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BOOST YOUR RETIREMENT ACCOUNT IN 2019

BOOST YOUR RETIREMENT ACCOUNT IN 2019 Catch-up Contributions for Highly Compensated Participants* Age 50 or Older- 2019 Limits This notice is to inform you that Plan Participants who are at least 50 years old by the end of 2019 may be eligible to make additional 401(k) Catch-up contributions of up to $6,000 for the coming year. Effective January 1, 2019 highly compensated employees are able to contribute up to 13% of pay [based on results of interim plan testing]. The total amount you may Contribute to the Plan between your regular deferral ($19,000) and Catch-up contributions for 2019 is $25,000.

PPD Retirement Savings Plan 2019 Catch-Up Contribution Special Election Form This form is applicable for Highly Compensated Participants who will attain age 50 or older in year 2019.

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Transcription of BOOST YOUR RETIREMENT ACCOUNT IN 2019

1 BOOST YOUR RETIREMENT ACCOUNT IN 2019 Catch-up Contributions for Highly Compensated Participants* Age 50 or Older- 2019 Limits This notice is to inform you that Plan Participants who are at least 50 years old by the end of 2019 may be eligible to make additional 401(k) Catch-up contributions of up to $6,000 for the coming year. Effective January 1, 2019 highly compensated employees are able to contribute up to 13% of pay [based on results of interim plan testing]. The total amount you may Contribute to the Plan between your regular deferral ($19,000) and Catch-up contributions for 2019 is $25,000.

2 No special election or enrollment is necessary to participate in Catch-up for 2019. However, to the extent that you are not able to contribute the full $6,000 as a Catch-Up contribution (due to the 13% limitation on pre-tax deferrals), you may complete a Catch-Up Contribution Special Election Form. Please fax your Special Election form to Corporate Benefits, Attn: Tina Ashley at 910-558-7002 by close of business on December 20, 2018 in order to have your catch up contributions begin on your January 8, 2019 paycheck.

3 If you have any questions or need assistance with increasing your contribution level, please call the RETIREMENT Plan Information Line at 1-800-854-0647. Dial 0 after entering your Social Security number and PIN to be connected to a Representative. Representatives are available every business day from 8 to 8 Eastern time. * The IRS defines Highly Compensated Employees" ("HCEs") as those who were hired priorto 2019 and earned at least $120,000 in PPD RETIREMENT Savings Plan 2019 Catch-Up Contribution Special Election FormThis form is applicable for Highly Compensated Participants who will attain age 50 or older in year Employee InformationEmployee NumberDate of BirthName (please print)

4 2 Catch-Up ContributionsComplete only if you are projected to attain age 50 or older during the 2019 calendar Compensated Employees are limited to a 13% maximum contribution for 2019. Further, the IRS maximum annual deferral contribution limit is $19,000 for calendar year 2019. If you are age 50 or older, and are a Highly Compensated employee, and are contributing at 13%, you may make and additional Catch-up contribution of $6,000 for calendar year 2019. Please choose one option: I wish to make additional contributions to achieve the maximum catch-up allowed of $6,000 for calendaryear 2019.

5 I wish to make additional catch-up contributions of $_____ for calendar year SignatureI acknowledge that my catch-up contribution amount will be processed as soon as administratively feasible. I have the right to change, amend or otherwise revoke this agreement, in writing, subject to plan administration provisions. I understand that Catch-Up Contributions are not eligible for company matching further acknowledge that, in the event that the deferrals I have identified as catch-up contributions above are determined not to be catch-up contributions at the time that the statutory and/ or plan limits are tested (generally at the end of the plan year), they will generally remain in the plan as 401(k) SignatureDatePlease return this completed form to:PPD Corporate Benefits Attention: Tina Ashley FAX.

6 910-558-7002 The IRS defines a "highly compensated employee" ("HCE") as those that were hired prior to 2019 and who earned at least $120,000 in 1118 PPD-CATCH UP-FORM-11-18C: RS-NR999


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