Document:

Executive Deferred Compensation Plan II

 Exhibit 10.5 
 CHURCH & DWIGHT CO., INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN
II 
 (As amended and restated effective as of January 1, 2012) 

  

							
	 	 	 	  	Page	 
			
	ARTICLE 1	 	PURPOSE	  	 	- 1 -	  
			
	ARTICLE 2	 	DEFINITIONS	  	 	- 1 -	  
			
	ARTICLE 3	 	ADMINISTRATION OF THE PLAN	  	 	- 5 -	  
			
	ARTICLE 4	 	ELIGIBILITY	  	 	- 6 -	  
			
	 4.1
	 	 Eligibility
	  	 	- 6 -	  
	 4.2
	 	 Deferral Commitments and 401(k) Restoration Credits
	  	 	- 6 -	  
	 4.3
	 	 Profit Sharing Restoration Credits
	  	 	- 6 -	  
	 4.4
	 	 Eligibility Limited to Management or Highly Compensated Employees
	  	 	- 6 -	  
			
	ARTICLE 5	 	CREDITS	  	 	- 7 -	  
			
	 5.1
	 	 Deferral Commitment Credits
	  	 	- 7 -	  
	 5.2
	 	 401(k) Restoration Amounts
	  	 	- 9 -	  
	 5.3
	 	 Profit Sharing Restoration Amounts
	  	 	- 10 -	  
			
	ARTICLE 6	 	ACCOUNTS	  	 	- 11 -	  
			
	 6.1
	 	 Accounts
	  	 	- 11 -	  
	 6.2
	 	 Earnings on Accounts
	  	 	- 11 -	  
	 6.3
	 	 Earnings Crediting Options
	  	 	- 12 -	  
	 6.4
	 	 Changes in Earnings Crediting Options
	  	 	- 13 -	  
	 6.5
	 	 Interest on Accounts
	  	 	- 14 -	  
	 6.6
	 	 Valuation of Accounts
	  	 	- 15 -	  
	 6.7
	 	 Statement of Accounts
	  	 	- 15 -	  
	 6.8
	 	 Distribution of Accounts
	  	 	- 15 -	  
	 6.9
	 	 Vesting of Accounts
	  	 	- 15 -	  
			
	ARTICLE 7	 	BENEFITS TO PARTICIPANTS	  	 	- 15 -	  
			
	 7.1
	 	 Distributions Generally
	  	 	- 15 -	  
	 7.2
	 	 Distribution of Normal Distribution Accounts
	  	 	- 17 -	  
	 7.3
	 	 Distribution of In-Service Distribution Accounts
	  	 	- 20 -	  
	 7.4
	 	 Amendment of Deferral Elections Pursuant to IRS Notice 2006-79 and Notice 2007-86
	  	 	- 22 -	  
			
	ARTICLE 8	 	SURVIVOR BENEFITS	  	 	- 22 -	  
			
	ARTICLE 9	 	EMERGENCY BENEFIT	  	 	- 24 -	  

  
 i 

							
			
	ARTICLE 10	 	SETTLEMENT AND VALUATION DATES	  	 	- 25 -	  
			
	 10.1
	 	 Settlement and Valuation Dates
	  	 	- 25 -	  
			
	ARTICLE 11	 	CLAIM PROCEDURES	  	 	- 25 -	  
			
	 11.1
	 	 Submission of Claim
	  	 	- 25 -	  
	 11.2
	 	 Notice of Denial of Claim
	  	 	- 25 -	  
	 11.3
	 	 Review of Denial of Claim
	  	 	- 26 -	  
			
	ARTICLE 12	 	MISCELLANEOUS	  	 	- 27 -	  
			
	 12.1
	 	 Amendment or Termination
	  	 	- 27 -	  
	 12.2
	 	 Designation of Beneficiary
	  	 	- 27 -	  
	 12.3
	 	 Limitation of Participant’s Right
	  	 	- 28 -	  
	 12.4
	 	 Obligations to Employer
	  	 	- 28 -	  
	 12.5
	 	 Nonalienation of Benefits
	  	 	- 28 -	  
	 12.6
	 	 Withholding Taxes
	  	 	- 29 -	  
	 12.7
	 	 Use of Electronic Media
	  	 	- 29 -	  
	 12.8
	 	 Trust Fund
	  	 	- 29 -	  
	 12.9
	 	 Unfunded Status of Plan
	  	 	- 29 -	  
	 12.10
	 	 Severability
	  	 	- 30 -	  
	 12.11
	 	 Governing Law
	  	 	- 30 -	  
	 12.12
	 	 Headings
	  	 	- 30 -	  
	 12.13
	 	 Gender, Singular and Plural
	  	 	- 30 -	  
	 12.14
	 	 Notice
	  	 	- 30 -	  
	 12.15
	 	 Arbitration
	  	 	- 30 -	  
	 12.16
	 	 Section 409A Compliance
	  	 	- 31 -	  

  
 ii 

 CHURCH & DWIGHT CO., INC. 

EXECUTIVE DEFERRED COMPENSATION PLAN II 
 (As amended and restated effective as of January 1, 2012) 
 ARTICLE
1 
 PURPOSE 
 The purpose of the Church & Dwight Co., Inc. Executive Deferred Compensation Plan II (the “Plan”) is to provide a means whereby Church & Dwight Co., Inc. (the
“Company”) may afford increased financial security, on a tax-favored basis, to a select group of management or highly compensated employees of the Company or its Affiliates who have rendered and continue to render valuable services to the
Company or its Affiliates which constitute an important contribution towards the Company’s continued growth and success. 

ARTICLE 2 

DEFINITIONS 
 2.1 “Account” or “Accounts” mean the devices used by the Company to measure and determine the amounts to be paid to a Participant under the Plan. Separate Accounts will
be established for each Participant and as may otherwise be required to implement the Plan. 
 2.2 “Affiliate”
means any firm, partnership or corporation that (i) directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the Company or (ii) is otherwise authorized by the Board to be
considered an Employer for purposes of this Plan. 
 2.3 “Applicable Section 401(a)(17) Limit” means, with
respect to a Plan Year, the applicable dollar limitation for such Plan Year in effect under Section 401(a)(17) of the Code. 
 2.4 “Base Salary” means, with respect to a Participant for any Plan Year, such Participant’s annual base salary before reduction pursuant to this Plan or any plan or agreement of the
Employer whereby compensation is deferred, including, without limitation, a plan whereby compensation is deferred in accordance with Code Section 401(k) or reduced in accordance with Code Section 125. 

  
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 2.5 “Beneficiary” means the person or persons designated as such in
accordance with Section 12.2. 
 2.6 “Board” means the Board of Directors of the Company. 

2.7 “Bonus” means annual incentive compensation payments made from the Church & Dwight Co., Inc. Annual
Incentive Plan. 
 2.8 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

 2.9 “Committee” means the committee designated by the Board to administer the Plan. 

2.10 “Company” means Church & Dwight Co., Inc. 

2.11 “Company Stock” means the common stock of the Company. 

2.12 “Declared Rate” means the rate equal to the 120-month average of the 10-Year Treasury Note rate. 

2.13 “Deferral Commitment” means a deferral commitment made by a Participant to defer Base Salary and/or Bonus pursuant
to Article 5 for which an Enrollment Agreement has been submitted by an Eligible Employee to the Company. 
 2.14
“Earnings Crediting Options” mean the investment options which may be elected by a Participant from time to time pursuant to which notional earnings are credited to the Participant’s Account(s). 

2.15 “Effective Date” means the effective date of the Plan, which is January 1, 2005. 

2.16 “Eligible Employee” means an Employee who is eligible to make a Deferral Commitment for a Plan Year and/or to
receive a credit to his or her 401(k) Restoration Account or Profit Sharing Restoration Account for a Plan Year, pursuant to Sections 5.2 or 5.3, respectively. 

  
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 2.17 “Employee” means any person employed by the Company or an Affiliate on
a regular full-time salaried basis. 
 2.18 “Employer” means the Company and any of its Affiliates. 

2.19 “Enrollment Agreement” means the authorization form which an eligible individual files with the Company to
participate in the Plan. 
 2.20 “Fair Market Value” of Company Stock means (i) if the principal trading
market for the Company Stock is a national securities exchange, the last reported sale price of Company Stock on the relevant date or (if there were no trades on that date) the latest preceding date upon which a sale was reported, (ii) if the
Company Stock is not principally traded on such exchange, the mean between the last reported “bid” and “asked” prices of Company Stock on the relevant date, as reported on the OTC Bulletin Board, or (iii) if the Company
Stock is not publicly traded or, if publicly traded, is not so reported, the Fair Market Value per share shall be as determined by the Committee based on the reasonable application of a reasonable valuation method. 

2.21 “401(k) Restoration Account” means an Account into which a credit is made by the Company for a pay period in
accordance with Section 5.2. Notwithstanding anything contained herein to the contrary, a Participant’s 401(k) Restoration Account shall also be comprised of any amounts credited to such Participant’s 401(k) Restoration Account under
the Prior Plan that were not vested as of December 31, 2004. Such amounts from the Prior Plan shall be fully vested. 

2.22 “In-Service Distribution” means a distribution prior to termination of Service pursuant to Section 7.3.

 2.23 “In-Service Distribution Account” means an Account established pursuant to Section 7.3.

 2.24 “Investment Election Form” means the election form on which a Participant designates one or more
Earnings Crediting Options into which a Participant’s Accounts will be deemed invested and the percentages of such Accounts to be allocated to such Earnings Crediting Options. 

  
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 2.25 “Normal Distribution Account” means an Account established at the time
a Participant establishes a Deferral Commitment which provides for the distribution of a benefit following a Participant’s termination of Service. 
 2.26 “Participant” means an Eligible Employee who has one or more Accounts under the Plan. 
 2.27 “Plan” means the Church & Dwight Co., Inc. Executive Deferred Compensation Plan II, as amended from time to time. 

2.28 “Plan Year” means the calendar year beginning on January 1 and ending December 31. 

2.29 “Pre-Tax Contributions” means “Pre-Tax Contributions” as defined under the Tax-Qualified Plan.

 2.30 “Prior Plan” means the Church & Dwight Co., Inc. Executive Deferred Compensation Plan,
effective as of June 1, 1997. 
 2.31 “Profit Sharing Contributions” means “Profit Sharing
Contributions” as defined under the Tax-Qualified Plan. 
 2.32 “Profit Sharing Restoration Account” means
an Account into which a credit is made by the Company for a Plan Year in accordance with Section 5.3. Notwithstanding anything contained herein to the contrary, a Participant’s Profit Sharing Restoration Account shall also be comprised of
any amounts credited to such Participant’s Profit Sharing Restoration Account under the Prior Plan that were not vested as of December 31, 2004. Such amounts from the Prior Plan shall be fully vested. 

