Document:

EX-10.2

 Exhibit 10.2 

HERITAGE FINANCIAL CORPORATION 

DEFERRED COMPENSATION PLAN 

PARTICIPATION AGREEMENT 

This Participation Agreement (“Participation Agreement”) is entered into as of January 2, 2014 (the “Award
Date”) by and between HERITAGE FINANCIAL CORPORATION (the “Company”) and DAVID A. SPURLING, an employee of the Company (the “Participant”). Except for terms defined herein, any capitalized
term in this Participation Agreement has the meaning ascribed to that term under the Heritage Financial Corporation Deferred Compensation Plan, as amended (the “Plan”). 

WHEREAS, the Company has adopted the Plan, effective July 1, 2012, as amended and restated August 29, 2012, and the
Committee has determined that the Participant is eligible to receive Company Contributions under the Plan subject to the terms and conditions set forth in the Plan and this Participation Agreement. 

WHEREAS, this Participation Agreement is being offered to the Participant in connection with the Participant’s entering into an
employment agreement with the Company concurrent herewith, and all rights and obligations set forth herein shall be strictly subject to and contingent upon the Participant entering into such employment agreement contemporaneous herewith. 

NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants of the parties hereto set forth in this
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby expressly covenant and agree as follows: 

Section 1. Company Contributions. 

(a) For Plan Years 2013 through (and including) 2015, the Company shall make Company Contributions, to be reflected in the Participant’s
Company Contribution Account, as determined in accordance with Exhibit A hereto. The performance metrics and targets in connection with such Company Contributions shall be established each year in the sole discretion of the Committee,
following consultation with the Chief Executive Officer of the Company. In the event Company performance relative to the established performance metrics and targets is impacted by a decision or activity that is outside of the Company’s current
annual financial plan, but supports the Company’s long-term strategic plan, the Committee shall give consideration to overall corporate results and achievements. The Committee may exercise discretion regarding the performance metrics used to
assess overall corporate performance relative to both the Company’s current annual financial plan and long-term strategic plan when determining Company Contributions. Decisions and activities that may occur that are outside of the
Company’s current annual financial plan may include acquisitions, acquisition-related accounting issues, changes in FDIC premiums, special assessments, gains or losses on bank-owned properties and other events that were not foreseeable at the
time the Company’s current annual financial plan was prepared. 

  
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 (b) Any Company Contributions made pursuant to this Participation Agreement shall be reflected in
the Participant’s Company Contribution Account effective as of the January 1 immediately following the Plan Year to which the Company Contribution relates. 

(c) In order to be eligible to receive a Company Contribution for a Plan Year, the Participant must (i) have a performance rating of at
least “satisfactory” for the Plan Year to which the Company Contribution relates (as determined by the Committee) and (ii) not have incurred a Separation from Service prior to the end of the Plan Year to which the Company Contribution
relates; provided, however, that the Participant shall be eligible to receive a pro rata Company Contribution for any Plan Year during which the Participant incurs a Separation from Service due to the Participant’s Disability or
death, termination by the Company without Cause or termination by the Participant for Good Reason or following age 65, with such pro rata Company Contribution based upon the number of days in such Plan Year prior to the Participant’s
Separation from Service and actual Company performance for the entire Plan Year. 
 Section 2. Company Contribution Account.
The Participant’s Company Contribution Account shall, in accordance with the Plan, be credited with the Interest Rate as of each Valuation Date until all amounts in such Company Contribution Account have been fully distributed or
forfeited. 
 Section 3. Vesting and Forfeiture of Company Contribution Account 

(a) Subject to Section 3(b), Section 3(c) and Section 3(d) below, the portion of the Participant’s Company
Contribution Account attributable to this Participation Agreement shall vest in accordance with the following schedule, with no pro rata vesting, provided that the Participant has not incurred a Separation from Service prior to the respective
vesting date: 
  

			
	 Percentage of Company Contribution
	 	 Vesting Date

	Initial 10%	 	Award Date
		
	Additional 15%	 	January 1, 2015
		
	Additional 15%	 	January 1, 2016
		
	Additional 20%	 	January 1, 2017
		
	Additional 20%	 	January 1, 2018
		
	Final 20%	 	January 1, 2019

 (b) The Participant’s entire Company Contribution Account shall fully vest upon (i) a Change in
Control that occurs on or before the Participant’s Separation from Service, (ii) the Participant’s Disability, and (iii) the Participant’s death. 

  
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 (c) In the event the Participant’s Separation from Service, other than as provided in
Section 3(b) above and other than for Cause, occurs prior to the vesting of the Participant’s Company Contribution Account, the Participant shall forfeit all rights, title and interest in and to any unvested amounts in the
Participant’s Company Contribution Account as of the Participant’s Separation from Service. 
 (d) In the event of the
Participant’s Separation from Service for Cause, the Participant shall forfeit all rights, title and interest in and to any vested and unvested amounts in the Participant’s Company Contribution Account as of the Participant’s
Separation from Service. 
 Section 4. Distribution of Company Contribution Account 

(a) Distribution Events. 

