Document:

Colgate-Palmolive Company Supplemental Salaried Employees' Retirement Plan

 EXHIBIT 10-B (a) 
 COLGATE-PALMOLIVE COMPANY 
 SUPPLEMENTAL SALARIED EMPLOYEES’ RETIREMENT PLAN 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	PAGE
	 ARTICLE I
	 	 INTRODUCTION
	  	1
			
	 Section 1.1
	 	 Name of Plan
	  	1
			
	 Section 1.2
	 	 Background and Effective Date
	  	1
			
	 Section 1.3
	 	 ERISA and Code Status
	  	2
			
	 ARTICLE II
	 	 DEFINITIONS
	  	3
			
	 Section 2.1
	 	 “Actuarial Equivalent”
	  	3
			
	 Section 2.2
	 	 “Base Plan”
	  	3
			
	 Section 2.3
	 	 “Benefit Commencement Date”
	  	3
			
	 Section 2.4
	 	 “Determination Date”
	  	3
			
	 Section 2.5
	 	 “Eligible Employee”
	  	3
			
	 Section 2.6
	 	 “Grandfathered Benefit”
	  	4
			
	 Section 2.7
	 	 “Maximum Benefit”
	  	4
			
	 Section 2.8
	 	 “Member”
	  	5
			
	 Section 2.9
	 	 “Member Eligible for an Increased Benefit”
	  	5
			
	 Section 2.10
	 	 “Non-Grandfathered Benefit”
	  	6
			
	 Section 2.11
	 	 “Specified Employee”
	  	6
			
	 ARTICLE III
	 	 BENEFITS
	  	6
			
	 Section 3.1
	 	 Participation
	  	6
			
	 Section 3.2
	 	 Amount of Member’s Benefit
	  	6
			
	 Section 3.3
	 	 Amount of Beneficiary’s Benefit
	  	8
			
	 Section 3.4
	 	 Time and Form of Payment
	  	9
			
	 Section 3.5
	 	 Effect of Changes in the Maximum Benefit
	  	11
			
	 Section 3.6
	 	 Reduction in Benefits for Members in Foreign Service
	  	11
			
	 Section 3.7
	 	 Reduction in Benefits for Members Electing to Maintain Prior Plan Benefits
	  	12
			
	 Section 3.8
	 	 Reduction in Benefits for FICA Tax Imposed on Plan Benefits
	  	12
			
	 Section 3.9
	 	 Benefits Subject to Withholding
	  	13
			
	 Section 3.10
	 	 Beneficiary Designation
	  	13
			
	 ARTICLE IV
	 	 PLAN ADMINISTRATION
	  	14
			
	 Section 4.1
	 	 Employee Relations Committee
	  	14
			
	 Section 4.2
	 	 Claims Procedures
	  	15

  

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 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
	 Section 4.3
	  	 Delegated Responsibilities
	  	16
			
	 Section 4.4
	  	 Amendment and Termination
	  	16
			
	 Section 4.5
	  	 Payments
	  	16
			
	 Section 4.6
	  	 Non-Assignability of Benefits
	  	16
			
	 Section 4.7
	  	 Plan Unfunded
	  	17
			
	 Section 4.8
	  	 Applicable Law
	  	17
			
	 Section 4.9
	  	 No Employment Rights Conferred
	  	17
			
	 Section 4.10
	  	 Plan to Comply with Code Section 409A
	  	18
			
	 APPENDIX A
	  		  	i

  

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 COLGATE-PALMOLIVE COMPANY 
 SUPPLEMENTAL SALARIED EMPLOYEES’ RETIREMENT PLAN 
 Colgate-Palmolive Company (the
“Company”) hereby continues the Supplemental Salaried Employees’ Retirement Plan (the “Plan”), a non-qualified, unfunded plan which it maintains to provide Eligible Employees with benefits which, in the absence of certain
limitations imposed by the Code, would have been provided under the Colgate-Palmolive Company Employees’ Retirement Income Plan (the “Base Plan”), as well as additional benefits to surviving spouses in the event of the death of
certain married Members. 
 ARTICLE I 
 INTRODUCTION 
  

	Section 1.1	Name of Plan. The name of this Plan is the “Supplemental Salaried Employees’ Retirement Plan”. 

  

	Section 1.2	 Background and Effective Date. The original effective date of the Plan is January 1, 1976. The Base Plan was amended effective July 1, 1989 to,
inter alia, establish pension retirement accounts and to permit lump sum payments of the amounts credited to such accounts. The Base Plan amendment required changes in the administration and interpretation of this Plan. This amendment and
restatement of the Plan which, except as otherwise provided herein, is generally effective for Members and Beneficiaries whose Benefit Commencement Date is on or after July 1, 1989, is intended to reflect the administration and operation of the
Plan in practice since July 1, 1989, including, with respect to benefits earned and vested as of December 31, 2004, the terms of the Plan as in existence on 

  

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October 3, 2004. This Plan is further hereby amended and restated effective January 1, 2005 for the purpose of complying with the requirements of
Internal Revenue Code (“Code”) section 409A as added by the American Jobs Creation Act of 2004. The Company does not intend by the retroactive application of this amended and restated Plan to materially modify, or otherwise increase or
reduce, the benefits or rights under this Plan as in existence on October 3, 2004 for purposes of Code section 409A and applicable guidance thereunder with respect to benefits earned and vested as of December 31, 2004, and this Plan shall
be interpreted consistent with such intent. 

  

	Section 1.3	ERISA and Code Status. This Plan is intended to be an unfunded plan for the benefit of a select group of management or highly compensated employees exempt from parts 2, 3 and
4 of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). With respect to the portion of the Plan which provides benefits in excess of the limitations imposed by section 415 of the Code, that portion is
intended to be a separate plan which is an excess benefit plan exempt from ERISA. The Plan is also intended to comply with Code section 409A with respect to amounts deferred after December 31, 2004, and amounts which were deferred on or before
but not vested on December 31, 2004. The Plan shall be administered and interpreted consistent with such intent. 

  

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 ARTICLE II 
 DEFINITIONS 
 Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Base
Plan. Whenever reference is made herein to “this Plan”, such reference shall be to this Supplemental Salaried Employees’ Retirement Plan. 
  

	Section 2.1	“Actuarial Equivalent” shall mean equality in value of the aggregate benefits expected to be received under different forms of payment. For those Members whose benefits
under the Base Plan is not calculated under Appendices B, C, or D of the Base Plan, the underlying actuarial assumptions used as a basis for these calculations are those which are stated in the Base Plan. For those Members whose benefit under the
Base Plan is calculated under Appendices B, C, or D of the Base Plan, the underlying actuarial assumptions used as a basis for these calculations are those in effect under the Base Plan prior to January 1, 2000. 

  

	Section 2.2	“Base Plan” shall mean the Colgate-Palmolive Company Employees’ Retirement Income Plan, as amended from time to time. 

  

	Section 2.3	“Benefit Commencement Date” shall mean the first day of the month as of which a Member’s benefit is paid as an annuity or in any other form under this Plan.

  

	Section 2.4	“Determination Date” shall mean the date as of which benefits commence under the Base Plan. 

  

	Section 2.5	“Eligible Employee” shall mean an “Eligible Employee,” as defined in the Base Plan, who is entitled to a retirement benefit under the Base Plan which is limited
by Code sections 401(a)(17) and/or 415, and/or any other Employee who satisfies each of the requirements of Section 2.8. 

  

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	Section 2.6	“Grandfathered Benefit” shall mean the lesser of (i) the benefit amount stated in a schedule maintained by the Employee Relations Committee (which represents the
present value of the amount to which the Member would have been entitled under this Plan if he had voluntarily terminated employment without cause on December 31, 2004 and received a payment of the benefits available from the Plan on the
earliest possible date allowed under the Plan to receive a payment of benefits following termination of employment, and received the benefit in the form with the maximum value, and (ii) the benefit payable under this Plan on the Benefit
Commencement Date. For any subsequent year, the amount determined under (i) may increase to equal the present value of the benefit the Member actually becomes entitled to, in the form and at the time actually paid, determined under the terms of
the Plan (including applicable limits under the Internal Revenue Code), as in effect on October 3, 2004, without regard to any further services rendered by the Member after December 31, 2004, or any other events affecting the amount of the
Member’s entitlement to benefits (other than a Member election with respect to the time or form of an available benefit). Calculations of the amount determined under (i) shall be made in accordance with Reg. §1.409A-6(a)(3)(i) using
reasonable actuarial assumptions and methods as determined thereunder. 

  

	Section 2.7	 “Maximum Benefit” shall mean the maximum annual benefit payable in the form of a straight life annuity or, in the case of a married Member, a qualified
joint and 

  

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survivor annuity as defined in Code section 417(b), which is permitted to be paid to a Member under the Base Plan, as determined under all applicable
provisions of the Code and ERISA, specifically taking into account the limitations of Code sections 401(a)(17) and 415, and any applicable regulations thereunder. It is intended that the Maximum Benefit, as defined herein, shall automatically
increase whenever the dollar limits or compensation limits under Code sections 401(a)(17) and 415 increase; provided, however, that no adjustments to the Maximum Benefit will be recognized after a Member’s Benefit Commencement Date.

  

	Section 2.8	“Member” shall mean an Eligible Employee who participates in this Plan pursuant to Section 3.1. An Eligible Employee shall remain a Member under this Plan until all
amounts payable on his behalf from this Plan have been paid. 

