Document:

EX-10.3

Exhibit 10.3

SENSIENT TECHNOLOGIES CORPORATION

DIRECTORS’ DEFERRED COMPENSATION PLAN

As Amended and Restated January 1, 2005

1. Establishment.

The Sensient Technologies Corporation (the “Company”) established the Directors’ Deferred
Compensation Plan (the “Plan”) effective February 1, 1984 to provide members of the Company’s Board
of Directors (the “Board”) with the ability to defer receipt of compensation for services on the
Board until after they resign or retire from the Board. On November 11, 1999, subject to
shareholder approval, the Board adopted an Amended and Restated Plan, which provided that only
directors who are entitled to compensation from the Company for services as a Board member or any
committee are eligible to participate in the Plan. Effective as of January 1, 2005, the Plan was
again amended and restated to comply with the requirements of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”). As a result all benefits under this Plan are subject to
Section 409A of the Code and any guidance issued thereunder. The Plan is administered by the
Company, and the plan year is a calendar year.

2. Eligibility.

Pursuant to the Plan, any non-employee Director of the Company entitled to “Director Fees” (that
is, compensation from the Company by reason of his/her being a member of the Board, or any
committee thereof) (“Eligible Director”) may elect to defer receipt of all or a specified portion
of such Director Fees and thereby become a participant in the Plan.

3. Initial Election.

An Eligible Director’s initial election to participate in the Plan (“Initial Election”) shall be
evidenced by a writing filed with the Company as provided in Paragraph 5 and Paragraph 7(a). Such
Initial Election shall be effective upon its receipt by the Company. The deferral pursuant to such
Initial Election shall continue until: (i) changed by a Subsequent Election (as provided in
Paragraph 5(b)); (ii) the last day of the plan year in which the Eligible Director files a
Subsequent Election terminating his/her participation in the Plan under Paragraph 17; or (iii) the
date the Eligible Director ceases being a member of the Board (“Cessation of Service”), whichever
occurs first.

4. Director’s Deferred Compensation Account.

A Director’s Deferred Compensation Account (the “Account”) shall be established for each Eligible
Director electing to participate in the Plan. Except as provided in Paragraph 6, all Director Fees
deferred pursuant to Paragraph 3 shall be credited to the Account on the date on which such fees
otherwise would have been payable to a Director had they not been deferred hereunder. Each Eligible
Director’s Account shall be subdivided, as applicable, into a “Cash Subaccount” and a “Stock
Subaccount.”

5. Initial Election and Subsequent Elections.

	 	(a)	 	An Initial Election shall be in the form of Exhibit A hereto and shall specify:

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	 	(i)	 	the portion of the subsequent Director Fees payable to such
Eligible Director which the Eligible Director elects to have deferred under the
Plan (the “Deferral Portion”);
	 
	 	(ii)	 	the allocation of the Deferral Portion between the Cash
Subaccount and the Stock Subaccount (“Plan Allocation”);
	 
	 	(iii)	 	the manner in which the Eligible Director wishes to have
amounts deferred under the Plan distributed to him/her as provided in Paragraph
10 (“Distribution Election”); and
	 
	 	(iv)	 	the “Designation of Beneficiary” under Paragraph 13.

	 	(b)	 	Once an Initial Election has been filed with the Company, the election as to
the Deferral Portion shall apply to all Director Fees payable during the following plan
year (except as provided in Paragraph 7(a)). An Eligible Director may (subject to
Paragraph 7) file a later-dated election (such later-dated election being referred to
herein as a “Subsequent Election”), to change the elections contained in his/her
Initial Election or in a previously-filed Subsequent Election: (i) as to the Deferral
Portion, which shall be effective the following plan year; (ii) as to the Plan
Allocation which shall be effective as soon as practicable upon its receipt by the
Company; (iii) the Designation of Beneficiary, which shall be effective upon its
receipt by the Company; or (iv) to terminate his/her participation in the Plan, which
shall be effective as of the last day of the plan year in which such election to
terminate participation is received by the Company.

6. Crediting Stock to Stock Subaccount.

If, pursuant to an Initial Election or Subsequent Election, an Eligible Director makes a Plan
Allocation into the Stock Subaccount, such Eligible Director’s Stock Subaccount shall be credited
with that number of shares (including any fractional share) of the Company’s common stock, $.10 par
value (“Common Stock”) which have a market value equal to the amount of the Deferral Portion
allocated to his/her Stock Account. Shares shall be credited to a Stock Subaccount as of the last
day of the fiscal quarter in which any Director Fees would have been payable (the “Credit Date”).
For purposes of this Paragraph 6, the market value of a share of Common Stock shall equal the
closing sale price of a share of Common Stock on the New York Stock Exchange on the Credit Date (or
if no sale took place on such exchange on such date, the closing sale price on such exchange on the
most recent preceding date on which a sale took place).

7. Times When Elections and Subsequent Elections May Be Made.

	 	(a)	 	An Initial Election or Subsequent Election as to the Deferral Portion must be
made prior to the plan year in which such compensation is earned, provided, however,
that an Initial Election may be made within 30 days after first becoming an Eligible
Director for Director Fees earned thereafter. Except as provided in

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	 	 	 	Paragraphs 5(b)
and 10, an Initial Election or Subsequent Election as to the Deferral Portion shall be
irrevocable upon its receipt by the Company.
	 
