Exhibit 10.16
September 30, 2021
BY EMAIL
Kevin P. Shone
27 Grey Lane
Lynnfield, MA 01940
kshone@definitivehc.com
Dear Kevin:
This letter agreement (the “Agreement”) confirms our agreement relating to your separation from employment with Definitive Healthcare, LLC (the “Company”).
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Upon the earlier of the IPO or the Effective Date of this Agreement, you will have the following vested units and will forfeit the remainder of your units:
| Total Vested Units upon IPO or Departure |
Previously Vested Time-Vesting Units | 75,833.25 |
Converted and Vested Performance-Vesting Units | 75,833.25 |
Vested Remaining Time-Vesting Units | 37,916.63 |
Total Vested Units | 189,583.13 |
Forfeited Units | 113,749.87 |
You acknowledge and agree that the Vested Units remain subject to terms and conditions of the AIDH Management Holdings, LLC Amended and Restated Limited Liability Company Agreement, dated as of July 16, 2019, as may be amended from time to time, and the AIDH Topco, LLC Agreement, dated as of July 16, 2019, as may be amended from time to time. The Vested Units comprise part of the Separation Payments.
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| Very truly yours, |
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| Definitive Healthcare, LLC |
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| /s/ David Samuels |
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| Name: David Samuels |
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| Title: Chief Legal Officer |
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ACCEPTED AND AGREED: |
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/s/ Kevin P. Shone |
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Kevin P. Shone |
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September 30, 2021 |
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Date Signed |
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