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

Deferral/Re-Deferral Election—Disability; Death. If (A) (I) you incur a Separation from Service on or after the Conversion Date by reason of your Disability or your death or (II) after your Separation from Service by reason of Retirement, you die and (B) you have shares of Common Stock subject to a Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares shall be issued to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof, or your Beneficiary, as the case may be, in accordance with Paragraph 5, in a lump sum as of the tenth day of the month following the date of such Separation from Service or your death, as the case may be, 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—Disability; Death. If Notwithstanding anything in this Paragraph 7(a) to the contrary, if (Ax) (I) you incur a your Separation from Service on or after the Conversion Date is by reason of your Disability or your death or (II) you die after your a Separation from Service by reason of Retirement, you die Retirement or Disability and (By) 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 shall be issued to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof, thereof or your Beneficiary, as the case may be, in accordance with Paragraph 5, in a lump sum as of the tenth first day of the month following the date of such Separation from Service or your death, as the case may be, regardless of the Payment Date(s) specified in your Deferral Election or Re-Deferral Election; provided, however, that if you incur such Separation from Service or die in 2007, the shares shall be issued as of January 31, 2008.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Wyeth)

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Deferral/Re-Deferral Election—Disability; Death. If (A) (I) you incur a Separation from Service on or after the Conversion Date by reason of your Disability or your death or (II) you die after your a Separation from Service by reason of Retirement, you die Retirement or Disability and (B) you have shares of Common Stock subject to a Deferral Election or Re-Deferral Election, as the case may be, that have not then been issued to you, such shares shall be issued to you, your legal representative or other person designated by an appropriate court as entitled to take receipt thereof, or your Beneficiary, as the case may be, in accordance with Paragraph 5, in a lump sum as of the tenth first day of the month following the date of such Separation from Service or your death, as the case may be, 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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