WITH COPYTO function

Just a quick question for the sqlbackup WITH COPYTO function. I have some backup jobs setup via the wizard. The wizard generated the following set of code:

DECLARE @exitcode int
DECLARE @sqlerrorcode int
exec master..sqlbackup N'-SQL "BACKUP DATABASES EXCLUDE [master, msdb, model]  TO DISK = ''E:\Backups\env\usr_db_full\dev02\<AUTO>'' WITH NAME = ''<AUTO>'', DESCRIPTION = ''<AUTO>'', PASSWORD = ''<ENCRYPTEDPASSWORD>REMOVED</ENCRYPTEDPASSWORD>'', KEYSIZE = 256, ERASEFILES = 2, COMPRESSION = 3, THREADS = 1"', @exitcode OUTPUT, @sqlerrorcode OUTPUT
IF (@exitcode <>0) OR (@sqlerrorcode <> 0)
BEGIN
  RAISERROR ('SQL Backup job failed with exitcode: %d  SQL error code: %d', 16, 1, @exitcode, @sqlerrorcode)
END

Would I modify that code to look like this?

DECLARE @exitcode int
DECLARE @sqlerrorcode int
exec master..sqlbackup N'-SQL "BACKUP DATABASES EXCLUDE [master, msdb, model]  TO DISK = ''E:\Backups\env\usr_db_full\dev02\<AUTO>'' WITH NAME = ''<AUTO>'', DESCRIPTION = ''<AUTO>'', COPYTO = ''\\server\to\copy\to'', PASSWORD = ''<ENCRYPTEDPASSWORD>REMOVED</ENCRYPTEDPASSWORD>'', KEYSIZE = 256, ERASEFILES = 2, COMPRESSION = 3, THREADS = 1"', @exitcode OUTPUT, @sqlerrorcode OUTPUT
IF (@exitcode <>0) OR (@sqlerrorcode <> 0)
BEGIN
  RAISERROR ('SQL Backup job failed with exitcode: %d  SQL error code: %d', 16, 1, @exitcode, @sqlerrorcode)
END

Pretty lame question, I know but I tried it in version 3.x and it didn't work right.

thanks.