Document:

Exhibit 4.3

 

Consent of Independent Registered
Public Accounting Firm

We consent to the
reference made to our firm under the caption “Independent Registered Public Accounting Firm” in Part B of the Prospectus
and to the use of our report dated August 23, 2017, in this Registration Statement (Form S-6 No. 333-219808) of Smart Trust 341,
comprising Smart Trust, California Municipal Portfolio of Closed-End Funds Trust, Series 7.

 

	 	/s/ Grant Thornton LLP

 

Chicago, Illinois

August 23, 2017Exhibit 10.1

 

CHANGE MANAGEMENT FORM

	
Statements of Work (“SOWs”):

Support.com, Inc. (“Vendor”):

Statement of Work #1 (“SOW 1”) [for Wireless Gateway Support], October 1, 2013;

Xfinity Home Remote Support (“SOW 3”), March 21, 2014;

	
PCR No.:

	
Originator:  Joy Park

	
Date: 6/28/2017

	
Department: NCO

	
Phone #:

	
Title: Vice President

	
Locations Impacted: All

	
Implementation Date: 7/1/2017

	
Estimated Hours: (LOE)

	
☐ Billable  ■ Non-Billable

	
Billing Rate/Hour:

	
Fixed Fee Cost (if applicable) N/A

	
Type of Change: The purpose of this CMF is to provide Vendor Comcast’s procedures and technical requirements related to Comcast’s Customer Approval program. Unless specifically provided in this CMF, all other terms of SOWs remain unchanged.

	
Scope of Change: Procedures and Requirements

	
☒Minor (Anything within current contract)

	
☐Major (may require contract amendment)

MUST BE REVIEWED BY Business and/or P&L Owner

	
Area(s) of Change

	
☐    Accounting/Payroll

	
☐    Network

	
☐    Data Processing

	
☐    Resource Planning

	
☐    General Facilities

	
☐    Quality Assurance

	
☐    Human Resources

	
☐    Telecom 

	
☐    IT/BI

	
☐    Training

	
☐    Operations

	
☐    Recruiting

	
☒    Other:  Customer Approval Procedures and Technical Requirements

Effective July 1, 2017, Vendor, for good and valuable consideration, the receipt of which is hereby acknowledged, agrees to implement and maintain compliance with Comcast’s current integration and technical requirements for business partners, as provided by Comcast to Vendor.

	
Comcast Authorization

	 
	
Comcast Representative’s Signature

	
/s/ Joy Park

	
Print Name

	
Joy Park, Vice President 

	Date 	
08/10/2017

	 

	
Support.com Authorization

	 
	
Support.com Representative’s Signature

	
   /s/ Rick Bloom 

	
Print Name

	
Rick Bloom

	Date	
08-07-2017

	 

 

COMCAST and Support.com, Inc. CONFIDENTIAL

  

Page 1 of 4Exhibit 10.2

 

CONFIDENTIAL TREATMENT REQUESTED – CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION. THE OMITTED PORTIONS HAVE BEEN REPLACED WITH "[***]."

 

CHANGE MANAGEMENT FORM

TO STATEMENT OF WORK 3

 

	
Program: Support.com, Inc. (“Vendor”), Xfinity Home Remote Support Program SOW #3 (“SOW 3”) dated March 21, 2014

	
PCR No.:

	
Originator:  Joy Park

	
Date: August 1, 2017

	
Department: NCO

	
Phone #:

	
Title: Vice President

	
Locations Impacted:  Work at Home Locations

	
Implementation Date:  See below

	
Estimated Hours: (LOE)

	
☒ Billable        ☐ Non-Billable

	
Billing Rate/Hour: See SOW

	
Fixed Fee Cost (if applicable)  N/A

	
Type of Change:  See details below

	
Scope of Change:

	
☒ Minor (Anything within current contract)

	
☐Major (may require contract amendment)

MUST BE REVIEWED BY Business and/or P&L Owner

	
Reason for Change: Comcast and Vendor agree to extend the XH Mobile Chat App Term, make modifications to the XH Mobile Chat support, and increase FTE support under SOW 3 as set forth in more detail below.  Unless specifically provided in this CMF, all other terms of SOW 3 remain unchanged.

