's code of conduct, or (iii) any activity that results in a
      termination due to (A) the Participant's willful and continuous gross
      neglect of his or her duties for which he or she is employed, (B) the
      Participant willfully engaging in misconduct which is materially injurious
      to the Company or any of its Affiliates, (C) the Participant'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 (D) the Participant's refusal or failure to follow the lawful
      directives of the Participant's designated superior or the Board of the
      Company within ten business days after written notice (or any shorter
      notice period reasonably necessary to avoid material harm to the Company
      or the Purchaser). 

            

    

     

    
      	
              11.  

            	
              Investment
      Representations.  Each
      Participant hereby represents and warrants that the Award Shares are being
      acquired for such Participant's own account, for investment purposes and
      not with a view to distribution thereof.  Such Participant
      acknowledges and agrees that any sale or distribution of Award Shares may
      be made only pursuant to either (i) a registration statement on an
      appropriate form under the Securities Act of 1933, as amended (the "Securities
      Act"), which registration statement has become effective and is
      current with regard to the shares being sold, or (ii) a specific exemption
      from the registration requirements of the Securities Act that is confirmed
      in a favorable written opinion of counsel, in form and substance
      satisfactory to counsel for the Purchaser, prior to any such sale or
      distribution, unless the Purchaser determines that such opinion of counsel
      is unavailable; provided, however, that
      the Purchaser will not require an opinion of counsel for transfers of
      Award Shares made pursuant to Rule 144 if the Purchaser is provided with
      any certificates or other evidence of compliance with Rule 144 reasonably
      required by it in connection with such transfer (including a copy of the
      relevant Form 144).  Such Participant hereby consents to such
      action as the Purchaser deems necessary or appropriate from time to time
      to prevent a violation of, or to perfect an exemption from, the
      registration requirements of the Securities Act or to implement the
      provisions of this Plan, including but not limited to placing restrictive
      legends on certificates evidencing Award Shares and delivering stop
      transfer instructions to the Purchaser's stock transfer
    agent.

            

    

     

    
      	
              12.  

            	
              Withholding
      of Taxes.  Any payment
      made pursuant to this Plan will be less any applicable federal, state,
      local or foreign taxes.

            

    

     

    
      	
              13.  

            	
              Service
      at Will.  No
      provision of this Plan will confer upon a Participant any right to
      continue as an employee or consultant for any period of specific duration
      or interfere with or otherwise restrict in any way the rights of the
      Company or of the Participant, which rights are expressly reserved by
      each, to terminate the Participant's service to the Company at any time
      for any reason, with or without
cause.

            

    

     

    
      	
              14.  

            	
              Plan
      Duration; Amendment.  Except for
      Sections 9 and 10 of this Plan, this Plan will terminate on the settlement
      date of all sums which become payable under this Plan (the "Plan
      Period").  Without limiting the generality or effect of
      any provision contained herein, this Plan may be amended at any time in
      any respect the Board deems necessary or advisable with the approval of
      the Plan Representative; provided, however, that
      if the rights and obligations of the Participants would be adversely
      affected, such amendment or amendments will not be effective (other than
      with respect to any Participant who consents thereto in writing) unless
      the amendments have been approved by the holders of a majority in amount
      of the Maximum Individual Awards payable hereunder and the Plan Joinder
      Agreements.

            

    

     

    
      	
              15.  

            	
              Governing
      Law.  The
      provision of this Plan will be governed by and construed in accordance
      with the laws of the State of Delaware without resort to that State's
      conflict of laws rules.

            

    

     

    
      	
              16.  

            	
              Dispute
      Resolution.  Any
      controversy or claim arising out of or relating to this Plan or the
      employment relationship between the Participant and the Employing Entity
      will 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 will 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 Company or any of its affiliates for temporary or preliminary
      relief with respect to Section 9 need not be resolved in
      arbitration.  Such Participant 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 such Participant hereby
      waives all rights thereunder to have a judicial tribunal resolve such
      claims.  The award or decision rendered by the arbitrator will
      be final, binding and conclusive and judgment may be entered upon such
      award by any court of competent
jurisdiction.

            

    

     

    
      	
              17.  

            	
              Non-Transferability.  No rights
      under this Plan prior to the end of this Plan Period may be sold,
      transferred, pledged, assigned or otherwise alienated or hypothecated,
      other than by will or by the laws of descent and distribution, or pursuant
      to a domestic relations order.

            

    

     

    
      	
              18.  

            	
              Definitions.  In
      addition to the terms defined elsewhere herein, as used in this Plan, the
      following terms have the meanings specified below when used in this Plan
      with initial capital letters:

            

    

     

    
      	
              (a)  

            	
              "Affiliate" of
      any Person means another Person that directly or indirectly, through one
      or more intermediaries, controls, is controlled by or is under common
      control with, such first Person, where "control" means
      the possession, directly or indirectly, of the power to direct or cause
      the direction of the management or policies of a Person, whether through
      the ownership of voting securities, by contract or
    otherwise.

