Company: CLX
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001206774-25-000433
Chunk: 5

Company: CLOROX CO /DE/
Filing Date: 2025-06-26
Form: 11-K
Chunk 5
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 Company
Employee Retirement Investment Plan for Puerto Rico (“the Plan”) provides only general information. Participants should refer
to the Plan document for a more complete description of the Plan’s provisions.

General

The Plan is a defined contribution plan covering
most salaried and hourly production employees of Clorox Manufacturing Company of Puerto Rico, Inc. (the “Company”) and those
affiliates of the Company that adopt the Plan for the benefit of their Puerto Rico resident employees (the “Companies”), except
for (i) leased employees and (ii) non-resident aliens with no Puerto Rico source of income, unless such coverage is specified in the written
agreement. Participants are eligible to participate on the first day of employment following completion of one hour of service with the
Companies. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
The Employee Benefits Committee (the “Committee”) administers the Plan. Banco Popular de Puerto Rico serves as the Plan’s
trustee. Vanguard Group, Inc. (“Vanguard”) serves as the Plan’s record-keeper
and custodian.

The Companies maintain a non-leveraged employee
stock ownership plan (the “ESOP”). The ESOP is maintained as part of the Plan and is designed to invest primarily in the Company’s
common stock. If elected, the participants can choose to (i) reinvest the dividends or (ii) receive the dividends in cash. No participant
shall be permitted to direct more than 5% of the contributions to be made to the Plan on his or her behalf in the ESOP fund; and no participant
shall be permitted to effect a transfer or exchange from another investment fund into the ESOP fund if the portion of the participant’s
account invested in the ESOP fund would exceed 5% of his or her account balance immediately after such transfer or exchange.

Contributions

Participants may contribute up to 20% of their
covered compensation, up to 10% on a pre-tax and after-tax basis, respectively, as defined in the Plan. Generally, covered/eligible compensation
consists of regular pay plus most bonuses, overtime and vacation pay.

Pre-tax contributions are subject to a $15,000
limit specified under the Puerto Rico Internal Revenue Code of 2011, as amended, (the “Code”).

Newly eligible participants who do not make a
salary deferral contribution election, or fail to elect to decline a deferral