Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-Q Quarterly Report HTML 440K
2: EX-3.2 Exhibit 3.2 Regulations as Approved by the Board HTML 77K
of Directors on June 9, 2015
3: EX-10.1 Exhibit 10.1 Summary of the Company's Short Term HTML 42K
Achievement Reward Program
4: EX-10.2 Exhibit 10.2 Short Term Achievement Reward Program HTML 176K
5: EX-10.3 Exhibit 10.3 Summary of the Company's Performance HTML 42K
Stock Program
6: EX-10.4 Exhibit 10.4 Performance Stock Program HTML 61K
7: EX-10.5 Exhibit 10.5 Summary of the Company's Key Manager HTML 37K
Long-Term Incentive Program
8: EX-10.6 Exhibit 10.6 Key Manager Long-Term Incentive HTML 247K
Program
9: EX-10.7 Exhibit 10.7 Summary of the Company's Retirement HTML 31K
Plan Restoration Program
10: EX-10.8 Exhibit 10.8 Retirement Plan Restoration Program HTML 64K
11: EX-10.9 Exhibit 10.9 the Procter & Gamble 2014 Stock and HTML 54K
Incentive Compensation Plan
12: EX-12 Exhibit 12 Computation of Ratio of Earnings to HTML 41K
Fixed Charges
13: EX-31.1 Exhibit 31.1 Rule 13A-14(A)/15D-14(A) HTML 31K
Certification Chief Executive Officer
14: EX-31.2 Exhibit 31.2 Rule 13A-14(A)/15D-14(A) HTML 31K
Certification Chief Financial Officer
15: EX-32.1 Exhibit 32.1 Section 1350 Certifications Chief HTML 26K
Executive Officer
16: EX-32.2 Exhibit 32.2 Section 1350 Certifications Chief HTML 25K
Financial Officer
53: R1 Document and Entity Information HTML 50K
43: R2 Consolidated Statements of Earnings HTML 97K
51: R3 Condolidated Statements of Comprehensive Income HTML 52K
55: R4 Consolidated Balance Sheets HTML 145K
69: R5 Consolidated Statements of Cash Flows HTML 108K
45: R6 Basis of Presentation HTML 29K
50: R7 New Accounting Pronouncements and Policies HTML 30K
40: R8 Segment Information HTML 70K
33: R9 Goodwill and Other Intangible Assets HTML 66K
70: R10 Share-Based Compensation HTML 29K
57: R11 Risk Management Activities and Fair Value HTML 110K
Measurements
56: R12 Accumulated Other Comprehensive Income (Loss) HTML 55K
61: R13 Earnings Per Share HTML 84K
62: R14 Restructuring Program HTML 65K
60: R15 Commitments and Contingencies HTML 31K
63: R16 Discontinued Operations HTML 181K
52: R17 Segment Information (Tables) HTML 65K
54: R18 Goodwill and Other Intangible Assets (Tables) HTML 57K
59: R19 Risk Management Activities and Fair Value HTML 114K
Measurements (Tables)
74: R20 Accumulated Other Comprehensive Income (Loss) HTML 52K
(Tables)
65: R21 Earnings Per Share (Tables) HTML 82K
47: R22 Restructuring Program (Tables) HTML 58K
58: R23 Discontinued Operations (Tables) HTML 169K
49: R24 Segment Information (Details) HTML 48K
28: R25 Goodwill and Other Intangible Assets - Additional HTML 41K
Information (Details)
66: R26 Goodwill and Other Intangible Assets - Change in HTML 44K
the Net Carrying Amount of Goodwill by Global
Business Unit (Details)
71: R27 Goodwill and Other Intangible Assets - HTML 33K
Identifiable Intangible Assets (Details)
36: R28 Share-Based Compensation (Details) HTML 27K
35: R29 Postretirement Benefits (Details) HTML 31K
38: R30 Risk Management Activities and Fair Value HTML 44K
Measurements - Additional Information (Details)
39: R31 Risk Management Activities and Fair Value HTML 32K
Measurements - Assets Measured at Fair Value on A
Recurring Basis (Details)
41: R32 Risk Management Activities and Fair Value HTML 39K
Measurements - Derivative Notional Amounts and
Fair Value (Details)
27: R33 Risk Management Activities and Fair Value HTML 35K
Measurements Risk Management Activities and Fair
Value Measurements - Gain (Loss) on Derivative
Instruments (Effective Portion) (Details)
64: R34 Risk Management Activities and Fair Value HTML 48K
Measurements - Gain (Loss) on Derivative
Instruments (Details)
46: R35 Accumulated Other Comprehensive Income (Loss) HTML 61K
Accumulated Other Comprehensive Income (Loss) -
Changes in Aoci and Reclassification Out of Aoci
