Document:

Amended and Restated Sensient Technologies Corporation Rabbi Trust "C" Agreement

 EXHBIT 10.1(n) 
 AMENDED AND RESTATED 
 SENSIENT TECHNOLOGIES CORPORATION

 RABBI TRUST “C” AGREEMENT 
 THIS AMENDED AND RESTATED TRUST AGREEMENT (the “Trust Agreement”) is made effective as of November 30, 2009 by and between Sensient Technologies Corporation, a Wisconsin corporation (the
“Company”), and Wells Fargo Bank, N.A. (collectively with any successor in interest, the “Trustee”). 
 WHEREAS, the
Company is obligated to make certain payments for the benefit of certain non-employee directors of the Company (“Directors”) in accordance with the terms of the plans specified in Schedule A, as the same may be amended (collectively the
“Plans”); and 
 WHEREAS, the Company entered into a trust agreement dated September 8, 1988 (the “Prior Trust
Agreement”) with Marshall & Ilsley Trust Company, (the “Prior Trustee”), pursuant to which the Company could make contributions in accordance with the Prior Trust Agreement in order to provide itself with a source of funds to
assist it in meeting its obligations under the Plans; and 
 WHEREAS, consistent with the provisions of the Prior Trust Agreement, the
Trustee has been appointed as successor trustee and the Prior Trust Agreement amended and restated in the form set forth herein; and 
 WHEREAS, it is the intention of the Company that the trust established pursuant to this Trust Agreement (the “Trust”) shall constitute an unfunded arrangement in accordance with the terms hereof and shall not affect the
status of any Plan as being maintained on an unfunded basis in accordance with the provisions of Title I of the Employee Retirement Income Security Act of 1974, as amended, for the purpose of providing deferred compensation for a select group of
management or highly compensated employees; and 
 NOW, THEREFORE, in consideration of the mutual agreements of the parties as contained
in this Trust Agreement, the Trust shall be comprised, held and disposed of as follows: 
 Section 1. Successor Trust 
 (a) The Company and Trustee hereby acknowledge the deposit with the Trustee of such assets as previously held under the Prior Trust
Agreement, which shall continue to be held in accordance with the terms of this Trust Agreement. Subject to Section 1(e), the Company shall be responsible for delivering to the Trustee, to be held in trust hereunder, such an amount as it
determines in cash or marketable securities acceptable to the Trustee or any combination thereof, to assist the Company in meeting its obligations to pay benefits payable to Directors under the Plans. 
 (b) Except as provided for in Section 1(e)(2), Section 2, Section 3 and Section 8 hereof, the Trust is irrevocable. The
Company shall have no right or power, except as otherwise specified in the prior sentence, to direct the Trustee to return to the Company, or to divert to others, any of the Trust assets before all obligations to Directors pursuant to the terms of
the Plans, and expenses pursuant to the terms of Section 8 of this Trust Agreement, have been satisfied. 

 (c) The Trust is intended to be a grantor trust, of which the Company is the grantor, within
the meaning of subpart E, part 1, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended, and shall be construed accordingly. 
 (d) The assets of the Trust shall be held separate and apart from other funds of the Company and shall be subject to the claims of the Company’s general creditors under federal and state law in the
event the Company is Insolvent, as defined in Section 3(a) herein. Directors shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plans and this Trust Agreement shall
be mere unsecured contractual rights of Directors against the Company. Assets held by the Trust will be applied solely to provide benefits to Directors pursuant to the Plans and to pay expenses of the Trust in accordance with the terms of this Trust
Agreement. After the satisfaction of all obligations under the Plans and payment of all such expenses, any amount remaining in the Trust shall be distributed to the Company. 
 (e) (1)Upon the first to occur of a Potential Change of Control or a Change of Control, the Company shall make a contribution to the Trust,
in cash, equal to: (i) the excess of (A) an amount determined in accordance with the Benefits Calculation Schedule described in Section 2(a) as required to pay the Directors the benefits to which Directors are entitled pursuant to the
terms of the Plan(s) as of the date the Potential Change of Control is deemed to occur or the date of the Change of Control, as applicable, over (B) the amount, if any, of the Trust balance prior to such contribution; plus (ii) to provide
for expenses of the Trust pursuant to Section 8, an amount equal to 3% of the amount determined pursuant to the preceding Section 1(e)(i)(A). 
 (2) Following notification to the Trustee pursuant to Section 12(e) that the Potential Change of Control is no longer pending and that a Change of Control has not occurred as a result of such
Potential Change of Control, the Company shall have the right to withdraw the principal amount contributed by the Company to the Trust under Section 1(e)(1). 
 (f) Nothing contained herein shall be construed to require a transfer of funds to the Trust in connection with a change in the Company’s financial health, or during a restricted period with respect
to the Company, as such terms are defined in subsections (b)(2) and (b)(3) of Section 409A of the Internal Revenue Code of 1986, as amended, and any regulations or other guidance issued thereunder (“Section 409A”). 
  

