Document:

Exhibit
10.57.2

First
Amendment to the

Change-in-Control Agreement for Robert H. Steinfeld

THIS
FIRST AMENDMENT to the Change-in-Control Agreement by and
between IMS Health Incorporated (the “Company”) and Robert H. Steinfeld (“Executive”)
dated August 6, 1998 (the “Change-in-Control Agreement”) shall become effective
as of January 1, 2007.

WHEREAS,
the Company and Executive entered into the Change-in-Control Agreement
effective as of August 6,1998; and

WHEREAS,
the Company and Executive also entered into an Employment Agreement  effective as of November 14, 2000 and amended
and restated the Employment Agreement effective as of February 11, 2003 and
further amended the Employment Agreement by a First Amendment to the Employment
Agreement effective January 1, 2005 (the “Employment Agreement”); and

WHEREAS, pursuant
to Section 12 of the Employment Agreement, no payment or benefit under the
Change-in-Control Agreement shall be made or extended which duplicates any
payment or benefit under the Employment Agreement, but Executive shall remain
entitled to any right or benefit under the Change-in-Control Agreement if and
to the extent that such right or benefit is more favorable to Executive than a
corresponding provision of the Employment Agreement; and

WHEREAS,
pursuant to Section 3(b)(vi) of the Change-in-Control Agreement, in the event
of Executive’s termination of employment by the Company without Cause or by
Executive for Good Reason during the 24-month period following a Change in
Control of the Company (as such capitalized terms are defined in the
Change-in-Control Agreement), Executive is entitled to receive retiree medical
and life benefits from the Company starting at age 55 regardless of Executive’s
attained age at the time of his termination of employment; and

WHEREAS, the
retiree medical and life benefits provided to Executive under Section 3(b)(vi)
of the Change-in-Control Agreement are more favorable to Executive than the
retiree medical and life benefits provided to Executive under the Employment
Agreement inasmuch as the Employment Agreement requires Executive to have
attained age 55 in order to be eligible for retiree medical benefits and does
not provide retiree life benefits; and

WHEREAS, the
Company and Executive desire to amend the Change-in-Control Agreement to
clarify the retiree medical and life benefits provided pursuant to Section
3(b)(vi) thereof and to modify the terms of Section 3(b)(v) of the
Change-in-Control Agreement concerning the medical and life benefits provided
during the three-year period following a change in control of the Company.

NOW,
THEREFORE, in consideration of the foregoing, the Company and
Executive hereby agree as follows:

1.                                       Section
3(b)(v) of the Change-in-Control Agreement is amended to read in its entirety
as follows:

“During the three-year period following your termination of employment,
you will receive fully subsidized COBRA coverage (grossed up for your taxes)
under the Company’s health plan for so long as it is available and thereafter
you will be paid cash payments equivalent on an after-tax basis to the value of
the health plan benefits you would have received under the Company’s health
plan had you continued to be employed during such three-year period, with such
payments to be made by the Company to you on a monthly basis (it being
understood that the Company payments to you attributable to the health plan
benefits will be equal on an after-tax basis to the monthly premium cost to you
to purchase such health plan benefits separately, which shall not exceed the highest
risk premium charged by a carrier having an investment grade or better credit
rating).  You will also receive during
such three-year period cash payments equivalent on an after-tax basis to the
value of the life insurance benefits you 
would have received under the Company’s life insurance plan had you
continued to be employed during such three-year period, with such payments to
be made by the Company to you on a monthly basis (it being understood that the
Company payments to you attributable to the life insurance plan benefits will
be equal on an after-tax basis to the monthly premium cost to you to purchase
such life insurance plan benefits separately, which shall not exceed the
highest risk premium charged by a carrier having an investment grade or better
credit rating).  Notwithstanding the
foregoing, the benefits described in this Section 3(b)(v) shall constitute
secondary coverage with respect to any health or life insurance benefits
actually received by you in connection with any subsequent employment (or
self-employment) during the three-year period following your termination.”

2.                                       Section
3(b)(vi) of the Change-in-Control Agreement is amended to read in its entirety
as follows:

“When you attain age 55, if you are eligible to participate in the Company’s
retiree health and life insurance plans, you will receive monthly payments from
the Company to reimburse you for your cost to participate in those plans,
grossed up for your taxes.  If you are
not eligible to participate in the Company’s retiree health and life insurance
plans, you will instead receive cash payments equivalent on an after-tax basis
to the value of the retiree health and life insurance benefits you would have
received under the Company’s retiree health and life insurance plans (providing
benefits no less than those provided on August 6, 1998) had you qualified for
full retiree health and life insurance benefits under the Company’s retiree
health and life insurance plans, with such payments to be made by the Company
to you on a monthly basis (it being understood that the Company payments to you
attributable to the health and life insurance benefits will be equal on an
after-tax basis to the monthly premium cost to you to purchase such benefits
separately, which shall not exceed the highest risk premium charged by a
carrier

 2
 

having an investment grade or better credit rating).  Notwithstanding the foregoing, the benefits
described in this Section 3(b)(vi) shall constitute secondary coverage with
respect to any health or life insurance benefits actually received by you in
connection with any subsequent employment (or self-employment) or otherwise
following your attainment of age 55.”

