{"id":39626,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-the-estee-lauder-cos-inc-and-fred-h2.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-the-estee-lauder-cos-inc-and-fred-h2","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-the-estee-lauder-cos-inc-and-fred-h2.html","title":{"rendered":"Employment Agreement &#8211; The Estee Lauder Cos. Inc. and Fred H. Langhammer"},"content":{"rendered":"<pre>                              EMPLOYMENT AGREEMENT\n\n         THIS AGREEMENT (\"Agreement\"), dated as of January 1, 2000, between THE\nESTEE LAUDER COMPANIES INC., a Delaware corporation (the \"Company\"), and FRED H.\nLANGHAMMER, a resident of Scarsdale, New York (the \"Executive\" or \"you\"),\n\n                              W I T N E S S E T H:\n\n         WHEREAS, the Company and its subsidiaries are principally engaged in\nthe business of manufacturing, marketing and selling skin care, makeup,\nfragrance and hair care products and related services (the \"Business\"); and\n\n         WHEREAS, the Executive and the Company are parties to an employment\nagreement dated as of July 1, 1995 (the \"Previous Agreement\"); and\n\n         WHEREAS, the Company desires to continue to retain the services of the\nExecutive, and to appoint him as President and Chief Executive Officer, and the\nExecutive desires to provide services in such capacities to the Company, upon\nthe terms and subject to the conditions hereinafter set forth; and\n\n         WHEREAS, the Compensation Committee of the Board of Directors of the\nCompany (the \"Compensation Committee\") has approved the terms of this Agreement;\n\n         NOW, THEREFORE, in consideration of the foregoing and of the mutual\ncovenants and obligations hereinafter set forth, the parties hereto, intending\nto be legally bound, hereby agree as follows:\n\n         1. Employment Term.\n\n         The Company hereby agrees to employ the Executive, and the Executive\nhereby agrees to enter into employment, as President and Chief Executive Officer\nof the Company for the period commencing on January 1, 2000 and ending on June\n30, 2005 unless terminated sooner pursuant to Section 6 hereof (the \"Term of\nEmployment\"). The six-month period commencing January 1, 2000 and ending June\n30, 2000 shall be the \"Six-Month Period\". The twelve-month period commencing on\nJuly 1, 2000 shall be the \"First Contract Year\" hereunder, and subsequent\ntwelve-month periods shall be subsequent Contract Years.\n\n         2. Duties and Extent of Services.\n\n         (a) During the Term of Employment, the Executive shall serve as the\nPresident and Chief Executive Officer of the Company, and, in such capacities,\nshall render such executive, managerial, administrative and other services as\ncustomarily are associated with and incident to such positions, and as the\nCompany may, from time to time, reasonably require of him consistent with such\npositions. The Executive shall only be required to report (i) to the \n\n\n\nCompany's Chairman so long as Leonard A. Lauder continues to serve in such\ncapacity, and (ii) directly to the Board of Directors.\n\n         (b) The Executive shall serve as a Director of the Company if elected\nto such position and shall also hold such other positions and executive offices\nof the Company and\/or of any of the Company's subsidiaries or affiliates as may\nfrom time to time be agreed by the Executive or assigned by the Board of\nDirectors of the Company, provided that each such position shall be commensurate\nwith the Executive's standing in the business community as President and Chief\nExecutive Officer. The Executive shall not be entitled to any compensation other\nthan the compensation provided for herein for serving during the Term of\nEmployment in any other office or position of the Company or any of its\nsubsidiaries or affiliates, unless the Board of Directors of the Company shall\nspecifically approve such additional compensation.\n\n         (c) The Executive shall be a full-time employee of the Company and\nshall exclusively devote all his business time and efforts faithfully and\ncompetently to the Company and shall diligently perform to the best of his\nability all of the duties required of him as President and Chief Executive\nOfficer, and in the other positions or offices of the Company or its\nsubsidiaries or affiliates assigned to him hereunder. Notwithstanding the\nforegoing provisions of this section, the Executive may (i) serve as a\nnon-management director of such business corporations (or in a like capacity in\nother for-profit or not-for-profit organizations) as the Board of Directors or\nChairman of the Board of the Company may approve, such approval not to be\nunreasonably withheld, and (ii) devote such time to the management of his\npersonal investments that does not significantly or adversely impact the time\nspent on his duties for the Company.\n\n         3. (a) Base Salary. As compensation for all services to be rendered\npursuant to this Agreement and as payment for the rights and interests granted\nby Executive hereunder, the Company shall pay or cause any of its subsidiaries\nto pay the Executive a base salary of $2,000,000 per year (the \"Base Salary\").\nAll amounts of Base Salary provided for hereunder shall be payable in accordance\nwith the regular payroll policies of the Company in effect from time to time.\n\n         (b) Incentive Bonus Compensation. (i) For the Six-Month Period, the\nCompensation Committee shall, after consultation with the Executive, establish a\nbonus opportunity for the Executive with a maximum payout of $600,000 based on\nthe Company's performance for the six months ending June 30, 2000. The bonus\nopportunity established by the Compensation Committee in August 1999 shall\nremain in full force and effect for the period ending June 30, 2000. (ii) For\neach Contract Year hereunder through the Contract Year ending June 30, 2003, the\nCompensation Committee has granted to the Executive annual aggregate\nopportunities under the Company's Executive Annual Incentive Plan (the \"Bonus\nPlan\") (i.e., the maximum bonus that may be awarded) equal to one hundred fifty\npercent (150%) of the Base Salary established under Section 3(a) hereof, subject\nto the terms and conditions of the Bonus Plan, which are incorporated herein by\nreference; provided, however, that the Compensation Committee shall not exercise\nany discretion pursuant to Section 4(d) of the Bonus Plan to reduce the amount\nof Executive's annual bonus. For any Contract Year ending after June 30, 2003,\nthe \n\n\n                                       2\n\n\nExecutive shall be entitled to participate in such bonus plans as the\nCompensation Committee shall determine.