Document:

Exhibit

Exhibit 10.3

EXECUTIVE  EMPLOYMENT  AGREEMENT

This Executive Employment Agreement (the "Agreement") is made and entered into as of April 8, 2014 by and between INC Research, LLC (hereinafter the "Company"), and Jason Meggs, a Key Employee of the Company ("Executive").

Whereas, Executive acknowledges that, as a result of his hiring into this senior position with the Company, he will have access to strategic business information of the Company and other Confidential Information as that term is defined in this Agreement; and

Whereas, Executive acknowledges that the Company is engaged in a business that is highly competitive worldwide and that competition by Executive in that business or solicitation of business relations in competition with the Company during his employment and after his employment ends would necessarily involve Executive's use of the Company's Confidential Information and trade secrets to which Executive will be given access as an employee of the Company and would otherwise constitute unfair competition and would severely injure the Company;

Whereas, Executive acknowledges and agrees that, by virtue of Executive's senior position and responsibilities with the Company, Executive will have access to the Company's current, former and prospective customers, clients, suppliers and/or business relations, including, Confidential Information relating to such customers, clients, suppliers and/or business relations, and has generated goodwill belonging to the Company with such customers, clients, suppliers, and/or business relations which would cause great and irreparable harm to the Company if used on behalf of any other person or entity;

Whereas, Executive acknowledges and agrees that, by virtue of Executive's senior position and responsibilities with the Company, Executive will have access to Confidential Information regarding Company personnel and that Executive will develop relationships with co­ workers, and also that Executive will be in a position to exert influence over his co-workers, solely as a result of Executive's employment with the Company;

Whereas, the Company wishes to protect its investment in its business, employees, customer relationships, and Confidential Information, by requiring Executive to abide by certain restrictive covenants regarding confidentiality and other matters, each of which is an inducement to the Company to employ Executive.

Now therefore, in consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, the Company and Executive contract and agree as follows:

1.Employment; Nature of Employment.

Subject to the terms and conditions of this Agreement, the Company hereby employs Executive as Senior Vice-President Global Business Finance, and Executive accepts such employment with a start date of May 12, 2014 ("Effective Date"). Executive shall report directly to the Chief Financial Officer of the Company and have such responsibilities and authority that are consistent with the responsibilities of Senior Vice President, Global Business Finance, as the Company may assign from time to time. Additionally, Executive agrees to perform such other duties consistent with those of an executive at his level as the Company may establish from time to time.

		
	2.
	Devotion of Services.

Executive agrees to devote his best efforts to the services of the Company in such capacity as the Company from time to time shall direct, consistent with the responsibilities of Senior Vice President, Global Business Finance, and agrees to comply with the Company's policies, practices and Code of Business Conduct and Ethics at all times. For so long as Executive is employed by the Company, Executive shall devote his full 

time to serving as its Senior Vice President, Global Business Finance, provided that Executive may devote reasonable time to charitable, professional and educational activities to the extent such activities do not conflict materially with the performance of Executive's duties to the Company or otherwise conflict with this Agreement. Executive may serve as a member of a board of directors for an entity not affiliated with the Company, so long as the executive complies with the Company's then current conflict of interest policy and any other Company required approvals.

		
	3.
	Compensation.

(a)Base  Salary.    Executive's  annual  salary  for  all  services  rendered   shall  be
$255,000.00, payable in accordance with the Company's regular payroll procedures. In accordance with the Company's policies and practice, Executive's salary shall be reviewed from time to time by the Chief Financial Officer.

(b)Management Incentive Plan. Executive shall be eligible to participate in the INC Research, LLC Management Incentive Plan ("MIP") with a performance cash bonus opportunity of up to thirty (30) percent ("Target Bonus") of Executive's base salary in effect, provided that Executive's participation in the MIP and eligibility to receive any such bonus is subject to the satisfaction of the applicable terms and conditions as established in the MIP and as may be modified by the Board from time to time. Any bonus payable under the MIP shall be paid at the same time as any similar bonuses are paid to other executives of the Company and subject to Executive being employed by the Company on the date of any such payment.

(c)Health Insurance/Benefits. Executive may participate in all group medical, dental and disability insurance, 40l(k), retirement or pension plan and other employee benefit plans and programs of the Company in effect for which Executive is eligible, provided, that Executive's participation in such benefit plans and programs is subject to the applicable terms, conditions and eligibility requirements of these plans and programs, as they may exist from time to time. The Company shall reimburse Executive for reasonable travel and other business-related expenses incurred by Executive in connection with the fulfillment of his duties hereunder, upon presentation of proper receipts  or other proof of expenditure and subject to the applicable expense reimbursement policies and procedures of the Company.

(d)Paid Time Off. In accordance with and subject to the Company's  vacation policies and procedures Executive shall be entitled to four  (4) weeks paid time  off ("PTO"). PTO may increase based on years of service in accordance with the Company's policies and procedures.

(e)Stock Options. Executive shall be eligible to participate in the INC Research Holdings, Inc. 2010 Equity Incentive Plan ("Equity Incentive Plan") upon commencement of employment with the Company and, subject to Board or the compensation committee thereof taking requisite approval action, shall receive an initial grant of options to purchase five hundred thousand (500,000) Common Units of Holdings (which represents five hundred thousand (500,000) shares of Class A Common Stock of Holdings and five hundred thousand (500,000) shares of Class B Common Stock of Holdings), with a per Common Unit exercise price equal to fair market value  as of the date of the grant, which,  as of the date hereof, is estimated to be $1.60. Executive's participation in the Equity Incentive Plan shall be governed by the terms of the Equity Incentive Plan and the option award agreement pursuant to which any such awards will be made.

(f)Signing Bonus. The Company agrees to pay to Executive a signing bonus in the amount of $100,000.00 ("Signing Bonus"). The Signing Bonus is to be paid in two (2) installments. The amount of $50,000.00 ("First Installment"), minus applicable taxes and withholdings, will be issued in the first pay period following the first day of your active employment. The amount of $50,000.00 ("Second Installment"), minus applicable taxes and withholdings, will be issued in the first pay period following the twelve (12) month anniversary of the Agreement's Effective Date. If Executive is terminated by Company other than for Cause (as defined below) prior to the twelve (12) month anniversary date of the Agreement's Effective Date, Company 

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shall remain obligated to pay Executive 100% of the First Installment to extent not already paid and 100% of the Second Installment and such payment shall be made within thirty (30) days of termination. If Executive leaves the Company other than for Good Reason (as defined below) prior to the twelve (12) month anniversary of the Agreement's Effective Date, Executive is required to reimburse the Company 100% of the First Installment of the Signing Bonus amount and the Second Installment will not be paid. If repayment of the First Installment of the Signing Bonus is triggered, then payment in full is due and payable to the Company within thirty (30) days of termination. For clarity, Executive and Company expressly agree that Executive shall not be required to reimburse the Company for any portion of the First Installment in the event Executive's employment is terminated prior to the twelve (12) month anniversary of the Agreement's Effective Date due to the Executive's non-competition and non-solicitation obligations to Quintiles discussed in Section 22(a).
(g)Nothing in this Agreement shall require the Company to create,  continue  or refrain from amending, modifying, revising or revoking any of the plans, programs or benefits set forth above. Any amendments, modifications, revisions and revocations of these plans, programs or benefits shall apply to Executive. Any conflict between the plans, programs or benefits described under this Agreement and the plan documents governing such plans, programs or benefits shall be controlled by the specific plan documents.

