Document:

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                                                                    EXHIBIT 10.2

                        PAREXEL INTERNATIONAL CORPORATION

                           RESTRICTED STOCK AGREEMENT

      THIS AGREEMENT (the "Agreement") is entered into as of ___________, 200_
(the "Award Date") by and between PAREXEL International Corporation, a
Massachusetts corporation (the "Company") and ____________, an employee of the
Company, hereinafter referred to as the "Participant."

      WHEREAS, the Company has adopted the PAREXEL International Corporation
2005 Stock Incentive Plan (as it may be amended from time to time, the "Plan"),
the terms of which are hereby incorporated by reference and made a part of this
Agreement; and

      WHEREAS, Section 7 of the Plan provides for the issuance of awards of the
Company's common stock, par value $0.01 per share ("Common Stock"), subject to
certain restrictions ("Restricted Stock"); and

      WHEREAS, the Committee defined in Section 3 of the Plan (the "Committee")
has determined that it would be to the advantage and in the best interest of the
Company and its stockholders to award shares of Restricted Stock to the
Participant pursuant to the terms and conditions set forth herein; and

      NOW, THEREFORE, in consideration of the mutual covenants herein contained
and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

1.1 IN GENERAL. Capitalized terms used but not defined herein shall have the
meanings assigned to such terms in the Plan.

1.2 "RESTRICTIONS" shall mean the restrictions on sale or other transfer set
forth in Section 4.2 and the exposure to forfeiture set forth in Section 3.1.

                                   ARTICLE II
                             RESTRICTED STOCK AWARD

2.1 AWARD OF RESTRICTED STOCK. In consideration of the Participant's agreement
to remain in the employ of the Company, in exchange for the promises contained
herein, and for other good and valuable consideration which the Committee has
determined exceeds the aggregate par value of the shares of Common Stock subject
to the Award (as defined below), as of the Award Date, the Company issues to the
Participant the number of shares of Restricted Stock set forth on the signature
page hereof (the "Award").

2.2 AWARD SUBJECT TO PLAN. The Award granted hereunder is subject to the terms
and provisions of the Plan, including without limitation Section 10 thereof.

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                                   ARTICLE III
                                  RESTRICTIONS

3.1 FORFEITURE.

      Unless otherwise provided by written agreement between the Company and
Participant (for example, employment agreements, severance agreements or
change-in-control agreements), any Award which is not vested as of _____(the
"Final Vesting Date"), and all unvested Awards upon termination of employment of
the Participant prior to the Final Vesting Date, shall thereupon be forfeited
immediately and without any further action by the Company.

3.2 VESTING AND LAPSE OF RESTRICTIONS. Subject to Section 3.1, the Award (or
portions thereof) shall vest upon the Final Vesting Date, as follows:

         [                 ];

         [                 ];

         [                 ].

3.3 LEGEND. Until such time as Restrictions have lapsed, the Company may, at any
time, place legends referencing the Restrictions and any applicable federal
and/or state securities laws restrictions on certificates representing shares of
Restricted Stock issued pursuant to this Agreement. The legend may include the
following:

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
      RESTRICTIONS SET FORTH IN THE AWARD AGREEMENT BETWEEN THE CORPORATION AND
      THE REGISTERED HOLDER, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE
      OF THE CORPORATION."

3.4 PAYMENT OF TAXES; ISSUANCE OF SHARES.

      (a) Participant understands, acknowledges and agrees that the value of the
Restricted Stock is subject to state and federal income taxes and certain rules
which require the Company to withhold amounts necessary to pay these taxes.
Participant hereby authorizes the Company to reduce the number of shares of
Restricted Stock delivered to Participant at the time the restrictions lapse by
the number of shares of Restricted Stock required to satisfy the tax withholding
requirements (based on the fair market value of shares at such time). Such
shares of Restricted Stock shall be returned to the Company. Participant's
acknowledgement and acceptance of these tax withholding provisions are
conditions precedent to the right of Participant to receive the Restricted Stock
under the Plan and this Agreement.

      (b) In lieu of the reduction of shares delivered described in paragraph
(a) above, Participant may pay to the Company the amount of tax required to be
withheld in cash, by check or in other form satisfactory to the Company. Such
payment must be made by the date on which

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the Restrictions lapse or such later date as is established by the Company (not
to exceed 15 days after the date on which the Restrictions lapse).

      (c) The Shares will be released to the Participant when vested and the
applicable withholding obligations have been satisfied.

3.5. CERTAIN CHANGES IN CAPITALIZATION AND REORGANIZATION EVENTS. Section 9 of
the Plan shall govern the treatment of the Award in the event of certain Changes
in Capitalization and Reorganization Events.

