Document:

AGREEMENT

     This Agreement, made and entered into as of the 29th day of September, 2000
("Agreement"), by and between AMERICAN HOME PRODUCTS CORPORATION, a Delaware
corporation (the "Company"), and BERNARD POUSSOT ("Indemnitee"):

     WHEREAS, the Company has requested that the Indemnitee consent to the entry
of a Consent Decree of Condemnation and Permanent Injunction in certain
litigation consolidated in the United States District Court for the Eastern
District of Tennessee bearing the docket number 3:00-CV-359 (the "Consent
Decree"); and

     WHEREAS, the Company has determined that it is reasonable, prudent and
appropriate for the Company to contractually obligate itself to indemnify the
Indemnitee with respect to the Consent Decree on the terms and conditions set
forth herein; and

     WHEREAS, Indemnitee is willing to consent to the entry of the Consent
Decree on the condition that he be so indemnified;

     NOW, THEREFORE, in consideration of the premises and the covenants
contained herein, the Company and Indemnitee do hereby covenant and agree as
follows:

     Section 1. Services by Indemnitee. Indemnitee agrees to enter into the
Consent Decree and to use his diligent efforts to comply with the provisions
thereof insofar as they apply to Indemnitee or persons under his supervision.

     Section 2. Indemnification. The Company shall indemnify Indemnitee with
respect to any and all liabilities, costs or expenses arising out of the
proceedings resulting in the Consent Decree (and any other litigation, including
without limitation, shareholder derivative suits, related thereto) and the
activities and responsibilities of the Indemnitee to be undertaken therein, in
each case to the fullest extent permitted by applicable law in effect on the
date hereof and to such greater extent as applicable law may thereafter from
time to time permit.

     Section 3. Miscellaneous.

     (a) The rights of indemnification provided by this Agreement shall not be
deemed exclusive of any other rights to which Indemnitee may at any time be
entitled under applicable law, the Company's Restated Certificate of
Incorporation, the Company's By-Laws, any agreement, a vote of stockholders or a
resolution of directors, or otherwise. Unless otherwise agreed to by the parties
hereto, no amendment, alteration or termination of this Agreement or any
provision hereof shall be effective with respect to any action taken or omitted
by the Indemnitee prior to such amendment, alteration or termination.

     (b) To the extent that the Company maintains an insurance policy or
policies providing liability insurance for directors, officers, employees,
agents or fiduciaries of the Company or of any other corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise which such
person serves at the request of the Company, Indemnitee shall be covered by such
policy or policies in accordance with its or their terms to the maximum extent
of the coverage available for any such director, officer, employee or agent
under such policy or policies.

     (c) In the event of any payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery under
any insurance policy or policies maintained by the Company covering the
Indemnitee, who shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary to
enable the Company to bring suit to enforce such rights.

     (d) The Company shall not be liable under this Agreement to make any
payment of amounts otherwise indemnifiable hereunder if and to the extent that
Indemnitee has otherwise actually received such payment under any insurance
policy, contract, agreement or otherwise.

     (e) This Agreement shall be binding upon the Company and its successors and
assigns and shall inure to the benefit of Indemnitee and his heirs, executors
and administrators.

     Section 4. Duration of Agreement. This Agreement shall continue until and
terminate upon the later of: (a) 10 years after the date that Indemnitee shall
have ceased to serve as an employee of the Company, or (b) the final termination
of the Consent Decree and any and all proceedings in respect of which Indemnitee
is entitled to indemnification hereunder.

     Section 5. Identical Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an
original but all of which together shall constitute one and the same Agreement.
Only one such counterpart signed by the party against whom enforceability is
sought needs to be produced to evidence the existence of this Agreement.

     Section 6. Headings. The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

     Section 7. Modification and Waiver. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

     Section 8. Notice by Indemnitee. Indemnitee agrees promptly to notify the
Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any proceeding
or matter which may be subject to indemnification covered hereunder.

     Section 9. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if (i)
delivered by hand and receipted for by the party to whom said notice or other
communication shall have been directed, or (ii) mailed by certified or
registered mail with postage prepaid, on the third business day after the date
on which it is so mailed.

     (a) If to Indemnitee, to:

         Bernard Poussot
         [Home address]

     (b) If to the Company, to:

         American Home Products Corporation
         Five Giralda Farms
         Madison, New Jersey 07940
         Attn:  General Counsel

or such other address as may have been furnished to Indemnitee by the Company or
to the Company by Indemnitee, as the case may be.

     Section 10. Governing Law. The parties agree that this Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of Delaware.

     IN WITNESS WHEREOF, the parties hereto have executed this agreement as of
the day and year first above written.

                           AMERICAN HOME PRODUCTS CORPORATION

                           By:  ______________________________________

                                 ---------------------------------------
                                            Bernard PoussotSEVERANCE AGREEMENT

     This Severance Agreement (this "Agreement") is made as of ______________,
by and between WYETH, a Delaware corporation (the "Company"), and ("Executive").