4.Executive agrees that any incentive compensation he receives from the Company, including, but not limited to compensation under the MIP and Equity Incentive Plan, is subject to being returned to the Company in the event required by law or a then applicable Company policy related to restatements of Company financial statements or misconduct.

		
	5.
	Term of Employment.

The term of employment shall commence on May 12, 2014 and continue until terminated as set forth herein. Nothing in this Agreement shall be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature that the Company shall continue to employ Executive for any particular period of time, and the Agreement shall not affect in any way the rights of the Company to terminate employment of Executive at any time and for any reason. By Executive's execution of this Agreement, Executive acknowledges and agrees that Executive's employment is "at will." As used in this Agreement, the term "Termination Date" means the effective date of the termination of Executive's employment by either party as specified in the notice of termination described in Section 5 below, or the date of Executive's death if earlier.

		
	6.
	Termination of Employment.

(a)          Either parry may terminate the employment relationship for any reason at any time upon giving the other party forty-five (45) day written notice. The Company may, in its discretion, shorten Executive's notice period and accelerate the Termination Date, and may also relieve Executive of some or all of his duties during any notice period.

(b)Executive's employment shall terminate automatically upon Executive's death.

(c)The Company shall have the right to terminate Executive's employment without advance notice in the event of Executive's Disability (as defined herein). Disability, as used in this Agreement, means a physical or mental condition that renders Executive unable to perform the essential functions of Executive's job, with or without reasonable accommodation, for a continuous period more than ninety (90) days or for ninety (90) days in any period of one­ hundred and eighty (180) consecutive days.  Disability shall be determined by a physician satisfactory to the Company and in accordance with the respective rights and obligations under the Americans with Disabilities Act, as amended, and any other applicable law. For purposes of making a determination as to whether a Disability exists, at the Company's request and at the Company's expense, 

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Executive agrees to make himself available and to cooperate with a reasonable examination by such physician and to  authorize the disclosure and release to the Company of all medical records related to such examination.

(e)The   Company  shall  have  the  right  to  terminate  Executive's  employment   immediately by  written  notice  for Cause (as  defined  herein).  As   used   in   this   Agreement,  "Cause"  shall  mean:  (i)  Executive's  breach  of  any  fiduciary  duty  or  legal   or   contractual obligation  to  the  Company  or  to  the  Board, (ii) Executive's failure to follow the reasonable instructions  of  the Board, or  Executive's   direct  supervisor,   provided,  however,  that   such   instruction is  consistent  with Executive's  duties and responsibilities, which  breach,  if  curable, is not  cured  within  ten (10)  business days after notice to Executive or, if cured, recurs within one­ hundred  and  eighty  (180)  calendar   days,  (iii)  the  Executive's  gross   negligence,    willful  misconduct,  fraud,  insubordination,   or  acts  of  dishonesty  relating  to  the  Company or Holdings, (iv) the Executive's conviction for any misdemeanor solely relating to the Company or Holdings, or any felony, or (v) the commission of any act of moral turpitude or similar act that results in negative publicity to the Company.

(f)Executive may resign from Executive's employment by written notice at any time for Good Reason. "Good Reason" shall mean the occurrence, without  Executive's  express written consent, of any of the following events:  (i) a material reduction in Executive's Base Salary, or the Target Bonus under the MIP; (ii) a material adverse change to Executive's title or a material reduction in Executive's authority, job duties or responsibilities; (iii) a requirement that Executive relocate to a principal place of employment more than fifty (50) miles from the Company's offices at 3201 Beechleaf Court, Raleigh, North Carolina; or (iv) a material breach by the Company of this Agreement, provided, that, any event described in clauses (i), (ii) (iii) and (iv) above shall constitute Good Reason only if the Executive provides the Company with written notice of the basis for the Executive's Good Reason within forty-five (45) days of the initial actions or inactions of the Company giving rise to such Good Reason and the Company has not cured the identified actions or inactions within thirty (30) days of such notice.

(g)This Agreement shall terminate upon the termination of the employment relationship provided that the provisions of Sections 6, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, and 24 shall survive the termination of Executive's employment and/or the expiration or termination of this Agreement, regardless of the reasons for such expiration or termination.

6.Compensation and Benefits upon Termination.

(a)The Company's obligation to  compensate Executive ceases on the Termination Date except as to: (i) any base salary earned by Executive, but unpaid, as of that time; (ii) any amount actually earned and due to Executive, but unpaid pursuant to the MIP; (iii) any unreimbursed business expenses, if any, for which Executive is entitled to reimbursement under this Agreement (the items referred to in this clause (iii) and the immediately preceding clauses (i) and (ii), the "Accrued Payments"); and (iv) any compensation and/or benefits to which Executive may be specifically entitled  to receive  pursuant to this Section 6.

(b)If the Company terminates Executive's employment without Cause or Executive resigns for Good Reason, then the Company shall pay Executive the Accrued Payments. In addition, subject to Executive's continuing compliance with Sections 8, 9, 10, 11 and 16, subject to the requirements of Section 6(e), the Company will: (i) pay Executive an amount equal to his then current monthly base salary for a period of six (6) months, following the Termination Date, payable through the Company's regular payroll procedures (the "Severance Pay") commencing on the 60th day following the Termination Date (with the first payment including a catch-up for any such base salary that would have otherwise been paid as  severance during such 60-day period).

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(c)If the Company terminates Executive's employment for Cause or if the Executive terminates his employment without Good Reason, or if Executive's employment ends due to his death, then the Company's sole obligation shall be to pay Executive or his estate, as applicable, the  Accrued Payments.

(d)Notwithstanding any provision of this Agreement to the contrary, the Company's obligation to make any payments is subject to, and conditioned upon, Executive's  execution of an enforceable release and waiver of claims agreement in a form satisfactory to the Company and substantially similar to the form attached hereto as Exhibit A ("Release Agreement") and his compliance with the covenants in Sections 8, 9, 10, 11 and 16 of this Agreement. If Executive chooses not to timely execute such Release Agreement, revokes the Release Agreement, or fails to comply with the restrictive covenants in Sections 8, 9, 10 and 11 of this Agreement, then the Company's obligation to compensate him ceases on the effective Termination Date, except as to the Accrued Payments. The Release Agreement shall be provided to Executive within seven (7) days of his separation from employment and Executive must execute it within 21 or 45 days following the Termination Date, as specified in the Release Agreement. The Release Agreement and any payments due following its execution by Executive shall not be effective until any applicable revocation period has expired.

(e)Executive is not entitled to receive any compensation or benefits upon his termination except as: (i) set forth in this Agreement; (ii) otherwise required by applicable law or (iii) otherwise specifically required by any employee benefit plan of the Company in which he participates. Moreover, the terms and conditions provided to Executive under this Agreement are in lieu of any severance benefits to which he otherwise might be entitled pursuant to any severance plan, policy and practice of the Company and or its Affiliates. Nothing in this Agreement, however, is intended to waive or supplant any accrued death, disability, accidental death and dismemberment, retirement 401 (k) or pension benefits of the Company to which he may be entitled under employee benefit plans of the Company in which he participates.