3.6 SECTION 83(b) ELECTION. Participant understands that Section 83(a) of the
Code taxes as ordinary income the difference between the amount, if any, paid
for the shares of Common Stock and the Fair Market Value of such shares at the
time the Restrictions on such shares lapse. Participant understands that,
notwithstanding the preceding sentence, Participant may elect to be taxed at the
time of the Award Date, rather that at the time the Restrictions lapse, by
filing an election under Section 83(b) of the Code (an "83(b) Election") with
the Internal Revenue Service within 30 days of the Award Date. In the event
Participant files an 83(b) Election, Participant will recognize ordinary income
in an amount equal to the difference between the amount, if any, paid for the
shares of Common Stock and the Fair Market Value of such shares as of the Award
Date. Participant further understands that an additional copy of such 83(b)
Election form should be filed with his or her federal income tax return for the
calendar year in which the date of this Agreement falls. Participant
acknowledges that the foregoing is only a summary of the effect of United States
federal income taxation with respect to the award of Restricted Stock hereunder,
and does not purport to be complete. PARTICIPANT FURTHER ACKNOWLEDGES THAT THE
COMPANY IS NOT RESPONSIBLE FOR FILING THE PARTICIPANT'S 83(b) ELECTION, AND THE
COMPANY HAS DIRECTED PARTICIPANT TO SEEK INDEPENDENT ADVICE REGARDING THE
APPLICABLE PROVISIONS OF THE CODE, THE INCOME TAX LAWS OF ANY MUNICIPALITY,
STATE OR FEDERAL GOVERNMENT OR FOREIGN COUNTRY IN WHICH PARTICIPANT MAY RESIDE,
AND THE TAX CONSEQUENCES OF PARTICIPANT'S DEATH.

                                   ARTICLE IV
                                OTHER PROVISIONS

4.1 STOCK CERTIFICATES. Stock certificates issued in respect of this Award shall
be registered in the name of the Participant and shall be deposited in escrow
with Assistant Secretary or other escrow agent appointed by the Company;
provided, however, that in no event shall the Participant retain physical
custody of any certificates representing unvested Restricted Stock issued such
Participant. The deposited certificates shall remain in escrow until all
Restrictions lapse or have been removed. The Participant shall, upon the
execution of this Agreement, execute Joint Escrow Instructions in the form
attached to this Agreement as Exhibit A. The Joint Escrow Instructions shall be
delivered to escrow agent named therein. The Participant shall deliver to such
escrow agent a stock assignment duly endorsed in blank, in the form attached to
this Agreement as Exhibit B, and hereby instructs the Company to deliver to such
escrow agent, on behalf of the Participant, the certificate(s) evidencing the
Restricted Stock issued hereunder. Such materials shall be held by such escrow
agent pursuant to the terms of such Joint Escrow Instructions.

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4.2 RESTRICTED STOCK NOT TRANSFERABLE. Prior to vesting pursuant to Section 3.2
above, no Restricted Stock or any interest or right therein or part thereof
shall be liable for the debts, contracts or engagements of the Participant or
his successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall
be null and void and of no effect; provided, however, that this Section 4.2
shall not prevent transfers by will or by applicable laws of descent and
distribution.

4.3 RIGHTS AS STOCKHOLDER. No Participant shall have any rights as a stockholder
with respect to any shares of Common Stock to be distributed with respect to an
Award until becoming the record holder of such shares.

4.4 NOT A CONTRACT OF EMPLOYMENT. Nothing in this Agreement or in the Plan shall
confer upon the Participant any right to continue in the employ of the Company
or shall interfere with or restrict in any way the rights of the Company, which
are hereby expressly reserved, to discharge the Participant at any time for any
reason whatsoever, with or without cause, except as may otherwise be provided by
any written agreement entered into by and between the Company and the
Participant.

4.5 GOVERNING LAW. The laws of the Commonwealth of Massachusetts shall govern
the interpretation, validity, administration, enforcement and performance of the
terms of this Agreement regardless of the law that might be applied under
principles of conflicts of laws.

4.6 CONFORMITY TO SECURITIES LAWS. The Participant acknowledges that the Plan
and this Agreement are intended to conform to the extent necessary with all
provisions of the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and any and all
regulations and rules promulgated thereunder by the Securities and Exchange
Commission, including without limitation Rule 16b-3 under the Exchange Act.
Notwithstanding anything herein to the contrary, the Plan shall be administered,
and the Awards are granted, only in such a manner as to conform to such laws,
rules and regulations. To the extent permitted by applicable law, the Plan and
this Agreement shall be deemed amended to the extent necessary to conform to
such laws, rules and regulations.

4.7 AMENDMENT, SUSPENSION AND TERMINATION. The Awards may be wholly or partially
amended or otherwise modified, suspended or terminated at any time or from time
to time by the Committee or the Board, provided that, except as may otherwise be
provided by the Plan, neither the amendment, suspension nor termination of this
Agreement shall, without the consent of the Participant, alter or impair any
rights or obligations under any Award.

4.8 NOTICES. Notices required or permitted hereunder shall be given in writing
and shall be deemed effectively given upon personal delivery or upon deposit in
the United States mail by certified mail, with postage and fees prepaid,
addressed to the Participant to his address shown in the Company records, and to
the Company at its principal executive office.

4.9 SEVERABILITY. The invalidity or unenforceability of any paragraph or
provision of this Agreement shall not affect the validity or enforceability of
any other paragraph or provision, and

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all other provisions shall remain in full force and effect. If any provision of
this Agreement is held to be excessively broad, then such provision shall be
reformed and construed by limiting and reducing it so as to be enforceable to
the maximum extent permitted by law.

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IN WITNESS WHEREOF, this Agreement has been executed and delivered by the
parties hereto.