IN
WITNESS WHEREOF, Executive has hereunto set his hand and the
Company has caused this instrument to be duly executed as of the 23rd day of
February, 2007.

	
   

  	
  IMS HEALTH INCORPORATED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David R.
  Carlucci

  	
   

  
	
   

  	
  Name: David R.
  Carlucci

  
	
   

  	
  Title: Chairman,
  Chief Executive Officer and President

  
	
   

  	
   

  
	
   

  	
  /s/ Robert H.
  Steinfeld

  	
   

  
	
   

  	
  Robert H.
  Steinfeld

  

 

 3Exhibit
10.58.2

First
Amendment to the

Employment Agreement for David R. Carlucci

As Amended and Restated at February 16, 2006

THIS
FIRST AMENDMENT to the Employment Agreement by and between
IMS Health Incorporated (the “Company”) and David R. Carlucci (“Executive”) as
amended and restated at February 16, 2006 (the “Agreement”) shall become
effective as of January 1, 2005.

WHEREAS,  the Company and Executive entered into the
Agreement effective as of October 7, 2002 and amended and restated the
Agreement as of December 3, 2002, January 1, 2005 and February 16, 2006; and

WHEREAS,
the Company and Executive desire to amend the Agreement to comply with the
requirements of Section 409A of the Internal Revenue Code of 1986, as amended,
effective January 1, 2005 and in certain other respects.

NOW,
THEREFORE, in consideration of the foregoing, the Company and
Executive hereby agree as follows:

1.                                       Section
3(b) of the Agreement is amended by inserting the word “County” after the word “Fairfield”.

2.                                       Section
4(b) of the Agreement is amended to read in its entirety as follows:

“(b)  Annual Incentive
Compensation.    The Company will pay to
Executive during the Term annual incentive compensation which shall offer to
Executive an opportunity to earn additional compensation based upon performance
in amounts determined by the Committee in accordance with the applicable plan
and consistent with past practices of the Company; provided, however, that the
annual target incentive opportunity shall be not less than the greater of 100%
of Base Salary or the annual target incentive opportunity for the prior year
for achievement of target level performance, with the nature of the performance
and the levels of performance triggering payments of such annual target
incentive compensation for each year to be established after consultation with
Executive and communicated to Executive during the first quarter of such year
by the Committee. In addition, the Committee (or the Board) may determine, in
its discretion, to increase Executive’s annual target incentive opportunity or
provide an additional annual incentive opportunity, in excess of the annual
target incentive opportunity, payable for performance in excess of or in
addition to the performance required for payment of the annual target incentive
amount. Any annual incentive compensation payable to Executive shall be paid in
accordance with the applicable plan (except to the extent deferred under
Section 5(d)).”

3.                                       The
last two sentences of Section 5(b) are amended to read as follows:

“Any provision to the contrary contained in this Agreement
notwithstanding, unless Executive is terminated by the Company for “Cause” (as
defined in Section 8(a)) or Executive terminates voluntarily and not for “Good
Reason” (as defined in Section 8(e)), Executive may elect continued
participation after termination of employment in the Company’s health and
medical coverage for himself and his spouse and dependent children after such
coverage would otherwise end for his lifetime; provided, however, that in the
event of such election, Executive shall pay the Company each year an amount
equal to (i), during the first 18 months after termination (or other applicable
period under COBRA), the then-current annual COBRA premium being paid (or
payable) by any other former employee of the Company, and (ii), thereafter, the
annual amount payable in accordance with standard payment rates applicable to
retirees as of the Effective Date of this Agreement except in each case as may
be otherwise provided under Section 6 or 7. If Executive’s age and years
of service do not qualify him for full benefits under the Company’s retiree
health benefits plan, Executive shall instead be paid cash payments equivalent
on an after-tax basis to the value of the retiree health benefits that Executive
would have received under the Company’s retiree health benefits plan had
Executive qualified for full benefits under the Company’s retiree health
benefits plan, with such payments to be made by the Company to Executive on a
monthly basis (it being understood that the Company payments to Executive
attributable to these retiree health benefits will be equal on an after-tax
basis to the monthly premium cost to Executive to purchase such benefits
separately, which shall not exceed the highest risk premium charged by a
carrier having an investment grade or better credit rating).”

4.                                       Section
5(e) of the Agreement is amended to read in its entirety as follows:

“(e)  Reimbursement of
Expenses.  The Company will reimburse Executive for all reasonable
business expenses and disbursements incurred by Executive in the performance of
Executive’s duties during the Term in accordance with the Company’s
reimbursement policies as in effect from time to time, any such reimbursement
to be made in a lump sum in the year in which Executive submits to the Company
a receipt for any such expense or disbursement.”

