Document:

Exhibit
10.24

RESTRICTED STOCK
UNIT GRANT AGREEMENT

RESTRICTED STOCK
UNITS GRANTED

UNDER THE 1998 IMS HEALTH INCORPORATED

NON-EMPLOYEE DIRECTORS’ STOCK INCENTIVE PLAN

This Restricted
Stock Unit Grant Agreement, including the Terms and Conditions provided herewith
(together, the “Agreement”), confirms the grant of Restricted Stock Units (“RSUs”)
as of                                                 
the “Grant Date”) by the Compensation and Benefits Committee (the “Committee”)
of the Board of Directors of IMS Health Incorporated (the “Company”) as
follows:

	
  Participant Granted RSUs:

  	
                                                   

  
	
   

  	
   

  
	
  Number of RSUs Granted:

  	
                                                   

  
	
   

  	
   

  
	
  Scheduled Lapse
  Date(s):

  	
                                                   

  
	
   

  	
   

  
	
   

  	
                                                   

  
	
   

  	
   

  
	
   

  	
                                                   

  

 

The RSUs are
granted under the 1998 IMS Health Incorporated Non-Employee Directors’ Stock
Incentive Plan (the “Plan”).  The RSUs
are subject to all the terms and conditions of the Plan, which is provided
herewith and incorporated herein by reference, and are subject to the terms and
conditions of this Agreement.

Participant
acknowledges and agrees that (i) until an RSU has become vested in accordance
with Section 2(a) hereof, such RSU will be subject to a risk of forfeiture to
the extent provided in such Section 2, and (ii) until the later of the time
each RSU becomes vested or the end of any additional period of deferral
permitted under applicable law and elected by Participant in accordance with
Section 4 hereof and such other rules and requirements of the Company as may be
established from time to time in the Committee’s sole discretion, such RSU
shall be generally nontransferable, as provided in Section 3 hereof.

IN WITNESS
WHEREOF, IMS Health Incorporated has caused this Agreement to be executed by
its officer thereunto duly authorized.

By
the Company’s signature, and Participant’s acceptance of these RSUs (as
described in the attached Terms and Conditions), the Company and Participant
agree to the terms of this Agreement.  If
Participant makes any deferral election with respect to the RSUs granted under
this Agreement, Participant must fill out a separate form or forms with respect
to such deferral election and return it to the Executive Compensation &
Equity Plans Department by the applicable deadline specified by the Company.

	
   

  	
  IMS HEALTH INCORPORATED

  
	
   

  	
   

  
	
   

  	
  David R.
  Carlucci

  
	
   

  	
  Chairman &
  Chief Executive Officer

  

 

TERMS AND
CONDITIONS

OF RESTRICTED STOCK UNITS

1.             Restricted Stock
Units

Each Restricted
Stock Unit (“RSU”) represents a generally nontransferable, conditional right to
receive one share of the Company’s Common Stock (a “Share”) at a specified
future date, together with a right to receive payments equivalent to dividends
paid on Shares (“Dividend Equivalents”) and other rights, subject to the terms
and conditions of the 1998 IMS Health Incorporated Non-Employee Directors’
Stock Incentive Plan (the “Plan”) and this Agreement.  RSUs are bookkeeping units, and do not
represent ownership of Shares or any other equity security.  The Company shall maintain a bookkeeping
account on behalf of Participant (the “Account”) reflecting the number of RSUs
then credited to Participant hereunder as a result of this grant of RSUs and
any crediting of additional RSUs to Participant pursuant to payments of
Dividend Equivalents under Section 5. 
For purposes of this Agreement, the term RSUs includes RSUs as to which
the risk of forfeiture under Section 2 has lapsed but which remain subject to
Participant’s election to defer settlement.

2.             Vesting and
Forfeiture

(a)           RSUs granted hereunder
shall vest (meaning that the risk of forfeiture of such RSUs under this Section
2 shall lapse) at the scheduled lapse date set forth on the cover page of this
Agreement, except that all RSUs shall vest on an accelerated basis upon the
earliest of (i) the termination of a Participant’s service as a director of the
Company by reason of death or Disability; (ii) the termination of a Participant’s
service as a director of the Company for any reason other than death or
Disability if the Committee (excluding any member thereof whose own RSU is at
issue) has specifically approved the accelerated vesting of the RSUs upon such
termination of service, or (iii) the occurrence of a Change in Control if the
Committee has specifically approved the accelerated vesting of the RSUs upon
such Change in Control.  Each RSU
credited as a result of Dividend Equivalents on a forfeitable RSU and any cash
amount payable as Dividend Equivalents on a forfeitable RSU under Section 5(a)
shall vest at the time of vesting of the forfeitable RSU which gives rise, directly
or indirectly, to the crediting of such Dividend Equivalent RSU or cash.  Each RSU credited as a result of Dividend
Equivalents on a then non-forfeitable RSU under Section 5(a) shall be fully
vested and non-forfeitable from and after the date of such crediting, and any
cash amount credited as Dividend Equivalents on a then on-forfeitable RSU shall
be deemed to be fully vested and non-forfeitable at the time it is credited and
shall be paid at the time of settlement.

