Exhibit 10.5

AVON PRODUCTS, INC.
2013 STOCK INCENTIVE PLAN

PERFORMANCE CONTINGENT
RESTRICTED STOCK UNIT AWARD AGREEMENT
1.    Grant of Performance Contingent Restricted Stock Unit Award. Pursuant to
the provisions of its 2013 Stock Incentive Plan (the “Plan”), Avon Products,
Inc. (the “Company”) has awarded you (the “Grantee”) Performance Contingent
Restricted Stock Units (the “PRSUs”), representing the right to receive in the
future shares of Stock (the “Shares”) as set forth in the Grantee's grant
notification. These PRSUs are subject to the terms and conditions set forth
below, as well as those terms and conditions set forth in the Plan, all of which
are hereby incorporated by this reference. All capitalized terms used in this
Performance Contingent Restricted Stock Unit Award Agreement (this “Agreement”)
shall have the meaning set forth in the Plan unless otherwise defined herein.
2.    Nature of PRSUs; Issuance of Shares
These PRSUs represent a right to receive Shares on the Settlement Date (as
defined below) but do not represent a current interest in the Shares. If all the
terms and conditions hereof and of the Plan are met, then the Grantee shall be
issued Shares on the Settlement Date. In lieu of issuance of Shares for all or a
portion of the PRSUs, the Company reserves the right to instead make a cash
payment to the Grantee equal to the Fair Market Value of the Shares for all or a
portion of the PRSUs, determined as of the Settlement Date.
The Grantee should be aware that settlement of the PRSUs will result in the
ownership of Shares and will require the Grantee to open and use a U.S.
brokerage account. The Grantee will personally be responsible for any local
compliance requirements in relation to all of the above transactions. These
requirements may change from time to time, and the Company cannot guarantee that
the Grantee will be able to receive Shares on the Settlement Date. The future
value of the underlying Shares is unknown and cannot be predicted with
certainty. The Company is not liable for any decrease of value of the Company's
Shares.
3.    Restrictions on Transfer of PRSUs. These PRSUs may not be sold, tendered,
assigned, transferred, pledged or otherwise encumbered.
4.    Vesting of PRSUs; Voting; Dividends
(a)    Subject to Section 5, vesting of the PRSUs shall occur on the date set
forth in the Grantee's grant notification (such date the “Vesting Date”), which
is the end of the relevant performance period, and settlement shall occur on the
date set forth in the Grantee's grant notification (such date, the “Settlement
Date”), which is the “annual grant” settlement date, as specified by the
Company. Subject to Section 5, vesting and payment are contingent upon: (i) the
Grantee being employed by the Company or any of

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its Subsidiaries on the Vesting Date; and (ii) satisfaction by the Company of
performance measures set forth in the grant notification (the “Performance
Measures”).
(b)    The Grantee does not have the right to vote any of the Shares or the
right to receive dividends on them prior to the date such Shares are issued to
the Grantee pursuant to the terms hereof.
5.    Separation from Service
(a)    Separation from Service by the Company without Cause. If the Grantee
incurs an involuntary Separation from Service by the Company (and/or, if
applicable, by any Subsidiary by whom the Grantee is employed) other than for
Cause on or after January 1 of the year following the date of grant (the “Grant
Date”) and the Grantee will not be eligible for Retirement at the end of the
salary continuation period for which the Grantee is eligible under a severance
pay plan of the Company or any of its Subsidiaries or some other agreement
between the Grantee and the Company or any of its Subsidiaries (as if the
Grantee made any available election under such plan or agreement to extend the
salary continuation period by the maximum period available to such Grantee), in
either case as in effect on the date hereof (disregarding any actual election
made under such plan or agreement), then, provided that the Company has
satisfied the Performance Measures as of the Vesting Date, a pro-rata portion of
the PRSUs referred to in Section 4(a) above shall become vested and the pro-rata
number of such Shares shall be issued to the Grantee on the Settlement Date. The
number of Shares that vest shall be determined by multiplying the full number of
Shares subject to the PRSUs by a fraction, which shall be the number of complete
months from the beginning of the performance period to which the Performance
Measures relate to the date of the Separation from Service (typically the last
day of active employment), divided by the number of months from the beginning of
the performance period to which the Performance Measures relate to the Vesting
Date.
(b)    Separation from Service due to Retirement. If the Grantee incurs a
voluntary Separation from Service due to Retirement on or after January 1 of the
year following the Grant Date, or the Grantee incurs an involuntary Separation
from Service by the Company (and/or, if applicable by any Subsidiary by whom the
Grantee is employed) other than for Cause on or after January 1 of the year
following the Grant Date, and the Grantee will be eligible for Retirement at the
end of the salary continuation period for which the Grantee is eligible under a
severance pay plan of the Company or any of its Subsidiaries or some other
agreement between the Grantee and the Company or any of its Subsidiaries (as if
the Grantee made any available election under such plan or agreement to extend
the salary continuation period by the maximum period available to such Grantee),
in either case as in effect on the date hereof (disregarding any actual election
made under such plan or agreement), then, provided that the Company has
satisfied the Performance Measures as of the Vesting Date, a pro-rata portion of
the PRSUs referred to in Section 4(a) above shall become vested and the pro-rata
number of such Shares shall be issued to the Grantee on the Settlement Date. The
number of Shares that vest shall be determined by multiplying the full number of
Shares subject to the PRSUs by a fraction, which shall be the number of complete
months from the beginning

