Document:

Exhibit

ANADARKO PETROLEUM CORPORATION   1201 LAKE ROBBINS DRIVE, THE WOODLANDS, TEXAS 77380
   P.O. BOX 1330  HOUSTON, TEXAS 77251-1330   U.S.A.   PH. (832)636-1000

PERSONAL AND CONFIDENTIAL 

[Date]

Dear              :

The Compensation and Benefits Committee (the “Committee”) of the Board of Directors of Anadarko Petroleum Corporation (the “Company”) has made an Award of Performance Units (“PUs”) to you under the Anadarko Petroleum Corporation 2012 Omnibus Incentive Compensation Plan, as may be amended from time to time (the “Plan”). This PU Award is subject to all terms and conditions of the Plan, the summary of the Plan (the “Plan Summary”) and the provisions of this Award Agreement.  Unless defined herein, capitalized terms shall have the meaning assigned to them under the Plan.  The Plan and Plan Summary are available on the Anadarko intranet website at the following address: [internal website address].

Effective [Grant Date] (“Grant Date”), you have been awarded       PUs as your target (“Target”). The value of these PUs, if any, will be dependent upon the Company’s relative total stockholder return (“TSR”) over the specified three-year performance period that begins [date] and ends [date] (the “Performance Period”). At the end of the Performance Period, your Target will vest. The maximum number of PUs that you can earn during the Performance Period will be calculated as follows {     x  200%}, with actual payout based on the Company’s TSR ranking as described below. 

Each PU represents the value of one share of the Company’s Common Stock. The payout of PUs is contingent upon the Company’s TSR ranking relative to a predetermined peer group during the Performance Period. The TSR measure provides an external comparison of the Company’s performance against a peer group of companies and will be calculated as follows:

Average Closing Stock Price for the last 30 trading days of the Performance Period

Minus

Average Closing Stock Price for the 30 trading days preceding the beginning of the Performance Period

Plus

Dividends paid per share over the Performance Period (based on ex-dividend date)

Total Above Divided By

Average Closing Stock Price for the 30 trading days preceding the beginning of the Performance Period
The actual number of PUs you will earn for the Performance Period is based upon the Company’s relative TSR ranking as follows:

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For example, if you were awarded 1,000 target PUs and the Company’s relative ranking for the  Performance Period is 3rd, you will receive 1,640 PUs (1,000 x 164%) at the end of the Performance Period (subject to the other terms and conditions of this Award Agreement). 

The peer group for the Performance Period includes Apache Corporation, Chesapeake Energy Corporation, Chevron Corporation, ConocoPhillips, Devon Energy Corporation, EOG Resources, Inc., Hess Corporation, Marathon Oil Corporation, Noble Energy, Inc., Occidental Petroleum Corporation and Pioneer Natural Resources Company.  If, during the Performance Period, any peer company undergoes a change in corporate capitalization or a corporate transaction (including, but not limited to, a going private transaction, bankruptcy, liquidation, merger, consolidation, etc.), then the Committee shall undertake an evaluation to determine whether such peer company will be replaced with a different peer company (any such replacement company shall be identified pursuant to the rules established by the Committee with respect to, and in no event after, the first 90 days of the Performance Period).  The Committee has designated Southwestern Energy, Inc.; Cabot Oil and Gas Corporation; Concho Resources, Inc.; and Cimarex Energy as replacement companies, in this respective order.  

After the end of the Performance Period, the value attributed to the PUs that are earned on such date shall be calculated by multiplying the number of PUs earned by the Fair Market Value of the Company’s Common Stock on the day the Committee certifies the performance results and approves the payouts. This value shall be reduced by the applicable payroll taxes as a result of the vesting of the PUs earned, and the resulting amount shall then be paid to you in cash within 60 days after the end of the Performance Period (unless subject to a properly executed deferral election).    

Dividend equivalents (as described in Section 9.5 of the Plan) shall not be paid with respect to the PUs (subject to the provisions below regarding payouts following the occurrence of a Change of Control). The PUs do not have voting rights and the PUs do not count toward any applicable stock ownership guidelines.   