		
	7.
	Section 409A of the Internal Revenue Code.

(a)The Parties agree that this Agreement shall be interpreted to comply with or be exempt from Section 409A of the Internal Revenue Code and the regulations and guidance promulgated thereunder to the extent applicable (collectively "Code Section 409A"), and all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section 409A. Notwithstanding anything to the contrary set forth herein, any payments and benefits provided under Section 6 that constitute "deferred compensation" within the meaning of Code Section 409A will not commence in connection with Executive's termination of employment unless and until Executive has also incurred a "separation from service" (as such term is defined in Treasury Regulation Section 1.409A-l(h) (a "Separation From Service"). The parties intend that each installment of the Severance Pay payments provided for in this Agreement is a separate "payment" for purposes of Treasury Regulation Section l.409A-2(b)(2)(i).  For the avoidance of doubt, the parties intend that payments of the Severance Pay set forth in this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Code Section 409A provided under Treasury Regulation Sections 1.409A-l(b)(4), 1.409A-l(b)(5) and 1.409A-l(b)(9). In no event whatsoever will the Company be liable for any additional tax, interest or penalties that may be imposed on Executive under Code Section 409A or any damages for failing to comply with Code Section 409A.

8.With regard to any provision herein that provides for reimbursement of costs and expenses  or  in-kind  benefits,  except  as  permitted  by  Code  Section  409A, (i) the right to reimbursement  or  in-kind  benefits   shall  not  be  subject  to  liquidation  or exchange   for  another benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits, to be provided in any other taxable year, provided, that, this clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Internal Revenue Code Section 105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect, (iii) such payments shall be made on or before the last day of Executive's taxable 

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year following the taxable year in which the expense occurred and (iv) any payments made in installments shall be deemed separate payments.

		
	9.
	Confidentiality.

(a)Executive agrees that he shall not at any time, without the prior written consent of the Company, disclose or use (except in the course of his employment with the Company and solely  in furtherance  of the  interests  of the  Company  and  its  subsidiaries  or affiliates)  any confidential or proprietary  information belonging to the Company, including, but not limited to, all  trade   secrets,  patent   applications,   scientific  data,  formulation   information,   inventions, processes,  formulas,  systems, computer programs, plans, programs, studies, techniques, critical business  information  such as  drug products  in  development,  business  strategies  and models, product  launch plans,  CRO relationships,  regulatory  submissions,  technology  used  by  or the therapeutic  focus  of  the  Company,  clinical  information,  methodologies, standard  operating procedures,  operational  documents  (such as batch records), technology used by the Company, marketing  and certain  financial  information  calculations,  budgets,  bids,  internal  policies  and procedures,    organization, business plans, analysis, forecasts, billing practices, pricing information and strategies, promotional material, service offering strategies, marketing plans and ideas,  the  identities  or  other  information  about  customers,  sponsor,  customer  or  client  lists, suppliers and business partners (current and prospective), the terms of current and pending deals, sales data, and sales projections,  research, research proposals,  study protocols,  coding devices, unpublished results and reports, meeting minutes and notes, monthly and other periodic reports, contact and other information regarding suppliers, vendors and consultants, and regulatory and legal  correspondence,  whether  or not patentable  or  copyrightable  and whether  in tangible  or other   form,   including   all   documents   and   records,   whether   printed,   typed,   handwritten, videotaped, transmitted or transcribed on data files or on any other type of media, whether or not labeled or identified as confidential and proprietary   (all of such information being hereinafter collectively referred to as "Confidential Information").  Notwithstanding the foregoing, the term "Confidential Information" shall not include information which (i) is already known to Executive prior to its disclosure to Executive by the Company; (ii) is or becomes generally available to the public through no wrongful act of any person; (iii) is at the time of disclosure part of the public knowledge  or  literature  through  no  wrongful  action  by  Executive;  or  (iv)  is  received  by Executive from a third party without restriction and without any wrongful conduct on the part of such  third  party  relating  to  such  disclosure.  Executive  acknowledges  and  agrees  that  the Confidential Information he obtains or becomes aware of as a result of his employment with the Company  is not generally known  or available to the general public,  but has been  developed, compiled  or  acquired  by  the  Company  at its great  effort  and  expense  and that  Executive  is required to protect and not disclose such information.

(c)Executive  agrees that he  shall not disclose  any  information  belonging  to third parties,  including, without limitation, current, former  and/or prospective customers and vendors of the Company that is disclosed to Executive as a representative of the Company under an obligation of confidentiality.

(d)The restrictions contained in Section 8(a) above will not apply to any information that Executive is required to disclose by law, provided that Executive (i) notifies the Company of the existence and terms of such obligation, (ii) gives the Company a reasonable opportunity to seek a protective order or other legal process to prevent or limit such disclosure, and (iii) only discloses that information actually required to be disclosed.

(e)Any trade secrets of the Company will be entitled to all of the protections and benefits under the North Carolina Trade Secrets Protection Act, N.C. Gen. Stat. § 66-152 et seq., and any other applicable law. If any information that the Company deems to be a trade secret is found by a court of competent jurisdiction not to be a trade secret, such information will, nevertheless, be considered Confidential Information for purposes of this Agreement.

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(f)Executive agrees that, upon the termination of his employment for any reason, and immediately upon request of the Company at any time, he will promptly return (and shall not delete, destroy or modify) all property, including any originals and all copies of any documents, whether stored on computers or in hard copy, obtained from the Company, or any of its current, former or prospective customers or vendors, whether or not Executive believes it qualifies as Confidential Information. Such property shall include everything obtained during and as a result of Executive's employment with the Company, other than documents related to Executive's compensation and benefits, such as pay stubs and benefit statements. In addition, Executive shall also return any phone, facsimile, printer, computer, or other items or equipment provided by the Company to Executive to perform his employment responsibilities during his employment with the Company Executive agrees that he shall not access or attempt to access the Company's computer systems after the termination of Executive's employment with the Company. Executive further agrees that he does not have a right of privacy to any Communications sent through the Company's electronic communications systems (including, without limitation, emails, phone calls and voicemail) and that the Company may monitor, retain, and review all such communications in accordance with applicable law.

9.Non-Solicitation of Customers and Other Business Relations.

During Executive's employment and for a period of six (6) months following Executive's termination of employment ("Non-Solicitation Period") regardless of the reason for termination, Executive will not, on Executive's own behalf, nor as an officer, director, stockholder, partner, associate, owner, executive, consultant or otherwise on behalf of any person, firm, partnership, corporation, or other entity, directly or indirectly:

(a)solicit, induce, influence or attempt to solicit, induce or influence any Company Customer (as defined below) to (i) cease doing business in whole or in part with the Company, or (ii) do business with any other person or business which is "Competitive with the Company: (as defined below);

(c)solicit, induce, or attempt to induce any Prospective Customer (as defined below) to (i) not  begin doing  business with the Company, (ii) cease doing business in whole or in part with  the  Company,  or  (iii)  do  business  with  any  business  which  1s Competitive  with  the Company;  or

(d)interfere with, disrupt or attempt to interfere with or disrupt the relationship, contractual or otherwise, between the Company and any supplier, vendor, distributor, lessor, lessee, or licensor that transacts business with the Company.

(e)"Company Customer" means a person or entity for whom the Company was providing services either at the time of, or at any time within, the twelve (12) months preceding the termination of Executive's employment with the Company, and for whom Executive carried out or oversaw a material business responsibility in connection with that Company Customer during said twelve month period.