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of the performance period to which the Performance Measures relate to the date
of Separation from Service (typically the last day of active employment),
divided by the number of months from the beginning of the performance period to
which the Performance Measures relate to the Vesting Date.
(c)    Separation from Service due to Disability. If the Grantee incurs a
Separation from Service due to Disability, then, provided that the Company has
satisfied the Performance Measures as of the Vesting Date, a pro-rata portion of
the PRSUs referred to in Section 4(a) above shall become vested and the pro-rata
number of such Shares shall be issued to the Grantee on the Settlement Date. The
number of Shares that vest shall be determined by multiplying the full number of
Shares subject to the PRSUs by a fraction, which shall be the number of complete
months from the beginning of the performance period to which the Performance
Measures relate to the date of Separation from Service (typically the last day
of active employment), divided by the number of months from the beginning of the
performance period to which the Performance Measures relate to the Vesting Date.
(d)    Death. If the Grantee dies before otherwise incurring a Separation from
Service, then, provided that the Company has satisfied the Performance Measures
as of the Vesting Date, a pro-rata portion of the PRSUs referred to in Section
4(a) above shall become vested and the pro-rata number of such Shares shall be
issued to the Grantee on the Settlement Date. The number of Shares that vest
shall be determined by multiplying the full number of Shares subject to the
PRSUs by a fraction, which shall be the number of complete months from the
beginning of the performance period to which the Performance Measures relate to
the date of death, divided by the number of months from the beginning of the
performance period to which the Performance Measures relate to the Vesting Date.
(e)    Separations from Service Causing Forfeiture. All PRSUs are forfeited if
the Grantee incurs a Separation from Service from the Company (and/or, if
applicable, from any Subsidiary by whom the Grantee is employed) under any of
the following conditions: (i) an involuntary Separation from Service by the
Company or any of its Subsidiaries for Cause prior to the Settlement Date;
(ii) an involuntary Separation from Service by the Company or any of its
Subsidiaries other than for Cause prior to January 1 of the year following the
Grant Date; (iii) a voluntary Separation from Service due to Retirement prior to
January 1 of the year following the Grant Date; or (iv) a voluntary Separation
from Service (excluding Retirement or Disability) at any time during the
performance period to which the Performance Measures relate.
(f)    Six-Month Wait under U.S. Internal Revenue Code Section 409A. To the
extent that a PRSU payment is a non-exempt amount payable under a “nonqualified
deferred compensation plan” (as defined in Internal Revenue Code Section 409A)
upon a Separation from Service (other than death), if the Grantee is a
“specified employee” (as that term is defined in Internal Revenue Code Section
409A and pursuant to procedures established by the Company) on the Grantee's
Separation from Service, then any Shares (or cash in lieu thereof if the PRSUs
or a portion of the PRSUs are to be settled in cash) payable pursuant to the
PRSU on account of the Separation from Service (other than

