Document:

CEC RSU Agreement

THE CLOROX COMPANY

2005 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD
AGREEMENT
(US Employees) 

SUMMARY OF RESTRICTED STOCK UNIT
AWARD
The Clorox Company, a Delaware
company (the “Company”), grants to the Grantee named below, in accordance with
the terms of The Clorox Company 2005 Stock Incentive Plan (the “Plan”) and this
restricted stock unit award agreement (the “Agreement”), the following number of
Restricted Stock Units (the “Units”), on the terms set forth below: 

	GRANTEE	 -- (refer to Solium Capital
      account for details)
	TOTAL RESTRICTED UNITS
    AWARDED	 -- (refer to Solium Capital
      account for details)
	DATE OF AWARD	 -- (refer to Solium Capital
      account for details)
	PERIOD OF RESTRICTION	 -- (refer to Solium Capital
      account for details)

TERMS OF AGREEMENT 

	1.	Grant of
      Units. The Company hereby
      grants to the Grantee the Units set forth above, subject to the terms,
      definitions and provisions of the Plan and this Agreement. All terms,
      provisions, and conditions applicable to the Units set forth in the Plan
      and not set forth herein are incorporated by reference. To the extent any
      provision hereof is inconsistent with a provision of the Plan, the
      provisions of the Plan will govern. All capitalized terms that are used in
      this Agreement and not otherwise defined herein shall have the meanings
      ascribed to them in the Plan.
	       	
		2.	Nature and
      Settlement of Award. The
      Units represent an unfunded, unsecured promise by the Company to issue
      Shares. Units will be settled in Shares on a one Share for one Unit basis,
      rounded down to the nearest whole Share, less any Shares withheld in
      accordance with the provisions of Section 4 of this Agreement. Settlement
      shall occur as soon as practicable after the Period of Restriction lapses
      as provided in the Summary of Restricted Stock Unit Award above, but in
      any event, within the period ending on the later to occur of the date that
      is 2 1⁄2 months from the end of (1) the Grantee’s tax year that includes the
      date of the lapse of the Period of Restriction, or (2) the Company’s tax
      year that includes the date of the lapse of the Period of Restriction
      (which payment schedule is intended to comply with the “short-term
      deferral” exemption from the application of Section 409A of the Internal
      Revenue Code of 1986, as amended (the “Code”)). Although the Units shall
      be vested within the meaning of Section 83 of the Internal Revenue Code
      since no substantial risk of forfeiture exists after the Period of
      Restriction lapses, the Units will not be earned until the Grantee has
      fulfilled all of the conditions precedent set forth in this Agreement,
      including, but not limited to, the obligations set forth in Section 9(b),
      9(c), 9(d), 9(e) and Section 10, and the Grantee shall have no right to
      retain the Shares or the value thereof upon vesting or settlement of the
      Units until all such conditions precedent have been
satisfied.
		       	
	3.	Dividend
      Equivalents. No Dividend
      Equivalents shall be paid to the Grantee prior to the lapse of the Period
      of Restriction. Rather, such Dividend Equivalent payments will accrue and
      be notionally credited to the Grantee’s RSU account and paid out in the
      form of additional Shares after the lapse of the Period of Restriction,
      within the time period described in Section 2 above.
	       
	4.	Taxes. Pursuant to
      Section 16 of the Plan, the Committee shall have the power and the right
      to deduct or withhold, or require the Grantee to remit to the Company, an
      amount sufficient to satisfy any applicable tax withholding requirements
      applicable to this Award. The Committee may condition the issuance of
      Shares in settlement of Units upon the Grantee’s satisfaction of such
      withholding obligations. The Grantee may elect to satisfy all or part of
      such withholding requirement by tendering previously-owned Shares or by
      having the Company withhold Shares having a Fair Market Value equal to the
      minimum statutory tax withholding rate that could be imposed on the
      transaction (or such other rate that will not result in a negative
      accounting impact) or in such other manner as is acceptable to the
      Company. Such election shall be irrevocable, made in writing, signed by the Grantee, and shall be subject to any
      restrictions or limitations that the Committee, in its sole discretion,
      deems appropriate. 

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	5.	Termination of Employment or
      Service.
	       	 
		a.	If the Grantee’s employment or service with the Company
      and its Subsidiaries is terminated for any reason, any Units (the
      “Unvested Units”) for which the Period of Restriction has not lapsed
      before such termination of employment or service and/or any Dividend
      Equivalents related thereto shall be forfeited. Notwithstanding the above,
      if the Grantee’s termination of employment or service is due to death or
      Disability, the Units shall become 100% vested and the Period of
      Restriction on the Units shall lapse and all Dividend Equivalents related
      thereto shall become immediately vested and payable as of such termination
      date.
		       	
		b.	Definition of “Disability.” For purposes of this
      Agreement, the Grantee’s employment shall be deemed to have terminated due
      to the Grantee’s Disability if the Grantee is entitled to long-term
      disability benefits under the Company’s long-term disability plan or
      policy, as in effect on the date of termination of the Grantee’s
      employment.
	 
	6.	Authorization to Return Forfeited
      Units. The Grantee authorizes the
      Company or its designee to return to the Company all Units and related
      Dividend Equivalents and Shares subject thereto which are forfeited along
      with any cash or other property held with respect to or in substitution of
      such Units, related Dividend Equivalents and/or Shares. Any such action
      shall comply with all applicable provisions of this Agreement or the
      Plan.
	 
	7.	Transferability of
      Units. Unless otherwise determined by
      the Committee, Units shall not be transferable by the Grantee other than
      by will or by the laws of descent or distribution. For avoidance of doubt,
      Shares issued to the Grantee in settlement of Units pursuant to Section 2
      of this Agreement shall not be subject to any of the foregoing
      transferability restrictions.
	 
	8.	Change in Control. Upon the occurrence of a Change in Control, unless
      otherwise specifically prohibited under Applicable Laws or by the rules
      and regulations of any governing governmental agencies or national
      securities exchanges, any Unvested Units and related Dividend Equivalents
      shall become 100% vested and the Period of Restriction for the Units and
      related Dividend Equivalents shall lapse, unless the Units are assumed,
      converted or replaced by the continuing entity; provided, however, that in
      the event the Grantee’s employment is terminated without Cause or by the
      Grantee for Good Reason upon or within twenty-four (24) months following
      consummation of a Change in Control, the Period of Restriction on any
      replacement awards shall lapse and all Dividend Equivalents related
      thereto shall become immediately payable. For purposes of this Agreement,
      the term “Good Reason” shall have the meaning set forth in any employment
      agreement or severance agreement or policy applicable to the Grantee. If
      the Grantee is not a party to any agreement or covered by a policy in
      which a definition of “Good Reason” is provided, then the following
      definition shall apply:
		 	
		“Good Reason” means resignation of
      the Grantee in connection with the occurrence of any of the following
      events without the Grantee’s written consent (provided that notice of such
      event is provided within 90 days following the first occurrence
      thereof):
	 
		a.	The assignment to the Grantee of any duties inconsistent
      in any material respect with the Grantee’s position (including offices,
      titles and reporting requirements), authority, duties or responsibilities
      as they existed at any time during the 120-day period immediately
      preceding the Change in Control, or any other action by the Company which
      results in a material diminution in such position, authority, duties or
      responsibilities, excluding for this purpose an isolated, insubstantial
      and inadvertent action not taken in bad faith and which is remedied by the
      Company promptly after receipt of notice thereof given by the Grantee;
      or
	 
		b.	Any material reduction by the Company of the Grantee’s
      Base Salary or bonus target, other than an isolated, insubstantial and
      inadvertent failure not occurring in bad faith and which is remedied by
      the Company promptly after receipt of notice thereof given by the Grantee;
      or
	 
		c.	The Company requires the Grantee to be based at any
      office or location which increases his commute by more than 50 miles from
      his commute immediately prior to the Change in
  Control.

