Document:

First Amendment to Credit Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 FIRST AMENDMENT TO CREDIT AGREEMENT (this “First
Amendment”), dated as of June 3, 2008, among WYETH, a Delaware corporation (the “Company”), various lenders from time to time party to the Credit Agreement referred to below (the “Lenders”), and
JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided
such terms in the Credit Agreement referred to below. 
 W I T N E S S E T
H: 
 WHEREAS, the Company, the Lenders, J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as Co-Lead Arrangers and Joint
Book Managers, Citicorp USA, Inc., as Syndication Agent, Bank of America, N.A., The Bank of Nova Scotia and UBS Securities LLC, as Co-Documentation Agents, and the Administrative Agent are parties to a Credit Agreement, dated as of August 2,
2007 (the “Credit Agreement”); and 
 WHEREAS, subject to the terms and conditions of this First Amendment, the parties
hereto wish to amend the Credit Agreement as herein provided; 
 NOW, THEREFORE, it is agreed: 
 I. Amendments to Credit Agreement. 
 1. Subsection 1.1
of the Credit Agreement is hereby amended by (i) deleting the definition of “Extension Date” appearing in said subsection in its entirety and (ii) inserting the following new definitions in appropriate alphabetical order
in said subsection: 
 “Concurrent Extension Requests”: as defined in the definition of “Extension
Date”. 
 “Extension Date”: (i) with respect to the first extension request that the Company may
make pursuant to subsection 2.20, a single date (which shall be notified in writing by the Company to the Administrative Agent on a Business Day occurring at least 60 days but no more than 90 days prior to such specified date) occurring during the
period commencing on the one-year anniversary of the Effective Date and ending on (and including) the two-year anniversary of the Effective Date and (ii) with respect to the second extension request that the Company may make pursuant to
subsection 2.20 (which, for avoidance of doubt, may be the first such request actually made if the Company does not elect to make the request described in preceding clause (i)), a single date (which shall be notified in writing by the Company to the
Administrative Agent on a Business Day occurring at least 60 days but no more than 90 days prior to such specified date) occurring during the period commencing on (and including) the two-year anniversary of the Effective Date and ending on (and
including) the three-year anniversary of the Effective Date; provided that, unless both the first and second extension requests are delivered by the Company on the same date and each specify the 

 
“Extension Date” as the two-year anniversary of the Effective Date (any such requests, the “Concurrent Extension Requests”), the
“Extension Date” notified by the Company pursuant to preceding clause (ii) shall be at least 60 days after the “Extension Date”, if any, notified by the Company pursuant to preceding clause (i). 
 2. Subsection 2.20 of the Credit Agreement is hereby amended by inserting the following text immediately prior to the period (“.”) appearing at
the end of each of the first and third sentences of said subsection: 
 “(or, if Concurrent Extension Requests are delivered, the date
occurring twenty-four (24) months after such then existing Final Termination Date)”. 
 3. Notwithstanding anything to the contrary
contained in subsection 2.20 of the Credit Agreement, the Company and the Lenders hereby agree that, upon the occurrence of the First Amendment Effective Date (as defined below), the written extension request, dated June 3, 2008, furnished by
the Company to the Administrative Agent and the Lenders pursuant to subsection 2.20 of the Credit Agreement shall be deemed rescinded, shall cease to have any force or effect for purposes of subsection 2.20 of the Credit Agreement (on the same basis
as if such request had never been furnished), and shall not be construed to be one of the notices permitted under subsection 2.20 of the Credit Agreement (as amended by Section 1 of Part I of this First Amendment). 
 II. Miscellaneous Provisions. 
 1. In order to induce
the Lenders to enter into this First Amendment, the Company hereby represents and warrants that (i) no Default or Event of Default exists as of the First Amendment Effective Date, both before and after giving effect to this First Amendment and
(ii) all of the representations and warranties contained in the Credit Agreement are true and correct in all material respects on the First Amendment Effective Date, both before and after giving effect to this First Amendment, with the same
effect as though such representations and warranties had been made on and as of the First Amendment Effective Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material respects
as of such specific date). 
 2. This First Amendment is limited as specified and shall not constitute a modification, acceptance or waiver
of any other provision of the Credit Agreement. 
 3. This First Amendment may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the
Company and the Administrative Agent. 
 4. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

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 5. This First Amendment shall become effective on the date (the “First Amendment Effective
Date”) when the Company and the Lenders constituting the Majority Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission) the same to
White & Case LLP, 1155 Avenue of the Americas, New York, NY 10036 Attention: May Yip (facsimile number 212-354-8113). The Administrative Agent will provide notice of the First Amendment Effective Date to the Lenders promptly upon the
occurrence thereof. 
 6. From and after the First Amendment Effective Date, all references in the Credit Agreement shall be deemed to be
references to the Credit Agreement as modified hereby. 
 *    *    * 
  

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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this First Amendment as of the date first above written. 
  