(f)"Prospective Customer" means a person or entity to which the Company had submitted a bid or proposal for services during the twelve (12) months preceding the termination of Executive's employment with the Company, and in which bid or proposal Executive was involved in any material respect, or that was contacted by Executive on behalf of the Company.

(g)"Competitive with the Company" means an entity in the business of providing contract research organization (CRO) services to the pharmaceutical, biotechnology, or biomedical industry.

10.Non-Solicitation of Employees; Non-Disparagement.
(a)During the Non-Solicitation Period (as defined above), Executive will not on Executive's own behalf, nor as an officer, director, stockholder, partner, associate, owner, employee, consultant or otherwise on 

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behalf of any person, firm, partnership, corporation, or other entity, directly or indirectly solicit or attempt to solicit for hire as an officer, director, employee, agent, consultant or independent contractor, any Company Employee (as defined below). Executive further agrees that Executive will not encourage, entice, induce or suggest that any Company Employee terminate or alter his employment or relationship with the Company for the benefit of any person or entity other than the Company. The term "Company Employee" means any person who is an employee of or consultant to the Company at the time of the termination of Executive's employment with the Company.
(b)Executive   agrees   that,  upon   and  following   termination   of  Executive's  employment  with  the Company for any reason, Executive will not make, publicly or privately, verbally  or in  writing,  any  false,  disparaging,  derogatory  or otherwise inflammatory remarks about  any  of  the  Company,  its  parent, subsidiaries, and other related and affiliated companies, their  employee  benefit  plans  and  trustees,  fiduciaries, administrators, sponsors and parties-in­ interest of those plans, and all of their past and present employees, managers, directors, officers, administrators,  shareholders,   members,  agents,  attorneys, insurers, re-insurers and contractors acting in any capacity whatsoever, and all of their respective predecessors, heirs, personal representatives, successors and assigns (collectively, the "Company Parties") and/or the conduct, operations or  financial  condition  or  business practices, policies or procedures of the Company Parties  to any third party, and Executive will not make or solicit any comments, statements or the like  to  the media  or  to  others  that may be considered derogatory or detrimental to the good name and business reputation of any of the Company Parties; provided, however, that nothing in this paragraph is intended to prohibit Executive from providing truthful information to any government entity, arbitrator, or court, or to otherwise testify truthfully under oath, as required by law. The Company agrees that, upon and following termination of Executive's employment with the Company for any reason, its executive officers will not make, publicly or privately, verbally or in writing, any false, disparaging, derogatory or otherwise inflammatory remarks about Executive and/or the conduct, operations or financial condition or business practices, of Executive to any third party, and the Company's executive officers will not make or solicit any comments, statements or the like to the media or to others that may be considered derogatory or detrimental to the good name and business reputation of Executive; provided, however, that nothing in this paragraph is intended to prohibit the Company's executive officers from providing truthful information to any government entity, arbitrator, or court, or to otherwise testify truthfully under oath, as required by law.

11.Non-Competition.

(a)During Executive's employment and for a period of six (6) months following Executive's Termination Date ("Non-Competition Period") regardless of the reason for termination, and within the Geographical Area set forth in Section 12, Executive will not directly or indirectly, for Executive's own behalf or for any other person or business entity provide services that are competitive with any aspect or business of the Company. For purposes of this Section ll(a) "provide services" means that Executive shall not: (i) be engaged or employed by or with any other person or business entity in the same or substantially similar capacity as Executive was engaged by the Company at the time of , or in the twelve (12) months preceding, the Termination Date; or (ii) provide services on Executive's own behalf or for any other person or business entity that are the same or substantially similar to the services Executive provided to the Company at the time of separation from the Company. For purposes of this Section 1l(a), "competitive with" means in the business of, or otherwise engaging in, providing contract research organization (CRO) services to pharmaceutical, biotechnology companies, or biomedical companies.

(b)Notwithstanding the foregoing, Executive's ownership, directly or indirectly, of not more than one percent (1%) of the issued and outstanding stock of a corporation the shares of which are regularly traded on a national securities exchange or in the over-the-counter market shall not violate this Section.

The provisions of this Agreement supersede all terms and conditions contained in Section 1.3 Non-Compete Undertakings, Schedule C of the Equity Incentive Plan.

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12.Geographical Area.

The restrictions set forth in Sections 9 and 11 apply to the following geographical areas:
(i) any city, metropolitan area, county (or similar political subdivision in foreign countries) in which Executive personally provided services in-person (not by telephone or internet) on behalf of  the  Company,  during the twelve (12) months prior to  the termination of Executive's employment  with  the  Company;  (ii)  within a 60-mile radius of the location(s) where the Executive  had  an office  during  the twelve  (12)  months prior to the termination of Executive's employment with the Company; (iii) within a 60 mile radius of Raleigh, North Carolina; and (iv) any city, metropolitan area, county (or similar political subdivision in foreign countries) in which the Company is located or does or did business, during the twelve (12) months prior to from the termination of Executive's employment with the Company.

13.Reasonable Restrictions; Right to Equitable Relief.

Executive acknowledges and agrees that nothing in this Agreement prohibits Executive from obtaining suitable employment and/or earning a livelihood for Executive or Executive's family. Executive further acknowledges and agrees that the restrictions and covenants set forth above are reasonable in geographic and temporal scope and in all other respects and necessary to protect the Company and its legitimate business interests. Executive understands and agrees that the Company will be irreparably injured by any breach of Sections 8, 9, 10 and/or 11 above and damages would   be   an   inadequate   remedy   for   such   breach.  Accordingly, Executive acknowledges that, in the event of Executive's breach or threatened breach of Sections 8, 9, 10, and/or 11 above, the Company shall be entitled to seek a restraining order in addition to preliminary, temporary and permanent injunctive relief or other equitable relief, without the requirement of posting a bond or other security; provided, however, that the seeking or granting of any such injunctive relief shall not prejudice the Company's right to seek monetary damages for any breach of Sections 8, 9, 10, and/or 11 of this Agreement and any damage that it has suffered thereby, including its attorneys' fees and expenses in seeking to enforce these provisions. Notwithstanding anything else to the contrary herein, in the event of any violation by Executive o,f Sections 8, 9, 10 or 11 of this Agreement, the Company shall have no obligation thereafter to make any payments of Severance Pay or health insurance reimbursements to Executive pursuant to this Agreement after the date of violation by Executive, and/or if paid prior to .Executive's breach of this Agreement, Executive shall be obligated to repay the Company any Severance Pay by the Company after the date of violation by Executive.

14.Developments.

(a)If Executive (either alone or with others) makes, conceives, creates, discovers, invents or reduces to practice (herein "Generates" or are "Generated") any Developments (as defined below), such Developments, and all of his rights and interests therein and all of his/her records relating to such Developments, shall be the sole and absolute property of the Company. Executive shall promptly disclose to the Company each such Development and shall deliver to the Company all of his records relating to each such Development. Executive hereby assigns to the Company any and  all rights (including, but not limited to,  any rights under patent law, copyright law and/or other similar laws in any country) that he has or may have or may acquire in the Developments, without further compensation. All Developments which are copyrightable works shall be works made for hire.