(Details)
48: R36 Earnings Per Share (Details) HTML 80K
31: R37 Earnings Per Share - Antidilutive Securities HTML 29K
(Details)
73: R38 Restructuring Program - Additional Information HTML 57K
(Details)
23: R39 Restructuring Program - Restructuring Reserve by HTML 46K
Type of Costs (Details)
42: R40 Restructuring Program - Restructuring Costs Per HTML 42K
Segment (Details)
68: R41 Commitments and Contingencies - Additional HTML 32K
Information (Details)
29: R42 Discontinued Operations - Additional Information HTML 55K
(Details)
34: R43 Discontinued Operations - Net Earnings From HTML 37K
Discontinued Operations (Details)
37: R44 Discontinued Operations - Major Components of HTML 60K
Assets and Liabilities (Details)
44: R45 Discontinued Operations - Net Earnings From HTML 48K
Discontinued Operations for Beauty Brands
(Details)
26: R46 Discontinued Operations - Cash Flows for Beauty HTML 28K
Brands (Details)
32: R47 Discontinued Operations - Major Components of HTML 115K
Assets and Liabilities for Beauty Brands (Details)
24: R48 Discontinued Operations - Net Earnings From HTML 60K
Discontinued Operations for Batteries and Pet Care
(Details)
67: R49 Discontinued Operations - Major Components of HTML 72K
Assets and Liabilities for Batteries and Pet Care
(Details)
72: XML IDEA XML File -- Filing Summary XML 114K
25: EXCEL IDEA Workbook of Financial Reports XLSX 58K
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‘EX-10.8’ — Exhibit 10.8 Retirement Plan Restoration Program
This is to advise you that The Procter & Gamble Company (“Company”) hereby grants to you Restricted Stock Units (“RSUs”) of Procter & Gamble Common Stock as follows:
.
Number of Restricted Stock Units: [ERISA SHARES]
Number of Restricted Stock Units: [IRP SHARES]
Number of Restricted Stock Units: [SRI
SHARES]
Grant Date: [GRANT_DATE]
Vest Date: [Later of Grant Date or 5 Yr Service Anniversary]
Original Settlement Date: One Year Following Termination of Employment
This Award is granted in accordance with and subject to the terms of The Procter & Gamble 2014 Stock and Incentive Compensation Plan (including any applicable sub-plan) (the “Plan”), the Regulations of the Compensation and Leadership Development Committee of the Board of Directors (“Committee”), this
Award Agreement including Attachments and the Settlement Instructions in place as may be revised from time to time. Any capitalized terms used in this Agreement that are not otherwise defined herein are defined in the Plan. You may also access the Plan by going to Manager Center - Compensation & Rewards - See Also - Stock Plans - 2014 Stock Plan and the Regulations and Sub Plans by going to Manager Center - Compensation & Rewards - See Also - Stock Plans - Regulations and Country Subplans. If you have difficulty accessing the materials online, please send an email to Execcomp.IM@pg.com for assistance.
Voting Rights and Dividend Equivalents
As
a holder of RSUs, during the period from the Grant Date until the date the RSUs are paid, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional RSUs (“Dividend Equivalent RSUs”). The number of Dividend Equivalent RSUs will be determined as follows: multiply the number of RSUs and Dividend Equivalent RSUs currently held by the per share amount of the cash dividend or other cash distribution on Common Stock, then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent RSUs will be subject to the same terms and conditions as the original RSUs that gave rise to them, including vesting and settlement terms, except that if there is a fractional number of Dividend Equivalent RSUs on the date the RSUs are paid, the Dividend Equivalent RSUs will be rounded up to the nearest whole number of RSUs. This Award represents an unfunded, unsecured
right to receive payment in the future, and does not entitle you to voting rights or dividend rights as a shareholder.