  

	Section 2.9	“Member Eligible for an Increased Benefit” shall mean an Employee who (i) is in salary grade 19 or above, (ii) has been credited with ten (10) or more years
of vesting service under the Base Plan, (iii) is covered under the Above and Beyond Plan, (iii) is covered under Appendices B, C or D of the Base Plan or elects to receive all or a portion of his benefit under the Base Plan in the form of
an annuity, (iv) has been married to the same Spouse for at least one year prior to his Benefit Commencement Date, (v) is married to the person described in (iv) at the time of his death, and (vi) the person described in
(iv) and (v) above is the Member’s only designated beneficiary under the Base Plan. 

  

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	Section 2.10	“Non-Grandfathered Benefit” shall mean the portion of the benefit payable under this Plan which exceeds the Grandfathered Benefit, calculated using the actuarial
assumptions specified in Section 2.1 as of the Determination Date. 

  

	Section 2.11	“Specified Employee” shall mean a person identified in accordance with procedures adopted by the Company that reflect the requirements of Code section 409A(a)(2)(B)(i).

 ARTICLE III 
 BENEFITS 
  

	Section 3.1	Participation. An Eligible Employee shall become a Member under this Plan on the earlier of (i) the date his accrued benefit under the Base Plan, determined without
regard to the limitations of Code Sections 401(a)(17) and 415, exceeds the Maximum Benefit, or (ii) the date he satisfies each of the requirements of Section 2.8. 

  

	Section 3.2	 Amount of Member’s Benefit. In the case of any Member whose Determination Date is coincident with or immediately following his separation from service,
such Member shall be entitled to a benefit under this Plan, the Actuarial Equivalent of which is equal to the difference between: (i) the benefit that would have been payable under the Base Plan as of such date in the form elected by the Member
under such plan if the limitations of Code sections 401(a)(17) and 415 were not take into account in calculating the benefit; and (ii) the benefit actually payable under the Base Plan. In the case of a Member Eligible for the Increased Benefit,
the determination of the benefit payable under the Base Plan under (i) of 

  

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the immediately preceding sentence shall be made by assuming that the benefit is payable in the form of a joint and 75% surviving spouse annuity with no
actuarial reduction to reflect the 75% survivor annuity, provided, however that in any case where the surviving spouse is more than 60 months younger than the Member, the additional 25% surviving spouse annuity shall be reduced 1/8 of 1% (.00125)
per month for each month over 60 months that the surviving spouse is younger than the Member. In any case where the Determination Date under the Base Plan does not coincide with, or immediately follow, the Member’s separation from service, the
Member shall be entitled to a benefit under this Plan, the Actuarial Equivalent of which is equal to the difference between: (i) the annual benefit that would have been payable under the Base Plan in the normal form as of the earliest date the
Member could have commenced benefits under the Base Plan following his separation from service if the limitations of Code sections 401(a)(17) and 415 were not taken into account in calculating the benefit; and (ii) the Maximum Benefit
applicable to the Member as of that date. In the case of a Member Eligible for the Increased Benefit, the determination of the benefit payable under the Base Plan under (i) of the immediately preceding sentence shall be made in accordance with
the second sentence of this Section 3.2. 

 The benefit amount determined above is subject to reduction as provided
in Sections 3.6, 3.7 and 3.8. The benefit amount (after the reductions required under Sections 3.6 and 3.7 but prior to the reduction required under Section 3.8), when expressed as a straight life annuity, and then added to the benefit payable
under the Base Plan, when expressed as a straight life annuity (in each case using the 

  

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actuarial assumptions specified in Section 2.1 which are in effect on the Benefit Commencement Date), shall be limited to 70 percent of the
Member’s salary base on the date of separation from service plus the value of the executive incentive compensation (whether or not payable in cash) awarded for services rendered in the calendar year immediately preceding the calendar year
containing the separation from service date. For this purpose, executive incentive compensation includes cash and non-cash awards under the Executive Incentive Compensation Plan of the Company. Also for this purpose, restricted stock issued pursuant
to the Executive Incentive Compensation Plan shall be valued at its publicly traded value on the New York Stock Exchange at the close of business on the date of grant. 
  

	Section 3.3	 Amount of Beneficiary’s Benefit. Upon the death of a Member whose Beneficiary is eligible for a Beneficiary’s benefit under the Base Plan, such
Beneficiary shall be entitled to an annual benefit under this Plan equal to the difference between (i) the benefit that would have been payable to the Beneficiary under the Base Plan if the limitations of Code Sections 401(a)(17) and 415
were not taken into account in calculating the benefit; and (ii) the benefit actually payable to the Beneficiary under the Base Plan. In the case of a Member Eligible for the Increased Benefit who dies after retirement, the determination of the
benefit payable under the Base Plan under (i) of the immediately preceding sentence shall be made by assuming that the normal form of benefit is in the form of a joint and 75% surviving spouse annuity with no actuarial reduction to reflect the
75% survivor annuity, provided, however that in any case where the surviving 

  

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spouse is more than 60 months younger than the Member, the additional 25% surviving spouse annuity shall be reduced 1/8 of 1% (.00125) per month for each
month over 60 months that the surviving spouse is younger than the Member. Notwithstanding the above, the Beneficiary of a Member Eligible for an Increased Benefit shall not be entitled to receive a total benefit under the Base Plan and the Plan
that exceeds the Member Eligible for an Increased Benefit’s normal retirement benefit under the Base Plan and the Plan. 

  

	Section 3.4	Time and Form of Payment. 

  

	 	(a)	Separation from Service On or After January 1, 2008 – Grandfathered Benefit. Payment of the Grandfathered Benefit under this Plan to a Member or Beneficiary shall commence
as of the Determination Date and, except as provided in this Section 3.4(a), shall be paid in the same form as the benefit payable under the Base Plan. 

  

	 	(i)	A Member or Beneficiary whose benefit under the Base Plan is calculated under Appendices B, C or D of the Base Plan may request the Employee Relations Committee to approve payment
of his Grandfathered Benefit in a lump sum. Such request must be made at least 90 days prior to his retirement date and will be accepted or denied in the sole discretion of the Employee Relations Committee. 

  

	 	(ii)	A Member or Beneficiary whose benefit under the Base Plan is not calculated under Appendices B, C or D may, with the Employee Relations Committee approval, receive payment of his
Grandfathered Benefit in the form of a lump sum. 

  

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	 	(b)	Separation from Service on or After January 1, 2008 – Non-Grandfathered Benefit. 

  

	 	(i)	A Member whose benefit under the Base Plan is calculated under Appendices B, C or D of the Base Plan and who is married on the date of his separation from service shall receive
payment of the Non-Grandfathered Benefit in the form of a Joint and 50% Survivor Annuity (Joint and 75% if such Member is a Member Eligible for the Increased Benefit), commencing as soon as practicable following the Member’s separation from
service. If such Member is not married on the date of his separation from service, payment of the Non-Grandfathered Benefit shall be made in the form of a level monthly annuity for life commencing as soon as practicable following the Member’s
separation from service. Payment to a Beneficiary shall be made in the form of a level monthly annuity for life commencing as soon as practicable following the Member’s death. 

  

	 	(ii)	 A Member or Beneficiary whose benefit under the Base Plan is not calculated under Appendices B, C or D of the Base Plan shall receive payment of the
Non-Grandfathered Benefit in the form of a lump sum as soon as practicable following the Member’s 

  

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separation from service. Payment to a Beneficiary shall be made in the form of a lump sum as soon as practicable following the Member’s death.

 The foregoing notwithstanding, in any case where the Member is a Specified Employee, payment of the Non-Grandfathered
Benefit under this Section 3.4(b) shall be deferred until the earlier of (i) the date that is six months following the Member’s separation from service, or (ii) the date of the Member’s death. If benefits are paid in the
form of an annuity, the portion of the Non-Grandfathered benefit that would have been paid during this six month period shall be accumulated and paid in a lump sum at the end of this period. If the benefit is paid in the form of a lump sum, interest
credits shall continue throughout the six month period. 
  

	 	(c)	Separation from Service Before January 1, 2008. See Appendix A. 

  

	Section 3.5	Effect of Changes in the Maximum Benefit. If, prior to a Member’s Benefit Commencement Date, the benefits payable under the Base Plan increase as a result of increases
in the Maximum Benefit, the benefits under this Plan shall be recalculated to take into account the higher Maximum Benefit payable from the Base Plan. If such an increase occurs after the Member’s Benefit Commencement Date, no adjustment shall
be made to the benefits payable under this Plan. 

  

	Section 3.6	 Reduction in Benefits for Members in Foreign Service. A Member’s benefit under this Plan (including his Beneficiary’s benefits) based upon his
participation in the Plan subsequent to December 31, 1965 shall be reduced by any foreign 

  

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retirement benefits which the Member has received or will receive which are attributable to direct or indirect contributions by the Company or any of its
Subsidiaries or branches. The amount of this reduction shall be determined in accordance with the provisions of the Base Plan. 

  

	Section 3.7	Reduction in Benefits for Members Electing to Maintain Prior Plan Benefits. For those Members who elected to make Contributions to Maintain Prior Plan Benefits pursuant to
Appendix C of the Base Plan, the benefit otherwise payable under this Plan shall be reduced by an amount determined to be the benefit attributable to the contributions that would have been required of the Member under the Base Plan formula to
Maintain Prior Plan Benefits for benefits in excess of the Maximum Benefit, and interest thereon calculated at a rate equal to the interest crediting rate under the Base Plan during the period that such contributions would have been required.

