Common use of Separation From Service Other Than by Reason of Retirement Disability or Death Forfeiture Default Payment Clause in Contracts

Separation From Service Other Than by Reason of Retirement Disability or Death Forfeiture Default Payment. If you incur a Separation from Service prior to the Conversion Date for any reason other than Retirement, Disability or death, you shall forfeit all rights to all Units granted hereunder 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.

Appears in 3 contracts

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

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Separation From Service Other Than by Reason of Retirement Disability or Death Forfeiture Default Payment. If you incur a Separation from Service prior to the Conversion Date for any reason other than by reason of Retirement, Disability or death, you shall forfeit all rights to all Units granted hereunder 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.

Appears in 2 contracts

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

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