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death) will not be paid to the Grantee during the six-month period immediately
following such Separation from Service. Instead, any Shares (or cash in lieu
thereof if the PRSUs or a portion of the PRSUs are to be settled in cash) that
would have been payable to the Grantee on account of the Grantee's Separation
from Service shall be paid on the first day of the seventh month following the
Grantee's Separation from Service but not earlier than the Settlement Date.
(g)    Change in Control. Notwithstanding any other provision of this Agreement,
in the event of a Change in Control, the vesting and payment of PRSUs shall be
governed by the provisions of the Plan regarding a Change in Control, which are
incorporated herein by reference.
(h)    Paid or Unpaid Leave of Absence or Change in Subsidiary Status for
Subsidiary Employing Grantee. For purposes of determining the vesting of PRSUs
under this Agreement, a paid or unpaid leave of absence of the Grantee shall not
constitute a Separation from Service of the Grantee, except to the extent that
such leave of absence constitutes a “separation from service” (as defined in
U.S. Internal Revenue Code Section 409A). During a paid or unpaid leave of
absence, until a “separation from service” occurs, the PRSUs shall continue to
vest as set forth in this Agreement and in the grant notification referred to in
Section 4(a) of this Agreement. For purposes of determining the vesting of PRSUs
under this Agreement, the Grantee's employment by a Subsidiary shall be
considered a Separation from Service on the date on which such Subsidiary ceases
to be a Subsidiary, provided that, in such event, any issuance of Shares to the
Grantee pursuant to this Section 5 shall be made on the Settlement Date.
6.    Non-Competition/Non-Solicitation/Non-Disclosure
The Grantee agrees that, during the Grantee's employment, beginning on the Grant
Date continuing for a period of one year after the Grantee's Separation from
Service with the Company (and, if applicable, a Subsidiary) for any reason
whatsoever (including Retirement or Disability), he or she shall not, without
the prior written consent of the Committee, engage in either of the following
activities:
(a)    the Grantee shall not directly or indirectly engage or otherwise
participate in any business which is competitive with any significant business
of the Company or any Subsidiary, including without limitation, the Grantee's
acceptance of employment with, entrance into a consulting or advisory
arrangement with, rendering services to or otherwise facilitating the business
of Amway Corp./Alticor Inc., Beiersdorf (Nivea), De Millus S.A., Ebel
Int'l/Belcorp Corp., Faberlic, Forever Living Products LLC USA, Gryphon
Development/Limited Brands Inc., Herbalife Ltd., Hermès, Lady Racine/LR Health &
Beauty Systems GmbH, L'Oréal Group/Cosmair Inc., Mary Kay Inc., Mistine/Better
Way (Thailand) Co. Ltd., Natura Cosmetics S.A., Neways Int'l, NuSkin Enterprises
Inc., O Boticário, Oriflame Cosmetics S.A., Reckitt Benckiser PLC, Revlon Inc.,
Shaklee Corp., The Body Shop Int'l PLC, The Estée Lauder Companies Inc., The
Procter & Gamble Company, Tupperware Corp., Unilever Group (N.V. and PLC),
Virgin Vie, Virgin Ware, Vorwerk & Co. KG/Jafra Worldwide Holdings (Lux)
S.à.R.L. Inc., Yanbal Int'l (Yanbal, Unique), or any of their affiliates; and

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(b)    the Grantee shall not solicit or aid in the solicitation of any employees
of the Company or any Subsidiary to leave their employment.

In addition, the Grantee shall not, unless compelled pursuant to an order of a
court or other body having jurisdiction over such matter, communicate or divulge
any secret or confidential information, knowledge or data, including without
limitation any trade secrets, relating to the Company or a Subsidiary, and their
respective businesses, obtained by the Grantee during his or her employment by
the Company or a Subsidiary and which is not otherwise publicly known (other
than by reason of an unauthorized act by the Grantee), to anyone other than the
Company and those designated by it.
In the event the Company determines that the Grantee has breached any term of
this Section 6 or any non-disclosure, non-compete or non-solicitation covenant
set forth in his or her severance agreement, employment contract or any Company
policy, in addition to any other remedies the Company may have available to it,
unless otherwise determined by the Committee: (i) all unvested PRSUs granted
hereunder shall be forfeited; (ii) all vested but not yet settled PRSUs
hereunder shall be forfeited; (iii) if Shares have been issued to the Grantee in
respect of all or a portion of the vested PRSUs hereunder, the Grantee shall
forfeit all such Shares so issued to the Grantee hereunder; and (iv) if cash has
been paid to the Grantee in lieu of Shares in respect of vested PRSUs for all or
a portion of the PRSUs hereunder, the Grantee shall pay to the Company all such
cash so paid in lieu of Shares for all or a portion of the PRSUs to the Grantee
hereunder; provided, however, that if the Grantee no longer holds Shares issued
to the Grantee hereunder, the Grantee shall pay to the Company in cash the Fair
Market Value of any such Shares on the date such Shares were issued to the
Grantee hereunder.
7.    Recoupment. Except where void by law and unless otherwise determined, the
PRSUs and the Shares issued (or the cash payment if the Company elected, instead
of Shares, for all or a portion of the PRSUs , to make a cash payment equal to
the Fair Market Value of the Shares for all or a portion of the PRSUs,
determined on the Settlement Date) in respect of the vested PRSUs hereunder is
subject to forfeiture and/or recoupment in the event that a Grantee has engaged
in misconduct, including: (y) a serious violation of the Company's Code of
Business Conduct & Ethics; or (z) a violation of law within the scope of
employment with the Company. All PRSUs hereunder are also subject to the
Company's Compensation Recoupment Policy.
8.    Service Acknowledgements
The Grantee acknowledges and agrees as follows:
(a)    The execution and delivery of this Agreement and the granting of the
PRSUs hereunder shall not constitute or be evidence of any agreement or
understanding, express or implied, on the part of the Company or any of its
Subsidiaries to employ the Grantee for any specific period. Moreover, the PRSUs
do not become part of a contract of employment or any other employment
relationship with the Grantee's employer.