  

	Section 3.8	Reduction in Benefits for FICA Tax Imposed on Plan Benefits. Effective for Benefit Commencement Dates on or after January 1, 2005, where the Member’s Benefit
Commencement Date coincides with the Member’s “resolution date,” as defined in Reg. § 31.3121(v)(2)-1(e)(4)(i), and all or a portion of the Member’s benefit is payable as a lump sum, the lump sum payment shall be
reduced by the Actuarial Equivalent of the taxes imposed on the Member under Code sections 3101(a) and (b) (and the income tax required to be withheld on the amount of such taxes) which are attributable to the Member’s Plan benefit, which
amounts shall be paid in satisfaction of the Member’s tax liability. 

  

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	Section 3.9	Benefits Subject to Withholding. The benefits payable under this Plan shall be subject to the deduction of any federal, state, or local income taxes, employment taxes or
other taxes which are required to be withheld from such payments by applicable laws and regulations. Any employment taxes owed by the Member with respect to any deferral, accrual or benefit payable under this Plan which have not been satisfied under
Section 3.8 may be withheld from benefits paid under this Plan or any other compensation of the Member. 

  

	Section 3.10	Beneficiary Designation. The Member’s Beneficiary for purposes of any survivor benefits under this Plan will automatically be the same as such Member’s Beneficiary
under the Base Plan. Notwithstanding any other provision of this Plan, the consent of the Member’s Spouse shall not be required to elect a lump sum payment of the Grandfathered Benefit. In the absence of a Beneficiary who survives the Member,
upon the Member’s death, payment of any benefit owed to a Member’s Beneficiary, if any, shall be made to the Member’s estate in a lump sum as soon as practicable. 

  

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 ARTICLE IV 
 PLAN ADMINISTRATION 
  

	Section 4.1	Employee Relations Committee. This Plan shall be administered by the Employee Relations Committee which shall have full authority to administer and interpret this Plan, make
payments and maintain records hereunder, including but not limited to the power: 

  

	 	(i)	to determine who are Eligible Employees for purposes of participation in the Plan; 

  

	 	(ii)	to interpret the terms and provisions of the Plan and to determine any and all questions arising under the Plan, including without limitation, the right to remedy possible
ambiguities, inconsistencies, or omissions by a general rule or particular decision; and 

  

	 	(iii)	to adopt rules consistent with the Plan. 

 The Employee
Relations Committee may adopt or amend from time to time such procedures as may be required for the proper administration of the Plan. All interpretations of the Employee Relations Committee shall be final and binding on all parties including
Members, Spouses and Beneficiaries, and the Company and its affiliates. 
  

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	Section 4.2	Claims Procedures. Any complaint with regard to benefits under the Plan should be directed to the Secretary of the Employee Relations Committee, Colgate-Palmolive, 300 Park
Avenue, New York, NY 10022. Such complaint must be filed in writing no later than 90 days after the date of retirement, termination or other occurrence related to the complaint. Within 90 days of the filing of such claim, unless special
circumstances require an extension of such period, such person will be given notice in writing of the approval or denial of the claim. If the claim is denied, the notice will set forth the reason for the denial, the Plan provisions on which the
denial is based, an explanation of what other material or information, if any, is needed to perfect the claim, and an explanation of the claims review procedure. The claimant may request a review of such denial within 60 days of the date of receipt
of such denial by filing notice in writing with the Employee Relations Committee. The claimant will have the right to review pertinent Plan documents and to submit issues and comments in writing. The Employee Relations Committee will respond in
writing to a request for review within 60 days of receiving it, unless special circumstances require an extension of such period. If the claimant does not request such a review or the Employee Relations Committee fails to respond to such a request
for review in writing, the request for review will be deemed to have been made and denied on the 120th day after the date of the initial denial. The Employee Relations Committee, in its discretion, may request a meeting to clarify any matters deemed
appropriate. No action may be brought for benefits under this Plan pursuant to the denial of a claim, unless such claim was timely made under this Section and such complaint is filed on or before one year from the denial or deemed denial by the
Employee Relations Committee of any such claim upon review. 

  

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	Section 4.3	Delegated Responsibilities. The Employee Relations Committee shall have the authority to delegate any of its responsibilities to such persons as it deems proper.

  

	Section 4.4	Amendment and Termination. The Company may amend, modify or terminate this Plan at any time, provided, however, that no such amendment, modification or termination shall
reduce any benefit under this Plan to which a Member, or the Member’s Beneficiary, is entitled under Article III prior to the date of such amendment or termination, and in which such Member or Beneficiary would have been vested if such benefit
had been provided under the Base Plan, unless the Member or Beneficiary becomes entitled to an amount equal to the Actuarial Equivalent of such benefit under another plan, including the Base Plan, program or practice adopted by the Company. The
Employee Relations Committee may make changes to this Plan which do not materially reduce the value of the benefits paid under this Plan to conform to, or take advantage of, any governmental requirements, statutes, regulations or other authority.

  

	Section 4.5	Payments. The Company will pay all benefits arising under this Plan and all costs, charges and expenses relating thereto out of its general assets. 

 

	Section 4.6	 Non-Assignability of Benefits. Except as otherwise required by law, neither any benefit payable hereunder nor the right to receive any future benefit under
this Plan may be anticipated, alienated, sold, transferred, assigned, pledged, encumbered, or subjected to any charge or legal process, and if any attempt is 

  

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made to do so, or a person eligible for any benefits under this Plan becomes bankrupt, the interest under this Plan of the person affected may be terminated
by the Employee Relations Committee which, in its sole discretion, may cause the same to be held or applied for the benefit of one or more of the dependents of such person or make any other disposition of such benefits that it deems appropriate and
is consistent with Code Section 409A. 

  

	Section 4.7	Plan Unfunded. Nothing in this Plan shall be interpreted or construed to require the Company in any manner to fund any obligation to the Members or Beneficiaries hereunder.
Nothing contained in this Plan nor any action taken here under shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Members or Beneficiaries. Any funds which may be accumulated in
order to meet any obligation under this Plan shall for all purposes continue to be a part of the general assets of the Company. To the extent that any Member or Beneficiary acquires a right to receive payments from the Company under this Plan, such
rights shall be no greater than the rights of any unsecured general creditor of the Company. 

  

	Section 4.8	Applicable Law. All questions pertaining to the construction, validity and effect of this Plan shall be determined in accordance with the laws of the State of Delaware, to
the extent not preempted by Federal law. 

  

	Section 4.9	No Employment Rights Conferred. The establishment of the Plan shall not be construed as conferring any rights upon any Eligible Employee for continuation of employment, nor
shall it be construed as limiting in any way the right of the Company to discharge any Eligible Employee or treat him without regard to the effect which such treatment might have upon him under the Plan. 

  

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	Section 4.10	Plan to Comply with Code Section 409A. Notwithstanding any provision to the contrary in this Plan, each provision in this Plan shall be interpreted to permit the deferral of
compensation in accordance with Code section 409A and any provision that would conflict with such requirements shall not be valid or enforceable. 

  

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 APPENDIX A TO 
 COLGATE-PALMOLIVE COMPANY 
 SUPPLEMENTAL SALARIED EMPLOYEES RETIREMENT PLAN

  

	Section 3.4	Time and Form of Payment 

  

	 	(c)	Separation from Service Prior to January 1, 2008. 

  

	 	(i)	Determination Date Prior to January 1, 2006. Payment of benefits under this Plan to a Member or Beneficiary whose Determination Date is prior to January 1, 2006 shall
commence on the Determination Date and, except as provided in this Section 3.4(c)(i), shall be payable in the same form as the benefit payable under the Base Plan. 

  

	 	(A)	A Member whose benefit is calculated under Appendices B, C or D of the Base Plan and whose Determination Date is on or before July 27, 2005 may request the Employee Relations
Committee to approve payment of his Grandfathered Benefit in a lump sum. Such request must be made at least ninety (90) days prior to his retirement date and will be accepted or denied in the sole discretion of the Employee Relations Committee.
In the event a lump sum payment request is approved, the amount of the payment shall be determined based upon the actuarial assumptions specified in Section 2.1 which are in effect on the Benefit Commencement Date. 

  

 i 

	 	(B)	A Member whose benefit is calculated under Appendices B, C or D of the Base Plan and whose Determination Date is on or after July 27, 2005 and before January 1, 2006 may
request the Employee Relations Committee to approve payment of his entire benefit in a lump sum. Such request must be made at least 90 days prior to his retirement date and will be accepted or denied in the sole discretion of the Employee Relations
Committee. In the event a lump sum payment request is approved, the amount of the payment shall be determined based upon the actuarial assumptions specified in Section 2.1 which are in effect on the Benefit Commencement Date. The approval of
any such request shall be deemed a cancellation of amounts deferred under the Plan during 2005 pursuant to Q&A-20(a) of IRS Notice 2005-1. 

  

	 	(C)	Any other Member whose benefit under the Base Plan is payable in the form of a lump sum may, with the Employee Relations Committee approval, receive payment of his entire benefit
under the Plan in the form of a lump sum. The approval of any such request shall be deemed a cancellation of amounts deferred under the Plan during 2005 pursuant to Q&A-20(a) of IRS Notice 2005-1. 

  

 ii 

	 	(ii)	Determination Date After December 31, 2005. 

  

	 	(A)	Grandfathered Benefit. Payment of the Grandfathered Benefit under this Plan to a Member or Beneficiary shall commence on the Determination Date and, except as provided in this
Section 3.4(c)(ii)(A), shall be paid in the same form as the benefit payable under the Base Plan. 