\n\n         (c) Deferral. The Executive may elect to defer payment of all or any\npart of his bonus incentive compensation payable in accordance with Section\n3(b)(ii) hereof in respect of any Contract Year during the Term of Employment,\nby giving to the Company written notice thereof, on or before March 31 of such\nContract Year. Additionally, in the event that in respect of any fiscal year of\nthe Company any amount of Base Salary, any amount payable under the Bonus Plan\nor any other amount payable to the Executive hereunder or otherwise shall,\neither alone or in combination with other amounts payable hereunder or\notherwise, result in the payment by the Company of any amount that shall not be\ncurrently deductible by it pursuant to the provisions of Section 162(m) of the\nInternal Revenue Code of 1986, as amended (the \"Code\"), or like or successor\nprovisions (a \"Non-Deductible Amount\"), the Company may elect to defer the\npayment of the Non-Deductible Amount. Any amounts, so deferred, either by\nelection of the Executive or by election of the Company shall be credited to a\nbookkeeping account in the name of the Executive as of the date scheduled for\npayment hereunder. Such amounts shall be credited with interest as of each June\n30 during the term of deferral, compounded annually, at a rate per annum, equal\nto the annual rate of interest announced by Citibank, N.A. in New York, New York\nas its base rate in effect on such June 30, but in no event shall such rate\nexceed 9%. The entire amount credited to such bookkeeping account shall be paid\nto the Executive on a date to be chosen by the Company, but in no event later\nthan 90 days after the termination of the Executive's employment with the\nCompany, unless the Executive requests prior to termination of his employment\nfrom the Company to continue the deferral of such payments until a later date or\ndates and the Company agrees to such request. The Company, in its sole\ndiscretion, may provide an investment facility for all or a portion of such\ndeferred amounts, but shall not be required to do so.\n\n         4 (a) Stock Units. Pursuant to the Previous Agreement, the Company\nestablished a Share Unit Account for the Executive. The Compensation Committee\napproved the conversion of 181,585 units in the Share Unit Account as of January\n1, 2000 as follows: 100,000 shares of Class A Common Stock to be issued and\n81,585 share units to cover the various withholding taxes due and owing in\nconnection with the conversion. For each Contract Year hereunder, the\nCompensation Committee has awarded to you, as of each July 1 of each such\nContract Year, under the Company's Fiscal 1999 Share Incentive Plan (the \"Share\nIncentive Plan\") (or to the extent that any such award is not permitted for any\nContract Year or Years by reason of the terms of the Share Incentive Plan, under\na successor plan, if any (which, subject to any provisions necessary to comply\nwith changes in law or accounting policies, shall contain terms no less\nfavorable to the Executive than the terms of the existing Share Incentive Plan),\nhereafter adopted by the then Compensation Committee and subject to and\nconditioned upon the approval by the stockholders of the Company), a number of\nStock Units equal to the lesser of (x) 200,000 or (y) (i) $2,000,000 divided by\n(ii) the average closing price of the Class A Common Stock on the New York Stock\nExchange or any other national securities exchange or other market system as\nreported by The Wall Street Journal for the twenty (20) trading days next\npreceding such July 1 (the \"Average Share Price\"), rounded to the next lower\nwhole unit, subject to the terms and conditions of the Share Incentive Plan (or\nsuch successor plan), which are \n\n\n                                       3\n\n\nincorporated herein by reference. The limitations on the number of Stock Units\ncontained in this Section 4(a) shall be adjusted in the manner provided in\nSection 14 of the Share Incentive Plan for changes in the Class A Common Stock.\nIn addition, as further compensation to you, in the event that, as of such July\n1, the Average Share Price times 200,000 shall be less than $2,000,000, the\namount of such deficiency shall be credited as a cash addition to a bookkeeping\naccount in the name of the Executive, and shall be credited with interest and\npaid to the Executive in the same manner provided for deferred payments in\nSection 3(c) hereof.\n\n         Additionally, for each Contract Year hereunder, the Compensation\nCommittee has awarded to you under the Share Incentive Plan, as of each date\nduring the Term of Employment (and continuing thereafter until full payment of\nshare units shall be made) that the Company shall pay a dividend to holders of\nrecord of the Class A Common Stock, a number of Stock Units equal to (x) the\naggregate dividend payable on a number of shares equal to the number of Stock\nUnits held in his Share Unit Account as of the record date for the dividend,\ndivided by (y) the average closing price of the Class A Common Stock on the New\nYork Stock Exchange or any other national securities exchange or other market\nsystem as reported by The Wall Street Journal for the twenty (20) trading days\nnext preceding the payment date for such dividend, rounded to the next lower\nwhole unit. Such additional Stock Units shall be awarded subject to the terms\nand conditions of the Share Incentive Plan, which are incorporated herein by\nreference.\n\n         Stock units credited to the Share Unit Account during any Contract Year\nhereunder shall be non-forfeitable as long as the Executive shall remain in the\nemploy of the Company during the entirety of such Contract Year. In the event\nthat the employment of Executive shall terminate during any Contract Year\nhereunder (other than a termination due to disability or death, or a termination\nin accordance with Section 6(c), 6(f) or 6(g) hereof), Stock Units credited or\ncreditable to the Share Unit Account during such Contract Year shall be\nforfeited and shall be neither due nor payable to the Executive. In the event\nthat the Executive's employment hereunder is terminated due to disability or\ndeath, or a termination in accordance with Section 6(c), 6(f) or 6(g) hereof,\nthe Stock Units shall be credited to the Share Unit Account during the Contract\nYear of such termination shall be fully vested and payable to the Executive.\n\n         The Company shall make full payment to the Executive of the Share Unit\nAccount on a date to be chosen by it, but in no event later than 90 days after\nthe termination of the Executive's employment with the Company, unless the\nExecutive requests prior to the termination of his employment for the Company to\ncontinue the deferral of such payments until a later date or dates and the\nCompany agrees to such requests. Such payment shall be made by transfer to the\nExecutive of a number of shares of Class A Common Stock of the Company equal to\nthe number of Stock Units credited to the Share Unit Account as of the date of\nsuch payment, reduced by the number of shares having a value, as of the date of\nsuch payment, equal to the federal, state and local withholding tax due and\nowing in connection with such transfer. The Company, in its discretion, may no\nmore than once in any twelve month period convert all or some of the Stock Units\nin the Share Unit Account to a cash equivalent amount (based on the closing\nprice per share of the Class A Common Stock on the date of conversion), which\namount shall be placed in a deferred account and be governed by Section 3(c)\nhereof. In the event any such conversion is made, the Share Unit Account will be\nreduced accordingly.