Document:

Form of Stock Option Agreement

  
 Exhibit 10.2 

PAREXEL INTERNATIONAL CORPORATION 
 Non-Qualified Stock Option Agreement 
 2007 Stock Incentive Plan 

1. Grant of Option. 

This Non-Qualified Stock Option Agreement (the “Agreement”) evidences the grant by PAREXEL International Corporation, a
Massachusetts corporation, including any Parent or Subsidiary of the Company as defined in Sections 424(e) or (f) of the Code (the “Company”), on «the Grant Date» to «Name», an employee of the Company (the
“Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2007 Stock Incentive Plan (the “Plan”), a total of «Shares» shares (the “Shares”) of
common stock, $0.01 par value per share, of the Company (“Common Stock”) at «Grant Price». Unless earlier terminated, this option shall expire on the date which is eight (8) years from the Grant Date (the “Final
Exercise Date”). 
 It is intended that the option evidenced by this Agreement shall not be an incentive stock option as
defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the term “Participant”, as used in this option,
shall be deemed to include any person who acquires the right to exercise this option validly under its terms. 
 2. Vesting of Option if
Business Relationship Continues. 
 If the Participant has continued to serve the Company in the capacity of an
employee, officer, director, consultant or advisor (such service is described herein as maintaining or being involved in a “Business Relationship” with the Company) on the following dates, subject to Section 3, the Participant may
exercise this option for the number of shares of Common Stock set opposite the applicable date: 
 One year but less than two
years from the Grant Date – 25% of the Shares 
 Two years but less than three years from the Grant Date – an
additional 25% of the Shares 
 Three years but less than four years from the Grant Date – an additional 25% of the Shares

 Four years from the Grant Date – an additional 25% of the Shares 

The foregoing rights are cumulative and, while the Participant continues to maintain a Business Relationship with the Company may be
exercised on or before the Final Exercise Date. 

 
All of the foregoing rights are subject to Section 3, as appropriate, if the Participant ceases to maintain a Business Relationship with the Company or retires, dies, becomes disabled or
undergoes dissolution while involved in a Business Relationship with the Company. 
 3. Exercise of Option. 

(a) Form of Exercise. Each election to exercise this option shall be in writing, signed by the Participant, and received by the
Company at its principal office, accompanied by this Agreement, and payment in full in the manner provided in Section 5(f) of the Plan. Such election shall state the number of Shares for which it is being exercised and the amount of the
purchase price for such Shares. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share. 

(b) Continuous Relationship with the Company Required. Except as otherwise provided in this Section 3, this option may not be
exercised unless the Participant, at the time he or she exercises this option, is, and has at all times since the Grant Date maintained or been involved in a Business Relationship with the Company (an “Eligible Participant”). For purposes
of this Section 3, employment of any Participant shall be considered as continuing uninterrupted during any bona fide leave of absence (such as those attributable to illness, military obligations or governmental service) provided that the
period of such leave does not exceed 90 days or, if longer, any period during which such Participant’s right to reemployment is guaranteed by statute. A bona fide leave of absence with the written approval of the Board of Directors of the
Company, or a Committee of such Board, if applicable, shall not be considered an interruption of employment under this Section 3, provided that such written approval contractually obligates the Company to continue the employment of the
Participant after the approved period of absence. Options granted under the Plan shall not be affected by any change of employment within or among the Company, so long as the Participant continues to maintain or be involved in a Business
Relationship with the Company. 
 (c) Termination of Relationship with the Company. If the Participant ceases to be an
Eligible Participant for any reason, then, except as provided in paragraphs (d), (e) and (f) below, the right to exercise this option shall terminate sixty (60) days after such cessation (but in no event after the Final Exercise
Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final
Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall
terminate immediately upon such violation. 
 (d) Exercise Period Upon Death or Disability. If the Participant dies or
becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause”
as specified in paragraph (e) below, this option shall be exercisable, within the period of one hundred eighty (180) days following the date of death or disability of the Participant (but in no event after the Final Exercise Date), by the
Participant (or, in the case of death, by an authorized executor, personal representative or beneficiary), and any 

  
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unexercisable installments of any stock options of the Company held by the Participant on the Participant’s last date of employment with the Company that have not expired, shall become
exercisable on such last date of employment and shall remain exercisable for the period set forth herein, provided that this option shall not be exercisable after the Final Exercise Date. 

