WYETH
STOCK OPTION AGREEMENT
(TRANSFERABLE OPTION)

UNDER:

DATED:

OPTION PRICE:

NON-QUALIFIED STOCK OPTION SHARES:

    1.        Under the terms and conditions of this Agreement and of the Wyeth
(the “Company”) Stock Incentive Plan set forth above (the “Plan”), a copy of
which is attached hereto and incorporated herein by reference, the Company (at
the request of the Company’s subsidiary employing Optionee, if applicable)
hereby grants to the Optionee an option (the “Option”) to purchase the number of
shares of the Company’s Common Stock as specified above (“Option Shares”) at the
option price also above specified. Capitalized terms not otherwise defined
herein have the meanings assigned to them in the Plan.

    2.        This Option may be exercised, in whole or in part from time to
time in any whole number of Option Shares, upon and after the earlier of (i)
with respect to one-third of the Option Shares (rounded down), the date that is
one year from the date of grant of this Option, with respect to an additional
one-third of the Option Shares (rounded down), the date that is two years from
the date of grant of this Option and, with respect to the remaining one-third of
the Option Shares, the date that is three years from the date of grant of this
Option, or (ii) the date of the death, Disability or Retirement (each as defined
in the Plan) of Optionee. Option exercises are subject, however, to the
provisions of Section 5 of the Plan which generally requires that at the time of
exercise (or, in the case of an event described in clause (ii), the date of
termination of Optionee’s employment with the Company and its subsidiaries)
Optionee is or was employed by the Company or one or more of its subsidiaries
and has been continuously employed by the Company or one or more of its
subsidiaries for at least two years and since the date of grant. Once this
Option becomes exercisable, it shall remain exercisable until its expiration as
described in paragraph 3 below. To the extent Option Shares have been purchased
pursuant to the exercise of this Option, such shares shall no longer be
available for purchase hereunder. The date after which this Option may be
exercised will be accelerated upon a Change in Control of the Company (as
defined in the Plan) and upon such occurrence may be cashed out at the
discretion of the Compensation and Benefits Committee on the terms described in
Section 8 of the Plan.

    3.        This Option shall expire upon the date that is ten years from the
date of grant or earlier as provided in Section 5 of the Plan which provides,
among other things, that Options shall expire upon the first to occur of the
following: (i) immediately upon the date of (A) the termination with the Company
and its subsidiaries of Optionee’s employment by the Company or any of its
subsidiaries because of Optionee’s deliberate gross misconduct (as determined by
the Compensation and Benefits Committee), (B) Optionee’s voluntary termination
with the Company and its subsidiaries of employment other than for Disability or
Retirement, or (C) Optionee’s violation of (x) the noncompetition, or
cooperation provisions of Section 5(g) of the Plan, or (y) the undertaking not
to deliberately cause substantial harm to the Company as set forth in Section
5(g) of the Plan or (ii) the date that is three months from the date of the
termination with the Company and its subsidiaries of Optionee’s employment by
the Company or any of its subsidiaries for any reason other than death,
Disability, Retirement or deliberate gross misconduct (as determined by the
Compensation and Benefits Committee).