(b)"Developments"  means   any  invention,  design,  development,   improvement,  process,   software  program,  work  of  authorship,  trademark  or  technique,  whether   or  not  patentable  or  registrable  under  copyright  or  similar  statutes,  that  (i)  are  Generated  while Executive  is  employed  by  the  Company  and  relates  to  or  is useful in the actual or planned business  of  the Company or any of the products or services being developed, manufactured, sold and/or  provided  by the Company, (ii) result from tasks assigned to Executive by the Company or tasks   within   Executive's   scope  of  responsibility,   or   (iii)   result  from the  use  of premises  or property (whether tangible or intangible) owned, leased or contracted for by the Company.

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(c)Executive will, upon the Company's request, without further compensation but at the Company's expense, during and after his employment, promptly execute specific assignments of title to the Company and take such further acts as requested by the Company to confirm, secure, perfect, protect, enforce and/or transfer the Company's right, title and interest in and to such Developments. Such acts may include, but are not limited to, Executive's execution and delivery of documents and instruments and his assistance and cooperation in the registration and enforcement of applicable patents, copyrights or other forms of protection or other legal proceedings. If, at any time, Executive's cooperation is required to  enable the Company to secure, perfect, protect, enforce or transfer its right, title or interest in any Development and Executive fails to respond within fourteen (14) calendar days to a written request from the Company for action sent by the Company to the last address for Executive maintained by the Company, Executive hereby appoints the Company as his attorney, and grants the Company his power of attorney to execute in good faith, commercially reasonable applications, releases, assignments, or other documents or agreements reasonably required to secure, perfect, protect, enforce or transfer the Company's right, title or interest.

(d)The obligations of Executive under this Section 14 will not apply to a particular circumstance to the extent such obligations are unenforceable in such circumstance pursuant to the provisions of Section 66-57.1 of the North Carolina General Statutes (as amended from time to time), provided that the obligations of Executive under Section 14 will continue to be binding upon Executive in all other circumstances. Executive will bear the burden of proof in establishing the applicability of such statute to a particular circumstance.

15.Assignment.

This Agreement shall be binding upon and inure to the benefit of the Company and any successor in interest to the Company or any segment of such business.  The Company may assign this Agreement to any affiliate or successor that acquires all or substantially all of the assets and business of the Company or a majority of the voting interests of the Company. The Company will require any successor (whether direct or indirect, by operation of law, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of Company) to expressly assume and agree to perform this Agreement in the  same manner and to the same extent that the Company would be required  to perform it if no such succession had taken place. Executive's rights and obligations under this Agreement  are personal and shall not be assigned or transferred.

16.Cooperation.

During and subsequent to termination of the employment of the Executive, the Executive will cooperate with the Company and furnish any and all information, testimony or affidavits in connection  with  any  matter  that arose during the Executive's employment, that  in  any way relates  to  the  business  or  operations of the Company or any of its subsidiary corporations, divisions or affiliates, or of which the Executive may have any knowledge or involvement; and will consult with an provide information to the Company and its representatives concerning such matters. Subsequent to the termination of the employment of the Executive, the parties will undertake reasonable efforts to have such cooperation performed at reasonable times and places and in a manner as not to unreasonably interfere with any other employment in which Executive may   then   be  engaged.  In  accordance  with  applicable  law,  the  Company  will   compensate Executive, at an hourly rate equal to his last base salary divided by two-thousand, for all hours after the Termination Date that Executive spends providing assistance as specified in this paragraph, beyond an initial eight hours for which Executive need not be compensated. Nothing in this Agreement shall be construed or interpreted as requiring the Executive to provide any testimony, sworn statement or declaration that is not complete and truthful. If the Company requires the Executive to travel outside the metropolitan area in the United States where the Executive then resides to provide any testimony or otherwise provide any such assistance, then the Company will reimburse the Executive for any reasonable, ordinary and necessary travel and lodging expenses incurred by Executive to do so provided the Executive submits all documentation required under the Company's standard travel expense reimbursement policies and as otherwise may be required to satisfy any requirements under applicable tax laws for the Company to deduct those expenses.

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17.Notice.

Notices and all other communications shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by United States registered or certified mail. Notices to the Company shall be sent to:

INC Research, LLC
Attention: Christopher L. Gaenzle General Counsel
3201 Beechleaf Court,
Suite 600
Raleigh, North Carolina 27604

Notices and communications to Executive shall be sent to the address Executive most recently provided to the Company.

18.Governing Law, Forum  and  Jury  Waiver. This Agreement,  and all  disputes, claims or controversies arising out of or relating to this Agreement, shall be  governed by the laws of the State of North Carolina without regard or reference to its conflicts of laws principles. The parties agree that any action or proceeding with respect to this Agreement   or Executive's employment with the Company shall be brought exclusively in the state or federal courts in the State of North Carolina, and Executive voluntarily submits to the  exclusive jurisdiction over Executive's person by a court of competent jurisdiction located  within the State of North Carolina. The parties hereby irrevocably waive any objection they may now or hereafter have to the laying of venue of any such action in the State of North  Carolina, and further irrevocably waive any claim they may now or hereafter have that any such action brought in said court(s) has been brought in an inconvenient forum. The parties hereby knowingly and expressly waive their right to a jury trial for any claim relating to his or its, as applicable, rights or obligations under this Agreement.

19.Entire Agreement; Counterparts.

This Agreement contains all the understanding between the parties hereto pertaining to the subject matter hereof and supersedes all undertakings, promises and agreements, whether oral  or  in writing, previously entered into between them with respect to the subject matter herein. This Agreement may be executed by either of the parties hereto in counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

20.Amendment, Modification or Waiver.

This Agreement may not be changed orally, and no provision of this Agreement may be amended, or modified unless such amendment or modification is in writing, signed by Executive and by a duly authorized officer of the Company. No act or failure to act by the Company or Executive will waive any right, condition or provision contained herein. Any waiver by the Company or Executive must be in writing and signed by a duly authorized officer of the Company or Executive, respectively, to be effective.

21.Severability.

In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, but this Agreement shall be construed as if such invalid, illegal, or other unenforceable provision had never been contained herein. If, moreover, anyone or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration; geographical scope or subject, it shall be construed by limiting it and reducing it so as to be enforceable to the extent compatible with applicable law as it shall then appear.

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22.Prior Obligations.

(a) Executive agrees to comply with all lawful post-employment obligations ("Obligations") with Executive's former employer, Quintiles Transnational, Company ("Quintiles") during Executive's employment with the Company. Executive will take all necessary steps to ensure that Executive does not disclose to Company any confidential business information or trade secrets of Quintiles and that Executive does not disseminate or solicit Quintiles' s confidential or proprietary information. Executive and the Company shall work cooperatively with respect to each component of this paragraph. Further, Executive agrees to exhaust all reasonable efforts and negotiate in good faith with Quintiles on the release of any non-competition Obligation.

