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The 3rd Period is a period of time.

This period consists of the Paleocene, Eocene, and Oligocene Epochs. The end of the Paleocene (55.5/54.8 Mya) was marked by one of the Paleocene–Eocene Thermal Maximum, one of the most significant periods of global change during the Cenozoic, which upset oceanic and atmospheric circulation and led to the extinction of numerous deep-sea benthic foraminifera and on land, a major turnover in mammals. The terms 'Paleogene System' (formal) and 'lower Tertiary System' (informal) are applied to the rocks deposited during the 'Paleogene Period'. The somewhat confusing terminology seems to be due to attempts to deal with the comparatively fine subdivisions of time possible in the relatively recent geologic past, for which more details are preserved. By dividing the Tertiary Period into two periods instead of directly into five epochs, the periods are more closely comparable to the duration of 'periods' of the preceding Mesozoic and Paleozoic Eras.

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