COLGATE PALMOLIVE CO
ACTION, DATED AS OF OCTOBER 29, 2007, PURSUANT TO THE 1997 STOCK OPTION PLAN
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<TYPE>EX-10.I
<SEQUENCE>13
<FILENAME>dex10i.htm
<DESCRIPTION>ACTION, DATED AS OF OCTOBER 29, 2007, PURSUANT TO THE 1997 STOCK OPTION PLAN
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<TITLE>Action, dated as of October 29, 2007, pursuant to the 1997 Stock Option Plan</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT 10-I </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">COLGATE-PALMOLIVE COMPANY </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">PERSONNEL&nbsp;&amp; ORGANIZATION COMMITTEE </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Action Taken Pursuant to the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">Colgate-Palmolive Company 2005 Employee Stock Option Plan and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Colgate-Palmolive Company 1997 Stock Option Plan </U></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">By resolution adopted at a meeting held on October&nbsp;29, 2007, the Personnel&nbsp;&amp; Organization Committee (the &#147;Committee&#148;) of the
Board of Directors of Colgate-Palmolive Company (the &#147;Company&#148;), pursuant to the discretion granted to the Committee under Section&nbsp;5(c) of the Colgate-Palmolive Company 2005 Employee Stock Option Plan and Section&nbsp;5 of the
Colgate-Palmolive Company 1997 Stock Option Plan (collectively, the &#147;Plans&#148;), authorized the following method to pay the exercise price for Stock Options (as such capitalized term and all other capitalized terms used herein without
definition are defined in the applicable Plan) in addition to the other permissible methods of payment authorized under the Plans: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Unless
otherwise determined by the Committee, at the written request of the holder of Stock Options delivered to the Company together with the notice of exercise of Stock Options required under the applicable Plan, such holder&#146;s obligation to pay the
exercise price for the Stock Options being exercised may be settled by the Company&#146;s withholding from the shares of Common Stock subject to the Stock Options sufficient shares to pay such exercise price (based on the Fair Market Value) of the
Common Stock on the date such Stock Options are exercised. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the above resolution, Stock Options that have been settled in the
manner indicated above shall be counted in full against the total number of shares available for issuance under the applicable Plan, regardless of the number of shares of Common Stock issued upon settlement of such Stock Options. </FONT></P>
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