\n\n\n                                       4\n\n\n         (b) Stock Options. (i) As of the date hereof, the Compensation\nCommittee has awarded to you options to purchase one million (1,000,000) shares\nof the Company's Class A Common Stock pursuant to the Share Incentive Plan. The\nterms of the options are set forth in a separate grant letter approved by the\nCompensation Committee and attached hereto. (ii) Beginning with the First\nContract Year, the Compensation Committee approved the grant to you of options\nto purchase 500,000 shares of the Company's Class A Common Stock under the Share\nIncentive Plan during each contract year (or, to the extent that any such grant\nis not permitted during each Contract Year during the Term of Employment by\nreason of the terms of the Share Incentive Plan, or under a successor plan if\nany, hereafter adopted by the then Compensation Committee containing terms no\nless favorable to the Executive than the terms of the Share Incentive Plan,\nsubject to any provisions necessary to comply with changes in law or accounting\npolicies, and subject to and conditioned upon the approval by the stockholders\nof the Company) at exercise prices equal to the fair market value (as defined in\nthe Share Incentive Plan) on each grant date, subject to the terms and\nconditions of the Share Incentive Plan, which are incorporated herein by\nreference. The number of stock options awarded hereunder shall be adjusted in\nthe manner provided in Section 14 of the Share Incentive Plan for changes in the\nClass A Common Stock. The terms of the options shall be set forth in a separate\ngrant letter approved by the Compensation Committee substantially in the form\nattached hereto as Exhibit A.\n\n         (c) Certain Conditions. Executive acknowledges and agrees that any\ngrant of Stock Units or Stock Options otherwise provided for in this Section 4\nshall be effective as provided herein only to the extent permitted by the Share\nIncentive Plan, and this Agreement shall not obligate the Company to adopt any\nsuccessor plan providing for the grant of Stock Units or Stock Options (or\nsubstantially similar benefits).\n\n         5. Benefits.\n\n         (a) Standard Benefits. During the Term of Employment, the Executive\nshall be entitled to (i) participate in any and all benefit programs and\narrangements now in effect and hereinafter adopted and made generally available\nby the Company to its senior officers, including but not limited to the Estee\nLauder Inc. Incentive Thrift Plan (the \"Thrift Plan\"), the Estee Lauder Inc.\nRetirement Growth Account Plan (the \"Qualified Plan\"), the related Estee Lauder\nInc. Benefit Restoration Plan (the \"Non-Qualified Plan\"), contributory and\nnon-contributory Company welfare and benefit plans, disability plans, and\nmedical, death benefit and life insurance plans for which the Executive shall be\neligible, or may become eligible during the Term of Employment; (ii) participate\nin the Company's automobile program now in effect and hereinafter adopted and\ngenerally made available by the Company to its senior officers; and (iii) paid\nvacations during each year of the Term of Employment in accordance with the\npolicies and procedures of the Company as in effect from time to time for its\nsenior officers.\n\n            (b) Pension. In calculating the amount of benefit payable to the\nExecutive with reference to his participation in the Qualified Plan and the\nNon-Qualified Plan, the entire period of service of the Executive with the\nCompany and its affiliates shall be recognized as credited service and amounts\npayable to the Executive pursuant to the Bonus Plan (up to a \n\n\n                                       5\n\n\nmaximum of 100% of the Executive's Base Salary in any Contract Year) shall be\nincluded as pensionable compensation. The amount of benefit thus calculated,\nless the amount actually payable to the Executive under the terms of the\nQualified Plan and the Non-Qualified Plan, shall be paid to the Executive by the\nCompany as a supplemental pension benefit, in the form and at the time elected\nby the Executive for payment of his actual benefit under such Plans.\n\n         (c) Split-Dollar Life Insurance. (i) The Company will continue to\nprovide the Executive with the split-dollar life insurance under the existing\narrangements and subject to the existing conditions, except that the death\nbenefit will be increased to $20 million (subject to standard underwriting\ncontingencies). (ii) The Executive or his designee will procure a second-to-die\nvariable universal life insurance policy on the life of the Executive and his\nspouse (the \"Policy\"), whereupon the Company will enter into a collateral\nassignment split-dollar life insurance arrangement (the \"Split Dollar\nAgreement\") in respect of the Policy with the Executive or his designee,\nreasonably acceptable to them, under which the Company will make five\napproximately equal annual payments, commencing as soon as feasible, totaling\napproximately $26,634,000, but in no event less than $26,000,000 nor more than\n$27,000,000. The obligation of the Company to continue to make the payments\nshall survive any termination of Executive's employment, other than (x) a\ntermination of the Executive by the Company for Cause pursuant to Section 6(d)\nor (y) a voluntary termination by the Executive prior to June 30, 2003, other\nthan (A) a termination by the Executive for a material breach by the Company\npursuant to Section 6(f) or (B) a termination by the Executive for Good Reason\nfollowing a Change of Control pursuant to Section 6(g)(ii). The Split Dollar\nAgreement shall provide for a repayment to the Company of the entire amount of\nits payments, on terms and at a time as shall be reasonably acceptable to the\nCompany.\n\n         (d) Expenses. The Company agrees to reimburse the Executive for all\nreasonable and necessary travel (including first class air fare), business\nentertainment and other business out-of-pocket expenses incurred or expended by\nhim in connection with the performance of his duties hereunder upon presentation\nof proper expense statements or vouchers or such other supporting information as\nthe Company may reasonably require of the Executive.\n\n         6. Termination.\n\n         (a) Permanent Disability. In the event of the \"permanent disability\"\n(as hereinafter defined) of the Executive during the Term of Employment, the\nCompany shall have the right, upon written notice to the Executive, to terminate\nthe Executive's employment hereunder, effective upon the giving of such notice\n(or such later date as shall be specified in such notice). In the event of such\ntermination, the Company shall have no further obligations hereunder, except\nthat the Executive shall be entitled (i) to receive any amounts or benefits to\nwhich the Executive may otherwise have been entitled prior to the effective date\nof termination; (ii) to be paid his Base Salary under Section 3(a) hereof for a\nperiod of one (1) year from the effective date of termination; provided,\nhowever, that the Company shall only be required to pay that amount of the\nExecutive's Base Salary which shall not be covered by pension benefits or\nlong-term disability payments, if any, to the Executive under any Company plan\nor arrangement and (iii) to receive a pro-rata portion of the annual bonus that\nthe Executive would have been \n\n\n                                       6\n\n\nentitled to receive had he remained in employment through the end of the\nContract Year during which the termination due to permanent disability occurred.\nIn addition, upon termination for permanent disability, the Executive shall\ncontinue to participate in any and all pension, insurance and other benefit\nplans and programs of the Company during the period the Executive is continuing\nto receive his Base Salary in accordance with this Section 6(a). Thereafter, the\nExecutive's rights to participate in such programs and plans, or to receive\nsimilar coverage, if any, shall be as determined under such programs; provided,\nhowever, that, except as otherwise provided in this Section 6(a), the Company\nwill have no further obligations under Sections 3(b) and 4 hereof. For purposes\nof this Section 6(a), \"permanent disability\" means any disability as defined\nunder the Company's applicable disability insurance policy or, if no such policy\nis available, any physical or mental disability or incapacity that renders the\nExecutive incapable of performing the services required of him in accordance\nwith his obligations under Section 2 hereof for a period of six (6) consecutive\nmonths or for shorter periods aggregating six (6) months during any twelve-month\nperiod.