	
Area(s) of Change

	
☐   Accounting/Payroll

	
☐    Network

	
☐   Data Processing

	
☒    Resource Planning

	
☐   General Facilities

	
☐    Quality Assurance

	
☐   Human Resources

	
☐   Telecom

	
☐   IT/BI

	
☐   Training

	
☐   Operations

	
☐   Recruiting 

	
☒   Other:  XH Mobile Chat App Support

The parties, for good and valuable consideration, the receipt of which is hereby acknowledged, agree to the following:

		1.	
Effective August 1, 2017, The XH Mobile Chat App Term, as outlined in CMF 15 of SOW 3 dated May 8, 2017, shall be extended from [***] to[***].

		2.	
Effective August 1, 2017, Vendor shall provide [***] hours of Up-training to the XH voice support FTEs who shall provide XH mobile chat app support, such support may be in addition to XH voice support as directed by Comcast.  Vendor shall invoice Comcast for such Up-training at the Productive Hour Rate as set forth in SOW 3.

 

*** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION ***

 

CONFIDENTIAL TREATMENT REQUESTED – CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE COMMISSION. THE OMITTED PORTIONS HAVE BEEN REPLACED WITH "[***]."

 

		3.	
Effective August 1, 2017 for purposes of the XH Mobile Chat App Services only, line adherence shall not apply and Comcast and Vendor shall mutually agree on the productive hours to be performed by Vendor during the XH Mobile Chat App Term (“XH Mobile Chat App Forecast”).  Unless otherwise agreed to by the parties, each XH Mobile Chat App Forecast will include the FTE personnel needed to support the XH Mobile Chat App Forecast.  FTEs will be in a productive state, defined as chat time, wrap time, available time, outbound time, an estimate [***] per FTE. The parties shall work together to develop a planning model to staff FTE inclusive of new hire plans, shrinkage, AHT, and other assumptions that support the delivery of XH Mobile Chat App Services.  Comcast may modify XH Mobile Chat App Forecast based on business need.  Any changes to the XH Mobile Chat App Forecast that significantly impact transaction time will require a change management form to be approved and signed by both parties.  Comcast and Vendor will mutually agree upon and participate in the preparation of other workload volume forecasts, as reasonably required for the successful performance of the XH Mobile Chat App Services.

		4.	
Effective on a date as mutually by the parties in writing (including e-mail), Comcast and Vendor agree to increase FTE support by [***] FTEs under SOW 3 as directed by Comcast.  All [***] FTEs shall be new hires and billed at the training rate as set forth in SOW 3.

	
Comcast Authorization

	 
	
Comcast Representative’s Signature

	
     /s/ Joy Park

	
Print Name

	
Joy Park, Vice President

	Date	
 08/10/2017

	 

	
Support.com Authorization 

	 
	
Support.com Representative’s Signature

	
/s/ Rick Bloom

	
Print Name

	
Rick Bloom

	Date	
08-07-2017

	 

 

*** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION ***Exhibit

Exhibit 10.18
Termination Agreement

Termination Agreement 

dated 31 January 2017 

by and between 

Coty Geneva SA Versoix                             (the Company) Chemin de la Papeterie 1 
1290 Versoix 
Switzerland 

and 

Esi Eggleston Bracey                                 (the Employee) 

(The Company and the Employee are also referred to as Party or Parties.) 

regarding 

Termination of Employment 

1

	
					
	Table of Contents
	 

	1.
	Termination of Employment Relationship
	4

	2.
	Release from the Duty to Work
	5

	3.
	Consequences of Termination
	5

	 
	3.1.
	Performance of Work
	5

	 
	3.2.
	Remuneration
	6

	 
	 
	3.2.1.
	Salary
	6

	 
	 
	3.2.2.
	Bonus
	6

	 
	 