5.                                       The
following new subsection (g) is added to the end of Section 5 of the Agreement:

“(g)  Limitations Under Code Section 409A. 
Anything in this Section 5 to the contrary notwithstanding, with respect to any
payment otherwise required hereunder, in the event of any delay in the payment
date as a result of Section 7(g) of this Agreement (relating to the six-month
delay in payment of certain benefits to Specified Employees as required by
Section 409A of the Code), the Company will adjust the payment to reflect the
deferred payment date by multiplying the payment by the product of the
six-month CMT Treasury Bill annualized yield rate as published by the U.S.
Treasury for the date on which such payment would have

 2
 

been made but for the delay multiplied by a fraction, the numerator of
which is the number of days by which such payment was delayed and the
denominator of which is 365. The Company will pay the adjusted payment at the
beginning of the seventh month following Executive’s termination of
employment.  Notwithstanding the
foregoing, if calculation of the amounts payable by such payment date is not
administratively practicable due to events beyond the control of Executive (or
Executive’s beneficiary or estate) and for reasons that are commercially
reasonable, payment will be made as soon as administratively practicable in
compliance with Section 409A of the Code and the proposed and final Treasury
Regulations thereunder, as the same may be amended from time to time (the “Regulations”).
In the event of Executive’s death during such six-month period, payment will be
made in the payroll period next following the payroll period in which Executive’s
death occurs.”

6.                                       The
second sentence of Section 6(a) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment terminates due to Retirement, the
Term will terminate, all obligations of the Company and Executive under
Sections 1 through 5 of this Agreement will immediately cease except for
obligations which expressly continue after termination of employment due to
Retirement, and the Company will pay Executive at the time specified in Section
6(d), and Executive will be entitled to receive, the following:”

7.                                       Section
6(a)(ii) of the Agreement is amended to read in its entirety as follows:

“(ii) In lieu of any annual incentive compensation under Section 4(b)
for the year in which Executive’s employment terminated, a lump sum amount
equal to the portion of annual incentive compensation that would have become
payable in cash to Executive (i.e., excluding the portion payable in PERS or in
other non-cash awards) for that year if his employment had not terminated,
based on performance actually achieved in that year (determined by the
Committee following completion of the performance year and paid at the time
specified in the applicable plan), multiplied by a fraction the numerator of
which is the number of days Executive was employed in the year of termination
and the denominator of which is the total number of days in the year of
termination;”

8.                                       The
first sentence of Section 6(b) of the Agreement before the colon is amended to
read as follows:

“In the event of Executive’s death which results in the termination of
Executive’s employment, the Term will terminate, all obligations of the Company
and Executive under Sections 1 through 5 of this Agreement will immediately
cease except for obligations which expressly continue after death, and the
Company will pay Executive’s beneficiary or estate at the time specified in
Section 6(d), and Executive’s beneficiary or estate will be entitled to
receive, the following:”

 3
 

9.                                       Section
6(b)(ii) of the Agreement is amended to read in its entirety as follows:

“(ii)  In lieu of any annual
incentive compensation under Section 4(b) for the year in which Executive’s
death occurred, a lump sum amount equal to the portion of annual incentive
compensation that would have become payable in cash to Executive (i.e.,
excluding the portion payable in PERS or in other non-cash awards) for that
year if his employment had not terminated, based on performance actually
achieved in that year (determined by the Committee following completion of the
performance year and paid at the time specified in the applicable plan),
multiplied by a fraction the numerator of which is the number of days Executive
was employed in the year of his death and the denominator of which is the total
number of days in the year of death;”

10.                                 The
second sentence of Section 6(c) of the Agreement is amended to read as follows:

“Such employment shall terminate at the expiration of the 30-day period
referred to in the definition of Disability set forth in Section 8(d),
unless Executive has returned to service.”

11.                                 The
third sentence of Section 6(c) of the Agreement before the colon is amended to
read as follows:

“Upon termination of employment, the Term will terminate, all
obligations of the Company and Executive under Sections 1 through 5 of this
Agreement will immediately cease except for obligations which expressly
continue after termination of employment due to Disability, and the Company
will pay Executive at the time specified in Section 6(d), and Executive will be
entitled to receive, the following:”

12.                                 Section
6(c)(ii) of the Agreement is amended to read in its entirety as follows:

“(ii)  In lieu of any annual incentive compensation under
Section 4(b) for the year in which Executive’s employment terminated, a lump
sum amount equal to the portion of annual incentive compensation that would
have become payable in cash to Executive (i.e., excluding the portion payable
in PERS or in other non-cash awards) for that year if his employment had not
terminated, based on performance actually achieved in that year (determined by
the Committee following completion of the performance year and paid at the time
specified in the applicable plan), multiplied by a fraction the numerator of
which is the number of days Executive was employed in the year of termination
and the denominator of which is the total number of days in the year of
termination;”

