Exhibit 10.9

                                        (Translated from Dutch into English)

                                        GROUP INSURANCE PRECAUTIONARY PLAN

                                                Special stipulations



                                                        registered to




                                                CYTEC SURFACE SPECIALTIES NV









        Precautionary plan no. 07.3705
        Drawn up on: 08.08.2005






















                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


<PAGE>
                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN






NAME OF THE FIRM


CYTEC SURFACE SPECIALTIES NV

Anderlechtstraat 133
1620 DROGENBOS




PRECAUTIONARY PLAN NO.

07.3705


INITIATION DATE


March 1, 2005


AGENCY

This precautionary plan replaces the plan in effect on December 31, 2004 for the
members of the Executive Committee of NV SURFACE SPECIALTIES (07.3571).

Failing any written notice to the contrary from the subscriber, the previously
existing clauses that modify any benefit allotment also apply to the employer
contribution contract in this plan.

Any contracts ensuing from this plan shall serve, if necessary, as a guarantee
of possible policy advances allotted by the company on the previously existing
contracts.


SUBSCRIBER CATEGORY

Members of the Executive Committee of CYTEC SURFACE SPECIALTIES NV.

EXECUTIVE COMMITTEE refers to the committee that directs the Group and sees to
proper functioning of the current management. It consists of the CEO and the
General Directors.

CEO refers to each person appointed as delegated administrator.










AXA-BB                                                                      2/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN





SUBSCRIPTION CONDITIONS

Whatever the conditions stipulated below may be, they cannot have the result of
postponing subscription until after the person to be insured reaches the age of
25.

-    subscribers must be employed by the company at the time this plan takes
     effect or later, on the basis of an employment agreement signed for a
     definite or indefinite duration and must hold a mandate as a member of the
     Executive Committee in the company.

Subscription goes into effect starting on the first day of the month following
the one in which the subscription conditions are met and not before this
precautionary plan is initiated.












AXA-BB                                                                      3/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN







DESCRIPTION OF THE PLAN
-----------------------


1 - PREMIUMS
--------------------------------------------------------------------------------


1.1. DESCRIPTION OF THE PREMIUMS

-    THE ANNUAL EMPLOYER CONTRIBUTION TO THE PENSION to be paid by the company
     is x % x PAS x coefficient

     in which

     THE PENSIONABLE ANNUAL SALARY (PAS) refers to:


FOR THE EMPLOYEES:
------------------

-    if a subscriber performs effectively for 12 months during the year that
     serves as the calculation base: PAS refers to the subscriber's gross basic
     monthly salary in the month of December of the year preceding the year of
     payment of the employer contribution, calculated on the basis of full-time
     employment and with exclusion of any variable salary, bonuses, fixed
     compensation or any other supplementary advantage, multiplied by 12, plus
     the amount of the thirteenth month paid in December of the relevant year
     that serves as the calculation base and of the double vacation bonus paid
     during that same year; plus all administrator premiums received during the
     same year that serves as the calculation base for a mandate in a company of
     the Group;

-    if a subscriber does not perform effectively for 12 months during the year
     that serves as the calculation base (e.g. in case of leaving the company)
     PAS refers to: the base salary of the most recent complete month of
     subscription and performed during the year that serves as calculation base
     calculated on the basis of full-time employment and with exclusion of any
     variable salary, bonuses, fixed compensation or any other supplementary
     advantage, multiplied by the number of months performed effectively, plus
     the amount of the thirteenth month paid, if the occasion arises prorated
     during the relevant year that serves as the calculation base and of the
     amount paid as double vacation bonus during that same year; plus all
     administrator premiums received for a mandate in a company of the Group
     with offices abroad;

-    if subscription to this plan commences during the course of a year, the
     first employer contribution shall be deposited in March of the next year
     and shall be calculated on the basis of the calculated pensionable annual
     salary as stipulated above, with the understanding that only the salaries
     paid for the position held as subscriber are taken into consideration
     (meaning from the time of subscription to the plan). The result of this is
     that the salary of the most recent complete month of the subscription and
     performed during the year that serves as the calculation base shall be
     taken into consideration and multiplied by the number of months in
     employment during the year that serves as calculation base;

-    in case of early retirement or starting at a time the subscriber no longer
     meets the subscription conditions during the course of the year, the
     pensionable annual salary that is taken into consideration shall be
     calculated in proportion to the actual performance delivered;

-    moreover, the reference salary, under any assumption, shall be adopted if
     the occasion arises



AXA-BB                                                                      4/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


     for those subscribers who work part-time during the year that serves as
     calculation base, depending on the part-time factor in effect in the year
     that serves as calculation base. The part-time factor is equal to the
     fraction, with the nominator representing the actually performed employment
     system (meaning x % of full-time employment) and the denominator
     representing the full-time employment system.


