Document:

Form of Deferred Stock Unit Award Agreement

 Exhibit 10.3 
 WYETH 
 DEFERRED STOCK UNIT AWARD AGREEMENT 
 UNDER THE WYETH 2006 NON-EMPLOYEE 
 DIRECTOR STOCK INCENTIVE PLAN 
  

			
	 [Name and Address of Grantee] (the
 “Grantee”)
	  	 DATE OF GRANT:

		
		  	NUMBER OF DEFERRED STOCK UNITS: 1,200

 1.     Grant of Deferred Stock Unit Award. Wyeth, a Delaware
corporation (the “Company”), pursuant to its 2006 Non-Employee Director Stock Incentive Plan (the “Plan”), hereby grants the Grantee the number of Deferred Stock Units specified above (the “Deferred Stock
Unit Award”). Each Deferred Stock Unit shall represent the right to receive one share of Stock subject to the terms and conditions set forth herein, as well as all of the terms and conditions of the Plan, all of which are incorporated
herein in their entirety. Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan. In the event of a conflict or inconsistency between the terms and provisions of the Plan and the provisions of this Deferred Stock
Unit Award Agreement (this “Agreement”), the Plan shall govern and control. 
 2.     Vesting
Schedule. Subject to the Grantee’s continued Board Membership through the applicable vesting date, the Deferred Stock Unit Award shall become fully vested on the date that is twelve (12) months and thirty (30) days following the
Date of Grant; provided, however, that no portion of the Deferred Stock Unit Award shall become vested prior to the date upon which the Grantee has completed two years of continuous Board Membership following the Grantee’s
election to the Board. Notwithstanding the foregoing, and subject to applicable laws, the Deferred Stock Unit Award shall become immediately vested upon the occurrence of a Change in Control as provided in Section 13 hereof. 
 3.     Accelerated Vesting and Forfeiture of Deferred Stock Unit Award Upon Termination of Board Membership. In the event that
the Grantee’s Board Membership is terminated on account of the Grantee’s death or Disability, and if the Grantee has completed at least two years of continuous Board Membership, all unvested Deferred Stock Units held by the Grantee as of
such termination date shall immediately become fully vested. In the event that the Grantee’s Board Membership is terminated for any other reason, all unvested Deferred Stock Units held by the Grantee as of such termination date shall
immediately expire and be forfeited without further consideration to the Grantee. 
 4.     Distribution Election.
Within thirty (30) days following the Date of Grant, the Grantee shall file an initial Distribution Election Form, in the form attached hereto as Exhibit A (the “Distribution Election Form”), with the Company indicating whether
the distribution of the Deferred Stock Unit Award upon the termination of the Grantee’s Board Membership is to be made in a lump sum or in a series of 2 to 10 substantially equal annual installments. If the 

 
Grantee fails to file a timely Distribution Election Form, the Deferred Stock Unit Award, by default, shall be distributed in a lump sum upon the termination
of the Grantee’s Board Membership. The Initial Election (or the Default Election, if applicable) shall be a standing election and shall apply to the Deferred Stock Unit Award granted under this Agreement and, unless such standing election is
modified, to all of the Grantee’s subsequent Deferred Stock Unit Awards. The Grantee may elect to change the form of payment for any future Deferred Stock Unit Award by filing a Distribution Election Modification Form, in the form attached
hereto as Exhibit B, with the Company. A Distribution Election Modification Form must be filed no later than December 31, or such earlier date prescribed by the Committee, of the year prior to the year in which the Deferred Stock Unit Award
with respect to which the modification shall be effective is granted. Any such Distribution Election Modification Form shall apply to all of the Grantee’s Deferred Stock Unit Awards granted in calendar years subsequent to the filing of such
election, unless and until a new Distribution Election Modification Form is filed with the Company. 
 5.     Deferred
Unit Account. On the Date of Grant, the Company shall establish a Deferred Unit Account for the Grantee and shall credit such newly established Deferred Unit Account with the number of Deferred Stock Units attributable to the Deferred
Stock Unit Award. 
 6.     Contribution of Stock to Trust. On the Date of Grant, the Company shall contribute to
the Trust for the benefit of the Grantee a number of shares of Stock equal to the number of Deferred Stock Units granted to the Grantee pursuant to the Deferred Stock Unit Award. The Company shall instruct the Trustee to establish a Deferred Stock
Account for the Grantee and allocate the number of shares of Stock attributable to the Deferred Stock Unit Award to such newly established Deferred Stock Account. Stock held in the Deferred Stock Account (including, without limitation, Dividend
Equivalents) shall be subject to vesting to the same extent that the Deferred Stock Unit Award is subject to vesting. Upon forfeiture of all or a portion of the Deferred Stock Unit Award as provided in Section 3 above, the corresponding number
of shares of Stock held in the Deferred Stock Account shall be forfeited and returned to the Company. 
 7.
    Dividend Equivalents. The Company shall withhold cash dividends payable on the shares of Stock held in the Trust and, on each date that cash dividends are otherwise payable to the holders of Stock, the Company shall
credit the Dividend Equivalents to the Grantee’s Deferred Unit Account. From time to time, the Company shall deduct the value of full and/or fractional shares of Stock, as determined by the Committee, from the Grantee’s Deferred Unit
Account and contribute such full and/or fractional shares of Stock to the Grantee’s Deferred Stock Account in the Trust. Dividend Equivalents and shares of Stock attributable to Dividend Equivalents shall be subject to forfeiture in the same
manner as the Deferred Stock Unit Award. 
 8.     Payment of Deferred Stock Unit Awards. The shares of Stock
attributable to this Deferred Stock Unit Award (including shares attributable to Dividend Equivalents) shall be held in the Trust until the termination of the Grantee’s Board Membership. Following the termination of the Grantee’s Board
Membership, the shares of Stock held in the Grantee’s Deferred Stock Account attributable to the vested Deferred Stock Units granted hereunder shall be distributed by the Trustee to the Grantee, or the Grantee’s estate or beneficiary, as
applicable, in the event of the Grantee’s death, in a lump sum or in a series of annual installments (net of 

