Document:

Exhibit 10.36

Matching Option Award

Terms and Conditions

Under

Coty Inc. Executive Ownership Plan

 (as amended
on April 8, 2013 and effective as of the Effective Date)

This instrument (the “Terms and Conditions”) evidences the grant
effective on the date set forth in your individual portfolio in the Employee
LTIP Portal (the “Grant Date”) of
a Matching Option to you (the “Participant”),
by Coty Inc., a Delaware corporation (the “Company”).
Any term capitalized but not defined in these Terms and Conditions will have
the meaning set forth in the Coty Inc. Executive Ownership Plan, as amended on
April 8, 2013 (the “Plan”).

	
  

 	
  

 	
  

 
	
 1.

 	
 Option
 Grant. In
 accordance with the terms of the Plan and subject to the terms and conditions
 of these Terms and Conditions, the Company hereby grants to the Participant
 as of the Grant Date a Matching Option (the “Option”) to purchase all or any part of an aggregate of the
 number of shares of the Company’s Shares set forth in your individual
 portfolio in the Employee LTIP Portal (the “Option Shares”). This
 Option is a nonqualified stock option and is not intended to be an incentive
 stock option within the meaning of Code Section 422. 

 
	
  

 	
  

 
	
 2.

 	
 Exercise
 Price. The Exercise
 Price of the Option will be the price per Share set forth in your total
 compensation letter.

 
	
  

 	
  

 
	
 3.

 	
 Vesting
 and Exercisability of Option. The Participant may exercise this Option only after it has become
 vested and exercisable in accordance with the following:

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 In
 General. The
 Option shall vest and become exercisable on the fifth anniversary of the
 Grant Date. 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Change in Control. If, within twelve months following a
 Change in Control, (i) the Participant is terminated by the Company or an
 employing Affiliate without Cause or (ii) the Participant resigns for Good
 Reason, the Option shall vest and become exercisable.

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 Retirement, Death, or
 Disability. The
 Option shall vest and become exercisable to the extent provided in paragraph
 7 in the event of the Participant’s termination of Service by reason of
 Retirement, death, or Disability.

 
	
  

 	
  

 	
  

 
	
 4.

 	
 Expiration. Subject to paragraph 7, the Option will expire on the tenth
 anniversary of the Grant Date (the “Expiration
 Date”).

 
	
  

 	
  

 
	
 5.

 	
 Transferability of Option. 

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 Except as otherwise provided in Section 5(b), these
 Terms and Conditions or the Plan, (i) no Matching Option granted under the
 Plan may be sold, transferred, pledged, assigned, or otherwise alienated or
 hypothecated, other than by will or 

 

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 by the laws of descent and distribution, and (ii)
 all Matching Options shall be exercisable during the Participant’s lifetime
 only by the Participant or his or her guardian or legal representative. The
 Committee may, in its sole discretion, require a Participant’s guardian or
 legal representative to supply it with the evidence the Committee deems
 necessary to establish the authority of the guardian or legal representative
 to act on behalf of the Participant.

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Subject to applicable law, vested Matching Options
 may be transferred to a Successor. Such transferred Matching Options may only
 be further sold, transferred, pledged, assigned or otherwise alienated by the
 Successor in accordance with this Section 5, and shall be subject in all
 respects to the these Terms and Conditions and the Plan. For a transfer to be
 effective, the Successor shall promptly furnish the Company with written
 notice thereof and a copy of such other evidence as the Committee may deem
 necessary to establish the validity of the transfer and the acceptance of the
 Successor of the terms and conditions of the Plan.

 
	
  

 	
  

 	
  

 
	
 6.

 	
 Exercise
 of Option.

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 Notice of Exercise. After the Option has become exercisable
 pursuant to paragraph 3, and while it remains exercisable in accordance with
 paragraph 7, the Participant may exercise the Option in whole or in part on
 any Exercise Date by delivering a signed, written exercise notice to the
 Company. The notice shall indicate the number of Shares being purchased. The
 Option must be exercised as to a whole number of Shares. 

 
	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Payment of Exercise Price. Unless the Option exercise is settled in
 cash, the Participant must pay the Exercise Price of the Option at the time
 of exercise as follows: (i) in cash or by check payable to the order of the
 Company; or (ii) by means of a cashless exercise procedure approved by the
 Committee; or (ii) a combination of the foregoing.

