Document:

EX-10.27

 Exhibit 10.27 
  

			
	 

		 l Van De Graaff

Burlington, MA 01803 USA
  

Direct +1 78l-425-4600
 Fax +1
781-425-4696

 April 20, 2015             

Mr. Paul M. Meister 
 c/o Liberty Lane Partners, LLC

 One Liberty Lane 
 Hampton, NH 03842 

 

	 	Re:	Continued Service on the Board of Directors 

 Dear Paul: 

Further to your continued service on the boards of directors (the “Boards”) of inVentiv Group Holdings, Inc., inVentiv Midco
Holdings, Inc., inVentiv Holdings, Inc. and inVentiv Health, Inc. (collectively, the “Companies”), this letter agreement, together with Annex A hereto, sets forth the terms and conditions for your service as a member of the
Boards and their committees. 
 This letter agreement (together with all related incentive plan award agreements) constitutes the entire
agreement between you and the Companies in respect of the subject matter contained herein and supersedes all prior agreements, understandings and arrangements, whether oral or written, by any representative of any party hereto in respect of such
subject matter. 
 This letter agreement may not be amended or waived except by an instrument in writing signed by each of the parties to
this letter agreement. This letter agreement will be governed by, and construed in accordance with, the internal laws of the State of New York without giving effect to any choice of law principles that would require or permit the application of laws
of another jurisdiction. This letter agreement may be executed in any number of counterparts, each of which will be an original, and all of which, when taken together, will constitute one and the same instrument. Delivery of an executed signature
page of this letter agreement by facsimile transmission will be effective as delivery of a manually executed counterpart hereof. 

[Signature Page Follows] 

PM DIRECTOR LETTER 

			
	

		 l Van De Graaff

Burlington, MA 01803 USA
  

Direct +l 78l-425-4600
 Fax +l
78l-425-4696

  
 Please confirm that the foregoing is
our mutual understanding by signing and returning to the Companies an executed counterpart of this letter agreement. 
  

			
	Very truly yours,
		
	By:		 /s/ Eric R. Green

	Name:		Eric R. Green
	Title:		General Counsel and Secretary

  

	
	Accepted and agreed to as of the date first written above by:
	
	 /s/ Paul Meister

	Paul Meister

  
 PM DIRECTOR LETTER 

			
	

		 l Van De Graaff

Burlington, MA 01803 USA
  

Direct +l 78l-425-4600
 Fax +l
78l-425-4696

  
 Annex A 

Terms of Service 
  

			
	Scope		 •       Subject to the “Term of Service”
paragraph below, you will serve as:
  

•       Director of the Companies

 

•       You are expected to attend or participate in all regular and special
meetings of the Companies’ board of directors.
  

•       You agree to comply with all policies and guidelines applicable to
directors of the Companies, including the inVentiv Health, Inc. Code of Business Ethics.

		
	 Compensation &

Expenses
		 •       You will be reimbursed for reasonable and
documented out-of-pocket expenses you incur in connection with serving as a director or a member of any committee of the boards of directors of the Companies, including documented travel expenses incurred to
attend meetings incident to your duties and in accordance with the standard practices of the Companies, as in effect from time to time.
  

•       As compensation for serving as a director of the Companies, from
September 24, 2014 and for as long as you serve in that capacity, you will receive an annual fee of $70,000 that will be payable at your direction in equal quarterly installments on the first business day of each calendar quarter.

 

•       As additional compensation for your services as a director of the
Companies, Group Holdings will issue to you the one-time stock option awards as set forth in the forms attached hereto as Annex C.

		
	Indemnity and D&O Insurance		 •       That certain Indemnification Agreement dated as of August 4, 2010, by and among the
Companies and you, a copy of which is attached hereto as Annex B (the “Indemnification Agreement”), which Indemnification Agreement shall remain in effect in accordance with its terms. The Companies will provide and maintain
directors’ and officers’ liability insurance coverage for you in respect of the period for which you are a director of the Companies at such levels, for such risks and subject to such terms, as the Companies provide and maintains such
cover for its directors generally. To the extent that these provisions conflict with the provisions contained in the Indemnification Agreement, the Indemnification Agreement shall govern.

		
	Term of Service		 •       You will serve as a director of the Companies on an annual basis, subject to your
removal, non-reelection or non-reappointment with or without cause in accordance with applicable law and the organizational documents of the

  
 PM DIRECTOR LETTER 

			
	

		 l Van De Graaff

Burlington, MA 01803 USA
  

Direct +l 78l-425-4600
 Fax +l
78l-425-4696

  

			
		
			 Companies or your earlier death, permanent disability or resignation.

		
			 •       Upon any termination of your service as a director of the Companies, you will
confirm the foregoing by submitting written confirmation of such resignations to the Companies.

		
	Withholding		 •       To the extent applicable, all payments hereunder will be subject to any required
withholding of Federal, state and local taxes pursuant to any applicable law or regulation.

 *      *      * 

  
 PM DIRECTOR LETTEREX-10.28

 Exhibit 10.28 

FIRST AMENDMENT 
 TO THE

 EMPLOYMENT, SEVERANCE and NON-COMPETITION AGREEMENT 

BETWEEN MICHAEL BELL AND INVENTIV HEALTH, INC. 

This First Amendment to the EMPLOYMENT, SEVERANCE AND NON-COMPETITION AGREEMENT
(“Agreement”), made and entered into as of September 24, 2014, by and between MICHAEL BELL (the “Employee”) and INVENTIV HEALTH, INC. (“inVentiv”), is hereby amended as set forth below. All capitalized terms used
in this Amendment and not defined herein shall have the same meaning as in the Agreement or the document referenced in the Agreement. This Amendment is made and entered into as of June 18, 2015 (“Effective Date”). 