					
	WYETH
		
	By:	 	/s/ Robert E. Landry
		 	Title:	 	Treasurer

  

					
	JPMORGAN CHASE BANK, N.A.,
		 	Individually and as Administrative Agent
		
	By:	 	/s/ Dawn Lee Lum
		 	Title:	 	Executive Director

  

					
	CITIBANK NORTH AMERICA, INC.,
		
	By:	 	/s/ William E. Clark
		 	Title:	 	Vice President

  

					
	BANK OF AMERICA, N.A.,
		 	Individually and as Co-Documentation Agent
		
	By:	 	/s/ Jill J. Hogan
		 	Title:	 	Vice President

  

					
	THE BANK OF NOVA SCOTIA,
		 	Individually and as Co-Documentation Agent
		
	By:	 	/s/ P. M. Brown
		 	Title:	 	Managing Director

  

					
	UBS LOAN FINANCE LLC
		 	as Co-Documentation Agent
		
	By:	 	/s/ Iria R. Otsa
		 	Title:	 	Associate Director

  

					
		
	By:	 	/s/ Mary E. Evans
		 	Title:	 	Associate Director

  

					
	SIGNATURE PAGE TO THE FIRST AMENDMENT, DATED AS OF THE DATE FIRST WRITTEN ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF AUGUST 2, 2007, AMONG WYETH, THE LENDERS FROM TIME TO THERETO,
J.P. MORGAN SECURITIES INC. AND CITIGROUP GLOBAL MARKETS INC., AS CO-LEAD ARRANGERS AND JOINT BOOK MANAGERS, CITICORP USA, INC., AS SYNDICATION AGENT, BANK OF AMERICA, N.A., THE BANK OF NOVA SCOTIA AND UBS SECURITIES LLC, AS CO-DOCUMENTATION AGENTS,
AND JPMORGAN CHASE BANK, N.A. AS ADMINISTRATIVE AGENT.
	
	ABN AMRO BANK N.V.
		
	By:	 	/s/ Michael Costello
		 	Title:	 	Director
		
	By:	 	/s/ Tim Khisameyev
		 	Title:	 	Associate

  

					
	BANCO POPULAR DE PUERTO RICO,
		 	New York Branch
		
	By:	 	/s/ Hector J. Gonzalez
		 	Title:	 	Vice President

  

					
	BANK OF NEW YORK
		
	By:	 	/s/ Richard Fronapfel, Jr.
		 	Title:	 	Vice President

  

					
	BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY
		
	By:	 	/s/ George Stoecklein
		 	Title:	 	Vice President

					
	BARCLAYS BANK PLC
		
	By:	 	/s/ Nicholas A. Bell
		 	Title:	 	Director

  

					
	BNP PARIBAS
		
	By:	 	/s/ Angela Bentley Arnold
		 	Title:	 	Director
		
	By:	 	/s/ Benjamin Sileo
		 	Title:	 	Vice President

  

					
	COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES
		
	By:	 	/s/ Robert S. Taylor
		 	Title:	 	Senior Vice President
		
	By:	 	/s/ Barbara Peters
		 	Title:	 	Assistant Vice President
	
	WILLIAM STREET COMMITMENT CORPORATION
	
	(Recourse only to the assets of William Street Commitment Corporation)

  

					
		
	By:	 	/s/ Mark Walton
		 	Title:	 	Assistant Vice President

  

					
	INTESA SANPAOLO S.P.A.
		
	By:	 	/s/ Luca Sacchi
		 	Title:	 	Vice President
		
	By:	 	/s/ Francesco DiMario
		 	Title:	 	First Vice President, Credit Manager

					
	LEHMAN BROTHERS COMMERCIAL BANK
		
	By:	 	/s/ Darren S. Lane
		 	Title:	 	Operations Officer

  
  

					
	MORGAN STANLEY BANK
		
	By:	 	/s/ Daniel Twenge
		 	Title:	 	Authorized Signatory

  

					
	THE NORTHERN TRUST COMPANY
		
	By:	 	/s/ Thomas Hausnauer
		 	Title:	 	Vice President

  

					
	UBS LOAN FINANCE LLC
		
	By:	 	/s/ Irja R. Otsa
		 	Title:	 	Associate Director
		
	By:	 	/s/ Mary E. Evans
		 	Title:	 	Associate Director

  

					
	U.S. BANK, N.A.
		
