Document:

Change in Control Agreement between The Clorox Company and Donald R. Knauss

 Exhibit 10.56 
 AMENDED AND RESTATED 
 CHANGE IN CONTROL AGREEMENT 
 THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (the “Agreement”), dated as of February 7, 2008 and originally dated as of
August 25, 2006, is between THE CLOROX COMPANY, a Delaware corporation (the “Company”) and Donald Knauss (the “Executive”). 
 The Board of Directors of the Company (the “Board”) believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or
threatened Change in Control and to encourage the Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change in Control, and to provide the Executive with compensation and benefits
arrangements upon a Change in Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the
Board has caused the Company to enter into this Agreement. 
 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 
 1. Certain Definitions. 
 (a) The
“Effective Date” shall mean the first date during the Change in Control Period (as defined in Section 1(b)) on which a Change in Control (as defined in Section 2) occurs. Anything in this Agreement to the contrary
notwithstanding, if a Change in Control occurs and if the Executive’s employment with the Company is terminated prior to the date on which the Change in Control occurs, and if it is reasonably demonstrated by the Executive that such termination
of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control or (ii) otherwise arose in connection with or anticipation of a Change in Control, then for all purposes of this
Agreement the “Effective Date” shall mean the date immediately prior to the date of such termination of employment and this Agreement shall govern in place of the Executive’s Current Agreement (as defined in Section 3(a) below).

 (b) The “Change in Control Period” shall mean the period commencing on the date on which the Executive’s employment with
the Company begins and ending on the third anniversary of the date thereof; provided, however, that commencing on the last day before the third anniversary of the date thereof, and on each annual anniversary of such date (such date and each annual
anniversary thereof shall be hereinafter referred to as the “Renewal Date”), unless previously terminated, the Change in Control Period shall be automatically extended one additional year from such Renewal Date, unless at least one hundred
eighty (180) days prior to the Renewal Date the Company shall give notice to the Executive that the Change in Control Period shall not be so extended; provided, the Company shall not be permitted to give such notice unless it also has given the
Executive a non-renewal notice pursuant to Section 1(b) of the Current Agreement (as defined in Section 3(a) below). 

 (c) The “Separation Period” shall mean the period from the Date of Termination through the
third anniversary of the Date of Termination. 
 (d) “Annual Bonus” shall mean the annual award the Executive receives in any year
under the Company’s Annual Incentive Plan (“AIP Plan”) and/or the Company’s Executive Incentive Compensation Plan (“EIC Plan”) or any successors thereto. 
 (e) The “Average Annual Bonus” shall mean the average Annual Bonus the Executive received for the three (3) completed fiscal years
immediately preceding the Date of Termination , or the average Annual Bonus for the actual number of completed fiscal years immediately preceding the Date of Termination if less than three (3), provided that the First Year Bonus Target shall
be used in the event that the Date of Termination occurs prior to the date that the Executive receives (or is entitled to receive, together with other senior executives if earlier) his Annual Bonus, if any, for the fiscal year ending June 30,
2007. 
 (f) “Bonus Target” means the Annual Bonus that the Executive would have received in a fiscal year under the AIP Plan
and/or the EIC Plan, if the target goals had been achieved. 
 (g) “First Year Bonus Target” means the Executive’s Bonus
Target as of the Effective Date. 
 2. Change in Control. For the purpose of this Agreement, a “Change in Control” shall mean:

 (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of (i) 50% of either the total fair market value or the
combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”), or (ii) during a 12 month period ending on the date
of the most recent acquisition by such Person, 30% of the Outstanding Company Voting Securities; provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company, including any acquisition which by reducing the number of shares outstanding, is the sole cause for increasing the percentage of shares beneficially owned by any such
Person to more than the applicable percentage set forth above, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any
acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection (c) of this Section 2; or 
 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason within any period of 12 months to constitute at least a majority of the Board; provided, however,
that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board,
shall be considered as though such individual were a member of the Incumbent Board, but excluding, for 

  

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this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the
election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 
 (c) Consummation by the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another corporation (a
“Business Combination”), in each case, unless, following such Business Combination, (i) more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including without limitation, a corporation which as a result of such transaction owns the Company
or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) is represented by Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively, that were outstanding
immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Outstanding Company Common Stock and Outstanding Company Voting Securities were converted pursuant to such Business Combination) and such
ownership of common stock and voting power among the holders thereof is in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting
Securities, as the case may be, (ii) no Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of,
respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership
existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the
initial agreement, or of the action of the Board, providing for such Business Combination. 
 Notwithstanding any other provision in this Section 2, any
transaction defined in Section 2(a) through (c) above that does not constitute a “change in the ownership or effective control” of the Company, or “change in the ownership of a substantial portion of the assets” of the
Company within the meaning of Treasury Regulations 1.409A-3(a)(5) and 1.409A-3(i)(5) shall not be treated as a Change in Control. Executive understands that the Company has commenced the process of reviewing its various compensatory plans,
agreements, programs, policies and arrangements for compliance with Section 409A (as defined in Section 15) and Executive hereby agrees that the Company may unilaterally amend the definition of “Change in Control” in this
Section 2 in a manner recommended by its counsel with the intent of complying with the requirements of Section 409A. 
 3. Employment
Period. 
 (a) This Agreement shall become effective on the Effective Date. Before the Effective Date, the terms and conditions of
the Executive’s employment shall be as set forth in the Amended and Restated Employment Agreement between the Executive and the Company dated of even date herewith (the “Current Agreement”) during the term thereof. From and after the
Effective Date, this Agreement shall supersede the Current Agreement and any other agreement between the parties with respect to the subject matter hereof. 
  

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 (b) The Company 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, for the period commencing on the Effective Date and ending on the earlier of the second anniversary of such date or the first day of the month following the
Executive’s 65th birthday (the “Employment Period”). 
 4. Terms of Employment. 
 (a) Position and Duties. 
 (i) During the Employment Period, (A) the Executive’s position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the
most significant of those held, exercised and assigned to the Executive at any time during the 120-day period immediately preceding the Effective Date and (B) the Executive’s services shall be performed at the location where the Executive
was employed immediately preceding the Effective Date or any office or location not requiring the Executive’s commute to increase by more than 40 miles from his commute immediately prior to the Change in Control. 
 (ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive
agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive’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, provided that with respect to any corporate board, such service has been pre-approved by the Presiding Director of the Company, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions on a part-time
basis not to exceed five hours per week in the aggregate and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive’s responsibilities as an employee of the Company
in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted 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 the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive’s responsibilities to the Company. 
 (b) Compensation. 
 (i) Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”), which shall be paid at a monthly rate, at least equal to twelve times the highest monthly base salary
paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its affiliated 

  

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companies in respect of the twelve-month period immediately preceding the month in which the Effective Date occurs. During the Employment Period, the Annual
Base Salary shall be reviewed no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date and thereafter at least annually. Any increase in Annual Base Salary shall not serve to limit or reduce any
other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as so increased. As used in this
Agreement, the term “affiliated companies” shall include any company controlled by, controlling or under common control with the Company. 
 (ii) Annual Bonus. In addition to Annual Base Salary, the Executive shall have the opportunity to earn, for each fiscal year ending during the Employment Period, an Annual Bonus in cash at least equal to the
highest Annual Bonus the Executive had the opportunity to earn for any of the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year).
Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall have elected to defer the receipt of such Annual Bonus
within 30 days after the Executive’s employment Effective Date (as defined in Section 1(a) of the Current Agreement), or before the calendar year in which the Annual Bonus is earned or, if later, with respect to an Annual Bonus that
qualifies as performance-based compensation under Section 409A (as defined in Section 16 below), no less than six months before the end of the applicable bonus performance period; provided that the Executive performs services continuously
from the later of the beginning of the performance period or the date the performance criteria are established through the date an election is made and provided further that in no event may a deferral be made after such compensation has become
readily ascertainable as set forth in Code Section 409A (as defined in Section 16 below). 
 (iii) Incentive,
Savings and Retirement Plans. 
 A. During the Employment Period, the Executive shall be entitled to participate in all
incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the
Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case,
less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period
immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies. 
 B. With respect to any unvested restricted stock units and stock options granted to the Executive in Section 3(b) of the Current
Agreement prior to the Effective Date, in the event the continuing entity does not assume or replace such awards with equivalent value awards upon a Change in Control, such awards shall immediately vest upon the Effective Date (provided that the
Executive shall participate in such Change in Control respecting such fully vested awards). 
  

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 (iv) 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 welfare benefit plans, practices, policies and programs provided by the Company and its affiliated companies (including, without
limitation, medical, prescription drugs, dental, disability, salary continuance, severance pay, employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives
of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices,
policies and programs in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer
executives of the Company and its affiliated companies. 
 (v) Expenses. During the Employment Period, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its affiliated companies in effect for the Executive
at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

 (vi) Fringe Benefits. During the Employment Period, the Executive shall be entitled to fringe benefits, including,
without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and
its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer
executives of the Company and its affiliated companies. 
 (vii) Office and Support Staff. During the Employment
Period, the Executive shall be entitled to an office or offices of a size and with furnishings and other appointments, and to exclusive personal secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the
Executive by the Company and its affiliated companies at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as provided generally at any time thereafter with respect to other peer
executives of the Company and its affiliated companies. 
 (viii) Vacation. During the Employment Period, the Executive
shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding
the Effective Date or, to the extent of the more favorable, if either is more favorable, to the Executive, (x) five (5) weeks per year or (y) as in effect generally at any time thereafter with respect to other peer executives of the
Company and its affiliated companies. 
  

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 (ix) Supplemental Executive Retirement Plan. The Executive shall continue to be
eligible to receive supplemental executive retirement plan benefits equal to the greater of the amount attributable to the Company SERP or the Replacement SERP, as described below: 
 A. Company SERP. The Executive will be eligible to continue to participate in the Company’s Supplemental Executive Retirement
Plan (the “Company SERP”) in accordance with the terms and conditions of the Company SERP as in effect 120 days preceding the Effective Date, unless provision is made by the Board in connection with the Change in Control for the
substitution of a comparable supplemental retirement plan for the benefit of the Executive that is effective on the Effective Date; provided, however, that, to the extent not vested, the Executive shall be fully vested and eligible for an Early
Retirement Benefit (at Separation of Employment) (each such term as defined under the SERP) upon completion of seven (7) years of service with the Company, and otherwise as provided in the Company SERP. 
 B. Replacement SERP. The Company shall also continue the supplemental executive retirement plan for the benefit of the Executive
(and his surviving spouse in the event of the Executive’s death) that duplicates the rights and benefits the Executive would have been entitled to under The Coca-Cola Company Employee Retirement Plan and The Coca-Cola Company Supplemental
Benefit Plan — Pension, as in effect on the date hereof, had his employment with The Coca-Cola Company continued until the Executive’s retirement or other termination of employment with the Company (the “Replacement SERP”) and
which shall be subject to the following terms for purposes of attributing the amount attributable to the Replacement SERP: 
 (1) final
average compensation for purposes of the Replacement SERP shall include the actual Annual Base Salary and bonuses paid by the Company to the Executive and, to the extent needed to obtain five years of consecutive annual compensation, the
Executive’s actual annual base salary and bonuses paid by The Coca-Cola Company prior to the Executive’s retirement; 
 (2) the
Executive shall be fully vested at all times in the Replacement SERP benefit; 
 (3) in the event that the Executive’s employment with
the Company terminates prior to the third anniversary of the Effective Date, the Executive shall be credited with a minimum of three (3) years of benefit accruals under the Replacement SERP; and 
 (4) the Executive’s service with The Coca-Cola Company under such plans shall be credited as service under the Replacement SERP and any benefits to
which the Executive becomes entitled under the Replacement SERP shall be offset by benefits received by the Executive under The Coca-Cola Company Employee Retirement Plan and Supplemental Benefit Plan — Pension. 
  