2.33 “Retirement” means, with respect to a Participant, the termination of the Participant’s Service with all
Employers for reasons other than death at any time on or after the date on which the Participant attains age 55 with five (5) years of Service or age 65 with one (1) year of Service. 

  
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 2.34 “Section 409A” shall mean Section 409A of the Code, and the
regulations and other guidance issued thereunder by the U.S. Department of Treasury or Internal Revenue Service. 
 2.35
“Service” means the period of time during which a full-time employment relationship exists between an Employee and the Employer, including any period during which the Employee is on an approved leave of absence, whether paid or
unpaid; provided, however, that an individual shall not be considered to have incurred a termination of Service for purposes of the Plan unless the individual has incurred a “separation from service” for purposes of Section 409A.

 2.36 “Tax-Qualified Plan” means the Church & Dwight Co., Inc. Savings and Profit Sharing Plan for
Salaried Employees. 
 2.37 “Termination Date” means the final date of termination of a Participant’s
Service with the Employer. 
 2.38 “Year” means a period of twelve consecutive calendar months. 

ARTICLE 3 

ADMINISTRATION OF THE PLAN 
 The Committee is hereby authorized to administer the Plan and establish, adopt, or revise such rules and regulations as it may deem necessary or advisable for the administration of the Plan. The Committee
shall have discretionary authority to construe and interpret the Plan and to determine the rights, if any, of Employees, Participants, Beneficiaries and other persons under the Plan. The Committee’s resolution of any matter concerning the Plan
shall be final and binding upon any Participant and Beneficiary affected thereby. Members of the Committee shall be eligible to participate in the Plan while serving as members of the Committee, but a member of the Committee shall not vote or act
upon any matter which relates solely to such member’s interest in the Plan as a Participant. 

  
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 ARTICLE 4 
 ELIGIBILITY 
 4.1 Eligibility. An Employee shall be eligible to make
a Deferral Commitment for a Plan Year, and/or to receive a credit to his or her 401(k) Restoration Account or Profit Sharing Restoration Account for a Plan Year, as follows: 
 4.2 Deferral Commitments and 401(k) Restoration Credits. An Employee who is employed at the level of Director or above shall be eligible for a Plan Year to make a Deferral Commitment pursuant to
Section 5.1 and/or receive a credit to his or her 401(k) Restoration Account under Section 5.2; provided, however, that, subject to Section 4.4, an Employee who has had a Deferral Commitment in effect for a prior Plan
Year shall continue to be eligible to make a Deferral Commitment, and receive a credit to his or her 401(k) Restoration Account, for a Plan Year even if he or she is employed at a position below the level of a Director. 

4.3 Profit Sharing Restoration Credits. An Employee shall be eligible to receive a credit of an amount to his or her Profit
Sharing Restoration Account for a Plan Year pursuant to Section 5.3 if he or she is employed by the Company or an Affiliate on the last day of such Plan Year at the level of Director or above or if he or she terminates employment during such
Plan Year due to death or Retirement; provided, however, that, subject to Section 4.4, an Employee who was a Participant of the Plan for any prior Plan Year shall continue to be eligible to have an amount credited to his or her
Profit Sharing Restoration Account for a Plan Year even if he or she is employed at a position below the level of a Director. 

4.4 Eligibility Limited to Management or Highly Compensated Employees. Notwithstanding anything contained herein to the contrary,
the Committee may refuse acceptance of an Employee’s Deferral Commitment for a Plan Year (before such Deferral 

  
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Commitment becomes effective for such Plan Year), and may prohibit amounts from being credited to an Employee’s 401(k) Restoration Account and Profit Sharing Restoration Account for a Plan
Year, if the Committee, in its sole discretion, determines that such Employee is not among a select group of management or highly compensated employees of the Company or its Affiliates, within the meaning of the Employee Retirement Income Security
Act of 1974, as amended. 
 ARTICLE 5 
 CREDITS 
 5.1 Deferral Commitment Credits. 

(a) An Eligible Employee under Section 4.2 may elect to make a Deferral Commitment for a Plan Year by submitting an Enrollment
Agreement to the Company during a period of time designated by the Committee that ends no later than the beginning of such Plan Year; provided, however, that with respect to any “performance-based compensation” (within the
meaning of Section 409A(a)(4) of the Code) based on services performed over a period of at least twelve (12) months, an Eligible Employee may make a Deferral Commitment by submitting an Enrollment Agreement to the Company with respect to
such compensation no later than six (6) months before the end of such period. Notwithstanding the foregoing, an Employee who is an Eligible Employee upon his or her commencement of employment with the Company or an Affiliate may commence
participation by submitting an Enrollment Agreement to the Company within thirty (30) days after the date of such commencement of employment. An Employee who becomes an Eligible Employee after his or her commencement of employment with the
Company or an Affiliate (e.g., due to a promotion) may commence participation effective the beginning of the next Plan Year. An Enrollment Agreement shall specify the percentages of Base Salary and/or Bonus that an Eligible Employee elects to have
reduced, and shall provide such other information as the Committee shall require. An Eligible Employee may elect in an Enrollment Agreement to establish a Deferral Commitment for a Plan Year to defer Base Salary or Bonus, as follows: 

(i) An Eligible Employee may elect to defer a portion of his or her Base Salary for the Plan Year. The amount to be
deferred shall be stated as a whole number percentage of Base Salary that is neither less than ten percent (10%) nor more than eighty-five percent (85%) of Base Salary. 

  
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 (ii) An Eligible Employee may elect to defer a portion of any Bonus amounts
to be paid to such Eligible Employee by the Company or an Affiliate for Services during the Plan Year. The amount to be deferred shall be stated in such manner as the Committee may permit. Except as provided above, bonus deferrals will begin with
Bonuses earned for Services performed during the Plan Year following submission of an Enrollment Agreement to the Company, unless otherwise permitted by the Committee. 

(iii) An Eligible Employee may designate a separate Deferral Commitment percentage for a Plan Year to be applied solely to
his or her “Net Compensation” to the extent such Net Compensation exceeds the Applicable Section 401(a)(17) Limit for such Plan Year (such election to be referred to as an “Excess Section 401(a)(17) Limit Deferral
Election”). An Eligible Employee’s “Net Compensation” for a Plan Year shall mean his or her compensation for the Plan Year that is taken into account under the Tax-Qualified Plan for purposes of determining Pre-Tax Contributions,
reduced by the amount of his her deferrals for the Plan Year made pursuant to Section 5.1(a)(i) or (ii) above. The amount to be deferred pursuant to an Excess Section 401(a)(17) Limit Deferral Election shall be stated as a whole
number percentage of no more than six percent (6%). 
 (b) The amount by which Base Salary and/or Bonus is reduced pursuant to
this Section 5.1 for a Plan Year shall be credited by the Company to a Participant’s Deferral Commitment Account on the dates that such Base Salary and/or Bonus would otherwise have been paid. 

  
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 (c) A Participant’s Deferral Commitment for a Plan Year (including a Deferral
Commitment that has automatically continued in accordance with this Section 5.1(c)) shall automatically continue in effect for the subsequent Plan Year unless the Participant files a new Enrollment Agreement changing the percentage of, or
stopping, such Deferral Commitment prior to the beginning of such subsequent Plan Year in accordance with Section 5.1(a). 

(d) A Participant’s Enrollment Agreement shall not apply to any deferrals which represent payments for Services performed prior to
the beginning of the first Plan Year to which such Enrollment Agreement applies. 
 (e) A Participant’s deferrals of Base
Salary and/or Bonus pursuant to a Deferral Commitment shall terminate upon the Participant’s termination of Service; provided, however, that such Deferral Commitment shall remain effective with respect to any Base Salary and/or
Bonus amounts earned through the date of his or her termination of Service. 
 (f) The Committee may further limit any minimum
or maximum amount deferred by any Eligible Employee or group of an Eligible Employees, or waive any minimum and maximum limits for any an Eligible Employee or group of an Eligible Employees, for any reason. 

(g) Except as provided above and this Section 5.1(g), Deferral Commitments shall be irrevocable. The Committee may, however, permit
a Participant to cancel a Deferral Commitment for the remainder of the Deferral Commitment upon a finding that the Participant has suffered an unforeseeable financial emergency as provided for in Article 9. 

5.2 401(k) Restoration Amounts. For each Plan Year, the Company shall make credits to the 401(k) Restoration Account of each
Eligible Employee under Section 4.2 in an amount equal to the sum of (i) three percent (3%) of the deferrals for such Plan Year made by such Eligible Employee pursuant to Section 5.1(a)(i) and (ii) of the Plan, plus
(ii) if the Eligible Employee makes an Excess Section 401(a)(17) Limit Deferral Election for the Plan Year 

  
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pursuant to Section 5.1(a)(iii), an amount equal to fifty percent (50%) of the amounts deferred pursuant to such Excess Section 401(a)(17) Limit Deferral Election. Amounts to be
credited to an Eligible Employee’s 401(k) Restoration Account pursuant to this Section 5.2 shall be credited on or about the time that the Company’s matching contributions would have been credited under the Tax-Qualified Plan had his
or her deferrals under this Plan been eligible for matching contributions under the Tax-Qualified Plan and/or if the Tax-Qualified Plan had not been subject to the Applicable Section 401(a)(17) Limit. 

A Participant’s interest in any amount credited to his or her 401(k) Restoration Account under this Section 5.2, and earnings
or interest thereon, shall be vested as provided in Section 6.9. Earnings or interest will be credited on the amount credited to a Participant’s 401(k) Restoration Account in accordance with the provisions of Sections 6.2, 6.4 and 6.5.

 5.3 Profit Sharing Restoration Amounts. For each Plan Year, the Company shall credit amounts in accordance with the
formula below to the Profit Sharing Restoration Account of each Employee who is an Eligible Employee for such Plan Year under Section 4.3. The amount credited to any such Eligible Employee’s Profit Sharing Restoration Account for each Plan
Year shall be equal to the excess of (i) the amount that would have been contributed under the Tax-Qualified Plan for the Plan Year had no limitations imposed by the Code been applicable (including the Applicable Section 401(a)(17) Limit)
and had the Eligible Employee’s covered “Compensation” (as defined by the Tax-Qualified Plan for purposes of determining allocations of Profit Sharing Contributions) included any deferrals made under Section 5.1 of this Plan by
the Eligible Employee for such Plan Year, over (ii) the amount actually contributed by the Company under the Tax-Qualified Plan as the Company’s Profit Sharing Contribution for the Plan Year. Such amounts shall be credited to a
Participant’s Profit Sharing Restoration Account no later than the end of the quarter following the time the Company’s Profit Sharing Contributions are credited under the Tax-Qualified Plan. 

