Document:

Technical Know-How Agreement

Exhibit 4.11 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Confidential treatment is requested for portions omitted on pages 3, 4, 14, 15 and 16, filed separately with the Securities and Exchange Commission. 

 
TECHNICAL
KNOW-HOW AGREEMENT 
 
This Technical Know-How Agreement
(“Agreement”) is made and entered into this 25th day of July, 2001 in Deutschlandsberg, Austria, by and between Matsushita Electronic Components Co., Ltd., Osaka, Japan, acting through its Ceramics Business Unit, LCR Device
Company (“MACO”) of the one part, and EPCOS OHG, Deutschlandsberg, Austria, (“EPCOS”) of the other part. 
 
RECITALS: 
 
A.    EPCOS has been receiving from MACO certain technical know-how regarding (i) dielectric materials, (ii) nickel inner-electrode paste, and (iii) copper outer-electrode paste,
for use in certain nickel inner-electrode type, ceramic multilayer capacitors in accordance with the Memorandum between MACO and EPCOS dated on July 7,1998, in order to improve certain types of Products manufactured and sold by itself; 
 
B.    EPCOS is desirous of receiving further from MACO
certain technical know-how regarding certain manufacturing processes and materials of nickel inner-electrode type, large capacitance ceramic multilayer chip capacitors; 
 
C.    MACO is, upon EPCOS’ strong request, ready to disclose, furnish and license to EPCOS such
technical know-how and information in accordance with the terms and conditions provided herein. 
 
NOW, THEREFORE, in consideration of the recitals and the mutual premises contained herein, MACO and EPCOS hereby agree as follows: 
 

1 

ARTICLE 1 
DEFINITIONS 
 

	1.1	 	The term “Products” means the types of nickel inner-electrode type, large capacitance multilayer ceramic chip capacitors described in Exhibit
1a, to be manufactured by EPCOS based on the Technical Information (to be hereinafter defined) furnished and the license granted by MACO hereunder. 

 

	1.2	 	The term “Processes” means the specific portion of the entire manufacturing processes of Products subject to this Agreement as explicitly listed in
Exhibit 1b hereto. 

 

	1.3	 	The term “Materials” means (i) inner-electrode nickel paste (model: lE-1105) and (ii) outer-electrode cupper paste (model: 6111) to be used for the
manufacture of the Products. 

 

	1.4	 	The term “Technical Information” means the technical information with respect to the Processes and the Materials, which is available to MACO as of
the date of this Agreement and is freely disposable by MACO, as described in Exhibit 2 hereto. 

 
ARTICLE 2 
TECHNICAL INFORMATION

 

	2.1	 	MACO shall disclose to and furnish EPCOS with the Technical Information in accordance with the time schedule attached hereto as Exhibit 3 in such a manner as to be
agreed upon between MACO and EPCOS. 

 

	2.2	 	Upon reasonable request and cost bearing by EPCOS, and MACO’s written consent thereto, MACO may, at its sole discretion, (i) accept the engineer(s) of EPCOS,
and/or (ii) send its engineer(s) to EPCOS in order to provide EPCOS with technical information, advice or services supplementary to the Technical Information. The technical information thus provided by MACO to EPCOS pursuant to this Section 2.2
shall also be deemed as Technical Information. 

 

2 

 
ARTICLE
3 
LICENSE 
 

	3.1	 	MACO hereby grants to EPCOS a non-exclusive and non-transferable license, with no right to sub-license, to use the Technical Information, advice and/or services
furnished by MACO to EPCOS for the manufacture of the Products at its factory in Austria 

 
ARTICLE 4 
REMUNERATION

 

	4.1	 	In consideration of the Technical Information furnished pursuant to Section 2.1 and the license granted pursuant to Section 3.1 hereof, EPCOS shall pay to
MACO,*********************************************************** ************************* in four (4) installments in accordance with the following schedule by telegraphic transfer to the following bank account of MACO: 

 

	 	  	 Due Date:

	  	 Amount Payable:

	 (1)
	  	 October 20, 2001:
	  	 ********************************

 *****************

	 	  	 	  	 
	 (2)
	  	 October 20, 2002:
	  	 *********************************

 *****************

	 	  	 	  	 
	 (3)
	  	 October 20, 2003:
	  	 *********************************

 *****************

	 	  	 	  	 
	 (4)
	  	 October 20, 2004:
	  	 *******************************

 ***********************************

 *****************

	 	  	 	  	 
	 	  	 Bank/Branch:         
	  	 Sumitomo Mitsui Banking Corporation,

 Osaka Head Office

	 	  	 	  	 
	 	  	 Account Number:  
	  	 #272960

	 	  	 	  	 
	 	  	 Account
of:            
	  	 Ceramics Business Unit,

 LCR Device Company,

 Matsushita Electronic Components Co., Ltd.

