Document:

EX-10.2

 Exhibit 10.2 
  

 
 NON-COMPETITION, NON-SOLICITATION, CONFIDENTIALITY AND IP AGREEMENT 

This Non-Competition, Non-Solicitation, Confidentiality and IP Agreement (the “Agreement”) is made and entered into as of the
date written below by and between [Name] (the “Executive”) and Quintiles Transnational Corp., a North Carolina corporation (the “Company”). 

WHEREAS, Executive is being hired to a senior position with the Company and will have responsibilities that embrace all of the services
provided by the Company and will have access to confidential information and trade secrets of the Company and its Affiliates, including but not limited to valuable information about their worldwide business operations and the persons and entities
with which they do business in various locations throughout the world and will develop relationships with their customers and others with which they do business in various locations throughout the world; and 

WHEREAS, Executive agrees that because of the information and relationships to which Executive will be exposed during the course of
Executive’s employment with the Company, it would be harmful to the Company for Executive to compete with the Company or solicit its clients, customers or employees in the manner prohibited by this Agreement and that the Company has a
legitimate business interest in protecting itself from such competition and solicitation. 
 NOW, THEREFORE, in consideration of the mutual
covenants, promises and obligations set forth herein, the parties agree as follows: 
 1. Nondisclosure. 

1.1. Recognition of Company’s Rights; Nondisclosure. Executive understands and acknowledges that during the course of employment
by the Company, Executive will have access to and learn about Confidential Information, as defined below, relating to the Company and its Affiliates, and the Company Business. Executive further understands and acknowledges that this Confidential
Information, and the Company’s ability to reserve it for the exclusive knowledge and use of the Company and its Affiliates, is of great competitive importance and commercial value to the company, and that improper use or disclosure of the
Confidential Information by Executive will cause irreparable harm to the Company and its Affiliates, for which remedies at law will not be adequate. At all times during Executive’s employment and thereafter, Executive will hold in strictest
confidence and will not disclose or use any Confidential Information, except as such disclosure or use may be required in connection with Executive’s work for the Company, or unless and to the extent the Company expressly authorizes such in
writing. Executive will obtain the Company’s written approval before publishing or submitting for publication any material (written, verbal, or otherwise, including without limitation presentations, abstracts or posters) that relates to
Executive’s work at the Company, relates to the Company’s Business, and/or incorporates any Confidential Information. 
 1.2.
Assignment. Executive agrees to assign and hereby assigns to the Company any rights Executive may have or acquire in any knowledge, data or information that is made, authored, conceived, developed, or reduced to practice by Executive during
the period of Executive’s employment with the Company and which (but for Executive’s rights therein) would constitute Confidential Information, and Executive recognizes that all Confidential Information shall be the sole property of the
Company. 

 1.3. Subpoena or Court Order. If Executive is required to disclose Confidential
Information pursuant to a court order, subpoena or other government process or such disclosure is necessary to comply with applicable law or defend against claims, Executive shall: (i) notify the Company promptly before any such disclosure is
made; (ii) at the Company’s request and expense take all reasonably necessary steps to defend against such disclosure, including defending against the enforcement of the court order, other government process or claims; and
(iii) permit the Company to participate with counsel of its choice in any proceeding relating to any such court order, subpoena, other government process or claims. 

1.4. Duration of Confidentiality Obligations. Executive understands and acknowledges that Executive’s obligations under this
Agreement with regard to any particular Confidential Information or Trade Secret shall commence immediately upon Executive first having access to such Confidential Information or Trade Secret (whether before or after Executive begins employment with
the Company) and shall continue during and after Executive’s employment by the Company until such time as such Confidential Information or Trade Secret has become public knowledge other than as a result of Executive’s breach of this
Agreement or breach by those acting in concert with Executive or on Executive’s behalf and shall not continue longer than ten (10) years after Executive’s separation from service. 

1.5. Confidential Information. The term “Confidential Information” includes, but is not limited to: (i) all
information not generally known to the public, in spoken, printed, electronic or any other form or medium, relating directly or indirectly to the Company Business, is of value and is treated as confidential, including, but not limited to, future
business plans, financial information, business plans, strategic plans, pricing information, licensing strategies, advertising campaigns, information regarding executives and employees, and the terms and conditions of this Agreement; and
(ii) information of the Company, or its Affiliates and its and/or their licensors, suppliers, customers, or prospective licensors or customers, including, but not limited to, data, formulas, patterns, compilations, programs, devices, methods,
techniques, processes, financial data, financial plans, product plans, or lists of actual or potential customers or suppliers, which: (aa) derives independent actual or potential commercial value, from not being generally known to or readily
ascertainable through independent development or reverse engineering by persons or entities who can obtain economic value from its disclosure or use; and (bb) is the subject of efforts that are reasonable under the circumstances to maintain its
secrecy. Notwithstanding anything otherwise in this Agreement to the contrary, Confidential Information shall not include information that is generally known or available to the public unless such information became so known or available as a
consequence of a breach by Executive of Executive’s obligations pursuant to this Agreement. 
 1.6. Third Party Information.
Executive understands, in addition, that the Company has received and in the future will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s part to
maintain the confidentiality of such information and to use it only for certain limited purposes. During the term of Executive’s employment and thereafter, Executive will hold Third Party Information in the strictest confidence and will not
disclose to anyone or use the Third Party Information, except as and to the extent permitted under this Agreement with respect to Confidential Information in connection with Executive’s work for the Company. 

