Document:

Form of Restricted Stock Unit Award Agreement

 Exhibit 10.23 
 WYETH 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 UNDER THE WYETH 2002 STOCK INCENTIVE PLAN 
 DATE OF GRANT: January 23, 2008 
 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 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. 

  

	 	•	 	 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, and such amendment or modification may be effected in a manner that will not result in 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 each Anniversary Date, one-third
of the Units shall be converted to Common Stock and issued to you, unless the Units have been forfeited or previously converted prior to such Anniversary Date in accordance with the terms of this Agreement. 

 4. Issuance and Delivery of Shares of Common Stock; Withholding. 
 (a) Issuance and Delivery; Stockholder Rights. All shares of Common Stock, if any, earned by you under this Agreement that are to be issued to you
as of the Payment Date(s) 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 with respect to such shares, including the right
to vote and the right to receive dividends. Subject to Paragraph 6, the shares of Common Stock to be issued to you pursuant to this Agreement as of a Payment Date shall be delivered to you in a lump sum as soon as practicable after such Payment
Date. 
 (b) Amounts to Be Withheld. 
 (i) FICA Tax Withholding. As of the date(s) on which Medicare and Social Security taxes with respect to the shares of Common Stock, if any, earned under this Agreement are due, the Company shall issue in your
name and retain a sufficient number of shares of Common Stock earned under this Agreement 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
Common 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. The number of shares of Common Stock that shall be issued
and delivered to you as of the Payment Date(s) shall be (A) the number of such shares that would have been issued as of the Payment Date(s) in the absence of this Paragraph 4(b) minus (B) the number of shares of Common Stock necessary to
satisfy (I) the minimum federal, state, local and foreign income tax withholding obligations that are imposed on the Company by applicable law in respect of the issuance of shares of Common Stock as of the Payment Date(s), (II) the shares
issued in your name pursuant to Paragraph 4(b)(i), (III) with respect to a U.S. Expatriate, the minimum federal, state and local tax withholding obligations pursuant to clauses (B)(I) and (B)(II) of this Paragraph 4(b)(ii) that would have been
imposed on the Company as of the Payment Date(s) if the Participant were not a U.S. Expatriate, and (IV) 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 of Common
Stock to be issued pursuant to Paragraph 4(b)(i) and Paragraph 4(b)(ii)(B), as the case may be, does not equal a whole number of shares, the Company shall increase the number of shares issued for purposes of Paragraph 4(b)(i) and Paragraph
4(b)(ii)(B), as the case may be, to the next whole number of shares. The Fractional Amount shall be (x) reported as ordinary income for the calendar 

  

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year in which such shares are issued and (y) remitted by the Company to the taxing authorities on your behalf to be applied to the federal, state, local
and foreign withholding obligations imposed on the Company with respect to compensation paid to you during the calendar year in which such shares are issued. 
 (iv) Valuation. The value of the shares referred to in this Paragraph 4(b) shall be determined, for the purposes of satisfying the
obligations set forth in this Paragraph 4(b) 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. 
 (c) Compliance with Section 409A. Notwithstanding anything in this Agreement to the contrary, to the extent that the shares of Common Stock, if any, issuable to you under this Agreement (i) constitute
a deferral of compensation within the meaning of Section 409A, (ii) 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 (iii) at the time of such Separation from Service, you are a Specified Employee, then such issuance shall be delayed until the first day of the month following the six month anniversary of your
Separation from Service. 
 5. Separation from Service Other than by Reason of Retirement, Disability or Death. If you incur a
Separation from Service prior to the Fifth Anniversary Date for any reason other than by reason of Retirement, Disability or death, you shall forfeit all rights to all remaining Units granted hereunder that have not been converted into Common Stock
prior to such Separation from Service, 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; provided, however,
that the Committee may provide for a partial or complete exception to this forfeiture requirement as it deems equitable in its sole discretion. 
 6. Separation from Service by Reason of Retirement, Disability or Death. 
 (a) Two Years of Continuous Employment. If
you incur a Separation from Service (i) prior to the Fifth Anniversary Date by reason of Retirement, 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 remaining Units granted hereunder that have not been converted into Common Stock prior to such Separation from Service shall be fully
vested. The shares of Common Stock in settlement of such Units, if earned, 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 accordance with Paragraph 4, in a lump sum as of the tenth day of the month following the month in which you incur a Separation from Service by reason of Retirement, Disability or death. 
 (b) Less than Two Years of Continuous Employment. If you incur a Separation from Service (i) prior to the Third Anniversary Date by reason of
Retirement, Disability or death and (ii)

