<PAGE>



                    INTERNATIONAL FLAVORS & FRAGRANCES INC.

                     SUPPLEMENTAL RETIREMENT PLAN (S.R.P.)

         The accrual and payment of benefits as calculated under the Company's
Qualified Pension Plan may be limited by present and future government rules
covering qualified plans. A non-qualified Supplemental Retirement Plan is hereby
established to accrue and pay that part of the pension benefits that, because of
govdrnmentally imposed limitations, cannot be accrued or paid by the qualified
plan.

         This Plan shall be unfunded and shall be administered by a Supplemental
Pension Committee, the members of which shall be the same individuals as those
comprising the Qualified Plan's Pension Committee.

         The Plan Year shall be the same as that of the Company's Qualified
Pension Plan.

         Anyone who is a Participant in the Company's Qualified Pension Plan and
for whom benefits calculated under this Plan would exceed benefits under the
Qualified Pension Plan is also a Participant in this Plan.

         For purpose of this Supplemental Retirement Plan, Compensation and Rate
of Compensation are defined as follows:

         Compensation or Rate of Compensation of any Participant shall mean the
sum of amounts determined in paragraph (a) and (b) below:

                (a) The basic rate of monthly compensation (including any
         reductions made pursuant to an effective cash or deferred wage and
         salary conversion agreement under Section 401(k) of the Internal
         Revenue Code), in effect for him on the Compensation Date (as defined
         in the Qualified Pension Plan), and

                (b) One-twelfth of the bonus (if any) awarded to him with
         respect to the calendar year immediately preceding the above
         Compensation Date irrespective of whether payment of such bonus was
         made in that calendar year or deferred to a subsequent calendar year,
         plus one-twelfth of any Commission paid to him during the calendar year
         containing the above Compensation Date. Compensation, as defined, shall
         exclude compensation for overtime service, shift differential and all
         other forms of fringe compensation or benefits and any amount
         contributed for him by the Employer to any public or private employee
         benefit plan including this Plan other than contributions corresponding
         to reductions referred to in paragraph (a) above.



<PAGE>


         Calculation of benefits under this Plan shall be made in the same
manner as provided in the Company's Qualified Pension Plan but using the above
definition of Compensation. Amounts oi benefits so calculated shall not be
subject to limitations imposed by Governmental enactments, rules or regulations
concerning qualified benefit plans, including those limitations embodied in the
Qualified Pension Plan under "Maximum Pensions".

         Benefits accrued and payable from this Plan shalYbe the excess, if any,
of benefits calculated as described above over benefits payable under the
Company's Qualified Pension Plan and shall be payable in the same form and
manner as the Participants, benefits under such plan.

         Amounts payable under this Plan shall not be assignable or subject to
attachment of levy of any kind.

         The Company may terminate this Plan at any time, whereupon the rights
of participants to their benefits accrued to the date of such termination shall
be nonforfeitable. The Company may amend this Plan at any time but no amendment
shall cause a reduction in the amounts theretofore credited to any participant.

         The effective date of this Plan shall be January 1, 1987, as amended
effective January 1, 2001.