  

 2 

 
applicable taxes, if any), as elected by the Grantee pursuant to the Grantee’s Distribution Election Form or Default Election, as applicable. If the
vesting of the Deferred Stock Unit Award is accelerated on account of the Grantee’s death or Disability, the shares of Stock attributable to this Deferred Stock Unit Award shall be distributed in a lump sum to the Grantee’s estate or
beneficiary, as applicable, disregarding the election to have such distribution made in a series of annual installments, as soon as practicable following such acceleration, but in no event later than two and one-half months following the end of the
year of such acceleration. 
 9.     No Right to Board Membership. This Agreement does not confer upon the Grantee
any right to remain a member of the Board, nor confer any obligation on the part of the Company or the Board to nominate the Grantee for re-election by the Company’s stockholders. 
 10.     Non-Transferability. The Deferred Stock Unit Award may not be assigned or transferred, pledged or sold prior to its
delivery to the Grantee or, in the case of the Grantee’s death, to the Grantee’s legal representative or legatee or such other person designated by an appropriate court; provided, however, that the transfer of the Deferred
Stock Unit Award for estate planning purposes shall be allowed in accordance with applicable law. 
 11.
    Government and Other Regulations. The obligation of the Company to make payment of Awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and to such approvals by governmental
agencies as may be required. Notwithstanding any terms or conditions of any Award to the contrary, the Company shall be under no obligation to offer to sell or to sell and shall be prohibited from offering to sell or selling any shares of Stock
pursuant to an Award unless such shares have been properly registered for sale pursuant to the Securities Act with the Securities and Exchange Commission or unless the Company has received the advice of counsel, satisfactory to the Company, that
such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions of such exemption have been fully complied with. The Company shall be under no obligation to register for sale
under the Securities Act any of the shares of Stock to be offered or sold under the Plan. If the shares of Stock offered for sale or sold under the Plan are offered or sold pursuant to an exemption from registration under the Securities Act, the
Company may restrict the transfer of such shares and may legend the Stock certificates representing such shares in such manner as it deems advisable to ensure the availability of any such exemption. 
 12.     Change in Capital Structure. This Agreement and the number of Deferred Stock Units subject to this Deferred Stock Unit
Award shall be subject to adjustment or substitution, as determined by the Committee in its sole discretion, as to the number or kind of a share of Stock or as otherwise determined by the Committee to be equitable (i) in the event of changes in
the outstanding Stock or other consideration subject to this Deferred Stock Unit Award in the capital structure of the Company by reason of stock dividends, extraordinary cash dividends, stock splits, reverse stock splits, recapitalizations,
reorganizations, mergers, consolidations, combinations, exchanges, or other relevant changes in capitalization occurring after the Date of Grant or (ii) in the event of any change in applicable laws or any change in circumstances which results
in or would result in any substantial dilution or enlargement of the rights granted to, or available for, the Grantee, or which otherwise warrants equitable adjustment because it interferes with the intended operation of the Plan. 
  