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 Section 2. Tax Payments and Payments to Directors 
 (a) As of the effective date of this Trust Agreement, as of each January 1 thereafter, upon the occurrence of a Potential Change of
Control and upon the occurrence of a Change of Control, the Company shall deliver to the Trustee a schedule (the “Benefits Calculation Schedule”) setting forth the names and addresses of the Directors and, with respect to each Director,
the formula or other methodology or instructions applicable in determining the amounts payable to the Director pursuant to the applicable Plan, as well as the time of commencement for, and the form of payment of, such amounts; provided, however,
that the payment of any benefits through this Rabbi Trust C shall be limited to those benefits as specified in such Benefits Calculation Schedule. Each Benefits Calculation Schedule delivered to the Trustee pursuant to this Section 2(a) shall
be certified by the Vice President of Administration. In the event the Company refuses or neglects to provide an updated Benefits Calculation Schedule as provided in this Section 2(a), the Trustee shall determine the amounts payable to the
Director based on the most recent Benefits Calculation Schedule properly furnished to it by the Company. The Trustee shall incur no liability to the Company or a Director for its good faith determination of benefits in accordance with such Benefits
Calculation Schedule. 
 (b) As of each January 1, the Company shall be responsible for reviewing the amount to fund the
Company’s obligations. The Company shall determine the amount, if any, to pay to the Trustee, in a form consistent with Section 1(a), to provide such funding. 
 (c) The Trustee shall make payments to Directors in accordance with such Benefits Calculation Schedule, subject to Section 2(d), including providing for the reporting, withholding and payment of any
federal and state taxes (other than local taxes allocable to the Director) that may be required with respect to the payment of benefits pursuant to the terms of the Benefits Calculation Schedule or Section 2(d). Notwithstanding the foregoing,
the Company shall direct the Trustee: (i) if any tax withholding is required on a payment subject to state income taxes in a state other than the state in which the Director currently resides (“Non-resident taxes”), which shall be
remitted by the Trustee to the appropriate taxing authority; and (ii) if any local taxes are payable by the Director with respect to a benefit payment, which amount shall be transferred by the Trustee to the Company who shall have the
responsibility for reporting and paying such local taxes to the appropriate taxing authorities. The Company will indemnify and hold harmless the Trustee from any and all liability to which the Trustee may become subject due to the Company’s
failure to properly remit local taxes in connection with payments received from the Trust, or for failure to direct the Trustee regarding withholding on any payment subject to Non-resident taxes. 
 (d) Following a Change of Control, in the event any Plan provision fails to comply with the requirements of Section 409A, the Company
shall direct the Trustee in writing (with a copy of such direction delivered to each affected Director) to distribute to the Director the amount required to be included in income as a result of such Section 409A failure, less any relevant tax
withheld pursuant to Section 2(c) and the Director shall have the responsibility for reporting and paying any taxes related to such distribution. In the event that either: (i) the Company does not direct the Trustee to make a distribution
to a Director under this Section 2(d) and such Director reasonably believes that a distribution is due under this Section 2(d); or (ii) the Company directs the Trustee to make a distribution to a Director under this Section 2(d)
and such Director reasonably believes that a distribution is not due under this Section 2(d), such Director shall be entitled to deliver to the Trustee an affidavit (a “409A Notice”) setting forth: (x) payment instructions for
the amount the Director believes will be or is due under this Section 2(d); or (y) the reasons the Director believes that a distribution is not due under this Section 2(d). The Director also shall deliver a copy of the 409A Notice to
the Company within three (3) business days following the date the 409A Notice is delivered to the Trustee. Unless the Trustee receives written objection from the Company within ten (10) business days after receipt by the Trustee of such
notice, the Trustee shall make the payment distribution, if any, in accordance with the amount and instructions set forth in the 409A Notice to the extent, if applicable, the funds necessary to make any such payments due are available within the
Trust. If the Company makes an objection during the ten (10) business days referred to in the preceding sentence, the Trustee shall retain any disputed amounts pending the determination of an arbitrator pursuant to Section 13 hereof. A
distribution made under this Section 2(d) shall constitute a payment of the benefits that are subject to Section 409A under the applicable Plan and shall be limited to the amount required to be included in income as such Plan benefit and
shall not include any amounts with respect to any penalty taxes resulting from such Section 409A failure. 
  

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 (e) In the event that a Director reasonably believes that a Benefits Calculation Schedule or
a specific benefit payment does not properly reflect the amount payable to such Director, or the time or form of payment, in accordance with the applicable Plan and this Trust Agreement, such Director shall be entitled to deliver to the Trustee an
affidavit (the “Director’s Notice”) setting forth payment instructions for the amount the Director believes will be or is due under the relevant terms of the Plans and this Trust Agreement. The Director also shall deliver a copy of
the Director’s Notice to the Company within three (3) business days following the date the Director’s Notice is delivered to the Trustee. Unless the Trustee receives written objection from the Company within ten (10) business
days after receipt by the Trustee of such notice, the Trustee shall make the payment distribution in accordance with the amount and instructions set forth in the Director Notice to the extent the funds necessary to make any such payments due are
available within the Trust. If the Company makes an objection during the ten (10) business days referred to in the preceding sentence, the Trustee shall retain any disputed amounts pending the determination of an arbitrator pursuant to
Section 13 hereof. 
 (f) The Company may make payment of benefits directly to Directors as they become due under the terms
of the Plans. Prior to the time amounts are payable to a Director, the Company shall notify the Trustee of its decision to make payment of benefits directly to a Director. In addition, if at any time the principal of the Trust, and any earnings
thereon, are not sufficient to make payments of benefits in accordance with the terms of the Plans, the Company shall make the balance of, or all of, each such payment as it falls due. The Trustee shall notify the Company where principal and
earnings are not sufficient. 
 Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary When The Company Is Insolvent 

