PRSUs. You have two outstanding performance-restricted stock units (“PRSUs”) (2011 and 2012). • 2011 Grant - Your 2011 Grant will be pro-rated based upon the completed months from January 1, 2011 to your Separation Date (32/36) and will settle, if at all, in 2014. • 2012 Grant - Your 2012 Grant will be pro-rated based upon the completed months from January 1, 2012 to your Separation Date (20/36) and will settle, if at all, in 2015. • You will not be eligible to receive a 2013 Long-Term Incentive Grant. Please see the equity plan brochure(s), your individual PRSU agreements and the 2010 Stock Incentive Plan for details. As a reminder, your equity arrangements may be subject to Avon's clawback and compensation recoupment policies. Initials JO
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Sources: Agreement and Release of Claims (Avon Products Inc), Agreement and Release of Claims (Avon Products Inc)