 

	*	 	Confidential treatment requested, filed separately with the Securities and Exchange Commission. 

 

3 

 

	4.2	 	The amount of remuneration provided in Section 4,1 above (i.e., *******) is final and conclusive. In any event and for any reason (including, among others, such
cases as: (i) EPCOS determines not to use or to stop using the Processes or the Technical Information; or (ii) Use of Processes or the Technical Information in the EPCOS’ manufacturing processes is not so smoothly implemented as expected),
except in case MACO does not furnish the Technical Information according to Section 2.1 above or is not entitled to grant the license agreed in Article 3 above, EPCOS shall not be released from a whole or part of its obligation to pay such full
total amount of remuneration, subject to deduction of the withholding tax pursuant to Section 4.3 below, in accordance with the payment schedule specified in Section 4.1 above. 

 

	4.3	 	If there is any tax which MACO is required under the applicable law of Austria to pay at the source in Austria with respect to the payment made by EPCOS to MACO
hereunder, MACO agrees to pay such tax, and hereby authorizes EPCOS to deduct at the source the exact amount of such tax payable out of the payments due to MACO, which EPCOS shall pay to the lawful tax agency in satisfaction of such tax on behalf of
MACO. EPCOS shall, promptly after having paid such tax and obtained the pertinent receipt of such tax issued by the recipient tax agency, furnish MACO with a copy of such receipt, so that MACO can obtain a credit against Japanese income tax for such
tax amounts paid by EPCOS in Austria on behalf of MACO. If there is any tax or duty which EPCOS is required under the applicable law of Austria to pay with respect to the payment made by EPCOS to MACO hereunder, EPCOS shall bear and be responsible
for the payment of such tax or duty. 

 
ARTICLE 5 
GENERAL PROVISIONS 
 

	5.1	 	Secrecy & Unauthorized Use of Technical Information: 

 

	 	A.	 	EPCOS agrees to treat and keep secret and confidential and not to disclose to any person, except as herein provided or as may otherwise be required by law, any
Technical Information, and supplementary advice and services, if 

 

	*	 	Confidential treatment requested, filed separately with the Securities and Exchange Commission. 

 

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any, furnished by MACO to EPCOS in connection therewith. EPCOS further agrees not to use
any Technical Know-How, Technical Information, advice and services furnished hereunder for any purpose other than that of this Agreement or in any manner not so licensed or authorized in this Agreement. Notwithstanding the foregoing, MACO
acknowledges that EPCOS may, upon a prior written notice to MACO and at its own risk and responsibility, use the Technical Know-How, Technical Information, advice and services furnished hereunder for the manufacture of certain types of multilayer
varistors and multilayer thermistors to the extent that such items will be manufactured in the same production line as used for the Products. Any use by EPCOS of the Technical Know-How, Technical Information, advice or services furnished by MACO
hereunder for any other multiplayer products of EPCOS shall be subject to a prior written consent of MACO. 
 

	 	B.	 	The obligation of Sections 5.1 A above shall not apply to any information which: 

 

	 	a)	 	is already in the public domain or becomes available to the public through no breach of this Agreement by EPCOS; 

 

	 	b)	 	was rightfully in EPCOS’ possession without obligation of confidentiality prior to receipt from MACO as proven by the written records of EPCOS;

 

	 	c)	 	has been rightfully received by EPCOS from a third party without a confidentiality obligation; 

 

	 	d)	 	is hereafter independently developed by the EPCOS as proven by its written records; or 

 

	 	e)	 	is required to be disclosed by requirement of law, judicial order, or request of governmental agency. 

 

	 	C.	 	 Neither party shall, when disclosing information in facilitating this Agreement, disclose to the other patty any information of a confidential or proprietary
nature obtained from any third person, disclosure of which may be prohibited by a confidentiality arrangement between such disclosing party and such third person or otherwise restricted by applicable law. The party who made such unauthorized
disclosure shall indemnify the other party for and hold the other party harmless from any losses, liabilities, damages, claims, actions, suits, 

 

5 

proceedings, and costs or expenses resulting from, arising out of, or in connection with
such unauthorized disclosure. 
 

	 	D.	 	The provisions of this Section 5.1 shall survive the expiration or termination of this Agreement for three (3) years after the expiration or termination of this
Agreement. 