You may be allowed to make an election to defer your entire PU Award on a separate form provided by Human Resources. All deferral elections and distributions must be made in compliance with Section 409A.

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If (i) you incur a “separation from service” (within the meaning of such term set forth in Section 409A under such definitions and procedures as established by the Company in accordance with Section 409A) due to your voluntary termination of employment other than for Good Reason during the Applicable Period following a Change of Control and other than by reason of Retirement or Qualified Retirement (each as defined below), or (ii) you incur a separation from service due to a termination for Cause, then, in each case, all unvested PUs will be immediately forfeited as of the date of your separation from service.

Upon your death (either prior to a separation from service or after Retirement or Qualified Retirement) and prior to the end of the Performance Period, all of your then outstanding and unvested PUs will become immediately vested and paid within 60 days after the date of your death in an amount equal to your Target multiplied by the Fair Market Value of the Company’s Common Stock as of the date of your death; provided, however, that if your death occurs on or after the date upon which a Change of Control occurs, then the amount payable upon your death shall be determined as provided below with respect to PUs that are outstanding on the date upon which a Change of Control occurs. Solely in the case of Retirement (but not in the case of Qualified Retirement), such payout shall be prorated based on the number of months you worked during the Performance Period.

If you incur a separation from service prior to the end of the Performance Period due to (i) disability (as defined in the Company’s disability plan) or (ii) involuntary termination without Cause or termination for Good Reason during the Applicable Period following a Change of Control, then you will receive a payout within 60 days after the end of the Performance Period. The amount of such payout shall be based on actual performance at the end of the Performance Period; provided, however, that if a Change of Control occurs prior to the end of the Performance Period, then such payout shall be determined as provided below with respect to PUs that are outstanding on the date upon which a Change of Control occurs.  

If you incur a separation from service prior to the end of the Performance Period due to (i) “Retirement” (as defined by the Anadarko Petroleum Corporation Retiree Health Benefits Plan), (ii) “Qualified Retirement” (a retirement that occurs at or after the age of 60 with a minimum of 10 years of service with the Company) or (iii) involuntary termination without Cause (other than during the Applicable Period following a Change of Control), then you will receive a payout within 60 days after the end of the Performance Period with respect to any PUs held for at least 180 days after Grant Date as of the date of your separation from service. The amount of such payout shall be based on actual performance at the end of the Performance Period; provided, however, that if a Change of Control occurs prior to the end of the Performance Period, then such payout shall be determined as provided below with respect to PUs that are outstanding on the date upon which a Change of Control occurs.  In addition, solely in the case of Retirement (but not in the case of a separation from service described in clause (ii) or (iii) of the first sentence of this paragraph), such payout shall be prorated based on the number of months you worked during the Performance Period. In the case of a separation from service described in clauses (i) through (iii) of the first sentence of this paragraph, all unvested PUs held for less than 180 days after Grant Date as of the date of your separation from service will be immediately forfeited as of the date of your separation from service.  For purposes of determining whether you have a Qualified Retirement, years of service with the Company shall be determined from your hire date, or if you previously worked for the Company or one of its affiliates, from your most recent hire date with the Company.

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Notwithstanding the preceding provisions of this Award Agreement, the following provisions shall apply in the event a Change of Control occurs prior to the end of the Performance Period and while your PUs remain outstanding:

		
	(i)
	The Company’s TSR ranking relative to the peer group shall be determined as if the date upon which the Change of Control occurs (the “Change of Control Date”) is the last day of the Performance Period, and a preliminary calculation of the value of the earned PUs for the Performance Period will be made as of such date (the “Preliminary PU Amount”), which amount will be (A) equal to your Target multiplied by the applicable percentage under the “Payout as % of Target” column of the table above based on the Company’s relative TSR ranking for the Performance Period multiplied by the Fair Market Value of the Company’s Common Stock as of the first trading day immediately preceding the Change of Control Date and (B) solely in the event of your Retirement (but not in the event of your Qualified Retirement) on or before the Change of Control Date, prorated based on the number of months you worked during the Performance Period (determined without regard to the Change of Control);

