Document:

The Procter & Gamble 2001 Stock and Incentive Compensation Plan

 EXHIBIT 10-1 
 The Procter & Gamble 2001 Stock and Incentive Compensation Plan 
 Related Correspondence and Terms
and Conditions 

 

 
  

					
		 	[GRANT_DATE]	 	[GLOBALID]

 [FIRST_NAME] [MIDDLE_NAME] [LAST_NAME]] 
 Subject: NON-STATUTORY STOCK OPTION SERIES 09-AA 
 In recognition of your contributions to the future success of the
business, The Procter & Gamble Company (“Company”) hereby grants to you an option to purchase shares of Procter & Gamble Common Stock as follows: 
  

			
	Grant Value:	  	$[DELIVERED_GRANT_VALUE]
	Option Price per Share:	  	$[STOCK_PRCE]
	Number of Shares:	  	[SHARES]
	Date of Grant:	  	[GRANT_DATE]
	Expiration of Option:	  	27 February 2019
	Option Vest Date:	  	100% after 27 February 2012
	Acceptance Deadline:	  	28 April 2009

 This stock option is granted in accordance with and subject to the terms of The Procter & Gamble 2001
Stock and Incentive Compensation Plan (including any applicable sub-plan) (the “Plan”), the Regulations of the Compensation and Leadership Development Committee of the Board of Directors (“Committee”), and the Exercise
Instructions in place as may be revised from time to time. 
 You may access, download and/or print the terms, or any portion thereof, of the Plan by
activating this hyperlink: The Procter & Gamble 2001 Stock and Incentive Compensation Plan. Specific portions of the Plan are also hyperlinked below for your ease in reviewing. Nonetheless, if you would prefer to receive a paper copy
of The Procter & Gamble 2001 Stock and Incentive Compensation Plan, please send a written request via email to Execcomp.IM@pg.com. Please understand that you will continue to receive future Plan materials and information via electronic mail
even though you may have requested a paper copy. 
 The option is not transferable other than by will or the laws of descent and distribution and is
exercisable during your life only by you. This option will become void upon any separation (including retirement) from the Company or any of its subsidiaries within 6 months of the grant date. This option may also become void upon separation from
the Company or any of its subsidiaries at any time later than 6 months after the grant date (see Article G, paragraph 4 of the Plan). For the purposes of this option, separation from the Company or any of its subsidiaries and termination of
employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law. 

 Please note that when the issue or transfer of the Common Stock covered by this option may, in the opinion of the
Company, conflict or be inconsistent with any applicable law or regulation of any governmental agency, the Company reserves the right to refuse to issue or transfer said Common Stock and that any outstanding options may be suspended or terminated if
you engage in actions that are significantly contrary to the best interests of the Company or any of its subsidiaries. 
 This option to purchase shares of
Common Stock of the Company is subject to the Employee Acknowledgement and Consent Form below and to the terms of the Plan, with which you acknowledge you are familiar by accepting this award, including the non-compete provision and other terms of
Article F. The option is also subject to and bound by the actions of the Compensation and Leadership Development Committee and of the Company’s Board of Directors. This option grant and the Plan together constitute an agreement between
the Company and you in accordance with the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the Company regarding this specific stock option grant. Any legal action related to this option,
including Article F, may be brought in any federal or state court located in Hamilton County, Ohio, USA, and you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions
related to this option grant. 
 Under IRS standards of professional practice, certain tax advice must meet requirements as to form and substance. To assure
compliance with these standards, we disclose to you that this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties or promoting, marketing, or recommending to another party any transaction or
matter addressed herein. 
  

	
	THE PROCTER & GAMBLE COMPANY
	
	Steven W. Jemison
	
	Secretary for the Compensation and Leadership
	Development Committee

 ATTACHMENTS 
 To Accept Your Stock Option 
 Read and check each of the boxes below: 
  

					
	  ̈
	 	 I have read, understand and agree to be bound by each of:
	 	the terms of this letter; The Procter & Gamble 2001 Stock and Incentive Compensation Plan; and the Employee Acknowledgement and Consent Form (below).
		
	  ̈
	 	I accept the stock option grant detailed above. (To accept this option, you must also check the box above.)

 To Reject Your Stock Option 
 Read and check the box below: 
  

					
	  ̈
	 	I have read and understand the terms noted above. I do not agree to be bound by these terms, and hereby reject the stock option grant detailed above.
		
		 	SUBMIT

 Employee Acknowledgement and Consent Form 
 I understand that I am eligible to receive a grant of stock options or restricted stock units (“RSUs”) under The Procter & Gamble 2001 Stock and
Incentive Compensation Plan or The Gillette Company 2004 Long Term Incentive Plan (together, referred to as the “Plans”). 
 Data Privacy

 I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data as described in
this document by and among, as applicable, my employer (“Employer”) and The Procter & Gamble Company and its subsidiaries and affiliates (“P&G”) for the exclusive purpose of implementing, administering and managing
my participation in the Plans. 
 I understand that P&G and my Employer hold certain personal information about me, including, but not limited to, my
name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in P&G, details of all options or RSUs or any other
entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in my favor, for the purpose of implementing, administering and managing the Plans (“Data”). I understand that Data may be transferred to any
third parties assisting in the implementation, administration and management of the Plans, that these recipients may be located in my country or elsewhere, and that the recipient’s country may have different data privacy laws and protections
than my country. I understand that I may request a list with the names and addresses of any potential recipients of the Data by contacting my local human resources representative. I authorize the recipients to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing my participation in the Plans, including any requisite transfer of such Data as may be required to a broker or other third party with whom I
may elect to deposit any shares of stock acquired upon exercise of the option or settlement of the RSU. I understand that Data will be held only as long as is necessary to implement, administer and manage my participation in the Plans. I understand
that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing my
local human resources representative. I understand, however, that refusing or withdrawing my consent may affect my ability to participate in the Plans. For more information on the consequences of my refusal to consent or withdrawal of consent, I
understand that I may contact my local human resources representative. 
 Nature of Grant 
 By completing this form and accepting the grant of the stock options or RSUs evidenced hereby, I acknowledge that: i) the Plans are established voluntarily by The
Procter & Gamble Company, it is discretionary in nature and it may be amended, suspended or terminated at any time; ii) the grant of options or RSUs under the Plans is voluntary and occasional and does not create any contractual or other
right to receive future grants of options or RSUs, or benefits in lieu of options or RSUs, even if options or RSUs have been granted repeatedly in the past; iii) all decisions with respect to future grants of options or RSUs, if any, will be at the
sole discretion of P&G; iv) my participation in the Plans is voluntary; v) the option or RSU is an extraordinary item and not part of normal or expected compensation or salary for any purposes including, but not limited to, calculating any
termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; vi) in the event that my employer is not P&G, the grant of options or RSUs will not be
interpreted to form an employment relationship with P&G; and furthermore, the grant of options or RSUs will not be interpreted to form an employment contract with my Employer; vii) the future value of the shares purchased under the Plans is
unknown and cannot be predicted with certainty, may increase or decrease in value, even below the exercise price and, if the underlying shares do not increase in value, the 

 
option will have no value; iix) my participation in the Plans shall not create a right to further employment with my Employer and shall not interfere with
the ability of my Employer to terminate my employment relationship at any time, with or without cause; ix) and no claim or entitlement to compensation or damages arises from the termination of the option or RSU or the diminution in value of the
option or RSU or shares purchased and I irrevocably release P&G and my Employer from any such claim that may arise. 
 Responsibility for Taxes

 Regardless of any action P&G or my Employer takes with respect to any or all income tax, social insurance, payroll tax, payment on account or
other tax-related withholding (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and remains my responsibility and that P&G and/or my Employer (1) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the option or RSU grant, including the grant, vesting or exercise of the option, settlement of the shares from the RSU, the subsequent sale of shares acquired and the
receipt of any dividends or the potential impact of current or future tax legislation in any jurisdiction; and (2) do not commit to structure the terms of the grant or any aspect of the option or RSU to reduce or eliminate my liability for
Tax-Related Items. 
 Prior to exercise of the option or settlement of the shares from the RSU, I shall pay or make adequate arrangements satisfactory to
P&G and/or my Employer to satisfy all withholding and payment on account obligations of P&G and/or my Employer. In this regard, I authorize P&G and/or my Employer to withhold all applicable Tax-Related Items from my wages or other cash
compensation paid to me by P&G and/or my Employer or from proceeds of the sale of the shares. Alternatively, or in addition, if permissible under local law, P&G may (1) sell or arrange for the sale of shares that I acquire to meet the
withholding obligation for Tax-Related Items, and/or (2) withhold in shares, provided that P&G only withholds the amount of shares necessary to satisfy the minimum withholding amount. Finally, I shall pay to P&G or my Employer any
amount of Tax-Related Items that P&G or my Employer may be required to withhold as a result of my participation in the Plans or my purchase of shares that cannot be satisfied by the means previously described. P&G may refuse to honor the
exercise and refuse to deliver the shares if I fail to comply with my obligations in connection with the Tax-Related Items as described in this section. 

 Appendix 1: Payment Preference Materials for Key Manager Awards 
 [DATE] 
 [NAME] 
 Subject: Preferences for [YEAR] Key Manager Payments  
 Your choices
for the awards are: 
 February [YEAR] Key Manager Award 
  

	 	•	 	 Stock Options 

  

	 	•	 	 Restricted Stock Units (RSUs) (0%, 25% or 50%) 

 Attached you will find an election form to be returned to [NAME]. 
 Please keep the following in mind as you consider your choices: 
  

	 	•	 	 It is recommended that you consult legal/tax/financial advisors to determine the appropriate award form(s) for your personal situation.

  

	 	•	 	 While your selection will be given consideration, it is not binding on the Company until approved by the Compensation & Leadership Development Committee of
the Board of Directors. 

 IF YOU MISS THE [DATE] DEADLINE, YOU WILL RECEIVE THE DEFAULT (STOCK OPTIONS). 
 [NAME] 

 [YEAR] EXECUTIVE COMPENSATION AWARD FORM PREFERENCES 
 [YEAR] Key Manager Long-Term Incentive Award Payable [DATE] [YEAR] Preference Selection 
  

					
	Stock Options	  	            %	  	
			
	 Restricted Stock Units (RSUs)
 Choices are 0%, 25% or 50%

	  	            %  
 (maximum of 50%)
	  	Shares will deliver 100% in 5 years ([DATE]). Key Manager RSUs have no dividend equivalents and no deferral past 5 years.
			
	Total	  	      100%	  	

  

	 	•	 	 You must be an active employee as of the award date to receive any non-cash award 

  

	 	•	 	 All elections are irrevocable after [DATE]. 

  

									
		 	  
	 		 	  
	 	
		 	Signature	 		 	Date	 	

 Return form to [NAME] 

 Appendix 2: Key Manager Individual Grant Summary 
 Name:     [NAME] 
  

							
	Your [YEAR] Key Manager Total Grant Value is:	 		 	[Grant Value]	 	
			
	You elected to receive your 2008 Key Manager Award as:	 		 	[    ]%    Stock Options
			
		 		 	[    ]%    Restricted Stock Units (RSUs)

 You must accept this award electronically prior to [DATE] or it will be forfeited.

 Grant Details: 
  

			
	 Stock Options

	Grant Date:	 	[DATE]
	Grant Value:	 	[SO GRANT VALUE]
	Number of Option Shares:	 	[NUMBER]
	Grant Price:	 	[PRICE]
	Vest Date:	 	[DATE]
	Expiration Date:	 	[DATE]
	
	 Restricted Stock Units

	Number of RSUs:	 	[NUMBER]
	Date Shares Deliver:	 	[DATE]

 Grant Calculation: 
 The closing stock price on the grant date of [DATE] was [PRICE] 
  

											
	Number of Stock Options	 	 =  Total Grant Value
	 	 ÷  Grant Price
	 	 x  % stock options elected

						
	Number of RSUs	 	 =  Total Grant Value
	 	 ÷  Grant Price
	 	 x  % RSUs elected
	 	 ÷  [conversion factor]
	  	

 As a Recipient, what can you expect next? 
  

	 	•	 	 Your manager will release your grant in the system and you will receive an email message from [NAME] that contains: 

  

	 	•	 	 a link to instructions on what you need to do to accept your grant 

  

	 	•	 	 a link to your official Grant Letter where you must electronically accept or reject your grant 

  

	 	•	 	 Grants not accepted by [DATE] will be forfeited. 

  

	 	•	 	 You will receive an email confirmation from [NAME] when you have successfully accepted or rejected the grant. 

  

	 	•	 	 Accepted grants appear in your personal stock option account (My Stock Options/Future Shares found on my.PG.com/Employee Resources) within 48 hours.

 This summary is for information purposes only. This summary does not replace your official grant letter that is being sent to you
electronically to which you must respond. 

 Appendix 3: Grant Letter for Key Manager Award in Stock Options and Stock Appreciation
Rights 
  

			
	[DATE]	  	
	[NAME]	  	
	Subject:	  	Non-Statutory Stock Option Series xx-xx

 In recognition of your contributions to the success of the business, the Procter & Gamble Company
(“Company”) hereby grants to you an option to purchase shares of the Procter & Gamble Common Stock as follows: 
  

			
	Grant Value:	  	[NUMBER]
	Option Price per Share:	  	[NUMBER]
	Number of Shares:	  	[NUMBER]
	Date of Grant:	  	[DATE]
	Expiration of Option:	  	[DATE]
	Option Exercisable:	  	[NUMBER]% after [DATE]
	Acceptance Deadline:	  	[DATE]

 This stock option is granted in accordance with and subject to the terms of The Procter & Gamble 2001
Stock and Incentive Compensation Plan (including any applicable sub-plan) (the “Plan”), the Regulations of the Compensation & Leadership Development Committee of the Board of Directors (the “Committee”), and the Exercise
Instructions in place as may be revised from time to time. 
 You may access, download and/or print the terms, or any portion thereof, of the Plan by
activating this hyperlink [LINK]. Nonetheless, if you would prefer to receive a paper copy of The Procter & Gamble 2001 Stock and Incentive Compensation Plan, please send a written request via email to [EMAIL ADDRESS]. Please understand
that you will continue to receive future Plan materials and information via electronic mail even though you may have requested a paper copy. 
 The option is
not transferable other than by will or the laws of descent and distribution and is exercisable during your life only by you. This option will become void upon any separation (including retirement) from the company or any of its subsidiaries within 6
months of the grant date. This option may also become void upon separation from the Company or any of its subsidiaries at any time later than 6 months after the grant date (see Article G, paragraph 4 of the Plan). For the purposes of this option,
separation from the company or any of its subsidiaries and termination of employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law. 
 Please note that when the issue or transfer of the Common Stock covered by this option may, in the opinion of the Company, conflict or be inconsistent with any
applicable law or regulation of any governmental agency, the Company reserves the right to refuse to issue or transfer said Common Stock and that any outstanding stock options may be suspended or terminated if you engage in actions that are
significantly contrary to the best interests of the Company or any of its subsidiaries. 
 This option to purchase shares of Common Stock of the Company is
subject to the Employee Acknowledgement and Consent Form below and to the terms of the Plan, with which you acknowledge you are familiar by accepting this award, including the non-compete provision and other terms of Article F. The option is also
subject to and bound by the actions of the compensation and Leadership Development Committee and of the Company’s Board of Directors. This option grant and the Plan together constitute an agreement between the Company and you in accordance with
the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the company regarding this specific stock option grant. Any legal action related to this option, including Article F, may be brought in any
federal or state court located in Hamilton County, Ohio, USA, and you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this option grant. 

 Under IRS standards of professional practice, certain tax advice must meet requirements as to form and substance. To
assure compliance with these standards, we disclose to you that this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties, or promoting, marketing or recommending to another party any
transaction or matter addressed herein. 
  

	
	The Procter & Gamble Company
	[NAME]

 To Accept Your Stock Option 
 Read and check each of the boxes below: 
  

	 ̈	I have read, understand and agree to be bound by each of: 

 The terms of this letter; The Procter & Gamble 2001 Stock and Incentive Plan; and the Employee Acknowledgement and Consent Form. 
  

	 ̈	I accept the stock option grant detailed above. (To accept this option, you must also check the box above.) 

 To Reject Your Stock Option 
 Read and check each of the boxes below:

  

	 ̈	I have read and understand the terms noted above. I do not agree to be bound by these terms, and hereby reject the stock option grant detailed above. 

 Appendix 4: Grant Letter for Key Manager Award in RSUs 
  

			
	[DATE]	  	
	[NAME]	  	
		
	 Subject:
	  	Award of Restricted Stock Units Series xx-KM-RSU

 In recognition of your contributions to the future success of the business, The Procter & Gamble Company
(“Company”) hereby grants to your Restricted Stock Units (“RSUs”) as follows: 
  

			
	Number of Restricted Stock Units:	  	[NUMBER]
	Date of Grant:	  	[DATE]
	Forfeiture Date:	  	[DATE]
	Settlement Date (Shares Delivered on):	  	[DATE]
	Acceptance Deadline:	  	[DATE]

 These RSUs are granted in accordance with and subject to the terms of The Procter & Gamble 2001 Stock and
Incentive Compensation Plan (including any applicable sub-plan) (“the Plan”), the Regulations of the Compensation and Leadership Development Committee of the Board of Directors (“Committee”), the Settlement Instructions in place
as may be revised from time to time, and the attached Statement of Terms and Conditions Form [CODE]. 
 You may access, download and/or print the terms, or
any portion thereof, of the Plan by activating this hyperlink: [LINK]. Nonetheless, if you would prefer to receive a paper copy of The Procter & Gamble 2001 Stock and Incentive Compensation Plan, please send a written request via email to
[EMAIL ADDRESS]. Please understand that you will continue to receive future Plan materials and information via electronic mail even though you may have requested a paper copy. 
 RSUs are not transferable other than by will or the laws of descent and distribution. RSUs will become void upon any separation (including retirement) from the company or any of its subsidiaries within 6 months of the
grant date. RSUs may also become void upon separation from the Company or any of its subsidiaries at any time later than 6 months after the grant date (see Section 2(b) of the Terms and Conditions Form [FORM]). For the purposes of this RSU
grant, separation from the company or any of its subsidiaries and termination of employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law. 