 

	5.2	 	Subcontract: 

 
EPCOS shall not subcontract to a third party a whole or a part of the Processes in which EPCOS shall use the Technical Information,
without obtaining a prior written consent of MACO. 
 

	5.3	 	Export Administration: 

 

	 	A.	 	EPCOS acknowledges that the transactions contemplated herein are subject to an approval from competent authority of the Japanese government, if and to the extent
from time to time then required by the Foreign Exchange and Foreign Trade Law of Japan or other relevant laws and regulations. In case that due to regulations of the Japanese Government the transfer of Technical Know How as foreseen in this
Agreement is or becomes restricted, the parties will adapt this Agreement in good faith. 

 

	 	B.	 	In facilitating this Agreement, EPCOS shall strictly comply with the laws and regulations of Austria, relating to, among others, export and import administration and
customs. 

 

	 	C.	 	During and after the term of this Agreement, EPCOS shall not export the Products, directly or indirectly, to any country designated as “countries against which
the sanctions should be taken” by certain resolutions of the Security Council of the United Nations regarding the sanctions against certain countries, as long as such resolutions remain valid and effective and refer to the Products.

 

	 	D.	 	 During and after the term of this Agreement and to the extent forbidden by the relevant laws and regulations, EPCOS shall not sell, use, lease or otherwise

 

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dispose of, directly or indirectly, any Products to customers who intend to make use of the product for “Military Purposes” (as
herein below defined) nor use or apply the Technical Information for Military Purposes. For the purpose of this Agreement, “Military Purposes” means the design, development, manufacture or use of any weapons, including without
limitation nuclear weapons, biological weapons, chemical weapons and missiles. 
 

	 	E.	 	Upon request of MACO, EPCOS shall provide MACO with any documents (including without limitation, sales contract, sales note and invoice) to the extent necessary to
assure the observance and/or implementation by EPCOS of the foregoing provisions. 

 

	 	F.	 	In the event EPCOS violates the provisions of this Section 5.3, EPCOS shall bear responsibility for any and all damages incurred by MACO because of such violation,
and further, notwithstanding the provisions of Section 6.2 hereof, MACO shall have the right to terminate this Agreement forthwith by giving a written notice to EPCOS, without any prejudice to the rights and remedies which MACO may have under this
Agreement or at law. 

 

	5.4	 	No Warranty: 

 

	 	A.	 	The sole obligation of MACO shall be to furnish EPCOS with Technical Information which MACO actually uses for its mass production of the Products in its factory as
of the date of this Agreement in accordance with the provisions of Article 2 hereof. 

 

	 	B.	 	MACO shall not warrant the Processes or Technical Information to fit, be applicable to, or useful for any particular purpose, products, application, production
lines, or current or future manufacturing processes (other than the Processes) of EPCOS. 

 

	 	C.	 	 MACO shall have no responsibility with respect to the ability or inability of EPCOS to use such Technical Information, advice or services, if any, or for the
Products manufactured by EPCOS hereunder (including, but not limited to, quality guarantee to Its customers, responsibility for product liability, product recall, supply chain management, advertisement and servicing of 

 

7 

such Products), 
 

	 	D.	 	Nothing herein contained shall be construed as the making or giving by MACO of any warranty or representation that any products to be manufactured by EPCOS hereunder
shall not infringe any intellectual property rights including patent rights owned or otherwise controlled by any third party. Licenses or permissions, if any, which are necessary to manufacture and to sell, use or otherwise dispose of the Products
under any such intellectual property rights owned or controlled by any third party, shall be acquired by EPCOS at its own expense and responsibility. 

 

	 	E.	 	Nothing herein contained shall be construed as the making or giving by MACO of any warranty or representation that any Products meet current or future standards,
legal or otherwise, applicable to the Products, if any. 

 

	 	F.	 	EPCOS agrees to defend, indemnify MACO for, and hold MACO harmless from any losses, liabilities, damages, claims, actions, suits, proceedings and costs or expenses
resulting from, arising out of, or in connection with the use by EPCOS of any license granted, or any Technical Information, advice or services, if any, provided by MACO hereunder and/or EPCOS’ manufacture, sale, use or other disposition of the
Products. 

 

	5.5	 	Trademark: 

 
EPCOS agrees not to use, in whole or in part, any trademark or tradename of MACO or its affiliated companies nor use any mark which shall
be confusingly similar to or shall resemble such trademark or tradename on or in relation to the Products or with respect to manufacture, sale, use or other disposition thereof (including, but not limited to, relevant printings, advertising and
packaging materials), unless otherwise agreed in writing between the parties hereto. 
 