  

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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 remaining Units granted hereunder that have not been converted into Common Stock prior to such Separation from Service, 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. 
 7. 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
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 7 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 is authorized to make a determination under this Agreement, all such determinations shall be in the sole discretion of the Committee or its delegates. 
 8. Definitions and Rules of Construction. 
 (a) Definitions. 
 “Applicable Transition Relief” means the following transition guidance, as applicable, with respect to the application of
Section 409A: (i) I.R.S. Notice 2005-1, I.R.B. 274 (published as modified on January 6, 2005), (ii) Section XI.C. of the preamble to the proposed Treasury Regulations under Section 409A (70 F.R.
57930; October 4, 2005), (iii) I.R.S. Notice 2006-79, I.R.B. 2006-43, and I.R.S. Notice 2007-86, I.R.B. 2007-46. 
 “Agreement” means this Restricted Stock Unit Award Agreement under the Plan, including each annex attached hereto, which shall replace any other Restricted Stock Unit Award Agreements that were previously delivered to you
with a Date of Grant that is the same as the Date of Grant indicated on the first page of this Agreement. 
 “Anniversary
Date” means any of the Third Anniversary Date, the Fourth Anniversary Date and the Fifth Anniversary Date. 
 “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 

  

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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. 
 “Date of Grant” means the date indicated on the first page of this Agreement. 
 “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 Administrator. 
 “Fifth Anniversary Date” means the date that is the fifth anniversary of the Date of Grant, which
anniversary is, subject to Paragaraph 6, the Payment Date as of which the third one-third of the shares of Common Stock are issued to you in accordance with the terms of this Agreement. 
 “Fourth Anniversary Date” means the date that is the fourth anniversary of the Date of Grant, which anniversary is, subject to
Paragaraph 6, the Payment Date as of which the second one-third of the shares of Common Stock are issued to you in accordance with the terms of this Agreement. 
 “Fractional Amount” means the cash amount equal to the difference between the value of the number of whole shares of Common Stock issued pursuant to Paragraph (4)(b)(i) and Paragraph
(4)(b)(ii)(B), as the case may be, and the value of the number of whole and fractional shares of Common Stock required to be issued pursuant to Paragraph (4)(b)(i) and Paragraph (4)(b)(ii)(B), as the case may be. For purposes of this
definition, the value of the shares of Common Stock shall be determined in accordance with Paragraph 4(b)(iv). 
 “Payment
Date” means each Anniversary Date or such earlier date determined pursuant to Paragraph 6 as of which the shares of Common Stock are issued to you in accordance with the terms of the Agreement. 
 “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. 
  

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 “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. 
 “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. 
 “Third Anniversary Date” means the date that is the third anniversary of the Date of Grant, which anniversary is, subject to Paragaraph 6, the Payment Date as of which the first one-third of the shares of Common Stock are
issued to you in accordance with the terms of this Agreement. 
 “U.S. Expatriate” means a Participant who is a United
States taxpayer temporarily working on assignment outside of the United States and who is subject to a tax equalization agreement that authorizes the Company to withhold federal, state and local income taxes on any payment under this Agreement.

  

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 (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. 
 9. 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 compliance
with all applicable laws and regulations of governmental authority. To the extent any provision of the Plan or this Agreement or action by the Company involving you is deemed not to comply with 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. 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 Common 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. 
 10. 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 10(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. 
  

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 (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, then, solely to the extent that such Change of Control is a change of control event within the meaning of the applicable default provisions set forth in Treasury
Regulation Section 1.409A-3(i)(5) (or the successor regulation thereto), the Committee may, in its discretion, terminate the Plan in accordance with Section 409A and, except as otherwise provided in Paragraph 10(d), 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 Paragraph 10(c); 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 10(b) and 10(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 10(b) and 10(c), as the case may be.

