Philip Morris International Inc. Amended and Restated Automobile Policy, dated as of October 1, 2019
EX-10.16 4 pm-ex1016_123120xq4.htm EX-10.16 Document
PHILIP MORRIS INTERNATIONAL INC. AMENDED AND RESTATED
(as of October 1, 2019)
The Registrant has a policy under which company owned or leased automobiles are provided to key executives for business use when required and for personal use at other times, or at any executive’s election, a cash allowance or travel pass is provided instead. Such executives are required to include any taxable benefit under this policy in their annual tax returns.