FOR INDEPENDENT EMPLOYEES:
--------------------------

-    PAS means the subscriber's gross monthly salary as decided by the company's
     representative in the framework of the mandate practiced or, if the
     occasion arises, decided in the service provision agreement signed with the
     company and in effect in December of the year preceding the year of payment
     of the employer contribution deposited by the company, with the exclusion
     of every variable salary, bonuses, fixed compensation or any other
     supplementary advantage, multiplied by 12, plus all administrator premiums
     received during the year that serves as calculation base for a mandate in a
     Group company. If the salary of the subscriber-independent employee is
     established and/or expressed on an annual basis, this annual amount is
     divided by 12 to obtain the amount of the gross monthly salary for the
     month of December;

-    If subscription to this plan commences during the course of a year, the
     first employer contribution shall be deposited in March of the next year
     and shall be calculated on the basis of the calculated pensionable annual
     salary as stipulated above, with the understanding that only the salaries
     paid for the position held as subscriber are taken into consideration
     (meaning from the time of subscription to the plan). The result of this is
     that the salary of the most recent complete month of the subscription and
     performed during the year that serves as the calculation base shall be
     taken into consideration and multiplied by the number of months of
     effective performance during the year that serves as calculation base;

-    in case of leaving the company or starting at the time the subscriber no
     longer meets the subscription conditions during the course of the year, the
     pensionable annual salary that is taken into consideration shall be
     calculated in proportion to the actual performance delivered.


FOR THE INSURED PARTIES AND FOREIGN EMPLOYEES:
----------------------------------------------

-    who work simultaneously in the territory of different nations and who
     are/remain subscribers to the code, the pensionable annual salary during
     the period of their multiple employment is equal to the pensionable annual
     salary to be paid by the company as stipulated above; plus any other basic
     salary (gross base salary actually received for employment as employee
     and/or independent party in one or more Group companies), with the
     exclusion of all variable salaries, bonuses, fixed compensation,
     compensation typical for the employer or all other supplementary
     advantages.






AXA-BB                                                                      5/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN



     Moreover, the stipulations that apply to part-time working subscribers
     shall apply in the framework of this article.

     in which

     CONTRACT means:

     FOR EMPLOYEES: the employment agreement

     FOR INDEPENDENT EMPLOYEES: the service provision agreement signed with the
     company

     The "X" percentage and the coefficient are stipulated in the supplements to
     this precautionary plan.

     This premium reinforces the employer contribution contract "F".

-    LIMIT OF THE ANNUAL PENSION PREMIUM
     -----------------------------------

     The annual employer contribution to the pension may not insure "pension"
     payments in any case that exceeds the one stipulated in article 16 of the
     general stipulations entitled "Limit of the "pension benefits": fiscal
     rule".

     In case this limit is exceeded, the employer contribution shall be limited.

-    THE ANNUAL EMPLOYER CONTRIBUTION TO THE CAPITAL PAID OUT UPON DECEASE to be
     paid by the company is the total annual premium required to insure this
     capital, defined in point 2.3.


     This premium reinforces the employer contribution contract "M".



1.2. PAYMENT AND CALCULATION OF THE PREMIUMS

The annual premiums of the year N stipulated above are deposited by the company
during the first eight days of the month of March in year N + 1; they are
augmented by all current or future taxes on the insurance premiums.














AXA-BB                                                                      6/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN




In case the extent of the subscriber's employment changes, the company shall
immediately notify the insurance company of this fact and inform it of the new
premiums that must be taken into consideration starting the first day of the
month in which the modification took place.

1.3. UPDATING DATE

On March 1 of every year.


2 - INSURANCE CONTRACTS AND SUBSCRIBER BENEFITS
-----------------------------------------------

2.1. INSURANCE COMBINATION

-    Contract "F" is issued in the insurance combination "Deferred capital with
     repayment of the savings balance" (UKMS) which provides the payment of a
     capital if the subscriber is alive on the expiration date or a capital
     equal to the theoretical surrender value in case of decease before that
     expiration date.