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-

		
      Any notice provided by
      the Grantee under this “Good Reason” provision shall mean a written notice which (1) indicates the specific termination
      provision in the Good Reason definition relied upon, (2) to the extent
      applicable, sets forth in reasonable detail the facts and circumstances
      claimed to provide a basis for termination of the Grantee’s employment
      under the provision so indicated and (3) the Grantee’s intended separation
      date if the Company does not cure the issue (which date shall be not less
      than thirty (30) days after the giving of such notice). 

	      
      	
	9.	Protection of Trade Secrets and Limitations on
      Exercise.
	       	
		a.	Definitions.
	 
		       	i.	“Affiliated Company” means any organization controlling,
      controlled by or under common control with the Company.
	 		       	
			ii.	“Confidential Information” means the Company’s technical or business
      or personnel information not readily available to the public or generally
      known in the trade, including inventions, developments, trade secrets and
      other confidential information, knowledge, data and know-how of the
      Company or any Affiliated Company, whether or not they originated with the
      Grantee, or information which the Company or any Affiliated Company
      received from third parties under an obligation of
    confidentiality.
	 
			iii.	“Conflicting Product” means any product, process, machine, or
      service of any person or organization, other than the Company or any
      Affiliated Company, in existence or under development that (1) resembles
      or competes with a product, process, machine, or service upon or with
      which the Grantee shall have worked during the two years prior to the
      Grantee’s termination of employment with the Company or any Affiliated
      Company or (2) with respect to which during that period of time the
      Grantee, as a result of his/her job performance and duties, shall have
      acquired knowledge of Confidential Information, and whose use or
      marketability could be enhanced by application to it of Confidential
      Information. For purposes of this section, it shall be conclusively
      presumed that the Grantee has knowledge of information to which s/he has
      been directly exposed through actual receipt or review of memorandum or
      documents containing such information or through actual attendance at
      meetings at which such information was discussed or
disclosed.
	 
			iv.	“Conflicting Organization” means any person or organization that is
      engaged in or about to become engaged in research on or development,
      production, marketing or selling of a Conflicting Product.
	 
		b.	Right to
      Retain Units/Shares Contingent on Protection of Confidential
      Information. In partial
      consideration for the award of these Units, the Grantee agrees that at all
      times, both during and after the term of the Grantee’s employment with the
      Company or any Affiliated Company, to hold in the strictest confidence,
      and not to use (except for the benefit of the Company at the Company’s
      direction) or disclose (except for the benefit of the Company at the
      Company’s direction), regardless of when disclosed to the Grantee, any and
      all Confidential Information of the Company or any Affiliated Company. The
      Grantee understands that for purposes of this Section 9(b), Confidential
      Information further includes, but is not limited to, information
      pertaining to any aspect of the business of the Company or any Affiliated
      Company which is either information not known (or known as a result of a
      wrongful act of the Grantee or of others who were under confidentiality
      obligations as to the item or items involved) by actual or potential
      competitors of the Company or other third parties not under
      confidentiality obligations to the Company. If, prior to the expiration of
      the Period of Restriction or at any time within one (1) year after the
      settlement of any of the Units, the Grantee discloses or uses, or
      threatens to disclose or use, any Confidential Information other than in
      the course of performing authorized services for the Company (or any
      Affiliated Company), the Units, whether vested or not, will be immediately
      forfeited and cancelled, and the Grantee shall immediately return to the
      Company the Shares issued in settlement of the Units or the pre-tax income
      derived from any disposition of such
Shares.

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		c.	No Interference with
      Customers or Suppliers. In partial
      consideration for the award of these Units, in order to forestall the
      disclosure or use of Confidential Information as well as to deter the
      Grantee’s intentional interference with the
      contractual relations of the Company or any Affiliated Company, the
      Grantee’s intentional interference with prospective economic advantage of
      the Company or any Affiliated Company and to promote fair competition, the
      Grantee agrees that the Grantee’s right to receive the Shares upon
      settlement of the Units is contingent upon the Grantee refraining, during
      the Period of Restriction and for a period of one (1) year after the
      settlement of any of the Units, for himself/herself or any third party,
      directly or indirectly, from using Confidential Information to (1) divert
      or attempt to divert from the Company (or any Affiliated Company) any
      business of any kind in which it is engaged, or (2) intentionally solicit
      its customers with which it has a contractual relationship as to
      Conflicting Products, or interfere with the contractual relationship with
      any of its suppliers or customers (collectively, “Interfere”). If, during
      the Period of Restriction or at any time within one (1) year after the
      settlement of any of the Units, the Grantee breaches his/her obligation
      not to Interfere, the Grantee’s right to the Shares upon settlement of the
      Units shall not have been earned and the Units, whether vested or not,
      will be immediately cancelled, and the Grantee shall immediately return to
      the Company the Shares issued in settlement of the Units or the pre-tax
      income derived from any disposition of such Shares. For avoidance of
      doubt, the term “Interfere” shall not include any advertisement of
      Conflicting Products through the use of media intended to reach a broad
      public audience (such as television, cable or radio broadcasts, or
      newspapers or magazines) or the broad distribution of coupons through the
      use of direct mail or through independent retail outlets. THE GRANTEE UNDERSTANDS THAT THIS PARAGRAPH IS
      NOT INTENDED TO AND DOES NOT PROHIBIT THE CONDUCT DESCRIBED, BUT PROVIDES
      FOR THE CANCELLATION OF THE UNITS AND A RETURN TO THE COMPANY OF THE
      SHARES OR THE GROSS TAXABLE PROCEEDS OF THE SHARES IF THE GRANTEE SHOULD
      CHOOSE TO VIOLATE THIS “NO INTERFERENCE WITH CUSTOMERS OR SUPPLIERS”
      PROVISION DURING THE PERIOD OF RESTRICTION OR WITHIN ONE (1) YEAR AFTER
      THE SETTLEMENT OF ANY OF THE UNITS.
	 		
