Document:

Form of Non-Qualified Stock Option Agreement

  
 Exhibit 10.6

  

					
		  		  	 OPTION AGREEMENT (this “Agreement”)
 dated as of November 9, 2010 between DOMUS
 HOLDINGS CORP., a Delaware
corporation,
 (the “Company”) and OPTIONEE (as set forth on
 the signature page hereto, the “Optionee”).

WHEREAS, the Company, acting through the Committee with the consent of the Company’s Board of Directors (the
“Board”) will grant to the Optionee, effective as of November 9, 2010 (the “Grant Date”), an option under the Domus Holdings Corp. 2007 Stock Incentive Plan, as amended and restated on the date hereof (the
“Plan”) to purchase a number of shares of Common Stock (“Shares”) on the terms and subject to the conditions set forth in this Agreement and the Plan; 

WHEREAS, the Optionee has entered into an adoption agreement, pursuant to which the Optionee became a party to that certain
Management Investor Rights Agreement, by and among the Company and certain of its holders of Shares, dated as of April 10, 2007 (the “Management Investor Rights Agreement”); 

NOW, THEREFORE, in consideration of the promises and of the mutual agreements contained in this Agreement, the parties hereto
hereby agree as follows: 
 Section 1. The Plan. The terms and provisions of the Plan are hereby incorporated into this
Agreement as if set forth herein in their entirety. In the event of a conflict between any provision of this Agreement and the Plan, the provisions of the Plan shall control. A copy of the Plan may be obtained from the Company by the Optionee upon
request. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Plan. 
 Section 2. Option; Option Price. Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the option (the
“Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amount set forth on the signature page hereto. Payment of the Option Price may be made in any manner permitted by the Committee
under Section 5.6 of the Plan; provided that, in addition to the manners permitted under Section 5.6 of the Plan, upon the exercise of Options granted under the Plan by the Optionee in respect of 250,000 Shares or more in a single
transaction, the Optionee may direct the Company to deduct from the Shares issuable upon exercise of such Options a number of Shares having an aggregate Fair Market Value equal to the sum of the aggregate Option Price in respect of the Options being
exercised, and the Company shall thereupon issue to the Optionee the net remaining number of Shares after such deduction. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the
meaning of Section 422 of the Code. 
 Section 3. Term. The term of the Option (the “Option Term”)
shall commence on the Grant Date and expire on the tenth anniversary of the Grant Date, unless the Option shall have sooner been terminated in accordance with the terms of the Plan (including, without limitation, Article 5 of the Plan) or
this Agreement (including, without limitation, Section 7 of this Agreement). 

  
 Section 4.
Vesting. Except as otherwise set forth in Section 7 (including, without limitation, Section 7(b)), the Options shall become non-forfeitable (any Options that shall have become non-forfeitable pursuant to
Section 4, the “Vested Options”) and shall become exercisable according to the following provisions: 
 (a) Vesting Schedule: Subject to the Optionee’s continued employment with the Company as of any such date: twenty-five percent (25%) of the Options shall become Vested Options and shall
become exercisable on each of the first four anniversaries of July 1, 2010. In the event of a Sale of the Company, each Option that has not theretofore become a Vested Option pursuant to the immediately preceding sentence and is outstanding as
of immediately prior to the consummation of such Sale of the Company (each such Option, a “CIC Vesting Option”) shall vest in full effective as of the consummation of such Sale of the Company, and the Optionee shall be entitled to
receive an amount equal to the Spread Value (defined below) to be payable at the same time(s), in the same form(s) of consideration (e.g., cash, securities or other property or a combination thereof) and subject to the same terms and conditions as
are applicable to the consideration paid with respect to Shares held by the shareholders of the Company (the “Shareholders”) in the Sale of the Company as set forth in the agreement pursuant to which the Sale of the Company is
effectuated. In the event that at any time prior to the first anniversary of such Sale of the Company, the Optionee experiences a Termination of Relationship other than due to a Qualifying Termination Event (defined below), the Optionee shall
(i) immediately forfeit any and all rights in respect of the CIC Vesting Options pursuant to this Agreement, including, without limitation, any rights to any transfer of property or payment in respect of such CIC Vesting Options and
(ii) pay to the Company, immediately upon notice from the Company, an amount in cash equal to any Spread Value previously paid (without regard to whether such Spread Value was paid in cash, securities or other property or a combination
thereof). In satisfaction of the Optionee’s obligations under clause (ii), the Company may in its discretion deduct from any payment(s) of any kind (including salary or bonus) otherwise due to the Optionee a total amount equal to the Spread
Value previously paid, and the Optionee hereby consents to such deduction and offset. The treatment of the CIC Vesting Options upon a Sale of the Company as set forth in this Section 4(a) shall be in lieu of any adjustments or other rights that
may otherwise apply to other option holders under the Plan, including without limitation any adjustments or other rights under Article X of the Plan. 
 (b) “Qualifying Termination Event” means a Termination of Relationship for any reason other than (i) by the Company or its Affiliates for Cause or (ii) by the Optionee without
Good Reason (other than due to death). 
 “Spread Value” means the product of (i) the number of Shares
subject to the CIC Vesting Options and (ii) the excess (if any) of (x) the value per share payable in respect of the Shares of the Company to Shareholders in the Sale of the Company, over (y) the Option Price (as in effect on the day
immediately prior to the consummation of such Sale of the Company) per each Share subject to the CIC Vesting Options. For purposes of the foregoing, (A) if the Shareholders receive cash in respect of their Shares, then the Spread Value, if any,
shall be measured and payable in cash based on the per share cash amount paid to Shareholders in 

