**Exhibit 10(l)**
**CHANGE IN CONTROL EMPLOYMENT AGREEMENT**
           AGREEMENT, dated as of the _____ day of ________________, ________ (this “Agreement”), by and between TheGillette Company, a Delaware****corporation (the “Company”), and ______________****(the “Executive”).
          WHEREAS, the Company has determined that it is in its best interests and that of its stockholders to assure that theCompany will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change ofControl (as defined herein). The Company believes it is imperative to diminish the inevitable distraction of the Executive by virtueof the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive’sfull attention and dedication to the current Company and in the event of any threatened or pending Change of Control, and to providethe Executive with compensation and benefits arrangements upon a Change of Control that ensure that the compensation and benefitsexpectations of the Executive will be satisfied and that are competitive with those of other corporations. Therefore, in order toaccomplish these objectives, the Company has entered into this Agreement.
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
          **Section 1. Certain Definitions.** (a) “Effective Date” means the first date during the Change ofControl Period (as defined herein) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary,if a Change of Control occurs and if the Executive’s employment with the Company is terminated prior to the date on which theChange of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (1) was at therequest of a third party that has taken steps reasonably calculated to effect a Change of Control or (2) otherwise arose inconnection with or anticipation of a Change of Control, then “Effective Date” means the date immediately prior to the dateof such termination of employment.
          (b) “Change of Control Period” means the period commencing on the date hereof and ending on the thirdanniversary of the date hereof; *provided*, *however*, that, commencing on the date one year after the date hereof, and oneach annual anniversary of such date (such date and each annual anniversary thereof, the “Renewal Date”), unlesspreviously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such RenewalDate, unless, at least 60 days prior to the Renewal Date, the Company shall give notice to the Executive that the Change of ControlPeriod shall not be so extended.
          (c) “Affiliated Company” means any company controlled by, controlling or under common control with theCompany.
          (d) “Change of Control” means:
[Revised 10-2004]

          (1) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of theSecurities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (withinthe meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of commonstock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstandingvoting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company VotingSecurities”); *provided*, *however*, that, for purposes of this Section 1(d)(1), the following acquisitions shall notconstitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) anyacquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliated Company or (iv)any acquisition by any corporation pursuant to a transaction that complies with Sections 1(d)(3)(A), 1(d)(3)(B) and 1(d)(3)(C).
          (2) Individuals who, as of December 16, 1999, constituted the Board (the “Incumbent Board”) cease for anyreason to constitute at least a majority of the Board; *provided*, *however*, that any individual becoming a directorsubsequent to December 16, 1999 whose election, or nomination for election by the Company’s stockholders, was approved by avote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual werea member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as aresult of an actual or threatened election contest with respect to the election or removal of directors or other actual orthreatened solicitation of proxies or consents by or on behalf of a Person other than the Board.
          (3) Consummation of a reorganization, merger, consolidation or sale or other disposition of all or substantially all ofthe assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (A) allor substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and theOutstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, morethan 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securitiesentitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such BusinessCombination (including, without limitation, a corporation that, as a result of such transaction, owns the Company or all orsubstantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the sameproportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and theOutstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such BusinessCombination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such BusinessCombination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock ofthe corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities ofsuch corporation, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority ofthe members of the board of directors of the corporation resulting from such Business Combination were members of the IncumbentBoard at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination;or
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          (4) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.
          (e) “Recent Annual Bonus Percentage” means the highest actual annual bonus percentage awarded to the Executiveunder the Company’s annual incentive plan, or any comparable bonus percentage under any predecessor or successor plan, for thelast three full fiscal years prior to the Effective Date.
          (f) “Highest Annual Bonus Percentage” means the higher of (i) the Executive’s Recent Annual BonusPercentage and (ii) the Executive’s Target Bonus percentage under the Company’s Incentive Bonus Plan, or any comparablebonus percentage under any successor plan, for the year in which a Change of Control occurs.
          (g) “Highest Annual Bonus” means an amount equal to the product of (i) the Executive’s Annual Base Salaryat the Date of Termination and (ii) the Highest Annual Bonus Percentage.
