EX-10.16
MCCORMICK & CO INC
Exhibit 10(xvi)
RETENTION AWARD AGREEMENT
This Retention Award Agreement (hereinafter, the “Agreement”) is made by and between McCormick & Company, Inc., its subsidiaries, predecessors, successor, related entities, and affiliates (collectively, the “Company”) and _________ (“Employee”).
WHEREAS, the Company has entered into that certain Agreement and Plan of Merger, dated as of March 31, 2026, by and among the Company, Unilever PLC, Unilever Alpha HoldCo B.V., Sandman Corporation, Morpheus Merger Sub I Corp., and Morpheus Merger Sub II, LLC (the “Merger Agreement”);
WHEREAS, pursuant to the Merger Agreement and subject to the conditions set forth in the Merger Agreement, the Company will combine with Unilever PLC’s foods business, with such foods business surviving as a wholly owned subsidiary of the Company (the “Transaction”);
WHEREAS, the Company has identified Employee as critical to the long-term success of the Company and the Transaction; and
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