	5.6	 	Entire Agreement and Amendment: 

 
This Agreement contains the entire and only agreement between the parties hereto with respect to the subject matter herein contained, and
supersedes and cancels all previous agreements, negotiations, commitments and writings with 

 

8 

respect to the subject matter hereof. This Agreement may not be amended, modified, superseded or canceled, nor may any of the terms,
provisions or conditions hereof be waived, except by a written instrument duly executed by an authorized officer of each of the parties hereto, No waiver by either party of any condition of this Agreement, in any one instance, shall be deemed to be
or construed as a further or continuing waiver of any such condition. 
 

	5.7	 	Assignment: 

 
Neither this Agreement nor any rights and obligations hereunder shall be assignable or otherwise transferable by either party to any other
person, firm or corporation. voluntarily or by operation of law, without the prior written consent of the other party, and any assignment or transfer without such consent of the other party shall be null and void. 
 

	5.8	 	Notice: 

 
For the purpose of this Agreement, any notice required or permitted hereunder shall be sufficiently given if: 
 

	 	A.	 	Delivered personally, in which case it shall be deemed to have been received at the time of delivery; or 

 

	 	B.	 	Sent by prepaid registered or certified airmail, addressed as follows: 

 

	 	  	 To MACO at:
	  	 Matsushita Electronic Components Co., Ltd.
1006 Oaza Kadoma, Kadoma,
Osaka 571-8506. Japan
Attention:
Director
                  Ceramic Business
Unit,
                  LCR Device
Company

 Copy to:   General Manager
                  Corporate legal Department

	 	  	 To EPCOS at:
	  	 EPCOS OHG
 A-8530.Deutschlandsberg Austria

 
 

9 

 

	 	  	 	  	 Attention: President
                  Ceramic Components in Deutschlandsberg

	 	  	 	  	 Copy to:   General Manager of Business Unit
                  Ceramic Multilayer Technology

 
or to
such other addresses as may hereafter be furnished in writing by either party hereto to the other and such mail shall be deemed conclusively to have been received on the tenth (10th) business day of the recipient following the date on which it is so
mailed. 
 

	5.9	 	Governing Law: 

 
This Agreement, its validity, construction and performance shall be subject to the substantive laws of the Federal Republic of Germany,
without regard to its conflicts-of-laws rules. 
 

	5.10	 	Severability: 

 
If any of the provisions of this Agreement shall contravene the laws of Japan, Austria and/or Federal Republic of Germany, it is agreed
that the invalidity or illegality of such provision shall not invalidate the whole of this Agreement, but this Agreement shall be construed as if it did not contain the provision(s) claimed or held to be invalid or illegal in the particular
jurisdiction concerned insofar as such construction does not affect the substance of this Agreement, and the rights and obligations of the parties hereto shall be construed and enforced accordingly. In the event, however, that such claimed
invalidity or illegality shall substantially and adversely affect the interest of either party hereto, the parties hereto shall negotiate a mutually acceptable provision(s) not conflicting with such laws, and if the parties hereto cannot agree upon
a substitute provision(s) within a reasonable period, MACO or EPCOS may terminate this Agreement forthwith. 
 

	5.11	 	Arbitration: 

 
Any and all disputes, controversies, differences or claims which may arise between parties hereto out of or in relation to the
interpretation or the 

 

10 

performance of this Agreement shall be settled between the parties hereto by their
amicable endeavors. However, if in spite of such amicable endeavors of the parties hereto, no such solution can be reached within ninety (90) days after occurrence of such problem, the case shall be referred to and settled finally and conclusively
by arbitration in accordance with the Rules of Conciliation and Arbitration of the International Chamber of Commerce by three (3) arbitrators in accordance with the said Rules. Each party shall nominate one arbitrator for confirmation by the
competent authority under the applicable Rules (“Appointing Authority”). Both arbitrators shall choose the third arbitrator within thirty (30) days. Should the two arbitrators fail within the above time period to choose the third
arbitrator, he or she shall be appointed by the Appointing Authority. The arbitration shall take place in: (1) Vienna, Austria, if MACO initiates such arbitration; or (ii) Tokyo, Japan, if EPCOS initiates such arbitration. The arbitration proceeding
shall be conducted in the English language. Judgment upon the award rendered may be entered in any Court having jurisdiction for a judicial acceptance of the award and an order of enforcement, as the case may be. 
 
ARTICLE 6 
TERM & TERMINATION 
 

	6.1	 	This Agreement shall become effective as of the date first above written, and shall terminate thirty (30) days after MACO’s receipt of the last installment as
provided in Section 4.1 (3) of this Agreement; provided, however, that provisions of Articles 3, 4, 5 and 6 shall survive any expiration or termination hereof. 