(e) Discharge for Cause. If the Participant is discharged by the Company for “cause” (as defined below), the right to
exercise this option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean willful misconduct by the Participant or willful failure by the Participant to perform his or her responsibilities to the
Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the
Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for “Cause” if the Company determines, within 30 days after the Participant’s resignation, that discharge for cause was
warranted. 
 (f) Exercise Period Upon Retirement. If the Participant ceases to be an Eligible Participant by reason of
his or her Retirement from the Company, this Option shall be exercisable for a period of one hundred eighty (180) days following the date of Retirement of the Participant, by the Participant, provided that this option shall be
exercisable only to the extent that it was exercisable by the Participant on the date of his or her Retirement and further provided that this Option shall not, in any case, be exercisable after the Final Exercise Date. For purposes of this
Agreement, “Retirement” shall mean the voluntary termination by the Participant of his or her Business Relationship with the Company after completion of five (5) or more consecutive years of service with the Company and after
reaching “normal retirement age” as such term is commonly understood in the jurisdiction of the Participant’s residence. 
 (g) Dissolution. If the Participant is a corporation, partnership, trust or other entity that is dissolved, is liquidated, becomes insolvent or enters into a merger or acquisition with respect to
which the Participant is not the surviving entity, at a time when the Participant is involved in a Business Relationship with the Company, this option shall immediately terminate as of the date of such event, and the only rights hereunder shall be
those as to which this option was properly exercised before such dissolution or other event. 
 4. Withholding. 

No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision
satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option. 
 5. Nontransferability of Option. 
 This option may not be sold, assigned,
transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by
the Participant. 

  
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 6. Execution of Restrictive
Covenant Agreement. 
 The Participant acknowledges and agrees that in consideration for the above-referenced grant and
immediately prior to signing this Agreement, the Participant has delivered to the Company an executed agreement regarding confidentiality, non-disclosure, non-solicitation, assignments of inventions and intellectual property rights, and, if
applicable, non-competition (the “Restrictive Covenant Agreement”). The Participant acknowledges that he/she would not be entitled to receive the grant referenced herein but for the Participant’s execution of the Restrictive Covenant
Agreement immediately prior to signing this Agreement. 
 7. Capital Changes and Business Successions. 

The Plan contains provisions covering the treatment of options in a number of contingencies such as stock splits and mergers. Provisions
in the Plan for adjustment with respect to stock subject to options and related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. 

8. Miscellaneous. 
 (a)
Notices: All notices hereunder shall be in writing and shall be deemed given when sent by certified or registered mail, postage prepaid, return receipt requested, to the address set forth below. The addresses for such notices may be
changed from time to time by written notice given in the manner provided for herein. 
 (b) Entire Agreement:
Modification: This Agreement constitutes the entire agreement between the parties relative to the subject matter hereof, and supersedes all proposals, written or oral, and all other communications between the parties relating to the
subject matter of this Agreement. This Agreement may be modified, amended or rescinded only by a written agreement executed by both parties. 
 (c) Severability: The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity, legality or enforceability of any other provision.

 (d) No Guarantee of Employment: Nothing in this Agreement shall be construed or interpreted to provide the Participant with
any guarantee of employment with the Company for any defined period of time or any continued employment with the Company. Nothing in this Agreement shall alter or modify the employment status of the Participant. 

  
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 9. Provisions of the Plan.

 This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option.

 IN WITNESS WHEREOF, the Company has caused this option to be executed under its corporate seal by its duly authorized
officer. This option shall take effect as a sealed instrument. 
  