(i) Subject to Section 15(l) of the Plan, distribution of the vested portion of the Participant’s Company Contribution Account
shall commence on the fifth day of the month following the later to occur of the Participant’s attainment of age 67 or the Participant’s Separation from Service other than due to the Participant’s Disability or death. 

(ii) Notwithstanding Section 4(a)(i) above, in the event of the Participant’s Disability or death, distribution of the
vested portion of the Participant’s Company Contribution Account shall commence on the fifth day of the month following such Disability or death. 

(b) Form of Distribution. 

(i) Subject to Section 15(l) of the Plan, in the event of distribution of the Participant’s Company Contribution Account due to the
Participant’s attainment of age 67 or the Participant’s Separation from Service other than due to the Participant’s Disability or death, such distribution shall be paid in 24 equal monthly installments; provided,
however, that if such Separation from Service occurs within 24 months following a Change in Control, such distribution shall be in a lump sum. 

(ii) In the event of distribution of the Participant’s Company Contribution Account due to the Participant’s Disability or death,
such distribution shall be in a lump sum. 
 (c) Change in Distribution. The Participant may elect to change the timing of
distribution set forth in this Section 4 to a later date, in accordance with Code Section 409A and such rules and procedures as the Company may prescribe, subject to the following: 

(i) Such election may not take effect until at least 12 months after the date it is filed with the Company; 

(ii) Such election must be made not later than 12 months prior to the first scheduled payment date; and 

  
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 (iii) To the extent required under Code Section 409A, the revised payment date must be not
sooner than the five-year anniversary of the previously-scheduled payment date. 
 Section 5. Miscellaneous 

(a) Restrictive Covenants. The Participant shall be bound by the restrictive covenants and other terms and conditions set forth in
Exhibit B hereto. 
 (b) Tax Withholding. The Company may withhold any taxes that are required to be withheld from the
benefits provided under this Participation Agreement and the Plan. The Participant acknowledges that the Company’s sole liability regarding taxes is to forward any amounts withheld to the appropriate taxing authorities and to satisfy all
applicable reporting requirements. 
 (c) Plan Governs. Notwithstanding any provision of this Participation Agreement to the
contrary, this Participation Agreement is subject to the terms of the Plan, a copy of which may be obtained by the Participant from the Company. This Participation Agreement is subject to all interpretations, amendments, rules and regulations
promulgated by the Committee from time to time pursuant to the Plan. Notwithstanding anything in this Participation Agreement to the contrary, in the event of any discrepancy between the corporate records of the Company and this Participation
Agreement, the corporate records of the Company shall control. 
 (signature page follows) 

  
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 IN WITNESS WHEREOF, each of the parties hereto has caused this Participation Agreement to
be executed as of the Award Date. 
  

			
	HERITAGE FINANCIAL CORPORATION
		
	By:	 	 /s/ Brian L. Vance

		
	Its:	 	 Chief Executive Officer

	
	PARTICIPANT
	
	 /s/ David A. Spurling

	DAVID A. SPURLING

  
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 Exhibit A 

Company Contribution – 2013 Plan Year 

Pursuant to Section 1 of the Participation Agreement, a Company Contribution shall be made for the 2013 Plan Year contingent upon achievement of the
applicable “Performance Metrics” set forth in the table immediately below. 
 If actual ROAA is below the Minimum for the 2013 Plan Year, the
Company Contribution with respect to the ROAA Performance Metric shall be 0% of the Participant’s Annual Base Salary as in effect on December 31, 2013. If actual ROAA is at the Minimum for the 2013 Plan Year, the Company Contribution
with respect to the ROAA Performance Metric shall be 5% of the Participant’s Annual Base Salary as in effect on December 31, 2013. If actual ROAA is at or above the Maximum for the 2013 Plan Year, the Company Contribution with respect
to the ROAA Performance Metric shall be 17.5% of the Participant’s Annual Base Salary as in effect on December 31, 2013. If actual ROAA is at the Target for the 2013 Plan Year, the Company Contribution with respect to the ROAA
Performance Metric shall be 10% of the Participant’s Annual Base Salary as in effect on December 31, 2013. If actual ROAA is between the Minimum and the Target or the Maximum and the Target for the 2013 Plan Year, the Company
Contribution shall be determined based upon linear interpolation. For example, if actual ROAA is 0.525% for the 2013 Plan Year, the Company Contribution with respect to the ROAA Performance Metric shall be 7.5% of the Participant’s Annual Base
Salary as in effect on December 31, 2013; and if such ROAA is 0.675%, such Company Contribution shall be 13.75%. 
 The Company Contribution with
respect to the Originated NPAs/Total Assets Performance Metric shall be calculated in the same manner (as described in the immediately preceding paragraph) as the Company Contribution with respect to the ROAA Performance Metric. 

