Document:

INTERNATIONAL FLAVORS & FRAGRANCES INC.

                          EXECUTIVE DEATH BENEFIT PLAN

                             Effective July 1, 1990

                                    ARTICLE I

                               PURPOSE OF THE PLAN

      1.01 The purpose of the Plan is to assist the Company in attracting and
retaining qualified executive and creative employees and to provide eligible
employees with increased death benefits during employment with the Company
and/or after retirement.

                                   ARTICLE II

                                   DEFINITIONS

      2.01 "Annual Base Salary" shall mean the basic annual rate of a
Participant's compensation (before making any reductions pursuant to an
effective Cash or Deferred Wage and Salary Conversion Agreement under the
International Flavors & Fragrances Inc. Retirement Investment Fund Plan), in
effect for him or her on the first day of the Plan Year, but excluding bonuses,
commissions and all other forms of compensation or benefits including additional
compensation from this Plan and any amount contributed for him or her by the
Company to any public or private employee benefit plan.

      2.02 "Basic Insurance Plan" shall mean the basic group term life insurance
plan for employees and retirees maintained by the Company at its expense to
provide noncontributory life insurance coverage based on annual earnings (as
that term is defined in the Basic Insurance Plan), as such plan may be amended,
modified or replaced from time to time.

      2.03 "Beneficiary" shall mean the individual or entity designated by the
Participant to receive the death benefit payable under the Plan upon the
Participant's death. If no such designation is made, or if the designated
individual predeceases the Participant or the entity no longer exists, then the
Beneficiary shall be the Participant's estate.

      2.04 "Company" shall mean International Flavors & Fragrances Inc.

      2.05 "Effective Date" shall mean July 1, 1990

      2.06 "Eligible Employee" shall mean an individual who is employed by the
Company or one of its subsidiaries on or after the Effective Date and who, (a)
is a participant in either the Company's Management

Incentive Compensation Plan ("MICP") or Special Executive Bonus Plan ("SEBP"),
(b) is a participant in the Basic Insurance Plan, (c) has not yet attained the
age of 70 and (d) has submitted to the Insurer a properly completed application
for life insurance under this Plan.

      2.07 "Entrance Date" shall mean that date on which an Eligible Employee
first becomes a Participant. The first Entrance Date, as regards any Eligible
Employee, shall be the later of the Effective Date or the date of acceptance by
the Insurer of such Eligible Employee's application for life insurance under
this Plan. Beginning with the year 1991, subsequent Entrance Dates as regards
any additional Eligible Employee(s), shall be the February 1 coinciding with or
following the date of acceptance by the Insurer of their application for life
insurance under this Plan.

      2.08 "Insurer" shall mean that independent company from time to time
issuing to the Company written split-dollar life insurance policies on the lives
of Participants in accordance with the terms of the Plan.

      2.09 "Participant" shall mean each Eligible Employee during his or her
employment by the Company or one of its subsidiaries on and after the Entrance
Date, who has not attained the age of 70 and who is accepted by the Insurer as
insurable for life insurance.

      2.10 "Plan" shall mean this Executive Death Benefit Plan.

      2.11 "Plan Committee" shall mean the committee appointed by the Chief
Executive Officer of the Company to administer the Plan.

      2.12 "Retired Participant" shall mean each Participant or Senior
Participant who leaves the employ of the Company or one of its subsidiaries at a
time when he or she is eligible to receive an immediate Early, Normal, or
Deferred Pension, or, upon attaining age 65, a Disability Pension from the
Company's qualified pension plan.

      2.13 "Senior Participant" shall mean each Participant, during his or her
employment by the Company or one of its subsidiaries, who has attained the age
of 70.

                                   ARTICLE III

                            BENEFITS TO PARTICIPANTS

      3.01 The death benefit payable to each Participant's beneficiary under the
Basic Insurance Plan shall be reduced to $50,000 during the period prior to
termination of employment with the Company and to $12,500 upon becoming a
Retired Participant. The Company may require any Eligible Employee, as a
condition of becoming a Participant, to deliver an instrument signed by him or
her waiving benefits under the Basic Insurance Plan in excess of $50,000 as long
as the Eligible Employee shall be a Participant or Senior Participant in this
Plan. No such waiver and no provision of this Plan shall adversely affect such
Participant's right to be reinstated in the Basic Insurance Plan, upon the
termination of this Plan, if such other plan shall then be in effect.