\n\n         (b) Death. In the event of the death of the Executive during the Term\nof Employment, the Company shall pay to the Executive's estate or legal\nrepresentative any amounts to which the Executive otherwise would have been\nentitled hereunder prior to the date of his death or which become payable by\nreason of his death.\n\n         (c) Termination Without Cause. The Company shall have the right, upon\nsixty (60) days' prior written notice given to the Executive, to terminate the\nExecutive's employment for any reason whatsoever. In the event of such\ntermination, for a period ending on the first to occur of a date three (3) years\nfrom the effective date of termination or June 30, 2005, the Executive shall be\nentitled as damages to (i) receive his Base Salary as established under Section\n3(a) hereof; (ii) receive annual bonus compensation equal to the average of\nactual annual bonuses paid or payable to the Executive during the Term of\nEmployment in accordance with Section 3(b)(ii) hereof, or if such termination\noccurs prior to the payment of any bonus hereunder, equal to the Executive's\nBase Salary; and (iii) participate in all pension, insurance and other benefit\nplans, programs or arrangements, on terms identical to those applicable to\nfull-term senior officers of the Company; provided, however, that, except as\notherwise provided in this Section 6(c), the Company will have no further\nobligations under Sections 3(b) and 4 hereof. In the event of termination\npursuant to this Section 6(c), the Executive shall not be required to mitigate\nhis damages hereunder.\n\n         (d) Cause. The Company shall have the right, upon written notice to the\nExecutive, to terminate the Executive's employment under this Agreement for\n\"Cause\" (as hereinafter defined), effective upon the giving of such notice (or\nsuch later date as shall be specified in such notice), and the Company shall\nhave no further obligations hereunder, except to pay the Executive any amounts\notherwise payable pursuant to Section 3 hereof and provide the Executive any\nbenefits to which the Executive may have been otherwise entitled prorated to the\neffective date of termination, provided, however, that prior to the effective\ndate of any termination for Cause, the Executive shall be given the opportunity\nto appear before the Board of Directors, with or without legal representation,\nat the Executive's election, to present arguments and evidence on his own\nbehalf. The Executive's right to participate in any of the Company's \n\n\n                                       7\n\n\nretirement, insurance and other benefit plans and programs shall be as\ndetermined under such programs and plans; provided, however, that, except as\notherwise provided in this Section 6(d), the Company will have no further\nobligations under Sections 3(b) and 4 hereof.\n\n         For purposes of this Agreement, \"Cause\" means:\n\n                  (i) fraud, embezzlement or gross insubordination on the part\nof the Executive or material breach by the Executive of his obligations under\nSection 7 or 8 hereof;\n\n                  (ii) conviction of, or the entry of a plea of nolo contendere\nby the Executive for, any felony;\n\n                  (iii) a material breach of, or the willful failure or refusal\nby the Executive to perform and discharge, his duties, responsibilities or\nobligations under this Agreement (other than under Sections 7 and 8 hereof,\nwhich shall be governed by clause (i) above, and other than by reason of\ndisability or death) that is not corrected within thirty (30) days following\nwritten notice thereof to the Executive by the Company, such notice to state\nwith specificity the nature of the breach, failure or refusal; provided that if\nsuch breach, failure or refusal is capable of correction but cannot reasonably\nbe corrected within thirty (30) days of written notice thereof, correction shall\nbe commenced by the Executive within such period and may be completed within a\nreasonable period thereafter; or\n\n                  (iv) any act of moral turpitude or willful misconduct by the\nExecutive which (A) is intended to result in substantial personal enrichment of\nthe Executive at the expense of the Company or any of its subsidiaries or\naffiliates or (B) has a material adverse impact on the business or reputation of\nthe Company or any of its subsidiaries or affiliates (such determination to be\nmade by the Company's Board of Directors in its reasonable judgment).\n\n         (e) Termination by Executive. The Executive shall have the right,\nexercisable at any time during the Term of Employment, to terminate his\nemployment for any reason whatsoever, upon six (6) months' prior written notice\nto the Company. Upon such termination, the Company shall have no further\nobligations hereunder other than to pay the executive his accrued benefits\nthrough the date of such termination. The Company expressly acknowledges that\nany termination of Executive's employment with the Company following the\neffective date of this Agreement shall qualify as a retirement termination\nwithin the meaning of the Company's Retirement Growth Account Plan and shall\nentitle the Executive to receive all Company benefits that are contingent upon\nthe Executive's retirement, pursuant to the terms of each such Company benefit\nplan or award agreement.\n\n         (f) Termination by Executive for Material Breach. The Executive shall\nhave the right, exercisable by notice to the Company, to terminate his\nemployment effective thirty (30) days after the giving of such notice, if, at\nany time during the Term of Employment, the Company shall be in material breach\nof its obligations hereunder; provided, however, that such notice must be\nprovided to the Company within ninety (90) days of the date on which the\nExecutive obtains knowledge of such material breach; and provided further, that\nsuch \n\n\n                                       8\n\n\ntermination will not become effective if within the thirty-day (30) notice\nperiod the Company shall have cured all such material breaches of its\nobligations hereunder. For purposes of this Section 6(f), a material breach\nshall include, but not be limited to, (i) a material reduction in the\nExecutive's aggregate authority, functions, duties or responsibilities provided\nin Section 2 hereof (ii) the Company's failure to cause the Executive to serve\nin all the positions set forth in Section 1 hereof for any time period in which\nhe is entitled to so serve, (iii) the Company's failure to pay any award that\nthe Executive is entitled to receive pursuant to the terms of this Agreement,\n(iv) a material adverse change in the Executive's reporting lines, without his\nconsent or (v) the failure to elect or continue the Executive as a director of\nthe Company, without his consent. Such termination shall be deemed to be a\ntermination without cause and shall be controlled by the provisions of Section\n6(c) hereof.