    4.        In order to exercise this Option, Optionee must follow the
procedures required by the Treasurer or the third party processing administrator
(the “processing administrator”) designated by the Company’s Treasurer. At the
time of exercise, Optionee shall make payment of the Option Price for the Option
Shares being purchased in accordance with the processing administrator’s
procedures or, if applicable, by submitting to the Company’s Treasurer, together
with the option exercise notice, such payment in the form of (x) a personal or
bank check in U.S. Dollars payable to Wyeth and drawn on or payable at a United
States bank, and/or (y) shares of the Company’s common stock issued in
Optionee’s (or permitted Transferee’s) name which were either (I) acquired by
the Optionee from a person other than the Company or (II) held by the Optionee
for at least six months (if necessary to avoid adverse accounting treatment),
which shares shall be duly assigned to the Company, or (z) by any other form of
consideration which has been approved by the Compensation and Benefits
Committee, as and to the extent provided and permitted by Section 5(d) of the
Plan. Notwithstanding anything to the contrary herein, the processing
administrator, the Company or its subsidiaries shall have the right to deduct
from the gross cash proceeds or the number of Option Shares to be delivered upon
exercise of this Option or any similar options previously granted by the Company
to Optionee such cash or the number of Option Shares, respectively, as may be
necessary to satisfy the minimum amount of federal, state or local taxes or
other deductions legally required to be withheld before disbursing the net
proceeds (less any related administrative fees and expenses) or Option Shares to
Optionee or in the alternative such parties may require Optionee to deliver to
the processing administrator, the Company or its subsidiaries an amount of cash
or number of shares of Common Stock of the Company to satisfy such fees,
expenses and withholding before disbursing the net proceeds or Option Shares to
Optionee.

    5.        This Agreement and this Option as well as the Company’s obligation
to sell and deliver Option Shares covered by this Option is subject to all
federal, state and other laws, rules and regulations of the United States and/or
of the country wherein Optionee resides or is employed. Compliance with any
recording, protocolization or registration requirements and payment of any fees
or taxes applicable to this Agreement or the transactions it contemplates are
the exclusive responsibility of Optionee.

    6.        This Option is not transferable or assignable other than by will
or by the laws of descent and distribution and may be exercised during
Optionee’s lifetime only by him or her except that the Optionee may irrevocably
transfer all or a portion of the Option represented hereby to (i) the spouse
(current or former), children, stepchildren, grandchildren or step-grandchildren
of the Optionee (“Immediate Family Members”), (ii) a trust or trusts for the
exclusive benefit of such Immediate Family Members, or (iii) a general or
limited partnership or other entity in which such Immediate Family Members are
the only partners or beneficial owners, provided that (x) there may be no
consideration for any such transfer, (y) the Optionee submits to the Company an
Option Transfer Form duly completed and executed by the Optionee and Transferee
in the form attached as Exhibit A hereto, and (z) subsequent transfers shall be
prohibited except by will or the laws of descent and distribution. Following
transfer, any such Option shall continue to be subject to the same terms and
conditions as were applicable immediately prior to transfer, provided that for
purposes of the Plan the term “Optionee” shall be deemed to include a permitted
transferee hereunder (the “Transferee”), provided, however, that the events of
death, Disability, Retirement or other termination of employment (and any other
provision regarding employment) described in paragraphs 2 and 3 of this
Agreement and Sections 5(f) and 5(g) of the Plan shall continue to be applied
with respect to the Optionee, and following any such events, the transferred
Option shall be exercisable by the Transferee only to the extent, and for the
periods specified in the Plan. If such Option is transferred to a Transferee,
upon exercise of such Option, if any taxes are withheld from the proceeds
remitted (in cash or stock) to Transferee or if the Transferee separately
satisfies any withholding tax obligation, the amount of the withholding tax
shall be deemed to be a loan from Transferee to Optionee.

    7.        After Optionee’s death, the Option may be exercised only by
Optionee’s legal representative or legatee or such other person designated by an
appropriate court as the person entitled to make such exercise or, subject to
paragraph 6 above, by other Transferees. The Option may be exercised after
Optionee’s death by any permitted distributee or Transferee only to the extent
that Optionee was entitled to exercise it at the time of Optionee’s death.

    8.        Subject to the express provisions of the Plan, this Agreement and
the Plan are to be interpreted and administered by the Compensation and Benefits
Committee, whose determination will be final.

    9.        By signing this Option Agreement, Optionee hereby unambiguously
consents to and authorizes the disclosure of information related to the grant of
the Option, including without limitation, information regarding Optionee’s age,
date of birth and details regarding the Option or any similar options previously
granted by the Company, to Optionee, the Company, any third-party retained by
the Company to administer the exercise of the Option, the Company’s
subsidiary(ies) currently and/or previously employing Optionee and governmental
and regulatory authorities having jurisdiction over this Agreement or the
transactions it contemplates. The purpose of the information transfer is to
allow Optionee to exercise the Options in accordance with (i) the terms under
which they were granted and (ii) applicable laws; the information disclosed will
be retained for the period of time necessary to achieve this purpose.

