Telerik documentation sucks so I found out a better way of doing this without writing tons of code:
<ItemTemplate>
<asp:CheckBox
ID="cb_Selected"
Enabled="true"
runat="server"
onclick='<%# "cbClicked(\"" + Eval("ValuesFromDataSource") + "\", this);"/>
</ItemTemplate>
And the JS code would like this:
function cbClicked(key, chk) {
}
So - this was way much cleaner code then examples and demos in telerik.