2013 Plan Year Performance Criteria and Company Contribution Percentages 

 

															
	 Performance Metric*
	  	Weighting	  	Minimum*	  	Target*	  	Maximum*	  	Actual
Performance
Result	 	Company
Contribution‡	 
	 ROAA
	  	50%	  	0.45%
 (5%
Company
Contribution)
	  	0.6%
 (10%
Company
Contribution)
	  	0.75%
(17.5%
Company
Contribution)	  	$            	 	 	    	% 
	 Originated NPAs/Total Assets
	  	50%	  	1.3%
 (5%
Company
Contribution)
	  	1.1%
 (10%
Company
Contribution)
	  	0.9%
 (17.5%
Company
Contribution)
	  	    %	 	 	    	% 
	 Total 2013 Plan Year Company Contribution
	 	 	    	% 

  

	*	The above Performance Metrics and Minimums, Targets and Maximums shall be established each year in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

	‡	As % of Annual Base Salary as of December 31, 2013. 

 Company Contribution
Opportunities (as % of Annual Base Salary) 
  

							
	 	  	ROAA (50%)	 	Originated NPAs/Total
Assets (50%)	 	Total Company
Contribution (as % of
Annual Base Salary†)
	 Minimum
	  	5%	 	5%	 	10.00%
	 Target
	  	10%	 	10%	 	20.00%
	 Maximum or above
	  	17.5%	 	17.5%	 	35.00%

  

	†	As in effect on December 31 of the applicable Plan Year. 

  
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 Exhibit B 

Restrictive Covenants 

(a) Restrictive Covenants. The Participant hereby acknowledges and agrees that the non-competition, non-solicitation and other
restrictive covenants (the “Restrictive Covenants”) set forth in Section 6 of that certain Employment Agreement made and entered into by and between the Participant and the Company, effective January 1, 2014 (the
“Employment Agreement”), are hereby incorporated into this Participation Agreement by reference as if fully and independently restated herein. Such Restrictive Covenants shall only be modified for purposes of this Participation
Agreement by an amendment of this Participation Agreement by the parties hereto in writing and shall be unaffected by any amendment or termination of the Employment Agreement unless this Participation Agreement is amended independently. 

(b) Remedies for Breach of Restrictive Covenants. The Participant has reviewed the provisions of this Exhibit B
with legal counsel, or has been given adequate opportunity to seek such counsel, and the Participant acknowledges and expressly agrees that the covenants contained in this Exhibit B are reasonable with respect to their duration,
geographical area and scope. The Participant further acknowledges that the restrictions contained in this Exhibit B are reasonable and necessary for the protection of the legitimate business interests and confidential information of
the Company, that they create no undue hardships, that any violation of these restrictions would cause substantial injury to the Company and such interests, and that such restrictions were a material inducement to the Company to enter into this
Participation Agreement. In the event of any violation or threatened violation of the restrictions contained in this Exhibit B, in addition to and not in limitation of, any other rights, remedies or damages available to the Company
under this Participation Agreement or otherwise at law or in equity, 
 i. The Company shall be entitled to preliminary and
permanent injunctive relief to prevent or restrain any such violation by the Participant and any and all persons directly or indirectly acting for or with the Participant, as the case may be; and 

ii. The Participant shall forfeit all rights, title and interest in and to any vested and unvested amounts in the
Participant’s Company Contribution Account. 
 (c) Condition Precedent. Compliance with the Restrictive Covenants shall
be a condition precedent to distribution of any amounts from the Participant’s Company Contribution Account. 
 (d) Similar
Restrictive Covenants. In the event of the existence of any other agreement between the Participant and the Company or an affiliate that (i) is in effect during the restricted periods under the Restrictive Covenants, and
(ii) contains restrictive covenants that conflict with any of the provisions of this Exhibit B, then the more restrictive of such provisions from the agreements shall control for the period during which the agreements would
otherwise be in effect. 

  
 7EX-10.1

 Exhibit 10.1 

QUINTILES TRANSNATIONAL HOLDINGS INC. 

EMPLOYEE STOCK PURCHASE PLAN 

 QUINTILES TRANSNATIONAL HOLDINGS INC. 

EMPLOYEE STOCK PURCHASE PLAN 

QUINTILES TRANSNATIONAL HOLDINGS INC. 

Certificate 
 I, James H.
Erlinger III, Executive Vice President, General Counsel and Secretary of Quintiles Transnational Holdings Inc., having in my custody and possession the corporate records of said corporation, do hereby certify that attached hereto is a true and
correct copy of the Quintiles Transnational Holdings Inc. Employee Stock Purchase Plan as currently in effect. 
 WITNESS my hand this 3rd
day of January, 2014. 
  

	
	
	/s/ James H. Erlinger III
	As Aforesaid

 QUINTILES TRANSNATIONAL HOLDINGS INC. 

