SEC Contract Filing

Filing Date: 2018-11-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a2018930-ex101.htm
<DESCRIPTION>MIGUEL FERNANDEZ RELOCATION LETTER DATED AUGUST 6, 2018
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<div><a name="sf83dc665325d48b19f6f3b55d027c7e2"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">[AVON LETTERHEAD]</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">Private and Confidential </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">6</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:Arial;font-size:11pt;">&#32;August 2018</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Miguel Fernandez</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">RELOCATION ASSISTANCE </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dear Miguel:</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">This letter confirms the additional terms and conditions relating to your permanent relocation to the United Kingdom (&#8220;Destination Country&#8221;) from Mexico (&#8220;Departure Country&#8221;) in connection with your employment with Avon Cosmetics Limited, a wholly owned subsidiary of Avon Products, Inc. (collectively for purposes of this letter, &#8220;Avon&#8221;). This letter is an update to the relocation letter dated 12 June 2017 that you previously received, and other than as set forth below, the terms and conditions of that 12 June 2017 letter remain in effect in accordance with its terms. In the case of any conflict between the terms of the 12 June 2017 letter and this letter, the terms of this letter shall prevail.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The items in this letter do not create a contract of employment, but simply seek to confirm the conditions that pertain to your relocation to the Destination Country. In the event of any change in circumstances, or additional matters not known at this time, Avon reserves the right to make adjustments to this letter. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">For the second year of your employment, the monthly housing allowance that you will be eligible to receive will be &#163;8,000. In addition, you will be eligible to receive education assistance for your accompanying dependent children, Avon we reimburse the actual cost of tuition. These allowances will be provided consistent with Avon&#8217;s Permanent International Transfer Policy - Tier 1 (the &#8220;Permanent Relocation Policy&#8221;), as amended from time to time, which includes Avon&#8217;s coverage of associated Departure or Destination Country taxes on these allowances. These allowances will both cease at the end of August 2019. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">For the avoidance of doubt, all other terms of your contract of employment remain unchanged and in effect.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Sincerely,</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">/s/ Susan Ormiston</font><font style="font-family:Arial;font-size:11pt;">_____________</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Susan Ormiston</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">SVP, Chief Human Resources Officer</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></