Please note that when the issue or transfer of the Common Stock covered by this RSU grant may, in the opinion of the Company, conflict or be inconsistent with any
applicable law or regulation of any governmental agency, the Company reserves the right to refuse to issue or transfer said Common Stock and that any outstanding RSUs may be suspended or terminated if you engage in actions that are significantly
contrary to the best interests of the Company or any of its subsidiaries. 
 RSUs granted hereunder are subject to the Employee Acknowledgement and Consent
Form below and to the terms of the Plan, and the attached statement of Terms and Conditions Form [FORM] with which you acknowledge you are familiar by accepting this award, including the non-compete provision and other terms of Section 3(a) of
Terms and Conditions Form [FORM]. These RSUs are also subject to and bound by the actions of the compensation and Leadership Development Committee and of the Company’s Board of Directors. This RSU grant, the Plan, and the attached statement of
Terms and Conditions Form [FORM] together constitute an agreement between the Company and you in accordance with the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the company regarding these
RSUs. Any legal 

 
action related to these RSUs, including the non-compete provisions, may be brought in any federal or state court located in Hamilton County, Ohio, USA, and
you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this RSU grant. 
 Under IRS standards of professional practice, certain tax advice must meet requirements as to form and substance. To assure compliance with these standards, we disclose to you that this communication is not intended or written to be used,
and cannot be used, for the purpose of avoiding penalties, or promoting, marketing or recommending to another party any transaction or 
  

	
	THE PROCTER & GAMBLE COMPANY
	[NAME]

 To Accept Your Restricted Stock Unit Grant 
 Read and check each of the boxes below: 
  

	 ̈	I have read, understand and agree to be bound by each of: 

 The terms of this letter; The Procter & Gamble 2001 Stock and Incentive Plan; Terms and Conditions Form [FORM] and the Employee Acknowledgement and Consent Form. 
  

	 ̈	I accept the Restricted Stock Unit grant detailed above. (To accept this option, you must also check the box above.) 

 To Reject Your Restricted Stock Unit Grant 
 Read and check each of
the boxes below: 
  

	 ̈	I have read and understand the terms noted above. I do not agree to be bound by these terms, and hereby reject the Restricted Stock Unit grant detailed above.

 Form RTN 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Data” has the
meaning described in Section 10; 
 (b) “Disability” means termination of employment under the permanent disability
provision of any retirement plan of Procter & Gamble; 
 (c) “Dividend Equivalents” has the meaning described in
Section 4; 
 (d) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (e) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (f) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (g) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (h) “Post-Forfeiture Period” means the period from the Forfeiture Date until the Original Settlement Date; 
 (i) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (j) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the Original Settlement Date; 
 (k) “Separation from
Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit (including all rights to receive Dividend Equivalents). 
  

 12-31-08 

 Form RTN 
  

 (b) During the Forfeiture Period, your Restricted Stock Units (including all rights to receive
Dividend Equivalents) will be forfeited and cancelled if you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability; (ii) death; or (iii) in certain circumstances, your Special
Separation. In the event of your death or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability. In the event
of your Special Separation during the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company. 
 (c) Upon your death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock
Units and/or Dividend Equivalents, your Original Settlement Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (d) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in
Control occurrence meets the definitional requirements of a change in control as defined under Section 409A, your Original Settlement Date will become the date the Change in Control occurred, and the award will be settled in accordance with the
terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your Original Settlement Date will not be changed. 
 (e) From time to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an award of Restricted Stock Units, or to settle your Restricted Stock Units, including requiring you to do so by
means of electronic signature, or charging you an administrative fee for doing so. 
 (f) Once your Restricted Stock Units have been settled
by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with the Restricted Stock Units. 

 

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
  

 12-31-08 

 Form RTN 
  

 (ii) with respect to which, during the two (2) years preceding the termination of your
employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose
Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of yours). As used in this Section 3(b),
“generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely outside of the United States, the appropriate domestic United States and/or appropriate foreign country
or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete geographic region, which information Procter & Gamble is considering for broader use, will not
be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also includes personnel knowledge about a manager, or
managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special
skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or indirectly affords you a confidential basis to
solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose Procter & Gamble’s
trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm caused to Procter & Gamble
by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree that any interim or final equitable
relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights you or Procter & Gamble may
have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions contained in Sections 3(a)
through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction to be overly broad as to scope of
activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as to be enforceable to the extent
compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the remainder of the provisions
will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

 12-31-08 

 Form RTN 
  

	4.	Dividend Equivalents. 

 As a holder of Restricted
Stock Units, during the period from the Grant Date until the Original Settlement Date, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional Restricted Stock Units (“Dividend
Equivalents”). The number of such additional Restricted Stock Units will be determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the cash dividend or other cash distribution on the
Common Stock, and then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms and conditions as the original Restricted Stock
Units that gave rise to them, including forfeiture and settlement terms, except that if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled, you will receive one share of Common Stock for the
fractional Dividend Equivalent Restricted Stock Units. 
  

	5.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	6.	Adjustments in Case of Stock Dividends, Stock Splits, Etc. 

 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the
corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	7.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate
for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with
respect to any income tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and
that Procter & Gamble makes no representations about the tax treatment of your Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the Restricted Stock Units or Dividend Equivalents to reduce or
eliminate your tax liability. 
  

	8.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

 12-31-08 

 Form RTN 
  

	9.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is
voluntary; (v) Restricted Stock Units are an extraordinary item and not part of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or
end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an
employment relationship with the Company; and, furthermore, the award of Restricted Stock Units will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown
and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in
settlement thereof, and you irrevocably release Procter & Gamble from any such claim that may arise. 
  

	10.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be 

  

 12-31-08 

 Form RTN 
  

 
located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You
understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom you may elect to deposit any shares of
Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the plan. You understand that you may, at any
time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case without cost, by contacting in writing
your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of
consent, you understand that you may contact your local human resources representative. 
  

	11.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		  	 The Procter & Gamble Company
 ATTN: Corporate
Secretary’s Office
 P.O. Box 599
 Cincinnati, OH
45201
	  	

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	12.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

	13.	Governing Law. 

 The validity,
interpretation, performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law
principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 

  

	14.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

 12-31-08 

 Form RTN 
  

	15.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form KM 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR KEY MANAGER RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Data” has the
meaning described in Section 9; 
 (b) “Forfeiture Date” is the date identified as such in your Award Letter;

 (c) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (d) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (e) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (f) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (g) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the Original Settlement Date; 
 (h) “Separation from
Service” shall have the meaning provided under Section 409A of the code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit. 
 (b) During the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled if you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability;
(ii) death; (iii) Retirement in accordance with the provisions of any appropriate Retirement plan of Procter & Gamble that occurs more than six months from the Grant Date; or (iv) Special Separation that occurs more than six
months from 

  

 12-31-08 

 Form KM 
  

 
the Grant Date. In the event of your death or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become,
without any further action by you or the Company, the date of your death or Disability. In the event of your Retirement or Special Separation that occurs more than six months from the Grant Date, your Forfeiture Date will automatically and
immediately become, without any further action by you or the Company, the date of your Retirement or Special Separation. 
 (c) Upon your
death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units, your Original Settlement Date will
automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (d) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined
under Section 409A, your Original Settlement Date will become the date the Change in Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A
requirements, your Original Settlement Date will not be changed. 
 (e) From time to time, the Company and/or the Committee may establish
procedures with which you must comply in order to accept an award of Restricted Stock Units, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing
so. 
 (f) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the
Restricted Stock Units will have no further value, force or effect. 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
  

 12-31-08 

 Form KM 
  

 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing
obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential
information becomes generally known (through no fault of yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely
outside of the United States, the appropriate domestic United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete
geographic region, which information Procter & Gamble is considering for broader use, will not be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade
secrets or other confidential information” also includes personnel knowledge about a manager, or managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its
subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties
developed as a result of such assignments) which directly or indirectly affords you a confidential basis to solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or
her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if
you were, without authority, to use or disclose Procter & Gamble’s trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you
from doing so. You further agree that the harm caused to Procter & Gamble by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to
the monetary harm that would ensue. You agree that any interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having
jurisdiction over you, without prejudice to any rights you or Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units,
determined by a court of competent jurisdiction to be overly broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe
such provision by limiting or reducing it so as to be enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent
jurisdiction to be invalid, void or unenforceable, then the remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

	4.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

 12-31-08 

 Form KM 
  

	5.	Adjustments in Case of Stock Splits, Etc. 

 In the
event of a future reorganization, recapitalization, stock split, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure,
capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	6.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate for the payment of such
taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with respect to any income
tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no
representations about the tax treatment of your Restricted Stock Units, and does not commit to structure any aspect of the Restricted Stock Units to reduce or eliminate your tax liability. 
  

	7.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	8.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the 

  

 12-31-08 

 Form KM 
  

 
sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and not part
of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted Stock Units
will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation
or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any such claim
that may arise. 
  

	9.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	10.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		  	 The Procter & Gamble Company
 ATTN: Corporate
Secretary’s Office
 P.O. Box 599
 Cincinnati, OH
45201
	  	

  

 12-31-08 

 Form KM 
  

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	11.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

	12.	Governing Law. 

 The validity, interpretation,
performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law principles. With
respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 
  

	13.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	14.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form KMG 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR KEY MANAGER RESTRICTED STOCK UNITS 
 THE
GILLETTE COMPANY 2004 LONG-TERM INCENTIVE PLAN 
 The Restricted Stock Units awarded to you as set forth in the letter you received from
the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Gillette Company 2004 Long-Term Incentive Plan (the
“Plan”), and the following terms will have the following meanings. 
 (a) “Data” has the meaning described in
Section 9; 
 (b) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (c) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (d) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (e) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (f) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (g) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the Original Settlement Date; 
 (h) “Separation from
Service” shall have the meaning provided under Section 409A of the code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit. 
 (b) During the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled if you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability;
(ii) death; (iii) Retirement in accordance with the provisions of any appropriate Retirement plan of Procter & Gamble that occurs more than six months from the Grant Date; or (iv) Special Separation that occurs more than six
months from 

  

 12-31-08 

 Form KMG 
  

 
the Grant Date. In the event of your death or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become,
without any further action by you or the Company, the date of your death or Disability. In the event of your Retirement or Special Separation that occurs more than six months from the Grant Date, your Forfeiture Date will automatically and
immediately become, without any further action by you or the Company, the date of your Retirement or Special Separation. 
 (c) Upon your
death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units, your Original Settlement Date will
automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (d) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined
under Section 409A, your Original Settlement Date will become the date the Change in Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A
requirements, your Original Settlement Date will not be changed. 
 (e) From time to time, the Company and/or the Committee may establish
procedures with which you must comply in order to accept an award of Restricted Stock Units, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing
so. 
 (f) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the
Restricted Stock Units will have no further value, force or effect. 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
  

 12-31-08 

 Form KMG 
  

 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing
obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential
information becomes generally known (through no fault of yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely
outside of the United States, the appropriate domestic United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete
geographic region, which information Procter & Gamble is considering for broader use, will not be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade
secrets or other confidential information” also includes personnel knowledge about a manager, or managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its
subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties
developed as a result of such assignments) which directly or indirectly affords you a confidential basis to solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or
her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if
you were, without authority, to use or disclose Procter & Gamble’s trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you
from doing so. You further agree that the harm caused to Procter & Gamble by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to
the monetary harm that would ensue. You agree that any interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having
jurisdiction over you, without prejudice to any rights you or Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units,
determined by a court of competent jurisdiction to be overly broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe
such provision by limiting or reducing it so as to be enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent
jurisdiction to be invalid, void or unenforceable, then the remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

	4.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

 12-31-08 

 Form KMG 
  

	5.	Adjustments in Case of Stock Splits, Etc. 

 In the
event of a future reorganization, recapitalization, stock split, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure,
capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	6.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate for the payment of such
taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with respect to any income
tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no
representations about the tax treatment of your Restricted Stock Units, and does not commit to structure any aspect of the Restricted Stock Units to reduce or eliminate your tax liability. 
  

	7.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	8.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the 

  

 12-31-08 

 Form KMG 
  

 
sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and not part
of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted Stock Units
will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation
or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any such claim
that may arise. 
  

	9.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	10.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		  	 The Procter & Gamble Company
 ATTN: Corporate
Secretary’s Office
 P.O. Box 599
 Cincinnati, OH
45201
	  	

  

 12-31-08 

 Form KMG 
  

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	11.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

 12-31-08 

 Form KMG 
  

	12.	Governing Law. 

 The validity, interpretation,
performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law principles. With
respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 
  

	13.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	14.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form KMW 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR KEY MANAGER RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Data” has the
meaning described in Section 9; 
 (b) “Forfeiture Date” is the date identified as such in your Award Letter;

 (c) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (d) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (e) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (f) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (g) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the Original Settlement Date; 
 (h) “Separation from
Service” shall have the meaning provided under Section 409A of the code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit. 
 (b) During the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled if you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability;
(ii) death; (iii) Retirement in accordance with the provisions of any appropriate Retirement plan of Procter & Gamble; or (iv) Special Separation. In the event of your death or Disability during the Forfeiture Period, your
Forfeiture Date will 

  

 12-31-08 

 Form KMW 
  

 
automatically and immediately become, without any further action by you or the Company, the date of your death or Disability. In the event of your Retirement
or Special Separation, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company the date of your Retirement or Special Separation. 
 (c) Upon your death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A
(“Section 409A”) at any time while you hold Restricted Stock Units, your Original Settlement Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as
applicable. 
 (d) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the change in Control
occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined under Section 409A, your Original Settlement Date will become the date the Change in Control occurred, and the award will be
settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your Original Settlement Date will not be changed. 
 (e) From time to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an award of Restricted
Stock Units, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (f) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units
will have no further value, force or effect. 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
  

 12-31-08 

 Form KMW 
  

 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing
obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential
information becomes generally known (through no fault of yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely
outside of the United States, the appropriate domestic United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete
geographic region, which information Procter & Gamble is considering for broader use, will not be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade
secrets or other confidential information” also includes personnel knowledge about a manager, or managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its
subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties
developed as a result of such assignments) which directly or indirectly affords you a confidential basis to solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or
her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if
you were, without authority, to use or disclose Procter & Gamble’s trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you
from doing so. You further agree that the harm caused to Procter & Gamble by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to
the monetary harm that would ensue. You agree that any interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having
jurisdiction over you, without prejudice to any rights you or Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units,
determined by a court of competent jurisdiction to be overly broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe
such provision by limiting or reducing it so as to be enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent
jurisdiction to be invalid, void or unenforceable, then the remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

	4.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

 12-31-08 

 Form KMW 
  

	5.	Adjustments in Case of Stock Splits, Etc. 

 In the
event of a future reorganization, recapitalization, stock split, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure,
capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	6.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate for the payment of such
taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with respect to any income
tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no
representations about the tax treatment of your Restricted Stock Units, and does not commit to structure any aspect of the Restricted Stock Units to reduce or eliminate your tax liability. 
  

	7.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	8.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the 

  

 12-31-08 

 Form KMW 
  

 
sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and not part
of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted Stock Units
will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation
or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any such claim
that may arise. 
  

	9.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	10.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
 The Procter & Gamble Company 
 ATTN: Corporate Secretary’s Office 
 P.O. Box 599 
 Cincinnati, OH 45201 
  

 12-31-08 

 Form KMW 
  

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	11.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

	12.	Governing Law. 

 The validity, interpretation,
performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law principles. With
respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 
  

	13.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	14.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form OPN 
 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK
UNITS 
 THE PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the letter you received from the Company (your “Award Letter”), and your ownership
thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Agreed Settlement
Date” has the meaning described in Section 2(b); 
 (b) “Data” has the meaning described in Section 10;

 (c) “Disability” means termination of employment under the permanent disability provision of any retirement plan of
Procter & Gamble; 
 (d) “Dividend Equivalents” has the meaning described in Section 4; 
 (e) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (f) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (g) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (h) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the later of the Original Settlement Date or the Agreed Settlement Date. 
 (i) “Settlement Period” means the period from the Grant Date until the later of the Original Settlement Date or the Agreed Settlement Date; 
 (k) “Separation from Service” shall have the meaning provided under Section 409A of the code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit (including all rights to Dividend Equivalents). 
  