	 	(b)	 	Notwithstanding anything in Paragraph 7(a) to the contrary, prior to an
Eligible Director’s Cessation of Service, any (i) Initial Election or (ii) Subsequent
Election which (A) changes the Plan Allocation or (B) changes the Deferral Portion
(unless the Eligible Director has elected only the Cash Subaccount) may only be made
and shall only be effective at such time and upon such conditions as an Eligible
Director would be permitted to effect an open -market acquisition or disposition of
Common Stock under the provisions of the Company’s Code of Conduct covering
acquisitions or dispositions of Common Stock by officers, directors and employees of
the Company, as such Code of Conduct may be amended from time to time.
	 
	 	(c)	 	After an Eligible Director’s Cessation of Service no further Subsequent
Elections may be made, except to change the Designation of Beneficiary.

8. Earnings.

Until the balance of an Eligible Director’s Account has been fully paid/distributed to him/her in
accordance with Paragraph 10:

	 	(a)	 	The balance from time to time, accruing in the Cash Subaccount, shall bear
interest at the rate of 8% per annum. Such interest income shall be credited to the
Account as of each December 31 on which there is such a balance in a Director’s
Account.
	 
	 	(b)	 	From time to time at such times as the Company pays a cash dividend with
respect to its Common Stock, the Stock Subaccount of each Eligible Director who has
shares of Common Stock credited to his/her Stock Subaccount on the record date for such
dividend shall be credited with additional shares of Common Stock (including any
fractional share) with a market value (as determined under Paragraph 6) equal to the
dividend per share paid by the Company with respect to its Common Stock times the
number of shares in the Stock Subaccount on the record date for such dividend.

9. Nature of Account.

The Account (and the Subaccounts) shall be utilized solely as a device for the measurement and
determination of the amount of deferred compensation payable/distributable under the Plan. The
Account shall not constitute or be treated as a trust fund of any kind. Director Fees deferred
hereunder and credited to a Director’s Account shall at all times, remain the property of the
Company, and no Eligible Director shall acquire any property interest in the Account, his/her right
being limited to receiving from the Company, deferred payments/distributions as calculated by the
Plan, such right being further conditioned upon continued compliance with the terms and conditions
of the Plan. The Company shall be under no obligation to issue, or acquire, shares of Common Stock
in connection with the crediting of shares to the Stock Subaccount. Shares credited to the Stock
Subaccount shall have no voting rights or be entitled to dividends or

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distributions of any kind
except as provided in Paragraphs 8(b) and 11 hereof. The right of an Eligible Director to receive
benefits under the Plan is no greater than the right of any unsecured general creditor of the
Company.

10. Distribution of Director Fees Deferred Under the Plan.

	 	(a)	 	An Eligible Director shall elect in his/her Initial Election to have his/her
Account paid to him/her in either of the following ways (with such Distribution
Election irrevocable once made, except as provided in Paragraphs 10(b) and 12):

	 	(i)	 	in a lump sum on January 31 of the first calendar year after
the Eligible Director’s Cessation of Service, or on January 31 of any calendar
year thereafter;
	 
	 	(ii)	 	in five (5) consecutive annual installments commencing on
January 31 of the first calendar year after the Eligible Director’s Cessation
of Service.
	 
	 	 	 	If an Eligible Director makes no such written election, the balance in
his/her Account shall be paid in a lump sum on January 31 of the first
calendar year after the Eligible Director’s Cessation of Service. In the
event of the death of an Eligible Director, the balance in his/her Account
shall be paid in a lump sum to the Eligible Director’s designated
beneficiary (or to his/her estate in the absence of any beneficiary
designation), on January 31 of the first calendar year following the date of
death.

	 	(b)	 	Notwithstanding anything in Paragraph 10(a) to the contrary, prior to
December 31, 2008 an Eligible Director may change an Initial Election or Subsequent
Election as to his/her Distribution Election in accordance with transitional
guidance under Section 409A of the Code.
	 
	 	(c)	 	In the event that (i) an Eligible Director elects to have his/her Account
distributed to him/her in annual installments, and (ii) at the time of his/her
Cessation of Service there are shares of Common Stock credited to such Eligible
Director’s Stock Subaccount, each annual installment shall consist of: (A) the dollar
amount in his/her Cash Subaccount (including accruals of interest from time to time
after such Cessation of Service pursuant to Paragraph 8(a)) divided by the number of
remaining installments; plus (B) the number of shares of Common Stock in his/her Stock
Subaccount (including any increases therein pursuant to crediting of dividends from
time to time after such Cessation of Service pursuant to Paragraph 8(b)) divided by
the number of remaining installments, rounded to the nearest whole share.
	 
	 	(d)	 	Distributions from the Stock Subaccount shall be made in-kind and consist of
one or more certificates representing the number of shares of Common Stock then being
distributed. Any shares so distributed may consist of newly-issued shares, treasury
shares, or a combination thereof. In the case of any lump-sum

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	 	 	 	distribution of Common
Stock from an Eligible Director’s Stock Subaccount, and in the case of the final
installment distribution of Common Stock from an Eligible Director’s Stock Subaccount,
there remains any fractional share of Common Stock in such Stock Subaccount, then cash
shall be distributed in lieu of such fractional share, determined with reference to the
market value (as determined under Paragraph 6) of a whole share of Common Stock on the
date of such distribution.

11. Change in Shares.

In the event of any change in the outstanding shares of Common Stock that occurs by reason of a
stock dividend or split, recapitalization, merger, consolidation, combination, spin-off, split-up,
exchange of shares or other similar corporate change, the number of shares of Common Stock in each
Stock Subaccount, and the maximum number of shares issuable under the Plan as provided in Paragraph
20, shall be adjusted accordingly.