	By:	 	/s/ Christopher T. Kordes
		 	Title:	 	Vice President

  

					
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Andrew S. Chen
		 	Title:	 	Vice PresidentForm of 2008 Performance Share Award Agreement

 Exhibit 10.4 
 WYETH 
 PERFORMANCE SHARE AWARD AGREEMENT 
 UNDER THE WYETH 2005 AMENDED 
 AND
RESTATED STOCK INCENTIVE PLAN 
  

					
		  	 DATE OF GRANT
                    
 NUMBER OF SHARES SUBJECT

 TO TARGET AWARD: [####]
	  	

  
  
 Name 
 Address 1 
 Address 2 
 The Company hereby awards you a performance share award consisting of stock units (the “Units”) representing Restricted Stock in the
amount set forth above (the “Target Award”). The Units are subject to the terms and restrictions set forth in the Plan and this Agreement. Each Unit corresponds to one share of Restricted Stock. Upon the full or partial satisfaction
by the Company of certain performance criteria described in Paragraph 3, the Units shall be converted into shares of Restricted Stock on the terms and conditions set forth herein. Capitalized words not otherwise defined in the text of this
Agreement or in Paragraph 8 shall have the same meanings as in the Plan. 
 By signing this Agreement (or otherwise acknowledging, as
instructed, your agreement thereto), you acknowledge and agree that: 
  

	 	•	 	 You have received a copy of the Plan. 

  

	 	•	 	 You have read and understand the terms of the Plan and this Agreement. 

  

	 	•	 	 You understand and agree that the Committee has the right to reduce, without your consent, through the exercise of Negative Discretion, the amount of the award
earned by you hereunder, and it is anticipated that the Committee will exercise such Negative Discretion with respect to the amount of such final award. 

  

	 	•	 	 The Committee has the right, without your consent, to amend or modify the terms of this Agreement, to the extent necessary to avoid adverse or unintended tax
consequences to you under Section 409A. Such amendments or modifications may limit or eliminate certain rights otherwise available to you under the Plan and/or this Agreement. 

 1. No Stockholder Rights Until Issuance of Shares. No shares of Common Stock underlying the Units will be earmarked for you or your account, and
you will not have any of the rights of a stockholder with respect to such shares until such time as the Restricted Stock is first issued to you in accordance with the terms of this Agreement. 

 2. No Transfer of Units. You may not sell, transfer, assign, pledge or otherwise encumber or
dispose of the Units granted hereunder. 
 3. Conversion to Common Stock. 
 (a) General Rule. The Committee shall establish the EPS Target for the Performance Year and
the corresponding Performance Grid within the 90-day period beginning on January 1st of the Performance Year. Subject to the Committee’s
exercise of Negative Discretion, the award to you pursuant to this Agreement shall be based upon the Company’s EPS for the Performance Year and the payment amounts specified in the Performance Grid (up to a maximum of 200% of the Target Award);
provided, however, that, subject to the exercise of Negative Discretion, you shall earn 25% of the Target Award if the Company has positive Consolidated Earnings for the Performance Year. At a meeting of the Committee to be held within
the 90-day period following the end of the Performance Year, the Committee shall (i) certify for purposes of this Agreement the Company’s EPS, if any, for the Performance Year and determine whether the Company has achieved positive
Consolidated Earnings for the Performance Year and (ii) exercise any Negative Discretion with respect to the amount earned by you hereunder. As of the Conversion Date, the percentage of Units earned by you hereunder after the exercise of
Negative Discretion shall be cancelled, in exchange for such cancelled Units, subject to Paragraphs 4 and 5, 6 or 7, the number of shares of Restricted Stock equal to the number of Units so cancelled shall be issued in your name. All rights with
respect to any remaining (unearned) portion of the Target Award shall be forfeited and surrendered to the Company. Notwithstanding anything in this Agreement to the contrary, upon your forfeiture, for any reason, of all rights to all, or a portion
of, the Units granted hereunder, such Units shall, for all purposes of the Plan and this Agreement, be deemed terminated and without further force or effect as of the date of such forfeiture. 
 (b) Rounding. The number of Units settled in accordance with the calculations described in Paragraph 3(a) shall be rounded to the nearest whole
number. 
 4. Delivery of Restricted Stock; Withholding. 
 (a) Beneficial Ownership; Issuance of Shares. You shall be the beneficial owner of the shares of Restricted Stock (after application of Negative Discretion) issued to you on the Conversion Date in settlement of
the Units, but the Company shall establish one or more arrangements to hold such Restricted Stock on your behalf until the end of the Additional Vesting Period. During the Additional Vesting Period, (i) you may not sell, transfer, assign,
pledge or otherwise encumber or dispose of the Restricted Stock and (ii) the Restricted Stock will be subject to immediate forfeiture by you upon the occurrence of a forfeiture event described in Paragraph 7. Any Restricted Stock that remains
outstanding at the end of the Additional Vesting Period shall be recorded either through book-entry form as a credit to an account maintained in your name or through the issuance of a stock certificate representing shares of Common Stock free of any
restrictive legend, other than as may be required by applicable securities laws. 
 (b) Stockholder Rights. During the Additional
Vesting Period, you shall have the right to vote the shares of Restricted Stock. In addition, during the Additional Vesting Period, any declared and paid dividends on the Restricted Stock shall be treated as notional dividend 

