Exhibit 10.8

 

Amendment to Employment Agreement

 

THIS AMENDMENT (“Amendment”), dated as of July 1, 2009, to the Employment
Agreement, dated as of July 1, 2000 and amended as of July 1, 2002, 
November 16, 2005 and December 31, 2008 (the “Agreement”), between The Estée
Lauder Companies Inc., a Delaware corporation (the “Company”), and Leonard A.
Lauder, a resident of [omitted], (the “Executive”).

 

W I T N E S S E T H:

 

WHEREAS, the Executive and the Company are parties to the Agreement;

 

WHEREAS, the Company and the Executive wish to amend the Agreement to reflect
the mutually agreed upon changes;

 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants
and obligations hereinafter set forth, the parties hereto, intending to be
legally bound, hereby agree to amend the Agreement as follows:

 

1.                                       Effectiveness.  All changes to the
Agreement set forth in this Amendment shall be effective as of July 1, 2009,
assuming continued employment by the Executive as of such date.

 

2.                                       Title and Duties.  Section 1 of the
Agreement shall be amended such that there will be no obligation of the Company
to sustain and continue the Executive’s election as Chairman of the Board. 
Section 2(a) shall be amended to add the following sentence to the end thereof: 
From and after July 1, 2009, Executive shall serve the Company as Chairman
Emeritus.

 

3.                                       Base Salary.  Section 3(a) of the
Agreement shall be amended by to read in its entirety as follows:

 

As compensation for all services to be rendered pursuant to this Agreement and
as payment for the rights and interests granted by the Executive hereunder, the
Company shall pay or cause any of its subsidiaries to pay the Executive a per
diem of $10,000, provided, however, that the maximum amount that may be earned
in any Contract Year is $900,000.  For purposes of the remainder of this
Agreement, Base Salary shall mean the amounts payable to the Executive for his
services in the applicable Contract Year.

 

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4.                                       Miscellaneous.

 

a.                                       Except as provided above, all other
terms and conditions of the Agreement shall remain the same.

b.                                      Capitalized terms used in this Amendment
shall have the meanings ascribed to such terms in the Agreement, except to the
extent the term is modified herein.

c.                                       This Amendment shall be subject to, and
governed by, the laws of the State of New York applicable to contracts made and
to be performed therein.

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the date first written above.

 

 

THE ESTÉE LAUDER COMPANIES INC.

 

 

 

 

/s/Leonard A. Lauder

 

By:

/s/Amy DiGeso

Leonard A. Lauder

Name:

Amy DiGeso

 

Title:

Executive Vice President –

 

 

Global Human Resources

 

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