 12-31-08 

 Form OPN 
  

 (b) At any time at least one calendar year prior to the Original Settlement Date, you and the Company
may agree to postpone the date on which you are entitled to receive one share of Common Stock for each Restricted Stock Unit you hold, according to the deferral terms in place at the time, and provided the new date (the “Agreed Settlement
Date”) is at least five years from the Original Settlement Date. 
 (c) Upon your death or upon your Disability that satisfies the
definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units and/or Dividend Equivalents, your Original Settlement Date (or Agreed Settlement Date, if
applicable) will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (d) Upon the occurrence of a Change in Control, if the Change in Control occurrence meets the definitional requirements of a change in control as defined under Section 409A, your Original Settlement Date (or
Agreed Settlement Date, if applicable) will become the date the Change in Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your
Original Settlement Date (or Agreed Settlement Date, if applicable) will not be changed. 
 (e) From time to time, the Company and/or the
Committee may establish procedures with which you must comply in order to accept an award of Restricted Stock Units, to agree to an Agreed Settlement Date, or to settle your Restricted Stock Units, including requiring you to do so by means of
electronic signature, or charging you an administrative fee for doing so. 
 (f) Once your Restricted Stock Units have been settled by
delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with the Restricted Stock Units. 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
  

 12-31-08 

 Form OPN 
  

 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of
information you were directly exposed to through actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing obligation (which you acknowledge by accepting an award
of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of
yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely outside of the United States, the appropriate domestic
United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete geographic region, which information Procter &
Gamble is considering for broader use, will not be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also
includes personnel knowledge about a manager, or managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager
or peer evaluations, performance records, special skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or
indirectly affords you a confidential basis to solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that
subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose
Procter & Gamble’s trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm
caused to Procter & Gamble by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree
that any interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights
you or Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the
provisions contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction
to be overly broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as
to be enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then
the remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

 12-31-08 

 Form OPN 
  

	4.	Dividend Equivalents. 

 As a holder of Restricted
Stock Units, during the Settlement period, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional Restricted Stock Units (“Dividend Equivalents”). The number of such
additional Restricted Stock Units will be determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the cash dividend or other cash distribution on the Common Stock, and then divide the result by
the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms and conditions as the original Restricted Stock Units that gave rise to them, including
forfeiture and settlement terms, except that if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled, you will receive one share of Common Stock for the fractional Dividend Equivalent
Restricted Stock Units. 
  

	5.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	6.	Adjustments in Case of Stock Dividends, Stock Splits, Etc. 

 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the
corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	7.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate
for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with
respect to any income tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and
that Procter & Gamble makes no representations about the tax treatment of your Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the Restricted Stock Units or Dividend Equivalents to reduce or
eliminate your tax liability. 
  

	8.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	9.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to 

  

 12-31-08 

 Form OPN 
  

 
it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may, for example, suspend or terminate any
outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For purposes of this paragraph, an action
taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines has, or is reasonably likely to have, a
significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to any remedy Procter & Gamble or a
subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a
Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by the Company, is discretionary in nature, and may be amended, suspended or terminated at any time; (ii) the award of Restricted Stock Units is voluntary
and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been awarded repeatedly in the past;
(iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and
not part of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement
benefits or similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted
Stock Units will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to
compensation or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any
such claim that may arise. 
  

	10.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering 

  

 12-31-08 

 Form OPN 
  

 
and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom you may elect to
deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the plan. You
understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case without
cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal
to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	11.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		 	The Procter & Gamble Company	 	
		 	ATTN: Corporate Secretary’s Office	 	
		 	P.O. Box 599	 	
		 	Cincinnati, OH 45201	 	

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	12.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

	13.	Governing Law. 

 The validity,
interpretation, performance and enforcements of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law
principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 

  

	14.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

 12-31-08 

 Form OPN 
  

	15.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form RTD 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Agreed Settlement
Date” has the meaning described in Section 2(c); 
 (b) “Data” has the meaning described in Section 10;

 (c) “Disability” means termination of employment under the permanent disability provision of any retirement plan of
Procter & Gamble; 
 (d) “Dividend Equivalents” has the meaning described in Section 4; 
 (e) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (f) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (g) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (h) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (i) “Post-Forfeiture Period” means the period from the Forfeiture Date until the later of the Original Settlement Date or
the Agreed Settlement Date; 
 (j) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (k) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the later of the Original Settlement Date or the Agreed Settlement Date; 
 (l) “Separation from Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 
  

 12-31-08 

 Form RTD 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit (including all rights to Dividend Equivalents). 
 (b) During the Forfeiture Period, your Restricted Stock Units (including all rights to receive Dividend Equivalents) will be forfeited and cancelled if
you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability; (ii) your retirement in accordance with the provisions of any appropriate retirement plan of Procter & Gamble;
(iii) death; or (iv) in certain circumstances, your Special Separation. In the event of your death or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by
you or the Company, the date of your death or Disability. In the event of your retirement in accordance with the provisions of any appropriate retirement plan of Procter & Gamble during the Forfeiture Period, you will retain your Restricted
Stock Units subject to the Plan and these Terms and Conditions. In the event of your Special Separation during the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company.

 (c) At any time at least one calendar year prior to the Original Settlement Date, you and the Company may agree to postpone the date on
which you are entitled to receive one share of Common Stock for each Restricted Stock Unit you hold, according to the deferral terms in place at the time, and provided the new date (the “Agreed Settlement Date”) is at least five years from
the Original Settlement Date. 
 (d) Upon your death or upon your Disability that satisfies the definition of “disability” under
Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units and/or Dividend Equivalents, your Original Settlement Date or Agreed Settlement Date, (if applicable) will automatically and
immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (e) Upon the
occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined under Section 409A,
your Original Settlement Date (or Agreed Settlement Date, if applicable) will become the date the change in Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the
Section 409A requirements, your Original Settlement Date (or Agreed Settlement Date, if applicable) will not be changed. 
 (f) From time
to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an award of Restricted Stock Units, to agree to an Agreed Settlement Date, or to settle your Restricted Stock Units, including requiring
you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (g) Once your Restricted Stock Units
have been settled by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with the Restricted Stock
Units. 
  

 12-31-08 

 Form RTD 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose
Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of yours). As used in this Section 3(b),
“generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely outside of the United States, the appropriate domestic United States and/or appropriate foreign country
or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete geographic region, which information Procter & Gamble is considering for broader use, will not
be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also includes personnel knowledge about a manager, or
managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special
skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or indirectly affords you a confidential basis to
solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose Procter & Gamble’s
trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm caused to Procter & Gamble
by the breach or anticipated breach of this Section 3(c) is, 

  

 12-31-08 

 Form RTD 
  

 
by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree that any
interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights you or
Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions
contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction to be overly
broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as to be
enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the
remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

	4.	Dividend Equivalents. 

 As a holder of Restricted
Stock Units, during the period from the Grant Date until the Original Settlement Date or the Agreed Settlement Date, whichever is later, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive
additional Restricted Stock Units (“Dividend Equivalents”). The number of such additional Restricted Stock Units will be determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the
cash dividend or other cash distribution on the Common Stock, and then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms
and conditions as the original Restricted Stock Units that gave rise to them, including forfeiture and settlement terms, except that if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled,
you will receive one share of Common Stock for the fractional Dividend Equivalent Restricted Stock Units. 
  

	5.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	6.	Adjustments in Case of Stock Dividends, Stock Splits, Etc. 

 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the
corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	7.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate
for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, 

  

 12-31-08 

 Form RTD 
  

 
regardless of any action taken by Procter & Gamble with respect to any income tax, social insurance, payroll tax, or other tax, by accepting a
Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no representations about the tax treatment of your
Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the Restricted Stock Units or Dividend Equivalents to reduce or eliminate your tax liability. 
  

	8.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	9.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is
voluntary; (v) Restricted Stock Units are an extraordinary item and not part of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or
end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an
employment relationship with the Company; and, furthermore, the award of Restricted Stock Units will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown
and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in
settlement thereof, and you irrevocably release Procter & Gamble from any such claim that may arise. 
  

 12-31-08 

 Form RTD 
  

	10.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	11.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		 	The Procter & Gamble Company	 	
		 	ATTN: Corporate Secretary’s Office	 	
		 	P.O. Box 599	 	
		 	Cincinnati, OH 45201	 	

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	12.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) The Procter & Gamble Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

 12-31-08 

 Form RTD 
  

	13.	Governing Law. 

 The validity,
interpretation, performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law
principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 

  

	14.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	15.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form RTD-A 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Agreed Settlement
Date” has the meaning described in Section 2(c); 
 (b) “Data” has the meaning described in Section 10;

 (c) “Disability” means termination of employment under the permanent disability provision of any retirement plan of
Procter & Gamble; 
 (d) “Dividend Equivalents” has the meaning described in Section 4; 
 (e) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (f) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (g) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (h) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (i) “Post-Forfeiture Period” means the period from the Forfeiture Date until the later of the Original Settlement Date or
the Agreed Settlement Date; 
 (j) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (k) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the later of the Original Settlement Date or the Agreed Settlement Date; 
 (l) “Separation from Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 
  

 12-31-08 

 Form RTD-A 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit (including all rights to Dividend Equivalents). 
 (b) During the Forfeiture Period, your Restricted Stock Units (including all rights to receive Dividend Equivalents) will be forfeited and cancelled if
you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability; (ii) death; or (iii) in certain circumstances, your Special Separation. In the event of your death or Disability during the
Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability. In the event of your Special Separation during the Forfeiture Period, your
Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company. 
 (c) At any time at least one
calendar year prior to the Original Settlement Date, you and the Company may agree to postpone the date on which you are entitled to receive one share of Common Stock for each Restricted Stock Unit you hold, according to the deferral terms in place
at the time, and provided the new date (the “Agreed Settlement Date”) is at least five years from the Original Settlement Date. 
 (d) Upon your death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units and/or Dividend
Equivalents, your Original Settlement Date (or Agreed Settlement Date, if applicable) will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (e) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in
Control occurrence meets the definitional requirements of a change in control as defined under Section 409A, your Original Settlement date (or Agreed Settlement Date, if applicable) will become the date the Change in Control occurred, and the
award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your Original Settlement Date (or Agreed Settlement Date, if applicable) will not be changed. 
 (f) From time to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an award of Restricted
Stock Units, to agree to an Agreed Settlement Date, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (g) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units
will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with the Restricted Stock Units. 
  

 12-31-08 

 Form RTD-A 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through
actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose
Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of yours). As used in this Section 3(b),
“generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely outside of the United States, the appropriate domestic United States and/or appropriate foreign country
or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete geographic region, which information Procter & Gamble is considering for broader use, will not
be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also includes personnel knowledge about a manager, or
managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special
skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or indirectly affords you a confidential basis to
solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose Procter & Gamble’s
trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm caused to Procter & Gamble
by the breach or anticipated breach of this Section 3(c) is, 

  

 12-31-08 

 Form RTD-A 
  

 
by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree that any
interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights you or
Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions
contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction to be overly
broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as to be
enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the
remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

	4.	Dividend Equivalents. 

 As a holder of Restricted
Stock Units, during the period from the Grant Date until the Original Settlement Date or the Agreed Settlement Date, whichever is later, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive
additional Restricted Stock Units (“Dividend Equivalents”). The number of such additional Restricted Stock Units will be determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the
cash dividend or other cash distribution on the Common Stock, and then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms
and conditions as the original Restricted Stock Units that gave rise to them, including forfeiture and settlement terms, except that if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled,
you will receive one share of Common Stock for the fractional Dividend Equivalent Restricted Stock Units. 
  

	5.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	6.	Adjustments in Case of Stock Dividends, Stock Splits, Etc. 

 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the
corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	7.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate
for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, 

  

 12-31-08 

 Form RTD-A 
  

 
regardless of any action taken by Procter & Gamble with respect to any income tax, social insurance, payroll tax, or other tax, by accepting a
Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no representations about the tax treatment of your
Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the Restricted Stock Units or Dividend Equivalents to reduce or eliminate your tax liability. 
  

	8.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	9.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or
terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units,
even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is
voluntary; (v) Restricted Stock Units are an extraordinary item and not part of normal or expected compensation or salary for any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or
end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (vi) in the event that your employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an
employment relationship with the Company; and, furthermore, the award of Restricted Stock Units will not be interpreted to form an employment contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown
and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation or damages arises from termination or forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in
settlement thereof, and you irrevocably release Procter & Gamble from any such claim that may arise. 
  

 12-31-08 

 Form RTD-A 
  

	10.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

	11.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		 	The Procter & Gamble Company	 	
		 	ATTN: Corporate Secretary’s Office	 	
		 	P.O. Box 599	 	
		 	Cincinnati, OH 45201	 	

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	12.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) The Procter & Gamble Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

 12-31-08 

 Form RTD-A 
  

	13.	Governing Law. 

 The validity,
interpretation, performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law
principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 

  

	14.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	15.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form RTN2 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive
Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Data” has the
meaning described in Section 9; 
 (b) “Disability” means termination of employment under the permanent disability
provision of any retirement plan of Procter & Gamble; 
 (c) “Forfeiture Date” is the date identified as such in
your Award Letter; 
 (d) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (e) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (f) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (g) “Post-Forfeiture Period” means the period from the Forfeiture Date until the Original Settlement Date; 
 (h) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (i) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the Original Settlement Date; 
 (k) “Separation from
Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a Restricted
Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit. 
  

 12-31-08 

 Form RTN2 
  

 (b) During the Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled if you
leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability; (ii) death; or (iii) in certain circumstances, your Special Separation. In the event of your death or Disability during the
Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability. In the event of your Special Separation during the Forfeiture Period, your
Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company. 
 (c) Upon your death or upon
your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock Units, your Original Settlement Date will automatically and
immediately become, without any further action by you or the Company, the date of your death or Disability, as applicable. 
 (d) Upon the
occurrence of a Change in control, the Forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined under Section 409A,
your Original Settlement Date will become the date the Change in Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your Original
Settlement Date will not be changed. 
 (e) From time to time, the Company and/or the Committee may establish procedures with which you must
comply in order to accept an award of Restricted Stock Units, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (f) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units
will have no further value, force or effect. 
  

	3.	Confidentiality and Non-Competition 

 (a) In order
to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets and confidential information, and thereby help ensure the long-term success of Procter &
Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter & Gamble), will not engage in any activity or provide any services, whether as a director, manager,
supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter & Gamble is terminated in connection with the manufacture, development, advertising, promotion, or
sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products as well as products known to you, as a consequence of your employment with Procter &
Gamble, to be in development): 
 (i) with respect to which your work has been directly concerned at any time during the two (2) years
preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years
preceding the termination of your employment with Procter & Gamble, you, as a consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
  

 12-31-08 

 Form RTN2 
  

 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of
information you were directly exposed to through actual receipt or review of memoranda or documents containing such information, or through attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of, but are in addition to your continuing obligation (which you acknowledge by accepting an award
of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any particular trade secret or confidential information becomes generally known (through no fault of
yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job responsibilities partially or entirely outside of the United States, the appropriate domestic
United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or being marketed or promoted in a discrete geographic region, which information Procter &
Gamble is considering for broader use, will not be deemed to be “generally known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also
includes personnel knowledge about a manager, or managers, of Procter & Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager
or peer evaluations, performance records, special skills or abilities, compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or
indirectly affords you a confidential basis to solicit, encourage, or participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that
subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose
Procter & Gamble’s trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm
caused to Procter & Gamble by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree
that any interim or final equitable relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights
you or Procter & Gamble may have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the
provisions contained in Sections 3(a) through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction
to be overly broad as to scope of activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as
to be enforceable to the extent compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then
the remainder of the provisions will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
  

 12-31-08 

 Form RTN2 
  

	4.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	5.	Adjustments in Case of Stock Splits, Etc. 

 In the
event of a future reorganization, recapitalization, stock split, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure,
capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	6.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate for the payment of such
taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with respect to any income
tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no
representations about the tax treatment of your Restricted Stock Units, and does not commit to structure any aspect of the Restricted Stock Units to reduce or eliminate your tax liability. 
  

	7.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	8.	Procter & Gamble Right to Terminate Employment and Other Remedies. 

 (a) Nothing in these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for
any reason, with or without cause, or precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may,
for example, suspend or terminate any outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For
purposes of this paragraph, an action taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines
has, or is reasonably likely to have, a significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to
any remedy Procter & Gamble or a subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
  

 12-31-08 

 Form RTN2 
  

 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established
voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual
or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted
Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and not part of normal or expected compensation or salary for
any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (vi) in the event that your
employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted Stock Units will not be interpreted to form an employment
contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation or damages arises from termination or
forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any such claim that may arise. 
  

	9.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

 12-31-08 

 Form RTN2 
  

	10.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		 	The Procter & Gamble Company	 	
		 	ATTN: Corporate Secretary’s Office	 	
		 	P.O. Box 599	 	
		 	Cincinnati, OH 45201	 	

 or such other address as Procter & Gamble may from time to time provide to you in
writing. 
 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be
provided to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	11.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) the Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
  

	12.	Governing Law. 

 The validity,
interpretation, performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law
principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 

  

	13.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	14.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08 

 Form BOD 
  

 [INSERT DATE] 
 [INSERT NAME] 
 Subject: Award of Restricted Stock Units 
 This is to advise you that The Procter & Gamble Company, an Ohio corporation, is awarding you with Restricted Stock Units, on the dates and in the amounts listed
below, pursuant to The Procter & Gamble 2003 Non-Employee Directors’ Stock Plan, and subject to the attached Statement of Terms and Conditions Form BOD. 
  