  

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equivalents for federal tax purposes. Such notional dividend equivalents shall be paid to you quarterly in cash at the time that dividends are paid to
holders of Common Stock (unless the shares of Restricted Stock are forfeited in accordance with the provisions of Paragraph 7). 
 (c)
Amounts to Be Withheld. 
 (i) FICA Tax Withholding. As of the Vesting Date, you agree that the Company shall
withhold on your behalf a sufficient number of shares of Restricted Stock to satisfy the (A) withholding obligation imposed on the Company with respect to Medicare and Social Security taxes due on the total number of shares of Restricted Stock
earned under this Agreement and (B) the Company’s minimum federal, state, local and foreign income tax withholding obligations in respect of the income attributable to the shares issued to satisfy Medicare and Social Security taxes.

 (ii) Income Tax and Administrative Fee Withholding. On the Vesting Date, you also agree that the Company shall
withhold on your behalf a sufficient number of shares of Restricted Stock sufficient to satisfy (A) the minimum federal, state, local and foreign income tax withholding obligations that are imposed on the Company by applicable law in respect of
the shares of Restricted Stock as of the date of issuance or the Vesting Date, as the case may be, (B) with respect to a U.S. Expatriate, the minimum federal, state and local tax withholding obligations pursuant to Paragraph 4(c)(i) and clause
(A) of this Paragraph 4(c)(ii) that would have been imposed on the Company as of the Vesting Date if the Participant were not a U.S. Expatriate, and (C) the Administrative Fee determined in accordance with ANNEX A. 

(iii) Fractional Amount. Notwithstanding anything in this Agreement to the contrary, to the extent the number of shares are to
be retained or obtained by the Company pursuant to Paragraph 4(c)(i) and Paragraph 4(c)(ii), as the case may be, does not equal a whole number of shares, the Company shall increase the number of shares for purposes of Paragraph 4(c)(i) and Paragraph
4(c)(ii), as the case may be, to the next whole number of shares. The Fractional Amount shall be remitted by the Company to the taxing authorities on your behalf to be applied to federal, state, local and foreign withholding obligations imposed on
the Company with respect to compensation paid to you during the calendar year in which the Vesting Date occurs. 
 (iv)
Valuation. The value of the shares referred to in this Paragraph 4(c) shall be determined, for purposes of satisfying the obligations set forth in this Paragraph 4(c) and determining your income related to such award, on the basis of the
closing market per-share price for the Common Stock as reported on the Consolidated Transaction Reporting System on the trading day immediately preceding the designated date of issuance, or on such other reasonable basis for determining fair market
value as the Committee may from time to time adopt. 
 5. Separation from Service Other than by Reason of Retirement, Disability or Death;
Forfeiture; Default Payment. If you incur a Separation from Service prior to the Conversion Date for any reason other than Retirement, Disability or death, you shall forfeit all rights to all Units granted hereunder and such Units shall, for all
purposes of the Plan and this Agreement, be deemed terminated and without further force or effect as of the date of such Separation from Service. 
  