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(b)    The award of the PRSUs hereunder does not entitle the Grantee to any
benefit other than that specifically granted under this Agreement and under the
Plan, nor to any future grants or other benefits under the Plan or any similar
plan, even if PRSUs have ever been granted in the past or have repeatedly been
granted in the past. Any benefits granted under this Agreement and under the
Plan are extraordinary and not part of the Grantee's ordinary or expected
compensation, and shall not be considered as part of such compensation in the
event of severance, redundancy or resignation or salary for any purpose,
including, but not limited to, calculating any severance, resignation,
termination, redundancy, end-of-service payments, bonuses, long-service awards,
pension, welfare or retirement benefits or similar payments and in no event
should be considered as compensation for, or relating in any way to, past
services for the Company or any of its Subsidiaries. The Grantee understands and
accepts that the benefits granted under the Plan are entirely at the grace and
discretion of the Company and that the Company retains the right to amend or
terminate the Plan, and/or the Grantee's participation therein, at any time, at
the Company's sole discretion and without notice, subject to applicable law.
(c)    Nothing in this Agreement shall confer upon the Grantee any right to
continue in the service of the Company or a Subsidiary or interfere in any way
with any right of the Company or a Subsidiary to terminate the employment of the
Grantee at any time, subject to applicable law.
(d)    The Grantee is voluntarily participating in the Plan.
(e)    The grant of PRSUs will not be interpreted to form an employment contract
with the Company or any of its Subsidiaries.
(f)    Neither the Company nor any Subsidiary is providing any tax, legal or
financial advice or making any recommendations regarding the Grantee's
participation in the Plan or the Grantee's acquisition or sale of the Shares.
(g)    In consideration of the grant of the PRSUs, no claim or entitlement to
compensation or damages arises from termination of the PRSUs or diminution in
value of the PRSUs or Shares acquired upon settlement of the PRSUs and the
Grantee irrevocably releases the Company and its Subsidiaries from any such
claim that may arise. If, notwithstanding the foregoing, any such claim is found
by a court of competent jurisdiction to have arisen then, by accepting the
PRSUs, the Grantee shall be deemed irrevocably to have waived the Grantee's
entitlement to pursue such a claim.
(h)    Any notice period mandated under applicable law shall not be treated as
service for the purpose of determining the vesting of the PRSUs; and the
Grantee's right to vesting of Shares in settlement of the PRSUs after
termination of service, if any, will be measured by the date of termination of
the Grantee's active service and will not be extended by any notice period
mandated under applicable law. Subject to the foregoing and the provisions of
the Plan, the Company, in its sole discretion, shall determine whether the
Grantee's service has terminated and the effective date of such termination.

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(i)    The future value of the underlying Shares is unknown and cannot be
predicted with certainty. The value of the Shares may increase or decrease.
9.    Data Privacy Acknowledgment and Consent.
By signing this Agreement, the Grantee acknowledges and agrees that in order to
implement, manage and administer the Grantee's participation in the Plan and/or
in connection with tax or other governmental and regulatory compliance
activities directly or indirectly related to the PRSUs, the Company and/or an
entity belonging to the Company's group of companies (including the Grantee's
employer) may need to process the Grantee's personal data (electronically or
otherwise) including, but not limited to, the Grantee's name, home address and
telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, any shares or directorships held in the
Company, details of all PRSUs or any other entitlement to Shares awarded,
canceled, vested, unvested or outstanding in the Grantee's favor, for the
purpose of implementing, administering and managing the Plan (the “Personal
Data”). The transfer of Personal Data to and collection by third party service
providers outside the Company's group of companies, such as the Company's
authorized agent, may also be necessary in order to manage and administer the
Plan.
The Grantee expressly and unambiguously consents to the collection, use and
processing of Personal Data by the Company, entities belonging to the Company's
group of companies, and third party service providers, and the transfer of
Personal Data by such parties to the U.S. and other countries, which may have a
different or lower level of data protection law than the Grantee's home country,
relating to the Grantee's participation in the Plan. The Grantee authorizes the
recipients to receive, possess, use, retain and transfer the Personal Data, in
electronic or other form, for the purposes of implementing, administering and
managing the Grantee's participation in the Plan, including any requisite
transfer of such Personal Data as may be required to a broker or other third
party with whom the Grantee may elect to deposit any Shares acquired upon
settlement of the PRSUs. The Grantee understands that Personal Data will be held
only as long as is necessary to implement, administer and manage the Grantee's
participation in the Plan. The Grantee understands that he or she may, at any
time, view Personal Data, request additional information about the storage and
processing of Personal Data, require any necessary amendments to Personal Data
or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing the Grantee's local stock program coordinator. The Grantee
understands, however, that refusing or withdrawing the Grantee's consent may
affect the Grantee's ability to participate in the Plan. For more information on
the consequences of the Grantee's refusal to consent or withdrawal of consent,
the Grantee understands that he or she may contact the Grantee's local stock
program coordinator.
The Company will take reasonable measures to keep the Personal Data private,
confidential and accurate. The Grantee may obtain details with respect to the
collection use, processing and transfer of his/her Personal Data in relation to
Plan participation and may also request a list with the names and addresses of
any potential recipients of the Data and/or access to and updates of such
Personal Data, if needed, by contacting his or her local stock program
coordinator.