13.                                 Section
6(c)(v) of the Agreement is amended to read in its entirety as follows:

 4
 

“(v)  Disability benefits shall be payable in accordance with
the Company’s plans, programs and policies (including the SERP) as modified by
this Agreement, and all deferral arrangements under Section 5(d) will
be settled in accordance with the plans and programs governing the deferral,
provided that, if the Company’s payment obligation (determined on a monthly
basis) pursuant to Section 7(c)(ii) hereof (the “Section 7(c)(ii) Payments,”
determined as though Executive’s termination of employment had been treated as
a termination by the Company without Cause) would have been greater than the
monthly payments of Disability benefits due Executive pursuant to this Section
6(c)(v), Executive shall be entitled to an additional monthly payment for the
first 24 months following Executive’s termination due to Disability equal to
the difference between the Section 7(c)(ii) Payments and the monthly
payments due Executive pursuant to this Section 6(c)(v), to the extent of
such excess; and”

14.                                 Section
6(c)(vi) of the Agreement is amended to read in its entirety as follows:

“(vi) For the period extending from the date of termination due to
Disability until the date Executive reaches age 65 (or the date Medicare
coverage becomes available to Executive, if later), Executive shall continue to
participate in those employee and executive benefit plans and programs under
Section 5(b) to the extent such plans and programs provide medical,
disability and life insurance benefits (but not other benefits, such as pension
and retirement benefits, provided under Section 5(b)) in which Executive
was participating immediately prior to termination, the terms of which allow
Executive’s continued participation, as if Executive had continued in
employment with the Company during such period or, if the terms of such plans
or programs do not allow Executive’s continued participation, Executive shall
instead be paid cash payments equivalent on an after-tax basis to the value of
the additional benefits described in this Section 6(c)(vi) Executive would have
received under such plans or programs had Executive continued to be employed
during such period following Executive’s termination until age 65 (or the date
Medicare coverage becomes available, if later), with such payments to be made
by the Company to Executive on a monthly basis (it being understood that the
Company payments to Executive attributable to these benefits will be equal on
an after-tax basis to the monthly premium cost to Executive to purchase such
benefits separately, which shall not exceed the highest risk premium charged by
a carrier having an investment grade or better credit rating); provided,
however, that Executive must continue to satisfy the conditions set forth in
Section 10 in order to continue receiving the benefits provided under this
Section 6(c)(vi).”

15.                                 Section
6(d) of the Agreement is amended to read in its entirety as follows:

“(d)   Other Terms of Payment Following Retirement, Death,
or Disability.  Nothing in this Section 6 shall limit the benefits
payable or provided in the event Executive’s employment terminates due to
Retirement, death, or Disability under

 5
 

the terms of plans or programs of the Company more favorable to the
Executive (or his beneficiaries) than the benefits payable or provided under
this Section 6 (except in the case of annual incentives in lieu of which
amounts are paid hereunder), including plans and programs adopted after the
date of this Agreement.  Amounts payable under this Section 6 following
Executive’s termination of employment, other than those expressly payable
following determination of performance for the year of termination for purposes
of annual incentive compensation or otherwise expressly payable on a deferred
basis, will be paid in the payroll period next following the payroll period in
which termination of employment occurs; subject, however, to the provisions of
Section 7(g) of this Agreement relating to the six-month delay in payment of
certain benefits to Specified Employees as required by Section 409A of the
Code. Any payment due within such six-month period shall be delayed to the end
of such six-month period as required by Section 7(g). The Company will adjust
the payment to reflect the deferred payment date by multiplying the payment by
the product of the six-month CMT Treasury Bill annualized yield rate as
published by the U.S. Treasury for the date on which such payment would have
been made but for the delay multiplied by a fraction, the numerator of which is
the number of days by which such payment was delayed and the denominator of
which is 365. The Company will pay the adjusted payment at the beginning of the
seventh month following Executive’s termination of employment.  Notwithstanding the foregoing, if calculation
of the amounts payable by such payment date is not administratively practicable
due to events beyond the control of Executive (or Executive’s beneficiary or estate)
and for reasons that are commercially reasonable, payment will be made as soon
as administratively practicable in compliance with Section 409A of the Code and
the Regulations. In the event of Executive’s death during such six-month
period, payment will be made in the payroll period next following the payroll
period in which Executive’s death occurs.”

16.                                 The
second sentence of Section 7(a) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated for Cause, the Term
will terminate, all obligations of the Company and Executive under Sections 1
through 5 of this Agreement will immediately cease except for obligations which
expressly continue after termination of employment by the Company for Cause,
and the Company will pay Executive at the time specified in Section 7(g), and
Executive will be entitled to receive, the following:”

17.                                 The
third sentence of Section 7(b) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated by Executive other
than for Good Reason the Term will terminate, all obligations of the Company
and Executive under Sections 1 through 5 of this Agreement will immediately
cease,

 6
 

and the Company will pay Executive at the time specified in Section
7(g), and Executive will be entitled to receive, the following:”

18.                                 The
fourth sentence of Section 7(c) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated by the Company (i.e.,
at the expiration of such notice period), the Term will terminate, all
remaining obligations of the Company and Executive under Sections 1 through 5
of this Agreement will immediately cease (except for obligations which continue
after termination of employment as expressly provided herein), and the Company
will pay Executive at the time specified in Section 7(g), and Executive will be
entitled to receive, the following:”