 3 

 13.     Change in Control. In the event of a Change in Control,
(i) notwithstanding the vesting schedule set forth above, or any other limitation on vesting, all unvested Deferred Stock Units subject to this Deferred Stock Unit Award shall immediately become 100% vested and the forfeiture provisions thereon
shall lapse, (ii) the shares of Stock attributable to the Grantee’s Deferred Stock Unit Award (including shares attributable to Dividend Equivalents) shall be immediately distributed by the Trustee to the Grantee in a lump sum (net of
applicable taxes, if any) and (iii) the value of any Dividend Equivalents then credited to the Grantee’s Deferred Unit Account, which have not yet been converted into shares of Stock and contributed to the Trust, shall be immediately paid
by the Company to the Grantee in a cash lump sum (net of applicable taxes, if any). Notwithstanding anything herein to the contrary, to the extent that this Deferred Stock Unit Award, either in whole or in part, is deemed to provide for the deferral
of compensation within the meaning of Section 409A, there shall be no distribution of any such deferred compensation on account of a Change in Control unless such event also constitutes a “Change in Control Event” within the meaning
of Section 409A or such distribution is otherwise allowable under Section 409A. 
 14.
    Administration. Subject to the express provisions of the Plan, this Agreement and the Plan are to be interpreted and administered by the Committee, whose determination shall be final. 
 15.     Governing Law. This Agreement shall be governed by the laws of the State of Delaware and in accordance with such
federal law as may be applicable. 
 [Signatures to follow on next page] 
  

 4 

 THE UNDERSIGNED GRANTEE ACKNOWLEDGES RECEIPT OF THE PLAN, AND, AS AN EXPRESS CONDITION TO THE GRANT OF THE DEFERRED
STOCK UNIT AWARD UNDER THIS AGREEMENT, AGREES TO BE BOUND BY THE TERMS OF BOTH THIS AGREEMENT AND THE PLAN. 
  

	
	 WYETH

	
	   
	

  

	
	 Accepted and agreed to:

	
	   
	 Name (please print)

	
	  
	Signature

  

 5Form of Restricted Stock Unit Award Agreement

 Exhibit 10.4 
 WYETH 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 UNDER THE WYETH [    ] STOCK INCENTIVE PLAN 
 DATE OF GRANT: ___________ 
 NUMBER OF SHARES SUBJECT 
 TO AWARD: [####] 
 ____________________________ 
 Name 
 Address 1 
 Address 2 
 The Company hereby awards you restricted stock units (the “Units”) representing shares of Common Stock
in the amount set forth above. The Units are subject to the terms and restrictions set forth in the Plan and this Agreement. Each Unit corresponds to one share of Common Stock. The Units shall be converted into shares of Common Stock on the terms
and conditions set forth herein. Capitalized words not otherwise defined in the text of this Agreement or in Paragraph 10 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. 

  

	 	•	 	The Company has the right, without your prior consent, to amend or modify the terms of the Plan or this Agreement to the extent that the Committee deems it 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 represented by 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 shares are 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. As of the Conversion Date, the Units shall be converted to Common
Stock, unless the Units have been forfeited or previously converted prior to that date in accordance with the terms of this Agreement or the Units are then subject to a Deferral Election or Re-Deferral Election. Notwithstanding anything in this
Agreement to the 

  

 
contrary, upon your forfeiture for any reason of all rights to 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. 
 4.    
Deferral Elections and Re-Deferral Elections. 
 (a)     Deferral Elections. You are eligible to make a
Deferral Election to defer the issuance to you of all of the shares of Common Stock otherwise issuable to you as of the Conversion Date. To make a Deferral Election, you must complete an election form approved by the Committee that conforms to the
terms of the attached ANNEX A and return or otherwise submit such form to the Record Keeper as soon as possible after the date hereof, but in no event later than thirty (30) days from the date of grant indicated above or such shorter
period as may be required by applicable law and communicated to you by the Committee. All Deferral Elections must comply with the applicable procedures established by the Committee from time to time. If you make such a Deferral Election (or
Re-Deferral Election pursuant to Paragraph 4(b)), then, as of the Conversion Date, the following shall apply: (i) the number of Units that would have been earned as of the Conversion Date shall be cancelled; (ii) in exchange for such
cancelled Units, you will have a future right to receive a number of shares of Common Stock equal to the number of Units so cancelled, subject to Paragraph 5(d); and (iii) as of the Conversion Date, the Company shall contribute to the
Restricted Stock Trust, subject to Paragraph 5(d), a number of shares of Common Stock equal to the number of Units cancelled, which shares shall be used to satisfy the Company’s payment obligations to you under your Deferral Election and this
Agreement, and such shares shall be issued to you as of the Payment Date(s) specified in your Deferral Election or Re-Deferral Election, as the case may be, subject to Paragraphs 6, 7, 8 or 12. Notwithstanding anything in this Paragraph 4(a) to the
contrary, if the Committee determines that a Deferral Election is not made within the timeframe required by Section 409A, such election shall be cancelled and the shares (if any) issuable to you under the Agreement will be issued as of the
Conversion Date. 
 (b)     Re-Deferral Elections. You may, in accordance with procedures established from time to
time by the Committee, also make a Re-Deferral Election with respect to all of the shares of Common Stock earned or eligible to be earned by you under this Agreement, even if you do not make a Deferral Election pursuant to Section 409A. Any
such Re-Deferral Election (i) must be in accordance with the provisions of Section 409A (as reasonably interpreted by the Committee), (ii) must be made in writing (unless otherwise instructed by the Company) and received by the Record
Keeper at least one year prior to the Payment Date then in effect previously specified in your Deferral Election (or prior Re-Deferral Election) or established under the terms of this Agreement or, if a Deferral Election or a prior Re-Deferral
Election is not in effect, at least one year prior to the date on which the Units are fully vested and (iii) must delay issuance of the shares of Common Stock otherwise issuable to you under this Agreement for a period of not less than five
years from such Payment Date or if, a Deferral Election or Re-Deferral Election is not in effect, five years from the date on which the Units are fully vested. Notwithstanding anything in this Agreement to the contrary, (A) a Re-Deferral
Election will be permitted or honored solely to the extent that such election will not result in adverse or unintended tax consequences to you under Section 409A and (B) issuance of amounts subject to an applicable Re-Deferral Election
shall not occur prior to the Payment Date(s) set forth in your 

