The Estée Lauder Companies Inc. has announced a revised Stock Option Award Agreement for its executive officers and non-executive employees, following approval by the Stock Plan Subcommittee of the Compensation Committee. Effective August 21, 2025, the new agreement outlines that employees terminated without cause, who are not retirement-eligible, will receive pro rata vesting of unvested stock options up to their last day of employment, with any remaining unvested options forfeited. Retirement-eligible employees will continue to receive full vesting upon retirement. Additionally, the updated agreement introduces expanded restrictive covenants and includes a new forfeiture and clawback provision.
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