Philip Morris International Inc. Amended and Restated Automobile Policy (as of March 10, 2021)
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Summary
Philip Morris International Inc. has an automobile policy for key executives, offering them the use of company-owned or leased vehicles for business and personal use, or alternatively, a cash allowance, a travel pass for themselves and their families, or a mobility package with a travel pass and an electric vehicle. Executives must report any taxable benefits from this policy on their annual tax returns. The policy outlines the options and obligations related to executive transportation benefits.
EX-10.15 8 pm-ex1015.htm EX-10.15 Document
Exhibit 10.15
PHILIP MORRIS INTERNATIONAL INC. AMENDED AND RESTATED
AUTOMOBILE POLICY
(as of March 10, 2021)
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, a travel pass for the executive and his or her partner/family members, or a mobility package combining a travel pass for the executive only and an electric vehicle is provided instead. Such executives are required to include any taxable benefit under this policy in their annual tax returns.