		d.	No Solicitation of
      Employees. In partial
      consideration for the award of these Units, in order to forestall the
      disclosure or use of Confidential Information, as well as to deter the
      Grantee’s intentional interference with the contractual relations of the
      Company or any Affiliated Company, the Grantee’s intentional interference
      with prospective economic advantage of the Company or any Affiliated
      Company, and to promote fair competition, the Grantee agrees that the
      Grantee’s right to receive the Shares upon settlement of the Units is
      contingent upon the Grantee refraining, during the Period of Restriction
      and for a period of one (1) year after the settlement of any of the Units,
      for himself/herself or any third party, directly or indirectly, from
      soliciting for employment any person employed by the Company, or by any
      Affiliated Company, during the period of the solicited person’s employment
      and for a period of one (1) year after the termination of the solicited
      person’s employment with the Company or any Affiliated Company
      (collectively “Solicit”). If, during the term of the Period of Restriction
      or at any time within one (1) year after the settlement of any of the
      Units, the Grantee breaches his/her obligation not to Solicit, the
      Grantee’s right to the Shares upon settlement of the Units shall not have
      been earned and the Units, whether vested or not, will be immediately
      cancelled, and the Grantee shall immediately return to the Company the
      Shares issued in settlement of the Units or the pre-tax income derived
      from any disposition of such Shares. THE GRANTEE UNDERSTANDS THAT THIS PARAGRAPH
      IS NOT INTENDED TO AND DOES NOT PROHIBIT THE CONDUCT DESCRIBED, BUT
      PROVIDES FOR THE CANCELLATION OF THE UNITS AND A RETURN TO THE COMPANY OF
      THE SHARES OR THE GROSS TAXABLE PROCEEDS OF THE SHARES IF THE GRANTEE
      SHOULD CHOOSE TO VIOLATE THIS NON-SOLICITATION OF EMPLOYEES PROVISION
      DURING THE PERIOD OF RESTRICTION OR WITHIN ONE (1) YEAR AFTER THE
      SETTLEMENT OF ANY OF THE UNITS.
	       	       	
		e.	Injunctive and
      Other Available Relief. By
      acceptance of these Units and any Shares issued in settlement thereof, the
      Grantee acknowledges that, if the Grantee were to breach or threaten to
      breach his/her obligation hereunder not to Interfere or Solicit or not to
      disclose or use any Confidential Information other than in the course of
      performing authorized services for the Company (or any Affiliated
      Company), the harm caused to the Company by such breach or threatened
      breach would be, by its nature, irreparable because, among other things,
      damages would be significant and the monetary harm that would ensue would
      not be able to be readily proven, and that the Company would be entitled
      to injunctive and other appropriate relief to prevent threatened or
      continued breach and to such other remedies as may be available at law or
      in equity. To the extent not prohibited by law, any cancellation of the
      Units pursuant to any of Sections 9(b) through 9(d) above shall not
      restrict, abridge or otherwise limit in any fashion the types and scope of
      injunctive and other available relief to the Company. Notwithstanding any
      provision of this Agreement to the
      contrary, nothing under this Agreement shall limit, abridge, modify or
      otherwise restrict the Company (or any Affiliated Company) from pursuing
      any or all legal, equitable or other appropriate remedies to which the
      Company may be entitled under any other agreement with the Grantee, any
      other plan, program, policy or arrangement of the Company (or any
      Affiliated Company) under which the Grantee is covered or participates, or
      any applicable law, all to the fullest extent not prohibited under
      applicable law. 

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-

	10.	Right to
      Retain Units/Shares Contingent on Continuing Non-Conflicting
      Employment. In partial
      consideration for the award of these Units in order to forestall the
      disclosure or use of Confidential Information, as well as to deter the
      Grantee’s intentional interference with the contractual relations of the
      Company or any Affiliated Company, the Grantee’s intentional interference
      with prospective economic advantage of the Company or any Affiliated
      Company, and to promote fair competition, the Grantee agrees that the
      Grantee’s right to receive the Shares upon settlement of the Units is
      contingent upon the Grantee refraining, during the Period of Restriction
      and for a period of one (1) year after the settlement of any of the Units,
      from rendering services, directly or indirectly, as director, officer,
      employee, agent, consultant or otherwise, to any Conflicting Organization
      except a Conflicting Organization whose business is diversified and that,
      as to that part of its business to which the Grantee renders services, is
      not a Conflicting Organization, provided that the Company shall receive
      separate written assurances satisfactory to the Company from the Grantee
      and the Conflicting Organization that the Grantee shall not render
      services during such period with respect to a Conflicting Product. If,
      prior to the expiration of the Period of Restriction or at any time within
      one (1) year after the settlement of any of the Units, the Grantee shall
      render services to any Conflicting Organization other than as expressly
      permitted herein, the Grantee’s right to the Shares upon settlement of the
      Units shall not have been earned and the Units, whether vested or not,
      will be immediately cancelled, and the Grantee shall immediately return to
      the Company the Shares issued in settlement of the Units or the pre-tax
      income derived from any disposition of such Shares. THE GRANTEE UNDERSTANDS THAT THIS PARAGRAPH
      IS NOT INTENDED TO AND DOES NOT PROHIBIT THE GRANTEE FROM RENDERING
      SERVICES TO A CONFLICTING ORGANIZATION, BUT PROVIDES FOR THE CANCELLATION
      OF THE UNITS AND A RETURN TO THE COMPANY OF THE SHARES OR THE GROSS
      TAXABLE PROCEEDS OF THE SHARES IF THE GRANTEE SHOULD CHOOSE TO RENDER SUCH
      SERVICES DURING THE PERIOD OF RESTRICTION OR WITHIN ONE YEAR AFTER THE
      SETTLEMENT OF ANY OF THE UNITS.
	       	
	11.	Repayment Obligation. In the event that (1) the Company issues a restatement of
      financial results to correct a material error and (2) the Committee
      determines, in good faith, that the Grantee’s fraud or willful misconduct
      was a significant contributing factor to the need to issue such
      restatement and (3) some or all of the Units that were granted and/or
      vested prior to such restatement would not have been granted and/or
      vested, as applicable, based upon the restated financial results, the
      Grantee shall immediately return to the Company any Units or any Shares or
      the pre-tax income derived from any disposition of any Shares previously
      received in settlement of the Units that would not have been granted
      and/or vested based upon the restated financial results (the “Repayment
      Obligation”). The Company shall be able to enforce the Repayment
      Obligation by all legal means available, including, without limitation, by
      withholding such amount from other sums owed by the Company to the
      Grantee.
	       
	12.	Miscellaneous Provisions.
		       	
		a.	Choice of Law,
      Exclusive Jurisdiction and Venue. This Agreement shall be governed by, and construed in accordance
      with, the laws of the State of Delaware, excluding any conflicts or choice
      of law rule or principle that might otherwise refer construction or
      interpretation of this Agreement to the substantive law of another
      jurisdiction. The courts
      of the State of Delaware shall have exclusive jurisdiction over any
      disputes or other proceedings relating to this Agreement, and venue shall
      reside with the courts in New Castle County, Delaware, including if
      jurisdiction shall so permit, the U.S. District Court for the District of
      Delaware. Accordingly,
      the Grantee agrees that any claim of any type relating to this Agreement
      must be brought and maintained in the appropriate court located in New
      Castle County, Delaware, including if jurisdiction will so permit, in the
      U.S. District Court for the State of Delaware. The Grantee hereby consents
      to the jurisdiction over the Grantee of any such courts and waives all
      objections based on venue or inconvenient
forum.