19.                                 The
last sentence of Section 7(c)(ii) of the Agreement is amended to read as
follows:

“The amount determined to be payable under this Section 7(c)(ii) shall
be paid in a lump sum;”

20.                                 Section
7(c)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii)  In lieu of any annual incentive compensation under Section
4(b) for the year in which Executive’s employment terminated, a lump sum amount
equal to the portion of Executive’s annual target incentive compensation
potentially payable in cash to Executive (i.e., excluding the portion payable
in PERS or in other non-cash awards) for the year of termination, multiplied by
a fraction the numerator of which is the number of days Executive was employed
in the year of termination and the denominator of which is the total number of
days in the year of termination;”

21.                                 Section
7(c)(vii) of the Agreement is amended to read in its entirety as follows:

“(vii) For a period of two years after such termination (but not
after Executive attains age 65 or the date Medicare coverage becomes available
to Executive, if later), Executive shall continue to participate in those
employee and executive benefit plans and programs under
Section 5(b) to the extent such plans and programs provide medical,
disability and life insurance benefits (but not other benefits, such as pension
and retirement benefits, provided under Section 5(b)) in which Executive
was participating immediately prior to termination, the terms of which allow
Executive’s continued participation, as if Executive had continued in
employment with the Company during such period; provided, however, that such
participation shall terminate, or the benefits under such plans and programs
shall be reduced, if and to the extent Executive becomes covered (or is
eligible to become covered) by plans of a subsequent employer or other entity
to which Executive provides services during such period providing comparable
benefits. If

 7
 

the terms of the Company plans and programs referred to in this
Section 7(c)(vii) do not allow Executive’s continued participation,
Executive shall instead be paid cash payments equivalent on an after-tax basis
to the value of the additional benefits described in this Section 7(c)(vii)
Executive would have received under such plans or programs had Executive
continued to be employed during such period, with such payments to be made by
the Company to Executive on a monthly basis (it being understood that the
Company payments to Executive attributable to these benefits will be equal on
an after-tax basis to the monthly premium cost to Executive to purchase such benefits
separately, which shall not exceed the highest risk premium charged by a
carrier having an investment grade or better credit rating); provided, however,
that Executive must continue to satisfy the conditions set forth in Section 10
in order to continue receiving the benefits provided under this Section
7(c)(vii).  Executive agrees to promptly
notify the Company of any employment or other arrangement by which Executive
provides services during the benefits-continuation period and of the nature and
extent of benefits for which Executive becomes eligible during such period
which would reduce or terminate benefits under this Section 7(c)(vii); and the
Company shall be entitled to recover from Executive any payments and the fair
market value of benefits previously made or provided to Executive hereunder
which would not have been paid under this Section 7(c)(vii) if the Company had
received adequate prior notice as required by this sentence.”

22.                                 The
second sentence of Section 7(d) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated by Executive for Good
Reason (i.e., at the expiration of such notice period), the Term will
terminate, all obligations of the Company and Executive under Sections 1 through
5 of this Agreement will immediately cease (except for obligations which
continue after termination of employment as expressly provided herein), and the
Company will pay Executive at the time specified in Section 7(g), and Executive
will be entitled to receive, the following:”

23.                                 The
last sentence of Section 7(d)(ii) of the Agreement is amended to read as
follows:

“The amount determined to be payable under this Section 7(d)(ii) shall
be paid in a lump sum;”

24.                                 Section
7(d)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii) In lieu of any annual incentive compensation under Section
4(b) for the year in which Executive’s employment terminated, a lump sum amount
equal to the portion of Executive’s annual target incentive compensation
potentially payable in cash to Executive (i.e., excluding the portion payable
in PERS or in other non-cash awards) for the year of termination, multiplied by
a fraction the numerator of

 8
 

which is the number of days Executive was employed in the year of
termination and the denominator of which is the total number of days in the
year of termination;”

25.                                 Section
7(d)(vii) of the Agreement is amended to read in its entirety as follows:

“(vii)   For a period of two years
after such termination (but not after Executive attains age 65 or the date
Medicare coverage becomes available to Executive, if later), Executive shall
continue to participate in those employee and executive benefit plans and
programs under Section 5(b) to the extent such plans and programs provide
medical, disability and life insurance benefits (but not other benefits, such
as pension and retirement benefits, provided under Section 5(b)) in which
Executive was participating immediately prior to termination, the terms of
which allow Executive’s continued participation, as if Executive had continued
in employment with the Company during such period; provided, however, that such
participation shall terminate, or the benefits under such plans and programs
shall be reduced, if and to the extent Executive becomes covered (or is
eligible to become covered) by plans of a subsequent employer or other entity
to which Executive provides services during such period providing comparable
benefits. If the terms of the Company plans and programs referred to in this
Section 7(d)(vii) do not allow Executive’s continued participation,
Executive shall be paid cash payments equivalent on an after-tax basis to the
value of the additional benefits described in this Section 7(d)(vii) Executive
would have received under such plans or programs had Executive continued to be
employed during such period, with such payments to be made by the Company to
Executive on a monthly basis (it being understood that the Company payments to
Executive attributable to these benefits will be equal on an after-tax basis to
the monthly premium cost to Executive to purchase such benefits separately,
which shall not exceed the highest risk premium charged by a carrier having an
investment grade or better credit rating); provided, however, that Executive
must continue to satisfy the conditions set forth in Section 10 in order to
continue receiving the benefits provided under this Section 7(d)(vii).  Executive agrees to promptly notify the
Company of any employment or other arrangement by which Executive provides
services during the benefits-continuation period and of the nature and extent
of benefits for which Executive becomes eligible during such period which would
reduce or terminate benefits under this Section 7(d)(vii); and the Company shall
be entitled to recover from Executive any payments and the fair market value of
benefits previously made or provided to Executive hereunder which would not
have been paid under this Section 7(d)(vii) if the Company had received
adequate prior notice as required by this sentence.”