                                    RECITALS

     WHEREAS the Board of Directors of the Company (the "Board") has approved a
severance agreement to provide Executive with certain benefits upon the
termination of his employment;

     NOW THEREFORE, the parties hereto agree as follows:

     1. TERM OF AGREEMENT. This Agreement shall commence on the date hereof and
shall continue in effect through December 31,[current year plus two years];
provided, however, the term of this Agreement shall automatically be extended
for one additional year beyond [current year plus two years] and successive one
year periods thereafter, unless, not later than September 30, [the current year]
(for the additional year ending on December 31, [current year plus three years])
or September 30 of each year thereafter (for each subsequent extension), the
Company shall have given notice that it does not wish to extend this Agreement
for an additional year, in which event this Agreement shall continue to be
effective until the end of its then remaining term; provided, further, that,
notwithstanding any such notice by the Company not to extend, if a Change in
Control shall have occurred during the original or any extended term of this
Agreement, this Agreement shall continue in effect for a period of thirty-six
(36) months beyond such Change in Control. Notwithstanding the foregoing, this
Agreement shall terminate if Executive ceases to be an employee of the
Corporation and its subsidiaries for any reason prior to a Change in Control
which, for these purposes, shall include cessation of such employment as a
result of the sale or other disposition of the division, subsidiary or other
business unit by which the Executive is employed.

     2. CHANGE IN CONTROL. No benefits shall be payable hereunder unless there
shall have been a Change in Control of the Company, as set forth below. For
purposes of this Agreement, a Change in Control shall be deemed to have occurred
if:

          (A) any person or persons acting in concert (excluding Company benefit
     plans) becomes the beneficial owner of securities of the Company having at
     least 20% of the voting power of the Company's then outstanding securities
     (unless the event causing the 20% threshold to be crossed is an acquisition
     of voting common securities directly from the Company); or

          (B) the consummation of any merger or other business combination of
     the Company, sale or lease of the Company's assets or combination of the
     foregoing transactions (the "Transactions") other than a Transaction
     immediately following which the shareholders of the Company who owned
     shares immediately prior to the Transaction (including any trustee or
     fiduciary of any Company employee benefit plan) own, by virtue of their
     prior ownership of the Company's shares, at least 65% of the voting power,
     directly or indirectly, of (a) the surviving corporation in any such merger
     or other business combination; (b) the purchaser or lessee of the Company's
     assets; or (c) both the surviving corporation and the purchaser or lessee
     in the event of any combination of Transactions; or

          (C) within any 24 month period, the persons who were directors
     immediately before the beginning of such period (the "Incumbent Directors")
     shall cease (for any reason other than death) to constitute at least a
     majority of the Board or the board of directors of a successor to the
     Company. For this purpose, any director who was not a director at the
     beginning of such period shall be deemed to be an Incumbent Director if
     such director was elected to the Board by, or on the recommendation of or
     with the approval of, at least two-thirds of the directors who then
     qualified as Incumbent Directors (so long as such director was not
     nominated by a person who has expressed an intent to effect a Change in
     Control or engage in a proxy or other control contest).

     3. TERMINATION FOLLOWING CHANGE IN CONTROL. If any of the events described
in Section 2 hereof constituting a Change in Control shall have occurred,
Executive shall be entitled to the benefits provided in Section 4(iv) hereof
upon the subsequent termination of Executive's employment with the Company and
its subsidiaries during the term of this Agreement unless such termination is
(A) a result of Executive's death or Retirement (except as provided in Section
3(i) below), or (B) by Executive without Good Reason, or (C) by the Company or
any of its subsidiaries for Disability or for Cause.

     (i) DISABILITY; RETIREMENT. For purposes of this Agreement, "Disability"
shall mean permanent and total disability as such term is defined under Section
22(e)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), without
regard to whether Executive is subject to the Code. Any question as to the
existence of Executive's Disability upon which Executive and the Company cannot
agree shall be determined by a qualified independent physician selected by
Executive (or, if Executive is unable to make such selection, such selection
shall be made by any adult member of Executive's immediate family or Executive's
legal representative), and approved by the Company, said approval not to be
unreasonably withheld. The determination of such physician made in writing to
the Company and to Executive shall be final and conclusive for all purposes of
this Agreement. For purposes of this Agreement, "Retirement" shall mean
Executive's voluntary termination of employment with the Company under any of
the Company's retirement plans; provided, however, that notwithstanding the
foregoing, no Retirement shall adversely affect, interfere with or otherwise
impair in any way Executive's right to receive the payments and benefits to
which he is entitled on account of a termination without Cause or with Good
Reason.