  

	 	(I)	A Member or Beneficiary whose benefit under the Base Plan is calculated under Appendices B, C or D of the Base Plan may request the Employee Relations Committee to approve payment
of his Grandfathered Benefit in a lump sum. Such request must be made at least 90 days prior to his retirement date and will be accepted or denied in the sole discretion of the Employee Relations Committee. 

  

	 	(II)	A Member or Beneficiary whose benefit under the Base Plan is not calculated under Appendices B, C or D may, with the Employee Relations Committee approval, receive payment of his
Grandfathered Benefit in the form of a lump sum. 

  

 iii 

	 	(B)	Non-Grandfathered Benefit. Except as otherwise provided herein, 

  

	 	(I)	 a Member whose benefit under the Base Plan is calculated under Appendices B, C or D of the Base Plan and who is married on the date of his separation from service
shall receive payment of the Non-Grandfathered Benefit in the form of a Joint and 50% Survivor Annuity (Joint and 75% if such Member is a Member Eligible for the Increased Benefit), commencing as soon as practicable following the Member’s
separation from service. If such Member is not married on the date of his separation from service, payment of the Non-Grandfathered Benefit shall be made in the form of a level monthly annuity for life commencing as soon as practicable following the
Member’s separation from service. Payment to a Beneficiary shall be made in the form of a level monthly annuity for life commencing as soon as practicable following the Member’s death. The foregoing notwithstanding, certain Members
designated by the Committee who meet the requirements set forth in Section 3.02 of IRS Notice 2006-79 may elect on or 

  

 iv 

	 	 
before December 31, 2007 to receive payment of the Non-Grandfathered Benefit following the Member’s separation from service in the form of a lump
sum provided such election is made prior to the calendar year in which the Member’s separation from service occurs. 

  

	 	(II)	A Member or Beneficiary whose benefit under the Base Plan is not calculated under Appendices B, C or D of the Base Plan shall receive payment of the Non-Grandfathered Benefit in the
form of a lump sum as soon as practicable following the Member’s separation from service. Payment to a Beneficiary shall be made in the form of a lump sum as soon as practicable following the Member’s death. 

 The foregoing notwithstanding, in any case where the Member is a Specified Employee, payment of the Non-Grandfathered Benefit under this
Section 3.4(c) (other than payments described in Section 3.4(c)(i)(B) and (C)) shall be deferred until the earlier of (i) six months following the Member’s separation from service or (ii) the date of the Member’s death.
If benefits are paid in the form of an annuity, the portion of the Non-Grandfathered benefit that would have been paid during this six month period shall be accumulated and paid in a lump sum at the end of this period. If the benefit is paid in the
form of a lump sum, interest credits shall continue throughout the six month period. 
  

 vAmended and Restated Colgate-Palmolive Company Supplemental Retirement Plan

 EXHIBIT 10-B(b) 
 AMENDED AND RESTATED TRUST AGREEMENT 
 AMENDED AND RESTATED TRUST AGREEMENT made and entered into as
of the 2nd day of August, 1990 by and between Colgate-Palmolive Company, a corporation organized under the laws of the State of Delaware (hereinafter referred to as the “Company”), and THE BANK OF NEW YORK, a New York Banking corporation
(hereinafter referred to as the “Trustee”), amending and restating that certain Trust Agreement made and entered into as of August 13, 1987, between the Company and the Trustee (the “Trust Agreement”). 
 WHEREAS, the Company maintains the Colgate-Palmolive Company Supplemental Salaried Employees Retirement Income Plan (the “Plan”) for selected
officers and other key employees of the Company; and 
 WHEREAS, a Committee (the “Committee”) has been designated to control and
manage the operation and administration of the Plan; and 
 WHEREAS, under the Plan, the Company is required to pay to the Participants or
their beneficiaries Benefits, which Benefits are contemplated by the Plan to be paid by the Company from its general assets; and 
 WHEREAS,
the Company wishes to amend and restate the Trust already established to aid it in meeting its obligations to pay Benefits under the Plan and to be assured that Benefits will be paid following a Change of Control; and 
 WHEREAS, this amendment and restatement of the Trust Agreement shall not affect the Company’s continuing obligation to make payments to Participants
and their beneficiaries under the Plan except that the Company’s liability shall be offset by actual payments made by the Trustee hereunder; and 
 WHEREAS, the Trust shall initially be revocable but shall become irrevocable upon the occurrence of a Change of Control; and 
 WHEREAS, the Company intends to make contributions to the Trust from time to time as it shall determine or to establish a letter of credit pursuant to which funds may be contributed to the Trust, and intends that the
Trust Fund be held by the Trustee and invested, reinvested and distributed all in accordance with the provisions of the Trust Agreement; and 
 WHEREAS, the Trust is intended to be a “grantor trust” with the result that the corpus and income of the Trust are treated as assets and income of the Company pursuant to Sections 671 through 679 of the Internal Revenue Code of
1986, as amended (the “Code”); and 

 WHEREAS, the Company intends that the Trust Fund shall at all times be subject to the claims of its
existing or future general creditors as herein provided and that the Plan not be deemed funded solely by virtue of the existence of this Trust; and 
 WHEREAS, in and by Section 7.01(a) of the Trust Agreement, the Company, with the consent of the Trustee, desires to amend and restate the Trust Agreement in its entirety as hereinafter set forth. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the Company and the Trustee declare and agree as follows: 
 ARTICLE I 
 DEFINITIONS; ESTABLISHMENT AND
AMENDMENT OF TRUST 
 Section 1.01. Definitions. Whenever used in this Trust Agreement, unless otherwise provided or the
context otherwise requires: 
 (a) “Affiliate” shall mean any person, corporation or other entity which the Company shall
have advised the Trustee in writing is a subsidiary or affiliate of the Company or its successor or which owns 20% or more of the voting securities of the Company. 
 (b) “Aggregate Lump Sum Accrued Benefits” shall mean the sum of all Participants’ Lump Sum Accrued Benefits (as such term is defined in Section 4.02(d)) pursuant to the most recent Payment
Schedules received by the Trustee and which are in effect for each Participant. 
 (c) “Benefits” shall mean the payments
required to be paid to a Participant or his beneficiary by the Company under the Plan. Following a Change of Control, all Benefits payable to Participants shall be made in the form of a lump sum. 
 (d) “Change of Control” shall have the meaning assigned to such term by Section 6.02 hereof. 
 (e) “Code” shall mean the Internal Revenue Code of 1986 as from time to time amended. 
 (f) “Committee” shall mean (i) prior to a Change of Control, the Employee Relations Committee (the members of which are appointed
by the Board of Directors of the Company), which shall control and manage the operation and administration of the Plan, and (i) following a Change of Control, the Committee described in (i) above as constituted immediately prior to the
Change of Control with such changes in the membership thereof as may be approved from time to time following the Change of Control 

  

 2 

 
by a majority of the members of such Committee as constituted at the applicable time. The Company shall have no right to appoint members, to, or to remove
members from, the Committee following a Change of Control. 
 (g) “Company” shall mean Colgate-Palmolive Company or its
successors. 
 (h) “Consulting Firm” shall mean the actuarial or consulting firm from time to time designated by the
Committee in a written notice provided to the Trustee and in effect at the applicable time. In the event of a merger or consolidation of a Consulting Firm, the successor or surviving firm shall be deemed to be the Consulting Firm hereunder, unless
the Committee shall designate a different actuarial or consulting firm as the Consulting Firm. The Trustee may rely on and shall be fully protected in relying on any notice, direction or certification of the Consulting Firm provided to it.

 (i) “Determination” shall have the meaning assigned to such term by Section 1313(a) of the Code. 
 (j) “Insolvent” with respect to the Company means that (i) the Company is unable to pay its debts generally as they come due and/or
(ii) the Company is subject to a pending proceeding as a debtor under the Federal Bankruptcy Code or any successor statute. 
 (k)
“Letter of Credit” shall mean a letter of credit maintained by the Company for the purpose of making payments to the Trust in accordance with Section 3.02. 
 (l) “Participant” shall mean an employee of the Company to whom Benefits are payable under the Plan. 
 (m) “Payment Schedule” shall mean, with respect to each Participant, a description of Benefits in the form annexed hereto as Exhibit A
Page 2, or any amendment or substitution thereof as may be provided to the Trustee by the Company and in effect at the applicable time in accordance with Section 4.07. 
 (n) “Trust” shall mean the Trust established under the Trust Agreement. 
 (o) “Trust Agreement” shall mean this trust agreement as from time to time amended. 
 (p) “Trust Fund” shall mean the trust fund held from time to time by the Trustee hereunder consisting of all contributions received by
the Trustee together with the investments and reinvestments made therewith and all net profits and earnings thereon less all payments and charges therefrom. 
 (q) “Trustee” shall mean The Bank of New York or its successor. 
  

 3 

 Section 1.02. Establishment, Amendment and Restatement and Title of the Trust. The Company
hereby amends and restates the trust heretofore established with the Trustee and known as the “Colgate-Palmolive Company Supplemental Salaried Employees Retirement Income Plan Trust”, consisting of such sum of money and other property
acceptable to the Trustee as from time to time shall be paid or delivered to the Trustee. The Trust Fund shall continue to be held by the Trustee in trust and shall be dealt with in accordance with the provisions of this Trust Agreement. Prior to a
Change of Control, the Company shall have the power to reacquire the Trust Fund by substituting cash or readily marketable securities of equivalent value, net of any costs of disposition (other than securities issued by the Company or any
Affiliate), and such other property shall, following such substitution, constitute the Trust Fund. 
 Section 1.03. Acceptance of
Amended and Restated Trust by the Trustee. The Trustee accepts the Trust as amended and restated hereunder on the terms and conditions set forth herein and agrees to perform the duties imposed on it by this Amended and Restated Trust Agreement.