					
	PAREXEL INTERNATIONAL CORPORATION
		
	 By:
	 	

			
		 	Name:	 	James F. Winschel, Jr.
		 	Title:	 	SVP and Chief Financial Officer

  
 - 5 -

  
 NOTICE OF STOCK
OPTION EXERCISE 
  

	
	Date:
                    

PAREXEL International Corporation 
 200 West
Street 
 Waltham, MA 02451 

Attention: Senior Director of Investor Relations 
 Dear Sir or Madam: 
 I am the holder of
             Stock Option granted to me under the PAREXEL International Corporation (the “Company”) 2007 Stock Incentive Plan on
             for the purchase of              shares of Common Stock of the Company at a purchase price of $
         per share. 
 I hereby exercise my option to purchase
             shares of Common Stock (the “Shares”), for which I have enclosed              in the amount
of             . Please register my stock certificate as follows: 
  

					
			
		 	Name(s):	 	  

			
		 		 	  

			
		 	Address:	 	  

			
		 	Tax I.D. #:	 	  

 

							
	Very truly yours,	 		 	
		
	  
	 	
	(Signature)	 		 	

  
 - 6 -Form of Restricted Stock Agreement

  
 Exhibit 10.3

 PAREXEL International Corporation 
 RESTRICTED STOCK AGREEMENT 
 THIS AGREEMENT (the
“Agreement”) is entered into as of [INSERT DATE] (the “Award Date”) by and between PAREXEL International Corporation, a Massachusetts corporation (the “Company”) and
                    , an employee of the Company, hereinafter referred to as the “Participant.” 

WHEREAS, the Company has adopted the PAREXEL International Corporation 2007 Stock Incentive Plan (as it may be amended from time to time,
the “Plan”), the terms of which are hereby incorporated by reference and made a part of this Agreement; and 

WHEREAS, Section 7 of the Plan provides for the issuance of awards of the Company’s common stock, par value $0.01 per share
(“Common Stock”), subject to certain restrictions (“Restricted Stock”); and 
 WHEREAS, the
Committee defined in Section 3 of the Plan (the “Committee”) has determined that it would be to the advantage and in the best interest of the Company and its stockholders to award shares of Restricted Stock to the Participant
pursuant to the terms and conditions set forth herein; and 
 NOW, THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 

1.1 In General. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Plan.

1.2 “Restrictions” shall mean the restrictions on sale or other transfer set forth in Section 4.2 and the exposure to forfeiture
set forth in Section 3.1. 
 ARTICLE II 
 RESTRICTED STOCK AWARD 
 2.1 Award of Restricted Stock. In consideration of the
Participant’s agreement to remain in the employ of the Company, in exchange for the promises contained herein, and for other good and valuable consideration which the Committee has determined exceeds the aggregate par value of the shares of
Common Stock subject to the Award (as defined below), as of the Award Date, the Company issues to the Participant the number of shares of Restricted Stock set forth on the signature page hereof (the “Award”). 

2.2 Award Subject to Plan. The Award granted hereunder is subject to the terms and provisions of the Plan, including without limitation
Section 10 thereof. 

  
 ARTICLE III

 RESTRICTIONS 
 3.1 Forfeiture. Unless otherwise provided by written agreement between the Company and Participant (for example, employment agreements, severance agreements or change-in-control agreements),
any portion of an Award that is not vested at the time the employment of the Participant with the Company terminates for any reason (other than death or disability of the Participant as described in Section 3.2 below) shall thereupon be
forfeited immediately and without further action by the Company.  
 3.2 Vesting and Lapse of Restrictions. Subject to
Section 3.1, the Award shall vest in full on the third anniversary of the Award Date (the “Vesting Date”) if the Participant is employed by the Company on such date. If the Participant dies or becomes permanently and totally disabled
(within the meaning of Section 22(e)(3) of the Code) prior to the Vesting Date and while the Participant is employed by the Company, the Award shall vest in full upon the date of the Participant’s death or disability. 