	3.2.3.
	Benefits and company car
	6

	 
	 
	3.2.4.
	ELTIP
	6

	 
	 
	3.2.5.
	Severance Payment
	6

	 
	 
	3.2.6.
	Deductions
	7

	 
	3.3.
	Accident Insurance, Daily Allowance Insurance and Pension Fund
	7

	 
	3.4.
	Unemployment Benefits
	7

	 
	3.5.
	Return of Documents and other Materials
	8

	 
	3.6.
	Confidentiality
	8

	 
	3.7.
	Non-Competition and Non-Solicitation
	9

	 
	 
	3/7/2001
	Non-Competition and Non-Solicitation
	9

	 
	 
	3.7.2.
	Consideration
	9

	 
	 
	3.7.3.
	Penalty
	9

	 
	3.8.
	Lawsuit Support
	10

	 
	3.9.
	Non-Disparagement
	10

	 
	3.10.
	Non-Representation
	11

	 
	3.11.
	Certificate of Reference
	11

	 
	3.12.
	Signatory Rights
	11

	 
	3.13.
	Repatriation
	11

	 
	3.14.
	Accommodation
	11

	4.
	Communication
	12

	5.
	Acknowledgement, Release and Waiver
	12

	6.
	Confirmation of Legal Advice
	13

	7.
	Miscellaneous
	13

	 
	7.1.
	Entire Agreement
	13

	 
	7.2.
	Amendments
	13

	 
	7.3
	Confidentiality
	13

2

	
				
	 
	7.4
	Notice
	14

	 
	7.5
	Waiver
	14

	 
	7.6
	Severability
	14

	 
	7.7
	Set-off
	14

	 
	7.8
	Interpretation and Language
	14

	 
	7.9
	Governing Law and Place of Jurisdiction
	15

	 
	7.10
	Execution
	15

	 
	 
	 
	 

	 
	 
	 
	 

	Signatures
	 
	16

Preamble 
		
	A. 
	The Employee and the Company have entered into an employment relationship on 1 October 2016 (the Employment Relationship) pursuant to an employment agreement dated 12 October 2015 (the Employment Agreement). Before the Employment Relationship, the Employee has been continuously employed within the Company or Procter & Gamble since 9 September 1991. 

		
	B. 
	The Employment Relationship and the Employment Agreement are governed by Swiss law. 

		
	C. 
	The Employee has served as Manager (Directeur) of the Company during her employment and provided services to the Company, its direct and indirect parent companies, their subsidiaries and/or any associated and affiliated entities (each a Group Company). 

		
	D. 
	The Company served the Employee with a termination notice on 17 January 2017, being effective, based on notice period as of 31 August 2017. 

		
	E. 
	After the termination meeting on 17 January, 2017, the Employee will be released from her duty to work until the Termination Date (as defined below) from March 10th, 2017. 

		
	F. 
	With regard to an amicable situation and a mutually successful separation, the Parties have come to the conclusion that it is in the best interest of the Parties to terminate the Employment Relationship by mutual consent. 

Therefore, the Parties enter into the following agreement (the Termination Agreement): 

3

Exhibit 10.18
Termination Agreement

		
	1. 
	Termination of Employment Relationship 

The Parties mutually agree to terminate the Employment Relationship as of 31 August 2017 (toe Termination Date). Any extension of the Employment Relationship, especially due to illness, shall be expressly excluded. 

The Employee confirms that no other employment relationship (than the one with the Company), no mandate, no agency nor any other legal or contractual relationship exists between the Employee and the Company or any other Group

4

Exhibit 10.18
Termination Agreement

 Company. If any such legal relationship would exist, the Parties agree to terminate such relationship as of today. 

		
	2. 
	Release from the Duty to Work 

The Employee is released from her duty to work as of 10 March 2017 (the Leaving Date) until to the Termination Date (the Release). For the avoidance of any doubt, the Employee's last working day will be the Leaving Date. 
If the Employee should be on business travel to the USA on the Leaving Date, then Company will undertake the eventual travel back of the Employee from the USA to Geneva on or after the Leaving Date. 