                                        PAREXEL INTERNATIONAL CORPORATION

                                        By:_____________________________________
                                        Name:
                                        Title:

                                        Signed:_________________________________
                                        [Participant's Typed Name]

Aggregate number of shares of Restricted Stock subject to the Award:  __________

                                        6

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                                    Exhibit A

                        PAREXEL International Corporation

                            Joint Escrow Instructions

                                      _________, 200_

W. Brett Davis
Associate General Counsel
PAREXEL International Corporation
200 West Street
Waltham, MA 02451

Dear Sir:

      As Escrow Agent for PAREXEL International Corporation, a Massachusetts
corporation, and its successors in interest under the Restricted Stock Agreement
(the "Agreement") of even date herewith, to which a copy of these Joint Escrow
Instructions is attached (the "Company"), and the undersigned person ("Holder"),
you are hereby authorized and directed to hold the documents delivered to you
pursuant to the terms of the Agreement in accordance with the following
instructions:

      1.    Appointment. Holder irrevocably authorizes the Company to deposit
            with you any certificates evidencing ----------- Restricted Stock
            (as defined in the Agreement) to be held by you hereunder and any
            additions and substitutions to said Restricted Stock. For purposes
            of these Joint Escrow Instructions, "Restricted Stock" shall be
            deemed to include any additional or substitute property. Holder does
            hereby irrevocably constitute and appoint you as his
            attorney-in-fact and agent for the term of this escrow to execute
            with respect to such Restricted Stock all documents necessary or
            appropriate to make such Restricted Stock negotiable and to complete
            any transaction herein contemplated. Subject to the provisions of
            this Section 1 and the terms of the Agreement, Holder shall exercise
            all rights and privileges of a stockholder of the Company while the
            Restricted Stock is held by you.

      2.    Closing of Purchase.

            (a) Upon the exercise of any forfeiture rights by the Company of the
            Restricted Stock pursuant to the Agreement, the Company shall give
            to Holder and you a written notice pursuant to the Agreement. Holder
            and the Company hereby irrevocably authorize and direct you to close
            the transaction contemplated by such notice in accordance with the
            terms of said notice (the "Closing").

            (b) At the Closing, you are directed (i) to date the stock
            assignment form or forms necessary for the transfer of the
            Restricted Stock, (ii) to fill in on such form or forms the

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            number of Restricted Stock being transferred, and (iii) to deliver
            same, together with the certificate or certificates evidencing the
            Restricted Stock to be transferred, to the Company.

      3.    Withdrawal. The Holder shall have the right at any time on or after
            [ ] to withdraw from this escrow any Restricted Stock which is no
            longer subject to forfeiture.

      4.    Duties of Escrow Agent.

            (a) Your duties hereunder may be altered, amended, modified or
            revoked only by a writing signed by all of the parties hereto.

            (b) You shall be obligated only for the performance of such duties
            as are specifically set forth herein and may rely and shall be
            protected in relying or refraining from acting on any instrument
            reasonably believed by you to be genuine and to have been signed or
            presented by the proper party or parties. You shall not be
            personally liable for any act you may do or omit to do hereunder as
            Escrow Agent or as attorney-in-fact of Holder while acting in good
            faith and in the exercise of your own good judgment, and any act
            done or omitted by you pursuant to the advice of your own attorneys
            shall be conclusive evidence of such good faith.

            (c) You are hereby expressly authorized to disregard any and all
            warnings given by any of the parties hereto or by any other person
            or entity, excepting only orders or process of courts of law, and
            are hereby expressly authorized to comply with and obey orders,
            judgments or decrees of any court. If you are uncertain of any
            actions to be taken or instructions to be followed, you may refuse
            to act in the absence of an order, judgment or decrees of a court.
            In case you obey or comply with any such order, judgment or decree
            of any court, you shall not be liable to any of the parties hereto
            or to any other person or entity, by reason of such compliance,
            notwithstanding any such order, judgment or decree being
            subsequently reversed, modified, annulled, set aside, vacated or
            found to have been entered without jurisdiction.

            (d) You shall not be liable in any respect on account of the
            identity, authority or rights of the parties executing or delivering
            or purporting to execute or deliver the Agreement or any documents
            or papers deposited or called for hereunder.

            (e) You shall be entitled to employ such legal counsel and other
            experts as you may deem necessary properly to advise you in
            connection with your obligations hereunder and may rely upon the
            advice of such counsel.

            (f) Your rights and responsibilities as Escrow Agent hereunder shall
            terminate if (i) you cease to be an employee of the Company or (ii)
            you resign by written notice to each party. In the event of a
            termination under clause (i), the Secretary of the Company or its
            designee shall become Escrow Agent hereunder; in the event of a
            termination under clause (ii), the Company shall appoint a successor
            Escrow Agent hereunder.

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            (g) If you reasonably require other or further instruments in
            connection with these Joint Escrow Instructions or obligations in
            respect hereto, the necessary parties hereto shall join in
            furnishing such instruments.

            (h) It is understood and agreed that if you believe a dispute has
            arisen with respect to the delivery and/or ownership or right of
            possession of the securities held by you hereunder, you are
            authorized and directed to retain in your possession without
            liability to anyone all or any part of said securities until such
            dispute shall have been settled either by mutual written agreement
            of the parties concerned or by a final order, decree or judgment of
            a court of competent jurisdiction after the time for appeal has
            expired and no appeal has been perfected, but you shall be under no
            duty whatsoever to institute or defend any such proceedings.

            (i) These Joint Escrow Instructions set forth your sole duties with
            respect to any and all matters pertinent hereto and no implied
            duties or obligations shall be read into these Joint Escrow
            Instructions against you.

