SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Estee Lauder Companies Inc – ‘10-Q’ for 9/30/10 – ‘EX-10.6’

On:  Monday, 11/1/10, at 4:53pm ET   ·   For:  9/30/10   ·   Accession #:  1104659-10-55000   ·   File #:  1-14064

Previous ‘10-Q’:  ‘10-Q’ on 4/27/10 for 3/31/10   ·   Next:  ‘10-Q’ on 2/4/11 for 12/31/10   ·   Latest:  ‘10-Q’ on 2/5/24 for 12/31/23   ·   4 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/01/10  Estee Lauder Companies Inc        10-Q        9/30/10   72:13M                                    Toppan Merrill/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    922K 
 2: EX-10.1     Material Contract                                   HTML     80K 
 3: EX-10.2     Material Contract                                   HTML     96K 
 4: EX-10.3     Material Contract                                   HTML     97K 
 5: EX-10.4     Material Contract                                   HTML     78K 
 6: EX-10.5     Material Contract                                   HTML     81K 
 7: EX-10.6     Material Contract                                   HTML     33K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
11: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
55: XML         IDEA XML File -- Definitions and References          XML    208K 
64: XML         IDEA XML File -- Filing Summary                      XML    170K 
61: XML.R1      Consolidated Statements of Earnings                  XML    208K 
62: XML.R2      Consolidated Balance Sheets                          XML    355K 
37: XML.R3      Consolidated Balance Sheets (Parenthetical)          XML    146K 
43: XML.R4      Consolidated Statements of Cash Flows                XML    358K 
53: XML.R5      Summary of Significant Accounting Policies           XML    102K 
51: XML.R6      Goodwill and Other Intangible Assets                 XML    159K 
69: XML.R7      Acquisition of Business                              XML     42K 
26: XML.R8      Charges Associated With Restructuring Activities     XML    155K 
50: XML.R9      Derivative Financial Instruments                     XML    200K 
24: XML.R10     Fair Value Measurements                              XML    157K 
23: XML.R11     Pension and Post-Retirement Benefit Plans            XML    102K 
36: XML.R12     Contingencies                                        XML     42K 
58: XML.R13     Common Stock                                         XML     43K 
38: XML.R14     Stock Programs                                       XML    159K 
40: XML.R15     Net Earnings Attributable to the Estee Lauder        XML     74K 
                Companies Inc. Per Common Share                                  
48: XML.R16     Comprehensive Income (Loss)                          XML     81K 
72: XML.R17     Changes in Equity                                    XML    102K 
34: XML.R18     Statement of Cash Flows                              XML     72K 
18: XML.R19     Segment Data and Related Information                 XML    131K 
42: XML.R20     Summary of Significant Accounting Policies           XML    154K 
                (Policies)                                                       
57: XML.R21     Summary of Significant Accounting Policies           XML     93K 
                (Tables)                                                         
29: XML.R22     Goodwill and Other Intangible Assets (Tables)        XML    161K 
54: XML.R23     Charges Associated With Restructuring Activities     XML    167K 
                (Tables)                                                         
41: XML.R24     Derivative Financial Instruments (Tables)            XML    211K 
68: XML.R25     Fair Value Measurements (Tables)                     XML    152K 
60: XML.R26     Pension and Post-Retirement Benefit Plans (Tables)   XML     99K 
44: XML.R27     Stock Programs (Tables)                              XML    173K 
49: XML.R28     Net Earnings Attributable to the Estee Lauder        XML     72K 
                Companies Inc. Per Common Share (Tables)                         
22: XML.R29     Comprehensive Income (Loss) (Tables)                 XML     80K 
25: XML.R30     Changes in Equity (Tables)                           XML     99K 
30: XML.R31     Statement of Cash Flows (Tables)                     XML     71K 
35: XML.R32     Segment Data and Related Information (Tables)        XML    128K 
47: XML.R33     Summary of Significant Accounting Policies           XML    371K 
                (Details)                                                        
59: XML.R34     Summary of Significant Accounting Policies           XML    370K 
                (Details 2)                                                      
20: XML.R35     Goodwill and Other Intangible Assets (Details)       XML    394K 
27: XML.R36     Goodwill and Other Intangible Assets (Details 2)     XML    287K 
63: XML.R37     Acquisition of Businesses (Details)                  XML     39K 
67: XML.R38     Charges Associated With Restructuring Activities     XML   1.07M 
                (Details)                                                        
45: XML.R39     Derivative Financial Instruments (Details)           XML    737K 
70: XML.R40     Fair Value Measurements (Details)                    XML    374K 
28: XML.R41     Fair Value Measurements (Details 2)                  XML    212K 
71: XML.R42     Pension and Post-Retirement Benefit Plans            XML    294K 
                (Details)                                                        
32: XML.R43     Common Stock (Details)                               XML     84K 
19: XML.R44     Stock Programs (Details)                             XML    398K 
31: XML.R45     Stock Programs (Details 2)                           XML    476K 
56: XML.R46     Net Earnings Attributable to the Estee Lauder        XML    194K 
                Companies Inc. Per Common Share (Details)                        
66: XML.R47     Comprehensive Income (Loss) (Details)                XML    152K 
39: XML.R48     Changes in Equity (Details)                          XML    394K 
33: XML.R49     Statement of Cash Flows (Details)                    XML    112K 
46: XML.R50     Segment Data and Related Information (Details)       XML    554K 
21: XML.R51     Document and Entity Information                      XML    151K 
65: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   2.08M 
12: EX-101.INS  XBRL Instance -- el-20100930                         XML   2.58M 
14: EX-101.CAL  XBRL Calculations -- el-20100930_cal                 XML    189K 
17: EX-101.DEF  XBRL Definitions -- el-20100930_def                  XML    817K 
15: EX-101.LAB  XBRL Labels -- el-20100930_lab                       XML   2.39M 
16: EX-101.PRE  XBRL Presentations -- el-20100930_pre                XML   1.06M 
13: EX-101.SCH  XBRL Schema -- el-20100930                           XSD    215K 
52: ZIP         XBRL Zipped Folder -- 0001104659-10-055000-xbrl      Zip    219K 