The Company reserves the right to call up the Employee for specific questions during the Release. Such call has to be communicated 2 days in advance. 

Any accrued or accruing vacation is to be taken during the Release and is set off against the time of the Release. Any overtime, if applicable, is also set off against the time of the Release. 

The Employee is entitled to start a new position or activity during the Release, subject to complying with the non-competition and non-solicitation undertakings as per Section 3.7. The Employee undertakes to inform the Company of the acceptance of a new position or the start of a self-employed activity immediately. This information shall contain the amount of the Employee's income up to the Termination Date, including any additional benefits. 

		
	3. 
	Consequences of Termination 

		
	3.1. 
	Performance of Work 

Until to the Leaving Date the Employee will perform her normal duties as Manager (Directeur) or such duties for the Company or a Group Company as the Company may from time to time reasonably requests. 

5

Exhibit 10.18
Termination Agreement

During the Release the Employee shall answer questions asked by the Company and be at the Company's disposal for any queries and the like at times to be mutually agreed upon by the Parties. 

		
	3.2. 
	Remuneration 

		
	3.2.1. 
	Salary 

From the signing of this Termination Agreement until the Termination Date, the Company will continue to pay to the Employee the same base salary (e.g. CHF 588.500.-per year, payable in 13 instalments) and as before. The thirteenth instalment will be paid pro rata temporis with the last salary. 

		
	3.2.2. 
	Bonus 

The Employee is entitled to a FY 2017 Bonus as per the APP policy. 
The Employee will receive, at Termination Date, a prorated APP Bonus for July and August 2017 based on the target which means: 70% of annual base salary x 2/12. 
		
	3.2.3. 
	Benefits and company car 

The Employee is entitled, until Termination Date, to all the contractual and non-contractual benefits as previously as per the Employment Agreement and by applicable Coty policy, including, but not limited to, housing allowance, health insurance, company car and tax assistance for 2016 and 2017, except otherwise stated in this Termination Agreement. 

		
	3.2.4. 
	ELTIP 

The Employee will not be entitled to any awards under the Equity & Long Term Incentive Plan (the ELTIP). 
All award granted under the ELTIP will be forfeited. 
		
	3.2.5.
	 Severance Payment 

For the longtime and loyal services to the Company (including any other Group Company or Procter & Gamble), her undertakings in this Termination 

6

Exhibit 10.18
Termination Agreement

Agreement and pursuant to article 5.1 of the Employment Agreement, the Employee is entitled to a severance payment of CHF 1,177,000 CHF gross, payable by end of August 2017. 

		
	3.2.6. 
	Deductions 

From all payments the same deductions as in the past will be made, including, but not limited to social security contributions (AHV (Old-age and surviving dependents insurance)/IV (Disability insurance)/EO (Wage Compensation Order), ALV (Unemployment insurance)), UV (accidence insurance), and withholding taxes, if any. 

		
	3.3. 
	Accident Insurance, Daily Allowance Insurance and Pension Fund 

The benefits coverage under the accident insurance will cease 30 days after the Termination Date. The Company herewith informs the Employee that the Employee is obliged to notify her health insurer about the fact that the Employment Relationship will end and the Employee needs to include an accident insurance into her health insurance in order to secure sufficient insurance coverage. 
The Employee confirms to have been informed about the possibility of entering into a single accord insurance with the accident insurance provider of the Company as well as the daily allowance insurance provider of the Company. 
		