		
	(ii)
	On the Change of Control Date, your PUs that are outstanding on such date shall be converted into restricted equity units in respect of the common equity security of the Surviving Company (as hereinafter defined), the number of which shall be determined by dividing the Preliminary PU Amount by the fair market value of one such common equity security as of the first business day immediately prior to the Change of Control Date (as determined in good faith by the Committee which, in the case of a publicly-traded security, shall be based on the closing price of such security on the principal exchange upon which it is traded as of the applicable date);

		
	(iii)
	Each such restricted equity unit shall, from and after the Change of Control Date, be subject to equitable adjustment by the board of directors (or an authorized committee thereof) of the Surviving Company as if such unit had been granted under the Plan, and such restricted equity units shall be credited with dividend equivalents (in a manner similar to that provided in Section 11.4 of the Plan), which dividend equivalents shall be accrued and deemed reinvested in additional common equity securities of the Surviving Company and paid, less applicable taxes, at such time as the restricted equity units to which they relate vest and settle;

		
	(iv)
	Subject to the provisions of clause (v) below, (A) each such restricted equity unit shall vest and be earned on the last day of the Performance Period (determined without regard to the occurrence of the Change of Control) and the payment amount with respect thereto shall be based on the fair market value of the common equity security of the Surviving Company as of the last day of the Performance Period (determined without regard to the occurrence of the Change of Control) and (B) the payment amount, less applicable withholding taxes, shall be paid to you in cash within 10 days after the end of the Performance Period (determined without regard to the occurrence of the Change of Control); and

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	(v)
	Each such restricted equity unit (and the related dividend equivalents) shall be subject to the same forfeiture, time of payment and, in the event of your Retirement (but not in the event of your Qualified Retirement) after the Change of Control Date, proration provisions as are provided in the four paragraphs preceding this paragraph and shall be paid, less applicable withholding taxes, in cash; provided, however, that (A) a payment due upon your death on or after the Change of Control Date shall be based on the fair market value of the common equity security of the Surviving Company as of the date of your death and shall be paid within 10 days after the date of your death without regard to any longer period that may be provided pursuant to the preceding paragraphs of this Award Agreement, (B) a payment due after the end of the Performance Period (determined without regard to the occurrence of the Change of Control) shall be based on the fair market value of the common equity security of the Surviving Company as of the last day of the Performance Period (determined without regard to the occurrence of the Change of Control) and shall be paid within 10 days after the last day of the Performance Period without regard to any longer period that may be provided pursuant to the preceding paragraphs of this Award Agreement, and (C) if the Change of Control constitutes a Section 409A Change of Control (as hereinafter defined) and if you incur a separation from service during the two-year period beginning on the Change of Control Date due to (I) disability (as defined in the Company’s disability plan), (II) Retirement, (III) Qualified Retirement, (IV) involuntary termination without Cause or (V) termination of employment for Good Reason during the Applicable Period following the Change of Control, then (x) you will receive a payout with respect to your restricted equity units on the first business day that is at least six months and one day following the applicable separation from service (or, if earlier, within 10 days after the earlier of the date of your death or the last day of the Performance Period (determined without regard to the occurrence of the Change of Control)), (y) such payout will be based on the fair market value of the common equity security of the Surviving Company as of the fifth business day immediately preceding the date of such payment (or, if the payment is to be made within 10 days after the last day of the Performance Period (determined without regard to the occurrence of the Change of Control), then such payout amount will be based on the fair market value of the common equity security of the Surviving Company as of the last day of the Performance Period (determined without regard to the occurrence of the Change of Control)), and (z) solely in the case of Retirement (but not in the case of a separation from service described in subclause (I), (III), (IV) or (V) of this clause (C)), such payout shall be prorated based on the number of months you worked during the Performance Period (determined without regard to the occurrence of the Change of Control).

Any determination of fair market value required pursuant to clause (iv) or (v) of the preceding paragraph shall be made in good faith by the board of directors (or an authorized committee thereof) of the Surviving Company (which, in the case of a publicly-traded security, shall be based on the closing price of such security on the principal exchange upon which it is traded as of the applicable date).