            (j) The Company shall indemnify you and hold you harmless against
            any and all damages, losses, liabilities, costs, and expenses,
            including attorneys' fees and disbursements, (including without
            limitation the fees of counsel retained pursuant to Section 4(e)
            above, for anything done or omitted to be done by you as Escrow
            Agent in connection with this Agreement or the performance of your
            duties hereunder, except such as shall result from your gross
            negligence or willful misconduct.

      5.    Notice. Any notice required or permitted hereunder shall be given in
            writing and shall be deemed effectively given upon personal delivery
            or upon deposit in the United States Post Office, by registered or
            certified mail with postage and fees prepaid, addressed to each of
            the other parties thereunto entitled at the following addresses, or
            at such other addresses as a party may designate by ten days'
            advance written notice to each of the other parties hereto.

                     COMPANY:         Notices to the Company shall be sent to
                                      the address set forth in the salutation
                                      hereto, Attn: Chief Financial Officer

                     HOLDER:          Notices to Holder shall be sent to the
                                      address set forth below Holder's signature
                                      below.

                     ESCROW AGENT:    Notices to the Escrow Agent shall be sent
                                      to the address set forth in the salutation
                                      hereto.

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      6.    Miscellaneous.

            (a) By signing these Joint Escrow Instructions, you become a party
            hereto only for the purpose of said Joint Escrow Instructions, and
            you do not become a party to the Agreement.

            (b) This instrument shall be binding upon and inure to the benefit
            of the parties hereto and their respective successors and permitted
            assigns.

                                           Very truly yours,

                                           PAREXEL International Corporation

                                           By:__________________________________
                                           Title:_______________________________

                                           HOLDER:

                                           _____________________________________
                                                          (Signature)

                                           _____________________________________
                                                           Print Name

                                           Address: ____________________________

                                                    ____________________________

                                           Date Signed:_________________________

ESCROW AGENT:
________________________________

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                                    Exhibit B

                                    (STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE)

      FOR VALUE RECEIVED, I hereby sell, assign and transfer unto PAREXEL
International Corporation (_________) shares of Common Stock, $0.01 par value
per share, of PAREXEL International Corporation (the "Corporation") standing in
my name on the books of the Corporation represented by Certificate(s) Number
__________ herewith, and do hereby irrevocably constitute and appoint
______________________ attorney to transfer the said stock on the books of the
Corporation with full power of substitution in the premises.

                                                     Dated: ____________________

                                                     ___________________________

                                                     ___________________________

                                       11<PAGE>
                                                                    EXHIBIT 10.3

                      CHANGE OF CONTROL/SEVERANCE AGREEMENT

      This CHANGE OF CONTROL/SEVERANCE AGREEMENT, dated as of December 16, 2005
by and between PAREXEL International Corporation (together with all subsidiaries
or affiliates hereinafter referred to as the "Company") and Michael E. Woehler
(the "Executive").

      WHEREAS, the Executive has been hired as a senior executive of the Company
and is expected to make major contributions to the Company;

      WHEREAS, the Company desires continuity of management; and

      WHEREAS, the Executive is willing to render services to the Company
subject to the conditions set forth in this Agreement.

      NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Company and the Executive agree
as follows:

      1. TERMINATION WITHOUT CAUSE.

      (a) In the event the Company terminates the Executive's employment with
the Company without Cause (as such term is defined in Section 4(c) below) prior
to July 1, 2007, the Company shall pay to the Executive lump sum amounts (net of
any required withholding) equal to (i) twelve (12) months of monthly base salary
(at the highest monthly base salary rate in effect for the Executive in the
twelve month period prior to the termination of his employment)("Base
Salary")(which shall be paid within ten business days following the Executive's
last date of employment), plus (ii) the pro rata share of the bonus that would
otherwise have been payable to the Executive pursuant to the Company's
Performance Bonus Plan (the "PBP") during the year in which the termination
occurs had his employment not been terminated by the Company, based on bonus
arrangements in effect at any time during the twelve month period immediately
prior to the termination of his employment, such pro rata share to be calculated
from the beginning of the fiscal year in which the termination occurs through
the date of termination (which shall be paid within ten business days after the
payment of bonuses, if any, to the Company's executive officers pursuant to the
PBP for the year in which the termination occurred); provided, however, that
such pro rata bonus shall only be payable to the extent of, and in accordance
with, (i) the Company's determination that the Company's and the Executive's PBP
performance goals have been satisfied, and (ii) the Company's determination to
pay bonuses to its executive officers, for the year in which the termination
occurs.

      (b) In the event the Company terminates the Executive's employment with
the Company without Cause (as such term is defined in Section 4(c) below) on or
after July 1, 2007 but before July 1, 2008 (the "Expiration Date"), the Company
shall pay to the Executive lump sum amounts (net of any required withholding)
equal to (i) the aggregate Base Salary the Executive would have earned between
the date of termination of his employment and the

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Expiration Date had his employment not been terminated by the Company (which
shall be paid within ten business days following the Executive's last date of
employment), plus (ii) the pro rata share of the bonus that would otherwise have
been payable to the Executive pursuant to the PBP during the year in which the
termination occurs had his employment not been terminated by the Company, based
on bonus arrangements in effect at any time during the twelve month period
immediately prior to the termination of his employment, such pro rata share to
be calculated from the beginning of the fiscal year in which the termination
occurs through the date of termination (which shall be paid within ten business
days after the payment of bonuses, if any, to the Company's executive officers
pursuant to the PBP for the year in which the termination occurred); provided,
however, that such pro rata bonus shall only be payable to the extent of, and in
accordance with, (i) the Company's determination that the Company's and the
Executive's PBP performance goals have been satisfied, and (ii) the Company's
determination to pay bonuses to its executive officers, for the year in which
the termination occurs.

