Document:

INTERNATIONAL FLAVORS & FRAGRANCES INC.
                   STOCK OPTION PLAN FOR NON-EMPOYEE DIRECTORS

      International Flavors & Fragrances Inc., a New York corporation (herein
called "IFF"), hereby establishes the Stock Option Plan For Non-Employee
Directors (herein called the "Plan") on the following terms and conditions:

      1. Purpose: To attract and retain the services of qualified independent
directors of IFF who are not employees of IFF and provide additional incentive
for such directors to work for the best interests of IFF and its shareholders.

      2. Method of Adoption: By the approval of the Board of Directors of IFF
(herein called the "Board") and of the holders of a majority of IFF shares.

      3. Grant of Options: Options for 1,000 shares each will be automatically
granted to each non-employee director in each year commencing in 1990 and ending
in 1999, and each such grant in each year shall be made on the date of the
Annual Meeting of the Shareholders of IFF in that year.

      4. Number of Shares: The Plan shall cover an aggregate of 100,000 shares
of common stock of IFF of the par value of $.12 1/2 each. Either authorized and
unissued shares or treasury shares may be used. If any options expire or
terminate without being exercised in full, including options voluntarily
surrendered for cancellation, the shares subject thereto which have not been
purchased in accordance with the terms of such options shall be available for
the grant of new options under the Plan.

      5. Purchase Price: The purchase price per share for any stock optioned at
any time under this Plan shall be the fair market value thereof on the date of
granting the option. Upon exercise of any stock option the director may pay for
the stock covered by the stock option with Common Stock of IFF taken at its fair
market value, providing the director has held such Common Stock for at least six
months or such longer period as determined by the Board.

      6. Eligibility: All members of the Board who are not employees of IFF or
one of its subsidiaries (including subsidiaries which may become such after
adoption of this Plan), including any such members elected to the Board by the
shareholders on the date of grant of an option.

      7. Directorship at the Time of Exercise of Options: Any stock option may
be exercised by any director only so long as he or she remains a director of
IFF, provided that if a director voluntarily resigns with the consent of the
Board, if he or she becomes totally disabled or retires at or after age 65, he
or she may exercise within 3 months thereafter (but not later than the
expiration date of the option) the option as to the

balance, if any, of the shares which the director was entitled to purchase under
the terms of the option at the date of such resignation, disability or
retirement. If a director dies while a director of IFF, his or her legal
representatives, distributees or legatees, as the case may be, may exercise
within 3 months thereafter (but not later than the expiration date of the
option) the option as to the balance, if any, of the shares which the director
was entitled to purchase under the terms of the option at the date of his or her
death or, in case such death occurs less than 48 months from the date of the
grant of the option, that proportion of the shares covered by the option which
the number of days in the period from the date of grant to the date of the
director's death bears to the number 1460, less any shares previously purchased
under the option.

      8. Individual Options: The maximum number of shares for which stock
options may be granted to any individual under the Plan shall be 10,000.

      9. Exercise of Options: Each stock option may be exercised as follows: up
to one-third of the shares covered at any time after 24 months from the date of
grant, up to two-thirds of such shares at any time after 36 months from such
date; and all the shares at any time after 48 months from such date. An option
may not be exercised, if, in the opinion of counsel for the Company, exercise of
the option or delivery of shares pursuant thereto might result in a violation of
any law or regulation of an agency of government or have an adverse effect on
the listing status or qualification of the Company shares on any securities
exchange.

      10. Rights of Optionees Before Issuance of Stock Certificates: No optionee
shall have any rights as a stockholder with respect to any shares covered by any
stock option until the date of the issuance of the stock certificate for such
shares following exercise of the options. No adjustment shall be made for
dividends or other rights for which the record date is prior to the date such
stock certificate is issued.

      11. Anti-Dilution Provisions: Each option agreement shall contain such
provisions as the Board or the Committee shall deem to be appropriate, including
provisions for appropriate adjustment of the option price and the number of
shares covered, or both, to protect the optionee in the event of a
reorganization, recapitalization, stock split, stock dividend, combination of
shares, merger or consolidation (except as otherwise stated below) or in the
event of any other change in the corporate capital structure of IFF. In the
event of any such adjustment, the aggregate number and class of shares available
under the Plan and the maximum number of shares as to which options may be
granted to any director may also be appropriately adjusted.

      12. Nonassignability: No option shall be assignable or transferable by an
optionee except by will or by the laws of descent and distribution, and an
option shall be exercisable during his or her lifetime only by him or her.

      13. Administration: The Plan is intended to be self-operative to the
maximum extent consistent with prudent business practice. Under no circumstances
shall any individual or group of individuals exercise discretion with respect to
designating the recipient of an option, the number of shares of Common Stock
that are subject to an option, the date of grant of an option or the exercise
price or dates of exercise of an option. Otherwise, the Plan shall be
administered by vote of a majority of the Board, or by a majority of the Stock
Option and Compensation Committee of the Board (herein called the "Committee").