WHEREAS, the parties desire to amend the Agreement as set forth herein; and 

WHEREAS, in consideration for (i) the mutual covenants and promises contained herein and (ii) other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged. 
 NOW, THEREFORE, inVentiv and Employee, intending to be legally bound,
hereby agree as follows: 
  

	1.	Section 2(c)(i) and (ii) are deleted in their entirety and replaced with the following: 

  

	 	(i)	2014 Grant. Employee shall receive five thousand three hundred and sixteen (5,316) stock options under the inVentiv Group Holdings, Inc. 2010 Equity Incentive Plan (the “EIP”), a true copy
of which is attached as Exhibit D. Such grant will be fully vested on the grant date and shall have an exercise price equal to the fair market value of the subject shares on the grant date as determined under the terms of the EIP. Such
grant is expected to be granted in June 2015. 

  

	 	(ii)	2015 Grant and thereafter. Commencing in the 2015 fiscal year and continuing each year thereafter provided Employee is CEO on the grant date, the Employee shall receive additional annual grants of seven
thousand five hundred (7,500) stock options under the EIP, with twenty-five percent (25%) of such options to vest on the last day of each calendar quarter following the grant date. Such stock options shall have an exercise price equal to
the fair market value of the shares on the date of grant as determined under the terms of the EIP. The annual grants commencing in 2015 and thereafter are expected to be granted as of September 24th of the applicable fiscal year.

  

	2.	Section 2(d) is deleted in its entirety and replaced with the following: 

  

	 	“(i)	2014 Grant. Employee shall receive six thousand (6,000) restricted stock units under the EIP (“2014 Grant”). 

	 	(ii)	2015 Grant and thereafter. Commencing in the 2015 fiscal year and continuing each year thereafter provided Employee is CEO on the grant date, the Employee shall receive additional annual grants of restricted
stock units under the EIP equal to approximately one million three hundred thirty-five thousand dollars ($1,335,000.00) at the date of grant which shall vest in accordance with the following terms: 

 

	 	(A)	The 2014 Grant and one-half (1/2) of the annual grant commencing in 2015 (i.e., six hundred sixty-seven thousand five hundred ($667,500.00)) shall vest, in accordance with the terms of the EIP, upon the realization
by the Investors of Cash Proceeds with respect to Investor Shares of at least one times (1.0x) the sum of the Initial Investment plus any follow-on investment in Investor Shares made before the receipt of such Cash Proceeds. Such one-half
(1/2) of the annual grants commencing in 2015 and thereafter are expected to be granted as of September 24th of the applicable fiscal year. 

  

	 	(B)	One-half (1/2) of the annual grant commencing in 2015 (i.e., six hundred sixty-seven thousand five hundred ($667,500.00)) shall vest upon the realization by the Investors of Cash Proceeds with respect to Investor
Shares of an amount greater than or equal to the higher of (i) at least one times (1.0x) the sum of the Initial Investment plus any follow-on investment in Investor Shares made before the receipt of such Cash Proceeds, and
(ii) (a) the fair market value of one share of common stock of inVentiv Group Holdings, Inc. (as determined by the Board of Directors of inVentiv Group Holdings, Inc. in good faith based on annual valuations by a nationally recognized
valuation firm), such value being measured as of the time of grant, multiplied by (b) the total number of Investor Shares granted, issued or otherwise delivered to the Investors prior to the date of grant, regardless of whether such shares are
held by an Investor as of the date of grant. Such one-half (1/2) of the annual grants commencing in 2015 are expected to be granted in the second fiscal quarter of the applicable fiscal year. 

Any capitalized terms under this Section 2(d), not otherwise defined under the Agreement, shall have the meaning provided under the
EIP and any applicable award agreement executed thereunder.” 
  

	2.	Section 2(e) is deleted in its entirety and replaced with the following: 

  

	 	(e)	 Board Membership. In the event that Employee ceases to be CEO of inVentiv, but continues to provide services to the Company as Chairman of the
Board or as a member of the Board, Employee’s “Employment” as such term is defined under the EIP shall be deemed to be continuing and Employee shall not be deemed to have a termination of Employment solely for purposes of determining
whether 

  
 2 

	 	
any post-Employment period for exercising stock options issued pursuant to the EIP has commenced. 

  

	3.	Section 4(a)(v) is deleted in its entirety and replaced with the following: 

“with respect to non-vested equity and non-equity awards, the applicable plans and award agreements will govern vesting, exercise periods
and payments due under such applicable plans and award agreements; provided, however, that (1) any unvested stock options scheduled to vest within the six (6) month period following the Date of Termination as an Employee shall vest on the
Date of Termination and (2) any awards granted pursuant to Section 2(d) would remain outstanding and eligible to vest in accordance with their terms; plus” 

4      Counterparts. This Amendment may be executed in two (2) or more counterparts, each of which shall be
deemed to be an original but all of which together will constitute one (1) and the same instrument. 
 IN WITNESS WHEREOF, the
parties hereto have executed this First Amendment to the Agreement as of the Effective Date. 
  

			
	inVentiv Health, Inc. 
		
	By:		 /s/ Eric Green

	Name:		Eric Green
	Title:		General Counsel
		
	By:		 /s/ Michael Bell

			Michael Bell

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00246-of-00352.parquet"}]]