12. Disability.

In the event of the Disability of an Eligible Director, the balance in his/her Account shall be
paid in a lump sum on January 31 of the first calendar year following the date of Disability. For
purposes of the Plan, “Disability” shall mean (i) the Eligible Director is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months; (ii) the Eligible Director is, by reason of any medically determinable
physical or mental impairment that can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, receiving income replacement benefits for a
period of not less than 3 months under an accident and health plan covering the Eligible Director;
or (iii) the Eligible Director is determined to be totally disabled by the Social Security
Administration.

13. Designation of Beneficiary.

An Eligible Director may designate one or more beneficiaries who are to receive all of the
funds/shares in the Eligible Director’s Account which remain unpaid/undistributed at the Eligible

Director’s death. Such designation shall be effective by filing an Initial Election, and such
beneficiary designation may be changed at any time by filing a Subsequent Election. If no
beneficiary designation is made by an Eligible Director, any Account balance shall be
paid/distributed to the Eligible Director’s estate.

14. Nonassignment.

Neither an Eligible Director, nor his duly designated beneficiary, shall have any right to assign,
transfer or pledge or otherwise convey the right to receive any amount of compensation which may be
due hereunder, and any such attempt at assignment, transfer, pledge or other conveyance shall not
be recognized by the Company.

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15. Amendment of the Plan.

This Plan may be amended from time to time by resolution of the Board of Directors of the Company,
but no such amendment shall permit amounts accumulated pursuant to the Plan, prior to the
amendment, to be paid to an Eligible Director prior to the time that he/she would otherwise be
entitled thereto.

16. Termination of the Plan.

The Plan will continue in effect until termination by resolution of the Board of Directors of the
Company, but in the event of such termination, the amounts accumulated pursuant to the Plan, prior
to termination, shall continue to be subject to the provisions of the Plan, as if the Plan had not
been terminated.

17. Termination of Active Participation.

An Eligible Director who has previously elected to participate in the Plan may file a Subsequent
Election terminating his/her active participation in the Plan, which shall become effective as of
the last day of the plan year in which the Eligible Director terminates his/her active
participation in the Plan. Such termination shall be effective with respect to all Director Fees
earned by the Eligible Director after the last day of the plan year in which the Company receives
such Subsequent Election, which fees shall then be payable to such Eligible Director in accordance
with Company policy but otherwise than under the Plan, and such Eligible Director shall only be
entitled to receive Director Fees previously deferred under the Plan as provided in Paragraph 10.

A termination of active participation pursuant to this Paragraph 17 shall not in any way preclude
an Eligible Director from thereafter filing an Initial Election and thereby re-elect to actively
participate in the Plan, provided such election complies with the provisions of Paragraphs 7 and
10.

18. Maximum Number of Shares.

The maximum number of shares of Common Stock that may be issued hereunder is 200,000, subject to
adjustment as provided in Paragraph 11.

19. Tax Matters.

	 	(a)	 	All distributions, payments and benefits under this Plan shall be subject to
all income and employment tax withholdings as required under applicable federal, state
or local tax laws and regulations.
	 
	 	(b)	 	It is the intention of the Company that this Plan comply with the requirements
of Section 409A of the Code and any guidance issued thereunder, and the Plan shall be
interpreted, construed, operated and administered in accordance with Section 409A of
the Code. Notwithstanding anything in this Plan to the contrary, the Company does not
guarantee the tax treatment of any payments or benefits under this Plan, whether
pursuant to the Code, federal, state or local tax laws or regulations.

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	 	(c)	 	If, for any reason, all or any portion of an Eligible Director’s Account
balance under this Plan becomes taxable to the Eligible Director prior to receipt, the
Administrator may distribute to such Eligible Director a portion of his/her Account
balance:

	 	(i)	 	for payment of state, local or foreign taxes
and the income tax withholding related to such state, local and foreign
tax amount;
	 
	 	(ii)	 	for payment of employment taxes (to the extent
necessary to pay the Federal Insurance Contributions Act tax amount
(the “FICA Amount”) and any Federal, state, local or foreign income tax
withholding on the FICA
Amount); and/or
	 
	 	(iii)	 	required to be included in income as result of Section 409A of the Code.

Any distributions under this Paragraph shall affect and reduce the Account balance to be paid to
the Eligible Director under this Plan.

	 	(d)	 	The Company shall indemnify the Eligible Director if the Eligible Director
incurs additional tax under Section 409A of the Code as a result of a violation of
Section 409A of the Code under this Plan (an “Indemnified Section 409A Violation”) that
occurs as a result of (1) the Company’s clerical error (other than an error cause by
erroneous information provided to the Company by the Eligible Director), (2) the
Company’s failure to administer this Plan in accordance with its written terms (such
written terms, the “Plan Document”), or (3) following December 31, 2008, the Company’s
failure to maintain the Plan Document in compliance with Section 409A of the Code;
provided, that the indemnification set forth in clause (3) shall not be available to
the Eligible Director if (x) the Company has made a reasonable, good faith attempt to
maintain the Plan Document in compliance with Code Section 409A but has failed to do so
or (y) the Company has maintained the Plan Document in compliance with Section 409A of
the Code but subsequent issuance by the Internal Revenue Service or the Department of
the Treasury of interpretive authority results in the Plan Document not (or no longer)
complying with Section 409A of the Code (except that, if the Company is permitted by
such authority or other authority to amend the Plan Document to bring the Plan Document
into compliance with Section 409A of the Code and fails to do so, then such
indemnification shall be provided).