			
	Grant Date:	  	[INSERT DATE OF GRANT]
	Forfeiture Date:	  	[One year following grant]
	Original Settlement Date:	  	[One year after Separation from Service]
	Number of Restricted Stock Units:	  	[INSERT NUMBER GRANTED]

 As you will see from the Statement of Terms and Conditions Form BOD, under certain circumstances you may agree
with The Procter & Gamble Company to delay the settlement of your Restricted Stock Units beyond the Original Settlement Date. You may want to consult your personal tax advisor before making a decision about this matter. 
  

	
	THE PROCTER & GAMBLE COMPANY
	
	Steven W. Jemison, Secretary
	For the Compensation Committee
	

  

 11-20-08 

 Form BOD 
  

 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK UNITS 
 THE
PROCTER & GAMBLE 2003 NON-EMPLOYEE DIRECTORS’ STOCK PLAN 
 The Restricted Stock Units awarded to you as set forth in the
letter you received from the Company (your “Award Letter”), and your ownership thereof, are subject to the following terms and conditions. 
  

	1.	Definitions. 

 For purposes of this Statement of
Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined in these Terms and Conditions will have the meanings described in The Procter & Gamble 2003 Non-Employee Directors’
Stock Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Agreed Settlement Date”
has the meaning described in Section 2(c); 
 (b) “Data” has the meaning described in Section 8; 
 (c) “Dividend Equivalents” has the meaning described in Section 3; 
 (d) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (e) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (f) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (g) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (h) “Post-Forfeiture Period” means the period from the Forfeiture Date until the later of the Original Settlement Date or
the Agreed Settlement Date; 
 (i) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (j) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the later of the Original Settlement Date or the Agreed Settlement Date 
 (k) “Separation from Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 
  

	2.	Transfer and Restrictions. 

 (a) Neither Restricted
Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and distribution. Any attempted transfer of a 

 Form BOD 
  

 
Restricted Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the
Restricted Stock Unit (including all rights to receive Dividend Equivalents). 
 (b) During the Forfeiture Period, your Restricted Stock Units
(including all rights to receive Dividend Equivalents) will be forfeited and cancelled if you leave your position as a Director of the Company for any reason, except due to your: (i) disability; (ii) retirement after attaining the age of
sixty-nine (69); (iii) resignation following retirement from your principal employer in good standing under the terms or your principal employer’s retirement plan; or (iv) resignation for reasons of antitrust laws or the
Company’s conflict of interest, corporate governance or continued service policies. In the event of your disability during the Forfeiture Period, unless otherwise agreed to in writing by the Company, your Original Settlement Date shall
automatically and immediately become, without any further action by you or the Company, the date of your disability. In the event of any of the other above exceptions occurring, you will retain your Restricted Stock Units subject to the Plan and
these Terms and Conditions. 
 (c) At any time at least one calendar year prior to the Original Settlement Date, you and the Company may agree
to postpone the date on which you are entitled to receive one share of Common Stock for each Restricted Stock Unit you hold according to the deferral terms in place at the time, and provided the new date (the “Agreed Settlement Date”) is
at least five years from the Original Settlement Date. 
 (d) Upon your death or upon your disability that satisfies the definition of
“disability” under Internal Revenue Code Section 409A (“Section 409A”), at any time while you hold Restricted Stock Units and/or Dividend Equivalents, your Original Settlement Date (or Agreed Settlement Date, if applicable)
will automatically and immediately become, without any further action by you or the Company, the date of your death or disability, as applicable. 
 (e) Upon the occurrence of a Change in Control, the forfeiture Date (if any) shall become the date the Change in Control occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined
under Section 409A, your Original Settlement Date (or Agreed Settlement Date, if applicable) will become the date the change in control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control
does not meet the Section 409A requirements, your Original Settlement Date (or Agreed Settlement Date, if applicable) will not be changed. 
 (f) From time to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an award of Restricted Stock Units, to agree to an Agreed Settlement Date, or to settle your Restricted Stock
Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (g) Once your
Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, the Restricted Stock Units will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with
the Restricted Stock Units. 

 Form BOD 
  

	3.	Dividend Equivalents. 

 As a holder of Restricted
Stock Units, during the period from the Grant Date until the Original Settlement Date or the Agreed Settlement Date, whichever is later, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive
additional Restricted Stock Units (“Dividend Equivalents”). The number of such additional Restricted Stock Units will be determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the
cash dividend or other cash distribution on the Common Stock, and then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms
and conditions as the original Restricted Stock Units that gave rise to them, including forfeiture and settlement terms, except that if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled,
you will receive one share of Common Stock for the fractional Dividend Equivalent Restricted Stock Units. 
  

	4.	Voting and Other Shareholder Rights. 

 A Restricted
Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the Company with respect to the Restricted Stock Units you hold. 
  

	5.	Adjustments in Case of Stock Dividends, Stock Splits, Etc. 

 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering, share exchange, reclassification, distribution, spin-off, or other change affecting the
corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent dilution or enlargement of your rights. 
  

	6.	Tax Withholding. 

 To the extent Procter &
Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such arrangements as Procter & Gamble may deem appropriate
for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However, regardless of any action taken by Procter & Gamble with
respect to any income tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any such tax owed by you is and remains your responsibility, and
that Procter & Gamble makes no representations about the tax treatment of your Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the Restricted Stock Units or Dividend Equivalents to reduce or
eliminate your tax liability. 
  

	7.	Suspension Periods and Termination. 

 The Company
reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not
result in immediate taxation and penalties under Section 409A. 
  

	8.	Data Privacy. 

 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in 

 Form BOD 
  

 
this document by and among, as applicable, any Procter & Gamble entity or third party for the purpose of implementing, administering and managing
your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any other entitlement to shares of stock awarded, canceled,
exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country. You understand that you may
request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom you may elect to deposit any shares of Common Stock in
connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the plan. You understand that you may, at any time, view
Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case without cost, by contacting in writing your local
human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you
understand that you may contact your local human resources representative. 
  

	9.	Notices. 

 (a) Any notice to Procter &
Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

					
		 	The Procter & Gamble Company	 	
		 	ATTN: Corporate Secretary’s Office	 	
		 	P.O. Box 599	 	
		 	Cincinnati, OH 45201	 	

 or such other address as Procter & Gamble may from time to time provide to you in writing.

 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be provided
to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
  

	10.	Successors and Assigns. 

 These Terms and Conditions
are binding on, and inure to the benefit of, (a) The Procter & Gamble Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 

 Form BOD 
  

	11.	Governing Law. 

 The validity, interpretation,
performance and enforcements of these Terms and Conditions, the Plan and your Restricted Stock Units will be governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law principles. With
respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 
  

	12.	The Plan. 

 All Restricted Stock Units awarded to
you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called
out in these Terms and Conditions. 
  

	13.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 

			
	Appendix 12	  	FORM RRS
		  	9/11/01        

  

 PROCTER & GAMBLE 
 STATEMENT OF CONDITIONS AND RESTRICTIONS 
 THE PROCTER & GAMBLE 2001
STOCK AND INCENTIVE COMPENSATION PLAN 
 The shares of Common Stock of The Procter & Gamble Company (the “Restricted
Shares”) awarded to you as stated in the accompanying letter have been transferred to you on the express condition that these Restricted Shares, and your ownership thereof, are subject to the following conditions and restrictions: 

 

	1.	Restrictions and Conditions on Shares — 

 (a)
Neither these Restricted Shares nor any of your interest therein may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time except as specifically permitted or otherwise required by the terms of
this Statement. 
 (b) In the event that your employment with Procter & Gamble terminates, except as the result of your death or
disability or your retirement under circumstances permitted by the terms of a Procter & Gamble retirement plan in which you are then a participant, you will be deemed to have received on the date of the termination of your employment a
written demand by the Company to sell to the Company within ten (10) days these Restricted Shares at a price of ten cents ($.10) per share, which price is subject to adjustment as hereinafter provided. For the purpose of this subparagraph, your
employment with Procter & Gamble shall not be deemed to terminate by reason of your being on leave of absence for any purpose approved in writing by the Company. 
 (c) In the event that you shall at any time attempt to sell, exchange, transfer, pledge, hypothecate, give or otherwise dispose of any of the Restricted Shares, or any interest therein, in violation of the terms and
conditions of this Statement, you will be required, within ten (10) days after delivery to you of a written demand by the Company made within ninety (90) days after the occurrence of such event, to sell to the Company all Restricted Shares
then registered in your name with respect to which the conditions and restrictions set forth in this Statement are still in effect at a price of ten cents ($.10) per share, which price is subject to adjustment as hereinafter provided. 
 (d)(i) The determination as to whether an event has occurred requiring a sale of Restricted Shares to the Company in accordance with any provision of
this paragraph 1, paragraph 7 following or any other provision of this Statement shall be made by the Compensation Committee (the “Committee”) in its sole discretion, and all determinations of the Committee with respect thereto shall in
all respects be conclusive upon you and any persons claiming under or through you. 
 (ii) If you shall at any time be required to sell any
or all of these Restricted Shares to the Company pursuant to any provisions of this paragraph 1, paragraph 7 following or any other provision in this Statement, you shall, effective on the date of the delivery of the Company’s demand to you,
cease to have any rights as a shareholder with respect to the Restricted Shares so required to be sold, or any interest therein; and, without limitation, you shall cease to be entitled to receive any future dividends upon such Restricted Shares with
record dates occurring after the date of delivery of such demand; and in the event that for any reason you shall receive any such dividends upon such Restricted Shares you will be required to repay the Company an amount equal to such dividends.

 This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. 

 (iii) If you shall at any time be required to sell any or all of these Restricted Shares to the Company
pursuant to the provisions of this paragraph 1, paragraph 7 following or any other provision in this Statement, and if within thirty (30) days after delivery to you of the Company’s demand you have not delivered a stock power or other
instrument of transfer appropriately executed in blank, together with any certificates which you may hold representing such Restricted Shares to the Secretary of the Company at the Executive Offices of The Procter & Gamble Company, P. O.
Box 599, Cincinnati, Ohio 45201, the Company may thereupon cause to be mailed to you, in the manner and at the address specified in paragraph 8(b) following, its check payable to your order in the amount of the purchase price for such shares
provided for in this Statement and direct the Transfer Agent and Registrar of the Company’s Common Stock to make appropriate entries upon their records showing the cancellation of such certificates and return the shares represented thereby to
the Company. 
  

	2.	Shareholder Rights — 

 Effective upon the date
of award of these Restricted Shares you shall for all purposes be a holder of record of these Restricted Shares and shall thereafter have all rights of a common shareholder with respect to such shares (including the right to vote such shares at any
meeting of common shareholders of The Procter & Gamble Company and the right to receive all dividends paid with respect to such shares), subject only to the conditions and restrictions imposed by this Statement. Until such conditions and
restrictions have lapsed with respect to any restricted Shares, any certificate for such shares will bear a legend to the effect that they were issued or transferred subject to, and may be sold or otherwise disposed of only in accordance with, the
terms of this Statement. 
  

	3.	Adjustments in Case of Stock Dividends, Stock Splits, etc. — 

 In the event that, as the result of a stock dividend, stock split, recapitalization, merger, consolidation, reorganization, or other event, you shall, as the owner of Restricted Shares, be entitled to new, additional
or different shares or securities: (a) such new, additional or different shares or securities shall for all purposes be deemed “Restricted Shares,” (b) all of the terms of this Statement shall be applicable thereto as modified by
this paragraph 3, (c) the purchase price of ten cents ($.10) per share and all of the computations provided for in this Statement shall, if and to the extent required, be appropriately adjusted, and (d) any certificates or other
instruments evidencing such new, additional or different shares or securities shall bear the legend referred to in paragraph 2; provided, however, any fractional shares and any pre-emptive or other rights or warrants to purchase securities issued to
you as a holder of Restricted Shares in connection with a public offering will be issued to you free and clear of all conditions and restrictions imposed by this Statement. 
  

	4.	Lapse of Conditions and Restrictions — 

 (a)
The conditions and restrictions set forth in paragraph 1 above shall lapse in their entirety on the earliest of 
 (i) the date your
employment with Procter & Gamble terminates as the result of your death or disability or your retirement under circumstances permitted by the terms of a Procter & Gamble retirement plan in which you are then a participant,
provided, however, that the Treasurer of The Procter & Gamble Company may agree to extend the restrictions to a date after retirement to provide for expiration (a) on a date not later than December 15 of the year of retirement;
(b) on January 15 of the year following retirement; or (c) in five or ten annual installments beginning on January 15 of the year following retirement, with any such extension to be agreed to only upon your written request made
prior to January 1 of the year of your retirement and your agreement not to engage in competitive employment (as defined in Article F(1) of The Procter & Gamble 2001 Stock and Incentive Compensation Plan following retirement until
expiration of the restrictions without first obtaining written permission from the Company; or 
 (ii) there is a “change in
control” (as defined in the Plan) of Procter & Gamble; or 
 (iii) the date the Committee, in its sole discretion, accepts in
writing your written request to accelerate the lapse of conditions and restrictions due to Company approval in writing of your planned retirement under circumstances permitted by the terms of a Procter & Gamble retirement plan in which you
are then a participant. In no case will the Committee accept your request to accelerate the lapse of conditions and restrictions prior to October 1 of the calendar year preceding the calendar year of your approved retirement. 
 (b) The Committee may accelerate the lapse of conditions and restrictions on all or any part of the Restricted Shares in the case of hardship which in
the sole judgment of the Committee justifies such action. 

 (c) When the conditions and restrictions lapse with respect to Restricted Shares pursuant to this
paragraph 4, the Company will deliver to you, or your legal representative in case of death, promptly after surrender of any certificate(s) for such Restricted Shares to the Treasurer of The Procter & Gamble Company, Cincinnati, Ohio 45201,
one or more certificates for a like number of shares, free of any legend. 
  

	5.	Company Right to Terminate Employment and Other Remedies — 

 Nothing provided herein shall be construed to affect in any way the right or power of the Company to terminate your employment at any time for any reason with or without cause, nor to preclude the Company from taking
any action or enforcing any remedy available to it with respect to any action or conduct on your part. 
  

	6.	Definitions — 

 (a) The term
“Company” as used in this Statement shall mean the corporation which awarded the Restricted Shares to you. 
 (b) The term
“Procter & Gamble” as used in this Statement shall include The Procter & Gamble Company and all corporations, more than 50% of whose capital stock entitled to vote for the election of directors is owned or controlled,
directly or indirectly, by The Procter & Gamble Company or by any corporation so controlled by The Procter & Gamble Company, if and as long as such corporations are so controlled. 
  

	7.	Additional Documents — 

 a It is the intention
of the Company that this transaction shall meet the requirements of, and result in the application of, the rules prescribed by Section 83 of the Internal Revenue Code of 1986, as in effect at the date hereof, and applicable Regulations
thereunder. Accordingly, each and every provision shall be construed and interpreted in such manner as to conform with such intention and the Company reserves the right to execute and to require you to execute any further agreements or other
instruments which may be effective as of the date of award of these Restricted Shares, including, but without limitation, an instrument modifying or correcting any provision hereof, or of the letter advising you of the award or any action taken
hereunder or contemporaneously herewith, and to take any other action, which may be effective as of the date of award of these Restricted Shares, that, in the opinion of counsel for the Company, may be necessary or desirable to carry out such
intention. 
 (b) If you fail, refuse or neglect to execute and deliver any instrument or document or to take any action requested by the
Company or Committee to be executed or taken by you pursuant to the provisions of paragraph 7(a) above for a period of thirty (30) days after the date of such request, the Committee may require you, within ten (10) days after delivery to
you of a written demand by the Company, to sell to the Company all of the Restricted Shares then registered in your name with respect to which the conditions and restrictions set forth in this Statement are still in effect at a price of ten cents
($.10) per share, which price is subject to adjustment as herein provided. 
  

	8.	Notices — 

 (a) Any notice to the Company under
or pursuant to the conditions and restrictions of this Statement shall be deemed to have been delivered to the Company when delivered in person to the Secretary of the Company or when deposited in the mails, by certified or registered mail,
addressed to the Secretary of the Company at the Executive Offices of The Procter & Gamble Company, P.O. Box 599, Cincinnati, Ohio 45201, or such other address as the Company may from time to time designate in writing by notice to you given
pursuant to paragraph 8(b) hereof. 
 (b) Any notice or demand to you under or pursuant to any provisions of this Statement shall be deemed
to have been delivered to you when delivered to you in person or when deposited in the mails, by certified or registered mail, addressed to you at the address on record in the Shareholder Services Department or such other address as you may from
time to time designate in writing by notice to the Company given pursuant to paragraph 8(a) above. 
  

	9.	The Procter & Gamble 2001 Stock and Incentive Compensation Plan — 

 The Restricted Shares have been awarded to you pursuant to The Procter & Gamble 2001 Stock and Incentive Compensation Plan adopted and approved by the shareholders of The Procter & Gamble Company on
October 9, 2001, and such shares and your ownership thereof shall be in all respects subject to the terms of such Plan, the terms and provisions of which are incorporated herein by reference as applicable. 