As used herein, the term “Surviving Company” means the entity designated by the Committee on or before the Change of Control Date as resulting from the Change of Control.  For the avoidance of doubt, the Company may be the Surviving Company depending on the facts and circumstances 

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relating to the Change of Control.  As used herein, the term “Section 409A Change of Control” means a Change of Control (as defined in Section 2.8 of the Plan without regard to the last sentence of such section) that also constitutes a change in control event (as defined in Treasury regulation section 1.409A-3(i)(5)). 

Your PUs are subject to several restrictions, including that such PUs may not be transferred, sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, or disposed of to the extent then subject to restrictions.

If the Company is required to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, and if you knowingly engaged in the misconduct, were grossly negligent with respect to such misconduct, or knowingly or grossly negligently failed to prevent the misconduct (whether or not you are one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002), the Plan Administrator may determine that you shall reimburse the Company the amount of any payment in settlement of an Award earned or accrued during the twelve-month period following the first public issuance or filing with the United States Securities and Exchange Commission (whichever first occurred) of the financial document embodying such financial reporting requirement.

Notwithstanding anything in this Award Agreement or any other agreement between you and the Company to the contrary, including, without limitation, any provisions that prevent the Company from unilaterally amending this Award Agreement, you agree by accepting this Award that the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) has the effect of requiring certain officers of the Company to repay the Company, and for the Company to recoup from such officers, erroneously awarded amounts of incentive-based compensation.  If the Act, any rules or regulations promulgated thereunder by the Securities and Exchange Commission or any similar federal or state law requires the Company to recoup any erroneously awarded incentive-based compensation (including stock options and any other equity-based awards) that the Company has paid or granted to you, you hereby agree, even if you have terminated your employment with the Company, to promptly repay such erroneously awarded incentive compensation to the Company upon its written request.  This obligation shall survive the termination of this Award Agreement.

After your employment relationship with the Company terminates for any reason, you acknowledge and agree, by accepting the Award Agreement, that you remain subject to the following obligations (“Post-Termination Obligations”), which serve to align your interests with the Company’s long-term business interests.  The following Post-Termination Obligations are reasonably related to the protection of such business interests, including the preservation of the Company’s goodwill and the protection of the confidential information that you have obtained and will obtain in the course of your future employment with the Company.  

a.     Non-Disclosure.  You will comply with the obligations contained in the Anadarko Code of Business Conduct and Ethics that continue after termination of employment to not disclose or utilize certain confidential information of the Company and its affiliates as specified therein.  As an officer of the Company, the law imposes upon you a duty to safeguard and protect confidential information of the Company and its affiliates.  Except as expressly permitted by this Award Agreement and without limiting the foregoing, you shall not use for your own benefit or the benefit of any person or entity (other than the Company and its 

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affiliates), or disclose to any person or entity (other than the Company and its affiliates), any information relating to confidential information of the Company or its affiliates made, developed or acquired by or disclosed to you, individually or in conjunction with others, during your employment with the Company or its affiliates (whether during business hours or otherwise and whether on the Company’s premises or otherwise).  The non-disclosure requirements set forth in this paragraph (a) are subject to the provisions of paragraph (e) (“Disclosures”) below.

b.    Non-Disparagement.  For a term of one (1) year beginning on the last day of your employment with the Company, you shall make no disparaging remarks regarding or relating to Anadarko, its affiliates, or any employee or director of Anadarko or its affiliates.  The non-disparagement requirements set forth in this paragraph (b) are subject to the provisions of paragraph (e) (“Disclosures”) below.

c.    Non-Solicitation.  For a term of one (1) year beginning on the last day of your employment with the Company, you will not, directly or indirectly, solicit, or otherwise attempt to induce, any employee of the Company or any of its affiliates to terminate his or her employment with the Company or such affiliates, or hire or assist in the hiring of any such employee by any person, association, or entity not affiliated with the Company.  

