This SEPARATION AGREEMENT (this "Agreement") is entered into as of the 31st day of March, 2003
between Robert J. Gordon (the "Employee"), and International Flavors & Fragrances Inc., a New York
corporation (the "Company").
W I T N E S S E T H
WHEREAS, the Employee is employed by the Company as Vice President, Global Account Sales; and
WHEREAS, the Company and the Employee have agreed that the Employee's employment with the Company
shall terminate on September 30, 2005 (the "Separation Date"); and
WHEREAS, the Employee and the Company now desire to enter into an agreement in respect of the Employee's
separation from the Company as hereinafter set forth,
NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, the Employee and
the Company agree as follows:
1. CONTINUATION OF EMPLOYMENT; DUTIES. Until the Separation Date, the Employee shall remain a
full-time employee of the Company. Effective immediately, however, the Employee shall resign as Vice President,
Global Account Sales, and as a director and/or officer of all entities controlled directly or indirectly by the
Company (together with the Company, the "Company Group") of which he has served as a director and/or
officer prior to the date of this Agreement. The Employee understands that from and after April 30, 2003 the
Company will no longer maintain an office for the Employee at the Hazlet, New Jersey or any other Company
Group facility. Thereafter, until the earlier of the Separation Date or until the Employee obtains new
"Employment," as hereinafter defined, the Employee shall perform such duties commensurate with his skills as
Richard A. Goldstein, Chairman and Chief Executive Officer, may reasonably assign to him, provided that such
duties shall not unreasonably interfere with the Employee's other activities.
2. TERMINATION OF EMPLOYMENT RELATIONSHIP. On the Separation Date the Employee's
employment with all members of the Company Group shall terminate.
3. CONSIDERATION TO T