Vesting and Payment
If you remain employed through the Vest Date, the Award will be paid on the Original Settlement Date or Agreed Settlement Date (as defined below), whichever is applicable, except in the case of a termination for death or Disability, as described below. If your Termination of Employment occurs for any reason before the Vest Date except for the reasons listed below, the Award will be forfeited. For the purposes of this Award, Termination of Employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law.
1.
Termination
on Account of Death or Disability. In the case of death or Disability, the Award will be fully vested and payment will be made by the later of the end of the calendar year or two and a half months following the date of death or Disability, as applicable.
2.
Termination pursuant to a Written Separation Agreement. In the event of your Termination of Employment from the Company or a Subsidiary that occurs before the Vest Date for this Award, this Award is forfeited unless you have executed a written separation agreement with the
Company that provides for retention of the Award. If the Award is retained pursuant to a separation agreement, the Award will be delivered on the Settlement Date as long as you remain in compliance with the terms of the Plan, the Regulations, and the separation agreement.
RSU Form RTD
3.
Termination in connection with a divestiture or separation of any of the Company’s businesses. In the event of
Termination of Employment from the Company in connection with a divestiture or separation of any of the Company’s businesses, as determined by the Company’s Chief Human Resources Officer, the Award is retained and will become deliverable on the Settlement Date as long as you remain in compliance with the terms of the Plan and the Regulations.
Notwithstanding the foregoing, in the event of a Change in Control, payment shall be made pursuant to the terms provided in the Plan.
Payment under this Award will be made in the form of
Common Stock or such other form of payment as determined by the Committee pursuant to the Plan, subject to applicable tax withholding.
Deferral Election
At any time prior to Termination of Employment, you and the Company may agree to postpone the Original Settlement Date to such later date (“Agreed Settlement Date”) as may be elected by you, which date shall be at least five years later than the Original Settlement Date and in accordance with Internal Revenue Code Section 409A.
This Award Agreement including Attachment A, the Plan and Regulations of the Committee together constitute an agreement between the
Company and you in accordance with the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the Company regarding this specific Award. Any legal action related to this Award, including Article 6 of the Plan, may be brought in any federal or state court located in Hamilton County, Ohio, USA, and you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this Award.
THE PROCTER & GAMBLE COMPANY
Mark Biegger
Chief
Human Resources Officer
RSU Form RTD
Attachment A
Please note that when the issue or transfer of the Common Stock covered by this Award may, in the opinion of the Company, conflict or be inconsistent with any applicable law or regulation of any governmental agency, the Company reserves the right to refuse to issue or transfer said Common Stock and that any outstanding Awards may
be suspended or terminated and net proceeds may be recovered by the Company if you fail to comply with the terms and conditions governing this Award.
Nature of the Award
By completing this form and accepting the Award evidenced hereby, I acknowledge that: i) the Plan is established voluntarily by The Procter & Gamble Company (“P&G”), it is discretionary in nature and it may be amended, suspended or terminated at any time; ii) Awards under the Plan are voluntary and occasional and this Award does not create any contractual or other right to receive future Awards, or benefits in lieu of an Award, even if Awards have been granted repeatedly in the past; iii) all decisions with respect to future Awards, if any, will be at the sole discretion
of P&G; iv) my participation in the Plan is voluntary; v) this Award is an extraordinary item and not part of normal or expected compensation or salary for any purposes including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; vi) in the event that my employer is not P&G, the Award will not be interpreted to form an employment relationship with P&G; and furthermore, the Award will not be interpreted to form an employment contract with my employer (“Employer”); vii) the future value of the shares purchased under the Plan is unknown and cannot be predicted with certainty, may increase or decrease in value and potentially have no value; viii) my participation in the Plan shall not create a right to further employment with
my employer and shall not interfere with the ability of my employer to terminate my employment relationship at any time, with or without cause; ix) and no claim or entitlement to compensation or damages arises from the termination of the Award or the diminution in value of the Award or shares purchased and I irrevocably release P&G and my employer from any such claim that may arise.