 

	6.2	 	This Agreement shall, at either party’s Option, terminate upon the occurrence of any one or more of the following events and without any prejudice to any other
rights which such party might have under this Agreement: 

 

	 	(a)	 	in the event that any application for bankruptcy, receivership, liquidation or other similar proceeding against the other party is made by the other party or any
third party; 

 

	 	(b)	 	in the event that assets of the other party are seized or attached, in 

 

11 

	 	 
conjunction with any action against the other party by any third party; 

 

	 	(c)	 	in the event that the other party is dissolved, or that a sale of all of the assets of the other party is made; 

 

	 	(d)	 	in the event that the other party breaches any provision of Section 5.1; 

 

	 	(e)	 	in the event the other party shall have been in a breach and/or default (including, but not limited to, a default in making payment of any portion of remuneration
provided in Article 4 hereof), and that such breach and/or default shall not have been corrected within ninety (90) days after receipt of written notice specifying the nature of such breach and/or default, provided that no failure or delay on the
part of any party to exercise its rights of termination of this Agreement for any one or more of breaches and/or defaults shall be construed to prejudice its rights of termination for any other or subsequent breaches and/or defaults.

 

	6.3	 	Expiration or termination of this Agreement for any reason whatsoever shall not affect the rights of the parties hereto which shall have been accrued hereunder.

 

12 

 
IN WITNESS WHEREOF, the
parties hereto have caused their duly authorized representatives to execute this Agreement in triplicate as of the date first above written, one of which shall be retained by each of the parties respectively. 
 
Matsushita Electronic Components Co., Ltd. 
 
/s/ Kazuo Tazuke 

Kazuo Tazuke 
Director 
Ceramic Business Unit 
LCR Device Company 
 
Witness 
 
/s/ Yamato Takada 

Yamato Takada 
 
EPCOS OHG 
 
/s/ Josef Unterlass 

Josef Unterlass 
President 
 
/s/ H. Klink 

H. Klink 
Vice President 
 
Witness 
 
/s/ M. Hirschler 

M.
Hirschler 
Vice President 
 

13 

 
Exhibit
1a.    PRODUCTS 
 
For reference only

 
Applicable MACO’s products 
 

	 Size

	  	 Rating Voltage

	    	 Max. Capacitance

	 *******
	  	 *******
	    	 *******

	 *******
	  	 *******
	    	 *******

	 *******
	  	 *******
	    	 *******

 
Thickness of Dielectric Materials: ******* or more (after sintering). However, EPCOS may study a feasibility of making it thinner. 
 

	 	*	 	Confidential treatment requested, filed separately with the Securities and Exchange Commission. 

 

14 

 
Exhibit
1b     Processes 
 

	

	 	 	 Manufacturing processes
	  	 Scope of
 The Processes

	

	 Powder Process
	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	 	 	 	  	 	  	 
	

	 Slurry –
 Sheet Casting
	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 NO

	 	 	 	  	 	  	 
	

	 Printing & Stacking
	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 YES

	

	 	 	 *
	  	 **************
	  	 NO

	

	 	 	 *
	  	 **************
	  	 NO

	

	 Outer Electroding
	 	 *
	  	 **************
	  	 YES

	 	 	 *
	  	 **************
	  	 NO

	 	 	 *
	  	 **************
	  	 NO

	

	 	 	 *
	  	 **************
	  	 NO

	

	 	 	 *
	  	 **************
	  	 NO

	

 

	*	 	Confidential treatment requested, filed separately with the Securities and Exchange Commission. 

 

15 

 
Exhibit 2 
 
List of The Technical Information 
 

	(1)	 	Technical Documents 

 

	 	i)	 	Manufacturing of Slurry 

	 	1.	 	Slurry Composition, Slurry Mixing, Filtering 

	 	2.	 	Manufacturing Specification 

	 	2-1.	 	Weighing 

	 	2-2.	 	Mixing 

	 	2-3.	 	Filtering 

 

	 	ii)	 	Inner Electrode Printing, Stacking 

	 	1.	 	The characteristic of Printing and Stacking Method 

	 	2.	 	Manufacturing of Inner Electrode Paste 

	 	2-1.	 	Paste: ******* 

	 	2-2.	 	Material Specification for: ******* 

	 	2-3.	 	Manufacturing Specification for ******* 

	 	3.	 	Inner Electrode Printing 

	 	3-1.	 	Manufacturing Specification for Inner Electrode Printing 

	 	4.	 	Stacking 

	 	4-1.	 	Manufacturing Specification for Stacking 

 

	 	iii)	 	Pressing 

	 	-	 	Manufacturing Specification for Pressing 

 

	 	iv)	 	Cutting 

	 	-	 	Manufacturing Specification for Cutting 

 

	 	v)	 	Outer Electrode Paste 

	 	-	 	Cu Paste: ******* 

	 	-	 	Material Specification for ******* 

 

	*	 	Confidential treatment requested, filed separately with the Securities and Exchange Commission. 