	 	(i)	 	In the event of an Indemnified Section 409A
Violation, the Company shall reimburse the Eligible Director for (1)
the 20% additional income tax described in Section 409A(a)(1)(B)(i)(II)
of the Code (to the extent that the Eligible Director incurs the 20%
additional income tax as a result of the Indemnified Section 409A
Violation), and (2) any interest or penalty that is assessed with
respect to the Eligible Director’s failure to make a timely payment of
the 20% additional income tax described in clause (1), provided that
the Eligible Director pays the 20% additional income tax

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	 	 	 	promptly upon
being notified that the tax is due (the amounts described in clause (1)
and clause (2) are referred to collectively as the “Section 409A Tax”).
	 
	 	(ii)	 	In addition, in the event of an Indemnified
Section 409A Violation, the Company shall make a payment (the “Section
409A Gross-Up Payment”) to the Eligible Director such that the net
amount the Eligible Director retains, after paying any federal, state,
or local income tax or FICA tax on the Section 409A Gross-Up Payment,
shall be equal to the Section 409A Tax. The Eligible Director shall
reasonably cooperate with measures identified by the Company that are
intended to mitigate the Section 409A Tax to the extent that such
measures do not materially reduce or delay the payments and benefits to
the Eligible Director hereunder.

	 	 	 	 	 	 	 
	 	 	SENSIENT TECHNOLOGIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By

Name:	 	/s/ Douglas S. Pepper
 

Douglas S. Pepper	 	 
	 
	 
	 	Title:	 	Vice President-Administration	 	 

	 	 	 	 	 
	ATTEST:
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ John L. Hammond
 

	 	 

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EXHIBIT A

SENSIENT TECHNOLOGIES CORPORATION

DIRECTORS’ DEFERRED COMPENSATION PLAN

PLAN ELECTION FORM

Sensient Technologies Corporation

777 E. Wisconsin Avenue

Milwaukee, WI 53202

Attention: John L. Hammond

Gentlemen:

      I understand that as a director of Sensient Technologies Corporation (the “Company”) I am
eligible to participate in the Sensient Technologies Corporation Directors’ Deferred Compensation
Plan, as amended and restated (the “Plan”) a copy of which has been furnished to me.

      This document constitutes:

ELECTION

	 	 	 
	[_]

	 	An Initial Election under Paragraph 5(a) of the Plan. By checking this box I hereby elect to
participate in the Plan, and to be bound by the terms and conditions of the Plan. I hereby
elect to defer receipt of the Director Fees to which I become entitled in the future as set
forth under “PLAN ELECTIONS” on page 2.

      Complete all items under “PLAN ELECTIONS” on page 2 and sign and date this form on page 3.

	 	 	 
	[_]

	 	A Subsequent Election under Paragraph 5(b) of the Plan (in which case this Subsequent
Election amends and supersedes my Initial Election and any prior Subsequent Elections I may
have made, but only with respect to the Deferral Portion, Plan Allocation or Designation of
Beneficiary). I hereby elect to defer receipt of the Director Fees to which I become entitled
in the future as set forth under “PLAN ELECTIONS” on page 2.

      Complete all items under “PLAN ELECTIONS” on page 2 (even if some of the information has not
changed) and sign and date this form on page 3.

OR

TERMINATION OF PARTICIPATION

	 	 	 
	[_]

	 	I hereby terminate my participation in the Plan, effective as of the last day of the calendar
year, as provided in Paragraph 17 of the Plan.
	 
	 	 
	 

	 	Sign and date this form on page 3.

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PLAN ELECTIONS

	 	 	 
	A.

	 	Deferral Portion (Plan Paragraph 5(a)(i)):
	 
	 	 
	 

	 	I hereby elect to defer (circle one)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	10	%	 	 	20	%	 	 	30	%	 	 	40	%	 	 	50	%	 	 	60	%	 	 	70	%	 	 	80	%	 	 	90	%	 	 	100	%

	 	 	 
	 

	 	of the Director Fees to which I become entitled in the future.
	 
	 	 
	B.

	 	Plan Allocation (Plan Paragraph 5(a)(ii)):
	 
	 	 
	 

	 	I hereby elect to allocate the amount deferred above as follows (circle one in each row;
total must equal 100%):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Cash Subaccount
	 	 	0	%	 	 	10	%	 	 	20	%	 	 	30	%	 	 	40	%	 	 	50	%	 	 	60	%	 	 	70	%	 	 	80	%	 	 	90	%	 	 	100	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Stock Subaccount
	 	 	0	%	 	 	10	%	 	 	20	%	 	 	30	%	 	 	40	%	 	 	50	%	 	 	60	%	 	 	70	%	 	 	80	%	 	 	90	%	 	 	100	%

	C.	 	Distribution Election (Plan Paragraph 10):

      I hereby elect to have the balance in my Account paid to me in accordance with the following
payment election:

	 	 	 
	[_]

	 	In a lump sum on January 31 of the first calendar year after my
Cessation of Service (as defined in the Plan),
	 
	 	 
	[_]

	 	In a lump sum on January 31, 20___(after my Cessation of Service as
defined in the Plan),
	 
	 	 
	[_]

	 	In five (5) consecutive annual installments commencing on January 31
of the first calendar year after my Cessation of Service (as defined
in the Plan).

      I understand that if I do not elect any payment option the balance in my Account will be paid
in a lump sum on January 31 of the first calendar year after my Cessation of Service (as defined in
the Plan).

      I further understand that once made, my Distribution Election is irrevocable and may not be
changed by a Subsequent Election.