Should  the  Company  become  a  party  to  any claim or litigation in regards to the Obligations Executive may be subject to, Executive agrees to reasonably cooperate in good faith with  the  Company  in connection  with  any necessary defense, prosecution or investigation. Should  Executive be named as a Defendant in any claim or litigation in regards to Executive's non-competition or non-solicitation Obligations regarding Executive's employment with the Company,  Company  agrees  to  indemnify Executive for any reasonable. attorney's fees, or judgment entered for damages to Quintiles in the form of direct costs which are solely related to Executive's non-competition or non-solicitation Obligations. It being understood that such indemnification  does  not  include  reimbursement  of  gains  related to Executives  equity transactions in Quintiles stock or other forms of compensation received by Executive from Quintiles.  Further,  should  any  claim or litigation in regard to the non-competition or non­ solicitation Obligations preclude Executive from being employed by Company, Company shall pay  Executive (i) the pro-rated  equivalent of Executive's Base  Salary from the Effective Date, (ii)  any  MIP  Bonus  Executive  otherwise  would  have  earned  if  Executive's Employment had started  as  of  the  Effective  Date,  and  (iii) any costs associated with  maintaining  or  acquiring  the 

same or substantially similar Health Insurance and Benefits described in Section 3(d), for the period beginning as of the Effective Date and continuing through the earlier of the employment with the Company or completion of the non-competition Obligations. Nothing in this paragraph should be construed as an admission that the Obligations are enforceable, or that Executive is in breach of the Obligations by being employed by the Company.

(b) Executive warrants and represents to  the  Company  that  he  does  not  own  or control and will not own or control while he is employed by the Company, any right, title or interest in any invention, design, development, improvement, process, software program, work of authorship, trademark or technique, whether or not patentable or registrable under copyright or similar statutes, that relates in any manner to, or is useful in, the actual or planned business or products of the Company or relates in any manner to, or is useful in, its actual or anticipated research and development of the Company. If, in contravention of the foregoing, any invention, design, development, improvement, process, software program, work of authorship, trademark or technique exists, Executive grants to the company a perpetual, paid up, worldwide license to such invention, design, development, improvement, process, software program, work of authorship, trademark or technique.

23.Debarment/Exclusion.

Executive hereby certifies to the Company that, as provided in Section  306(a)  and Section 306(b) of the U.S. Federal Food, Drug and Cosmetic Act (21 U.S.C. § 335a(a) and 335a(b)) and/or under any equivalent law within or outside the United States, he has not in the past been and/or is not currently (or threatened to be or subject to any pending action, suit, claim investigation or administrative proceeding which could result in him being) (i) debarred or (ii) excluded from participation in any federally funded healthcare program or (iii) otherwise subject to any governmental sanction in any jurisdiction (including disqualification from participation in clinical research) that would affect or has affected Executive's ability to perform his obligations under this Agreement or his employment or prevent him from working for the Company in any capacity in any jurisdiction. Executive hereby confirms that he is not on any of the following exclusion lists: (a) Food and Drug Administration Debarment 

12

List; (b) General Services Administration Excluded Parties List System; or (c) Office oflnspector General List of Excluded Individuals/Entities. Executive warrants and represents to the Company that he will notify the Company immediately if any of the foregoing occurs or is threatened and that the obligation to provide such notice will remain in effect following the termination of his employment with the Company for any reason, voluntary or involuntary. Any violation of this section by Executive may  result  in the termination  of his  employment  with the  Company.  Immediately  upon  the request of the Company at any time, Executive will certify to the Company in writing his compliance with the provisions of this section.

Miscellaneous.

(a)All payments and benefits payable to Executive under this Agreement will be subject to appropriate tax withholding and other deductions, as and to the extent required by applicable law.
(b)Executive's and the Company's obligations hereunder shall continue in full force and effect in the event that Executive's job title, responsibilities, work location or other conditions of his employment with the Company change subsequent to the execution of the Agreement, without the need to execute a new Agreement.

(c)Executive's and the Company's obligations hereunder to the Company shall apply equally to any of the Company's current and future subsidiaries, affiliates, divisions, successors and assigns for which Executive performs services or about or from which Executive has access to Confidential Information.

(d)In the event that Executive breaches any of the provisions of Sections 9, 10, and 11 of this Agreement, to the extent permitted by law, the Non-Solicitation Period and/or Non­ Competition Period (as applicable) shall be tolled until such breach has been duly cured, it being the intent of the parties that such periods shall be extended by any period of time in which Executive is in violation of such sections.

(e)Executive agrees to provide a copy of Sections 8 through 13 of this Agreement to any subsequent or prospective employers prior to accepting a formal offer of employment during the Non-Solicitation Period and/or Non-Competition Period. Executive specifically authorizes the Company to provide a copy of Sections 8 through 13 of this Agreement and notify any subsequent or prospective employers of Executive's restrictions contained in Sections 8 through 13 of the Agreement. Executive agrees to promptly notify the Company of any acceptance of offers by Executive to perform services, any engagements to provide services, and/or actual work of any kind, whether as an individual, proprietor, partner, stockholder, officer, employee, director, consultant, joint venturer, investor, lender, or in any other capacity whatsoever during the Non-Competition Period. Such notice must be provided prior to the commencement of any such services or work.

(f)The rights and remedies of the parties under this Agreement are cumulative (not alternative) and in addition to all other rights and remedies available to such parties at law, in equity, by contract or otherwise.

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Intending  to be legally bound hereby, Executive has signed this Agreement as of the date set forth below under his signature:

	
			
	
	 
	INC RESEARCH, LLC

	 
	

 

Exhibit A 
Release Agreement

This Release Agreement (this "Agreement") is entered into by and between    _ ("Executive" or "You" or "Your"), INC Research, LLC (defined herein to include its, subsidiaries, parent entities, predecessors, successors and assigns, and hereinafter referred to as the "Company") and INC Research Holdings, Inc., the indirect parent company of the Company (defined herein to include its, subsidiaries, predecessors, successors and assigns, and hereinafter referred to as "Holdings") (together, the "Parties"), dated as of the date an executed copy of this Agreement has been delivered by Executive to the Company, as set forth in the signature block at the end of this Agreement (the "Effective Date").
In consideration of the promises set forth in the Separation and Release Agreement, dated
     ("Separation Agreement"), by and between the Parties as well as any promises set forth in this Agreement, the Parties agree as follows:

1.    Release of Claims.

1.1    In exchange for the Company and Holdings providing You with the payments and other benefits set forth in the Separation Agreement, to the fullest extent allowed by applicable law, You, individually and on behalf of Your heirs, executors, personal representatives, administrators, agents and assigns, forever waive, release, give up and discharge all waivable claims, liabilities and other causes of action, real  or perceived,  whether now known  or unknown,  against the Company, Holdings,  their respective parents, subsidiaries, and other related and affiliated companies, their employee benefit plans and trustees, fiduciaries, administrators, sponsors and parties-in-interest of those plans, and all of their past and present employees, managers, directors, officers, administrators, shareholders, members, agents, attorneys,  insurers, re-insurers  and contractors  acting in any capacity whatsoever,  and all of their respective  predecessors,  heirs,  personal  representatives,  successors  and  assigns  (collectively,  the "Released  Parties" as used throughout this Agreement), which have arisen, occurred or existed at any time prior to the date of this Agreement (or which You may have in the future as a result of acts that occurred prior to the date of the Effective Date), including, without limitation, any and all claims, liabilities and causes of action arising out of, relating to, or in connection with Your employment with the Company, any terms, conditions or privileges related to Your employment with the Company, the termination of Your employment by the Company, the payment or non-payment  of Your salary or bonuses by the Company, claims of wrongful discharge, retaliation, defamation, hostile environment, discrimination, personal injury, physical injury, misrepresentation or emotional distress, any change in control of the Company, and all alleged violations of federal, state or local fair employment practices or laws by any of the Released Parties for any reason and under any legal theory including, but not limited to, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000(e), et seq., the Americans with Disabilities Act, 42 U.S.C. § 1210i, et seq., the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq., the Older Worker Benefits Protection Act, 29 U.S.C. § 626(f), et seq., the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1001, et seq., the Civil Rights Act of 1991, 42 U.S.C. §§ 1981, 1983, 1985, 1986 and 1988, the Family and Medical Leave Act, 29 U.S.C. § 2601, et seq., the Equal Pay Act of 1963, 29 U.S.C. § 206, et seq., the Lilly Ledbetter Fair Pay Act of 2009, H.R. 11, the Consolidated  Omnibus  Budget  Reconciliation  Act,  29  U.S.C.  §  1161, et  seq.  ("COBRA"),  the Occupational Safety and Health Act, 29 U.S.C. 651 et seq., the North Carolina Equal Employment Practices Act, the North Carolina Retaliatory Employment Discrimination Act, the common law of the State of North Carolina, and all other federal or state or local laws, regulations, rules, ordinances, or orders, as they may be amended.  Without limiting the generality of the foregoing, You also forever waive, release, discharge and give up all claims, real or perceived and now known or unknown, for breach of implied or express contract, including but not limited to breach of promise, breach of the 