  
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connection with the Sale of the Company; (B) if the Shareholders receive securities or other property in respect of their Shares, then the Spread Value, if any, shall be measured and payable
in the form of such securities or other property, with the amount of the securities or other property, if any, that the Optionee receives in respect of the CIC Vesting Options being equal to the securities or other property that the Optionee would
have received if the CIC Vesting Options had been exercised immediately prior to the Sale of the Company and the aggregate Option Price (as in effect on the day immediately prior to the consummation of such Sale of the Company) for such Options was
paid in Shares as permitted under Section 2 of this Agreement (with the number of Shares withheld for purposes of paying the aggregate Option Price determined pursuant to the same method required to be used to determine the Fair Market Value of
the Shares); and (C) if the Shareholders receive a combination of the two foregoing forms of consideration, then the Spread Value shall be measured and payable in cash and securities or other property in the same per Share proportion as is paid
to the Shareholders and otherwise consistent with the principles set forth in clauses (A) and (B) above. 
 Section 5.
Restriction on Transfer. The Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the Optionee and (unless the Optionee becomes subject to a Disability) may be exercised during the lifetime of
the Optionee only by the Optionee. If the Optionee dies or becomes subject to a Disability, the Option shall thereafter be exercisable, during the period specified in Section 7 of this Agreement, by his or her beneficiary, or if no
beneficiary has been named, by his or her executors or administrators to the full extent to which the Option was exercisable by the Optionee at the time of his or her death or Disability. The Option shall not be subject to execution, attachment or
similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment or similar process upon the Option, shall be null and void and
without effect. Notwithstanding the foregoing, the Optionee may assign or transfer the Option with the prior consent of the Committee to a “family member” as such term is defined in Rule 701 of the Securities Act (each transferee thereof,
a “Permitted Assignee”), provided that such Permitted Assignee shall be bound by and subject to all of the terms and conditions of the Plan and the Option Agreement relating to the transferred Option and shall execute an
agreement satisfactory to the Company evidencing such obligations, and provided, further that the Optionee shall remain bound by the terms and conditions of the Plan and the Management Investor Rights Agreement. The Company shall
cooperate with any Permitted Assignee and the Company’s transfer agent in effectuating any transfer permitted under this Section 5. 
 Section 6. Optionee’s Service. Nothing in this Agreement or in the Option shall confer upon the Optionee any right to continue as an employee of, or other service provider to, the Company or
any of its Subsidiaries or Affiliates or interfere in any way with the right of the Company, its Subsidiaries or its Affiliates, as the case may be, in their respective sole discretion, to terminate the Optionee’s employment or service
relationship or to increase or decrease the Optionee’s compensation at any time. 
 Section 7. Termination.