 ARTICLE II 
 INVESTMENT AND
ADMINISTRATION OF THE TRUST FUND 
 Section 2.01. Powers and Duties of the Trustee. In addition to every power and discretion
conferred upon the Trustee by any other provision of this Trust Agreement, the Trustee will have the following express powers with respect to the Trust Fund: 
 (a) Subject to the investment guidelines set forth in Section 2.02 hereof, to make investments and reinvestments of the assets of the Trust Fund including investments which yield little or no income and from time
to time hold funds uninvested, without distinction between principal and income; and in making and holding investments, the Trustee will not be restricted to those investments which are authorized by the law of the State of New York for the
investment of trust funds, provided, however, that no investment shall be made in any securities or other obligations of the Company or of any Affiliate. The Trustee is further authorized and empowered to invest and reinvest all or any part of such
assets through the medium of any common, collective or commingled trust fund or pool maintained by it as the same may have heretofore been or may hereafter be established or amended. 
 (b) To retain, to exchange for any other property, to sell in any manner and at any time, any property, and to grant options to sell any such property,
without regard to restrictions and without the approval of any court. 
 (c) To vote personally or by proxy and to delegate power and
discretion to such proxy. 
 (d) To exercise subscription, conversion and other rights and options, and to make payments from the Trust Fund
in connection therewith. 
  

 4 

 (e) To take any action and to abstain from taking any action with respect to any reorganization,
consolidation, merger, dissolution, recapitalization, refinancing and any other plan or change affecting any property, and in connection therewith, to delegate its discretionary powers and to pay assessments, subscriptions and other charges from the
Trust Fund. 
 (f) In any manner, and to any extent, to waive, modify, reduce, compromise, release, settle and extend the time of payment of
any claim of whatsoever nature in favor of or against the Trust or all or any part of the Trust Fund and to commence or defend suits or other legal proceedings in connection therewith. 
 (g) To make executory contracts and to grant options for any purposes, and to make such contracts and options binding on the Trust and enforceable
against any property of the Trust Fund. 
 (h) Upon any terms, to borrow money from any person (including, to the extent permitted by
applicable law, the Trustee in its individual capacity) and to pledge assets of the Trust Fund as security for repayment. 
 (i) To hold all
or any part of the Trust Fund in cash and without obligation to pay or earn interest thereon. 
 (j) To hold assets in time or demand
deposits (including deposits with the Trustee in its individual capacity which pay a reasonable rate of interest). 
 (k) To employ agents,
experts and counsel, to delegate discretionary powers to, and rely upon information and advice furnished by, such agents, experts and counsel and to pay their reasonable fees and disbursements. 
 (l) From time to time to register any property in the name of its nominee or in its own name, or to hold it unregistered or in such form that title shall
pass by delivery or to cause the same to be deposited in a depository or clearing corporation or system established to settle transfers of securities and to cause such securities to be merged and held in bulk by the nominee of such depository or
clearing corporation or system. 
 (m) Subject to Section 2.03 hereof, to apply for, purchase, accept, own (and to exercise all rights
of ownership therein) and retain Insurance Contracts (as defined in Section 2.02 hereof); to exercise all rights, powers and privileges accruing under any such Insurance Contract; to institute and maintain any proceeding at law or in equity to
enforce any payment under any such Insurance Contract; and to do and perform any and all acts and things which may be necessary or proper for the purpose of collecting any sums which may be due and payable pursuant to the terms and provisions of any
such Insurance Contract. 
  

 5 

 (n) Subject to Section 3.02(b), to make drawings from a Letter of Credit in order to obtain
additional contributions to the Trust. 
 Section 2.02. Investment Guidelines. In exercising its powers under Section 2.01
hereof, the Trustee shall, consistent with the overall objective of the Trust Fund, which is the preservation of capital, invest and reinvest the Trust Fund in short-term investments, including, without limitation, obligations issued or guaranteed
by the United States of America or any agency thereof, proportionate interests in any such obligations held by any bank or trust company organized under the laws of the United States of America or any state thereof as a custodian, commercial paper
rated A-1 by Standard & Poors Corporation or P-1 by Moody’s Investment Services, Master Notes of corporations with commercial paper ratings of A-1 or P-1, time or savings deposits and certificates of deposit. Notwithstanding the
foregoing, the Trustee may hold individual or group life insurance and annuity contracts (“Insurance Contracts”) purchased by the Trustee prior to a Change of Control in accordance with the Committee’s instruction or contributed to it
by the Company. The insurer or issuer under each such Insurance Contract is authorized to make payments to the Trustee, to act solely on the instructions of the Trustee, and in every respect to deal solely with the Trustee as the absolute owner of
such Insurance Contract. 
 Section 2.03 Special Provisions with Respect to Insurance. Notwithstanding anything in this Trust
Agreement to the contrary, Insurance Contracts held in the Trust Fund shall be dealt with in accordance with the provisions of this Section. 
 (a) Committee Directions. The Company will be responsible for paying the premiums on each Insurance Contract from time to time held in the Trust Fund and the Trustee shall have no responsibility or liability in connection therewith.
Except as provided in subsection (b) below, the Trustee shall exercise the powers set forth in Section 2.01 of this Trust Agreement with respect to an Insurance Contract in accordance with the instructions of the Committee. The Trustee
shall follow the directions of the Committee concerning the exercise or non-exercise of any powers or options concerning any Insurance Contract held in the Trust Fund. 
 (b) Following a Change of Control. Following a Change of Control, if an event described in Section 7.03 hereof requiring a termination of the Trust shall occur, the Trustee shall surrender all such
Insurance Contracts and receive the cash surrender value thereof. 
 (c) Liability. To the extent permitted by law, neither the
Company, the Committee nor Trustee shall be liable for the refusal of any insurance company to issue, modify or convey any such Insurance Contract, to take any other action requested by the Company, the Committee or the Trustee, as the case may be,
nor be liable for the form, genuineness, validity, 

  

 6 

 
sufficiency or effect of any such Insurance Contract, nor for the act of any person or persons that may render such contract null and void; nor for the
failure of any issuer of any Insurance Contract to pay the proceeds and avails of such Insurance Contract as and when the same shall become due and payable; nor for any delay in payment resulting from any provision contained in any such Insurance
Contract; nor for the fact that for any reason whatsoever any such Insurance Contract shall lapse or otherwise be uncollectible (including, without limitation, as a result of the failure of the Company to pay any premium when due). The Company
hereby agrees to indemnify the Trustee and hold it harmless from and against any claim or liability which may be asserted against the Trustee by reason of its acting on any direction from the Committee or failing to act in the absence of any such
direction with respect to any such Insurance Contract or the acquisition of any Insurance Contract or exercise or non-exercise of any right or option thereunder. 
 ARTICLE III 
 CONTRIBUTIONS 
 Section 3.01 Contributions by the Company. (a) The Trustee shall receive from the Company such amounts in cash or other property
acceptable to the Trustee as the Company shall from time to time determine. The Trustee shall be under no obligation to collect any such contribution. 
 (b) in addition to contributions made to the Trust pursuant to Section 3.01(a), the Company may from time to time deliver to the Trustee such other amounts as may be considered necessary or appropriate to provide
for the payment of expenses of the Trust. 
 (c) In the event that, following a Change of Control, the Trustee is required to pay Benefits to
Participants or their beneficiaries in accordance with Section 4.02, the Company shall deliver to the Trustee such amount as may be necessary (in addition to amounts contributed to the Trust under Section 3.01(a) or (b) or
Section 3.02) in order to comply fully with the requirements of said Section 4.02. The Trustee shall be under no obligation to collect any such amount. 
 Section 3.02. Letter of Credit. (a) The Company may from time to time maintain a Letter of Credit through which the Trustee can receive additional contributions pursuant to Section 3.02(b). Upon
establishing any such Letter of Credit, the Company shall promptly notify the Trustee as to the identity of the issuing bank, the amount of the Letter of Credit and its expiration date, and provide the Trustee with such documents and other
information as the Trustee may need in order to make drawings under the Letter of Credit. Nothing in this Trust Agreement shall require the Company to maintain a Letter of Credit. 
  

