AMENDMENT TO EMPLOYEE AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, made this 2nd day of February,
1998, by and between Pharmaceutical Product Development, Inc., a North Carolina
corporation ("PPD") and Xxxx X. Xxxxxxxxx, Xx. ("Employee"), amends that certain
Employment Agreement dated September 26, 1996 between PPD and Employee (the
"Employment Agreement").
WHEREAS, concurrent with the execution of this Amendment Employee has
entered into a Severance Agreement with the Company that provides for benefits
similar to those provided to Employee under Section 20 of the Employment
Agreement;
WHEREAS, Employee is required to agree to enter into this Amendment
deleting the provisions of Section 20 of the Employment Agreement in order to
receive the benefits provided by the Severance Agreement.
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree that Section 20 of the Employment Agreement
is deleted effective the date hereof.
The Employment Agreement, as amended herein, shall continue in full
force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed as of the date first hereinabove set forth.
PHARMACEUTICAL PRODUCT
DEVELOPMENT, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
------------------------------
Name: Xxxxxxx X. Xxxxxxxx
Title: Chief Executive Officer
/s/ Xxxx X. Xxxxxxxxx, Xx.
---------------------------(SEAL)
Xxxx X. Xxxxxxxxx, Xx.