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 6. Separation from Service Prior to the Conversion Date by Reason of Retirement, Disability or
Death. 
 (a) Retirement. If you incur a Separation from Service prior to the Conversion Date (i) by reason of Retirement and
(ii) as of the date of such Separation from Service, you have been in the continuous employment of the Company or one or more of its Affiliates for the two-year period ending on the date of such Separation from Service, the Units granted
hereunder shall remain outstanding and, subject to Paragraph 6(d), shall be settled in accordance with Paragraphs 3 and 4. The shares of Restricted Stock, if earned, shall be issued as of the Conversion Date and the restrictions thereon shall lapse
on the Vesting Date. 
 (b) Disability, Death. If you incur a Separation from Service prior to the Conversion Date (i) by reason
of your Disability or death and (ii) as of the date of such Separation from Service, you have been in the continuous employment of the Company or one or more of its Affiliates for the two-year period ending on the date of such Separation from
Service, the Units granted hereunder shall remain outstanding and, subject to Paragraph 6(d), shall be settled in accordance with Paragraph 3, and the shares of Restricted Stock, if earned, shall be issued, in your name as of the Conversion Date and
shall be fully vested and nonforfeitable as of that date. 
 (b) Continuous Employment Requirement. Notwithstanding anything in this
Paragraph 6 to the contrary, if you incur a Separation from Service prior to the Conversion Date (i) by reason of Retirement, Disability or death and (ii) as of the date of your Separation from Service, you have not been in the continuous
employment of the Company or one or more of its Affiliates for the two-year period ending on such Separation from Service, you shall forfeit all rights to all Units granted hereunder, and such Units shall, for all purposes of the Plan and this
Agreement be deemed terminated and without further force or effect as of the date of such Separation from Service. 
 (c) Forfeiture Due
to Conduct. Notwithstanding anything in this Agreement to the contrary, if you incur a Separation from Service prior to the Conversion Date by reason of Retirement and following such Separation from Service prior to the Conversion Date you:
(i) become or serve as an officer, director, partner or employee of any individual, proprietorship, partnership or corporation or the owner of a business, or a member of a partnership which conducts a business in competition with the Company or
render a service (including without limitation, advertising agencies and business consultants) to competitors with any portion of the business of the Company as determined by the Committee or its designee or (ii) engage in deliberate action
which, as determined by the Committee or its designee, causes substantial harm to the interest of the Company, you shall forfeit all rights to all Units granted hereunder, and such Units shall, for all purposes of the Plan and this Agreement, be
deemed terminated and without further force or effect as of the date of such Separation from Service. 
  

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 7. Separation from Service During the Additional Vesting Period. 
 (a) Other than by Reason of Retirement, Disability or Death; Prohibited Conduct; Forfeiture. If you incur a Separation from Service during the
Additional Vesting Period other than by reason of your Retirement, Disability or death, you shall immediately forfeit the shares of Restricted Stock (including, for this purpose, any notional dividend equivalents under Paragraph 4(b)) as of the
date of such Separation from Service, unless the Committee, in its discretion, determines that such shares shall vest at the expiration of the Additional Vesting Period. 
 (b) By Reason of Retirement. If you incur a Separation from Service during the Additional Vesting Period by reason of your Retirement, the Restricted Shares issued in your name under this Agreement shall remain
subject to the transfer restrictions described in Paragraph 4(a) and the forfeiture restrictions described in Paragraph 7(d) until the Vesting Date. 
 (c) By Reason of Death or Disability. If you incur a Separation from Service during the Additional Vesting Period by reason of your death or Disability, the restrictions on the Restricted Stock shall lapse and
the shares shall be fully vested as of the date of such Separation from Service. 
 (d) Forfeiture Due to Conduct. Notwithstanding
anything in this Agreement to the contrary, if you incur a Separation from Service during the Additional Vesting Period by reason of Retirement and following such Separation from Service but prior to the Vesting Date you: (i) become or serve as
an officer, director, partner or employee of any individual, proprietorship, partnership or corporation or the owner of a business, or a member of a partnership which conducts a business in competition with the Company as determined by the Committee
or its designee or (ii) engage in deliberate action which, as determined by the Committee or its designee, causes substantial harm to the interest of the Company, you shall forfeit immediately all shares of Restricted Stock (including, for this
purpose, any additional Restricted Stock granted in respect of dividend equivalents and any unapplied cash amounts under Paragraph 4(b)) as of the date of such determination by the Committee or such designee. 
 8. Miscellaneous. This Agreement may not be amended except in writing. Neither the existence of the Plan and this Agreement nor the Target Award
granted hereby shall create any right to continue to be employed by the Company or its Affiliates, and your employment shall continue to be at will and terminable at will by the Company. In the event of a conflict between this Agreement and the
Plan, the Plan shall govern; provided, however, that nothing in this Paragraph 8 shall be construed as requiring that any such conflict be resolved in a manner that the Company determines would be inconsistent with Section 409A or
would result in adverse or unintended tax consequences to you under Section 409A. To the extent that the Committee or the Hardship Committee is authorized to make a determination under this Agreement, all such determinations shall be in the
sole discretion of the Committee, the Hardship Committee or their respective delegates. 
  