     (ii) CAUSE. For purposes of this Agreement, "Cause" shall mean (A) the
conviction of, or plea of guilty or nolo contendere to, a felony or (B) the
willful engaging by an Executive in gross misconduct which is materially and
demonstrably injurious to the Company. Notwithstanding the foregoing, Executive
shall not be deemed to have been terminated for Cause unless and until there
shall have been delivered to Executive a copy of a resolution duly adopted by
the affirmative vote of not less than three-quarters (3/4) of the Incumbent
Directors of the Board at a meeting of the Board called and held for such
purpose (after reasonable notice to Executive and an opportunity for Executive,
together with Executive's counsel, to be heard before the Board), finding that,
in the good faith opinion of the Board, Executive was guilty of conduct set
forth above in this Section 3(ii) and specifying the particulars thereof in
detail.

     (iii) GOOD REASON. Executive shall be entitled to terminate employment with
Good Reason. For the purpose of this Agreement, "Good Reason" shall mean the
occurrence, without Executive's express written consent, of any of the following
circumstances unless, in the case of paragraphs 3(iii) (A), (E), (F), or (G),
such circumstances are fully corrected prior to the date specified as the Date
of Termination (as defined in Section 3(v)) in the Notice of Termination (as
defined in Section 3(iv)) given in respect thereof:

          (A) the assignment to Executive of any duties inconsistent with
     Executive's status as an executive of the Company or its subsidiaries,
     Executive's removal from his or her position (as it existed immediately
     prior to the Change in Control), or a substantial diminution in the nature
     or status of Executive's responsibilities from those in effect immediately
     prior to the Change in Control;

          (B) a reduction by the Company or any of its subsidiaries in
     Executive's annual base salary as in effect on the date hereof or as the
     same may be increased from time to time;

          (C) a failure in any year after the Change in Control to grant stock
     options whose value at the time of grant on a Black-Scholes basis is no
     less than the greatest Black-Scholes value at the time of grant of stock
     options granted to Executive at any one time in any of the three years
     prior to the Change in Control (in calculating this value, (i) an initial
     employment grant shall be excluded unless it is the only grant made during
     such period, (ii) the one-time 1995 special stock option grant made May 25,
     1995 to certain designated executives shall not be included, and (iii) any
     shares of restricted stock granted in lieu of shares subject to an option
     shall be converted to option shares in accordance with the formula used to
     determine the number of restricted shares to be granted and shall be
     treated as having been granted as shares subject to an option) (the "Stock
     Option Value"); provided, however, that the Black-Scholes value of any
     grant on a per option share basis shall be equal to the per option share
     value of a grant, if any, made on the same date as such grant and reported
     in the Company's proxy statement filed prior to a Change in Control and all
     determinations of the Black-Scholes value of other grants shall be made by
     Towers Perrin (or, if unavailable or unwilling to serve, any other
     nationally recognized compensation consulting firm chosen by the Company
     and reasonably acceptable to the Executive), using the same methodology and
     such assumptions consistent with those used for purposes of the Company's
     latest proxy statement filed prior to the Change in Control;

          (D) the relocation of Executive's place of business to a location more
     than 100 miles from the location where Executive was based and performed
     services immediately prior to the Change in Control; provided, however,
     that any relocation of greater than 25 miles, but less than or equal to 100
     miles, will still constitute Good Reason unless Executive is provided with
     relocation benefits in the aggregate no less favorable than the 1993
     Relocation Policy with respect to the relocation of the corporate offices
     to Madison, New Jersey from New York City;

          (E) the failure by the Company to pay to Executive any portion of any
     installment of deferred compensation under any deferred compensation
     program of the Company in which Executive participated within seven (7)
     days of the date such compensation is due;

          (F) the failure by the Company or any of its subsidiaries to continue
     in effect any incentive compensation plan in which Executive participated
     prior to the Change in Control, unless an equitable alternative
     compensation arrangement (embodied in an ongoing substitute or alternative
     plan) has been provided for Executive, or the failure by the Company or any
     of its subsidiaries to continue Executive's participation in any such
     incentive plan on a basis, both in terms of the amount of benefits provided
     and the level of Executive's participation relative to other participants,
     that is no less than existed at any time during the three years prior to
     the Change in Control;

          (G) except as required by law, the failure by the Company or any of
     its subsidiaries to continue to provide Executive with benefits, in the
     aggregate, at least as favorable as those enjoyed by Executive under the
     employee benefit and welfare plans of the Company and its subsidiaries,
     including, without limitation, the pension, life insurance, medical,
     dental, health and accident, retiree medical, disability, deferred
     compensation and savings plans, in which Executive was participating at the
     time of the Change in Control, the taking of any action by the Company or
     any of its subsidiaries which would directly or indirectly materially
     reduce the fringe benefits enjoyed by Executive at the time of the Change
     in Control, or the failure by the Company or any of its subsidiaries to
     provide Executive with the number of paid vacation days to which Executive
     was entitled at the time of the Change in Control;

          (H) the failure of the Company to obtain a satisfactory agreement from
     any successor to assume and agree to perform this Agreement, as
     contemplated in Section 6 hereof; or

          (I) any purported termination of Executive's employment by the Company
     or its subsidiaries which is not effected pursuant to a Notice of
     Termination satisfying the requirements of Section 3(iv) below (and, if
     applicable, the requirements of Section 3(ii) above); for purposes of this
     Agreement, no such purported termination shall be effective.