  
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 A Participant’s interest in any amount credited to his or her Profit Sharing
Restoration Account under this Section 5.3, and earnings or interest thereon, shall be vested as provided in Section 6.9. Earnings or interest will be credited on the amount credited to a Participant’s Profit Sharing Restoration
Account in accordance with the provisions of Sections 6.2, 6.4 and 6.5. 
 ARTICLE 6 

ACCOUNTS 

6.1 Accounts. For record-keeping purposes, each Participant shall have one or more of the following Accounts under the Plan, as
applicable: 
 (a) a Deferral Commitment Account; 
 (b) a 401(k) Restoration Account; and 
 (c) a Profit Sharing Restoration Account.

 6.2 Earnings on Accounts. Except as provided in Section 6.5, a Participant’s Accounts shall be credited with
earnings in accordance with the Earnings Crediting Options elected by the Participant from time to time on an Investment Election Form. Participants may allocate their Accounts among the Earnings Crediting Options available under the Plan only in
whole percentages for any Earnings Crediting Option. The gross rate of return, positive or negative, credited under each Earnings Crediting Option is based upon the actual performance of the corresponding investment fund or shares of stock which the
Company may designate from time to time, and shall equal the total return of such investment fund or shares of stock net of asset based charges, including, without limitation, money management fees and fund expenses. Company Stock shall be an
Earnings Crediting Option, provided that a Participant may not allocate more than fifty percent (50%) of his or her Deferral Commitments to the Company Stock Earnings Crediting Option. Notwithstanding the foregoing, effective on and after
May 1, 2012, unless otherwise permitted by the Committee, a Participant may not (i) elect to have any 

  
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portion of an In-Service Distribution Account that is allocated to the Company Stock Earnings Crediting Option reallocated to any other Earnings Crediting Option, or (ii) elect to have any
portion of an In-Service Distribution Account allocated to the Company Stock Earnings Crediting Option from another Earnings Crediting Option. To the extent that a Participant’s Accounts are deemed invested in shares of Company Stock, any cash
dividends that would have been paid with respect to such shares had such Account actually been invested in Company Stock shall be credited to the Participant’s Accounts and deemed reinvested in shares of Company Stock on the date that the
dividends are paid based on the Fair Market Value of a share of Company Stock on such date. If any dividends are paid in shares of Company Stock, the Participant’s Account shall be credited with such number of shares of Company Stock as would
have been received had the Participant’s Account actually been invested in shares of Company Stock. If a Participant does not designate an Earnings Crediting Option for an Account, the Account shall be credited with interest in accordance with
Section 6.5(a). 
 The Company, by action of the Committee, reserves the right, on a prospective basis, to add or delete
Earnings Crediting Options, or to disregard a Participant’s investment allocations and credit the Participant’s Account with a fixed rate of interest determined in the Committee’s sole discretion; provided, however, that
any such change in the Earnings Crediting Options available under the Plan, including the crediting by the Company of a fixed rate of interest in place of a Participant’s investment allocations, shall only affect the rate at which earnings will
be credited to a Participant’s Account in the future, and will not affect the existing value of a Participant’s Account, including any earnings credited under the Plan up to the date of such change. 

6.3 Earnings Crediting Options. Except as otherwise provided pursuant to Section 6.2, the Earning Crediting Options available
under the Plan shall consist of the options selected by the Committee, in its sole discretion. Notwithstanding that the gross rates of return credited to Participants’ Accounts under the Earnings Crediting Options are based upon the actual

  
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performance of the investment funds as the Committee may designate, the Company shall not be obligated to invest any Base Salary and/or Bonus deferred by Participants under this Plan, or any
other amounts, in such investment funds. 
 6.4 Changes in Earnings Crediting Options. Subject to such administrative
procedures as the Committee shall prescribe and Section 6.2, a Participant (as well as a Participant or Beneficiary who is receiving installment distributions pursuant to Section 7.2(a)(i) or Section 7.3) may change the Earnings
Crediting Options for his or her Accounts as frequently as the Committee may permit by filing a new Investment Election Form with the Committee or its designated representatives. Any such changes made by a Participant will apply to the allocation of
the Participant’s existing Account balances and/or to new deferrals under the Plan, as elected by the Participant. Subject to such administrative procedures as the Committee shall prescribe, any changes set forth in a new Investment Election
Form that is filed with the Committee or its designated representatives shall be effective in accordance with administrative practices established or approved by the Committee. Any changes in election of Earnings Crediting Options must be in whole
percentages. To the extent that a Participant reallocates existing Account balances into Company Stock, the number of shares of Company Stock credited to the Participant’s Account shall be based on the Fair Market Value of a share of Company
Stock on the date such reallocation is effected. Likewise, to the extent that a Participant reallocates existing Account balances from Company Stock into one or more other Earning Crediting Options, the value of the shares of Company Stock
reallocated shall be deemed to be equal the Fair Market Value of such shares of Company Stock on the date such reallocation is effected. 
 Notwithstanding any other provision in this Plan, if a Participant is or may be subject to Section 16 of the Securities Exchange Act of 1934 (the “Act”) and Rule 16b-3, such Participant may
change his or her Earnings Crediting Options into or out of Company Stock only if the Committee or its delegate (which may be the Company’s General Counsel), in its, his or her sole 

  
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discretion, finds that such Participant’s change of Earnings Crediting Options into or out of Company Stock is entitled to the exemption benefits of Rule 16b-3(f) or other exemptive rules
under Section 16 of the Act. In addition, whenever the Company has imposed a moratorium on trading in Company Stock, such moratorium shall apply to the changing of Earning Crediting Options into or out of Company Stock under this Plan to the
extent attributable to then existing Account balances; a Participant shall still be permitted to change allocations with respect to future deferrals. 
 6.5 Interest on Accounts. Notwithstanding any other provision of the Plan, a Participant’s Accounts shall be credited with interest, as follows: 

(a) If a Participant does not designate an Earnings Crediting Option for an Account while employed with an Employer, such Account shall
be credited with interest, compounded daily, based on such money market rate or rate of return of such short-term investment fund as is designated by the Committee. 

(b) Except as provided in this Section 6.5(b), following a Participant’s Retirement, the Participant’s
Accounts will no longer be credited with earnings in accordance with Section 6.2. Instead, for each Plan Year, the Participant’s Accounts will be credited with one hundred fifteen percent (115%) of the Declared Rate in effect as of
the September 30th that immediately precedes such
Plan Year, compounded annually. However, to the extent that a Participant has elected to receive annual installments of his or her Accounts in accordance with Section 7.2(a)(i), such Participant’s Accounts will continue to be credited with
earnings during the installment distribution period in accordance with Section 6.2 (or interest in accordance with Section 6.5(a) if no Earnings Crediting Option is designated). If a Participant receiving annual installment payments as
provided under Section 7.2(a)(i) dies before all of the installment payments have been made to him or her, after the Participant’s death the Participant’s Accounts will continue to be credited with earnings in accordance with
Section 6.2 based on the Earnings Crediting Options elected by the Participant’s Beneficiary (or interest in accordance with Section 6.5(a) if 

  
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no Earnings Crediting Option is designated). Unless and until changed by the Beneficiary, the Earnings Crediting Options in effect at the time of the Participant’s death shall remain in
effect, subject to such changes as the Committee may impose. 
 6.6 Valuation of Accounts. The value of a
Participant’s Accounts as of any date shall equal the amounts theretofore credited to such Accounts, including any earnings, interest and losses deemed to be earned on such Accounts in accordance with Sections 6.2 and 6.5 through the day
preceding such date, less the amounts theretofore distributed from such Accounts. 
 6.7 Statement of Accounts. The
Committee shall provide or make available to each Participant, not less frequently than annually, a statement in such form as the Committee deems desirable setting forth the balance standing to the credit of the Participant in his or her Accounts.

 6.8 Distribution of Accounts. Any distribution made to or on behalf of a Participant in an amount which is less than
the entire balance of his or her Accounts shall be made pro rata from each of the Earnings Crediting Options to which such Accounts are then allocated, unless another manner of allocation is approved by the Committee in its discretion. 

6.9 Vesting of Accounts. Each Participant shall be one hundred percent (100%) vested at all times in the amounts credited to
such Participant’s Deferral Commitment Account. A Participant’s interest in any credit to his or her 401(k) Restoration Account or his or her Profit Sharing Restoration Account (and earnings or interest thereon), respectively, shall vest
at the same rate and at the same time as vesting occurs under the Tax-Qualified Plan with respect to “Matching Contributions” and Profit Sharing Contributions, respectively. 

ARTICLE 7 

BENEFITS TO PARTICIPANTS 
 7.1 Distributions Generally. 
 (a) Deferral Commitment Accounts. For
each Plan Year that a Participant has a Deferral Commitment in effect, the Participant may elect in the Enrollment Agreement for such 

  
 - 15 -

 
Plan Year to have his or her related Deferral Commitment Account attributable to such Deferral Commitment further credited to a Normal Distribution Account or an In-Service Distribution Account.
In addition, the Participant may make such further distribution elections on such Enrollment Agreement as are available under the Plan. A Participant may make a different distribution election each Plan Year with respect to his or her Deferral
Commitment Account for such Plan Year. In the absence of a timely election by a Participant, the distribution election(s) made by the Participant in his or her most recently filed Enrollment Agreement shall continue in effect. 

(b) 401(k) Restoration and Profit Sharing Restoration Accounts. A Participant’s 401(k) Restoration Account and Profit Sharing
Restoration Account for a Plan Year shall be further credited to his or her Normal Distribution Account for such Plan Year, for distribution in accordance with Section 7.2. For each Plan Year that amounts are credited to a Participant’s
401(k) Restoration Account and/or Profit Sharing Restoration Account, the Participant may file an Enrollment Agreement with the Committee pursuant to which he or she may elect any of the distribution options available under Section 7.2. If a
Participant does not have an Enrollment Agreement on file with the Committee with respect to amounts credited to his or her 401(k) Restoration Account and/or Profit Sharing Restoration Account for a Plan Year, then such Participant shall be deemed
to have elected to have his or her Normal Distribution Account with respect to such amounts distributed in a lump sum within thirty days following the date that is six months following the Participant’s Termination Date. 

Notwithstanding anything contained herein to the contrary, an Eligible Employee who has not previously made a Deferral Commitment nor had
an amount credited to his or her 401(k) Restoration Account and/or Profit Sharing Restoration Account may file an Enrollment Agreement before the first Plan Year for which his or her 401(k) Restoration Account and/or Profit Sharing Restoration
Account is credited with an amount in accordance with Section 5.2 and/or 5.3 in order to elect the Normal Retirement Account distribution options available with 

  
 - 16 -

 
respect to such Accounts; provided, however, that there is no assurance that an Employee who files an Enrollment Agreement shall be entitled to a credit to his or her 401(k)
Restoration Account and/or Profit Sharing Restoration Account. If an Eligible Employee does not file an Enrollment Agreement before the first Plan Year for which a credit is made to his or her 401(k) Restoration Account and/or Profit Sharing
Restoration Account, then his or her Normal Retirement Account attributable to credits for such first Plan Year shall be distributed in a lump sum within thirty days following the date that is six months following the Participant’s Termination
Date. 
 7.2 Distribution of Normal Distribution Accounts. 