      3.02 The Company shall purchase and have all ownership rights (except as
otherwise provided under Section 3.04 of this Plan) to a split dollar insurance
policy on the life of each Participant. Such policy shall provide a death
benefit equal to the excess of twice the Participant's Annual Base Salary on the
first day of the Plan Year in

which death shall occur over the death benefit provided by the Basic Insurance
Plan. Upon the death of a Participant, death benefit under such policy shall be
paid by the Insurer to the Participant's Beneficiary designated as provided in
Section 3.04 of this Plan. Upon a Participant's attaining the status of a Senior
Participant or Retired Participant, whichever shall first occur, his or her
Beneficiary designation(s) and/or any Beneficiary designations made by his or
her assignee under Section 3.04 of this Plan shall lapse, and upon the Retired
or Senior Participant's death, the entire death benefit under such policy shall
be paid by the Insurer to the Company.

      3.03 All premiums on each policy described in 3.02 above shall be paid by
the Company for the respective accounts of all Participants. The imputed income
to each Participant shall be determined in accordance with Internal Revenue
Service Ruling 66-110 (1966-1 CBl2), or applicable Federal tax laws, regulations
or rulings which may be subsequently published relating to split dollar life
insurance programs. The Company will record this portion of the premium as
additional taxable compensation to each Participant.

      3.04 Each Participant or his or her assignee shall have the right to
designate the Beneficiary(ies) of the death benefit under the policy on his or
her life described in Section 3.02 by a signed writing delivered to the Plan
Committee and the right during the Participant's employment with the Company or
any subsidiary to change the Beneficiary designation at any time by a similar
writing. Notwithstanding the foregoing, a Participant may, during the
Participant's employment with the Company, irrevocably assign his or her right
to designate and change Beneficiary(ies) under the policy by a signed writing
delivered to the Plan Committee prior to the Participant's death.

      3.05 All benefits to a Participant, his or her assignee or
Beneficiary(ies) under this Article III shall cease upon the earlier of (a) the
termination of his or her employment with the Company or any subsidiary for any
reason other than death or (b) the Participant's becoming a Senior Participant.
If a Participant terminates his or her employment with the Company or any
subsidiary prior to age 55, the Company shall use its best efforts to have the
Insurer offer to such Participant the opportunity to purchase all ownership
rights in the insurance policy on his or her life at its cash surrender value.

                                   ARTICLE IV

                   BENEFITS TO RETIRED AND SENIOR PARTICIPANTS

      4.01 Within 30 days after receipt by the Company of a signed written
notice of intent to retire from a Participant who will qualify upon the
indicated retirement date as a Retired Participant under the provisions of
Section 2.12 of this Plan, and, if earlier, at least 60 days prior to a
Participant's attaining age 70, the Company shall execute and deliver to such
Participant a supplemental death benefit agreement containing the Company's
written promise, effective upon the Participant's attaining the status of
Retired Participant or Senior Participant, as the case may be, to pay to the
Beneficiaries of the Participant, upon the Participant's death, a death benefit
in an amount equal to that provided in Section 4.02 of this Article IV, which
agreement, upon execution by such Participant and return to the Company within
15 days after its receipt shall be binding upon the Company and the Participant.
Whether or not such agreement is executed and returned to the Company, upon
attaining the status of Retired Participant or Senior Participant, such Retired
or Senior Participant and his or her assignee or Beneficiary(ies) shall have no
rights in or under the split dollar insurance policy on his or her life, such
persons' rights under this Plan being limited to those set forth in said
supplemental death benefit agreement if executed and returned. The Company's
obligation to make payments under such supplemental death benefit

agreements may be delegated, irrevocably or otherwise, to a third party who may
be the Insurer.

      4.02(a) The amount of the death benefit provided under Section 4~0l shall
be a multiple of the Retired Participant's or Senior Participant's Annual Base
Salary on the first day of the Plan Year prior to his or her attaining the
status of Retired Participant or Senior Participant, whichever first occurs. The
resultant amount shall be reduced by $12,500 in the case of a Retired
Participant, and by $50,000 in the case of a Senior Participant while in Senior
Participant status.