covenant of good  faith  and  fair  dealing,  misrepresentation,   negligence,  fraud,  estoppel,  defamation,   libel, misrepresentation,  intentional  infliction of emotional distress, violation of public policy, wrongful, retaliatory or constructive discharge, assault, battery, false imprisonment, negligence, and all other claims or torts arising under any federal, state, or local law, regulation, ordinance or judicial  decision, or under the  United  States or North  Carolina  Constitutions.  This waiver  and release  is  of Your  rights to  all remedies  and  damages  available to You  in law or equity,  including but  not  limited to  Your right to compensation,  backpay,  front pay, non-economic  damages, punitive  and exemplary  damages, statutory , damages, attorneys' fees, injunctive relief and declaratory judgments.  Nothing in this Agreement shall be construed to release any claims or waive any substantive rights that cannot be released or waived as a matter of applicable law.

1.2    You have agreed to and do waive any and all claims You may have for employment or reinstatement by the Company or any of the Released.

1.3    Notwithstanding the release contained in Section 1.1 above, You do not waive (i) Your entitlement to receive any 401(k), or pension plan benefits that shall have vested (if any) as of the Effective Date to the extent You have any entitlement to those benefits under the terms of the relevant plans, or (ii) Your right to file a charge with the EEOC or participate in an investigation conducted by the EEOC; however, You expressly waive Your right to monetary or other relief should any administrative agency, including but not limited to the EEOC, pursue any claim on Your behalf.

Nothing in this Agreement shall affect or limit Your, the Company's or Holdings' right to bring an action to enforce the terms of the Separation Agreement.

2.1    Covenant Not to Sue.

2.2    You warrant that You do not have any complaint, charge or grievance against any Released Party pending before any federal, state or local court or administrative or arbitral agency, and You further agree and covenant not to sue, file a lawsuit, or commence any other proceeding, arbitral, administrative or judicial action, against any of the Released Parties in any court of law or equity, or before any arbitral body or administrative agency, with respect to any matter released in Section 1.1 above; provided, however, that this covenant not to sue does not affect Your rights to enforce appropriately the terms of the Separation Agreement in a court· of competent jurisdiction and does not affect Your right to file a charge with the EEOC or participate in an investigation conducted by the EEOC; however, You expressly waive Your right to monetary or other relief should any administrative agency, including but not limited to the EEOC, pursue any claim on Your behalf.

2.3    Should You file a lawsuit with any court or arbitration panel concerning any claim, demand, issue, or cause of action waived, released or discharged through this Agreement or otherwise in breach of Section 2.1 above, You agree (i) that any amounts payable or paid to You, as applicable, pursuant to Section 2 of the Separation Agreement shall no longer be payable and, if already paid, shall promptly be returned to the Company and (ii) to the fullest extent allowed by applicable law, to indemnify the Released Parties for all costs and expenses incurred by them in defending such lawsuit. You further agree that nothing in this Agreement shall limit the right of a court to determine, in its sole discretion, that the Released Parties are entitled to restitution, recoupment or set off of any monies paid should the release of any claims under this Agreement subsequently be found to be invalid.

2.4    Should the Company or Holdings file a lawsuit with any court or arbitration panel concerning any claim, demand, issue, or cause of action waived, released or discharged through this Agreement or otherwise in breach of Section 2.3 above, the Company and Holdings agree, to the fullest extent allowed by applicable law, to indemnify You for all costs and expenses incurred by You in defending such lawsuit.

Each Party agrees not to advocate or incite the institution of, or assist or participate in, any suit, unrest, complaint, charge or administrative proceeding by any other person against the other Parties or any of the Released Parties, unless compelled by legal process to do so. Nothing in this Section 2 shall prohibit any Party from lawfully participating or cooperating in an investigative proceeding of any federal, state or local government agency.

3.0     Non-Admission  of Liability.  You agree that this Agreement shall not in any way be construed as an admission that any of the Released Parties owe You  any money or have acted wrongfully, unlawfully, or unfairly in any way towards You. In fact, You understand that the Released Parties specifically deny that they have violated any federal, state or local law or ordinance or any right or obligation that they owe or might have owed to You at any time, and maintain that they have at all times treated You in a fair, non-discriminatory and non-retaliatory manner.

4.1    Miscellaneous.

4.2    GOVERNING LAW AND VENUE.

4.2.1    THIS AGREEMENT AND ITS NEGOTIATION, EXECUTION, PERFORMANCE OR NON-PERFORMANCE, INTERPRETATION, TERMINATION, CONSTRUCTION AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) INCLUDING RESOLUTIONS OF DISPUTES THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT, OR THE NEGOTIATION AND PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE OR IN CONNECTION WITH THIS AGREEMENT OR AS AN INDUCEMENT TO ENTER INTO THIS AGREEMENT) (EACH A "PROCEEDING") SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA, REGARDLESS OF LAWS THAT MIGHT OTHERWISE GOVERN UNDER ANY APPLICABLE CONFLICT OF LAWS PRINCIPLES.

4.2.2    THE PARTIES AGREE THAT ANY PROCEEDINGS SHALL BE FINALLY SETTLED BY  ARBITRATION BY ONE ARBITRATOR APPOINTED JOINTLY BY THE PARTIES, OR,  IN  DEFAULT  OF  AGREEMENT  BETWEEN  THE  PARTIES,  APPOINTED,  BY  THE  AMERICAN ARBITRATION  ASSOCIATION. THE SEAT OF THE PROCEEDINGS WILL BE RALEIGH, NORTH CAROLINA, AND THEY WILL BE CONDUCTED IN THE ENGLISH LANGUAGE. IN DEFAULT OF AGREEMENT BETWEEN THE PARTIES, THE PROCEDURAL RULES OF THE AMERICAN ARBITRATION ASSOCIATION APPLICABLE TO EMPLOYMENT DISPUTES SHALL BE APPLIED.  TO THE EXTENT ALLOWED BY APPLICABLE LAW, THE ARBITRATOR SHALL DECIDE THE EXTENT TO WHICH EACH PARTY SHALL BEAR THE COSTS AND EXPENSES ASSOCIATED WITH THE RESOLUTION OF ANY PROCEEDINGS.
4.2.3    EACH   PARTY  FURTHER  AGREES  THAT  ANY  FINAL,  NON­  APPEALABLE   AWARD   OR   JUDGMENT   AGAINST   A   PARTY  IN  CONNECTION  WITH  ANY SUIT,    ACTION  OR    OTHER    PROCEEDING   ARISING   OUT  OF  OR   RELATING   TO   THIS AGREEMENT SHALL BE CONCLUSIVE AND BINDING ON SUCH PARTY AND THAT SUCH AWARD OR JUDGMENT MAY BE ENFORCED IN ANY COURT OF COMPETENT JURISDICTION, EITHER WITHIN OR OUTSIDE OF THE U.S. A CERTIFIED OR EXEMPLIFIED COPY OF SUCH AWARD OR JUDGMENT SHALL BE CONCLUSIVE EVIDENCE OF THE FACT AND AMOUNT OF SUCH AWARD OR JUDGMENT.

