Common use of No Deferral of Compensation Clause in Contracts

No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d), 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.

Appears in 5 contracts

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

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No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon 30 days after such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d), 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.

Appears in 3 contracts

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

No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon 30 days after such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d), 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 54, in a lump sum.

Appears in 2 contracts

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

No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d10(d), 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 54, in a lump sum.

Appears in 2 contracts

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

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No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d), 10(d) 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 54, in a lump sum.

Appears in 2 contracts

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

No Deferral of Compensation. If, as of a Change of Control, your Units do not constitute, either in whole or in part, a deferral of compensation for purposes of Section 409A, then upon 30 days after such Change of Control, the shares of Common Stock in settlement of such Units shall be issued, except as otherwise provided in Paragraph 12(d), 10(d) 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 54, in a lump sum.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Wyeth)

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