d.    Remedies.  Should you violate any Post-Termination Obligation, you will not thereafter be entitled to payment with respect to any of the Awards subject to this Award Agreement that have not yet vested and become payable pursuant to the terms hereof, and such Awards shall be forfeited (without value) to the Company immediately as of the date that you violate such Post-Termination Obligation.  If your violation of any Post-Termination Obligation is not discovered until after any such Award has vested and been paid to you, the Company may require you to return to it the full amount of such payment (determined prior to the application of any applicable tax withholding).  Notwithstanding the foregoing, money damages would not be a sufficient remedy for any breach of a Post-Termination Obligation by you.  The Company shall be entitled as a matter of right to specific performance of the Post-Termination Obligations, including entry of an ex parte temporary restraining order in state or federal court, preliminary and permanent injunctive relief against activities in violation of this Award Agreement, or both, or other appropriate judicial remedy, writ or order, in any court of competent jurisdiction, restraining any violation or further violation of such agreements by you or others acting on your behalf, without any showing of irreparable harm and without any showing that the Company does not have adequate remedy at law.  The remedies specified herein shall not be construed as limiting the remedies available to the Company and shall be in addition to all other remedies available to the Company at law and in equity. If any term, provision, covenant or condition of the Post-Termination Obligations is held by a court of competent jurisdiction to be illegal, invalid, unenforceable, or void, and not correctable through modification, then such provision, covenant, or condition (or portion thereof) may be severed and the validity and enforceability of the remainder of this Award Agreement shall not in any way be affected, impaired or invalidated.
    
e.    Disclosures.  Nothing in this Award Agreement will prevent you from making disparaging remarks or disclosing Company confidential and proprietary information when compelled to do so by law or when such communications are intended to comply with any federal or state whistleblower statute including, but not limited to, information provided in a 

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manner described in Section 21F(h)(1)(A) of the Securities Exchange Act of 1934, as amended, 15 U.S.C. 78u-6(h)(1)(A).  Nothing in this Award Agreement will prevent you from: (i) making a good faith report of possible violations of applicable law to any governmental agency or entity or (ii) making disclosures that are protected under the whistleblower provisions of applicable law.  For the avoidance of doubt, nothing herein shall prevent you from making a disclosure of a trade secret that: (A) is made (1) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney; and (2) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  Further, an individual who files a lawsuit for retaliation by an employer of reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (X) files any document containing the trade secret under seal and (Y) does not disclose the trade secret, except pursuant to court order.

Please establish a Beneficiary Designation for your Long-Term Incentive Equity Awards online at [internal website address] or by contacting the Anadarko Benefits Center at 1-866-472-xxxx, option 1 and then option 1 again.  You may update your designation anytime.  

If you have any questions about this Award Agreement, please call me at 832-636-xxxx.

Sincerely,

8Exhibit

INC RESEARCH HOLDINGS, INC. 
2014 Equity Incentive Plan
Restricted Stock Unit Award Agreement
This Restricted Stock Unit Award Agreement (this “Agreement”) is made by and between INC Research Holdings, Inc., a Delaware corporation (the “Company”), and Name of Employee (the “Participant”), effective as of  INSERT EFFECTIVE  DATE  OF GRANT (the “Date of Grant”). 
RECITALS
WHEREAS, the Company has adopted the INC Research Holdings, Inc. 2014 Equity Incentive Plan (as the same may be amended and/or amended and restated from time  to time, the “Plan”), which Plan is incorporated herein by  reference  and  made a  part of  this Agreement,  and  capitalized  terms  not otherwise defined in this  Agreement  will  have  the  meanings ascribed to those terms in the Plan; and
WHEREAS, the Committee has authorized and approved the grant of  an  Award to the Participant of Restricted Stock Units payable in shares  of  Common Stock (the “Shares”),  subject to the terms and conditions set forth in the Plan and this Agreement.  
NOW THEREFORE, in consideration of the premises and mutual covenants set forth in this Agreement, the parties agree as follows:
		
	1.
	Grant of Restricted Stock Units.   The  Company  has  granted  to the Participant,  effective as of the Date of Grant, XXXX Restricted Stock Units, on the terms and conditions  set forth in the Plan and this Agreement, subject to adjustment as set forth in the Plan (the “RSUs”).  

		
	2.
	Vesting of RSUs.  Subject to the terms and conditions set forth in the Plan  and  this Agreement, the RSUs will vest as follows:

		
	(a)
	General.  Except as otherwise provided in Sections 2(b) and 4, the RSUs will vest in equal annual installments of ____% of the Shares over a ____-year  period on each anniversary of the Date of  Grant,  subject  to  the Participant’s  continued Service through each applicable vesting date.