3.3 Legend. Until such time as Restrictions have lapsed, the Company may, at any time, place legends referencing the Restrictions and any
applicable federal and/or state securities laws restrictions on certificates representing shares of Restricted Stock issued pursuant to this Agreement. The legend may include the following: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS SET FORTH IN THE AWARD AGREEMENT BETWEEN THE CORPORATION
AND THE REGISTERED HOLDER, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION.” 
 3.4 Payment of Taxes; Issuance of
Shares. 
 (a) Participant understands, acknowledges and agrees that the value of the Restricted Stock is subject to
state and federal income taxes and certain rules which require the Company to withhold amounts necessary to pay these taxes. Participant hereby authorizes the Company to reduce the number of shares of Restricted Stock delivered to Participant
at the time the restrictions lapse by the number of shares of Restricted Stock required to satisfy the tax withholding requirements (based on the fair market value of shares at such time). Such shares of Restricted Stock shall be returned to
the Company. Participant’s acknowledgement and acceptance of these tax withholding provisions are conditions precedent to the right of Participant to receive the Restricted Stock under the Plan and this Agreement. 

(b) In lieu of the reduction of shares delivered described in paragraph (a) above, Participant may pay to the Company the
amount of tax required to be withheld in cash, by check or in other form satisfactory to the Company. Such payment must be made by the date on which the Restrictions lapse or such later date as is established by the Company (not to exceed 15
days after the date on which the Restrictions lapse). 
 (c) The Shares will be released to the Participant when vested and
the applicable withholding obligations have been satisfied. 

  
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 3.5. Certain Changes in
Capitalization and Reorganization Events. Section 9 of the Plan shall govern the treatment of the Award in the event of certain Changes in Capitalization and Reorganization Events. 

3.6 Section 83(b) Election. Participant understands that Section 83(a) of the Code taxes as ordinary income the difference between
the amount, if any, paid for the shares of Common Stock and the Fair Market Value of such shares at the time the Restrictions on such shares lapse. Participant understands that, notwithstanding the preceding sentence, Participant may elect to
be taxed at the time of the Award Date, rather that at the time the Restrictions lapse, by filing an election under Section 83(b) of the Code (an “83(b) Election”) with the Internal Revenue Service within 30 days of the Award
Date. In the event Participant files an 83(b) Election, Participant will recognize ordinary income in an amount equal to the difference between the amount, if any, paid for the shares of Common Stock and the Fair Market Value of such shares as of
the Award Date. Participant further understands that an additional copy of such 83(b) Election form should be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Participant
acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to the award of Restricted Stock hereunder, and does not purport to be complete. PARTICIPANT FURTHER ACKNOWLEDGES THAT THE COMPANY
IS NOT RESPONSIBLE FOR FILING THE PARTICIPANT’S 83(b) ELECTION, AND THE COMPANY HAS DIRECTED PARTICIPANT TO SEEK INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE CODE, THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE OR FEDERAL
GOVERNMENT OR FOREIGN COUNTRY IN WHICH PARTICIPANT MAY RESIDE, AND THE TAX CONSEQUENCES OF PARTICIPANT’S DEATH. 

ARTICLE IV 

OTHER PROVISIONS 
 4.1
Stock Certificates. Stock certificates issued in respect of this Award shall be registered in the name of the Participant and shall be deposited in escrow with the Assistant Secretary or other escrow agent appointed by the Company;
provided, however, that in no event shall the Participant retain physical custody of any certificates representing unvested Restricted Stock issued to such Participant. The deposited certificates shall remain in escrow until all
Restrictions lapse or have been removed. The Participant shall, upon the execution of this Agreement, execute Joint Escrow Instructions in the form attached to this Agreement as Exhibit A. The Joint Escrow Instructions shall be delivered to
the Assistant Secretary of the Company as escrow agent thereunder. The Participant shall deliver to such escrow agent a stock assignment duly endorsed in blank, in the form attached to this Agreement as Exhibit B, and hereby instructs the
Company to deliver to such escrow agent, on behalf of the Participant, the certificate(s) evidencing the Restricted Stock issued hereunder. Such materials shall be held by such escrow agent pursuant to the terms of such Joint Escrow Instructions.

 4.2 Restricted Stock Not Transferable. Prior to vesting pursuant to Section 3.2 above, no Restricted Stock or any interest
or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or
any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy),

  
 3 

 
and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 4.2 shall not prevent transfers by will or by applicable laws of
descent and distribution. 
 4.3 Rights as Stockholder. No Participant shall have any rights as a stockholder with respect to any
shares of Common Stock to be distributed with respect to an Award until becoming the record holder of such shares. 
 4.4 Not a Contract of
Employment. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue in the employ of the Company or shall interfere with or restrict in any way the rights of the Company, which are hereby expressly
reserved, to discharge the Participant at any time for any reason whatsoever, with or without cause, except as may otherwise be provided by any written agreement entered into by and between the Company and the Participant. 