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		b.	Modification or
      Amendment. This Agreement may be
      modified or amended by the Board or the Committee at any time; provided,
      however, no modification or amendment to this Agreement shall be made
      which would materially and adversely affect the rights of the Grantee,
      without such Grantee’s written consent.
	      
      	       	      
    
		c.	Severability. In the event any provision of this Agreement shall be
      held illegal or invalid for any reason, the illegality or invalidity shall
      not affect the remaining provisions of this Agreement, and this Agreement
      shall be construed and enforced to reflect the intent of the parties to
      the fullest extent not prohibited by law, and in the event that such
      provision is not able to be so construed and enforced, then this Agreement
      shall be construed and enforced as if such illegal or invalid provision
      had not been included. In amplification of the preceding sentence, in the
      event that the time period or scope of any provision is declared by a
      court or arbitrator of competent jurisdiction to exceed the maximum time
      period or scope that such court or arbitrator deems enforceable, then such
      court or arbitrator shall have the power to reduce the time period or
      scope to the maximum time period or scope permitted by law.
		       
		d.	References to
      Plan. All references to the Plan shall
      be deemed references to the Plan as may be amended.
		       
		e.	Headings. The captions used in this Agreement are inserted for
      convenience and shall not be deemed a part of this Agreement for
      construction or interpretation.
		       
		f.	Interpretation. Any dispute regarding the interpretation of this
      Agreement shall be submitted by the Grantee or by the Company forthwith to
      the Board or the Committee, which shall review such dispute at its next
      regular meeting. The resolution of such dispute by the Board or the
      Committee shall be final and binding on all persons. It is the intention
      of the Company and the Grantee to make the promises contained in this
      Agreement reasonable and binding only to the extent that it may be
      lawfully done under existing applicable laws. This Agreement and the Plan
      constitute the entire and exclusive agreement between the Grantee and the
      Company, and it supersedes all prior agreements or understandings, whether
      written or oral, with respect to the grant of Units set forth in this
      Agreement.
		       
		g.	Section 409A
      Compliance. To the extent applicable,
      it is intended that the Plan and this Agreement comply with the
      requirements of Section 409A of the Code, and any related regulations or
      other guidance promulgated with respect to such Section by the U.S.
      Department of the Treasury or the Internal Revenue Service (“Section
      409A”). Any provision of the Plan or this Agreement that would cause this
      Award to fail to satisfy Section 409A shall have no force or effect until
      amended to comply with Section 409A, which amendment may be retroactive to
      the extent permitted by Section 409A.
		       
			Notwithstanding any provision of
      the Plan to the contrary, if the Grantee is a “specified employee” (as
      defined in Section 1.409A-1(i) of the Treasury Department Regulations) at
      the time of the Grantee’s “separation from service” (as defined in Section
      1.409A-1(h) of the Treasury Department Regulations), and a payment to the
      Grantee under this Agreement is subject to Section 409A and is being made
      to the Grantee on account of the Grantee’s separation from service, then
      to the extent not paid on or before March 15 of the calendar year
      following the calendar year in which the separation from service occurred,
      such payment shall be delayed until the earlier of the date which is six
      (6) months after the date of the Grantee’s separation from service or the
      date of death of the Grantee. Any payments that were scheduled to be paid
      during the six (6) month period following the Grantee’s separation from
      service, but which were delayed pursuant to this Section 12(g), shall be
      paid without interest on, or as soon as administratively practicable
      after, the first day following the six (6) month anniversary of the
      Grantee’s separation from service (or, if earlier, the date of the
      Grantee’s death). Any payments that were originally scheduled to be paid
      following the six (6) months after the Grantee’s separation from service
      shall continue to be paid in accordance with their predetermined
      schedule.

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		h.	Agreement with Terms. Receipt of any benefits under this Agreement by the Grantee shall
      constitute the Grantee’s acceptance of and agreement with all of the
      provisions of this Agreement and of the Plan that are applicable to this
      Agreement, and the Company shall administer this Agreement
      accordingly.
	       	       	

		
      THE CLOROX
      COMPANY
  

	
      By:
	
	Its:      
      	Chairman of the Board and
  CEO

THE GRANTEE ACKNOWLEDGES AND AGREES THAT
THIS AGREEMENT IS A UNILATERAL CONTRACT AND THAT THE GRANTEE’S RIGHT TO THE
SHARES PURSUANT TO THIS AGREEMENT IS ACCEPTED AND EARNED ONLY BY CONTINUING
EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING
HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER) AND BY COMPLIANCE
WITH THE GRANTEE’S VARIOUS OBLIGATIONS UNDER THIS AGREEMENT. THE GRANTEE FURTHER
ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN, SHALL
CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT BY
THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE
COMPANY’S RIGHT TO TERMINATE THE GRANTEE’S EMPLOYMENT AT ANY TIME, FOR ANY
REASON OR NO REASON, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT ADVANCE NOTICE
EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW. 

The Grantee acknowledges that a copy of
the Plan, Plan Information and the Company’s Annual Report and Proxy Statement
(the “Prospectus Information”) are available for viewing on the Company’s
Cloroxweb site at http://CLOROXWEB/hr/stock. The Grantee
hereby consents to receive the Prospectus Information electronically, or, in the
alternative, to contact the HR Service Center at 1-800-709-7095 to request a
paper copy of the Prospectus Information. The Grantee represents that s/he is
familiar with the terms and provisions thereof, and hereby accepts this
Agreement subject to all of the terms and provisions thereof. The Grantee has
reviewed the Plan and this Agreement in their entirety, has had an opportunity
to obtain the advice of counsel prior to executing this Agreement and fully
understands all provisions of this Agreement. The Grantee acknowledges and
hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions arising under the Plan or
this Agreement. The Grantee further agrees to notify the Company upon any change
in the residence address indicated below. 
	Dated: 	 	 Signed: 		
				             
      Grantee	

	Residence Address:	
	 	
	 	 

- 7 -US SO agreement CEC 

THE CLOROX COMPANY 2005

STOCK INCENTIVE PLAN 

NONQUALIFIED STOCK OPTION AWARD
AGREEMENT 

NOTICE OF STOCK OPTION
GRANT
The Clorox Company, a Delaware
company (the “Company”), grants to the Optionee named below an option (the
“Option”) to purchase, in accordance with the terms of The Clorox Company 2005
Stock Incentive Plan (the “Plan”) and this nonqualified stock option agreement
(the “Agreement”), the number of shares of Common Stock of the Company (the
“Shares”) at the exercise price per share (the “Exercise Price”) set forth as
follows: 

	OPTIONEE	 -- 	(refer to Solium
      Capital account for details)
	OPTIONS
    GRANTED	 -- 	  (refer
      to Solium Capital account for details)
	GRANT CODE	 -- 	(refer to Solium
      Capital account for details)
	EXERCISE PER
      SHARE	 -- 	(refer to Solium
      Capital account for details)
	DATE OF
    GRANT	 -- 	(refer to Solium
      Capital account for details)
	EXPIRATION
    DATE		Ten years from Date
      of Grant
	VESTING
      SCHEDULE		25% on each of the
      first four anniversaries of the Date of
Grant

AGREEMENT 

	1.	Grant of
      Option. The Company hereby grants to
      the Optionee the Option to purchase the Shares at the Exercise Price,
      subject to the terms, definitions and provisions of the Plan and this
      Agreement. All terms, provisions, and conditions applicable to the Option
      set forth in the Plan and not set forth herein are incorporated by
      reference. To the extent any provision hereof is inconsistent with a
      provision of the Plan, the provisions of the Plan will govern. All
      capitalized terms that are used in this Agreement and not otherwise
      defined herein shall have the meanings ascribed to them in the
    Plan.
	      