4.2    Severability. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity and severed from this Agreement, without invalidating the remainder of such provision or remaining provisions of this Agreement.

4.3    Proper Construction. The language of this Agreement shall be construed within the context of the whole Agreement and according to its fair meaning, and not strictly for or against any of the Parties. The paragraph headings used in this Agreement are intended solely for convenience of reference and shall not in any manner amplify, limit, modify or otherwise be used in the interpretation of any of the provisions hereof.

4.4    Survival.  Executive  acknowledges  that  the  covenants set forth in Sections    of the Separation Agreement and any provisions contained in the Separation Agreement that are intended to survive following termination of Executive's employment shall, pursuant to their terms, survive Executive's execution of this Agreement.

4.5    Amendments. This Agreement may be modified, altered or terminated only by an express written agreement between the Company, Holdings and You, which agreement must be signed by all Parties or their duly authorized agents, and expressly reference and attach a copy of this Agreement to be effective.

4.6    Counterparts. This Agreement may be signed in counterparts and said counterparts shall be treated as though signed as one document. In the event that the Parties execute this Agreement by exchange of portable document format or other electronically signed copies or facsimile signed copies, the Parties agree that, upon being signed by all the Parties, this Agreement shall become effective and binding and that such copies shall constitute evidence of the existence of this Agreement.

[Signature page follows]

IN WITNESS WHEREOF, Executive has executed this General Release Agreement as of the date set forth below.

EXECUTIVE

            

Name: Address:

Dated:    ("Effective Date")

Received, Acknowledged and Accepted:

INC RESEARCH, LLC

By:              Name:
Title:    General Counsel Date:

INC RESEARCH HOLDINGS, INC.

By:          Name:
Title:    General Counsel Date:

FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This First Amendment to Executive Employment Agreement ("First Amendment") is made and entered into as of the 18th day of June, 2014 by and between INC Research, LLC (hereinafter the "Company") and Jason Meggs ("Executive"). This First Amendment is an amendment to the Executive Employment Agreement entered into by Company and Executive dated April 8, 2014 (the "Agreement").

WHEREAS, the Company and Executive desire to modify the Agreement in accordance with this First Amendment.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants, conditions and agreements set forth herein 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 amend the Agreement and agree as follows:

1.    Amendment to Section 1. The first sentence of Section 1 of the Agreement is hereby deleted and replaced in its entirety with the following:

"Subject to the terms and conditions of this Agreement, the Company hereby employs Executive as Senior Vice-President Global Business Finance, and Executive accepts such employment effective April 11, 2014 ("Effective Date"); provided that, Executive will not provide active services to the Company until July 1, 2014."

2.Amendment to Section 4.  The first sentence of Section 4 of the Agreement is hereby deleted and replaced in its entirety with the following:

"The term of employment shall commence on the Effective Date and continue until terminated as set forth herein; provided that, Executive will not provide active services to the Company until July 1, 2014."

3.Counterparts.  This First Amendment may be executed in any number of counterparts, each of which shall constitute an original, but when taken together, shall constitute one instrument.  Counterparts of this First Amendment may be delivered via facsimile or other electronic means, with the intention that they shall have the same effect as an original counterpart hereof.

4.Effect on the Agreement.  Except as specifically provided herein, the Agreement shall remain in full force and effect.  Except as specifically provided above, the execution, delivery and effectiveness of this First Amendment shall not operate as a waiver of any right, power or remedy of the Company or the Executive under the Agreement.

5.Governing Law.  This First Amendment shall be governed by and construed in accordance with the laws of the State of North Carolina, without regard to the conflict of law provisions thereof.

IN WITNESS WHEREOF, the parties hereby execute this First Amendment to Executive Employment Agreement.

        
	
			
	EXECUTIVE
	 
	INC RESEARCH, LLCExhibit

	
			
	 
	 
	 

Exhibit 10.4
	
						
	 	VIA EMAIL
	 
	 
	 
	 

	 	DATE:
	March 20, 2018

	 	TO:
	Jason Meggs

	 	FROM:
	Alistair Macdonald

	 	SUBJECT:
	Interim CFO Compensation Package

	 	

Dear Jason, 

I want to thank you for accepting the role of serving as our Interim CFO as we develop our plans for a permanent CFO.  Serving in this role is very important to continuing the success of the finance team and the overall Company. 

First, I want to reassure you of the importance of your continuing role with the Company though the following additions to your current compensation package:

●    You will receive a salary increase, effective as of January 28, 2018, taking your salary to $400,000.  This increase in salary will remain in effect for so long as you are serving as Interim CFO.  
●    In recognition of your value to our Company, for so long as you serve as Interim CFO, you will also receive an additional compensation “stipend” of $2,000 per bi-weekly pay period, effective as of January 28, 2018, delivered to you via our normal payroll process.
●    You will also receive an increase in your MIP target value to 50% of base salary.
You will also be eligible to receive under your executive employment agreement with the Company dated April 8, 2014, amended June 8, 2014 (your “Employment Agreement”) a severance benefit equal to 12 months (instead of six months) of salary pay and your MIP target value paid over 12 months, plus the value of six months COBRA coverage if the Company terminates your employment without Cause (as such term is defined under your Employment Agreement).  

Finally, solely with respect to the time-vesting RSUs granted to you on February 15, 2018, if someone else is appointed as the Company’s permanent CFO and your employment is subsequently terminated by the Company without Cause and (A) such termination occurs prior to February 15, 2019, then 1/3 of the award will immediately vest, or (B) such termination occurs after February 15, 2019 and within 6 months after such CFO appointment, then a pro-rata portion (based on the number of days worked since the last applicable vesting date relative to 365) of the next vesting tranche of the award will immediately vest.  These awards will otherwise be subject to all the other terms and conditions of the applicable award agreement and applicable 2014 Equity Incentive Plan.  You agree that you will not have Good Reason (as such term is defined under your Employment Agreement) to resign due to someone else being appointed as the Company’s permanent CFO, upon a corresponding reversion of your salary or, in any case, the cessation of your stipend upon you ceasing to be Interim CFO.

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	
			
	

	
			
	 
	 
	 

	
						
	 	I look forward to the continued success of our finance team supporting the organization through your leadership.

Sincerely,

/s/ Alistair Macdonald
Alistair Macdonald
CEO

Acknowledged and Agreed:

/s/ Jason Meggs
Jason Meggs
EVP and Interim CFO

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