Amendment to Employment Agreement between Philip Morris International Management SA and Andre Calantzopoulos (April 1, 2012)

Summary

Philip Morris International Management SA has amended the employment agreement with Andre Calantzopoulos, effective April 1, 2012, to increase his gross base salary by 3%. The new annual salary is CHF 1,476,150, and the monthly salary is CHF 113,550. All other terms and conditions of his employment remain unchanged. This amendment is considered a continuation of his existing employment agreement.

EX-10.21 3 pm-ex1021_123112xq4.htm AMENDMENT TO EMPLOYMENT AGREEMENT WITH ANDRE CALANTZOPOULOS PM-EX10.21_12.31.12-Q4

Exhibit 10.21

[LETTERHEAD OF PHILIP MORRIS INTERNATIONAL]

PERSONAL AND CONFIDENTIAL

HAND DELIVERY

To: Andre Calantzopoulos Lausanne, April 1, 2012

Dear Andre,

Further to your annual performance assessment and discussion with your supervisor, we are pleased to confirm that effective April 1, 2012, your gross base salary is being increased by 3%

from CHF 1'433'146.-- p.a.* CHF 110'242.-- p.m.*

to CHF 1'476'150.-- p.a.* CHF 113'550.-- p.m.*

Your new Position in Range as a result of this salary increase will be 53%.

It is agreed and understood that this letter will for all purposes be regarded as a continuation of your employment with Philip Morris International Management SA.

All other conditions relating to your employment Philip Morris International Management SA remain as stated in your employment contract and, if applicable, in any subsequent amendments.

We would like to take this opportunity to wish you continued success and satisfaction.

Yours sincerely,

PHILIP MORRIS INTERNATIONAL MANAGEMENT SA

/s/ NICOLA ARTINGSTALL RAVUSSIN

Nicola Artingstall Ravussin

Director Human Resources

Business Partner Switzerland

*p.a. = annual

*p.m. = monthly

Philip Morris International Management SA, Avenue de Rhodanie 50, 1007 Lausanne, Switzerland

T:+41 (58) 242 00 00, F: +41 (58) 242 01 01, W: www.pmi.com