SEC Contract Filing

Filing Date: 2023-02-06

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d449248dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CHURCH&nbsp;&amp; DWIGHT CO., INC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2022 OMNIBUS EQUITY COMPENSATION PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PERFORMANCE STOCK UNIT GRANT </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
PERFORMANCE STOCK UNIT GRANT AGREEMENT (the &#147;<U>Agreement</U>&#148;), dated as of _________________ (the &#147;<U>Date of Grant</U>&#148;), is delivered by Church&nbsp;&amp; Dwight Co., Inc. (the &#147;<U>Company</U>&#148;) to _______________
(the &#147;<U>Grantee</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>RECITALS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Church&nbsp;&amp; Dwight Co., Inc. 2022 Omnibus Equity Compensation Plan (as amended and restated effective as of April&nbsp;28, 2022), as it may be
amended from time to time (the &#147;<U>Plan</U>&#148;) provides for, among other things, the grant of Stock Units of the Company, which includes the right to receive shares of Company Stock in the future, subject to restrictions set forth in this
Agreement (&#147;<U>PSUs</U>&#148;). The Compensation&nbsp;&amp; Human Capital Committee of the Company&#146;s Board of Directors (the &#147;<U>Committee</U>&#148;), which administers the Plan, has decided to grant Stock Units in the form of PSUs as
an inducement for the Grantee to continue in the employ of the Employer and promote the best interests of the Company and its stockholders. References in this Agreement to the Committee shall include any successor thereto appointed under and in
accordance with the Plan. Any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, the
parties to this Agreement, intending to be legally bound, hereby agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Grant of PSUs</U>. Subject to the terms and conditions set forth in this Agreement and in the Plan, the
Company hereby grants to the Grantee ___________ PSUs (the &#147;<U>Grant</U>&#148;), subject to the terms and conditions of the Plan and this Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Vesting</U>. With respect to the PSUs that vest in accordance with the terms of this Agreement, the Grantee
shall be entitled to receive a number of shares of Company Stock (each, a &#147;<U>Share</U>&#148;) equal to the number of PSUs subject to the Grant times the &#147;<U>Payment Percentage</U>&#148; set forth opposite the &#147;<U>Achievement
Percentile</U>&#148; set forth on Exhibit A attached hereto<SUP STYLE="font-size:75%; vertical-align:top">1</SUP>. Subject to Paragraphs 3 and 7 below, and further subject to satisfaction of the Performance Goals (as defined below), the Grantee
shall be issued such Share(s) with respect to the vested PSUs within sixty (60)&nbsp;days following the later of: (i)&nbsp;the date that the Committee determines and certifies the Achievement Percentile attained with respect to the performance goals
set forth on Exhibit A attached hereto (&#147;<U>Performance Goals</U>&#148;) with respect to the three-year period beginning on the first day of the fiscal year of the Company in which the Grant Date occurs (such three-year period, the
&#147;<U>Performance Period</U>&#148;, and </P></TD></TR></TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Exhibit A will list one or more Performance Goals, and will include a column indicating Achievement Percentile
(i.e., how much of Performance Goal was achieved), and Payment Percentage (i.e., how much the PSU will pay out at corresponding Achievement Percentiles). Performance Goals, Achievement Percentiles, and Payment Percentages would be determined by the
Committee in respect of each grant. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&n