Executive's continued employment shall not constitute consent to, or a waiver of
rights with respect to, any circumstances constituting Good Reason hereunder.

     (iv) NOTICE OF TERMINATION. Any purported termination of Executive's
employment by the Company and its subsidiaries or by Executive shall be
communicated by written Notice of Termination to the other party hereto in
accordance with Section 7 hereof. For purposes of this Agreement, a "Notice of
Termination" shall mean a notice which shall indicate the specific termination
provision in this Agreement relied upon and shall set forth in reasonable detail
(other than with respect to a Good Reason termination pursuant to Section
3(iii)(I)) the facts and circumstances claimed to provide a basis for
termination of Executive's employment under the provision so indicated.

     (v) DATE OF TERMINATION. "Date of Termination" shall mean (A) if
Executive's employment is terminated for Disability, thirty (30) days after
Notice of Termination is given (provided that Executive shall not have returned
to the full-time performance of Executive's duties during such thirty (30) day
period), and (B) if Executive's employment is terminated pursuant to Section
3(ii) or (iii) above or for any reason (other than Disability), the date
specified in the Notice of Termination (which, in the case of a termination
pursuant to Section 3(ii) above shall not be less than thirty (30) days, and in
the case of a termination pursuant to Section 3(iii) above shall not be less
than thirty (30) nor more than sixty (60) days, respectively, from the date such
Notice of Termination is given); provided, that, if within thirty (30) days
after any Notice of Termination is given the party receiving such Notice of
Termination notifies the other party that a dispute exists concerning the
grounds for termination, the Date of Termination shall be the date on which the
dispute is finally determined, either by mutual written agreement of the
parties, by a binding arbitration award or by a final judgment, order or decree
of a court of competent jurisdiction (which is not appealable or the time for
appeal therefrom having expired and no appeal having been perfected); provided
further that the Date of Termination shall be extended by a notice of dispute
only if such notice is given in good faith and the party giving such notice
pursues the resolution of such dispute with reasonable diligence.
Notwithstanding the pendency of any such dispute, the Company and its
subsidiaries will continue to pay Executive's full compensation in effect when
the notice giving rise to the dispute was given (including, but not limited to,
base salary and bonus) and continue Executive as a participant in all incentive
compensation, benefit and insurance plans in which Executive was participating
when the notice giving rise to the dispute was given, until the dispute is
finally resolved in accordance with this Section 3(v). Amounts paid under this
Section 3(v) are in addition to all other amounts due under this Agreement and
shall not be offset against or reduce any other amounts due under this
Agreement.

     4. COMPENSATION UPON TERMINATION OR DURING DISABILITY. Following a Change
in Control of the Company, as defined by Section 2, upon termination of
Executive's employment or during a period of Disability, which, in either event,
occurs during the term of this Agreement, Executive shall be entitled to the
following benefits:

     (i) During any period that Executive fails to perform Executive's full-time
duties with the Company and its subsidiaries as a result of the Disability,
Executive shall continue to receive an amount equal to Executive's base salary
and bonus at the rate in effect at the commencement of any such period through
the Date of Termination for Disability. Thereafter, Executive's benefits shall
be determined in accordance with the employee benefit programs of the Company
and its subsidiaries then in effect.

     (ii) If Executive's employment shall be terminated by the Company or any of
its subsidiaries for Cause or by Executive without Good Reason (excluding death,
Disability or Retirement) the Company (or one of its subsidiaries, if
applicable) shall pay through the Date of Termination Executive's full base
salary at the rate in effect at the time Notice of Termination is given and
shall pay any amounts otherwise payable to Executive on or immediately prior to
the Date of Termination pursuant to any other compensation plans, programs or
employment agreements then in effect, and the Company shall have no further
obligations to Executive under this Agreement.

     (iii) If Executive's employment shall be terminated by reason of
Executive's death or Retirement, Executive's benefits shall be determined in
accordance with the retirement and other benefit programs of the Company and its
subsidiaries then in effect, except as otherwise provided in Section 3(i).

     (iv) If Executive's employment by the Company and its subsidiaries shall be
terminated (other than for death or Disability) by (a) the Company and its
subsidiaries other than for Cause or (b) Executive with Good Reason, then
Executive shall be entitled to the benefits provided below:

          (A) The Company (or one of its subsidiaries, if applicable) shall pay
     Executive's full base salary, at the rate in effect at the time of the
     Change in Control and increased to reflect any subsequent increases in such
     base salary (the "Base Salary"), and a pro-rated Bonus calculated through
     the Date of Termination, no later than the thirtieth day following the Date
     of Termination, plus all other amounts to which Executive is entitled under
     any compensation plan of the Company applicable to Executive, at the time
     such payments are due. For purposes of this Agreement, the "Bonus" shall
     mean the highest amount of cash and the value (determined as of the time of
     the awards in the same manner as was used for the awards) of deferred stock
     awarded as an annual incentive under the Management Incentive Plan (or any
     other plan, policy or arrangement) to Executive in respect of any of the
     three years immediately prior to the year in which the Notice of
     Termination is given.