1.7. No Improper Use of Information of Prior Employers and Others. During Executive’s employment by the Company, Executive will
not improperly use or disclose any Confidential Information, if any, of any former employer or any other person to whom Executive has an obligation of confidentiality. Executive will not bring onto the premises of the Company any unpublished
documents or any property belonging to any former employer or any other person to whom Executive has an obligation 

  
 2 

 
of confidentiality unless consented to in writing by that former employer or person. Executive will use in the performance of Executive’s duties only information which is generally known and
used by persons with training and experience comparable to Executive’s own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company or Executive. Executive
represents that Executive’s performance of all the terms of this Agreement and as an employee of the Company will be consistent with the obligations set forth in Section 1 of this Agreement. 

1.8. Acknowledgement upon Termination of Employment. Executive agrees that upon termination of Executive’s employment, without
limiting Executive’s obligations hereunder, and if requested by the Company, Executive will acknowledge Executive’s possession of Confidential Information by signing an appropriate list of all Confidential Information of which Executive
has knowledge or about which Executive has acquired information. 
 2. Competitive Business Activities. Executive acknowledges that by virtue of
Executive’s employment by and senior position with the Company, (i) Executive will have responsibilities that embrace each of the services provided within the Company Business (as defined in Section 2.8); (ii) the Company
operates the Company Business through employees of Company as well as a network of entities subsidiary to or affiliated with the Company, or owned by subsidiaries or Affiliates of the Company located throughout the world; (iii) by virtue of
Executive’s employment by and senior position with the Company, Executive will have access to Confidential Information (as defined in this Agreement) of the Company and its Affiliates, including but not limited to valuable information about
their worldwide business operations and the persons and entities with which they do business in various locations throughout the world and will develop relationships with their customers and others with which they do business in various locations
throughout the world; and (iv) the restrictions set forth in this Section 1 are reasonably necessary to protect the Company’s legitimate business interests, are reasonable as to time, territory, and scope of prohibited activities, do
not interfere with the public policy or public interest, and are described with sufficient accuracy and definiteness to enable Executive to understand the scope of the restrictions imposed. 

2.1. Covenant Not to Compete. During Executive’s employment and the twelve (12) month period following Executive’s
employment, Executive shall not, within the geographic territory identified in Section 2.4, do any of the following, whether or his own behalf or as an officer, director, stockholder, partner, associate, owner, employee, consultant or
independent contractor, nor shall Executive provide material assistance to any other person or entity to do so: 
  

	 	(a)	engage in the Company Business in competition with the Company or any Restricted Affiliate; 

  

	 	(b)	engage in the Company Business in any role that is the same as or materially similar to the role that he performed for the Company, in competition with the Company or any Restricted Affiliate; or 

 

	 	(c)	engage in the Company Business in competition with the Company or any Restricted Affiliate, in any role the performance of which would be reasonably presumed to require or involve the use or disclosure of Confidential
Information. 

 2.2. Covenant Not to Solicit Customers. During Executive’s employment and the twelve
(12) month period following Executive’s employment, Executive shall not, within the geographic territory identified in Section 2.4, engage in the following activities, whether on his own behalf or as an officer, director, stockholder,
partner, associate, owner, employee, consultant or independent contractor, nor shall Executive provide material assistance to any other person or entity to do so: 
  

	 	(a)	solicit any customer of the Company or any customer of any Restricted Affiliate, to obtain services that the customer had obtained from the Company or Affiliate from an entity in competition with the Company or
Restricted Affiliate; 

  
 3 

	 	(b)	solicit any person or entity which Executive serviced, contracted with or negotiated with on behalf of the Company or any Restricted Affiliate to obtain services that the customer had obtained from the Company or a
Restricted Affiliate from an entity in competition with the Company or Restricted Affiliate; 

  

	 	(c)	solicit any person or entity which any employee of Company or any Restricted Affiliate for whom Executive was responsible, serviced, contracted with or negotiated with on behalf of the Company or any Restricted
Affiliate, to obtain services that the customer had obtained from the Company or Affiliate from an entity in competition with the Company or Restricted Affiliate; 

 

	 	(d)	solicit any customer of the Company or any Restricted Affiliate, the effective solicitation of which would reasonably be expected to benefited by the knowledge of Confidential Information, to obtain services that the
customer had obtained from the Company or an Restricted Affiliate from an entity in competition with the Company or an Restricted Affiliate; 

  

	 	(e)	solicit any vendor or supplier of the Company or a Restricted Affiliate to cease doing business with the Company or Restricted Affiliate, or to provide services to an entity in competition with the Company or any
Restricted Affiliate the effect of which would be to eliminate or diminish the provision of services to the Company or an Restricted Affiliate; or 

  

	 	(f)	encourage any customer of the Company or any Restricted Affiliate to cancel, terminate or refrain from renewing or continuing any contract or business relationship with the Company or a Restricted Affiliate or to
otherwise diminish that Customer’s relationship with the Company or any Restricted Affiliate. 