-    Since the contract is reinforced according to the method of successive
     purchase prices, the guarantees will evolve in function of the amount of
     the premiums deposited and of the rates in effect at the time of their
     maturity date.

-    On January 1, 2005, the rate applied to contract "F" includes a technical
     interest rate of 3.25%. Every possible modification of the rate shall be
     activated in a supplement to the current special stipulations.


-    The "M" contract is issued in the insurance combination "Temporary
     insurance with a duration of 1 year", which provides payment of a capital
     in case of the subscriber's decease if this took place during the duration
     of the contract.

     If the subscriber is alive at the expiration date of the contract, this
     contract is terminated and all premiums deposited shall remain the property
     of the insurance company as the price of the risk it has covered.


2.2. EXPIRATION OF CONTRACTS

Expiration of the "F" contract is set down as the time the subscriber turns 65.

The "M" contract is annually renewable until the subscriber turns 65.

2.3. DESCRIPTION OF THE CAPITAL TO BE PAID UPON DECEASE

The capital to be paid upon decease insured by the "M" contract is:

1 x PAS

in which PAS is the pensionable annual salary as stipulated in point 1.1.







AXA-BB                                                                      7/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


The above-stipulated capital to be paid upon decease is reduced by the capital
to be paid upon decease insured by the "F" contract and the profit sharing
payable upon decease. The capital to be paid upon decease thus determined forms
the capital insured by the "M" contract.

2.4. ANNUAL UPDATING OF THE LIFE INSURANCE

The coverage "upon decease" and the corresponding premiums are calculated once
per year by the insurance company on the updating date set down in point 1.3.,
on the basis of the modifications that were made in the subscriber's salary.

For this purpose, the company shall give the insurance company the necessary
information, no later than the annual updating.

Moreover, in case the subscriber's extent of employment changes, the company
shall immediately inform the insurance company of this fact, which shall
correspondingly recalculate the capital to be paid upon decease with the first
day of the month of the event as the initiation date.

2.4. ANNUAL UPDATING OF THE LIFE INSURANCE

The coverage "upon decease" and the corresponding premiums are calculated once
per year by the insurance company on the updating date set down in point 1.3.,
on the basis of the modifications that were made in the subscriber's salary.

For this purpose, the company shall give the insurance company the necessary
information, no later than the annual updating.

The insurance company must be informed by the company of every change in the
subscriber's family situation that may have an effect on the sums to be
guaranteed; the insurance shall adapt the contract correspondingly with the
first day of the month of the event as the initiation date.

Moreover, in case the subscriber's extent of employment changes, the company
shall immediately inform the insurance company of this fact, which shall
correspondingly recalculate the capital to be paid upon decease with the first
day of the month of the event as the initiation date.


3 - ACQUIRED RESERVES AND BENEFITS
--------------------------------------------------------------------------------

3.1. DURING THE COURSE OF THE CONTRACT FOR SUBSCRIBERS HOLDING A POSITION WITH
     THE COMPANY

The subscriber acquires the accumulated reserves and the corresponding benefits
in the "F" contract, as well as the associated profit sharing allotted.







AXA-BB                                                                      8/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


3.2. IF THE SUBSCRIBER LEAVES THE COMPANY, IF HE RETIRES OR IF HE REACHES THE
     AGE OF 65, AS WELL AS IF THIS PLAN IS CANCELLED

On that date, the subscriber is entitled to the highest of the following
amounts:

-    the acquired reserves stipulated above

     and

-    for the "F" contract: the reserve constituted by the capitalization, up to
     the date of leaving, at the technical reference rate minus 0.50% of the
     premiums deposited in the contract account since its initiation and minus
     5% to cover the costs.

     However, if the subscriber is leaving the company, his retirement or
     cancellation of this plan occurs within the first 5 years after subscribing
     to the plan, the capitalization of the employer contribution for the
     pension provided for this shall be replaced, insofar this results in a
     secondary payment, by an indexed amount of this on the basis of the index
     rate of consumer prices of wages, salaries, pensions, bonuses and subsidies
     in correspondence with the August 2, 1971 Act.