 (a) The Trustee shall cease payment of benefits to Directors if the Company is Insolvent. The Company shall be considered
“Insolvent” for purposes of this Trust Agreement if (i) the Company is unable to pay its debts as they become due, (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code, or
(iii) the Company is determined to be insolvent by any state or federal regulatory authority. 
 (b) At all times during
the continuance of this Trust, as provided in Section l(d) hereof, the principal and income of the Trust shall be subject to claims of general creditors of the Company under federal and state law as set forth below. 
 (1) The Board of Directors and the Chief Executive Officer of the Company shall have the duty to inform the Trustee in writing that the
Company is Insolvent. If a person claiming to be a creditor of the Company alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall determine whether the Company is Insolvent and, pending such determination, the
Trustee shall discontinue payment of benefits to Directors. 
  

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 (2) Unless the Trustee has actual knowledge that the Company is Insolvent, or has received
notice from the Company or a person claiming to be a creditor alleging that the Company is Insolvent, the Trustee shall have no duty to inquire whether the Company is Insolvent. The Trustee may in all events rely on such evidence concerning whether
the Company is Insolvent as may be furnished to the Trustee and that provides the Trustee with a reasonable basis for making a determination whether the Company is Insolvent. 
 (3) If at any time the Trustee has determined that the Company is Insolvent, the Trustee shall discontinue payments to Directors and shall
hold the assets of the Trust for the benefit of the Company’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Directors to pursue their rights as general creditors of the Company with respect to
benefits due under the Plans or otherwise. 
 (4) The Trustee shall resume the payment of benefits to Directors in accordance
with Section 2 of this Trust Agreement only after the Trustee has been advised that the Company is not Insolvent (or is no longer Insolvent). 
 (5) Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to Section 3(b) hereof and subsequently resumes such payments, the first
payment following such discontinuance shall include the aggregate amount of all payments due to Directors under the terms of the Plans for the period of such discontinuance, less the aggregate amount of any payments made to Directors by the Company
in lieu of the payments provided for hereunder during any such period of discontinuance. 
 Section 4. Investment Authority 

(a) Investments of the Trust shall be limited to cash, cash equivalents, other short term fixed income securities or shares of a
comparable registered investment company (including any such security or shares for which the Trustee or an affiliate receives any compensation or fee). 
 (b) Prior to a Change of Control the Company or the Benefit Investment Committee established pursuant to action by the Finance Committee, or such other committee that the Finance Committee may designate
(the “Benefit Investment Committee”), shall have the authority to: (i) direct the Trustee as to specific securities consistent with Section 4(a) in which Trustee shall invest Trust Fund assets; or (ii) delegate such
authority to the Trustee or select an investment manager. Following a Change of Control, such power and authority regarding investments shall rest solely with the Trustee who shall invest Trust Fund assets in such cash equivalents and other short
term fixed income securities or shares of a comparable registered investment company (including any such security or shares from which the Trustee or an affiliate receives any compensation or fee) as the Trustee, in its sole discretion, shall
determine. In no event shall any investment authority be exercisable by or rest with Directors. Prior to a Change of Control the voting, tendering and the exercise of all other rights with respect to Trust assets will be exercised by the Company,
the Benefit Investment Committee, or the Trustee or investment manager to whom the Company or the Benefit Investment Committee has delegated such authority. Following a Change of Control, such authority will be exercised solely by the Trustee.

  

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 (c) Notwithstanding the foregoing provisions in Section 4(b), prior to a Change of
Control, the Trustee shall have no: (i) duty or responsibility to question any direction of the Company, the Benefit Investment Committee or an investment manager or to review any investment made pursuant to any such direction or to make
recommendations to the Company, the Benefit Investment Committee or an investment manager in connection therewith; or (ii) liability or responsibility for its action or inaction pursuant to the direction of, or its failure to act in the absence
of directions from, the Company, the Benefit Investment Committee or an investment manager regarding the investment of Trust Fund assets. 
 (d) The Trustee shall have the following administrative responsibilities which may be necessary to carry out the provisions of the Trust, subject to the Company’s proper directions in accordance with
the terms of this Trust Agreement: 
 (1) To receive and hold all contributions paid to it by the Company; provided, however,
that the Trustee shall have no duty to require any contributions to be made to it except with respect to such an amount required to be contributed to it upon the occurrence of a Potential Change of Control or a Change of Control, as applicable;