    	
	2.	Exercise of
      Option.
	       
		a.	Right to Exercise.
      This Option shall be exercisable prior to the expiration date set forth
      above (the “Expiration Date”), in accordance with the vesting schedule set
      forth above (the “Vesting Schedule”) and with the applicable provisions of
      the Plan and this Agreement. Except as otherwise specifically provided in
      this Agreement, in no event may this Option be exercised after the
      Expiration Date. Although vested within the meaning of Section 83 of the
      Internal Revenue Code since no substantial risk of forfeiture exists once
      the options become exercisable according to the Vesting Schedule above,
      the Options will not be earned until the Optionee has fulfilled all of the
      conditions precedent set forth in this Agreement, including, but not
      limited to, the obligations set forth in Sections 7(b), 7(c), 7(d), 7(e)
      and Section 8, and the Optionee shall have no right to retain the Shares
      or the value thereof upon vesting or exercise of the Options until all
      conditions precedent have been satisfied.
		      
    	
		b.	Method of Exercise.
      This Option shall be exercisable only by delivery of an exercise notice
      (printable from the Clorox Web at http://CLOROXWEB.clorox.com/hr/stock or available from the Company’s designee) (the “Exercise Notice”)
      which shall state the election to exercise the Option, the whole number of
      vested Shares in respect of which the Option is being exercised and such
      other provisions as may be required by the Committee. Such Exercise Notice
      shall be signed by the Optionee and shall be delivered by mail or fax, to
      the Company’s designee accompanied by payment of the Exercise Price. The
      Company may require the Optionee to furnish or execute such other
      documents as the Company shall reasonably deem necessary (1) to evidence
      such exercise and (2) to comply with or satisfy the requirements of the
      Securities Act of 1933, as amended, the Exchange Act, or any Applicable
      Laws. The Option shall be deemed to be exercised upon receipt by the
      Company’s designee of such written notice accompanied by the Exercise
      Price.
	       
			No Shares will be issued pursuant to the exercise of the
      Option unless such issuance and such exercise shall comply with all
      Applicable Laws. Assuming such compliance, for income tax purposes, the
      Shares shall be considered transferred to the Optionee on the date on
      which the Option is exercised with respect to such
  Shares.

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	       	c.	Taxes. Pursuant to Section 16 of the Plan, the Committee shall have the
      power and the right to deduct or withhold, or require the Optionee to
      remit to the Company, an amount sufficient to satisfy any applicable tax
      withholding requirements applicable to this Option. The Committee may
      condition the issuance of Shares upon the Optionee’s satisfaction of such
      withholding obligations. The Optionee may elect to satisfy all or part of
      such withholding requirement by tendering previously-owned Shares or by
      having the Company withhold Shares having a Fair Market Value equal to the
      minimum statutory tax withholding rate that could be imposed on the
      transaction (or such other rate that will not result in a negative
      accounting impact) or in such other manner as is acceptable to the
      Company. Such election shall be irrevocable, made in writing, signed by
      the Optionee, and shall be subject to any restrictions or limitations that
      the Committee, in its sole discretion, deems appropriate.
		       	
	3.	Method of Payment. Pursuant to Section 6(f) of the Plan and subject to
      such limitations as the Committee may impose (including prohibition of one
      or more of the following payment methods), payment of the Exercise Price
      may be made in cash or by check, Shares or a combination
  thereof.
	       
	4.	Termination of Employment or
      Service and Expiration of Exercise Period.
	       
		a.	Termination of Employment or
      Service. If the Optionee’s employment
      or service with the Company and its Subsidiaries is terminated, the
      Optionee may exercise all or part of this Option prior to the expiration
      dates set forth in paragraph (b) herein, but only to the extent that the
      Option had become vested before the Optionee’s employment or service
      terminated. Notwithstanding the above, if the Optionee’s termination of
      employment or service (1) is due to Retirement and is more than 12 months
      from the Date of Grant set forth in this Agreement, or (2) is due to death
      or Disability, the Option shall become 100% vested and shall remain
      exercisable until the expiration dates determined pursuant to paragraph
      (b) of this Section.
	       
			When the Optionee’s employment or
      service with the Company and its Subsidiaries terminates (except when due
      to Retirement, death or Disability), this Option shall expire immediately
      with respect to the number of Shares for which the Option is not yet
      vested. If the Optionee dies after termination of employment or service,
      but before the expiration of the Option, all or part of this Option may be
      exercised (prior to expiration) by the personal representative of the
      Optionee or by any person who has acquired this Option directly from the
      Optionee by will, bequest or inheritance, but only to the extent that the
      Option was vested and exercisable upon termination of the Optionee’s
      employment or service.
	       
		b.	Expiration of Exercise
      Period. Upon termination of the
      Optionee’s employment or service with the Company and its Subsidiaries,
      the Option shall expire on the earliest of the following
    occasions:
	       
			i.	The Expiration Date;
		       	       	
			ii.	The date ninety (90) days following the termination of
      the Optionee’s employment or service for any reason other than Cause,
      death, Disability, or Retirement;
	       
			iii.	The date one year following the termination of the
      Optionee’s employment or service due to death or Disability;
	       
			iv.	The date five (5) years following the termination of the
      Optionee’s employment or service due to Retirement, provided the
      Optionee’s Retirement is more than 12 months from the Date of Grant set
      forth in this Agreement; or
	       
			v.	The date of termination of the Optionee’s employment or
      service for Cause.
	       
		c.	Definition of
      “Retirement.” For purposes of this
      Agreement, the Optionee’s employment or service shall be deemed to have
      terminated due to “Retirement” if the Optionee terminates employment or
      service as an Employee for any reason, including Disability (but other
      than for Cause) after (1) twenty (20) or more years of “vesting service”
      as defined in The Clorox Company Pension Plan (“Vesting Service”), or (2)
      attaining age fifty-five (55) with ten (10) or more years of Vesting
      Service.

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		d.	Definition of
      “Disability.” For purposes of this
      Agreement, the Optionee’s employment shall be deemed to have terminated
      due to the Optionee’s Disability if the Optionee is entitled to long-term
      disability benefits under the Company’s long-term disability plan or
      policy, as in effect on the date of termination of the Optionee’s
      employment.
	      