\n\n         (g) Change of Control.\n\n                  (i)   Definitions.  For purposes of this Agreement,\n\n                       (A) a \"Change of Control\" shall be deemed to have\noccurred upon any of the following events:\n\n                          (1) a change in control of the direction and\nadministration of the Company's business of a nature that would be required to\nbe reported in response to Item 6(e) of Schedule 14A of Regulation 14(A)\npromulgated under the Securities Exchange Act of 1934, as amended; or\n\n                          (2) during any period of two (2) consecutive years,\nthe individuals who at the beginning of such period constitute the Company's\nBoard of Directors or any individuals who would be \"Continuing Directors\" (as\ndefined below) cease for any reason to constitute a majority thereof; or\n\n                          (3) the Company's Class A Common Stock shall cease to\nbe publicly traded; or\n\n                          (4) the Company's Board of Directors shall approve a\nsale of all or substantially all of the assets of the Company, and such\ntransaction shall have been consummated; or\n\n                          (5) the Company's Board of Directors shall approve any\nmerger, consolidation, or like business combination or reorganization of the\nCompany, the consummation of which would result in the occurrence of any event\ndescribed in Section 6(g)(i)(A)(2) or (3) above, and such transaction shall have\nbeen consummated.\n\n                          Notwithstanding the foregoing, (X) changes in the\nrelative beneficial ownership among members of the Lauder family and\nfamily-controlled entities shall not, by itself, constitute a Change of Control\nof the Company, (Y) any spin-off of a division or \n\n\n                                       9\n\n\nsubsidiary of the Company to its stockholders shall not constitute a Change of\nControl of the Company.\n\n                       (B) \"Continuing Directors\" shall mean (1) the directors\nin office on January 1, 2000 and (2) any successor to such directors and any\nadditional director who after January 1, 2000 was nominated or selected by a\nmajority of the Continuing Directors in office at the time of his or her\nnomination or selection.\n\n                       (C) \"Good Reason\" means the occurrence of any of the\nfollowing, without the express written consent of the Executive, after the\noccurrence of a Change in Control:\n\n                          (1) (a) the assignment to the Executive of any duties\ninconsistent in any material adverse effect with the Executive's position,\nauthority or responsibilities as contemplated by Section 2 hereof, or (b) any\nother material adverse change in such position, including title, authority or\nresponsibilities;\n\n                          (2) any failure by the Company to comply with any\nprovisions of Sections 3, 4 or 5 hereof, other than an insubstantial or\ninadvertent failure remedied by the Company promptly after receipt of notice\nthereof given by the Executive;\n\n                          (3) the Company's requiring the Executive to be based\nat any office or location more than 50 miles from that location at which he\nperformed his services specified under the provisions of Section 2 immediately\nprior to the Change in Control, except for travel reasonably required in the\nperformance of the Executive's responsibilities; or\n\n                          (4) any failure by the Company to obtain the\nassumption and agreement to perform this Agreement by a successor as\ncontemplated by Section 14.\n\n                  (ii) Termination for Good Reason. Following the occurrence of\na Change of Control, the Executive may terminate his employment for Good Reason.\nSuch termination shall be deemed to be a termination without cause and shall be\ncontrolled by the provisions of Section 6(c) hereof.\n\n         (h) Certain Payments by the Company.\n\n                  (i) In the event that any amount or benefit paid or\ndistributed to the Executive pursuant to this Agreement, taken together with any\namounts or benefits otherwise paid or distributed to the Executive by the\nCompany or any affiliated company (collectively, the \"Covered Payments\"), are or\nbecome subject to the tax (the \"Excise Tax\") imposed under Section 4999 of the\nCode, or any similar tax that may hereafter be imposed, the Company shall pay to\nthe Executive at the time specified in Section 6(h) (v) below an additional\namount (the \"Tax Reimbursement Payment\") such that the net amount retained by\nthe Executive with respect to such Covered Payments, after deduction of any\nExcise Tax on the Covered Payments and any \n\n\n                                       10\n\n\nFederal, state and local income or employment tax and Excise Tax on the Tax\nReimbursement Payment provided for by this Section 6(f), but before deduction\nfor any Federal, state or local income or employment tax withholding on such\nCovered Payments, shall be equal to the amount of the Covered Payments.\n\n                  (ii) For purposes of determining whether any of the Covered\nPayments will be subject to the Excise Tax and the amount of such Excise Tax,\n\n                       (A) such Covered Payments will be treated as \"parachute\npayments\" within the meaning of Section 280G of the Code, and all \"parachute\npayments\" in excess of the \"base amount\" (as defined under Section 28OG(b) (3)\nof the Code) shall be treated as subject to the Excise Tax, unless, and except\nto the extent that, in the good faith judgment of the Company's independent\ncertified public accountants appointed prior to the date of the Change in\nControl or tax counsel selected by such Accountants (the \"Accountants\"), the\nCompany has a reasonable basis to conclude that such Covered Payments (in whole\nor in part) either do not constitute \"parachute payments\" or represent\nreasonable compensation for personal services actually rendered (within the\nmeaning of Section 28OG(b) (4) (B) of the Code) in excess of the allocable \"base\namount,\" or such \"parachute payments\" are otherwise not subject to such Excise\nTax, and\n\n                       (B) the value of any non-cash benefits or any deferred\npayment or benefit shall be determined by the Accountants in accordance with the\nprinciples of Section 280G of the Code.\n\n                  (iii) For purposes of determining the amount of the Tax\nReimbursement Payment, the Executive shall be deemed to pay:\n\n                       (A) Federal income, social security, medicare and other\nemployment taxes at the highest applicable marginal rate of Federal income\ntaxation for the calendar year in which the Tax Reimbursement Payment is to be\nmade, and\n\n                       (B) any applicable state and local income or other\nemployment taxes at the highest applicable marginal rate of taxation for the\ncalendar year in which the Tax Reimbursement Payment is to be made, net of the\nmaximum reduction in Federal income taxes which could be obtained by Executive\nfrom the deduction of such state or local taxes if paid in such year.