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Annual Retainer Unit Award Plan

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Sectors: Biotechnology / Pharmaceuticals
Effective Date: March 01, 2006
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EXHIBIT 10(22)

PFIZER INC ANNUAL RETAINER UNIT AWARD PLAN

(Effective April 1996) (Effective as of March 1, 2006, no further unit awards will be granted under this Plan)

(Amended Effective March 1, 2006.)

(Amended Effective January 1, 2009)

1. Restricted Units . Each year, effective as of the date of the annual meeting of shareholders, each director who is not an employee of Pfizer Inc (the " Company" ) or any of its subsidiaries, shall receive the share equivalent of his or her annual retainer in restricted units. The appropriate number of units shall be based upon the five-day average of the closing trading price of the Common stock of the Company on the New York Stock Exchange for the first five days of trading after April 1 of each year. The number of units shall be rounded up to the nearest unit. All such units shall be referred to as the " Restricted Units." Effective as of March 1, 2006, no further Restricted Units will be granted under this Plan.

2. Investment . All Restricted Units shall be held in the general funds of the Company and shall be credited to the director' s account. The director' s account shall be credited with the number of Restricted Units received on the date specified in Paragraph 1.

3 Dividends . (A) Whenever a dividend is declared, the number of Restricted Units in the director' s account shall be increased by the result of the following calculations: 1) the number of Restricted Units in the director' s account (including any increase in units due to deferred dividends) multiplied by any cash dividend declared by the Company on a share of its common stock, divided by the closing market price of such common stock on the related dividend record date; and/or 2) the number of Restricted Units in the director' s account multiplied by any stock dividend declared by the Company on a share of its common stock. In the event of any change in the number or kind of outstanding shares of common stock of the Company including a stock split or splits, other than a stock dividend as provided above, an appropriate adjustment shall be made in the number of Restricted Units credited to the director' s account.

(B) Solely as to the Restricted Units granted, earned and vested prior to January 1, 2005 (within the meaning of section 409A of the Internal Revenue Code of 1986, as amended (the " Code" ), and regulations thereunder (" Section 409A" )), a director may elect to receive directly in cash without deferral the value of any cash dividend, declared by the Company on a share of its common stock, in lieu of having his or her account credited as specified above in Paragraph 3(A). Any such election shall be made, and may also be terminated, by written notice
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