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                                                                    Exhibit 10.3

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

Date

Name
Site Code

Re:  Opportunity to Purchase Shares

Dear ___________________,

We are pleased to offer you the opportunity to purchase shares of common stock
("Shares") of Pharma Services Holding, Inc. (the "Company") pursuant to the
Company's Stock Incentive Plan (the "Plan") and on the terms and conditions set
forth below. Quintiles Transnational Corp. ("Quintiles") is an indirect
wholly-owned subsidiary of the Company.

1.       Number of Shares. You will have the opportunity to purchase up to
         _________ Shares.

2.       Purchase Price. The purchase price per Share is $_________, for a total
         of $______ if you purchase all of the Shares. The purchase price is
         payable either by check to the Company, or by your interest bearing
         promissory note, or any combination of the two. If you desire to pay
         any portion of the purchase price by a note, you must complete the
         attached Promissory Note and Pledge Agreement. The Promissory Note has
         been partially completed based on the assumption that you will be
         purchasing all of the Shares and financing the entire purchase price.

3.       Vesting. Your Shares when issued will be "Unvested Shares" (as defined
         in the Plan) and will become "Vested Shares" (as defined in the Plan)
         as to 20% of the total number purchased on the anniversary date (based
         on the date you sign the acceptance form) from ______ through ______,
         provided that all of the Shares will become Vested Shares upon a "Sale
         of the Company" (as provided in Section 9 of the Plan). However, in no
         event will any Unvested Shares become Vested Shares following your
         termination of employment with the Company and its subsidiaries for any
         reason.

4.       Repurchase Right; Restrictions on Shares. Upon your termination of
         employment with the Company and its subsidiaries for any reason, the
         Company and certain other persons may, but are not obligated to,
         repurchase your Shares. As further described in Section 8 of the Plan,
         the repurchase price to be paid by the Company depends upon whether the
         Shares are

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         Unvested Shares or Vested Shares, and the circumstances of your
         termination. Generally, Unvested Shares may be repurchased for the
         price you paid for them, and Vested Shares may be repurchased for their
         "Fair Market Value", as defined in the Plan, but under certain
         circumstances described in the Plan, even your Vested Shares may be
         repurchased for the price you paid for them. Also, as further described
         in Section 8 of the Plan, the Shares are generally nontransferable
         prior to a Sale of the Company or "Qualified Public Offering" (as
         defined in the Plan), the Company has the right to require that you
         participate in a Sale of the Company (a "Drag-Along Right"), and your
         right to vote with respect to the election of directors of the Company
         may be restricted.

5.       Taxes. A separate information statement describing the tax
         considerations relating to your purchase of Shares will be provided to
         you.

6.       Representations.

                  (a) Authority. You have the requisite power, authority and
         capacity to execute this Agreement and to perform your obligations
         under this Agreement and to consummate the transactions contemplated
         hereby. The Acceptance has been duly and validly executed and delivered
         by you and constitutes your legal, valid and binding obligation,
         enforceable against you in accordance with its terms, except to the
         extent that such validly binding effect and enforceability may be
         limited by applicable bankruptcy, reorganization, insolvency,
         moratorium and other laws relating to or affecting creditors' rights
         generally.

                  (b) Shares Unregistered. You acknowledge that (i) the offer
         and sale of the Shares has not been registered under applicable
         securities laws; (ii) the Shares being purchased by you must be held
         indefinitely; (iii) there is no established market for the Shares and
         it is not anticipated that there will be any such market for the Shares
         in the foreseeable future; (iv) you are acquiring the Shares for the
         purpose of investment and not with a view to, or for resale in
         connection with, the distribution thereof, and not with any present
         intention of distributing such Shares and you have no present plan or
         intention to sell any of the Shares; and (v) you have received the
         document entitled "Offering Memorandum" relating to this offer.

7.       Subject to Plan. The opportunity to purchase the Shares is being made
         to you pursuant to the Plan, a copy of which is attached, and your
         purchase, holding and transfer of the Shares is subject to the terms of
         the Plan in all respects.

8.       Long Term Incentive. The Shares that you purchase, along with the stock
         option grant set forth in the accompanying letter, will serve as the
         only long-term incentive compensation that will be made available to
         you. Quintiles will of course continue to provide for annual cash bonus
         opportunities.

9.       Acknowledgement. You acknowledge: (i) that the Plan is discretionary in
         nature and may be suspended or terminated by the Company at any time;
         (ii) that this award of the opportunity to purchase Shares is a
         one-time benefit, which does not create any contractual or other right

                                       2

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

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

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

                                     * * * *

Please indicate the number of Shares you wish to purchase on the Acceptance
attached. Please return a signed copy of the Acceptance, along with a check
and/or the Promissory Note for the purchase price ($_______ per Share) made
payable to Pharma Services Holding, Inc., to________________. Your Acceptance
and payment must be received no later than thirty (30) days from the date you
receive the offer letter.

                                            Sincerely yours,

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                               ACCEPTANCE OF OFFER
           TO PURCHASE COMMON SHARES OF PHARMA SERVICES HOLDING, INC.

I, _____________ hereby accept the offer made to me by Pharma Services Holding,
Inc. ("Pharma") to purchase _________ shares of common stock of Pharma at a
price per share of $________ pursuant to and in accordance with the terms of a
letter to me from Pharma dated ____________. I further elect to pay the purchase
price by enclosing a check for $__________, and/or enclosing the Promissory Note
for $____________ and the accompanying Pledge Agreement.

-----------------------------                        ---------------------
Executive's Signature      - ____________                     Date

[Please return signed copy of this letter to ________________ no later than 30
days from the date you receive the acceptance of offer.]

                                       5Ex-10.4

 

Exhibit 10.4

Summary of Material Terms of

PharmaBio Development (“PBD”) Bonus Plan

The PBD bonus plan (the “Plan”) is an informal guideline not in written
plan form which provides for the payment of annual cash bonuses to selected
eligible PBD management employees in amounts, if any, determined by the
Compensation and Nominations Committee (the “Committee”) in its discretion.
The Committee has indicated an intent to consider payment of bonuses based on
performance targets. The aggregate bonus pool will be equal to the aggregate
target bonus opportunities of all the Plan participants after taking into
account their aggregate base salaries and actual performance compared to target
for the Plan Year. The aggregate bonus pool will be allocated among
participants in the Committee’s discretion. The bonuses called for under the
Plan are completely discretionary and are not earned until they are paid.
Participants who join the PBD business unit mid-year will have their awards (if
any) prorated.

Bonuses are intended to be paid no later than March 31 of the year
following the Plan Year, except that the Committee may specify that a portion
of bonus awards be paid on a deferred basis. Participants must be employed on
the date bonuses are paid in order to receive a payment, except that
participants who retire prior to that date may have their bonuses prorated and
paid on the date other bonuses are paid in the Committee’s discretion. The
Company has reserved the right, in its discretion, to amend or terminate the
Plan at any time prior to the payment of any bonuses, as well as the right to
decide not to pay bonuses, or to pay bonuses based on any other factors it
determines, even if inconsistent with the Plan. Participants should not assume
continued participation in the Plan.

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