          (h) “Bonus Payment Amount” means the amount actually paid to the Executive pursuant to Section 13 of theCompany’s Incentive Bonus Plan or any comparable provision of any successor annual bonus plan.
          **Section 2. Employment Period.******The Company hereby agrees to continue the Executive in its employ,and the Executive hereby agrees to remain in the employ of the Company, subject to the terms and conditions of this Agreement, forthe period commencing on the Effective Date and ending on the second anniversary of the Effective Date (the “EmploymentPeriod”).
          **Section 3. Terms of Employment.** (a) **Position and Duties.** (1) During the Employment Period,(A) the Executive’s position (including status, offices, titles and reporting requirements), authority, duties andresponsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised andassigned at any time during the 120-day period immediately preceding the Effective Date and (B) the Executive’s services shallbe performed at the office or location where the Executive was employed immediately preceding the Effective Date or at any otherlocation less than 35 miles from such office.
          (2) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive isentitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs ofthe Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use theExecutive’s reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period,it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees,(B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so longas such activities do not significantly interfere with the performance of the Executive’s responsibilities as an employee ofthe Company in accordance with this Agreement. It is expressly understood and agreed that, to the extent that any such activitieshave been conducted
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by the Executive prior to the Effective Date,the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to theEffective Date shall not thereafter be deemed to interfere with the performance of the Executive’s responsibilities to theCompany.
          **(b) Compensation.** (1) **Base Salary.** During the Employment Period, the Executive shall receivean annual base salary (the “Annual Base Salary”), which Annual Base Salary shall be paid at a monthly rate at least equalto 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to theExecutive by the Company and the Affiliated Companies in respect of the 12-month period immediately preceding the month in which theEffective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed at least annually, beginning no morethan 12 months after the last salary increase awarded to the Executive prior to the Effective Date. Any increase in the Annual BaseSalary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. The Annual Base Salary shallnot be reduced after any such increase and the term “Annual Base Salary” shall refer to the Annual Base Salary as soincreased.
          **(2) Annual Bonus.** In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscalyear ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash, determined as a percentage ofAnnual Base Salary which shall not be less than the Recent Annual Bonus Percentage. Each such Annual Bonus shall be paid no laterthan the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless theExecutive shall elect to defer the receipt of such Annual Bonus.
          **(3) Incentive, Savings and Retirement Plans.**During the Employment Period, the Executive shall be entitledto participate in all incentive, savings and retirement plans, practices, policies, and programs applicable generally to other peerexecutives of the Company and the Affiliated Companies, but in no event shall such plans, practices, policies and programs providethe Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to theextent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, lessfavorable, in the aggregate, than the most favorable of those provided by the Company and the Affiliated Companies for the Executiveunder such plans, practices, policies and programs as in effect at any time during the 120-day periodimmediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after theEffective Date to other peer executives of the Company and the Affiliated Companies.
          **(4) Welfare Benefit Plans.**During the Employment Period, the Executive and/or the Executive’s family,as the case may be, shall be eligible for participation in and shall receive all benefits under the Company’s Executive LifeInsurance Plan and Estate Preservation Plan, and any other welfare benefit plans, practices, policies and programs provided by theCompany and the Affiliated Companies (including, without limitation, medical, prescription, dental, disability,employee/spouse/dependent life insurance and travel accident insurance plans and programs) to the extent applicable generally toother peer executives of the Company and the Affiliated Companies, but in no event shall such plans, practices, policies andprograms provide
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the Executive with benefits that are less favorable,in the aggregate, than the most favorable of such plans, practices, policies and programs in effect for the Executive at any timeduring the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generallyat any time after the Effective Date to other peer executives of the Company and the Affiliated Companies.
          **(5) Expenses.**During the Employment Period, the Executive shall be entitled to receive promptreimbursement for all reasonable expenses incurred by the Executive in accordance with the most favorable policies, practices andprocedures of the Company and the Affiliated Companies in effect for the Executive at any time during the 120-day period immediatelypreceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect toother peer executives of the Company and the Affiliated Companies.