\n\n                  (iv) In the event that the Excise Tax is subsequently\ndetermined by the Accountants or pursuant to any proceeding or negotiations with\nthe Internal Revenue Service to be less than the amount taken into account\nhereunder in calculating the Tax Reimbursement Payment made, the Executive shall\nrepay to the Company, at the time of such determination, the portion of such\nprior Tax Reimbursement Payment that would not have been paid if such reduced\nExcise Tax had been taken into account in initially calculating such Tax\nReimbursement Payment, plus interest on the amount of such repayment at the rate\nprovided in Section 1274(b)(2)(b) of the Code. Notwithstanding the foregoing, in\nthe event any portion of the Tax \n\n\n                                       11\n\n\nReimbursement Payment to be refunded to the Company has been paid to any\nFederal, state or local tax authority, repayment thereof shall not be required\nuntil actual refund or credit of such portion has been made to the Executive,\nand interest payable to the Company shall not exceed interest received or\ncredited to the Executive by such tax authority for the period it held such\nportion. The Executive and the Company shall mutually agree upon the course of\naction to be pursued (and the method of allocating the expenses thereof) if the\nExecutive's good faith claim for refund or credit is denied.\n\n                  In the event that the Excise Tax is later determined by the\nAccountants or pursuant to any proceeding or negotiations with the Internal\nRevenue Service to exceed the amount taken into account hereunder at the time\nthe Tax Reimbursement Payment is made (including, but not limited to, by reason\nof any payment the existence or amount of which cannot be determined at the time\nof the Tax Reimbursement Payment), the Company shall make an additional Tax\nReimbursement Payment in respect of such excess (plus any interest or penalty\npayable with respect to such excess) at the time that the amount of such excess\nis finally determined.\n\n                  (v) The Tax Reimbursement Payment (or portion thereof)\nprovided for in Section 6(h)(i) above shall be paid to the Executive not later\nthan 10 business days following the payment of the Covered Payments; provided,\nhowever, that if the amount of such Tax Reimbursement Payment (or portion\nthereof) cannot be finally determined on or before the date on which payment is\ndue, the Company shall pay to the Executive by such date an amount estimated in\ngood faith by the Accountants to be the minimum amount of such Tax Reimbursement\nPayment and shall pay the remainder of such Tax Reimbursement Payment (together\nwith interest at the rate provided in Section 1274(b)(2)(B) of the Code) as soon\nas the amount thereof can be determined, but in no event later than 45 calendar\ndays after payment of the related Cover Payment. In the event that the amount of\nthe estimated Tax Reimbursement Payment exceeds the amount subsequently\ndetermined to have been due, such excess shall constitute a loan by the Company\nto the Executive, payable on the fifth business day after written demand by the\nCompany for payment (together with interest at the rate provided in Section\n1274(b)(2)(B) of the Code).\n\n                  (vi) The Company shall pay directly or reimburse Executive for\nthe cost of hiring his own accounting and\/or legal experts in connection with\nany determinations to be made as to the amounts of the Covered Payments and\/or\nthe Tax Reimbursement Payment; provided, however, that the Company shall not be\nrequired to make any such payments in excess of $20,000. The provisions of this\nSection 6(h) shall survive Executive's termination of employment hereunder.\n\n         (i) Effect of Termination. Upon the termination of the Executive's\nemployment hereunder for any reason, the Company shall have no further\nobligations hereunder, except as otherwise provided herein. The Executive,\nhowever, shall continue to have the obligations provided for in Sections 7 and 8\nhereof. Furthermore, upon such termination, the Executive shall be deemed to\nhave resigned immediately from all offices and directorships held by him in the\nCompany or any of its subsidiaries.\n\n\n                                       12\n\n\n         7. Confidentiality; Ownership.\n\n         (a) The Executive agrees that he shall forever keep secret and retain\nin strictest confidence and not divulge, disclose, discuss, copy or otherwise\nuse or suffer to be used in any manner, except in connection with the Business\nof the Company, its subsidiaries or affiliates and any other business or\nproposed business of the Company or any of its subsidiaries or affiliates, any\n\"Protected Information\" in any \"Unauthorized\" manner or for any \"Unauthorized\"\npurpose (as such terms are hereinafter defined).\n\n                  (i) \"Protected Information\" means trade secrets, confidential\nor proprietary information and all other knowledge, know-how, information,\ndocuments or materials owned, developed or possessed by the Company or any of\nits subsidiaries or affiliates, whether in tangible or intangible form,\npertaining to the Business or any other business or proposed business of the\nCompany or any of its subsidiaries or affiliates, including, but not limited to,\nresearch and development, operations, systems, data bases, computer programs and\nsoftware, designs, models, operating procedures, knowledge of the organization,\nproducts (including prices, costs, sales or content), processes, formulas,\ntechniques, machinery, contracts, financial information or measures, business\nmethods, business plans, details of consultant contracts, new personnel hiring\nplans, business acquisition plans, customer lists, business relationships and\nother information owned, developed or possessed by the Company or its\nsubsidiaries or affiliates; provided that Protected Information shall not\ninclude information that becomes generally known to the public or the trade\nwithout violation of this Section 7.\n\n                  (ii) \"Unauthorized\" means: (A) in contravention of the\npolicies or procedures of the Company or any of its subsidiaries or affiliates;\n(B) otherwise inconsistent with the measures taken by the Company or any of its\nsubsidiaries or affiliates to protect their interests in any Protected\nInformation; (C) in contravention of any lawful instruction or directive, either\nwritten or oral, of an employee of the Company or any of its subsidiaries or\naffiliates empowered to issue such instruction or directive; or (D) in\ncontravention of any duty existing under law or contract. Notwithstanding\nanything to the contrary contained in this Section 7, the Executive may disclose\nany Protected Information to the extent required by court order or decree or by\nthe rules and regulations of a governmental agency or as otherwise required by\nlaw or to his legal counsel and, in connection with a determination under\nSection 6(h), to accounting experts; provided that the Executive shall provide\nthe Company with prompt notice of such required disclosure in advance thereof so\nthat the Company may seek an appropriate protective order in respect of such\nrequired disclosure.