	3.4. 
	Unemployment Benefits 

The Company herewith informs the Employee that the Employee should get in 
contact with the responsible centre for unemployment (office regional de 
placement (ORP)) within the next few days. If the Employee does not register 
the termination of the Employment Relationship this may lead to a reduction of 
any unemployment compensation. Pursuant to the law, the Employee is 
required to start to apply for new positions as soon as the Employee has signed 
this Agreement: 

7

Exhibit 10.18
Termination Agreement

		
	3.5. 
	Return of Documents and other Materials 

On the Leaving Date at the latest the Employee shall hand over to the Company all documents of a confidential nature (and copies thereof) belonging or relating to the Company or any other Group Company. In addition, the Employee shall return all property belonging to the Company or any other Group Company, including, but not limited to, files, calculations, books, documents, notes, business plans and forecasts, computers, laptops, mobile phones, credit cards, and keys, etc. Furthermore, the Employee shall destroy on her own data processing equipment all electronically stored confidential data belonging to the Company or a Group Company. 
All documents and property belonging to the Company or any Group Company which the Employee will obtain in the course of her activities requested by the Company pursuant to Section 2 in the future will have to be handed over to the Company on the Leaving Date at the latest. 
		
	3.6. 
	Confidentiality 

For the remainder of the Employment Relationship and thereafter the Employee shall keep strictly confidential and neither use for her own purposes or that of others nor make known to any third person any trade or business secret of the Company or any Group Company. These include in particular, but not exhaustively any products, improvements, designs, processes, customers, methods of distribution or methods of operation, sales, prices, profits, costs, contracts, suppliers, business prospects, business methods, techniques, research, trade secrets, or know-how or data obtained by the Employee during the Employment Relationship, regardless of whether such information is confidential or not, except if such information is already publicly known and in the public domain. 
The Employee may not make any statement to the media, as far as she is not authorized to do so by the Company. 

8

Exhibit 10.18
Termination Agreement

		
	3.7.
	Non-Competition and Non-Solicitation

		
	3.7.1.
	Non-Competition and Non-Solicitation

As the Employee does know all the clients and business secrets of the Company, during the term of the remaining employment until 31 December 2017, the Employee may not, directly or indirectly, engage in or conduct any business or services in competition with the Company or any Group Company in the beauty industry, but limited to the areas of fragrance, cosmetics and hair retail, including accept employment with or acquiring any material participating interest in any company or legal entity conducting such a competing beauty business. This non-compete is valid on a worldwide basis 
During the remaining term of the employment and until 31 December 2017, the Employee also agrees that she may not, directly or indirectly, for her own or any other person's benefit solicit or encourage one or more of the Company's or any Group Company's customers or prospective customers or suppliers with whom the Employee has had material dealings within the 24 months prior to termination of employment, to cease business with the Company or with any Group Company, or, entirely or partly, transfer their custom to a business which is in competition with the Company or with any Group Company. 
Furthermore, the Employee may not during the remaining term of the employment and for twelve (12) months after the Termination Date, directly or indirectly, encourage one or more of the Company's or any Group Company's employees with whom she has had material dealings within the 24 months prior to termination of employment to leave their employment with the Company or any Group Company. 
		
	3.7.2
	Consideration 

From 1 September 2017 until 31 December 2017 the Employee shall receive a compensation of CHF 45'269 per month as consideration for the compliance with the undertakings in Section 3.7.1. 
		
	3.7.3
	Penalty 

In the event of any single breach of the obligations pursuant to Sections 3.7.1, the Employee shall pay to the Company a penalty of CHF 300.000 per occurrence. Furthermore, the Company shall have the right to be fully indemnified and held harmless for all losses exceeding the amount of the 

9

Exhibit 10.18
Termination Agreement

penalty. The payment of the penalty shall in no way relieve the Employee from her non-competition and non-solicitation obligations. 
Multiple breaches of the obligations pursuant to Sections 3.7.1 trigger each separate penalties. 
The Company is entitled to specifically prohibit taking up or continuing any employment or other activity that violated this non-competition and non-solicitation clause. 
In addition, the Company shall have the right to request the immediate discontinuation or to prevent any repetition of a breach by the Employee of the present non-competition and non-solicitation clause by means of an injunction in accordance with article 340b paragraph 3 of the Swiss Code of Obligations or of any other appropriate legal remedies. 
		
