Contrato de trabajo entre The Estee Lauder Companies, Inc. y ...

Tesinas Contrato de trabajo entre The Estee Lauder Companies, Inc. y Daniel J. Brestle
(b) INCENTIVE BONUS COMPENSATION. The Compensation Committee has established for the
Executive annual opportunities (I.E., the maximum bonus that may be awarded in respect of each fiscal
year of the Company) under the Company’s Executive Annual Incentive Plan or any subsequent Bonus
Plan for executives that is approved by the stockholders of the Company (the “Bonus Plan”) equal to
$1,300,000 in respect of the First Contract Year, $1,400,000 in respect of the Second Contract Year and
$1,500,000 in respect of the Third Contract Year, subject to the terms and conditions of the Bonus Plan,
which are incorporated herein by reference.
(c) DEFERRAL. The Executive may elect to defer payment of all or any part of his incentive bonus
compensation payable in accordance with Section 3(b) hereof in respect of any Contract Year during the
Term of Employment, by giving to the Company written notice thereof, on or before March 31 of such
Contract Year. Additionally, in the event that in respect of any fiscal year of the Company any amount of
Base Salary, any amount payable under the Bonus Plan or any other amount payable to the Executive
hereunder or oherwise shall, either alone or in combination with other amounts payable hereunder or
otherwise, result in the payment by the Company of any amount that shall not be currently deductible by
it pursuant to the provisions of Section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”), or like or successor provisions (a “Non-Deductible Amount”), the Company may elect to defer
the payment of the Non-Deductible Amount. Any amounts, so deferred, either by election of the Executive
or by election of the Company shall be credited to a bookkeeping account in the name of the Executive
as of the date scheduled for payment hereunder. Such amounts shall be credited with interest as of each
June 30 during the term of deferral, compounded annually, at a rate per annum, equal to the annual rate
of interest announced by Citibank, N.A. in New York, New York as its base rate in effect on such June 30,
but in no event shall such rate exceed 9%. The entire amount credited to such bookkeeping account shall
be paid to the Executive on a date to be chosen by the Company, but in no event later than 90 days after
the termination of the Executive’s employment with the Company, unless the Executive requests prior to
termination of his employment from the Company to continue the deferral of such payments until a later
date or dates and the Company agrees to such request. The Company, in its sole discretion, may provide
an investment facility for all or a portion of such deferred amounts, but shall not be required to do so.
4. (a) STOCK OPTIONS. Beginning with the First Contract Year, the Compensation Committee approved
the grant to the Executive of options to purchase 100,000
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