EX-10.8(A) 5 c25612_ex10-8a.txt EXHIBIT 10.8(a) AMENDMENT TO EMPLOYMENT AGREEMENT --------------------------------- THIS AMENDMENT ("Amendment"), dated as of July 1, 2002, to the Employment Agreement, dated as of July 1, 2000 (the "Agreement"), between The Estee 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 adjust the compensation in fiscal 2003 as set forth herein; 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. For the fiscal year ending June 30, 2003, Base Salary shall be paid to the Executive at a rate equal to $1,710,000, which shall be payable in accordance with the regular payroll policies of the Company in effect from time to time. For Contract Years after June 30, 2003, Base Salary shall be paid to the Executive at a rate equal to that set forth in the Agreement prior to this Amendment. Each rate shall be "Base Salary" for the respective Contract Year. 2. 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 ESTEE LAUDER COMPANIES INC. By: /s/ ANDREW J. CAVANAUGH ---------------------------------- Name: Andrew J. Cavanaugh Title: Senior Vice President - Global Human Resources /s/ LEONARD A. LAUDER -------------------------------------- Leonard A. Lauder