On April 1, 2009, McCormick & Company, Incorporated (NYSE:MKC) will
amend its policy regarding the personal use of corporate aircraft to
provide that the Company will no longer provide its executive officers
with a gross-up to cover the individual income tax incurred when the
corporate aircraft is used for personal purposes (to include spousal
travel on business trips). Previously, the policy provided that
executive officers would receive a gross-up for the tax associated with
the value of the personal usage, including the value of spousal travel
if it was requested by McCormick.
About McCormick
McCormick & Company, Incorporated is a global leader in the manufacture,
marketing and distribution of spices, seasonings, specialty foods and
flavors to the entire food industry – retail outlets, food manufacturers
and food service businesses.
McCormick & Company, Incorporated
Corporate Communications:
John
McCormick, 410-771-7110
john_mccormick@mccormick.com
or
Investor
Relations:
Joyce Brooks, 410-771-7244
joyce_brooks@mccormick.com