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10.    Application of Laws. The granting of these PRSUs and the delivery of
Shares hereunder shall be subject to all applicable laws, rules and regulations.
11.    Taxes. By accepting this grant, the Grantee hereby irrevocably elects to
satisfy any taxes and social insurance contribution withholding required to be
withheld by the Company or any of its Subsidiaries on the date of grant or
vesting of the PRSUs or delivery or sale of any Shares hereunder or on any
earlier date on which such taxes or social contribution withholding may be due
(“Tax Liability”) by authorizing the Company or any of its Subsidiaries to
withhold a sufficient number of Shares or cash in lieu thereof from the
Grantee's wages or other compensation to fully satisfy the Tax Liability.
Furthermore, the Grantee agrees to pay the Company or any of its Subsidiaries
any amount of the Tax Liability that cannot be satisfied through one of the
foregoing methods.
Notwithstanding the preceding sentence, if, on the applicable Settlement Date or
on any earlier date on which such Tax Liability may be due, the delivery of
Shares is not made because of U.S. Internal Revenue Code Section 409A
requirements (or, for those Grantees eligible, because the Grantee elects,
pursuant to the Company's Deferred Compensation Plan, to defer the delivery of
Shares payable hereunder) or for some other reason, the Grantee hereby
irrevocably elects to satisfy the Tax Liability due on the applicable Settlement
Date or on any earlier date on which such taxes may be due with respect to such
Shares for which delivery is being deferred by delivering cash to the Company in
an amount sufficient to fully satisfy the Tax Liability.
The Grantee acknowledges and agrees that the ultimate responsibility for the Tax
Liability is and remains with the Grantee. The Grantee further acknowledges
that: (a) the Company and its Subsidiaries make no representations or
undertakings regarding the Tax Liability; (b) the Company and its Subsidiaries
do not commit to structure the terms of the grant or any other aspect of the
PRSUs to reduce or eliminate the Tax Liability; and (c) the Grantee should
consult a tax adviser regarding the Tax Liability.
12.    U.S. Internal Revenue Code Section 162(m) or 409A. To the extent that the
PRSUs are intended to qualify as “performance-based compensation” within the
meaning of U.S. Internal Revenue Code Section 162(m) or to the extent the PRSUs
are subject to U.S. Internal Revenue Code Section 409A, any provision,
application or interpretation of this PRSU that is inconsistent with such U.S.
Internal Revenue Code Sections shall be disregarded with respect to such PRSU,
as applicable. In no event shall the Company, any of its affiliates, any of its
agents, or any member of the Board have any liability for any taxes imposed in
connection with a failure of the Plan to comply with U.S. Internal Revenue Code
Section 409A.
13.    Translation. To the extent that the Grantee has been provided with a
translation of this Agreement in a language other than English, the English
language version of this Agreement shall prevail in case of any discrepancies or
ambiguities due to translation.

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14.    Acknowledgement. The Company and its Subsidiaries and the Grantee agree
that the PRSUs are granted under and governed by the Grantee's grant
notification, this Agreement and by the provisions of the Plan (incorporated
herein by reference). The Grantee: (a) acknowledges that the Grantee has
carefully read and is familiar with each of the provisions of the foregoing
documents; and (b) hereby accepts the PRSUs subject to all of the terms and
conditions set forth herein and those set forth in the Plan and the Grantee's
grant notification.
15.    Compliance with Laws and Regulations. The issuance of Shares will be
subject to and conditioned upon compliance by the Company and its Subsidiaries
and the Grantee with all applicable laws and regulations and with all applicable
requirements of any stock exchange or automated quotation system on which the
Company's Shares may be listed or quoted at the time of such issuance or
transfer.
16.    Foreign Exchange. Where applicable, the Grantee acknowledges and agrees
that it is the Grantee's sole responsibility to investigate and comply with any
applicable exchange control laws in connection with the issuance and delivery of
the Shares pursuant to the vesting of the PRSUs and that the Grantee shall be
responsible for any reporting of inbound international fund transfers required
under applicable law. The Grantee is advised to seek appropriate professional
advice as to how the exchange control regulations apply to the Grantee's
specific situation.
17.    Electronic Delivery. The Company or any of its Subsidiaries may, in its
sole discretion, decide to deliver any documents related to current or future
participation in the Plan by electronic means. The Grantee hereby consents to
receive such documents by electronic delivery and agrees to participate in the
Plan through an on-line or electronic system established and maintained by the
Company or another third party designated by the Company.
18.    Appendix. Notwithstanding any provisions in this Agreement, the PRSUs
shall be subject to any special terms and conditions set forth in Appendix A to
this Agreement for the Grantee's country, which shall constitute part of this
Agreement. Moreover, if the Grantee relocates to one of the countries included
in Appendix A, the special terms and conditions for such country will apply to
the Grantee, to the extent the Company or any of its Subsidiaries determines
that the application of such terms and conditions is necessary or advisable in
order to comply with local law or facilitate the administration of the Plan.
 