          (B) The Company shall pay Executive, on a date that is no later than
     the thirtieth day following the Date of Termination, as severance pay to
     Executive a severance payment equal to two (2) times the sum of (i)
     Executive's Base Salary, (ii) the Bonus, and (iii) the Stock Option Value
     (or, if greater, the highest value at the time of grant on a Black-Scholes
     basis, determined as provided for herein, of any option grant made to
     Executive after the Change in Control).

          (C) The Company shall also pay to Executive, no less frequently than
     monthly, all legal fees and expenses reasonably incurred by Executive in
     connection with this Agreement (including all such fees and expenses, if
     any, incurred in contesting or disputing the nature of any such termination
     for purposes of this Agreement or in seeking to obtain or enforce any right
     or benefit provided by this Agreement); and

          (D) (i) Upon the date of Termination, Executive (or Executive's spouse
     or applicable beneficiary in the event of Executive's death) will be
     eligible to receive a benefit, when such benefits otherwise become payable,
     from the Company's general funds to be calculated using the benefit
     calculation provisions of the WYETH Retirement Plan - U.S. (the "DB Plan")
     and, to the extent Executive participates therein, the WYETH Supplemental
     Executive Retirement Plan (the "SERP") and the WYETH Executive Retirement
     Plan (the "ERP") as if the provisions thereunder contained the assumptions
     set forth herein, and offset by any benefits actually payable under the DB
     Plan, the SERP, and the ERP not taking into account the assumptions set
     forth herein. Any elections made under the DB Plan, the SERP and the ERP
     for purposes of determining the form of payment will also apply for
     purposes of this benefit. The assumptions to be used in calculating
     Executive's benefit are: (x) Executive has continued in the employ of the
     Company for an additional two years (the "Severance Period") after the Date
     of Termination, and (y) Executive has earned annually from the Date of
     Termination to the date of Executive's assumed continued employment
     pursuant to clause (x) above the same compensation Executive earned in the
     twelve months preceding the Date of Termination or in the twelve months
     preceding the Change in Control, if greater. In addition, any pension
     payable to Executive at age 55 (or upon the Date of Termination, if
     Executive is then age 55 or over) shall not be reduced because it is
     payable prior to age 65 or 60, as the case may be.

          (ii) The length of the Severance Period will be added to Executive's
     actual age for determining whether or when Executive has attained or will
     attain age 55 for the purposes of Executive's eligibility to commence
     receiving payments of benefits pursuant to Section 4(iv)(D)(i) above.

          (E) Executive shall become eligible for all benefits, in addition to
     those described in Section 4(iv)(D) above, made available immediately prior
     to the Date of Termination (or, if greater, immediately prior to the date
     of the Change in Control) to retirees of the Corporation, including,
     without limitation, retiree medical coverage and life insurance benefits,
     if at the time of termination Executive has already attained age 45, as if
     Executive had at the Date of Termination satisfied the service and age
     conditions for coverage under the applicable provisions of the Company's
     employee benefit plans. If the Company is unable to provide Executive
     coverage under such plans, it shall provide Executive with separate
     comparable coverage, but in no event less than the retiree coverage in
     place immediately prior to the Change in Control; provided, however, that
     the retiree medical coverage provided by the Corporation shall be secondary
     to any other medical coverage the Executive may then have.

          (F) The Company will continue Executive's participation and coverage
     for the Severance Period from the Date of Termination under all the
     Company's life, medical, dental plans and other welfare benefit plans (but
     excluding the Company's disability plans) ("Insurance Benefits"), and all
     perquisites and fringe benefit plans and programs (other than the Company's
     pension and 401(k) plans) (the perquisites and fringe benefits together
     being the "Fringe Benefits") in which Executive is participating
     immediately prior to such employment termination, under the same coverages
     and on the same terms as in effect immediately prior to termination;
     provided, however, that if his continued participation is not possible
     under the general terms and provisions of such plans and programs, the
     Company shall arrange to provide him with substantially similar benefits;
     provided, further, that if any other Company plan, arrangement or agreement
     provides for continuation of Insurance Benefits and Fringe Benefits then
     the Executive shall receive such coverage under such other plan,
     arrangement or agreement, and if the period of such coverage is shorter
     than the Severance Period, then the Executive shall receive pursuant to
     this section, such coverage for the remainder of the Severance Period.

