Re: Transition Agreement and Release of Claims Dear Patricia:Avon Products Inc • February 24th, 2015 • Perfumes, cosmetics & other toilet preparations • New York
In connection with your separation of employment with Avon Products, Inc. (“Avon”), Avon and you have mutually agreed to a transition arrangement, including the provision of mutual assistance during the transition period, pursuant to this Transition Agreement and General Release of Claims (this “Agreement”). In consideration of this Agreement, and subject to your compliance with the terms hereof, Avon is offering you individual separation benefits in lieu of benefits under the Avon Products, Inc. Severance Pay Plan (the “Plan”). This Agreement supersedes your offer letter with Avon dated October 19, 2012 (the “Offer Letter”), except as set forth in Paragraph 14 below.