  

 -2- 

  

 
Re-Deferral Election solely to the extent necessary to avoid adverse or unintended tax consequences to you under Section 409A. 
 5.     Issuance and Delivery of Shares of Common Stock; Withholding. 
 (a)     Method of Issuance; Time of Delivery; Stockholder Rights. As soon as practicable following a Payment Date, all shares
of Common Stock, if any, earned by you under this Agreement that are to be issued to you as of such Payment Date shall be delivered either through book-entry form as a credit to an account maintained in your name or through the issuance of a stock
certificate representing such shares of Common Stock free of any restrictive legend, other than as may be required by applicable securities laws. Upon such issuance, you shall be the record owner of such shares and shall be entitled to all of the
rights of a stockholder of the Company, including the right to vote and the right to receive dividends. 
 (b)     No
Deferral Election. If you do not make a Deferral Election or Re-Deferral Election, the shares of Common Stock to be issued to you pursuant to this Agreement, if earned, shall be issued as of the Conversion Date, subject to Paragraphs 6, 7 or 12
and delivered to you in a lump sum as soon as practicable after the Conversion Date. 
 (c)     Deferral Election.
If you make a Deferral Election or Re-Deferral Election, the shares of Common Stock to be issued to you pursuant to this Agreement shall be issued to you, if earned, as of the Payment Date(s) specified in such Deferral Election or Re-Deferral
Election, subject to Paragraphs 6, 7, 8 or 12 and delivered to you as soon as practicable after such Payment Date(s). 
 (d)     Amounts to Be Withheld. The number of shares of Common Stock that shall be issued to you (either directly from the Company pursuant to this Paragraph 5 or from the Restricted Stock Trust) as of a Payment
Date(s) shall be (i) the number of such shares that would have been issued as of the Payment Date in the absence of this Paragraph 5(d) minus (ii) the number of whole shares of Common Stock necessary to satisfy (A) the minimum
federal, state and local income tax withholding obligations that are imposed on the Company by applicable law in respect of the issuance of such award, (B) other tax withholding obligations (e.g., Social Security and Medicare) that may be due
from time to time under applicable law (and that may be satisfied by the reduction effected hereby in the number of issuable shares) and, if a Deferral Election or a Re-Deferral Election is in effect, the additional income tax withholding
obligations attributable to the wages included in income under Section 3401 of the Code and (C) any administrative fees that may be imposed by the Company, in each case, it being understood that the value of the shares referred to in
clause (ii) above shall be determined, for the purposes of satisfying the obligations set forth in this Paragraph 5(d) and determining your income related to such award, on the basis of the average of the high and low per-share prices for the
Common Stock as reported on the Consolidated Transaction Reporting System on the trading day immediately preceding the designated date of issuance or as otherwise determined in Paragraph 8, or on such other reasonable basis for determining fair
market value as the Committee may from time to time adopt. Shares of Common Stock may also be issued and withheld at the time Social Security, Medicare and other wage withholding taxes are due. To the extent Section 409A applies, the number of
shares described in clause (i)(A) through (i)(C) above shall not 

  