 11. 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

  

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 ANNEX A 
 ADMINISTRATIVE FEE  
 Wyeth RSU 
  

				
	 # Shares Earned
	  	Fee
	 1,001 +
	  	$	75
	 501-1,000
	  	$	40
	 101-500
	  	$	20
	 10-100
	  	$	5Wyeth 1994 Restricted Stock Plan for Non-Employee Directors

 Exhibit 10.25 
 Wyeth 
 1994 RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS 
 (Initially approved by stockholders on April 20, 1994, and including amendments through December 5, 2007) 
 Section 1. Purpose. The purpose of the Restricted Stock Plan for Non-Employee Directors of Wyeth is to attract and retain qualified persons who
are not employees or former employees of the Company or any of its subsidiaries or affiliates for service as members of the Board of Directors by granting such Directors shares of the Company’s Common Stock, which are restricted in accordance
with the terms and conditions set forth below, and thereby encouraging ownership in the Company by non-employee Directors. 
 Section 2.
Definitions. Whenever used herein, unless the context otherwise indicates, the following terms shall have the respective meaning set forth below: 
 Act: The Securities Exchange Act of 1934, as amended. 
 Applicable Transition Relief:
The following transition guidance, as applicable, with respect to the application of Section 409A: (a) I.R.S. Notice 2005-1, I.R.B. 274 (published as modified on January 6, 2005), (b) Section XI.C. of the preamble to the
proposed Treasury Regulations under Section 409A, (70 F.R. 57930; October 4, 2005), (c) I.R.S. Notice 2006-79, I.R.B. 2006-43 and (d) I.R.S. Notice 2007-86, I.R.B. 2007-46. 
 Board Membership: The period of time during which a person serves on the Board of Directors, regardless of whether occurring before or after the
Effective Date. 
 Board of Directors (or Board): The Board of Directors of the Company. 
 Code: The Internal Revenue Code of 1986, as amended, and any applicable rulings and regulations promulgated thereunder. 
 Committee: The Compensation and Benefits Committee of the Board of Directors appointed to administer the Plan in accordance with Section 7
hereof. 
 Common Stock: Common Stock, par value $.33 1/3 per share, of the Company. 
 Company: Wyeth or any successor to it in ownership of substantially all of its assets, whether by merger, consolidation or otherwise. 

Director: Any member of the Board of Directors. 
 Disability: A medically determinable physical or mental impairment which renders a participant substantially unable to function as a Director. 
 Effective Date: The date specified in Section 10 hereof. 
 Eligible Director (or Non Employee Director): Any Director who is not an employee or former employee of the Company or any of its subsidiaries or affiliates and who is elected as a Director prior to
January 1, 2006. 
 Participant: Each Director to whom Restricted Stock is granted under the Plan. 

 Plan: The 1994 Restricted Stock Plan for Non-Employee Directors of Wyeth. 
 Restricted Period: The period of time from the date of grant of the Restricted Stock until the earliest to occur of the events described in
Section 4(b) hereof. 
 Retirement Benefit: A normal benefit payable under the Retirement Plan. 
 Retirement Plan: The Wyeth Retirement Plan for Outside Directors, as amended. 
 Restricted Stock: (a) Common Stock granted under the Plan or (b) units that are settled in shares of Common Stock at the rate of one
share of Common Stock for each unit granted, and which, in either case, are subject to restrictions in accordance with Section 4 hereof. Restricted Stock that is earned and vested (for purposes of Section 409A of the Code) as of
December 31, 2004 shall be separately tracked. 
 Section 409A: Section 409A of the Internal Revenue Code of
1986, as amended, and the rulings and regulations thereunder. 
 Section 409A Compliance: This term has the meaning set forth in
Section 8. 
 Specified Employee: (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. 
 Termination of Board
Membership: (a) The date on which the Board Membership of a Participant terminates, provided that such termination constitutes a separation from service from the Company and its affiliates that meets the requirements of the default
provisions of Treasury Regulation Section 1.409A-1(h) or the successor thereto or (b) such later date on which the Participant incurs a separation from service from the Company and its affiliates that meets the requirements of the default
provisions of Treasury Regulation Section 1.409A-1(h) or the successor thereto. 
 Year of Board Membership: 365 consecutive days
of Board Membership. 
 Section 3. Eligibility and Grants. 
 (a) Grants. To be eligible to participate in the Plan, a Director must not be an employee or former employee of the Company or any of its
subsidiaries or affiliates. Each Eligible Director on the Effective Date of the Plan shall receive a grant of eight hundred (800) shares of Restricted Stock. In addition, each person who becomes an Eligible Director for the first time after the
Effective Date of the Plan shall also receive a grant of eight hundred (800) shares of Restricted Stock, effective as of the date of such person’s election as an Eligible Director. Thereafter, each Eligible Director shall be granted eight
hundred (800) shares of Restricted Stock for each subsequent Year of Board Membership, up to a maximum of four thousand (4,000) shares of Restricted Stock per Eligible Director. Notwithstanding anything to the contrary contained in this
Plan, if a Participant shall terminate service as a Director due to death or Disability prior to having been granted the maximum number of shares of Restricted Stock hereunder and provided the Participant is not then eligible for a Retirement
Benefit under the Retirement Plan, then such Participant, or such Participant’s beneficiary or estate, as the case may be, shall be 