          **(6) Fringe Benefits.**During the Employment Period, the Executive shall be entitled to fringe benefits,including, without limitation, tax and financial planning services, parking benefits and fitness center membership, in accordancewith the most favorable plans, practices, programs and policies of the Company and the Affiliated Companies in effect for theExecutive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, asin effect generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies.
          **(7) Office and Support Staff.**During the Employment Period, the Executive shall be entitled to an officeor offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, atleast equal to the most favorable of the foregoing provided to the Executive by the Company and the Affiliated Companies at any timeduring the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally atany time thereafter with respect to other peer executives of the Company and the Affiliated Companies.
          **(8) Vacation.**During the Employment Period, the Executive shall be entitled to paid vacation in accordancewith the most favorable plans, policies, programs and practices of the Company and the Affiliated Companies as in effect for theExecutive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, asin effect generally at any time thereafter with respect to other peer executives of the Company and the Affiliated Companies.
          **(9) Effect of Termination.**Notwithstanding anything in this Agreement to the contrary, upon termination ofemployment for any reason, the Employment Period shall cease and the Executive shall have no further right to any of the payments orbenefits described in Sections 2 and 3.
          **Section 4. Termination of Employment.** (a) **Death or Disability.** The Executive’semployment shall terminate automatically if the Executive dies during the Employment Period. If the Company determines in good faiththat the Disability (as defined herein) of the Executive has occurred during the Employment Period (pursuant to the definition
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of “Disability”), it may give to theExecutive written notice in accordance with Section 11(b) of its intention to terminate the Executive’s employment. In suchevent, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice bythe Executive (the “Disability Effective Date”), *provided*that, within the 30 days after such receipt, theExecutive shall not have returned to full-time performance of the Executive’s duties. “Disability” means the absenceof the Executive from the Executive’s duties with the Company on a full-time basis for 180 consecutive business days as aresult of incapacity due to mental or physical illness that is determined to be total and permanent by a physician selected by theCompany or its insurers and acceptable to the Executive or the Executive’s legal representative.
          **(b) Cause.**The Company may terminate the Executive’s employment during the Employment Period forCause. “Cause” means:
     (1) the willful and continued failure of the Executive to perform substantially the Executive’s duties with theCompany or any Affiliated Company (other than any such failure resulting from incapacity due to physical or mental illness), after awritten demand for substantial performance is delivered to the Executive by the Board or the Chief Executive Officer of the Companythat specifically identifies the manner in which the Board or the Chief Executive Officer of the Company believes that the Executivehas not substantially performed the Executive’s duties, or
     (2) the willful engaging by the Executive in illegal conduct or gross misconduct that is materially and demonstrablyinjurious to the Company.
For purposes of this Section 4(b), no act, orfailure to act, on the part of the Executive shall be considered “willful” unless it is done, or omitted to be done, bythe Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests ofthe Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or upon theinstructions of the Chief Executive Officer of the Company or a senior officer of the Company or based upon the advice of counselfor the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the bestinterests of the Company. The cessation of employment of the Executive shall not be deemed to be for Cause unless and until thereshall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less thanthree-quarters of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonablenotice is provided to the Executive and the Executive is given an opportunity, together with counsel for the Executive, to be heardbefore the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct described in Section4(b)(1) or 4(b)(2), and specifying the particulars thereof in detail.
          **(c) Good Reason.**The Executive’s employment may be terminated by the Executive for Good Reason.“Good Reason” means:
     (1) the assignment to the Executive of any duties inconsistent in any respect with the Executive’s position(including status, offices, titles and reporting requirements),
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authority, dutiesor responsibilities as contemplated by Section 3(a), or any other action by the Company that results in a diminution in suchposition, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action nottaken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive;
     (2) any failure by the Company to comply with any of the provisions of Section 3(b), other than an isolated,insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Company promptly after receipt ofnotice thereof given by the Executive;
     (3) the Company’s requiring the Executive to be based at any office or location other than as provided in Section3(a)(1)(B) or the Company’s requiring the Executive to travel on Company business to a substantially greater extent thanrequired immediately prior to the Effective Date;
     (4) any purported termination by the Company of the Executive’s employment otherwise than as expressly permitted bythis Agreement; or
     (5) any failure by the Company to comply with and satisfy Section 10(c).