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 (x) Relocation and Housing Expenses. The Executive shall be entitled to the full
benefit of the provisions of Section 3(g) of the Current Agreement, to the extent not paid or provided prior to the Effective Date. 
 (xi) Retiree Benefits. The Executive shall be entitled to the full benefit of the provisions of Section 3(j) of the Current Agreement, in accordance with the terms of such plans identified therein as in
effect 120 days prior to the Effective Date. 
 5. Termination of Employment. 
 (a) Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment
Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with
Section 12(b) of this Agreement of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the
Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive’s duties. For purposes of this Agreement,
“Disability” shall mean the Executive (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, or (ii) is receiving income replacement benefits for a period of not less than three months under the Company’s accident and health plans by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 
 (b) Cause. The Company may terminate the Executive’s employment during the Employment Period for Cause. For purposes of this Agreement, “Cause” shall mean: 
 (i) the willful and continued failure of the Executive to perform substantially the Executive’s duties with the Company or one of its
affiliates (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board which specifically identifies the manner in which the
Board believes that the Executive has not substantially performed the Executive’s duties, or 
 (ii) the willful engaging
by the Executive in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company. 
 For purposes of this provision, no
act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the
best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be
done, by the Executive in good faith and in the best interests of the Company. The cessation of employment of the Executive shall not be deemed to 

  

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be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard
before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct described in subparagraph (i) or (ii) above, and specifying the particulars thereof in detail. 
 (c) Good Reason. The Executive’s employment may be terminated by the Executive for Good Reason provided the Executive delivers the written
notice to the Company set forth in Section 5(d) and the Company fails to cure the issue. For purposes of this Agreement, “Good Reason” shall mean: 
 (i) the assignment to the Executive of any duties inconsistent in any material respect with the Executive’s position (including
status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 4(a) of this Agreement, 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 Executive; 
 (ii) any failure by the Company to comply with any of the material provisions of Section 4(b) of this Agreement, 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 Executive; 
 (iii) the Company’s requiring the Executive to be based at any office or location other than as provided in Section 4(a)(i)(B)
hereof; 
 (iv) any purported termination by the Company of the Executive’s employment otherwise than as expressly
permitted by this Agreement; or 
 (v) any material failure by the Company to comply with and satisfy Section 11(c) of
this Agreement. 
 Notwithstanding the above, a failure by the Company’s stockholders to elect the Executive to the Board shall not constitute Good
Reason, but a failure by the Board to nominate the Executive to the Board at any time shall constitute Good Reason. 
 (d) Notice of
Termination. 
 (i) Any termination by the Company for Cause shall be communicated by Notice of Termination for Cause to
the Executive given in accordance with Section 12(b) of this Agreement. For purposes of this Agreement, a “Notice of Termination for Cause” means a written notice which (X) indicates the specific termination provision in this
Agreement relied upon, (Y) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (Z) if the
Date of Termination (as defined in Section 5(e) below) is other than the 

  

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date of receipt of such notice, specifies the termination date (which date shall be not more than thirty days after the giving of such notice). The failure
by the Company to set forth in the Notice of Termination for Cause any fact or circumstance which contributes to a showing of Cause shall not waive any right of the Company hereunder or preclude the Company from asserting such fact or circumstance
in enforcing the Company’s rights hereunder. 
 (ii) Any termination by the Executive for Good Reason shall be
communicated by Notice of Termination for Good Reason to the Company within a period not to exceed 90 days of the initial existence of the condition and given in accordance with Section 12(b) of this Agreement. For purposes of this Agreement, a
“Notice of Termination for Good Reason” means a written notice which (X) indicates the specific termination provision in this Agreement relied upon, (Y) to the extent applicable, sets forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (Z) the Executive’s intended Date of Termination (as defined in Section 5(e) below) if the Company does
not cure the issue (which date shall be not less than thirty days after the giving of such notice). After receipt by the Company of the Notice of Termination for Good Reason, the Company shall have at least 30 days during which it may remedy the
condition and thereby cure the event or circumstance constituting “Good Reason”. 
 (e) Date of Termination. “Date of
Termination” means (i) if the Executive’s employment is terminated by the Company for Cause, the date of receipt of the Notice of Termination for Cause or any later date specified therein, as the case may be, (ii) if the
Executive’s employment is terminated by the Executive for Good Reason, the 30th day following receipt by the Company of the Notice of Termination for Good Reason if the Company fails to cure the problem during the 30-day cure period, or any
later date specified in the Notice of Termination for Good Reason, as the case may be, (iii) if the Executive’s employment is terminated by the Company other than for Cause or Disability, the date on which the Company notifies the
Executive of such termination and (iv) if the Executive’s employment is terminated by reason of death or Disability, the date of death of the Executive or the Disability Effective Date, as the case may be. 
 6. Obligations of the Company upon Termination. 
 (a) By the Executive for Good Reason; or by the Company Other Than for Cause, Death or Disability. Subject to Section 6(e), if, during the Employment Period, the Company shall terminate the
Executive’s employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason: 
 (i) the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts: 
 A. the sum of (1) the Executive’s Annual Base Salary through the Date of Termination to the extent not theretofore paid,
(2) any accrued vacation pay, and (3) an amount equal to the following: 
  

					
	Average Annual Bonus	  	 X
	  	 # of days in the current fiscal year
 through the Date of Termination

		  		  	                        365

  

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 in each case to the extent not theretofore paid and in full satisfaction of the rights of the Executive thereto (the sum
of the amounts described in clauses (1), (2), and (3) shall be hereinafter referred to as the “Accrued Obligations”); and 
 B. the amount equal to the following: 
 3         X
        (Annual Base Salary + Average Annual Bonus) 
 C. an amount equal to the
difference between (a) the actuarial equivalent of the aggregate benefits under the Company’s qualified pension and profit-sharing plans (the “Retirement Plans”) and any excess or supplemental pension and profit-sharing plans in
which the Executive participates (collectively, the “Nonqualified Plans”), specifically including the Company SERP and Replacement SERP (whichever of the two plans applies in accordance with the provisions of Section 4(b)(ix) hereof)
which the Executive would have been entitled to receive if the Executive’s employment had continued for the Separation Period, assuming (to the extent relevant) that the Executive’s compensation during the Separation Period would have been
equal to the Executive’s compensation as in effect immediately before the termination or, if higher, on the Effective Date, and that employer contributions to the Executive’s accounts in the Retirement Plans and the Nonqualified Plans
during the Separation Period would have been equal to the average of such contributions for the three years immediately preceding the Date of Termination or, if higher, the three years immediately preceding the Effective Date, and (b) the
actuarial equivalent of the Executive’s actual aggregate benefits (paid or payable), if any, under the Retirement Plans and the Nonqualified Plans as of the Date of Termination (the actuarial assumptions used for purposes of determining
actuarial equivalence shall be no less favorable to the Executive than the most favorable of those in effect under the Retirement Plan and the Nonqualified Plans on the Date of Termination and the date of the Change in Control); 
 (ii) For the Separation Period, the Company shall 
 A. if the Executive participated in a Company self-insured medical plan (which does not satisfy the requirements of
Section 105(h)(2)) immediately prior to the Date of Termination, pay to the Executive or cause to have paid on the Executive’s behalf the sum of (x) the Company’s portion of the premium payable under the Company’s group
health plans for providing health benefits (i.e., medical, dental and vision benefits) to the Executive and to those family members covered through Executive under the Company’s group health plans at the time of the commencement of the
Separation Period, such coverage to be provided under the group health plans in which Executive and his covered family members are participating at the time of the commencement of the Separation Period or elect in accordance with the Company’s
applicable established procedures (reduced by any amounts which Executive is required to pay for such health benefit coverage as described in further detail below), and (y) an additional amount (the “Medical Gross-Up Amount”) intended
to compensate Executive for any additional taxes, if any, for which Executive may become liable as a result of the provision of the benefits described in (x) so that Executive’s after-tax income is not decreased as a result of receiving
the 

  

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benefits described in (x), with such Medical Gross-Up Amount being calculated in accordance with the Company’s reasonable usual and customary procedures
for determining tax gross-up payments, as such procedures may change from time to time. The Company shall pay or cause to have paid all amounts due under this Section 6(a)(ii) in annual installments, with the first installment due or credited
within 30 days after the Date of Termination and subsequent installments being made or credited on the anniversary thereof; provided, however, that subsequent installments may be reduced or eliminated to the extent that Executive becomes eligible
for other health coverage through a subsequent employer; or 
 B. if paragraph A above is not applicable (because the
Executive participated in a health benefit program to which Section 105(h) is not applicable, such as the Company’s HMO immediately prior to the Date of Termination), continue benefits under such health plan on the same basis as an
employee of the Company. 
 The purpose of providing the benefits pursuant to this Section 6(a)(ii) shall be to provide the Executive and/or the
Executive’s covered family members with continued health benefits at least equal to those which would have been provided to them in accordance with the Company’s health plans, programs, practices and policies if the Executive’s
employment had not been terminated or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies and their families (in each case with such
contributions by the Executive as would have been required had the Executive’s employment not been terminated); provided, however, that if the Executive is employed by another employer and is eligible to receive health benefits under another
employer’s group health plans, the health benefits described herein shall be secondary to those provided under such other plans during such applicable period of coverage, and for purposes of determining eligibility (but not the time of
commencement of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies of the Company, the Executive shall be considered to have remained employed during the Separation Period and to have retired on
the last day of such period. The Separation Period shall not be subtracted from the period of months for which the Executive is eligible for benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985; 
 (iii) if the Executive was entitled to receive financial planning and/or tax return preparation benefits immediately before the Date of
Termination, the Company shall continue to provide the Executive with such financial planning and/or tax return preparation benefits with respect to the calendar year in which the Date of Termination occurs (including without limitation the
preparation of income tax returns for that year), on the same terms and conditions as were in effect immediately before the Date of Termination (disregarding for all purposes of this clause (iii) any reduction or elimination of such benefits
that was the basis of a termination of employment by the Executive for Good Reason); 
 (iv) the Executive shall be entitled
to purchase the Company-leased automobile, if any, being used by the Executive prior to termination at the “buyout amount” specified by the vehicle’s lessor; and 
 (v) all awards granted to the Executive prior to the Change in Control under the Company’s 2005 Stock Incentive Plan or any successor
plan thereto (including, without 

  

 12 

 
limitation, the awards granted under Section 3(b)(iii) of the Current Agreement) will become immediately fully vested and any such awards constituting
stock options will be immediately fully exercisable (for the lesser of three (3) years or the expiration of the option term in the case of the award granted under Section 3(b)(iii)(B) of the Current Agreement) in the event that the
Executive’s termination (other than for Cause or Disability (as defined under the Company’s Long-term Disability Plan or Policy, as in effect on the Date of Termination of the Executive’s employment)) occurs within twenty-four
(24) months of the Change in Control. If such termination occurs after twenty-four (24) months of the Change in Control, then the awards granted under Section 3(b)(iii) of the Current Agreement shall be subject to the provisions of
Section 6(a)(iv)(C) of the Current Agreement to the extent that such provisions are more favorable to the Executive than may otherwise be provided hereunder or under any other plan, program or agreement applicable to such awards after the date
awarded. 
 To the extent any benefits described in Section 6(a)(ii) and (iii) cannot be provided pursuant to the appropriate plan or program
maintained for employees, the Company shall provide such benefits outside such plan or program at no additional cost (including without limitation tax cost) to the Executive. 
 (b) Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, this Agreement
shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than for payment of Accrued Obligations and, in addition, all restricted stock units and stock options granted to the Executive
pursuant to Section 3(b) of the Current Agreement shall immediately vest upon the Executive’s date of death, and such stock options will remain exercisable for one (1) year after the Executive’s date of death, subject to the
earlier expiration of the term of such stock options. Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination. 
 (c) Disability. If the Executive’s employment is terminated by reason of the Executive’s Disability during the Employment Period, this
Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Obligations and, in addition, all restricted stock units and stock options granted to the Executive pursuant to Section 3(b) of the
Current Agreement shall immediately vest upon the date the Executive’s employment is terminated by reason of Disability, and such stock options will remain exercisable for one (1) year after the date of such termination of the
Executive’s employment, subject to the earlier expiration of the term of such stock options. Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination. 
 (d) Cause; Other than for Good Reason. If the Executive’s employment shall be terminated for Cause during the Employment Period, this
Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive (x) the Annual Base Salary through the Date of Termination, and (y) the amount of any compensation previously deferred
by the Executive, in each case to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to
the Executive, other than for Accrued Obligations and the Executive’s vested and outstanding stock options granted pursuant to Section 3(b)(iii)(B) of the Current Agreement shall remain exercisable for one (1) year after the Date of
Termination, subject to the earlier expiration of the term of such stock option. In such case, all Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination. 
  