 (a) The Option shall automatically terminate and shall become null and void, be unexercisable and be of no further force and
effect upon the earliest of: 
 (i) the tenth anniversary of the Grant Date; 

  
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 (ii) the
180th day following the Termination of Relationship in the
case of a Termination of Relationship for death or Disability; 
 (iii) the 90th day following the Termination of Relationship in the case of a
Termination of Relationship without Cause or for Good Reason; 
 (iv) the 60th day following the Termination of Relationship in the case of a
Termination of Relationship occurring because the Optionee resigns his or her employment without Good Reason; and 
 (v) the day of the Termination of Relationship in the case of a Termination of Relationship with Cause. 
 (b) Except as otherwise provided in the Plan, upon a Termination of Relationship for any reason, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall
immediately terminate and be forfeited on the date the Termination of Relationship occurs. 
 Section 8. Securities Law
Representations. The Optionee acknowledges that the Option and the Shares are not being registered under the Securities Act, based, in part, in reliance upon an exemption from registration under Rule 701 or Regulation D promulgated under the
Securities Act, and a comparable exemption from qualification under applicable state securities laws, as each may be amended from time to time. The Optionee, by executing this Agreement, hereby makes the following representations to the Company and
acknowledges that the Company’s reliance on federal and state securities law exemptions from registration and qualification is predicated, in substantial part, upon the accuracy of these representations: 

 

	 	•	 	 The Optionee is acquiring the Option and, if and when he or she exercises the Option, will acquire the Shares solely for the Optionee’s own
account, for investment purposes only, and not with a view or an intent to sell, or to offer for resale in connection with any unregistered distribution, all or any portion of the shares within the meaning of the Securities Act and/or any applicable
state securities laws. 

  

	 	•	 	 The Optionee is an “accredited investor,” as that term is defined in Rule 501(a)(1), (2) or (3) of Regulation D promulgated under
the Securities Act. 

  

	 	•	 	 The Optionee has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the Option and the
restrictions imposed on any Shares purchased upon exercise of the Option. The Optionee has been furnished with, and/or has access to, such information as the Optionee considers necessary or appropriate for deciding whether to exercise the Option and
purchase the Shares. However, in evaluating the merits and risks of an investment in the Shares, the Optionee has and will rely only upon the advice of the Optionee’s own legal counsel, tax advisors, and/or investment advisors.

  
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	 	•	 	 The Optionee acknowledges that to the best of his or her knowledge the Option Price is not less than what the Board has determined to be the Fair
Market Value of the Shares. 

  

	 	•	 	 The Optionee is aware that any value of the Option depends on its vesting and exercisability as well as an increase in the Fair Market Value and
certain other factors of the underlying Shares to an amount in excess of the Option Price, and that any investment in common shares of a closely held corporation such as the Company is non-marketable, non-transferable and could require capital to be
invested for an indefinite period of time, possibly without return, and at substantial risk of loss. 

  

	 	•	 	 The Optionee understands that any Shares acquired on exercise of the Option will be characterized as “restricted securities” under the
federal securities laws, and that, under such laws and applicable regulations, such securities may be resold without registration under the Securities Act only in certain limited circumstances, including in accordance with the conditions of Rule 144
promulgated under the Securities Act, as presently in effect. The Optionee acknowledges receiving a copy of Rule 144 promulgated under the Securities Act, as presently in effect, and represents that the Optionee is familiar with such rule, and
understands the resale limitations imposed thereby and by the Securities Act and the applicable state securities law. 

  

	 	•	 	 The Optionee has read and understands the restrictions and limitations set forth in the Management Investor Rights Agreement, the Plan and this
Agreement. The Optionee acknowledges that to the extent the Optionee is not a party to the Management Investor Rights Agreement at the time that the Optionee exercises any portion of the Option, such exercise shall be treated for all purposes as
effecting the Optionee’s simultaneous execution of the Management Investor Rights Agreement and the Optionee shall be bound thereby. 

  

	 	•	 	 The Optionee has not relied upon any oral representation made to the Optionee relating to the Option or the purchase of the Shares on exercise of the
Option or upon information presented in any promotional meeting or material relating to the Option or the Shares. 

  

	 	•	 	 The Optionee understands and acknowledges that, if and when he or she exercises the Option, (a) any certificate evidencing the Shares (or
evidencing any other securities issued with respect thereto pursuant to any stock split, stock dividend, merger or other form of reorganization or recapitalization) when issued shall bear any legends which may be required by applicable federal and
state securities laws, and (b) except as otherwise provided under the Management Investor Rights Agreement, the Company has no obligation to register the Shares or file any registration statement under federal or state securities laws. The
Committee reserves the right to account for Shares through book entry or other electronic means rather than the issuance of stock certificates. 