          For purposes of this Section 4(c), any good faith determination of Good Reason made by the Executive shall beconclusive. Anything in this Agreement to the contrary notwithstanding, a termination by the Executive for any reason during the30-day period immediately following the first anniversary of the Effective Date shall be deemed to be a termination for Good Reasonfor all purposes of this Agreement.
          **(d) Notice of Termination.**Any termination by the Company for Cause, or by the Executive for Good Reason,shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 11(b). “Notice ofTermination” means a written notice that (1) indicates the specific termination provision in this Agreement relied upon, (2) tothe extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of theExecutive’s employment under the provision so indicated, and (3) if the Date of Termination (as defined herein) is other thanthe date of receipt of such notice, specifies the Date of Termination (which Date of Termination shall be not more than 30 daysafter the giving of such notice). The failure by the Executive or the Company to set forth in the Notice of Termination any fact orcircumstance that contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company,respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance inenforcing the Executive’s or the Company’s respective rights hereunder.
          **(e) Date of Termination.**“Date of Termination” means (1) if the Executive’s employment isterminated by the Company for Cause, or by the Executive for Good Reason, the date of receipt of the Notice of Termination or anylater date specified in the Notice of Termination, as the case may be, (2) if the Executive’s employment is terminated by theCompany other than for Cause or Disability, the Date of Termination shall be the date on which
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the Company notifies the Executive of suchtermination, and (3) if the Executive’s employment is terminated by reason of death or Disability, the Date of Terminationshall be the date of death of the Executive or the Disability Effective Date, as the case may be.
          **Section 5. Obligations of the Company upon Termination. (a) Good Reason; Other Than for Cause, Death orDisability.** If, during the Employment Period, the Company terminates the Executive’s employment other than for Cause orDisability or the Executive terminates employment for Good Reason:
     (1) the Company shall pay to the Executive, in a lump sum in cash within 30 days after the Date of Termination, theaggregate of the following amounts:
     (A) the sum of (i) the Executive’s Annual Base Salary through the Date of Termination to the extent not theretoforepaid, (ii) the product of (x) the Highest Annual Bonus and (y) a fraction, the numerator of which is the number of days in thecurrent fiscal year through the Date of Termination and the denominator of which is 365, reduced (but not below zero), if the Dateof Termination occurs in the same fiscal year as the Change of Control, by the Executive’s Bonus Payment Amount, (iii) ifelected by the Executive, any compensation previously deferred by the Executive under the Company’s Supplemental Savings Plan,Incentive Bonus Plan, Deferred Compensation Plan and/or Stock Equivalent Unit Plan (together with any accrued interest or earningsthereon), and (iv) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described insubclauses (i), (ii), (iii) and (iv), the “Accrued Obligations”); and
     (B) the amount equal to the product of (i) three and (ii) the sum of (x) the Executive’s Annual Base Salary and (y)the Executive’s Highest Annual Bonus; and
     (C) if elected by the Executive within 60 days following execution of this Agreement and prior to the Effective Date, inlieu of and substitution for the applicable portion of the Executive’s monthly benefit otherwise payable under the finalparagraph of Article IV, Section 1 or paragraph (a) of Article V, Section 3 of the Company’s Retirement Plan and the finalparagraph of Section 3 of Supplemental Retirement Plan (collectively, the “Retirement Plans”), an amount equal to theexcess of (i) the lump sum actuarial equivalent (utilizing the interest rate and mortality table in effect for lump sumdistributions under the Retirement Plan immediately prior to the Effective Date, and determined assuming benefit commencement as ofthe Date of Termination) of the benefit under the Retirement Plans that the Executive would receive if the Executive’semployment continued for three years after the Date of Termination, assuming for this purpose that all accrued benefits are fullyvested and assuming that the Executive’s compensation in each of the three years is the Annual Base Salary and Highest AnnualBonus, over (ii) the lump sum actuarial equivalent (determined in the same manner as in clause (i) above) of the Executive’sactual benefit (paid or payable), if any, under
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the RetirementPlans as of the Date of Termination without regard to such three years’ compensation and service;