      (c) The Executive shall not be entitled to any payments under this Section
1 in the event his employment is terminated by the Company on or after the
Expiration Date.

      2. TERMINATION PRIOR TO A CHANGE OF CONTROL.

      (a) Notwithstanding the provisions of Section 1 above, if, within nine
months prior to a Change of Control (as such term is defined in Section 4(b)
below) and subsequent to the commencement of substantive discussions that
ultimately result in the Change of Control, and prior to the Expiration Date,
the Company terminates the Executive's employment with the Company without Cause
(as such term is defined in Section 4(c) below), the Company shall:

      (1)   (x) If the Executive was terminated prior to July 1, 2007, pay to
            the Executive, within ten (10) business days following the Change of
            Control, a lump sum amount (net of any required withholding) equal
            to: (i) twelve (12) months of Base Salary, plus (ii) the target
            bonus that could have been payable to the Executive (assuming
            continued employment) during the year in which the termination of
            employment occurs based on bonus arrangements in effect at any time
            during the twelve month period immediately prior to the termination
            of his employment; or

            (y) If the Executive was terminated on or after July 1, 2007 but
            before the Expiration Date, pay to the Executive lump sum amounts
            (net of any required withholding) equal to: (i) the aggregate Base
            Salary the Executive would have earned between the date of
            termination of his employment and the Expiration Date had his
            employment not been terminated by the Company (to be paid within ten
            (10) business days following the Change of Control), plus (ii) the
            pro rata share of the bonus that would otherwise have been payable
            to the Executive pursuant to the PBP during the year in which the
            termination occurs had his employment not been terminated by the
            Company, based on bonus arrangements in effect at any time during
            the twelve month period immediately prior to the termination of his

                                     - 2 -

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            employment, such pro rata share to be calculated from the beginning
            of the fiscal year in which the termination occurs through the date
            of termination (which shall be paid within ten business days after
            the payment of bonuses, if any, to the Company's executive officers
            pursuant to the PBP for the year in which the termination occurred);
            provided, however, that such pro rata bonus shall only be payable to
            the extent of, and in accordance with, (i) the Company's
            determination that the Company's and the Executive's PBP performance
            goals have been satisfied, and (ii) the Company's determination to
            pay bonuses to its executive officers, for the year in which the
            termination occurs; and

      (2)   Provide the Executive and his dependents with life, accident, health
            and dental insurance substantially similar to that which the
            Executive was receiving immediately prior to the termination of his
            employment until the earlier of: (i) either (x) the date which is
            twelve (12) months following the Change of Control if the Executive
            was terminated prior to July 1, 2007 or (y) the Expiration Date if
            the Executive was terminated on or after July 1, 2007 but before the
            Expiration Date; or (ii) the date the Executive commences subsequent
            employment; and

      (3)   On the Change of Control, cause any unexercisable installments of
            any stock options of the Company or any subsidiary or affiliate of
            the Company held by the Executive on the Executive's last date of
            employment with the Company that have not expired to become
            exercisable on the Change of Control; provided, however, that: (i)
            such acceleration of exercisability shall not occur as to any option
            if the Change of Control does not occur within the period within
            which the Executive may exercise such option after a termination of
            employment in accordance with the provisions of the relevant option
            agreement and option plan; and (ii) any such acceleration of
            exercisability shall not extend the period after a termination of
            employment within which any option may be exercised by the Executive
            in accordance with the provisions of the relevant option agreement
            and option plan; and

      (4)   On the Change of Control, cause any unvested portion of any
            qualified or non-qualified capital accumulation benefits to become
            immediately vested (subject to applicable law);

provided, however, that any amounts and benefits set forth in this Section 2
shall be reduced by any and all other severance or other amounts or benefits
paid or payable to the Executive as a result of the termination of his or her
employment.

      (b) The Executive shall not be entitled to any payments under this Section
2 in the event his employment is terminated by the Company on or after the
Expiration Date.

                                     - 3 -

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      3. TERMINATION FOLLOWING A CHANGE OF CONTROL.

      (a) Notwithstanding the provisions of Section 1 above, if, at any time
during a period commencing with a Change of Control and ending eighteen months
after such Change of Control, and prior to the Expiration Date, the Company
terminates the Executive's employment without Cause (as such term is defined in
Section 4(c) below) or the Executive terminates his employment with the Company
for Good Reason (as such term is defined in Section 3(b) below) (provided,
however, that any such termination by the Executive must occur promptly (and in
any event within 90 days) after the occurrence of the event or events
constituting "Good Reason"), the Company shall:

      (1)   (x) If the Executive was terminated prior to July 1, 2007, pay to
            the Executive, within ten (10) business days following the
            Executive's last date of employment, a lump sum amount (net of any
            required withholding) equal to: (i) twelve (12) months of Base
            Salary, plus (ii) the target bonus that could have been payable to
            such Executive (assuming continued employment) during the year in
            which the termination of employment occurs based on bonus
            arrangements in effect immediately prior to the termination of his
            or her employment (all payments under Sections 1, 2 and this Section
            3(a) being referred to collectively, as the "Severance Payments");
            or

