EXHIBIT 10.194
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 (the "Amendment"), made as of this 1st day of June,
2002 (the "Effective Date"), by and between PPD Development, LP ("PPD
Development") and W. Xxxxxxx Xxxxx ("Employee"), amends that certain Employment
Agreement dated May 1, 2002 between PPD Development and Employee (the
"Employment Agreement").
FOR AND IN CONSIDERATION OF the mutual promises, covenants and conditions
contained herein, and other good and valid consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereby amend the
Employment Agreement as follows:
1. Amendment to Section 4. The first sentence of Section 4 of the
Employment Agreement is hereby stricken and replaced in full by the following:
"Employee shall have overall responsibility for business development of (a) PPD
Development and all of its subsidiaries except Pharmaco Investments, Inc., (b)
PPD Global Ltd., (c) Leicester Clinical Research Centre Ltd., (d) Chelmsford
Clinical Trials Unit Ltd., (e) Piedmont Research Center, Inc., (f) Medical
Research Laboratories International, LLC, and (g) Medical Research Laboratories
International, BVBA (collectively, the "Businesses").
2. New Appendix I. All references to Appendix I in the Employment Agreement
shall be deemed to refer to Appendix I attached to this Amendment.
3. Binding Effect. The Employment Agreement, as herein amended, shall
continue in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first above written.
PPD DEVELOPMENT, LP
By: PPD GP, LLC, its general partner
By: /s/ Xxxx X. Xxxxxxxxx, Xx.
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Name: Xxxx X. Xxxxxxxxx, Xx.
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Title: Vice President
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/s/ W. Xxxxxxx Xxxxx (SEAL)
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W. Xxxxxxx Xxxxx