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 9. Definitions and Rules of Construction. 
 (a) Definitions. The following terms have the meanings set forth below: 
 “Additional Vesting Period” means the period beginning on the Conversion Date and ending on the Vesting Date. 
 “Agreement” means this Performance Share Award Agreement under the Plan, including each annex attached hereto. 
 “Beneficiary” means one or more individuals or entities (including a trust or estate) designated by you to receive, in the event of your
death, any shares of Common Stock earned and issuable to you pursuant to this Agreement. You may change your Beneficiary by submitting the appropriate form, as determined by the Committee, to the Record Keeper. The last such form submitted prior to
your death with respect to the amounts awarded pursuant to this Agreement received by the Record Keeper shall supersede any prior such form submitted. In the event of your death, the Record Keeper shall attempt to locate your Beneficiary in the
order presented on the appropriate Beneficiary designation form by taking one or more of the following actions: first, sending a letter by certified mail to the address of the Beneficiary indicated on the Beneficiary designation form, second, using
the letter-forwarding service offered by the Internal Revenue Service or the Federal Social Security Administration and third, taking any other action that the Committee deems appropriate. If 90 days after the last such action taken by the
Record Keeper, the Record Keeper has not located your Beneficiary, or if you have no Beneficiary (whether due to the death of your Beneficiary or your failure to properly designate your Beneficiary on the appropriate form), your Beneficiary shall be
your estate for purposes of issuing the shares of Common Stock due to you under this Agreement. 
 “Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the rulings, regulations and other guidance thereunder. 
 “Committee” means the Compensation and Benefits Committee of the Board of Directors of the Company. Any action that the Committee is required or permitted to take hereunder may be undertaken by any person to whom the
Committee delegated authority to take such action, and any action by a delegate of the Committee shall, for all purposes hereof, constitute an act of the Committee. 
 “Common Stock” means the common stock of the Company, par value $0.33 1/3 per share. 
 “Company” means Wyeth. 
 “Consolidated
Earnings” means the consolidated net income for the Performance Year, (i) adjusted to omit the effects of unusual and infrequent items, all as shown on the audited financial statements of the Company, as determined in accordance with
accounting principles generally accepted in the United States, and (ii) subject to such additional adjustments as the Committee in its discretion shall specify within the 90-day period beginning January 1st of the Performance Year. 
  

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 “Conversion Date” means the date during the 90-day period following the end of the
Performance Year on which the Committee makes the determination set forth in Paragraph 3(a). 
 “Disability” means a
disability for purposes of (i) a long-term disability plan maintained by the Company in which you participate or (ii) Social Security Disability Insurance (SSDI), as determined by the Social Security Administration. 
 “EPS” means the earnings or net income per share of common stock of the
Company for the Performance Year, (i) adjusted to omit the effects of unusual and infrequent items, all as shown on the audited financial statements of the Company, as determined in accordance with accounting principles generally accepted in
the United States, and (ii) subject to such additional adjustments as the Committee in its discretion shall specify within the 90-day period beginning January 1st of the Performance Year.  
 “EPS
Target” shall be the EPS target amount established by the Committee at a meeting to be held within the 90-day period beginning January 1st of the Performance Year. 
 “Exchange Act” means the Securities Exchange Act of 1934 (as amended from time to
time) and the rules and regulations promulgated thereunder. 
 “Fractional Amount” means the cash amount equal to the
difference between the value of the number of whole shares of Restricted Stock withheld pursuant to Paragraph (4)(c)(i) and Paragraph (4)(c)(ii), as the case may be, and the value of the number of whole and fractional shares of Restricted Stock
required to be withheld pursuant to Paragraph (4)(c)(i) and Paragraph (4)(c)(ii), as the case may be. For purposes of this definition, the value of the Restricted Stock shall be determined in accordance with Paragraph 4(c)(iv). 
 “Negative Discretion” means the right and ability of the Committee in its sole and absolute discretion to reduce the award payable to
you under this Agreement from the amount of the award otherwise payable to you hereunder based on the Company’s actual performance for the Performance Year. The Committee shall exercise such Negative Discretion within the 90-day period
beginning on January 1, 2011 based upon such subjective or objective factors as shall be selected by the Committee for this purpose. 
 “Payment Date” means the date as of which shares of Common Stock are issued to you in accordance with the terms of this Agreement. 
 “Performance Grid” shall be the performance grid established by the Committee at
a meeting to be held within the 90-day period beginning January 1st of the Performance Year, which shall plot the different payout percentage
levels at various EPS Targets achieved. 
 “Performance Year” shall mean 2010. 
 “Plan” means the plan identified on the first page of this Agreement, as the same may be amended from time to time. The terms of the
Plan constitute a part of this Agreement. 
 “Record Keeper” means the person or persons identified from time to time by the
Committee to be responsible for the day-to-day administration of the Plan. 
  