 -3- 

  

 
exceed the aggregate amount due for Social Security and Medicare taxes and the income tax withholding related to such amount. 
 (e)     Compliance with Section 409A. To the extent that the shares of Common Stock, if any, issuable to you under this
Agreement are to be issued in connection with your Separation from Service (for any reason other than death) during the period beginning on your Separation from Service and ending on the six-month anniversary of such date and, at the time of such
Separation from Service, you are a Specified Employee, then, solely to the extent the Committee determines necessary to avoid adverse or unintended tax consequences to you under Section 409A, such issuance shall be delayed until the first
business day of the month following the six-month anniversary of your Separation from Service. 
 6.     Separation
from Service Other than by Reason of Retirement, Disability or Death; Forfeiture; Default Payment. 
 (a)    
Prior to Conversion Date. 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. 
 (b)     On or After Conversion Date. If you incur a Separation from Service on or after the Conversion Date for any reason
other than Retirement, Disability or death, the shares that are earned under this Agreement, but have not then been issued to you, shall be issued to you in accordance with Paragraph 5 as of the Payments Date(s) specified below: 
 (i)     No Deferral/Re-Deferral Election. If you did not make a Deferral Election or Re-Deferral Election, as
the case may be, the shares of Common Stock shall be issued in a lump sum as of the Conversion Date. 
 (ii)     Deferral/Re-Deferral Election. If you made a Deferral Election or Re-Deferral Election with respect to the shares earned under this Agreement, the shares subject to your Deferral Election or Re-Deferral
Election, as the case may be, that are earned but have not then been issued to you shall be issued to you, in accordance with Paragraph 5, in a lump sum as of the first business day of the month following the date of such Separation from Service,
regardless of the Payment Date(s) specified in your Deferral Election or Re-Deferral Election. 
 7.     Separation
from Service by Reason of Retirement, Disability or Death. 
 (a)     Prior to Conversion Date. 
 (i)     Issuance of Shares. If you incur a Separation from Service prior to the Conversion Date (x) by
reason of Retirement, Disability or death and (y) 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 subsidiaries for the two-year period ending on the date of such
Separation from Service, the Units granted hereunder shall be fully vested and the shares of Common Stock in settlement of such Units, if earned, shall be issued in accordance with Paragraph 5 as of the Payment Date(s) specified below: 

 

 -4- 

  

 (A)     No Deferral/Re-Deferral Election. If you did not
make a Deferral Election or Re-Deferral Election with respect to such shares, the shares of Common Stock shall be issued to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof or your
Beneficiary, as the case may be, in a lump sum as of the first business day of the month following the date of your Separation from Service, if it is by reason of Retirement or Disability, and as soon as practicable following your Separation from
Service, if it is by reason of death, but (in the event of death), no later than the Conversion Date. 
 (B)     Deferral/Re-Deferral Election—Retirement, Disability. If you made a Deferral Election or Re-Deferral Election with respect to such shares and the Separation from Service is by reason of Retirement or
Disability, the shares subject to such Deferral Election or Re-Deferral Election, as the case may be, shall be issued to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof, as the
case may be, as of the Payment Date(s) specified in your Deferral Election or Re-Deferral Election; provided, however, that notwithstanding anything in this Paragraph 7(a)(i)(B) to the contrary, if you incur a Separation from Service
in 2006 by reason of Retirement or Disability, the shares shall be issued as of the later of January 31, 2007 and the Payment Date(s) specified in your Deferral Election or Re-Deferral Election. 
 (C)     Deferral/Re-Deferral Election—Death. Notwithstanding anything in this Paragraph 7(a) to the
contrary, if your Separation from Service is by reason of death or you die after a Separation from Service by reason of Retirement or Disability and, in either such case, you have shares of Common Stock subject to your Deferral Election or
Re-Deferral Election, as the case may be, that have not then been issued to you, such shares shall be issued to your Beneficiary in a lump sum as soon as practicable following the date of your death, regardless of the Payment Date(s) specified in
your Deferral Election or Re-Deferral Election; provided, however, that if you die in 2006, the shares shall be issued as soon as practicable, but, to the extent required by Section 409A, in no event earlier than January 1,
2007. 
 (ii)     Continuous Employment Requirement. If you incur a Separation from Service prior
to the Conversion Date (A) by reason of Retirement, Disability or death and (B) 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 subsidiaries for the
two-year period ending on such Separation from Service, you shall forfeit all rights to all Units granted hereunder, as of the date of such Separation of Service. 
 (b)     On or After Conversion Date. If you incur a Separation from Service on or after the Conversion Date by reason of Retirement, Disability or death, the shares of Common Stock, if
earned, in respect of the Units granted hereunder shall be issued in accordance with Paragraph 5 as of the Payment Date(s) specified below: 
 (i)     No Deferral/Re-Deferral Election. If you did not make a Deferral Election or Re-Deferral Election with respect to such shares, the shares of Common Stock shall be issued to you, your
legal representative or other person designated by an appropriate 

  

