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Actionable news in RL: RALPH LAUREN CORPORATION,

DEPARTURE OF DIRECTORS OR CERTAIN

Nemerov Separation Agreement

In connection with Jackwyn Nemerov's previously disclosed separation of employment with Ralph Lauren Corporation (the "Company"), the Company and Ms. Nemerov entered into an employment separation agreement and release (the "Nemerov Agreement") on October 21, 2015. Pursuant to the Nemerov Agreement, Ms. Nemerov shall receive as separation payments, an amount of $1,384,616, equal to seventy-two (72) weeks of her annual base salary, paid as salary continuation, and a $3,000,000 lump sum payment, equal to 300% of her annual base salary, payable at the end of the salary continuation period. In addition, the Nemerov Agreement provides that Ms. Nemerov will vest in all unvested stock options (or other equity awards with only service-based vest ing) as of the date of...


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