	10.	Successors and Assigns — 

 The provisions of
this Statement shall be binding upon and inure to the benefit of 
 (a) the Company, its successors and assigns, and 
 (b) you and, to the extent applicable, your legal representative. 
  

	11.	Governing Law — 

 The validity, interpretation,
performance and enforcement of the conditions and restrictions contained in this Statement and your rights in, to and under the Restricted Shares shall for all purposes be governed by the laws of the State of Ohio. 
  

	12.	Additional Information Concerning Common Stock — 

 The following information which appears on certificates representing shares of the Common Stock of the Company is provided pursuant to Section 1701.24(F) of the Ohio Revised Code as pertinent to Restricted Shares awarded or held
without issuance of certificates: 
 (a) The Procter & Gamble Company is organized under the laws of the State of Ohio. 

(b) The Restricted Shares are fully paid and non-assessable shares of the Common Stock without par value of the Company. 
 (c) The name of the person to whom the shares are issued and the number of shares so issued and made subject to this Statement of Conditions and
Restrictions are set forth in the accompanying letter. 
 (d) A copy of the express terms of such shares and of all other classes and series
of shares authorized will be mailed to any shareholder without charge within five (5) days after receipt from such shareholder of a written request therefor addressed to the Secretary of The Procter & Gamble Company, P.O. Box 599,
Cincinnati, Ohio 45201. 

			
	Appendix 13	  	FORM SRS
		  	6/10/03        

  

 PROCTER & GAMBLE 
 STATEMENT OF CONDITIONS AND RESTRICTIONS 
 THE PROCTER & GAMBLE 2001
STOCK AND INCENTIVE COMPENSATION PLAN 
 The shares of Common Stock of The Procter & Gamble Company (the “Restricted
Shares”) awarded to you as stated in the accompanying letter have been transferred to you on the express condition that these Restricted Shares, and your ownership thereof, are subject to the following conditions and restrictions: 

 

	1.	Restrictions and Conditions on Shares — 

 (a)
Neither these Restricted Shares nor any of your interest therein may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time except as specifically permitted or otherwise required by the terms of
this Statement. 
 (b) In the event that your employment with Procter & Gamble terminates for any reason except as set forth in
Section 4(a)(ii) below prior to the vesting date shown in the accompanying letter, you will be deemed to have received delivery on the date of the termination of your employment a written demand by the Company to sell to the Company within ten
(10) days any of these Restricted Shares where the conditions and restrictions have not lapsed as set forth in paragraph 4 below at a price of ten cents ($.10) per share, which price is subject to adjustment as hereinafter provided. For the
purpose of this subparagraph, your employment with Procter & Gamble shall not be deemed to terminate by reason of your being on leave of absence for any purpose approved in writing by the Company. 
 (c) In the event that you shall at any time attempt to sell, exchange, transfer, pledge, hypothecate, give or otherwise dispose of any of the Restricted
Shares, or any interest therein, in violation of the terms and conditions of this Statement, you will be required, within ten (10) days after delivery to you of a written demand by the Company made within ninety (90) days after the
occurrence of such event, to sell to the Company all Restricted Shares then registered in your name with respect to which the conditions and restrictions set forth in this Statement are still in effect at a price of ten cents ($.10) per share, which
price is subject to adjustment as hereinafter provided. 
 (d)(i) The determination as to whether an event has occurred requiring a sale of
Restricted Shares to the Company in accordance with any provision of this paragraph 1, paragraph 7 following or any other provision of this Statement shall be made by the Compensation Committee (the “Committee”) in its sole discretion, and
all determinations of the Committee with respect thereto shall in all respects be conclusive upon you and any persons claiming under or through you. 
 (ii) If you shall at any time be required to sell any or all of these Restricted Shares to the Company pursuant to any provisions of this paragraph 1, paragraph 7 following or any other provision in this Statement,
you shall, effective on the date of the delivery or deemed delivery of the Company’s demand to you, cease to have any rights as a shareholder with respect to the Restricted Shares so required to be sold, or any interest therein; and, without
limitation, you shall cease to be entitled to receive any future dividends upon such Restricted Shares with record dates occurring after the date of delivery of such demand; and in the event that for any reason you shall receive any such dividends
upon such Restricted Shares you will be required to repay the Company an amount equal to such dividends. 
 This document constitutes part of a prospectus
covering securities that have been registered under the Securities Act of 1933. 

 (iii) If you shall at any time be required to sell any or all of these Restricted Shares to the Company
pursuant to the provisions of this paragraph 1, paragraph 7 following or any other provision in this Statement, and if within thirty (30) days after delivery or deemed delivery to you of the Company’s demand you have not delivered a stock
power or other instrument of transfer appropriately executed in blank, together with any certificates which you may hold representing such Restricted Shares to the Secretary of the Company at the Executive Offices of The Procter & Gamble
Company, P. O. Box 599, Cincinnati, Ohio 45201, the Company may thereupon cause to be mailed to you, in the manner and at the address specified in paragraph 8(b) following, its check payable to your order in the amount of the purchase price for such
shares provided for in this Statement and direct the Transfer Agent and Registrar of the Company’s Common Stock to make appropriate entries upon their records showing the cancellation of such certificates and return the shares represented
thereby to the Company. 
  

	2.	Shareholder Rights — 

 Effective upon the date
of award of these Restricted Shares you shall for all purposes be a holder of record of these Restricted Shares and shall thereafter have all rights of a common shareholder with respect to such shares (including the right to vote such shares at any
meeting of common shareholders of The Procter & Gamble Company and the right to receive all dividends paid with respect to such shares), subject only to the conditions and restrictions imposed by this Statement. Until such conditions and
restrictions have lapsed with respect to any restricted Shares, any certificate for such shares will bear a legend to the effect that they were issued or transferred subject to, and may be sold or otherwise disposed of only in accordance with, the
terms of this Statement. 
  

	3.	Adjustments in Case of Stock Dividends, Stock Splits, etc. — 

 In the event that, as the result of a stock dividend, stock split, recapitalization, merger, consolidation, reorganization, or other event, you shall, as the owner of Restricted Shares, be entitled to new, additional
or different shares or securities: (a) such new, additional or different shares or securities shall for all purposes be deemed “Restricted Shares,” (b) all of the terms of this Statement shall be applicable thereto as modified by
this paragraph 3, (c) the purchase price of ten cents ($.10) per share and all of the computations provided for in this Statement shall, if and to the extent required, be appropriately adjusted, and (d) any certificates or other
instruments evidencing such new, additional or different shares or securities shall bear the legend referred to in paragraph 2; provided, however, any fractional shares and any pre-emptive or other rights or warrants to purchase securities issued to
you as a holder of Restricted Shares in connection with a public offering will be issued to you free and clear of all conditions and restrictions imposed by this Statement. 
  

	4.	Lapse of Conditions and Restrictions — 

 (a)
The conditions and restrictions set forth in paragraph 1 above shall lapse as follows: 
 (i) The conditions and restrictions on the
Restricted Shares shall lapse on the dates set forth in the accompanying letter. 
 (ii) In the event your employment with Procter &
Gamble terminates as a result of your death or permanent disability, the conditions and restrictions on these Restricted Shares shall lapse in their entirety. 
 (b) The Committee may accelerate the lapse of conditions and restrictions on all or any part of the Restricted Shares in the case of hardship which in the sole judgment of the Committee justifies such action.

 (c) When the conditions and restrictions lapse with respect to Restricted Shares pursuant to this paragraph 4, the Company will deliver to
you, or your legal representative in case of death, promptly after surrender of any certificate(s) for such Restricted Shares to the Treasurer of The Procter & Gamble Company, Cincinnati, Ohio 45201, one or more certificates for a like
number of shares, free of any legend. 

	5.	Company Right to Terminate Employment and Other Remedies — 

 Nothing provided herein shall be construed to affect in any way the right or power of the Company to terminate your employment at any time for any reason with or without cause, nor to preclude the Company from taking
any action or enforcing any remedy available to it with respect to any action or conduct on your part. 
  

	6.	Definitions — 

 (a) The term
“Company” as used in this Statement shall mean the corporation which awarded the Restricted Shares to you. 
 (b) The term
“Procter & Gamble” as used in this Statement shall include The Procter & Gamble Company and all corporations, more than 50% of whose capital stock entitled to vote for the election of directors is owned or controlled,
directly or indirectly, by The Procter & Gamble Company or by any corporation so controlled by The Procter & Gamble Company, if and as long as such corporations are so controlled. 
  

	7.	Additional Documents — 

 a It is the intention
of the Company that this grant of Restricted Shares shall meet the requirements of, and result in the application of, the rules prescribed by Section 83 of the Internal Revenue Code of 1986, as in effect at the date hereof, and applicable
Regulations thereunder. Accordingly, each and every provision shall be construed and interpreted in such manner as to conform with such intention and the Company reserves the right to execute and to require you to execute any further agreements or
other instruments which may be effective as of the date of award of these Restricted Shares, including, but without limitation, an instrument modifying or correcting any provision hereof, or of the letter advising you of the award or any action
taken hereunder or contemporaneously herewith, and to take any other action, which may be effective as of the date of award of these Restricted Shares, that, in the opinion of counsel for the Company, may be necessary or desirable to carry out such
intention. 
 (b) If you fail, refuse or neglect to execute and deliver any instrument or document or to take any action requested by the
Company or Committee to be executed or taken by you pursuant to the provisions of paragraph 7(a) above for a period of thirty (30) days after the date of such request, the Committee may require you, within ten (10) days after delivery to
you of a written demand by the Company, to sell to the Company all of the Restricted Shares then registered in your name with respect to which the conditions and restrictions set forth in this Statement are still in effect at a price of ten cents
($.10) per share, which price is subject to adjustment as herein provided. 
  

	8.	Notices — 

 (a) Any notice to the Company under
or pursuant to the conditions and restrictions of this Statement shall be deemed to have been delivered to the Company when delivered in person to the Secretary of the Company or when deposited in the mails, by certified or registered mail,
addressed to the Secretary of the Company at the Executive Offices of The Procter & Gamble Company, P.O. Box 599, Cincinnati, Ohio 45201, or such other address as the Company may from time to time designate in writing by notice to you given
pursuant to paragraph 8(b) hereof. 
 (b) Any notice or demand to you under or pursuant to any provisions of this Statement shall be deemed
to have been delivered to you when delivered to you in person or when deposited in the mails, by certified or registered mail, addressed to you at the address on record in the Shareholder Services Department or such other address as you may from
time to time designate in writing by notice to the Company given pursuant to paragraph 8(a) above. 
  

	9.	The Procter & Gamble 2001 Stock and Incentive Compensation Plan — 

 The Restricted Shares have been awarded to you pursuant to The Procter & Gamble 2001 Stock and Incentive Compensation Plan adopted and approved by the shareholders of The Procter & Gamble Company on
October 9, 2001, and such shares and your ownership thereof shall be in all respects subject to the terms of such Plan, the terms and provisions of which are incorporated herein by reference as applicable. 

	10.	Successors and Assigns — 

 The provisions of
this Statement shall be binding upon and inure to the benefit of 
 (a) the Company, its successors and assigns, and 
 (b) you and, to the extent applicable, your legal representative. 
  

	11.	Governing Law — 

 The validity, interpretation,
performance and enforcement of the conditions and restrictions contained in this Statement and your rights in, to and under the Restricted Shares shall for all purposes be governed by the laws of the State of Ohio. 
  

	12.	Additional Information Concerning Common Stock — 

 The following information which appears on certificates representing shares of the Common Stock of the Company is provided pursuant to Section 1701.24(F) of the Ohio Revised Code as pertinent to Restricted Shares awarded or held
without issuance of certificates: 
 (a) The Procter & Gamble Company is organized under the laws of the State of Ohio. 

(b) The Restricted Shares are fully paid and non-assessable shares of the Common Stock without par value of the Company. 
 (c) The name of the person to whom the shares are issued and the number of shares so issued and made subject to this Statement of Conditions and
Restrictions are set forth in the accompanying letter. 
 (d) A copy of the express terms of such shares and of all other classes and series
of shares authorized will be mailed to any shareholder without charge within five (5) days after receipt from such shareholder of a written request therefor addressed to the Secretary of The Procter & Gamble Company, P.O. Box 599,
Cincinnati, Ohio 45201. 

 Form RTD—C 
 [INSERT DATE] 
 [INSERT NAME] 
 Subject: Award of Restricted Stock Units 
 This is to advise you that The Procter & Gamble Company, an Ohio corporation, is awarding
you with Restricted Stock Units, on the dates and in the amounts listed below, pursuant to The Procter & Gamble 2001 Stock and Incentive Compensation Plan, and subject to the attached Statement of Terms and Conditions Form RTD—C.

  

			
	 Grant Date:
	  	[INSERT DATE OF GRANT]
	 Forfeiture Date:
	  	[Date of Retirement eligibility]
	 Original Settlement Date:
	  	[One year after Separation from Service]
	 Number of Restricted Stock Units:
	  	[INSERT NUMBER GRANTED]

 Paragraph 3(a) of Statement of Terms and Conditions Form RTD—C [is/is not] waived. 
 As you will see from the Statement of Terms and Conditions Form RTD—C, under certain circumstances you may agree with The Procter & Gamble Company to delay
the settlement of your Restricted Stock Units beyond the Original Settlement Date. You may want to consult your personal tax advisor before making a decision about this matter. 
  

	
	 THE PROCTER & GAMBLE COMPANY
  
  

	 Steven W. Jemison, Secretary

	 For the Compensation Committee

 I hereby accept the Award of Restricted Stock Units set forth above in accordance with and
subject to the terms of The Procter & Gamble 2001 Stock and Incentive Compensation Plan and the attached Statement of Terms and Conditions for Restricted Stock Units, with which I am familiar. I agree that the Award of Restricted Stock
Units, The Procter & Gamble 2001 Stock and Incentive Compensation Plan, and the attached Statement of Terms and Conditions for Restricted Stock Units together constitute an agreement between the Company and me in accordance with the terms
thereof and hereof, and I further agree that any legal action related to this Award of Restricted Stock Units may be brought in any federal or state court located in Hamilton County, Ohio, USA, and I hereby accept the jurisdiction of these courts
and consent to service of process from said courts solely for legal actions related to this Award of Restricted Stock Units. 
 I hereby
reject the Award of Restricted Stock Units set forth above. 
  
  

					
	Date	 	Signature	 	P&G E-mail Address

  

  

 12-31-08 

 Form RTD—C 
 THE PROCTER & GAMBLE COMPANY 
 STATEMENT OF TERMS AND CONDITIONS FOR RESTRICTED STOCK
UNITS 
 THE PROCTER & GAMBLE 2001 STOCK AND INCENTIVE COMPENSATION PLAN 
 The Restricted Stock Units awarded to you as set forth in the letter you received from the Company (your “Award Letter”), and your ownership
thereof, are subject to the following terms and conditions. 
 1. Definitions. 
 For purposes of this Statement of Terms and Conditions for Restricted Stock Units (“Terms and Conditions”), all capitalized terms not defined
in these Terms and Conditions will have the meanings described in The Procter & Gamble 2001 Stock and Incentive Compensation Plan (the “Plan”), and the following terms will have the following meanings. 
 (a) “Agreed Settlement Date” has the meaning described in Section 2(c); 
 (b) “Data” has the meaning described in Section 10; 
 (c) “Disability” means termination of employment under the permanent disability provision of any retirement plan of Procter & Gamble; 
 (d) “Dividend Equivalents” has the meaning described in Section 4; 
 (e) “Forfeiture Date” is the date identified as such in your Award Letter; 
 (f) “Forfeiture Period” means the period from the Grant Date until the Forfeiture Date. 
 (g) “Grant Date” means the date a Restricted Stock Unit was awarded to you, as identified in your Award Letter; 
 (h) “Original Settlement Date” is the date identified as such in your Award Letter, as adjusted, if applicable, by Section 2;

 (i) “Post-Forfeiture Period” means the period from the Forfeiture Date until the later of the Original Settlement Date or
the Agreed Settlement Date; 
 (j) “Procter & Gamble” means the Company and/or its Subsidiaries; 
 (k) “Restricted Stock Unit” means an unfunded, unsecured promise by the Company, in accordance with these Terms and Conditions and the
provisions of the Plan, to issue to you one share of Common Stock on the later of the Original Settlement Date or the Agreed Settlement Date. 
 (l) “Separation from Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 

  

 12-31-08 

 Form RTD—C 
  
 2. Transfer and Restrictions. 
 (a) Except as set
forth in Section 3 herein, neither Restricted Stock Units nor your interest in them may be sold, exchanged, transferred, pledged, hypothecated, given or otherwise disposed of by you at any time, except by will or by the laws of descent and
distribution. Any attempted transfer of a Restricted Stock Unit, whether voluntary or involuntary on your part, will result in the immediate forfeiture to the Company, and cancellation, of the Restricted Stock Unit (including all rights to Dividend
Equivalents). 
 (b) During the Forfeiture Period, your Restricted Stock Units (including all rights to receive Dividend Equivalents) will be
forfeited and cancelled if you leave your employment with Procter & Gamble for any reason, except due to: (i) your Disability; (ii) death; or (iii) in certain circumstances, your Special Separation. In the event of your death
or Disability during the Forfeiture Period, your Forfeiture Date will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability. In the event of your Special Separation during the
Forfeiture Period, your Restricted Stock Units will be forfeited and cancelled unless otherwise agreed to in writing by the Company. 
 (c)
At any time at least one calendar year prior to the Original Settlement Date, you and the Company may agree to postpone the date on which you are entitled to receive one share of Common Stock for each Restricted Stock Unit you hold, according to the
deferral terms in place at the time, and provided the new date (the “Agreed Settlement Date”) is at least five years from the Original Settlement Date. 
 (d) Upon your death or upon your Disability that satisfies the definition of “disability” under Internal Revenue Code Section 409A (“Section 409A”) at any time while you hold Restricted Stock
Units and/or Dividend Equivalents, your Original Settlement Date (or Agreed Settlement Date, if applicable) will automatically and immediately become, without any further action by you or the Company, the date of your death or Disability, as
applicable. 
 (e) Upon the occurrence of a Change in Control, the Forfeiture Date (if any) shall become the date the Change in Control
occurred. If the Change in Control occurrence meets the definitional requirements of a change in control as defined under Section 409A, your Original Settlement Date (or Agreed Settlement Date, if applicable) will become the date the change in
Control occurred, and the award will be settled in accordance with the terms of the Plan. If the Change in Control does not meet the Section 409A requirements, your Original Settlement Date (or Agreed Settlement Date, if applicable) will not be
changed. 
 (f) From time to time, the Company and/or the Committee may establish procedures with which you must comply in order to accept an
award of Restricted Stock Units, to agree to an Agreed Settlement Date, or to settle your Restricted Stock Units, including requiring you to do so by means of electronic signature, or charging you an administrative fee for doing so. 
 (g) Once your Restricted Stock Units have been settled by delivery to you of an equivalent number of shares of Common Stock, or you have exercised the
conversion right described in Section 3 below, the Restricted Stock Units will have no further value, force or effect and you will cease to receive Dividend Equivalents associated with the Restricted Stock Units. 
  