 2.3. Covenant Not to
Solicit or Hire Employees. During Executive’s employment and the twelve (12) month period following Executive’s employment, Executive shall not, engage in the following activities, whether or his own behalf or as an officer,
director, stockholder, partner, associate, owner, employee, consultant or independent contractor, nor shall Executive provide material assistance to any other person or entity to do so: 

 

	 	(a)	offer employment to, solicit for employment or hire any employee of the Company or any a Restricted Affiliate or any person who was employed by the Company or any a Restricted Affiliate during the one year period prior
to the termination of Executive’s employment by the Company; 

  

	 	(b)	offer employment to, solicit for employment or hire any employee of Company or any a Restricted Affiliate with respect to whom Executive had responsibility at the time of the termination of Executive’s employment
by the Company or during the one year period prior to Executive’s termination by Company; 

  
 4 

	 	(c)	offer employment to, solicit for employment or hire any employee of Company or any a Restricted Affiliate who was personally known to Executive; or 

 

	 	(d)	offer employment to, solicit for employment or hire any employee of Company or any a Restricted Affiliate with respect to whom Executive had responsibility at the time of the termination of Executive’s employment
by the Company or during the one year period prior to Executive’s termination by Company, who was personally known to Executive. 

2.4. Geographic Territory. In recognition of the worldwide presence of the Company, the worldwide extent of Executive’s
responsibilities, the breadth of Executive’s knowledge of Confidential Information relevant to the operations of the Company and its Affiliates worldwide, and the relationships with customers, potential customers and contacts important to the
Company Business that Executive will develop and that will be available to him as a consequence of the goodwill of the Company worldwide, Executive agrees that the restrictions set forth in Sections 2.1 and 2.2 above will apply to the broadest
geographic territory possible, including the following geographical regions: (a) the world; (b) the United States; (c) any country in which Executive worked, had responsibility or provided services on behalf of
the Company or a Restricted Affiliate; (d) any country in which any employee of the Company or any Restricted Affiliate who was supervised by Executive, either directly or through other supervisors, had responsibility, provided services
or worked; (e) any State of the United States, or similar political subdivision in a foreign country, in which Executive worked or provided services on behalf of the Company or any a Restricted Affiliate; (f) any State of the
United States, or similar political subdivision of any foreign country in which any employee of the Company or any Restricted Affiliate who was supervised by Executive had responsibility, provided services or worked; (g) any city, or any
county or similar political subdivision in any foreign country, in which Executive had responsibility, worked or provided services on behalf of the Company or any a Restricted Affiliate; (h) any city, or any county or similar political
subdivision in any foreign country in which any employee of Company or any a Restricted Affiliate who was supervised by Executive had responsibility, worked or provided services on behalf of Company or any Restricted Affiliate; (i) any
State, city, metropolitan area or country (or similar political subdivisions in any foreign country) in which Company or any a Restricted Affiliate is located or does business. 

2.5. Exclusion. Notwithstanding the foregoing, Executive’s ownership of not more than one (1) percent 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 markets shall not violate this Section 1. 

2.6. Breach by Company. In no event shall any breach by the Company of any provision of this Agreement, or any allegation of such
breach, excuse Executive from the restrictions imposed by this this Section 1. 
 2.7. Tolling. The period during which
Executive must refrain from the activities set forth in Sections 2.1, 2.2 and 2.3 shall be tolled during any period in which he fails to abide by those provisions. 

2.8. Definitions. As used in this Agreement: 
  

	 	(a)	“Affiliate(s)” shall mean: (i) any company’s parent, subsidiary or related entity; and/or (ii) any entity directly or indirectly controlled or beneficially owned in whole or
part by a company or company’s parent, subsidiary or related entity. 

  

	 	(b)	“Company Business” shall mean the business engaged in by the Company, and its Restricted Affiliates, that includes but is not limited to the provision of contract research, sales and marketing services,
and consulting on health information services and healthcare policy to pharmaceutical, biotechnology, medical device and healthcare entities. 

  

	 	(c)	“Restricted Affiliates” shall mean any Affiliate of the Company with which Executive worked, had responsibility or supervisory authority, or which uses Confidential Information of the Company about
which Executive has knowledge. 

  
 5 

 3. Assignment of Inventions. 

3.1. Proprietary Rights; Inventions. The term “Proprietary Rights” shall mean all trade secret, patent, copyright,
mask work, trademark and other intellectual property rights throughout the world. The term “Inventions” shall mean any and all inventions, improvements, know-how, trade secrets, confidential and proprietary information, trademarks, service
marks and other indicia of origin, websites, URLs, domain names, software programs, discoveries, conceptions, preparations and developments, in all stages of development, whether or not eligible for or covered by patent, copyright or trade secret
protection. 
 3.2. Prior Inventions. Inventions, if any, patented or unpatented, which Executive made prior to the beginning of
Executive’s employment with the Company are excluded from the scope of this Agreement. To preclude any possible uncertainty, Executive has provided to Company a complete list of all Inventions that Executive has, alone or jointly with others,
made, authored, conceived, developed, or reduced to practice or caused to be made, authored, conceived, developed, or reduced to practice prior to the beginning of Executive’s employment with the Company, that Executive considers to be
Executive’s property or the property of third parties and that Executive wish to have excluded from the scope of this Agreement (collectively, “Prior Inventions”). If disclosure of any such Prior Invention would cause Executive
to violate any prior confidentiality agreement, Executive understands that Executive is not to list such Prior Inventions in his disclosure to the Company but is only to disclose a cursory name for each such Invention, a listing of the party to whom
it belongs and the fact that full disclosure as to such Inventions has not been made for that reason. If no such disclosure is attached, Executive represents that there are no Prior Inventions. Notwithstanding anything to the contrary in this
Agreement, Executive agrees that Executive will not incorporate, or permit to be incorporated, any Inventions in which Executive or any third parties own any rights in any Company product, process, service, machine, or other Company Inventions (as
defined below) without the Company’s prior written consent. Without limiting any other remedy to which the Company may be entitled, if in the course of Executive’s employment with the Company, (a) Executive incorporates an Invention
that Executive owns or controls into a Company product, process, service, machine, or other Company Invention, Executive agrees to grant and hereby grants to the Company a nonexclusive, royalty-free, paid-up irrevocable, perpetual, transferable,
worldwide license (with rights to sublicense through multiple tiers of sublicensees) under such Inventions and all Proprietary Rights therein to make, have made, modify, use, sell, have sold, import, export and otherwise exploit any and all
products, processes, services, machines or other Company Inventions, and (b) Executive incorporates an Invention that Executive does not own or control into a Company product, process, service, machine, or other Company Invention, Executive
shall take all reasonable action necessary to cause the third party who owns or controls such Invention to grant to the Company the rights described in the foregoing sentence. 