[Signatures on Next Page]

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IN WITNESS WHEREOF, the Company, by its duly authorized officer, and the Grantee
have executed this Agreement as of the Grant Date.
When the Grantee accepts the Grant, the Grantee and the Company and its
Subsidiaries are agreeing that the PRSUs are granted under and governed by the
terms and conditions of the Plan, the Grantee's grant notification and this
Agreement. The Grantee has reviewed the Plan, the Grantee's grant notification
and this Agreement in their entirety, has had an opportunity to obtain the
advice of counsel prior to accepting this Agreement, and fully understands all
provisions of the Plan, the Grantee's grant notification and this Agreement. The
Grantee hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Committee upon any questions relating to the Plan, the
Grantee's grant notification and this Agreement. The Grantee further agrees to
notify the Company upon any change in Grantee's residence address.

AVON PRODUCTS, INC.
 
GRANTEE
 
 
 
Chief Executive Officer
 
Name:
 
 
 
 

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APPENDIX A

ADDITIONAL TERMS AND CONDITIONS OF
PERFORMANCE CONTINGENT RESTRICTED STOCK UNIT AGREEMENTS
UNDER THE
AVON PRODUCTS, INC. 2013 STOCK INCENTIVE PLAN
NON-U.S. EMPLOYEES

This Appendix includes additional terms and conditions that govern the PRSUs
granted to the Grantee under the Plan if the Grantee resides in one of the
countries listed below. Capitalized terms used but not defined in this Appendix
have the meanings set forth in the Plan and/or the Agreement.
The Grantee understands and agrees that the Company strongly recommends that the
Grantee not rely on the information herein as the only source of information
relating to the consequences of participation in the Plan because applicable
rules and regulations regularly change, sometimes on a retroactive basis, and
the information may be out of date at the time the PRSUs vest or the Shares are
issued under the Plan.
 
The Grantee further understands and agrees that if the Grantee is a citizen or
resident of a country other than the one in which the Grantee is currently
working, transfers employment after grant of the PRSUs, or is considered a
resident of another country for local law purposes, the information contained
herein may not apply to the Grantee, and the Company shall, in its discretion,
determine to what extent the terms and conditions contained herein shall apply.

Argentina
Securities Law Notice
The Grantee understands and agrees that neither the grant of the PRSUs nor the
issuance of Shares constitute a public offering as defined under Argentine law.
The offering of the PRSU is a private placement. As such, the offering is not
subject to the supervision of any Argentine governmental authority.

Australia

Foreign Exchange Notice
The Grantee may be responsible for reporting cash transactions inbound and/or
outbound that exceed a certain amount. The Grantee also may be responsible for
reporting inbound and/or outbound international fund transfers of any value,
which do not involve a local bank.

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Brazil

Compliance Notice
By accepting the PRSUs, the Grantee agrees to comply with all applicable
Brazilian laws and satisfy all applicable tax and social insurances associated
with the vesting of the PRSUs and the sale of the Shares obtained pursuant to
the vesting of the PRSUs. That Grantee agrees that, for all legal purposes: (i)
the benefits provided under the Plan are the result of commercial transactions
unrelated to the Grantee's employment; (ii) the Plan is not a part of the terms
and conditions of the Grantee's employment; and (iii) the income from the PRSUs,
if any, is not part of the Grantee's remuneration from employment.

Bulgaria

Foreign Exchange Notice
Foreign brokerage account balances in excess of BGN 50,000 on each December 31st
must be reported to the Bulgarian National Bank by March 31st of the following
calendar year. Moreover, for payments equal to or exceeding BGN 5,000, a
statistical form must be submitted to the commercial bank handling the
transaction.
Securities Disclaimer
The grant of the PRSUs is exempt from the requirement to publish a prospectus
under the EU Prospectus Directive as implemented in Bulgaria.