	D.	 	Beneficiary Designation (Plan Paragraph 13):

      I hereby designate the following named beneficiaries to receive all the funds in my Deferred
Compensation Account which may remain unpaid at my death:

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	 	 	 	 	 	 	 	 	 	 	Percent (must	 
	Name of Beneficiary	 	Address	 	 	Relationship	 	 	total 100%)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Percent (must	 
	Name of Contingent Beneficiary	 	Address	 	 	Relationship	 	 	total 100%)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

(attach additional sheet if necessary)

If no beneficiary designation is made, I understand that the balance in my Account will be paid to
my estate.

     I understand that the elections and directions contained herein supersede any prior elections
and directions I may have made in the past and shall remain effective until I file a Subsequent
Election changing any of the elections or directions contained herein or terminating my
participation in the Plan.

Dated

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Director	 	 
	 
	 	 	 	 	 	 
	 	 	SENSIENT TECHNOLOGIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Secretary	 	 

11EX-10.4.A

Exhibit 10.4(a)

SENSIENT TECHNOLOGIES CORPORATION

FROZEN EXECUTIVE INCOME DEFERRAL PLAN

(Amended and Restated as of December 31, 2004)

ARTICLE I — PURPOSE

The Sensient Technologies Corporation Executive Income Deferral Plan was established, effective as
of July 15, 1987 and amended and restated as of December 31, 2002 (the “Original Plan”), by
Sensient Technologies Corporation (formerly known as Universal Foods Corporation), a Wisconsin
corporation, as an alternative voluntary income deferral plan for selected executive employees of
Sensient Technologies Corporation and its participating subsidiaries. Following the enactment of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”): (i) the Original Plan
was frozen, as amended and restated herein, to maintain grandfathered benefits as of December 31,
2004 to the extent permitted under Section 409A of the Code (the “Plan”); and (ii) a new, ongoing
deferral plan subject to Section 409A of the Code was adopted for deferrals on and after January 1,
2005 and any amounts not vested and accrued as of that date.

This Plan is intended to be operated in accordance with the provisions of the Original Plan as in
effect as of December 31, 2004. All benefits under the Original Plan that were vested and accrued
as of December 31, 2004, together with all subsequent earnings thereon, are governed under this
Plan. No new participants are allowed in the Plan after December 31, 2004 and no deferrals of
compensation may be credited after that date.

ARTICLE II — DEFINITIONS

2.1 Account: The bookkeeping account maintained by the Administrator, credited to each
Participant, of the amount vested and accrued as of the Freeze Date, as set forth in Schedule A
attached hereto, as further adjusted by Interest Credits after such date.

2.2 Administrator: The Vice President of Administration of the Company.

2.3 Beneficiary: Any person or persons as designated by the Participant in writing filed
with the Administrator, to whom any benefits under the Plan may be payable upon the death of the
Participant. If no Beneficiary designation has been received by the Administrator, prior to the
Participant’s death, or if no Beneficiary so designated survives the Participant, payments shall be
made, as they come due, to the duly appointed personal representative of the estate of the
Participant.

2.4 Benefits Administrative Committee: The benefits administrative committee of the
Company, members of which are appointed by the chief executive officer of the Company.

2.5 Board: The board of directors of the Company, or a duly authorized committee of such
Board.

 

 

2.6 Company: Sensient Technologies Corporation.

2.7 Employer: The Company or any of its subsidiaries whose employees were permitted, by
action of the Board, to participate in this Plan.

2.8 Freeze Date: December 31, 2004.

2.9 Interest Credit: An amount credited to each Participant’s Account: (i) with respect
to amounts deferred on and after January 1, 1993, based on the average interest rate in effect for
AAA rated corporate bonds, as reported by Moody’s Investors Service, as of December 31 of the
preceding calendar year; and (ii) with respect to amounts deferred before January 1, 1993, based on
the interest rate in effect as of December 31, 1992.

2.10 Participant: A person who, as of the Freeze Date: (i) has an Account under the
Original Plan; and (ii) has satisfied the requirements to have a Retirement Date under the terms of
the Original Plan.

2.11 Retirement: The termination of a Participant’s employment with the Employer and all
of the Company’s affiliates on or after the Participant’s Retirement Date. Nothing in this Plan
shall be deemed to require a Participant’s or employee’s retirement after his or her Retirement
Date; provided, however, that this provision shall not be construed to be a
guaranty of employment for any Participant or employee past his or her Retirement Date.

2.12 Retirement Date: The earliest date on which one of the following events has occurred:

     (a) The Participant has attained age of at least 55 and the aggregate of the Participant’s age
and years of service with the Employer or the Company’s affiliates totals at least 85; or

     (b) The Participant has attained age of at least 62 and has completed at least 10 years of
service with the Employer or the Company’s affiliates.

ARTICLE III — PARTICIPATION

No person is eligible for or may begin participation in the Plan following the Freeze Date.

ARTICLE IV — DEFERRALS

No deferrals pursuant to the Plan are permitted following the Freeze Date.

2

 

ARTICLE V — ACCOUNTS

5.1 Interest Credits: Amounts credited to each Account will be adjusted for Interest
Credits from and after the Freeze Date. Interest Credits are credited to each Account as of
December 31 of each year on the Account balance from the preceding year.

