Colgate-Palmolive Board renews Executive Severance Plan with 3-year term and non-compete requirement

COLGATE PALMOLIVE CO

Plan renewed on September 13, 2023 for three years, subject to automatic one-year extensions unless Board decides otherwise.
Eligible executives must now agree to a one-year post-employment non-compete clause to participate.
Plan terms otherwise substantially unchanged from those described in the 2023 proxy statement.
No executive departures, appointments, or changes in leadership were announced.
Plan covers executives who can materially contribute to the company; benefits up to 24 months of severance.

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