 13 

 (e) Specified Employee. Notwithstanding the foregoing, if the Executive is a Specified Employee
(as defined in Section 1.409A-1(i) of the Treasury Department Regulations) on the Date of Termination and all payments subject to Section 409A of the Internal Revenue Code (the “Code”) specified in Section 6(a) are not made
by March 15 of the year immediately following the Date of Termination, the following shall apply: Such payments may be made to the extent that the amount does not exceed two times the lesser of (i) the sum of the Executive’s
annualized compensation based upon the annual rate of pay for services provided to the Company for the taxable year preceding the termination, or (ii) the maximum amount that may be taken into account pursuant to Section 401(a)(17) of the
Code ($225,000 in 2007) for the year in which the Executive has terminated. Any amounts exceeding such limit, may not be made before the earlier of the date which is six (6) months after the Date of Termination or the date of death of the
Executive. Furthermore, any payments pursuant to this Section 6 shall be postponed until six (6) months following the end of the consulting period so long as the Executive continues to work on a consulting basis for the Company following
termination and such consulting requires the Executive to work more than 20% of his average hours worked during the 36 months preceding his termination. Any payments that were scheduled to be paid during the six (6) month period following the
Executive’s Date of Termination, but which were delayed pursuant to this Section 6(e), shall be paid without interest on, or as soon as administratively practicable after, the first day following the six (6) month anniversary of the
Executive’s Date of Termination (or, if earlier, the date of Executive’s death). Any payments that were originally scheduled to be paid following the six (6) months after the Executive’s Date of Termination, shall continue to be
paid in accordance to their predetermined schedule. 
 (f) Release. The Executive shall have 21 days following termination in which to
execute a General Release (“Release”) in a form substantially equivalent to the attached Exhibit (which may be amended by the Company, from time to time, to conform to applicable law) and seven days in which to revoke the Release after its
execution. If the Executive does not execute, or having executed, effectively revokes the Release, the Company will not be obligated to provide any benefits or payments of any kind to the Executive. 
 7. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit the Executive’s continuing or future participation in any plan,
program, policy or practice provided by the Company or any of its affiliated companies and for which the Executive may qualify, nor, subject to Section 3(a), shall anything herein limit or otherwise affect such rights as the Executive may have
under any contract or agreement with the Company or any of its affiliated companies. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or
agreement with the Company or any of its affiliated companies at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or program or contract or agreement except as explicitly modified by this
Agreement. 
 8. Full Settlement. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform
its obligations hereunder shall not be affected by any set- 
  

 14 

 
off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the
Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and except as specifically provided in Section 6(a)(ii), such
amounts shall not be reduced whether or not the Executive obtains other employment. 
 9. Certain Additional Payments by the Company.

 (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment or distribution by
the Company to or for the benefit of the Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any additional payments required under this
Section 9) (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code, or any interest or penalties are incurred by the Executive with respect to such excise tax (such excise tax, together with any such
interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the
Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up
Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments, provided, however, that a Gross-Up Payment shall only be made in the event that application of the gross-up feature would result in
the Executive receiving total after-tax Payments of at least one hundred five percent (105%) of the benefits the Executive would be entitled to receive without becoming subject to the tax imposed by Section 4999 of the Code (“Maximum
Amount”). In the event that a Gross-Up Payment under this Agreement would result in total after-tax Payments of less than one hundred five percent (105%) of the Maximum Amount, the Executive’s Payments shall be capped at the Maximum
Amount. If the Payments become subject to the cap described above, the amount due to the Executive under Sections 6(a)(i)A, 6(a)(i)B or 6(a)(i)C (cash Payments) shall be reduced initially; thereafter, the Management Development and Compensation
Committee of the Company’s Board shall determine how the Payments subject to the cap shall be paid. Unless otherwise permitted by Section 409A (as defined in Section 16), no Gross-Up Payment shall be made within 12 months of the Date
of Termination and all Gross-Up Payments shall be completed within 24 months of the Date of Termination. 
 (b) Subject to the provisions of
Section 9(c), all determinations required to be made under this Section 9, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such
determination, shall be made by Ernst & Young LLP or such other certified public accounting firm as may be designated by the Executive (the “Accounting Firm”), which shall provide detailed supporting calculations both to the
Company and the Executive within fifteen (15) business days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Company. In the event that the Accounting Firm is serving as
accountant or auditor for the individual, entity or group effecting the Change in Control, the Executive shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be
referred to as the 

  

 15 

 
Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant
to this Section 9, shall be paid by the Company to the Executive within five (5) days of the receipt of the Accounting Firm’s determination. Any determination by the Accounting Firm shall be binding upon the Company and the Executive.
As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should
have been made (“Underpayment”), consistent with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to Section 9(c) and the Executive thereafter is required to make a payment
of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. 
 (c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the
Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten (10) business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim
and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date
that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim, 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time,
including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 
 (iii) cooperate with the Company in good faith in order effectively to contest such claim, and 
 (iv) permit the Company to participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly
all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 9(c), the Company shall control all proceedings taken in connection
with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to
pay the tax claimed and sue for a refund or 

  

 16 

 
contest the claim in any permissible manner, and the Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a
court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that if the Company directs the Executive to pay such 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 or penalties with respect thereto) imposed with respect to such
advance or with respect to any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested
amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the 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 9(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the
Company’s complying with the requirements of Section 9(c)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive
of an amount advanced by the Company pursuant to Section 9(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to
contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount
of Gross-Up Payment required to be paid. 
 10. Post Termination Obligations. 
 (a) Proprietary Information Defined. “Proprietary Information” is all information and any idea in whatever form, tangible or intangible,
pertaining in any manner to the business of the Company or any of its affiliated companies, or to its clients, consultants, or business associates, unless: (i) the information is or becomes publicly known through lawful means; (ii) the
information was rightfully in the Executive’s possession or part of his general knowledge prior to his employment by the Company; or (iii) the information is disclosed to the Executive without confidential or proprietary restriction by a
third party who rightfully possesses the information (without confidential or proprietary restriction) and did not learn of it, directly or indirectly, from the Company. 
 (b) General Restrictions on Use of Proprietary Information. The Executive agrees to hold all Proprietary Information in strict confidence and trust for the sole benefit of the Company and not to, directly or
indirectly, disclose, use, copy, publish, summarize, or remove from Company’s premises any Proprietary Information (or remove from the premises any other property of the Company), except (i) during his employment to the extent necessary to
carry out the Executive’s responsibilities under this Agreement, (ii) after termination of his employment as specifically authorized in writing by the Board, and (iii) pursuant to a subpoena. 
  

 17 

 (c) Non-Solicitation and Non-Raiding. To forestall the disclosure or use of Proprietary
Information in breach of Section 10(b), and in consideration of this Agreement, Executive agrees that for a period of two (2) years after termination of his employment, he shall not, for himself or any third party, directly or indirectly
(i) divert or attempt to divert from the Company (or any of its affiliated companies) any business of any kind in which it is engaged, including, without limitation, the solicitation of its customers as to products which are directly
competitive with products sold by the Company at the time of the Executive’s termination, or interference with any of its suppliers or customers, or (ii) solicit for employment any person employed by the Company, or by any of its
affiliated companies, during the period of such person’s employment and for a period of three months after the voluntary termination of such person’s employment with the Company. 
 (d) Contacts with the Press. Following termination, the Executive will continue to abide by the Company’s policy that prohibits discussing
any aspect of Company business with representatives of the press without first obtaining the permission of the Company’s Public Relations Department. 
 (e) Remedies. Nothing in this Section 10 is intended to limit any remedy of the Company under the California Uniform Trade Secrets Act (California Civil Code Section 3426), or otherwise available
under law. 
 (f) No Deferral or Withholding by the Company. In no event shall an asserted violation of the provisions of this
Section 10 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive pursuant to this Agreement. 
 11.
Successors. 
 (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be
assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement 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 in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this
Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 
 12. Miscellaneous. 
 (a) This Agreement shall
be governed by and construed in accordance with the laws of the State of California, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.

  

 18 

 This Agreement may not be amended or modified otherwise than by a written agreement
executed by the parties hereto or their respective successors and legal representatives. 
 (b) All notices or other communications required
or permitted hereunder shall be made in writing. Notice shall be effective on the date of delivery if delivered by hand upon receipt, on the first business day following the date of dispatch if delivered utilizing next day service by a recognized
next day courier to the applicable address set forth below, or if mailed, three (3) business days after having been mailed, postage prepaid, by certified or registered mail, return receipt requested, and addressed to the applicable address set
forth below. Notice given by facsimile shall be effective upon written confirmation of receipt of the facsimile. 
 If to the
Executive: 
 To the residence address for the Executive last shown on the Company’s payroll records. 
 If to the Company: 
 The Clorox
Company 
 1221 Broadway 
 Oakland, California 94612 
 Attention: General Counsel 
 Fax: [            ] 
 or to such other address as either
party shall have furnished to the other in writing in accordance herewith. 
 (c) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 (d) The Company may withhold from any
amounts payable under this Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (e) This Agreement may not be modified, amended, or terminated except by an instrument in writing, signed by the Executive and by a duly authorized representative of the Company other than Executive. By an instrument
in writing similarly executed, either party may waive compliance by the other party with any provision of this Agreement that such other party was or is obligated to comply with or perform, provided, however, that such waiver shall not operate as a
waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
right, remedy, or power hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, or power provided herein or by law or in equity. 
 (f) Together with the Current Agreement (and the restricted stock unit agreement contemplated under Section 3(b)(iii)(A) of the Current Agreement
and the stock option award 

  

 19 

 
agreement contemplated under Section 3(b)(iii)(B) of the Current Agreement), the terms of this Agreement are intended by the parties to be the final
expression of their agreement with respect to the employment of Executive by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement and the Current Agreement (and
such restricted stock unit and stock option award agreements thereunder) shall constitute the complete and exclusive statement of their terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal
proceeding involving either Agreement. The Current Agreement (and such restricted stock unit and stock option award agreements thereunder) and this Agreement supersede any prior agreements, written or oral, between the Company and the Executive
concerning the terms of his employment. 
 (g) In the event of any inconsistency between (a) this Agreement and (b) any other plan,
program, practice or agreement in which the Executive participates or is a party, this Agreement shall control. 
 13. Executive
Acknowledgment. The Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and has been advised to do so by the Company, and
(b) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment. 
 14. Survival. The Executive’s rights under Sections 4(b)(ix), 4(b)(x), 4(b)(xi), 6, 9, 15, 17 and this Section 14 shall survive any termination of the Executive’s employment and the term of this Agreement.

