Document:

Form of Restricted Stock Unit Award Agreement --2002 Stock Incentive Plan

 Exhibit 10.21 
 WYETH 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 UNDER THE WYETH 2002 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 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. 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 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. 
  

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 (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 Third 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 Fifth Anniversary Date by reason of Retirement, Disability or death and (ii) as of the date of your Separation from Service, you have not been in the
continuous employment of the Company or one or more of its Affiliates for the two-year period ending on such Separation 

  

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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 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 

  

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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 Paragraph 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 Paragraph 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. 
 “Record Keeper” means the person or persons identified
from time to time by the Committee to be responsible for the day-to-day administration of the Plan. 
  

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 “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 Paragraph 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. 
 (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. 
  

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 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 upon 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. 
 (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 

  

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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
	  	$	5Form of Deferred Stock Unit Award Agreement (Existing Director)

 Exhibit 10.22 
 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 to 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 earlier of (i) the date that is twelve (12) months from the Date of Grant, or (ii) the day
immediately prior to the next Annual Meeting 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 set forth in this Agreement shall become immediately vested upon the
occurrence of a Change in Control solely to the extent 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 incurs a Termination of Board Membership on account of the Grantee’s death, and if the Grantee has completed at least two years of continuous
Board Membership, all unvested Deferred Stock Units granted under this Agreement and held by the Grantee as of such termination date shall immediately become fully vested. In the event that the Grantee incurs a Termination of Board Membership for
any other reason, all unvested Deferred Stock Units granted under this Agreement and held by the Grantee as of such termination date shall immediately expire and be forfeited without further consideration to the Grantee. 
 4. Distribution Election. The Deferred Stock Unit Award granted under this Agreement shall be distributed following the Grantee’s Termination
of Board Membership in accordance with (i) the Grantee’s Initial Election, filed in connection with the first Deferred Stock Unit Award granted to the Grantee pursuant to the Plan (or the Default Election, if no 

 
timely Initial Election was made) or (ii) the most recent Distribution Election Modification Form applicable to this Deferred Stock Unit Award. The
Grantee may elect to change the time or form of payment for any future Deferred Stock Unit Award by filing a Distribution Election Modification Form, in the form attached hereto as Exhibit A, with the Company. The most recent Distribution Election
Modification Form (or, if none, the Initial Election or Default Election) will remain in effect until the Grantee files in accordance with this Agreement, a Distribution Election Modification Form. A Distribution Election Modification Form may be
filed at any time prior to, and must be filed no later than, December 31, or such earlier date prescribed by the Committee, of the calendar year prior to the calendar year of the date of grant of the Deferred Stock Unit Award with respect to
which the modification is to be effective and will become irrevocable as of such December 31 or earlier date. 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 calendar year of filing of such election, unless and until a new Distribution Election Modification Form is filed with the Company. If the Grantee submits a completed Distribution Modification Election Form that is
not timely or makes a distribution election not otherwise permitted by the Plan, such form will be disregarded, such new election will be ineffective and the Grantee’s election (including the Default Election) in effect at the time that the
Grantee submitted such form will remain in effect. Any election pursuant to this Section 4 may be changed before the last permissible date for filing such election. 
 5. Deferred Unit Account. On the Date of Grant, the Company shall credit the Grantee’s previously 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 allocate the number of shares of Stock
attributable to the Deferred Stock Unit Award to the Grantee’s previously 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 such Dividend Equivalents shall be subject to forfeiture in the same manner as the Deferred Stock Unit Award and, to the extent not forfeited, distributed to the Grantee in the
same form and at the same time as the shares of Stock subject to this Deferred Stock Unit Award. 
  

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 8. Payment of Deferred Stock Unit Awards. 
 (a) 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 Grantee’s Termination of Board Membership. Following such Termination of Board Membership for any reason except death, 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, in a lump sum or in a series of annual installments (net of required withholding for federal, state, local and foreign taxes, if any), as elected by the Grantee pursuant to
the Grantee’s Distribution Election Form or Default Election, as applicable. Upon the death of a Grantee, undistributed shares of Stock attributable to this Deferred Stock Unit Award shall be distributed in a lump sum to the Grantee or the
Grantee’s estate or beneficiary, as applicable (net of required withholding for federal, state, local and foreign taxes, if any), disregarding the election pursuant to Section 4 hereof, on the first day of the month following the
Grantee’s death. 
 (b) Notwithstanding anything in Section 8 to the contrary, (i) to the extent that the shares of Stock
attributable to a Deferred Stock Unit Award are to be issued for any reason other than Termination of Board Membership due to death during the period beginning on the Grantee’s Termination from Board Membership and ending on the six-month
anniversary of such date and (ii) at the time of such Termination of Board Membership, the Grantee 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. 
 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. 
 (a) 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 and subject to this Section 11, 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 

  

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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. Accordingly, if the Committee reasonably anticipates that payment of any Deferred Stock Unit Award would violate Federal securities laws or any other applicable law, the Committee may, in its
discretion, delay payment; provided that such delay may be effected in a manner that will not result in the imposition on any person of taxes, interest or penalties under Section 409A. In the event of such delay, the payment of
the Awards in Stock shall be made as of the earliest date the Committee reasonably anticipates that such issuance will not cause such violation of applicable law or imposition of taxes. 
 (b) 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. 
 13. Change in Control. In
the event of a Change in Control, notwithstanding the vesting schedule set forth above, or any other limitation on vesting, (i) all unvested Deferred Stock Units subject to this Deferred Stock Unit Award shall immediately become 100% vested and
the forfeiture provisions thereon shall lapse and (ii) the shares of Stock attributable to the Grantee’s Deferred Stock Unit Award (including shares attributable to Dividend Equivalents) shall be distributed in accordance with
Section 8 hereof, unless the Change in Control is a Section 409A Change in Control Event. On the day following such Section 409A Change in Control Event any outstanding Deferred Stock Unit Awards shall be cancelled and the Grantee
shall receive, on the first day following such Change in Control, in a lump sum: 
 (a) the value (determined in accordance
with the Plan) of such Deferred Stock Unit Awards distributed in a lump sum (net of required withholding for federal, state, local and foreign taxes); and 
 (b) the value (determined in accordance with the Plan) 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 (net of required withholding for federal, state, local and foreign taxes, if any) distributed in cash. 
  

 4 

 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. The Committee shall have the discretionary authority to amend this Agreement without the Grantee’s prior consent solely to the extent that any such
amendment may be effected in a manner that will not cause any person to incur taxes, interest or penalties under Section 409A (“Section 409A Compliance”). The Committee shall not have the discretionary authority to accelerate
or delay the time of distribution of the shares of Stock attributable to a Grantee’s Deferred Stock Unit Award, except to the extent that any such acceleration or delay may be effected in a manner that will result in Section 409A
Compliance. 
 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] 
  

 5 

 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
	
	  
	Chairman and Chief Executive Officer

  

	
	Accepted and agreed to:
	
	  
	Name (please print)
	
	  
	Signature

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