3.3. Assignment of Inventions. Executive agrees to assign and hereby assigns all Executive’s right, title and interest in and to
any and all Inventions and all Proprietary Rights with respect thereto (except to the extent that such Inventions constitute works for hire or otherwise belong to the Company by operation of law), which (a) are related to the Company’s
Business or actual or demonstrably anticipated research or development or (b) are developed during Company time or using Company resources, and that in each case are made, authored, conceived, developed, or reduced to practice by

  
 6 

 
Executive, either alone or jointly with others, during the period of Executive’s employment with the Company. Inventions assigned to the Company, or to a third party as directed by the
Company pursuant to this Section 3.3, are hereinafter referred to as “Company Inventions.” Executive further agrees to waive and hereby waives and agrees never to assert any and all moral rights in any Company Inventions, such
as the right to be named as author, the right to modify, the right to prevent mutilation and the right to prevent commercial exploitation, whether arising under the Berne Convention or otherwise, and all other similar rights regardless of whether
such right is denominated or generally referred to as a “moral right.” 
 3.4. Obligation to Keep Company Informed.
Executive will promptly disclose to the Company fully and in writing all Inventions that are made, authored, conceived, developed or reduced to practice by Executive, either alone or jointly with others, during the period of Executive’s
employment with the Company and for a two (2) year period thereafter. At the time of each such disclosure, Executive will advise the Company in writing of any Inventions that Executive believes are non-assignable Inventions under the provisions
of N.C. GEN. STAT. §66-57.1 (Inventions that Executive developed entirely on Executive’s own time without using the Company’s equipment, supplies, facility or trade secret information, unless such Invention (a) relates to the
Company’s Business or actual or demonstrably anticipated research or development, or (b) results from any work performed by Executive for the Company) and Executive will at that time provide to the Company in writing all evidence necessary
to substantiate that conclusion. 
 3.5. Works for Hire. Executive acknowledges and agrees that all original works of authorship
which are made by Executive (solely or jointly with others) within the scope of Executive’s employment and which are protectable by copyright are “works made for hire,” pursuant to the United States Copyright Act (17 U.S.C.,
Section 101). 
 3.6. Enforcement of Proprietary Rights. Executive agrees that Executive will assist the Company in every proper
way to obtain, and from time to time enforce, United States and foreign Proprietary Rights relating to Company Inventions in any and all countries. To that end Executive will execute, verify and deliver such documents and perform such other acts
(including appearances as a witness) as the Company may reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof. In addition, Executive agrees that
Executive will execute, verify and deliver assignments of such Proprietary Rights to the Company or its designee. Any such assistance provided during the term of Executive’s employment will be provided without additional compensation.
Executive’s obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in any and all countries shall continue beyond the termination of Executive’s employment, but the Company shall compensate
Executive at a reasonable rate after Executive’s termination for the time actually spent by Executive and for any reasonable expenses actually incurred by Executive thereafter at the Company’s request on such assistance. In the event the
Company is unable for any reason, after reasonable effort, to secure Executive’s signature on any document needed in connection with the actions specified in the preceding paragraph, Executive hereby irrevocably designates and appoints the
Company and each of its duly authorized officers and agents as Executive’s agent and attorney in fact, which appointment is coupled with an interest, to act for and on Executive’s behalf to execute, verify and file any such documents and
to do all other lawfully permitted acts to further the purposes of the preceding paragraph with the same legal force and effect as if executed by Executive. Executive hereby waives and quitclaims to the Company any and all claims, of any nature
whatsoever, which Executive now or may hereafter have for infringement of any Proprietary Rights assigned hereunder to the Company. 
 3.7.
Irrevocable Assignment. The Company’s ownership of all Company Inventions that are made, authored, conceived, developed or reduced to practice by Executive, either alone or jointly with others, during the period of Executive’s
employment with the Company, as assigned to the Company 

  
 7 

 
pursuant to this Agreement or by operation of law, shall not be subject to revocation or rescission in the event of a dispute between the Company and Executive concerning payment of compensation
or benefits to Executive, unless Executive proves that the Company acquired ownership thereof fraudulently. 
 4. Non-Disparagement. Executive agrees
not to make any disclosures, issue any statements or otherwise cause to be disclosed any information which is designed, intended or might reasonably be anticipated to disparage the Company, its officers or directors, its business, services,
products, technologies and/or personnel. Nothing in this section is intended, nor shall be construed, to (a) prohibit Executive from any communications to, or participation in any investigation or proceeding conducted by, any governmental
agency with jurisdiction concerning the terms, conditions and privileges of employment or jurisdiction over the Company’s business, or (b) prevent Executive from otherwise engaging in any legally protected activity. 