  

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granted additional shares of Restricted Stock which together with the shares previously granted under the Plan will equal such maximum number of shares and
all restrictions applicable to such shares shall lapse on the later of the date of such termination of service or six months after the date of grant. If required by the Committee, each grant of Restricted Stock shall be evidenced by a written
agreement duly executed by or on behalf of the Company and the Participant. 
 (b) Number of Shares. The total number of shares of
Restricted Stock which may be granted under the Plan shall not exceed 100,000. The shares may be authorized and unissued or issued and reacquired shares, as the Board of Directors from time to time may determine. Shares of Restricted Stock that are
forfeited before the restrictions lapse shall be available for subsequent grants of Restricted Stock under the Plan. 
 (c)
Non-Consecutive Terms. An Eligible Director who is elected to non-consecutive terms of Board Membership shall receive additional grants of shares of Restricted Stock at the time of such re-election to the Board and thereafter as provided in
Section 3, provided that the amounts so granted, when aggregated with the number of shares of Restricted Stock previously granted to such Director with respect to which the restrictions thereon shall have lapsed, does not exceed four thousand
(4,000) shares. 
 Section 4. Terms and Conditions of Restricted Stock. The restrictions set forth in this section shall apply to
each grant of Restricted Stock for the duration of the Restricted Period. 
 (a) Restrictions. Subject to Section 4(d), a stock
certificate representing the number of shares of Restricted Stock granted shall be registered in the Participant’s name but shall be held in custody by the Company for the Participant’s account. The Participant shall have all rights and
privileges of a stockholder as to such Restricted Stock, including the rights to vote and to receive dividends, except that, subject to the provisions of Sections 3(a) and 4(b), the following restrictions shall apply: (i) the Participant shall
not be entitled to delivery of the certificate until the expiration of the Restricted Period; (ii) none of the shares of Restricted Stock may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the Restricted
Period; (iii) the Participant shall, if requested by the Company, execute and deliver to the Company, a stock power endorsed in blank. The Participant shall forfeit all shares of Restricted Stock with respect to which such restrictions do not
lapse at the end of the Restricted Period. Upon the forfeiture (in whole or in part) of shares of Restricted Stock, such forfeited shares shall become treasury shares of the Company without further action by the Participant. The Participant shall
have the same rights and privileges, and be subject to the same restrictions, with respect to any shares received pursuant to Section 6. 
 (b) Events. The Restricted Period shall end upon the first to occur of the following events: 
 (i) Five Years
of Service. The Participant completes at least five (5) years of service from the date of the initial grant of Restricted Stock to the Participant under the Plan. 
 (ii) Disability. The Participant incurs a Termination of Board Membership by reason of Disability; provided, however, that if the
Participant is at such time entitled to a Retirement Benefit, then the Restricted Period shall be deemed not to have lapsed. In such case, all shares of Restricted Stock will be forfeited. 
 (iii) Death. The Participant incurs a Termination of Board Membership by reason of death; provided, however, that if the Participant is at
such time entitled to a Retirement Benefit, then the Restricted Period shall be deemed not to have lapsed. In such case, all shares of Restricted Stock will be forfeited. 
 (c) Delivery of Restricted Stock. At the end of the Restricted Period as herein provided, subject to Section 3(a), a stock certificate for the number of shares of Restricted Stock with respect to which the
restrictions have lapsed shall be delivered, free of all such restrictions, to the Participant or the Participant’s beneficiary or estate, as the case may be, subject to the withholding requirements of Section 9 hereof. The Company shall
not be required to deliver any fractional share of Common Stock but will pay, in lieu thereof, the fair market value (measured as of the date the restrictions lapse) of such fractional share to the Participant or the Participant’s beneficiary
or estate, as the case may be. 
  

