Tax Payment Agreement for Pharma Services Holding, Inc. Share Purchase – Quintiles and John Ratliff

Contract Categories: Business Finance › Purchase Agreements
Summary

This letter agreement between Quintiles and John Ratliff confirms that Quintiles will pay John $109,288.67 to help cover the tax liability from his purchase of Pharma Services Holding, Inc. common stock at $0.2438 per share. John is responsible for any remaining tax liability beyond this payment. The agreement advises John to consult his personal tax advisor regarding the payment.

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EX-10.01 2 g98153exv10w01.htm EX-10.01 Ex-10.01  

EXHIBIT 10.01
August 22, 2005
John Ratliff
4741 Sharpstone Lane
Raleigh, NC 27615
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 the tax liability to you resulting from your purchase of the shares, Quintiles will pay to you the amount of $109,288.67. You remain responsible for any further 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.
If you have any questions, please contact me at ###-###-####.
Sincerely,
Nicky Rousseau
V.P., Global Compensation and Benefits