Company: CL
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001308179-25-000223
Chunk: 39

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 39
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81,743 | —             |   1,620,654 |

NOTES TO THE NONQUALIFIED DEFERRED COMPENSATION TABLE

| (1) | These                                                                                    
 amounts represent Company contributions allocated under the Supplemental Savings &       
 Investment Plan for 2024. These contributions are also included in compensation reported 
 for each Named Officer in column (i) of the Summary Compensation Table.                  |

| (2) | These                                                                                    
 amounts represent the interest credited to each Named Officer during 2024 and the impact 
 of investment results based on the performance of our Common Stock, as applicable, for   
 amounts allocated under the Supplemental Savings & Investment Plan and, in the case      
 of Mr. Wallace, deferred under the Deferred Compensation Plan. For further information   
 regarding the calculation of interest earnings on these amounts, see above.              |

| (3) | To                                                                                       
 the extent that an executive was a Named Officer for a reported year, these amounts,     
 other than the portion attributable to accrued earnings, were reported in previous proxy 
 statements as compensation in the year of the executive’s deferral (under the Deferred   
 Compensation Plan) or the Company’s contribution (under the Supplemental Savings         
 & Investment Plan), as applicable.                                                       |

Executive Severance and Other Termination Benefits The P&O Committee periodically reviews the appropriateness of the payment and benefit levels provided under the plans and programs described in this section, based on competitive market information and emerging best practices and governance trends. In particular, the Severance Plan is subject to approval by the Board. The Board most recently renewed the Severance Plan in September 2023 for an initial term of three years, subject to automatic extensions of additional one-year terms unless the Board otherwise determines. Severance Plan The Severance Plan is designed to provide participants with reasonable compensation if their employment is terminated following a change in control of the Company. Individual employees are assigned a particular severance level up to the maximum allowed under the plan (24 months) based on grade level.

| 52 |

Executive Compensation Approximately 150 senior executives participate in the Severance Plan, including the Named Officers. In addition to the Severance Plan, we have incorporated other arrangements relating to a change in control into our compensation and benefit plans, as described below. Under the Severance Plan, if at any time within two years of a “change in control” of the Company, we terminate a Named Officer’s employment for any reason other than for cause, or a Named Officer terminates employment due to an adverse