 (2) To effectuate the proper written investment instructions given by the Company or its designee in accordance with the
terms of this Trust without regard to any law now or hereafter in force limiting investments of fiduciaries; 
 (3) To have the
authority to invest and reinvest assets of the Trust in cash, cash equivalents and other short term fixed income securities or shares of a comparable investment company (including any such security or shares from which the Trustee or an affiliate
receives any compensation or fee); 
 (4) To retain any interest with respect to an amount issued from the Trust as a benefit
distribution pending the settlement of the amount so distributed; 
 (5) To establish accounts in any affiliate of the Trustee
and in such other banks and financial institutions as the Trustee deems appropriate to carry out the purpose of the Trust; 
 (6) To sell, exchange, assign, transfer, and convey any security or property held in the Trust, at public or private sale, at such time and price and upon such terms and conditions (including credit) as directed; 
 (7) To vote, tender, or exercise any right appurtenant to any stock or securities held in the Trust, as directed; 
 (8) To consent to and participate in any plan for liquidation, reorganization, consolidation, merger, or any similar action of any
corporation, any security of which is held in the Trust, as directed; 
 (9) To sell or exercise any “rights” issued
on any security held in the Trust; 
  

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 (10) To deposit securities with a clearing corporation as defined in Article Eight of the
Uniform Commercial Code; to hold the certificates representing securities, including those in bearer form, in bulk form with and to merge such certificates into certificates of the same class of the same issuer which constitutes assets of other
accounts or owners, without certification as to the ownership attached; and to utilize a book-entry system for the transfer or pledge of securities held by the Trustee or by a clearing corporation, provided that the records of the Trustee shall
indicate the actual ownership of the securities and other property of the Trust Fund; 
 (11) To participate in and use the
Federal book-entry account system, a service provided by the Federal Reserve Bank for its member banks for deposit of Treasury securities; and 
 (12) To hold securities in the name of the Trustee or its nominee or nominees or in such other form as it determines best with or without disclosing the Trust relationship, providing the records of the
Trust shall indicate the actual ownership of such securities or other property. 
 Section 5. Disposition of Income 
 All interest and other income earned on the investment of the assets of the Trust Fund shall be accumulated and reinvested as assets of the Trust.

 Section 6. Accounting by Trustee 
 The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific records as shall be agreed upon in writing between the Company and the
Trustee. Within thirty (30) days after the removal or resignation of the Trustee, the Trustee shall deliver to the Company a written account of its administration of the Trust during such year or during the period from the close of the last
preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or
net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as
the case may be. 
 Section 7. Responsibility of Trustee 
 (a) The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the
conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a proper direction, request or approval given by the Company which is
contemplated by, and in conformity with, the terms of this Trust Agreement and is given in writing by the Company. Subject to Section 13 hereof, in the event of a dispute between the Company and a party, the Trustee may apply to a court of
competent jurisdiction to resolve the dispute. 
  

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 (b) If the Trustee undertakes or defends any litigation arising in connection with this
Trust, including, without limitation by specification, under Section 4(d)(1), the Company agrees to indemnify the Trustee against the Trustee’s costs, expenses and liabilities (including, without limitation, attorneys’ fees and
expenses) described in Section 8(a) and Section 8(b). The Company further agrees to make payments to the Trust with respect to expenses described in Section 8(c). 
 (c) The Trustee may consult with legal counsel (who prior to a Change of Control also may be counsel for the Company generally) with respect
to any of its duties or obligations hereunder. 
 (d) The Trustee may hire agents, accountants, actuaries, investment advisors,
financial consultants or other professionals to assist it in performing any of its duties or obligations hereunder. 
 (e) The
Trustee shall have, without exclusion, all powers conferred on Trustees by applicable law, unless expressly provided otherwise herein; provided, however, that if an insurance policy is held as an asset of the Trust, the Trustee shall have no power
to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a successor Trustee, or to loan to any person the proceeds of any borrowing against such
policy. 
 (f) Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, the
Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains therefrom, within the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to
the Internal Revenue Code. 
 (g) The Company hereby agrees to indemnify and to hold Trustee harmless from and against all
claims, expenses (including reasonable attorney fees), liabilities, damages, actions or other charges incurred by or assessed against Trustee, other than on account of the: (i) Trustee’s own gross negligence or willful misconduct; or
(ii) Trustee’s breach of the standard set forth in the preceding Section 7(a) with respect to investments directed by it. 
 (h) Notwithstanding anything to the contrary herein, the Trustee shall incur no liability to the Company or a Director for any determination that it makes pursuant to the terms of this Trust Agreement in
good faith and in accordance with the standard set forth in Section 7(a). 
 Section 8. Compensation and Expenses of Trustee

 (a) Subject to Section 12(f)(1), prior to a Change of Control, the Company shall pay all Trust administrative costs
and the Trustee’s fees and expenses. If not so paid in a timely manner, the costs, fees and expenses shall be paid from the Trust, but shall remain an obligation of the Company. 
  