            (y) If the Executive was terminated on or after July 1, 2007 but
            before the Expiration Date, pay to the Executive lump sum amounts
            (net of any required withholding) equal to: (i) the aggregate Base
            Salary the Executive would have earned between the date of
            termination of his employment and the Expiration Date had his
            employment not been terminated (to be paid within ten (10) business
            days following the Executive's last date of employment), plus (ii)
            the pro rata share of the bonus that would otherwise have been
            payable to the Executive pursuant to the PBP during the year in
            which the termination occurs had his employment not been terminated,
            based on bonus arrangements in effect at any time during the twelve
            month period immediately prior to the termination of his employment,
            such pro rata share to be calculated from the beginning of the
            fiscal year in which the termination occurs through the date of
            termination (which shall be paid within ten business days after the
            payment of bonuses, if any, to the Company's executive officers
            pursuant to the PBP for the year in which the termination occurred);
            provided, however, that such pro rata bonus shall only be payable to
            the extent of, and in accordance with, (i) the Company's
            determination that the Company's and the Executive's PBP performance
            goals have been satisfied, and (ii) the Company's determination to
            pay bonuses to its executive officers, for the year in which the
            termination occurs; and

                                     - 4 -

<PAGE>

      (2)   Provide the Executive and his dependents with life, accident, health
            and dental insurance substantially similar to that which the
            Executive was receiving immediately prior to the termination of his
            employment until the earlier of: (i) either (x) the date which is
            twelve (12) months following the Executive's last day of employment
            if the Executive was terminated prior to July 1, 2007 or (y) the
            Expiration Date if the Executive was terminated on or after July 1,
            2007 but before the Expiration Date; or (ii) the date the Executive
            commences subsequent employment; and

      (3)   Cause any unexercisable installments of any stock options of the
            Company or any subsidiary or affiliate of the Company held by the
            Executive on the Executive's last date of employment with the
            Company that have not expired to become exercisable on such last
            date of employment; provided, however, that: (i) such acceleration
            of exercisability shall not occur as to any option if the Change of
            Control does not occur within the period within which the Executive
            may exercise such option after a termination of employment in
            accordance with the provisions of the relevant option agreement and
            option plan; and (ii) any such acceleration of exercisability shall
            not extend the period after a termination of employment within which
            any option may be exercised by the Executive in accordance with the
            provisions of the relevant option agreement and option plan; and

      (4)   Cause any unvested portion of any qualified and non-qualified
            capital accumulation benefits to become immediately vested, subject
            to applicable law;

provided, however, that any amounts and benefits set forth in this Section 3
shall be reduced by any and all other severance or other amounts or benefits
paid or payable to the Executive as a result of the termination of his or her
employment.

      (b) For purposes of Section 3 above, "Good Reason" shall mean the
occurrence of one or more of the following events following a Change of Control,
as the case may be: (i) the assignment to the Executive of any duties
inconsistent in any adverse, material respect with his position, authority,
duties or responsibilities immediately prior to the Change of Control or any
other action by the Company which results in a material diminution in such
position, authority, duties or responsibilities; (ii) a material reduction in
the aggregate of the Executive's base or incentive compensation or the
termination of the Executive's rights to any employee benefits immediately prior
to the Change of Control, except to the extent any such benefit is replaced with
a comparable benefit, or a reduction in scope or value thereof; or (iii) a
relocation of the Executive's place of business which results in the one-way
commuting distance for the Executive increasing by more than 25 miles from the
location thereof immediately prior to the Change of Control (provided, however,
that travel consistent with past practices for business purposes shall not be
considered "commuting" for purposes of this clause (iii)) or (iv) a failure by
the Company to obtain the agreement referenced in Section 4(f).

                                     - 5 -

<PAGE>

      (c) The Executive shall not be entitled to any payments under this Section
3 in the event his employment is terminated for any reason on or after the
Expiration Date.

      4. GENERAL.

      (a) In the event the Executive's employment with the Company is terminated
(i) by the Company at any time for Cause (as such term is defined in Section
4(c) below), or (ii) the Executive terminates his employment with the Company
other than during the specific time periods set forth in Section 3 or for any
reason other than Good Reason (as such term is defined in Section 3(b) above),
or (iii) for any reason after the Expiration Date, the Executive shall not be
entitled to the severance benefits or other considerations described herein by
virtue of this Agreement.

      (b) For purposes of this Agreement, "Change of Control" shall mean the
closing of: (i) a merger, consolidation, liquidation or reorganization of the
Company into or with another Company or other legal person, after which merger,
consolidation, liquidation or reorganization the capital stock of the Company
outstanding prior to consummation of the transaction is not converted into or
exchanged for or does not represent more than 50% of the aggregate voting power
of the surviving or resulting entity; (ii) the direct or indirect acquisition by
any person (as the term "person" is used in Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended) of more than 50% of the voting
capital stock of the Company, in a single or series of related transactions; or
(iii) the sale, exchange, or transfer of all or substantially all of the
Company's assets (other than a sale, exchange or transfer to one or more
entities where the stockholders of the Company immediately before such sale,
exchange or transfer retain, directly or indirectly, at least a majority of the
beneficial interest in the voting stock of the entities to which the assets were
transferred).