 
	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 Withholding Obligation. Unless the Option exercise is settled in
 cash, the withholding obligation upon the Participant’s exercise of the
 Option must be satisfied by paying the amount of required withholding to the
 Company. If the Participant does not pay the amount of required withholding
 to the Company, or if the Option exercise is settled in cash, the Company
 will withhold from the Shares delivered or from the cash payable to the
 Participant the minimum amount of funds required to cover any Withholding Tax
 required to be withheld by the Company by reason of such exercise of the
 Option.

 
	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 Use of Shares. Shares used to satisfy the Exercise Price
 and/or any required withholding tax (including Shares underlying surrendered
 Options) will be valued at their Fair Market Value, determined in accordance
 with the Plan.

 

 2

	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 Condition of Transfer. The Company
 will issue no Shares pursuant to the Option before the Participant has paid
 the Exercise Price and any withholding obligation in full.

 
	
  

 	
  

 	
  

 
	
  

 	
 (f)

 	
 Automatic Exercise. Any
 exercisable Option that has not been exercised by its holder shall be
 automatically exercised in accordance with subsection (b)(ii) hereof on the
 Exercise Date immediately prior to its expiration if, on such Exercise Date,
 there is a Matching Option Spread with respect to such Option. 

 

	
  

 	
  

 	
  

 	
  

 
	
 7.

 	
 Termination
 of Service. Upon
 termination of Service with the Company or an Affiliate, the Participant’s
 right to exercise the Option will be subject to the following rules:

 
	
  

 	
  

 
	
  

 	
 (a)

 	
 Retirement, Disability or
 Death. 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 If the Participant’s
 Service terminates due to Retirement, Disability or death before the Option
 has otherwise become vested, then the Option shall immediately become vested
 and exercisable with respect to the Applicable Fraction of the Option Shares,
 and shall be immediately forfeited and canceled with respect to the remaining
 Option Shares. The “Applicable Fraction” means a fraction,
 the numerator of which is the number of days elapsed from the Grant Date of
 an Award to the date of the Participant’s termination of Service and
 the denominator of which is the number of days between the Grant Date and the
 date the Award was scheduled to become exercisable or otherwise vest. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 The portion of an Option
 that is vested (whether by application of paragraph 7(a)(i) above or
 otherwise) on the date the Participant terminates Service due to Retirement,
 Disability or death may be exercised on an Exercise Date occurring on or
 before the second anniversary of the date of the Participant’s termination.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (b)

 	
 Other Termination of
 Service. Except as
 provided in Section 3(b), if the Participant’s Service terminates for any
 reason other than Retirement, Disability or death, the Participant may
 exercise the Option to the extent that it was exercisable on the date of such
 termination on any Exercise Date on or before the later of the 90-day period
 following such termination. Any Option that is not vested on the date the
 Participant’s Service shall be immediately forfeited and canceled. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 Option Expiration. In no event may the Option be exercised
 after the Expiration Date.

 
	
  

 	
  

 	
  

 	
  

 
	
 8.

 	
 Plan and
 Terms and Conditions Not a Contract of Employment or Service. Neither the Plan nor these Terms and
 Conditions is a contract of employment or Service, and no terms of the
 Participant’s employment or Service will be affected in any way by the Plan,
 these Terms and Conditions or related instruments, except to the extent
 specifically expressed therein. Neither the Plan nor these Terms and
 Conditions will be construed as conferring any legal rights on the
 Participant to continue to be employed or remain in 

 

 3

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Service with the Company,
 nor will it interfere with any Company Party’s right to discharge the
 Participant or to deal with him or her regardless of the existence of the
 Plan, these Terms and Conditions or the Option.

 
	
  

 	
  

 
	
 9.

 	
 Participant
 to Have No Rights as a Shareholder. Before the date as of which the Participant is recorded on the books
 of the Company as the holder of any Shares underlying the Option, the
 Participant will have no rights as a shareholder with respect to those
 Shares.

 
	
  

 	
  

 
	
 10.

 	
 Notice. Any notice or other communication required
 or permitted under these Terms and Conditions must be in writing and must be
 delivered personally, sent by certified, registered or express mail, or sent
 by overnight courier, at the sender’s expense. Notice will be deemed given
 when delivered personally or, if mailed, three (3) days after the date of
 deposit in the United States mail or, if sent by overnight courier, on the
 regular business day following the date sent. Notice to the Company should be
 sent to:

 
	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Coty Inc.