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 (b) Following a Change of Control, the expenses of the Trust, as described in
Section 8(c), shall be paid from the Trust, provided, however, that to the extent that the payment of any such expense would reduce the principal of the Trust below the amount determined by the Trustee, in accordance with the applicable
Benefits Calculation Schedule, as necessary to pay the benefits then remaining due under the terms of the Plans, the Trustee shall notify the Company in writing and the Company agrees that it will pay all expenses in excess of the amount so
determined as required to satisfy such remaining benefit obligations. If the Company does not pay such expenses within sixty (60) days of the day of delivery by the Trustee of such written notice, the Trustee may obtain payment from the Trust,
but the amount so paid shall remain an obligation of the Company. 
 (c) Following a Change of Control, expenses of the Trust
shall include: (i) all Trust administrative costs and the Trustee’s fees and expenses, including any legal, professional or other expense the Trustee may incur pursuant to Section 1(e), Section 7(b), Section 10(b) or
Section 13; and (ii) all expenses, legal, professional or otherwise, that a Director may incur in accordance with Sections 2(d), 2(e) and 13. 
 Section 9. Resignation and Removal of Trustee 
 (a) Subject to
Section 12(f)(2), prior to a Change of Control the Trustee may resign at any time by written notice to the Company, which shall be effective no less than sixty (60) days after receipt of such notice unless the Company and the Trustee agree
otherwise. Subject to Section 12(f)(3), prior to a Change of Control the Trustee may be removed by the Company on thirty (30) days notice or upon shorter notice accepted by the Trustee. 
 (b) For the two-year period following a Change of Control, the Trustee may not resign and any resignation after such two-year period shall
be effective no less than ninety (90) days after receipt of such notice, unless the Company and the Trustee agree otherwise. Following a Change of Control, the Trustee may be removed by the Company only if Directors who represent, as of the
last day of the month preceding the date notice of the removal is given, at least sixty-five percent (65%) of the aggregate value of benefits payable under the Plans as of such date agree to the removal of the Trustee. 
 (c) If, prior to a Change of Control, the Trustee resigns or is removed in accordance with Section 9(a), a successor shall be
appointed, in accordance with Section 10(a) hereof, by the effective date of resignation or removal under paragraphs (a) or (b) of Section 10. If no such appointment has been made, the Trustee may apply to a court of competent
jurisdiction for appointment of a successor or for instructions. All expenses of the Trustee in connection with the proceeding shall be allowed as administrative expenses of the Trust. If, following a Change of Control, the Trustee resigns or is
removed in accordance with Section 9(b), a successor shall be appointed in accordance with Section 10(b) hereof. 
  

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 Section 10. Appointment of Successor 
 (a) Subject to Section 12(f)(4), if the Trustee resigns or is removed prior to a Change of Control in accordance with Section 9(a),
the Company may appoint a successor to replace the Trustee, provided that the Trustee and any successor thereto appointed hereunder shall be a commercial bank or trust company which is not an affiliate of the Company, but which is a national banking
association or established under the laws of one of the states of the United States, and which has equity in excess of One Hundred Million Dollars ($100,000,000), provided that Directors who represent, as of the last day of the month preceding the
date notice of resignation or removal is given, at least sixty-five percent (65%) of the aggregate value of benefits payable under the Plans as of such date agree to the designated successor trustee within forty-five (45) days following
the notice of the Trustee’s departure. If such Director agreement is not achieved, the Trustee shall be entitled to petition a court of competent jurisdiction to appoint its successor. All reasonable expenses of the Trustee in connection with
the proceeding shall be allowed as administrative expenses of the Trust. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in
the Trust assets. Upon such resignation by, or removal of, the Trustee prior to a Change of Control, and appointment of a successor Trustee, all assets shall subsequently be transferred to the successor Trustee. The transfer shall be completed
within thirty (30) days after the effective date of the resignation or removal or transfer, unless the Company extends such time limit. The Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor
Trustee to effect or evidence the transfer. 
 The successor Trustee need not examine the records and any acts of any prior Trustee and may
retain or dispose of any existing Trust assets, subject to Sections 6 and 7 hereof. The successor Trustee shall not be responsible for, and the Company shall indemnify and defend the successor Trustee from, any claim or liability resulting from any
action or inaction of any prior Trustee or from any other past event, or any condition existing at the time it becomes successor Trustee. 
 (b) If the Trustee resigns or is removed following a Change of Control in accordance with Section 9(b), the Company may appoint a successor to replace the Trustee, provided that the Trustee and any
successor thereto appointed hereunder shall be a commercial bank or trust company which is not an affiliate of the Company, but which is a national banking association or established under the laws of one of the states of the United States, and
which has equity in excess of One Hundred Million Dollars ($100,000,000), provided that Directors who represent, as of the last day of the month preceding the date notice of resignation or removal is given, at least sixty-five percent (65%) of
the aggregate value of benefits payable under the Plans as of such date agree to the designated successor trustee within forty-five (45) days following the notice of the Trustee’s departure. If such Director agreement is not achieved, the
Trustee shall be entitled to petition a court of competent jurisdiction to appoint its successor. All reasonable expenses of the Trustee in connection with the proceeding shall be allowed as administrative expenses of the Trust. 
 Section 11. Amendment or Termination 
 (a) The Trust shall not terminate until the date on which Directors are no longer entitled to benefits pursuant to the terms of the Plans and expenses of the Trust are paid. All assets remaining in the
Trust at such termination shall be returned to the Company. 
 (b) Following a Change of Control, or if an amendment to this
Trust would adversely affect the rights of the Directors hereunder, this Trust may be amended by the Trustee and the Company only if Directors who represent, as of the last day of the month preceding the date notice of the amendment is given, at
least sixty-five percent (65%) of the aggregate value of benefits payable under the Plans as of such date agree to the amendment. Prior to a Change of Control, this Trust may be amended by written agreement of the parties hereto without
obtaining the consent of the Directors only if such amendment does not adversely affect the rights of the Directors hereunder. 
  