‘EX-10.6’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.6

 

Amendment to Employment Agreement

 

THIS AMENDMENT (“Amendment”), dated as of October 8, 2010, to the Employment Agreement, dated as of July 1, 2000, as amended as of July 1, 2002, November 16, 2005, December 31, 2008 and as of July 1, 2009 (the “Agreement”), between The Estée Lauder Companies Inc., a Delaware corporation (“the “Company”), and Leonard A. Lauder, a resident of New York, New York (the “Executive”).

 

W I T N E S S E T H:

 

WHEREAS, the Executive and the Company are parties to the Agreement; and

 

WHEREAS, the Company and the Executive wish to amend the Agreement to reflect the mutually agreed upon changes;

 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree to amend the Agreement as follows:

 

1.               Base Salary.   Section 3(a) of the Agreement shall be amended to read in its entirety as follows:

 

As compensation for all services to be rendered pursuant to this Agreement and as payments for the rights and interests granted the Executive hereunder, the Company shall pay or cause any of its subsidiaries to pay the Executive a per diem of $10,000, provided, however, that the maximum amount that may be earned in any Contract Year is $1,600,000 or such other amount or per diem as is determined by the Compensation Committee of the Board of Directors of the Company from time to time.  For purposes of the remainder of the Term of Employment, Base Salary shall mean the amounts payable to the Executive for his services and the related rights and interests in the applicable Contract Year.

 

2.               Certain Limitations on Covered Payments Subject to Excise Tax under Section 4999 of the Code.  Section 5(g) of the Agreement shall be amended to read in its entirety as follows:

 

(g)  Certain Limitations.

 

(i)                                     Notwithstanding anything to the contrary contained herein, in the event that any amount or benefit paid or distributed to the Executive pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to the Executive by the Company or any affiliated company (collectively, the “Covered Payments”), are or become subject to the tax (the “Excise Tax”) imposed under Section 4999 of the Code, or any similar tax that may hereafter be imposed, the Covered Payments shall be reduced (but not below zero) until no portion of such payments would be subject to Excise Tax.

 

(ii)                                  For purposes of determining whether any of the Covered Payments will be subject to the Excise Tax and the amount of such Excise Tax,

 



 

(A)                                 such Covered Payments will be treated as “parachute payments” to the extent they exceed the “2.99 base amount threshold” within the meaning of Section 280G of the Code, and all “parachute payments” in excess of the “base amount” (as defined under Section 280G(b)(3) of the Code) shall be treated as subject to the Excise Tax, unless, and except to the extent that, in the good faith judgment of the Company’s independent certified public accountants appointed prior to the date of the change in ownership or control or tax counsel selected by such accountants (the “Accountants”), the Company has a reasonable basis to conclude that such Covered Payments (in whole or in part) either do not constitute “parachute payments” or are otherwise not subject to such Excise Tax, and

 

(B)                             the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Accountants in accordance with the principles of Section 280G of the Code.

 

3.               Miscellaneous.

 

a.                           Except as provided above, all other terms and conditions of the Agreement shall remain the same.

 

b.                          Capitalized terms used in this Amendment shall have the meanings ascribed to such terms in the Agreement, except to the extent the term is modified herein.

 

c.                           This Amendment shall be subject to, and governed by, the laws of the State of New York applicable to contracts made and to be performed therein.

 

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first written above.

 

 

THE ESTÉE LAUDER COMPANIES INC.

 

 

 

 

 

By:

/s/ Amy DiGeso

 

 

Name:  Amy DiGeso

 

 

Title:  Executive Vice President –

 

 

            Global Human Resources

 

 

 

 

 

 

 

 

/s/ Leonard A. Lauder

 

 

Leonard A. Lauder

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/1/104
10/8/10
For Period end:9/30/10
7/1/094,  8-K
12/31/0810-Q
11/16/05
7/1/028-K
7/1/00
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/18/23  Estee Lauder Companies Inc.       10-K        6/30/23  158:26M
 8/24/22  Estee Lauder Companies Inc.       10-K        6/30/22  161:35M
 8/27/21  Estee Lauder Companies Inc.       10-K        6/30/21  165:28M
 8/28/20  Estee Lauder Companies Inc.       10-K        6/30/20  162:32M
Top
Filing Submission 0001104659-10-055000   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Mon., Apr. 29, 12:35:50.1pm ET