Separation agreement dated as of February 16, 2020 between the Company and Roy Bagattini

Separation Date: Your employment with LS&Co. will terminate on February 16, 2020 (your “Separation Date”). Whether or not you accept this Agreement, you will be paid (or you have been paid) all wages, including accrued and unused vacation, due to you as of your Separation Date. By executing this Agreement, you acknowledge that you have received all wages and benefits due to you as of the Separation Date.

Separation Pay. In consideration of your acceptance of this Agreement, you will receive $1,248,000.00 (one-million two-hundred and forty-eight thousand dollars and zero cents), representing 78 weeks of base pay, in Separation Pay. This pay will be subject to withholding and deductions for all taxes required by law and those deductions you have already authorized in writing, will be treated as supplemental wages, and will be paid out in biweekly increments during normal payroll periods of the Company.

Group Health Benefits. Except for COBRA continuation, your group health benefits end as of February 29, 2020. Whether or not you sign this Agreement, you may be eligible to continue receiving group health benefits pursuant to the federal COBRA law. The details of the COBRA continuation benefit are provided with your exit package.

Life Insurance. During the Separation Period, LS&Co. will provide you with free basic life insurance with a death benefit equal to your base salary as of the Separation Date.

Equity Awards. If you have (i) been granted a Stock Appreciation Right or Restricted Stock Unit award from the Company, (ii) such Stock Appreciation Right or Restricted Stock Unit award is subject to time-based vesting, and (iii) your Separation Date is at least twelve (12) months after the date of grant of such Stock Appreciation Right or Restricted Stock Unit award, the Stock Appreciation Right or Restricted Stock Unit award will continue to vest for the duration of the Separation Period.

Prorated Annual Bonus. You will be entitled to a prorated annual bonus for fiscal year 2020 based on actual Company financial results and 100% of your individual component. Such bonus will be paid in the first quarter of fiscal year 2021 at the time annual bonuses are paid to continuing employees.

One-Year Ayco Benefits Continuation. For a period of one-year following your Separation Date, you will continue to be eligible for Ayco Financial Services benefits.

Executive Physical Exam Continuation. For a period of one-year following your Separation Date, you will continue to be eligible to receive executive physical exam benefits. Spousal benefits shall not be included in this continued benefit.

E&Y Tax Assistance Continuation. For tax years 2020 and 2021, you will continue to be eligible for personal tax assistance from Ernst & Young, in the same manner as when you were employed by LS&Co.

In consideration of the separation pay and benefits (collectively referred to as “Separation Benefits”) to be provided pursuant to this Agreement, you release and forever discharge LS&Co., its subsidiaries and affiliates, and each of their parent organizations, predecessors, successors and assigns, and all of its and their past and present officers,

You understand that by releasing the Company Releasees from each and every Claim, you are giving up rights to bring all Claims against any Company Releasee based on any action, decision or event occurring before the date this Agreement is signed. This release covers all Claims against the Company Releasees, including but not limited to those arising under tort, contract and local, state or federal statute, including, but not limited to (as amended), Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment Act of 1967; the Equal Pay Act; section 1981 of the Civil Rights of 1864; the Employee Retirement Income Security Act; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act; the American’s with Disabilities Act; the Worker Adjustment and Retraining Notification Act; whistleblower protection statutes; and any other federal, state, tribal or local law, statute, regulation or ordinance concerning employment, including termination of employment, including, but not limited to, laws prohibiting discrimination based on race, creed, color, religion, national origin, sex, marital status, sexual orientation, age, disability, HIV/AIDS status, genetic information, military service, or veteran status, or any other protected classification; and claims for monetary damages, attorney’s fees, litigation costs or other monetary relief.

You understand that notwithstanding the above, nothing in this Agreement is intended to unlawfully release or waive any of your rights under any laws or to prevent, impede, or interfere with your ability right to: (i) provide truthful testimony if under subpoena to do so, (ii) file a charge with any state or federal agency or participate or cooperate in an agency investigation (except that you acknowledge that you cannot recover money in connection with any such charge or investigation), (iii) challenge the validity of this release, or (iv) pursue any rights or claims that may arise after the date this Agreement is signed.

unemployment benefits under applicable law;

workers’ compensation insurance benefits;

continued participation in certain of the Company’s group health benefit plans pursuant to COBRA, if applicable, and/or any applicable state law counterpart to COBRA;

any benefit entitlements vested as of your Separation Date, pursuant to written terms of any applicable employee benefit plan sponsored by the Company; and

any claims that are not waivable as a matter of applicable law.

