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Exhibit 10 (xiv)(a)    
  

 
  Supplemental Executive Long-Term Disability Benefit Plan
  of Great Lakes Chemical Corporation    
  

        WHEREAS, the Board of Directors of Great Lakes Chemical Corporation (the "Company") has previously approved the establishment of the Great Lakes Chemical
Corporation Funded Benefit Plan (the "Funded Plan") that provides long-term disability benefits (LTD benefits of the Funded Plan) for eligible employees of the Company, including the
senior executives of the Company; and 

        WHEREAS,
the Funded Plan is funded through a voluntary employees' beneficiary association (VEBA) that operates in accordance with applicable federal law and which must comply with the
recent changes in the law that limit the compensation that may be considered under such Funded Plan to $150,000; and 

        WHEREAS,
the Funded Plan LTD benefits are determined as a percentage of basic monthly earnings and that the application of the $150,000 annual compensation limit prohibits the
senior executives of the Company from receiving the full LTD benefits originally intended; and 

        WHEREAS,
the Board of Directors has approved the establishment of a Supplemental Executive Long-Term Disability Benefit Plan (the "Plan") that will restore for named senior
executives of the Company most of the LTD benefits that are lost as a result of the compensation limit. Such Supplemental Executive Long-Term Disability Benefit Plan of Great Lakes
Chemical Corporation shall be effective January 1, 1995 and is set forth below. 

        I.
Eligibility

Those
employees of the Company or one of its Affiliates with base pay in any calendar year in excess of $150,000 (or such higher amount determined by the Secretary of Treasury) and who have been named
by the Board of Directors of the Company as a participant in the Plan. A person who is named by the Board of Directors as a participant shall have his name entered on Appendix A as of the date
as of which he became a participant. 

        II.
Benefits

	(a)
	The
monthly benefit provided by the Plan, if any, shall equal the percentage, either 50% or 60% of basic monthly earnings as defined in the LTD benefit of the Funded Plan, as
elected by the participant on a form to be furnished to the Director, Human Resources, of the Company of the participant's basic monthly earnings in excess of $150,000, or such higher amount as
determined by the Secretary of the Treasury under Section 505(b) of the Internal Revenue Code.

	(b)
	The
benefit described in II(a) above, shall be determined in accordance with the provisions of the LTD benefit of the Funded Plan, and except as provided herein, all such
terms, conditions and definitions of the LTD benefit of the Funded Plan shall control for purposes of the Plan including, but not limited to, when benefits are payable, exclusions, claims
information, when coverage starts and stops and definitions.

	(c)
	The
benefit shall be provided by the Company as no cost to the participant; all Plan benefits shall be paid from the general assets of the Company. The Plan is not funded. The Company
may at its discretion supplement the benefit described above by an additional payment designed to pay the income tax liability of the participant for the benefit provided by the Plan. 

        III.
Amendment and Administration

	(a)
	The
Company intends the Plan to be permanent, but reserves the right at any time to modify, amend, or terminate the Plan, provided that the Company shall not cancel, reduce, or
otherwise adversely affect the amount of benefits of any participant accrued as of the date of any such modification, amendment, or termination, without the consent of the participant. 

	(b)
	The
Plan shall be administered by the Board of Directors of the Company, which shall be authorized to interpret the Plan, to adopt rules and practices concerning the administration of
the Plan, to resolve questions concerning the eligibility for the amount of the benefit, and to delegate all or any portion of its authority hereunder to a committee of the Board of Directors or to
designated officers or employees of the Company.

	(c)
	The
Company may deduct from the amount to be distributed such amount as the Company, in its sole discretion, deems proper for the payment of income, employment or other taxes with
respect to benefits under the Plan.

	(d)
	The
expenses of administering the Plan shall be paid by the Company. 

        IV.
Miscellaneous

	(a)
	Benefits
payable under this Plan shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution, or
levy of any kind, either voluntary of involuntary, including any such liability which is alimony or other payments for the support of a spouse or former spouse, or for any other relative of a
participant prior to actually being received by the person entitled to the benefit under the terms of the Plan, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber,
charge, or otherwise dispose of any right to benefits payable hereunder shall be void. The Company shall not in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements,
or torts of any person entitled to benefits hereunder. If any person shall attempt to, or shall alienate, sell, transfer, assign, pledge, or otherwise encumber his benefits under this Plan, or if by
any reason of his bankruptcy or other event happening at any time, such benefit would devolve upon any other person or would not be enjoyed by the person entitled thereto under the Plan, the Board of
Directors of the Company, in its discretion, may terminate the interest in any such benefits of the person entitled thereof under the Plan and hold or apply them to or for the benefit of such person
entitled thereto under the Plan or his spouse, children, or other dependents, or any of them, in such manner as the Board of Directors of the Company may deem proper.