 
	
  

 	
  

 	
  

 	
 Two Park Avenue

 
	
  

 	
  

 	
  

 	
 17th Floor

 
	
  

 	
  

 	
  

 	
 New York, New York 10016

 
	
  

 	
  

 	
  

 	
 Attention: General Counsel

 
	
  

 	
  

 
	
  

 	
 Notice to the Participant
 should be sent to the address on file with the Company. Either party may
 change the Person and/or address to which the other party must give notice
 under this paragraph 10 by giving such other party written notice of such
 change, in accordance with the procedures described above.

 
	
  

 	
  

 
	
 11.

 	
 Governing
 Law. To the extent
 not preempted by federal law, these Terms and Conditions will be construed
 and enforced in accordance with, and governed by, the laws of the State of
 New York, without giving effect to its conflicts of law principles that would
 require the application of the law of any other jurisdiction.

 
	
  

 	
  

 
	
 12.

 	
 Plan
 Document Controls.
 The rights granted under these Terms and Conditions are in all respects
 subject to the provisions set forth in the Plan to the same extent and with
 the same effect as if set forth fully in these Terms and Conditions. If the
 terms of these Terms and Conditions conflict with the terms of the Plan
 document, the Plan document will control.

 
	
  

 	
  

 
	
 13.

 	
 Amendment
 of these Terms and Conditions. These Terms and Conditions may be amended unilaterally by the
 Committee to the extent provided under the Plan, or by a written instrument
 signed by both parties.

 
	
  

 	
  

 
	
 14.

 	
 Entire Agreement. These Terms and
 Conditions, together with the Plan, constitute the entire obligation of the
 parties with respect to the subject matter of these Terms and Conditions and
 supersedes any prior written or oral expressions of intent or understanding
 with respect to such subject matter.

 

 4

	
  

 	
  

 
	
 15.

 	
 Administration. The Committee
 administers the Plan and these Terms and Conditions. The Participant’s rights
 under these Terms and Conditions are expressly subject to the terms and
 conditions of the Plan, including any guidelines the Committee adopts from
 time to time. The Participant hereby acknowledges receipt of a copy of the
 Plan.

 

	
  

 	
  

 
	
  

 	
 COTY INC.

 
	
  

 	
 /s/ Michele Scannavini

 
	
  

 	 

 
	
  

 	
 Michele Scannavini 

 
	

  

 	
 Chief Executive Officer 

 

 5Exhibit 10.37

COTY INC.

STOCK PLAN FOR NON-EMPLOYEE DIRECTORS

1. Purpose

          The
purpose of the Coty Inc. Stock Plan for Non-Employee Directors (the “Plan”) is
to promote the interests of Coty Inc. (the “Company”) and its stockholders by
increasing the proprietary and vested interest of non-employee directors in the
growth and performance of the Company by granting such directors options to
purchase Class A Common Stock, $.01 par value (the “Shares”), of the Company.

2. Definitions

          As
used herein, the following terms shall have the following meanings:

          “Affiliate”
shall mean (i) any entity that, directly or indirectly, is controlled by the
Company and (ii) any entity in which the Company has a significant equity
interest, in either case as determined by the Committee.

          “Board”
shall mean the Board of Directors of the Company.

          “Business
Day” means any day other than a Saturday, Sunday, legal holiday or a day in
which the national securities exchange that constitutes the principal market
for the Shares is closed.

          “Change
of Control” shall have the same definition for purposes of this Plan as under
the Company’s Long-Term Incentive Plan, or any successor plan thereto.

          “Exchange
Act” shall mean the Securities and Exchange Act of 1934, as amended.

          “Committee”
shall mean a committee of the Board designated by the Board to administer the
Plan. If no such Committee has been designated, the Board shall be the
Committee under the Plan.

          “Fair
Market Value” per Share shall mean, as of any date, (i) the most recent closing
sales price per Share on the national securities exchange which constitutes the
principal trading market for the Shares, or (ii) if the Shares are not then
listed on a national securities exchange, such value as the Board may have
determined.

          “Option”
shall mean a right to purchase Shares granted under and in accordance with
Section 6.