5. Records. Executive agrees to keep and maintain adequate and current records of all Confidential Information learned or received by Executive and all
Inventions made, authored, conceived, developed or reduced to practice by Executive during the period of Executive’s employment at the Company, which records shall be available to, and to the extent constituting Confidential Information or
Company Inventions shall remain the sole property of, the Company at all times. 
 6. No Conflicting Obligation. Executive represents that
Executive’s performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any (a) agreement to keep in confidence information acquired by Executive in confidence or in trust prior to
Executive’s employment by the Company, or (b) agreement with or obligation to any third party to which he is otherwise bound, or faculty or staff appointment with a university, government or other research institution). Executive has not
entered into, and Executive agrees that Executive will not enter into, any agreement, either written or oral, in conflict herewith. 
 7. Return of
Company Materials. When Executive leaves the employ of the Company, Executives agrees that: (a) Executive will return all the Company property (including, but not limited to, credit cards; keys; company car; cell phone; air card; access
cards; thumb drive(s), laptop(s), personal digital devices and all other computer hardware and software; records, files, documents, manuals, and other documents in whatever form they exist, whether electronic, hard copy or otherwise and all copies,
notes or summaries thereof which Executive created, received or otherwise obtained in connection with Executive’s employment); (b) Executive will not delete any emails, files or other information from any Company computer or device prior
to Executive’s return of the property except in strict accordance with Company policy; and (c) Executive will permanently delete any Company information that may reside on Executive’s personal computer(s), other devices or accounts
and submit all personal computers, phones and other devices which Executive used for Company business, and will identify all personal accounts on which Company information has been placed and related passwords, to a third party vendor, as may be
designated by the Company, for inspection and removal of any Company-related information. Executive further agrees that any property situated on the Company’s premises and owned by the Company, including disks and other storage media, filing
cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. 
 8. Publicity. Executive hereby
irrevocably consents to any and all uses and displays, by the Company and its agents, representatives and licensees, of Executive’s name, voice, likeness, image, appearance and biographical information in, on or in connection with any pictures,
photographs, audio and video recordings, digital images, websites, television programs and advertising, other advertising and publicity, sales and marketing brochures, books, magazines, other publications, CDs, DVDs, tapes and all other printed and
electronic forms and media throughout the world, at any time during or after the period of his employment by the Company, for all legitimate commercial and business purposes of the Company without further consent from or royalty, payment or other
compensation to Executive. 

  
 8 

 9. Legal and Equitable Remedies for Breach of Certain Provisions. Executive acknowledges that his failure
to abide by Sections 1 (Competitive Business Activities), 1 (Nondisclosure), 3 (Inventions) of this Agreement would cause irreparable harm to the Company and/or its Affiliates for which legal remedies would be inadequate. Therefore, in addition to
any legal or other relief to which the Company and/or its Affiliates may be entitled by virtue of Executive’s failure to abide by these provisions: (a) the Company will be released of its obligations to make any post-termination payments,
including but not limited to those available pursuant to any employment contract or agreement or severance plan in which Executive participates; (b) the Company may seek legal and equitable relief, including but not limited to preliminary and
permanent injunctive relief, for Executive’s actual or threatened failure to abide by these provisions; (c) Executive will return all post-termination payments received, including but not limited to those received pursuant to any
employment contract or agreement or severance plan in which Executive participates hereof; and (d) if, as a result of Executive’s failure to abide by the Competitive Business Activities provisions, any commission or fee becomes payable to
Executive or to any person, corporation or other entity with which Executive has become employed or otherwise associated, Executive shall pay the Company or cause the person, corporation or other entity with whom he has become employed or otherwise
associated to pay the Company an amount equal to such commission or fee. In the event that the Company exercises its right to discontinue payments under this provision and/or Executive returns all post-termination payments received pursuant to this
Agreement, Executive shall remain obligated to abide by the terms of this Agreement, including but not limited to Sections 1 (Nondisclosure), 2 (Competitive Business Activities), 3 (Inventions) set forth in this Agreement. Executive agrees that, in
the event Executive breaches or threatens to breach any of the provisions of this Agreement, the Company shall be entitled to recover from the Executive all expenses incurred by it in enforcing the terms of this Agreement, including, but not limited
to, its reasonable attorneys’ fees and costs. 
 10. Notification of New Employer. In the event that Executive leave the employ of the Company,
Executive hereby consent to the notification of Executive’s new employer of Executive’s rights and obligations under this Agreement. 
 11.
Governing Law; Consent to Personal Jurisdiction and Forum. This Agreement shall be construed, interpreted, and governed in accordance with and by North Carolina law, without regard to the conflicts of laws principles thereof. The parties
agree that the state and federal courts in North Carolina shall have jurisdiction (non-exclusive) for the adjudication of all disputes arising out of this Agreement, and Executive consents to the exercise of personal jurisdiction over Executive in
any such adjudication and hereby waives any and all objections and defenses to the exercise of such personal jurisdiction and such venue. 
 12.
Severability. Executive agrees that the restrictions contained in this Agreement are reasonable and necessary, are valid and enforceable, and do not impose a greater restraint than necessary to protect the Company’s legitimate business
interests. If moreover, any one or more of the provisions contained in this Agreement shall for any reason be held by a court to be excessively broad as to duration, geographical scope, activity or subject, the parties intend that such court would
reduce, or “blue pencil” such provision by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. In case any one or more of the provisions contained in this Agreement
shall, for any reason (including the failure of a court to “blue pencil” a provision pursuant to the foregoing sentence), be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall
not affect the other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein; provided, however, that if the absence of such provision causes a
material adverse change in either the 