    10.       This Agreement shall be governed by the laws of the State of
Delaware and in accordance with such federal law as may be applicable.

WYETH

/s/ Robert Essner

Chairman, President and Chief Executive Officer

Accepted and agreed to:

_______________________________________
Optionee's Signature

_______________________________________
Optionee's Social Security Number

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OPTION TRANSFER FORM

Reference is made to the Stock Option, Agreement dated _____________________
(the “Agreement”), under which Wyeth (the “Company”) granted to the undersigned
transferor (“Optionee”) non-qualified stock options covering _________________
shares of the Company’s Common Stock under the [Year] Stock Incentive Plan (the
“Plan”). Capitalized terms used herein without definition are used as defined in
the Agreement and the Plan. The Optionee hereby transfers non-qualified stock
options covering __________________ shares of the Company’s Common Stock (the
“Options”) granted under the Plan pursuant to the Agreement to the following
transferee (the “Transferee”):

———————————
Name of person or entity ———————————————
Social security or tax ID number ——————————————
Type of entity (if applicable)

———————————
Relationship to Optionee ———————————————
Address

The Optionee and, by its execution of this form, the Transferee, hereby
represent and warrant to the Company that the Transferee is a permitted
transferee in accordance with paragraph 6 of the Agreement and under Section
5(h) of the Plan. It is understood and agreed by Optionee and Transferee that
(i) the Compensation and Benefits Committee shall be entitled, in its sole
discretion, to determine whether such transfer is in accordance with such
requirements, and (ii) the Company and the Compensation and Benefits Committee
shall be under no obligation to notify the Transferee of the termination date of
any Option transferred hereunder.

The Transferee hereby agrees, subject to paragraph 6 of the Agreement, to be
bound by all of the terms, conditions and limitations set forth in the Agreement
and the Plan binding upon the Optionee under the Agreement, and specifically
understands that (i) the events of death, Disability, Retirement or other
termination of employment (and any other provisions regarding employment)
described in paragraphs 2 and 3 of the Agreement and Sections 5(f) and 5(g) of
the Plan shall continue to be applied with respect to the Optionee, and
following any such events, the transferred Options shall be exercisable by the
Transferee only to the extent, and for the periods specified in the Plan, and
(ii) the Options may not, without the consent of the Compensation and Benefits
Committee, be transferred by the Transferee except by will or pursuant to the
laws of descent and distribution. The Transferee understands and acknowledges
that any shares of Common Stock purchased by the Transferee pursuant to the
Options may not be registered under the Securities Act of 1933, as amended, and
that such shares may contain a restrictive legend in substantially the form as
set forth below (in addition to any legend required under applicable state
securities laws):

  THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH
ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

In order to enforce the foregoing, the Company may impose stop-transfer
instructions with respect to such securities until such time as the Company is
reasonably satisfied that such restrictions are no longer applicable to the sale
of such securities.

The Optionee further represents and warrants to the Company and the Transferee
that (i) Optionee has delivered to the Transferee a copy of the Agreement and
the Plan, (ii) Optionee has consulted with qualified income and estate tax
advisors in determining to transfer the Options to the Transferee or waives any
such requirement to do so and (iii) Optionee has considered and understands each
of the following:

1.  

The transfer to the Transferee is irrevocable.

2.  

Optionee will not control the exercise of the Options once they have been
transferred.

3.  

Optionee is assuming all of the risks and possible consequences associated with
the transfer of the Options, and acknowledges that the Company and its
representatives are not responsible or liable for any tax, penalty, judgment or
outcome resulting from the transfer of the Options.

OPTIONEE:

—————————————————— TRANSFEREE:

——————————————————