Canada

Share Settlement
Notwithstanding any discretion or anything to the contrary in the Plan, the
grant of the PRSUs does not provide any right for the Grantee to receive a cash
payment and the PRSUs will be settled in Shares only.

French Language Waiver
The following provisions will apply to Grantees who are residents of Quebec:

The parties acknowledge that it is their express wish that this Agreement, as
well as all documents, notices and legal proceedings entered into, given or
instituted pursuant hereto or relating directly or indirectly hereto, be drawn
up in English.

Les parties reconnaissent avoir exigé la redaction en anglais de cette
convention (“Agreement”), ainsi que de tous documents exécutés, avis donnés et
procedures judiciaries intentées, directement ou indirectement, relativement à
la présente convention.

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Chile

Foreign Exchange Notice
Both Avon Products, Inc. and its shares are not listed on the Chilean Registry
of Securities and are not under the supervision and control of the SVS. You must
notify the Central Bank (and Tax Bureau) of currency transfers for investments
in foreign securities that exceed US $10,000 per transfer or total more than US
$5 million per year in value. Generally, this notification will be made by the
commercial bank handling the transfer. Additionally, the Central Bank must be
informed annually (within 90 day of the end of the year) of foreign investments
exceeding US $10,000 pre transfer or US $5 million per year in value.

Colombia

Foreign Exchange Notice
The Grantee understands and acknowledges that if the Grantee's total overseas
investments, including but not limited to any Shares acquired under the Plan, at
any time exceeds US $500,000, the Grantee must register such investments with
the Colombian Central Bank by June 30 of the following year.

France
Language Consent
In accepting the grant of the PRSUs and the Agreement which provides for the
terms and conditions of the PRSUs, the Grantee confirms that he or she has read
and understood the documents relating to the PRSUs (the Plan and the Agreement),
which were provided in the English language. The Grantee accepts the terms of
these documents accordingly.
Consentement Relatif à la Langue Utilisée
En acceptant cette attribution gratuite d'actions et ce contrat qui contient les
termes et conditions de cette attribution gratuite d'actions, l'employé confirme
ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan et
le Contrat d'Attribution) qui lui ont été communiqués en langue anglaise.
L'employé en accepte les termes en connaissance de cause.

Hong Kong
Securities Law Notice
The PRSUs and Shares issued upon vesting of the PRSUs do not constitute a public
offering of securities under Hong Kong law and are available only to employees
of the Company and its Subsidiaries. The Agreement, including this Appendix, the
Plan and other incidental communication materials have not been prepared in
accordance with and are not intended to constitute a “prospectus” for a public
offering of securities under the applicable securities legislation in Hong Kong.
Nor have the documents been reviewed by any regulatory authority in Hong Kong.
The PRSUs are intended only for the personal use of each eligible employee of
the Company or its Subsidiaries and may not

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be distributed to any other person. If the Grantee is in any doubt about any of
the contents of the Agreement, including this Appendix, or the Plan, the Grantee
should obtain independent professional advice.
Hungary

Securities Disclaimer
The grant of the PRSUs is exempt from the requirement to publish a prospectus
under the EU Prospectus Directive as implemented in Hungary.

The grant of PRSUs is made pursuant to and in compliance with the private
placement rules under the Capital Markets Act CXX of 2001.

India
Fund Repatriation
The Grantee understands that he or she must repatriate any proceeds from the
sale of Shares acquired under the Plan to India and convert the proceeds into
local currency within ninety (90) days of receipt. The Grantee will receive a
foreign inward remittance certificate (“FIRC”) from the bank where he or she
deposits the foreign currency. The Grantee should maintain the FIRC as evidence
of the repatriation of fund in the event the Reserve Bank of India or the
Company requests proof of repatriation.
Italy
Foreign Exchange
To participate in the Plan, the Grantee must comply with exchange control
regulations in Italy. Transfer of funds in excess of a certain amount to or from
Italy in connection with the Grantee's participation in the Plan may need to be
reported in the Grantee's individual tax return. In addition, Shares held by the
Grantee in excess of a certain value may need to be reported on the Grantee's
individual tax return. The Grantee is urged to seek appropriate professional
advice as to how the exchange control regulations apply to the Grantee's
specific situation.

Italy (continued)

Securities Disclaimer
The grant of the PRSUs is exempt from the requirement to publish a prospectus
under the EU Prospectus Directive as implemented in Italy.

Malaysia

Securities Law Notice
The grant of PRSUs has been made in compliance with applicable Malaysian
securities requirements including, as appropriate, filing an Information
Memorandum with the Malaysian Securities Commission.