 15. Arbitration. Any controversy between the Executive or the Executive’s heirs or estate and the Company or any employee of the
Company, including but not limited to, those involving the construction or application of any of the terms, provisions or conditions of this Agreement or otherwise arising out of or related to this Agreement, shall be settled by arbitration before a
single arbitrator in accordance with the then current commercial arbitration rules of the American Arbitration Association, and judgment on the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The location of
the arbitration shall be San Francisco, California if the Executive’s current or most recent location of employment with the Company is or was located in Alameda County, California. If it is or was elsewhere, the arbitration shall be held at
the city nearest to the Executive’s last location of employment with the Company which has an office of the American Arbitration Association. The arbitrator shall award attorney’s fees to the Executive to the extent that the Executive
prevails in the arbitration proceeding. 
 16. Section 409A. To the extent applicable, it is intended that this Agreement and any payment made
hereunder shall 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 that would cause the Agreement or any payment hereof to fail to satisfy Section 409A shall have no force or effect until amended to the minimum extent required to comply with Section 409A,
which amendment may be retroactive to the extent permitted by Section 409A. 
  

 20 

 17. Indemnification. The Company agrees to indemnify the Executive and hold him harmless to the fullest
extent permitted by the Company’s certificate of incorporation, bylaws and applicable law against and in respect to any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses, losses, and damages resulting from the
Executive’s good faith performance of his duties and obligations with the Company. The Company shall insure the Executive under any contract of directors and officers liability insurance, insuring members of the Board, during his employment and
tenure as a Board member and thereafter for so long as he may be subject to liability for such acts or omissions in the performance of his duties and obligations to the Company. 
 18. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instruments. One or
more counterparts of this Agreement may be delivered by facsimile, with the intention that delivery by such means shall have the same effect as delivery of an original counterpart thereof. 
 19. Severability. If any one or more of the provisions contained in this Agreement, or any application thereof, shall be invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions contained herein and all other applications thereof shall not in any way be affected or impaired thereby. This Agreement shall be construed and enforced as if such
invalid, illegal or unenforceable provision has never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the invalid, illegal or unenforceable provision or by its severance
herefrom. In lieu of such invalid, illegal or unenforceable provisions there shall be added automatically as a part hereof a provision as similar in terms and economic effect to such invalid, illegal or unenforceable provision as may be possible and
be valid, legal and enforceable. 
 The parties have duly executed this Agreement as of the effective date that appears at the beginning of
this Agreement. 
  

									
	THE CLOROX COMPANY	 		 	EXECUTIVE
	The Company	 		 	
				
	By:	 	/s/ Laura Stein	 		 	/s/ Donald R. Knauss
	Name:	 	Laura Stein	 		 	(Executive)
	Title:	 	Senior Vice President-General Counsel	 		 		 	

  

 21 

 EXHIBIT 
 GENERAL RELEASE 
 This document is an important one. You should review it carefully and, if
you agree to it, sign at the end on the line indicated. 
 You have 21 days to sign this Release, during which time you are advised to
consult with an attorney regarding its terms. 
 After signing this Release, you have seven days to revoke it. Revocation should be
made in writing and delivered so that it is received by the Corporate Secretary of The Clorox Company, 1221 Broadway, Oakland, CA 94612 no later than 4:30 p.m. on the seventh day after signing this Release. If you do revoke this Release within that
time frame, you will have no rights under it. This Release shall not become effective or enforceable until the seven day revocation period has expired. 
 The agreement for payment of consideration in paragraph 2 below will not become effective until the seven day revocation period has passed. 
 This GENERAL RELEASE is entered into between The Clorox Company (hereinafter referred to as “Employer”) and
                        (hereinafter referred to as “Executive”). Employer and Executive agree as follows:

 1. Executive’s regular employment with Employer will terminate as of
                        , 20_. Executive is ineligible for reemployment or reinstatement with Employer. 
 2. Upon Executive’s acceptance of the terms set forth herein, the Employer agrees to provide the Executive with compensation and benefits set forth
in Section 6 of the Amended and Restated Change in Control Agreement between the Executive and the Employer (the “CIC Agreement”), a copy of which is attached as the first Exhibit to this General Release. A complete description of
those benefits is attached as the second Exhibit to this General Release. 
 3. (a) In consideration of the Employer providing Executive this
compensation, Executive and Executive’s heirs, assignees and agents agree to release the Employer, all affiliated 

  

 22 

 
companies, agents and employees and each of their successors and assigns (hereinafter referred to as “Releasees”) fully and finally from any
claims, liabilities, demands or causes of action which Executive may have or claim to have against the Releasees at present or in the future, except claims for vested benefits, if any. The claims released may include, but are not limited to, any tax
obligations as a result of the payment of consideration referred to in paragraph 2, and claims arising under federal, state or local laws prohibiting discrimination in employment, including the Age Discrimination in Employment Act (ADEA) or claims
growing out of any legal restrictions on the Employer’s right to terminate its employees. Claims of discrimination, wrongful termination, age discrimination, and any claims other than for vested benefits are hereby released. 
 (b) By signing this document, Executive agrees not to file a lawsuit to assert such claims. Executive also agrees that if Executive breaches this
provision, Executive will be liable for all costs and attorneys’ fees incurred by any Releasee resulting from such action. 
 4. By
signing this document, Executive is also expressly waiving the provisions of California Civil Code section 1542, which provides as follows: 
 “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the
debtor.” 
 By signing this document, Executive agrees and understands that Executive is releasing unknown as well as known claims
related to Executive’s employment in exchange for the compensation set forth above. 
 5. Executive agrees to maintain in complete
confidence the terms of this Release, except as it may be necessary to comply with a legally compelled request for information. It is agreed since confidentiality of this Release is of the essence, damages for violation being impossible to assess
with precision, that $10,000 is a fair estimate of the damage caused by each disclosure and is agreed to as the measure of damages for each violation. 
  

 23 

 6. Executive agrees to indemnify and hold Employer harmless from and against any tax obligations for
which Executive may become liable as a result of this Release and/or payments made pursuant to the CIC Agreement, other than tax obligations of the Employer resulting from the nondeductibility of any payments made pursuant to this Release or the
Employment Agreement. 
 7. Agreeing to this Release shall not be deemed or construed by either party as an admission of liability or
wrongdoing by either party. 
 8. This Release, the CIC Agreement, the Amended and Restated Employment Agreement between the Executive and
the Employer, and the plan documents of the plans of the Clorox Company referred to in the CIC Agreement set forth the entire agreement between Executive and the Employer. This Release and the CIC Agreement are not subject to modification except in
writing executed by both of the parties. The Clorox Company plans referred to in the CIC Agreement may be amended in accordance with the provisions of those plans. 
 Executive acknowledges by signing below that Executive has not relied upon any representations, written or oral, not set forth in this Release. 
 EXECUTIVE 
 Dated: 
 THE CLOROX
COMPANY 
 By: __________________ 
 Dated: 
  

 24Employment Agreement between The Clorox Company and Donald R. Knauss

 Exhibit 10.57 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED AGREEMENT (the
“Agreement”), dated as of February 7, 2008, amends and restates the original agreement, dated August 25, 2006, and is between THE CLOROX COMPANY, a Delaware corporation (the “Company”), and Donald R. Knauss (the
“Executive”). 
 RECITAL 
 The Company and the Executive want to enter into a written agreement concerning the terms of the Executive’s employment with the Company and the terms of the termination of that employment. 
 TERMS OF AGREEMENT 
 1. Term of Employment.

 (a) Basic Term. The term of this Agreement initially commenced on October 2, 2006 (the “Effective Date”) and
shall end upon the earliest of (such ending date, the “Date of Termination”) (i) the third anniversary thereof, as and to the extent extended under Section 1(b) (the “Term Date”), (ii) the date upon which the
Executive’s employment is terminated in accordance with Section 4, and (iii) the first day of the month following the Executive’s 65th birthday. 
 (b) Extension of Term. Subject to Section 1(a)(iii) and to Section 4, the Term Date will be automatically extended for one additional year on the last day before such Term Date, and for one additional
year on each succeeding anniversary of the Term Date as so extended thereafter, unless and until either party gives notice to the other party at least one hundred eighty (180) days before any such extension of the Term Date would become
effective hereunder that the automatic extension shall cease and that this Agreement shall terminate on the Term Date occurring after such notice. The Company’s right not to extend the Agreement shall be with or without Cause (as defined in
Section 4(c) below), and the Company’s exercise of its right not to extend the Agreement will not necessarily terminate the Executive’s employment with the Company. 
 (c) Certain Definitions. 
 (i) The “Average Annual Bonus” shall mean the average annual incentive bonus that the Executive received for the three (3) completed fiscal years immediately preceding the Date of Termination, or the average annual incentive
bonus that the Executive received for the actual number of completed fiscal years immediately preceding the Date of Termination if less than three (3), under the Company’s Annual Incentive Plan (“AIP Plan”) and/or the Company’s
Executive Incentive Compensation Plan (“EIC Plan”). 

 (ii) “Bonus Target” means the annual bonus that the Executive would have
received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved. The Bonus Target shall be reviewed periodically for increase or decrease in accordance with the Company’s regular practice for setting
targets for “Executive Officers” ( i.e., the Executive and the other members of the Management Executive Committee). Thereafter, “Bonus Target” shall mean such bonus target as so increased or decreased from time to time.

 2. Position; Duties; Responsibilities. 
 (a) Position. The Company agrees to employ the Executive, and the Executive agrees to be employed by the Company subject to the terms and conditions of this Agreement. The Executive shall serve as Chairman of the Board of Directors
of the Company (the “Board”) and Chief Executive Officer (“CEO”), reporting to the Board. As of the Effective Date, the Board shall appoint the Executive as a member of the Board. Thereafter, during the term of this Agreement,
the Board shall nominate the Executive for reelection as a member of the Board at the expiration of each then-current Board term. The Executive shall devote his best efforts and the equivalent of full time employment to the performance of the
services customarily incident to the Executive’s current office and to such other services as may be reasonably requested by the Board, consistent with his offices, titles and positions. The Company shall retain full direction and control of
the means and methods by which the Executive performs the above services and of the place(s) at which such services are to be rendered; provided, the Executive’s principal place of employment shall be at the Company’s headquarters in
Oakland, California unless he consents to another such place. 
 (b) Other Activities. Excluding any periods of vacation and sick
leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal hours to the business and affairs of the Company, and to the extent necessary to discharge the responsibilities assigned to the
Executive hereunder, to use the Executive’s reasonable best efforts to perform faithfully and efficiently such responsibilities. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable
boards or committees, provided that with respect to any corporate board, such service has been pre-approved by the Presiding Director of the Company, (B) deliver lectures or fulfill speaking engagements or teach at educational institutions on a
part-time basis not to exceed five hours per week in the aggregate and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive’s responsibilities as an employee of
the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted 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 the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive’s responsibilities to the Company. 
 3. Salary; Incentive Compensation; Benefits; Expenses. 
 (a) Salary. In consideration of the services to be rendered hereunder, including, without limitation, services to any affiliate of the Company (an “Affiliated Company”), the Executive shall be paid an annual base salary
(“Annual Base Salary”), payable at the times and pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement. The Annual Base Salary shall be reviewed periodically for
increase (or decrease to the extent permitted hereunder) in accordance with the Company’s 

  

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regular administrative practice for adjusting salaries of the “Executive Officers” ( i.e. , the Executive and the other members of the
Management Executive Committee). Thereafter, “Annual Base Salary” shall mean such annual base salary rate as so increased (or decreased) from time to time. The Company may reduce the Executive’s Annual Base Salary only if the annual
base salaries of all other Executive Officers of the Company are at the same time being similarly reduced and if the percentage of reduction of the Executive’s Annual Base Salary does not exceed that of any other Executive Officer. 