      14. Acceleration of Option upon Merger or Consolidation: In the event of
the merger or consolidation of IFF with or into another corporation as a result
of which IFF is not the surviving corporation, then on written notice to the
optionee given by the surviving corporation, the option may be exercised, as to
the entire number of shares subject thereto, on and after the effective date of
such merger or consolidation and the option shall cease and terminate as to any
shares as to which it has not been exercised on a date 180 days after the
effective date of such merger or consolidation or on the expiration date of such
option, whichever is earlier.

      15. Agreements: Options issued under the Plan shall be evidenced by
agreements in such form as the Board or the Committee may approve. The terms of
such agreements shall comply with the applicable terms of the Plan contained
herein. The option agreement shall not impose on IFF or its subsidiaries any
obligation to continue any individual as a director for any period.

      16. Change in Control: In the event of a "change in control" of IFF, all
options previously granted to a director shall become immediately exercisable in
full, and he or she or his or her legal representatives, distributees or
legatees in the event of the death of a director may exercise within 3 months
thereafter (but not later than the respective expiration dates of the options)
any and all outstanding options.

      "Change in control" shall mean the earliest to occur of any of the
following events:

            (i) any person, corporation, partnership, association, trust or
other entity, or any "group" as defined in Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), shall hereafter become
the "beneficial owner," as defined in Rule 13d-3 promulgated under the Exchange
Act, directly or indirectly, of securities of the Corporation representing 40
percent or more of the combined voting power of the Corporation's then
outstanding securities; or

            (ii) persons not nominated by the Board in the Corporation's most
recent proxy statement shall constitute a majority of the members of the Board.

      17. Interpretation: In the event of any difference of opinion between an
optionee and IFF concerning the meaning or effect of the Plan, such difference
shall be resolved by the Board.

      18. Compliance with Applicable Laws: All options granted under the Plan
shall be non-statutory options not intended to qualify under Section 422A of the
Internal Revenue Code of 1986, as amended. No shares shall be offered under the
Plan and no stock certificate shall be delivered upon exercise of options until
such offering has been registered under the Securities Act of 1933, as amended,
and any other applicable governmental laws and regulations, unless in the
opinion of counsel such offering is exempt from registration under such Act, and
until IFF shall have complied with any applicable provisions of the Securities
Exchange Act of 1934, as amended, and applicable requirements of the New York
Stock Exchange.

      19. Amendment and Termination of the Plan: The Board may from time to
time, with respect to any shares at the time not subject to options, suspend or
discontinue the Plan or amend it in any respect, except as provided in paragraph
13 hereof, provided that (a) no revision or amendment shall change the selection
or eligibility of directors to receive options under the Plan, the purchase
price thereunder, or materially increase the benefits accruing to participants
under the Plan, (b) without the approval of the holders of a majority of
outstanding shares of IFF (except as provided in paragraph 11 above), increase
the aggregate numbers of shares available for options, or reduce the option
price below that provided for hereunder.AS REVISED TO FEBRUARY 17, 1995

                     INTERNATIONAL FLAVORS & FRAGRANCES INC.

                    DIRECTOR CHARITABLE CONTRIBUTION PROGRAM

I.    PROGRAM OVERVIEW

      A.    After the death of each participating Director*, it is the intention
of International Flavors & Fragrances Inc. (the "Corporation") to contribute
$500,000 to an eligible charitable or educational institution recommended by the
Director and an additional $500,000 to the IFF Foundation (the "Foundation"), to
be used for charitable contributions selected by the Foundation. The
contribution recommended by the Director will be made by the Corporation in his
or her name.

      B.    To finance the anticipated contributions in the Director's name and
by the Foundation, the Corporation will apply for life insurance covering each
Director. With respect to each Director serving on the effective date of the
Program, the Corporation will apply for the insurance promptly. The Corporation
will apply for the insurance with respect to each person becoming a Director
after the effective date of the Program promptly after his or her election. The
policy covering any Director will be a specifically designed joint life policy
under which two Directors will be insured. The Corporation will be the owner of
and the beneficiary under the policy.

      C.   The Program will benefit the Director, the charitable organization
and the Corporation.

_______________________
* All future references to Director will mean participating Director, except
where the context otherwise requires.

         1. By enabling the Director to recommend that a significant
            contribution be made in his or her name to an eligible charity or
            educational institution, the Program will assist the Director in
            accomplishing his or her charitable or educational contribution
            goals, with no commitment of personal resources.

         2. The charitable organization will receive from an extremely reliable
            source a substantial endowment that otherwise might not have been
            available to it.