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 “Recoupment Policy” means the Company’s Board of Director’s Policy on
Recoupment of Performance-Based Compensation in Restatement Situations, as may be amended from time to time. 
 “Retirement”
means, for purposes of this Agreement, your (a) attainment of age 65 or (b) attainment of age 55 with 5 or more years of service, determined in accordance with the service crediting method set forth in the Wyeth Retirement Plan –
United States or in effect as of January 1, 2007. 
 “Section 409A” means Section 409A of the Code. 
 “Separation from Service” means a separation from service with the Company and its Affiliates for purposes of Section 409A,
determined using the default provisions set forth in Treasury Regulation Section 1.409A-1(h) or the successor regulation thereto. Notwithstanding the foregoing, if a Participant would otherwise incur a Separation from Service in connection with
a sale of assets of the Company, the Company shall retain the discretion with respect to the shares of Common Stock, if any, earned hereunder to determine whether a Separation from Service has occurred in accordance with Treasury Regulation
Section 1.409A-1(h)(4) or the successor regulation thereto. For this purpose, Affiliate means any corporation included in a controlled group of corporations (within the meaning of Section 414(b) of the Code) that includes the Company and
any trade or business (whether or not incorporated) under common control with the Company (within the meaning of Section 414(c) of the Code), determined in accordance with the default provisions set forth in the applicable provisions of
Section 409A. 
 “Specified Employee” means (a) each
“specified employee,” as defined in Section 409A(a)(2)(B)(i) of the Code, who meets the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the regulations thereunder and
disregarding Section 416(i)(5) of the Code) any time during the 12 month period ending on December 31st of a calendar year and (b) to
the extent not otherwise included in (a) hereof, each of the top-100 paid individuals (based on taxable wages as reported in Box 1 of Form W-2 for the 12 month period ending on December 31st of such calendar year plus amounts that would be included in wages for such 12 month period but for pre-tax deferrals to a tax-favored retirement plan or cafeteria plan or for
qualified transportation benefits) who performed services for the Company at any time during the 12 month period ending on December 31st of
such calendar year. A Participant shall be treated as a “Specified Employee” for the 12 month period beginning on April 1st of the
calendar year following the calendar year for which the determination under clause (a) or (b) of this definition is made. 
 “U.S. Expatriate” means a Participant who is a U.S. taxpayer temporarily working outside of the United States and who is subject to a tax equalization agreement authorizing the Company to withhold federal, state and local
income taxes from any payment under this Agreement. 
 “Vesting Date” means 5 p.m. (Eastern time) on the earlier of
(i) the first anniversary of the Conversion Date and (ii) in the event of your death or Disability prior to the date described in clause (i), the later of the Conversion Date and the date of your death or Disability, as the case may be.