26.                                 The
fourth sentence of Section 7(e) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated by the Company (i.e.,
at the expiration of such notice period), the Term will terminate, all
remaining

 9
 

obligations of the Company and Executive under Sections 1 through 5 of
this Agreement will immediately cease (except for obligations which continue
after termination of employment as expressly provided herein), and the Company will
pay Executive at the time specified in Section 7(g), and Executive will be
entitled to receive, the following:”

27.                                 The
last sentence of Section 7(e)(ii) is amended to read as follows:

“The amount determined to be payable under this Section 7(e)(ii) shall
be paid by the Company in a lump sum;”

28.                                 Section
7(e)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii) In lieu of any annual incentive compensation under Section
4(b) for the year in which Executive’s employment terminated, a lump sum amount
equal to the portion of Executive’s annual target incentive compensation
potentially payable in cash to Executive (i.e., excluding the portion payable
in PERS or in other non-cash awards) for the year of termination, multiplied by
a fraction the numerator of which is the number of days Executive was employed
in the year of termination and the denominator of which is the total number of
days in the year of termination;”

29.                                 Section
7(e)(viii) of the Agreement is amended to read in its entirety as follows:

“(viii) For a period of three years after such termination (but
not after Executive attains age 65 or the date Medicare coverage becomes
available to Executive, if later), Executive shall continue to participate in
those employee and executive benefit plans and programs under
Section 5(b) to the extent such plans and programs provide medical,
disability and life insurance benefits (but not other benefits, such as pension
and retirement benefits, provided under Section 5(b)) in which Executive
was participating immediately prior to termination, the terms of which allow
Executive’s continued participation, as if Executive had continued in
employment with the Company during such period, and on terms no less favorable
than the terms applicable to Executive before the Change in Control; provided,
however, that such participation shall terminate, or the benefits under such
plans and programs shall be reduced, if and to the extent Executive becomes
covered (or is eligible to become covered) by plans of a subsequent employer or
other entity to which Executive provides services during such period providing
comparable benefits. If the terms of the Company plans and programs referred to
in this Section 7(e)(viii) do not allow Executive’s continued participation,
Executive shall instead be paid cash payments equivalent on an after-tax basis
to the value of the additional benefits described in this Section 7(e)(viii)
Executive would have received under such plans or programs had Executive
continued to be employed during such period, with such payments to be made by
the Company to Executive on a monthly basis (it being understood that the
Company payments to Executive attributable to these benefits will be equal on
an after-tax basis to the monthly

 10
 

premium cost to Executive to purchase such benefits separately, which
shall not exceed the highest risk premium charged by a carrier having an
investment grade or better credit rating); provided, however, that Executive
must continue to satisfy the conditions set forth in Section 10 in order to
continue receiving the benefits provided under this Section 7(e)(viii).  Executive agrees to promptly notify the
Company of any employment or other arrangement by which Executive provides
services during the benefits-continuation period and of the nature and extent
of benefits for which Executive becomes eligible during such period which would
reduce or terminate benefits under this Section 7(e)(viii); and the Company
shall be entitled to recover from Executive any payments and the fair market
value of benefits previously made or provided to Executive hereunder which
would not have been paid under this Section 7(e)(viii) if the Company had
received adequate prior notice as required by this sentence.”

30.                                 The
second sentence of Section 7(f) of the Agreement before the colon is amended to
read as follows:

“At the time Executive’s employment is terminated by
Executive for Good Reason (i.e., at the expiration of such notice period), the
Term will terminate, all obligations of the Company and Executive under
Sections 1 through 5 of this Agreement will immediately cease (except for
obligations which continue after termination of employment as expressly
provided herein), and the Company will pay Executive at the time specified in
Section 7(g), and Executive will be entitled to receive, the following:”

31.                                 The
last sentence of Section 7(f)(ii) of the Agreement is amended to read as
follows:

“The amount determined to be payable under this
Section 7(f)(ii) shall be paid in a lump sum;”