      (c) For purposes of this Agreement, "Cause" shall mean: (i) the commission
by the Executive of a felony, either in connection with the performance of his
obligations to the Company or which adversely affects the Executive's ability to
perform such obligations; (ii) gross negligence, breach of fiduciary duty or
breach of any confidentiality, non-competition or developments agreement in
favor of the Company; or (iii) the commission by the Executive of an act of
fraud or embezzlement or other acts in intentional disregard of the Company
which result in loss, damage or injury to the Company, whether directly or
indirectly.

      (d) Notwithstanding anything to the contrary in this Agreement, if any
portion of any payments received by the Executive from the Company (whether
payable pursuant to the terms of this Agreement or any other plan, agreement or
arrangement with the Company, its successors or any person whose actions result
in a change of control of the Company) shall be subject to tax imposed by
Section 4999 of the Internal Revenue Code of 1986, as amended or any successor
statutory provision, the Company shall pay to the Executive such additional
amounts as are necessary so that, after taking into account any tax imposed by
Section 4999 (or any successor statutory provision), and any federal and state
income taxes payable on any such tax, the Executive is in the same after-tax
position that he or she would have been if such Section 4999 (or any successor
statutory provision) did not apply and no payments were made pursuant to this
Section 4(d). The Executive and the Company shall each reasonably cooperate with
the other in

                                     - 6 -

<PAGE>

connection with any administrative or judicial proceedings concerning the
existence or amount of liability for Excise Tax with respect to the Payments.
All determinations required to be made under this Section 4(d), including
whether a Gross-Up Payment is required and the amount of such Gross-Up Payment,
shall be made by the Company, after consultation with its tax and accounting
advisors.

      (e) The parties hereto expressly agree that the payments by the Company to
the Executive in accordance with the terms of this Agreement will be liquidated
damages, and that the Executive shall not be required to mitigate the amount of
any payment provided for in this Agreement by seeking other employment or
otherwise, nor shall any profits, income, earnings or other benefits from any
source whatsoever create any mitigation, offset, reduction or any other
obligation on the part of the Executive.

      (f) Except as otherwise provided herein, this Agreement shall be binding
upon and inure to the benefit of the Company and any successor (whether direct
or indirect, by purchase, merger, consolidation, reorganization or otherwise) of
the Company; provided, however, that as a condition of closing any transaction
which results in a Change of Control, the Company shall obtain the written
agreement of any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) of the Company to be bound by the
provisions of this Agreement as if such successor were the Company and for
purposes of this Agreement, any such successor of the Company shall be deemed to
be the "Company" for all purposes.

      (g) Nothing in this Agreement shall create any obligation on the part of
the Company or any other person to continue the employment of the Executive. If
the Executive elects to receive the severance and benefits set forth in Sections
1, 2 or 3, the Executive shall not be entitled to any other salary continuation
or severance benefits in the event of his cessation of employment with the
Company.

      (h) Nothing herein shall affect the Executive's obligations under any key
employee, non-competition, confidentiality, option or similar agreement between
the Company and the Executive currently in effect or which may be entered into
in the future.

      (i) The Executive agrees that it will execute and deliver to the Company a
copy of the Agreement/Waiver in the form attached hereto as Exhibit A in
consideration of, and prior to the Company's payment of, any amounts payable
hereunder.

      (j) This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts. This Agreement constitutes the
entire Agreement between the Executive and the Company concerning the subject
matter hereof and supersedes any prior negotiations, understandings or
agreements concerning the subject matter hereof, whether oral or written, and
may be amended or rescinded only upon the written consent of the Company and the
Executive. The invalidity or unenforceability of any provision of this Agreement
shall not affect the other provisions of this Agreement and this Agreement shall
be construed and reformed to the fullest extent possible. The Executive may not
assign any of his rights or obligations under this Agreement; the rights and
obligations of the Company under this Agreement shall inure to the benefit of,
and shall be binding upon, the successors and assigns of

                                     - 7 -

<PAGE>

the Company. This Agreement may be executed in any number of counterparts, all
of which taken together shall constitute one and the same instrument.

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first written above.

                                    The Company:

                                    PAREXEL INTERNATIONAL CORPORATION

                                    By: /s/ Josef H. von Rickenbach
                                        ----------------------------------------

                                    Name: Josef H. von Rickenbach

                                    Title: Chairman and Chief Executive Officer

                                    The Executive:

                                    Signature: /s/ Michael E. Woehler
                                               ---------------------------------

                                    Printed Name: Michael E. Woehler

                                     - 8 -

<PAGE>

                                                                       EXHIBIT A

                                AGREEMENT/WAIVER

      It is hereby agreed by and between Michael E. Woehler (the "Executive")
and PAREXEL International Corporation (together with all subsidiaries and
affiliates hereinafter referred to as the "Company"), for good and sufficient
consideration more fully described below, that:

      1. Consideration. The Company will provide the Executive with the amounts
and benefits described in Sections 1, 2 and 3 of the Change of Control/Severance
Agreement entered into by the Company and the Executive, dated December 16,
2005, (the "Agreement"), subject to the terms and conditions of such Agreement.
The Executive understands that payment of and all such amounts and benefits are
conditioned upon the Executive signing this agreement.