 7 

 (b) Upon a Change of Control, the Trustee shall immediately take all necessary steps to make a drawing
upon any Letter of Credit of which it has received notice under Section 3.02(a). The amount drawn down under the Letter of Credit shall equal the lesser of (i) the amount of the Letter of Credit, or (ii) 110% of (A) the Aggregate Lump
Sum Accrued Benefits (assuming immediate termination of employment) payable to all Participants under the terms of the Payment Schedule then in effect, minus (B) the then current balance in the Trust Fund. At any time thereafter that the Letter
of Credit is not fully drawn down and the Aggregate Lump Sum Accrued Benefits (assuming immediate termination of employment) payable to all Participants exceed the balance in the Trust Fund, the Trustee shall immediately take all necessary steps to
draw down an additional amount under the Letter of Credit equal to the lesser of (i) the remaining amount of the Letter of Credit, or (ii) 110% of the difference between such Aggregate Lump Sum Accrued Benefits and the balance in the Trust
Fund. 
 (c) Once obtained by the Trustee in accordance with this Section and deposited in the Trust Fund, amounts paid under a Letter of
Credit shall in all respects be treated as Company contributions under Section 3.01. 
 (d) The Trustee shall have no responsibility for
maintaining or renewing a Letter of Credit. Further, the Trustee shall not be liable for and the Company shall indemnify and hold the Trustee harmless from and against any claim or liability which may be asserted against the Trustee as a result of a
Letter of Credit lapsing or being otherwise uncollectible for any reason whatsoever. The preceding sentence will not cover failure by the Trustee to act in accordance with the provisions of Sections 2.01(n) and 3.02(b). 
 ARTICLE IV 
 PAYMENT OF BENEFITS

 Section 4.01. Payments Prior to a Change of Control. Prior to a Change of Control, the Trustee shall make such payments as
directed by the Committee in writing. 
 Section 4.02. Payments following a Change of Control. Following the occurrence of a
Change of Control; 
 (a) Except as otherwise provided in this Section 4.02, the Trustee shall make payment to a Participant whose
employment has terminated and for whom a Participant affidavit referred to in Section 4.02(c) has been submitted (or, if such Participant is not then living, to the Participant’s beneficiary designated on the Payment Schedule or, absent
such designation or if the designated beneficiary is not living at the time of payment, to the legal representative of the Participant’s estate) at the time or times set forth in the Payment Schedule in effect after the Change of Control. The
Committee shall notify the Trustee in writing of the termination of employment of a Participant, and shall certify in writing to the Trustee the reason for such 

  

 8 

 
Participant’s termination of employment for the purposes of the Payment Schedule and the date of such termination of employment. Subject to the
provisions of Section 4.07, the Payment Schedule for each Participant will be updated at least annually by the Consulting Firm and provided to the Trustee by the Company. Such Payment Schedule shall include the Lump Sum Accrued Benefit of such
Participant as of the date of such termination of employment. Immediately upon receipt of a Participant’s affidavit as referred to in Section 4.02(c), the Trustee shall make payment to such Participant of the amount of the Lump Sum Accrued
Benefit set forth in the most recent Payment Schedule which is in effect as of the date of the Participant’s termination of employment. Upon receipt from the Company of an updated Payment Schedule as prepared by the Consulting Firm with respect
to such Participant, the Trustee shall pay that portion of the Lump Sum Accrued Benefit not reflected in the previously utilized Payment Schedule, if any, to the Participant. No payment under this Section 4.02(a) shall be made in excess of the
amount then held in the Trust Fund. 
 (b) The Trustee shall not make any payments to Participants from the Trust Fund except as provided in
Section 4.02 and 4.03, even though it may be informed from another source that payments are due under the Plan. The Trustee shall be fully protected in acting upon the Payment Schedule and the certification of the Committee in accordance with
subparagraph (a) above (and making payments or omitting to make payments in accordance therewith) and shall have no duty to determine the rights of any person in the Trust Fund or under the Plan or to inquire into the right or power of the
Company to grant any payment to a Participant. Upon receipt of an affidavit from a Participant whose name does not appear on the most recent Payment Schedule then in effect, the Trustee shall have no obligation to make payment of Benefits to such
Participant, but shall be obligated to pay upon receipt from the Company of an appropriately updated Payment Schedule which demonstrates that Benefits are payable to such Participant. 
 (c) In the event that any Benefits are payable as a result of the termination of a Participant’s employment, the Trustee shall be entitled to rely
on either a statement from the Company or an affidavit from the Participant (substantially in the form annexed hereto as Exhibit B) to the effect that a termination of employment has occurred with respect to such Participant and the effective date
thereof. In the event of a conflicting Company statement and a Participant’s affidavit, the Participant’s affidavit shall control. 
 (d) In the event that an event described in Section 7.03 hereof requiring a termination of the Trust shall occur following a Change of Control, the Trustee shall pay the full amount of each Participant’s Lump Sum Accrued Benefit
(as hereinafter defined and determined as of the date of such termination of the Trust) to such Participant (or, if such Participant is not then living, to the Participant’s beneficiary designed on the Payment Schedule, or absent such
designation or 

  

 9 

 
if the designated beneficiary is not living at the time of the payment, to the legal representative of the Participant’s estate) in a single cash lump
sum. If the amount then held in the Trust Fund is not sufficient to pay out the full amount of each Participant’s Lump Sum Accrued Benefit, the amount payable in respect of each Participant shall be proportionally reduced so that the total
amount to be paid equals the balance in the Trust Fund. For the purposes of this Trust Agreement, “Lump Sum Accrued Benefit” shall mean the “Lump Sum Accrued Benefit” designated on the most recent Payment Schedule which is in
effect and is applicable to the particular Participant as of the date of such termination of the Trust or, if such termination occurs on a date other than a date specified on the Payment Schedule, such lump sum amount as shall be specified in a
written certification provided to the Trustee by the Consulting Firm (which dollar amount shall not be less than the amount specified on the Payment Schedule for the date next preceding such date of termination of the Trust, nor greater than the
amount specified on the Payment Schedule for the date next following the date of termination of the Trust). The Trustee shall have no obligation to verify the computation of Lump Sum Accrued Benefits or the determination of the sufficiency of the
Trust Fund to provide the same and may rely and shall be fully protected in relying on the Consulting Firm’s certification with respect thereto and on the Payment Schedule. 
 Section 4.03 Other Payments. Notwithstanding any other provision of this Trust Agreement, if any amounts held in the Trust are found in a
Determination to have been includible in gross income of a Participant prior to payment of such amounts from the Trust, the Trustee shall, as soon as practicable, pay such amounts to such Participant, up to the Lump Sum Accrued Benefit. For purposes
of this Section 4.03, the Trustee shall be entitled to rely on an affidavit from a Participant (substantially in the form annexed hereto as Exhibit C) to the effect that a Determination described in the preceding sentence has occurred.

 Section 4.04. Company’s Continuing Obligations. Notwithstanding any provisions of this Trust Agreement to the contrary,
the Company shall remain obligated to pay the Benefits under the Plan. To the extent the amount in the Trust Fund is not sufficient to pay any Benefit when due, the Company shall pay such deficiency directly to the Participant. Nothing in this Trust
Agreement shall relieve the Company of its liabilities to pay the Benefits except to the extent such liabilities are met by the application of Trust Fund assets. 
 Section 4.05. Excess Amounts. To the extent there remains an amount in the Trust Fund after the Benefits with respect to all Participants have been paid in full, the Trust shall terminate and the assets of
the Trust Fund (if any) after the payment of any unpaid expenses thereof shall be transferred to the Company. 
  

 10 

 Section 4.06. Company’s Income. The Company agrees that all income, deductions and
credits of each such account belong to it as owner for income tax purposes and will be included on the Company’s income tax returns. 
 Section 4.07. Payment Schedule. The Company shall provide the Trustee with a Payment Schedule with respect to each Participant. The Company may amend or substitute Payment Schedules from time to time prior to the occurrence of a
Change of Control, but not thereafter. Following a Change of Control, the Company shall not have the power to amend the Payment Schedule then in effect or to substitute a new Payment Schedule in its place unless (i) with respect to each Participant,
the Benefits payable under the amended or substituted Payment Schedule are at least equal in all respects to the Benefits provided for under the Payment Schedule in effect immediately prior to such amendment or substitution, and (ii) the ratio
which the current balance in the Trust Fund (after any amounts are drawn from the Letter of Credit pursuant to Section 3.02(b)) bears to the Aggregate Lump Sum Accrued Benefits (assuming immediate termination of employment) payable to all
Participants under the amended or substituted Payment Schedule is equal to one or more; however, a Participant may at any time advise the Trustee in writing of a change in the designation of his beneficiary. 
 ARTICLE V 
 CONCERNING THE TRUSTEE

 Section 5.01. Notices to the Trustee. The Trustee may rely on the authenticity, truth and accuracy of, and will be fully
protected in acting upon: 
 (a) any notice, direction, certification, approval or other writing of the Company, if evidenced by an instrument
signed in the name of the Company by its Chairman, President, any Vice President, Secretary or Treasurer; 
 (b) any copy of a resolution of
the Board of Directors of the Company, if certified by the Secretary or an Assistant Secretary of the Company under its corporate seal; and 
 (c) any notice, direction, certification, approval or other writing, oral or other transmitted form of instruction received by the Trustee and believed by it to be genuine and to be sent by or on behalf of the Committee. 
 Section 5.02. Expenses of the Trust Fund. The Trustee is authorized to pay out of the Trust Fund: (a) all brokerage fees and transfer
tax expenses and other expenses incurred in connection with the sale or purchase of investments; (b) all real and personal property taxes, income taxes and other taxes of any kind at any time levied or assessed under any present or future law
upon, or with respect to, the Trust Fund or any property included in the Trust Fund; (c) the Trustee’s compensation and expenses as provided in Section 5.03 hereof; and (d) all other expenses of administering the Trust, unless promptly
paid to the Trustee by the Company. 
  