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 Section 12. Miscellaneous 
 (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating
the remaining provisions hereof. 
 (b) Benefits payable to Directors under this Trust Agreement may not be anticipated,
assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. 
 (c) This Trust Agreement shall be governed by and construed in accordance with the laws of Wisconsin. 
 (d) For purposes of this Trust, Change of Control shall mean: 
 (1) the
acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Securities Exchange Act of 1934, as amended) of 30% or more of either (A) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (1), the following acquisitions
shall not constitute a Change of Control: (I) any acquisition directly from the Company, (II) any acquisition by the Company, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company or (IV) any acquisition pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection (3) of this paragraph (d); or 
 (2) individuals who, as of September 10, 1998, constitute the Board of Directors (the “Incumbent Board”) cease for any reason
to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to September 10, 1998 whose election, or nomination for election by the Company’s shareholders, was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption
of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of
Directors; or 
  

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 (3) consummation by the Company of a reorganization, merger or consolidation or sale or
other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another entity (a “Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially
all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such business combination beneficially own, directly or
indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the
corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person
(excluding any employee benefit plan (or related trust) of the Company or of such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common
stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and
(C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or the action of the Board,
providing for such Business Combination; or 
 (4) approval by the shareholders of the Company of a complete liquidation or
dissolution of the Company taxed under Section 331 of the Code or with approval of a bankruptcy court pursuant to Section 503(b)(1)(A) of Title II of the U.S. Bankruptcy Code. 
 (5) Notwithstanding the foregoing, a Change of Control as defined in this Section 13(d) shall not be treated as a Change of Control for
purposes of this Trust unless it constitutes a “change in control event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5) or results in a termination or liquidation of a plan within the meaning of Treasury Regulation
Section 1.409A-3(j)(4)(ix)(A) or (B) (as applicable). 
 The Company promptly shall provide notice to the Trustee of the occurrence of
a Change of Control. 
 (e) For purposes of this Trust, Potential Change of Control shall mean the occurrence of any of the
following events: 
 (1) the commencement of a tender offer or exchange offer by any third person which, if consummated, would
result in a Change of Control; 
 (2) the execution of an agreement by the Company, the consummation of which would result in
the occurrence of a Change of Control; 
 (3) the public announcement by any person (including the Company) of an intention to
take or consider taking actions which if consummated would constitute a Change of Control; or 
 (4) the adoption by the Board
of Directors of the Company, as a result of other circumstances, including, without limitation, circumstances similar or related to the foregoing, of a resolution to the effect that a Potential Change of Control has occurred. 
  

 12 

 Notwithstanding anything in this Section 12(e) to the contrary, for purposes of this Trust Agreement, a
Potential Change of Control shall not be deemed to have occurred until the date on which the Chief Executive Officer or the general counsel of the Company delivers a written certification to the Trustee that such event has taken place. 

A Potential Change of Control shall be deemed to be pending from the date the Potential Change of Control is deemed to have occurred pursuant to the
prior paragraph, until the date on which the Chief Executive Officer or the general counsel of the Company delivers a written certification to the Trustee that the Potential Change of Control is no longer pending and that a Change of Control has not
occurred as a result of such Potential Change of Control. 
 (f) During the period of time that a Potential Change of Control is
pending, the following shall apply: 
 (1) the expenses of the Trust, as described in Section 8(c), shall be paid from the
Trust, provided, however, that to the extent that the payment of any such expense would reduce the principal of the Trust below the amount determined by the Trustee, in accordance with the applicable Benefits Calculation Schedule, as necessary to
pay the benefits then remaining due under the terms of the Plans, the Trustee shall notify the Company in writing and the Company agrees that it will pay all expenses in excess of the amount so determined as required to satisfy such remaining
benefit obligations. If the Company does not pay such expenses within sixty (60) days of the day of delivery by the Trustee of such written notice, the Trustee may obtain payment from the Trust, but the amount so paid shall remain an obligation
of the Company; 
 (2) the Trustee may not resign; 
 (3) the Trustee may be removed by the Company only if Directors who represent, as of the last day of the month preceding the date notice of
removal is given, at least sixty-five percent (65%) of the aggregate value of benefits payable under the Plans as of such date agree to the removal of the Trustee; and 
 (4) if the Trustee is removed, the Company may appoint a successor to replace the Trustee, provided that the Trustee and any successor
thereto appointed hereunder shall be a commercial bank or trust company which is not an affiliate of the Company, but which is a national banking association or established under the laws of one of the states of the United States, and which has
equity in excess of One Hundred Million Dollars ($100,000,000), provided that Directors who represent, as of the last day of the month preceding the date notice of resignation or removal is given, at least sixty-five percent (65%) of the
aggregate value of benefits payable under the Plans as of such date agree to the designated successor trustee within forty-five (45) days following the notice of the Trustee’s departure. If such Director agreement is not achieved, the
Trustee shall be entitled to petition a court of competent jurisdiction to appoint its successor. 
  