	(b)
	Nothing
contained herein shall be construed to constitute a contract of employment between a participant and the Company.

	(c)
	The
headings are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text shall control.

	(d)
	If
any provisions of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof and the Plan shall be construed
and enforced as if such provisions, to the extent invalid or unenforceable, had not been included.

	(e)
	The
Plan shall be construed and enforced according to the laws of Indiana other than its laws respecting choice of law 

        IN
WITNESS WHEREOF, the Company has executed this Plan this 10th day of October, 1994 to be effective January 1, 1995. 

	 	 	GREAT LAKES CHEMICAL CORPORATION
	

 	
 	

By:	
 	

/s/  ROBERT JEFFRIES      
	 	 	 	 	

	

Attest:	
 	

 	
 	

 
	

/s/  STEVE D. MEAD      
	
 	

 	
 	

 

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Exhibit 10 (xiv)(a)

Supplemental Executive Long-Term Disability Benefit Plan of Great Lakes Chemical CorporationQuickLinks
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Exhibit 10 (xiv)(b)    
  

 
  Amendment to Supplemental Executive Long-Term Disability Benefit Plan of Great Lakes Chemical Corporation    
  

        The Supplemental Executive Long-Term Disability Benefit Plan of Great Lakes Chemical Corporation (the "Plan) is hereby amended, effective as of
April 3, 1998, as set forth below. 

        Any
term which is not defined below shall have the meaning set forth in the Plan. 

	1.
	Section II(c)
of the Plan is hereby amended and restated to read as follows

	(c)
	The
benefit shall be provided by the Company at no cost to the participant. Notwithstanding any other provision hereof, except as the Company may otherwise determine, all Plan
benefits shall be paid from the general assets of the Company. The Company may at its descretion supplement the benefit described above by an additional payment designed to pay the income tax
liability of the participant for the benefit provided by the Plan. 

        IN
WITNESS WHEREOF, Great Lakes Chemical Corporation has caused this Amendment to be executed by a duly authorized officer of the Company as of the day and year first above written. 

	 	 	GREAT LAKES CHEMICAL CORPORATION
	

 	
 	

By:	
 	

/s/  MARK S. ESSELMAN      

	 	 	 	 	April 16, 1998
 Date

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Exhibit 10 (xiv)(b)

Amendment to Supplemental Executive Long-Term Disability Benefit Plan of Great Lakes Chemical CorporationQuickLinks
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EXHIBIT 10.1  

 
 

Consent of Independent Accountants    
  

        We hereby consent to the incorporation by reference in Registration Statements 333-81862 and 333-60712 on Forms F-3 and Registration Statement 333-13506 on Form
S-8 of our reports dated January 31, 2002 relating to the consolidated financial statements and financial statement schedule, which appear in Novartis AG's Annual Report on Form 20-F for the
year ended December 31, 2001. 

PricewaterhouseCoopers
AG 

Basel,
Switzerland

March 14, 2002 

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Consent of Independent AccountantsQuickLinks
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Exhibit 10.1  

 
 

EQUITY MARKETING, INC.
  
    SECOND AMENDMENT
  TO CREDIT AGREEMENT    
  

        This SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is
dated as of February 8, 2002 by and among EQUITY MARKETING, INC., a Delaware corporation ("Borrower"), the financial institutions party to
the Amended Agreement (as defined below) from time to time ("Lenders"), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and
Issuing Lender and is made with reference to that certain Credit Agreement dated as of April 24, 2001, as amended by the First Amendment to Credit Agreement dated as of November 14, 2001
(the "Credit Agreement"), by and among Borrower, Lenders, Administrative Agent, Swing Line Lender and Issuing Lender. Capitalized terms used herein
without definition shall have the same meanings herein as set forth in the Credit Agreement. 