32.                                 Section
7(f)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii)    In lieu of any annual incentive
compensation under Section 4(b) for the year in which Executive’s employment
terminated, a lump sum amount equal to the portion of Executive’s annual target
incentive compensation potentially payable in cash to Executive (i.e.,
excluding the portion payable in PERS or in other non-cash awards) for the year
of termination, multiplied by a fraction the numerator of which is the number of
days Executive was employed in the year of termination and the denominator of
which is the total number of days in the year of termination;”

33.                                 Section
7(f)(viii) of the Agreement is amended to read in its entirety as follows:

“(viii) For a period of three years after such
termination (but not after Executive attains age 65 or the date Medicare
coverage becomes available to Executive, if

 11
 

later), Executive shall continue to participate in
those employee and executive benefit plans and programs under Section 5(b) to
the extent such plans and programs provide medical, disability and life
insurance benefits (but not other benefits, such as pension and retirement
benefits, provided under Section 5(b)) in which Executive was
participating immediately prior to termination, the terms of which allow
Executive’s continued participation, as if Executive had continued in
employment with the Company during such period, and on terms no less favorable
than the terms applicable to Executive before the Change in Control; provided,
however, that such participation shall terminate, or the benefits under such
plans and programs shall be reduced, if and to the extent Executive becomes
covered (or is eligible to become covered) by plans of a subsequent employer or
other entity to which Executive provides services during such period providing
comparable benefits. If the terms of the Company plans and programs referred to
in this Section 7(f)(viii) do not allow Executive’s continued
participation, Executive shall be paid cash payments equivalent on an after-tax
basis to the value of the additional benefits described in this Section
7(f)(viii) Executive would have received under such plans or programs had
Executive continued to be employed during such period, with such payments to be
made by the Company to Executive on a monthly basis (it being understood that
the Company payments to Executive attributable to these benefits will be equal
on an after-tax basis to the monthly premium cost to Executive to purchase such
benefits separately, which shall not exceed the highest risk premium charged by
a carrier having an investment grade or better credit rating); provided,
however, that Executive must continue to satisfy the conditions set forth in
Section 10 in order to continue receiving the benefits provided under this
Section 7(f)(viii).  Executive agrees to
promptly notify the Company of any employment or other arrangement by which
Executive provides services during the benefits-continuation period and of the
nature and extent of benefits for which Executive becomes eligible during such
period which would reduce or terminate benefits under this Section 7(f)(viii);
and the Company shall be entitled to recover from Executive any payments and
the fair market value of benefits previously made or provided to Executive
hereunder which would not have been paid under this Section 7(f)(viii) if the
Company had received adequate prior notice as required by this sentence.”

34.                                 Section
7(g) of the Agreement is amended to read in its entirety as follows:

“(g)  Other Terms Relating to Certain
Terminations of Employment; Delayed Payments Under Section 409A. 
Whether a termination is deemed to be at or within two years after a Change in
Control for purposes of Sections 7(c), (d), (e), or (f) is determined at the
date of termination, regardless of whether the Change in Control had occurred
at the time a notice of termination was given.  In the event Executive’s
employment terminates for any reason set forth in Section 7(b) through (f),
Executive will be entitled to the benefit of any terms of plans or agreements
applicable to Executive which are more favorable than those specified in this
Section 7 (except in the case of annual incentives in lieu of which amounts are
paid hereunder).  Amounts payable under this Section 7 following Executive’s

 12
 

termination of employment, other than those expressly
payable on a deferred basis, will be paid in the payroll period next following
the payroll period in which termination of employment occurs except as
otherwise provided in this Section 7. Anything in this Agreement to the
contrary notwithstanding, payments to be made under this Agreement upon
termination of Executive’s employment which are subject to Section 409A of the
Code shall be delayed for six months following such termination of employment
if Executive is a Specified Employee as defined in Section 8(g) on the date of
his termination of employment.  Any
payment due within such six-month period shall be delayed to the end of such
six-month period. The Company will adjust the payment to reflect the deferred
payment date by multiplying the payment by the product of the six-month CMT
Treasury Bill annualized yield rate as published by the U.S. Treasury for the
date on which such payment would have been made but for the delay multiplied by
a fraction, the numerator of which is the number of days by which such payment
was delayed and the denominator of which is 365. The Company will pay the
adjusted payment at the beginning of the seventh month following Executive’s
termination of employment. Notwithstanding the foregoing, if calculation of the
amounts payable by any payment date specified in this Section 7(g) is not
administratively practicable due to events beyond the control of Executive (or
Executive’s beneficiary or estate) and for reasons that are commercially
reasonable, payment will be made as soon as administratively practicable in
compliance with Section 409A of the Code and the Regulations thereunder.  In the event of Executive’s death during such
six-month period, payment will be made in the payroll period next following the
payroll period in which Executive’s death occurs.”

35.                                 Section
8(c)(i) of the Agreement is amended to read in its entirety as follows:

“(i) The unpaid portion of annual base salary at
the rate payable, in accordance with Section 4(a) hereof, at the date of
Executive’s termination of employment, pro rated through such date of
termination, payable in a lump sum at the time specified in Section 6(d) or
Section 7(g), as the case may be;”

36.                                 Section
8(c)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii)   Reasonable business expenses and disbursements
incurred by Executive prior to Executive’s termination of employment, to be
reimbursed to Executive, as authorized under Section 5(f), in accordance the
Company’s reimbursement policies as in effect at the date of such termination,
payable in a lump sum at the time specified in Section 6(d) or Section 7(g), as
the case may be.”