         3. The Program will provide additional funds to enable the Corporation
            and the Foundation to make meaningful contributions to charitable
            and educational organizations, thereby enhancing the Corporation's
            public image, while at the same time creating an additional
            innovative method for attracting and retaining quality Directors.

II.   PARTICIPATION IN THE PROGRAM

      A.    With respect to Directors serving on the effective date of the
Program:

         1. Each non-employee Director will be fully vested in the Program on
            such date.

         2. Each employee director will be deemed fully vested in the Program at
            age 62, provided that he is serving as a Director at such date.

                                        2

      B.    With respect to persons becoming Directors after the effective date
of the Program:

         1. A non-employee Director will vest in the Program over a sixty-month
            period of service according to the following schedule:

          MONTHS OF SERVICE             DONATION TO DIRECTOR'S
            AS A DIRECTOR                 RECOMMENDED CHARITY
          ----------------              -----------------------

            Less than 24                          $0
                24-35                          $200,000
                36-47                          $300,000
                48-59                          $400,000
             60 or more                        $500,000

         2. Provided that an employee Director is serving as a Director at age
            62, he or she will vest in the Program on that date in accordance
            with the schedule in B.1 above, which will include service as a
            Director both before and after that date.

      C.    Notwithstanding A. and B. above, in the event a Director is
determined, in the sole discretion of the Corporation, not to be insurable, he
or she will be ineligible to, and will not, participate in the Program.

III.  OPERATION OF THE PROGRAM

      A.    Prior to the effective date of the Program (or, for a new Director,
at the time he or she is first elected as a Director), the Director and the
Corporation will enter into a Memorandum of Understanding which, among other
things, (1) will state the Corporation's intention to make a corporate
contribution in the Director's name following the Director's death, and (2) will
acknowledge the Director's participation in the Program.

                                        3

      B.    Directors will be paired as the Corporation may elect and each pair
of Directors will apply for a joint life insurance policy with the Corporation
as owner and beneficiary. Directors will be asked to complete necessary
enrollment forms and policy applications. The Secretary of the Corporation will
be available to assist any Director in completing the paperwork.

      C.    At the time a Director first becomes vested in the Program, the
Corporation will request the Director to complete a contribution form to
recommend one or more eligible charitable or educational institutions of his or
her choice to receive the amount of the eventual donation as to which the
Director is then vested and, if a Director selects more than one donee, the
amount to be given to each. No contribution may be for less than $100,000. Each
person becoming a Director after the effective date of the Program will be
requested to complete additional contribution forms as the amount of the
eventual donation in which he or she is vested increases.

      D.    Although the Corporation will give deference to Director
recommendations, the Corporation, in its sole discretion, reserves the right to
accept or reject any recommendation. An accepted recommendation will be
effective upon return to the Director of a copy of the contribution form.

      E.    A Director may revoke or revise a contribution recommendation at any
time by completing a new contribution form. The revocation or revision will be
effective when accepted by the Corporation by returning a copy of the
contribution form to the Director.

      F.    Any proceeds of insurance as to which a Director has not made a
recommendation which has been accepted by the Corporation will be paid to the
Foundation.

                                        4

      G.    The Corporation will pay all premiums on the life insurance policy
and all expenses of the Program.

      H.    After the death of a Director, the Corporation will make the
contribution to the recommended institution(s) in the Director's name.

      I.    After the death of the second Director insured under a policy, the
Corporation will receive the proceeds as beneficiary of the full policy covering
both Directors.

IV.   IMPLEMENTATION OF THE PROGRAM

      A.    The Program will become effective March 1, 1995.

      B.    A Director's rights and interests under the Program may not be
assigned or transferred.

      C.    The Program may be amended, suspended or terminated at any time by
the Board of Directors. Nothing contained in the Program will create a trust,
actual or constructive, for the benefit of a Director or any organization
recommended by a Director to receive a donation, or will give any Director or
recommended organization any interest in any assets of the Program or the
Corporation.

      D.    The Office of the Secretary of the Corporation will administer the
Program. A Director may seek assistance from or direct any questions about the
Program to the Secretary of the Corporation.

                                        5

                     INTERNATIONAL FLAVORS & FRAGRANCES INC.

                    DIRECTOR CHARITABLE CONTRIBUTION PROGRAM

                              QUESTIONS AND ANSWERS

1.    WILL PARTICIPATING DIRECTORS NEED TO QUALIFY FOR LIFE INSURANCE?

Yes. The requirements are minimal, however. Each Director will be asked to sign
a life insurance application, answer six health-related questions and a smoking
question, and provide details for certain avocations (e.g., scuba diving and
aviation). In addition, each Director will be asked to authorize Metropolitan
Life Insurance Company to obtain a report from his or her attending
physician(s).