If immediately prior to attaining the status of Retired Participant or Senior
Participant, the Participant was a participant in the Company's MICP, such
multiple shall be two; otherwise the multiple shall be one. In no event,
however, shall the aggregate death benefit payable to the Beneficiary(ies) of a
Senior Participant (including the portion payable from the Basic Insurance Plan)
be less than $135,000 if death occurs while he or she is in the status of Senior
Participant.

      4.02(b) The amount of the death benefit payable under this plan to the
Beneficiary of a Retired Participant who did not have twenty (20) or more years
of employment with the Company and any of its subsidiaries at the date of his or
her retirement shall be reduced at the rate of 5% for each year or fraction
thereof that such years of employment were less than twenty (20). The maximum
reduction under this sub-section shall be 50%. No reduction shall be made under
this sub-section in the benefit paid under the Basic Insurance Plan.

      4.03 Each Retired Participant and each Senior Participant shall have the
right to designate the Beneficiary(ies) of the death benefit under the
supplemental death benefit agreement described in Section 4.01 by a signed
writing delivered to the Plan Committee and the right during the Retired
Participants or Senior Participant's lifetime to change the Beneficiary
designation at any time by a similar writing.

                                    ARTICLE V

                                 ADMINISTRATION

      5.01 The Plan Committee shall be the fiduciary and, as such, shall have
full responsibility and authority to interpret, control and administer the Plan
and agreements entered into with Participants pursuant to the Plan, including
the power to amend the Plan as provided in Section 6.02 hereof, the power to
promulgate rules of Plan administration, the power to investigate and settle any
disputes as to rights or benefits arising under the Plan and such agreements,
the power to appoint agents, accountants and consultants, the power to delegate
the Committee's duties, the power to issue instructions to the Insurer, and the
power to make such other decisions or take such other actions as the Plan
Committee, in its sole discretion, deems necessary or advisable to aid in the
proper administration of the Plan. Actions and determinations by the Plan
Committee shall be final, binding and conclusive, subject to the review
procedure in Section 5.03 of this Plan, for all purposes of this Plan, unless
clearly contradictory to law or an express provision hereof.

      5.02 Without limitation, the Company shall have the power and authority to
transfer ownership of life insurance policies to terminating Participants, as
provided in Section 3.05, or to a trust subject to the claims of the Company's
general creditors and to execute and deliver written agreements binding the
Company to pay death benefits as provided in Section 4.01.

      5.03 Any Participant, Beneficiary or other person (hereafter called
"Claimant") claiming any benefit under this Plan may submit a written claim to
the Plan Committee specifying the particular benefit claimed. If any benefit
claimed under this Plan is denied in whole or in part, the Plan Committee shall
give written notice of the denial to the Claimant within a reasonable period of
time following receipt of the claim by the Plan Committee. Such written notice
to the Claimant shall set forth the specific reason(s) for denial of the benefit
claimed in a manner calculated to be understood by the Claimant. In addition,
the written notice shall specifically refer to the pertinent provisions of the
Plan or other document on which the denial is based. If additional material or
information is necessary for the Claimant to perfect the claim, then a
description of such material or information and an explanation of any such
material or information as is necessary shall be set forth in the written
notice.

      The Claimant may then, within 60 days following receipt of the written
notice of denial, file with the Plan Committee any additional evidence bearing
on his or her claim and a written request for a review of the denial of the
benefit. As part of the review procedure, the Claimant or his or her duly
authorized representative may review pertinent documents. Within 60 days
following receipt of a request for review, unless special circumstances require
a further extention of time but in no event later than 120 days after a receipt
of a request for review, the Plan Committee shall conduct a full and fair review
of the initial decision denying the benefit and mail to the Claimant is written
in a manner calculated to be understood by the Claimant as well as specific
references to the pertinent provisions of the Plan or other document on which
the decision is based.

If the benefit or claim under review arises under a life insurance policy issued
by the Insurer, the Plan Committee shall, as part of the review, obtain from the
Insurer, a determination of the reason or reasons for the denial of the benefit
or claim under the relevant insurance policy based upon all evidence available
to the Plan Committee and the Insurer.

                                   ARTICLE VI

                AMENDMENT, SUSPENSION OR TERMINATION OF THE PLAN

      6.01 The Board of Directors of the Company may from time to time amend,
suspend or terminate the Plan, in whole or in part.