EMPLOYEE STOCK PURCHASE PLAN 

1. Purpose; Effective Date; Sub-plans. The Quintiles Transnational Holdings Inc. Employee Stock Purchase Plan (the “Plan”)
has been established by Quintiles Transnational Holdings Inc. (the “Company”) effective as of March 1, 2014 (the “Effective Date”) to provide eligible employees of Participating Companies with an opportunity to become owners
of the Company through the purchase of shares of common stock of the Company (“Common Stock”). It is intended that the Plan, and all rights granted hereunder, will meet the requirements of an “employee stock purchase plan” within
the meaning of Section 423 of the Code and the Plan and shall be interpreted and construed in all respects so as to be consistent with such requirements. The Plan shall remain in effect until all shares reserved for issuance hereunder have been
issued or until the Plan is otherwise terminated in accordance with the provisions of Section 11 hereof. Notwithstanding the foregoing or any provision of the Plan to the contrary, the Committee or its designee may, in its sole discretion,
amend the terms of the Plan, or an Option, in order to reflect the impact of local law outside of the United States as applied to one or more Eligible Employees of a Non-U.S. Participating Company and may, where appropriate, establish one or more
sub-plans to reflect such amended provisions; provided, however, in no event shall any sub-plan (a) be considered part of the Plan for purposes of Section 423 of the Code or (b) cause the Plan (other than the sub-plan) to fail to
satisfy the requirements of Section 423 of the Code. In the event of any inconsistency between a sub-plan and the Plan document, the terms of the sub-plan shall govern. 

2. Defined Terms. For purposes of the Plan, the following terms shall have the meaning specified. 

 

	 	a.	Administrator. The term “Administrator” is defined in Section 9 hereof. 

  

	 	b.	Base Pay. The term “Base Pay” means, for any period, an Eligible Employee’s regular rate of basic cash compensation (excluding commissions and variable compensation) from the Company or a
Participating Company for that period. 

  

	 	c.	Code. The term “Code” means the Internal Revenue Code of 1986, as amended, and, where applicable, includes Treasury regulations issued thereunder. 

 

	 	d.	Committee. The term “Committee” is defined in Section 9 hereof. 

  

	 	e.	Eligible Employee. For any Offering Period, the term “Eligible Employee” means any employee of a Participating Company who has been an employee of the Company or an affiliate of the Company for at least
12 full consecutive months, other than employees in salary grades 39 and above, and who is an employee of a Participating Company on the first day of the Offering Period. 

 

	 	f.	Exercise Date. The term “Exercise Date” means the last day of each Offering Period (or, if such day is not a trading day in the U.S., the next such preceding trading day). If the Company’s stock is
not listed or admitted to trading on a publicly traded exchange on the last day of the Offering Period, and the last day of the relevant Offering Period is not a trading day in the U.S., then the Exercise Date shall be the next preceding U.S.
trading day. 

  
 1 

	 	g.	Exercise Price. For any Offering Period, the term “Exercise Price” means 85% of the Fair Market Value of a share of Common Stock on the Exercise Date, rounded up to the nearest cent. 

 

	 	h.	Fair Market Value. The “Fair Market Value” of a share of Common Stock as of any date shall be determined in accordance with the following: 

 

	 	(i)	If, as of the applicable date, the Common Stock is listed or admitted to trading on any stock exchange, then the Fair Market Value shall be the closing price per share of Common Stock on such date on the principal
exchange on which the Common Stock is then listed or admitted to trading or, if no such sale is reported on that date, on the last preceding date on which a sale was so reported. 

 

	 	(ii)	If, as of the applicable date, the Common Stock is not listed or admitted to trading on a stock exchange, the Fair Market Value shall be the closing price of a share of Stock on the day preceding the date in question in
the over-the-counter market, as such price is reported in a publication of general circulation selected by the Company and regularly reporting the market price of Common Stock in such market. 

 

	 	(iii)	If the Common Stock is not listed or admitted to trading on any stock exchange or traded in the over-the-counter market, the Fair Market Value shall be as determined by the Committee in good faith. 

 

	 	i.	Grant Date. The term “Grant Date” means the first day of each Offering Period. 

  

	 	j.	Non-U.S. Participating Company. The term “Non-U.S. Participating Company” means any Participating Company which employs only employees who reside outside of the United States. A Non-U.S. Participating
Company shall cease to be a Non-U.S. Participating Company on the date specified by the Company or the Committee. Participating Companies as of the Effective Date (including Non-U.S. Participating Companies) are listed in Appendix A to the Plan.

  

	 	k.	Offering Period. The term “Offering Period” means the period beginning on March 1, 2014 and each six month period commencing thereafter beginning on each September 1 and March 1,
respectively. 

  

	 	l.	Option. The term “Option” is defined in Section 5 hereof. 

  

	 	m.	Participant. With respect to any Offering Period, the term “Participant” means an Eligible Employee who has elected to participate in the Plan for that Offering Period by filing a Participation Election
for such Offering Period. 

  
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	 	n.	Participating Company. The term “Participating Company” means any Subsidiary which has been designated as a Participating Company for purposes of the Plan by the Company or the Committee. A
Participating Company shall cease to be a Participating Company on the date specified by the Company or the Committee. Participating Companies as of the Effective Date (including any Non-U.S. Participating Companies) are listed in Appendix A to the
Plan. 

