Quintiles Transnational Corp. Letter to John Ratliff Regarding Payment for Tax Liability on Pharma Services Holding, Inc. Share Purchase

Summary

Quintiles Transnational Corp. informs John Ratliff that, following his purchase of Pharma Services Holding, Inc. common stock at $0.2438 per share, the company will pay him $204,096.33 to help cover potential tax liability from the transaction. John remains responsible for any personal tax obligations, regardless of whether this payment fully covers them. He is advised to consult his tax advisor and discuss any related tax or withholding issues with Quintiles by December 10, 2004, and to consider the impact on his prior 83(b) election.

EX-10.25 5 g93307exv10w25.txt EX-10.25 Exhibit 10.25 (QUINTILES TRANSNATIONAL CORP. LOGO) Quintiles Transnational Corp. Post Office Box 13979 Research Triangle Park, NC ###-###-#### ###-###-#### / Fax ###-###-#### http://www.quintiles.com December 6, 2004 John Ratliff QTRN Re: Purchase of Pharma Shares Dear John, On July 15, 2004 you were offered the opportunity to purchase shares of common stock of Pharma Services Holding, Inc. for $0.2438 per share. In connection with potential tax liability to you resulting from your purchase of the shares, Quintiles will pay to you the amount of $204,096.33. You remain responsible for any personal tax liability whether or not this additional payment to you fully addresses your tax liability. We recommend that you seek advice from your personal tax advisor regarding the payment and discuss with us by December 10, the related tax and withholding issues. You also should consider whether any changes are appropriate with respect to the 83(b) election you made in connection with the purchase. If you have any questions, please contact me at ###-###-####. Sincerely, /s/ Denise J. Eller Denise J. Eller, CEBS Associate Director, Global Compensation & Benefits