Data Privacy
I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data as described in this document by and among, as applicable, my Employer and The Procter & Gamble Company and its subsidiaries and affiliates (“P&G”) for the exclusive purpose of implementing, administering
and managing my participation in the Plan.
I understand that P&G and my Employer hold certain personal information about me, including, but not limited to, my name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in P&G, details of all Awards or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in my favor, for the purpose of implementing, administering and managing the Plan (“Data”). I understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in my country or elsewhere (including countries outside the European Economic Area), and that the recipient’s country may have
different data privacy laws and protections than my country. I understand that I may request a list with the names and addresses of any potential recipients of the Data by contacting my local human resources representative. I authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing my participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom I may elect to deposit any shares of stock acquired upon exercise or settlement of the Award. I understand that Data will be held only as long as is necessary to implement, administer and manage my participation in the Plan. I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case
without cost, by contacting in writing my local human resources representative. I understand, however, that refusing or withdrawing my consent may affect my ability to participate in the Plan. For more information on the consequences of my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative.
Responsibility for Taxes
Regardless of any action P&G or my Employer takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and remains my responsibility and that P&G and/or my Employer (1) make no representations or undertakings regarding the treatment of
any Tax-Related Items in connection with any aspect of this Award, including the issuance, vesting or exercise, settlement, the subsequent sale of shares acquired, the receipt of any dividends or dividend equivalents or the potential impact of current or future tax legislation in any jurisdiction; and (2) do not commit to structure the terms of the Award or any aspect of the Award to reduce or eliminate my liability for Tax-Related Items.
Prior to exercise or settlement of an Award, I shall pay or make adequate arrangements satisfactory to P&G and/or my Employer to satisfy all withholding and payment on account obligations of P&G and/or my employer. In this regard, I authorize P&G and/or my Employer to withhold all applicable Tax-Related Items from my wages or other cash compensation paid to me by P&G and/or my Employer or from proceeds of the sale of the shares. Alternatively,
or in addition, if permissible under local law, P&G may (1) sell or arrange for the sale of shares that I acquire to meet the withholding obligation for Tax-Related Items, and/or (2) withhold in shares, provided that P&G only withholds the amount of shares necessary to satisfy the minimum withholding amount. Finally, I shall pay to P&G or my Employer any amount of Tax-Related Items that P&G or my Employer may be required to withhold as a result of my participation in the Plan or my purchase of shares that cannot be satisfied by the means previously described. P&G may refuse to honor the exercise and refuse to deliver the shares if I fail to comply with my obligations in connection with the Tax-Related Items as described in this section.
RSU
Form RTD-C
FORM RTD-C AWARD AGREEMENT
[GLOBALID]
[FIRST_NAME] [MIDDLE_NAME] [LAST_NAME]
Subject: Award of Restricted Stock Units
This is to advise you that The Procter & Gamble Company (“Company”) hereby grants to you Restricted Stock Units (“RSUs”) of Procter & Gamble
Common Stock as follows:
.
Number of Restricted Stock Units: [ERISA SHARES]
Number of Restricted Stock Units: [IRP SHARES]
Number of Restricted Stock Units: [SRI SHARES]
Grant Date: [GRANT_DATE]
Vest Date: [Later of Grant Date or 5 Yr Service Anniversary]
Original Settlement Date: One
Year Following Termination of Employment
This Award is granted in accordance with and subject to the terms of The Procter & Gamble 2014 Stock and Incentive Compensation Plan (including any applicable sub-plan) (the “Plan”), the Regulations of the Compensation and Leadership Development Committee of the Board of Directors (“Committee”), this Award Agreement including Attachments and the Settlement Instructions in place as may be revised from time to time. Any capitalized terms used in this Agreement that are not otherwise defined herein are defined in the Plan. You may access the Plan by going to Manager Center - Compensation & Rewards - See Also - Stock Plans - 2014 Stock Plan and the Regulations and Sub Plans by going to Manager Center - Compensation & Rewards - See Also - Stock Plans - Regulations and Country Subplans. If
you have difficulty accessing the materials online, please send an email to Execcomp.IM@pg.com for assistance.
