Upgrading PHP 5.3 on Plesk 10.3
http://kb.parallels.com/en/111711
After following this guide you will need to manually remove the following packages:
rpm -e –nodeps psa-php53-configurator php53-sqlite2
http://kb.parallels.com/en/111630
Then run the following with YUM
yum install php-mcrypt
Make sure that YUM is installed on your CT/ Server