(a) Following Termination of Service Due to Retirement. If a Participant terminates Service with the Employer on account of his or
her Retirement, the Participant’s Normal Distribution Accounts shall be distributed in (i) a lump sum or (ii) annual installment payments over two (2) to twenty (20) years, as elected by the Participant on an election form
prescribed by the Committee and filed at the time such Participant files an Enrollment Agreement with respect to such Account. If a Participant fails to make a distribution election with respect to a Normal Distribution Account, such Account shall
be distributed in a lump sum within thirty days following the date that is six months following the Participant’s Termination Date. 
 A Participant may elect in such election form to have the lump sum or annual installment payments which are payable following Retirement commence in January of the year following Retirement or in January
of any year that is not more than then two (2) years following Retirement; provided, however, that, distribution to a Participant shall, if later than the date elected by the Participant, be made within thirty days following the
date that is six months after the date of such Participant’s separation from Service. A Participant who elects annual installments with respect to a Normal Distribution Account shall, at the time such Participant files an Enrollment Agreement,
select the method of determining the installment payment amounts. The available methods are as follows: 
 (i)
The Fractional Method. The initial installment payment shall be in an amount equal to (a) the value of the particular Account as of the last business day of the month preceding the date of payment, divided by (b) the number of
annual installment payments elected by the Participant. The remaining annual installments shall be paid in January of each succeeding year in an amount equal to (A) the value of such Account as of the last business day of the immediately
preceding year, divided by (B) the number of installments remaining. During the installment payment period, a Participant’s Normal Distribution Account will continue to be credited with earnings in accordance with Section 6.2 (or
interest in accordance with Section 6.5(a) if no Earnings Crediting Option is designated). 

  
 - 17 -

 (ii) The Amortized Method. Under the amortized
method, substantially equal annual installment payments of principal and interest shall be calculated by amortizing the value of the Account balance as of the date of the Participant’s Retirement, based on a rate equal to one hundred fifteen
percent (115%) of the Declared Rate in effect as of the September 30th that immediately precedes the Plan Year in which payments are to begin, compounded annually. After the initial installment payment, the remaining annual installments shall be paid in January of each
succeeding year. Each such subsequent annual installment payment amount for each Plan Year following the first installment distribution shall be recalculated (reamortized) based on (x) the value of the Account as of the last business day of the
Plan Year prior to the applicable installment payment, (y) one hundred fifteen percent (115%) of the Declared Rate in effect as of the September 30th that immediately precedes the Plan Year in which the installment payment occurs, compounded annually, and (z) the
remaining number of installment payments due (including the installment payment to which the recalculation applies). In accordance with Sections 6.2 and 6.5, once installment payments of a Participant’s Normal Distribution Account commence,
such Normal Distribution 

  
 - 18 -

 
Account shall not be eligible for earnings to be credited in accordance with Section 6.2. Instead, from and after the Participant’s Retirement, and each Plan Year thereafter until
distributed in full, the Participant’s Normal Distribution Account will be credited with notional interest in an amount equal to one hundred fifteen percent (115%) of the Declared Rate in effect as of the September 30th that immediately precedes the Plan Year with respect to which such
interest accrues, compounded annually. 
 A Participant may file a new election for payment of any of his or her Normal
Distribution Accounts, which will supersede his or her original election, at any time more than twelve (12) months preceding his or her Retirement; provided, however, that, except as set forth in Section 7.4, no such new
election shall be effective unless the first payment with respect to such new election is deferred for a period of not less than five (5) years after the date payment would have been made had such new election not been filed. Any subsequent
election which is made less than twelve (12) months prior to Retirement will be null and void, and the Participant’s next preceding timely election will be reinstated. A change in the method of determining installment payments between the
Fractional Method and the Amortized Method described below shall be considered a new election. 
 (b) Distribution Following
Termination of Service Other Than Due to Retirement. If a Participant terminates Service with the Employer prior to the earliest date on which he or she is eligible for Retirement, other than on account of his or her death, the
Participant’s Normal Distribution Account shall be distributed in a lump sum in January of the year following the Participant’s Termination Date or, if later, within thirty days following the date that is six months after the date of such
Participant’s separation from Service. 
 (c) Distribution if Participant Dies Before Payments Have Commenced. If a
Participant dies before distribution of his or her Normal Distribution Account has been paid or commences, such Normal Distribution Account shall be distributed in accordance with Article 8 (Survivor Benefits). 

  
 - 19 -

 (d) Distribution if Participant Dies After Payments Have Commenced. If a Participant
dies after installment payments of his or her Normal Distribution Account has commenced, the Company will continue to pay to the Participant’s Beneficiary the remaining installments of any such benefit that would have been paid to the
Participant had the Participant survived. 
 7.3 Distribution of In-Service Distribution Accounts. A Participant may
elect to defer all or a portion of his or her Deferral Commitment for a Plan Year that ends on or before December 31, 2011 into an In-Service Distribution Account and receive distributions from such In-Service Distribution Account prior to
termination of Service (“In-Service Distribution”) subject to the following restrictions: 
 (a) Timing of
Election. The election to receive an In-Service Distribution from an In-Service Distribution Account must be made prior to the commencement of the period in which the related deferred Base Salary and/or Bonuses are to be earned. A separate
In-Service Distribution Account shall be established with respect to Deferral Commitments for each Plan Year. 
 (b) Amount
of Withdrawal. The entire In-Service Distribution Account must be paid out at the time and in the form elected by the Participant when the In-Service Distribution Account is established. 

(c) Timing and Form of In-Service Distribution. An In-Service Distribution of an In-Service Distribution Account shall be paid in
(i) a single lump sum or (ii) annual installments over two (2) to four (4) years, computed and paid in accordance with the “Fractional Method” set forth in Section 7.2(a)(i). Such In-Service Distribution shall
commence at the time elected by the Participant in the election form in which the In-Service Distribution Account is elected; provided, however, that in no event shall distribution of an In-Service Distribution Account be made or
commence prior to the completion of three (3) Plan Years following the start of deferrals into such In-Service Distribution Account. If a Participant elects to receive his or her 

  
 - 20 -

 
In-Service Distribution in annual installments, the Participant’s In-Service Distribution Account will continue to be credited with earnings during the installment payment period in
accordance with Section 6.2 (or interest in accordance with Section 6.5(a) if no Earnings Crediting Option is designated). Notwithstanding anything contained herein to the contrary, a Participant may file a new election with respect to the
time and/or form of payment of an In-Service Distribution Account, which will supersede his or her prior election with respect to such In-Service Distribution Account, at any time more than twelve (12) months preceding the date on which
distribution of such In-Service Distribution Account would be made or commence if not for the new election; provided, however, that, except as set forth in Section 7.4, no such new election shall be effective unless distribution
thereunder is made or commences to be made no earlier than five (5) years after the date distribution would have been made or commenced had such new election not been filed. 

If a Participant terminates employment with the Company after installment distributions of his or her In-Service Distribution Account
have commenced (regardless of the reason for such termination), such installments shall continue to be made in accordance with the Participant’s election to the Participant or, in the event of the Participant’s death, to his or her
Beneficiary. If a Participant terminates employment with the Company before installment distributions of his or her In-Service Distribution Account have commenced, the balance of the Participant’s In-Service Distribution Account shall,
notwithstanding the Participant’s election, be paid to the Participant (or to his or her Beneficiary in the event of the Participant’s death) in January of the year following such termination of Service in a lump sum or, if later, within
thirty days following the date that is six months after the date of such Participant’s separation from Service; provided, however, that if the Participant incurs a separation from Service due to Retirement, then his or her
In-Service Distribution Account shall, notwithstanding the Participant’s election, be paid out in the same form and at the same time as set forth in his or her corresponding Normal Distribution Account election. For purposes of the foregoing, a

  
 - 21 -

 
Participant’s corresponding Normal Distribution Account election refers to the distribution election made (or deemed made) by the Participant for his Normal Distribution Account that is
established (or deemed established) for the same year in which the related In-Service Distribution Account of the Participant is established. 
 7.4 Amendment of Deferral Elections Pursuant to IRS Notice 2006-79 and Notice 2007-86. Notwithstanding anything contained in the Plan to the contrary, a Participant shall be permitted to change any
election under the Plan as to the time and/or form of payment to the extent permitted by IRS Notice 2006-79 and/or Notice 2007-86 by filing a change of election with the Administrator at such time and in such form as the Administrator may permit,
but in any event such change of election must be filed with the Administrator by no later than December 31, 2008. Any such change of election filed by December 31, 2007 may apply only to amounts that would not otherwise be payable during
2007 and may not cause an amount to be paid in 2007 that would not otherwise have been paid in 2007. With respect to a change of election made during 2008, the election shall only apply to amounts that would not otherwise be payable in 2008 and may
not cause an amount to be paid in 2008 that would not otherwise be payable in 2008. 
 ARTICLE 8 

SURVIVOR BENEFITS 
 If a Participant dies after reaching Retirement eligibility but before commencement of payment of retirement benefits with respect to his or her Normal Distribution Accounts, the Employer shall pay to the
Participant’s Beneficiary such Account balances. Payments shall be made or commence within sixty (60) days after the Participant’s death, irrespective of when retirement benefits would have commenced if the Participant had survived.
Such payments shall be made in accordance with the method of payment the Participant elects in the designation of form of retirement benefit payments for, and in accordance with the terms and conditions applicable to, his or her Normal Distribution
Accounts. 

  
 - 22 -

 If a Participant dies before reaching Retirement eligibility and before commencement of
payment of termination benefits with respect to his or her Normal Distribution Accounts, the Employer shall pay to the Participant’s Beneficiary such Account balances. Payments shall be made or commence within sixty (60) days after the
Participant’s death, irrespective of when benefits would have commenced if the Participant had survived. Such payments shall be made in accordance with the method of payment the Participant elected in the designation of form of survivor benefit
payments for his or her Normal Distribution Accounts. The available forms of payment of survivor benefits for Participants who have not reached Retirement eligibility are (a) lump sum or (b) annual installments over 3, 5 or 10 years which
shall be computed in the same manner as set forth in Section 7.2(a)(i). If a Participant elects annual installments, after the initial annual installment payment, the remaining annual installments shall be paid in January of each succeeding
year. Notwithstanding anything contained in the Plan to the contrary, a Participant may at any time file a new election with respect to the form of payment of any survivor benefits, which will supersede his or her prior election with respect to the
form of payment of such benefits, provided that, except as set forth in Section 7.4, no such new election shall be effective (and any such attempted election shall be void) unless it is filed more than twelve (12) months preceding the date
of the Participant’s death. 
 Notwithstanding the foregoing, and irrespective of the Participant’s election, if the
aggregate amount payable as a survivor benefit is less than the applicable dollar limit under Section 402(g)(1)(B) of the Code, then such benefits shall be paid in a lump sum. If no election is made, survivor benefits shall be paid out in a
lump sum. 

