Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 41

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 41
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 annual incentive payment into the Executive Retirement Plan. Clorox contributions vest over a three-year period. Individuals become eligible for retirement under the Executive Retirement Plan upon attainment of (i) 20 years of service with Clorox or (ii) both age 55 and 10 years of service with Clorox, at which time all balances vest in full and after which time new Clorox contributions are immediately vested. Executive Retirement Plan participants may elect distribution in a lump sum or up to 15 annual installments upon a qualifying payment event. Long-Term Incentive Plan Our executive officers are eligible to defer vested PSUs. Executives may defer any portion of vested PSUs, up to 100%. A distribution election is made at the same time an executive makes the election to defer, which is at least one year before the vesting date. Distribution may be elected as a lump sum or up to five annual installments, commencing on separation from service (subject to a minimum of two years after the vesting date) or commencing between two to five years after the vesting date. POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL—FISCAL YEAR 2025 The following table reflects the estimated amount of compensation payable to each of our NEOs upon termination of the NEO’s employment under various scenarios. The amounts in the following table exclude earned amounts such as vested or accrued benefits. The amounts shown are calculated using an assumed termination date of the last business day of the most recently completed fiscal year (June 30, 2025) and the closing price of our common stock on that date ($120.07). Although the calculations are intended to provide reasonable estimates of the potential compensation payable upon termination, they are based on assumptions outlined in the footnotes of the table and may not represent the actual amount the NEO would receive if an eligible termination event were to occur. The table does not include compensation or benefits provided under plans or arrangements generally available to all salaried employees. Amounts reflected for change in control assume that each NEO is involuntarily terminated by Clorox without cause or voluntarily terminates for good reason within two years after a change in control.

| Name               
 and Benefits       |    Involuntary 
    Termination 
  Without Cause |       Involuntary 
 Termination After 
 Change In Control |    Resignation 
             or 
     Retirement |     Disability 
             or 
          Death |
| Linda              
 Rendle             
 Cash               
 Payment            |   7,