\n\n         (b) The Executive acknowledges that all developments, including,\nwithout limitation, inventions (patentable or otherwise), discoveries, formulas,\nimprovements, patents, trade secrets, designs, reports, computer software, flow\ncharts and diagrams, procedures, data, documentation, ideas and writings and\napplications thereof relating to the Business or any business or planned\nbusiness of the Company or any of its subsidiaries or affiliates that, alone or\njointly with others, the Executive may conceive, create, make, develop, reduce\nto practice or acquire during the Term of Employment (collectively, the\n\"Developments\") are works made for \n\n\n                                       13\n\n\nhire and shall remain the sole and exclusive property of the Company. The\nExecutive hereby assigns to the Company, in consideration of the payments set\nforth in Section 3(a) hereof, all of his right, title and interest in and to all\nsuch Developments. The Executive shall promptly and fully disclose all future\nmaterial Developments to the Board of Directors of the Company and, at any time\nupon request and at the expense of the Company, shall execute, acknowledge and\ndeliver to the Company all instruments that the Company shall prepare, give\nevidence and take all other actions that are necessary or desirable in the\nreasonable opinion of the Company to enable the Company to file and prosecute\napplications for and to acquire, maintain and enforce all letters patent and\ntrademark registrations or copyrights covering the Developments in all countries\nin which the same are deemed necessary by the Company. All memoranda, notes,\nlists, drawings, records, files, computer tapes, programs, software, source and\nprogramming narratives and other documentation (and all copies thereof) made or\ncompiled by the Executive or made available to the Executive concerning the\nDevelopments or otherwise concerning the Business or planned business of the\nCompany or any of its subsidiaries or affiliates shall be the property of the\nCompany or such subsidiaries or affiliates and shall be delivered to the Company\nor such subsidiaries or affiliates promptly upon the expiration or termination\nof the Term of Employment.\n\n         (c) The provisions of this Section 7 shall, without any limitation as\nto time, survive the expiration or termination of the Executive's employment\nhereunder, irrespective of the reason for any termination.\n\n         8. Covenant Not to Compete. Subject to the last sentence of this\nSection 8, the Executive agrees that during the Term of Employment and for a\nperiod of one (1) year commencing upon the expiration or termination of the\nExecutive's employment hereunder (the \"Non-Compete Period\"), the Executive shall\nnot, directly or indirectly, without the prior written consent of the Company:\n\n         (a) solicit, entice, persuade or induce any employee, consultant, agent\nor independent contractor of the Company or of any of its subsidiaries or\naffiliates to terminate his, her or its employment with the Company or such\nsubsidiary or affiliate, to become employed by any person, firm or corporation\nother than the Company or such subsidiary or affiliate or approach any such\nemployee, consultant, agent or independent contractor for any of the foregoing\npurposes, or authorize or assist in the taking of any such actions by any third\nparty (for purposes of this Section 8 (a), the terms \"employee,\" \"consultant,\"\n\"agent\" and \"independent contractor\" shall include any persons with such status\nat any time during the six (6) months preceding any solicitation in question);\nor\n\n         (b) directly or indirectly engage, participate, or make any financial\ninvestment in, or become employed by or render consulting, advisory or other\nservices to or for any person, firm, corporation or other business enterprise,\nwherever located, which is engaged, directly or indirectly, in competition with\nthe Business or any business of the Company or any of its subsidiaries or\naffiliates as conducted or any business proposed to be conducted at the time of\nthe expiration or termination of the Executive's employment hereunder; provided,\nhowever, that nothing in this Section 8(b) shall be construed to preclude the\nExecutive from making any \n\n\n                                       14\n\n\ninvestments in the securities of any business enterprise whether or not engaged\nin competition with the Company or any of its subsidiaries or affiliates, to the\nextent that such securities are actively traded on a national securities\nexchange or in the over-the-counter market in the United States or on any\nforeign securities exchange and represent, at the time of acquisition, not more\nthan 3% of the aggregate voting power of such business enterprise.\n\n         Notwithstanding the foregoing, the Executive shall not be subject to\nthe terms and provisions of paragraph (b) of this Section 8 if the Term of\nEmployment is terminated pursuant to Section 6(c), 6(f) or 6(g)(ii) hereof.\n\n         9. Specific Performance. The Executive acknowledges that the services\nto be rendered by the Executive are of a special, unique and extraordinary\ncharacter and, in connection with such services, the Executive will have access\nto confidential information vital to the Company's Business and the other\ncurrent or planned businesses of it and its subsidiaries and affiliates. By\nreason of this, the Executive consents and agrees that if the Executive violates\nany of the provisions of Sections 7 or 8 hereof, the Company and its\nsubsidiaries and affiliates would sustain irreparable injury and that monetary\ndamages would not provide adequate remedy to the Company and that the Company\nshall be entitled to have Section 7 or 8 hereof specifically enforced by any\ncourt having equity jurisdiction. Nothing contained herein shall be construed as\nprohibiting the Company or any of its subsidiaries or affiliates from pursuing\nany other remedies available to it or them for such breach or threatened breach,\nincluding the recovery of damages from the Executive.\n\n         10. Deductions and Withholding. The Executive agrees that the Company\nor its subsidiaries or affiliates, as applicable, shall withhold from any and\nall compensation paid to and required to be paid to the Executive pursuant to\nthis Agreement, all Federal, state, local and\/or other taxes which the Company\ndetermines are required to be withheld in accordance with applicable statutes or\nregulations from time to time in effect and all amounts required to be deducted\nin respect of the Executive's coverage under applicable employee benefit plans.\nFor purposes of this Agreement and calculations hereunder, all such deductions\nand withholdings shall be deemed to have been paid to and received by the\nExecutive.\n\n         11. Entire Agreement. Except for the Fiscal 1999 Share Incentive Plan,\nthe Executive's outstanding stock option agreements, the Executive Annual\nIncentive Plan, the Thrift Plan, the split-dollar life insurance arrangement\nbetween the Company and the Executive, the agreement dated January 1, 2000\nrelating to the conversion of 181,585 share units, the prior arrangements\nrelating to the Executive's deferred compensation and the Qualified Plan and the\nNon-Qualified Plan, this Agreement embodies the entire agreement of the parties\nwith respect to the Executive's employment, compensation, perquisites and\nrelated items and supersedes any other prior oral or written agreements,\narrangements or understandings between the Executive and the Company or any of\nits subsidiaries or affiliates, and any such prior agreements, arrangements or\nunderstandings are hereby terminated and of no further effect. This Agreement\nmay not be changed or terminated orally but only by an agreement in writing\nsigned by the parties hereto.\n\n\n                                       15\n\n\n         12. Waiver. The waiver by the Company of a breach of any provision of\nthis Agreement by the Executive shall not operate or be construed as a waiver of\nany subsequent breach by him. The waiver by the Executive of a breach of any\nprovision of this Agreement by the Company shall not operate or be construed as\na waiver of any subsequent breach by the Company.