 12-31-08 

 Form RTD—C 
  

 3. Conversion to Deferred Compensation Plan 
 (a) You are entitled to convert all or a portion of the Restricted Stock Units awarded to you as set forth in the letter and Dividend Equivalents into a
contribution to The Procter & Gamble Deferred Compensation Plan (the “Deferred Compensation Plan”) once you reach age 50. Any such conversions must be completed during one of the Company’s open window periods for executives
and are subject to the Company’s Insider Trading Policy and any other restrictions in place at the time of conversion (claw-back provisions, share ownership requirements, etc.). 
 (b) The value of any contribution to the Deferred Compensation Plan resulting from the conversion of Restricted Stock Units and Dividend Equivalents
shall be determined by multiplying the number of Restricted Stock Units to be converted by the closing price of the Company’s common stock on the New York Stock Exchange on the date of conversion. 
 (c) Contributions to the Deferred Compensation Plan resulting from the conversion of Restricted Stock Units will be placed into a notional account and
administered in accordance with the terms and conditions set forth in that plan, as amended. 
 4. Confidentiality and Non-Competition 
 (a) In order to better protect the goodwill of Procter & Gamble and to prevent the disclosure of Procter & Gamble’s trade secrets
and confidential information, and thereby help ensure the long-term success of Procter & Gamble’s business, in consideration of your being awarded Restricted Stock Units, you (without prior written consent of Procter &
Gamble), will not engage in any activity or provide any services, whether as a director, manager, supervisor, employee, advisor, consultant or otherwise, for a period of three (3) years following the date your employment with Procter &
Gamble is terminated in connection with the manufacture, development, advertising, promotion, or sale of any product which is the same as or similar to or competitive with any products of Procter & Gamble (including both existing products
as well as products known to you, as a consequence of your employment with Procter & Gamble, to be in development): 
 (i) with
respect to which your work has been directly concerned at any time during the two (2) years preceding the termination of your employment with Procter & Gamble; or 
 (ii) with respect to which, during the two (2) years preceding the termination of your employment with Procter & Gamble, you, as a
consequence of your job performance and duties, acquired knowledge of trade secrets or other confidential information of Procter & Gamble. 
 For purposes of this Section 3(a), it will be conclusively presumed that you have knowledge of information you were directly exposed to through actual receipt or review of memoranda or documents containing such information, or through
attendance at meetings at which such information was discussed or disclosed. 
 (b) The provisions of Section 3(a) are not in lieu of,
but are in addition to your continuing obligation (which you acknowledge by accepting an award of Restricted Stock Units) to not use or disclose Procter & Gamble’s trade secrets or confidential information known to you until any
particular trade secret or confidential information becomes generally known (through no fault of yours). As used in this Section 3(b), “generally known” means known throughout the domestic United States industry or, if you have job
responsibilities partially or entirely outside of the United States, the appropriate domestic United States and/or appropriate foreign country or countries’ industry(ies). Information regarding products in development, in test marketing, or
being marketed or promoted in 
  

 12-31-08 

 Form RTD—C 
  

 
a discrete geographic region, which information Procter & Gamble is considering for broader use, will not be deemed to be “generally
known” until such broader use is actually commercially implemented. As used in this Section, “trade secrets or other confidential information” also includes personnel knowledge about a manager, or managers, of Procter &
Gamble or its subsidiaries gained in the course of your employment with Procter & Gamble or its subsidiaries (including personnel ratings or rankings, manager or peer evaluations, performance records, special skills or abilities,
compensation, work and development plans, training, nature of specific project and work assignments, or specialties developed as a result of such assignments) which directly or indirectly affords you a confidential basis to solicit, encourage, or
participate in soliciting any manager, or managers, of Procter & Gamble or any subsidiary to terminate his or her relationship with Procter & Gamble or that subsidiary. 
 (c) By accepting an award of Restricted Stock Units, you agree that, if you were, without authority, to use or disclose Procter & Gamble’s
trade secrets or confidential information or threaten to do so, Procter & Gamble would be entitled to injunctive and other appropriate relief to prevent you from doing so. You further agree that the harm caused to Procter & Gamble
by the breach or anticipated breach of this Section 3(c) is, by its nature, irreparable because, among other things, it is not readily susceptible of proof as to the monetary harm that would ensue. You agree that any interim or final equitable
relief entered by a court of competent jurisdiction will, at the request of Procter & Gamble, be entered on consent and enforced by any court having jurisdiction over you, without prejudice to any rights you or Procter & Gamble may
have to appeal from the proceedings which resulted in any grant of such relief. 
 (d) If any of the provisions contained in Sections 3(a)
through (c) are for any reason, whether by application of existing law or law which may develop after your acceptance of an award of Restricted Stock Units, determined by a court of competent jurisdiction to be overly broad as to scope of
activity, duration, or territory, then by accepting an award of Restricted Stock Units you agree to join Procter & Gamble in requesting such court to construe such provision by limiting or reducing it so as to be enforceable to the extent
compatible with then-applicable law. If any one or more of the provisions contained in Section 3(a) through (c) are determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the remainder of the provisions
will remain in full force and effect and will not be affected, impaired or invalidated in any way. 
 5. Dividend Equivalents. 
 As a holder of Restricted Stock Units, during the period from the Grant Date until the Original Settlement Date or the Agreed Settlement Date, whichever
is later, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional Restricted Stock Units (“Dividend Equivalents”). The number of such additional Restricted Stock Units will be
determined as follows: multiply the number of Restricted Stock Units currently held by the per share amount of the cash dividend or other cash distribution on the Common Stock, and then divide the result by the price of the Common Stock on the date
of the dividend or distribution. These Dividend Equivalent Restricted Stock Units will be subject to the same terms and conditions as the original Restricted Stock Units that gave rise to them, including forfeiture and settlement terms, except that
if there is a fractional number of Dividend Equivalent Restricted Stock Units on the date they are to be settled, you will receive one share of Common Stock for the fractional Dividend Equivalent Restricted Stock Units. 
  

 12-31-08 

 Form RTD—C 
  

 6. Voting and Other Shareholder Rights. 
 A Restricted Stock Unit is not a share of Common Stock, and thus you are not entitled to any voting, dividend or other rights as a shareholder of the
Company with respect to the Restricted Stock Units you hold. 
 7. Adjustments in Case of Stock Dividends, Stock Splits, Etc. 
 In the event of a future reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, rights offering,
share exchange, reclassification, distribution, spin-off, or other change affecting the corporate structure, capitalization or Common Stock, the number of Restricted Stock Units you hold will be adjusted appropriately and equitably to prevent
dilution or enlargement of your rights. 
 8. Tax Withholding. 
 To the extent Procter & Gamble is required to withhold federal, state, local or foreign taxes in connection with your Restricted Stock Units or Dividend Equivalents, the Committee may require you to make such
arrangements as Procter & Gamble may deem appropriate for the payment of such taxes required to be withheld, including without limitation, relinquishment of some of the shares of Common Stock that would otherwise be given to you. However,
regardless of any action taken by Procter & Gamble with respect to any income tax, social insurance, payroll tax, or other tax, by accepting a Restricted Stock Unit or Dividend Equivalent, you acknowledge that the ultimate liability for any
such tax owed by you is and remains your responsibility, and that Procter & Gamble makes no representations about the tax treatment of your Restricted Stock Units or Dividend Equivalents, and does not commit to structure any aspect of the
Restricted Stock Units or Dividend Equivalents to reduce or eliminate your tax liability. 
 9. Suspension Periods and Termination. 
 The Company reserves the right from time to time to temporarily suspend your right to settle your Restricted Stock Units for shares of Common Stock where
such suspension is deemed by the Company as necessary or appropriate and to the extent such action does not result in immediate taxation and penalties under Section 409A. 
 10. Procter & Gamble Right to Terminate Employment and Other Remedies. 
 (a) Nothing in
these Terms and Conditions, or the fact that you have been awarded Restricted Stock Units, affects in any way the right or power of Procter & Gamble to terminate your employment at any time for any reason, with or without cause, or
precludes Procter & Gamble from taking any action or enforcing any remedy available to it with respect to any action or conduct on your part. Without limiting the previous sentence, the Committee may, for example, suspend or terminate any
outstanding Restricted Stock Units for actions taken by you if the Committee determines that you have acted significantly contrary to the best interests of Procter & Gamble or its subsidiaries. For purposes of this paragraph, an action
taken “significantly contrary to the best interests of Procter & Gamble or its subsidiaries” includes without limitation any action taken or threatened by you that the Committee determines has, or is reasonably likely to have, a
significant adverse impact on the reputation, goodwill, stability, operation, personnel retention and management, or business of Procter & Gamble or any subsidiary. This paragraph is in addition to any remedy Procter & Gamble or a
subsidiary may have at law or in equity, including without limitation injunctive and other appropriate relief. 
  

 12-31-08 

 Form RTD—C 
  

 (b) By accepting a Restricted Stock Unit, you acknowledge that: (i) the Plan is established
voluntarily by The Procter & Gamble Company, is discretionary in nature, and may be amended, suspended or terminated at any time; (ii) the award of Restricted Stock Units is voluntary and occasional and does not create any contractual
or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been awarded repeatedly in the past; (iii) all decisions with respect to future Restricted
Stock Unit awards, if any, will be at the sole discretion of the Company; (iv) your participation in the Plan is voluntary; (v) Restricted Stock Units are an extraordinary item and not part of normal or expected compensation or salary for
any purpose, including without limitation calculating any termination, severance, resignation, redundancy, or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (vi) in the event that your
employer is not the Company, the award of Restricted Stock Units will not be interpreted to form an employment relationship with the Company; and, furthermore, the award of Restricted Stock Units will not be interpreted to form an employment
contract with any Procter & Gamble entity; (vii) the future value of Common Stock is unknown and cannot be predicted with certainty; and (viii) no claim or entitlement to compensation or damages arises from termination or
forfeiture of Restricted Stock Units, or diminution in value of Restricted Stock Units or Common Stock received in settlement thereof, and you irrevocably release Procter & Gamble from any such claim that may arise. 
 11. Data Privacy. 
 By accepting a Restricted Stock
Unit, you explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this document by and among, as applicable, any Procter & Gamble entity or third party for
the purpose of implementing, administering and managing your participation in the Plan. You understand that Procter & Gamble holds certain personal information about you, including without limitation your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in a Procter & Gamble entity, details of all options, Restricted Stock Units, or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). You understand that Data may be transferred to
any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to any broker or other third party with whom
you may elect to deposit any shares of Common Stock in connection with the settlement of your Restricted Stock Units. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the
plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents contained in this paragraph, in any case
without cost, by contacting in writing your local human resources representative. You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 
  

 12-31-08 

  

 Form RTD—C 
  

 12. Notices. 
 (a) Any notice to Procter & Gamble that is required or appropriate with respect to Restricted Stock Units held by you must be in writing and addressed to: 
  

	
	 The Procter & Gamble Company

	 ATTN: Corporate Secretary’s Office

	 P.O. Box 599

	 Cincinnati, OH 45201

 or such other address as Procter & Gamble may from time to time provide to you in
writing. 
 (b) Any notice to you that is required or appropriate with respect to Restricted Stock Units held or to be awarded to you will be
provided to you in written or electronic form at any physical or electronic mail address for you that is on file with Procter & Gamble. 
 13.
Successors and Assigns. 
 These Terms and Conditions are binding on, and inure to the benefit of, (a) The Procter & Gamble
Company and its successors and assigns; and (b) you and, if applicable, the representative of your estate. 
 14. Governing Law. 
 The validity, interpretation, performance and enforcement of these Terms and Conditions, the Plan and your Restricted Stock Units will be
governed by the laws of the State of Ohio, U.S.A. without giving effect to any other jurisdiction’s conflicts of law principles. With respect to any dispute concerning these Terms and Conditions, the Plan and your Restricted Stock Units, you
consent to the exclusive jurisdiction of the federal or state courts located in Hamilton County, Ohio, U.S.A. 
 15. The Plan.

 All Restricted Stock Units awarded to you have been awarded under the Plan. Certain provisions of the Plan may have been repeated or
emphasized in these Terms and Conditions; however, all terms of the Plan apply to you and your Restricted Stock Units whether or not they have been called out in these Terms and Conditions. 
  

	16.	Effect of These Terms and Conditions. 

 These Terms
and Conditions and the terms of the Plan, which are incorporated herein by reference, describe the contractual rights awarded to you in the form of Restricted Stock Units, and the obligations imposed on you in connection with those rights. No right
exists with respect to Restricted Stock Units except as described in these Terms and Conditions and the Plan. 
  

 12-31-08The Procter & Gamble Company Executive Deferred Compensation Plan

 EXHIBIT 10-2 
 The Procter & Gamble Company Executive Deferred Compensation Plan 

 The Procter & Gamble Company 
 Executive Deferred Compensation Plan 
 (As Amended and Restated Effective 

 November 15, 2008) 

 Contents 
  

			
	Article 1. Purpose, Status, and Effective Date	  	1
		
	Article 2. Definitions	  	1
		
	Article 3. Eligibility and Participation	  	4
		
	Article 4. Contributions and Credits	  	5
		
	Article 5. Vesting	  	7
		
	Article 6. Participant Accounts; Investment Options	  	7
		
	Article 7. Distribution of Benefits	  	8
		
	Article 8. Claims Procedures	  	11
		
	Article 9. Plan Administration	  	13
		
	Article 10. Amendment and Termination	  	15
		
	Article 11. Additional Provisions	  	15

 The Procter & Gamble Company 
 Deferred Compensation Plan 
 Article 1. Purpose, Status, and Effective Date 
 1.1 Purpose of Plan. The Procter & Gamble Company (the “Company”), an Ohio corporation, has adopted The Procter &
Gamble Company Executive Deferred Compensation Plan (the “Plan”), as set forth herein, as a means of rewarding and retaining selected employees and providing such individuals the opportunity for capital accumulation through elective
deferrals of compensation. 
 1.2 Status of Plan. The Company has established the Plan as an unfunded deferred compensation plan for a
select group of management and highly compensated employees within the meaning of Sections 201(2), 301(3), and 401(1) of the Employee Retirement Income Security Act of 1974, as amended. The Plan shall at all times be administered and interpreted in
a manner that is consistent with such status. 
 1.3 Effective Date. The Effective Date of the Plan is July 1, 2004, as
originally adopted, and November 15, 2008, for the Plan as amended and restated herein. 
 Article 2. Definitions 
 Whenever used in this Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word
is capitalized. 
  

	 	(a)	“Account” shall mean the bookkeeping account for a Participant that is established and maintained to record the Participant’s interest under the Plan. The
balance posted to the record of the Account of a Participant shall reflect the Participant’s Contributions, PST Restoration Program Contributions, distributions, adjustments for income, gain, or loss, and other charges and credits pursuant to
Article 6. 

  

	 	(b)	“Administrative Committee” shall mean the committee that administers the Short-Term Achievement Reward incentive plan or such other administrative committee of the
Company appointed by the Compensation and Leadership Development Committee to administer the Plan. Pursuant to Section 9.2, the Administrative Committee has the authority to delegate its responsibilities. Throughout this plan document, the term
“Administrative Committee” shall also include any individual to whom the Administrative Committee has delegated its responsibilities pursuant to Section 9.2. 