 -5- 

  

 
court as entitled to take receipt thereof or your Beneficiary, as the case may be, in a lump sum as of the first business day of the month following the date
of such Separation from Service, if it is by reason of Retirement or Disability, and as soon as practicable following your Separation from Service, if it is by reason of death. 
 (ii)     Deferral/Re-Deferral Election-Retirement, Disability. If you incur a Separation from Service on or
after the Conversion Date by reason of Retirement or Disability and you have shares of Common Stock subject to a Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares shall be issued to
you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof, as the case may be, in accordance with Paragraph 5 as of the Payment Date(s) specified in your Deferral Election or Re-Deferral
Election. 
 (iii)     Deferral/Re-Deferral Election-Death. Notwithstanding anything in Paragraph
7(b)(ii) to the contrary, if you incur a Separation from Service on or after the Conversion Date by reason of death or you die after a Separation from Service by reason of Retirement or Disability and, in either such case, you have shares of Common
Stock subject to a Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares shall be issued to your Beneficiary, in accordance with Paragraph 5, in a lump sum as soon as practicable following
the date of your death, regardless of the Payment Date(s) specified in your Deferral Election or Re-Deferral Election. 
 8.     Distribution in the Event of Financial Hardship. 
 (a)    
Requirements. If the issuance of shares of Common Stock has been deferred by you pursuant to a Deferral Election or Re-Deferral Election, as the case may be, and such shares have not then been issued to you, you may submit a written request
for an accelerated issuance of such shares in the event you experience an Unforeseeable Financial Emergency. The Hardship Committee shall evaluate any such request as soon as practicable in accordance with Section 409A. If the Hardship
Committee determines in its sole discretion that you are experiencing such an Unforeseeable Financial Emergency, the Hardship Committee shall direct the Company to issue to you, as soon as practicable following such determination, such number of
shares of Common Stock held for your account in the Restricted Stock Trust, provided that the value of such shares of Common Stock does not exceed the amount reasonably necessary to satisfy the Unforeseeable Financial Emergency and any
federal, state and local income taxes or penalties reasonably anticipated as a result of such issuance of shares. A distribution on account of an Unforeseeable Financial Emergency shall not be made to the extent such Unforeseeable Financial
Emergency is, or may be, relieved through reimbursement or compensation by insurance or otherwise or by liquidation of your assets (to the extent the liquidation of such assets would not itself cause severe financial hardship). 
 (b)     Distribution Procedures. For purposes of this Paragraph 8, the value of the shares of Common Stock shall be calculated
based on the average of the high and low share prices for the Common Stock as reported on the Consolidated Transaction Reporting System on the trading day immediately preceding the date of approval by the Hardship Committee. You must provide 

  

 -6- 

  

 
adequate documentation to the Hardship Committee in order to be eligible for the issuance of shares to confirm the amount needed to satisfy the costs related
to the Unforeseeable Financial Emergency and the taxes payable on the release of such shares. If you have elected, pursuant to Paragraph 4, to receive the shares of Common Stock subject to this Agreement in the form of installments, the number of
shares issued to you due to the Unforeseeable Financial Emergency pursuant to this Paragraph 8 shall be deducted from the remaining installments to be issued to you starting with the last in time of such installments scheduled to be issued.

 9.     Miscellaneous. This Agreement may not be amended except in writing. Neither the existence of the Plan
and this Agreement nor the award granted hereby shall create any right to continue to be employed by the Company or its subsidiaries, 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 9 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. 
 10.     Definitions and Rules of Construction. 
 (a)     Definitions. The
following terms have the meanings set forth below: 
 “Agreement” means this Restricted Stock Unit 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. 
  

 -7- 

  

 “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, a Delaware corporation, and any successor thereto. 
 “Conversion Date” means the date that is the third anniversary of the Date of Grant. 
 “Date of Grant” means the date indicated on the first page of this Agreement. 
 “Deferral Election” means your one-time irrevocable deferral election made in accordance with the terms of Paragraph 4(a) to defer
receipt of all the shares of Common Stock otherwise issuable to you as of the Conversion Date. 
 “Disability” means a
Separation from Service by reason of disability for purposes of at least one qualified retirement plan or long-term disability plan maintained by the Company in which you participate. To the extent that your Disability is not a disability within the
meaning of Section 409A, any issuance of shares of Common Stock under this Agreement may be delayed for six months and one day following your Separation from Service in accordance with Paragraph 5(e). 
 “Exchange Act” means the Securities Exchange Act of 1934 (as amended from time to time) and the rules and regulations promulgated
thereunder. 
 “Hardship Committee” means the individual or individuals designated by the Committee to make all
determinations under Paragraph 8. Any action that the Hardship Committee is required or permitted to take hereunder may be undertaken by any person to whom the Hardship Committee delegated authority to take such action, and any action by a delegate
of the Hardship Committee shall, for all purposes hereof, constitute an act of the Hardship Committee. 
 “Payment Date”
means the date as of which shares of Common Stock are issued to you in accordance with the terms of this Agreement and any applicable Deferral Election and Re-Deferral Election made by you in accordance with the terms hereof. 
 “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. 
 “Re-Deferral Election” means an election made
in accordance with Section 409A to delay the payment of all shares of Common Stock issuable to you pursuant to your Deferral Election or as otherwise described in Paragraph 4(b). 
  