4.5 Governing Law. The laws of the Commonwealth of Massachusetts shall govern the interpretation, validity, administration, enforcement and
performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 
 4.6
Conformity to Securities Laws. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and any and all regulations and rules promulgated thereunder by the Securities and Exchange Commission, including without limitation Rule 16b-3 under the Exchange Act. Notwithstanding
anything herein to the contrary, the Plan shall be administered, and the Awards are granted, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall
be deemed amended to the extent necessary to conform to such laws, rules and regulations. 
 4.7 Amendment, Suspension and
Termination. The Awards may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Committee or the Board, provided that, except as may otherwise be provided by the Plan,
neither the amendment, suspension nor termination of this Agreement shall, without the consent of the Participant, alter or impair any rights or obligations under any Award. 
 4.8 Notices. Notices required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States mail by
certified mail, with postage and fees prepaid, addressed to the Participant to his address shown in the Company records, and to the Company at its principal executive office. 
 4.9 Severability. The invalidity or unenforceability of any paragraph or provision of this Agreement shall not affect the validity or enforceability of any other paragraph or provision, and all
other provisions shall remain in full force and effect. If any provision of this Agreement is held to be excessively broad, then such provision shall be reformed and construed by limiting and reducing it so as to be enforceable to the maximum
extent permitted by law. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 4 

  
 IN WITNESS WHEREOF, this Agreement has
been executed and delivered by the parties hereto. 
  

			
	PAREXEL INTERNATIONAL CORPORATION
		
	By:	 	
 

	Name:	 	Josef H. von Rickenbach
	Title:	 	Chairman & CEO
		
	Signed:	 	  

		 	Executive Officer

  

					
	Aggregate number of shares of Restricted Stock	 		  	***            ***
	 subject to the Award:
	 		  	                        

  
 5 

  
 Exhibit A 

PAREXEL International Corporation 
 Joint Escrow Instructions 
  

					
		 		 	[INSERT DATE]

 W. Brett Davis 

Associate General Counsel 
 PAREXEL International
Corporation 
 200 West Street 

Waltham, MA 02451 
 Dear Sir: 

As Escrow Agent for PAREXEL International Corporation, a Massachusetts corporation, and its successors in interest under the Restricted
Stock Agreement (the “Agreement”) of even date herewith, to which a copy of these Joint Escrow Instructions is attached (the “Company”), and the undersigned person (“Holder”), you are hereby authorized and directed to
hold the documents delivered to you pursuant to the terms of the Agreement in accordance with the following instructions: 
  

	 	1.	Appointment. Holder irrevocably authorizes the Company to deposit with you any certificates evidencing Restricted Stock (as defined in the Agreement) to be held
by you hereunder and any additions and substitutions to said Restricted Stock. For purposes of these Joint Escrow Instructions, “Restricted Stock” shall be deemed to include any additional or substitute property. Holder does hereby
irrevocably constitute and appoint you as his attorney-in-fact and agent for the term of this escrow to execute with respect to such Restricted Stock all documents necessary or appropriate to make such Restricted Stock negotiable and to complete any
transaction herein contemplated. Subject to the provisions of this Section 1 and the terms of the Agreement, Holder shall exercise all rights and privileges of a stockholder of the Company while the Restricted Stock is held by you.

  

	 	2.	Closing of Purchase. 

 (a)
Upon the exercise of any forfeiture rights by the Company of the Restricted Stock pursuant to the Agreement, the Company shall give to Holder and you a written notice pursuant to the Agreement. Holder and the Company hereby irrevocably authorize and
direct you to close the transaction contemplated by such notice in accordance with the terms of said notice (the “Closing”). 
 (b) At the Closing, you are directed (i) to date the stock assignment form or forms necessary for the transfer of the Restricted Stock, (ii) to fill in on such form or forms the

  
 6 

 
number of Restricted Stock being transferred, and (iii) to deliver same, together with the certificate or certificates evidencing the Restricted Stock to be transferred, to the Company.