    	       	
	5.	Change in
      Control. Upon the occurrence of a
      Change in Control, unless otherwise specifically prohibited under
      Applicable Laws or by the rules and regulations of any governing
      governmental agencies or national securities exchanges, the Option shall
      become 100% vested and immediately exercisable, unless such Option is
      assumed, converted or replaced by the continuing entity; provided,
      however, that in the event the Participant’s employment is terminated
      without Cause or by the Participant for Good Reason upon or within
      twenty-four (24) months following consummation of a Change in Control, any
      replacement awards will become immediately exercisable. For purposes of
      this Agreement, the term “Good Reason” shall have the meaning set forth in
      any employment agreement or severance agreement or policy applicable to
      the Optionee. If the Optionee is not a party to any agreement or covered
      by a policy in which a definition of “Good Reason” is provided, then the
      following definition shall apply:
	      
  
		“Good Reason” means
      resignation of the Optionee in connection with the occurrence of any of
      the following events without the Optionee’s written consent (provided that
      notice of such event is provided within 90 days following the first
      occurrence thereof):
	      
  
		a.	The assignment to the
      Optionee of any duties inconsistent in any material respect with the
      Optionee’s position (including offices, titles and reporting
      requirements), authority, duties or responsibilities as they existed at
      any time during the 120-day period immediately preceding the Change in
      Control, or any other action by the Company which results in a material
      diminution in such position, authority, duties or responsibilities,
      excluding for this purpose an isolated, insubstantial and inadvertent
      action not taken in bad faith and which is remedied by the Company
      promptly after receipt of notice thereof given by the Optionee;
    or
	      
  
		b.	Any material reduction
      by the Company of the Optionee’s Base Salary or bonus target, other than
      an isolated, insubstantial and inadvertent failure not occurring in bad
      faith and which is remedied by the Company promptly after receipt of
      notice thereof given by the Optionee; or
	      
  
		c.	The Company requires
      the Optionee to be based at any office or location which increases his
      commute by more than 50 miles from his commute immediately prior to the
      Change in Control.
	      
  
		Any notice provided by
      the Optionee under this “Good Reason” provision shall mean a written
      notice which (1) indicates the specific termination provision in the Good
      Reason definition relied upon, (2) to the extent applicable, sets forth in
      reasonable detail the facts and circumstances claimed to provide a basis
      for termination of the Optionee’s employment under the provision so
      indicated and (3) the Optionee’s intended separation date if the Company
      does not cure the issue (which date shall be not less than thirty (30)
      days after the giving of such notice).
	      
  
	6.	Transferability of
      Option. This Option shall not be
      transferable by the Optionee other than by will or the laws of descent and
      distribution, and the Option shall be exercisable during the Optionee’s
      lifetime only by the Optionee or on his or her behalf by the Optionee’s
      guardian or legal representative.
	      
  
	7.	Protection of Trade
      Secrets and Limitations on Exercise.
	      
  
		a.	Definitions.
	      
  
			i.	“Affiliated Company” means any organization controlling,
      controlled by or under common control with the Company.
			       	
			ii.	“Confidential Information” means the Company’s technical or
      business or personnel information not readily available to the public or
      generally known in the trade, including inventions, developments, trade
      secrets and other confidential information, knowledge, data and know-how
      of the company or any Affiliated Company, whether or not they originated
      with the Optionee, or information which the Company or any Affiliated
      Company received from third parties under an obligation of
      confidentiality.

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		iii.	“Conflicting Product” means any product, process, machine, or
      service of any person or organization, other than the Company or any
      Affiliated Company, in existence or under development that (1) resembles
      or competes with a product, process, machine, or service upon or with
      which the Optionee shall have worked during the two years prior to the
      Optionee’s termination of employment with the Company or any Affiliated
      Company or (2) with respect to which during that period of time the
      Optionee, as a result of his/her job performance and duties, shall have
      acquired knowledge of Confidential Information, and whose use or
      marketability could be enhanced by application to it of Confidential
      Information. For purposes of this section, it shall be conclusively
      presumed that the Optionee has knowledge of information to which s/he has
      been directly exposed through actual receipt or review of memorandum or
      documents containing such information or through actual attendance at
      meetings at which such information was discussed or
disclosed.
	      
    	       	
		iv.	“Conflicting Organization” means any person or organization that
      is engaged in or about to become engaged in research on or development,
      production, marketing or selling of a Conflicting Product.
	      
  
	b.	Right to Retain
      Shares Contingent on Protection of Confidential
      Information. In partial consideration
      for the award of this Option, the Optionee agrees that at all times, both
      during and after the term of the Optionee’s employment with the Company or
      any Affiliated Company, to hold in the strictest confidence, and not to
      use (except for the benefit of the Company at the Company’s direction) or
      disclose (except for the benefit of the Company at the Company’s
      direction), regardless of when disclosed to the Optionee, any and all
      Confidential Information of the Company or any Affiliated Company. The
      Optionee understands that for purposes of this Section 7(b), Confidential
      Information further includes, but is not limited to, information
      pertaining to any aspect of the business of the Company or any Affiliated
      Company which is either information not known (or known as a result of a
      wrongful act of the Optionee or of others who were under confidentiality
      obligations as to the item or items involved) by actual or potential
      competitors of the Company or other third parties not under
      confidentiality obligations to the Company. If, prior to the expiration of
      the Option or at any time within one (1) year after the date of exercise
      of all or any portion of the Option, the Optionee discloses or uses, or
      threatens to disclose or use, any Confidential Information other than in
      the course of performing authorized services for the Company (or any
      Affiliated Company), the unexercised portion of the Option, whether vested
      or not, will be immediately forfeited and cancelled, and the Optionee
      shall immediately return to the Company the Shares or the pre-tax income
      derived from any disposition of the Shares.
	      
  
	c.	No Interference with
      Customers or Suppliers. In partial
      consideration for the award of this Option, in order to forestall the
      disclosure or use of Confidential Information as well as to avoid the
      Optionee’s intentional interference with the contractual relations of the
      Company or any Affiliated Company, the Optionee’s intentional interference
      with prospective economic advantage of the Company or any Affiliated
      Company and to promote fair competition, the Optionee agrees that the
      Optionee’s right to exercise this Option is contingent upon the Optionee
      refraining, prior to the expiration of the Option and for a period of one
      (1) year after the date of exercise, for himself/herself or any third
      party, directly or indirectly, from using Confidential Information to (1)
      divert or attempt to divert from the Company (or any Affiliated Company)
      any business of any kind in which it is engaged, or (2) intentionally
      solicit its customers with which it has a contractual relationship as to
      Conflicting Products, or interfere with the contractual relationship with
      any of its suppliers or customers (collectively, “Interfere”). If, during
      the term of the Option or at any time within one (1) year after the date
      of exercise of all or any portion of the Option, the Optionee breaches
      his/her obligation not to Interfere, the Optionee’s right to the Shares
      upon exercise of the Option shall not have been earned and the unexercised
      portion of the Option, whether vested or not, will be immediately
      cancelled, and the Optionee shall immediately return to the Company any
      Shares acquired upon exercise of the Option or the pre-tax income derived
      from any disposition of such Shares. For avoidance of doubt, the term
      “Interfere” shall not include any advertisement of Conflicting Products
      through the use of media intended to reach a broad public audience (such
      as television, cable or radio broadcasts, or newspapers or magazines) or
      the broad distribution of coupons through the use of direct mail or
      through independent retail outlets. THE
      OPTIONEE UNDERSTANDS THAT THIS PARAGRAPH IS NOT INTENDED TO AND DOES NOT
      PROHIBIT THE CONDUCT DESCRIBED, BUT PROVIDES FOR THE CANCELLATION OF THE UNEXERCISED PORTION OF THE OPTION AND A RETURN TO
      THE COMPANY OF THE SHARES OR THE GROSS TAXABLE PROCEEDS OF SHARES
      ISSUED UPON AN EXERCISE OF THE OPTION IF THE OPTIONEE SHOULD CHOOSE TO VIOLATE
      THIS “NO INTERFERENCE WITH CUSTOMERS OR SUPPLIERS” PROVISION PRIOR TO THE
      EXPIRATION OF THE OPTION
      OR WITHIN ONE (1) YEAR AFTER
      EXERCISE.
  

