Common use of Cash in Lieu of Shares Clause in Contracts

Cash in Lieu of Shares. In lieu of shares of Common Stock issuable pursuant to Paragraphs 12(b) and 12(c), as the case may be, the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time specified in Paragraphs 12(b) and 12(c), as the case may be.

Appears in 11 contracts

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

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Cash in Lieu of Shares. In lieu of shares of Common Stock issuable pursuant to Paragraphs 12(b10(b) and 12(c10(c), as the case may be, the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time specified in Paragraphs 12(b10(b) and 12(c10(c), as the case may be.

Appears in 6 contracts

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

Cash in Lieu of Shares. In lieu of shares of Common Stock issuable pursuant to Paragraphs 12(b) and 12(cParagraph 10(b), as the case may be, the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time specified in Paragraphs 12(b) and 12(cParagraph 10(b), as the case may be.

Appears in 3 contracts

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

Cash in Lieu of Shares. In lieu of shares of Common Stock issuable in respect of cancelled Units pursuant to Paragraphs 12(b) and 12(cParagraph 11(b), as the case may be, the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time specified in Paragraphs 12(b) and 12(cParagraph 11(b), as the case may be.

Appears in 2 contracts

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

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Cash in Lieu of Shares. In lieu of shares of Common Stock issuable in respect of cancelled Units pursuant to Paragraphs 12(b) and 12(cParagraph 11(b), as the case may be, the Committee may, in its sole discretion, distribute to you an amount, in cash, equal to the value of such shares determined in accordance with Plan provisions. Such amount shall be paid at the time specified in Paragraphs 12(bParagraph 11(b) and 12(cor 11(c), as the case may be.

Appears in 1 contract

Samples: Performance Share Award Agreement (Wyeth)

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