            

    

     

    
      	
              (b)  

            	
              "Fair Market
      Value" means, with respect to any Award Share, the average closing
      bid price (or, if there is no applicable closing bid price, the closing
      price) of such Award Share on the principal exchange or interdealer
      quotation system on which such Award Share is traded over a period of 30
      consecutive trading days, the latest of which will be the trading day
      immediately preceding the date as of which Fair Market Value is being
      determined.

            

    

     

    
      	
              (c)  

            	
              "Listed Equity
      Securities" means equity securities that are traded on the New York
      Stock Exchange, the American Stock Exchange, The Nasdaq Stock Market or
      another securities exchange or interdealer quotation system that are
      registered or eligible for resale pursuant to Rule
  144.

            

    

     

    
      	
              (d)  

            	
              "Net Revenues"
      of the Company means the consolidated revenues of the Company and its
      Subsidiaries net of pass-through expenses, determined on a consistent
      basis between periods, determined in the same manner as, and using the
      same principles and policies used in calculating, the "Gross Profit" line
      item on the Consolidated Statement of Operations included in the Company’s
      audited, consolidated 2004 financial
statements.

            

    

     

    
      	
              (e)  

            	
              "Person" means
      an individual, corporation, partnership, limited liability company, joint
      venture, association, trust, unincorporated organization, Governmental
      Entity or other entity (including its permitted successors and assigns),
      where "Governmental
      Entity" means any federal, state, local or foreign government,
      court or administrative, regulatory or other governmental agency,
      commission or authority.

            

    

     

    
      	
              (f)  

            	
              "Settlement
      Auditor" means the Wilmington, Delaware office of Grant Thornton
      LLP, or if such firm is unable or unwilling to serve as Settlement
      Auditor, such other nationally recognized independent auditing firm that
      the Purchaser and the Plan Representative may agree
  upon.

            

    

     

    
      	
              (g)  

            	
              "Subsidiary"
      means, as to any Person, another Person whose financial condition and
      results of operations are required to be consolidated with those of the
      first Person under GAAP and also includes, with respect to the Company,
      RxPedite, LLC.

            

    

     

    

    Executed as of February 27,
2008.

    

    

    

    INVENTIV COMMUNICATIONS,
INC.

    

    

    By:
_______________________

    Name:
_____________________                                                                           

    Title:
______________________

    

    

    

    

    
      
        
           [***]   Confidential treatment
requested.  Omitted portions have been filed separately with the
Securities and Exchange Commission.

        

         

      

      
         

        
          

        

      

      
         

      

    

    Annex A

    

    INVENTIV
COMMUNICATIONS, INC.

    500
Olde Worthington Road

    Westerville,
Ohio 43082

    

    September
__, 2005

    

    To the
Participant Named on

    the
Signature Page Hereto

    

    

    Ladies
and Gentlemen:

    

    The parties wish to confirm the
following mutual understandings with respect to certain aspects of the
Acquisition-Related Incentive Plan (the "Plan") to be
implemented in connection with a sale of all or substantially all of the capital
stock or of the assets and business of the Company to a third party strategic
acquirer for consideration paid at closing of not less than $[***] on or prior
to September 1, 2006.

    

    
      	
               
      

            	
              1.

            	
              Final Award
      Amount:  Provided that the Net Revenue threshold set
      forth in the Plan is satisfied, the Maximum Individual Award for the
      Participant named herein is
$_____________.

            

    

    

    
      	
               
      

            	
              2.

            	
              Terms of
      Acquisition-Related Incentive Plan:  The Participant
      agrees that, as consideration for receiving his or her Final Award Amount,
      he or she accepts and agrees to the terms of the Plan and agrees to be
      bound by the obligations applicable to Participants thereunder, including
      without limitation Sections 9 and 10 thereof, which include limitations on
      competition, solicitation of employees and clients and provides for the
      forfeiture of rights in certain
circumstances.

            

    

    

    
      	
               
      

            	
              3.

            	
              Continued
      Employment:  As of the date hereof, the Participant has
      no plans to terminate his or her employment with the Company or any
      Company Subsidiary between the date hereof through the Plan Period, either
      independently or as a result of any Sale
  Transaction.

            

    

    

    This
document may be executed in counterparts.

    

    

    [Signature
Page Follows]

    
      
        
           [***]   Confidential treatment
requested.  Omitted portions have been filed separately with the
Securities and Exchange Commission.

        

         

      

      
         

        
          

        

      

      
         

        
           

          

        

      

    

    

    Sincerely,

    

    INVENTIV
COMMUNICATIONS, INC.

    

    

    By:                                                                

          Duly
Authorized

    

    

    

    PARTICIPANT:

    

    

    Name:                                                                

    

    
      
        
          

          [***]  Confidential
treatment requested.  Omitted portions have been filed separately with
the Securities and Exchange Commission.

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