 -8- 

  

 “Restricted Stock Trust” means the trust fund established under the Trust Agreement
to accommodate the deferral of issuance of shares of Common Stock represented by Units (and any dividends paid thereon) as provided in Paragraph 4, which trust fund is subject to the claims of the Company’s general creditors under federal and
state law in the event of insolvency of the Company as described in the Trust Agreement. 
 “Retirement” has the meaning set
forth in the Plan; provided, however, that if you have not attained age 55 on or before the date of your Separation from Service by reason of Disability, then solely for purposes of issuance of amounts subject to your Deferral Election
or Re-Deferral Election (if any), as the case may be, “Retirement” shall mean the date you attain age 55, unless to do so would result in adverse or unintended tax consequences to you under Section 409A. 
 “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. For purposes of this definition, “Affiliate” means any
corporation that is in the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as the Company, any trade or business that is under common control with the Company (within the meaning of Section 414(c)
of the Code), any affiliated service group (within the meaning of Section 414(m) of the Code) of which the Company is a part and any other entity required to be aggregated with the Company pursuant to Section 414(o) of the Code.

 “Specified Employee” means a “specified employee” as defined in Section 409A. 
 “Trust Agreement” means the Restricted Stock Trust Agreement, dated as of April 20, 1994, as amended, or any successor agreement
thereto. 
 “Unforeseeable Financial Emergency” means a severe financial hardship to you resulting from (a) a sudden
and unexpected illness or accident of you, your spouse or any of your dependents (as defined in Section 152(a) of the Code), (b) a loss of your property by reason of casualty or (c) such other extraordinary and unforeseeable financial
circumstances, arising as a result of events beyond your control. The definition of Unforeseeable Financial Emergency and the procedures related to payments in connection therewith shall comply with the applicable provisions of Section 409A as
reasonably construed by the Hardship Committee. 
 (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. 
 11.     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 of the Company 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 

  

 -9- 

  

 
compliance with all applicable laws and regulations of governmental authority. 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 reserves the right, at any time, to (i) amend, modify, cancel or rescind without your consent any or all of the terms and conditions of the Plan and this Agreement or (ii) terminate the Plan, to the extent the Committee
determines necessary to (A) comply with any applicable law, regulation, ruling or other regulatory guidance, including, without limitation, Section 409A, or (B) avoid adverse or unintended tax consequences to you 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, this Agreement or action by the Committee
involving you is deemed not to comply with an applicable condition of Rule 16b-3, such provision or action shall be deemed null and void as to you, to the extent permitted by law and deemed advisable by the Committee; provided,
however, that no action shall be taken pursuant to this sentence that could result in adverse or unintended tax consequences to you under Section 409A. Moreover, 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. 
 12.     Change of Control. 
 (a)     Vesting. Upon a Change of Control, your
Units shall be fully vested. 
 (b)     No Deferral of Compensation. If, as of a Change of Control, your Units do
not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then 30 days after such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided
in Paragraph 12(d), to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof or your Beneficiary, as the case may be, in accordance with Paragraph 4, in a lump sum. 
 (c)     Deferral of Compensation. If, as of a Change of Control, your Units constitute, either in whole or in part, a deferral
of compensation for purposes of Section 409A or have been cancelled, in whole or in part, pursuant to Paragraph 4(a), then, solely to the extent that such Change of Control is a change of control event within the meaning of Section 409A,
the Committee may, in its discretion, terminate the Plan and, except as otherwise provided in Paragraph 12(d), and without regard to any Deferral Election or Re-Deferral Election, issue in a lump sum to you, your legal representative or other person
designated by an appropriate court as entitled to take receipt thereof or your Beneficiary, as the case may be, in accordance with Paragraph 4, the shares of Common Stock then issuable to you pursuant to this Section 12(c); 

  

 -10- 

  

 
provided, that, such issuance shall be at a time and in a manner that will not result in the imposition on you of adverse or unintended tax
consequences under Section 409A. 
 (d)     Cash In Lieu of Shares. In lieu of shares of Common Stock
issuable pursuant to Paragraphs 12(b) and 12(c), as the case may be, 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 Paragraphs 12(b) and 12(c), as the case may be. 
 13.     Effect of
Acknowledgement. In order to receive the award described in this Agreement, you must acknowledge receipt of the Agreement as soon as reasonably practicable by using the applicable procedure established by the Committee for such purpose. By
acknowledging receipt in accordance with this Paragraph 13, you are agreeing to the terms and conditions of this Agreement and to amendment of any prior award agreement from the Company relating to stock units that were not earned and vested as of
December 31, 2004 to incorporate terms and conditions that are substantially similar to those set forth in this Agreement. 
  