 

16 

 
Exhibit 3 
 
Submission schedule of the Technical Information 
 

	 	1)	 	Within 10 business days after the date of this Agreement 

 
Documents for Outer Electrode. 
 

	 	2)	 	Within 10 business days after the first installment payment of the remuneration (as provided in Section 4.1): 

 
All Technical Information other than 1) above. 
 

17Colgate-Palmolive Company Stock Plan

 
EXHIBIT 10-E

 
COLGATE-PALMOLIVE COMPANY

STOCK PLAN FOR NON-EMPLOYEE DIRECTORS 
Effective January 1, 1997 
Amended through January 9, 2003

 
 
1. Purpose.    The purpose of the Colgate-Palmolive Company Stock Plan for Non-Employee Directors (the “Plan”) is to attract and retain qualified persons to serve
as directors of Colgate-Palmolive Company, a Delaware corporation (the “Company”), to enhance the equity interest of directors in the Company, to solidify the common interests of its directors and stockholders, and to encourage the highest
level of director performance by providing them with a proprietary interest in the Company’s performance and progress, by crediting them annually with shares of the Company’s Common Stock, par value $1.00 per share (the “Common
Stock”). This Plan shall supersede the Company’s Stock Purchase Plan for Non-Employee Directors and the Stock Compensation Plan for Non-Employee Directors, both of which shall terminate on the effective date of this Plan. 
 
2. Effective Date and Term.    The
Plan shall remain in effect until December 31, 2006, unless sooner terminated by action of the Board of Directors of the Company (the “Board”). Awards outstanding as of the date of such termination shall not be affected or impaired by the
termination of the Plan. 
 
3.
Participation.    All Non-Employee Directors shall participate in the Plan. The term “Non-Employee Director” means any individual who is a member of the Board as of January 1, 1997, or who becomes a member of the
Board thereafter during the term of the Plan and in each case during such periods as he or she is not a full-time employee of the Company or any of its subsidiaries. 
 
4. Administration; Amendment.    (a) The Plan will be administered by the Employee
Relations Committee of the Company (the “Committee”), the members of which are appointed from time to time by the Board, which shall have full power and authority to interpret and construe the Plan, to establish, amend and rescind rules
and regulations relating to the Plan, and to take all such actions and make all such determinations in connection with the Plan as it may deem necessary or desirable. 
 
(b) The Board may from time to time make such amendments to the Plan as it may deem proper and in the best
interest of the Company without further approval of the Company’s stockholders, unless and to the extent required to qualify transactions under the Plan for exemption under Rule 16b-3 (“Rule 16b-3”) promulgated under Section 16 of the
Securities Exchange Act of 1934, as amended from time to time (the “Exchange Act”). 
 
(c) Subject to the above provisions, the Board shall have authority, without stockholder approval, to amend the Plan to take into account changes in law and tax and accounting rules as well as other
developments, including without limitation, new rules which may be promulgated under Section 16 of the Exchange Act, as amended from time to time, and to grant awards which qualify for beneficial treatment under such rules. 
 
5. Shares.    (a) Each Non-Employee
Director shall receive compensation at the rate of 6501 shares of Common Stock per year. However, each Non-Employee
Director who has elected, prior to the effective date hereof, to continue to participate in the Colgate-Palmolive Company Pension Plan for Outside Directors as Amended and Restated effective May 2, 1996, shall receive compensation at the rate of
5252 shares of Common Stock of the Company per year. Payments shall be made annually on the third business day
following the date of the public announcement of the Company’s annual sales and earnings. Either authorized but unissued or Treasury shares shall be used for this purpose. The shares paid pursuant to this Plan shall be in addition to any other
compensation to 
 
 

1 Adjusted to 2,600
shares for the May 1997 and June 1999 stock splits. 
2 Adjusted to 2,100 shares for the May 1997 and June 1999 stock splits. 
 

which a Non-Employee Director may be entitled. Each Non-Employee Director will be required to represent
that the shares are to be held for investment purposes and not with a view to or for resale or distribution except in compliance with the Securities Act of 1933, as amended from time to time (the “Securities Act”) and to give a written
undertaking, in form and substance satisfactory to the Company, that he or she will not publicly offer or sell or otherwise distribute the shares other than (i) in the manner and to the extent permitted by Rule 144 of the Securities and Exchange
Commission under the Securities Act, (ii) pursuant to any other exemption from the registration provisions of the Securities Act or (iii) pursuant to an effective registration statement. 
 