(b)           In the event of
Participant’s termination of service as a director of the Company, all RSUs
that are not vested at or prior to the time of such termination shall be
forfeited, unless otherwise determined by the Committee.  Thus, upon termination of a Participant’s
service as a director of the Company for reasons other than death or
Disability, unvested RSUs generally will be forfeited.

3.             Nontransferability

Until the later of
the time each RSU becomes vested or the end of any additional period of
deferral elected by Participant in accordance with Section 4 below, such RSU
shall not be transferable or assignable other than by will or by the laws of
descent and distribution or to a designated Beneficiary in the event of
Participant’s death, and no such transfer shall be effective to bind the
Company unless the Committee shall have been

furnished with a
copy of such will, Beneficiary designation, or such other evidence as the
Committee may deem necessary to establish the validity of the transfer.

4.             Settlement and
Election to Defer Settlement

RSUs granted
hereunder, together with RSUs credited as a result of Dividend Equivalents,
shall be settled by delivery of one Share for each RSU being settled.  Settlement of an RSU granted hereunder shall
occur upon the lapse of the risk of forfeiture of such RSU under Section 2,
except settlement shall be deferred if Participant has validly elected to defer
settlement in accordance with rules and requirements established by the Company
from time to time in its sole discretion and this Section 4.  Settlement of RSUs that directly or
indirectly result from Dividend Equivalents on RSUs granted hereunder shall
occur at the time of settlement of the granted RSU.

Deferrals, if
permitted, shall comply with requirements under Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”). 
Participant shall make elections relating to such deferral at times
meeting the requirements of Code Section 409A, using forms provided by the
Company (such forms are separate from this Agreement).  At any time that RSUs are treated as deferred
compensation subject to Code Section 409A, (i) they will be subject to
accelerated settlement under Section 10(b) of the Plan and Section 2(a) of this
Agreement only if the Change in Control constitutes a change in the ownership
or effective control of the Company, or in the ownership of a substantial
portion of the assets of the Company, within the meaning of Code Section
409A(a)(2)(A)(v), and (ii) settlement may not be accelerated in the discretion
of the Company (except to the extent permitted under Proposed Treasury
Regulation § 1.409A-3(h)(1) and (2)).  At
such time that RSUs are not treated as deferred compensation subject to Code
Section 409A and Participant has no further right to elect deferral in
conformity with Code Section 409A, RSUs shall be required to be settled
promptly upon the lapse of the risk of forfeiture, and in any event such
settlement must take place within 60 days after such lapse.  It is understood that Code Section 409A and
regulations thereunder may make it impractical for any such deferral to take
place.  Other provisions of this
Agreement notwithstanding, under U.S. federal income tax laws and Treasury
Regulations (including proposed regulations) as presently in effect or
hereafter implemented, (i) if the timing of any distribution in settlement of
RSUs would result in Participant’s constructive receipt of income relating to
the RSUs prior to such distribution, the date of distribution will be the
earliest date after the specified date of distribution that distribution can be
effected without resulting in such constructive receipt; and (ii) any rights of
Participant or retained authority of the Company with respect to RSUs hereunder
shall be automatically modified and limited to the extent necessary so that
Participant will not be deemed to be in constructive receipt of income relating
to the RSUs prior to the distribution and so that Participant shall not be
subject to any penalty under Section 409A.

Any elective
deferral will be subject to such additional terms and conditions as the
Committee may impose.

5.             Dividend
Equivalents and Adjustments

(a)           Dividend Equivalents
shall be paid or credited on RSUs (other than RSUs that, at the relevant record
date, previously have been settled or forfeited) as follows:

(i)            Cash
Dividends.  If the Company
declares and pays a dividend or distribution on Common Stock in the form of
cash and the record date for such cash dividend is prior to the settlement of
the associated RSU, then a Participant shall be entitled to Dividend
Equivalents calculated at the time of such

settlement and
credited and paid in cash at settlement, without interest.