      6.02 The Plan Committee also may from time to time amend the Plan as may
be needed (a) to comply with applicable tax or welfare benefit plan laws,
regulations or rulings related to split dollar life insurance programs or
otherwise or (b) to resolve ambiguities in the Plan or related documents, but no
such amendment by the Plan Committee shall alter, expand or contradict the
intent of the authorizing resolutions adopted by the Company's Board of
Directors on March 13, 1990.

      6.03 No amendment, suspension or termination of the Plan shall materially
adversely affect (a) the payment of a death benefit already due under the Plan
as the result of the death of a Participant prior to the date of adoption of
such amendment, suspension or termination, or (b) the rights of any Retired
Participant or Senior Participant or his or her Beneficiary(ies) under a
supplemental death benefit agreement entered into prior to the date of adoption
of such amendment, suspension or termination of the Plan.

                                   ARTICLE VII

                                     FUNDING

      7.01 No promise of payment of benefits by the Company under this Plan
shall be secured by any specific assets of the Company, nor shall any assets of
the Company be designated as attributable or allocated to the satisfaction of
such promise, except that the Company undertakes to purchase a split dollar
insurance policy on the life of each Participant as described in 3.02, subject
to acceptance by the Insurer. Benefit payments by the Company shall be made from
the Company's general assets.

                                  ARTICLE VIII

                               GENERAL PROVISIONS

      8.01 No benefit under the Plan shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or
charge, except by will or the laws of descent and distribution and, except as
provided in Section 3.04 of this Plan, any attempt thereat shall be void. No
such benefit shall, prior to receipt thereof, be in any manner liable for or
subject to the debts, contracts, liabilities, engagements or torts of any
Participant or his or her Beneficiaries.

      8.02 This Plan shall inure to the benefit of, and be binding upon, the
Company and each Participant, and upon the successors and assigns of the Company
and of each Participant.

      8.03 The Company or the Insurer shall deduct from the amount of any
payments hereunder all taxes required to be withheld by applicable laws.

      8.04 This Plan shall be governed by, and construed in accordance with, the
laws of the State of New York.

      8.05 The Insurer selected by the Plan Committee shall be a reputable
insurance company in good standing and authorized to issue split dollar life
insurance policies under the laws of the State of New York, but the Company does
not guarantee the payment or performance by the Insurer of the Insurer's
obligations under any life insurance policies issued by it.

      8.06 Except for the first "short" Plan Year beginning July 1, 1990 and
ending January 31, 1991, each Plan Year shall begin on February 1 of one
calendar year end on January 31 of the succeeding calendar year.INTERNATIONAL FLAVORS & FRAGRANCES INC.

                         1997 EMPLOYEE STOCK OPTION PLAN

      INTERNATIONAL FLAVORS & FRAGRANCES INC., a New York corporation (herein
together with its subsidiaries and subsidiaries which become such after the
adoption of the Plan called "IFF"), hereby establishes the 1997 Employee Stock
Option Plan (herein called the "Plan") on the following terms and conditions:

      1. Purpose: To promote the best interests of IFF and its shareholders by
providing methods by which officers and key employees of IFF may acquire a
proprietary interest in IFF, thus identifying their interests with those of the
shareholders and encouraging them to make greater efforts on behalf of IFF.

      2. Method of Adoption: By the favorable vote of at least two-thirds of the
Board of Directors of IFF (herein called the "Board") subject to the approval of
the holders of a majority of IFF shares.

      3. Term: Options may be granted at any time and from time to time, from
the date of adoption of the Plan by the Board, subject to the approval of the
Plan by the shareholders of IFF within 12 months after the Plan is adopted, to
May 8, 2007, but no stock option shall extend for a term of more than ten years
from the date of its grant.

      4. Number of Shares: The Plan shall cover an aggregate of three million
five hundred thousand (3,500,000) shares of Common Stock of IFF of the par value
of $.12-1/2 each. The maximum aggregate number of shares that may be granted
under this Plan during its term to any "Participant", as defined in Section 6
hereof, shall be five hundred thousand (500,000) shares (the "Individual Cap").
Either authorized and unissued shares or treasury shares maybe 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 such price as shall be fixed by the Stock
Option and Compensation Committee of the Board or such other Committee or a
subcommittee of a committee as may be appointed by the Board to administer the
Plan (herein called the "Committee"), but not less than the fair market value
thereof at the time of granting the option. Upon exercise of any stock option
the Participant may pay for the stock covered by the stock option and/or may pay
for any tax withholding resulting from such exercise by delivery of Common Stock
of IFF, providing the Participant has held such Common Stock for at least six
months, or such longer period as determined by the Committee. The Committee may

also allow payment upon exercise of any option by any other means which the
Committee determines to be consistent with the Plan's purpose and applicable
law.