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 (d) Deferral Elections. Notwithstanding the foregoing, a Participant may make an irrevocable
election to defer the payment of shares of Common Stock which he or she otherwise would have received from the Plan by completing a deferral election form provided by the Company. Any such deferral election shall be subject to the following rules
and procedures: 
 (i) Units. The Restricted Stock which is subject to the deferral election shall be denominated as stock
units. 
 (ii) Restricted Stock Trust. As soon as practicable following the date of grant, the Company shall contribute a
number of shares of Common Stock corresponding to the number of units subject to the deferral election to the Restricted Stock Trust, subject to the claims of the Company’s creditors, until delivered to the Participant in accordance with the
terms of the Plan and the deferral election. The trustee of the Restricted Stock Trust, and not the Participant, shall be the legal owner of the shares of Common Stock held in the Restricted Stock Trust, including, without limitation, for purposes
of voting and dividends. 
 (iii) Timing of Election. The deferral election with respect to Restricted Stock that is earned
and vested (for purposes of Section 409A of the Code) after December 31, 2004 shall be made during the thirty-day period immediately following the date on which the individual first becomes an Eligible Director. All deferral elections
shall be made on the form provided by the Committee for purposes of such election. A deferral election shall be irrevocable as of the last day of the election period specified in this Section 4(d)(iii). 
 (iv) Payment Options. A Participant’s deferral election shall provide that payment of the shares of Common Stock for which the
Participant may become eligible under the Plan shall be deferred until the first day of the month following the month in which the Participant’s Termination of Board Membership occurs. The deferral election shall further provide that payment of
the shares of Common Stock shall be in one of the following payment forms: 
 (A) single lump sum; or 
 (B) two to ten substantially equal annual installments, with the first such installment commencing on the first day of the month following
the month in which the Participant incurs a Termination of Board Membership and with each subsequent installment delivered on the first day of the month following the anniversary of such cessation of Board Membership; provided,
however, that, in the event a Participant incurs a Termination of Board Membership due to his or her death prior to delivery of all of the shares of Common Stock subject to prior awards under the Plan for which the Restricted Period has
lapsed, such remaining shares shall be delivered to the Participant’s beneficiary (or if no beneficiary has been designated, the Participant’s estate) on the first day of the month following his or her date of death. 
 If a Participant does not specify the payment form in his deferral election, the shares of Common Stock shall be delivered in a lump sum on the first day of the month
following his or her Termination of Board Membership. 
 (v) Transition. A Participant shall be permitted to make, by no later
than December 31 2007, a deferral election in accordance with the Applicable Transition Relief for Restricted Stock to be granted to him or her under the Plan on or after January 1, 2005; provided that such election shall not cause
any Restricted stock to be delivered to the Participant in the calendar year in which such election is made that would not otherwise be delivered in such calendar year and shall not apply to any Restricted Stock that would otherwise be deliverable
in the calendar year in which the election is made. Any election pursuant to this Section 4(d)(v) shall become irrevocable as of the deadline established by the Committee which shall be no later than December 31, 2007. 
 Except as to the timing requirements of Section 4(d)(iii), each such election pursuant to this Section 4(d)(v) shall comply with the terms of this
Section 4(d). To the extent that any Participant receives in 2005 a distribution of all, or any portion of, any Restricted Stock that is not earned and vested as of December 31, 2004 and that is subject to a prior deferral election, such
distribution shall be deemed a termination of such Participant’s participation in the Plan with respect to all or such portion of such Restricted Stock, in accordance with the Applicable Transition Relief. 
  