(b) If an individual becomes a Non-Employee Director during a calendar year, he or she shall receive for that
year the number of shares equal to the product of (i) the number of shares to which he or she would have been entitled to under Section 5(a) had he or she been a Non-Employee Director for the full calendar year, and (ii) the fraction obtained by
dividing (x) the number of calendar months during such calendar year that such person was a Non-Employee Director by (y) 12; provided, that for purposes of the foregoing a partial calendar month shall be treated as a whole month. Payments for such
an individual shall be made on the third business day following the date of the next public announcement of the Company’s sales and earnings. 
 
6. Adjustments.    In the event of any change in the Common Stock of the Company, through the declaration of
stock dividends, through recapitalization resulting in stock split-ups or combinations of shares, or as the result of similar events, appropriate adjustments shall be made by the Committee in the number and kind of shares to be paid pursuant to the
Plan. 
 
7. Election to Defer
Shares.    (a) Each Non-Employee Director may make an irrevocable election on an annual basis to defer receipt of all or part of the shares granted under this Plan (the “Deferral Election”). In order to make a
Deferral Election pursuant to this Section 7(a), a Non-Employee Director must deliver to the Secretary of the Company a written notice of the Deferral Election setting forth the number of shares to be deferred on such form as may be prescribed by
the Committee. The Deferral Election may also specify that the Non-Employee Director elects to receive distribution of his or her Director’s Trust Account (as defined below) in accordance with Section 7(c) in a lump sum (a “Lump Sum
Delivery Election”), or in installments over a period of less than ten years (a “Specific Installment Election”). The written notice of the Deferral Election must be delivered no later than the December 31 prior to the commencement of
the calendar year to which the Deferral Election relates. In the case of individuals who become Non-Employee Directors during a calendar year, this notice must be delivered within thirty days after the date on which the individual becomes a
Non-Employee Director. The Deferral Election made pursuant to this Section 7(a) shall remain in effect for subsequent years unless a subsequent different Deferral Election is permitted and made in accordance with this Section 7(a). 
 
(b) The Committee may establish a trust for the benefit of the
Non-Employee Directors on such terms and conditions as the Committee shall determine (the “Plan Trust”), the assets of which shall be subject to the claims of the Company’s creditors. All shares deferred pursuant to this Section 7
shall be delivered to the Plan Trust and shall be credited to the account of each Non-Employee Director in accordance with his or her Deferral Election (the “Director’s Trust Account”), and held for delivery in accordance with the
terms of this Plan; and all earnings of a Director’s Trust Account (including without limitation dividends on shares held therein) shall be reinvested by the trustee in Common Stock. 
 
(c) All distributions from a Director’s Trust Account under the Plan Trust shall be made to the
Non-Employee Director (or, in the event of an eligible Non-Employee Director’s death, his or her designated beneficiary) in ten annual installments commencing as soon as practicable following the cessation of his or her services as a
Non-Employee Director. However, if the Non-Employee Director has in effect a valid Lump Sum Delivery Election or a valid Specific Installment Election pursuant to Section 7(a), such distributions shall be made in a lump sum, or in the specified
number of installments, as the case may be, commencing as soon as practicable following the cessation of his or her services as a Non-Employee Director. Distributions will be made in shares unless the Committee otherwise determines, in accordance
with the terms of the Plan Trust. If such shares are to be distributed in installments, such installments shall be equal, provided, that if in order to equalize such installments, fractional shares would have to be delivered, such installments shall
be adjusted by rounding to the nearest whole share. If any 
 

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such shares are to be delivered after the Non-Employee Director has died or become legally incompetent,
the Committee shall deliver promptly all remaining undelivered shares to the Non-Employee Director’s designated beneficiary or legal guardian, respectively. References to a Non-Employee Director in this Plan shall be deemed to refer to the
Non-Employee Director’s designated beneficiary or legal guardian, where appropriate. 
 
(d) Nothing in the Plan or the Plan Trust shall confer on any individual any right to continue as a director of the Company or interfere in any way with the right of the Company to terminate the
individual’s service as a director at any time. 
 
