Common use of Deferral/Re-Deferral Election—Death Clause in Contracts

Deferral/Re-Deferral Election—Death. Notwithstanding anything in this Paragraph 7(b) 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 a Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares, if earned, 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.

Appears in 3 contracts

Samples: Performance Share Award Agreement (Wyeth), Performance Share Award Agreement (Wyeth), Performance Share Award Agreement (Wyeth)

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Deferral/Re-Deferral Election—Death. Notwithstanding anything in this Paragraph 7(b7(b)(ii) to the contrary, if your you incur a Separation from Service is on or after the Conversion Date by reason of death or you die after a Separation from Service by reason of Retirement or Disability, 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, if earned, 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.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Wyeth), Restricted Stock Unit Award Agreement (Wyeth)

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Deferral/Re-Deferral Election—Death. Notwithstanding anything in this Paragraph 7(b7(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, Disability and, in either such case, you have shares of Common Stock subject to a your Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares, if earned, shares shall be issued to your Beneficiary, in accordance with Paragraph 5, 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.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Wyeth)

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