Voting Rights and Dividend Equivalents
As a holder of RSUs, during the period from the Grant Date until the date the RSUs are paid, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional RSUs (“Dividend Equivalent RSUs”). The number of Dividend Equivalent RSUs will be determined as follows: multiply the number of RSUs and Dividend Equivalent RSUs currently held by the per share amount of the cash dividend or other cash distribution on Common Stock, then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend
Equivalent RSUs will be subject to the same terms and conditions as the original RSUs that gave rise to them, including vesting and settlement terms, except that if there is a fractional number of Dividend Equivalent RSUs on the date the RSUs are paid, the Dividend Equivalent RSUs will be rounded up to the nearest whole number of RSUs. This Award represents an unfunded, unsecured right to receive payment in the future, and does not entitle you to voting rights or dividend rights as a shareholder.
Vesting and Payment
If you remain employed through the Vest Date, the Award will be paid on the Original Settlement Date or Agreed Settlement Date (as defined below), whichever is applicable, except in the case of a termination for death or Disability, as described below. If your Termination of Employment occurs for any reason before the Vest
Date except for the reasons listed below, the Award will be forfeited. For the purposes of this Award, Termination of Employment will be effective as of the date that you are no longer actively employed and will not be extended by any notice period required under local law.
1.
Termination on Account of Death or Disability. In the case of death or Disability, the Award will be fully vested and payment will be made by the later of the end of the calendar year or two and a half months following the date of death or Disability, as applicable.
2.
Termination
pursuant to a Written Separation Agreement. In the event that your Termination of Employment from the Company or a subsidiary that occurs before the Vest Date for this Award, this Award is forfeited unless you have executed a written separation agreement with the Company that provides for retention of the Award. If the Award is retained pursuant to a separation agreement, the Award will be delivered on the Settlement Date as long as you remain in compliance with the terms of the Plan, the Regulations, and the separation agreement.
RSU Form RTD-C
3.
Termination
in connection with a divestiture or separation of any of the Company’s businesses. In the event of Termination of Employment from the Company in connection with a divestiture or separation of any of the Company’s businesses, as determined by the Company’s Chief Human Resources Officer, the Award is retained and will become deliverable on the Settlement Date as long as you remain in compliance with the terms of the Plan and the Regulations.
Notwithstanding the foregoing,
in the event of a Change in Control, payment shall be made pursuant to the terms provided in the Plan.
Payment under this Award will be made in the form of Common Stock or such other form of payment as determined by the Committee pursuant to the Plan, subject to applicable tax withholding.
Deferral Election
At any time prior to Termination of Employment, you and the Company may agree to postpone the Original Settlement Date to such later date (“Agreed Settlement Date”) as may be elected by you, which date shall be at least five years later than the Original Settlement Date and in accordance with Internal Revenue Code Section 409A.
Conversion
to Deferred Compensation Plan
All or a portion of the RSUs and Dividend Equivalent RSUs granted to you pursuant to this Award Agreement may be diversified using investment choices available under The Procter & Gamble Company Executive Deferred Compensation Plan (the “Deferred Compensation Plan”) once you reach age 50. Conversions must be completed during one of the Company’s open window periods for executives and are subject to the Company’s Insider Trading Policy and any other restrictions in place at the time of conversion (claw-back provisions, share ownership requirements, etc.).
The amount diversified shall be determined by multiplying the number of RSUs to
be converted by the closing price of the Company’s Common Stock on the New York Stock Exchange on the date of conversion.
These contributions to the Deferred Compensation Plan will be placed into a notional account and administered in accordance with the terms and conditions set forth in that plan, as amended, provided, however, that the timing of payment of amounts under such plan will be governed by the payment timing terms of this Award Agreement, including any election to defer the Original Settlement Date.
This Award Agreement including Attachment A, the Plan and Regulations of the Committee together constitute an agreement between the
Company and you in accordance with the terms thereof and hereof, and no other understandings and/or agreements have been entered by you with the Company regarding this specific Award. Any legal action related to this Award, including Article 6 of the Plan, may be brought in any federal or state court located in Hamilton County, Ohio, USA, and you hereby agree to accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this Award.