      2. Settlement of Amounts Due the Executive. The Executive agrees that the
amounts set forth above in Section 1, together with any amounts previously
provided to the Executive by the Company, shall be complete and unconditional
payment, settlement, satisfaction and accord with respect to all obligations and
liabilities of the Company and any of its affiliated companies (including their
respective successors, assigns, shareholders, officers, directors, employees
and/or agents) to the Executive, and all claims, causes of action and damages by
the Executive against the Company and/or any such other parties regarding the
Executive's employment with and termination from employment with the Company,
including, without limitation, all claims for back wages, salary, draws,
commissions, bonuses, vacation pay, equity compensation, expenses, compensation,
severance pay, attorney's fees, compensatory damages, exemplary damages, or
other costs or sums.

      3. Release.

      (a) In exchange for the amounts and benefits described in Section 1 above
and other good and valuable consideration, receipt of which is hereby
acknowledged, the Executive and his representatives, agents, estate, successors
and assigns, absolutely and unconditionally hereby release and forever discharge
the Company, its affiliated companies and/or their successors, assigns,
directors, shareholders, officers, employees and/or agents, both individually
and in their official capacities, (the "Releasees"), from any and all actions or
causes of action, suits, claims, complaints, contracts, liabilities, agreements,
promises, debts and damages, controversies, judgments, rights and demands,
whether existing or contingent, known or unknown, which arise under the
Agreement. This release is intended by the Executive to be all encompassing and
to act as a full and total release of any claims that the Executive may have or
has had against the Releasees under the Agreement, including, but not limited
to, any federal, state or local law or regulation dealing with either employment
or employment discrimination such as those laws or regulations concerning
discrimination on the basis of age, race, color, religion, creed, sex, sexual-
orientation, national origin, ancestry, marital status, physical or mental
disability, any veteran status or any military service or application for any
military service; any contract, whether oral or written, express or implied; or
common law.

<PAGE>

      (b) The Executive agrees not only to release and discharge the Releasees
from any and all claims as stated above that the Executive could make on his/her
own behalf or on behalf of others, but also those claims which might be made by
any other person or organization on behalf of the Executive, and the Executive
specifically waives any right to become, and promises not to become, a member of
any class in a case in which a claim or claims against the Releasees are made
involving any matters which arise out of, or in connection with, the Agreement.
Nothing in this agreement is to be construed as an admission by the Releasees of
any liability or unlawful conduct whatsoever.

      4. Waiver of Rights and Claims Under the Age Discrimination and Employment
Act of 1967.

      (a) The Executive has been informed that since he is 40 years of age or
older, he has or might have specific rights and/or claims under the Age
Discrimination and Employment Act of 1967. In consideration for the amounts
described in Section 1 hereof, the Executive specifically waives such rights
and/or claims to the extent that such rights and/or claims arose prior to the
date this Agreement was executed.

      (b) The Executive was advised by the Company of his right to consult with
an attorney prior to executing this Agreement.

      (c) The Executive was further advised when he was presented by the Company
with the original draft of this Agreement on _______, 200_, that he had at least
21 days within which to consider its terms and to consult with or seek advice
from an attorney or any other person of his/her choosing, until the close of
business on __________, 200_.

      5. Confidentiality. The Executive agrees he shall not divulge or publish,
directly or indirectly, any information whatsoever regarding the substance,
terms or existence of the Agreement or this agreement and/or any discussions or
negotiations relating to the Agreement or this agreement to any person or
organization, except to his immediate family members, counsel or accountant, and
unless required under law or court order.

      6. Representations and Governing Law.

      (a) This agreement represents the complete and sole understanding between
the parties regarding the subject matter hereto. This agreement may not be
modified, altered or rescinded except upon written consent of the Company and
Executive. The invalidity or unenforceability of any provision of this agreement
shall not affect the other provisions of this agreement, but this agreement
shall be revised, construed and reformed to the fullest extent possible to
effectuate the purposes of this agreement. This agreement shall be binding upon
and inure to the benefit of the Company and the Executive and their respective
heirs, successors and assigns. The parties agree that the Company will not have
an adequate remedy if the Executive fails to comply with Sections 3, 4, and 5
hereof and that damages will not be readily ascertainable, and that in the event
of such failure, the Executive shall not oppose any application by the Company
requiring a

                                     A - 2

<PAGE>

decree of specific performance or an injunction enjoining a breach of this
agreement. If the Executive breaches any of his/her obligations hereunder, he
shall forfeit all right to payments pursuant to Section 1.

      (b) This agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts, without giving effect to the
principles of conflicts of law thereof.

      (c) The Executive represents that he has read this agreement, fully
understands the terms and conditions of such agreement, and is voluntarily
executing the same. In entering into this agreement, the Executive does not rely
on any representation, promise or inducement made by the Releasees, with the
exception of the consideration described in this document.

      7. Effective Date. The Executive may revoke this agreement during the
period of seven (7) days following its execution by the Executive, and this
agreement shall not become effective or enforceable until this revocation period
has expired.

                                        The Company:

                                        PAREXEL INTERNATIONAL CORPORATION

                                        By:_____________________________________

                                        Name:___________________________________

                                        Title:__________________________________

                                        Date:___________________________________

                                        The Executive:

                                        Signature:______________________________

                                        Printed Name: Michael E. Woehler

                                        Date:___________________________________

                                     A - 3

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