  
 - 23 -

 ARTICLE 9 
 EMERGENCY BENEFIT 
 In the event that the Committee, upon written request
of a Participant, determines, in its sole discretion, that the Participant has suffered an unforeseeable financial emergency, the Company shall pay to the Participant, as soon as practicable following such determination, an amount necessary to meet
the emergency, after deducting any and all taxes as may be required to be withheld pursuant to Section 12.6 (the “Emergency Benefit”). For purposes of the Plan, an unforeseeable financial emergency means a severe financial hardship to
the Participant resulting from an illness or accident of the Participant, the Participant’s spouse or a dependent (as defined in Section 152 of the Code, without regard to Section 152(b)(1), (b)(2) and (d)(1)(B) thereof) of the
Participant, loss of the Participant’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance, for example, not as a result of a natural disaster), or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, as determined by the Committee subject to applicable law. The need to pay funeral expenses of a spouse, a beneficiary or a dependent
(as defined above) may also constitute an unforeseeable financial emergency. The amount distributed with respect to an emergency may not exceed the amount necessary to satisfy such emergency plus an amount necessary to pay taxes reasonably
anticipated as a result of the distribution, after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the
extent the liquidation of such assets would not itself cause severe financial hardship). Cash needs arising from foreseeable events such as the purchase of a house or education expenses for children shall not be considered to be the result of an
unforeseeable financial emergency. Notwithstanding anything contained herein to the contrary, unless otherwise expressly approved by the Committee, in no event may payment of an Emergency Benefit, to the extent funded by liquidation of the Company
Stock Earnings 

  
 - 24 -

 
Crediting Option, be made within six months following any election by the Participant to have any existing Account balances under this Plan or the Prior Plan, respectively, reallocated to the
Company Stock Earnings Crediting Option. 
 Notwithstanding anything in this Plan to the contrary, a Participant who receives an
Emergency Benefit in any Plan Year shall not be entitled to make any further deferrals for the remainder of such Plan Year. 

ARTICLE 10 

SETTLEMENT AND VALUATION 
 10.1 Distributions in Cash; Valuation for Lump Sum Distributions. All distributions under the Plan shall be made in cash. Notwithstanding anything contained in the Plan to the contrary, the amount
of a Participant’s Account(s) to be distributed in a lump sum under Articles 7, 8 or 9 shall be equal to the value of such Account(s) as of the last business day of the month preceding the month in which the distribution occurs. 

ARTICLE 11 

CLAIM PROCEDURES 
 11.1 Submission of Claim. An Employee, Participant, Beneficiary or other person who believes that he or she has been denied a benefit under the Plan to which he or she is entitled (hereinafter
referred to as a “Claimant”) may file a written request for such benefit with the Committee. The request must be addressed to the “Committee of the Executive Deferred Compensation Plan” and delivered to the General Counsel of the
Company. 
 11.2 Notice of Denial of Claim. If a claim for benefits under this Plan is denied in whole or
in part, the Committee shall provide notice to the claimant in writing of the denial within ninety (90) days after the Committee’s receipt of the claim. However, if special circumstances require an extension of time for processing the
initial claim, a written notice of the 

  
 - 25 -

 
extension and the reason therefore shall be furnished to the Claimant before the end of the initial ninety (90) day period. In no event shall such extension exceed ninety (90) days. The
notice shall be written in a manner calculated to be understood by the Claimant and shall include: 
 (a) the specific reason or
reasons for the denial; 
 (b) specific reference to the pertinent Plan provisions on which the denial is based; 

(c) a description of any additional material or information necessary for the Claimant to perfect the claim and an explanation of why
such material or information is necessary; and 
 (d) a statement that any appeal of the denial must be made by providing to the
Committee, within sixty (60) days after receipt of the notice of denial, written notice of such appeal, such notice to include a full description of the pertinent issues and the basis of the claim. If the Claimant fails to appeal such denial to
the Committee in writing within the prescribed period of time, the Committee’s adverse determination shall be final, binding and conclusive. 
 11.3 Review of Denial of Claim. If the Committee receives from a Claimant, within the prescribed period of time, a notice of an appeal of the denial of a claim for a benefit, such notice and all
relevant materials shall immediately be submitted to the Compensation & Organization Committee of the Board. The Compensation & Organization Committee’s decision on review shall be made within sixty (60) days of receipt
of request for review, unless special circumstances require an extension of time for processing, in which case a decision shall be rendered as soon as possible, but not later than one-hundred twenty (120) days after receipt of the request for
review. If such extension of time is required, written notice of the extension shall be furnished to the Claimant before the end of the original sixty (60) day period. The decision on review shall be made in writing, shall be written in a
manner calculated to be understood by the Claimant, and shall include: 
 (a) the specific reason or reasons for the denial;

 (b) specific references to the provisions of the Plan on which the denial is based; 

  
 - 26 -

 (c) 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 which (i) was relied upon by the Compensation & Organization Committee in making its decision, or (ii) was submitted, considered or generated in the
course of such Committee’s decision, without regard to whether such instrument was actually relied upon by such Committee in making its decision. 
 If the decision on review is not furnished within the time specified above, the claim shall be deemed denied on review. 
 ARTICLE 12 
 MISCELLANEOUS 

12.1 Amendment or Termination. The Plan may be amended, suspended, discontinued or terminated at any time by the Board, or by any
other committee or entity authorized by the Board; provided, however, that no such amendment, suspension, discontinuance or termination shall reduce or in any manner adversely affect the rights of any Participant with respect to
benefits that are payable or may become payable under the Plan based upon the balance of the Participant’s Account as of the effective date of such amendment, suspension, discontinuance or termination unless any such action is taken in order
for the Plan to comply with the requirements of Section 409A or any other law and to carry out the intent and purposes of the Plan. Upon termination of the Plan, the Board may distribute all Accounts in accordance with Treasury Regulation
§1.409A-3(j)(4)(ix). 
 12.2 Designation of Beneficiary. Each Participant may designate a Beneficiary or
Beneficiaries (which Beneficiary may be an entity other than a natural person) to receive any payments which may be made following the Participant’s death. Such designation may be changed or canceled at any time without the consent of any such
Beneficiary. Any such designation, change or cancellation must be made in a form approved by the Committee and 

  
 - 27 -

 
shall not be effective until received by the Committee, or its designee. If no Beneficiary has been named, or the designated Beneficiary or Beneficiaries shall have predeceased the Participant,
the Beneficiary shall be the Participant’s estate. 
 12.3 Limitation of Participant’s Right. Nothing in this
Plan shall be construed as conferring upon any Participant any right to continue in the employment of the Employer, nor shall it interfere with the rights of the Employer to terminate the employment of any Participant and/or take any personnel
action affecting any Participant without regard to the effect which such action may have upon such Participant as a recipient or prospective recipient of benefits under the Plan. 

12.4 Obligations to Employer. If a Participant becomes entitled to a distribution of benefits under the Plan, and if at such time
the Participant has outstanding any debt, obligation, or other liability representing an amount owing to the Employer, then the Employer may offset such amount owed to it against the amount of benefits otherwise distributable. Such determination
shall be made by the Committee. 
 12.5 Nonalienation of Benefits. Except as expressly provided herein, no Participant or
Beneficiary shall have the power or right to transfer otherwise than by will or the laws of descent and distribution, alienate, or otherwise encumber the Participant’s interest under the Plan. The Company’s obligations under this Plan are
not assignable or transferable except to (a) a corporation which acquires all or substantially all of the Company’s assets or (b) any corporation into which the Company may be merged or consolidated. The provisions of the Plan shall
inure to the benefit of each Participant and the Participant’s Beneficiaries, heirs, executors, administrators or successors in interest. Notwithstanding the foregoing or anything contained in the Plan to the contrary, distribution of a
Participant’s Account may be accelerated to the extent necessary to fulfill a domestic relations order (as defined in Section 414(p)(1)(B) of the Code). Unless such an order otherwise specifies, any accelerated payment of a
Participant’s Accounts shall be deemed to apply to the latest payments to be paid from such Accounts in such manner as the Committee deems, in its sole discretion, appropriate. 

  
 - 28 -

 12.6 Withholding Taxes. The Company may make such provisions and take such actions as
it may deem necessary or appropriate for the withholding of any taxes which the Company is required by any law or regulation of any governmental authority, whether Federal, state or local, to withhold in connection with any benefits under the Plan,
including, but not limited to, (a) the withholding of appropriate sums from any amount otherwise payable to the Participant (or his or her Beneficiary) or (b) making arrangements with the Participant prior to any deferral or any payments
from the Plan for payment of all such Federal, State or local taxes that are required to be withheld. Each Participant, however, shall be responsible for the payment of all individual tax liabilities relating to any such benefits. 

12.7 Use of Electronic Media. Any form, notice or other communication specified under the Plan may, in the discretion of the
Committee, be provided and accepted in any electronic or telephonic medium acceptable to the Committee, including without limitation, via email or over the Internet. 
 12.8 Trust Fund. The employer shall be responsible for the payment of all benefits provided under the Plan. At its discretion, the Company may establish one or more trusts, with such trustees as
the Board or the Committee may approve, for the purpose of providing for the payment of such benefits. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the Company’s creditors. To the extent any
benefits provided under the Plan are actually paid from any such trust, the Employer shall have no further obligation with respect thereto, but to the extent not so paid, such benefits shall remain the obligation of, and shall be paid by, the
Employer. 
 12.9 Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan of deferred
compensation for Participants. Benefits payable hereunder shall be payable out of the general assets of the company, and no segregation of any assets whatsoever for such benefits 

  
 - 29 -

 
shall be made. With respect to any payments not yet made to a Participant, nothing contained herein shall give any such participant any rights that are greater than those of a general creditor of
the Company. 
 12.10 Severability. If a provision of this Plan is held unenforceable, the remainder of the Plan shall
continue in full force and effect without regard to such unenforceable provision and shall be applied as though the unenforceable provision were not contained in the Plan. 
 12.11 Governing Law. The plan shall be construed in accordance with and governed by the laws of the State of New Jersey, without reference to the principles of conflict laws. 

12.12 Headings. Headings are inserted in this Plan for convenience of reference only and are to be ignored in the construction of
the provisions of the Plan. 
 12.13 Gender, Singular and Plural. All pronouns and any variations thereof shall be deemed
to refer to the masculine, feminine, or neuter, as the identity of the person or persons may require. As the context may require, the singular may be read as the plural and the plural as the singular. 