THE PROCTER & GAMBLE COMPANY
Mark Biegger
Chief
Human Resources Officer
RSU Form RTD-C
Attachment A
Please note that when the issue or transfer of the Common Stock covered by this Award may, in the opinion of the Company, conflict or be inconsistent with any applicable law or regulation of any governmental agency, the Company reserves
the right to refuse to issue or transfer said Common Stock and that any outstanding Awards may be suspended or terminated and net proceeds may be recovered by the Company if you fail to comply with the terms and conditions governing this Award.
Nature of the Award
By completing this form and accepting the Award evidenced hereby, I acknowledge that: i) the Plan is established voluntarily by The Procter & Gamble Company (“P&G”), it is discretionary in nature and it may be amended, suspended or terminated at any time; ii) Awards under the Plan are voluntary and occasional and this Award does not create any contractual or other right to receive future Awards, or benefits in lieu of an Award, even if Awards have been granted repeatedly in the
past; iii) all decisions with respect to future Awards, if any, will be at the sole discretion of P&G; iv) my participation in the Plan is voluntary; v) this Award is an extraordinary item and not part of normal or expected compensation or salary for any purposes including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; vi) in the event that my employer is not P&G, the Award will not be interpreted to form an employment relationship with P&G; and furthermore, the Award will not be interpreted to form an employment contract with my employer (“Employer”); vii) the future value of the shares purchased under the Plan is unknown and cannot be predicted with certainty, may increase or decrease in value and potentially have
no value; viii) my participation in the Plan shall not create a right to further employment with my employer and shall not interfere with the ability of my employer to terminate my employment relationship at any time, with or without cause; ix) and no claim or entitlement to compensation or damages arises from the termination of the Award or the diminution in value of the Award or shares purchased and I irrevocably release P&G and my employer from any such claim that may arise.
Data Privacy
I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data as described in this document by and among, as applicable, my Employer and The Procter & Gamble Company and its subsidiaries
and affiliates (“P&G”) for the exclusive purpose of implementing, administering and managing my participation in the Plan.
I understand that P&G and my Employer hold certain personal information about me, including, but not limited to, my name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in P&G, details of all Awards or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in my favor, for the purpose of implementing, administering and managing the Plan (“Data”). I understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in my country or elsewhere (including
countries outside the European Economic Area), and that the recipient’s country may have different data privacy laws and protections than my country. I understand that I may request a list with the names and addresses of any potential recipients of the Data by contacting my local human resources representative. I authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing my participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom I may elect to deposit any shares of stock acquired upon exercise or settlement of the Award. I understand that Data will be held only as long as is necessary to implement, administer and manage my participation in the Plan. I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require
any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing my local human resources representative. I understand, however, that refusing or withdrawing my consent may affect my ability to participate in the Plan. For more information on the consequences of my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative.
Responsibility for Taxes
Regardless of any action P&G or my Employer takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and remains my responsibility and that P&G and/or
my Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Award, including the issuance, vesting or exercise, settlement, the subsequent sale of shares acquired, the receipt of any dividends or dividend equivalents or the potential impact of current or future tax legislation in any jurisdiction; and (2) do not commit to structure the terms of the Award or any aspect of the Award to reduce or eliminate my liability for Tax-Related Items.
Prior to exercise or settlement of an Award, I shall pay or make adequate arrangements satisfactory to P&G and/or my Employer to satisfy all withholding and payment on account obligations of P&G and/or my employer. In this regard, I authorize P&G and/or my Employer to withhold all applicable Tax-Related Items from my wages or other cash compensation
paid to me by P&G and/or my Employer or from proceeds of the sale of the shares. Alternatively, or in addition, if permissible under local law, P&G may (1) sell or arrange for the sale of shares that I acquire to meet the withholding obligation for Tax-Related Items, and/or (2) withhold in shares, provided that P&G only withholds the amount of shares necessary to satisfy the minimum withholding amount. Finally, I shall pay to P&G or my Employer any amount of Tax-Related Items that P&G or my Employer may be required to withhold as a result of my participation in the Plan or my purchase of shares that cannot be satisfied by the means previously described. P&G may refuse to honor the exercise and refuse to deliver the shares if I fail to comply with my obligations in connection with the Tax-Related Items as described in this section.
