SEC Contract Filing

Filing Date: 2020-02-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>a103-employmentagreeme.htm
<DESCRIPTION>EX-10.3
<TEXT>
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<title>Document</title></head><body><div id="i_0_1"></div><div style="height:80pt;width:100%;"><div><font><br></font></div></div><div style="text-align:center;margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:20pt;font-weight:400;line-height:120%;">COTY </font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="text-align:center;margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">EMPLOYMENT CONTRACT FOR AN INDEFINITE PERIOD OF TIME</font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">BETWEEN</font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">(1) &#160;Coty Management B.V., established at Schiphol Boulevard 393, 1118 BJ Schiphol, duly</font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">represented in the present matter by Mr. Jaap Bruinsma in his capacity as Senior HR</font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Director Global HQ &#38; Benelux, hereinafter &#34;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">the employer</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#34;&#59; and</font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">(2) &#160;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Mr. Pascal Baltussen</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">, born on XXXX, hereinafter &#34;</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">the employee</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#34;&#59;</font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">WHEREAS</font></div><div style="margin-top:0.2pt;"><font><br></font></div><div style="padding-left:36pt;margin-top:0.2pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The parties wish to enter into an employment contract for an indefinite period of time and record the details of that agreement in writing as follows&#59;</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">AGREE UNDER THE FOLLOWING TERMS</font></div><div><font><br></font></div><div style="margin-bottom:6pt;"><font><br></font></div><div style="margin-bottom:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">1. &#160;COMMENCEMENT DATE, POSITION AND DUTIES</font></div><div style="text-indent:-40.5pt;padding-left:36pt;margin-bottom:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> 1.1&#160; The employee shall enter the employer's service with effect from 1 January 2020 in the position of Chief Procurement Officer. The employee will report to Pierre Laubies, Chief Executive Officer.</font></div><div style="text-indent:-36pt;padding-left:36pt;margin-bottom:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">1.2&#160;The employee will perform all the work that, having regard to the employer's activities, forms part of or may be deemed to form part of the position.</font></div><div style="text-indent:-36pt;padding-left:36pt;margin-bottom:6pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">1.3&#160;The employer may also require the employee to carry out work other than the duties forming part of the normal performance of employee's job if and insofar as the employee may reasonably be asked to carry out that other work.</font></div><div style="margin-bottom:6pt;"><font><br></font></div><div style="margin-bottom:6pt;"><font style="background-color:r