(ii)           Non-Share
Dividends.  If the Company
declares and pays a dividend or distribution on Common Stock in the form of
property other than Shares, then a number of additional RSUs shall be credited
to Participant’s Account as of the payment date for such dividend or
distribution equal to the number of RSUs credited to the Account as of the
record date for such dividend or distribution multiplied by the Fair Market
Value of such property actually paid as a dividend or distribution on each
outstanding Share at such payment date, divided by the Fair Market Value of a
Share at such payment date.

(iii)          Common Stock
Dividends and Splits.  If the
Company declares and pays a dividend or distribution on Common Stock in the
form of additional Shares, or there occurs a forward split of Common Stock,
then a number of additional RSUs shall be credited to Participant’s Account as
of the payment date for such dividend or distribution or forward split equal to
the number of RSUs credited to the Account as of the record date for such
dividend or distribution or split multiplied by the number of additional Shares
actually paid as a dividend or distribution or issued in such split in respect
of each outstanding Share.

(b)           The number of RSUs
credited to Participant’s Account shall be appropriately adjusted, in order to
prevent dilution or enlargement of Participant’s rights with respect to RSUs,
to reflect any changes in the outstanding Shares resulting from any event
referred to in Section 9(a) of the Plan, taking into account any RSUs credited
to Participant in connection with such event under Section 5(a) hereof.

6.             Other Terms
Relating to RSUs

(a)           The number of RSUs
credited to a Participant’s Account shall include fractional RSUs calculated to
at least three decimal places, unless otherwise determined by the
Committee.  Upon settlement of RSUs,
Participant shall be paid, in cash, an amount equal to the value of any
fractional share that would have otherwise been deliverable in settlement of
such RSUs, unless the Company arranges to deliver shares to an account of
Participant to which fractional shares may be credited without requiring the
Company to in fact issue a fractional share.

(b)           An individual statement
of each Participant’s Account will be issued to each Participant not less
frequently than annually.  Such
statements shall reflect the amount of RSUs credited to Participant’s Account,
transactions therein during the period covered by the statement, and other
information deemed relevant by the Vice President of Global Human
Resources.  Such a statement may be
combined with or include information regarding other plans and compensatory
arrangements relating to Participant.  A
Participant’s statements shall be deemed a part of this Agreement, and shall
evidence the Company’s obligations in respect of RSUs, including the number of
RSUs credited as a result of Dividend Equivalents (if any); provided, however,
that any statement containing an error shall not represent a binding obligation
to the extent of such error.

7.             Miscellaneous

(a)           This Agreement shall be
legally binding when executed by the Company and accepted by Participant as
described below, provided that no election of

Participant will
be binding unless Participant has accepted the Agreement and the terms of the
Plan (as described below).

(b)           This Agreement shall be
binding upon the heirs, executors, administrators and successors of the
parties.  This Agreement constitutes the
entire agreement between the parties with respect to the RSUs, and supersedes
any prior agreements or documents with respect to the RSUs.  No amendment, alteration, suspension,
discontinuation or termination of this Agreement which may impose any
additional obligation upon the Company or impair the rights of Participant with
respect to the RSUs shall be valid unless in each instance such amendment,
alteration, suspension, discontinuation or termination is expressed in a written
instrument duly executed (or accepted electronically, if permitted in the sole
discretion of the Committee) in the name and on behalf of the Company and by
Participant.

(c)           Any Beneficiary
designation made by Participant in accordance with this provision may be
changed from time to time, without the consent of any previously designated
Beneficiary (but subject to any spousal consent as may be required) by filing
with the Executive Compensation & Equity Plans Department a notice of such
change.   The change of Beneficiary
designation shall become effective upon receipt by the Executive Compensation
& Equity Plans Department.  In the
event Participant’s Beneficiary would otherwise become entitled to a
distribution hereunder, and all Beneficiaries designated by Participant are not
then living, or if no valid Beneficiary designation is in effect, Participant’s
estate or duly authorized personal representative shall be deemed to have been
designated by Participant.

(d)           Any provision for
distribution in settlement of Participant’s Account hereunder shall be by means
of bookkeeping entries on the books of the Company and shall not create in
Participant or any Beneficiary any right to, or claim against any, specific
assets of the Company, nor result in the creation of any trust or escrow
account for Participant or any Beneficiary. 
Participant or any Beneficiary entitled to any distribution hereunder
shall be a general creditor of the Company.

(e)           Capitalized terms used
in this Agreement but not defined herein shall have the same meanings as in the
Plan.  If there is any conflict between
the provisions of this Agreement and the provisions of the Plan, the provisions
of the Plan shall govern, except as otherwise specifically provided herein.

*  * 
*  *  *

You
do not need to do anything if you want to accept your RSUs on the terms set out
in this Agreement.  If
you do not want to accept your RSUs on the terms set out in this Agreement,
please write to the Company at the address below, marking your envelope to the
attention of Kristin Johnson, no later
than                      .