3. Administration

          The
Plan shall be administered by the Committee. Subject to the provisions of the
Plan, the Committee shall be authorized to interpret the Plan, to establish,
amend, and rescind any rules and regulations relating to the Plan and to make
all other determinations necessary or advisable for the administration of the
Plan; provided, however, that the Committee shall have no discretion with
respect to the selection of directors to receive Options, the number of Shares
to be subject to Options, or the timing of grants of Options under the Plan,
all of which shall be determined in accordance with the provisions of this
Plan. The determinations of the Committee in the administration of the Plan, as
described herein, shall be final and conclusive. The Secretary of the Company
shall be authorized to implement the Plan in accordance with its terms and to
take such actions of a ministerial nature as shall be necessary to effectuate
the intent and purposes thereof. The validity, construction and effect of the
Plan and any rules and regulations relating to the Plan shall be determined in
accordance with the laws of the State of Delaware.

4. Eligibility

          The
class of individuals eligible to receive grants of Options under the Plan shall
be directors of the Company who are not employees of the Company or its Affiliates
(“Eligible Directors”). Directors who are employees, officers or directors of
Joh. A. Benckiser GmbH shall be considered to be Eligible Directors, provided
they are not also employees of the Company or its other Affiliates. Any holder
of Options granted hereunder shall hereinafter be referred to as a
“Participant.”

5. Shares Subject to the Plan

          Subject
to adjustment as provided in Section 8, an aggregate of 50,000 Shares shall be
available for grant under the Plan. The Shares issued upon the exercise of
Options may be made available from authorized but unissued Shares or treasury
Shares.

6. Automatic Grants of Options

          (a)
Notwithstanding any other provision of the Plan, each Eligible Director shall
be granted an Option to purchase 5,000 shares on the date he or she is first
elected as a Director following the Plan’s Effective Date (hereafter defined)
and shall automatically be granted on November 15 (or the preceding Business
Day, if such date is not a Business Day) of each year an Option to purchase
2,000 Shares. Each such Option shall have a term of ten years. Each such Option
shall become exercisable to the extent of one-third on each of the first,
second and third anniversaries of the date of grant, but only to the extent the
Participant is a director of the

2

Company on each such anniversary. The option
price for such an Option shall equal the Fair Market Value of one Share on the
date the Option is granted. 

          (b)
Such Option shall expire on the earlier of (i) the tenth anniversary of the
date of grant or (ii) the first anniversary of the date the director ends his
or her service as a director of the Company
and shall also be exercisable in full upon (w) the Participant’s death, (x) the
Participant’s disability, (y) the Participant’s retirement in accordance with
the mandatory retirement age specified in the Company’s Bylaws or (z) a Change
of Control of the Company. Such Option shall have such other terms and
conditions not inconsistent with the foregoing as the Committee shall
determine.

          (c)
Upon any valid exercise of an Option or any portion thereof prior to an initial
public offering of the Company (“IPO”), an Eligible Director shall be entitled
to receive only a payment in cash equal to the excess, if any, of the Fair
Market Value, as of the exercise date, of the Shares underlying the Option or
portion thereof so exercised over the aggregate exercise price of such Option
or portion thereof. The payment of cash shall be made as promptly as
practicable after an exercise in accordance herewith. The requirement to
receive cash only under this Section shall cease and be of no further force or
effect upon the consummation of the IPO.

7. Listing and Registration

          Each
Option shall be subject to the requirement that, if at any time the Committee
shall determine, in its discretion, that the listing, registration or
qualification of the Shares upon any securities exchange or under any state or
federal law, or the consent or approval of any governmental regulatory body, is
necessary or desirable as a condition of, or in connection with, the granting
of Options or the issuance or purchase of Shares upon exercise of Options, no
Options may be exercised unless such listing, registration, qualification,
consent or approval shall have been effected or obtained free of any condition
not acceptable to the Committee.

          The
Committee may refuse to issue or transfer any Shares or other consideration
upon exercise of an Option if, acting in its sole discretion, it determines
that the issuance or transfer of such Shares or such other consideration might
violate any applicable law or regulation or entitle the Company to recover any
amount from the Participant under Section 16(b) of the Exchange Act, and any
payment tendered to the Company by a Participant, other holder or beneficiary
in connection with the exercise of such Option shall be promptly refunded to
the relevant Participant or Successor (defined below). Without limiting the
generality of the foregoing, no Option granted hereunder shall be construed as
an offer to sell securities of the Company, and no such offer shall be
outstanding, unless and until the Committee in its sole discretion has
determined that any such offer, if made, would be in compliance with all applicable
requirements of the U.S. federal securities laws and any other laws to which
such offer, if made, would be subject.