12.14 Notice. Any notice or filing required or permitted to be given to the Committee under the Plan shall be sufficient if in
writing and hand delivered or sent by registered or certified mail, to the Committee or to such representatives as the Committee may designate from time to time. Such notice shall be deemed given as to the date of delivery or, if delivery is made by
mail, as of the date shown on the postmark on the receipt for registration or certification. 
 12.15 Arbitration. In the
event that a Claimant’s claim is denied pursuant to the procedure set forth in Article 11 hereof, any controversy or claim arising out of or relating to this Plan shall be settled by binding arbitration in Princeton, New Jersey, in accordance
with the Employment Dispute Resolution Rules of the American Arbitration Association. The parties shall seek to agree upon appointment of the arbitrator and the arbitration procedures. If the parties are unable to reach an agreement, a single
arbitrator shall be appointed pursuant to the AAA Employment Dispute Resolution Rules, and the arbitrator shall determine the arbitration 

  
 - 30 -

 
procedures. Any award pursuant to such arbitration shall be included in a written decision which shall state the legal and factual reasons upon which the award was based, including all the
elements involved in the calculation of any award of damages. Any such award shall be deemed final and binding and may be entered and enforced in any state or federal court of competent jurisdiction. The arbitrator shall interpret the Plan in
accordance with the laws of New Jersey. Each party shall pay its own fees and expenses incurred in any arbitration under this Plan. 
 12.16 Section 409A Compliance. This Plan shall be interpreted to avoid any penalty sanctions under Section 409A. If any payment or benefit cannot be provided or made at the time specified
herein without incurring sanctions under Section 409A, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. For purposes of Section 409A, each payment made under
this Plan shall be treated as a separate payment. Except to the extent expressly permitted by the Plan, in no event may a Participant, directly or indirectly, designate the calendar year of payment. 

[Signature Page Follows] 

  
 - 31 -

 IN WITNESS WHEREOF, the Company has caused this Plan to be executed on
this 1st day of January, 2012. 

 

			
	CHURCH & DWIGHT CO., INC.
		
	By:	 	 /s/ Jacquelin J. Brova

  

	
	WITNESS:
	  
  

  
 - 32 -Change in Control and Severance Agreement

 Exhibit 10.17 
 CHANGE IN CONTROL 
 AND SEVERANCE AGREEMENT 

THIS AMENDED AND RESTATED CHANGE IN CONTROL AND SEVERANCE AGREEMENT, dated as of December 31, 2011 (this
“Agreement”), is made by and between Church & Dwight Co., Inc, a Delaware corporation (the “Company”), and Patrick D. de Maynadier (the “Executive”). 

WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continued employment of key executive
management personnel; and 
 WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the
possibility of a Change in Control (as defined in Section 1.5 below) of the Company exists from time to time and that such possibility, and the uncertainty, instability and questions that it may raise for and among key executive management
personnel, may result in the premature departure or significant distraction of such management personnel to the material detriment of the Company and its shareholders; and 
 WHEREAS, the Board has determined that protection of the Executive’s earned benefits, compensation and severance payments are the most efficient means to eliminate any such conflict in regards to the
Executive; and 
 NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the
Executive intending to be legally bound, hereby agree as follows: 
 1. Definitions. For purposes of this Agreement, the following terms
shall have the meanings set forth below: 
 1.1. “Affiliate” shall mean, other than the Company, (i) any
corporation in an unbroken chain of corporations beginning with the Company, which owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain;
(ii) any corporation, trade or business (including, without limitation, a partnership or limited liability company) which is controlled fifty percent (50%) or more (whether by ownership of stock, assets or an equivalent ownership interest
or voting interest) by the Company or one of its Affiliates; or (iii) any other entity, approved by the Board as an Affiliate, in which the Company or any of its Affiliates has a material equity interest. 

1.2. “Annual Base Salary” shall mean the Executive’s rate of regular base annual compensation prior to any
reduction under (i) a salary reduction agreement pursuant to Section 401(k) or Section 125 of the Code or (ii) any other plan or arrangement deferring any base salary, and shall not include (without limitation) cost of living
allowances, fees, retainers, reimbursements, bonuses, incentive awards, prizes or similar payments. 
 1.3.
“Board” shall mean the Board of Directors of the Company. 

 1.4. “Cause” shall mean Executive’s dishonesty, fraud, willful
misconduct or refusal to follow or comply with the lawful direction of the Company (for any reason other than illness or incapacity and provided such refusal is not based on Employee's good faith compliance with applicable legal or ethical
standards), as determined by the Board in its sole discretion. 
 1.5. “Change in Control” shall be deemed to
have occurred if: 
 1.5.1. any Person becomes the beneficial owner (as defined in Rule 13(d)-3 under the Exchange Act) of
shares of Common Stock representing more than fifty percent (50%) of the total number of votes that may be cast for the election of directors of the Company; 
 1.5.2. the stockholders of the Company shall consummate any merger or other business combination of the Company, sale of all or substantially all of the Company’s assets or combination of the
foregoing transactions (a “Transaction”), other than a Transaction involving only the Company and one or more of its Subsidiaries, or a Transaction immediately following which the stockholders of the Company immediately prior to the
Transaction continue to have a majority of the voting power in the resulting entity; or 
 1.5.3. within any twenty-four
(24) month period beginning on or after the date hereof, the persons who were directors of the Company immediately before the beginning of such period (the “Incumbent Directors”) shall cease (for any reason other than death) to
constitute at least a majority of the Board (or the board of directors of any successor to the Company); provided that, any director who was not a director as of the date hereof shall be deemed to be an Incumbent Director if such director was
elected to the Board by, or on the recommendation of or with the approval of, at least two-thirds of the directors who then qualified as Incumbent Directors either actually or by prior operation of the foregoing unless such election, recommendation
or approval was the result of an actual or threatened election contest of the type contemplated by Rule 14a-11 promulgated under the Exchange Act or any successor provision. 
 1.6. “Code” shall mean Internal Revenue Code of 1986, as amended. 

1.7. “Common Stock” shall mean the common stock of the Company, par value $1.00. 

1.8. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

1.9. “Good Reason” shall mean and shall be deemed to exist if, without the prior express written consent of the
Executive, (i) the Executive suffers a material demotion in his title or position as it existed on the date of this Agreement; (ii) the Executive suffers a material reduction in his duties, responsibilities or effective authority
associated with his titles and positions; (iii) the Executive’s target annual cash compensation (Annual Base Salary plus target bonus percentage) or aggregate benefits are materially decreased by the Company; (iv) the Company fails to
obtain assumption of this Agreement by an acquiror; or (v) the Executive’s primary office location is moved to a location more than fifty (50) miles from its location as of the date hereof. In order for the Executive to terminate
employment for Good Reason, the Executive must provide written notice to the Company (or any successor thereto) in accordance with Section 7.3 below. The Executive’s continued employment shall not constitute consent to, or a waiver of
rights with respect to, any act or failure to act constituting Good Reason hereunder. 

  
 2 

 1.10. “Person” shall have the meaning ascribed thereto in
Section 3(a)(9) of the Exchange Act, as modified, applied and used in Sections 13(d) and 14(d) thereof; provided, however, a Person shall not include (i) the Company or any Subsidiaries, (ii) a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or any of its subsidiaries (in its capacity as such), (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same character and proportions as their ownership of stock of the Company. 
 1.11. “Subsidiary” shall mean any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code. 
 2. Severance Payments. 
 2.1. Change in Control Severance. Upon the
termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason during the two-year period following a Change in Control (a “CIC Termination”), and if the Executive executes and does
not revoke a general release, substantially in the form attached hereto as Exhibit A (the “Release”), in favor of the Company, the Executive shall be entitled to the payments and benefits set forth in this Section 2.1 and in
Section 2.3. In addition, a CIC Termination shall result if the Executive’s employment is terminated prior to a Change in Control and (a) the Executive reasonably demonstrates that the Executive’s employment was terminated
without Cause prior to a Change in Control (1) at the request of a Person who has entered into an agreement with the Company the consummation of which will constitute a Change in Control (or who has taken other steps reasonably calculated to
effect a Change in Control) or (2) otherwise in connection with or in anticipation of a Change in Control, or (b) the Executive terminates his employment for Good Reason prior to a Change in Control and the Executive reasonably
demonstrates that the circumstance(s) or event(s) which constitute such Good Reason occurred (1) at the request of such Person or (2) otherwise in connection with or in anticipation of a Change in Control.  

2.1.1. A payment equal to two (2) times the sum of (a) the Executive’s Annual Base Salary and (b) the
Executive’s target bonus amount for the year in which any such termination occurs. The payment shall be made in a single lump sum on the date that is six (6) months following the Executive’s CIC Termination. 

2.1.2. A lump sum payment equal to the Executive’s target bonus payment under the Company’s management incentive plan times a
fraction, the numerator of which is the number of days that have elapsed in the year of the Executive’s CIC Termination as of the date of termination and the denominator of which is 365. Such payment shall be made on the date which is six
(6) months after the Executive’s CIC Termination. 
 2.1.3.Notwithstanding Section 2.1.1 above, the severance
payment described in Section 2.1.1 shall be paid in a lump sum payment only if (i) the Change in Control constitutes a 

  
 3 

 
“change in control event” under Section 409A of the Code (a “409A Change in Control”) and (ii) the Executive’s CIC Termination occurs on or after the
Change in Control occurs. If the Change in Control does not constitute a 409A Change in Control, or if the Executive’s CIC Termination occurs prior to the date of the Change in Control, then the severance payment described in Section 2.1.1
shall be paid in the manner described in Section 2.2.1, as if his termination were a Non-CIC Termination (but in the amount set forth in Section 2.1.1). 
 2.2. Non-Change in Control Severance. Upon the termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason at any time other than those
prescribed in Section 2.1 (a “Non-CIC Termination”), and if the Executive executes and does not revoke the Release, the Executive shall be entitled to the payments and benefits set forth in this Section 2.2 and in
Section 2.3. 
 2.2.1. An amount equal to one (1) times the Executive’s Annual Base Salary. Fifty percent
(50%) of this amount shall be paid on the date that is six (6) months following the Executive’s Non-CIC Termination, and the remaining fifty percent (50%) shall be paid in six (6) substantially equal monthly installments.