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Mexico

Employment and Labor Law Acknowledgments
As a condition of accepting the PRSU, the Grantee acknowledges and agrees that:
(i) the PRSU is not related to the salary or any other contractual benefits
provided to the Grantee by the Grantee's employer; (ii) any modification of the
Plan or its termination shall not constitute a change or impairment of the terms
and conditions of the Grantee's employment; (iii) the grant of the PRSU is
unilateral and discretionary and, therefore, the Company reserves the absolute
right to amend it and discontinue it at any time without any liability to the
Grantee; and (iv) neither the grant of the PRSU nor the issuance of Shares in
any way establishes a labor relationship between the Grantee and the Company,
which is headquartered in the United States, or any additional rights between
the Grantee and the Grantee's employer, based in Mexico.

Employment and Labor Law Acknowledgments
By accepting the PRSU, the Grantee acknowledges that the Grantee has received a
copy of the Plan, has reviewed the Plan and the Agreement in their entirety, and
fully understands and accepts all provisions of the Plan and the Agreement.

The Grantee acknowledges and confirms that the Grantee does not reserve any
action or right to bring any claim against the Company or its Subsidiaries for
any compensation or damages as a result of participation in the Plan and
therefore grants a full and broad release to the Company and its Subsidiaries
with respect to any claim that may arise under the Plan.

Morocco

Foreign Exchange Notice
The transfer of funds abroad is subject to prior approval by the Foreign
Exchange Office of the Ministry of Finance (FEO). Repatriation of cash proceeds
from an award, including dividends and proceeds from the sale of shares
underlying any award, may be required.

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Poland

Foreign Exchange Notice
The Grantee understands and acknowledges that the Grantee must notify the
National Bank of Poland of the value of all foreign share ownership, including
but not limited to Shares acquired under the Plan, if such ownership exceeds a
designated threshold. The Grantee is strongly encouraged to consult with an
appropriate legal advisor regarding these requirements.

Securities Disclaimer
The grant of the PRSUs is exempt from the requirement to publish a prospectus
under the EU Prospectus Directive as implemented in Poland.

Republic of Korea
Foreign Exchange Notice
Please note that the proceeds received from the sale of stock overseas must be
reported to Korea within eighteen (18) months if such proceeds exceed U.S.
$500,000 per sale. Separate sales may be deemed a single sale if the sole
purpose of separate sales was to avoid a sale exceeding the U.S. $500,000 per
sale threshold.
Spain
Foreign Exchange Notice
The Grantee understands that to participate in the Plan, the Grantee must comply
with exchange control regulations in Spain. In this regard, the Grantee
understands that if the Grantee receives cash proceeds from the sale of Shares,
the Grantee must comply with all applicable foreign exchange regulations and
notification requirements and provide any required information to the local
financial institution through which the Grantee transfers the funds.

If the Grantee acquires Shares under the Plan and wishes to transfer the share
certificates to Spain, the Grantee understands that the Grantee must declare the
importation of such securities to the Dirección General de Política Comercial e
Inversiones Exteriores, (i.e., the Bureau for Commercial Policy and Foreign
Investments, which is a department of the Ministry of Economy).

Securities Disclaimer
The grant of the PRSUs is exempt from the requirement to publish a prospectus
under the EU Prospectus Directive as implemented in Spain.

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Taiwan

Securities Disclaimer
The Plan is not registered in Taiwan with the Securities and Futures Bureau and
is not subject to the securities laws of Taiwan.

United Kingdom

Tax and National Insurance Contributions
In the event that the Company determines that it is required to account to HM
Revenue & Customs for the Tax Liability and any Secondary NIC Liability or to
withhold any other tax as a result of the PRSUs, the Grantee, as a condition to
the vesting of the PRSUs, shall make arrangements satisfactory to the Company to
enable it to satisfy all withholding liabilities. The Grantee shall also make
arrangements satisfactory to the Company to enable it to satisfy any withholding
requirements that may arise in connection with the vesting or disposition of
Shares acquired pursuant to the PRSUs.
As a further condition of the vesting of the PRSUs under the Plan, the Grantee
may at the Company's discretion be directed to join with the Company, or if and
to the extent that there is a change in the law, any of its Subsidiaries or
person who is or becomes a Secondary Contributor in making a Joint Election
which has been approved by HM Revenue & Customs, for the transfer of the whole
any Secondary NIC Liability.
To the extent permitted by law, the Grantee hereby agrees to indemnify and keep
indemnified the Company and its Subsidiaries for any Tax Liability.
Securities Disclosure
Neither this Agreement or Appendix is an approved prospectus for the purposes of
section 85(1) of the Financial Services and Markets Act 2000 (“FSMA”) and no
offer of transferable securities to the public (for the purposes of section 102B
of FSMA) is being made in connection with the Plan. The Plan and the PRSUs are
exclusively available in the UK to bona fide employees and former employees and
any other UK Subsidiary.

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