Confidential Information. You hereby acknowledge that you are bound by all confidentiality agreements that you entered into with the Company and/or any and all of the Company Releasees (which agreements are incorporated into this Agreement by this reference); that as a result of your employment you have had access to the Confidential Information (as defined in such agreement(s)); that you will hold all such Confidential Information in strictest confidence; and that you may not make any use of such Confidential Information on behalf of yourself or any third party. By signing this Agreement, you further confirm that you have delivered to the Company all documents and data of any nature containing or pertaining to such Confidential Information and that you have not taken with you any such documents or data or any reproduction.

Non-Solicitation. For 12 months immediately following your Separation Date, you will not directly or indirectly solicit or induce any employee of the Company or any Company Releasee to leave employment with that entity or person. The

Non-Disparagement. You promise that you will not at any time make or publish any statements or comments that injure the reputation or goodwill of any Company Releasee. LS&Co. agrees that no current members of the Board of Directors, Executive Committee and/or Global Leadership Team will at any time make or publish any statements or comments that injure your reputation.

Employment with Competitor. The amounts payable and other benefits provided to you under this Agreement will immediately cease in the event that you accept employment with a Competitor of the Company (as such Competitors are defined in Exhibit “A” to this Agreement, which is attached and incorporated by reference), or if you breach any of your material obligations under this Agreement, including without limitation your obligations regarding Confidentiality, Non-Solicitation and Non-Disparagement, as set for the above in paragraphs 6-8 of this Agreement.

Re-Employment. If you are re-employed by LS&Co. before you receive all of your Separation Payments, the remaining payments will cease as of your re-employment or return date. In addition, LS&Co. will upon your rehire or return, discontinue the COBRA subsidy described as well as any Life Insurance coverage provided.

Non-Admission of Liability. This Agreement is not an admission by the Company or any other Company Releasee that the Company or any other Company Releasee has acted wrongfully with respect to you or any other person. The Company and other Company Releasees specifically deny any liability for wrongful acts against you or any other person.

Return of Employer Property. You affirm that you have returned to LS&Co. all documents, notes, reports, plans, keys, computers, office equipment, security cards and/or identification cards, charge cards, customer lists, computer or other files, employee directories, product information and other documents, copies of documents and property which were created, developed, generated or received by you during your employment or which are Company property, whether or not such items are confidential to LS&Co., unless the return of a particular item has been expressly excepted by the Company in writing.

Further Cooperation. You agree to cooperate with LS&Co. in connection with any pending or future investigation or litigation in which LS&Co. or other Company Releasees believe you are an individual with relevant knowledge, subject to and without waiving your rights specified in Section 5(C) above.

Confidentiality of Agreement. You agree to keep confidential this Agreement and will not reveal its contents to anyone except your attorney, your spouse/partner or your accountant, or as required by law or legal process.

Consideration and Revocation Periods. You agree that you have been provided a period of greater than 21 calendar days to consider whether to accept this Agreement. This Agreement must be signed no earlier than your separation Date on February 16, 2020 and no later than February 23, 2020.

Effect of Failure to Sign or of Revocation. You acknowledge that if (i) you do not sign this Agreement; or (ii) you do sign the Agreement but thereafter timely revoke, you will still be terminated as of your Separation Date and you will not be eligible to receive any Separation Benefits.

Counterparts/Photocopies/PDFs. This Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photographic copies (including PDFs) of such signed counterparts may be used in lieu of the originals for any purpose.

Severability. The provisions of this Agreement are severable, and if any provision is found to be unenforceable, the other provisions will remain fully valid and enforceable.

Governing Law. This Agreement will be construed under federal law and, where applicable, the laws of the State of California without reference to its conflicts of choice of law rules.

Entire Agreement. This Agreement is an integrated document and supersedes any prior or contemporaneous agreement, understanding or representation concerning its subject matter. In particular, you acknowledge and agree that any prior offer of participation in the Levi Strauss & Co. Separation Plan for the Worldwide Leadership Team (effective March 1, 2017) (the “Plan”) has been withdrawn and that, in consideration of your acceptance of this Agreement, you are not eligible to receive any separation pay or benefits under the Plan.