  
 9 

 
risks or benefits of this Agreement to either the Company or Executive, the Company and Executive shall negotiate in good faith a commercially reasonable substitute or replacement for the invalid
or unenforceable provision. 
 13. Successors and Assigns. This Agreement will be binding upon Executive’s heirs, executors, administrators and
other legal representatives and will be for the benefit of the Company, its successors, and its assigns. 
 14. Waiver. No waiver by the Company of
any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required to give notice to
enforce strict adherence to all terms of this Agreement. 
 15. Entire Agreement. This Agreement contains the entire agreement of the parties with
respect to the matters set forth herein and supersedes all previous negotiations and discussions, agreements and understandings regarding such matters, with the exception of any employment agreement to which Executive and the Company are parties. In
the event of any conflict between this Agreement and any other agreement with the Company, the terms of the agreement which are most restrictive shall control. It is understood that this Agreement does not constitute an express or implied employment
contract for any definite period of time and that Executive’s employment with the Company is “at will” meaning that either the Company or Executive can end the employment relationship at any time, with or without cause. 

16. Counterparts. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which taken together
shall constitute one and the same instrument. 
 [Signature Page Follows] 

  
 10 

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

 

			
	QUINTILES TRANSNATIONAL CORP.
		
	By:	 	  

		 	Name:
		 	Title:
	
	EXECUTIVE
		
		 	  

		 	Name:

  
 11EX-10.3

 Exhibit 10.3 
  

 
 October 14, 2015 
 Dear
Mr. McDonnell, 
 Offer and Position 
 We are very
pleased to extend an offer of employment to you for the position of Executive Vice President, Chief Financial Officer of Quintiles Transnational Corp., a North Carolina corporation (the “Company”). This offer of employment is
conditioned on your satisfactory completion of certain requirements, as more fully explained in this letter. Your employment is subject to the terms and conditions set forth in this letter. 

Duties 
 In your capacity as Executive Vice President,
Chief Financial Officer, you will report directly to the Chief Executive Officer. You agree to devote your full business time, attention and best efforts to the performance of your duties and to the furtherance of the Company’s interests and
will not engage in any other compensated business activities (including board memberships) without the Company’s prior written consent, which will not be unreasonably withheld; provided, however, this provision does not prohibit you from
participation in charitable endeavors or private investments which do not affect the performance of your job. 
 Location 

Your principal place of employment shall be at our corporate headquarters in Raleigh-Durham, North Carolina, subject to business travel as needed to properly
fulfill your employment duties and responsibilities. 
 Start Date 

Subject to satisfaction of all of the conditions described in this letter, your employment will commence on a mutually acceptable start date (“Start
Date”). We understand and agree that the Start Date may be as much as 120 days from the date this letter is signed by you due to the 90 day notice of resignation requirement in the employment agreement you have with your current employer.

 Base Salary 
 In consideration of your services, you
will be paid an initial base salary of $650,000 per year, subject to annual or more frequent review. The base salary shall be payable in periodic installments in accordance with the standard payroll practices of the Company and subject to all
withholdings and deductions as required by law. 

 Signing Bonus 

You will be paid a one-time signing bonus in the amount of $1,000,000, payable in two equal installments: 50% within 30 days following the Start Date, and 50%
on or before March 15, 2016 (assuming you are still employed at that time). You will promptly repay the signing bonus if your employment is terminated by the Company for Cause or by you without Good Reason prior to March 15, 2017. 

Annual Bonus 
 During your employment, you will be
eligible to participate in the Company’s Executive Committee Annual Incentive Plan (or such successor or additional plans, the “AIP”) on the same terms and conditions as other similarly situated executives. Your annual target
bonus opportunity will be 85% of base salary. Actual payments will be determined based on the applicable performance goals, subject to the terms and conditions set forth in the AIP. 

For the 2016 calendar year, you will be guaranteed an annual bonus equal to at least 85% of your base salary, subject to the terms and conditions of the AIP
(including but not limited to the requirement to be employed on the date the annual bonus payments in respect of the calendar year are made). You will not be eligible for a prorated annual bonus in respect of the 2015 calendar year. 