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 (vi) Delay for Specified Employees. Notwithstanding anything in Section 7 to the
contrary, (A) to the extent that the Restricted Stock is to be issued for any reason other than Termination of Board Membership due to death during the period beginning on the Participant’s Termination from Board Membership and ending on
the six-month anniversary of such date and (B) at the time of such Termination of Board Membership, the Participant is a Specified Employee, then such issuance shall be delayed until the first day of the month following the six-month
anniversary of the Termination of Board Membership. 
 Section 5. Regulatory Compliance and Listing. If the Committee reasonably
anticipates that issuance of or delivery of any shares of Restricted Stock would violate Federal securities laws or other applicable law, the issuance or delivery of such shares of Restricted Stock may be postponed by the Company for such period as
may be required to comply with any applicable requirements under the federal securities laws, any applicable listing requirements of any national securities exchange or any requirements under any other law or regulation applicable to the issuance or
delivery of such shares and the Company shall not be obligated to issue or deliver any such shares if the issuance or delivery thereof shall constitute a violation of any provision of any law or any regulation of any governmental authority or any
national securities exchange; provided that such postponement may be effected in a manner that will result in Section 409A Compliance. In the event of a postponement pursuant to this Section 5, the Restricted Stock shall be issued as of
the earliest date the Committee reasonably anticipates that issuance of the Restricted Stock will not cause any such violation. 
 Section
6. Adjustments. In the event of a recapitalization, stock split, stock dividend, combination or exchange of shares, merger, consolidation, rights offering, separation, reorganization or liquidation, or any other change in the corporate structure
or shares of the Company, the Committee may make such equitable adjustments, to prevent dilution or enlargement of rights, as it may deem appropriate in the number and class of shares authorized to be granted hereunder. 
 Section 7. Administration. The Plan shall be administered by the Compensation and Benefits Committee, consisting of three or more Directors each
of whom shall be a “disinterested Director” within the meaning of Rule 16b-3 under the Act. All determinations of the Committee shall be conclusive. The Committee may obtain such advice or assistance as it deems appropriate from persons
not serving on the Committee. 
 Section 8. Termination or Amendment. The Board may at any time terminate the Plan and may from time
to time alter or amend the Plan or any part thereof (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Section 5), provided, however, that, unless otherwise required by
law or necessary to ensure Section 409A Compliance, the rights of a Participant with respect to shares of Restricted Stock granted prior to such termination, alteration or amendment may not be impaired without the consent of such Participant
and, provided further, without the approval of the Company’s stockholders, no alteration or amendment may be made which would (a) increase the aggregate number of shares of Restricted Stock that may be granted under the Plan (except by
operation of Section 6), or (b) change the category of Directors eligible to receive shares of Restricted Stock under the Plan. Solely with respect to stock units that are not earned and vested (for purposes of Section 409A) as of
December 31, 2004 and that are subject to a prior deferral election, the termination of the Plan shall not result in any accelerated conversion of such stock units, or payment of the converted Restricted Stock, unless the Board determines to
accelerate payment and such acceleration may be effected in a manner that will not cause any person to incur taxes, interest or penalties under Section 409A (“Section 409A Compliance”). Notwithstanding the foregoing, the Plan shall
not be amended more than once every six months, other than to comport with changes in the Internal Revenue Code, the Employee Retirement Income Security Act or the rules thereunder. The Company intends that the Plan and the grants of Restricted
Stock hereunder shall comply with the conditions of Rule 16b-3 of the Act and qualify for the exemption from Section 16(b) of the Act as a “formula plan”. Should any provisions hereof not be necessary in order to comply with the
requirements of such Rule or should any additional provisions be necessary in order to so comply, the Board of Directors may amend the Plan accordingly, without the necessity of obtaining the approval of the Company’s stockholders. 