5.2 Annual Statements: Participants will receive annual statements showing the status of
their Accounts.

ARTICLE VI — BENEFITS

6.1 At Retirement:

     (a) As soon as administratively feasible following the Participant’s Retirement, the
Participant shall commence to receive payment of his or her Account balance (with such Account
balance credited with interest through the end of the month prior to the month which includes the
Participant’s Retirement, and with the portion of such adjusted Account balance attributable to
deferrals made on and after January 1, 1993 then increased by two percent (2%)) so that complete
distribution of this Account balance, determined utilizing the Interest Credit rate(s) applicable
to the Account balance as of December 31 of the preceding year, occurs in 180 substantially equal
monthly payments. In the event the Participant does not survive to receive 180 monthly payments,
payments will continue to his or her Beneficiary for the remaining period.

     (b) Alternatively, upon Retirement, a married Participant may elect to receive the 15-year
term certain amount determined under (a) above, reduced by the applicable percentage as provided in
the chart below, and payable monthly in the form of a joint and 50% survivor annuity over the life
of the Participant and his or her spouse (and only if the Participant’s spouse is his or her sole
designated Beneficiary) to commence as soon as administratively feasible following the
Participant’s Retirement. The minimum benefit to be paid will be equal to the 15-year term certain
amount determined under paragraph (a) above, but then reduced as provided hereafter. After the
death of the later to die of the Participant and the Participant’s spouse, the designated
beneficiary shall receive the remainder of such minimum benefit, if any, payable monthly. The
reductions from the 15-year term certain amounts in order to compute the joint and 50% survivor
annuity are:

3

 

	 	 	 	 	 
	Participant’s Age	 	% Reduction
	55
	 	 	20	 
	56
	 	 	19	 
	57
	 	 	18	 
	58
	 	 	17	 
	59
	 	 	16	 
	60
	 	 	15	 
	61
	 	 	13	 
	62
	 	 	12	 
	63
	 	 	10	 
	64
	 	 	9	 
	65 or older
	 	 	8	 

     (c) Notwithstanding paragraphs (a) and (b) above, a Participant may elect to receive a lump
sum distribution of his or her Account balance, equal to the adjusted Account balance as determined
under (a) above, payable as soon as administratively feasible following Retirement but only if the
Participant makes such election at least one full calendar year prior to Retirement. A Participant
may revoke an election to receive a lump sum, but such revocation shall not be effective unless
made at least one full calendar year prior to his or her Retirement.

6.2 At Death Before Retirement: In the event a Participant dies prior to Retirement, his
or her Beneficiary will receive a survivor income benefit payable monthly for 15 years to commence
as soon as administratively feasible following the Participant’s death. The payments will be
computed as provided in Section 6.1(a) (with the Participant’s Account balance credited with
interest through the end of the month prior to the month which includes the Participant’s death),
but without regard to a two percent (2%) Account balance increase unless the Participant died on or
after his or her Retirement Date.

6.3 Termination of Employment: Upon termination of a Participant’s employment with the
Employer and the Company’s affiliates for any reason other than Retirement or death, the
Participant will receive his or her Account balance payable in a lump sum as soon as
administratively feasible following termination of employment.

6.4 No In-Service Election: Except as provided in Section 7.1, a Participant shall not be
permitted to make any in-service distribution elections.

ARTICLE VII — ACCOUNT WITHDRAWALS

7.1 Hardship: A Participant may request a withdrawal from his or her Account only as a
result of unanticipated, financial emergency and hardship which is beyond the control of the
Participant and only if this is necessary in light of the immediate and serious financial need of
the Participant. The amount, if any, of a Participant’s withdrawal from his or her Account shall
be approved by the Administrator, but may not exceed the amount required to meet the Participant’s
immediate and serious financial need by reason of such emergency or hardship.

4

 

7.2 Request to Make a Withdrawal: A Participant shall submit to the Administrator, a
written request to make a withdrawal from his or her Account pursuant to this Article, which
submission shall include financial data and other information deemed necessary by the
Administrator, to support the request.

ARTICLE VIII — CHANGE OF CONTROL OF COMPANY

8.1 Lump Sum Distribution: Notwithstanding any other provision of this Plan, in the event
of the Change of Control of the Company, each Participant (or, if the Participant is deceased, the
Participant’s Beneficiary) shall receive a lump sum distribution of his or her Account balance (or,
if already in pay status, a lump sum distribution of the actuarially equivalent present value of
his or her remaining payments) as soon as administratively feasible after the date of such Change
of Control. If the Participant is receiving monthly payments as of the date of the Change of
Control, the assumptions regarding the interest rate and the duration of payments to be applied in
calculating the actuarial present value, as of the date of the Change of Control, of the
Participant’s remaining payments shall be determined by the Administrator.

8.2 For purposes of this Plan, the term “Change of Control” of the Company means:

     (a) 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 (the “Exchange Act”) (a “Person”) of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of
either (i) the then outstanding shares of common stock of the Company (the “Outstanding Company
Common Stock”) or (ii) 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 paragraph (a), the following
acquisitions shall not constitute a Change of Control: (A) any acquisition directly from the
Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by the Company or any corporation controlled by the Company
or (D) any acquisition pursuant to a transaction which complies with clauses (i), (ii) and (iii) of
paragraph (c) of this Section; or

     (b) individuals who, as of September 10, 1998, constitute the Board (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the Board; 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; or

5

 

     (c) 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, (i) 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, (ii) 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, 20% 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 (iii) 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

     (d) approval by the shareholders of the Company of a complete liquidation or dissolution of
the Company.

ARTICLE IX — ADMINISTRATION; BENEFIT CLAIMS

9.1 Administration: The Administrator shall be responsible for the general operation and
administration of this Plan and shall have the full authority to interpret and construe this Plan
and to take whatever actions it deems necessary and proper to carry out its obligations under the
Plan. Day-to-day to administration of the Plan is the responsibility of the Administrator.