37.                                 The
following new subsection (g) is added to the end of Section 8 of the Agreement:

“(g)                     “Specified
Employee”    For purposes of this
Agreement, a “Specified Employee” shall mean an employee of the Company who
satisfies the requirements for being designated a “key employee” under Section

 13
 

416(i)(1)(A)(i), (ii) or (iii) of the Code without regard to Section
416(i)(5) of the Code at any time during a calendar year, in which case such
employee shall be considered a Specified Employee for the twelve-month period
beginning on the first day of the fourth month immediately following the end of
such calendar year. Notwithstanding the foregoing, all employees who are
nonresident aliens during an entire calendar year are excluded for purposes of
determining which employees meet the requirements of Section 416(i)(1)(A)(i),
(ii) or (iii) of the Code without regard to Section 416(i)(5) of the Code for
such calendar year. The term “nonresident alien” as used herein shall have the
meaning set forth in Regulations Section 1.409A-1(j).  In the event of any corporate spinoff or
merger, the determination of which employees meet the requirements of Section
416(i)(1)(A)(i), (ii) or (iii) of the Code without regard to Section 416(i)(5)
of the Code for any calendar year shall be determined in accordance with
Regulations Section 1.409A-1(i)(2).”

38.                                 Section
9(b)(iii) of the Agreement is amended to read in its entirety as follows:

“(iii)  The payments provided for in this Section 9(b) shall
be made on the fifteenth day following the date of Executive’s termination of
employment; provided, however, that if the amount of such payments
cannot be finally determined on or before such day, the Company shall pay to
Executive on such day an estimate, as determined in good faith by the Company,
of the minimum amount of such payments and shall pay the remainder of such
payments (together with interest at the rate provided in Section 1274(b)(2)(B)
of the Code) as soon as administratively practicable in compliance with Section
409A of the Code and the Regulations thereunder but in no event later than the
thirtieth day after the date of Executive’s termination of employment subject,
however, to any delay in the payment date as a result of Section 7(g) of this
Agreement (relating to the six-month delay in payment of certain benefits to
Specified Employees as required by Section 409A of the Code).  In the event that the amount of the estimated
payments exceeds the amount subsequently determined to have been due, such
excess shall constitute a loan by the Company to Executive, payable on the
fifteenth day after the demand by the Company (together with interest at the
rate provided in Section 1274(b)(2)(B) of the Code).”

39.                                 The
following new provisions are added to the end of Section 11(a) of the
Agreement:

“Anything in this Agreement to the contrary notwithstanding, the terms
of this Agreement shall be interpreted and applied in a manner consistent with
the requirements of Section 409A of the Code and the Regulations thereunder and
the Company shall have no right to accelerate or make any payment under this
Agreement except to the extent permitted under Section 409A of the Code.  The Company shall have no obligation,
however, to reimburse Executive for any tax penalty or interest payable or
provide a gross-up payment in connection with any tax liability of Executive
under Section 409A of the Code except that this

 14
 

provision shall not apply in the event of the Company’s negligence or
willful disregard in interpreting the application of Section 409A of the Code to
this Agreement which negligence or willful disregard causes Executive to become
subject to a tax penalty or interest payable under Section 409A of the Code nor
shall this provision be interpreted to limit any gross-up payable to Executive
under Section 9(b) of this Agreement.”

40.                                 The
last sentence of Section 11(b) of the Agreement is amended to read as follows:

“Any such payment or reimbursement shall be made in a lump sum in the
month next following the month in which such costs and expenses are incurred
subject to Executive’s submission of receipts for such expenses.”

41.                                 The
second to last sentence in Section 11(c) of the Agreement is amended to read as
follows:

“Subject to Section 11(b) of this Agreement, the Company shall bear all
costs and expenses arising in connection with any arbitration proceeding
pursuant to this Section 11 and shall pay such costs and expenses in the tax
year in which incurred.”

42.                                 The
following new clause is added to the end of Section 11(d) of the Agreement
before the period:

“except as otherwise provided in Sections 5(g) and 7(g) of this
Agreement (concerning interest payable with respect to delayed payments under
Section 409A of the Code).”

IN
WITNESS WHEREOF, Executive has hereunto set his hand and the
Company has caused this instrument to be duly executed as of the 17th day of
October, 2006.

	
   

  	
  IMS HEALTH INCORPORATED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert H.
  Steinfeld

  	
   

  
	
   

  	
  Name: Robert H.
  Steinfeld

  
	
   

  	
  Title: Senior
  Vice President, General Counsel and Corporate           Secretary

  
	
   

  	
   

  
	
   

  	
  /s/ David R.
  Carlucci

  	
   

  
	
   

  	
  David R.
  Carlucci

  

 

 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]