  

	 	o.	Participation Election. The term “Participation Election” means, for any Offering Period, a Participant’s election to participate in the Plan for that Offering Period and to authorize payroll
deductions under the Plan for that Offering Period, which election shall be made in the time, form and manner specified by the Committee (which may include electronically). A Participant’s Participation Election for an Offering Period will
remain in effect for the entire Offering Period unless suspended or revoked earlier in accordance with the terms of the Plan. 

  

	 	p.	Plan Account. The term “Plan Account” means a separate bookkeeping account maintained for each Participant, which reflects the accumulated payroll deductions made on behalf of the Participant for any
Offering Period, reduced for any distributions from such Plan Account pursuant to the provisions of the Plan. 

  

	 	q.	Securities Act. The term “Securities Act” means the Securities Act of 1933, as amended. 

  

	 	r.	Subsidiary. The term “Subsidiary” means a subsidiary corporation with respect to the Company as determined in accordance with Section 424(f) of the Code. 

3. Shares Subject to Plan.  
  

	 	a.	Shares Reserved. The shares of Common Stock which may be issued under the Plan shall be shares currently authorized but unissued or currently held or subsequently acquired by the Company or shares purchased in
the open market or in private transactions (including shares purchased in the open market with Participants’ Plan Account balances under the Plan). Subject to the provisions of Section 3(c), the number of shares of Common Stock which may
be issued under the Plan shall not exceed 2,500,000 shares. 

  

	 	b.	Reusage of Shares. In the event of the expiration, withdrawal, termination or other cancellation of an Option under the Plan, the number of shares of Common Stock that were subject to the Option but not delivered
shall again be available for issuance under the Plan. 

  

	 	c.	 Adjustments to Shares Reserved. In the event of any transaction involving the Company (including, without limitation, any merger,
consolidation, reorganization, recapitalization, spinoff, stock dividend, extraordinary cash dividend, stock split, reverse 

  
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stock split, combination, exchange or other distribution with respect to shares of Common Stock or other change in the corporate structure or capitalization affecting the Common Stock), the
Committee shall make such adjustments to the Plan and Options under the Plan as the Committee determines appropriate in its sole discretion to preserve the benefits or potential benefits of the Plan and the Options. Action by the Committee may
include (i) adjustment of the number and kind of shares which are or may be subject to Options under the Plan, (ii) adjustment of the number and kind of shares subject to outstanding Options under the Plan, (iii) adjustment to the
Exercise Price of outstanding Options under the Plan, (iv) cancellation of outstanding Options, and (v) any other adjustments that the Committee determines to be equitable. 

 

	 	d.	Insufficient Shares. If, on an Exercise Date, Participants in the aggregate have outstanding Options to purchase more shares of Common Stock than are then available for purchase under the Plan, each Participant
shall be eligible to purchase a reduced number of shares of Common Stock on a pro rata basis and any excess payroll deductions shall be returned to such Participants, without interest, all as provided by uniform and nondiscriminatory rules adopted
by the Committee. 

 4. Participation. An individual who is an Eligible Employee on the first day of an Offering Period
may elect to become a Participant in the Plan for that Offering Period by completing and filing a Participation Election in accordance with rules and procedures established by the Administrator. Notwithstanding any other provision of the Plan,
individuals who are not treated as common law employees by the Company or a Participating Company on their payroll records are excluded from Plan participation even if a court or administrative agency determines that such individuals are common law
employees and not independent contractors. No employee of the Company or any Participating Company shall be eligible to participate in the Plan if the Committee determines that such participation could be in violation of any local law and that it is
permissible to exclude such employees from participation in the Plan under Section 423 of the Code. 
 5. Grant of Options. As
of each Grant Date, each Eligible Employee who is a Participant for such Offering Period shall be deemed to have been granted an “Option” under the Plan which, subject to the terms and conditions of the Plan, grants the Participant the
right to purchase shares of Common Stock under the Plan on the Exercise Date and at the Exercise Price. Notwithstanding the foregoing: 
  

	 	a.	no Participant shall be granted an Option to purchase shares of Common Stock on any Grant Date if such Participant, immediately after the Option is granted, owns stock possessing 5% or more of the total combined voting
power or value of all classes of stock of the Company, or any Subsidiary; 

  

	 	b.	no Participant may purchase under the Plan (or any other employee stock purchase plan of the Company or any Subsidiary) in any calendar year shares of Common Stock having a Fair Market Value (as determined as of the
Grant Date) in excess of $25,000; 

  
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	 	c.	no Participant shall be granted an Option to purchase a number of shares of Common Stock that exceeds 10,000 for any Offering Period. 

The provisions of Section 5(b) shall be interpreted in accordance with Section 423(b)(8) of the Code. For purposes of this Section 5, the rules
of Section 424(d) of the Code shall apply in determining the stock ownership of an individual. 
 6. Payroll Deductions. Payroll
deductions pursuant to a Participant’s Participation Election shall commence with the first payroll period ending after the first day of the Offering Period to which the Participation Election relates. Payroll deductions under the Plan shall be
subject to the following: 
  

	 	a.	Source and Amount of Payroll Deductions. Payroll deductions shall be made from the Base Pay paid to each Participant for each payroll period in such amounts as the Participant shall authorize in his Participation
Election. Subject to the provisions of Section 5, the Committee may, from time to time, establish uniform and nondiscriminatory minimum and maximum payroll deductions for any period and other rules relating to elections. Unless otherwise
specified by the Committee, a Participant’s payroll deductions for any payroll period may not be less than one percent or more than ten percent of Base Pay. Except as provided in Section 7, a Participant may not change his payroll
deductions during an Offering Period. 