		
	(b)
	Involuntary Termination in connection with Change in Control.  

(i)    The RSUs will become fully vested immediately upon the Participant’s termination of Service in the event that (A) the Participant’s Service is terminated by the Company for any reason other than Cause, death or Disability or (B) the Participant resigns for Good Reason, in each case, at the time of,  or  during the period commencing the date three (3) months prior to a Change in Control  and ending twenty-four (24) months following such Change in Control, the consummation of a Change in Control occurring after the Date of Grant.

(ii)    As used in this Agreement, “Cause,” “Change in Control,” and “Good Reason” shall have the meanings ascribed to such terms in the INC Research Holdings, Inc. Executive Severance Plan (the “Severance Plan”).
(iii)    This Section 2(b)  shall  be interpreted consistently with the provisions of the Severance Plan to give effect to the benefits intended to be provided under the Severance Plan.  Further, the vesting acceleration benefits provided under this Section 2(b) shall be subject to the conditions set forth in the Severance Plan.
(iv)    Any vesting acceleration provisions contemplated under this Section 2(b) shall be subject to the limitations provided in Section 5.5 of the Plan.
		
	3.
	Settlement of RSUs Upon Vesting.

Settlement in Stock.  RSUs vested as described in Section 2 above will be settled by delivering to Participant a number of Shares  equal to  the  number of vested RSUs on the date on which the RSUs vest; provided that RSUs that vest pursuant to Section 2(b) shall be settled as provided in the Severance Plan. 
		
	(a)
	Book-­Entry Registration of the Shares; Delivery of Shares.  As soon as  practical  after the RSUs vest pursuant to Section 2, the Company will  issue  the  Shares payable  pursuant  to  this  Agreement  by  registering such Shares  with  the  Company’s transfer agent (or  another  custodian  selected  by the Company) in  book-­entry form in the Participant’s name; provided that RSUs that  vest  pursuant to Section 2(b) shall be settled within the period and subject to the  conditions provided in  the Severance Plan.  In  any  case,  the  Company may  provide a reasonable delay in the issuance or delivery of the Shares to address Tax­-Related Items, withholding, and other administrative matters.  Neither  the  Company nor the Committee will be liable to the Participant or any other Person for damages relating to any delays  in issuing  the Shares  or  any mistakes  or errors  in the issuance of the Shares.

		
	(b)
	Shareholder Rights. The Participant will not have any rights of a stockholder with respect to the Shares subject to the RSUs, including voting and dividend rights, unless and until the Shares are delivered as described in Section 3(b) above.

		
	(c)
	Withholding  Requirements.   In  connection  with  the  delivery  of  Shares as  described in Section 3(b) above, the Participant agrees to make adequate arrangements satisfactory to the Company to meet the minimum statutory amount necessary to satisfy any applicable federal, state and  local  taxes,  domestic  or foreign, required by law or regulation to be withheld by one or a  combination of the following: (1) cash payment  by  the  Participant to the Company  prior  to the day of vesting of an amount that the Company will apply  to  the  required  withholding; (2) withholding from proceeds of the sale of Shares acquired upon vesting/settlement of the RSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf); (3) withholding from the Participant’s wages or other cash compensation paid to the 

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Participant by the Company; or (4) to the extent allowed by the Company in its discretion,  withholding  of Shares that would otherwise be delivered as described in Section 3(b) above.  For the purposes  of  alternative (4) above, any  Shares withheld shall be credited for purposes of the withholding requirements at the Fair Market Value of the Shares on the date that the tax withholding is  determined. In the  absence  of  an arrangement  by  the Participant  that is acceptable  to  the Company for payment of withholding obligations, the Company at its discretion shall establish the method of withholding from alternatives (2) through (4) above and  if  no election  is  made by  the Participant,  the  Company   may  elect  a mandatory sale arranged by the Company pursuant to Section 3(d)(2) above as the default method of withholding. Notwithstanding the preceding provisions of this Section 3(d), if the Participant is an officer of the Company  who  is subject  to Section 16  of  the Exchange Act as designated by the Board, then the Committee (as constituted  in accordance with Rule 16b-3 under the Exchange Act) shall establish the method of withholding from alternatives (2) through (4) above.  
		