  
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 Section 9.
Designation of Beneficiary. The Optionee may appoint any individual or legal entity in writing as his or her beneficiary to receive any Option (to the extent not previously terminated or forfeited) under this Agreement upon the
Optionee’s death or becoming subject to a Disability. The Optionee may revoke his or her designation of a beneficiary at any time and appoint a new beneficiary in writing. To be effective, the Optionee must complete the designation of a
beneficiary or revocation of a beneficiary by written notice to the Company under Section 10 of this Agreement before the date of the Optionee’s death. In the absence of a beneficiary designation, the legal representative of the
Optionee’s estate shall be deemed the Optionee’s beneficiary. 
 Section 10. Notices. All notices, claims,
certifications, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given and delivered if personally delivered or if sent by nationally-recognized overnight courier, by telecopy, or by
registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 
 If to the Company, to it
at: 
 Domus Holdings Corp. 
 c/o Realogy Corporation 
 1 Campus Drive 

Parsippany, NJ 07054 
 Facsimile: (973) 407-5270 
 Attention: David J. Weaving 

With a copy to (which copy will not constitute notice): 
 Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, NY 10019 
 Attention: Steven A. Cohen, Esq. 
 Igor Kirman, Esq. 

Facsimile: 212.403.2000 
 If to
the Optionee, at the address set forth on the signature page hereto; or to such other address as the party to whom notice is to be given may have furnished to the other party in writing in accordance herewith. Any such notice or other communication
shall be deemed to have been received (a) in the case of personal delivery, on the date of such delivery (or if such date is not a business day, on the next business day after the date of delivery), (b) in the case of nationally-recognized
overnight courier, on the next business day after the date sent, (c) in the case of telecopy transmission, when received (or if not sent on a business day, on the next business day after the date sent), and (d) in the case of mailing, on
the third business day following that on which the piece of mail containing such communication is posted. 
 Section 11.
Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement must be in writing and shall not operate or be construed as a waiver of any other or subsequent breach. 

  
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 Section 12.
Optionee’s Undertaking. The Optionee hereby agrees to take whatever additional actions and execute whatever additional documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one
or more of the obligations or restrictions imposed on the Optionee pursuant to the express provisions of this Agreement and the Plan. 
 Section 13. Modification of Rights. The rights of the Optionee are subject to modification and termination in certain events as provided in this Agreement and the Plan (with respect to the Options
granted hereby). Notwithstanding the foregoing, the Optionee’s rights under this Agreement and the Plan may not be materially impaired without the Optionee’s prior written consent. 

Section 14. Governing Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE,
WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE
FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION
WOULD ORDINARILY APPLY. 
 Section 15. Restrictive Covenants. The grant, vesting and exercise of Options pursuant to this
Agreement shall be subject to the Optionee’s continued compliance with the restrictive covenants in Annex I to Section 8 of the Management Investor Rights Agreement as modified by any Side Letter thereto (as the same may have been
amended). 
 Section 16. Withholding. As a condition to exercising this Option in whole or in part, the Optionee will
pay, or make provisions satisfactory to the Company for payment of, any Federal, state and local taxes required to be withheld in connection with such exercise; provided, however, in the event of a Qualifying Termination Event and
subject to such exercise satisfying the minimum threshold for the payment with Shares of the Option Price as set forth in Section 2 hereof, the Optionee (or the Optionee’s estate, as applicable) may direct the Company to deduct from the
Shares issuable upon exercise of all (and not less than all) of the Optionee’s then exercisable Options a number of Shares having an aggregate Fair Market Value equal to the minimum tax withholding due upon exercise of such Options. 

Section 17. Adjustment. In the event of any event described in Article X of the Plan occurring after the Grant Date, the
adjustment provisions (including cash payments) as provided for under Article X of the Plan shall apply. 
 Section 18.
Counterparts. This Agreement may be executed in one or more counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts together shall constitute but one agreement. 

  
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 Section 19. Entire
Agreement. This Agreement and the Plan (and the other writings referred to herein) constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations,
commitments, representations and agreements with respect thereto. 
 Section 20. Severability. It is the desire and
intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision
of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of
this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such
jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 21. Waiver of Jury Trial. Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, trial by jury in any suit, action or proceeding arising hereunder. 
 Section 22. Code
Section 409A. Notwithstanding anything herein or elsewhere to the contrary, to the extent the Optionee or the Company notifies the other that this Agreement may reasonably be expected to result in the Optionee’s being subject to the
penalties of Section 409A of the Code, the Optionee and the Company agree to negotiate (and the Company shall cause any affiliate to negotiate) in good faith alternatives, within the time period permitted by the applicable Treasury Regulations,
to modify the Agreement, in the least restrictive manner necessary and without any diminution in the value of the payments to the Optionee, in order to cause the provisions of the Agreement to comply with the requirements of Section 409A of the
Code, so as to avoid the imposition of taxes and penalties on the Optionee pursuant to Section 409A of the Code. 

