PAREXEL INTERNATIONAL CORPORATION
Non-Qualified Stock Option Agreement
2001 Stock Incentive Plan
1. Grant of Option.
This agreement evidences the grant by PAREXEL International Corporation, a Massachusetts corporation,
including any Parent or Subsidiary of the Company as defined in Sections 424(e) or (f) of the Code (the
"Company"), on [ ], 20[ ] (the "Grant Date") to [ ], an employee of the Company (the "Participant"), of an option
to purchase, in whole or in part, on the terms provided herein and in the Company's 2001 Stock Incentive Plan
(the "Plan"), a total of [ ] shares (the "Shares") of common stock, $0.01 par value per share, of the Company
("Common Stock") at $[ ] per Share. Unless earlier terminated, this option shall expire on the date which is eight
(8) years from the Grant Date (the "Final Exercise Date").
It is intended that the option evidenced by this agreement shall not be an incentive stock option as defined in
Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder
(the "Code"). Except as otherwise indicated by the context, the term "Participant", as used in this option, shall be
deemed to include any person who acquires the right to exercise this option validly under its terms.
2. Vesting of Option if Business Relationship Continues. If the Participant has continued to serve the Company in
the capacity of an employee, officer, director or consultant (such service is described herein as maintaining or
being involved in a "Business Relationship" with the Company) on the following dates, subject to Section 3, the
Participant may exercise this option for the number of shares of Common Stock set opposite the applicable date:
The foregoing rights are cumulative and, while the Participant continues to maintain a Business Relationship with
the Company may be exercised on or before the Final Exercise Date. All of the foregoing rights are subject to
Section 3, as appropriate, if the Participant ceases to maint