EXHIBIT 10.04
SECOND AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Second Amendment to Executive Employment Agreement ("Second
Amendment") is made and entered into this the 1st day of April, 2001, by and
between QUINTILES TRANSNATIONAL CORP., a North Carolina Corporation (hereinafter
the "Company"), and XXXXXX X. XXXXXXXX, PH.D. (hereinafter the "Executive").
WHEREAS, the Company and Executive are parties to an Executive
Employment Agreement dated February 22, 1994 (the "Employment Agreement"), a
copy of which is attached hereto as Exhibit A and incorporated herein, as
amended by Amendment to Executive Employment Agreement dated October 26, 1999
("First Amendment"), a copy of which is attached hereto as Exhibit B and
incorporated herein; and
WHEREAS, the Company and Executive further desire to amend the
Employment Agreement;
NOW, THEREFORE, in consideration of the mutual agreements set forth
herein, the legal sufficiency and adequacy of which are hereby acknowledged, the
parties agree to amend the Employment Agreement as follows:
1. The Employment Agreement is amended by deleting the term "Chief
Executive Officer" from Sections 1, 4(c) and 4(f) and related references to that
term.
2. Also, the Employment Agreement is amended by changing all references
to "Chairman of the Board" to "Executive Chairman."
3. Except as herein set forth, the Employment Agreement and First
Amendment are not modified or amended and the parties hereto reaffirm and agree
to all of the terms and provisions of the Employment Agreement and First
Amendment, as herein amended, in all respects.
IN WITNESS WHEREOF, the parties have executed this Second Amendment to
Executive Employment Agreement as of the day and year first written above.
QUINTILES TRANSNATIONAL CORP.
By: /s/ Xxxxxxx X. Xxxxx
------------------------------
Name: Xxxxxxx X. Xxxxx
Title: VP, Global HR Ops and Assoc.
Gen'l Counsel
/s/ Xxxxxx X. Xxxxxxxx
-----------------------------
XXXXXX X. XXXXXXXX