Equity Grants 
 Promptly following the Start Date, you
will receive a one-time equity award in the form of time-based restricted stock units (“RSUs”) with an aggregate grant date dollar value equal to $2,500,000, subject to the approval of the compensation committee of the Board (the
“Committee”) (such grant of RSUs, the “Sign-onRSUs”). The Sign-on RSUs will be subject to the terms and conditions of the Quintiles Transnational Corp. 2013 Stock Incentive Plan (the “Plan”) and our
Equity Award Policy, and an award agreement, and will vest in equal 25% installments over four (4) years. 
 For the 2016 calendar year, management
will recommend the aggregate value of your award(s) on the grant date will be $1,000,000, subject to the approval of the Committee. For each full calendar year of employment after 2016, you will be eligible to receive an annual equity award
determined by the Committee in its discretion. The terms and conditions of the annual equity awards will be determined by the Committee, and subject to the terms and conditions of the Plan, but shall be no less favorable in amount, terms and
conditions than those that apply to similarly situated executive officers of the Company. 
 Benefits and Perquisites 

You will be eligible to participate in the employee benefit plans and programs generally available to the Company’s senior executives, including
relocation benefits, subject to the terms and conditions of such plans and programs. The Company reserves the right to amend, modify or terminate any of its benefit plans or programs at any time and for any reason. It is expected that you will
relocate to the Raleigh, North Carolina region in the summer of 2017. Prior to that time, it is expected you will spend approximately four work days a week at the Company headquarters when not traveling for business or on holiday. Prior to
relocation, the Company will reimburse the cost of traveling to and staying at the Company’s headquarters and other business travel in accordance with the Company’s standard travel policies. 

  
 2 

 Business Expenses 

You will be reimbursed for reasonable and necessary expenses actually incurred by you in performing services in accordance with and subject to the terms and
conditions of the applicable Company reimbursement policies, procedures and practices as they may exist from time to time. 
 Withholding 

All forms of compensation paid to you as an employee of the Company shall be less all applicable withholdings. 

Stock Ownership Requirements 
 As a Chief Financial
Officer of the Company, you will be required to comply with the Company’s Stock Ownership Requirements applicable to executive officers. 
 At-will
Employment 
 Your employment with the Company will be for no specific period of time. Rather, your employment will be at-will, meaning that you or
the Company may terminate the employment relationship at any time, with or without cause, and for any reason or no particular reason in accordance with the terms of this letter. Notwithstanding the foregoing sentence, the Company must provide
you with ninety (90) days’ advance written notice of its intention to terminate your employment for reasons other than Cause, and you must provide the Company with ninety (90) days’ advance written notice of your intention to
terminate your employment for any reason. The Company may elect to waive all or any part of the 90-day notice period, in which case, in addition to any other amounts due to you pursuant to this letter or otherwise, (1) the Company will pay to
you an amount equal to your base salary for the number of days waived, plus any earned but unpaid annual bonus which otherwise would have been paid during the notice period under the terms of the AIP, and (2) any unvested equity with vesting
dates that occur during the notice period would vest as though the notice period had not been waived and you had remained employed during the waived notice period. 

Severance 
 If your employment with the Company is
terminated by the Company other than for Cause or by you for Good Reason (each as defined on Appendix A hereto), subject to your execution and non-revocation, of a release of claims in a form provided by the Company: 

 

	 	•	 	 You will be eligible to receive severance in an aggregate amount equal to one times your base salary plus target bonus in effect for the year of
termination, payable in equal installments on the Company’s regular payroll schedule, with the first installment to be paid on the first regular payroll date occurring after the 30th day

  
 3 

	 	 
following the termination date. The first installment payment will include all amounts that would otherwise have been paid to you since the period beginning on the termination date if no delay
had been imposed; and 

  

	 	•	 	If such termination event prior to the first anniversary of the grant date, fifty percent (50%) of your Sign-on RSUs will become fully vested and any restrictions thereon will immediately lapse, and if such
termination event occurs between the first and second anniversary of the grant date, an additional twenty-five percent (25%) of your Sign-on RSUs shall become fully vested and any restrictions thereon will immediately lapse (such that fifty
percent (50%) of your Sign-on RSUs will be vested as of such termination), and if such termination occurs after the second anniversary of the grant date, an additional fifty percent (50%) of your Sign-on RSUs that are outstanding and
unvested as of the date of your termination will become fully vested and any restrictions thereon will immediately lapse. 

Change-in-Control Benefits 
 You will be eligible to
participate in any Change in Control Severance Plan which is adopted by the Company in the future (such plan, a “CIC Plan”) on the same terms and conditions as will be in effect under the CIC Plan for similarly situated
executive officers of the Company. 
 Section 409A 

This offer letter is intended to comply with Section 409A of the Internal Revenue Code (“Section 409A”) or an exemption thereunder and
shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this offer letter, payments provided under this offer letter may only be made upon an event and in a manner that complies with
Section 409A or an applicable exemption. Any payments under this offer letter that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from
Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this offer letter shall be treated as a separate payment. Any payments to be made under this offer letter upon a termination
of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this offer letter comply with
Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by you on account of non-compliance with Section 409A. 

Notwithstanding any other provision of this offer letter, if any payment or benefit provided to you in connection with termination of employment is determined
to constitute “nonqualified deferred compensation” within the meaning of Section 409A and you are determined to be a “specified employee” as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be
paid until the first payroll date to occur following the six-month anniversary of your termination date (the “Specified Employee Payment Date”) or, if earlier, on the date of your death. The aggregate of any payments that would
otherwise have been paid before the Specified Employee Payment Date shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original
schedule. 

  
 4 

 Clawback 

Any amounts payable hereunder are subject to any policy (whether currently in existence or later adopted or amended during your employment that applies to
senior executives of the Company generally) established by the Company providing for clawback or recovery of amounts that were paid to you. The Company will make any determination for clawback or recovery in its sole reasonable discretion and in
accordance with any applicable law or regulation. 
 Governing Law 

This offer letter shall be governed by the laws of North Carolina, without regard to conflict of law principles. 