 2.2.2. A lump sum payment equal to the bonus amount that would have been payable to the Executive for the year in which any
such Non-CIC Termination occurs, based on actual performance, if he had remained employed through the end of the year, as determined under the terms of the Company’s management incentive plan, times a fraction, the numerator of which is the
number of days that have elapsed in the year of the Executive’s Non-CIC Termination as of the date of termination and the denominator of which is 365. Such payment shall be made on the later of (i) the regularly scheduled payment date for
bonus payments under the Company’s management incentive plan for the year in which the Non-CIC Termination occurs (for the avoidance of doubt, such payment date shall be deemed to be January 31 of the year following the year of termination
for purposes of Section 409A of the Code) or (ii) the date that is six (6) months following the Executive’s Non-CIC Termination. 
 2.3. Additional Severance. In addition to the payments provided for in Section 2.1 and 2.2, upon a CIC Termination or Non-CIC Termination, the following additional provisions shall apply:
 
 2.3.1. Group Medical Coverage. Following the Executive’s CIC Termination or Non-CIC Termination, as
applicable, the Executive may elect to continue, under the terms prevailing from time to time, group medical and dental coverage for himself and his covered dependents in accordance with the requirements of the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”). If the Executive elects such coverage, Executive’s share of any group medical and dental premiums for the twenty-four (24) or twelve (12) month period, as applicable,
after termination will be at the then-prevailing active employee rate, and the Company shall waive its right to collect the difference between the Executive’s COBRA premium and the then-prevailing active employee rate during such period. The
Executive’s failure to pay his required share of the COBRA premium will result in loss of the coverage. The Executive agrees and understands that his rights under Code Section 4980B, which sets forth certain COBRA continuation coverage
requirements, will run concurrently with the period of coverage under this Section 2.3.1. Following the twenty-four (24) or twelve (12)

  
 4 

 
month period of coverage, as applicable, under this Section 2.3.1, Executive may continue medical and dental coverage for any remaining COBRA period only by paying the full applicable COBRA
premiums. Medical benefits otherwise receivable by the Executive pursuant to this Section 2.3.1 shall be reduced to the extent the Executive obtains comparable coverage under another employer’s plan during the twenty-four (24) or
twelve (12) month period, as applicable, following the Executive’s termination. The Executive agrees to immediately report such other coverages to the Company. 
 2.3.2. Group Life Insurance Coverage. For a twenty-four (24) month period after the Executive’s CIC Termination or a twelve (12) month period after the Executive’s Non-CIC
Termination, as applicable, the Company shall continue the Executive’s basic life insurance coverage. The Executive will be entitled to the life insurance conversion rights required by applicable law at the end of such period. 

2.3.3. Outplacement. The Executive shall be entitled to the outplacement assistance set forth in the Company’s
executive-level corporate outplacement program. 
 2.3.4. Vacation. The Executive will receive payment for any granted
and unused vacation upon termination in accordance with the Company’s policy and applicable law. 
 2.3.5. Other
Benefits. Any supplemental, spouse or child life insurance, accidental death and dismemberment and disability insurance will terminate on the Executive’s date of termination in accordance with the terms of the applicable welfare benefit
plan. Qualified retirement plan and savings plan benefits will be subject to the terms of the applicable plan. 
 2.3.6.
Equity Compensation; Nonqualified Deferred Compensation. All awards of equity compensation and any non-qualified deferred compensation earned by the Executive shall be subject to the provisions of the applicable equity compensation plan,
equity award agreement and/or the applicable non-qualified deferred compensation plan. 
 3. Excise Tax. 

3.1. Anything in this Agreement to the contrary notwithstanding, if it shall be determined that any payment, distribution or benefit
provided (including, without limitation, the acceleration of any payment, distribution or benefit and the acceleration of vesting of any equity-based or other compensation) to the Executive or for his benefit (whether paid or payable or distributed
or distributable pursuant to the terms of this Agreement or otherwise) would be subject, in whole or in part, to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the amounts payable to the Executive
under this Agreement shall be reduced (by the minimum possible amount) until no amount payable to the Executive is subject to the Excise Tax; provided, however, that no such reduction shall be made if the net after-tax benefit (after taking into
account federal, state, local or other income, employment, self-employment and excise taxes) to which the Executive would otherwise be entitled without such reduction would be greater than the net after-tax benefit (after taking into account
federal, state, local or other income, employment, self-employment and excise taxes) to the Executive resulting from the receipt of such payments with such reduction. If, as a result of subsequent events or conditions,

  
 5 

 
it is determined that payments have been reduced by more than the minimum amount required under this Section 3, then an additional payment shall be made to the Executive in an amount equal
to the excess reduction within sixty (60) days of the date on which the amount of the excess reduction is determined, but not later than December 31 of the year in which the excess reduction is determined. 

3.2. All determinations required to be made under this Section 3, including whether a payment would result in an Excise Tax, shall
be made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Executive as requested by the Company or the
Executive. All fees and expenses of the Accounting Firm shall be borne solely by the Company and shall be paid by the Company. Except as set forth in the last sentence of Section 3.1 hereof, all determinations made by the Accounting Firm under
this Section 3 shall be final and binding upon the Company and the Executive. 
 4. Section 409A. 

4.1. This Agreement is intended to comply with the requirements of Section 409A of the Code and shall in all respects be
administered and interpreted in accordance with Section 409A. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions on the Executive under Section 409A of the Code, then such benefit
or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. Notwithstanding anything in the Agreement to the contrary, distributions may only be made under the Agreement upon an event and in a manner
permitted by Section 409A of the Code or an applicable exception. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” under Section 409A. For purposes of
Section 409A of the Code, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments, and each payment under this Agreement shall be treated as a separate payment. In no event
may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. 
 4.2.
Notwithstanding the foregoing, if required by Section 409A of the Code, if any amounts payable upon separation from service are considered “deferred compensation” under Section 409A, payment of such amounts will be postponed as
required by Section 409A, and the postponed amounts will be paid six (6) months following the effective date of termination from employment. If the Executive dies during the postponement period, any amounts postponed on account of
Section 409A of the Code, with accrued interest as described below, shall be paid to the personal representative of the Executive’s estate within sixty (60) days after the date of the Executive’s death. 

4.3. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements
of Section 409A of the Code, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement),
(ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be

  
 6 

 
provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is
incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. 
 5.
Restrictive Covenants. 
 5.1. Non-Competition. During the Executive’s employment and if the Executive’s
employment with the Company terminates for a period of two (2) years following a CIC Termination and for a period of one (1) year following a Voluntary Termination (as defined below), the Executive shall not, directly or indirectly, within
or with respect to the United States of America engage, in any business or activity or render any services or provide any advice to any Competing Entity (as defined below), without the prior written consent of the Company (which consent shall not be
unreasonably withheld or delayed), whether as an employee, consultant, partner, principal, agent, representative, stockholder, director or in any other capacity, if on the effective date of termination of the Executive’s employment with the
Company, such Competing Entity develops, manufactures, sells or distributes any product or products that (a) compete with any product or products sold by the Company or any Affiliate thereof (or to the Executive’s knowledge are planned for
sale or distribution by the Company or its Affiliates within six (6) months following the effective date of Executive’s termination of employment with the Company) for which the Executive had primary responsibility for any aspect of such
product(s) or where the Executive would perform substantially similar employment functions to those performed at the Company, and (b) represent, individually or in the aggregate, twenty (20%) percent or more of such Competing Entity’s
annual gross revenues; provided, however, that the Executive’s ownership of not more than two percent (2%) of the stock of any publicly-traded corporation shall not be a violation of this Section 5.1. As used herein,
“Competing Entity” means any business, person or entity, and any Affiliates thereof, which develops, manufactures, sells and/or distributes products that are competitive with any products developed, manufactured, sold and/or
distributed by the Company and any of its Affiliates, and “Voluntary Termination” means the Executive’s termination of his employment with the Company for any reason other than for Good Reason, death or disability (as defined
under the Company’s Long Term Disability or other applicable plan, program or policy). The Executive acknowledges and agrees that his skills are such that he can be gainfully employed in noncompetitive employment and that the agreement not to
compete will in no way prevent him from earning a living. The Executive understands and agrees that the rights and obligations set forth in this Section 5.1 shall survive the termination of this Agreement. 

5.2. Non-Solicitation. If the Executive’s employment with the Company terminates due to a CIC Termination, a Non-CIC
Termination, or a Voluntary Termination, for a period of two (2) years following a CIC Termination and one (1) year following a Non-CIC Termination or a Voluntary Termination, the Executive shall not (except on the Company’s behalf),
directly or indirectly, on his own behalf or on behalf of any other person, firm, partnership, corporation or other entity, (A) solicit or service the business of any of the Company’s clients, any of the Company’s former clients which
were clients within twelve (12) months prior to the termination of his employment or any of the prospective clients which were being actively solicited by the Company at the time of the termination of his employment or (B) attempt to cause
or induce any employee of the Company to leave the Company. 

  
 7 

 5.3. Non-Disparagement. The Executive agrees to refrain from making any statements or
comments of a defamatory or disparaging nature to any third party regarding the Company or any of its officers, directors, employees, agents, representatives, affiliates, products or services. 

5.4. Company Property; Confidentiality. Upon the Executive’s termination of employment for any reason, the Executive shall
return to the Company all documents, manuals, computers, computer programs, diskettes, customer lists, notebooks, reports and other written or graphic materials, including all copies thereof, relating in any way to the Company’s business and
prepared by the Executive or obtained by the Executive from the Company, its Affiliates, customers or its suppliers during the course of the Executive’s employment with the Company. The Executive agrees to comply with the Company’s
confidentiality and non-disclosure policies and agreements with the Company. 
 5.5. Acknowledgements. The Executive
acknowledges and agrees that the restrictions set forth in this Section 5: (a) are critical and necessary to protect the Company’s legitimate business interests (including, without limitation, the protection of its confidential or
proprietary information, its good will, and its relationship with its customers, clients, employees, and consultants); (b) are reasonably drawn to this end with respect to duration, scope and otherwise; (c) are not unduly burdensome or
injurious to the public interest; and (d) are supported by adequate consideration. 
 5.6. Injunctive Relief. The
Executive acknowledges and agrees that the Company will have no adequate remedy at law, and would be irreparably harmed, if the Executive breaches or threatens to breach any of the provisions of Section 5.1, 5.2, 5.3 or 5.4. The Executive
agrees that the Company shall be entitled to equitable and/or injunctive relief to prevent any breach or threatened breach of such Sections, and to specific performance of each of the terms of such Section in addition to any other legal or equitable
remedies that the Company may have. The Executive further agrees that the Executive shall not, in any equity proceeding relating to the enforcement of the terms of such Sections, raise the defense that the Company has an adequate remedy at law. The
Executive acknowledges and agrees that the restricted periods set forth above in Sections 5.1 and 5.2 shall be tolled during any period in which the Executive is in violation of such Section(s) so that the Company is provided with the full benefit
of the restricted period. 
 5.7. Special Severability. The terms and provisions of this Section 5 are intended to
be separate and divisible provisions and if, for any reason, any one or more of them is held to be invalid or unenforceable, neither the validity nor the enforceability of any other provision of this Agreement shall thereby be affected. It is the
intention of the parties to this Agreement that the potential restrictions on the Executive’s future employment imposed by this Section 5 be reasonable in both duration and geographic scope and in all other respects. If for any reason any
court of competent jurisdiction shall find any provisions of this Section 5 unreasonable in duration or geographic scope or otherwise, the Executive and the Company agree that the restrictions and prohibitions contained herein shall be
effective to the fullest extent allowed under applicable law in such jurisdiction. 