  

	 	b.	Insufficient Pay. If a Participant’s Base Pay is insufficient in any payroll period to allow the entire payroll deduction contemplated under the Plan and his Participation Election, no deduction will be made
for such payroll period. Payroll deductions will resume with the next payroll period in which the Participant has Base Pay sufficient to allow for the deductions. Payroll deductions under the Plan shall be made in any payroll period only after other
withholdings, deductions, garnishments and the like have been made, and only if the remaining Base Pay is sufficient to allow the entire payroll deduction contemplated. 

 

	 	c.	Participant’s Plan Account. All payroll deductions made with respect to a Participant shall be credited to his Plan Account under the Plan. A Participant may participate in the Plan only through payroll
deductions and no other contributions will be accepted. No interest will accrue or be paid on any amount credited to a Participant’s Plan Account (or withheld from a Participant’s pay). Except as otherwise provided in Sections 7(b) or
7(c), all amounts in a Participant’s Plan Account will be used to purchase shares of Common Stock and no cash refunds will be made from such Plan Account. Any amounts remaining in a Participant’s Plan Account as of any Exercise Date after
the purchase of shares described herein shall be carried over to the next Offering Period and shall be used as of the next Exercise Date to purchase shares of Common Stock under the Plan in accordance with the terms hereof, subject to the provisions
of Section 7(b) regarding withdrawal of participation in the Plan, and provided the Participant participates in the Plan in such next Offering Period. 

  
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 7. Termination of Participation. 

 

	 	a.	Voluntary Suspension of Contributions. A Participant may, at any time and for any reason, voluntarily suspend contributions to the Plan during an Offering Period by notification of suspension delivered to the
appropriate payroll office at least 10 business days (or such other period provided by the Committee) before the payroll period in which such suspension is to be effective. If a Participant elects to suspend contributions during an Offering Period,
his payroll deductions for the remainder of the Offering Period shall cease (and he shall not be permitted to resume payroll deductions for the remainder of the Offering Period) and the balance in his Plan Account determined as of the effective date
of his suspension shall be used as of the next Exercise Date to purchase shares of Common Stock under the Plan in accordance with the terms hereof. 

  

	 	b.	Withdrawal. A Participant (including a Participant who previously elected to have contributions suspended in accordance with Section 7(a)), may, at any time and for any reason, voluntarily withdraw from
participation in the Plan for an Offering Period by notification of withdrawal delivered to the appropriate payroll office at least 10 business days (or such other period provided by the Committee) before the next payroll period in which the
withdrawal is to be effective. If a Participant elects to withdraw from participation during an Offering Period, his participation in the Plan for that Offering Period shall terminate, his payroll deductions for the remainder of the Offering Period
shall cease (and he shall not be permitted to resume payroll deductions for the remainder of the Offering Period), the balance in his Plan Account determined as of the effective date of his withdrawal shall be paid to him in cash as soon as
practicable following the effective date of his withdrawal and no shares of Common Stock will be purchased on behalf of the Participant for the Offering Period in which the withdrawal occurs. A Participant’s withdrawal from the Plan during an
Offering Period shall have no effect on his eligibility to participate in a subsequent Offering Period. 

  

	 	c.	Termination of Employment. A Participant’s participation in the Plan shall be automatically terminated immediately upon termination of his employment with the Company and the Participating Companies for any
reason and the balance in his Plan Account determined on his termination date shall be paid to him in cash as soon as practicable following his termination date and no shares of Common Stock will be purchased on behalf of the Participant for the
Offering Period in which the termination date occurs. 

 8. Exercise of Option/Purchase of Shares. 

 

	 	a.	Exercise of Option. On each Exercise Date, each Participant whose participation in the Plan for that Offering Period has not terminated shall be deemed to have exercised his Option with respect to that number of
whole shares of Common Stock equal to the quotient of (i) the balance in the Participant’s Plan Account as of the Exercise Date and (ii) the Exercise Price. 

  
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	 	b.	Restriction on Transfer of Shares. Shares of Common Stock purchased under the Plan shall remain in the Participant’s brokerage account as established by the Company for the purpose of holding shares of
Common Stock purchased under the Plan, for a period of eighteen months following the Exercise Date, and may not be sold, transferred or otherwise disposed of prior to the end of such 18-month period, unless the Participant terminates employment due
to death, disability, or retirement. 

  

	 	c.	Statements. As soon as practicable after each Exercise Date, a statement shall be made available to each Participant which shall include the number of shares of Common Stock purchased on the Exercise Date on
behalf of such Participant under the Plan. 