          (G) Upon the Date of Termination, to the extent that, under the terms
     of any plan, any "restricted" stock awards or options shall terminate or be
     forfeited upon or following Executive's termination of employment without,
     in the case of options, the opportunity to exercise after Notice of
     Termination and to sell the underlying shares immediately after exercise
     without legal impediment, then the Executive (or any permitted transferee)
     shall receive, within 10 days after the forfeiture or termination of such
     award or option, an amount in respect of such terminated or forfeited stock
     awards or options, equal to the sum of (i) the Cashout Value (as defined
     below) of all the shares covered by the restricted stock awards so
     forfeited (with units converted to shares based on the target awards), and
     (ii) the excess of (a) the Cashout Value of all the shares subject to
     options which were so forfeited over (b) the aggregate exercise price of
     the shares subject to such forfeited options. For purposes of this Section
     4(iv)(G), the "Cashout Value" of a share shall mean the greater of (x) the
     average of the closing prices paid for the Company's common stock (or any
     other securities to which the restricted shares or options relate) on any
     national exchange on which such shares are traded on each of the five
     trading days prior to and including the date of Executive's termination of
     employment (or, if no such shares are traded any of such days, the most
     recent date preceding Executive's termination of employment on which such
     shares were traded) and (y) the closing price paid for the Company's common
     stock (or any other securities to which the restricted shares or options
     relate) on any such exchange on the date of Executive's termination of
     employment (or, if no such shares are traded on such day, the most recent
     date preceding Executive's termination of employment on which such shares
     were traded).

          (H) The Company shall also provide to Executive outplacement services
     or executive recruiting services provided by a professional outplacement
     provider or executive recruiter at a cost to the Company of not more than
     10% of the Executive's base salary (not to exceed $25,000).

     5. EXCISE TAXES.

          (i) In the event that any payment or benefit received or to be
     received by Executive pursuant to the terms of this Agreement (the
     "Contract Payments") or in connection with Executive's termination of
     employment or contingent upon a Change in Control of the Company pursuant
     to any plan or arrangement or other agreement with the Company (or any
     affiliate) ("Other Payments" and, together with the Contract Payments, the
     "Payments") would be subject to the excise tax (the "Excise Tax") imposed
     by Section 4999 of the Code, as determined as provided below, the Company
     shall pay to Executive, at the time specified in Section 5(ii) below, an
     additional amount (the "Gross-Up Payment") such that the net amount
     retained by Executive, after deduction of the Excise Tax on Contract
     Payments and Other Payments and any federal, state and local income or
     other tax and Excise Tax upon the payment provided for by this Section
     5(i), and any interest, penalties or additions to tax payable by Executive
     with respect thereto, shall be equal to the total present value of the
     Contract Payments and Other Payments at the time such Payments are to be
     made. For purposes of determining whether any of the Payments will be
     subject to the Excise Tax and the amounts of such Excise Tax, (1) the total
     amount of the Payments shall be treated as "parachute payments" within the
     meaning of Section 280G(b)(2) of the Code, and all "excess parachute
     payments" within the meaning of Section 280G(b)(1) of the Code shall be
     treated as subject to the Excise Tax, except to the extent that, in the
     opinion of independent tax counsel selected by the Company's independent
     auditors and reasonably acceptable to Executive ("Tax Counsel"), a Payment
     (in whole or in part) does not constitute a "parachute payment" within the
     meaning of Section 280G(b)(2) of the Code, or such "excess parachute
     payments" (in whole or in part) are not subject to the Excise Tax, (2) the
     amount of the Payments that shall be treated as subject to the Excise Tax
     shall be equal to the lesser of (A) the total amount of the Payments or (B)
     the amount of "excess parachute payments" within the meaning of Section
     280G(b)(1) of the Code (after applying clause (1) hereof), and (3) the
     value of any noncash benefits or any deferred payment or benefit shall be
     determined by Tax Counsel in accordance with the principles of Sections
     280G(d)(3) and (4) of the Code. For purposes of determining the amount of
     the Gross-Up Payment, Executive shall be deemed to pay federal income tax
     at the highest marginal rates of federal income taxation applicable to
     individuals in the calendar year in which the Gross-Up Payment is to be
     made and state and local income taxes at the highest effective rates of
     taxation applicable to individuals as are in effect in the state and
     locality of Executive's residence in the calendar year in which the
     Gross-Up Payment is to be made, net of the maximum reduction in federal
     income taxes that can be obtained from deduction of such state and local
     taxes, taking into account any limitations applicable to individuals
     subject to federal income tax at the highest marginal rates.

          (ii) The Gross-Up Payments provided for in Section 5(i) hereof shall
     be made upon the earlier of (i) the payment to Executive of any Contract
     Payment or Other Payment or (ii) the imposition upon Executive or payment
     by Executive of any Excise Tax.