  
 8 

 6. Entire Agreement; Complete Obligation. Except as otherwise specified in the last sentence of this
Section 6, this Agreement contains the entire understanding of the parties with respect to the subject matter herein. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the
subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Following the Executive’s CIC Termination or Non-CIC
Termination, the Executive shall only be entitled to the payments and benefits provided in this Agreement and he shall not be entitled to any other payments or benefits except those required by applicable law or the terms of any employee benefit
plan. With respect to a CIC Termination, Non-CIC Termination or Voluntary Termination (but only with respect to Section 5 in the case of a Voluntary Termination), this Agreement supersedes and replaces only the corresponding severance,
non-competition and/or termination provisions contained in any employment contract or other agreement that the Executive has entered into with the Company prior to the date hereof and all remaining provisions of any such agreement shall remain in
full force and effect. 
 7. Notice of Termination. 
 7.1. Any purported CIC Termination or Non-CIC Termination shall be communicated by written “Notice of Termination” from one party hereto to the other party hereto in accordance with
Section 9.4 hereof. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of the Executive’s employment with the Company under the provision so indicated. For purposes of this Agreement, any purported termination not effected in accordance with this
Section 7 shall not be considered effective. 
 7.2. A Notice of Termination for Cause is required to include a copy of a
resolution duly adopted by the affirmative vote of a simple majority of the entire membership of the Board at a meeting of the Board, which was called and held for the purpose of considering such termination (which meeting may be a regular meeting
of the Board where prior notice of consideration of such termination is given to members of the Board) finding that, in the good faith opinion of the Board, that the Executive engaged in conduct set forth in the definition of Cause herein and
specifying the particulars thereof in detail. 
 7.3. A Notice of Termination by the Executive for “Good Reason” is
required to set forth the provision of this Agreement that the Executive believes constitutes “Good Reason” and specify the particulars thereof in detail within ninety (90) days of the initial occurrence of such event. The Company (or
any successor thereto) shall have thirty (30) days after the receipt of a Notice of Termination to remedy the circumstances that allegedly give rise to “Good Reason.” If the Company (or any successor thereto) remedies the
circumstances that have given rise to “Good Reason,” within the thirty (30) day cure period, the Executive’s Notice of Termination shall not be effective and shall be null and void from its inception. However, if the Company (or
any successor thereto) does not remedy such event within such thirty (30) day cure period, the Executive’s employment must terminate within sixty (60) days after the end of the thirty (30) day cure period in order for the
termination to be on account of Good Reason. 

  
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 8. Successors; Binding Agreement. 

8.1. Successors. This Agreement shall inure to the benefit of and be binding upon the Company and its respective successors and
assigns. The Company shall require any successor to all or substantially all of its business and/or assets, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance
satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as the Company would be required to perform if no such succession had taken place. 

8.2. Binding Agreement. This Agreement is personal to the Executive and, without the prior express written consent of the Company,
shall not be assignable by the Executive. If the Executive shall die while any amount would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) if the Executive had
continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the beneficiary (or beneficiaries) designated by the Executive from time to time in accordance with the procedures
for notice set out in Section 9.4; provided, however, that if there shall be no effective designation of beneficiary by the Executive, such amounts shall be paid to the executors, personal representatives or administrators of the
Executive’s estate. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

9. Miscellaneous. 
 9.1.
Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey, applied without reference to principles of conflict of laws. Both the Executive and the Company agree to appear before
and submit exclusively to the jurisdiction of the state and federal courts located nearest to Princeton, New Jersey with respect to any controversy, dispute, or claim arising out of or relating to this Agreement. The Executive agrees to be served by
the Company with judicial process via registered or certified mail. 
 9.2. Amendments. This Agreement may not be amended
or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives. 
 9.3. Mutual Intent. Both parties participated in the drafting of the Agreement, and the language used in this Agreement is the language chosen by the Executive and the Company to express their
mutual intent. Both the Executive and the Company agree that in the event that any language, section, clause, phrase or word used in the Agreement is determined to be ambiguous, no presumption shall arise against or in favor of either party and that
no rule of strict construction shall be applied against either party with respect to such ambiguity. 

  
 10 

 9.4. Notices. All notices and other communications hereunder shall be in writing and
shall be given by hand-delivery to the other parties or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	 To the Executive:
	  	Patrick D. de Maynadier
		  	8143 Lipps Road
		  	Guilford, Indiana 47022
		
	 To the Company:
	  	Jacquelin J. Brova
		  	Executive Vice President, Human Resources
		  	Church & Dwight Co., Inc.
		  	469 North Harrison Street
		  	Princeton, NJ 08543

 or to such other address as any party shall have furnished to the others in writing in accordance herewith. Notices and
communications shall be effective when actually received by the addressee. 
 9.5. Withholding. The Company may withhold
from any amounts payable under this Agreement such federal, state or local income taxes to the extent the same required to be withheld pursuant to any applicable law or regulation. 

9.6. Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement. 
 9.7. Captions. The captions of this Agreement are not part of
the provisions hereof and shall have no force or effect. 
 9.8. Counterparts. This Agreement may be executed in one or
more counterparts each of which shall be deemed an original instrument, but all of which together shall constitute but one and the same Agreement. 
 9.9. Beneficiaries/References. The beneficiary or beneficiaries designated by the Executive to receive any compensation or benefit payable hereunder following the Executive’s death shall be
those set forth from time to time by the Executive on the beneficiary designation form for the Company’s Deferred Compensation Plan. In the event of the Executive’s death or a judicial determination of his incompetence, reference in this
Agreement to the Executive shall be deemed, where appropriate, to refer to his beneficiary(ies), estate or other legal representative(s). 
 9.10. Survivorship. The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement or the Executive’s termination of employment for any reason
to the extent necessary to the intended provision of such rights and the intended performance of such obligations. 

  
 11 

 IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and the
Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written. 
  

			
	CHURCH & DWIGHT CO., INC.
		
	By:	 	 /s/ Jacquelin J. Brova

		
	Name:	 	  

		
	Title:	 	  

	
	Patrick D. de Maynadier
	
	 /s/ Patrick D. de Maynadier

  
 12 

 EXHIBIT A 

RELEASE AND WAIVER 
 In
consideration of the payments and benefits provided for under the Amended and Restated Change in Control and Severance Agreement, which Executive acknowledges are payments and benefits to which Executive is not otherwise entitled, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Executive hereby agrees as follows: 

1. Executive hereby agrees on behalf of himself, Executive’s agents, assignees, attorneys, spouse, successors, assigns, heirs and
executors, to fully and completely forever release the Company, its Board of Directors, all the Company benefit plans, all the Company benefit committees, and all of its and their respective predecessors and successors, past and/or present officers,
directors, partners, members, managing members, managers, employees, agents, representatives, administrators, attorneys, insurers, and fiduciaries in their individual and/or representative capacities (hereinafter collectively referred to as the
“Company Releasees”), from any and all causes of action, suits, agreements, promises, damages, disputes, controversies, contentions, differences, judgments, claims, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, variances, trespasses, extents, executions and demands of any kind whatsoever, which Executive or Executive’s heirs, executors, administrators, successors and/or assigns ever had, now have or may claim to have
against the Company Releasees or any of them, in law, admiralty or equity, whether known or unknown to Executive, for, upon, or by reason of, any matter, action, omission, course or thing whatsoever, whenever arising from the beginning of time up
until the date of Executive’s signature on this Release (such released claims are collectively referred to herein as the “Released Claims”). 
 2. Notwithstanding the generality of Section 1 above, the Released Claims include, without limitation, and only by way of example: (i) any and all claims arising from or relating to
Executive’s employment with any of the Company Releasees, or the termination thereof; (ii) any and all claims under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967 (“ADEA”), the
Civil Rights Act of 1971, the Civil Rights Act of 1991, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act, the Family and Medical Leave Act of 1993, the New Jersey Law Against
Discrimination, N.J. Stat. § 10:5-1 et seq. (“NJLAD”), the Conscientious Employee Protection Act, N.J. Stat. Ann. § 34:19-1 et seq. (“CEPA”), and any and all other federal, state or local laws, statutes,
rules and regulations pertaining to employment or otherwise; (iii) any claims for wrongful discharge, breach of contract, fraud, misrepresentation or any compensation claims, and (iv) any other claims under any statute, rule or regulation
or under the common law, including compensatory damages, punitive damages, attorney’s fees, costs, expenses and all claims for any other type of damage or relief. 
 3. Executive agrees that he will not institute (either individually, with others, or as part of a class), join, or otherwise accept any relief in connection with any lawsuit, in any forum, pleading,
raising or asserting any Released Claims against any of the Company Releasees. If Executive breaches this promise, then Executive will reimburse each of the Company Releasees 

  
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that Executive sues for its reasonable attorneys’ fees and costs incurred in defending against such Released Claims. The reimbursement provision governing attorneys’ fees and costs set
forth in the immediately preceding sentence shall not apply to any claims brought under the ADEA challenging the validity of the above Release. Executive acknowledges, however, that the above Release applies to all claims he may have under the ADEA,
and that, unless the Release is held to be invalid, all of his claims under the ADEA shall be extinguished. 
 4. Executive is
hereby advised to consult with an attorney before executing this Release. Executive represents that he has read carefully and fully understands the terms of this Release. Executive acknowledges that Executive is signing this Release voluntarily and
knowingly and that Executive has not relied on any representations, promises or agreements of any kind made to Executive in connection with Executive’s decision to accept the terms of this Release, other than those set forth in this Release.
Executive acknowledges that Executive has been given at least twenty-one (21) days to consider whether Executive wants to sign this Release. 
 5. Executive acknowledges that the Age Discrimination in Employment Act gives Executive the right to revoke this Release within seven (7) days after it is signed by Executive. Executive further
acknowledges and understands that Executive will not receive any payments or benefits due Executive under the Amended and Restated Change in Control and Severance Agreement before the seven (7) day revocation period under the Age Discrimination
in Employment Act (the “Revocation Period”) has passed and then, only if Executive has not revoked this Release. To the extent Executive has executed this Release within less than twenty-one (21) days after its delivery to
Executive, Executive hereby acknowledges that Executive’s decision to execute this Release prior to the expiration of such twenty-one (21) day period was entirely voluntary. 

IN WITNESS WHEREOF, Executive has hereunto set his hand as of the day and year set forth below. 

 

			
	Patrick D. de Maynadier
	
	  

		
	 Date:
	 	  

  
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