  

	 	d.	Registration/Certificates. Shares of Common Stock purchased by a Participant under the Plan shall be issued in the name of the Participant. Shares of Common Stock will be uncertificated; provided, however, that
the Administrator shall have the discretion to establish procedures regarding the provision of stock certificates in the event such certificates are requested by a Participant. 

 

	 	e.	Excess Plan Account Balances. Any amounts remaining in a Participant’s Plan Account as of any Exercise Date after the purchase of shares described herein shall be carried over to the next Offering Period and
shall be used as of the next Exercise Date to purchase shares of Common Stock under the Plan in accordance with the terms hereof, subject to the provisions of Section 7(b) regarding withdrawal of participation in the Plan, and provided the
Participant participates in the Plan in such next Offering Period. 

 9. Administration. The Plan shall be administered
by a Committee appointed by the Company’s Board of Directors (the “Committee”). The Committee shall have the authority to appoint an “Administrator” of the Plan. Subject to the terms and conditions of the Plan, the Committee
shall have the authority and duty to (a) manage and control the operation of the Plan; (b) conclusively interpret and construe the provisions of the Plan, and prescribe, amend and rescind rules, regulations and procedures relating to the
Plan; (c) correct any defect or omission and reconcile any inconsistency in the Plan; (d) determine whether and to what extent a company will be a Participating Company; and (e) make all other determinations and take all other actions
as it deems necessary or desirable for the implementation and administration of the Plan. The Administrator shall perform such functions with respect to the Plan as the Committee and the Administrator agree. The determination of the Committee and
the Administrator, respectively, on matters within their respective authorities shall be conclusive and binding on the Company, the Participating Companies, the Participants and all other persons. Any decision of the Committee shall be made by a
majority of its members. 
 10. Miscellaneous. 
  

	 	a.	 Compliance with Applicable Laws; Limits on Issuance. Notwithstanding any other provision of the Plan, the Company shall have no liability to
deliver any shares of Common Stock under the Plan unless such delivery or distribution would comply with all 

  
 7 

	 	
applicable laws, including, without limitation, the requirements of the Securities Act, and the applicable requirements of any securities exchange or similar entity on which the Common Stock is
listed. Prior to the issuance of any shares of Common Stock under the Plan, the Company may require a written statement that the recipient is acquiring the shares for investment and not for the purpose or with the intention of distributing the
shares and will not dispose of them in violation of the registration requirements of the Securities Act. All shares of Common Stock acquired pursuant Options granted hereunder shall be subject to any applicable restrictions contained in the
Company’s By-laws. In addition, the Committee may impose such restrictions on any shares of Common Stock acquired pursuant to the exercise of Options as it may deem advisable, including, without limitation, restrictions under applicable
securities laws, under the requirements of any stock exchange or market upon which such Common Stock is then listed and/or traded, and restrictions under any blue sky or state securities laws applicable to such Common Stock. 

 

	 	b.	Transferability. 

  

	 	(i)	Transferability of Stock Purchase Rights, Plan Account Balances. Neither the right of a Participant to purchase shares of Common Stock hereunder, nor his Plan Account balance, may be transferred, pledged or
assigned by the Participant other than by will or the laws of descent and distribution and an Option granted under the Plan may be exercised during a Participant’s lifetime only by the Participant. 

 

	 	(ii)	Transferability of Shares. Shares of Common Stock purchased hereunder shall be subject to such restrictions on the sale, transfer or other disposition of shares as may be imposed by the Committee or the
Administrator at the beginning of the relevant Offering Period. 

  

	 	c.	Notices. Any notice or document required to be filed with the Committee or Administrator, as applicable, under or with respect to the Plan will be properly filed if delivered or mailed by registered mail, postage
prepaid (or in such other form acceptable to the Committee or the Administrator, as applicable), if to the Committee, at the Company’s principal executive offices and, if to the Administrator, at the Administrator’s principal executive
offices. The Committee and Administrator may, by advance written notice to affected persons, revise any notice procedure applicable to it from time to time. Any notice required under the Plan may be waived by the person entitled to notice.

  

	 	d.	 Withholding. All amounts withheld pursuant to the Plan, shares of Common Stock issued hereunder and any payments pursuant to the Plan are
subject to withholding of all applicable taxes and the Company and the Participating Companies shall have the right to withhold from any payment or distribution of shares or to collect as a condition of any payment or distribution under the Plan, as
applicable, any taxes required by law to be withheld. To the extent provided by the Committee, a Participant may elect to have any 

  
 8 

	 	
distribution of shares otherwise required to be made pursuant to the Plan to be withheld or to surrender to the Company or its subsidiaries shares of Common Stock already owned by the Participant
to fulfill any tax withholding obligation; provided, however, in no event shall the fair market value of the number of shares so withheld (or accepted) exceed the amount necessary to meet the minimum Federal, state and local marginal tax rates then
in effect that are applicable to the Participant and to the particular transaction. 