"Technical interest rate" refers to the maximum technical interest rate
mentioned in article 24 ss. 1 of the April 28, 2003 act related to the
supplementary pensions. This rate was fixed at 3.75% on 01.01.2004.

The stipulations in this point do not apply to any subscriber holding his
position after extending his contract after he turns 65.

3.3. DURING THE COURSE OF THE CONTRACT FOR SUBSCRIBERS WHO HAVE RETAINED THEIR
     ACQUIRED RESERVES IN THE CURRENT PLAN AFTER LEAVING THE COMPANY

In the course of the contract, the subscriber is entitled to the highest of the
following amounts after leaving the company:

-    the accumulated reserves and corresponding benefits in the "F" contract as
     well as the associated profit sharing allotted.

and

-    For the "F" contract: the reserve accumulated by means of capitalization
     (or indexing) of the premiums as stipulated above in point 3.2, frozen on
     the date the subscriber left the company.

3.4. FINANCING OF THE MINIMUM RESERVES TO BE ACCUMULATED

Each year the insurance company shall compare the minimum reserves to be
accumulated by capitalization of the premiums as stipulated above in point 3.2
to the reserves accumulated on the same date by the "F" contract, as well as the
associated profit sharing allotted.








AXA-BB                                                                      9/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


This comparison is made for each subscriber to the plan, to wit for the
subscriber holding a position in the company and for a person who opted to
retain his reserves in the plan after leaving the company. The insurance company
shall take every subscriber showing a demonstrable deficit between the minimum
reserves to be accumulated and the reserves already formed on his contacts into
account in determining the financing of the minimum reserves to be accumulated.
The sum of all these deficits must be covered by the financing fund. In case the
assets of this fund are not sufficient to guarantee this coverage, the company
shall make good this deficit by depositing the contribution claimed by the
insurance company.

3.5. ALLOTMENT OF ACQUIRED MINIMUM RESERVES ON THE CONTRACT

When settling the contract, either because of retirement of the subscriber or as
a consequence of his decision to no longer keep his reserves in the current plan
after leaving the company, the insurance company shall draw from the financing
fund the possible premium necessary to make good the deficit of the coverages
accumulated on the contract, if the occasion arises, with respect to the total
of the acquired minimum reserves, as stipulated in point 3.2.

In case the fund is insufficiently reinforced, the premium shall be claimed from
the company.

The same shall apply in case the contracts are extended when the subscriber
continues to hold his position at the company after turning 65 (conform point 6
below for this).

Moreover, in case the plan is cancelled, the insurance company shall also
proceed with withholding from the financing fund according to the same procedure
described above.

In case the company goes bankrupt and if the assets of the fund are
insufficient, the deficit shall be made good in proportion to the acquired
minimum reserves of the subscriber.


4 - PROFIT SHARING
------------------

According to the modalities defined in the insurance company's profit sharing
plan, sharing the profits is allotted as follows:

-    for the "F" and "M" contracts and for the pension contracts for
     reconstitution of a mortgage loan according to the code of the general fund
     of Life transactions in branch 21.










AXA-BB                                                                     10/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN




5 - PART-TIME EMPLOYMENT
--------------------------------------------------------------------------------

If a subscriber to the Group did not deliver any full-time performances during
the entire year that serves as the calculation base (year N), the annual
employer contribution is calculated in the knowledge that the pensionable annual
salary (PAS) in that case corresponds to the pensionable annual part-time
employment salary (PAPES). If the subscriber was employed full-time during the
(entire) month of December of the year that serves as the calculation base, his
gross monthly salary as a member of the Executive Committee (with exclusion of
every variable salary, bonus, fixed compensation or all other supplementary
advantages) for the month of December shall be taken into consideration and
multiplied by 12 and subsequently applied on the basis of the part-time factor
in effect during the course of the year (e.g.: part-time (50%) from January to
September and full-time from October to the end of December: the part-time
factor is 7.5/12).

If the subscriber was employed part-time during the (entire) month of December
of the year that serves as the calculation base, his gross monthly salary as a
member of the Executive Committee (with exclusion of every variable salary,
bonus, fixed compensation or all other supplementary advantages) for the month
of December is first recalculated on the basis of a fictitious and hypothetical
full-time (by multiplying the actual base salary by 100% and dividing it by the
percentage of actual employment), subsequently multiplied by 12 and finally
adapted depending on the part-time factor in effect during the course of the
year.