          (iii) The Executive shall notify the Company in writing of any claim
     by the Internal Revenue Service that, if successful, would require the
     payment by the Company of a Gross-Up Payment. Such notification shall be
     given as soon as practicable but no later than 10 business days after the
     Executive is informed in writing of such claim and shall apprise the
     Company of the nature of such claim and the date on which such claim is
     requested to be paid. The Executive shall not pay such claim prior to the
     expiration of the 30 day period following the date on which the Executive
     gives such notice to the Company (or such shorter period ending on the date
     that any payment of taxes with respect to such claim is due). If the
     Company notifies the Executive in writing prior to the expiration of such
     period that it desires to contest such claim, the Executive shall:

               1) give the Company any information reasonably requested by the
          Company relating to such claim;

               2) take such action in connection with contesting such claim as
          the Company shall reasonably request in writing from time to time,
          including, without limitation, accepting legal representation with
          respect to such claim by an attorney reasonably selected by the
          Company and reasonably satisfactory to the Executive;

               3) cooperate with the Company in good faith in order to
          effectively contest such claim; and

               4) permit the Company to participate in any proceedings relating
          to such claim;

     provided, however, that the Company shall bear and pay directly all costs
     and expenses (including, but not limited to, additional interest and
     penalties and related legal, consulting or other similar fees) incurred in
     connection with such contest and shall indemnify and hold the Executive
     harmless, on an after-tax basis, for any Excise Tax or other tax (including
     interest and penalties with respect thereto) imposed as a result of such
     representation and payment of costs and expenses.

     (iv) The Company shall control all proceedings taken in connection with
such contest and, at its sole option, may pursue or forego any and all
administrative appeals, proceedings, hearings and conferences with the taxing
authority in respect of such claim and may, at its sole option, either direct
the Executive to pay the tax claimed and sue for a refund or contest the claim
in any permissible manner, and the Executive agrees to prosecute such contest to
a determination before any administrative tribunal, in a court of initial
jurisdiction and in one or more appellate courts, as the Company shall
determine; provided, however, that if the Company directs the Executive to pay
such claim and sue for a refund, the Company shall advance the amount of such
payment to the Executive on an interest-free basis, and shall indemnify and hold
the Executive harmless, on an after- tax basis, from any Excise Tax or other tax
(including interest or penalties with respect thereto) imposed with respect to
such advance or with respect to any imputed income with respect to such advance;
and provided, further, that if the Executive is required to extend the statute
of limitations to enable the Company to contest such claim, the Executive may
limit this extension solely to such contested amount. The Company's control of
the contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue
Service or any other taxing authority. In addition, no position may be taken nor
any final resolution be agreed to by the Company without the Executive's consent
if such position or resolution could reasonably be expected to adversely affect
the Executive (including any other tax position of the Executive unrelated to
the matters covered hereby).

     (v) As a result of the uncertainty in the application of Section 4999 of
the Code at the time of the initial determination by the Company or the Tax
Counsel hereunder, it is possible that Gross-Up Payments which will not have
been made by the Company should have been made ("Underpayment"), consistent with
the calculations required to be made hereunder. In the event that the Company
exhausts its remedies and the Executive thereafter is required to pay to the
Internal Revenue Service an additional amount in respect of any Excise Tax, the
Company or the Tax Counsel shall determine the amount of the Underpayment that
has occurred and any such Underpayment shall promptly be paid by the Company to
or for the benefit of the Executive.

     (vi) If, after the receipt by Executive of the Gross-Up Payment or an
amount advanced by the Company in connection with the contest of an Excise Tax
claim, the Executive becomes entitled to receive any refund with respect to such
claim, the Executive shall promptly pay to the Company the amount of such refund
(together with any interest paid or credited thereon after taxes applicable
thereto). If, after the receipt by the Executive of an amount advanced by the
Company in connection with an Excise Tax claim, a determination is made that
Executive shall not be entitled to any refund with respect to such claim and the
Company does not notify the Executive in writing of its intent to contest the
denial of such refund prior to the expiration of 30 days after such
determination, such advance shall be forgiven and shall not be required to be
repaid.

     6. SUCCESSORS; BINDING AGREEMENT.

     (i) The Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company is
required to perform it. Failure of the Company to obtain such assumption and
agreement prior to the effectiveness of any such succession shall be a breach of
this Agreement and shall entitle Executive to compensation from the Company in
the same amount and on the same terms as Executive would be entitled hereunder
if Executive had terminated Executive's employment with Good Reason following a
Change in Control, except that for purposes of implementing the foregoing, the
date on which any such succession becomes effective shall be deemed the Date of
Termination. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

     (ii) This Agreement shall inure to the benefit of and be enforceable by
Executive's personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If Executive should die
while any amount would still be payable to Executive hereunder if Executive had
continued to live, all such amounts, unless otherwise provided herein, shall be
paid in accordance with the terms of this Agreement to Executive's devisee,
legatee or other designee or, if there is no such designee, to Executive's
estate.

     7. NOTICE. For the purpose of this Agreement, notices and all other
communications provided for in this Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid (or its international
equivalent), addressed to Five Giralda Farms, Madison, New Jersey 07940 with
respect to the Company and on the signature page with respect to Executive,
provided that all notices to the Company shall be directed to the attention of
the Senior Vice President-General Counsel of the Company, or to such other
address as either party may have furnished to the other in writing in accordance
herewith, except that notice of change of address shall be effective only upon
receipt.

