Retirement Savings Plan

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provisions of the Plan. IF THERE IS ANY DISCREPANCY BETWEEN THIS SPD AND THE PLAN OR WITH RESPECT TO ANY PROVISION NOT DESCRIBED IN THIS SPD, THE PLAN WILL CONTROL. In addition, the Plan Administrator has the authority, in the Plan Administrator’s sole discretion, to interpret the Plan and resolve ambiguities therein, to develop rules and regulations to carry out the provisions of the Plan and to make factual determinations. All interpretations and determinations made by the Plan Administrator pursuant to the Plan Administrator’s authority will be final and binding on all the parties. The Plan, the funding vehicle documents (such as the Trust Agreement and/or annuity contracts), all amendments and riders to each, and other documents and records pertaining to the Plan may be examined by Plan participants, their beneficiaries, and their legal representatives during regular business hours or by appointment at a mutually convenient time in the office of the Plan Administrator. Copies of the official Plan documents mentioned above may be obtained from the Plan Administrator, who may impose a reasonable charge for those copies. The Plan is designed to give you an important opportunity to gain extra financial security for you and your family. The Plan is for the benefit of eligible employees of Coty Inc. (“Coty” or the “Company”) and certain affiliated companies that have adopted the Plan. The purpose of the Plan, which is a “defined contribution plan,” is to help to all eligible employees build a financial reserve that is in addition to personal savings or the benefit provided by Social Security. The Plan can be a major part of the benefits provided to you by the Company. Through the Plan, you can save money regularly and watch it grow through Company-matching contributions and investment earnings. The Company also makes retirement contributions on your behalf, whether or not you elect to contribute to the Plan. The Plan enables you to take advantage of a favorable income tax arrangement. Under this arrangement, you make contributions through before-tax salary reduction. As a result, employee contributions go directly into the Plan before federal income taxes are taken out. In addition, your compensation, for federal income tax purposes, is lowered by the amount of your before-tax contributions so that your taxes are lowered too, although state and local taxes may apply in some cases. In addition to before-tax contributions, you may also make after-tax contributions to the Plan. Finally, as long as the money stays in the Plan, the investment earnings are not subject to federal income tax. Thus, the funds continue to grow on a tax-deferred basis until you receive a distribution from the Plan. At the time of a distribution from the Plan, you may be eligible for favorable tax treatment. Please take time to read the SPD carefully and share this information with your family. The more you know about your Plan, the more you can use it to your best advantage. 4
II. ELIGIBILITY, ENROLLMENT AND PARTICIPATION Eligibility If you are employed as a common-law employee by the Company or one of its affiliated companies that have adopted the Plan, you are eligible to participate in the Plan on the first day of any payroll period that occurs on or after the date on which you have completed a “Year of Eligibility Service” (defined below). You are not eligible to participate in the Plan if: • You are not treated as an employee for payroll purposes -- for example, you are performing services as any kind of independent contractor or leased employee (if you should later be reclassified as an employee, your eligibility to participate in the Plan will be measured from the actual date you are reclassified as an employee, not the effective date of such reclassification); • You are non-resident alien who receives no U.S. source of earned income; • You perform domestic household services in the personal residences of other employees of the Company; and • You are a member of a unit of employees covered by a collective bargaining agreement that does not provide for participation in the Plan. To complete a Year of Eligibility Service, you must have performed at least 1,000 “Hours of Service” with the Company (or certain affiliated employers) during the 12 consecutive month period beginning on your date of hire or any 12-month period following that date. In general, you will receive credit for an Hour of Service for each hour for which you are paid or entitled to payment, whether or not you are actually performing employment duties. However, if your payroll records are normally kept on other than an hourly basis, the Plan will use the following equivalencies to determine the Hours of Service to which you are entitled to be credited: Basis Upon Which Payroll Records are Maintained Shift Day Week Semi-Month Month Credit Granted Actual hours for full shift 10 Hours of Service 45 Hours of Service 95 Hours of Service 190 Hours of Service If you became an employee due to a sales transaction between Coty and another company, your service with that other company up to the date your service with Coty commences may count toward your eligibility service. See the Plan Administrator if you have prior service with such a company. 5
Page 1 and 2: Effective January 1, 2008 Retiremen
Page 3: COTY RETIREMENT SAVINGS PLAN SUMMAR
Page 7 and 8: acknowledge the effect of the desig
Page 9 and 10: from other tax-qualified plans. How
Page 11 and 12: compensated employees. For 2008, hi
Page 13 and 14: For purposes of this example only,
Page 15 and 16: If you return to work for the Compa
Page 17 and 18: • matching contributions and earn
Page 19 and 20: Default If you terminate or retire
Page 21 and 22: of your benefits not awarded to you
Page 23 and 24: other eligible retirement plan acce
Page 25 and 26: How to Obtain Additional Informatio
Page 27 and 28: • Reason for the Denial - the spe
Page 29 and 30: XVI. PLAN INFORMATION Answers to mo
Page 31: If it should happen that the Plan f

Retirement Savings Plan

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