     (2) for three years after the Executive’s Date of Termination, or such longer period as may be provided by theterms of the appropriate plan, program, practice or policy, the Company shall continue welfare benefits to the Executive and/or theExecutive’s family at least equal to those that would have been provided to them in accordance with the plans, programs,practices and policies described in Section 3(b)(4) if the Executive’s employment had not been terminated or, if more favorableto the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and theAffiliated Companies and their families, *provided*, *however*, that, if the Executive becomes reemployed with anotheremployer and is eligible to receive medical or other welfare benefits under another employer provided plan, the medical and otherwelfare benefits described herein shall be secondary to those provided under such other plan during such applicable period ofeligibility. For purposes of determining the Executive’s eligibility for retiree benefits pursuant to such welfare plans,practices, programs and policies, the Executive shall be considered to have remained employed until three years after the Date ofTermination, *provided, however*, that the Executive’s commencement of such retiree benefits shall not be any sooner thanthe Executive’s earliest retirement date under the Retirement Plans;
     (3) the Company shall, at its sole expense as incurred, provide the Executive with outplacement services the scope andprovider of which shall be selected by the Executive in the Executive’s sole discretion; and
     (4) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any otheramounts or benefits required to be paid or provided or that the Executive is eligible to receive under any plan, program, policy orpractice or contract or agreement of the Company and the Affiliated Companies (such other amounts and benefits, the “OtherBenefits”).
          **(b) Death.** If the Executive’s employment is terminated by reason of the Executive’s death duringthe Employment Period, the Company shall have no further obligations to the Executive’s legal representatives under thisAgreement, except for payment of the Accrued Obligations and the timely payment or provision of the Other Benefits. The AccruedObligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of theDate of Termination. With respect to the provision of the Other Benefits, the term “Other Benefits” as utilized in thisSection 5(b) shall include, without limitation, and the Executive’s estate and/or beneficiaries shall be entitled to receive,benefits at least equal to the most favorable benefits provided by the Company and the Affiliated Companiesto the estates and beneficiaries of peer executives of the Company and the Affiliated Companies under such plans, programs,practices and policies relating to death benefits, if any, as in effect with respect to other peer executives and theirbeneficiaries at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to theExecutive’s estate and/or the Executive’s beneficiaries, as in effect on the date of the Executive’s death withrespect to other peer executives of the Company and the Affiliated Companies and their beneficiaries.
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          **(c) Disability.**If the Executive’s employment is terminated by reason of the Executive’sDisability during the Employment Period, the Company shall have no further obligations to the Executive under this Agreement, exceptfor payment of the Accrued Obligations and the timely payment or provision of the Other Benefits. The Accrued Obligations shall bepaid to the Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of the OtherBenefits, the term “Other Benefits” as utilized in this Section 5(c) shall include, and the Executive shall be entitledafter the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of thosegenerally provided by the Company and the Affiliated Companies to disabled executives and/or their families in accordance with suchplans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executivesand their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to theExecutive and/or the Executive’s family, as in effect at any time thereafter generally with respect to other peer executives ofthe Company and the Affiliated Companies and their families.
          **(d) Cause; Other Than for Good Reason.**If the Executive’s employment is terminated for Cause duringthe Employment Period, the Company shall have no further obligations to the Executive under this Agreement, except for payment tothe Executive of (1) the Executive’s Annual Base Salary through the Date of Termination, (2) the amount of any compensationpreviously deferred by the Executive, and (3) the Other Benefits, in each case, to the extent theretofore unpaid. If the Executivevoluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, the Company shall have nofurther obligations to the Executive under this Agreement, except for payment of the Accrued Obligations and the timely payment orprovision of the Other Benefits. In such case, all the Accrued Obligations shall be paid to the Executive in a lump sum in cashwithin 30 days of the Date of Termination.