			
	 WYETH

		
	 By:
	 	  
		 	

  

									
	ACCEPTED AND AGREED TO:	 		 	
			
	  	 		 	  
	Name (Please Print)	 		 	Social Security Number
			
	  	 		 	  
	Signature	 		 	Date of Birth

  

 -11- 

 ANNEX A 
 TERMS AND CONDITIONS OF DEFERRAL ELECTIONS 
 AND RE-DEFERRAL ELECTIONS 
 Any Deferral Elections are subject to Paragraph 4 of this Agreement and the terms and conditions set forth in this ANNEX A. Capitalized terms not defined in this
ANNEX A have the same meanings as in this Agreement. 
  

	1.	Your Deferral Election applies to all shares of Common Stock earned and issuable under this Agreement and must be made on an election form that conforms to this ANNEX A. Your
Deferral Election must be submitted to the Record Keeper as soon as possible and by no later than 30 days from the date of this Agreement or such shorter period as may be required by Section 409A and communicated to you by the Record Keeper.

  

	2.	Once your completed election form has been submitted in accordance with this Agreement and this ANNEX A, your Deferral Election will be irrevocable. 

 

	3.	All Deferral Elections and Re-Deferral Elections shall conform to Section 409A. Notwithstanding anything to the contrary in this ANNEX A, the Company has the right,
without your prior consent, to amend or modify your Deferral Elections and Re-Deferral Elections (including the time and form of payment) to the extent that the Committee deems necessary to avoid adverse or unintended tax consequences to you under
Section 409A. 

  

	4.	If you elect to make a Deferral Election, you must select either a Short-Term Payout or a Retirement Benefit, as described below. Unless otherwise provided in this Agreement, all of
the shares of Common Stock earned and issuable under this Agreement will be issued as of such Payment Date(s) and delivered to you as soon as practicable thereafter. You cannot elect both a Short-Term Payout and a Retirement Benefit Payout.

  

	 	a.	A Short-Term Payout is a lump-sum distribution of all such shares of Common Stock issued as of the Payment Date you select, which can be no earlier than the first business
day of the month following the date that is three and no more than fifteen years after the Conversion Date. Additionally, the Payment Date for your Short-Term Payout can be no later than the end of the calendar year in which you attain age 80.

  

	 	b.	A Retirement Benefit is a distribution of all such shares of Common Stock in the form of either a lump sum or annual installments (over 3 to 15 years) issued as of the first
business day of the month following your Retirement or a later date that is one or more years after your Retirement. To the extent permitted by Section 409A, installments will be treated as a single payment form. You must elect a Payment Date that
results in all shares earned and issuable under this Agreement being issued to you no later than the end of the calendar year in which you attain age 80. Any earned and unissued shares will be issued to you by the end of such calendar year,
notwithstanding your election. 

  

 A-1 

  

	5.	The following additional rules apply to Deferral Elections and Re-Deferral Elections: 

  

	 	a.	If you make a Deferral Election or Re-Deferral Election to receive the shares earned and issuable to you under this Agreement as a Retirement Benefit issued in installments, each
installment after the first installment will be paid on the first business day of the month following the anniversary of your Retirement. 

  

	 	b.	If you make a Deferral Election or Re-Deferral Election to receive the shares earned and issuable to you under this Agreement as a Retirement Benefit issued in installments, and the
first installment is delayed pursuant to Paragraph 5(e), such installment shall be issued as of the first business day of the month following the six-month anniversary of your Separation from Service. The second installment shall be
issued as of the first business day of the month following the first anniversary of your Separation from Service. 

  

	 	c.	If you make a Deferral Election or Re-Deferral Election to receive the shares earned and issuable to you under this Agreement in a Short-Term Payout, you may make a subsequent
Re-Deferral Election to the extent permitted by Paragraph 4(b) with respect to such shares, as long as you are an employee of the Company or its subsidiaries at the time of such subsequent Re-Deferral Election. 

  

	 	d.	If you make a Deferral Election or Re-Deferral Election to receive the shares earned and issuable to you under this Agreement as a Retirement Benefit, you may make a subsequent
Re-Deferral Election to the extent permitted by Paragraph 4(b) with respect to such shares, as long as (i) issuance of the shares subject to your Deferral Election or prior Re-Deferral Election has not commenced at the time of such
subsequent Re-Deferral Election and (ii) if, prior to such subsequent Re-Deferral Election, you incurred a Separation of Service, it was by reason of Retirement. 

  

	 	e.	If you make a Deferral Election to receive the shares earned and issuable to you under this Agreement as a Retirement Benefit issued in annual installments and then make a
Re-Deferral Election pursuant to Paragraph 4(b), your Re-Deferral Election must be made not less than one year prior to the Payment Date then in effect applicable to the first installment as specified in your Deferral Election (or prior Re-Deferral
Election) and defer issuance for five years from such Payment Date. 

  

 A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]