Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - ALBEMARLE CORPexhibit9911231201710-k.htm
EX-32.2 - EXHIBIT 32.2 - ALBEMARLE CORPexhibit3221231201710-k.htm
EX-32.1 - EXHIBIT 32.1 - ALBEMARLE CORPexhibit3211231201710-k.htm
EX-31.2 - EXHIBIT 31.2 - ALBEMARLE CORPexhibit3121231201710-k.htm
EX-31.1 - EXHIBIT 31.1 - ALBEMARLE CORPexhibit3111231201710-k.htm
EX-23.1 - EXHIBIT 23.1 - ALBEMARLE CORPexhibit2311231201710-k.htm
EX-21.1 - EXHIBIT 21.1 - ALBEMARLE CORPexhibit2111231201710-k.htm
EX-12.1 - EXHIBIT 12.1 - ALBEMARLE CORPexhibit1211231201710-k.htm
EX-10.43 - EXHIBIT 10.43 - ALBEMARLE CORPexhibit104312-31x201710xk.htm
EX-10.40 - EXHIBIT 10.40 - ALBEMARLE CORPexhibit10401231201710-k.htm
EX-10.39 - EXHIBIT 10.39 - ALBEMARLE CORPexhibit10391231201710-k.htm
10-K - 10-K - ALBEMARLE CORPa1231201710-kdocument.htm


Exhibit 10.38
FIFTH AMENDMENT
TO THE
ALBEMARLE CORPORATION
EXECUTIVE DEFERRED COMPENSATION PLAN

In accordance with Section 12.1 of the Albemarle Corporation Executive Deferred Compensation Plan, as Amended and Restated Effective January 1, 2013 (the "Plan"), the Plan is hereby amended as follows:
1.Effective December 1, 2016, the parenthetical language in subparagraph 2 of Section 12.2(b) of the Plan is amended to read as follows-- "(as defined in Appendix A hereto or as described in the last paragraph of this Section 12.2)."
2.Effective December 1, 2016, Section 12.2 of the Plan is further amended to add the following paragraph at the end thereof:
"For purposes of subparagraph 2 of Section 12.2(b), in the event of a scale of all of the stock of a wholly-owned subsidiary of the Company which shall constitute a qualifying Change in Control under Section 409A, a termination and liquidation of the Plan shall automatically occur with respect to all Plan Participants who experience such Change in Control event. This paragraph shall apply to a qualifying Change in Control that occurs on or after December 1, 2016."
3.The provisions of this Fifth Amendment shall be effective as of December 1, 2016.
IN WITNESS WHEREOF, the Corporation by its duly authorized officer has caused these presents to be signed this 13th day of March, 2017.
ALBEMARLE CORPORATION
By:
/s/ Karen G. Narwold