      6. Eligibility: Any officer or key employee of IFF designated by the
Committee (any such officer or key employee is referred to in this Plan as a
"Participant").

      7. Employment at the Time of Each Purchase: Any stock option may be
exercised by any Participant only so long as he or she remains in the employ of
IFF; provided that if a Participant voluntarily resigns with the consent of the
Board, if he becomes totally disabled or if he or she retires, 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
Participant was entitled to purchase pursuant to Section 9 hereof at the date of
such resignation, disability or retirement. Authorized leaves of absence for
military or governmental service or other purposes approved by the Committee
will be deemed a continuation of employment for purposes of the Plan, and
modifications or extensions of the periods of the option agreement or otherwise
may be made by the Committee. If a Participant dies while employed by 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
Participant was entitled to purchase pursuant to Section 9 hereof 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
Participant's death bears to the number 1460, less any shares previously
purchased under the option.

      8. Individual Options: Notwithstanding any other provision hereof, the
selection of Participants and decisions concerning the timing, pricing, and the
number of shares covered by individual stock options shall be made solely by the
Committee. Unless otherwise determined by the Committee at the time of grant,
options granted hereunder to Participants subject to United States taxation
shall be deemed to be "incentive stock options" to the extent permitted under
Section 422 of the Internal Revenue Code, as amended (the "Code"), and the
balance of such options shall be deemed not to be incentive stock options.

      The Committee may authorize the grant of an additional automatic option
("reload option") effective on the date of exercise by a Participant of an
already outstanding option under this Plan, on such terms and conditions as the
Committee shall determine. Unless otherwise provided by the Committee, the
number of shares subject to a reload option granted to a Participant with
respect to the exercise of an option shall not exceed the number of shares
delivered by the Participant in payment of the option price of such option,

and/or in payment of any tax withholding resulting from such exercise. A reload
option shall have an option price of not less than 100% of the per share fair
market value on the date of grant of such reload option, and shall be subject to
all other terms and conditions of the original grant, including the expiration
date, and to such additional terms and conditions as the Committee in its sole
discretion shall determine. Notwithstanding the foregoing, any rights a
Participant may have to a reload option under a stock option agreement or
otherwise shall be subject to (a) the availability of shares under the Plan, and
(b) the Individual Cap of such Participant.

      9. Exercise of Options: The stock options 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. Stock
certificates will be issued as the stock options are exercised and the shares
are paid for.

      10. Rights of Participants Before Issuance of Stock Certificates: No
Participant shall have any rights as a shareholder with respect to any shares
covered by his or her stock option until the date of the issuance of the stock
certificate to him or her for such shares following his or her 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 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 Participant 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
Participant may also be appropriately adjusted.

      12. Nonassignability: No option shall be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the
laws of descent and distribution. All options granted to a Participant shall be
exercisable during his or her lifetime only by such Participant.

      13. Administration: The Plan shall be administered by vote of a majority
of the Committee, all of the members of which shall be "outside directors" as
that term is defined in Section 162(m) of the Code, but no Board member who is
to be considered as a Participant in the Plan shall take part in the
deliberations or vote with respect to his own participation.

      14. 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 Participant given by the
surviving corporation, an option under the Plan 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 Committee may approve. The terms of such
agreements shall comply with the applicable terms of the Plan outlined herein.

      16. Interpretation: In the event of any difference of opinion between a
Participant and IFF concerning the meaning or effect of the Plan, such
difference shall be resolved by the Committee.

      17. Compliance with Applicable Laws: 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.

      18. 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, provided that the Board may
not, without the approval of the holders of a majority of outstanding shares of
IFF (except as provided in paragraph 11 above), increase the aggregate number of
shares available for options, change the employees or class of employees
eligible to become Participants, reduce the option price below that provided for
hereunder, or make any change requiring shareholder approval under Section
162(m) of the Code.

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