     (a) The Administrator’s interpretation and construction of the Plan, and actions thereunder,
shall be binding and conclusive on all persons and for all purposes.

     (b) The Administrator will not be prevented from receiving any benefits to which he or she may
be entitled as a Participant or Beneficiary in the Plan, so long as the benefits are computed and
paid on a basis which is consistent with the terms of the Plan as applied to all other Participants
and Beneficiaries. The Administrator may not decide or determine any matter or question relating
solely to his or her own benefits under the Plan unless such decision could be made by him or her
under the Plan if he or she were not the Administrator.

6

 

9.2 Claims Procedures:

     (a) Any claimant believing him/herself to be entitled to benefits under this Plan may file a
written claim for benefits with the Administrator setting forth the benefits to which he/she feels
entitled and the reasons therefor. Within 90 days after receipt of a claim for benefits, the
Administrator shall determine the claimant’s right, if any, to the benefits claimed, shall give the
claimant written notice of its decision unless the Administrator determines that special
circumstances require an extension of time to process the claim. If such an extension is required,
the claimant will receive a written notice from the Administrator indicating the reason for the
delay and the date the claimant may expect a final decision, which shall be no more than 180 days
from the date the claim was filed. If the claim is denied in whole or in part, the written notice
shall set forth in a manner calculated to be understood by the claimant (i) the specific reason or
reasons for the denial; (ii) specific reference to pertinent Plan provisions on which the denial is
based; (iii) a description of any additional material or information necessary for the claimant to
perfect the claim and an explanation of why such material or information is necessary; and (iv) an
explanation of the Plan’s appeal procedure and a statement of the claimant’s right to bring an
action under the Employee Retirement Income Security Act of 1974, as it may be amended, and
regulations thereunder (“ERISA”) Section 502(a) following an adverse determination on appeal.

     (b) Any claimant whose claim for benefits has been denied by the Administrator may appeal to
the Benefits Administrative Committee (or its delegate) for a review of the denial by making a
written request therefore within 60 days of receipt of a notification of denial. Any such request
may include any written comments, documents, records and other information relating to the claim
and may include a request for “relevant” documents to be provided free of charge. The claimant
may, if he or she chooses, request a representative to make such written submissions on his or her
behalf.

          (i) Within 60 days after receipt of a request for an appeal, the Benefits Administrative
Committee (or its delegate) shall notify the claimant in writing of its final decision. If the
Benefits Administrative Committee (or its delegate) determines that special circumstances require
additional time for processing, the Benefits Administrative Committee (or its delegate) may extend
such 60 day period, but not by more than an additional 60 days, and shall notify the claimant in
writing of such extension. If the period of time is extended due to a claimant’s failure to submit
information necessary to decide a claim, the period for making the benefit determination on appeal
shall be tolled from the date on which the notification of the extension is sent to the claimant
until the date on which the claimant responds to the request for additional information.

          (ii) In the case of an adverse benefit determination on appeal, the Benefits Administrative
Committee (or its delegate) will provide written notification to the claimant, set forth in a
manner calculated to be understood by the claimant, of: (A) the specific reason or reasons for the
adverse determination on appeal; (B) the specific Plan provisions on which the denial of the appeal
is based; (C) a statement that the claimant is entitled to receive, upon request and free of
charge, reasonable access to, and copies of all documents, records, and other information
“relevant” to the claimant’s claim

7

 

for benefits; and (D) a statement of the claimant’s right to bring a civil action under ERISA
Section 502(a).

     (c) In the event the claimant is the Administrator, the Benefits Administrative Committee (or
its delegate) shall conduct both the review of the initial claim for benefits under Section 9.2(a),
as well as the appeal under Section 9.2(b).

     (d) For purposes of this Section, a document, record or other information shall be considered
“relevant” to a claimant’s claim if such document, record or other information: (i) was relied upon
in making the benefit determination; (ii) was submitted, considered, or generated in the course of
making the benefit determination, without regard to whether such document, record, or other
information was relied upon in making the benefit determination; or (iii) demonstrates compliance
with the administrative processes and safeguards required in making the benefit determination.

ARTICLE X — MISCELLANEOUS

10.1 Amendment or Termination: The Company, by action of the Board, reserves the right to
modify, amend or terminate the Plan at any time, provided, however, that: (i) no such action shall
have the effect of diminishing the benefits payable hereunder, with respect to any person
participating in or receiving benefits under this Plan, without the written consent of such person;
or (ii) no such action shall constitute a material modification as defined in Section 409A of the
Code. If the Plan terminates, the provisions of Section 8.1 shall apply as if a Change of Control
of the Company had occurred.

10.2 Unfunded Top-Hat Plan: For purposes of Title I of ERISA and for purposes of the Code,
this Plan is intended to be unfunded and to be maintained primarily for the purpose of providing
deferred compensation for a select group of management or highly compensated employees, and shall
be interpreted accordingly. The status of Participants and their Beneficiaries with respect to any
liabilities assumed by the Employer hereunder shall be solely those of general unsecured creditors
of the Employer, and the Plan constitutes a mere promise by the Company to make benefit payments in
the future. Notwithstanding the foregoing, the Employer may establish a trust to assist it in
meeting its obligations hereunder, but Participants and Beneficiaries shall have no preferred claim
on, or any beneficial ownership interest in, any assets of such trust.

10.3 Tax Matters:

     (a) All distributions, payments and benefits under this Plan shall be subject to all income
and employment tax withholdings as required under applicable federal, state or local tax laws and
regulations.

