<PAGE>

                                                                    Exhibit 10.2

                          PHARMA SERVICES HOLDING, INC.
                        4709 CREEKSTONE DRIVE, SUITE 200
                          DURHAM, NORTH CAROLINA 27703


Date


Name
Site Code

Re:  Stock Option

Dear ___________________,

We are pleased to inform you that you have been granted an option ("Option") to
purchase shares of common stock ("Shares") of Pharma Services Holding, Inc. (the
"Company") pursuant to the Company's Stock Incentive Plan (the "Plan") and on
the terms and conditions set forth below. On September 25, 2003, Quintiles
Transnational Corp. ("Quintiles") became an indirect wholly-owned subsidiary of
the Company.

1.       Number of Shares subject to Option. ________ Shares.

2.       Exercise Price per Share. $__________

3.       Vesting. The Option will vest and become exercisable as to 20% of the
         total number of Shares subject to the Option on each anniversary of
         your hire date from _______ through ______, provided that the Option
         will become fully vested and exercisable upon a "Sale of the Company"
         (as provided in Section 9 of the Plan). However, in no event will any
         portion of the Option that is not vested and exercisable at the time of
         your termination of employment with the Company and its subsidiaries
         for any reason become vested and exercisable following such
         termination.

4.       Termination of Option. The Option will terminate as provided in Section
         5(b) of the Plan.

5.       Restrictions on Shares. Any Shares that you acquire upon exercise of
         the Option will generally be nontransferable, and subject to such other
         restrictions as contained in Section 8 of the Plan.

6.       Taxes. A separate information statement describing the tax
         considerations relating to your option grant will be provided to you.


<PAGE>

7.       Subject to Plan. The Option is being granted pursuant to the Plan, a
         copy of which is attached, and is subject to the terms of the Plan in
         all respects.

8.       Long Term Incentive. This option that is granted to you, along with the
         Shares that you purchase pursuant to the accompanying letter, will
         serve as the only long-term incentive compensation that will be made
         available to you. Quintiles will of course continue to provide for
         annual cash bonus opportunities.

9.       Acknowledgement. You acknowledge: (i) that the Plan is discretionary in
         nature and may be suspended or terminated by the Company at any time;
         (ii) that each grant of an Option is a one-time benefit, which does not
         create any contractual or other right to receive future grants of
         Options, or benefits in lieu of Options; (iii) that all determinations
         with respect to any such future grants, including, but not limited to,
         the times when Options shall be granted, the number of shares subject
         to each Option, the Option price, and the time or times when each
         Option shall be exercisable, will be at the sole discretion of the
         Committee; (iv) that your participation in the Plan shall not create a
         right to further employment with the Company and shall not interfere
         with the Company's or your ability to terminate your employment
         relationship at any time with or without cause; (v) that your
         participation in the Plan is voluntary; (vi) that the value of the
         Option is an extraordinary item of compensation which is outside the
         scope of your employment contract, if any; (vii) that the Option is not
         part of normal or expected compensation for purposes of calculating any
         severance, resignation, redundancy, end of service payments, bonuses,
         long-service awards, pension or retirement benefits or similar
         payments; and (viii) that this award, along with the opportunity to
         purchase shares as set forth in the accompanying letter, is a
         comparable replacement for the long term incentives which were provided
         under the Quintiles Executive Compensation Plan as in effect prior to
         the Company's acquisition of Quintiles.

10.      Employee Data Privacy. As a condition of the grant of Option, you
         consent to the collection, use and transfer of personal data as
         described in this paragraph 11. You understand that the Company and its
         Affiliates hold certain personal information about you including, but
         not limited to, your name, home address and telephone number, date of
         birth, social security number, salary, nationality, job title, shares
         of common stock or directorships held in the Company, details of all
         Options or other entitlement to shares of common stock awarded,
         cancelled, exercised, vested, unvested or outstanding in your favor,
         for the purpose of managing and administering the Plan ("Data"). You
         further understand that the Company and/or its Affiliates will transfer
         Data amongst themselves as necessary for the purposes of
         implementation, administration and management of your participation in
         the Plan, and that the Company and/or any of its Affiliates may each
         further transfer Data to any third parties assisting the Company in the
         implementation, administration and management of the Plans. You
         understand that these recipients may be located in your country of
         residence or elsewhere, such as the United States. You authorize them
         to receive, possess, use, retain and transfer Data in electronic or
         other form, for the purposes of implementing, administering and
         managing your participation in the Plan, including any requisite
         transfer of such Data as may be required for the administration of the
         Plan and/or the subsequent holding shares of common stock on your
         behalf to a broker or other third party with whom the shares acquired
         on exercise may be deposited. You understand that you may, at any time,
         view the Data,

                                       2

<PAGE>

         require any necessary amendments to it or withdraw the consent herein
         in writing by contacting the local human resources representative.

11.      Confidentiality. You agree not to disclose or discuss in any way the
         terms of this offer to or with anyone other than members of your
         immediate family, or your personal counsel or financial advisors (and
         you will advise such persons of the confidential nature of this offer).


                                     * * * *


                                            Sincerely yours,







Agreed to and Accepted by:



----------------------------------------
Executive's Signature -  ___________________ Name
[Please return signed copy of this letter to ____________________, no later than
______________].











                                       3