(e) A Non-Employee Director shall be entitled to early distribution of all or part of his or her Director’s Trust Account in the event of an “Unforeseeable Emergency”, in accordance with this paragraph. An
“Unforeseeable Emergency” means severe financial hardship to the Non-Employee Director resulting from a sudden and unexpected illness or accident of the Non-Employee Director or a dependent of the Non-Employee Director, loss of the
Non-Employee Director’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Non-Employee Director. A distribution pursuant to this paragraph may only
be made to the extent reasonably needed to satisfy the emergency need, and may not be made if such hardship is or may be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the Non-Employee
Director’s assets to the extent such liquidation would not itself cause severe financial hardship, or (iii) by cessation of participation in the Plan prospectively. The determination of whether and to what extent a distribution is permitted
pursuant to this paragraph shall be made by the Committee. 
 
8. Election to Receive Cash.    Each Non-Employee Director may make an annual irrevocable election to receive cash in lieu of shares of Common Stock granted under, and not deferred pursuant to Section 7 of,
this Plan, in an amount not to exceed the amount needed to satisfy tax obligations related to the grant (the “Cash Election”), subject to and under the applicable rules and regulations promulgated from time to time by the Employee
Relations Committee pursuant to Section 4(a) of this Plan. In order to make a cash election pursuant to this Section 8, a Non-Employee Director must deliver to the Secretary of the Company a written notice of the Cash Election setting forth the
amount of shares to be distributed in the form of cash. The written notice of Cash Election must be delivered no later than December 31 prior to commencement of the calendar year to which the Cash Election relates, or such later date as may be
permitted by the Committee and as permitted under Rule 16b-3. The amount of cash received pursuant to a Cash Election shall be equal to the mean between the high and low prices of the Common Stock on the New York Stock Exchange composite tape (the
“Fair Market Value”) on the third business day following the date of the public announcement of the Company’s annual sales and earnings multiplied by the amount of shares set forth in the Cash Election. 
 
9. Purchase of Shares.    (a)
Subject to Section 9(b), each Non-Employee Director may make an irrevocable election to use all or a stated percentage (in increments of 25%) of his or her non-deferred cash compensation as a Non-Employee Director (including non-deferred retainer
fees as a committee chairman, if applicable, to be earned during the forthcoming calendar year and attendance fees earned during the current year) to have purchased Common Stock on his or her behalf (the “Share Purchase Election”). The
maximum amount of compensation that may be used by a Non-Employee Director in any year to purchase shares under this Plan shall not exceed $100,000.00. In order to make a Share Purchase Election pursuant to this Section 9(a), a Non-Employee Director
must deliver to the Secretary of the Company a written notice setting forth the percentage (in increments of 25%) of the Non-Employee Director’s total non-deferred cash compensation to be used to purchase Common Stock of the Company. All shares
of Common Stock of the Company purchased pursuant to this Section must be held at least until six months have elapsed from the date of such purchase. 
 
 

3 

 
(b) It is the
intention of this Plan that Non-Employee Directors shall have the ability to make a Stock Purchase Election on an annual basis provided that such annual Stock Purchase Election would not cause the Plan or transactions under the Plan to fail to
comply with Rule 16b-3. Subject to the preceding limitation, a Non-Employee Director may make a Stock Purchase Election on an annual basis no later than the December 31 prior to the commencement of the calendar year to which the Stock Purchase
Election relates, or such later date as may be permitted by the Committee and as may be permitted under Rule 16b-3. Any Stock Purchase Election made pursuant to Section 9(a), shall remain in effect for subsequent calendar years unless a subsequent
different Stock Purchase Election is permitted and made in accordance with this Section, which subsequent Stock Purchase Election shall then be applied to subsequent calendar years. 
 
(c) All purchases of Common Stock under the Plan shall be made either on the open market or issued out of
treasury stock of the Company on the third business day following the date of release of the Company’s annual sales and earnings. Shares issued by the Company shall be priced at the Fair Market Value on such date. Brokerage fees and any other
transaction costs related to open market purchases shall be paid by the Company. Shares purchased pursuant to this Section 9 shall be registered in the name of and delivered to the Non-Employee Director. Adjustments will be paid in cash for any
fractional shares 
 
10. Deferral of Certain
Transactions.    Any transaction effected pursuant to this Plan that is deemed to be a “Discretionary Transaction” (as defined in Rule 16b-3) that occurs within six months of an “opposite way”
discretionary transaction (as described in Rule 16b-3(f) thereunder) is automatically voided and will be deferred until six months have elapsed from the date of the most recent “opposite way” discretionary transaction under any Plan of the
Company. 
 

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