[Signature Pages Follow] 

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

			
	DOMUS HOLDINGS CORP.
		
	By:	 	  

	Name:	 	David J. Weaving
	Title:	 	Executive Vice President and Chief
	Administrative Officer
	
	OPTIONEE
	
	See attached signature page

  
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	OPTIONEE
	
	  

	Name: [—]
	
	Residence Address:

  

			
	 Number of Shares of Common Stock

subject to Options:
	  	[—]
		
	Option Price for Options:	  	$[—] each

  
 -10-Form of Stock Option Agreement

  
 Exhibit 10.1 

PAREXEL INTERNATIONAL CORPORATION 
 Non-Qualified Stock Option Agreement 
 2005 Stock Incentive Plan 

1. Grant of Option. 

This agreement evidences the grant by PAREXEL International Corporation, a Massachusetts corporation, including any Parent or Subsidiary
of the Company as defined in Sections 424(e) or (f) of the Code (the “Company”), on the     th day of         , 20     (the
“Grant Date”) to «Name», an employee of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2005 Stock Incentive Plan (the
“Plan”), a total of «Shares» shares (the “Shares”) of common stock, $0.01 par value per share, of the Company (“Common Stock”) at $         per Share. Unless
earlier terminated, this option shall expire on the date which is eight (8) years from the Grant Date (the “Final Exercise Date”). 
 It is intended that the option evidenced by this agreement shall not be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations
promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the term “Participant”, as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under
its terms. 
 2. Vesting of Option if Business Relationship Continues. If the Participant has continued to serve the Company in
the capacity of an employee, officer, director, consultant or advisor (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, subject to Section 3, the
Participant may exercise this option for the number of shares of Common Stock set opposite the applicable date: 
 One year but
less than two years from the Grant Date – 25% of the shares 
 Two years but less than three years from the Grant Date
– an additional 25% of the shares 
 Three years but less than four years from the Grant Date – an additional 25% of
the shares 
 Four years from the Grant Date – an additional 25% of the shares 

The foregoing rights are cumulative and, while the Participant continues to maintain a Business Relationship with the Company may be
exercised on or before the Final Exercise Date. All of the foregoing rights are subject to Section 3, as appropriate, if the Participant ceases to maintain a Business Relationship with the Company or retires, dies, becomes disabled or undergoes
dissolution while involved in a Business Relationship with the Company. 

  
 3. Exercise of Option.

 (a) Form of Exercise. Each election to exercise this option shall be in writing, signed by the Participant, and
received by the Company at its principal office, accompanied by this agreement, and payment in full in the manner provided in Section 5(f) of the Plan. Such election shall state the number of Shares for which it is being exercised and the
amount of the purchase price for such Shares. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share. 

(b) Continuous Relationship with the Company Required. Except as otherwise provided in this Section 3, this option may not be
exercised unless the Participant, at the time he or she exercises this option, is, and has at all times since the Grant Date maintained or been involved in a Business Relationship with the Company (an “Eligible Participant”). For purposes
of this Section 3, employment of any Participant shall be considered as continuing uninterrupted during any bona fide leave of absence (such as those attributable to illness, military obligations or governmental service) provided that the
period of such leave does not exceed 90 days or, if longer, any period during which such Participant’s right to reemployment is guaranteed by statute. A bona fide leave of absence with the written approval of the Board of Directors of the
Company, or a Committee of such Board, if applicable, shall not be considered an interruption of employment under this Section 3, provided that such written approval contractually obligates the Company to continue the employment of the
Participant after the approved period of absence. Options granted under the Plan shall not be affected by any change of employment within or among the Company, so long as the Participant continues to maintain or be involved in a Business
Relationship with the Company. 
 (c) Termination of Relationship with the Company. If the Participant ceases to be an
Eligible Participant for any reason, then, except as provided in paragraphs (d), (e) and (f) below, the right to exercise this option shall terminate sixty (60) days after such cessation (but in no event after the Final Exercise
Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final
Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall
terminate immediately upon such violation. 
 (d) Exercise Period Upon Death or Disability. If the Participant dies or
becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause”
as specified in paragraph (e) below, this option shall be exercisable, within the period of one hundred eighty (180) days following the date of death or disability of the Participant (but in no event after the Final Exercise Date), by the
Participant (or, in the case of death, by an authorized executor, personal representative or beneficiary), and any unexercisable installments of any stock options of the Company held by the Participant on the Participant’s last date of
employment with the Company that have not expired, shall become exercisable on such last date of employment and shall remain exercisable for the period set forth herein, provided that this option shall not be exercisable after the Final Exercise
Date. 