	4.
	Forfeiture.   Notwithstanding  the  Change  in  Control vesting as stated in Section 2(b) above, any unvested RSUs will be forfeited immediately, automatically and without consideration  upon a termination of the Participant’s Service for any reason.  Without limiting the generality of the foregoing,  the  RSUs and the Shares (and any resulting proceeds) will continue to be subject to Section 13 of the Plan.

		
	5.
	Adjustment to RSUs.  In the event of any change with respect to the outstanding shares of Common Stock contemplated by Section 4.5 of the Plan, the RSUs may be adjusted in accordance with Section 4.5 of the Plan.

		
	6.
	Electronic Delivery and Acceptance.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an  on-line or  electronic system established and maintained by the Company or a third party designated by the Company.

		
	7.
	Miscellaneous Provisions

		
	(a)
	Securities Laws Requirements.  No Shares will be issued  or  transferred pursuant to this Agreement unless and until all then applicable requirements imposed by federal and state securities and other laws, rules and regulations and  by  any regulatory agencies having jurisdiction, and by any exchanges upon  which  the Shares may be listed, have  been  fully met.  As  a  condition  precedent  to the issuance of Shares pursuant to this Agreement, the Company may require the Participant to take any reasonable action to  meet  those requirements.  The  Committee may impose such conditions on any Shares issuable pursuant to this Agreement as it may deem advisable, including, without limitation,  restrictions under the Securities Act of 1933, as amended, under the requirements of any exchange upon which shares of the same class are then listed and under any blue sky or other securities laws applicable to those Shares.  

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	(b)
	Non-­Transferability.  The  RSUs  and the rights and privileges  conferred thereby shall be non-transferrable except as provided by  Section 15.3 of the Plan.  Any  shares of Common Stock delivered hereunder will be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the Securities and Exchange Commission,  any  stock  exchange upon  which  such  shares  are listed,  any  applicable federal  or  state  laws  and  any  agreement  with,  or policy of, the Company or the Committee to which the Participant is a party or subject, and the Committee may cause orders or designations to be placed upon  any certificate(s) or other document(s) delivered to the Participant, or on the books and  records of the Company’s transfer agent, to make appropriate reference to such restrictions.

		
	(c)
	No Right to Continued Service.  Nothing in this Agreement or the  Plan  confers upon the Participant any right to continue in Service for any period of specific duration  or  interfere  with  or  otherwise restrict  in any way the rights of the Company (or any Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby expressly reserved  by  each, to terminate  his or her Service at any time and for any reason, with or without Cause.

		
	(d)
	Notification.  Any notification required by the terms  of  this  Agreement will be given by the Participant (i) in a writing addressed to the Company at its principal executive office and will be deemed effective upon actual receipt when delivered by personal delivery or by registered or certified mail, with  postage  and  fees  prepaid, or (ii) by electronic transmission to the Company’s e-mail address of the Company’s General Counsel and will  be deemed effective upon  actual  receipt.  Any notification required by the terms of this Agreement will be given by the Company (x) in a writing addressed to the  address  that  the  Participant  most recently provided to the Company and will be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with  postage and fees prepaid, or (y)  by facsimile or electronic transmission to the Participant’s primary work fax number or e-mail address (as applicable) and will be deemed effective upon confirmation of receipt by the sender of such transmission.

		
	(e)
	Entire Agreement.  This Agreement and the Plan constitute the entire agreement between the  parties hereto  with regard to the subject matter  of this Agreement.  This Agreement and the Plan supersede any other agreements, representations or understandings (whether  oral  or  written  and  whether express or implied) that relate to the subject matter of this Agreement.

		
	(f)
	Waiver.  No waiver of any breach or condition of this  Agreement will be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature.

		
	(g)
	Successors and Assigns.  The  provisions  of  this  Agreement  will  inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s executor, personal representative(s), 

4
 

distributees,  administrator,  permitted transferees, permitted assignees, beneficiaries, and legatee(s), as  applicable,  whether or not any such person will have become a party to  this Agreement and have agreed in writing to be joined herein and be bound by the terms hereof.
		
