Exhibit 10.1--Letter Agreement between McCormick and Charles P. McCormick, Jr. February 2, 1999 Mr. Charles P. McCormick, Jr. 6761 S.E. North Marina Way Stuart, Florida 34996 Dear Buzz: This letter will amend the letter agreement between you and the...Letter Agreement • February 24th, 1999 • McCormick & Co Inc • Miscellaneous food preparations & kindred products
Effective December 1998, your monthly stipend will increase from Seven Thousand Eight-Three Dollars and Thirty-Three Cents ($7,083.33) to Seven Thousand Two Hundred Seventy-Eight Dollars and Eight-Three Cents ($7,278.83). Said monthly payments will be made for the months of December 1998, January 1999, February 1999 and March 1999. In addition, based on Company performance in 1999, you will receive a payment of $20,000 multiplied by the same performance factor used for corporate executives in the Management Incentive Bonus Plan.