RECITAL  

        WHEREAS, Borrower and Lenders desire to amend the Credit Agreement as set forth below; 

        NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree
as follows: 

1.    AMENDMENTS TO THE CREDIT AGREEMENT  

        1.1    Amendments to
Section 1.01.    The definition for "Consolidated Fixed Charges" is hereby amended and restated as follows: 

        "Consolidated Fixed Charges" means, for any period, (without duplication) the sum of (a) Consolidated Interest Charges payable in
cash during such period, (b) scheduled principal payments during such period on Indebtedness (not including scheduled principal payments or reductions of Commitments under this Agreement),
(c) the Applicable Average Commitment Amount, and (d) the aggregate amount of Restricted Payments (excluding any stock purchased to be held as treasury stock and excluding $375,000 of
preferred dividends payable to Crown Capital in each Fiscal Quarter during 2001) made by Borrower during such period, all for Borrower and its Subsidiaries on a consolidated basis determined in
accordance with GAAP." 

2.    BORROWER'S REPRESENTATIONS AND WARRANTIES  

        In order to induce Lenders to enter into this Amendment and thereby amend the Credit Agreement in the manner provided herein, Borrower represents and warrants to
each Lender that the following statements are true, correct and complete: 

        2.1    Corporate Power and
Authority.    Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions
contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended Agreement"). 

        2.2    Authorization of Agreements.    The
execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Borrower. 

        2.3    Binding Obligation.    This Amendment
and the Amended Agreement are the legal, valid and binding obligation of Borrower, enforceable against it in accordance with their terms, except as enforcement may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws 

-1-

 

relating to or limiting creditors' rights generally or by equitable principles, and any instrument or agreement required hereunder or by the Amended Agreement, in each case, when executed and
delivered, will be similarly valid, binding and enforceable. 

        2.4    Incorporation of Representations and Warranties From Credit
Agreement.    The representations and warranties contained in Section 5 of the Credit Agreement are true, correct and complete in all
material respects, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and
as of such earlier date. 

        2.5    Absence of Default.    No event has
occurred and is continuing or will result from the consummation of this Amendment that would constitute an Event of Default or a Default. 

3.    MISCELLANEOUS  

        3.1    Reference to and Effect on the Credit Agreement and the Other Loan
Documents.    

        (A)  On
and after the Effective Date, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like import referring to the
Credit Agreement, and each reference in the other documents entered pursuant to the Credit Agreement to the "Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit
Agreement shall mean and be a reference to the Amended Agreement. 

        (B)  Except
as specifically amended by this Amendment, the Credit Agreement and the other documents entered pursuant to the Credit Agreement shall remain in full force and
effect and are hereby ratified and confirmed. 

        (C)  The
execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver
of any right, power or remedy of Administrative Agent or any Lender under the Credit Agreement or any of the other Loan Documents. 

        3.2    Headings.    Section and subsection
headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

        3.3    California Law.    This Agreement shall
be governed by, and shall be construed and enforced in accordance with, the internal laws of the State of California, without regard to conflicts of laws principles. 

        3.4    Counterparts; Effectiveness.    This
Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature
pages are physically attached to the same document. This Amendment shall become effective as of September 30, 2001 (the "Effective Date") upon
the execution of a counterpart hereof by Borrower and Required Lenders and receipt by Borrower and Administrative Agent of written or telephonic notification of such execution and authorization of
delivery thereof. 

[Remainder
of page intentionally left blank] 

-2-

   
        IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Credit Agreement to be duly executed and delivered by their
respective officers thereunto duly authorized as of the date first written above. 

	 	 	EQUITY MARKETING, INC., as Borrower
	

 	
 	

By:	
 	

/s/  LAWRENCE J. MADDEN      
 Name: Lawrence J. Madden

Title: Senior Vice President and Chief Financial Officer
	

 	
 	
BANK OF AMERICA, N.A., as Administrative Agent
	

 	
 	

By:	
 	

/s/  KEN PURO      
 Name: Ken Puro

Title: Vice President
	

 	
 	
BANK OF AMERICA, N.A., as Lender, Issuing Lender and Swing Line Lender
	

 	
 	

By:	
 	

/s/  DAVID J. STASSEL      
 Name: David J. Stassel

Title: Vice President

S-1

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EQUITY MARKETING, INC. SECOND AMENDMENT TO CREDIT AGREEMENT

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