 11 

 Section 5.03. Compensation of the Trustee. The Company will pay to the Trustee such
reasonable compensation for its services as may be agreed upon from time to time by the Company and the Trustee and will reimburse the Trustee for all reasonable expenses (including attorney’s fees) incurred by the Trustee in the administration
of the Trust. 
 Section 5.04. Protection of the Trustee. The Company shall pay and shall protect, indemnify and save harmless
the Trustee and its officers, employees and agents from and against any and all losses, liabilities (including liabilities for penalties), actions, suits, judgments, demands, damages, costs and expenses (including, without limitation,
attorneys’ fees and expenses) of any nature arising from or relating to any action or any failure to act by the Trustee, its officers, employees and agents or the transactions contemplated by this Trust Agreement, including, but not limited to,
any claim made by a Participant or his beneficiary with respect to payments made or to be made by the Trustee, any claim made by the Company or its successor, whether pursuant to a sale of assets, merger, consolidation, liquidation or otherwise,
that this Trust Agreement is invalid or ultra vires, except to the extent that any such loss, liability, action, suit, judgment, demand, damage, cost or expense has been determined by final judgment of a court of competent jurisdiction to be
the result of the gross negligence or willful misconduct of the Trustee, its officers, employees or agents. To the extent that the Company has not fulfilled its obligations under the foregoing provisions of this Section, the Trustee shall be
reimbursed out of the assets of the Trust Fund or may set up reasonable reserves for the payment of such obligations. The Trustee assumes no obligation or responsibility with respect to any action required by this Trust Agreement on the part of the
Company. 
 Section 5.05. Duties of the Trustee. The Trustee will be under no duties whatsoever, except such duties as are
specifically set forth as such in this Trust Agreement, and no implied covenant or obligation will be read into this Trust Agreement against the Trustee. The Trustee will not be compelled to take any action toward the execution or enforcement of the
Trust or to prosecute or defend any suit in respect thereof, unless indemnified to its satisfaction against loss, costs, liability and expense or there are sufficient assets in the Trust Fund to provide such indemnity; and the Trustee will be under
no liability or obligation to anyone with respect to any failure on the part of the Company, the Committee or a Participant to perform any of their respective obligations under the Plan or an Agreement. 
 Section 5.06. Settlement of Accounts of the Trustee. The Trustee shall keep or cause to be kept accurate and detailed accounts of all
investments, receipts, disbursements and other transactions hereunder. Such accounts shall be open to inspection and audit at all reasonable times during normal business hours by any person designated by the Company or the Committee or, following a
Change of Control, by any Participant 

  

 12 

 
listed on a Payment Schedule (or by a person designated by such Participant). At least annually, the Trustee shall file with the Company a written account,
listing the investments of the Trust Fund and any uninvested cash balance thereof, and setting forth all receipts, disbursements, payments, and other transactions respecting the Trust Fund not included in any such previous account. Any account, when
approved by the Company and the Committee, will be binding and conclusive on the Company and the Committee, and the Trustee will thereby be released and discharged from any liability or accountability to the Company and the Committee with respect to
all matters set forth therein. Failure by the Company and the Committee to object in writing to any specific items in any such account within sixty (60) days after its delivery will constitute approval of the account by the Company and the
Committee. No other accounts or reports shall be required to be given to the Company, the Committee or a Participant except as stated herein or except as otherwise agreed to in writing by the Trustee. The Trustee shall not be required to file an
accounting, judicial or otherwise. 
 Section 5.07. Right to Judicial Settlement. Nothing contained in this Trust Agreement shall
be construed as depriving the Trustee of the right to have a judicial settlement of its accounts, and upon any proceeding for a judicial settlement of the Trustee’s accounts or for instructions, the only necessary parties thereto in addition to
the Trustee shall be the Company and the Participants listed on the Payment Schedule then in effect (or, in the case of a deceased Participant still entitled to Benefits from the Trust Fund, his designated beneficiary or if none, the legal
representative of his estate). 
 Section 5.08. Resignation or Removal of the Trustee. The Trustee may at any time resign and may
at any time be removed by the Company upon sixty (60) days’ notice in writing, provided, however, that upon or after a Change of Control, the Company shall not have the right to remove the Trustee. 
 Section 5.09 Appointment of Successor Trustee. In the event of the resignation or removal of the Trustee, or in any other event in which the
Trustee ceases to act, a successor trustee may be appointed by the Company by an instrument in writing delivered to and accepted by the successor trustee; provided, however, that if such resignation occurs upon or after a Change of Control, the
successor trustee shall be appointed by a majority of the Participants with an interest in the Trust. Notice of such appointment will be given by the Company to the retiring trustee, and the successor trustee will deliver to the retiring trustee an
instrument in writing accepting such appointment. If no appointment of a successor trustee is made by the Company within a reasonable time after such a resignation, removal or other event, any court of competent jurisdiction may appoint a successor
trustee after such notice, if any, solely to the Company, the Committee and the retiring trustee, as such court may deem suitable and proper. 
  

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 In the event of such resignation, removal or other event the retiring trustee or its successors and
assigns shall file with the Company and the Committee a final account to which the provisions of Section 5.06 hereof relating to the annual account shall apply. 
 In the event of the appointment of a successor trustee, such successor trustee will succeed to all the right, title and estate of, and will be, the Trustee; and the retiring trustee will after the settlement of its
final account and the receipt of any compensation or expenses due it, deliver the Trust Fund to the successor trustee together with all such instruments of transfer, conveyance, assignment and further assurance as the successor trustee may
reasonably require. The retiring trustee will retain a lien upon the Trust Fund to secure all amounts due the retiring trustee pursuant to the provisions of this Trust Agreement. 
 5.10. Merger or Consolidation of the Trustee. Any corporation continuing as the result of any merger or resulting from any consolidation to which
merger or consolidation the Trustee is a party, or any corporation to which substantially all the business and assets of the Trustee may be transferred, will be deemed automatically to be continuing as the Trustee. 
 ARTICLE VI 
 ENFORCEMENT; CHANGE OF CONTROL;
CREDITORS 
 Section 6.01. Enforcement of Trust Agreement and Legal Proceedings. The company shall have the right to enforce
any provision of this Trust Agreement, and on or after a Change of Control, any Participant (or if such Participant is deceased, his beneficiary as set forth on the Payment Schedule or, absent such designation or if the designated beneficiary is
deceased, the legal representative of such Participant’s estate) shall have the right as a beneficiary of the Trust to enforce any provision of this Trust Agreement that affects the right, title and interest of such Participant in the Trust.
Except as otherwise provided in Sections 5.06 and 5.07 hereof, in any action or proceeding affecting the Trust, the only necessary parties shall be the Company, the Trustee and the Participants listed in the Payment Schedule then in effect and,
except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceeding shall, to the maximum extent permitted by applicable law, be binding and
conclusive on all persons having or claiming to have any interest in the Trust. 
 Section 6.02. Change of Control. A
“Change of Control” shall be deemed to have occurred upon the occurrence of any of the following events, unless and except to the extent otherwise determined by the Board prior to the occurrence of such event (i) the acquisition by a third
person, including a “group” as defined in section 13(d)(3) of the Securities Exchange Act of 1934, of shares of the Company having 20% or more of the total number of votes that may be cast for the election of directors of the Company, (ii)
shareholder approval of a transaction for the acquisition of the Company, or substantially all of its assets, 

  

 14 

 
by another entity or for a merger, reorganization, consolidation or other business combination to which the Company is a party, (iii) a change during
any period of 24 months or less in the composition of a majority of the Board of Directors of the Company where such change has not been approved by a majority of the Board as constituted immediately prior to the commencement of such period or
(iv) any other event determined by the Board to be a Change of Control for purposes of the Plan. Notwithstanding the foregoing definition, no Change of Control shall be deemed to have occurred for purposes of this Trust Agreement unless and
until the Trustee has actual knowledge from a reliable source, not including a Participant, of such Change of Control. For this purpose, a report filed with the Securities and Exchange Commission or a public statement issued by the Company, or a
notice to the Trustee from the Committee, or a periodical of general circulation, including, but not limited to, The New York Times or The Wall Street Journal, shall be deemed to be a reliable source, and the Trustee shall be deemed to
have actual knowledge of any report of any Change of Control included in such a public statement or periodical. 
 Section 6.03.
Insolvency of the Company. If at any time (i) the Company or a person claiming to be a creditor of the Company alleges in writing to the Trustee that the Company has become Insolvent, (ii) the Trustee is served with any order,
process or paper from which it appears that an allegation to the effect that the Company is Insolvent has been made in a judicial proceeding or (iii) the Trustee has actual knowledge of a current report or statement from a nationally recognized
credit reporting agency or from a reliable source (within the meaning of Section 6.02 of the Trust Agreement) to the effect that the Company is Insolvent, the Trustee shall discontinue payment of Benefits under this Trust Agreement, shall hold
the Trust Fund for the benefit of the Company’s creditors, and shall resume payment of Benefits under this Trust Agreement in accordance with Article IV hereof only upon receipt of an order of a court of competent jurisdiction requiring such
payment or if the Trustee has actual knowledge of a current report or statement from a nationally recognized credit reporting agency or other reliable source (within the meaning of Section 6.02 of this Trust Agreement) to the effect that the
Company is not Insolvent; provided, however, that in the event payment of Benefits was discontinued by reason of a court order or injunction, the Trustee shall resume payment of Benefits only upon receipt of an order of competent jurisdiction
requiring such payment. The Board of Directors and the Chief Executive Officer shall be obligated to give the Trustee prompt written notice in the event that the Company becomes Insolvent. The Trustee shall not be liable to anyone in the event
Benefits are discontinued pursuant to this Section 6.03. 
 (b) If the Trustee discontinues payment of Benefits pursuant to
Section 6.03(a) and subsequently resumes such payment, the first payment to a Participant for his Account following such discontinuance shall include an aggregate amount equal to the difference between the payments which would have been made to
such Participant under this Trust Agreement but for 

  

 15 

 
Section 6.02(a) and the aggregate payments actually made to such Participant by the Company (as certified to the Trustee by the Participant in writing)
during any such period of discontinuance, plus interest on such amount at a rate equivalent to the net rate of return earned by the Trust Fund during the period of such discontinuance. 
 (c) In the event that at any time following a Change of Control any amount is paid from the Trust Fund to creditors of the Company, the Company shall
upon demand by the Trustee deposit into the Trust Fund a sum equal to the amount paid by the Trust Fund to such creditors. 
 ARTICLE VII