	(h)
	Severability.  The provisions of this Agreement are severable, and if any  one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, then the remaining  provisions will nevertheless be binding and enforceable.

		
	(i)
	Amendment.  Except as otherwise provided in the Plan, this  Agreement  will not be amended unless the amendment is agreed to in writing by both the Participant and the Company.

		
	(j)
	Choice of Law; Jurisdiction.  This Agreement and all claims, causes of action or proceedings (whether in contract, in tort, at law or otherwise) that may be based upon, arise out  of  or relate to this Agreement  will  be  governed by the internal laws of the State of Delaware, excluding any conflicts or choice-of-law rule or principle that  might  otherwise  refer  construction or interpretation  of  this Agreement  to the  substantive  law of  another jurisdiction.  The Participant and each party to this Agreement agrees that it will  bring all claims, causes of action and proceedings (whether in contract, in tort, at law or otherwise)  that  may  be based upon, arise out of  or be related to the Plan and  this Agreement exclusively in the Delaware Court of Chancery  or, in  the event (but  only in  the event) that such court does not have subject matter  jurisdiction over  such claim,  cause of action  or  proceeding,  exclusively in  the United  States  District Court for the District of Delaware (the “Chosen Court”), and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Court, (ii) waives any objection to laying venue in any such proceeding in the Chosen Court, (iii) waives any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that service of process upon such party in any such claim or cause of action will  be effective if  notice is given  in accordance  with  this  Agreement.

		
	(k)
	Signature in Counterparts. This  Agreement  may  be  signed in  counterparts, manually or electronically, each of which will be an original, with the same effect as if the signatures to each  were upon the same instrument.

		
	(l)
	IRC Section 409A.  Anything in this  Agreement to the contrary notwithstanding, no RSUs that are settled as a result of the Participant’s termination of employment under Section 2(b) hereof that are non-qualified deferred compensation subject to Section 409A of the Code shall be settled unless the Participant experiences a “separation from service,” within the meaning of the Code (“Separation from Service”) or, in the case of  a settlement  event that is made  upon a  Change in Control, the Change in Control is a “change in control event” (within the meaning of the Treasury Regulations promulgated under Section 409A of the Code (“409A CIC  Event”).  Any  such RSUs that are  non-qualified  deferred  compensation 

5
 

subject to Section 409A, shall be settled, as applicable, within 60 days of the Separation  from  Service or  409A  CIC Event, provided that if the Change  in Control is not a 409A CIC Event, the RSUs shall be settled on  the 120th  day following  the  Separation  from  Service. If  the   Participant is  a  “specified  employee” within the meaning of Section 409A of the Code as of the date of the Separation from Service (as determined in accordance with the methodology established by the Company as in effect on  the  Date of Termination), any RSUs that are non-qualified deferred compensation that are payable upon a Separation from Service shall instead be  settled on  the first business day that  is  after  the earlier of (i) the date that is six months following the date of the Participant’s Separation from Service or (ii) the date of the  Participant’s death, to  the  extent such  delayed  payment is otherwise required in order to avoid a prohibited distribution under Section 409A(a)(2) of the Code, or any successor provision thereto.
		
	(m)
	Acceptance.  The Participant hereby acknowledges receipt of a copy  of the Plan and this Agreement.  The Participant has read and understands the terms and provisions of the Plan and this Agreement, and accepts the RSUs subject to all of the terms and conditions of  the  Plan  and  this Agreement.  In  the event  of  a conflict between any term or provision contained in this Agreement and a term or provision of  the  Plan, the applicable  term and provision of the Plan will govern and prevail.

[Signature page follows.]

6
 

IN WITNESS WHEREOF, the Company and the  Participant  have executed this Stock RSUs Award Agreement as of the date first written above. 

PARTICIPANT                    INC RESEARCH HOLDINGS, INC.

By:    /s/____________________________
Name: ______________________________
Title:    Chief Executive Officer

[Electronic Signature]                 
______________________________            
Participant Signature                    
Name: [Participant Name]
Acceptance Date: [Acceptance Date]

 [Signature Page – Restricted Stock Unit Award Agreement]

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