          **Section 6. Non-exclusivity of Rights.** Nothing in this Agreement shall prevent or limit theExecutive’s continuing or future participation in any plan, program, policy or practice provided by the Company or theAffiliated Companies and for which the Executive may qualify, nor, subject to Section 11(f), shall anything herein limit orotherwise affect such rights as the Executive may have under any other contract or agreement with the Company or the AffiliatedCompanies. Amounts that are vested benefits or that the Executive is otherwise entitled to receive under any plan, policy, practiceor program of or any contract or agreement with the Company or the Affiliated Companies at or subsequent to the Date of Terminationshall be payable in accordance with such plan, policy, practice or program or contract or agreement, except as explicitly modified by this Agreement.
          **Section 7. Full Settlement.** The Company’s obligation to make the payments provided for in thisAgreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment,defense, or other claim, right or action that the Company may have against the Executive or others. In no event shall the Executivebe obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive underany of the provisions of this Agreement, and such amounts shall not be reduced whether or not the Executive obtains otheremployment. The Company agrees to pay as incurred, to the full extent permitted by law, all legal fees and expenses that theExecutive may
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reasonably incur as a result of any contest(regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liabilityunder, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by theExecutive about the amount of any payment pursuant to this Agreement), plus, in each case, interest on any delayed payment at theapplicable federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code of 1986, as amended (the“Code”).
          **Section 8. Certain Additional Payments by the Company.**
          (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that anypayment or distribution by the Company or the Affiliated Companies to or for the benefit of the Executive (whether paid or payableor distributed or distributable pursuant to the terms of this Agreement or otherwise but determined without regard to any additionalpayments required under this Section 8) (the “Payment”) would be subject to the excise tax imposed by Section 4999 ofthe Code, or any interest or penalties are incurred by the Executive with respect to such excise tax (such excise tax, together withany such interest and penalties, collectively, the “Excise Tax”), then the Executive shall be entitled to receive anadditional payment (the “Gross-Up Payment”) in an amount such that after payment by the Executive of all taxes (includingany interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest andpenalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an amount of theGross-Up Payment equal to the Excise Tax imposed upon the Payments.
          (b) Subject to the provisions of Section 8(c), all determinations required to be made under this Section 8,including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilizedin arriving at such determination, shall be made by KPMG Peat Marwick or such other certified public accounting firm as may bedesignated by the Executive (the “Accounting Firm”) that shall provide detailed supporting calculations both to theCompany and the Executive within 15 business days of the receipt of notice from the Executive that there has been a Payment or suchearlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for theindividual, entity or group effecting the Change of Control, the Executive shall appoint another nationally recognized accountingfirm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firmhereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determinedpursuant to this Section 8, shall be paid by the Company to the Executive within five days of the receipt of the AccountingFirm’s determination. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a resultof the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firmhereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made (the“Underpayment”), consistent with the calculations required to be made hereunder. In the event the Company exhausts itsremedies pursuant to Section 8(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firmshall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company toor for the benefit of the Executive.
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          (c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, ifsuccessful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon aspracticable but no later than 10 business days after the Executive is informed in writing of such claim and shall apprise theCompany of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claimprior to the expiration of the 30-day period following the date on which the Executive gives such notice to the Company (or suchshorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies theExecutive in writing prior to the expiration of such period that the Company desires to contest such claim, the Executive shall:
     (1) give the Company any information reasonably requested by the Company relating to such claim,
     (2) take such action in connection with contesting such claim as the Company shall reasonably request in writing fromtime to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonablyselected by the Company,
     (3) cooperate with the Company in good faith in order effectively to contest such claim, and
     (4) permit the Company to participate in any proceedings relating to such claim;
*provided*, *however*, that the Companyshall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with suchcontest, and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (includinginterest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Withoutlimitation on the foregoing provisions of this Section 8(c), the Company shall control all proceedings taken in connection with suchcontest, and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences withthe applicable taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the taxclaimed and sue for a refund or contest the claim in any permissible manner, and the Executive agrees toprosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or moreappellate courts, as the Company shall determine; *provided*, *however*, that, if the Company directs the Executive to paysuch claim and sue for a refund, the Company shall advance the amount of such payment to the Executive, on an interest-free basis,and shall indemnify and hold the Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest orpenalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to suchadvance; and *provided*, *further*, that any extension of the statute of limitations relating to payment of taxes for thetaxable year of the Executive with respect to which such contested amount is claimed to be due is limited solely to such contestedamount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which the Gross-Up Paymentwould be payable hereunder, and the
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Executive shall be entitled to settle or contest,as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority.