6 - THE SUBSCRIBER WHO CONTINUES TO HOLD HIS POSITION AFTER REACHING THE AGE
THAT CORRESPONDS TO THE EXPIRATION OF THE CONTRACT
--------------------------------------------------------------------------------

If a subscriber continues to hold his position in the company after reaching the
age stipulated as expiration of the contract, the capitals of the expired
contract while the subscriber is alive shall be deposited as inventory
purchasing sums in a new contract issued in the insurance combination "Deferred
capital with repayment of the savings balance" (UKMS), for which the expiration
date when the subscriber reaches the age of 70 has been decided.

The UKMS combination provides payment of a capital if the subscriber is alive at
the expiration date or a capital equal to the theoretical surrender value in
case of the subscriber's decease before that expiration date.

This contract shall be further reinforced by the employer contributions
stipulated in point 1.1.

The capital to pay out upon decease is calculated every year depending on the
new expiration date of the pension contracts.


7 - SUBSCRIBER LEAVING THE COMPANY
--------------------------------------------------------------------------------

The company shall immediately notify the insurance company of any subscriber
leaving the company.

If the subscriber opts for maintaining his acquired reserves at the insurance
company, either in the current plan or in the "Reception structure" plan
(conform article 14 of the general stipulations), he can continue to pay a
premium, which amount is equal to, at maximum, the premiums deposited on
contracts "F" and "M" at the time he leaves the company. This premium shall
reinforce a "personal" contract issued in the insurance combination selected by
the subscriber.





AXA-BB                                                                     11/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>


                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN



Furthermore, if the reserves remain in the current plan, the subscriber can
obtain surrender of the contracts from the time he reaches age 60. The request
for surrender must be made to the insurance company by the subscriber 6 months
before the desired surrender date. This 6-month period does not apply in case of
early retirement.

The "M" contract expires at the time when the subscriber stops holding his
position at the company or on the date the group insurance is discontinued.

Moreover, if the subscriber has opted for transfer of his reserves in the
"Reception structure" plan, he is also given various options in accordance with
the conditions of that plan.

On the other hand, in case the subscriber leaves the company during the course
of the insurance year, the part of the annual "pension" premiums that have not
matured shall be retained on the contract "F" of the subscriber in proportion to
the number of months between the first day of the month the subscriber leaves
the company and the first day of the month of the following annual update.

In case the employment agreement is severed with payment of a compensating
notice indemnity, the company shall deposit an employer contribution at the time
the subscriber leaves the company equal to the most recent employer contribution
(paid in March, before the date the agreement was severed, starting immediately
and with payment of a compensating notice indemnity), divided by 12 and
multiplied by the number of months covered by the severance indemnity. This
employer contribution shall be deposited at the time the subscriber leaves the
company. Moreover, the company shall pay an employer contribution to the benefit
of the subscriber with respect to the year in which the employment agreement is
severed, calculated pro rata temporis for the number of months of effective
performance during the year that serves as the calculation base.

Conversely, the part of the non-matured annual life insurance premium is removed
from the "M" contact and paid back to the company.


8 - SPECIAL STIPULATIONS RELATED TO THE SITUATIONS OF INTERNATIONAL
EMPLOYMENT
--------------------------------------------------------------------------------


This article applies to:

under the same conditions, the subscribers who are simultaneously employed in
the territory of different nations, meaning the subscribers in view of the code
who must partially exercise their professional activity at the company and
partially at another company belonging to the Group.

The subscribers and foreign employees who are simultaneously employed in the
territory of different nations and who remain or shall become subscribers to the
code insofar as they are or remain subject to Belgian social security.





AXA-BB                                                                     12/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>


                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN




GENERAL STIPULATIONS
--------------------------------------------------------------------------------

Edition 30001N-04.2004


The stipulations cited in this document apply insofar as this document is signed
and returned to the insurance company within 2 months after being drawn up. The
insurance company reserves the right to review these stipulations as soon as
this term has been exceeded.

     Drawn up in two copies in WATERMAAL-BOSVOORDE, on August 8, 2005.