(b) Annual Incentive Plan; Executive Incentive Compensation Plan; Long Term Compensation Program. 
 (i) As of the Effective Date, the Executive shall be entitled to participate in the AIP Plan, the EIC Plan and Stock-Based Long-Term
Compensation Program (the “LTC Program”), or any successors thereto, in accordance with the Company’s practice for administering the AIP Plan, the EIC Plan and the LTC Program with respect to Executive Officers, unless the Company
suspends or terminates one or more of the AIP Plan, the EIC Plan or the LTC Program; provided, the Executive shall be first eligible for annual awards under the LTC Program at such time as awards are granted to Executive Officers during calendar
2007. For purposes of this Agreement, “LTC Program” encompasses Stock-Based Awards made to the Executive under the 2005 Stock Incentive Plan or any subsequent stock-based incentive compensation plan. 
 (ii) The Executive shall be eligible to receive an annual incentive bonus as determined in accordance with the terms and conditions of the
EIC Plan and/or AIP Plan and a maximum bonus equal to not less than 200% of his Bonus Target for the applicable year 
 (iii)
On the Effective Date, the Executive was granted the following equity awards: 
 (A) 83,500 restricted stock units subject to
the terms and conditions of the LTC Program and the form of award agreement provided to the Executive (subject to the terms of this Agreement), with such grant vesting over four (4) years with one-fourth (1/4) vesting on each of the first,
second, third and fourth anniversaries of the date of grant, and payment of which shall be delayed until six (6) months following the date of the Executive’s termination of employment; and 
 (B) a ten-year option to purchase 275,000 shares of the Company’s common stock, subject to the terms and conditions of the LTC
Program and the form of award agreement provided to the Executive (subject to the terms of this Agreement). The exercise price per share of the option will be the fair market value (as defined in the LTC Program) of the common stock on the date of
grant, and the option will vest over four (4) years, with one-fourth (1/4) of the shares underlying the option vesting on each of the first, second, third and fourth anniversaries of the date of grant. Except as otherwise provided in this
Agreement, upon termination of the Executive’s employment, vested options shall remain exercisable for the lesser of one (1) year or the remainder of the term of the option. 
  

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 (c) Sign-On Bonus. The Company paid to the Executive a lump sum cash sign-on bonus of $500,000.

 (d) Benefits. As he becomes eligible therefor, the Company shall provide the Executive, his spouse and eligible dependents with the
right to participate in and to receive benefits from all present and future welfare benefit plans, practices, policies and programs (including without limitation, medical, prescription drugs, dental, disability, salary continuance, severance pay,
employee life, group life, accidental death and travel accident insurance plans and programs), all incentive savings and retirement plans, practices and programs and all similar benefits, made available generally to Executive Officers of the
Company. The amount and extent of benefits to which the Executive is entitled shall be governed by each specific benefit plan, as it may be amended from time to time. The Company may suspend or terminate any benefit plan described in this
Section 3(d). The Executive shall also be entitled to the death and disability benefits described in Section 4 and the benefits described in Sections 3(e), 3(f), 3(i) and 3(j). 
 (e) Supplemental Executive Retirement Plan. The Executive shall be eligible to receive supplemental executive retirement plan benefits equal to
the greater of the amount attributable to the Company SERP or the Replacement SERP, as described below: 
 (i) Company
SERP. The Executive will be eligible to participate immediately in the Company’s Supplemental Executive Retirement Plan (the “Company SERP”) in accordance with the terms and conditions of the Company SERP as in effect from time to
time; provided, however, that the Executive shall be fully vested and eligible for an Early Retirement Benefit (at Separation of Employment) (each such term as defined under the Company SERP), upon completion of seven (7) years of service with
the Company, and otherwise as provided in the Company SERP. The Company expects to review the Company SERP as part of an overall review of retirement benefits and the Company SERP may change as a result of such review, in the Company’s
discretion. 
 (ii) Replacement SERP. The Company shall also establish a supplemental executive retirement plan for the
benefit of the Executive (and his surviving spouse in the event of the Executive’s death) that duplicates the rights and benefits the Executive would have been entitled to under The Coca-Cola Company Employee Retirement Plan and The Coca-Cola
Company Supplemental Benefit Plan – Pension, as in effect on the date hereof, had his employment with The Coca-Cola Company continued until the Executive’s retirement or other termination of employment with the Company (the
“Replacement SERP”) and which shall be subject to the following terms for purposes of attributing the amount attributable to the Replacement SERP: 
 (A) final average compensation for purposes of the Replacement SERP shall include the actual Annual Base Salary and bonuses paid by the
Company to the Executive and, to the extent needed to obtain five years of consecutive annual compensation, the Executive’s actual annual base salary and bonuses paid by The Coca-Cola Company prior to the Executive’s retirement;

  

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 (B) the Executive shall be fully vested at all times in the Replacement SERP benefit;

 (C) in the event that the Executive’s employment with the Company terminates prior to the third anniversary of the
Effective Date, the Executive shall be credited with a minimum of three (3) years of benefit accruals under the Replacement SERP; and 
 (D) the Executive’s service with The Coca-Cola Company under such plans shall be credited as service under the Replacement SERP and any benefits to which the Executive becomes entitled under the Replacement SERP
shall be offset by benefits received by the Executive under The Coca-Cola Company Employee Retirement Plan and Supplemental Benefit Plan — Pension. 
 (f) Vacation. The Executive will be entitled to five (5) paid weeks of vacation per year during each year of the term of this Agreement in accordance with the Company’s vacation policy generally
applicable to Executive Officers. 
 (g) Relocation and Housing Expenses. 
 (i) The Executive shall be entitled to relocation benefits in accordance with the Company’s relocation policy and such additions
thereto as mutually agreed to by the Executive and the Company, which shall include up to $50,000 in loss protection on the sale of the Executive’s residence in Atlanta, Georgia. In addition, the Company shall, if necessary, pay to the
Executive tax gross-up payments so that the net amount retained by the Executive after payment of all applicable income and employment taxes attributable to amounts paid is equal to the agreed amount to be reimbursed for such relocation expenses
under this Section 3(g)(i) and Section 3(g)(ii) (other than for any gain on any sale of the Executive’s Atlanta, Georgia residence), provided, however, that a gross-up payment shall not be made with respect to any reimbursement to the
extent the related expense is deductible or is otherwise excludable from the Executive’s taxable income. All amounts payable under this Section 3(g)(i) shall be subject to the Executive’s presentation of receipts and/or invoices as
may be reasonably required by the Company. 
 (ii) The Executive shall be entitled to reimbursement for the cost of temporary
housing in an amount up to $10,000 per month and the cost of commuting incurred by the Executive and the cost of house hunting travel incurred by the Executive’s spouse, as part of the Executive’s relocation to the Oakland, California
metropolitan area, for a period of up to one (1) year following the Effective Date. All amounts payable under this Section 3(g)(ii) shall be subject to the Executive’s presentation of receipts and/or invoices as may be reasonably
required by the Company. 
 (h) Business Expenses. The Company shall reimburse the Executive for reasonable travel and other business
expenses incurred by the Executive in the performance of his duties hereunder in accordance with the Company’s general policies, as they may be amended from time to time during the course of this Agreement. 
 (i) Automobile. The Executive shall be provided with an automobile or a monthly automobile allowance of $1,100 per month, plus parking and a
cellular phone. 
  

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 (j) Retiree Benefits. Upon completion of seven (7) years of continuous employment with the
Company, the Executive will be deemed retiree eligible under all welfare benefit, equity and other incentive plans and programs (other than tax-qualified pension and 401(k) plans) applicable to senior executives of the Company under the terms and
conditions of such plans and programs as in effect from time to time; provided, however, that such treatment shall not apply to the extent the Executive is entitled to retiree benefits from The Coca-Cola Company, on a
benefit-by-benefit and coverage-by-coverage basis, that duplicates retiree benefits available to the Executive by the Company. 
 (k)
Change in Control. The Company and the Executive have entered into an Amended and Restated Change in Control Agreement governing the terms and conditions related to a Change in Control of the Company. 
 4. Termination of Employment. 
 (a) By
Death. The Executive’s employment shall terminate automatically upon his death. The Company shall pay to the Executive’s beneficiaries or estate, as appropriate, the salary to which he is entitled pursuant to Section 3(a), any
accrued vacation due the Executive, through the end of the month in which death occurs and any prior completed fiscal year’s earned and unpaid annual incentive bonus. In addition, all restricted stock units and stock options granted pursuant to
Section 3(b) shall immediately vest upon the Executive’s date of death, and such stock options will remain exercisable for one (1) year after the Executive’s date of death, subject to the earlier expiration of the term of such
stock option. The Company shall also pay the Executive’s beneficiaries or estate, as appropriate, in lieu of any AIP and EIC Plan award under Section 3(b), a pro rata portion (through the date of death) of the Executive’s Bonus Target
for the fiscal year of his death. All other equity and other LTC Program awards shall be governed by the applicable terms of award under which they were granted. Payments owed pursuant to this Section 4(a) shall be made in a lump sum payment as
soon as administratively practicable but, in any event, within ninety (90) days following the date of such termination. Except as otherwise specifically provided under this Agreement, after the payments called for in this Section 4(a) are
made, the Company’s obligations hereunder shall terminate. This Section 4(a) shall not affect entitlement of the Executive’s estate or beneficiaries to death benefits under any benefit plan of the Company. 
 (b) By Disability. Should the Executive become Disabled, the Executive’s employment may terminate at the Company’s option. As used in
this Section 4(b), “Disabled” shall mean the Executive (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than 12 months, or (ii) is receiving income replacement benefits for a period of not less than three months under the Company’s accident and health plans by reason of any
medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. If the Company so elects, the Company shall pay the salary to which the
Executive is entitled pursuant to Section 3(a) through the Date of Termination, and in lieu of any AIP and EIC Plan award under Section 3(b) for the fiscal year in which termination occurs, the Company shall pay the Executive a pro rata
portion (through the Date of Termination) of the Executive’s Bonus Target for the fiscal year of the termination. The 

  

