EX-10.24 4 dex1024.htm AMENDMENT TO EMPLOYMENT AGREEMENT WITH JEAN-CLAUDE KUNZ Amendment to Employment Agreement with Jean-Claude Kunz

Exhibit 10.24




To: Jean-Claude KUNZ

   Lausanne, April 4, 2008

Dear Jean-Claude,

We are pleased to confirm, effective as of April 1, 2008, that your annual base salary is being increased


from CHF


to CHF


Your new annual base salary also includes the merit increase.

Your salary Band has been changed and is now C.

Following the change in salary and Band, your new Position in Range will be now 29%. Your Position Title of President EEMA Region & PMI Duty Free remains unchanged. You will report to André Calantzopoulos, Chief Operating Officer.

Please note that your salary will next be reviewed on April 1, 2009.

All other conditions relating to your employment with Philip Morris International Management S.A. remain as stated in your letter of employment issued at the time of the engagement and, if applicable, in any subsequent amendments.

We take this opportunity of wishing you continued success and satisfaction.


   Yours sincerely,

Peter-Paul Adriaansen


Director HR Decision Support & Business

Partner Switzerland

Copy : A. Calantzopoulos

ref: cc


Philip Morris International Management S.A.


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