Savings Plan Equivalency

Savings Plan Equivalency. - An amount computed by (1) multiplying the employee's rate of matched savings under The Gillette Company Employees' Savings Plan or the Gillette Canada Savings Program, as applicable, as of the January l immediately preceding the date of a Bonus Award up to the first five percent by the amount of that award which is deferred under Section 7(b) or (c) of this Plan, plus (2) multiplying twenty percent of the employee's rate of matched savings under The Gillette Company Employees' Savings Plan or... the Gillette Canada Savings Program, as applicable, as of the January l immediately preceding the date of a Bonus Award which exceeds five percent by the amount of that award which is deferred under Section 7(b) or (c) of this Plan. View More