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Company shall also pay the Executive any accrued vacation through the Date of Termination and any prior completed fiscal year’s earned and unpaid annual
incentive bonus. In addition, all restricted stock units and stock options granted pursuant to Section 3(b) shall immediately vest upon the date of such termination of the Executive’s employment, and such stock options will remain
exercisable for one (1) year after the date of such termination of the Executive’s employment, subject to the earlier expiration of the term of such stock option. All other equity and other LTC Program awards shall be governed by the
applicable terms of award under which they were granted. Payments owed pursuant to this Section 4(b) (other than payment of a pro rata bonus, if any) shall be made in a lump sum payment as soon as administratively practicable but, in any event,
within ninety (90) days following the date of such termination. If the Company elects to pay a pro rata portion (through the Date of Termination) of the Executive’s Bonus Target for the fiscal year of the termination, such award will be
paid after the close of the fiscal year at the same time that AIP and EIC Plan award payments are made to then employed executives. Except as otherwise specifically provided under this Agreement, thereafter the Company’s obligations hereunder
shall terminate. 
 (c) By Company For Cause. The Company may terminate the Executive’s employment for Cause (as defined below in
this Section 4(c)) at any time. The Company shall pay the Executive the salary to which he is entitled pursuant to Section 3(a) through the Date of Termination, and, except as otherwise specifically provided under this Agreement,
thereafter the Company’s obligations hereunder shall terminate. The Executive shall not be entitled to any unpaid AIP Plan and EIC Plan award pursuant to Section 3(b) for the prior fiscal year or the fiscal year in which termination occurs
and outstanding options granted pursuant to Section 3(b)(iii)(B) shall be immediately forfeited. All other equity and other LTC Program awards shall be governed by the applicable terms of award under which they were granted. Termination shall
be for “Cause” if: 
 (i) the Executive willfully neglects significant duties he is required to perform or willfully
violates a material Company policy, and, after being warned in writing, continues to willfully neglect such duties or continues to willfully violate such specified Company policy; 
 (ii) the Executive commits a material act of dishonesty, fraud, misrepresentation or other act of moral turpitude; 
 (iii) the Executive acts (or omits to act) with gross negligence with regard to material matters in the performance of the
Executive’s duties hereunder; or 
 (iv) the Executive willfully disregards a lawful direction of the Board. 

For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be
done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by
the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The cessation of employment of the Executive
shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a 

  

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resolution duly adopted by the affirmative vote of not less than a majority of the Board (excluding the Executive) at a meeting of the Board called and held
for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of
the conduct described in subparagraph (i), (ii), (iii) or (iv) above, and specifying the particulars thereof in detail. 
 (d)
By the Executive or the Company At Will. 
 (i) Termination by the Company. The Company may, at any time,
terminate the Executive’s employment without Cause. If the Company terminates the Executive’s employment prior to the Term Date, the severance payment provisions of Section 6 shall apply and the Company shall have no additional
liability. The Executive hereby agrees that the Company may terminate his employment under this Section 4(d)(i) without regard (A) to any general or specific policies (whether written or oral) of the Company relating to the employment or
termination of its employees, or (B) to any statements made to the Executive, whether made orally or contained in any document, pertaining to the Executive’s relationship with the Company. Nothing in this Section 4(d)(i) shall prevent
the Company from exercising its right under Section 4(c) to terminate the Executive’s employment for Cause, and such a termination shall not give rise to damages under Section 6. 
 (ii) Termination by the Executive Without Good Reason. Except in the case of Good Reason (as defined in Section 4(d)(iii)
below) as provided in Section 4(d)(iii) or Retirement as provided in Section 4(d)(iv), the Executive may, upon giving at least ten (10) business days’ written notice to the Company, terminate his employment, without liability,
for any reason. If the Executive terminates his employment pursuant to this Section 4(d)(ii), the Company shall pay the Executive the salary and accrued vacation to which the Executive is entitled pursuant to Section 3(a) through the end
of the ten (10) business days notice period. In addition, the Executive’s vested and outstanding stock options granted pursuant to Section 3(b)(iii)(B) shall remain exercisable for one (1) year after the date of such termination
of the Executive’s employment, subject to the earlier expiration of the term of such stock option. All other equity and other LTC Program awards shall be governed by the applicable terms of award under which they were granted. Except as
otherwise specifically provided under this Agreement, thereafter the Company’s obligations hereunder shall terminate. The Executive shall not be entitled to any AIP and EIC Plan award pursuant to Section 3(b) for the fiscal year in which
he terminates his employment under this Section 4(d)(ii). 
 (iii) Termination by the Executive For Good Reason.
The Executive may terminate his employment for Good Reason provided he delivers a written notice to the Company of the existence of one or more of the conditions set forth below within a period not to exceed 90 days of the initial existence of the
condition. Thereafter, the Company shall have 30 days during which it may remedy the condition and thereby cure the event or circumstance constituting “Good Reason”. If the Executive terminates his employment for Good Reason, the severance
payment provisions of Section 6 shall apply and the Company shall have no additional liability. Termination by the Executive shall be for Good Reason if any of the following occurs: 
 (A) the Executive is assigned any duties inconsistent in any material respect with the Executive’s position (including status,
offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 2(a) of this Agreement, or the Company takes any other action 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 Executive; 
  

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 (B) the Company fails to comply with any of the material provisions of Section 3 of
this Agreement, 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 Executive; 
 (C) the Company requires the Executive to be based at any office or location which increases his commute by more than 40 miles;

 (D) the Company purports to terminate the Executive’s employment other than as expressly permitted by this Agreement;
or 
 (E) the Company fails to obtain from 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 the express assumption and agreement to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place. Notwithstanding the above, a failure by the Company’s stockholders to elect the Executive to the Board shall not constitute Good Reason, but a failure by the Board to appoint the Executive to the Board as of the
Effective Date or to thereafter nominate the Executive to the Board at any time shall constitute Good Reason. 
 (iv)
Termination Due to Executive’s Retirement. The Executive may terminate his employment upon giving at least three (3) months’ written notice to the Company, provided that he is vested in his accrued benefit pursuant to the
Company SERP upon the Date of Termination. Such a termination constitutes “Retirement” for purposes of this Agreement. Upon the Executive’s Retirement, the Company shall pay the Executive the salary and accrued vacation to which he is
entitled pursuant to Section 3(a) and 3(f) through the last day of his employment. The Executive also shall receive any prior completed fiscal year’s earned and unpaid annual incentive bonus. In addition, the Executive shall be entitled to
receive a pro rata portion calculated upon the portion of the fiscal year during which the Executive was employed of the Executive’s AIP and/or EIC Plan award for the fiscal year of his Retirement. The award will be paid after the close of the
fiscal year at the same time that AIP and EIC Plan award payments are made to employed executives; provided, however, that if the Executive is a Specified Employee (as defined in Section 1.409A-1(i) of the Treasury Department Regulations) on
the Date of Termination, such payments shall be made in accordance with Section 4(f) below. The award will be a percentage of the Executive’s AIP and/or EIC Plan Bonus Target award for that fiscal year based upon the application of the
overall corporate results factor and the division and/or functional results factor, if applicable, of the AIP and/or EIC Plan award calculation matrix. The award will not be based on any personal objectives factor; thus, the individual modifier to
be applied to the corporate and business and/or functional results, if any, will be calculated at 100%. 
  

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 (v) Termination of Employment Following Notice of Non-Renewal. In the event the
Executive’s employment is terminated for any reason upon expiration of the Agreement or thereafter following a notice of non-renewal by either party pursuant to Section 1(b), the Company shall pay the Executive the salary and accrued
vacation to which he is entitled pursuant to Section 3(a) and Section 3(f) through the date of such termination of the Executive’s employment, and, except as otherwise specifically provided under this Agreement, thereafter the
Company’s obligations hereunder shall terminate. In the event that the Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason (during the term of this Agreement or thereafter) at any time
following the issuance by the Company to the Executive of a notice of non-renewal pursuant to Section 1(b) that is effective on the third anniversary of the Effective Date, 5,875 restricted stock units of the unvested portion of the restricted
stock units granted pursuant to 3(b)(iii)(A) and 15,250 unvested stock options of the unvested portion of the stock options granted pursuant to Section 3(b)(iii)(B) shall immediately vest. In the event that the Executive’s employment is
terminated by the Company without Cause or by the Executive for Good Reason (during the term of this Agreement or thereafter) at any time following the issuance by the Company to the Executive of a notice of non-renewal pursuant to Section 1(b)
that is effective at any time provided thereunder, 61,000 vested stock options awarded pursuant to Section 3(b)(iii)(B) will remain exercisable for three (3) years after the Date of Termination, subject to the earlier expiration of the
term of such stock options. The remaining vested portion of such stock option grant will remain exercisable for one (1) year after the Date of Termination, subject to earlier expiration of the term of such stock options. For the purposes of the
preceding three sentences, for the avoidance of doubt, a termination of the Executive’s employment by the Company on the Term Date pursuant to a Company notice of non-renewal under Section 1(b) shall be a termination by the Company without
Cause. The Executive shall not be entitled to any AIP and EIC Plan award pursuant to Section 3(b) for the fiscal year in which his employment terminates pursuant to this Section 4(d)(v). 
 (e) Termination Obligations. 
 (i) The Executive hereby acknowledges and agrees that all personal property and equipment furnished to or prepared by the Executive in the course of or incident to his employment, belong to the Company and shall, if physically returnable,
be promptly returned to the Company upon termination of his employment. “Personal property” includes, without limitation, all books, manuals, records, reports, notes, contracts, lists, blueprints, and other documents, computer media or
materials, or copies thereof, and Proprietary Information (as defined in Section 5(a) below), but does not include the Executive’s rolodex or address book. Following termination, the Executive will not retain any written or other tangible
material containing any Proprietary Information. 
 (ii) Upon termination of his employment, the Executive shall be deemed to
have resigned from all offices and directorships then held with the Company or any Affiliated Company, and will execute a letter of resignation if requested. 
  

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 (iii) The Executive’s obligations under Sections 4(e), 5, 7 and 14, and the
Company’s obligations under Sections 3(c), 3(d) (in accordance with the terms of the applicable plan), 3(e), 3(g), 3(j), 4, 6, 14, 16 and this Section 4(e)(iii), and the Executive’s entitlement to payment or reimbursement of his
business expenses incurred in accordance with Section 3(h) through the Date of Termination, shall survive termination of the Executive’s employment and the expiration of this Agreement. 
 (f) Specified Employee. Notwithstanding the foregoing, if the Executive is a Specified Employee (as defined in Section 1.409A-1(i) of the
Treasury Department Regulations) on the Date of Termination and: 
 (i) all payments specified in Section 4(c),
Section 4(d)(i), Section 4(d)(iii) or Section 6 which are subject to Code Section 409A (as defined in Section 18) but are not made by March 15 of the year immediately following the Date of Termination, may be made to
the extent that the amount does not exceed two times the lesser of (i) the sum of the Executive’s annualized compensation based upon the annual rate of pay for services provided to the Company for the taxable year preceding the
termination, or (ii) the maximum amount ($225,000 in 2007) that may be taken into account pursuant to Section 401(a)(17) of the Internal Revenue Code (the “Code”) for the year in which the Executive has terminated. Any amounts
exceeding such limit, may not be made before the earlier of the date which is six (6) months after the Date of Termination or the date of death of the Executive; or 
 (ii) all payments specified in Section 4(d)(ii), Section 4(d)(iv) or Section 4(d)(v) which are subject to Code
Section 409A (as defined in Section 18) but are not made by March 15 of the year immediately following the Date of Termination, may not be made before the earlier of the date which is six (6) months after the Date of Termination
or the date of death of the Executive. 
 Furthermore, any payments pursuant to this Section 4 or Section 6 shall be postponed until six
(6) months following the end of the consulting period so long as the Executive continues to work on a consulting basis for the Company following termination and such consulting requires the Executive to work more than 20% of his average hours
worked during the 36 months preceding his termination. Any payments that were scheduled to be paid during the six (6) month period following the Executive’s Date of Termination, but which were delayed pursuant to this Section 4(f),
shall be paid without interest on, or as soon as administratively practicable after, the first day following the six (6) month anniversary of the Executive’s Date of Termination (or, if earlier, the date of Executive’s death). Any
payments that were originally scheduled to be paid following the six (6) months after the Executive’s Date of Termination, shall continue to be paid in accordance to their predetermined schedule. 
 5. Post Termination Obligations. 
 (a)
Proprietary Information Defined. “Proprietary Information” is all information and any idea in whatever form, tangible or intangible, pertaining in any manner to the business of the Company or any Affiliated Company, or to its
clients, consultants, or business associates, unless: (i) the information is or becomes publicly known through lawful means; (ii) the information was rightfully in the Executive’s possession or part of his general knowledge prior to
his employment 