  

	 	(c)	 “Beneficiary” shall mean the person or persons or entity designated by the Participant to receive the balance of the Participant’s Account in
the event of the Participant’s death. The designation may be in favor of one or more Beneficiaries, may include contingent as well as primary designations and named or unnamed trustees under any will or trust agreement and may apportion the
benefits payable in any manner among the Beneficiaries. A Participant’s designation of one or more Beneficiaries shall be made in writing in a manner designated by the Administrative Committee and shall not be 

  

 1 

	 	 
effective until received by the Administrative Committee. If a Participant fails to properly designate a Beneficiary or if the designated beneficiaries of
such Participant shall have predeceased the Participant, the Participant’s estate shall be the Beneficiary. 

 A
Participant may change his or her Beneficiary without the consent of any Beneficiary by similar instrument in accordance with rules and procedures established by the Administrative Committee. The beneficiary designation form received and
acknowledged most recently by the Administrative Committee shall control as of any date. If concurrent Beneficiaries are named without specifying the proportion of benefits due each, distribution shall be made in equal shares to those Beneficiaries.

  

	 	(d)	“Claimant” shall mean the Participant or Beneficiary or his or her representative submitting a claim for benefits under the Plan. 

  

	 	(e)	“Code” shall mean the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. Furthermore, the phrase “to the extent permitted
under the Code” means to the extent the action described does not cause taxation of a Participant’s Account prior to distribution of all or a portion of the Participant’s Account. 

  

	 	(f)	“Company” shall mean The Procter & Gamble Company, an Ohio corporation, and any successor thereto which continues the Plan. 

  

	 	(g)	“Compensation” shall mean the definition of compensation for the Plan Year announced in writing by the Administrative Committee on or before the due date for the
Administrative Committee’s receipt of Participants’ Deferral Elections for such Plan Year. Unless and until superceded, the definition of compensation announced by the Administrative Committee for a Plan Year shall remain in effect for
subsequent Plan Years. 

  

	 	(h)	“Compensation and Leadership Development Committee” shall mean the Compensation and Leadership Development Committee of the Board of Directors, as constituted from
time to time, of the Company. If the Compensation and Leadership Development Committee has delegated any of its authority under the Plan to a committee or to an individual, the term “Compensation and Leadership Development Committee” shall
also include such committee or individual. 

  

	 	(i)	“Contributions” shall mean Deferrals. 

  

	 	(j)	“Deferral Election” shall mean the election or elections filed by the Participant with the Company to defer Compensation under the Plan. 

 

	 	(k)	“Deferrals” shall mean the amounts credited to a Participant’s Account as Deferrals pursuant to the Participant’s Deferral Election.

  

 2 

	 	(l)	“Disability” shall mean the time when: (a) the Participant 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 expect to last for a continuous period of not less than twelve (12) months; or (b) the Participant is, 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 twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an
accident and health plan of the Employer covering the Participant.” 

 For purposes of any terms or conditions of the Plan
related to PST Restoration Program Contributions (including any adjustments thereon pursuant to Article 6.4), Disability shall have the meaning set forth in Form RTD -_C. 
  

	 	(m)	“Effective Date” shall mean the date set forth in Section 1.3. 

  

	 	(n)	“Eligible Employee” shall mean an Employee who satisfies one of the requirements for eligibility under Article 3 of the Plan. 

  

	 	(o)	“Employee” shall mean any employee of the Company or a subsidiary who is expressly designated as an Employee. Any person who is not expressly designated as an
Employee by the Company (or by the subsidiary of the Company for whom the person performs services) shall not be an Employee for purposes of the Plan, notwithstanding that such person may be later determined by the Internal Revenue Service or by a
court of competent jurisdiction to be an employee. 

  

	 	(p)	“Employer” shall mean, with respect to any Participant, the Company or, if applicable, a subsidiary of the Company (that is participating in the Plan with the
consent of the Compensation and Leadership Development Committee) that employs such Participant. 

  

	 	(q)	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  

	 	(r)	“Form RTD-C” shall mean the Statement of Terms and Conditions for Restricted Stock Units on Form RTD-C or similar grant materials provided by the Company for Profit
Sharing Restoration Program Restricted Stock Unit grants, as may be amended from time to time. 

  

	 	(s)	“Investment Option” shall mean a security (other than stock of the Company), mutual fund, common or collective trust, insurance company pooled separate account, or
other benchmark selected by the Administrative Committee pursuant to Section 6.2 for measuring the income, gain, or loss, and other charges and credits recorded for a Participant’s Account. 

  

	 	(t)	“Participant” shall mean an Employee who is eligible to participate in the Plan: (i) by reason of being selected for participation pursuant to
Section 3.1(a) of the Plan; or (ii) because the Employee satisfies eligibility criteria established by the Administrative Committee for participation by a class of employees pursuant to Section 3.1(b) of the Plan.

  

 3 

	 	(u)	“Plan” shall mean The Procter & Gamble Company Deferred Compensation Plan, as herein set out or as duly amended, together with any election forms executed
by the Participant. 

  

	 	(v)	“Plan Year” for this Plan shall mean the calendar year. 

  

	 	(w)	“PST Restoration Program Contributions” shall mean the amounts credited to a Participant’s Account as Deferrals pursuant to the conversion of Restricted Stock
Units under the PST Restoration Diversification Program solely for purposes of determining the value, under Article 6 of the Plan, of such Restricted Stock Units after conversion. 

  

	 	(x)	“PST Restoration Diversification Program” shall mean the Company’s executive compensation program which allows certain employees to convert certain Restricted
Stock Units granted to them at specified times into PST Restoration Program Contributions. 

  

	 	(y)	“Retirement” shall have the same meaning as provided under The Procter & Gamble Profit Sharing Trust and Employee Stock Ownership Plan as in effect on
December 31, 2008. 

  

	 	(z)	“Scheduled In-Service Withdrawal” shall mean a distribution of all or a portion of the Deferrals credited to a Participant’s Account in the Plan Year elected
by the Participant for such distribution. 

  

	 	(aa)	“Separation from Service” shall have the meaning provided under Section 409A of the Code and regulations thereto. 

 Article 3. Eligibility and Participation 
 3.1
Eligibility. 
  

	 	(a)	Participation in the Plan is limited to the class of Employees who are expressly selected for Plan participation by the Compensation and Leadership Development Committee.

  

	 	(b)	In lieu of expressly selecting Employees for Plan participation, the Compensation and Leadership Development Committee may establish eligibility criteria providing for the
participation of all Employees who satisfy such criteria. 

  

	 	(c)	The Compensation and Leadership Development Committee may adopt, amend, or abolish a Participant’s selection for eligibility or eligibility criteria under Sections 3.1(a) and
3.1(b) hereof at any time, and for any reason, by resolution, which resolutions shall be attached to the copy of the Plan maintained by the Company and shall be effective as of the date specified therein, or if later, the date submitted to the
Company. 

  

 4 

 3.2 Participation. A Participant shall continue to participate in the Plan with respect to amounts
credited to his or her Account until: (i) the Participant ceases to satisfy any of the eligibility criteria for participation under Section 3.1, and (ii) there has been a complete distribution or forfeiture of the Participant’s
Account. 
 Article 4. Contributions and Credits 
 4.1 Deferrals and Deferral Elections. 
  

	 	(a)	A Participant may elect to make Deferrals to his or her Account for a Plan Year by timely executing and filing a Deferral Election with the Administrative Committee on or before the
due date established by the Administrative Committee for the Plan Year for which the Deferral Election is being made. Except as provided in paragraphs (b), (c) and (d) of this Section 4.1, such due date shall be prior to
January 1 of the Plan Year in which services for which the Compensation would otherwise be payable commence. 

  

	 	(b)	The Administrative Committee may provide for separate Deferral Elections and due dates for the various elements of Compensation, such as base salary and bonuses. Any Deferral
Election must be made prior to the period for which the element of Compensation being deferred is earned, as determined by the Administrative Committee in its sole discretion, and the Participant’s Deferral Election shall only apply to
Compensation earned after the date on which it is received by the Administrative Committee. Notwithstanding the above, in the case of “performance-based compensation” (as such term is defined under Code Section 409A and regulations
thereto) based upon a performance period of at least twelve (12) months, the Administrative Committee may allow elections to defer such performance-based compensation no later than the date that is six (6) months before the end of the
related performance period provided that the Participant has performed services continuously from a date no later than the date upon which the performance criteria are established through a date no earlier than the date upon which the Participant
makes an initial deferral election, and further provided that in no event may an election to defer performance-based compensation be made after such compensation has become both substantially certain to be paid and readily ascertainable.

  

	 	(c)	A Participant may elect to make PST Restoration Program Contributions at any time during the Company’s open window trading period for executives so long as such contributions
are consistent with all Company policies and procedures and Form RTD – C, as amended (“Terms and Conditions”). Other than for purposes of determining the value of such contributions under Article 6 of the Plan, the Terms and
Conditions shall apply to PST Restoration Program Contributions accounted for under this Plan. 

  

 5 

	 	(d)	A Participant who first becomes eligible for participation in the Plan after January 1 of a Plan Year who wishes to make Deferrals to his or her Account for such Plan Year
shall execute and file with the Administrative Committee a Deferral Election within thirty (30) days after the date on which such Participant is notified that he or she has become eligible to participate in the Plan. For this purpose, the date
of the notice shall be the date of notification, regardless of when actually received by the Participant. A Participant may not, however, make a Deferral Election under this Section 4.1(c) if the Participant is already eligible to participate
in another deferred compensation plan that is required under Code Section 409A to be aggregated with the Plan. 

  

	 	(e)	Except as otherwise set forth in paragraph (c) of this Article 4.1, only one Deferral Election may be made for each element of Compensation earned in a single Plan Year (or
earned over a period of more than one Plan Year). Any Participant who fails to timely execute and file a Deferral Election with the Administrative Committee for a Plan Year with respect to an element of Compensation shall not be permitted to make
Deferrals for such element of Compensation for such Plan Year. 

  

	 	(f)	A Deferral Election shall direct the Employer to reduce the Participant’s Compensation (or the element thereof) by a whole percentage specified by the Participant in the
Deferral Election. 

  

	 	(g)	The amount specified by the Participant in the Deferral Election cannot reduce the Participant’s current Compensation for such Plan Year below the amount necessary to satisfy
any applicable taxes and withholdings required by law, as determined by the Administrative Committee. 

  

	 	(h)	Except as otherwise provided in paragraphs (c) and (h) of this Article 4.1, a Deferral Election for Compensation shall be effective only for the Plan Year for which it is
made. Once filed with the Administrative Committee, a Deferral Election shall be irrevocable. 

  

	 	(i)	In making a Deferral Election, the Participant consents to the Employer’s withholding from his or her currently payable Compensation the amount or amounts elected and the
crediting of such withheld amounts to the Participant’s Account, as provided in the Plan. 

 4.2 Automatic Cancellation
of Deferral Elections. Notwithstanding anything in the Plan to the contrary, in the event the Participant ceases to be a Participant, all of such Participant’s Deferral Elections pertaining to Plan Years that have not commenced shall
immediately be cancelled, and the Participant’s right to make future Deferral Elections shall be suspended until the Participant again becomes a Participant. 
  

 6 

 Article 5. Vesting 
 With the exception of PST Restoration Program Contributions, a Participant shall at all times be one hundred percent (100%) vested in amounts credited to the Participant’s Account. PST Restoration Program
Contributions vest upon completion of the Forfeiture Period on the Forfeiture Date, as those terms are defined in the applicable Form RTD – C, or similar grant materials provided by the Company, as amended. 
 Article 6. Participant Accounts; Investment Options 
 6.1 Accounts. The Administrative Committee shall establish an Account for each Participant to record the Contributions, distributions, adjustments for income, gain, or loss, and other charges and credits to the Account under the
Plan. All PST Restoration Program Contributions, and any adjustments for income, gain or loss, and other charges and credits to the account related to any such contributions, shall be segregated and tracked separately. 
 6.2 Investment Options. The Administrative Committee shall designate one or more Investment Options for measuring the income, gain, or loss, and
other charges and credits recorded for a Participant’s Account and may change Investment Options prospectively at any time provided that any Investment Options designated must be comparable to an investment option available under a
tax-qualified defined contribution plan of the Company. Notwithstanding anything in this Plan to the contrary, an Investment Option that provides an above-market return, as defined by Item 402 of Regulation S-K of the Securities Act of 1933,
may not be designated without the approval of the Compensation and Leadership Development Committee. 
 6.3 Participant Allocations.

  

	 	(a)	A Participant shall elect on his or her Deferral Election form or on such other form or by such other means as may be specified by the Administrative Committee, one or more
Investment Options to which Contributions to be credited to the Participant’s Account shall be allocated. A Participant may change the allocation of future Contributions among the Investment Options and may change the allocation of his or her
Account balance among the Investment Options as frequently as permitted by the Administrative Committee under rules and procedures applicable to all Participants. The Administrative Committee shall establish and may prospectively change its rules
regarding the timing and frequency of Investment Option elections and may establish minimum amounts or percentages for allocating Contributions and transferring Account balances among the Investment Options. 

  

	 	(b)	In the event a Participant fails or refuses to make an election allocating Contributions credited to his or her Account among the then available Investment Options, the
Administrative Committee shall specify the Investment Option or Options to which the Participant’s Account shall be allocated and notify the Participant of its selection, which notification may be the Account statements provided to the
Participant. 

  

 7 

 6.4 Adjustment of Accounts. A Participant’s Account balance shall be adjusted daily, based on
the performance of the Investment Options selected by the Participant, as if the portion of the Participant’s Account allocated to an Investment Option were actually invested in such Investment Option and adjusted for other amounts as if such
other amounts were actually charged or credited to an actual Account balance of the Participant. The Administrative Committee may also charge as an expense against a Participant’s Account: (i) amounts customarily charged by the sponsor of
one or more Investment Options that are charged on a per-Participant or per-transaction basis and not otherwise charged as an expense of an Investment Option, and (ii) the Administrative Committee’s and the Employer’s own expenses and
out-of-pocket fees in administering the Plan. The Administrative Committee’s allocation of charges and expenses among Participant Accounts shall be final and conclusive against the Participants and all other parties. 
 6.5 Status of Investment Options. The Investment Options established by the Administrative Committee from time to time are for the sole purpose of
providing a performance measurement for adjusting Participants’ Accounts for income, gain, or loss, and other charges and credits. Notwithstanding anything in this Plan to the contrary, neither the Company nor the Administrative Committee shall
be required to actually invest monies in any fund designated as an Investment Option, any decision to so invest shall remain within the discretion of the Company (subject to the approval of the Compensation and Leadership Development Committee), and
any amounts so invested shall remain the property of the Company. 
 Article 7. Distribution of Benefits 
 7.1 Distribution Commencement Election. 
  

	 	(a)	With the exception of PST Restoration Program Contributions, at the time each Deferral Election is made, the Participant may elect to receive a distribution of up to one hundred
percent (100%) of the related amount deferred (including adjustments thereon pursuant to Section 6.4) upon a Separation from Service (for reasons other than death) or Disability. 

  

	 	(b)	A Participant may instead elect to receive a Scheduled In-Service Withdrawal of up to one hundred percent (100%) of the related amount deferred (including adjustments thereon
pursuant to Section 6.4); provided, however, that any Scheduled In-Service Withdrawal must occur at least one (1) year after the end of the Plan Year in which the Deferrals being distributed were credited to the Participant’s Account.
Scheduled In-Service Withdrawals are not available for PST Restoration Program Contributions (including any adjustments thereon pursuant to Article 6.4). 

  

	 	(c)	With the exception of any PST Restoration Program Contributions, separate distribution elections may be made for each Plan Year’s credited Contributions. The Participant’s
distribution election shall be made in writing as specified by the Administrative Committee. 

  

	 	(d)	 Notwithstanding anything to the contrary in this Article 7, a distribution payable with respect to any PST Restoration Program Contributions (including any 

  

 8 

	 	 
adjustments thereon pursuant to Article 6.4) shall be made in accordance with the Terms and Conditions associated with those contributions, except that such
distributions shall be payable in cash and not in the Company’s common stock. 

 7.2 Retirement/Disability Form of
Distribution Election and Time of Payment. 
  

	 	(a)	At the time each Deferral Election is made, a Participant may elect one or both of the following forms of distribution for his or her Account distributable by reason of the
Participant’s Retirement or Disability: (i) a single sum distribution, or (ii) a distribution in approximately equal annual installments payable over a period of two (2) to ten (10) years. The Account balance of a
Participant who fails or refuses to elect a method of distribution shall be paid in a single sum. 

  

	 	(b)	Except as set forth in paragraph (c) of this Article 7.2, a distribution payable by reason of the Participant’s Retirement or Disability shall be paid (in the case of a
single sum) or commence to be paid (in the case of annual payments) as soon as practicable in the calendar year following the calendar year in which the Participant’s Retirement or Disability occurs. A distribution may, however, be delayed in
order to comply with Section 7.7 of the Plan. 

  

	 	(c)	Notwithstanding anything to the contrary in this Article 7, a distribution payable with respect to any PST Restoration Program Contributions (including any adjustments thereon
pursuant to Article 6.4) shall be made in accordance with the Terms and Conditions associated with those contributions, except that such distributions shall be payable in cash and not in the Company’s common stock. 

 7.3 Death Form of Distribution Election and Time of Payment. 
  

	 	(a)	At the time a Participant first makes a Deferral Election, the Participant may elect how to receive the undistributed portion of his or her Account in the event of death. The
Participant may elect: (i) a single sum distribution, or (ii) a distribution in approximately equal annual installments payable over a period of two (2) to ten (10) years. If a Participant fails or refuses to elect a method of
distribution, the undistributed portion of his or her Account shall be paid in a single sum. 