 AMENDMENT, REVOCATION AND TERMINATION 
 Section 7.01. Amendment. (a) Prior to the occurrence of a Change of Control, the Company may from time to time amend in writing, in whole or in part, any or all of the provisions of this Trust
Agreement with the written consent of the Trustee but without the consent of any Participant. 
 (b) At any time upon or after the occurrence
of a Change of Control, the Trust Agreement may not be amended by the Company or its successor. The Trust Agreement may, however, be amended following a Change of Control by a majority of the Participants listed on the Payment Schedule at such time;
provided, however, that no such amendment shall increase the duties or obligations or change the indemnities or compensation of the Trustee without the Trustee’s prior written consent. In addition, the Trust Agreement may be amended following a
Change of Control by the Committee, but only to the extent such amendment is required by law or is necessary or desirable to prevent the inclusion in a Participant’s income of all or any part of the Trust Fund prior to the receipt of any
amounts by the Participant from the Trust Fund; provided, however, that no such amendment shall increase the duties or obligations or change the indemnities or compensation of the Trustee without the Trustee’s prior written consent. In the
event that the Committee adopts an amendment to the Trust Agreement following a Change of Control, the Committee shall provide the Trustee with a letter from counsel selected by the Committee to the effect that such amendment is required by law or
is necessary or desirable to prevent adverse tax consequences to Participants. The Trustee may rely and shall be fully protected in relying on such letter without inquiry. 
 Section 7.02. Revocability and Status of Trust in Relation to Creditors. Prior to a Change of Control, the Trust shall be revocable by the
Company, all or any part of the Trust Fund shall be revocable by the Company and the Participants shall have no right to any part of the Trust Fund. Upon a Change of Control, the Trust shall become irrevocable and shall be held for the exclusive
purpose of providing the Benefits to Participants and their beneficiaries and defraying expenses of the Trust in accordance with the provisions of this Trust Agreement. Once the Trust has become irrevocable, no part of the income or corpus of the
Trust Fund shall be recoverable by the Company, except as otherwise provided in Sections 4.05 and 7.03 hereof. 

  

 16 

 
Notwithstanding anything in this Trust Agreement to the contrary, the Trust Fund shall at all times be subject to the claims of creditors of the Company as
provided in Section 6.03 of this Trust Agreement. 
 Section 7.03. Termination. (a) Prior to a Change of Control, the
Company may revoke and terminate the Trust at any time, in its sole discretion, without the approval of any Participant, upon notice in writing to the Trustee. As soon as practicable following the Trustee’s receipt of such notice, the Trustee
shall settle its final accounts in accordance with Section 5.06 hereof and, after the receipt of any unpaid fees and expenses, shall distribute the balance of the Trust Fund as directed by the Company. 
 (b) Following a Change of Control, the Trust shall terminate upon the occurrence of any of the following events: (i) the Trustee receives written
notice that it believes to be genuine that any Insurance Contract held in the Trust Fund has lapsed due to the nonpayment of premiums by the Company, unless the Consulting Firm provides a written statement to the Trustee that such lapse is
consistent with the funding policies of the applicable Plan; (ii) the Consulting Firm provides the Trustee with a written statement to the effect that the aggregate Lump Sum Accrued Benefits (as defined in Section 4.02(d) hereof) of all
Participants exceeds the fair market value of the assets of the Trust and setting forth the amount of such excess, and the Company fails to contribute to the Trust within thirty (30) days after, receipt of such statement by the Trustee an
amount at least equal to such excess; or (iii) payment in full has been made of all Benefits provided in all Payment Schedules then in effect. 
 In
such event, the Trustee shall make all payments required by Article IV, and after the Trustee’s final accounts have been settled in accordance with Section 5.06 hereof and the receipt of any unpaid fees and expenses, the Trustee shall
distribute the balance of the Trust Fund as directed by the Company. 
 ARTICLE VII 
 MISCELLANEOUS PROVISIONS 
 Section 8.01. Members of the Committee.
Prior to a Change of Control, the Company shall promptly certify to the Trustee the name, address and specimen signature of every member of the Committee and of any person authorized to act on behalf of the Consulting Firm and any changes in such
persons. Following a Change of Control, the Committee shall promptly certify to the Trustee (in a writing signed by a majority of the then members of the Committee) any changes in the name, address and specimen signature of any member of the
Committee and of any person authorized to act on behalf of the Consulting Firm. The Trustee may rely on the identity of the members of the Committee and the persons authorized to act on behalf of the Consulting Firm until it receives written notice
to the contrary from the Company prior to a change of Control or from the Committee following a Change of Control. 
  

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 Section 8.02. Successors. This Trust Agreement shall be binding upon and inure to the benefit
of the Company and the Trustee and their representative successors and assigns. 
 Section 8.03. Nonalienation. Except insofar as
applicable law may otherwise require, (a) no amount payable to or in respect of any Participant at any time under the Trust shall be subject in any manner to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge,
attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (b) the Trust Fund
shall in no manner be liable for or subject to the debts or liabilities of any Participant. 
 Section 8.04. Communications.
(a) Communications to the Company or the Committee shall be addressed to the Company or the Committee, as the case may be, at 300 Park Avenue, New York, New York 10022, Attn: Vice President and General Counsel; provided, however, that upon the
Company’s or the Committee’s written request, such communications shall be sent to such other address as the Company or the Committee, as the case may be, shall specify. 
 (b) Communications to the Trustee shall be addressed to it at 1 Wall Street, 7th Floor, New York, NY 10286, Attn: Department Head, Institutional Trust
Division; provided, however, that upon the Trustee’s written request, such communications shall be sent to such other address as the Trustee may specify. 
 (c) No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be binding on the Company or the Committee until it is received by the Company or the Committee, as
the case may be. 
 Section 8.05. Headings. Titles to the Sections of this Trust Agreement are included for convenience only and
shall not control the meaning or interpretation of any provision of this Trust Agreement. 
 Section 8.06. Third Parties. A third
party dealing with the Trustee shall not be required to make inquiry as to the authority of the Trustee to take any action nor be under any obligation to follow the proper application by the Trustee of the proceeds of sale of any property sold by
the Trustee or to inquire into the validity or propriety of any act of the Trustee. 
 Section 8.07. Governing Law. This Trust
Agreement and the Trust established hereunder shall be governed by and construed, enforced, and administered in accordance with the laws of the State of New York, and the Trustee shall be liable to account only in the courts of that state.

  

 18 

 Section 8.08. Counterparts. This Trust Agreement may be executed in any number of
counterparts, each of which shall be deemed to be the original although the others shall not be produced. 
 IN WITNESS WHEREOF, this Amended
and Restated Trust Agreement has been duly executed by the parties hereto as of the day and year first above written. 
  

							
	 	 	 	 	COLGATE-PALMOLIVE COMPANY
				
		 		 	By:	 	 /s/ BRIAN HEIDTKE

		 		 		 	Brian Heidtke
				
	Attest	 		 		 	
			
	 /s/ EMILY ZUCKERMAN
	 		 	THE BANK OF NEW YORK, as TRUSTEE
				
		 		 	By:	 	 /s/ DONNA R. SHEEHAN

		 		 		 	Donna R. Sheehan
				
	Attest	 		 		 	
				
	 /s/ (ILLEGIBLE)
	 		 		 	

  

 19 

 EXHIBIT A 
 LIST OF PAYMENT SCHDULES 
                     , 199     
 Pursuant to the provisions of the Amended and Restated Trust Agreement between Colgate-Palmolive Company (the “Company”) and The Bank of New
York as Trustee dated as of August 2, 1990 (the “Trust Agreement”), the Company provides Payment Schedules with respect to the following Participants: 
 Name 
  

 20 

 EXHIBIT A 
 PAGE 2        
 PAYMENT SCHEDULE 
 NAME AND ADDRESS OF PARTICIPANT 
 SSN:                     
 Pursuant to the provisions of the Amended and Restated Trust Agreement between Colgate-Palmolive Company (the “Company”) and The Bank of New York dated as of August 2, 1990 (the “Trust Agreement”), the Company provides
the following Payment Schedule with respect to the above named Participant. 
 [INSERT DESCRIPTION OF BENEFIT AND DATE(S) OF PAYMENT]

  

							
	BENEFICIARY:	 	Name	 	  
	  	
		 	Address	 	  
	  	
		 	SSN	 	  
	  	

  

 21 

 EXHIBIT B 
 AFFIDAVIT 
  

 I,
                                        ,
under penalties of perjury, do hereby solemnly swear (i) that I make this affidavit in order to induce The Bank of New York, as Trustee under the Amended and Restated Trust Agreement with Colgate-Palmolive Company (the “Company”)
dated as of August 2, 1990 (the “Trust Agreement”), to pay me the benefits to which I am entitled under such Trust Agreement, and (ii) that a termination (within the meaning of Section 4.02 of the Trust Agreement) has
occurred with respect to my employment with the Company as of
                                        .

  

	
	  

	Participant’s Signature

  

					
	 STATE OF
	  	)	 	
		  	)	 	ss. :
	 COUNTY OF
	  	)	 	

 On the      day of
            , 199    , before me personally came
                                        ,
to me known, who, being by me duly sworn, did depose and say that          resides at
                                        ,
and that the statements herein are all true and correct. 
  

	
	  

	Notary Public
	
	 Commission Expires:

  

 22

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