  
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 (e) Discharge for
Cause. If the Participant is discharged by the Company for “cause” (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean willful
misconduct by the Participant or willful failure by the Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory,
nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for
“Cause” if the Company determines, within 30 days after the Participant’s resignation, that discharge for cause was warranted. 
 (f) Exercise Period Upon Retirement. If the Participant ceases to be an Eligible Participant by reason of his or her Retirement from the Company, this Option shall be exercisable for a period of
one hundred eighty (180) days following the date of Retirement of the Participant, by the Participant, provided that this option shall be exercisable only to the extent that it was exercisable by the Participant on the date of his
or her Retirement and further provided that this Option shall not, in any case, be exercisable after the Final Exercise Date. For purposes of this agreement, “Retirement” shall mean the voluntary termination by the Participant of his or
her Business Relationship with the Company after completion of five (5) or more consecutive years of service with the Company and after reaching “normal retirement age” as such term is commonly understood in the jurisdiction of
the Participant’s residence. 
 (g) Dissolution. If the Participant is a corporation, partnership, trust or
other entity that is dissolved, is liquidated, becomes insolvent or enters into a merger or acquisition with respect to which the Participant is not the surviving entity, at a time when the Participant is involved in a Business Relationship with the
Company, this option shall immediately terminate as of the date of such event, and the only rights hereunder shall be those as to which this option was properly exercised before such dissolution or other event. 

4. Withholding. 
 No
Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be
withheld in respect of this option. 
 5. Nontransferability of Option. 

This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation
of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. 

  
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 6. Capital Changes and Business
Successions. 
 The Plan contains provisions covering the treatment of options in a number of contingencies such as stock
splits and mergers. Provisions in the Plan for adjustment with respect to stock subject to options and related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by
reference. 
 7. Miscellaneous. 
 (a) Notices: All notices hereunder shall be in writing and shall be deemed given when sent by certified or registered mail, postage prepaid, return receipt requested, to the address set
forth below. The addresses for such notices may be changed from time to time by written notice given in the manner provided for herein. 
 (b) Entire Agreement: Modification: This Agreement constitutes the entire agreement between the parties relative to the subject matter hereof, and supersedes all proposals, written or oral,
and all other communications between the parties relating to the subject matter of this Agreement. This Agreement may be modified, amended or rescinded only by a written agreement executed by both parties. 

(c) Severability: The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect
the validity, legality or enforceability of any other provision. 
 8. Provisions of the Plan. 

This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option. 

IN WITNESS WHEREOF, the Company has caused this option to be executed under its corporate seal by its duly authorized officer. This
option shall take effect as a sealed instrument. 
  

							
		 	PAREXEL INTERNATIONAL CORPORATION
			
	Dated:                     	 	By:	 	  

		 		 	Name:	 	James F. Winschel, Jr.
		 		 	Title:	 	SVP and Chief Financial Officer

  
 - 4 -

  
 PARTICIPANT’S
ACCEPTANCE 
 The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The
undersigned hereby acknowledges receipt of a copy of the Company’s 2005 Stock Incentive Plan. 
  

			
	 PARTICIPANT:

	
	  

		
	 Address:
	 	  

		
		 	  

  
 - 5 -

  
 NOTICE OF STOCK
OPTION EXERCISE 
  

	
	Date:                     

PAREXEL International Corporation 
 200 West
Street 
 Waltham, MA 02451 

Attention: Senior Director of Investor Relations 
 Dear Sir or Madam: 
 I am the holder of
             Stock Option granted to me under the PAREXEL International Corporation (the “Company”) 2005 Stock Incentive Plan on
             for the purchase of              shares of Common Stock of the Company at a purchase price of
$         per share. 
 I hereby exercise my option to purchase
             shares of Common Stock (the “Shares”), for which I have enclosed              in the amount
of             . Please register my stock certificate as follows: 
  

					
			
		 	Name(s):	 	  

			
		 		 	  

			
		 	Address:	 	  

			
		 	Tax I.D. #:	 	  

 

							
	Very truly yours,	 		 	
		
	  
	 	
	(Signature)	 		 	

  
 - 6 -

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