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EXHIBIT 10.2
EMPLOYMENT AGREEMENT
between
PAREXEL INTERNATIONAL CORPORATION
(hereinafter referred to as the "Company")
000 Xxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxxxx 00000
and
PROFESSOR DR. MED. X.X. XXXXXXXX
(hereinafter referred to as the "Manager")
Section 1
APPOINTMENT AND MANAGEMENT AUTHORIZATION
1. Effective July 1, 1997, the Manager is appointed Senior Vice
President, Clinical Pharmacology of the Company. As such, he will
report directly to the CEO of the Company and will have the job
responsibilities defined in a separate document.
2. The Manager shall dedicate his entire business efforts to the
Company and its subsidiaries and will execute and be bound by the
Company's Key Employee Confidentiality and Non-Competition
Agreement (the "Key Employee Agreement"). The Key Employee
Agreement is incorporated herein by reference.
3. The parties acknowledge the employment agreement between the
Manager and PAREXEL GmbH Independent Pharmaceutical Research
Organization.
Section 2
COMPENSATION
1. The Manager will receive a monthly gross salary of $5,800.00
payable at the end of each calendar month. Such salary covers any
overtime work performed by the Manager.
2. The Manager will be eligible to receive an incentive bonus of up
to 30% of his salary in accordance with the provisions of the
Company's Management Incentive Plan.
Section 3
DURATION OF THE CONTRACT, TERMINATION
1. The term of this agreement is from July 1, 1997 through June 30,
2001, provided that the Company may terminate this agreement at
any time without prior notice for cause, or in the event of a
breach of this Agreement or the Key Employee Agreement by the
Manager.
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Section 4
MISCELLANEOUS
1. Modifications of and supplements to this contract need to be in
writing.
2. If a provision of this contract is or legally becomes invalid,
the validity of the remaining provisions shall not thereby be
affected. The contracting parties are obligated to replace the
invalid provision by a legally valid provision which achieves, or
virtually achieves, the purpose of the invalid provision.
3. This agreement is governed under the laws of the Commonwealth of
Massachusetts.
PAREXEL INTERNATIONAL CORPORATION
By: /s/ Xxxxx X. xxx Xxxxxxxxxx
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Xxxxx X. xxx Xxxxxxxxxx
Chairman, CEO
/s/ Prof. Dr. med. X.X. Xxxxxxxx
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Prof. Dr. med. X.X. Xxxxxxxx
May 12, 1997
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Date
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