     8. MISCELLANEOUS. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in writing
and signed by Executive and such officer as may be specifically designated by
the Board. No waiver by either party hereto at any time of any breach by the
other party hereto of, or compliance with, any conditions or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. The validity, interpretation, construction and performance of
this Agreement shall be governed by the internal laws of the State of New York,
without regard to its conflict of law provisions. All references to sections of
the Code shall be deemed also to refer to any successor provisions to such
sections. Any payments provided for hereunder shall be paid net of any
applicable withholding required under federal, state, local or other applicable
law. The obligations of the Company under Sections 4 and 5 shall survive the
expiration of the term of this Agreement.

     9. VALIDITY. The invalidity or unenforceability of any provision of this
Agreement shall not effect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

     10. COUNTERPARTS. This Agreement may be executed in several counterparts,
each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

     11. ARBITRATION; INDEMNIFICATION. Any dispute or controversy arising under
or in connection with this Agreement shall be settled exclusively by arbitration
in accordance with the rules of the American Arbitration Association then in
effect. Judgment may be entered on the arbitrator's award in any court having
jurisdiction; provided, however, that Executive shall be entitled to seek
specific performance of Executive's right to be paid until the Date of
Termination during the pendency of any dispute or controversy arising under or
in connection with this Agreement. Following any termination of employment of
the Executive (other than a termination by the Company for Cause), the Company
shall indemnify and hold harmless Executive to the fullest extent permitted
under the Company's by-laws (as in effect prior to the Change in Control) and
applicable law for any claims, costs and expenses arising out of or in
connection with Executive's employment with the Company and shall maintain
directors' and officers' liability insurance coverage for the benefit of the
Executive which provides him with coverage, if any, no less favorable than that
in effect prior to the Change in Control.

     12. NONDISCLOSURE OF CONFIDENTIAL INFORMATION. Executive shall not, without
the prior written consent of the Company, use, divulge, disclose or make
accessible to any other person, firm, partnership, corporation or other entity
any Confidential Information pertaining to the business of the Company or any of
its affiliates, except (i) while employed by the Company, in the business of and
for the benefit of the Company, or (ii) when required to do so by a court of
competent jurisdiction, by any governmental agency having supervisory authority
over the business of the Company, or by any administrative body or legislative
body (including a committee thereof) with jurisdiction to order Executive to
divulge, disclose or make accessible such information. For purposes of this
Section 12, "Confidential Information" shall mean any trade secret or other
non-public information concerning the financial data, strategic business plans,
product development (or other proprietary product data), customer lists,
marketing plans and other non-public, proprietary and confidential information
of the Company or its affiliates, that, in any case, is not otherwise available
to the public (other than by Executive's breach of the terms hereof) or known to
persons in the industry generally.

     13. ENTIRE AGREEMENT. No agreements or representations, oral or otherwise,
express or implied, with respect to the subject matter hereof have been made by
either party which are not expressly set forth in this Agreement. This Agreement
constitutes the entire understanding between the parties with respect to
Executive's severance pay in the event of a termination of Executive's
employment with the Company, superseding all negotiations, prior discussions and
preliminary agreements, written or oral, concerning said severance pay;
provided, however, that any payments or benefits provided in respect of
severance, or indemnification for loss of employment, pursuant to any severance,
employment or similar agreement between the Company or any of its subsidiaries
and the Executive, or as required by applicable law outside the United States,
shall reduce any payments or benefits provided pursuant to this Agreement,
except that the payments or benefits provided pursuant to this Agreement shall
not be reduced below zero. Notwithstanding any provision of this Agreement: (i)
Executive shall not be required to mitigate the amount of any payment provided
by this Agreement by seeking other employment or otherwise, nor shall the amount
of any payment or benefit provided by this Agreement be reduced by any
compensation earned by Executive as the result of employment by another employer
or by retirement benefits received after the Date of Termination or otherwise,
and (ii) except as otherwise provided in this paragraph, the obligations of the
Company to make payments to Executive and to make the arrangements provided for
herein are absolute and unconditional and may not be reduced by any
circumstances, including without limitation any set-off, counterclaim,
recoupment, defense or other right which the Company may have against Executive
or any third party at any time.

     14. FURTHER ACTION. The Company shall take any further action necessary or
desirable to implement the provisions of this Agreement or perform its
obligations hereunder (including, without limitation, amending the SERP, the
ERP, any stock option or stock bonus plan, or any other applicable plan, program
or arrangement or obtaining any necessary consents or approvals in connection
therewith).

                           WYETH

                           By:
                           --------------------------------
                           Name:  Rene Lewin
                           Title: Senior Vice President, Human Resources

                           By:
                           --------------------------------
                           Executive

                           Date:
                           --------------------------------

                           Home Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]