  

	 	3.	Withdrawal. The Holder shall have the right at any time on or after the Vesting Date to withdraw from this escrow any Restricted Stock which is no longer subject
to forfeiture. 

  

	 	4.	Duties of Escrow Agent. 

(a) Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 

(b) You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be
protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do
hereunder as Escrow Agent or as attorney-in-fact of Holder while acting in good faith and in the exercise of your own good judgment, and any act done or omitted by you pursuant to the advice of your own attorneys shall be conclusive evidence of such
good faith. 
 (c) You are hereby expressly authorized to disregard any and all warnings given by any of the parties hereto or by
any other person or entity, excepting only orders or process of courts of law, and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. If you are uncertain of any actions to be taken or instructions to
be followed, you may refuse to act in the absence of an order, judgment or decrees of a court. In case you obey or comply with any such order, judgment or decree of any court, you shall not be liable to any of the parties hereto or to any other
person or entity, by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 

(d) You shall not be liable in any respect on account of the identity, authority or rights of the parties executing or delivering or
purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 
 (e) You shall be
entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder and may rely upon the advice of such counsel. 

(f) Your rights and responsibilities as Escrow Agent hereunder shall terminate if (i) you cease to be an employee of the Company or
(ii) you resign by written notice to each party. In the event of a termination under clause (i), the Secretary of the Company or its designee shall become Escrow Agent hereunder; in the event of a termination under clause (ii), the
Company shall appoint a successor Escrow Agent hereunder. 

  
 7 

  
 (g) If you reasonably
require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments. 

(h) It is understood and agreed that if you believe a dispute has arisen with respect to the delivery and/or ownership or right of
possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until such dispute shall have been settled either by mutual written
agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be under no duty whatsoever to institute or defend
any such proceedings. 
 (i) These Joint Escrow Instructions set forth your sole duties with respect to any and all matters
pertinent hereto and no implied duties or obligations shall be read into these Joint Escrow Instructions against you. 
 (j) The
Company shall indemnify you and hold you harmless against any and all damages, losses, liabilities, costs, and expenses, including attorneys’ fees and disbursements, (including without limitation the fees of counsel retained pursuant to
Section 4(e) above, for anything done or omitted to be done by you as Escrow Agent in connection with this Agreement or the performance of your duties hereunder, except such as shall result from your gross negligence or willful misconduct.

  

	 	5.	Notice. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the
United States Post Office, by registered or certified mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled at the following addresses, or at such other addresses as a party may designate by ten days’
advance written notice to each of the other parties hereto. 

  

					
		 	COMPANY:	  	Notices to the Company shall be sent to the address set forth in the salutation hereto, Attn: Chief Financial Officer
			
		 	HOLDER:	  	Notices to Holder shall be sent to the address set forth below Holder’s signature below.
			
		 	ESCROW AGENT:	  	Notices to the Escrow Agent shall be sent to the address set forth in the salutation hereto.

  
 8 

  

	 	6.	Miscellaneous. 

 (a) By
signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions, and you do not become a party to the Agreement. 
 (b) This instrument shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

 

			
	Very truly yours,
	
	PAREXEL International Corporation
		
	By:	 	  

	Title:	 	 Chairman & CEO

	
	HOLDER:
	  

	(Signature)
	
	  

	Print Name

  

			
	Address:	 	  

		 	  

 

			
	Date Signed:	 	  

 

	
	ESCROW AGENT:
	  

  
 9 

  
 Exhibit B 

(STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE) 
 FOR VALUE RECEIVED, I hereby sell, assign and transfer unto PAREXEL International Corporation
(                    ) shares of Common Stock, $0.01 par value per share, of PAREXEL International Corporation (the “Corporation”)
standing in my name on the books of the Corporation represented by Certificate(s) Number                      herewith, and do hereby
irrevocably constitute and appoint                      attorney to transfer the said stock on the books of the Corporation with full power of
substitution in the premises. 
  

			
	Dated:	 	                    
	
	  

	Name	 	

  
 10

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