 13 

 Section 13. Arbitration 
 Any dispute between the Directors and the Company or the Trustee as to the interpretation or application of the provisions of this Trust, and any questions concerning benefits payable hereunder, shall be
determined exclusively by arbitration in accordance with the rules of the American Arbitration Association for employment disputes then in effect. Such determination shall be final, conclusive and binding upon the parties. Judgment may be entered on
the arbitrator’s award in any court of competent jurisdiction. Except as provided in Section 8, all fees and expenses of such arbitration (including, without limitation, fees and disbursements of counsel incurred by the Directors and
Trustee) shall be paid by the Company. Each Director is an intended third party beneficiary of the Company’s obligations arising upon the occurrence of a Potential Change of Control or Change of Control (including without limitation the
obligation to make the contributions described in Section 1(e)) and shall have the right to commence an arbitration proceeding to enforce such obligations. 
 Section 14. Effective Date 
 The effective date of this Trust Agreement shall be
November 30, 2009. 
 [SIGNATURE PAGE TO FOLLOW] 
  

 14 

 IN WITNESS WHEREOF, the Company and Trustee have caused this Trust Agreement to be duly executed as of the
Effective Date indicated above. 
  

			
	SENSIENT TECHNOLOGIES CORPORATION
		
	By:	 	  

		 	Douglas S. Pepper
		
	Title:	 	  

		
	Date:	 	  

	
	WELLS FARGO BANK, N.A.
		
	By:	 	  

		 	Lawrence Scinto
		
	Title:	 	  

		
	Date:	 	  

  

 15 

 Schedule A 
 SENSIENT TECHNOLOGIES CORPORATION 
 RABBI TRUST
“C” AGREEMENT 
  

	1.	Sensient Technologies Corporation Non-Employee Directors’ Retirement Plan 

  

	2.	Sensient Technologies Corporation Directors’ Deferred Compensation Plan 

  

 16First Supplemental Indenture

 Exhibit 4.5 
 THE HANOVER INSURANCE GROUP, INC. 
  
  
 FIRST SUPPLEMENTAL
INDENTURE 
 Dated as of July 30, 2009 
 to 
 Indenture Dated as of February 3, 1997 
  
  
 HSBC BANK USA, NATIONAL ASSOCIATION 
 as Trustee 

 
  
 JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES 

 This FIRST SUPPLEMENTAL INDENTURE (the “First Supplemental Indenture”),
dated as of July 30, 2009, between The Hanover Insurance Group, Inc. (formerly Allmerica Financial Corporation), a Delaware corporation (the “Company”), and HSBC Bank USA, National Association (successor-in-interest to The
Chase Manhattan Bank), as trustee (the “Trustee”). 
 RECITALS 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture dated as of February 3, 1997 (the
“Indenture”), relating to the Company’s Series B 8.207% Junior Subordinated Deferrable Interest Debentures due February 3, 2027 (the “Series B Securities”); 
 WHEREAS, simultaneously with the execution hereof, the AFC Capital Trust I (the “Trust”) is being liquidated and the Series
B Securities are being distributed in exchange for the Trust’s 8.207% Series B Capital Securities (the “Capital Securities”); 
 WHEREAS, Sections 2.07(a) and 9.01(g) of the Indenture provide, among other things, that upon any distribution of Securities following a Dissolution Event, the Company and the Trustee shall, without the
consent of the Securityholders, enter into a supplemental indenture to provide for transfer restrictions and procedures with respect to the Securities substantially similar to those contained in the Declaration to the extent applicable in the
circumstances existing at such time, and to make provision for transfer procedures, certification, book-entry provisions and all other matters otherwise necessary, desirable or appropriate in connection with the issuance of Securities to the holders
of Capital Securities in the event of a distribution of Securities by the Trust following a Dissolution Event; 
 WHEREAS, all
action on the part of the Company necessary to make this First Supplemental Indenture a valid agreement of the Company has been duly taken; 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

 ARTICLE I 
 AMENDMENT OF INDENTURE 
 Section 1.01 Amendment of Section 2.07. 
 Section 2.07 of the Indenture is hereby amended by adding the following Sections immediately following Section 2.07(c):

 (d) Transfer and Exchange of Definitive Securities. When Definitive Securities are presented to the
office or agency of the Company maintained for the purpose pursuant to Section 3.02 of the Indenture: 
 (x)
to register the transfer of such Definitive Securities; or 