The company                                         AXA Belgium
CYTEC SURFACE SPECIALTIES NV
(Name and position of the undersigned)

/s/ Shane Fleming
Shane Fleming
President of Cytec Surface Specialties NV


                                                    /s/ Deborah LENVAIN
                                                    Deborah LENVAIN Team Manager






AXA-BB                                                                     13/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN



                             TRANSITION STIPULATIONS
                             -----------------------





-    The following stipulations apply to personnel members who were subscribers
     to the group insurance for members of the Executive Committee of NV SURFACE
     SPECIALTIES (07.3571) on December 31, 2004:


1)   The mathematical reserve of the "F" employer contribution contract
     accumulated on December 31, 2004, is deposited as inventory purchasing sum
     on the "F" contract that ensues from the current precautionary plan.

2)   The profit shares of the "F" employer contribution contract acquired on
     December 31, 2004 are also deposited on this new "F" contract.

3)   The text in point 7 "Subscribers leaving the company" is supplemented by
     the following:

     Until December 31, 2009 subscribers have the option of requesting
     settlements of their contracts before they reach the age of 60.


4)   The first deposit related to the performance of the employer contribution
     while the subscriber is alive is made in March 2006, on the basis of the
     pensionable annual salary of 2005 (or, if applicable, pro rata) and of the
     results and accounts of the company in 2005.








AXA-BB                                                                     14/15

                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


                                                                   Supplement 1
                                                                   ------------


X    = depends on the level of the subscriber in the company and amounts to:

          50%  for the level of positions held by the members of the Executive
               Committee other than the position of the CEO


The coefficient depends on the ratio "CYTEC SURFACE SPECIALTIES NV current
result before taxes/ CYTEC SURFACE SPECIALTIES NV current result before budgeted
taxes", in the knowledge that:

1)   if the ratio between the CYTEC SURFACE SPECIALTIES NV current result before
     taxes and the CYTEC SURFACE SPECIALTIES NV current result before budgeted
     taxes equals 100% (meaning that the actual result has reached the number of
     the budgeted result), the coefficient is equal to 1;

2)   if the CYTEC SURFACE SPECIALTIES NV current result before taxes differs no
     more than 10% from the budgeted result (in other words the ratio is between
     90 and 110%), the coefficient of 1 shall be adapted proportionally (for
     example: if the ratio is 90%, a coefficient of 0.9 shall be applied, if the
     ratio is 110%, a coefficient of 1.1 shall be applied, if the ratio is 95%,
     a coefficient of 0.95 shall be applied, etc.)

3)   if the ratio of CYTEC SURFACE SPECIALTIES NV current result before taxes
     and the CYTEC SURFACE SPECIALTIES NV current result before budgeted taxes
     is higher than 110% (meaning the actual result is at least 10% higher than
     the budgeted result), the coefficient shall be determined as follows:

                  if 111%               =>              coefficient of 1.12
                  if 115%               =>              coefficient of 1.18
                  if 120%               =>              coefficient of 1.26
                  if 125%               =>              coefficient of 1.34
                  if 130%               =>              coefficient of 1.43
                  if 135%               =>              coefficient of 1.51
                  if 140%               =>              coefficient of 1.59
                  if 145%               =>              coefficient of 1.67
                  if 150%               =>              coefficient of 1.75
                  if more than 150%     =>              coefficient of 2


     In the knowledge that if the ratio between the CYTEC SURFACE SPECIALTIES NV
     current result before taxes and the CYTEC SURFACE SPECIALTIES NV current
     result before budgeted taxes is situated between the two percentages of the
     table above, the coefficient is determined on the basis of the coefficient
     right below it, increased by application of a progressive "interpolation".




                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>

                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN





4)   if the CYTEC SURFACE SPECIALTIES NV current result before taxes and the
     CYTEC SURFACE SPECIALTIES NV current result before budgeted taxes is lower
     than 90% (meaning that the actual result is less than 90% of the budgeted
     result), the coefficient shall be determined as follows:

                  if 89%                =>              coefficient of 0.87
                  if 85%                =>              coefficient of 0.77
                  if 80%                =>              coefficient of 0.63
                  if 75%                =>              coefficient of 0.50
                  if less than 75 %     =>              coefficient of 0.10
                  if less than 50 %     =>              coefficient of 0.05

     In the knowledge that if the ratio between the CYTEC SURFACE SPECIALTIES NV
     current result before taxes and the CYTEC SURFACE SPECIALTIES NV current
     result before budgeted taxes is situated between the two percentages of the
     table above, the coefficient is determined on the basis of the coefficient
     right below it, increased by application of a progressive "interpolation".