  

	 	e.	Limitation of Implied Rights. The Plan does not constitute a contract of employment or continued service and participation in the Plan will not give any employee the right to be retained in the employ of the
Company or any Participating Company or any right or claim to any benefit under the Plan unless such right or claim has specifically accrued under the terms of the Plan. Participation in the Plan by a Participant shall not create any rights in such
Participant as a stockholder of the Company until shares of Common Stock are registered in the name of the Participant. 

  

	 	f.	Evidence. Evidence required of anyone under the Plan may be by certificate, affidavit, document or other information which the person acting on it considers pertinent and reliable, and signed, made or presented
by the proper party or parties. 

  

	 	g.	Gender and Number. Where the context admits, words in one gender shall include the other gender, words in the singular shall include the plural and the plural shall include the singular. 

 

	 	h.	Use of Payroll Deductions. All payroll deductions made under the Plan may be used by the Company for any corporate purpose and the Company shall not be obligated to segregate such payroll deductions except as
required by applicable law. 

  

	 	i.	Governing Law and Forum. The laws of the State of North Carolina will govern all matters relating to the Plan except to the extent it is superseded by the laws of the United States. For purposes of litigating any
dispute that arises directly or indirectly from the relationship of the parties under the Plan, the parties hereby submit to and consent to the exclusive jurisdiction of the State of North Carolina and agree that such litigation shall be conducted
only in the courts of Durham County, North Carolina, or the federal courts for the United States for the Middle District of North Carolina, and no other courts, where this grant of Options is made and/or to be performed. 

11. Amendment or Termination of Plan. The Board of Directors of the Company may, at any time and in any manner, amend, suspend or
terminate the Plan or any election outstanding under the Plan; provided, however, that no such amendment shall be made without approval of the Company’s stockholders to the extent such approval would be required under Section 423 of the
Code, the rules of any securities exchange or similar entity on which the Common Stock is listed or otherwise by applicable law. 

  
 9 

 APPENDIX A 

Participating Companies 
 Effective as of March 1, 2014 

UNITED STATES 
 Quintiles Transnational Corp. 

Quintiles, Inc. 
 Quintiles Medical Education, Inc. 

Quintiles Medical Communications & Consulting, Inc. 

Quintiles Consulting, Inc. 
 Quintiles Market Intelligence LLC

 Outcome Sciences, Inc. 
 VCG&A, Inc. 

Quintiles Laboratories LLC 
 Expression Analysis, Inc. 

Targeted Molecular Diagnostics, LLC 
 Quintiles Commercial US,
Inc. 
 Quintiles Phase One Services, LLC 
 Quintiles
BioSciences, Inc. 
 UNITED KINGDOM 
 Quintiles Limited 

Quintiles Commercial Limited 

  
 1 

 SUB-PLAN TO THE 

QUINTILES TRANSNATIONAL HOLDINGS INC. EMPLOYEE STOCK PURCHASE PLAN 

1. Definitions. Any capitalized term used in this Sub-Plan but not defined herein shall have the meaning given to such term in
the Quintiles Transnational Holdings Inc. Employee Stock Purchase Plan (the “Plan”). 
 2. Purpose of the Sub-Plan.

 (a) The Company established the Plan to provide Eligible Employees with an opportunity to purchase shares of Common Stock through
accumulated payroll deductions or by such other method(s) of contribution as may be permitted by the Committee or its designee. 
 (b)
Section 1 of the Plan provides that the Committee or its designee may, in its sole discretion, amend the terms of the Plan, or an Option, in order to reflect the impact of local law outside of the United States as applied to one or more
Eligible Employees of a Non-U.S. Participating Company and may, where appropriate, establish one or more sub-plans to reflect such amended provisions; provided, however, in no event shall any sub-plan (a) be considered part of the Plan for
purposes of Section 423 of the Code or (b) cause the Plan (other than the sub-plan) to fail to satisfy the requirements of Section 423 of the Code. In the event of any inconsistency between a sub-plan and the Plan document, the terms
of the sub-plan shall govern. 
 (c) The Committee has determined that it is appropriate and advisable to establish a sub-plan to the Plan,
outside the scope of Section 423 of the Code for the purpose of facilitating the participation of Eligible Employees of Non-U.S. Participating Companies and complying with applicable local laws in certain jurisdictions. 

(d) The rules of this Sub-Plan, together with the rules of the Plan, shall govern the offering of and the participation in the Plan with
respect to all Eligible Employees of Non-U.S. Participating Companies in the jurisdictions that the Committee or its designee shall determine to be covered by this Sub-Plan. To the extent there is a conflict between the rules of the Plan and this
Sub-Plan, the provisions of the Sub-Plan shall control. 
 3. Terms of the Sub-Plan. 

(a) The rules set forth in the Sub-Plan, as may from time to time be established by the Committee or its designee, as amended from time to
time, shall govern offers of participation to Eligible Employees of Non-U.S. Participating Companies residing in the applicable jurisdictions reflected in such Exhibits as the Committee or its designee shall establish hereto, which shall constitute
part of this Sub-Plan. 
 (b) Subject to the terms of the Plan, the Committee reserves the right to amend or terminate the Sub-Plan, as
contained herein, at any time.

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