First Amendment to IMS Health Incorporated Employee Protection Plan (June 1, 2016)
IMS Health Incorporated has amended its Employee Protection Plan, effective June 1, 2016. The amendment clarifies that the merger agreement between IMS Health Holdings, Inc. and Quintiles Transnational Holdings Inc., including its announcement and completion, will not be considered a "Change in Control" under the plan. All other terms of the plan remain unchanged. The amendment was executed by the company's Leadership Development and Compensation Committee.
Exhibit 10.2
FIRST AMENDMENT
TO THE
IMS HEALTH INCORPORATED EMPLOYEE PROTECTION PLAN
(as amended and restated effective January 1, 2014)
Effective as of the date written below, the IMS Health Incorporated Employee Protection Plan (the “Plan”), as amended and restated effective January 1, 2014 is amended as follows:
The definition of “Change in Control” is amended to include the following paragraph immediately after subparagraph (e):
“Notwithstanding anything in the Plan to the contrary, in no event shall the execution of the Agreement and Plan of Merger by and between IMS Health Holdings, Inc. and Quintiles Transnational Holdings Inc. dated May 3, 2016, as may be amended, the announcement of the potential transaction contemplated by such agreement nor the consummation of the transaction contemplated by such agreement, constitute a Change in Control for purposes of the Plan.”
In all other respects the Plan remains in full force and effect.
The Leadership Development and Compensation Committee of the IMS Health Holdings, Inc. Board of Directors has caused this instrument of amendment to be executed this first day of June, 2016.
Very truly yours, | |
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IMS HEALTH INCORPORATED | |
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By: | /s/ Harvey A. Ashman |
| Name: Harvey A. Ashman |
| Title: Secretary |