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    	d.	No Solicitation of Employees. In partial consideration for the award of
      this Option, in order to forestall the disclosure or use of Confidential
      Information, as well as to deter the Optionee’s intentional interference
      with the contractual relations of the Company or any Affiliated Company,
      the Optionee’s intentional interference with prospective economic
      advantage of the Company or any Affiliated Company, and to promote fair
      competition, the Optionee agrees that the Optionee’s right to exercise
      this Option is contingent upon the Optionee refraining, prior to the
      expiration of the Option and for a period of one (1) year after the date
      of exercise, for himself/herself or any third party, directly or
      indirectly, from soliciting for employment any person employed by the
      Company, or by any Affiliated Company, during the period of the solicited
      person’s employment and for a period of one (1) year after the termination
      of the solicited person’s employment with the Company or any Affiliated
      Company (collectively “Solicit”). If, during the term of the Option or at
      any time within one (1) year after the date of exercise of all or any
      portion of the Option, the Optionee breaches his/her obligation not to
      Solicit, the Optionee’s right to the Shares upon exercise of the Option
      shall not have been earned and the unexercised portion of the Option,
      whether vested or not, will be immediately cancelled, and the Optionee
      shall immediately return to the Company any Shares acquired upon exercise
      of the Option or the pre-tax income derived from any disposition of such
      Shares. THE OPTIONEE
      UNDERSTANDS THAT THIS PARAGRAPH IS NOT INTENDED TO AND DOES NOT PROHIBIT
      THE CONDUCT DESCRIBED, BUT PROVIDES FOR THE CANCELLATION OF THE
      UNEXERCISED PORTION OF THE OPTION AND A RETURN TO THE COMPANY OF THE
      SHARES OR THE GROSS TAXABLE PROCEEDS OF SHARES ISSUED UPON AN EXERCISE OF
      THE OPTION IF THE OPTIONEE SHOULD CHOOSE TO VIOLATE THIS NON-SOLICITATION
      OF EMPLOYEES PROVISION PRIOR TO THE EXPIRATION OF THE OPTION OR WITHIN ONE
      (1) YEAR AFTER EXERCISE.
		      
    	
		e.	Injunctive and Other Available
      Relief. By acceptance of
      this Option, the Optionee acknowledges that, if the Optionee were to
      breach or threaten to breach his/her obligation hereunder not to Interfere
      or Solicit or not to disclose or use any Confidential Information other
      than in the course of performing authorized services for the Company (or
      any Affiliated Company), the harm caused to the Company by such breach or
      threatened breach would be, by its nature, irreparable because, among
      other things, damages would be significant and the monetary harm that
      would ensue would not be able to be readily proven, and that the Company
      would be entitled to injunctive and other appropriate relief to prevent
      threatened or continued breach and to such other remedies as may be
      available at law or in equity. To the extent not prohibited by law, any
      cancellation of the Option pursuant to any of Sections 7(b) through 7(d)
      above shall not restrict, abridge or limit in any fashion the types and
      scope of injunctive and other available relief to the Company.
      Notwithstanding any provision of this Agreement to the contrary, nothing
      under this Agreement shall limit, abridge, modify or otherwise restrict
      the Company (or any Affiliated Company) from pursuing any or all legal,
      equitable or other appropriate remedies to which the Company may be
      entitled under any other agreement with the Optionee, any other plan,
      program, policy or arrangement of the Company (or any Affiliated Company)
      under which the Optionee is covered or participates, or any applicable
      law, all to the fullest extent not prohibited under applicable
    law.
		       	
	8.	Right to Retain
      Shares Contingent on Continuing Non-Conflicting Employment. In partial consideration for the award of
      this Option in order to forestall the disclosure or use of Confidential
      Information, as well as to deter the Optionee’s intentional interference
      with the contractual relations of the Company or any Affiliated Company,
      the Optionee’s intentional interference with prospective economic
      advantage of the Company or any Affiliated Company, and to promote fair
      competition, the Optionee agrees that the Optionee’s right to exercise
      this Option is contingent upon the Optionee refraining, prior to the
      expiration of the Option and for a period of one (1) year after the date
      of exercise, from rendering services, directly or indirectly, as director,
      officer, employee, agent, consultant or otherwise, to any Conflicting
      Organization except a Conflicting Organization whose business is
      diversified and that, as to that part of its business to which the
      Optionee renders services, is not a Conflicting Organization, provided
      that the Company shall receive separate written assurances satisfactory to
      the Company from the Optionee and the Conflicting Organization that the
      Optionee shall not render services during such period with respect to a
      Conflicting Product. If, prior to the expiration of the Option or at any
      time within one (1) year after the date of exercise of all or any portion
      of the Option, the Optionee shall render services to any Conflicting
      Organization other than as expressly permitted herein, the Optionee’s
      right to the Shares upon exercise of the Option shall not have been earned
      and the unexercised portion of the Option, whether vested or not, will be
      immediately cancelled, and the Optionee shall immediately return to the
      Company any Shares acquired upon exercise of the Option or the pre-tax
      income derived from any disposition of such Shares. THE OPTIONEE UNDERSTANDS THAT THIS PARAGRAPH
      IS NOT INTENDED TO AND DOES NOT PROHIBIT THE OPTIONEE FROM RENDERING
      SERVICES TO A CONFLICTING ORGANIZATION, BUT PROVIDES FOR THE CANCELLATION
      OF THE UNEXERCISED PORTION OF THE OPTION AND A RETURN TO THE COMPANY OF
      THE SHARES OR THE GROSS TAXABLE PROCEEDS OF SHARES ISSUED UPON AN EXERCISE
      OF THE OPTION IF THE OPTIONEE SHOULD CHOOSE TO RENDER SUCH SERVICES PRIOR
      TO THE EXPIRATION OF THE OPTION OR WITHIN ONE (1) YEAR AFTER
      EXERCISE.

