Common use of RESTRICTED STOCK UNITS AWARD Clause in Contracts

RESTRICTED STOCK UNITS AWARD. The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you on the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) (subject to any tax withholding as described in Section 4). RSUs include the right to receive dividend equivalents as specified in Section 5 (“Dividend Equivalents”). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

RESTRICTED STOCK UNITS AWARD. The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Xxxx Xxxxxxx Nutrition Company (the “Committee”) has granted to you on the Award Date specified in the Grant Summary an Award of RSUs RSUs, as designated herein herein, subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock Xxxx Xxxxxxx Nutrition Company common stock (“Common Stock”) (subject to any tax withholding as described in Section 4). RSUs include the right to receive dividend equivalents Dividend Equivalents as specified in Section 5 (“Dividend Equivalents”)5. The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Companyan Affiliate or Subsidiary, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Companyan Affiliate or Subsidiary.