Exhibit 10.32
No Deferral
|
|
|
|
|
|
|
WYETH
|
|
|
|
|
RESTRICTED STOCK GRANT
AGREEMENT
|
|
|
|
|
|
UNDER 1994
RESTRICTED STOCK
|
|
|
|
|
PLAN FOR
NON-EMPLOYEE DIRECTORS
|
|
|
|
|
DATED:
[ ,
2007]
|
|
|
|
|
NUMBER OF
SHARES OF RESTRICTED
|
|
|
|
|
STOCK:
800
|
|
|
Under the terms and conditions of
this Agreement and of the 1994 Restricted Stock Plan for
Non-Employee Directors of Wyeth (“Plan”), a copy of
which has been delivered to you and is made a part hereof, the
Company hereby grants to the Director named above the number of
shares of Restricted Stock specified above. Except as provided
herein, the terms used in this Agreement shall have the same
meanings as in the Plan.
1. Rights of Stockholder .
During the Restricted Period, subject to the restrictions of this
Agreement and the Plan, you shall have all rights and privileges of
a stockholder of the Company with respect to the Restricted Stock
including the right to vote such stock and to receive dividends
paid thereon.
2. Non-Transferable . A stock
certificate representing the number of shares of Restricted Stock
granted hereby shall be registered in your name but shall be held
in custody by the Company for your account. You shall not be
entitled to delivery of the certificate until the first business
day of the month following the expiration of the Restricted Period
and, during the Restricted Period, you may not sell, transfer,
assign, pledge, or otherwise encumber or dispose of the Restricted
Stock.
3. Removal of Restrictions .
The restrictions set forth in this Agreement shall lapse on
completion of at least (5) five years of service from the date
of the