IMS Health

Executive Compensation & Equity Plans

660 W. Germantown Pike

Plymouth Meeting, Pennsylvania 19462

U.S.A.

Your RSUs will then be cancelled.  If you do not write to us telling us that you
do not want your RSUs by                                  ,
you will have accepted your RSUs and agreed to the terms set out in this
Agreement.  You
should retain a copy of this Agreement for your records.

 

	
  PARTICIPANT:

  	
   

  	
  Date:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
				

 

[For HR Use Only:
Date Received by Executive Compensation & Equity Plans Department:Exhibit
10.29

Compensation of Directors

Board members who are not employees
of IMS receive compensation for Board service. 
Mr. Carlucci is the only IMS employee now serving on the Board.  This summarizes the policy of IMS for
compensation payable to non-employee Directors as in effect at December 19,
2006.

	
  Annual Retainer:

  	
  $45,000, payable in quarterly installments

  
	
   

  	
   

  	
   

  
	
  Audit Committee Chair Annual Retainer:

  	
  $15,000 annually, payable in quarterly
  installments; increased from $10,000 effective October 2006

  
	
   

  	
   

  	
   

  
	
  Other Committee Chairman Annual Retainer:

  	
  $10,000 annually, payable in quarterly
  installments

  
	
   

  	
   

  	
   

  
	
  Lead Director Annual Retainer:

  	
  $35,000 annually, payable in quarterly
  installments; increased from $30,000 effective October 2006

  
	
   

  	
   

  	
   

  
	
  Meeting Attendance Fees:

  	
  $1,500 for each Board meeting, $1,500 for each
  Board committee meeting

  
	
   

  	
   

  	
   

  
	
  Restricted Stock Units (RSUs):

  	
  Effective 2007, Directors will be awarded:

  	 

	
   

  	
  ·

  	
  2,620
  RSUs annually; increased from 2,250 RSUs effective October, 2006; these RSUs
  vest in four equal annual installments beginning one year after grant,
  subject to acceleration upon death, disability or upon termination in other
  circumstances as determined by the Human Resources Committee;

  	 

	
   

  	
  ·

  	
  Grant
  of RSUs with a value of $70,000 annually; increased from $50,000 in value
  effective October 2006; these RSUs vest in four equal annual installments
  beginning one year after grant, subject to acceleration upon death,
  disability or termination in other circumstances as determined by the
  Committee.

  	 

	
   

  	
  ·

  	
  Upon
  the initial election of a Director, a one-time grant of RSUs with a value of
  $40,000; these RSUs vest five years after grant, subject to acceleration upon
  death, disability or termination in other circumstances as determined by the
  Committee. Prior to December 2006, this grant to a Director upon initial
  election was in the form of restricted stock.

  	 

	
   

  	
  ·

  	
  RSUs
  are settled by delivery of shares, and until that time do not have voting
  rights but carry a right to payment of dividend equivalents, subject to
  vesting of the RSUs and payable upon settlement.

  	 

						

 

 

In
2006, we granted RSUs in place of stock options as the form of annual equity
grant to Directors.  Previously,
Directors received a grant of 7,000 stock options annually, which vested and
became exercisable in three equal annual installments or earlier upon
termination of service by death, disability or retirement or upon termination
in other circumstances as determined by the Human Resources Committee, and
expired seven years after grant or earlier following termination of service.

Directors may elect to defer all or part of their
compensation under our Non-Employee Directors’ Deferred Compensation Plan, a
non-qualified plan. Under this plan, the participating Directors may direct deferrals
to an account to be credited as deferred cash or deferred share units. The
number of share units acquired is determined by dividing the cash amount
deferred by 100% of the fair market value of the stock at the deferral date. A
feature of the Plan permitting deferral of cash compensation into stock options
is not available in 2006 and 2007. Deferrals of restricted stock units are also
permitted.  Dividend equivalents are
credited on share units at the same rate as dividends are paid on Common Stock.  Deferrals are non-forfeitable.

If there is a change in control of IMS, Directors’ stock
options, restricted stock or restricted stock units generally will become
vested. For this purpose, the term “change in control” has the same meaning as
under the Change-in-Control Agreements, described in the Company’s proxy
statement for its 2006 Annual Meeting of Shareholders, filed with the
Securities and Exchange Commission on March 24, 2006.

Expenses for attending Board and committee meetings and
fulfilling other duties as directors are reimbursed by IMS.

The Board of Directors has adopted share ownership
guidelines for non-employee Directors because it believes that each
non-employee Director should maintain a meaningful investment in IMS.

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