          (d) If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 8(c), theExecutive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’scomplying with the requirements of Section 8(c)) promptly pay to the Company the amount of such refund (together with anyinterest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced bythe Company pursuant to Section 8(c), a determination is made that the Executive shall not be entitled to any refund with respect tosuch claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to theexpiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to berepaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
          **Section 9. Confidential Information.** The Executive shall hold in a fiduciary capacity for the benefit ofthe Company all secret or confidential information, knowledge or data relating to the Company or the Affiliated Companies, and theirrespective businesses, which information, knowledge or data shall have been obtained by the Executive during the Executive’semployment by the Company or the Affiliated Companies and which information, knowledge or data shall not be or become publicknowledge (other than by acts by the Executive or representatives of the Executive in violation of this Agreement). Aftertermination of the Executive’s employment with the Company, the Executive shall not, without the prior written consent of theCompany or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data toanyone other than the Company and those persons designated by the Company. In no event shall an asserted violation of the provisionsof this Section 9 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under thisAgreement.
          **Section 10. Successors.** (a) This Agreement is personal to the Executive, and, without the prior writtenconsent of the Company, shall not be assignable by the Executive other than by will or the laws of descent and distribution. ThisAgreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives.
          (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.
          (c) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise)to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement inthe same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.“Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid thatassumes and agrees to perform this Agreement by operation of law or otherwise.
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          **Section 11. Miscellaneous.** (a) This Agreement shall be governed by and construed in accordance with thelaws of the State of Delaware, without reference to principles of conflict of laws. The captions of this Agreement are not part ofthe provisions hereof and shall have no force or effect. This Agreement may not be amended or modified other than by a writtenagreement executed by the parties hereto or their respective successors and legal representatives.
          (b) All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the otherparty or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:
          if to the Executive:
          if to the Company:
               The Gillette Company               Prudential Tower Building               Boston, Massachusetts 02199               Attention: General Counsel
or to such other address as either party shall havefurnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by theaddressee.
          (c) The invalidity or unenforceability of any provision of this Agreement shall not affect the validity orenforceability of any other provision of this Agreement.
          (d) The Company may withhold from any amounts payable under this Agreement such United States federal, state or local orforeign taxes as shall be required to be withheld pursuant to any applicable law or regulation.
          (e) The Executive’s or the Company’s failure to insist upon strict compliance with any provision of thisAgreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, theright of the Executive to terminate employment for Good Reason pursuant to Sections 4(c)(1) through 4(c)(5), shall not be deemed tobe a waiver of such provision or right or any other provision or right of this Agreement.
          (f) The Executive and the Company acknowledge that, except as may otherwise be provided under any other writtenagreement between the Executive and the Company, the employment of the Executive by the Company is “at will” and, subjectto Section 1(a), prior to the Effective Date, the Executive’s employment****may be terminated by either the Executive orthe Company at any time prior to the Effective Date, in which case the Executive shall have no further rights under this Agreement.From and after the Effective Date: (i) this Agreement shall supersede any other agreement between the parties with respect to thesubject matter hereof, and (ii) if the Executive receives severance benefits under Section 5(a), the
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Executive shall not be entitled to receiveseverance pay or benefits under any other plan, program, policy or arrangement of the Company providing severance benefits.
          IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the authorization from theBoard, the Company has caused these presents to be executed in its name on its behalf, all as of the day and year first abovewritten.               THE GILLETTE COMPANY     By     Edward E. Guillet   Senior Vice President – Human Resources
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