  

	 	(b)	If a Participant dies before a complete distribution of his or her Account under the Plan has occurred, the Participant’s undistributed Account balance shall commence to be
distributed to his or her Beneficiary under the distribution method (for death) elected by the Participant as soon as administratively possible following receipt by the Administrative Committee of satisfactory notice and confirmation of the
Participant’s death. 

  

	 	(c)	Notwithstanding anything to the contrary in this Article 7, a distribution payable with respect to any PST Restoration Program Contributions (including any adjustments thereon
pursuant to Article 6.4) shall be made in accordance with the Terms and Conditions associated with those contributions, except that such distributions shall be payable in cash and not in the Company’s common stock. 

  

 9 

 7. 4 Scheduled In-Service Withdrawals. 
  

	 	(a)	A Scheduled In-Service Withdrawal shall be paid in a single sum as soon as practicable in the January of the payout year elected by the Participant to receive such Scheduled
In-Service Withdrawal. 

  

	 	(b)	If a Participant has elected a Scheduled In-Service Withdrawal for all or a portion of his or her Account, but terminates employment with all Employers for any reason other than
Disability or death prior to the year specified by the Participant for such Scheduled In-Service Withdrawal to be paid, the Scheduled In-Service Withdrawal shall be paid in the year following the year employment terminates. 

 

	 	(c)	If a Participant terminates employment with all Employers by reason of Disability or death prior to the year specified by the Participant for such Scheduled In-Service Withdrawal to
be paid, the Scheduled In-Service Withdrawal distribution shall be distributed in the manner elected by the Participant for Disability or death. However, if Disability or death occurs within a Plan Year during which a Scheduled In-Service Withdrawal
is still to be paid, such withdrawal shall be paid as scheduled to the Participant (or in the event of death, to the Participant’s estate). 

  

	 	(d)	Notwithstanding the above, PST Restoration Program Contributions (including any adjustments thereon pursuant to Article 6.4) are not eligible for Scheduled In-Service Withdrawals.

 7.5 Termination of Employment. If a Participant has a Separation from Service prior to his or her Retirement, death,
or Disability for any reason, notwithstanding any distribution election made by the Participant, the vested but undistributed portion of the Participant’s Account balance shall be payable to the Participant in a single sum as soon as
practicable in the calendar year following the calendar year in which such Separation from Service occurs. Any unvested amounts in the Account shall be immediately forfeited, unless otherwise agreed to in writing by the Company. 
 7.6 Form of Distributions. All amounts distributed to a Participant from his or her Account shall be paid in cash by the Employer or its designee.

 7.7 Postponement of Distributions. Except as otherwise set forth herein, in the event of a Participant’s Separation from
Service for reasons other than death, there shall be no payment to the Participant for the six (6) month period following the Participant’s Separation from Service (the “Postponement Period”). In addition, the Administrative
Committee shall further postpone the distribution of all or part of an amount otherwise payable under Article 7 to a Participant to the extent that the distribution would not be deductible by the Employer under Section 162(m) of the Code. Once
the Postponement Period has passed, a conversion or distribution that is postponed pursuant to this Article 7.7 shall be converted and/or paid as soon as it is possible to do so within the deduction 

  

 10 

 
limitations of Section 162(m) of the Code, but in no event will any such payment be delayed beyond the later of (a) the last day of the taxable
year of the Employer in which the Postponement Period ends; or (b) the 15th day of the third month following the Postponement Period.
Notwithstanding anything to the contrary in this Article 7, a distribution payable with respect to any PST Restoration Program Contributions, including any postponement thereof, shall be made in accordance with the Terms and Conditions associated
with those contributions. 
 7.8 Permitted Changes in Distribution Elections. To the extent permitted under the Code and by the
Administrative Committee, a Participant may change his or her distribution election related to amount(s) distributable by reason of his or her Disability or death if such change is made in writing at least twelve (12) months prior to the
Participant’s Disability or death and only if such change will not result in taxation of amounts previously deferred. In the event that the Participant’s most recent form of distribution election was made within twelve (12) months of
the Participant’s Disability or death, the next most recent election made by the Participant at least twelve (12) months prior to the Participant’s Separation from Service by reason of Disability or death (or if none, the
Participant’s initial election) shall be used. Notwithstanding anything to the contrary in this Article 7, a distribution payable with respect to any PST Restoration Program Contributions, including any postponement thereof, shall be made in
accordance with the Terms and Conditions associated with those contributions. 
 Article 8. Claims Procedures 
 8.1 Generally. A distribution request (also referred to herein as a claim) shall be made by filing a written request with the Administrative
Committee on a form provided by the Administrative Committee, which shall be delivered to the Administrative Committee. If the claims procedure form made available by the Administrative Committee does not contain information on where to file the
claim, the claim may be submitted to the human resources office at the site where the Claimant is employed. 
 8.2 Denied Claims. If a
claim is denied in whole or in part, the Claimant shall receive a written or electronic notice explaining the denial of the claim within ninety (90) days after the Administrative Committee’s receipt of the claim. If the Administrative
Committee determines that for reasons beyond its control, a ninety (90) day extension of time is necessary to process the claim, the Claimant shall be notified in writing of the extension and reason for the extension within ninety
(90) days after the Administrative Committee’s receipt of the claim. The written extension notification shall also indicate the date by which the Administrative Committee expects to render a final decision. A notice of denial of claim
shall contain the following: the specific reason or reasons for the denial; reference to the specific Plan provisions on which the denial is based; a description of any additional materials or information necessary for such Claimant to perfect the
claim and an explanation of why such material or information is necessary; and a description of the Plan’s review procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil
action under Section 502(c) of ERISA following an adverse determination on review. 
 8.3 Review of Denied Claims. A Claimant may
file a written request for a review of the denial of a claim within sixty (60) days after receiving written notice of the denial. The Claimant may submit written comments, documents, records, and other relevant information in support of the

  

 11 

 
claim. A Claimant shall be provided, upon request and without charge, reasonable access to, and copies of, all documents, records, and other information
relevant to the Claimant’s claim. A document, record, or other information shall be considered relevant if it: (a) was relied upon in denying the claim; (b) was submitted, considered or generated in the course of processing the claim,
regardless of whether it was relied upon; (c) demonstrates compliance with the claims procedures process; or (d) constitutes a statement of Plan policy or guidance concerning the denied claim. 
 8.4 Decisions on Reviewed Claims. The Administrative Committee shall notify the Claimant in writing of its decision on the appeal. Such
notification shall be in a form designed to be understood by the Claimant. If the claim is denied in whole or in part on appeal, the notification shall also contain: the specific reason or reasons for the denial; reference to the specific Plan
provisions on which the determination is based; a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s
claim for benefits; and a statement that the Claimant has a right to bring an action under Section 502(a) of ERISA. A document, record, or other information shall be considered relevant if it: (a) was relied upon in denying the claim;
(b) was submitted, considered, or generated in the course of processing the claim, regardless of whether it was relied upon; (c) demonstrates compliance with the claims procedures process; or (d) constitutes a statement of Plan policy
or guidance concerning the denied claim. Such notification shall be given by the Administrative Committee within sixty (60) days after the complete appeal is received by the Administrative Committee (or within one hundred twenty (120) days
if the Administrative Committee determines special circumstances require an extension of time for considering the appeal, and if written notice of such extension and circumstances is given to the Claimant within the initial sixty (60) day
period). Such written extension notice shall also indicate the date by which the Administrative Committee expects to render a decision. 
 8.5 Review Procedures. In reviewing a denied claim, the reviewer shall take into consideration all comments, documents, records, and other information submitted by the Claimant in support of the claim, without regard to whether such
information was submitted or considered in the initial determination. 
  

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 Article 9. Plan Administration 
 9.1 Establishment of the Administrative Committee. The Administrative Committee shall have the sole responsibility for the administration of the Plan. The Administrative Committee shall consist of at least
three (3) members who shall be appointed by the Compensation and Leadership Development Committee and who may also be officers, directors, or employees of the Company or an Employer. An Administrative Committee member may resign by written
notice to, or may be removed by, the Company, which shall appoint a successor to fill any vacancy on the Administrative Committee, howsoever caused. An Employee’s membership on the Administrative Committee shall automatically terminate upon
such Employee’s termination of employment with all Employers. 
 9.2 Appointment and Duties of the Administrative Committee.

  

	 	(a)	The Administrative Committee may delegate its responsibilities hereunder to one or more persons, to serve at the Administrative Committee’s discretion. The Administrative
Committee or its delegatee(s) shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following: 

  

	 	(i)	To administer and enforce the Plan, including the discretionary and exclusive authority to interpret the Plan, to make all factual determinations under the Plan, and to resolve
questions between the Company and Participants or Beneficiaries, including questions which relate to eligibility and distributions from the Plan, to remedy possible ambiguities, inconsistencies, or omissions, and decisions on claims which shall,
subject to the claims procedures under the Plan, be conclusive and binding upon all persons hereunder, including, without limitation, Participants, other Employees of the Company, Beneficiaries, and former Participants, and their executors,
administrators, conservators, or heirs; 

  

	 	(ii)	To prescribe procedures to be followed by Participants or Beneficiaries filing applications for benefits; 

  

	 	(iii)	To prepare and distribute, in such manner as the Administrative Committee determines to be appropriate, information explaining the Plan; 

  

	 	(iv)	To receive from the Employer and from Participants such information as shall be necessary for the proper administration of the Plan; 

  

	 	(v)	To furnish the Employer, upon request, such reports with respect to the administration of the Plan as are reasonable and appropriate; 

  

	 	(vi)	To receive, review, and keep on file (as it deems convenient or proper) reports of the receipts and disbursements under the Plan; 

  

 13 

	 	(vii)	To appoint or employ individuals to assist in the administration of the Plan and any other agents it deems advisable, including legal counsel, and such clerical, medical,
accounting, auditing, actuarial, and other services as it may require in carrying out the provisions of the Plan or in connection with any legal claim or proceeding involving the Plan, to settle, compromise, contest, prosecute, or abandon claims in
favor of or against the Plan; and 

  

	 	(viii)	To discharge all other duties set forth herein. 

  

	 	(b)	The Administrative Committee shall have no power to add to, subtract from, or modify any of the terms of the Plan, or to change or add to any benefits provided by the Plan, or to
waive or fail to apply any requirements of eligibility under the Plan. No member of the Administrative Committee shall participate in any action on any matters involving solely his or her own rights or benefits as a Participant under the Plan, and
any such matters shall be determined by the Compensation and Leadership Development Committee. 

 9.3 Actions by the
Administrative Committee. The Administrative Committee may act at a meeting or by writing without a meeting, by the vote or assent of a majority of its members. The Administrative Committee may adopt such bylaws and regulations as it deems
desirable for the conduct of its affairs and the administration of the Plan. A dissenting Administrative Committee member who, within a reasonable time after he or she has knowledge of any action or failure to act by the majority, registers his or
her dissent in writing delivered to the other Administrative Committee members shall not be responsible for any such action or failure to act. 
 9.4 Expenses of the Administrative Committee. Members of the Administrative Committee shall not receive compensation from the Plan for those services they perform as the Administrative Committee members while employed by an Employer.
Any and all necessary expenses related to Plan administration shall be paid by the Company but may be charged against Plan Accounts. 
 9.5 Records of the Administrative Committee. The Administrative Committee shall keep a record of all of its meetings and shall keep all such books of account, records, and other data as may be necessary or desirable in its judgment
for the administration of the Plan. 
 9.6 Information From Participant. The Administrative Committee may require a Participant to
complete and file with the Administrative Committee forms approved by the Administrative Committee, and to furnish all pertinent information requested by such Administrative Committee. The Administrative Committee may rely upon all such information
so furnished, including the Participant’s current mailing address. 
  

 14 

 9.7 Notification of Participant’s Address. Each Participant, retired Participant, and
Beneficiary entitled to benefits under the Plan must file with the Administrative Committee or such other person designated by the Administrative Committee, in writing, his or her post office address and each change of post office address. Any
communication, statement, or notice addressed to such a person at this latest post office address as filed with the Administrative Committee shall, on deposit in the United States mail with postage prepaid, be binding upon such person for all
purposes of the Plan, and the Administrative Committee shall not be obliged to search for, or ascertain the whereabouts of, any such person. 
 9.8 Indemnification. Notwithstanding any provision herein to the contrary, no member of the Administrative Committee nor any individual to whom the Administrative Committee has delegated duties under this Plan shall be liable to any
Participant, former Participant, designated Beneficiary, or any other person for any claim, loss, liability, or expense incurred in connection with the Plan, unless attributable to fraud or willful misconduct on the part of such member or
individual. Furthermore, members of the Administrative Committee and all individuals to whom the Administrative Committee has delegated duties under this Plan shall be indemnified by the Company against any and all liabilities arising by reason of
any act or failure to act made in good faith pursuant to the provisions of the Plan, including expenses reasonably incurred in the defense of any claim relating thereto. 
 Article 10. Amendment and Termination 
 The Company hereby reserves the right, by written resolution
of the Compensation and Leadership Development Committee, to amend or terminate the Plan at any time, and for any reason, without the consent of any Participant. No amendment shall impair or curtail the Employer’s contractual obligations to a
Participant for the vested portion of the Participant’s Account prior to the date of any such amendment or termination of the Plan. In addition, the Compensation and Leadership Development Committee may, by written resolution, liquidate the
plan provided such liquidation is implemented in accordance with the rules of Code Section 409A. 
 Article 11. Additional Provisions 

11.1 No Contract. Nothing in the Plan shall be deemed to give a Participant any right to be retained in the employ of the Employer or to
interfere with the Employer’s right to discharge the Participant at any time, with or without cause. 
 11.2 Withholdings. The
Employer shall withhold from any amount distributable to a Participant under the Plan any applicable actual or hypothetical federal, state, or local income or employment taxes or any other amounts required to be withheld by law or withheld pursuant
to Section 11.4. In addition, the Employer may withhold from a Participant’s currently payable salary, bonus, or other compensation any applicable federal, state, or local income or employment taxes that may be due upon the crediting of an
amount to the Participant’s Account. 
  

 15 

 11.3 Rights Not Transferable. Neither a Participant nor any other person shall have any right to
commute, sell, assign, transfer, pledge, anticipate, mortgage, or otherwise encumber, transfer, hypothecate, alienate, or convey in advance of actual receipt, the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to
which are expressly declared to be, unassignable and nontransferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment, or sequestration for the payment of any debts, judgments, alimony,
or separate maintenance owed by a Participant or any other person, be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property
settlement or otherwise. 
 11.4 Offset. If, at the time payments or installments of payments are to be made hereunder, the
Participant or Beneficiary or both are indebted or obligated to the Company, then such payments or installments of payments to be made to the Participant or the Beneficiary or both may, at the discretion of the Company, be reduced by the amount of
the indebtedness or obligation, provided, however, that an election by the Company not to reduce any such payment or payments shall not constitute a waiver of its claim for such indebtedness or obligation or a waiver of its right to make an offset
against payments in the future. Notwithstanding the above, payments or installments of payments that are payable under the Plan may not be offset against amounts otherwise owed to the Company that are otherwise due prior to the time payment is due
under the Plan. 
 11.5 No Funding. The Plan constitutes a mere promise of the Employer to make payments in accordance with the terms
of the Plan. This Plan does not give any Participant or his or her Beneficiary any interest, lien, or claim in or against any specific assets of the Employer. The Participant and his or her Beneficiary shall have only the rights of general,
unsecured creditors of the Employer with respect to their rights under the Plan. 
 The Company may, but shall not be required to, establish
a grantor trust as a funding source for its obligations under the Plan. If such a trust is so established, it shall be the intention of the Company that the trust shall constitute an unfunded arrangement for purposes of the Plan, such that the Plan
shall continue to be an unfunded plan maintained for the purpose of providing deferred compensation to a select group of management or highly compensated employees under ERISA. With respect to any Participant, the assets of the trust so established
shall remain subject to the claims of the creditors of that Participant’s Employer in the event of the Employer’s bankruptcy or insolvency. 
 11.6 Construction. The headings in this Plan have been inserted for convenience of reference only and are to be ignored in any construction of the provision.  
 11.7 Gender and Number. Except when otherwise clearly indicated by the context, when used in the Plan words in any gender shall include any other
gender, and words in the singular shall include the plural, and words in the plural shall include the singular. 
 11.8
Severability. In the event any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the remaining parts of the Plan, but the Plan shall be construed and enforced as if the illegal
or invalid provision had never been inserted, and the Company shall have the right to correct and remedy such questions of illegality or invalidity by amendment as provided by the Plan. 
  

 16 

 11.9 Governing Law. The Plan shall be regulated, construed, and administered in all respects under
and by the laws of the state of Ohio, without regard to its conflict of laws provisions, except when preempted by federal law. 
 11.10
Voiding of Plan Provisions. If any provision under this Plan causes an amount deferred to become subject to income tax under the Code prior to the time such amount is paid to the Participant, such provision shall be deemed null and void with
respect to such amount deferred and the Administrative Committee shall take whatever steps as may be required to accomplish the deferral objectives of the Plan without causing early taxation of such amount deferred and without any Employer incurring
additional cost or liability. 
  

 17

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