3

8. Adjustments and Extraordinary
Events

          In
the event of a stock split, stock dividend, subdivision or combination of the
Shares, reorganization, reclassification, spin-off, partial liquidation, merger
or other change in corporate structure affecting the Shares, the number of
Shares subject to an Option granted under Section 6, the number and kind of
Shares subject to any outstanding Option and the exercise price of any
outstanding Option shall be increased or decreased proportionately, as the case
may be, or shall otherwise be adjusted as determined by the
Committee to be appropriate to avoid enhancement or diminution of the benefits
intended to be provided to Eligible Directors under this Plan.

9. No Rights of Shareholders

          Neither
a Participant nor his or her legal representative shall be, or have any of the
rights and privileges of, a Shareholder of the Company in respect to any
Options unless and until certificates for the Underlying Shares shall have been
issued.

10. Transferability

          Other
than (a) by will or the laws of descent and distribution, or (b) with respect
to an Option, to the extent vested, by a transfer to the Participant’s spouse
or lineal descendants or to any trust the beneficiaries of which consist only
of the Participant, the Participant’s spouse and/or the Participant’s lineal
descendants, each Option is nontransferable and may not be sold, assigned,
transferred, disposed of, pledged or otherwise encumbered by the Participant.
Any Participant’s successor (a “Successor”) shall take rights herein granted
subject to the terms and conditions hereof, shall not sell, assign, transfer,
dispose of, pledge or otherwise encumber an Option, and shall transfer any
Shares acquired upon exercise of an Option only in compliance with applicable
law. No transfer of an Option to any Successor shall be effective to bind the
Company unless the Company shall have been furnished with written notice
thereof and a copy of such evidence as the Committee may deem necessary to
establish the validity of the transfer and the acceptance by such Successor of
the terms and conditions hereof.

11. Withholding

          The
Participant agrees to make appropriate arrangements with the Company for
satisfaction of any applicable federal, state, local or foreign tax withholding
requirements or like requirements, including the payment to the Company of all
such taxes and requirements at the time of any exercise of an Option, and the
Company shall have the right and is hereby authorized to withhold from the
Shares deliverable to the Participant upon any such event or from any other
compensation or other amount owing to the Participant such amount (in cash,
Shares or other property, as the case may be) as may be necessary in the
opinion of the Company to satisfy all such taxes and requirements.

4

12. Option Agreements

          Each
Option granted hereunder shall be evidenced by an Option Agreement which shall
be delivered to the Participant and shall specify the terms and conditions of
the Option grant, and any rules applicable thereto. Each Option granted under
the Plan shall be subject to the Company’s Insider Trading Policy, the terms of
which are incorporated by reference herein and in each respective Agreement.

13. No Trust or Fund Created

          The
Plan and any Option grant shall not create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company or
any Affiliate and a Participant or any other person. To the extent that any
person acquires a right to receive payments or distributions from the Company
or any Affiliate pursuant to an Option grant, such right shall be no greater
than the right of any unsecured general creditor of the Company or any
Affiliate.

14. No Fractional Shares; Lot Size

          No
fractional Shares shall be issued or delivered pursuant to the Plan or any
Option, and the Committee shall determine whether cash, other securities, or
other property shall be paid or transferred in lieu of any fractional Shares or
whether such fractional Shares or any rights thereto shall be canceled,
terminated, or otherwise eliminated. Any exercise hereunder shall be in a lot
of 500 or more Shares.

15. Headings

          Headings
are given to the Sections and subsections of the Plan solely as a convenience
to facilitate reference. Such headings shall not be deemed in any way material
or relevant to the construction or interpretation of the Plan or any provision
thereof.

16. Plan Amendments

          The
Plan may be terminated or, subject to Section 3 herein, amended by the Board,
as it shall deem advisable or to conform to any change in any law or regulation
applicable thereto.

17. Effective Date and Duration of
Plan

          The
Plan shall become effective as of November 1, 2001 (the “Effective Date”). The
Plan shall terminate on the tenth anniversary of the Effective Date, unless the
Plan is extended or terminated at an earlier date by the Shareholders or is
terminated by exhaustion of the Shares available for issuance hereunder. 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00216-of-00352.parquet"}]]