     (b) It is the intention of the Company that all distributions, payments and benefits under
this Plan as of the Freeze Date are grandfathered under Section 409A of the Code, and the Plan
shall be interpreted, operated and administered accordingly. To the extent that any provision of
the Plan, or the exercise of any discretion under this Plan by the Company, the Administrator or
the Benefits Administrative Committee, would

8

 

constitute a “material modification” of the Plan within the meaning of Section 409A of the
Code, such provision or exercise of discretion will be deemed null and void to the extent necessary
to maintain the Plan’s grandfathered status under Section 409A of the Code.

10.4 No Assignment or Alienation: Except as contemplated by Section 2.3, no rights of any
kind under this Plan shall, without the written consent of the Administrator, be transferable or
assignable by the Participant or any Beneficiary or be subject to alienation, encumbrance,
garnishment, attachment, execution or levy or seizure by legal process of any kind, voluntary or
involuntary. Notwithstanding the preceding sentence, pursuant to rules comparable to those
applicable to qualified domestic relations orders (“QDROs”), as determined by the Administrator,
the Administrator may direct a distribution, prior to any distribution date otherwise described in
the Plan, to an alternate payee (as defined under the rules applicable to QDROs).

10.5 Successors and Assigns:

     (a) The Plan shall be binding upon the Participant, his or her Beneficiaries, heirs,
executors, administrators, successors and assigns. The foregoing sentence shall not be construed
as a waiver of the provisions of Section 10.4.

     (b) If the Company sells, assigns or transfers all or substantially all of its business and
assets to any person, excluding its affiliates, or if the Company merges into or consolidates or
otherwise combines with any person which is a continuing or successor entity, then the Company
shall assign all of its right, title and interest in this Plan as of the date of such event to the
person which is either the acquiring or successor entity, and such person(s) shall assume and
perform from and after the date of such assignment all of the terms, conditions and provisions
imposed by this Plan upon the Company. In case of such assignment by the Company and of such
assumption and agreement by such person(s), all further rights as well as all other obligations of
the Company under this Plan thenceforth shall cease and terminate and thereafter the term
“Company” wherever used herein shall be deemed to mean such person(s) the Company and the
Administrator may determine that provisions similar to those described in this Section 10.5(b)
shall apply if one or more affiliates of, but not all or substantially all of, the Company are
divested and the acquiring or successor entity agrees to assume sponsorship of the Plan with
respect to affected Participants. However, if the acquiring or successor entity does not so agree,
the Plan shall be considered as having terminated with respect to Participants whose employment
with the Employer and the Company’s affiliates terminates as a result of such transaction.

10.6 Other Plans or Agreements: The benefits payable under the Plan shall be independent
of, and in addition to, any other plan or agreement relating to a Participant’s employment that may
exist from time to time between the parties hereto, or any other compensation payable by the
Employer to a Participant, whether salary, bonus or otherwise. The Plan shall not be deemed to
constitute a contract of employment between the parties hereto, nor shall any provision hereof
restrict the right of the Employer and its

9

 

affiliates to discharge a Participant or restrict the right of a Participant to terminate his or
her employment.

10.7 Governing Law and Rules of Construction: To the extent not governed by federal law,
this Plan shall be construed according to the laws of Wisconsin, and neither the Administrator, the
Benefits Administrative Committee, the Company, nor the Plan shall be under any duty or obligation
to account to any court other than a court in Wisconsin. Reference to a section of the Code or of
ERISA includes that section and any comparable section or sections of any future legislation that
amends, supplements or supersedes that section, as well as to any Regulation pertaining to that
section.

10.8 Adoption of Plan: Any subsidiary of the Company which, with the consent of the Board
(which consent may be revoked without notice), has adopted the Plan and become a participating
Employer is deemed to have appointed the Company, the Administrator and the Benefits Administrative
Committee as its exclusive agents to exercise on its behalf all of the power and authority
conferred by the Plan upon the Company, the Administrator or the Benefits Administrative Committee.
The authority of the Company, the Administrator and the Benefits Administrative Committee to act
as such agents shall continue until the Plan is terminated as to the participating Employer. Each
participating Employer agrees to perform such other acts as the Administrator deems necessary in
order to maintain the Plan’s status as an unfunded top-hat plan under ERISA and the Code.

10.9 Release: To the extent allowed by law, any final payment or distribution to any
Participant or his or her legal representative, or to any Beneficiaries of such Participant, in
accordance with the provisions of this Plan shall be in full satisfaction of all claims arising
under or by virtue of this Plan against the Plan, the Administrator, the Benefits Administrative
Committee, the Company, an Employer and its directors, officers, employees and affiliates, and any
trust described under Section 10.2.

10

 

IN WITNESS WHEREOF, the Company has caused this instrument to be executed this 22nd day of October,
2008.

	 	 	 	 	 	 	 
	 	 	SENSIENT TECHNOLOGIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Douglas S. Pepper	 	 
	 

	 	 	 	 	 	 
	 	 	Douglas S. Pepper	 	 
	 	 	Vice President-Administration	 	 

	 	 	 	 	 
	ATTEST:	 	 
	By:

	 	/s/ John L. Hammond
	 	 
	 

	 	 	 	 

11

 

SCHEDULE A

PARTICIPANT ACCOUNT BALANCE AS OF THE FREEZE DATE

	 	 	 	 	 
	 	 	BALANCE AS OF
	PARTICIPANT	 	DECEMBER 31, 2004
	 
	 	$	298,004	 

12

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