\n\n         13. Governing Law; Jurisdiction.\n\n         (a) This Agreement shall be subject to, and governed by, the laws of\nthe State of New York applicable to contracts made and to be performed therein.\n\n         (b) Any action to enforce any of the provisions of this Agreement shall\nbe brought in a court of the State of New York located in the Borough of\nManhattan of the City of New York or in a Federal court located within the\nSouthern District of New York. The parties consent to the jurisdiction of such\ncourts and to the service of process in any manner provided by New York law.\nEach party irrevocably waives any objection which it may now or hereafter have\nto the laying of the venue of any such suit, action or proceeding brought in\nsuch court and any claim that such suit, action or proceeding brought in such\ncourt has been brought in an inconvenient forum and agrees that service of\nprocess in accordance with the foregoing sentences shall be deemed in every\nrespect effective and valid personal service of process upon such party.\n\n         14. Assignability. The obligations of the Executive may not be\ndelegated and, except with respect to the designation of beneficiaries in\nconnection with any of the benefits payable to the Executive hereunder, the\nExecutive may not, without the Company's written consent thereto, assign,\ntransfer, convey, pledge, encumber, hypothecate or otherwise dispose of this\nAgreement or any interest herein. Any such attempted delegation or disposition\nshall be null and void and without effect. The Company and the Executive agree\nthat this Agreement and all of the Company's rights and obligations hereunder\nmay be assigned or transferred by the Company to and shall be assumed by and be\nbinding upon any successor to the Company. The Company shall require any\nsuccessor by an agreement in form and substance satisfactory to the Executive,\nexpressly to assume and agree to perform this Agreement in the same manner and\nto the same extent as the Company would be required to perform if no such\nsuccession had taken place. The term \"successor\" means, with respect to the\nCompany or any of its subsidiaries, any corporation or other business entity\nwhich, by merger, consolidation, purchase of the assets or otherwise acquires\nall or a majority of the operating assets or business of the Company.\n\n         15. Severability. If any provision of this Agreement or any part\nthereof, including, without limitation, Sections 7 and 8 hereof, as applied to\neither party or to any circumstances shall be adjudged by a court of competent\njurisdiction to be void or unenforceable, the same shall in no way affect any\nother provision of this Agreement or remaining part thereof, or the validity or\nenforceability of this Agreement, which shall be given full effect without\nregard to the invalid or unenforceable part thereof.\n\n         If any court construes any of the provisions of Section 7 or 8 hereof,\nor any part thereof, to be unreasonable because of the duration of such\nprovision or the geographic scope \n\n\n                                       16\n\n\nthereof, such court may reduce the duration or restrict or redefine the\ngeographic scope of such provision and enforce such provision as so reduced,\nrestricted or redefined.\n\n         16. Notices. All notices to the Company or the Executive permitted or\nrequired hereunder shall be in writing and shall be delivered personally, by\ntelecopier or by courier service providing for next-day delivery or sent by\nregistered or certified mail, return receipt requested, to the following\naddresses:\n\n         The Company:\n\n         The Estee Lauder Companies Inc.\n         767 Fifth Avenue\n         New York, New York 10153\n         Attn: General Counsel\n         Tel:  (212) 572-3980\n         Fax:  (212) 572-3989\n\n         The Executive:\n\n         Fred H. Langhammer\n         [Address]\n\n\n         With a copy to:\n\n         Bruce D. Haims, Esq.\n         Debevoise &amp; Plimpton\n         875 Third Avenue\n         New York, New York 10022\n\nEither party may change the address to which notices shall be sent by sending\nwritten notice of such change of address to the other party. Any such notice\nshall be deemed given, if delivered personally, upon receipt; if telecopied,\nwhen telecopied; if sent by courier service providing for next-day delivery, the\nnext business day following deposit with such courier service; and if sent by\ncertified or registered mail, three days after deposit (postage prepaid) with\nthe U.S. mail service.\n\n         17. No Conflicts. The Executive hereby represents and warrants to the\nCompany that his execution, delivery and performance of this Agreement and any\nother agreement to be delivered pursuant to this Agreement will not (i) require\nthe consent, approval or action of any other person or (ii) violate, conflict\nwith or result in the breach of any of the terms of, or constitute (or with\nnotice or lapse of time or both, constitute) a default under, any agreement,\narrangement or understanding with respect to the Executive's employment to which\nthe Executive is a party or by which the Executive is bound or subject. The\nExecutive hereby agrees to indemnify and hold harmless the Company and its\ndirectors, officers, employees, \n\n\n                                       17\n\n\nagents, representatives and affiliates (and such affiliates' directors,\nofficers, employees, agents and representatives) from and against any and all\nlosses, liabilities or claims (including interest, penalties and reasonable\nattorneys' fees, disbursements and related charges) based upon or arising out of\nthe Executive's breach of any of the foregoing representations and warranties.\n\n         18. Paragraph Headings. The paragraph headings contained in this\nAgreement are for reference purposes only and shall not affect in any way the\nmeaning or interpretation of this Agreement.\n\n         19. Counterparts. This Agreement may be executed in one or more\ncounterparts, each of which shall be deemed to be an original, but all of which\ntaken together shall constitute one and the same instrument.\n\n         IN WITNESS WHEREOF, the parties hereto have duly executed this\nAgreement as of the date first written above.\n\n                                          THE ESTEE LAUDER COMPANIES INC.\n\n\n\n                                          By:   \/s\/ Andrew J. Cavanaugh\n                                                --------------------------------\n                                          Name:  Andrew J. Cavanaugh\n                                          Title: Senior Vice President - Global \n                                                 Human Resources\n\n                                          \/s\/ Fred H. Langhammer\n                                          --------------------------------------\n                                          Fred H. Langhammer\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7474],"corporate_contracts_industries":[9395],"corporate_contracts_types":[9539,9544],"class_list":["post-39626","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-estee-lauder-cos-inc","corporate_contracts_industries-consumer__cleaning","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39626"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39626"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39626"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}