 

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 Section 9. Miscellaneous. 
 (a) Right to Re-Election. Nothing in the Plan shall be deemed to create any obligation on the part of the Board to nominate any Director for
re-election by the Company’s stockholders, nor confer upon any Director the right to remain a member of the Board of Directors. 
 (b)
Withholding and Responsibility For Taxes. The Company shall satisfy any federal, state, local and foreign tax withholding obligation required by law by reducing the number of shares of Common Stock otherwise deliverable to the Participant or
the Restricted Stock Trust, as the case may be. To the extent no taxes are required to be withheld on the delivery of the shares of Common Stock to the Participant or the Restricted Stock Trust, the Participant shall be responsible for the payment
of all applicable taxes. 
 (c) Governing Law. This Plan shall be governed by the law of the State of Delaware and in accordance with
such federal laws as may be applicable. 
 (d) Construction. Wherever any words are used herein in the masculine gender they shall be
construed as though they were also used in the feminine gender in all cases where they would so apply, and wherever any words are used herein in the singular form they shall be construed as though they were also used in the plural form in all cases
where they would so apply. References to sections are references to sections in the Plan unless otherwise provided. 
 Section 10.
Effective Date. The Plan was submitted to the stockholders of the Company for their approval at the Annual Meeting of Stockholders held on April 20, 1994. The Plan became effective upon the affirmative vote of the holders of a majority of
the shares of Common Stock present, or represented, and entitled to vote at the meeting. 
 Section 11. Change in Control. Upon the
occurrence of a Change in Control, Restricted Stock that was previously granted under the Plan (which has not previously been forfeited) will become vested, and the Restricted Period with respect to such Restricted Stock will be deemed to have
ended. Outstanding Restricted Stock that does not constitute a deferral of compensation within the meaning of Section 409A shall be delivered in accordance with this Section 11. Outstanding Restricted Stock that constitutes a deferral of
compensation within the meaning of Section 409A shall be delivered in accordance with Section 4, unless the Change in Control is a change in control event within the meaning of the default provisions of Section 409A, in which case the
Restricted Stock shall be delivered in accordance with this Section 11. On the day following the Change in Control, the value of the outstanding Restricted Stock to be delivered in accordance with this Section 11 shall be delivered to the
Participant in a lump sum (net of applicable federal, state, local and foreign income and employment taxes, if any) with the value of such Restricted Stock based upon the highest price per share of Common Stock received or to be received by other
stockholders of the Company in connection with the Change in Control; provided, however, that if such Change in Control occurs in 2007, such lump sum in respect of any Restricted Stock that constitutes a deferral of compensation within
the meaning of Section 409A shall be distributed on January 2, 2008. A Change in Control will be deemed to have occurred if the criteria set forth in the following paragraph (a), (b) or (c) are satisfied. 
 (a) any person or persons acting in concert (excluding Company benefit plans) becomes the beneficial owner of securities of the Company having at least
20% of the voting power of the Company’s then outstanding securities (unless the event causing the 20% threshold to be crossed is an acquisition of voting common securities directly from the Company); or 
 (b) the consummation of any merger or other business combination of the Company, sale or lease of the Company’s assets or combination of the
foregoing transactions (the “Transactions”) other than a Transaction immediately following which the shareholders of the Company who owned shares immediately prior to the Transaction (including any trustee or fiduciary of any Company
employee benefit plan) own, by virtue of their prior ownership of the Company’s shares, at least 65% of the voting power, directly or indirectly, of (a) the surviving corporation in any such merger or other business combination;
(b) the purchaser or lessee of the Company’s assets; or (c) both the surviving corporation and the purchaser or lessee in the event of any combination of Transactions; or 
  

 6 

 (c) within any 24 month period, the persons who were directors immediately before the beginning of such
period (the “Incumbent Directors”) shall cease (for any reason other than death) to constitute at least a majority of the Board or the board of directors of a successor to the Company. For this purpose, any director who was not a director
at the beginning of such period shall be deemed to be an Incumbent Director if such director was elected to the Board by, or on the recommendation of or with the approval of, at least two-thirds of the directors who then qualified as Incumbent
Directors (so long as such director was not nominated by a person who has expressed an intent to effect a Change in Control or engage in a proxy or other control contest). 
 Section 12. Section 409A. The Committee shall have the discretionary authority to amend, modify, cancel or rescind the Plan, without the
Participant’s consent, solely to the extent that any such action may be effected in a manner that will result in Section 409A Compliance. The Committee shall not have the discretionary authority to accelerate or delay issuance of any
Restricted Stock that constitutes a deferral of compensation within the meaning of Section 409A, except to the extent that the Committee determines, in its discretion, that any such action may be effected in a manner that will result in
Section 409A Compliance. Any determinations under this Section 12 shall be final, conclusive and binding on all persons. 
  

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