  

 -8- 

 (b) Rules of Construction. All references to Paragraphs refer to paragraphs in this Agreement. The
titles to Paragraphs in this Agreement are for convenience of reference only and, in case of any conflict, the text of this Agreement, rather than such titles, shall control. 
 10. Compliance with Laws. 
 (a)
General Rule. This Agreement shall be governed by the laws of the State of Delaware and any applicable laws of the United States. Notwithstanding anything herein to the contrary, the Company shall not be obligated to issue any Units or shares
of Common Stock represented thereby pursuant to this Agreement unless and until the Company is advised by its counsel that the issuance of such shares through book-entry form by a credit to an account maintained on your behalf, or through a stock
certificate representing such shares, is in compliance with all applicable laws and regulations of governmental authority; provided, however, that any action or inaction by the Company pursuant to this Paragraph 10(a) with respect to
issuance of Units or shares of Commons Stock shall be in accordance with Paragraph 10(c). The Company shall in no event be obliged to register any securities pursuant to the Securities Act of 1933 (as amended from time to time) or to take any other
action in order to cause the issuance of such shares through book-entry form by a credit to an account maintained on your behalf, or through a stock certificate representing such shares, to comply with any such law or regulation. 
 (b) Reservation of Rights. The Committee shall have the discretionary right (i) to amend, modify, cancel or rescind, without your consent,
any of the terms and conditions of this Agreement to comply with any applicable law, regulation, ruling or other regulatory guidance and (ii) to amend or terminate the Plan, in each case, solely to the extent that the Committee determines, in
its discretion, that any such action can be effected without the imposition on you or any other person of adverse or unintended tax consequences under Section 409A. The Committee shall not have the right to accelerate or delay the issuance of
any shares of Restricted Stock earned under this Agreement, unless the Committee determines, in its discretion, that any such acceleration or delay can be effected without the imposition on you or any other person of adverse or unintended tax
consequences under Section 409A. 
 (c) Section 16. If you are subject to Section 16 of the Exchange Act, transactions
under the Plan and this Agreement are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or this Agreement or action by the Committee involving you
is deemed not to comply with an applicable condition of Rule 16b-3 or its successor under the Exchange Act or other applicable law (including, without limitation, other federal securities laws), issuance of such shares shall be delayed in a manner
that will not result in the imposition on any person of adverse or unexpected tax consequences under Section 409A. In the event of such delay, the shares shall be issued as of the earliest date the Committee reasonably anticipates that such
issuance will not cause such violation. In the event the Plan or this Agreement does not include a provision required by Rule 16b-3 to be stated therein, such provision (other than one relating to eligibility requirements or the price and amount of
awards as applicable) shall be deemed automatically to be incorporated by reference into the Plan and/or this Agreement insofar as you are concerned, with such incorporation to be deemed effective as of the effective date of such Rule 16b-3
provision. 
  

 -9- 

 11. Change of Control. 
 (a) Vesting. Anything in this Agreement to the contrary notwithstanding, upon a Change of Control, (i) 80% of your Units shares of and
Restricted Stock granted to you pursuant to this Agreement shall fully vested and all restrictions thereon shall lapse and (ii) 20% of your Units shall forfeit without further consideration to you. You hereby acknowledge and agree that for all
purposes of the 1998 and 2006 change in control severance agreements entered into by and between you and the Company (as amended) and any subsequent replacement agreement therefor, including, without limitation, the calculation of “Stock Option
Value” under the 1998 agreement, this award shall be deemed to be an award of 80% of the Target Award. 
 (b) Settlement of
Units. Anything in this Agreement to the contrary notwithstanding, upon such Change of Control, in settlement of any Units outstanding at the time of the Change in Control, one share of Common Stock per Unit shall be issued in your name, except
as otherwise provided in Paragraph 11(c). 
 (c) Cash in Lieu of Shares. In lieu of shares of Common Stock issuable in respect of
cancelled Units pursuant to Paragraph 11(b), the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time
specified in Paragraph 11(b). 
 12. Recoupment. Notwithstanding anything to the contrary, if at any time during your employment with
the Company you are a Senior Executive (as such term is defined in the Recoupment Policy), your shares of Restricted Stock shall be subject to the Recoupment Policy and adjusted accordingly. 
 13. Effect of Acknowledgement. You must acknowledge receipt of this Agreement as soon as reasonably practicable by using the applicable procedure
established by the Committee for such purpose. 
  

			
	WYETH
		
	By:	 	  

		 	Treasurer

  

	
	ACCEPTED AND AGREED TO:
	
	  

	Name (Please Print)
	
	  

	Signature

  

 -10- 

 ANNEX A 
 ADMINISTRATIVE FEE 
 Wyeth PSA 
  

				
	 # Shares Earned
	  	Fee
	1,001 +	  	$	75
	501-1,000	  	$	40
	101-500	  	$	20
	70-100	  	$	5

  

 A-1

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