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-

	9.	Repayment
      Obligation. In the event
      that (1) the Company issues a significant restatement of financial results
      and (2) the Committee determines, in good faith, that the Optionee’s fraud
      or misconduct was a significant contributing factor to such restatement
      and (3) some or all of the Option that was granted and/or vested prior to
      such restatement would not have been granted and/or vested, as applicable,
      based upon the restated financial results, the Optionee shall immediately
      return to the Company the unexercised portion of the Option and any Shares
      or the pre-tax income derived from any disposition of the Shares
      previously received in upon exercise of the Option that would not have
      been granted and/or vested based upon the restated financial results.
      Notwithstanding anything herein to the contrary, in no event shall the
      Repayment Obligation apply to any portion of the Option that vested more
      than four years prior to the date the applicable restatement is announced.
      The Company shall be able to enforce the Repayment Obligation by all legal
      means available, including, without limitation, by withholding such amount
      from other sums owed by the Company to the Optionee.
	      
    	
	10.	Miscellaneous
      Provisions.
	      
    
		a.	Rights as a Stockholder. Neither the Optionee nor the Optionee’s
      transferee or representative shall have any rights as a stockholder with
      respect to any Shares subject to this Option until the Option has been
      exercised and Share certificates have been issued to the Optionee,
      transferee or representative, as the case may be.
		      
    	
		b.	Choice of Law, Exclusive Jurisdiction and
      Venue. This Agreement shall
      be governed by, and construed in accordance with, the laws of the State of
      Delaware, excluding any conflicts or choice of law rule or principle that
      might otherwise refer construction or interpretation of this Agreement to
      the substantive law of another jurisdiction. The courts of the State of Delaware shall
      have exclusive jurisdiction over any disputes or other proceedings
      relating to this Agreement, and venue shall reside with the courts in New
      Castle County, Delaware, including if jurisdiction shall so permit, the
      U.S. District Court for the District of Delaware. Accordingly, the Optionee agrees that any
      claim of any type relating to this Agreement must be brought and
      maintained in the appropriate court located in New Castle County,
      Delaware, including if jurisdiction will so permit, in the U.S. District
      Court for the State of Delaware. The Optionee hereby consents to the
      jurisdiction over the Optionee of any such courts and waives all
      objections based on venue or inconvenient forum.
	      
    
		c.	Modification or Amendment. This Agreement may be modified or amended
      by the Board or the Committee at any time; provided, however, no
      modification or amendment to this Agreement shall be made which would
      materially and adversely affect the rights of the Optionee, without such
      Optionee’s written consent.
		       	
		d.	Severability. In the event any provision of this
      Agreement shall be held illegal or invalid for any reason, the illegality
      or invalidity shall not affect the remaining provisions of this Agreement,
      and this Agreement shall be construed and enforced to reflect the intent
      of the parties to the fullest extent not prohibited by law, and in the
      event that such provision is not able to be so construed and enforced,
      then this Agreement shall be construed and enforced as if such illegal or
      invalid provision had not been included. In amplification of the preceding
      sentence, in the event that the time period or scope of any provision is
      declared by a court or arbitrator of competent jurisdiction to exceed the
      maximum time period or scope that such court or arbitrator deems
      enforceable, then such court or arbitrator shall have the power to reduce
      the time period or scope to the maximum time period or scope permitted by
      law.

	      
    	e.	References to Plan. All references to the Plan shall be deemed
      references to the Plan as may be amended.
		      
    	
		f.	Headings. The captions used in this Agreement are
      inserted for convenience and shall not be deemed a part of this Option for
      construction or interpretation.
		       
		g.	Interpretation. Any dispute regarding the interpretation
      of this Agreement shall be submitted by the Optionee or by the Company
      forthwith to the Board or the Committee, which shall review such dispute
      at its next regular meeting. The resolution of such dispute by the Board
      or the Committee shall be final and binding on all persons. It is the
      intention of the Company and the Optionee to make the promises contained
      in this Agreement reasonable and binding only to the extent that it may be
      lawfully done under existing applicable laws. This Agreement and the Plan
      constitute the entire and exclusive agreement between the Optionee and the
      Company, and it supersedes all prior agreements or understandings, whether
      written or oral, with respect to the grant of Options set forth in this
      Agreement.

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-

		h.	Section 409A Compliance. To the extent applicable, it is intended that the
      Plan and this Agreement comply with the requirements of Section 409A of
      the Internal Revenue Code of 1986, as amended (the “Code”) and any related
      regulations or other guidance promulgated with respect to such Section by
      the U.S. Department of the Treasury or the Internal Revenue Service
      (“Section 409A”). Any provision of the Plan or this Agreement that would
      cause this Award to fail to satisfy Section 409A shall have no force or
      effect until amended to comply with Section 409A, which amendment may be
      retroactive to the extent permitted by Section 409A.
	      
    	      
    	
		i.	Agreement with Terms. Receipt of any benefits under this
      Agreement by the Optionee shall constitute the Optionee’s acceptance of
      and agreement with all of the provisions of this Agreement and of the Plan
      that are applicable to this Agreement, and the Company shall administer
      this Agreement accordingly.

		
      THE CLOROX
      COMPANY
  

	
      By:
	
	Its:      
      	Chairman of the Board and
  CEO

THE OPTIONEE ACKNOWLEDGES AND AGREES THAT
THIS AGREEMENT IS A UNILATERAL CONTRACT AND THAT THE OPTIONEE’S RIGHT TO THE
SHARES PURSUANT TO THE OPTION HEREOF IS ACCEPTED AND EARNED ONLY BY CONTINUING
EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING
GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER) AND BY
COMPLIANCE WITH THE OPTIONEE’S VARIOUS OBLIGATIONS UNDER THIS AGREEMENT. THE
OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN
THE PLAN, SHALL CONFER UPON THE OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION
OF EMPLOYMENT BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH THE
OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE OPTIONEE’S EMPLOYMENT
AT ANY TIME, FOR ANY REASON OR NO REASON, WITH OR WITHOUT CAUSE, AND WITH OR
WITHOUT ADVANCE NOTICE EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW. 

The Optionee acknowledges that a copy of
the Plan, Plan Information and the Company’s Annual Report and Proxy Statement
(the “Prospectus Information”) are available for viewing on the Company’s
Cloroxweb site at http://CLOROXWEB.clorox.com/hr/stock.
The Optionee hereby consents to receive the Prospectus Information
electronically, or, in the alternative, to contact the HR Service Center at
1-800-709-7095 to request a paper copy of the Prospectus Information. The
Optionee represents that s/he is familiar with the terms and provisions thereof,
and hereby accepts this Agreement subject to all of the
terms and provisions thereof. The Optionee has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Agreement and fully understands all provisions
of this Agreement. The Optionee acknowledges and hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Committee
upon any questions arising under the Plan or this Agreement. The Optionee
further agrees to notify the Company upon any change in the residence address
indicated below. 
	Dated: 	 	 Signed: 		
				             Optionee	

	Residence Address:	
	 	
	 	 

- 7
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