2.    WILL A MEDICAL EXAMINATION BE REQUIRED?

Generally, only the information and authorization outlined in the response to
question 1 will be required. In certain instances, however--for example, where
the Director has not had a medical examination within 6-12 months prior to
completing the application--an examination may be required.

3.    WHAT WILL HAPPEN IF A DIRECTOR IS DETERMINED TO BE A HIGHER THAN STANDARD
LIFE INSURANCE RISK, IS A SMOKER, OR IS EVEN UNINSURABLE?

Joint life policies insuring two Directors permit more flexibility than
traditional single life policies. As a result, although the Corporation's
premium outlays may be higher for "rated" Directors and for smokers, it is
expected that a wide range of risks can be accommodated. Nevertheless,

                                        6

in the unlikely event that a Director were determined to be uninsurable, he or
she would be ineligible to participate in the Program.

4.    WHY DOES THE PROGRAM UTILIZE JOINT LIFE INSURANCE POLICIES?

Joint life policies have lower premiums than single life policies. Directors
will be paired under these policies on the most cost efficient basis for the
Corporation.

5.    WILL A DIRECTOR INCUR ANY DIRECT OR INDIRECT COSTS OR SUFFER ANY TAX
CONSEQUENCES AS A RESULT OF THE PROGRAM?

Under the Program, the Corporation will make a charitable contribution with its
own funds in the Director's name after the Director's death. All costs of the
Program--insurance policy premiums--will be paid by the Corporation and the
Corporation will be both the owner and the beneficiary of the policies. As a
result, there is no cost to a Director and, under current tax laws and
regulations, the Program should have no income or estate tax consequences to the
Director at any time.

6.    THE PROGRAM DESCRIPTION STATES THAT THE CORPORATION INTENDS TO MAKE A
CHARITABLE CONTRIBUTION AFTER THE DEATH OF EACH DIRECTOR, YET THE LIFE INSURANCE
PROCEEDS WILL NOT BE PAYABLE UNTIL THE DEATH OF THE SECOND INSURED UNDER EACH
POLICY. WHAT IS THE RELATIONSHIP BETWEEN THE LIFE INSURANCE AND THE ACTUAL
CONTRIBUTIONS?

As described in response to question 7, below, the insurance policies serve as
mechanisms to help finance the Program. In all cases, however, the charitable
contributions are made directly from the Corporation's general assets. The
contribution payments are not directly tied to the Corporation's receipt, as

                                        7

beneficiary, of the death benefits under the insurance policies.

7.    WHAT IS THE ROLE OF THE LIFE INSURANCE IN THE PROGRAM?

The life insurance enables the Corporation to finance efficiently its
anticipated future charitable contributions in the Director's name and by the
Foundation. The Director has neither an interest in nor any right to the
benefits from the life insurance on his or her life. Assuming that current
Federal tax laws relating to charitable contributions do not change, and if
certain other assumptions (e.g., mortality projections) are met, the Corporation
can reasonably expect to be reimbursed for all of its outlays for life insurance
premiums and the after-tax cost of its anticipated charitable contributions
pursuant to the Program.

8.    WHAT CHARITIES AND EDUCATIONAL INSTITUTIONS ARE ELIGIBLE FOR A DIRECTOR'S
RECOMMENDATION TO RECEIVE A CHARITABLE CONTRIBUTION UNDER THE PROGRAM?

The recommended recipient of a contribution under the Program must be an
established United States charitable or educational institution that meets the
definition of an Exempt Organization in Section 501(c)(3) of the Internal
Revenue Code and the regulations under it. Although the Corporation will give
deference to Director recommendations, the Corporation, in its sole discretion,
reserves the right at any time to accept or reject any recommendation.

9.   MAY A DIRECTOR RECOMMEND MORE THAN ONE RECIPIENT FOR PORTIONS OF THE
INTENDED CHARITABLE CONTRIBUTION?

Yes, but the minimum amount that a Director may recommend be contributed to any
one charitable institution is $100,000. As a result, the number of recommended
recipients for the total contribution cannot exceed five.

                                        8

10.   WILL THE CORPORATION NOTIFY INTENDED RECIPIENTS RECOMMENDED BY A DIRECTOR
FOR CHARITABLE CONTRIBUTIONS?

No, unless the Director specifically requests otherwise in writing to the
Corporation. Any intended recipient notified by the Corporation at the request
of a Director will also be informed of any revocation or revision of the
Director's recommendation and of any other event that will change the expected
donation, such as the death or disability of a Director prior to full vesting.

11.   WHOM CAN A DIRECTOR CALL FOR ASSISTANCE OR WITH QUESTIONS ABOUT THE
PROGRAM?

The Program will be administered by the Office of the Secretary of the
Corporation. A Director may call the Vice President and Secretary of the
Corporation for assistance or with questions about any aspect of the Program,
including the eligibility of a recommended recipient of a contribution.

                                        9

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