	3.8. 
	Lawsuit Support 

The Employee will support the Company or any other Group Company in any lawsuits, civil or public proceedings, inquiries, hearings or other formal procedures, including, but not limited to, provision of testimonies or witnessing. After the Termination Date, the Company or the respective Group Company pay adequate compensation for such services of the Employee. 

		
	3.9. 
	Non-Disparagement 

The Employee agrees not to disparage the Company or any other Group Company as well as their directors, officers, employees, shareholders, agents and attorneys, in any manner likely to be harmful to them or their business, products, business reputation or personal reputation, provided that the Employee shall respond accurately and fully to any question, inquiry or request for information when required by law or court order. 

Likewise, the Company undertakes that none of its members of the board of directors and the Executive Committee Leadership, will, as long as they are employees of the Company, disparage the Employee in any manner likely to be harmful to her business or personal reputation, provided that those employees shall respond accurately and fully to any question, inquiry or request for information when required by law or court order. 

10

Exhibit 10.18
Termination Agreement

		
	3.10. 
	Non-Representation 

From the Termination Date onwards, the Employee will not hold herself out as an employee, director, officer, agent or attorney of the Company or any other Group Company. 
		
	3.11. 
	Certificate of Reference 

The Employee shall be entitled to an interim certificate of reference which will be handed out within 10 days of the execution of this Agreement. In addition the Employee shall be entitled to a final certificate of reference to be executed and delivered by the Company on the Termination Date or promptly thereafter. 

		
	3.12. 
	Signatory Rights 

The Employee's signatory rights for the Company and/or any Group Company shall cease on the Leaving Date and the Parties shall procure to timely delete the respective entry/entries in the Commercial Register of the Canton of Geneva. 

		
	3.13. 
	Repatriation 

The Company will cover the costs for the repatriation of the Employee to New 
York or Chicago (USA), subject to the conditions as per the Coty relocation policy. 

		
	3.14. 
	Accommodation 

The Company agrees to reimburse the Employee for the costs of her apartment in New York for the period from 22 October 2016 up to 31st March 2017 up to a maximum amount of USD 6'000 per month, subject to the following conditions: 
		
	(a) 
	the Employee submits the rental agreement to the Company; 

		
	(b) 
	the Employee provides evidence for the payment of the rent; 

11

Exhibit 10.18
Termination Agreement

		
	(c) 
	the Employee provides evidence that the apartment has been terminated as of 30 June 2017 or earlier, if possible; and 

		
	(d) 
	in case the termination is not possible as of 31st March 2017, assigns the lease for the apartment for the remaining term to the Company or another Group Company so that the apartment can be used for other employees after 31st March 2017 (for the avoidance of any doubt, the Company will then pay the landlord directly for this period). If the landlord does not accept to assign the lease to the Company or another Group Company, or does not agree to the occupancy of the apartment by another employee, then the Company will not make any reimbursement for such period after 31st  March 2017. 

		
	4. 
	Communication 

The Company and the Employee will mutually agree on the internal and external (if any is done by the Company) communication about the fact that the Employee will leave the Company and on the communication timeline, including pre-announcement to EC, DLT and leadership teams. In case the Parties cannot agree on the wording, then the Company shall have a decisive right on the communication. 

		
	5. 
	Acknowledgement, Release and Waiver 

The Employee acknowledges that she has no further rights or claims resulting from the Employment Relationship or the Employment Agreement or arising from the services provided to Group Companies against the Company or any Group Company, except for the entitlements expressly mentioned in this Agreement. 

Upon execution and performance of this Termination Agreement neither Party shall have any further claims against the other Party resulting from the Employment Relationship and its termination. 
The Parties hereby fully release and discharge each other from any and all claims and/or obligations including, but not limited to, claims, obligations and/or demands related to salary, stock options, shares, allowances, bonuses, commissions, thirteenth month payment, vacation, overtime, fringe benefits, 

12

Exhibit 10.18
Termination Agreement

expense reimbursements, severance pay, discrimination, harassment, fraud and defamation provisions. 