  

 11 

 
by the Company; or (iii) the information is disclosed to the Executive without confidential or proprietary restriction by a third party who rightfully
possesses the information (without confidential or proprietary restriction) and did not learn of it, directly or indirectly, from the Company. 
 (b) General Restrictions on Use of Proprietary Information. The Executive agrees to hold all Proprietary Information in strict confidence and trust for the sole benefit of the Company and not to, directly or indirectly, disclose,
use, copy, publish, summarize, or remove from Company’s premises any Proprietary Information (or remove from the premises any other property of the Company), except (i) during his employment to the extent necessary to carry out the
Executive’s responsibilities under this Agreement, (ii) after termination of his employment as specifically authorized in writing by the Board, and (iii) pursuant to a subpoena; provided, however, that prior to responding to any
subpoena, the Executive shall give notice to the Company and an opportunity for the Company to object to such subpoena. 
 (c)
Non-Solicitation and Non-Raiding. To forestall the disclosure or use of Proprietary Information in breach of Section 5(b), and in consideration of this Agreement, the Executive agrees that for a period of two (2) years after
termination of his employment, he shall not, for himself or any third party, directly or indirectly (i) divert or attempt to divert from the Company (or any Affiliated Company) any business of any kind in which it is engaged, including, without
limitation, the solicitation of its customers as to products which are directly competitive with products sold by the Company at the time of the Executive’s termination, or interference with any of its suppliers or customers, or
(ii) solicit for employment any person employed by the Company, or by any Affiliated Company, during the period of such person’s employment and for a period of one year after the termination of such person’s employment with the
Company. 
 (d) Contacts with the Press. Following termination, the Executive will continue to abide by the Company’s policy that
prohibits discussing any aspect of Company business with representatives of the press without first obtaining the permission of the Company’s Public Relations Department. 
 (e) Remedies. Nothing in this Section 5 is intended to limit any remedy of the Company under the California Uniform Trade Secrets Act
(California Civil Code Section 3426), or otherwise available under law. 
 6. Severance Payments; Requirement of Mitigation; Release. 

 (a) Severance Payments. The Company and the Executive acknowledge that it would be impractical or extremely difficult to fix the
Executive’s actual damages in the case of termination at will by the Company pursuant to Section 4(d)(i) or in the case of a termination by the Executive for Good Reason pursuant to Section 4(d)(iii). Therefore, in the event of such a
termination and notwithstanding any other provision of this Agreement, in exchange for and in consideration of the Executive’s execution and non-revocation of a General Release (“Release”) in a form substantially equivalent to the
attached Exhibit, which may be amended by the Company, from time to time, to conform to applicable law, and subject to the mitigation provisions of Section 6(b), the Executive shall be entitled to severance payments made up of the following
components: 
 (i) Salary Component. 
 Payment, promptly after termination and in any event within 30 days after the Date of Termination, of a lump sum amount equal to the product of (A) three (3) and (B) the Executive’s Annual Base
Salary on the Date of Termination. 
  

 12 

 (ii) AIP and EIC Plan Components. 
 (A) Payment, promptly after termination and in any event within 30 days after the Date of Termination, of a lump sum amount equal to the
product of (A) three (3) and (B) 75% of his Average Annual Bonus. 
 (B) A pro rata portion calculated upon the
portion of the fiscal year during which the Executive was employed of the Executive’s AIP and/or EIC Plan award for the fiscal year in which the Executive’s employment terminated. The prorated award will be paid after the close of the
fiscal year at the same time that AIP and EIC Plan award payments are made to then employed executives; provided, however, that if the Executive is a Specified Employee (as defined in Section 1.409A-1(i) of the Treasury Department Regulations)
on the Date of Termination, such payments shall be made in accordance with Section 4(f) above. The award will be a percentage of the Executive’s AIP and/or EIC Plan target award for such fiscal year based upon the application of the
overall corporate results factor and the division and/or functional results factor, if applicable, of the AIP and/or EIC Plan award calculation matrix. The award will not be based on any personal objectives factor; thus, the individual modifier to
be applied to the corporate and business and/or functional results, if any, will be calculated at 100%. 
 (iii)
Medical/Dental Plans Component. 
 (A) For a period of three (3) years, the Company shall: 
 (1) if the Executive participated in a company self-insured medical plan (which does not satisfy the requirements of
Section 105(h)(2)) immediately prior to the Date of Termination, pay to the Executive or cause to have paid on the Executive’s behalf the sum of (x) the Company’s portion of the premium payable under the Company’s group
health plans for providing health benefits (i.e., medical, dental and vision benefits) to the Executive and to those family members covered through Executive under the Company’s group health plans at the time of the commencement of the
Separation Period, such coverage to be provided under the group health plans in which Executive and his covered family members are participating at the time of the commencement of the Separation Period or elect in accordance with the Company’s
applicable established procedures (reduced by any amounts which Executive is required to pay for such health benefit coverage as described in further detail below), and (y) an additional amount (the “Gross-Up Amount”) intended to
compensate Executive for any additional taxes, if any, for which Executive may become liable as a result of the provision of the benefits described in (x) so that Executive’s after-tax income is not decreased as a result of receiving the
benefits described in (x), with such Gross-Up Amount being calculated in accordance with the Company’s reasonable usual and customary procedures for determining tax gross-up payments, 

  

 13 

 
as such procedures may change from time to time. The Company shall pay or cause to have paid all amounts due under this Section 6(a)(iii)(A) in annual
installments, with the first installment due or credited within 30 days after the Date of Termination and subsequent installments being made or credited on the anniversary thereof; provided, however, that subsequent installments may be reduced or
eliminated to the extent that Executive becomes eligible for other health coverage through a subsequent employer; or 
 (2)
if paragraph (1) above is not applicable (because the Executive participated in a health benefit program to which Section 105(h) is not applicable, such as the Company’s HMO immediately prior to the Date of Termination), continue
benefits under such health plan on the same basis as an employee of the Company. 
 The purpose of providing the benefits pursuant to this
Section 6(a)(iii)(A) shall be to provide the Executive and/or the Executive’s covered family members with continued health benefits at least equal to those which would have been provided to them in accordance with the Company’s health
plans, programs, practices and policies if the Executive’s employment had not been terminated (with such contributions by the Executive as would have been required had the Executive’s employment not been terminated). The Executive shall
not participate in any other Company sponsored welfare benefit plans after the termination of employment. 
 (B) In addition,
if upon termination of employment the Executive has completed at least seven (7) years of service with the Company, continuation of the right to participate in Medical and/or Dental Plans as and if offered to former employees whose employment
terminated at or after age 55 with ten (10) or more years of service on the same terms and conditions as for such former employees including premium contributions from the Executive as in effect from time to time. Such right to participate
shall apply from the time such coverage would otherwise terminate pursuant to Section 6(a)(iii)(A) and shall continue until the Executive attains age 65; thereafter the Executive may participate in the Company’s Retiree Health Plan as and
if it may exist from time to time in the future (provided, not more than seven (7) years of service shall be required for eligibility thereunder), if he would be eligible to participate pursuant to the terms of that Plan; provided, however,
that such coverage shall not be provided to the extent the Executive is entitled to retiree benefits from The Coca-Cola Company, on a benefit-by-benefit and coverage-by-coverage basis, that duplicates the retiree benefits available to the Executive
by the Company. 
 (iv) LTC Program Component. 
 (A) If the Executive is vested in his accrued benefit pursuant to Section 3(e)(i) herein, then for purposes of the LTC Program his
termination of employment will be deemed to be a Termination of Employment Due to Retirement if the Executive irrevocably elects prior to his termination date to begin retirement benefits under the Company SERP. If the Executive does not so elect or
is not eligible to so elect, all LTC Program awards which remain at the Date of Termination will be treated pursuant to subsection (B) below. 
 (B) If the Executive does not elect or is not eligible to elect to commence benefits under the Company SERP pursuant to (iv)(A) above, then for purposes of all LTC Program awards, he will be deemed to have terminated
employment on the day prior to his Date of Termination. Whether any LTC Program award is forfeited in such a case will be determined by the terms of the award and the plan pursuant to which it was awarded. 
  

 14 

 (C) Notwithstanding the foregoing, the Executive shall become immediately vested in
unvested restricted stock units granted pursuant to 3(b)(iii)(A) and unvested stock options granted pursuant to Section 3(b)(iii)(B) as follows: 
 (1) for the purpose of this Section 6(a)(iv)(C), (x) such restricted stock unit grant shall be deemed to be two grants comprised of 60,000 restricted stock units and 23,500 restricted stock units;
(y) each such deemed grant shall have become vested in one-fourth of each such grant on each anniversary of the Effective Date through the Date of Termination; and (z) the remaining unvested portion of the deemed grant of 23,500 restricted
stock units shall become immediately vested on the Date of Termination; and 
 (2) for the purpose of this
Section 6(a)(iv)(C), (x) such stock option grant shall be deemed to be two grants comprised of 214,000 stock options and 61,000 stock options; (y) each such deemed grant shall have become vested in one-fourth of each such grant on
each anniversary of the Effective Date through the Date of Termination; and (z) the remaining unvested portion of the deemed grant of 61,000 stock options shall become immediately vested on the Date of Termination and the 61,000 such vested
stock options shall remain exercisable for three (3) years after the Date of Termination, subject to the earlier expiration of the term of such stock option. The vested portion of the deemed grant of 214,000 stock options will be exercisable
for one (1) year after the date of such termination of the Executive’s employment, subject to the earlier expiration of the term of such stock option. 
 (v) Automobile Component. 
 The Executive shall be entitled to purchase the Company-leased automobile, if any, being used by the Executive prior to termination at the “buyout amount” specified by the vehicle’s lessor. 
 The parties acknowledge that the amounts and benefits provided in (i) through (v) above constitute a reasonable estimate of and compensation
for any damages the Executive may suffer as the result of his termination of employment under this Agreement. 
 If the Executive does not
execute, or having executed, effectively revokes the Release, the Company will not be obligated to provide any benefits or payments of any kind to the Executive. 
 (b) Coordination of Benefits. The Executive’s medical and dental benefit coverage under Section 6(a)(iii)(A) and/or (B) shall be secondary to medical and/or dental coverage provided to the
Executive by a subsequent employer to the extent such benefits are available, and or are duplicated by such benefits by a prior employer to the extent available on a benefit-by-benefit and coverage-by-coverage basis, and the Executive will make
every good faith effort to participate in any such coverage. For any period during which the Executive does not make such a good faith effort the Executive’s medical and dental plan coverage under Section 6(a)(iii)(A) and/or (B) shall
be completely suspended. If medical and dental benefit coverage ceases to be provided by the subsequent or prior employer, as the case may be, the Executive may have his 

  

 15 

 
Section 6(a)(iii)(A) and/or (B) coverage from the Company become his primary coverage again. The Executive’s right to medical and dental
continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 shall commence after the conclusion of coverage under Section 6(a)(iii)(A) and/or (B), as the case may be. 
 (c) Lack of Participation in Qualified Plans. Upon termination of employment the Executive shall cease to actively participate in any qualified
benefit plan maintained by the Company, such as the Pension Plan and the 401(k) Plan, and the Executive shall also cease to actively participate in any welfare benefit plan maintained by the Company, except as otherwise provided in
Section 6(a)(iii) above or under the terms of such plan. No employee or employer contributions will be made to any qualified benefit plan based on any bonus paid after the termination of the Executive’s employment. 
 7. Successors. 
 (a) This Agreement is personal
to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement 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 in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place. As used in this Agreement, “Company” shall mean the Company as herein before defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation
of law, or otherwise. 
 8. Notices. All notices or other communications required or permitted hereunder shall be made in writing. Notice shall
be effective on the date of delivery if delivered by hand upon receipt, on the first business day following the date of dispatch if delivered utilizing next day service by a recognized next day courier to the applicable address set forth below, or
if mailed, three (3) business days after having been mailed, postage prepaid, by certified or registered mail, return receipt requested, and addressed to the applicable address set forth below. Notice given by facsimile shall be effective upon
written confirmation of receipt of the facsimile.  
 If to the Executive: 
 To the residence address for the Executive last shown on the Company’s payroll records. 
  

