This excerpt taken from the CVS 10-Q filed Nov 3, 2005.
GRANT DATE: AUGUST 5, 2005
(b) In the event Participant ceases to be employed by the Company or any affiliate of the Company by reason of death or disability the Aggregate RSUs not yet vested in accordance with Paragraph 4 will become immediately vested. In addition, to the extent provided in an employment or other agreement with Participant, if Participants employment ceases by reason of a Termination without Cause or a Constructive Termination without Cause (as both shall be defined in such employment or other agreement with Participant) any RSUs not yet vested in accordance with Paragraph 4 shall be immediately vested.
(c) Notwithstanding the above, (i) the provisions of Section 10 of the Plan shall apply in the event of a Change of Control (as defined in such Section 10) and (ii) the provisions of Section 7(e)(iv) of the Plan shall apply.
(d) For purposes of this Section 7, transfer of employment of the Participant from the Company to an affiliate of the Company, transfer between affiliates, or transfer from an affiliate to the Company shall not be treated as a cessation of employment.
¨ In lieu of having the number of Shares underlying the RSUs reduced, I hereby elect to pay to the Company any amount required to be withheld by the Company in connection with the vesting of the RSUs or delivery of Shares pursuant to the Agreement.
If Participant would like to designate a beneficiary to exercise rights under this RSU in the event of Participants death, please complete the designation in the space provided below.