Avon Letterhead]Agreement and Release of Claims • February 28th, 2013 • Avon Products Inc • Perfumes, cosmetics & other toilet preparations • New York
Avon Products, Inc.'s (“Avon's”) commitment to meet the competitive challenges of business climates means that the composition of our workforce will require change from time to time. At this time, Avon has decided to terminate your employment. Knowing that change is never easy, Avon wants to assist you in this transitional period. Pursuant to our conversation today, this Letter Agreement and General Release of Claims (this “Agreement”) sets forth your benefits under the Avon Products, Inc. Severance Pay Plan (the “Plan”). The Plan was designed to help affected employees as much as feasible under these difficult circumstances.