 (y) to exchange such Definitive Securities for an equal principal amount of
Definitive Securities, 
 the Security registrar shall register the transfer or make the exchange as requested if its reasonable
requirements for such transaction are met; provided, however, that the Definitive Securities surrendered for transfer or exchange shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security registrar duly executed, by the holder thereof or his attorney duly authorized in writing. 
 (e) Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a Global Security. A Definitive Security may not be exchanged for a beneficial interest in a Global Security except upon satisfaction of the
requirements set forth below. Upon receipt by the Trustee of a Definitive Security, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Company and the Trustee, together with written instructions from the
Company and the holder of the Definitive Security directing the Trustee to make, and/or to direct the Depositary to make, an adjustment on its books and records with respect to the appropriate Global Security to reflect an increase in the aggregate
amount of the Securities represented by such Global Security, the Trustee shall cancel such Definitive Security and cause, and/or direct the Depositary to cause, the aggregate amount of Securities represented by the appropriate Global Security to be
increased accordingly. If no Global Securities are then outstanding, the Company shall execute an appropriate principal amount of Securities in global form and deliver the same to the Trustee for authentication and delivery in accordance with this
Indenture. 
 (f) Transfer and Exchange of Global Securities. Subject to Section 2.07(g), the
transfer and exchange of Global Securities or beneficial interests therein shall be effected through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the
Depositary therefor. 
 (g) Transfer of a Beneficial Interest in a Global Security for a Definitive
Security. 
 (x) Any Person having a beneficial interest in a Global Security may upon request, but only upon
20 days prior notice to the Trustee and only if accompanied by the information specified below, exchange such beneficial interest for a Definitive Security representing an equal principal amount of Securities. Upon receipt by the Trustee of
(A) from the Depositary or its nominee on behalf of any Person having a beneficial interest in a Global Security, written instructions or such other form of instructions as is customary for the Depositary or the Person designated by the
Depositary as having such a beneficial interest in a Global Security, (B) a written direction from the Company and (C) a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by the holder thereof
or his attorney duly authorized in writing, which may be submitted by facsimile, then the Trustee will cause the aggregate principal amount of Securities represented by Global Securities to be reduced on its books

  

 - 2 - 

 
and records and, following such reduction, the Company will execute a Definitive Security and deliver the same to the Trustee for authentication and delivery to the transferee in accordance with
this Indenture. 
 (y) Definitive Securities issued in exchange for a beneficial interest in a Global Security
pursuant to this Section 2.07(g) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee in writing.
The Trustee shall deliver such Securities to the Persons in whose names such Securities are so registered in accordance with such instructions of the Depositary. 
 (h) Cancellation or Adjustment of Global Security. At such time as all beneficial interests in a Global Security have
either been exchanged for Definitive Securities to the extent permitted by this Indenture or redeemed, repurchased or canceled in accordance with the terms of this Indenture, such Global Security shall be returned to the Trustee for cancellation or
retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for Definitive Securities, Securities represented by such Global Security shall be reduced and an adjustment
shall be made on the books and records of the Trustee with respect to such Global Security, by the Trustee or any Securities registrar, to reflect such reduction. 
 (i) No Obligation of the Trustee. 
 (x) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Security, a participant in the
Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant thereof, with respect to any ownership interest in the Securities or with respect to the delivery to any participant in the
Depositary, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Securities. All notices and communications to be given to the
Securityholders and all payments to be made to Securityholders under the Securities shall be given or made only to or upon the order of the registered Securityholders (which shall be the Depositary or its nominee in the case of a Global Security).
The Trustee may conclusively rely and shall be fully protected in relying upon information furnished by the Depositary or any agent thereof with respect to its participants and any beneficial owners. 
 (y) The Trustee and Security registrar shall have no obligation or duty to monitor, determine or inquire as to compliance
with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among participants in the Depositary or beneficial owners in any
Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 
  

 - 3 - 

 ARTICLE II 
 MISCELLANEOUS 
 Section 2.01 Trust Indenture Act Controls.

 If any provision of this First Supplemental Indenture limits, qualifies or conflicts with another provision that is required
or deemed to be included in this First Supplemental Indenture by the Trust Indenture Act of 1939, the required or deemed provision shall control. 
 Section 2.02 Certain Terms Defined in the Indenture. 
 All capitalized terms used herein without definition
shall have the meanings ascribed thereto in the Indenture. 
 Section 2.03 Governing Law. 
 THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 2.04 Counterparts. 
 This First Supplemental Indenture may be signed in any number of counterparts each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 Section 2.05 Headings. 
 The headings of the Articles and Sections of this First Supplemental Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or
provisions hereof. 
 Section 2.06 Not Responsible for Recitals. 
 The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representation as to the validity or sufficiency of this First Supplemental Indenture. 
 Section 2.07
Ratification and Confirmation. 
 The Indenture, as supplemented and amended by this First Supplemental Indenture, is in
all respects ratified and confirmed. This First Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this First Supplemental Indenture will henceforth be read together. 
  

 - 4 - 

 IN WITNESS WHEREOF, the parties have caused this First Supplemental Indenture to be duly
executed as of the date first written above. 
  

			
	THE HANOVER INSURANCE GROUP, INC.
		
	By: 	 	 
	Name:	 	Eugene M. Bullis
	Title:	 	 Executive Vice President and
 Chief Financial Officer

  

			
	HSBC BANK USA, NATIONAL ASSOCIATION,
	as Trustee
		
	By: 	 	 
	Name:	 	
	Title:	 	

 [First Supplemental Indenture]

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