     The percentage of the ratio between the CYTEC SURFACE SPECIALTIES NV result
     before taxes and the CYTEC SURFACE SPECIALTIES NV result before budgeted
     taxes is announced by the Company on the date of annual updating.









                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389

<PAGE>


                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN


                                                                   Supplement 2
                                                                   ------------





X    = depends on the level of the subscriber in the company and amounts to:

          100  % for the level of the position of CEO


The coefficient depends on the ratio "CYTEC SURFACE SPECIALTIES NV current
result before taxes/ CYTEC SURFACE SPECIALTIES NV current result before budgeted
taxes", in the knowledge that:


if the ratio between the CYTEC SURFACE SPECIALTIES NV current result before
taxes and the CYTEC SURFACE SPECIALTIES NV current result before budgeted taxes
equals 100% (meaning that the actual result has reached the number of the
budgeted result), the coefficient is equal to 1;

1)   if the ratio between the CYTEC SURFACE SPECIALTIES NV current result before
     taxes and the CYTEC SURFACE SPECIALTIES NV current result before budgeted
     taxes equals 100% (meaning that the actual result has reached the number of
     the budgeted result), the coefficient is equal to 1;

2)   if the CYTEC SURFACE SPECIALTIES NV current result before taxes differs no
     more than 10% from the budgeted result (in other words the ratio is between
     90 and 110%), the coefficient of 1 shall be adapted proportionally (for
     example: if the ratio is 90%, a coefficient of 0.9 shall be applied, if the
     ratio is 110%, a coefficient of 1.1 shall be applied, if the ratio is 95%,
     a coefficient of 0.95 shall be applied, etc.)

3)   if the ratio of CYTEC SURFACE SPECIALTIES NV current result before taxes
     and the CYTEC SURFACE SPECIALTIES NV current result before budgeted taxes
     is higher than 110% (meaning the actual result is at least 10% higher than
     the budgeted result), the coefficient shall be determined as follows:

                  if 111%               =>              coefficient of 1.12
                  if 115%               =>              coefficient of 1.18
                  if 120%               =>              coefficient of 1.26
                  if 125%               =>              coefficient of 1.34
                  if 130%               =>              coefficient of 1.43
                  if 135%               =>              coefficient of 1.51
                  if 140%               =>              coefficient of 1.59
                  if 145%               =>              coefficient of 1.67
                  if 150%               =>              coefficient of 1.75
                  if more than 150%     =>              coefficient of 2


     In the knowledge that if the ratio between the CYTEC SURFACE SPECIALTIES NV
     current result before taxes and the CYTEC SURFACE SPECIALTIES NV current
     result before budgeted taxes is situated between the two percentages of the
     table above, the coefficient is determined on the basis of the coefficient
     right below it, increased by application of a progressive "interpolation".





                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


<PAGE>


                                                                GROUP INSURANCE

                                                             PRECAUTIONARY PLAN





4)   if the CYTEC SURFACE SPECIALTIES NV current result before taxes and the
     CYTEC SURFACE SPECIALTIES NV current result before budgeted taxes is lower
     than 90% (meaning that the actual result is less than 90% of the budgeted
     result), the coefficient shall be determined as follows:

                  if 89%                =>              coefficient of 0.87
                  if 85%                =>              coefficient of 0.77
                  if 80%                =>              coefficient of 0.63
                  if 75%                =>              coefficient of 0.50
                  if less than 75%      =>              coefficient of 0.10
                  if less than 50%      =>              coefficient of 0.05

     In the knowledge that if the ratio between the CYTEC SURFACE SPECIALTIES NV
     current result before taxes and the CYTEC SURFACE SPECIALTIES NV current
     result before budgeted taxes is situated between the two percentages of the
     table above, the coefficient is determined on the basis of the coefficient
     right below it, increased by application of a progressive "interpolation".

     The percentage of the ratio between the CYTEC SURFACE SPECIALTIES NV result
     before taxes and the CYTEC SURFACE SPECIALTIES NV result before budgeted
     taxes is announced by the Company on the date of annual updating.













                                 AXA Belgium, NV
authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
              Company headquarters Vorsttaan 25 - B-1170 Brussels o
                      Phone: 02/678 61 11 Fax: 02/678 93 40
           Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389