 16 

 If to the Company: 
 The Clorox Company 
 1221 Broadway 
 Oakland, California 94612 
 Attention: General
Counsel 
 Fax:
[                            ] 
 or to such other address as either party shall have furnished to the other in writing in accordance herewith. 
 9.
Entire Agreement. Together with the Amended and Restated Change in Control Agreement, between the Executive and the Company, the terms of this Agreement (and the restricted stock award agreement contemplated under Section 3(a)(ii)(A)
and the stock option award agreement contemplated under Section 3(a)(ii)(B)) are intended by the parties to be the final expression of their agreement with respect to the employment of the Executive by the Company and may not be contradicted by
evidence of any prior or contemporaneous agreement. The parties further intend that this Agreement (and such restricted stock award agreement and such stock option award agreement) and said Change in Control Agreement shall constitute the complete
and exclusive statement of their terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding involving either Agreement. The Change in Control Agreement and this Agreement (and such
restricted stock award agreement and such stock option award agreement) supersede any prior agreements, written or oral, between the Company and the Executive concerning the terms of his employment. 
 10. Amendments; Waivers. This Agreement may not be modified, amended, or terminated except by an instrument in writing, signed by the Executive and by a
duly authorized representative of the Company other than the Executive. By an instrument in writing similarly executed, either party may waive compliance by the other party with any provision of this Agreement that such other party was or is
obligated to comply with or perform, provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, or power provided herein or by
law or in equity. 
 11. Severability. If any one or more of the provisions contained in this Agreement, or any application thereof,
shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and all other applications thereof shall not in any way be affected or impaired thereby. This Agreement
shall be construed and enforced as if such invalid, illegal or unenforceable provision has never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the invalid, illegal or
unenforceable provision or by its severance herefrom. In lieu of such invalid, illegal or unenforceable provisions there shall be added automatically as a part hereof a provision as similar in terms and economic effect to such invalid, illegal or
unenforceable provision as may be possible and be valid, legal and enforceable. 
  

 17 

 12. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of California, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. 
 13. Executive Acknowledgment. The Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Agreement and
has been advised to do so by the Company, and (b) that he has read and understands the Agreement, is fully aware of its legal effect, and has entered into it freely based on his own judgment. 
 14. Arbitration. Any controversy between the Executive, his heirs or estate and the Company or any employee of the Company, including but not limited to,
those involving the construction or application of any of the terms, provisions or conditions of this Agreement or otherwise arising out of or related to this Agreement, shall be settled by arbitration before a single arbitrator in accordance with
the then current commercial arbitration rules of the American Arbitration Association, and judgment on the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The location of the arbitration shall be San
Francisco, California if the Executive’s current or most recent location of employment with the Company is or was located in Alameda or Contra Costa County, California. If it is or was elsewhere, the arbitration shall be held at the city
nearest to the Executive’s last location of employment with the Company that has an office of the American Arbitration Association. The arbitrator shall, to the extent that the Executive prevails in the arbitration, award attorney’s fees
to the Executive. 
 15. Representation. The Executive represents and warrants to the Company that he has the legal right to enter into
this Agreement and to perform all of the obligations on his part to be performed hereunder in accordance with its terms and that he is not a party to any agreement or understanding, written or oral, which could prevent him from entering into this
Agreement or performing all of his obligations hereunder. 
 16. Indemnification. The Company agrees to indemnify the Executive and hold
him harmless to the fullest extent permitted by the Company’s certificate of incorporation, bylaws and applicable law against and in respect to any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses, losses, and
damages resulting from the Executive’s good faith performance of his duties and obligations with the Company. The Company shall insure the Executive under any contract of directors and officers liability insurance, insuring members of the
Board, during his employment and tenure as a Board member and thereafter for so long as he may be subject to liability for such acts or omissions in the performance of his duties and obligations to the Company. 
 17. Withholdings. The Company may withhold from any amounts payable pursuant to this Agreement such Federal, state, local or foreign taxes as shall be
required to be withheld pursuant to any applicable law or regulation. 
  

 18 

 18. Code Section 409A. To the extent applicable, it is intended that this Agreement and any
payment made hereunder shall comply with the requirements of Section 409A of the Internal Revenue Code, and any related regulations or other effective guidance promulgated with respect to such Section by the U.S. Department of the Treasury or
the Internal Revenue Service (“Code Section 409A”). Any provision that would cause the Agreement or any payment hereof to fail to satisfy Code Section 409A shall have no force or effect until amended to the minimum extent
required to comply with Code Section 409A, which amendment may be retroactive to the extent permitted by Code Section 409A. 
 19. No
Mitigation. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, except as specifically
provided in Section 6(b), such amounts shall not be reduced if the Executive obtains other employment. 
 20. Inconsistency. In the
event of any inconsistency between (a) this Agreement and (b) any other plan, program, practice or agreement in which the Executive participates or is a party, this Agreement shall control unless such other agreement provides explicitly to
the contrary. 
 21. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instruments. One or more counterparts of this Agreement may be delivered by facsimile, with the intention that delivery by such means shall have the same effect as delivery of an
original counterpart thereof. 
 The parties have duly executed this Agreement as of the date that first appears at the beginning of
this Agreement. 
  

			
	The Company:
	THE CLOROX COMPANY
		
	By:	 	/s/ Laura Stein
	Its:	 	Senior Vice President-General Counsel
	
	The Executive:
	
	/s/ Donald R. Knauss

  

 19 

 EXHIBIT 
 GENERAL RELEASE 
 This document is an important one. You should review it carefully and, if
you agree to it, sign at the end on the line indicated. 
 You have 21 days to sign this Release, during which time you are advised to
consult with an attorney regarding its terms. 
 After signing this Release, you have seven days to revoke it. Revocation should be
made in writing and delivered so that it is received by the Corporate Secretary of The Clorox Company, 1221 Broadway, Oakland, CA 94612 no later than 4:30 p.m. on the seventh day after signing this Release. If you do revoke this Release within that
time frame, you will have no rights under it. This Release shall not become effective or enforceable until the seven day revocation period has expired. 
 The agreement for payment of consideration in paragraph 2 will not become effective until the seven day revocation period has passed. 
 This GENERAL RELEASE is entered into between The Clorox Company (hereinafter referred to as “Employer”) and
                                        
(hereinafter referred to as “Executive”). Employer and Executive agree as follows: 
 1. Executive’s regular employment with
Employer will terminate as of                         , 20_. Executive is ineligible for reemployment or reinstatement
with Employer. 
 2. Upon Executive’s acceptance of the terms set forth herein, the Employer agrees to provide the Executive with
compensation and benefits set forth in Section 6 of the Amended and Restated Employment Agreement between the Executive and the Employer (the “Employment Agreement”), a copy of which is attached as the first Exhibit to this General
Release. A complete description of those benefits is attached as the second Exhibit to this General Release. 
  

 20 

 3. (a) In consideration of the Employer providing Executive this compensation, Executive and
Executive’s heirs, assignees and agents agree to release the Employer, all affiliated companies, agents (solely in their capacity as agents and not as advisors) and employees and each of their successors and assigns (hereinafter referred to as
“Releasees”) fully and finally from any claims, liabilities, demands or causes of action which Executive may have or claim to have against the Releasees at present or in the future, except claims for vested benefits, if any; provided, this
release does not apply to (x) Executive’s rights under paragraph 2 hereof, (y) Executive’s rights to indemnification under Section 16 of the Employment Agreement or otherwise, or (z) Executive’s rights to accrued
and vested benefits under all employee benefit plans of the Employer (in accordance with the terms thereof) in which he actively participated immediately prior to termination of his employment. The claims released may include, but are not limited
to, any tax obligations as a result of the payment of consideration referred to in paragraph 2, and claims arising under federal, state or local laws prohibiting discrimination in employment, including the Age Discrimination in Employment Act (ADEA)
or claims growing out of any legal restrictions on the Employer’s right to terminate its employees. Claims of discrimination, wrongful termination, age discrimination, and any other claims other than as expressly excepted above are hereby
released. 
 (b) By signing this document, Executive agrees not to file a lawsuit to assert such claims. Executive also agrees that if
Executive breaches this provision, Executive will be liable for all costs and attorneys’ fees incurred by any Releasee resulting from such action. 
 4. By signing this document, Executive is also expressly waiving the provisions of California Civil Code section 1542, which provides as follows: 
 “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release,
which if known by him must have materially affected his settlement with the debtor.” 
 By signing this document, Executive agrees and
understands that Executive is releasing unknown as well as known claims related to Executive’s employment in exchange for the compensation set forth above. 
  

 21 

 5. Executive agrees to maintain in complete confidence the terms of this Release, except as it may be
necessary to comply with a legally compelled request for information. It is agreed since confidentiality of this Release is of the essence, damages for violation being impossible to assess with precision, that $10,000 is a fair estimate of the
damage caused by each disclosure and is agreed to as the measure of damages for each violation. 
 6. Executive agrees to indemnify and hold
Employer harmless from and against any tax obligations for which Executive may become liable as a result of this Release and/or payments made pursuant to the Employment Agreement, other than tax obligations of the Employer resulting from the
nondeductibility of any payments made pursuant to this Release or the Employment Agreement. 
 7. Agreeing to this Release shall not be
deemed or construed by either party as an admission of liability or wrongdoing by either party. 
 8. This Release, the Employment Agreement
and the plan documents of the plans of The Clorox Company referred to in the Employment Agreement set forth the entire agreement between Executive and the Employer. This Release and the Employment Agreement are not subject to modification except in
writing executed by both of the parties. The Clorox Company plans referred to in the Employment Agreement may be amended in accordance with the provisions of those plans. 
 Executive acknowledges by signing below that Executive has not relied upon any representations, written or oral, not set forth in this Release. 
 Executive 
 Dated: 
 THE CLOROX
COMPANY 
 By: __________________ 
 Dated: 
  

 22

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