Contingent Offer 
 This offer is contingent upon: 

(a) Verification of your right to work in the United States, as demonstrated by your completion of an I-9 form upon hire and your submission of
acceptable documentation (as noted on the I-9 form) verifying your identity and work authorization within three days of your Start Date. For your convenience, a copy of the I-9 Form’s List of Acceptable Documents is enclosed for your review.

 (b) Satisfactory completion standard background investigation, including drug screen, and 

(c) Your execution of the Company’s Non-Competition, Non-Solicitation, Confidentiality and IP Agreement, which for avoidance of doubt will
include provisions regarding non-competition and non-solicitation of customers and employees for 12 months following your termination of employment for any reason. 

This offer will be withdrawn if any of the above conditions are not satisfied. 

Representations 
 By accepting this offer, you represent
that you are able to accept this job and carry out the work that it would involve without breaching any legal restrictions on your activities, such as non-competition, non-solicitation or other work-related restrictions imposed by a current or
former employer. You also represent that you will inform the Company about any such restrictions and provide the Company with as much information about them as possible, including any agreements between you and your current or former employer
describing such restrictions on your activities. You further confirm that you will not remove or take any documents or proprietary data or materials of any kind, electronic or otherwise, with you from your current or former employer to the Company
without written authorization from your current or former employer, nor will you use or disclose any such confidential information 

  
 5 

 
during the course and scope of your employment with the Company. If you have any questions about the ownership of particular documents or other information, you should discuss such questions with
your former employer before removing or copying the documents or information. 
 We are excited at the prospect of you joining our team. If you have any
questions about the above details, please call me immediately. If you wish to accept this position, please sign below and return this letter to James Erlinger within ten (10) days. 

I look forward to hearing from you. 
  

	
	Yours sincerely,
	
	/s/ Lisa van Capelle
	
	Lisa van Capelle
	
	On behalf of Quintiles Transnational Corp.

 Acceptance of Offer 
 I
have read, understood and accept all the terms of the offer of employment as set forth in the foregoing letter. I have not relied on any agreements or representations, express or implied, that are not set forth expressly in the foregoing letter, and
this letter supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the subject matter of this letter. 

 

			
	MICHAEL MCDONNELL
		
	Signed	 	 /s/ Michael McDonnell

		
	Date	 	 10 – 14 – 2015

  
 6 

 Appendix A 

As used in the offer letter: 
  

	 	•	 	“Cause” means the occurrence of any of the following: (i) any willful misconduct or omission or act of dishonesty by you, which as determined by the Company in its reasonable discretion, may cause
material harm to the Company or its affiliates, or any other actions that are materially detrimental to the Company or any affiliates’ interest; (ii) gross negligence or willful misconduct by you in the performance of your duties;
(iii) any material act by you of fraud or intentional misrepresentation or embezzlement, misappropriation or conversion of assets, whether or not related to your employment with the Company; (iv) you being indicted for, convicted of,
confessing to, pleading nolo contendere or becoming the subject of proceedings that provide a reasonable basis for the Company to believe that you have engaged in, a felony or in any other crime involving dishonesty or moral turpitude; (v) your
material violation of a provision of the Company’s code of conduct, ethics policy or other material policy of the Company, which as determined by the Company in its reasonable discretion may be materially detrimental to the Company or any
affiliates’ interest; (vi) your material breach of fiduciary duty to the Company or its affiliates which as determined by the Company in its reasonable discretion may be materially detrimental to the Company or any affiliates’
interest; or (vii) your material breach of this letter, the Non-Competition, Non-Solicitation, Confidentiality and IP Agreement or any other written agreement between you and the Company which as determined by the Company in its reasonable
discretion may be materially detrimental to the Company or any affiliates’ interest; provided that, “Cause” shall not be deemed to have occurred pursuant to subsections (v) and (vii) hereof unless you have first received
written notice from the Company specifying in reasonable detail the particulars of such grounds and that Company intends to terminate your employment hereunder for such reason, and if such ground is reasonably capable of being cured within fifteen
(15) days, you have failed to cure such ground within a period of fifteen (15) days from the date of such notice. The Company may place you on paid leave while it is determining whether there is a basis to terminate your employment for
Cause or during the above-referenced cure period, which in no circumstances will constitute Good Reason; and 

  

	 	•	 	“Good Reason” means the occurrence of any of the following without your written consent: (i) a material reduction in your base salary; (ii) a material reduction in your target bonus
opportunity; (iii) relocation of your principal place of employment by more than 50 miles; (iv) any material breach by the Company of any material provision of the offer letter, including but not limited to a failure of the Company to issue the
Sign-on Award; or (v) a material, adverse change in your title, duties or responsibilities (other than temporarily while you are physically or mentally incapacitated or as required by applicable law), including any change as a result of which
you are no longer reporting directly to the Chief Executive Officer of the Company. You cannot terminate your employment for Good Reason unless you have provided written notice to the Company of the existence of the circumstances providing grounds
for termination for Good Reason within thirty (30) days of the initial existence of such grounds and the Company has had at least thirty (30) days from the date on which such notice is provided to cure such circumstances. You must
terminate your employment for Good Reason within ten (10) days following the end of the cure period, or you will be deemed to have waived your right to terminate for Good Reason with respect to such grounds. 

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]