This full settlement clause is applicable on known and unknown claims, irrespective of the nature of such claims or on claims which one of the Parties might not have known or on which one of the Parties might not have thought of. The Parties are aware of the fact tha t with the signing of this Termination Agreement, they explicitly and irrevocably waive any claims which are not expressly stated within this Termination Agreement. 

		
	6. 
	Confirmation of Legal Advice 

The Employee confirms that she had the opportunity to receive independent legal advice regarding this Termination Agreement and has done so or refused to do so of her own volition. 

		
	7.
	Miscellaneous 

		
	7.1.
	Entire Agreement 

This Termination Agreement constitutes the complete agreement between the Parties regarding its subject matter and supersedes all prior oral and/or written agreements, representations and/or communications, concerning the subject matter hereof. 

		
	7.2.
	Amendments 

Any amendment and/or supplementation of this Termination Agreement shall require written form and shall only be valid if signed by both Parties. 
		
	7.3.
	Confidentiality:

The Parties mutually agree not to publicly disclose the terms of this Termination Agreement except to the extent that disclosure is required by applicable law. 

13

Exhibit 10.18
Termination Agreement

		
	7.4.
	Notice 

Any notice in regard to this Termination Agreement shall be delivered with registered mail to the address listed in this Termination Agreement. Each change of address shall be communicated to the other Party. 

		
	7.5.
	Waiver 

If the Company does not impose sanctions on the Employee for breach of a provision of this Termination Agreement, such a non-sanctioning shall not be interpreted as a waiver of existing or future entitlements of the Company. 

		
	7.6.
	Severability 

Should any of the provisions of this Termination Agreement be or become legally invalid, such invalidity shall not affect the validity of the remaining other provisions. Any gap resulting from such invalidity shall be filled by a provision consistent with the spirit and purpose of the Termination Agreement. In the same way shall be proceeded if a contractual gap appears. 

		
	7.7. 
	Set-off

The Company has the right to set off any payment owed by the Employee to the Company or any Group Company against any payment owed by the Company or a Group Company to the Employee, regardless under which title this payment obligation arose. Notwithstanding anything to the contrary in this paragraph, the Company's right to set off shall comply with article 323b(2) of the Swiss Code of Obligations. 

		
	7.8.
	Interpretation and Language 

No Party to this Termination Agreement shall be considered to be the drafter of this Termination Agreement or any of its provisions. 
This Termination Agreement may be translated into languages other than English, but the English version signed by the parties is the definitive agreement between the Parties. 

14

Exhibit 10.18
Termination Agreement

		
	7.9.
	Governing Law and Place of Jurisdiction 

The terms of this Termination Agreement shall be construed in accordance with and governed in all respects by the laws of Switzerland (without giving effect to principles of conflicts of laws). 

Any dispute, controversy or claim arising under, out of or in relation to this Termination Agreement, its valid conclusion, binding effects, interpretation, including tort claims, shall be referred and finally determined by the ordinary courts at the domicile of the defendant party or where the Employee normally had to perform her duties. 

		
	7.10.
	Execution 

The Parties have duly executed this Termination Agreement in two originals.

15

Exhibit 10.18
Termination Agreement

	
		
	Signatures

	 
	 

	 
	 

	Coty Geneva SA Versoix (Company)
	 

	 
	 

	 
	 

	 
	/s/Mario Reis

	London, 31st January 2017
	By: Mario Reis

	 
	Title: Chief Supply Chain Officer 

	 
	 

	 
	 

	 
	/s/Sebastien Froidefond

	London, 31st January 2017
	By: Sebastien Froidefond

	 
	Title: Chief Human Resources Officer

	 
	 

	 
	 

	 
	/s/Camillo Pane

	London, 31st January 2017
	By: Camillo Pane

	 
	Title: Chief Executive Offier

	 
	 

	 
	 

	 
	 

	The Employee:
	 

	 
	 

	New York, Feb 2017
	/s/Esi Eggleston Bracey

	Place, date
	Esi Eggleston Bracey

16

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