e.l.f. Beauty adopts Equity Award Retirement Policy for eligible employees

e.l.f. Beauty, Inc.

Policy effective June 1, 2024, applies to RSUs and PSUs granted on or after that date.
Retirement eligibility: age 55+, 5+ years service, and age+service ≥ 65.
On qualifying retirement, RSUs held ≥6 months vest in full; PSUs remain outstanding and vest based on performance.
Requires at least 3 months' written notice and a general release of claims within 30 days post-retirement.
Board or committee may amend or terminate policy, but not adversely affect outstanding awards without consent.

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